Topic: Is Bitcoin creating panic again? - page 3. (Read 735 times)
The dipping decline that occurred yesterday did become another panic when the world situation did not improve, but with patience would at least provide something better because even prices can recover quickly. Indeed, panic is not easy to avoid, but in this market at least with only a few choose to be patient it will change something negative to be more positive for your investment, so be patient and calm because at the same time unstable situations in many sectors continue to occur.
I don't have the impression that we are having panic present although some users probably are under strong influence of COVID-19 situation, deep recession that we are heading and bad overal economy and social situation. That and lack of patience as well as real need for money due to job loss or similar might cause urge for selling but I don't think that at the moment this is mass activity.
It is literally around the price that we started the year with, I don't know if people are somehow scared and panicking because we once saw 10k+ in the year 2020 and that means we are lower compared to that, but even with that logic we have also seen under 4k just a month ago and we have spent a lot of time under 5k and even under 6k as well, right now it is over 6k and around 7k precisely which means we did moved from 7k to 10k so it is sad that we are at 7k but at the same time how about looking at the fact that we recovered from under 4k as well?
I don't see a reason to panic right now, bitcoin is doing awesome and to me right now it is creating hype around it to increase once again, without the increase I would have agreed but the latest thing bitcoin did was increasing.
I don't see a reason to panic right now, bitcoin is doing awesome and to me right now it is creating hype around it to increase once again, without the increase I would have agreed but the latest thing bitcoin did was increasing.
hahaha..most likely that is exactly what it is doing at this moment. At least the last shake out from weak hands before we approach bitcoin halving. I would not be surprised if bitcoin price reduces further this week to say $6.5k before we can finally see a rise from that end. The best option is to hold till halving.
Maybe you should change the title.
It sounds so bad even with the explanation of just a little movement of price.
The one who will panic are the weak hands.
It is a good thing if they will start selling now than waiting for later. Maybe others would have a chance to buy at a cheaper price. Strong hands.
That is, if they could shake the market that bad.
It sounds so bad even with the explanation of just a little movement of price.
The one who will panic are the weak hands.
It is a good thing if they will start selling now than waiting for later. Maybe others would have a chance to buy at a cheaper price. Strong hands.
That is, if they could shake the market that bad.
I love the chart. It really talks about the reality of being a trader's speculation.
Multiple times we are being rejected on those areas, $6,000 - $8,000 last few days, and now we are back again above $7,000.
Breaking above $8,000 could be a new level of resistance to be made. But being rejected again in those levels, a huge downwards is possible, especially falling below $6,500 again.
Multiple times we are being rejected on those areas, $6,000 - $8,000 last few days, and now we are back again above $7,000.
Breaking above $8,000 could be a new level of resistance to be made. But being rejected again in those levels, a huge downwards is possible, especially falling below $6,500 again.
This downward trend of Bitcoin is due to the coronavirus panic.
It doesn't have to do with the market itself.
Now that Bitcoin halving is close the price will possibly go up again.
It doesn't have to do with the market itself.
Now that Bitcoin halving is close the price will possibly go up again.
posts like this only add panic in this market because you are just adding fire to the situation,Why need same and same thread whenever there are some falling movement?why not post when price are climbing?
obviously you are only wanted to make the price fall.
please let market make its way because look at the price now?recovers fromt hat post of yours in a day?
obviously you are only wanted to make the price fall.
please let market make its way because look at the price now?recovers fromt hat post of yours in a day?
Well you might be right but for some of us its a less concern now since we're still in the middle of crisis and somehow affecting the movement of the market due to investors who buy and sell during this time.
Bitcoin's value is stable and I think it will remain this way until halving, I guess investors chose to hold rather than selling their btc now since most of us believe after that event the price might surge. Nevertheless anything can happen and we cant certainly predict what's ahead.
Bitcoin's value is stable and I think it will remain this way until halving, I guess investors chose to hold rather than selling their btc now since most of us believe after that event the price might surge. Nevertheless anything can happen and we cant certainly predict what's ahead.
I am not sure about that because the price seems stable for me, but I don't want to see another drop-down of bitcoin price. I hope that people don't have to panic if they see the price is down, but they can prepare their money to buy more bitcoin. The rate now seems to turn around at $6,800-$6,900-$7,000. So there might be a chance for the price to go back to the $7,000 again. Well, we have an unpredicted situation again this time, so you need to be careful to decide.
Is it panic which will work out or will it be patience?
Consider everything that is playing in the events.
COVID-19, economic drop, etc.
The product of it makes the financial industry also having problems on how to deal with it.
Bitcoin cannot get away from that.
So instead of having a panic breakdown from all the price drop, why not just be patient and wait for everything to recover.
Consider everything that is playing in the events.
