No need to PANIC! - page 4. | Bitcointalksearch.org

BitHodler

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

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,

The price gap between $6.5k and $4k is huge. I don't think we will see the price tank to $4k and if it did so anyway, I probably wouldn't buy because that to me doesn't look like there is much demand left.

$4k isn't even that important technically. It's a round psychological level, but other than that I don't see why we wouldn't retest the current low just above the $3k mark in that scenario.

People are getting more bearish as we speak, which generally means that they have sold and for that reason expect and hope that the price will go down, so don't be surprised to see a significant counter move soon.

kesmex

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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,

Free1bitco.in

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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.

andycarrol

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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.

piebeyb

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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

Hippocrypto

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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.

That's not a big deal for me if market won't recover right now, what's important is how it would be corrected. Typical issues will be addressed seriously and will result to great market conditions, which eventually attracts more strong holders who will help with the pump of crypto market. Panic can be handled if you're not losing hope, keep a stand and stay determined.

Inkdatar

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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.

smyslov

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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.

Whatever is happening now, people should look beyond and after the halving, and don't just worry on what's happening now, because all that we have been through now, have documented and we have seen how the halving has an over all impact on the price of Bitcoin, you should see this as an opportunity to buy more, like what I'm doing right now.

akmal1984

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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.

This is a condition that has happened repeatedly in crypto so it must be handled casually and don't panic as you say. Even though I personally did not expect that the price would be pushed up to $ 7,000, but this has already happened. Maybe now it should be do is buy.And then just wait for the next few months prices will rise again.

gabmen

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For someone who've had to go through the entire 2018 season and early 2019, a drop to 7k shouldn't be that daunting. Come on, we've had worse. And we know that this is only temporary and there will come a time to recover. Unless of course, you bought bitcoin for short term profit this month. That would cause concern of course since there's a chance that a sub 7k price won't be the end of this correction.

marcous

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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, some of those who panic are want to save their capital that is normal because of each person's decisions. traders should have a percentage target in the cut loss rather than a bigger loss. if you look at history before, it's not strange if Bitcoin crashes and then it will surge as the good news circulates. If have more capital, it would be better if the buyback at a lower price.

aardvark15

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Quote from: Wexlike on November 22, 2019, 07:31:30 PM

Quote from: ene1980 on November 22, 2019, 04:20:02 PM

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

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 is not easy to judge a valuation and its worth just by looking at the price and you cannot call the past rally overpricing and massive boost manipulation might happen in an unregulated market and nothing can be done as if now.

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

It is easy to make a prediction and there is no guarantee that the price will rally after the halving and looking at the past exchange movements we can very well say that the price of bitcoin will reach another all time high valuation but these are mere speculation and hopefully the market recovers in the near future before the holidays.

It looks like the price is going to break the local support zone and move downward to the 1st bottom at 6000.00 level. If you search for buy opportunities, this movement will be good for you. There will be a possibility to buy at the support zone formed by the middle line of the price channel and 6000.000 using reversal signals. Such trades will be as good for investing for the long run as for the medium term with the profit targets at the nearest resistance levels.

I bought at around $7000 and I’ll probably buy more if the price gets down to $6000. This may be the last time that we see prices this low.

darkangel11

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I also don't understand why people focus on the short term and call it a bear market. If we look at the big picture runs from 3k to 14k then back to 7k and again to 10k and so on are only showing that Bitcoin is stuck between strong buy pressure at around 5-6k and a strong sell pressure above 10k. Bitcoin exchanges lack liquidity and make it seem volatile but if we count how much fake volume there is and that there's a lot being traded OTC the price that we see can but doesn't have to be the real price. Real means the real average price at which bitcoin is traded worldwide. We don't know what that is so don't panic hold if you believe in it and sell if you don't. Don't do what others are trying to make you do. Play your own game!

Wexlike

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Quote from: ene1980 on November 22, 2019, 04:20:02 PM

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

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 is not easy to judge a valuation and its worth just by looking at the price and you cannot call the past rally overpricing and massive boost manipulation might happen in an unregulated market and nothing can be done as if now.

