People are panic buying right now! - page 6.

doomloop

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Quote from: anti-dot on August 23, 2021, 03:44:06 PM

Where exactly do you see the high pace you are talking about? It just turned decently positive. That is what I would call it when you consider it from crypto's history and what pace we have seen before. There were days where the whole market jumped over 25% and that is what I call high pace. For individual coins it was much harder sometimes, they did several double ups in a day.

Yeah, but you must also factor in the fact that with the market cap getting bigger each day, it is not possible to see the same growth rate now as we are probably used to seeing from past years.

I give you a small example to explain.

If the market cap is $1000 for a coin, it only takes a $1000 "need" in the market to double the price. If the market cap is $10,000 the same need of $1000 will only help the price by 10%.

I hope this makes sense, I am not sure if the example is accurate but it should suffice to explain my point.

lizarder

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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!

It's not a good analysis if people say bitcoin this year will go down, even if people can make a bitcoin study from month 1 to now, then there is no logical reason that bitcoin will go down, or indeed because panic makes people unable to properly analyze the condition of bitcoin This year. .

I started doing a little research on bitcoin in the 2nd month, at that time there was no fast movement given by bitcoin, but I still believe bitcoin will give a surprise in the 6th, 7th or 8th month, today this research has been proven and I have convey before in this forum.

dezoel

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Quote from: Cafex on August 22, 2021, 04:00:08 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.

I don't support buying just because of the Fear Of Missing Out either but for Bitcoins, I think it might be a good mistake to make. The price of Bitcoin might swing down once again after a good run but there is genuinely no reason or valid argument one can make against the true value and worth of Bitcoins in the future.

In 2017, when the price went so high and some people purchased at the peak point, it was termed as a foolish mistake of buying at the peak. But look back now and you will still come out in profit if you only held strong through all these years gone by and the same will happen in the future.

zanezane

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Quote from: darkangelosme on August 24, 2021, 11:42:25 AM

I think this is not the right time to buy some any crypto as of moment August 24, 2021, 04:34:17 PM forum time the Bitcoin right now is slowly decreasing and it will continue till October in my opinion. So it is much better to hold our funds right now and invest at the right time. But it is up to you on how you will gonna manage your funds it is just my opinion only.

That's right, depends on your own calls, that's your opinion and we don't know what's going to happen yet so better to wait. I think that we should also be careful and not sell anything yet because you might end up missing out on much bigger profit.

slaman29

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Quote from: janggernaut on August 23, 2021, 12:31:06 AM

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

For a few hours but not completely conquered it in a day, I have to say. Not that it will take much longer. The bears will look at this with a lot of fear, how even at failure to break important resistance the pullbacks are not so far away.

I wonder how many bears have turned into buyers at this stage, and how many more at 63000...

darkangelosme

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I think this is not the right time to buy some any crypto as of moment August 24, 2021, 04:34:17 PM forum time the Bitcoin right now is slowly decreasing and it will continue till October in my opinion. So it is much better to hold our funds right now and invest at the right time. But it is up to you on how you will gonna manage your funds it is just my opinion only.

BuNga_cute

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Quote from: lenovop-70 on August 23, 2021, 07:49:31 AM

Quote from: janggernaut on August 23, 2021, 12:31:06 AM

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

Seem optimistic it will be $100k this year, and gladly i have some Bitcoin when it was $45k several week ago. Look like this year full of surprises and i hope it will continue positively to around $52k as our next resistant.

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.

justdimin

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Quote from: janggernaut on August 23, 2021, 12:31:06 AM

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

It's kind of funny that people panic and pull down the price of coins they hold themselves and now they are being a victim of the price hype and buying something for a higher price than they usually should have bought at. I can't comment if the price is good enough to buy or sell but as an investor, we must not panic once the market crashes slightly because us selling only makes the crash worst.

Quote from: ranaprime on August 23, 2021, 09:30:14 AM

Since the bull market is going on, there must be panic buying. However, there is no doubt that BTC will set another new record. The market is getting better and better. Panic buying or selling both are prohibited but strategy is yours,how you are applying it.

I hope we see a new ATH and even 100k before the end of this year but the point I am trying to make is that people should have some patience. Either we buy because of the FOMO or we sell because of the panic.

anti-dot

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Quote from: Cafex on August 22, 2021, 04:00:08 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.