COVID-19, economic drop, etc.
The product of it makes the financial industry also having problems on how to deal with it.
Bitcoin cannot get away from that.
So instead of having a panic breakdown from all the price drop, why not just be patient and wait for everything to recover.
The successful traders and the highly rich among us feed on our fears and greed. I have fine out that whenever this type of Posts started to come up it means bullish signal as the market always goes against this type of speculation. There are two reasons why we should not fear for now. Bitcoin remains above 50ma on a daily chart and halving.
It may cause another panic if huge bear will gonna enter market again. Those support is possible to break if this situation we are experiencing will continue. Some predictions were saying btc will bottom down again at $3,000 but the btc charts not even showing any signs of that. Well, not yet. Let's be optimistic, since bitcoin halving is near so we are still gripping and many are still positive about the good results.
Bitcoin is a forever trusted cryptocurrency, But some peoples are always panic in cryptocurrency because few countries only legalised and most of the countries still panic in Bitcoin. The recent and current issues was totally affect the Bitcoin and altcoins so some peoples think it's a risky platform. The reality blockchain will rule the furthers years so current growth good to rising in Crypto market.
We all have this kind of uncertainty as to the pandemic still on going and the whole world suffered a huge economic loss. We thought that crypto isn't affected by the current stock market drop but unfortunately, we get into trouble and many people will think negatively about this. This panic will rose back again as the market tends to drop once again. We can't leave this feeling and keep hiding because this is a common instinct of most individuals and they will sell their Bitcoin in order to save from losing.
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.
Still looking good in my eyes.
6.800+ is not a bad number. Even if it goes down to 6,500 it is still not that bad.
It gained a lot from dropping below 5k mark just last month.
Just how much percentage is that.
The thing is, we got so used to large numbers last year. Maybe it's time to swallow the truth.
6.800+ is not a bad number. Even if it goes down to 6,500 it is still not that bad.
It gained a lot from dropping below 5k mark just last month.
Just how much percentage is that.
The thing is, we got so used to large numbers last year. Maybe it's time to swallow the truth.
Here is the issue with your charts. The first support was already tested and created a wick and went up from there. So most likely it won't provide support again a 3rd time. And when the first support fails, most likely the remainder 2 won't hold either. This is generally what I found when trading bitcoin from the last couple of years. Whenever there is some obvious support level, it usually never holds. It either comes close to the level, doesn't touch and start to go up from there. Or it just breaks the level completely.
I still think that level where we had the massive crash which was around $8K or so will be a huge supply level. Most likely we will retest this level eventually and we will see how it will react to it. However I think its mostly up to the equity markets. Whether they rally or not. What is going on with the oil markets is not helping the equities and it also isn't helping the crypto markets. And this coronovirus is showing no signs of slowing down or flattening the curve at all.
I still think that level where we had the massive crash which was around $8K or so will be a huge supply level. Most likely we will retest this level eventually and we will see how it will react to it. However I think its mostly up to the equity markets. Whether they rally or not. What is going on with the oil markets is not helping the equities and it also isn't helping the crypto markets. And this coronovirus is showing no signs of slowing down or flattening the curve at all.
What is new, by the way?
Bitcoin is known for its volatility and the panic is not being created by Bitcoin but the investors or traders itself not used to the quick movements of the price. I am not really worried about the price changes nowadays as some people sold their BTCs for their needs this ECQ and I know that despite the lowest price it will dump, it will always go back up.
Bitcoin is known for its volatility and the panic is not being created by Bitcoin but the investors or traders itself not used to the quick movements of the price. I am not really worried about the price changes nowadays as some people sold their BTCs for their needs this ECQ and I know that despite the lowest price it will dump, it will always go back up.
You can stay out of bitcoin already if you want to. Such TAs are helpful to give warning and help you decide what you want to do before the drop happens. But that doesn't mean that it will like that forever, if there's a downtrend, then there's the opposite too.
No need to panic and I won't get out of it. The drop recently is fine and acceptable and we even had the baddest day for this year so far when it went under the radar of $5000.
No need to panic and I won't get out of it. The drop recently is fine and acceptable and we even had the baddest day for this year so far when it went under the radar of $5000.
Nothing to worry about, the price ain't showing any signs of obvious significant drops, instead its bouncing back and forth from above $6,500 to below $7,500 level, which means crypto doesn't want to become very affected by the health crisis.
Although what keeps holding back for Bitcoin to fall below support level is the fact that people are still optimistic about the halving, but It's also very obvious that the crypto space lacks more investors to force an upward trend.
Although what keeps holding back for Bitcoin to fall below support level is the fact that people are still optimistic about the halving, but It's also very obvious that the crypto space lacks more investors to force an upward trend.
Jump to: