No need to PANIC! - page 3. | Bitcointalksearch.org

julius caesar

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Quote from: aardvark15 on November 22, 2019, 08:04:56 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.

It is totally alarming and panicking especially there are a lot of people who hold bitcoin. I know in the last few days or yesterday the price of bitcoin drops to 6900$ and it below to 7000$. In this kind of market once you get panic there will be a tendency that you could lose an opportunity to earn income. I'm not totally confident the price of bitcoin will really go up to 20,000$ and even there will be a new bitcoin halving there still a chance that the price will go down. But, what do you think will gonna happen at the price of bitcoin at the end of this year?

Quote from: Palider on November 22, 2019, 08:40:17 AM

Holders panic today and sell because they don't want to reduce the value of their bitcoin. So they are selling now and are still waiting for the lower price to buy back.

what is happening now is natural, as you said @op and its price will rise again when whales and big time traders start buying at low prices.

Holders are always the first person who get panic in every fall down of the price and because of this the whales have a chance to buy more bitcoin and they can also control or manipulate the market. Do not be a panic seller and just stay calm whenever we experience a sudden drop in the price.

crossabdd

legendary

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I think it's natural for someone to have panicked about falling bitcoin prices. especially those who buy at the price of $ 8000- $ 9000. and I believe, those who panic are beginners. or those who are old but don't have much knowledge about bitcoin price fluctuations. or those who don't have patience. for people who already understand. the price of falling bitcoin is not a panic, but an opportunity, adding to bitcoin and saving it long term. I personally really like the current falling prices.

bhabygrim

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I think panicking when the price drop is natural even though we don't plan to sell our crypto we still feel nervous or something when the price drop.
We couldn't help it even if we trust that in the future the price would rise again we couldn't help but to doubt it when the price drop starts,
We would doubt it if it would continue to drop or rise again and I think everyone feels the same way .

piebeyb

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Quote from: Free1bitco.in on November 23, 2019, 12:07:37 PM

Quote from: piebeyb on November 23, 2019, 02:09:05 AM

no panic then no party, everyone saw the panic last night to touch $ 6800, I hope last night the price will touch it $ 6666.66, apparently not at all, I think they are the big players prefer to make a lot of people panic of course will reduce bitcoin holders in the future, at least they control the news and other media sites, I can only take a moment when prices bounce for quick profits, I can only say thanks for their panic, lol

actually I am one of those people who panicked. Roll Eyes

seeing the price of bitcoin and altcoin are falling so fast, making people who hold it will definitely continue to pay attention to prices.
unfortunately, I'm quite patient with that. but, I quite guarantee that enough people sell the assets they have been holding in the long run. however, it becomes an opportunity for investors to buy back in large quantities. I remember that this often happens, and then prices return to the level of $ 9k within a few weeks, or months.

I do not forbid people not to panic and also hold them to HODL, I support whatever they do, if you are a panic and want to prevent your panic, you should be able to look for other activities to not see the price of bitcoin falling off the internet and go to a place a place for you to be more relaxed, but if you think that panic is a hobby I won't force you too, if I panic I usually do the same thing to turn off the internet and close the laptop Grin

bitvalak

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Quote from: aardvark15 on November 22, 2019, 08:04:56 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.

At the end of the year is a moment for profit taking for big players, so it's only natural that this dumper occurs. Then the big players will wait for the price to go down to buy it back.
Unfortunately there are still many who panic with this condition, the more panic, the lower the price the whales will buy.

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Quote from: bitbunnny on November 24, 2019, 06:50:31 AM

I think that panic started as soon as the price dumped below 8000$. There are always new and unexperienced Bitcoin users who react on every negative price change so there will always be a panic sellers. Also, some people will never actually learn how market works ans that corrections are normal part of volatility process.
Don't sell.and panic, hold and buy some more.

stress level panic for bitcoin price on $5700 , if this level break we have to becarefull with next low that may formed , for traders or investors that have no skill they will panic when bitcoin move on this range, understanding market behavior, market sentiment and momentum will help us to face this condition. we ill not be panic when see price crashing, but we will have another sight from this. we see this as good opportunity to enter in market and buying coins in lowest price.

bitbunnny

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I think that panic started as soon as the price dumped below 8000$. There are always new and unexperienced Bitcoin users who react on every negative price change so there will always be a panic sellers. Also, some people will never actually learn how market works ans that corrections are normal part of volatility process.
Don't sell.and panic, hold and buy some more.

lienfaye

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Thats exactly what im thinking, many investors are worried or panic selling because of the sudden price dropped but they didnt realize that this situation is much better compared to the price earlier this year.

If you understand how the market works then this situation should not be new to you and cant cause you to think negative. We know this is a temporary situation so cheer up investors, the market will recover unexpectedly thus wait and hold.

barota

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everyone should hold bitcoin because some whales want to make traders at panic for buying their bitcoin at cheap price. we should learn the lesson of the past when prices grow lot of time . let leave the whale sell his bitcoin then we will buy their bitcoin reverse what he want

Darooghe

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Quote from: aardvark15 on November 22, 2019, 08:04:56 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.

In my opinion most people don't care about bitcoin or the technology. This is just a get rich lottery ticket they bought into. As the price declines more people realizing that it is a losing lottery ticket. Nevertheless I'm in it since 2015 and I do a little panic. this is several months of continuous decline and I don't see any sign of any buyer anywhere. Order books are ultra thin on every single exchange. People who've been burnt during the last couple years aren't going back to Crypto anytime soon. I'm not selling anything though. I sold enough near 13,000 USD but I'm still very concerned for Bitcoin and crypto in general.

magneto

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Quote from: aardvark15 on November 22, 2019, 08:04:56 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.

