People are panic buying right now! - page 3.

Fakhrulenclix

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Quote from: janggernaut on August 09, 2021, 06:11:24 AM

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!

people who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

virasog

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Quote from: bakasabo on October 07, 2021, 06:13:49 AM

Quote from: virasog on October 07, 2021, 02:44:24 AM

Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money.

I think you wanted to say opposite. Why they cant buy when prices are low and sell when high?

Yes Right, i wanted to write the opposite but this exactly shows what happens when people buy/sell in panic. They really buy high in panic and then sell low in panic too.
The people or traders who are calm , they are always able to make correct decisions.

bakasabo

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Yesterday Bitcoin gained $4k and now began to slowly lose price. Do you think people who has bought yesterday will start a panic sale? I think they will. Because they are new in cryptocurrency. On one hand this is good, they are fresh blood and prove that there is high interest in cryptocurrencies. On they other, they are easy money for elite traders. Due their panic buys and sells we have such a slow growth.

People will always make rush decisions. There will always be a panic, as people feel emotions.

Quote from: virasog on October 07, 2021, 02:44:24 AM

Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money.

I think you wanted to say opposite. Why they cant buy when prices are low and sell when high?

carlisle1

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Quote from: virasog on October 07, 2021, 02:44:24 AM

Correct, people always panic buy and panic sell. I don't understand why they do so. Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money. Retail investors always fomo buy and later complain when they are in a loss.

That's what they mostly do, buy when hypes are ongoing, then sell when they already seen losses from their initial investment.
It's not the right way of investing, not only with crypto, but in every venue where trading is present. But low and sell high if you want to earn decently.

Not doing the right thing will cause to lose your money, most of the time, the complaint coming from people who lose their investment due to panic is because they are lucking of proper understanding, they just go with the flow and always following what most are speculating inside the market.

Don't be a blind investor, but it's wise to work with your own understanding. It saves you a lot while working in this business.

virasog

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Quote from: sunsilk on October 07, 2021, 02:04:25 AM

Quote from: Semar Mesem on October 06, 2021, 08:45:46 AM

I don't think it's panic but immediately get a cheap price because the price of bitcoin in 2 hours has gone up about 7%, I still remember when I wanted to trade with ethereum the price of bitcoin was around $50800 but after 2 hours now the bitcoin price was $54k,

There really are panic buyers. They only buy when there's an action for bitcoin and they don't buy if they see the price of bitcoin doesn't move a lot and that's why they don't have concrete plans and they're missing the dips because of that attitude towards the market.

Correct, people always panic buy and panic sell. I don't understand why they do so. Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money. Retail investors always fomo buy and later complain when they are in a loss.

sunsilk

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Quote from: Semar Mesem on October 06, 2021, 08:45:46 AM

I don't think it's panic but immediately get a cheap price because the price of bitcoin in 2 hours has gone up about 7%, I still remember when I wanted to trade with ethereum the price of bitcoin was around $50800 but after 2 hours now the bitcoin price was $54k,

There really are panic buyers. They only buy when there's an action for bitcoin and they don't buy if they see the price of bitcoin doesn't move a lot and that's why they don't have concrete plans and they're missing the dips because of that attitude towards the market.

Quote from: Semar Mesem on October 06, 2021, 08:45:46 AM

and this is a good signal to keep buying even though some say it's panic buying.

It depends if you think that the price is still quite low and you have a high price in the future with your projection then it's always a good time to buy. Like if you're targeting $100k.

Oilacris

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Quote from: Semar Mesem on October 06, 2021, 08:45:46 AM

I don't think it's panic but immediately get a cheap price because the price of bitcoin in 2 hours has gone up about 7%, I still remember when I wanted to trade with ethereum the price of bitcoin was around $50800 but after 2 hours now the bitcoin price was $54k, and this is a good signal to keep buying even though some say it's panic buying.

Panic selling doesnt really only happen on the time when the market is going down but also into the time on where they do seeing that theres some good rally which people do really see some FOMO.

As it suggest that people does really have the feeling that they shouldnt really miss out the train of possible bullish run but actually its better that they had done this action when it was still cheap

and not on the times that it is already going up.Well, this is a common behavior because everyone do really make actions according on their experience.

