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Topic: No need to PANIC! - page 6. (Read 1023 times)

legendary
Activity: 2912
Merit: 1068
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November 22, 2019, 09:46:36 AM
#10
This has been said here thousand of time, don't panic and don't sell every time when price goes down. However, the same story happens every time and I guess people will never learn.
For me this is just another price correction that didn't surprise me but I don't think that price will go below 6000$ or even lower. Just buy more coins, that is my advice.
sr. member
Activity: 1092
Merit: 250
November 22, 2019, 09:36:13 AM
#9
Seeing markets like this, of course there are many people who panic, especially when reaching $ 6000 I think some are survive and some are selling for fear of heavy losses, but I think by holding on and holding bitcoin consistently I'm sure they will be strong and not panic facing the market like this, and this is the start to the highest price so be prepared to buy now.
MI6
hero member
Activity: 1260
Merit: 504
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November 22, 2019, 09:29:04 AM
#8
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.
It is too much dump so really every investors are panic to sell continuously in Bitcoin and altcoin. May be your expectation will possible soon, all the coins are raise again. But continuous selling make more dump on crypto market, I hope next year it will raise slowly and further hype is still hard to predict so we must hold for long term relationship it makes more profit.
People who sell their bitcoin because of panic wouldn't keep come forever, and we know supports will come and maybe  a lot of people who to be patient is one of a lot of order in support level and wait cheap price to stock more. I think with people who still stand with bitcoin, although others keep selling their assets, nothing to worry about it.
legendary
Activity: 1473
Merit: 1086
November 22, 2019, 09:26:20 AM
#7
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.

$7000 seems fine, $6000 feels painful - not lying.  Sad
hero member
Activity: 1036
Merit: 514
November 22, 2019, 09:26:04 AM
#6
Indeed, I'm quite surprised to see that the price of bitcoin dropped below $7K, which means the prediction regarding bitcoin dip to $6K was right.
It's time to buy, not to sell, just enjoy the low tide and stockpiling bitcoin. If the price could drop to $6500 or $6000 will be a good chance, I've been waiting for a cheaper price to add more to my wallet. The right move to do before bitcoin skyrocket in the next year towards halving, don't let yourself fall to the panic-sell trap.
legendary
Activity: 3668
Merit: 6382
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November 22, 2019, 09:20:36 AM
#5
Holders panic today and sell

The price took me by surprise. I told the ones predicting this that they are wrong. Woah.
But no, holders don't sell. Only some investors and (many) traders have sold.
Holders remember that the price was not long ago 3300$
sr. member
Activity: 700
Merit: 250
November 22, 2019, 09:14:43 AM
#4
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.
It is too much dump so really every investors are panic to sell continuously in Bitcoin and altcoin. May be your expectation will possible soon, all the coins are raise again. But continuous selling make more dump on crypto market, I hope next year it will raise slowly and further hype is still hard to predict so we must hold for long term relationship it makes more profit.
legendary
Activity: 3318
Merit: 1133
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November 22, 2019, 09:05:47 AM
#3
Good positive thought and vibration. Cool!
That is how we should always think.
It had gone for a very much low price that FUD's are becoming like: "Is it the end of bitcoin?" "Is this is our last dance with bitcoin?"
Those kind of titles of articles and forum threads pops out.
Now, it is not even close to what happened before.
From $20k to $3k and yet holders are not shaken.
hero member
Activity: 1273
Merit: 507
November 22, 2019, 08:40:17 AM
#2
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.
hero member
Activity: 1008
Merit: 510
November 22, 2019, 08:04:56 AM
#1
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.
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