Is Bitcoin creating panic again? | Bitcointalksearch.org

coin_1122

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Quote from: Spaffin on May 01, 2020, 07:43:05 AM

Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020. It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

We are very close to Bitcoin halving, after Bitcoin halving the price of Bitcoin increased, but the problems with the Bitcoin it keeps fluctuating and this makes to think negative, whether we are going to see the bull run in this year or not. Of course, if we compare with the previous year, the price of Bitcoin recovered a lot in the market.

AakZaki

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I just found out that there is a technical analysis that does not have the accuracy described by the OP, the panic was actually only experienced by novice traders who could not read the direction of the movement of Bitcoin. So far I have never panicked in trading Bitcoin or other Crypto.

I am also not sure that the TA image on the OP is not his own, but rather taken from someone else's tradingview site, that is why the OP cannot analyze it well.

wxxyrqa

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Quote from: Free1bitco.in on May 03, 2020, 11:46:46 PM

Quote from: monineklutak on May 03, 2020, 04:06:23 PM

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter Wink

it's clear, even more so if the price of bitcoin decreases in a short amount of time. however, panic will not occur when the price of bitcoin is not volatile. for now, the price of bitcoin is still quite stable, so I assume that there is currently no panic. if the price rises quickly before halving, I am sure that many people are panicking buying. if you do not want to feel the panic, I suggest holding the coin stable.

The fact is that alarmists always panic. they panic when the market drops, and also when Bitcoin prices rise, because I don’t know what to expect next. Nevertheless, the panic from the belief that the coronavirus will adversely affect the entire cryptocurrency has already passed and Bitcoin prices have begun to recover. Of course, on the eve of halving, we expected this.

Free1bitco.in

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Quote from: monineklutak on May 03, 2020, 04:06:23 PM

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter Wink

it's clear, even more so if the price of bitcoin decreases in a short amount of time. however, panic will not occur when the price of bitcoin is not volatile. for now, the price of bitcoin is still quite stable, so I assume that there is currently no panic. if the price rises quickly before halving, I am sure that many people are panicking buying. if you do not want to feel the panic, I suggest holding the coin stable.

Oceat

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Quote from: Mahanton on May 03, 2020, 07:42:57 PM

Quote from: Oceat on May 03, 2020, 07:04:35 PM

Quote from: Spaffin on May 01, 2020, 07:43:05 AM

Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020. It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

I guess you haven't seen how the Bitcoin halving works in the past and how the market would move like a string when you pull it. When there's a halving coming it doesn't mean there's a bull run already that's not how the market works. When you see the price moving up beware about it because after it stretches so much there's a huge tendency that it will fall back anytime, the same goes when it's moving downwards it is because to the traders constantly moving everytime.

Thats how market works but some people do believe into the opposite thing on where once theres some news they do believe that price can shoot
up with that time without even trying to look at on the history where things doesnt work that way and people should really consider on analyzing everything
before they do make a move or a position because it will surely cost you money when price do go to the opposite way.Lets see on what would be
the current halving would give.

That is always the mistake of all newbies who doesn't have a single clue how do halving works. That's why it's always required to do their own research if they want to belong in this market without being eaten by the whales in the future. It happens already in the past I hope these new comers or new investors will always seek answer first before dropping their money to anything for an investment.

Mahanton

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Quote from: Oceat on May 03, 2020, 07:04:35 PM

Quote from: Spaffin on May 01, 2020, 07:43:05 AM

Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020. It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

I guess you haven't seen how the Bitcoin halving works in the past and how the market would move like a string when you pull it. When there's a halving coming it doesn't mean there's a bull run already that's not how the market works. When you see the price moving up beware about it because after it stretches so much there's a huge tendency that it will fall back anytime, the same goes when it's moving downwards it is because to the traders constantly moving everytime.

Thats how market works but some people do believe into the opposite thing on where once theres some news they do believe that price can shoot
up with that time without even trying to look at on the history where things doesnt work that way and people should really consider on analyzing everything
before they do make a move or a position because it will surely cost you money when price do go to the opposite way.Lets see on what would be
the current halving would give.

Oceat

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Quote from: Spaffin on May 01, 2020, 07:43:05 AM

Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020. It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

I guess you haven't seen how the Bitcoin halving works in the past and how the market would move like a string when you pull it. When there's a halving coming it doesn't mean there's a bull run already that's not how the market works. When you see the price moving up beware about it because after it stretches so much there's a huge tendency that it will fall back anytime, the same goes when it's moving downwards it is because to the traders constantly moving everytime.

24Kt

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Quote from: ballerin and giroud on May 03, 2020, 06:20:30 PM

Quote from: monineklutak on May 03, 2020, 04:06:23 PM

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter Wink

You can hold your money or you can hold bitcoin. The current market sentiment is really volatile. We never know what will happen next, also for those trader I guess you'll be better to not trade at this momment. Especially for day trader who just use scalping strategy, it will be risk. So I just hold my bitcoin and collect money to buy when the sign for bull run comes (I think the current increase price is not a bull but it was just a FOMO for halving event).

Bitcoin always create panic especially for those users that are holding their coins that wanted to get profit in short term or those that borrowed their money for trading. They are the ones who are looking at the market 24/7 and every slight movement, they will think that they will gonna be screwed. So if you don't want to panic, invest what you can afford to lose, as the famous saying goes, and set an achievable targets.

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Quote from: monineklutak on May 03, 2020, 04:06:23 PM

Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter Wink

You can hold your money or you can hold bitcoin. The current market sentiment is really volatile. We never know what will happen next, also for those trader I guess you'll be better to not trade at this momment. Especially for day trader who just use scalping strategy, it will be risk. So I just hold my bitcoin and collect money to buy when the sign for bull run comes (I think the current increase price is not a bull but it was just a FOMO for halving event).

monineklutak

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Panic will always be in Bitcoin, especially if it alludes to the price issue, people will follow, be it FOMO or REKT,
which surely we must be careful if we want to enter Wink

jhonjhon

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Quote from: Spaffin on May 01, 2020, 07:43:05 AM

Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020. It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

Ain't yet to say it is Bullrun already, that was a pretty short pump and to think big then.
It was good to see pumps before halving but we should be careful about this change because this wasn't a simple change and it possible whale have taken some action to manipulate the price. If this is really true, a trap isn't possible.

Spaffin

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Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

I think that such indicators could be expected today, since everyone hoped for good indicators of the cryptocurrency market thanks to the next bitcoin halving in May 2020. It is possible that the time for a bull run has already come, as the price of Bitcoin rises along with market capitalization.

freedomgo

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Quote from: Kong Hey Pakboy on April 28, 2020, 02:01:20 PM

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

Those who buy at dip this year have already doubled their investment, Bitcoin rise up to $9400 before it dump now, so they have the opportunity to sell. Buying at dip or when people panic is really a great strategy because bitcoin has been proven an asset that will always recover no matter how strong or hard it's dump.

Kong Hey Pakboy

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Quote from: jhonjhon on April 26, 2020, 05:01:51 AM

The tragic and unexpected way of drowning business institutions really affecting the minds of the people and truly panicking. It was a surprise drop and not all of us are prepared for this scenario. The way of recovering is still slow and not knowing how long we should get over from this situation. The panicking situation will get worsen when the big businesses will also shutting down as it will affect the crypto market.

I was expecting the market to go down when the pandemic was declared and the markets were shutting down but i am really surprised when the market shows signs of recovery in the stock market when stimulus package was announced and that was evident in the crypto market too and the price is actually looking good today with over $7700 and the market is holding up on its own, i am not expecting a major rally nor a correction until there is some news that would affect the market in either direction.

It is really a surprise that bitcoin is starting to recover it's price today, so i think the people who buys bitcoin in a low price from last month of March when bitcoin's price suddenly goes down were really lucky because their funds is starting to increase today. No one really expect that in the middle of this pandemic bitcoin can still be positive and can continue to have an improvement to it's price.

wozzek23

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I am not really going to say anything against OP, they can be right about their calculations and analysis normally but there could be something that happens between then and now that changes everything. However this should basically be a proof that TA is never the solution, you can do TA as much as you want and in the end if you are not really doing it carefully enough something totally unexpected could happen that causes you to lose money.

