Topic: Market Panic can drive BTC prices Lower - page 2. (Read 4205 times)
I noticed that once Bitcoin prices lower because of dump scheme and panic selling. Once bitcoin price lower, many of traders have been selling their bitcoin. I buy bitcoin when its too stable price and sold them when I earn profit already.
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".
all i can do is buy some bitcoin in stable price and ofcourse in low price. I dont think i will buy coin when it price more than $1000
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".
No matter what is happening with Bitcoin price these days. Panic sell off is going to an end, in my opinion.
Just as Bitcoin is getting more popularity in a whole world we should expect a lot of FUD against it. Within the community and outside it. Do not expect BTC to conquer world economic system in a few years.
Just as Bitcoin is getting more popularity in a whole world we should expect a lot of FUD against it. Within the community and outside it. Do not expect BTC to conquer world economic system in a few years.
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".
legendary
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Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.The reason for this, whales does not see this helpful in their current plan. And rather see the China statement more appealing and will benefit them. They ride it with an action of fake dump so they can accumulate much more cheaper Bitcoin. Then when accumulation is done, they will use the news about Japan on Bitcoin and other good press that will make bitcoin looks good to uptrend bitcoin price.
But I disagree that using the method of pumping with spreading good news about bitcoin regarding Japan accepting bitcoin will success, making news popular for twice is really hard and I think majority of people who's a traders, updated into the latest information, and really serious into this job will have big chance of knowing this news, it will not helping that much in the price pump
how do you know Japan has low number of bitcoin users? because there is no way we can say anything about how many bitcoin users exist in each countries, it is impossible.
what you are saying about China is based on trade volume and the hash rate distribution report and these two factors have nothing to do with how many bitcoin users exist in one country specially since volumes from China are 90% fake.
and besides Japanese government wouldn't have talked about bitcoin and announce it as a legal real currency if there weren't many users in their country.
Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.The reason for this, whales does not see this helpful in their current plan. And rather see the China statement more appealing and will benefit them. They ride it with an action of fake dump so they can accumulate much more cheaper Bitcoin. Then when accumulation is done, they will use the news about Japan on Bitcoin and other good press that will make bitcoin looks good to uptrend bitcoin price.
But I disagree that using the method of pumping with spreading good news about bitcoin regarding Japan accepting bitcoin will success, making news popular for twice is really hard and I think majority of people who's a traders, updated into the latest information, and really serious into this job will have big chance of knowing this news, it will not helping that much in the price pump
how do you know Japan has low number of bitcoin users? because there is no way we can say anything about how many bitcoin users exist in each countries, it is impossible.
what you are saying about China is based on trade volume and the hash rate distribution report and these two factors have nothing to do with how many bitcoin users exist in one country specially since volumes from China are 90% fake.
and besides Japanese government wouldn't have talked about bitcoin and announce it as a legal real currency if there weren't many users in their country.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.The reason for this, whales does not see this helpful in their current plan. And rather see the China statement more appealing and will benefit them. They ride it with an action of fake dump so they can accumulate much more cheaper Bitcoin. Then when accumulation is done, they will use the news about Japan on Bitcoin and other good press that will make bitcoin looks good to uptrend bitcoin price.
But I disagree that using the method of pumping with spreading good news about bitcoin regarding Japan accepting bitcoin will success, making news popular for twice is really hard and I think majority of people who's a traders, updated into the latest information, and really serious into this job will have big chance of knowing this news, it will not helping that much in the price pump
Panic selling is something that occurs in any market, and the Bitcoin market is not an exception. This is mainly caused by traders who are not knowledgeable enough to identify the right time to buy and the right time to sell. This is certainly not a recommended market for amateurs.
You know, traders are very fragile or sensitive. Once they see bad news, they quickly panic and sell their holdings and its a chain reaction. Once panic sell occur, they also follow. And for that the price will fall drastically. This situation is normal. Everyone can pump and dump. We cant stop them. FUDsters are responsible for this. Spreading bad news to all traders.
That's right folks, when trader see negative news against bitcoin, then traders will panic, sell or not. But most of them chose to sell their coins. It can make a market panic and then bitcoin price is down.
You know, traders are very fragile or sensitive. Once they see bad news, they quickly panic and sell their holdings and its a chain reaction. Once panic sell occur, they also follow. And for that the price will fall drastically. This situation is normal. Everyone can pump and dump. We cant stop them. FUDsters are responsible for this. Spreading bad news to all traders.
Markets have a tendency to overreact when there is a rise in price there is also the possibility that it becomes a bubble an when the price gets lower there is the possibility the price gets a lot lower than it should but it will eventually bounce back.
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
In fact, after the recent price increase followed by a slight drop, people started that the price was going down really so they started selling which made the price go down even further, but luckily it stabilized around $800, the thing is you don’t have to follow any one when it comes to the right time to sell, you have to be the who determine if the price is good enough for you or not. 
Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.The reason for this, whales does not see this helpful in their current plan. And rather see the China statement more appealing and will benefit them. They ride it with an action of fake dump so they can accumulate much more cheaper Bitcoin. Then when accumulation is done, they will use the news about Japan on Bitcoin and other good press that will make bitcoin looks good to uptrend bitcoin price.
Op, you are completly right, but there is fundamental problem with bad vs. good news effect on everything, bitcoin market included.
We need 4x, 5x more positive news or some HUGE bomb dropped to diminish even slight negative news. Look what happened in China - they just started to use AML/KYC, no big deal right?
But it caused whole Chinese market to go crazy.
We need 4x, 5x more positive news or some HUGE bomb dropped to diminish even slight negative news. Look what happened in China - they just started to use AML/KYC, no big deal right?
But it caused whole Chinese market to go crazy.
Good read, and no harm to repeat points as a way of constantly urging each of us to continuously promote and advocate for bitcoin.
To be honest, I don't quite understand why there would be market panic - the price surge was a bit sudden and it was bound for a correction.
I bit, therefore I am.
To be honest, I don't quite understand why there would be market panic - the price surge was a bit sudden and it was bound for a correction.
I bit, therefore I am.
i don't quite understand the reason for a market panic either, but generally it is because there are too many weak hands in the market and whenever there is a price change they all start thinking things are over and get scared so they start selling to not lose money and when it starts it can not be stopped until they are flushed out.
Good read, and no harm to repeat points as a way of constantly urging each of us to continuously promote and advocate for bitcoin.
To be honest, I don't quite understand why there would be market panic - the price surge was a bit sudden and it was bound for a correction.
I bit, therefore I am.
To be honest, I don't quite understand why there would be market panic - the price surge was a bit sudden and it was bound for a correction.
I bit, therefore I am.
The information was very nice, friend. I really agree with the way that you give. It is true that the market panic could make bitcoin prices down, because if users bitcoin panic after knowing the release of economic news, it is usually the user will choose to sell their bitcoin. Here is the basic law of economy of force that is supply and demand. This condition will usually lead to selling pressure is high enough. Surely if the selling pressure is high then the price will fall significantly.
Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
Today i hear the news regarding that japan is accepting bitcoin that very good to hear for bitcoin community where it can drive to increase the price of bitcoin. Panic will may change people mind and drive them to sell their bitcoin it makes fluctuating bitcoin market. But in trading market there is no space for stagnet price it keep move up and down it very common and normal.
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