People are panic buying right now! - page 5.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: coin-investor on August 29, 2021, 05:38:17 PM

Quote from: Dread Pirate Roberts on August 26, 2021, 06:09:48 AM

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

People especially newbies have a FOMO mindset they don't want to be left behind they are more confident in buying when the price is going up instead of buying when the price is going down when the best advice is to buy cheap and sell low, but they don't want to be positive when the market is going down, they don't want an opportunity to make a future profit and it will only happen when the market is in bear.

That usually results in a loss based on my experience, I also once was a newbie that has no idea the real situation inside the market, and just learn to be more patient and play the game right because I learn from my experience, so maybe they will learn from their mistakes not to be too emotional when it comes to investing, always use the mind as FOMO is always a great opportunity to sell, not to buy.

South Park

hero member

Activity: 2856

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Yamifoud on August 26, 2021, 07:22:20 PM

Quote from: South Park on August 26, 2021, 03:18:12 PM

Quote from: Cafex on August 22, 2021, 05:00:08 PM

Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.

But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.

Many people just come into crypto and started investing when the market is hot and it is hyped. I'm so doubtful about this idea but it looks like it was been a practice my most. And this could be the reason for many people are suffering losses and they just blame Bitcoin instead of blaming themselves as that was obviously their fault.
I don't know why, but this FOMO, panic buying are the things that we need to stop otherwise, we can never see good on us but just a losing ends.

It is going to be incredible difficult for people to stop this kind of behavior because as we know the markets are driven by emotions, so while in theory every single decision that you take in the market should be based on the information you have, the knowledge you have accumulated and the experience that you have as a trader or investor the truth is that most of the decisions that are taken in the market do not take into consideration any of those three factors and people only use their emotions, which is a clear mistake, but that is what people do.

pinggoki

sr. member

Activity: 1442

Merit: 390

★Bitvest.io★ Play Plinko or Invest!

Panic buyers and sellers will always be a part of the cryptocurrency ecosystem. Although of course, just because it happens a lot doesn't mean it's normal. Then again this is mostly caused by FUD brought about by most cryptocurrencies' high volatility rate, which always acts as a double edged-sword that could either rake in thousands of dollars for the investors or leave them penniless in one sitting. Honestly I grew tired of these people because no matter what happens they would always be there, most of them investing money they can't afford to lose which is a big no-no in investing.

Quote from: Kong Hey Pakboy on August 28, 2021, 04:57:13 AM

Quote from: Rajamuda on August 26, 2021, 11:30:58 PM

Panic buying sounds better than panic selling, sometimes price movements do make them out there feel regret and sometimes like getting the right predictions to get the results they want.
With price fluctuations that continue to occur as it is today, this is like a natural occurrence that makes Bitcoin more durable/long-lived and more in demand from various investors.

It's not better sounding because they're more likely FOMOing which is a bad thing because when they do that and bitcoin suddenly goes down, they'll be followed by panic selling which is definitely going to happen because I am sure that those people are easily influenced by short-term fluctuations of the market.

Honestly both are bad and wouldn't cause bitcoin any good in the long run, but both exist for a reason. They are there because they either can't afford to lose the money they invested on, or flat-out just FOMOing and FUDing their brains out causing them to do these things. Whichever it is, it is to be expected that once bitcoin reaches a much more stable state, they'd slowly lose traction on the market and would eventually fade out completely.

coin-investor

hero member

Activity: 2814

Merit: 571

Leading Crypto Sports Betting & Casino Platform

Quote from: Dread Pirate Roberts on August 26, 2021, 06:09:48 AM

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

People especially newbies have a FOMO mindset they don't want to be left behind they are more confident in buying when the price is going up instead of buying when the price is going down when the best advice is to buy cheap and sell low, but they don't want to be positive when the market is going down, they don't want an opportunity to make a future profit and it will only happen when the market is in bear.

freedomgo

legendary

Activity: 3080

Merit: 1144

Quote from: ?? on ??

Quote from: Kong Hey Pakboy on August 28, 2021, 04:57:13 AM

Quote from: Rajamuda on August 26, 2021, 11:30:58 PM

Panic buying sounds better than panic selling, sometimes price movements do make them out there feel regret and sometimes like getting the right predictions to get the results they want.
With price fluctuations that continue to occur as it is today, this is like a natural occurrence that makes Bitcoin more durable/long-lived and more in demand from various investors.

It's not better sounding because they're more likely FOMOing which is a bad thing because when they do that and bitcoin suddenly goes down, they'll be followed by panic selling which is definitely going to happen because I am sure that those people are easily influenced by short-term fluctuations of the market.

most who do that are greedy people who want a quick profit in the hope that the price of bitcoin continues to increase.
very true as you said the bad effect is when the market price is not as desired the price goes back down then they will panic sell and hold losses.
Trading is a matter that is full of consideration to achieve good results, not just following the market flow. Buying when prices are slowly high and selling when prices are falling is a big mistake that will cause a lot of losses.

Whatever we call other people, it does not matter anymore as most of us are greedy, we want to maximize our profit. At the end of the day, it boils down on how effective our strategy is, if it will result to a profit, then good, if not, then we have to accept and improve that strategy so we will survive being an investor or trader in the crypto world.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: Rajamuda on August 26, 2021, 11:30:58 PM

Panic buying sounds better than panic selling, sometimes price movements do make them out there feel regret and sometimes like getting the right predictions to get the results they want.
With price fluctuations that continue to occur as it is today, this is like a natural occurrence that makes Bitcoin more durable/long-lived and more in demand from various investors.

It's not better sounding because they're more likely FOMOing which is a bad thing because when they do that and bitcoin suddenly goes down, they'll be followed by panic selling which is definitely going to happen because I am sure that those people are easily influenced by short-term fluctuations of the market.

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

People who panic to buy, panic to sell also I figure so I'm waiting to see weakness tested. Lows this week were about the 200 day average which is an indicator not support by itself, we'll see if that was enough to end any negativity going forward.

This is just an idea but if we are to close below the trend (weekly closing bars) and it proves significant then we should move down more then just a little. Of course BTC always wants to prove me wrong or quite simply go sideways for extended periods of time which is about the same thing.
I'm told markets can correct not only through price but also through time meaning a trade can just out last out all speculators and eventually go upwards anyway despite displaying weakness at some time previous. Thats because many buyers deliberately spread out their buying to avoid spiking the market. Anyhow I think we remain strong but I want to watch for this break scenario just in case.

Fatunad

sr. member

Activity: 2198

Merit: 347

Quote from: BuNga_cute on August 27, 2021, 07:39:29 PM

Quote from: TheGreatPython on August 25, 2021, 02:33:45 PM

Quote from: BuNga_cute on August 24, 2021, 04:28:32 AM

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days, if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

Sometimes we don't appreciate what Bitcoin has achieved this year, I agree don't be too obsessed with the $100k price. Even if the $100K goal failed
to reach this year, it will someday be achieved. And it doesn't mean Bitcoin is bad if it doesn't reach the target we want. Because as long as we can
make a profit from investing in Bitcoin, that's something to be grateful for. As long as Bitcoin is still on the right track as it is now, I believe holding
Bitcoin is a profitable thing to do.

Normal for people do have this kind of common impression which we arent really that grateful on things that we had achieved now.If we do really compare those past prices then we could really
tell that we have reached too far but im not surprised that people wont really be that contented into those numbers that we are seeing as of this moment. Reactions and actions would be
made will be basing into their own perception and views towards things and this is where people do have different takings towards their investment
Some do panic buy and some doesnt really care at all.

BuNga_cute

full member

Activity: 1736

Merit: 116

Quote from: TheGreatPython on August 25, 2021, 02:33:45 PM

Quote from: BuNga_cute on August 24, 2021, 04:28:32 AM

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days, if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

Sometimes we don't appreciate what Bitcoin has achieved this year, I agree don't be too obsessed with the $100k price. Even if the $100K goal failed
to reach this year, it will someday be achieved. And it doesn't mean Bitcoin is bad if it doesn't reach the target we want. Because as long as we can
make a profit from investing in Bitcoin, that's something to be grateful for. As long as Bitcoin is still on the right track as it is now, I believe holding
Bitcoin is a profitable thing to do.

Rajamuda

sr. member

Activity: 924

Merit: 255

Panic buying sounds better than panic selling, sometimes price movements do make them out there feel regret and sometimes like getting the right predictions to get the results they want.
With price fluctuations that continue to occur as it is today, this is like a natural occurrence that makes Bitcoin more durable/long-lived and more in demand from various investors.

Yamifoud

hero member

Activity: 2702

Merit: 517

Quote from: South Park on August 26, 2021, 03:18:12 PM

Quote from: Cafex on August 22, 2021, 05:00:08 PM

Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.

But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.

Many people just come into crypto and started investing when the market is hot and it is hyped. I'm so doubtful about this idea but it looks like it was been a practice my most. And this could be the reason for many people are suffering losses and they just blame Bitcoin instead of blaming themselves as that was obviously their fault.
I don't know why, but this FOMO, panic buying are the things that we need to stop otherwise, we can never see good on us but just a losing ends.

MarjorieZimmermanGinger

hero member

Activity: 1302

Merit: 714

Quote from: janggernaut on August 09, 2021, 07:11:24 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!

Panic will make people take wrong decisions, which are not based on proper study and analysis according to the sources and facts that occur, so that panic makes people increasingly unable to think well about whatever they are thinking.

Today bitcoin has given a big surprise to all cryptocurrency connoisseurs and investors, bitcoin will have a good time at the end of this year, even many people have predicted the end of the year bitcoin will reach 1 trillion, this is really fantastic for everyone who invests in bitcoin.

carlfebz2

hero member

Activity: 2926

Merit: 722

Quote from: ?? on ??

Quote from: Dread Pirate Roberts on August 26, 2021, 06:09:48 AM

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

Currently there is no panic buying or selling the market. I think the current pump and dump of prices is mostly due to the whales or exchanges liquidating people. In marco terms, big players are holding and they wont sell in panic.

Really hard to point out specifically considering that buyers could neither be those typical investors or something like that and panic buying or simply FOMO could only be determine if quite obvious or evident
when you do hear up soo much noise in the community

but for now we do see its really silent and its just like an ordinary day and if you do really mean to take advantage of the movement then its up to someones experience and skills
on trading.

You should know on how to position yourself so that you could potentially make out some profits.

South Park

hero member

Activity: 2856

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Cafex on August 22, 2021, 05:00:08 PM

Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.

But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.

Dread Pirate Roberts

sr. member

Activity: 1484

Merit: 326

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

lixer

hero member

Activity: 2492

Merit: 586

Quote from: STT on August 25, 2021, 09:02:49 PM

Yep its not FOMO froth action, its more steady then that and we are still moving through the slow moving traffic of prior volume at these price ranges. When or if we get free of any restraint then things become a little loco most likely which is rollercoaster type action but this isnt quite it.
We are recovering from a pullback to weekly average and just regained 2 day average and rising above that still.

Yeah, ever since this topic started the price of bitcoin kept going up, and I have to say that I find it interesting and funny because it is obvious that we are not going to keep on buying right now because of panic because the price is actually going up and should be making a profit based on the correct assumption that price went up, not just panic buying.

Panic buying should be said to people who end up buying bitcoin because they saw it go up, and they got panic to buy it, but if the price actually goes up and makes people profit then why would we call it panic, it was a correct decision to buy bitcoin because we made money from it as well. I wish I had more money that I could have used to buy more bitcoins, I still do not have nearly as much as I want to, I want to own 1 full bitcoin and I have a long way to go there and when it was lower at 30k levels it would have been awesome to buy more.

STT

legendary

Activity: 3878

Merit: 1411

Leading Crypto Sports Betting & Casino Platform

Yep its not FOMO froth action, its more steady then that and we are still moving through the slow moving traffic of prior volume at these price ranges. When or if we get free of any restraint then things become a little loco most likely which is rollercoaster type action but this isnt quite it.
We are recovering from a pullback to weekly average and just regained 2 day average and rising above that still.

hello_good_sir

hero member

Activity: 1008

Merit: 531

Indeed, I have a few friends who are just getting into bitcoin seeing the recent resurgence.

Be fearful when everyone else is greedy. Even though I am a long term believer in Bitcoin, I think that it'll be a matter of time before this bull market comes to an end and a lot of overleveraged traders get wiped out.

It's okay if you're buying right now, just make sure that you control your investment sizes through Dollar Cost Averaging.

OgNasty

donator

Activity: 4718

Merit: 4218

Leading Crypto Sports Betting & Casino Platform

I’m not feeling the FOMO yet. There’s still plenty of bears out there and we’re likely still 2-3 months away from an ETF approval. Wait until Halloween if you want to see what FOMO looks like. You’ll be reading about people mortgaging their house and taking out private loans to buy Bitcoin. I think we’ll see a >$10,000 gain in a single day before this is all over.

TheGreatPython

sr. member

Activity: 2450

Merit: 329

Quote from: BuNga_cute on August 24, 2021, 04:28:32 AM

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days, if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

Topic: People are panic buying right now! - page 5. (Read 1809 times)