There is no sure fire thing about bitcoin price prediction, nobody can predict it correctly all the time, you can be right sometimes and you can be wrong sometimes and you just live with that. So, just because OP gave an info, we all saw that doesn't mean it will happen, but it also doesn't mean he will be wrong each time.

Barbut

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Panic is always around, this is the crypto market, I mean what we are talking about here? We already experienced, some of us, 90% drops and we are still here, doing the same thing we did before! Give it or take it, in crypto you are always in some kind of dilemma, what to do, which coin to buy, to cut losses, to long it, or simply buy Bitcoins with all money you have! It's always something, is it a buying fever, or panic selling, many of us try to earn on that and we live for those moments to sell on top and buy again on the bottom.

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Well, the reason why bitcoin price is going higher is the simple fact that virus is right now but the crisis is not right now at all.

I believe, all those people who didn't have any money left already are in big trouble, however there are plenty of people who are going to run out of money eventually that didn't reach to that point just yet, that means people might be unemployed and staying at home and not going outside, but they might have some stash somewhere aside, which means they are going to end up running dry one day and that will be the real big crisis, until that moment we are going to see people coming into bitcoin and leaving and doing that repeatedly constantly.

But in few months if nothing survives, by September or so we are going to see a big fall, not just on bitcoin but on everything in life.

onrise

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We are now seeing btc prices is started to pull back up now with each passing days. Compared to last week the movement is shifting up and what I think is that many big investors or even country may start investing in this crypto considering that stock markets will continue to bleed in coming time as well. Crypto may their investment which could give them positive returns even in this dropping GDP of the world.

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Quote from: BlackFor3st on April 26, 2020, 05:09:42 AM

Quote from: Lasky366 on April 21, 2020, 10:12:50 AM

[snip..]

As you can see BTC Doesn't Looks good at all as of noey ! Loosing momentum, Strong Resistance ahead, Hidden Bearish Divergence all are Indicating that we may see a Significant drop in upcoming days !

Only hope for Bulls is that they Make a Strange moves and Anyhow Breaks and Fixes above 7500$. Below that Mark, it's Better to stay out of this Asset !

Important Levels to Watch here is : 6500$, 6200$, 5800$

Let's see how it goes.

It already broke 7500$ and it will continue to increase knowing that the bitcoin halving is very near but I am worried if it can really push the price that hard especially that we are currently facing a pandemic right now. But base on the last few days, the market is very positive which is gaining a green remark until now so we can expect that it will continue until the halving will happen.

But after the halving will be very crucial because if the bull run will not be triggered then there is a big chance that the market will crash again especially if the pandemic will not be resolve.

Well when the OP posted this, it was like six days ago, and that time we have been struggling the breake the next resistance which is $7200. And it seems that the market suddenly went on a run to $7500-$7700 which makes me excites but at the same time, could be a bear trap.

So let's see if this is really a bullish signal prior to the halving next month. A good $8k is not that bad, actually we have doubled the last lows for this year already, which is $3800. So everything is really pointed to a good direction, but I will still remain cautious.

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Quote from: Lasky366 on April 21, 2020, 10:12:50 AM

As you can see BTC Doesn't Looks good at all as of noey ! Loosing momentum, Strong Resistance ahead, Hidden Bearish Divergence all are Indicating that we may see a Significant drop in upcoming days !

Only hope for Bulls is that they Make a Strange moves and Anyhow Breaks and Fixes above 7500$. Below that Mark, it's Better to stay out of this Asset !

Important Levels to Watch here is : 6500$, 6200$, 5800$

Let's see how it goes.

It already broke 7500$ and it will continue to increase knowing that the bitcoin halving is very near but I am worried if it can really push the price that hard especially that we are currently facing a pandemic right now. But base on the last few days, the market is very positive which is gaining a green remark until now so we can expect that it will continue until the halving will happen.

But after the halving will be very crucial because if the bull run will not be triggered then there is a big chance that the market will crash again especially if the pandemic will not be resolve.

Topic: Is Bitcoin creating panic again? (Read 696 times)