Don’t Panic IV - page 4. | Bitcointalksearch.org

sana54210

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Quote from: slaman29 on March 18, 2021, 04:56:31 AM

Hello tokeweed, nice to see you do something other than be a gambling degenerate.

Charting is fun but I stopped paying attention to the numbers and the patterns a while ago and now just look around as much as possible and see how people are thinking. You have to be careful when everyone is happy and optimistic, which isn't really the case now not yet, so good luck;)

I have stopped looking at charts during this period as well, I am just full on bull right now and maximalist, I think it will be 100k+ or even get closer to 200k before the year ends, I know some people think that it is "crazy" but I still think it is possible. I mean we have gone up more than x10 from last march, why would it be weird if we do another x3? That sounds quite possible.

Doing 3x from 4k to 12k requires "small" capital (compared to what comes next) and going from 60k to 180k requires a huge capital, but honestly these huge companies are in the crypto world now can buy and hold billions of dollars so I think we wouldn't be able to go to 150k+ prices without them for sure but with them it doesn’t look that much difficult, as long as they keep buying that would mean that we would end up profiting from it as well and that is what I want to see.

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Quote from: tokeweed on March 18, 2021, 07:15:59 AM

^ Hah thanks. My background was really in finance, worked at a bank before I got into poker then some stocks trading then crypto with a little bit of gambling in sports here and there when I was playing lots of poker back in the day. I kinda suck at trading tho. It’s mostly guess work for me and a lot of bankroll management.

Bank, to poker, to stocks to crypto. But speculative crypto like trading or shall we say more philosophical dabblings?

I've to admit my crypto entrance was only as an alternative to PayPal, even if the interest was from a journalistic aspect, I never actually used Bitcoin until 2016 when I had a lot of time and was wondering how on earth to fix my Paypal to earn from abroad;)

I learnt, as I'd said just a few days ago, the really hard away, I was like every trader. Death by leverage. And that was forex (way before Bitcoin) with 500:1 leverage very common haha, using e-gold ha ha.

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Quote from: davis196 on March 18, 2021, 07:27:22 AM

Who is panicking?

People

Those who do not believe that bitcoin can increase more than the price now will panic if they see the price is down too deep and they will fast sell their bitcoin in the downtrend.
That is what happen to them who can not hold on tight their bitcoin because of the downtrend, but we do not have to follow them.
The crypto market will still fluctuate, but this time will not be the same as 2017, and I guess the bull run does not end until now because bitcoin and altcoin can have more chances to increase higher.
So we should not panic and still calm down to find a chance to buy low and sell high.

The Sceptical Chymist

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Those little dips on this year's chart are exactly that, dips in an otherwise extremely strong bull market. 2017's chart shows a bubble popping, plain and simple. And while it's certainly possible that bitcoin could crash just like it did back then, I don't get the sense that it's going to anytime soon. A lot of bitcoin was scooped up by corporations that don't intend to just hold it for the short term, so there's been a not-insignificant drop in the market supply of bitcoin which should keep prices afloat as long as demand remains constant (or grows).

And with bitcoin teetering around $60k as I write this, I don't think anyone is panicking by any means--but we're going to keep seeing dips as people cash out and take their profits off the table, and that happens in any bull market.

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Quote from: tokeweed on March 18, 2021, 07:15:59 AM

^ Hah thanks. My background was really in finance, worked at a bank before I got into poker then some stocks trading then crypto with a little bit of gambling in sports here and there when I was playing lots of poker back in the day. I kinda suck at trading tho. It’s mostly guess work for me and a lot of bankroll management.

Most suck at trading.... therefore HODL Cool

sunsilk

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No need to panic. Bitcoin has always been bouncing back after it drops. And for the alts, the most noticeable lately is ADA.

Because of the news that Coinbase Pro listed it.

