No need to PANIC! | Bitcointalksearch.org

imstillthebest

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Quote from: Cacingkemi on December 03, 2019, 12:45:32 PM

Quote from: aardvark15 on November 22, 2019, 09:04:56 AM

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price. And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

of course if we have enough capital, as much as possible we should be able to take advantage of the opportunity to buy bitcoin when the price is cheap, even lately many are manipulating the spread of false news so that everyone feels panicked so that it can affect market prices because many people are afraid of losing deeper so decided to sell bitcoin at a pretty cheap price.

thats nice guys because you are showing that you dont panic while everyone else is panicking . i think i cant do what you have guys have done . i said to my self once that i wont be affected whenever happens with the price but when the dump happens my heart starts to race fast and i cant help seeing my assets go down which later on leads me to follow others and go with the flow . atleast that gives me an instant relief . panic is not bad if you think it will be better for you .

Cacingkemi

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Quote from: aardvark15 on November 22, 2019, 09:04:56 AM

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price. And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

of course if we have enough capital, as much as possible we should be able to take advantage of the opportunity to buy bitcoin when the price is cheap, even lately many are manipulating the spread of false news so that everyone feels panicked so that it can affect market prices because many people are afraid of losing deeper so decided to sell bitcoin at a pretty cheap price.

Hypnosis00

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Quote from: FlamingFingers on December 01, 2019, 05:28:10 PM

Quote from: aardvark15 on November 22, 2019, 09:04:56 AM

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

The market now has a lots of newbies in it and lots of weak hands in the market, that is why they tend to panic dump Whenever bitcoin retrace a little bit there by resulting in more dumping,

I wouldn't blame most of those who panic in selling most times because they took the market as a get rich quick scheme, no proper understanding about how the market operate and it's volatility

It actually that's their decision but thinking about how it affects the market, it seems to put care as well and help the market trend get stronger rather than to see it going down. We know that most of them are new to this kind of market that is why we need to help them understand and find a way to adopt the system that they would like to engage with. It oftentimes to have this fall and we shouldn't have to be surprised anymore.

FlamingFingers

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Quote from: aardvark15 on November 22, 2019, 09:04:56 AM

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

The market now has a lots of newbies in it and lots of weak hands in the market, that is why they tend to panic dump Whenever bitcoin retrace a little bit there by resulting in more dumping,

I wouldn't blame most of those who panic in selling most times because they took the market as a get rich quick scheme, no proper understanding about how the market operate and it's volatility

bitzizzix

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Quote from: Visbay on December 01, 2019, 01:22:47 PM

Quote from: Reid on December 01, 2019, 08:36:58 AM

Or not. But it should still not matter.
Whatever the price of bitcoin is, as long as it has a value greater than other coins out there, then I will stay.
Afterwards there will be a lot of buyers again because of the cheap price.
Just like you said, it is an opportunity for those who really believe in the bitcoin technology.
We can always pump the market when it goes down. I bet we all have the funds ready by now just in case there will be a good opportunity for a buy.

Yeah, no matter what the price Will be but we should not sell our coins at panic as little patience can help us to avoid loose. If you see the price is falling then just have little more bitcoins and hold them until the price again recovers. Don’t sell as so many whales use to wait for those foolish sellers they tell them bad things about the market and make them sell panic.

Panic only happens to those who invest in the short term because they worry that bitcoin will fall too deep, investing in bitcoin requires strong patience and does not feel panic when it is experiencing a decline.
I think bitcoin will be more effective and profitable if you make a long-term investment to avoid panic and worries when it goes down or anything that makes you feel panicked, and the long term will be a diversion option from the short term when the market is bad.

Visbay

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Quote from: Reid on December 01, 2019, 08:36:58 AM

Or not. But it should still not matter.
Whatever the price of bitcoin is, as long as it has a value greater than other coins out there, then I will stay.
Afterwards there will be a lot of buyers again because of the cheap price.
Just like you said, it is an opportunity for those who really believe in the bitcoin technology.
We can always pump the market when it goes down. I bet we all have the funds ready by now just in case there will be a good opportunity for a buy.