Well said. People forget about the bear market completely way too easily, and it doesn't make much logical sense for people to all of a sudden hit the panic button.

BTC's fundamentals have only changed for the better, and this flash crash is due to some news that was already known to the market long ago - that China wasn't going to be supportive in their stance with decentralised cryptos.

I'm seriously struggling to comprehend why markets first overreacted so much to China's endorsement of cryptos (it's obvious that they're doing it to support their own project), and now the pledge to ban all exchanges, which has been said time and time again.

rodskee

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Quote from: aardvark15 on November 22, 2019, 08:04:56 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.

its nice that we are hearing this kind of word and encouragement from the old timer here in crypto space

Quote

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.

yeah that's it,people only reacting when the price are dumping but not neing thankful when the value starts to grow

Quote

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.

i can feel you with that mate,because there is another chance to accumulate when others are panicking and we are gathering .

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Quote from: andycarrol on November 24, 2019, 01:09:44 AM

Quote from: kesmex on November 23, 2019, 04:23:42 PM

Quote from: andycarrol on November 23, 2019, 02:23:52 AM

Quote from: Inkdatar on November 23, 2019, 12:42:21 AM

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

in trading sometimes we have to cut losses to minimize the risk of loss, so many people panic this is indeed natural. but if they have full experience in crypto, they should know where the price will go eventually, this is only temporary or just a game from whales to get lower prices.

some people are indeed exposed to whale traps, I am used to it like this,
I'm sure the price of Bitcoin will also survive at least $ 6500, but if it is passed, then we will see $ 4000 and please you buy with a lot of money,

wow I don't even think the price will really fall to $4000, I think bitcoin never repeats the lowest point in a short time. but if that happens this might be our last chance to buy? before halving 2020 happened.

To much dump will happen before we reach that but I don't expect that to came since provably we gonna go stable at $7000 since the price is so stable these days but I will watch more since I'm looking for more cheaper price to get in and hopefully I can see a good chance or might buy at this rate if sudden changes will came since I'm expecting a huge rally and for sure many speculate that also when halving cames.

ecnalubma

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Whales are always responsible for the price dips and small fishes will always follow as they think that its doomsday for Bitcoin without doing a research on what really is going on in the space. But definitely just a normal dip and nothing to anticipate.

andycarrol

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Quote from: kesmex on November 23, 2019, 04:23:42 PM

Quote from: andycarrol on November 23, 2019, 02:23:52 AM

Quote from: Inkdatar on November 23, 2019, 12:42:21 AM

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

in trading sometimes we have to cut losses to minimize the risk of loss, so many people panic this is indeed natural. but if they have full experience in crypto, they should know where the price will go eventually, this is only temporary or just a game from whales to get lower prices.

some people are indeed exposed to whale traps, I am used to it like this,
I'm sure the price of Bitcoin will also survive at least $ 6500, but if it is passed, then we will see $ 4000 and please you buy with a lot of money,

wow I don't even think the price will really fall to $4000, I think bitcoin never repeats the lowest point in a short time. but if that happens this might be our last chance to buy? before halving 2020 happened.

sayaya17

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There are some people who panic with the decline in bitcoin prices recently, maybe some groups panic and sell them, so the price is getting down again. But I am also convinced in mid-2020 the price of Bitcoin will return to the peak, but I can not ascertain what price bitcoin will achieve after halving it later, which obviously I also still hold Bitcoins to date and do not plan to Sell it

d3nz

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Quote from: btc_angela on November 23, 2019, 06:26:27 PM

I guess everything had settled down in the last 24 hours because the price seems to be recovering around the $7200-$7300 price after CZ has calmed the market and says that there's no raid because they don't have a office in Shanghai in the first place, total fake news coming from the media and that's why people panic.

There is some speculation roaming around that the value of bitcoin will still go down and could go drop betwern the value $7k - 7.1k and it might recover by next month.

And we all know thay even the value of bitcoin is recovering it can still be manipulate by whales. And best way is to take advantage of the bear market and make a profit.

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Quote from: btc_angela on November 23, 2019, 06:26:27 PM

I guess everything had settled down in the last 24 hours because the price seems to be recovering around the $7200-$7300 price after CZ has calmed the market and says that there's no raid because they don't have a office in Shanghai in the first place, total fake news coming from the media and that's why people panic.

Fake news is everywhere and so people are believing what they thought are real. Media is really unreliable with real truth. They create chaos sometimes. But it only shows that people should not trust everything they read. They should do their own digging before believing into something and having decisions that are unnecessary.

STT

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Quote

For someone who've had to go through the entire 2018 season and early 2019, a drop to 7k shouldn't be that daunting.

Exactly my thinking, its a pullback but its still an advance year by year. Then consider how someone from the 2014 era of drop out in the BTC price and that lull in activity and then we are still much further from there hence the old timers I guess who been here longer then me are perfectly calm on this move. NO biggy

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I guess everything had settled down in the last 24 hours because the price seems to be recovering around the $7200-$7300 price after CZ has calmed the market and says that there's no raid because they don't have a office in Shanghai in the first place, total fake news coming from the media and that's why people panic.

Topic: No need to PANIC! - page 3. (Read 1023 times)