Where exactly do you see the high pace you are talking about? It just turned decently positive. That is what I would call it when you consider it from crypto's history and what pace we have seen before. There were days where the whole market jumped over 25% and that is what I call high pace. For individual coins it was much harder sometimes, they did several double ups in a day.

ranaprime

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Since the bull market is going on, there must be panic buying. However, there is no doubt that BTC will set another new record. The market is getting better and better. Panic buying or selling both are prohibited but strategy is yours,how you are applying it.

lenovop-70

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Quote from: janggernaut on August 23, 2021, 12:31:06 AM

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

Seem optimistic it will be $100k this year, and gladly i have some Bitcoin when it was $45k several week ago. Look like this year full of surprises and i hope it will continue positively to around $52k as our next resistant.

janggernaut

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Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

Cafex

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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.

Oceat

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Quote from: Oilacris on August 22, 2021, 03:15:50 PM

Panic buying or Fomo.. Panic selling when there's Fud and as a trader then you should know on how to ride off with the waves and take advantage with it.

How exactly do you wanna do that?

Well, for me, if there's an opportunity to buy during the dip I always grab it and if there's a chance to sell when the price is high I always take my profit. I think this is what the waves you are talking about. It's not that effective if you are a daily traders because the market price often move high each sometimes it takes more than an hour before it changes to a profitable price.

Anyway, my question is why do people starts to fomo when the price is already high instead of buying when it's cheap? This is always happening everytime Bitcoin price started to pump they are all helping the whales to gain more profit than they do.

Oilacris

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Quote from: Golftech on August 22, 2021, 02:54:29 PM

Quote from: South Park on August 22, 2021, 02:02:43 PM

Quote from: janggernaut on August 19, 2021, 08:54:27 PM

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

They are more afraid seeing their investment losing value, instead of thinking positively and buy more coins to hold.

Traders always finding profits but most of them always love to doing quick one but those who can manage to take

a hold and wait for longer time they are the one who will earned a lot.

Really hard to tell that they should stay positive because if you are into their situation then you would definitely be doing the same.Why? we are just human beings and we do easily get affected into these kind of situations

and its truly inevitable even professionals or experienced ones would really be having the same problem specially when we are just starting up with this market then its really hard to handle out everything in first time.

Panic buying or Fomo.. Panic selling when there's Fud and as a trader then you should know on how to ride off with the waves and take advantage with it.

Golftech

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Quote from: South Park on August 22, 2021, 02:02:43 PM

Quote from: janggernaut on August 19, 2021, 08:54:27 PM

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

They are more afraid seeing their investment losing value, instead of thinking positively and buy more coins to hold.

Traders always finding profits but most of them always love to doing quick one but those who can manage to take

a hold and wait for longer time they are the one who will earned a lot.

South Park

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Quote from: janggernaut on August 19, 2021, 08:54:27 PM

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

anti-dot

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Quote from: South Park on August 17, 2021, 04:24:31 PM

Quote from: ultrloa on August 16, 2021, 07:01:42 AM

Quote from: ?? on ??

Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.

At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.

But this is where a high number of potential buyers might get excluded if they can't afford to hold for 3 years. You are right given the statistics no doubt about that, but we won't have these amazing returns anymore. Bitcoin going from $1000 to $1000 was more likely then Bitcoin going from $50000 to $500000. It's tougher to invest now depending on the returns you are looking for, but these outstanding returns are less likely. Most can only afford a fraction of a Bitcoin and that might also feel different and somewhat depressing. No idea, we will soon find out where we are going.

janggernaut

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See? Heading $50,000 is very near right now as bitcoin touched $48,500 instead goes down to $40,000 or lower.
Whoever bought bitcoin when there was many FUDs, you are deserved to earn huge profit right now just by sitting and waiting bitcoin hit new ATH. Congratulation!!!

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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 have always discussed bitcoin, almost every time I advise people to make a purchase, but at certain times people say bitcoin will go down at an unwanted number.

This month proved what we often discuss, that bitcoin will still be at a very good value, even if the fall is only temporary, I think people will regret this incident, if at some point in time they can't take advantage of bitcoin at that time.

Topic: People are panic buying right now! - page 6. (Read 2043 times)