Coinbase Pro Adds Support for Cardano’s ADA

davis196

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Who is panicking?
The current BTC market has nothing to do with the 2017 BTC market.The 2017 price pump was more artificial,because it was caused by the scam ICOs,BTC hardforks(the investors bought more BTC just for the sake of getting free BCH and selling it for easy profits) and the BTC futures trading hype.
The 2020/2021 price pump is caused by legit institutional investors buying actual Bitcoins(not BTC futures or derivatives).
There's a huge difference.The 2021 bull market hasn't ended,but I won't be worried,even if it ends. Grin

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tokeweed

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^ Hah thanks. My background was really in finance, worked at a bank before I got into poker then some stocks trading then crypto with a little bit of gambling in sports here and there when I was playing lots of poker back in the day. I kinda suck at trading tho. It’s mostly guess work for me and a lot of bankroll management.

slaman29

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Hello tokeweed, nice to see you do something other than be a gambling degenerate.

Charting is fun but I stopped paying attention to the numbers and the patterns a while ago and now just look around as much as possible and see how people are thinking. You have to be careful when everyone is happy and optimistic, which isn't really the case now not yet, so good luck;)

Jating

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Quote from: Fakhrulenclix on March 17, 2021, 06:22:36 PM

How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI....

Lol, maybe the OP is just trying to remind everyone specially noobs.

Quote from: Fakhrulenclix on March 17, 2021, 06:22:36 PM

I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits

Human emotions I guess, if you see your portfolio going down, the first thing you think is that you want to stop the bleeding, so obviously, you want to sell right away to get that supposedly profits. But as you gain enough experience, throughout bitcoin's lifecycle of going down like every month, you will learn how to stay calm and wait till everything settles down.

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Quote from: tokeweed on March 17, 2021, 11:20:58 AM

There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today.

The difference was both in the rise and the fall not just the fall. The 2017 fall preceeded by a massive rise in a week that increased the price 100% after a lot of previous big rises increasing the total rise to 13,233%.
This rise was a tiny 6% after the previous dump in a month and the total rise of this round is only 1,828%.

Quote

And some alts are in the green. Decoupling? Alt szn?

There are always some alts that are pumping during any time you can think of whether bitcoin is rising or falling. Even in 2018 when bitcoin crashed there were shitcoins that got pumped (then dumped later). That is how the "pump and dump" altcoin market works.

bbc.reporter

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Quote from: Fakhrulenclix on March 17, 2021, 06:22:36 PM

How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI....

I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits

This might be similar to Sylvester Stallone's Rocky and Rambo movie series. He will keep creating them for as long as there is an audience in Don't Panic thread series hehehehe.

Wilhelm

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Quote from: tokeweed on March 17, 2021, 11:20:58 AM

There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it.

As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over.

And some alts are in the green. Decoupling? Alt szn?

If you look at the 2016 chart remind yourself that those initial humps between September and November are where we probably are now.

Once this puppy goes to the moon these dips we are having, will look like jitters on the chart. It looks big now but that’s because we are working with a magnitude bigger value than 4 years ago, and no mega ATH bringing it all into context ....

Fakhrulenclix

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How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI....

I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits

Baofeng

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Thanks again for this thread, reminding everyone not to panic because of the current dip, $61k-$55k. The good news though is that we have recovered some ground, $58k and probably could end the ween at $59k. I guess some whales decided to sell, and then others followed, push the sell button take profits and then decided to re-enter. Just the usual movement, but it's better not to be worried and afraid that bitcoin will go down hard again, just like what others have been telling in this board. Be a strong hand, we are still in the bullish phase.

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Based on 2017, Bullrun ended after the massive gain, pumped so hard. But now the increased price still in control, nothing massive pump, so all pump and dump are natural. And you don't need to worry about every correction, because it's needed for another ATH.

If you see an unnatural increase in a very short period of time, Prepare yourself. But same as 2017 this will happen at end of the year

tokeweed

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There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it.

As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over.

And some alts are in the green. Decoupling? Alt szn?

Topic: Don’t Panic IV - page 4. (Read 605 times)