Yeah, no matter what the price Will be but we should not sell our coins at panic as little patience can help us to avoid loose. If you see the price is falling then just have little more bitcoins and hold them until the price again recovers. Don’t sell as so many whales use to wait for those foolish sellers they tell them bad things about the market and make them sell panic.

daarul50

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Quote from: Rosilito on November 30, 2019, 10:36:20 PM

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

you can not be stay calm when your whole savings fund stored in crypto and the market crash!

that is why you should only take the money you can afford to lose in to convert to crypto asset, not by going YOLO but in the end blame the whole thing in crypto haha i just can laugh at those people who doing so , pretty irresponsible.
gain some experience by spending less amount first , read more and apply it to a real action like start trading and feel the pain of losing money there.

as time goes by you will understand how the crypto market itself work , pretty different than others but so worthy.

Magkirap

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Quote from: Free1bitco.in on December 01, 2019, 01:41:36 AM

Quote from: Rosilito on November 30, 2019, 10:36:20 PM

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

I understand when the Investor feels uneasy. Basically, most bitcoin users today are investors who invest their money into bitcoin, so they panic when prices suddenly go down.
in general, I'm also very confident that the price of bitcoin will really reach $ 20k in the future. until now I even keep trying to collect assets. I just want to say for those who panic, believe in the potential of bitcoin. bitcoin first appeared to have no price, and currently has a high price due to technological developments. as long as the technology is still being developed, there is a high possibility that the price of bitcoin will continue to grow.

It is normal to panic when you invest in bitcoin and suddenly its price goes down because even though we are seeing this for a long time we can't take the fact that it is our money that will fade once things doesn't go in the way we wanted, it is about the way we think, the way we handle and see things.
Not only by the development of our technology bitcoin will continue going stronger in the market but also when people starts to know about it, when non crypto enthusiast found out about bitcoin and knew about the good things bitcoin can offer to us and they will eventually invest.

Reid

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Or not. But it should still not matter.
Whatever the price of bitcoin is, as long as it has a value greater than other coins out there, then I will stay.
Afterwards there will be a lot of buyers again because of the cheap price.
Just like you said, it is an opportunity for those who really believe in the bitcoin technology.
We can always pump the market when it goes down. I bet we all have the funds ready by now just in case there will be a good opportunity for a buy.

Free1bitco.in

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Quote from: Rosilito on November 30, 2019, 10:36:20 PM

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

I understand when the Investor feels uneasy. Basically, most bitcoin users today are investors who invest their money into bitcoin, so they panic when prices suddenly go down.
in general, I'm also very confident that the price of bitcoin will really reach $ 20k in the future. until now I even keep trying to collect assets. I just want to say for those who panic, believe in the potential of bitcoin. bitcoin first appeared to have no price, and currently has a high price due to technological developments. as long as the technology is still being developed, there is a high possibility that the price of bitcoin will continue to grow.

Rosilito

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Wish for the rain? Then deal with the mud too.

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

Distinctin

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Quote from: akmal1984 on November 30, 2019, 02:50:53 PM

Quote from: skiorf on November 29, 2019, 05:32:21 PM

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

For those who have been in crypto for the past 3 years, panic is no longer valid friends. Because they have experienced the ups and downs repeatedly. So they understand a little that this is only a temporary condition. But for new people it is difficult to accept immediately. the database they have is not as much as the old ones.

I don't think that they just understand a little, cause for that long I expected that they truly understand how bitcoin and crypto works. We have this fluctuation often times because of its volatility, market demand always change and it makes everything have a twist.

