Topic: Is Bitcoin creating panic again? - page 2. (Read 698 times)
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.
If there's no pandemic today anyone can do a prediction and 100% it will turn out to be ok, but we are in a different situation now it's hard to make the exact price predictions I just go with the flow, the important thing is the market is ok, we have the halving and there are already cures in the virus although, still in a clinical test, we'll get there, the big question is when.
times of panic may have passed. when COVID-19 exploded, almost all industries went down, even bitcoin, and certainly caused a lot of panics. at the moment, it seems like things are not so freaking out, because evidence from that the price of bitcoin is slowly recovering. I suspect that in the near future, there will be no panic, even I feel that a high rise can occur. If there's no pandemic today anyone can do a prediction and 100% it will turn out to be ok, but we are in a different situation now it's hard to make the exact price predictions I just go with the flow, the important thing is the market is ok, we have the halving and there are already cures in the virus although, still in a clinical test, we'll get there, the big question is when.
there is no such thing as 100 percent prediction mate . prediction means you are only predicting or your not sure so its not 100 percent while there are rare occasions that a prediction succeed but this is only a co incedent .
you already said market is fine and yes that is true . btc is now getting stable so that can also result for people to not panic . thats a good news too if there are now cures , if that became succesful then people can recover again and more growth for btc as expected
People always seem to be confused about what bitcoin is capable of, right now we are seeing a prime example of that.
People imagined it would go down, it went up, now they are thinking it will continue to go up and I am sure it may even go down right now.
So long story short do not really underestimate what bitcoin can and will do, it can go up, it can go down, and it can do this at anytime, there is no "it will do this" type of sentence in bitcoin world, there is always "it may do this" and that is why we are not getting super rich at all, if we knew what it is capable of doing before it did it, we would all purchase or sell before but we are not, only a rare handful of people can be right back to back and even they are not always right.
The only people who are considered right are the people who constantly buys bitcoin to put aside for retirement fund, that is the only right way that won't fail.
People imagined it would go down, it went up, now they are thinking it will continue to go up and I am sure it may even go down right now.
So long story short do not really underestimate what bitcoin can and will do, it can go up, it can go down, and it can do this at anytime, there is no "it will do this" type of sentence in bitcoin world, there is always "it may do this" and that is why we are not getting super rich at all, if we knew what it is capable of doing before it did it, we would all purchase or sell before but we are not, only a rare handful of people can be right back to back and even they are not always right.
The only people who are considered right are the people who constantly buys bitcoin to put aside for retirement fund, that is the only right way that won't fail.
If there's no pandemic today anyone can do a prediction and 100% it will turn out to be ok, but we are in a different situation now it's hard to make the exact price predictions I just go with the flow, the important thing is the market is ok, we have the halving and there are already cures in the virus although, still in a clinical test, we'll get there, the big question is when.
Currently, the price of BTC has surpassed $ 7k5 and is now sideway in this area. I think it will correct to $ 7k3 and will continue to increase until the fomo weakens. Your analysis is plausible but I think it will appear in the medium-term trend. In the short term, BTC will increase further and it will gradually adjust sharply to around $ 6k5 before continuing the moon. we have more reasons to be patient because covid 19 has not really ended and Europeans are still strongly influenced. At the end of the epidemic, debt will increase sharply and may cause a major recession and bitcoin cannot increase sharply in the near future.
Sideways in this area is better than sideways in 7200 a week ago. The correction hopefully is very brief because it seems that if they last longer than a week, we drop even lower. I'm not sure why halving so close isn't having an impact though. Bears selling a lot?
Yes, you are right. At least, bitcoin price now still at $7,500, and although the price it seems hard to increase to $7,600, we still have a chance to see that price soon. If situations are better than now, I think we can see that price in the next weeks, so we need to prepare for that time. Hm, I don't want to expect to see the bears in the next week, but we cannot do anything if the bears still come next weeks. I hope that this time, bitcoin can be stronger than before, so the price can rise more than now.