Semar Mesem

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I don't think it's panic but immediately get a cheap price because the price of bitcoin in 2 hours has gone up about 7%, I still remember when I wanted to trade with ethereum the price of bitcoin was around $50800 but after 2 hours now the bitcoin price was $54k, and this is a good signal to keep buying even though some say it's panic buying.

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Quote from: janggernaut on August 09, 2021, 06:11:24 AM

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!

I think very lucky their who panicked when buying bitcoins at $43K or those who bought at lower prices, by buying bitcoins at $43K alone they have made around $11K profit now, especially for those who bought at lower prices of course right now they are laughing and enjoying the money profiting from their courage to take the risk to invest in bitcoin at that time Grin

.

bakasabo

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Currently the market position is really appreciable . Bitcoin price reach more than $50,000. Everyone knows that the bull market is going to start soon.

What makes you believe that bull market is about to start? Bitcoin price has been above $50k for several days and a lot of people already predict a lingering growth. Exactly one month ago there similar situation. Bitcoin gained $3-5k in few days and hit <$50k, followed by a two huge dumps. Why dont you think this scenario will be repeated tomorrow ? Isnt it to early to start a panic buy? I would wait for Bitcoin to gain a foothold on $50,000+ level first. I think there is no use to rush to buy right now. If I really wanted to earn, I should have risked and bought when the price was close to $40k.

Ararbermas

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Not that much in my opinion because there's no big candles that can really tell there's a massive buyers behind since bitcoin gradually increasing . But yep bitcoin has a very stable support to increase. and it's very obvious tho, i mean despite of some fluctuation it can cope to increase back and make a consecutive higher highs after higher lows. which is instead of making correction it always continue climbing, so these a big sign that bitcoin will surge more.. Perhaps people will start panicking once they see it will tends to reach 60k. Lol

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Quote from: freedomgo on September 25, 2021, 01:09:49 PM

Quote from: janggernaut on September 19, 2021, 08:27:09 PM

Quote from: Shohanur on September 11, 2021, 03:05:17 PM

We can buy anytime and I believe in the power of bitcoin. It is a great investment in all time but we have to choose some special time also to get higher level of profit. At the time of panic sell, we need to buy more crypto.

Buy more crypto, but 95% on market are only shitcoin. Investing in bitcoin is the best investment ever, you can read how Michael Saylor described investing in BTC is the best investment ever since the ROI in BTC is far higher than GOLD. Buy and HODL is the best way

Buying and holding is a good strategy if you are not greedy enough to wait for a huge price. Those who are saying that they made a high ROI on bitcoin are those people who invested early, for the price of bitcoin now, a 1000% increase is unlikely in a short period of time, but for altcoins, a 10,000% increase is possible in the bull run.

You don't need to be early now, you can still invest as long as it's in bitcoin because this is the best investment with holders in the long term with the ROI that you will get, of course, it won't be as big as the initial investment.
In actual altcoins I am still a little doubtful even though this could be a double ROI but still the decline will be more severe and difficult to recover.
So the only way is in bitcoin which is widely recommended, especially in some books that suggest it.

MarjorieZimmermanGinger

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Quote from: janggernaut on August 09, 2021, 06:11:24 AM

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!

Right now is not the right time to make purchases of bitcoin, usually in conditions like this people take advantage of selling some of the existing bitcoins, bitcoin conditions continue to improve, so selling conditions are more stable even for the current bitcoin selling price is quite promising, don't panic with declining conditions the price that occurs in bitcoin, because bitcoin will actually recover and return to normal at a certain time, there is no need to worry too much about the correction that occurs in bitcoin.

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Quote from: janggernaut on September 19, 2021, 08:27:09 PM

Quote from: Shohanur on September 11, 2021, 03:05:17 PM

We can buy anytime and I believe in the power of bitcoin. It is a great investment in all time but we have to choose some special time also to get higher level of profit. At the time of panic sell, we need to buy more crypto.

Buy more crypto, but 95% on market are only shitcoin. Investing in bitcoin is the best investment ever, you can read how Michael Saylor described investing in BTC is the best investment ever since the ROI in BTC is far higher than GOLD. Buy and HODL is the best way

Buying and holding is a good strategy if you are not greedy enough to wait for a huge price. Those who are saying that they made a high ROI on bitcoin are those people who invested early, for the price of bitcoin now, a 1000% increase is unlikely in a short period of time, but for altcoins, a 10,000% increase is possible in the bull run.

janggernaut

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Quote from: Shohanur on September 11, 2021, 03:05:17 PM

We can buy anytime and I believe in the power of bitcoin. It is a great investment in all time but we have to choose some special time also to get higher level of profit. At the time of panic sell, we need to buy more crypto.

Buy more crypto, but 95% on market are only shitcoin. Investing in bitcoin is the best investment ever, you can read how Michael Saylor described investing in BTC is the best investment ever since the ROI in BTC is far higher than GOLD. Buy and HODL is the best way

Shohanur

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We can buy anytime and I believe in the power of bitcoin. It is a great investment in all time but we have to choose some special time also to get higher level of profit. At the time of panic sell, we need to buy more crypto.

Rasa nanas

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Quote from: janggernaut on September 05, 2021, 08:34:21 PM

Quote from: newwest on September 05, 2021, 01:37:02 AM

Around 30-35k was the best price available to accumulate the btc and people had ample opportunities during that phase. But those who were skeptical are now buying at 50k price range. But for those who continued to hold or bought at that time are now enjoying their portfolio grow and will continue to grow in coming time as well. Those who are buying now, continue to do in phases rather than buying all at once.

Almost all people were afraid to buy bitcoin around that price. Many speculators also said btc will go down to $20k or even $15k but it didn't happen. Now around $50k, people are likely start to buy again which if it drop, you will buy on the peak. That's why always do DCA to buy any coin which you can think profitable

most people think like that because at that time there was a bear market going on. many people think if the bear market that occurred in 2018-2020 will happen again at that time. but the reality is not like that, bitcoin only lost 50% of its high price and after that bitcoin price went up again.

Mkmanik

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Quote from: newwest on September 05, 2021, 01:37:02 AM

Around 30-35k was the best price available to accumulate the btc and people had ample opportunities during that phase.

I strongly believe that there will be another chance to buy bitcoin at this range. Maybe not 35k but the $40k level is very welcome. A healthy correction is needed for the upward movements. Also when Bitcoin will be a dump, It will be a good chance to buy some Altcoin at a cheap rate. altcoins follow Bitcoins, So whenever Bitcoin will dump altcoin also will dump.

Panic buy or sell is not good at all. In this way, traders/investors lost their money most of the time. Without a good Entry, exit, and stop-loss it's not a trade. It's like gambling to me. Every time I buy or sell, I use my own Technical analysis for that. Its works nicely, Trust me.

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Quote from: ShowOff on September 06, 2021, 11:00:03 AM

Quote from: janggernaut on September 05, 2021, 08:34:21 PM

Now around $50k, people are likely start to buy again which if it drop, you will buy on the peak. That's why always do DCA to buy any coin which you can think profitable.

Bitcoin can be bought at any price if the buyer wants to hold it long term. $50K may be a high price to buy at the moment, but we know traders can still profit simply because of price volatility. Bitcoin profitable for traders in the short and long term, but they must have a good analysis before placing an order.

You are not wrong however the people that are buying right now and that do not know what they are doing are doing this because they expect short term profits, they had months to buy for a price below 40k and yet they did not took advantage of this, but why is this the case? Because they were expecting an even bigger drop which never materialized, and even if it did it is fair to wonder if they would actually buy bitcoin or they will be too scared and will miss on the opportunity to do so.

ShowOff

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Quote from: janggernaut on September 05, 2021, 08:34:21 PM

Almost all people were afraid to buy bitcoin around that price. Many speculators also said btc will go down to $20k or even $15k but it didn't happen.

This is of course very natural for those who do not believe in the potential of bitcoin and also do not have sufficient experience in this field. Don't blame them because I'm sure they just don't want to lose the money they've worked so hard to accumulate in trading because they don't dare to take the risk. Forcing the urge to buy when bitcoin crash will only keep them from sleeping. So I don't think it's a mistake, but they just don't dare to take the risk it might take.

Quote from: janggernaut on September 05, 2021, 08:34:21 PM

Now around $50k, people are likely start to buy again which if it drop, you will buy on the peak. That's why always do DCA to buy any coin which you can think profitable.

Bitcoin can be bought at any price if the buyer wants to hold it long term. $50K may be a high price to buy at the moment, but we know traders can still profit simply because of price volatility. Bitcoin profitable for traders in the short and long term, but they must have a good analysis before placing an order.

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