For these constant changes, I'd never considered this as a threat but rather to consider this an opportunity to make a profit. If people would understand the situation, they surely appreciate how it works and changes their mindset.

hahay

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Quote from: aardvark15 on November 22, 2019, 09:04:56 AM

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price. And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

If in the middle of next year the price of bitcoin is able to reach 20k I personally believe that at the end of the year the price will be lower, because if the crypto season comes in the middle of next year I am sure it will not only stagnate at 20k because it looks like the price will continue to be pumped higher during the bull run later. We just need to wait for that in the near future and indeed, there is nothing to worry about now even though the price is lower, because the price is still above 5k I think it is still at a reasonable stage and there is no need to worry and panic.

Visbay

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Quote from: yulionoo on November 27, 2019, 08:51:16 AM

yes i agree with you op we don't need to panic. bitcoin is always like this can go down and up suddenly. keep calm and rest assured bitcoin can pump again. learn from bitcoin price movements in the past. we will see after the decline there will definitely be an increase and vice versa. we just need to be patient and wait. panic will make us make the wrong decision and cause us loss.

Yes, I know bitcoin has the most volatile nature so it can rise and fall at the same time. We know the price of bitcoin rises high within a few days so only patience can protect us from losing. We should try to buy more and more coins when it will be a good time to buy but after that holding will be the wise step than selling at panic if the price is declining you only should increase your assets.

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Quote from: skiorf on November 29, 2019, 05:32:21 PM

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

But novice trader only manage very low volumes. Almost zero market effect. Only whales make a real splash.

akmal1984

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Quote from: skiorf on November 29, 2019, 05:32:21 PM

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

For those who have been in crypto for the past 3 years, panic is no longer valid friends. Because they have experienced the ups and downs repeatedly. So they understand a little that this is only a temporary condition. But for new people it is difficult to accept immediately. the database they have is not as much as the old ones.

Wysi

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Quote from: karanggatak on November 30, 2019, 12:54:16 AM

most people panic of course because they fear losing more when bitcoin goes down. and in my opinion the easy ones to panic are those who are new to investing in crypto or a newbie. those who have long invested in bitcoin will not easily panic because they are used to bitcoin volatility. I'm not panicking I'm sure bitcoin will pump again.

Same goes with me as well, even I don't panic whenever there is a dump as I have already seen numerous fluctuations all these years but I do have a red line post which I will think of selling it off only to back back at much lesser price. Those who have recently invested in bitcoin looking at last bull run and bought bitcoin at peak will be the one's to get panicked as they are yet to reach the break even of the amount which they have invested and it will not be an easy task for them.

Lanatsa

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Quote from: STT on November 27, 2019, 05:56:23 AM

Quote

very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

No you can be sure the market will swing to extremes, perhaps near term in a negative way and in future its quite likely to be upwards again but I disagree on the timing and inertia to the momentum of movement. 2020 people keep mentioning halvening but its not that saving grace that is imagined, its some focus and I guess a recovery but it can also be a peak price.
I think its inline to guess conservatively we get 10k or so in the next year and in fact it takes until 2021 for real genuine pressure to the upside to occur and thats when estimating a new all time high is reasonable. The halvening for its fundamentals takes time, it accumulates as some pressure and consecutively we'll have that rebound effect from the sell occuring right now. So the two together is why its reasonable to expect a high at that later time, to guess 20k in 6 months is too much and beyond even BTC volatility to sharply switch. I actually hope it takes longer as its more stable to do so.

Most people do really have that kind of perception on which they do trying or force to believe that it would happen on the same scenario once again on that previous halving event.
They do even reach out unrealistic digits speculation which even reaching or breaking that ATH would surely takes time before we do get there.Its better not to expect much and imho
its more preferable to have a some sort of slow phase of movement rather than having those sharp spikes instead yet we know on how prices would slumped down or would tend to reverse back.

karanggatak

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most people panic of course because they fear losing more when bitcoin goes down. and in my opinion the easy ones to panic are those who are new to investing in crypto or a newbie. those who have long invested in bitcoin will not easily panic because they are used to bitcoin volatility. I'm not panicking I'm sure bitcoin will pump again.

skiorf

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said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

Topic: No need to PANIC! (Read 936 times)