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

It is easy to make a prediction and there is no guarantee that the price will rally after the halving and looking at the past exchange movements we can very well say that the price of bitcoin will reach another all time high valuation but these are mere speculation and hopefully the market recovers in the near future before the holidays.

It looks like the price is going to break the local support zone and move downward to the 1st bottom at 6000.00 level. If you search for buy opportunities, this movement will be good for you. There will be a possibility to buy at the support zone formed by the middle line of the price channel and 6000.000 using reversal signals. Such trades will be as good for investing for the long run as for the medium term with the profit targets at the nearest resistance levels.

ene1980

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

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 is not easy to judge a valuation and its worth just by looking at the price and you cannot call the past rally overpricing and massive boost manipulation might happen in an unregulated market and nothing can be done as if now.

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

It is easy to make a prediction and there is no guarantee that the price will rally after the halving and looking at the past exchange movements we can very well say that the price of bitcoin will reach another all time high valuation but these are mere speculation and hopefully the market recovers in the near future before the holidays.

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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.

So someone newly invested on crypto currency when the price was around 9,000 USD and all of a sudden the price drops without any reasons and you want them not to panic? Lol, obviously they are going to panic. You probably don't have much invested on bitcoin for which you don't care much if the price goes down.
Anyone who have high investment, no matter for how long they have been in the market, when they see the price dropping, they will start to panic at least a bit. If they exit at the right time, they will also have some good chance of saving some loss and make more profit once the price has hit the bottom range.

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Quote from: vintages on November 22, 2019, 02:58:20 PM

People always use to forget this popular saying: "Red is green!"
I see every price dip as an opportunity and even if I don't buy during the dip, I am not foolish enough to sell. The price is around $7k, so? At least it's way better than what it was at the beginning of the year. I guess what contribute to those panicking is that the year is ending, so they expect a price pump. They are forgetting it doesn't always work that way.

Because there's no free fall just like there's no pump without a correction. We went up like crazy to 14 thousand from below 4 and now we're dumping towards 6. It's like a zigzag pattern.

People say bitcoin is bearish and I disagree. We should say as it is bitcoin is bearish short term. This is a good moment to buy or to exit the market and that's what smart money is doing. Not trading trying to buy the bottom but exiting to fiat or stable coins. They will soon come back when the see at least one full green day.

Pearls Before Swine

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

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.

This is true, but traders tend to panic every time something like this happens, and if they end up selling because of that it only makes it worse for the market. I remember when the price was $3000 and even much lower than that, so while I'm disappointed to see what's happened to bitcoin in the last 48 hours I can still bring myself to keep it in perspective like you do.

Fear is a killer if you're a trader, and I would suggest to anyone new to the crypto market that they keep a lid on that emotion. It can make traders make trades that are ill advised, and they can end up losing money. This is just a tiny blip for bitcoin, and I have no doubt that it's going to recover. That might be next year, but it *will* happen.

Quote from: jostorres on November 22, 2019, 10:09:36 AM

I remember some bitcoin celebrities called for "fair price" of bitcoins around $15k when it was trading below $5k levels.

Those 'celebrities' don't know what bitcoin is going to do any more than the rest of us, so if I were you I would stop paying attention to what famous people say about the price of bitcoin.

vintages

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People always use to forget this popular saying: "Red is green!"
I see every price dip as an opportunity and even if I don't buy during the dip, I am not foolish enough to sell. The price is around $7k, so? At least it's way better than what it was at the beginning of the year. I guess what contribute to those panicking is that the year is ending, so they expect a price pump. They are forgetting it doesn't always work that way.

TinaK

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Even on 2016 halving time alsowe have seen the same kind of drop and when the January started price slowly started bombing and value was reached to some decent level and he was in the the next peak value on 2017.
if this time drop also behave like that same we will be a millionaire with the one bitcoin itself so get ready to buy the Bitcoins as much as possible and we will be a millionaire soon.

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