The price of BTC right now is at around $7500.
I'm not bullish on BTC right now but not that bearish too. Either way, lets just expect for what will happen to it. The world and the market in general right now are full of uncertainties. Nobody expected that Crude Oil will go to $0 in an instant. There are many uncertainties already so with Bitcoin, this is not new already and its normal already at its price is driven by price manipulators and sentiments of the investors
.
The situation isn't normal for me, the crisis that we are fighting today has widen its market effect. If we prolong the situation, it possible that more uncertainties will be shown and panic will getting worse. It was surprising how Crude Oil becomes no market value, isn't we think that it happens before and it will happen again these days. And something I have think that this COVID-19 isn't just a virus to kill people but to kill businesses as well and I think also about market competition. I'm not bullish on BTC right now but not that bearish too. Either way, lets just expect for what will happen to it. The world and the market in general right now are full of uncertainties. Nobody expected that Crude Oil will go to $0 in an instant. There are many uncertainties already so with Bitcoin, this is not new already and its normal already at its price is driven by price manipulators and sentiments of the investors
.
The price of BTC right now is at around $7500.
I'm not bullish on BTC right now but not that bearish too. Either way, lets just expect for what will happen to it. The world and the market in general right now are full of uncertainties. Nobody expected that Crude Oil will go to $0 in an instant. There are many uncertainties already so with Bitcoin, this is not new already and its normal already at its price is driven by price manipulators and sentiments of the investors.
I'm not bullish on BTC right now but not that bearish too. Either way, lets just expect for what will happen to it. The world and the market in general right now are full of uncertainties. Nobody expected that Crude Oil will go to $0 in an instant. There are many uncertainties already so with Bitcoin, this is not new already and its normal already at its price is driven by price manipulators and sentiments of the investors
. Bitcoin chooses a different path, you already know that halving will start, and surely this is Bullish for the crypto market, specifically Bitcoin, but altcoin does not all increase, if you choose SHORT from now you will cry, the target is at $ 8000 before halving starts I am sure it will be achieved, 
Not be so sure mate,remember that the Locking down is extending longer than the previous target date.I agree that we should not be that calm about the incoming halving since we never know what might happen.
Here in our country, lockdowns are gradually lifting though it would still take almost a month before completely lifted. Precautions are still advised but I don't think it would impact the halving that much. I guess we could just see a price not that high after halving. I think we would be able to see a price pump in the upcoming months after this pandemic.
Panic is normal for those who are so afraid in losing and not counting the chance of making profit.
and we must also consider that without those panicking people then the price will never favor us investors lol.
and we must also consider that without those panicking people then the price will never favor us investors lol.
Bitcoin chooses a different path, you already know that halving will start, and surely this is Bullish for the crypto market, specifically Bitcoin, but altcoin does not all increase, if you choose SHORT from now you will cry, the target is at $ 8000 before halving starts I am sure it will be achieved,
Not be so sure mate,remember that the Locking down is extending longer than the previous target date. 
Bitcoin chooses a different path, you already know that halving will start, and surely this is Bullish for the crypto market, specifically Bitcoin, but altcoin does not all increase, if you choose SHORT from now you will cry, the target is at $ 8000 before halving starts I am sure it will be achieved,
$7.4K is a good level for us right now, we do not need to go any higher because that is not really needed, however we cannot afford to go any lower neither, we are literally right at the middle of doing mediocre right now and that is a very very thin level that can't be broken. If we go upwards to above 7.5k I am 100% certain we will also go above 8k as well, I do not see bitcoin staying around 7.7k or whatever, if it goes above 7.5k even a bit, it will also go above 8k which will be an awesome bull run.
If we go under 6.5k, I also do not see it staying around those levels neither, it will probably go under 6k as well. So, right now any movements one way or another 500 bucks will result with over a thousand bucks worth of movement since it was all pumped up and stuck and couldn't move so that move wherever it is will be really big.
If we go under 6.5k, I also do not see it staying around those levels neither, it will probably go under 6k as well. So, right now any movements one way or another 500 bucks will result with over a thousand bucks worth of movement since it was all pumped up and stuck and couldn't move so that move wherever it is will be really big.
snip~
The current uncertainty of the situation is that we do not know whether people have enough free money to survive the time of the quarantine that is now continuing. If this money is not enough, then people will again be forced to sell their cryptocurrency and prices in the cryptocurrency market will again slowly fall, or at least generally stand still. We really need to observe the market for now, because now the situation is unpredictable.It gonna be right, we should have to look for what it is better and understand the situation around. Investing at this point seems to be in less consideration especially when we just rely on what we have today. The pandemic is really crashing in an individual's life, we can't move freely, we can't make money to support, and that is really hard.
snip~
The current uncertainty of the situation is that we do not know whether people have enough free money to survive the time of the quarantine that is now continuing. If this money is not enough, then people will again be forced to sell their cryptocurrency and prices in the cryptocurrency market will again slowly fall, or at least generally stand still. We really need to observe the market for now, because now the situation is unpredictable.It gonna be right, we should have to look for what it is better and understand the situation around. Investing at this point seems to be in less consideration especially when we just rely on what we have today. The pandemic is really crashing in an individual's life, we can't move freely, we can't make money to support, and that is really hard.
I don't really know how to read charts, but right now the price is going up and it's quite different from your prediction. are you still panicking right now? I'm not sure that the price of bitcoin will really go down to the price of $ 6k in the long run, and for now, I feel the price of bitcoin will continue to rise to high prices.
Well, different days different results as I am writing this today the price starting to drop a bit again and it looks like it's gonna hit that $6k range again. Bitcoin is truly volatile since no one could predict the right price in the right time but by looking at the movement of the chart you will understand where Bitcoin would go next. That's why reading charts is very helpful if you are a trader, you should learn reading charts because you might need it someday. I don't really know how to read charts, but right now the price is going up and it's quite different from your prediction. are you still panicking right now? I'm not sure that the price of bitcoin will really go down to the price of $ 6k in the long run, and for now, I feel the price of bitcoin will continue to rise to high prices.
Unpredictable movements is not new to bitcoin, though charting is relevant and following the market situations can give some guide to work with your next position to decide. The market is rising and it's giving good light to those who are holding and continuing to invest from this industry.Panics only made you loses better to know and understand every decision that you'll going to take.
well, even after fall of the oil price btc made a little downtrend movement but right now as you can see on the chart it's stable above 7000.
I think the covid-19 already effected the btc market and right now we are waiting for the halving a the pump after that
If the reason of the market downtrend is covid19 then we won't see the price increase as you wish for halving event. Because now the pandemic still spreading almost to all country, like in my country that at least around 10.000 people have been infected and lockdown has been held. The people are panicking and they sell everything they have to fulfill their need. But now bitcoin and altcoin price are going up again and I think it will continue. So, it was not fully about covid 19, there may be some investor who keep their money and wait a good time to entry. I think the covid-19 already effected the btc market and right now we are waiting for the halving a the pump after that
I don't really know how to read charts, but right now the price is going up and it's quite different from your prediction. are you still panicking right now? I'm not sure that the price of bitcoin will really go down to the price of $ 6k in the long run, and for now, I feel the price of bitcoin will continue to rise to high prices.
well, even after fall of the oil price btc made a little downtrend movement but right now as you can see on the chart it's stable above 7000.
I think the covid-19 already effected the btc market and right now we are waiting for the halving a the pump after that
I think the covid-19 already effected the btc market and right now we are waiting for the halving a the pump after that
If we breakdown below the support level then we can expect another dump but we should not panic because that's another opportunity for us to get bitcoin cheaper. Few more days before the halving, and maybe people are preparing to have more bitcoin and if they saw a cheaper bitcoin then the price will bounce back because we finally have demand for bitcoin. Bitcoin doesn't create panic, people do and greedy whales do.
Jump to: