Topic: panic selling - page 84. (Read 111217 times)

But it seems that 7k bitcoin does not make much difference. There are very strong buys.

You're wrong, a lot of the parties are keeping thousands of bitcoin in this time, you've seen it in the past time, and i guess up to 7k btc is get dump just in a minute.
And that's real and make the market is feeling panic. And the government is never trying to make an intervention to the bitcoin although some of his regulation make the market feeling panic.

There are not many people with enough coins to dump to cause a crash of bitcoin, besides if the one doing it is not a government then that will go against his interest since a crash will happen and he will not be able to sell his coins for a profit anymore.

Focus is what you need in trading, you will do the right thing all the time when you are well informed with what you are trading. Mostly those who panic  are people who are not making a good research about bitcoin.

Just recently the value of bitcoin has drop very fast and if you panic that time you will lose your money because as we can see not, the price is climbing back again and we are in $1,200 once again. It's a game of the clever people, be one of them if you want to stay trading longer.

never panicked in the trade as a result of her would be fatal, loss in front of you if you panic, there is quiet when the price rises there are times when the prices will fall will probably take a long time to ride again

I agree with much less getting to know the growing certainly a possibility prices fell very sharply on the wane. I believe prices will not fall by more than $ 800 even though panic selling occurs

Not really i don't see new friends using BTC as i was alone i am still alone with BTC knowledge and usage.
Current price was driven by ETF hype and covered PoBC once ETF is rejected you will see BTC price dropping like rock.
BTC without solution to transaction times will not last in Bull forever
To find new fool to buy bitcoin new people have to come into BTC since BTC is having scaling problem it can bounce of that wall and wall.
And look how stupid it is people come to Bitcoin because price is rising not because needed in real life.
So if price stops rising they will leave a party because bitcoin can not be scaled.

BTC devs calls alts test nets ... and they can not take long term decisions before hitting a rock (blocksize limit) we are at wall look :
https://blockchain.info/charts/avg-block-size

In last month we are hitting 1MB wall without any change that will cause bear market
maybe that is needed for miners/developers to change their minds and moves forward.
In biology those who can't evolve and suits to living conditions are not worth living like dinosaurs or outdated companies.
If bitcoin won't change it will end dead.

PS: If you want keep store of value status for bitcoin and cut of currency part it will make less demand for Bitcoin, less demand = lower price, lower price = less speculators want join in , no speculators = no store of value at end. - I now that chain is long but true.

Wow you are really very pessimistic. Sorry but i dont agree with you. The demand on the market is rising day by day. Because the popularity of crypotocurrencies especially bitcoin is increasing.

You're right, their decision will have a great impact on bitcoin, because it affects the demand of bitcoin. I think doing panic selling during this period is not profitable, I believe that bitcoin users will increase because they will be interested in bitcoin and technology of blockchain. then the price will go up, this is the law of supply and demand.

bitcoin user or bitcoin trader still wait and see
about decesion and announcment ETF, SEC and BPOC bitcoin aprove or rejected, in 9 - 11 march, bitcoin price in waves can exstreme price, if aprove can incraese very high, if rejected can crash and down price

That remains to be seen

Though, personally, I don't think that the current rally has anything to do with Bitcoin ETF approval expectations. People don't blindly expect this ETF to be approved out of hand. As I see it, the overall sentiment is neutral at max. More realistically, it is rather negative, i.e. the majority of people don't really expect the ETF to get approval. Therefore, there is no reason to think that the lack of such approval will cause a massive dump. Obviously, some wannabe market manipulators will try to instigate panic selling, but the drop in price (if it should happen at all) won't be great (because of disapproval itself)

We don't know that for sure

We even don't know if the current rally is due to supply squeeze or demand expansion (or both). The effect of halving is not a one off event and it can't be felt overnight (thus the price at which halving happened is largely irrelevant). Though halving itself takes place at a certain date, it is still rather a process not an event, at least as far as prices are concerned. If we exclude all the hype and hysteria that the expectation of it causes to arise, halving will gradually make the supply of bitcoins to market decrease, but that will surely take some time. Further, prices usually don't react to such events by gradual increase or decrease, they seem to be remaining in a state of fragile equilibrium for some time and then move abruptly dozens of percentages

I'm not quite sure about that, staying in the long time with that range is good but it would better if we will continue to rise. It will only be stable once people will stop the hype but since we have started it already, this price increase will continue to rise especially now that we are reaching in the big day this coming May 11 on the ETF's decision by the SEC.

The dump took the price low to $1250. Once again in a short time it went back crossing $1275. Now this looks to be the time to stabilize. We might stay around $1270-$1300 for a longer time period.

Yeah that's right, we will see the another pump and i guess We will break $1300 wall as soon as possible. But the main concern is about 11 march. Does it become the big dump for bitcoin? This just like a gambling about the ETF approval.

Well it's not JUST speculation.
It's speculation around an even and a decision that must be taken rather soon.
We'll know before 13 march what is the result ^^

I think it's just your mere speculation. I knew dump will happen but I think it would not go down too deep. may in around price of $800-$1,000 and then the price will rise again

In fact what's a bit strange is that price is rising in anticipation.

It's all about ETF going through or not :/
And if it doesn't... Yeah big crash coming.

bitcoin really is not able to keep prices stable, because bitcoin prices are always influenced by the power of buying and selling in the market, in this case we should never panic, because if you panic then we will be harmed.
My advice prices would always go up and down so smart and patient in reading the market price if you have this then we are in disadvantage.

There is no way to bictoin to keep at this rates, there isnt any significant news to make the price be at where it is, soo be sure a heavily dump will happen sooner or later. Considering halving price 500-600dollars, 2020 halving should be 1000-1200 dollars, and without any change at bitcoin this price is just manipulated again.