People are panic buying right now! - page 7.

BigBos

sr. member

Activity: 1974

Merit: 450

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

well, actually at this time the price of bitcoin has not reached the price of $48k, and is still up and down in the range of $44k to $47k. however, its speed to rise is quite fast, and it means that quite a lot of people are buying bitcoins in a short period of time. With this in mind, there is a high probability of hitting $50k in these 10 days before august ends.
well, for those who haven't added stock, I think they are currently trying to raise funds to buy bitcoins.

Erdogan

legendary

Activity: 1512

Merit: 1005

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

The mood looks positive and I also predict that the bull run will last at least until the end of the year. However, we cannot be arrogant in this. Remember that the cryptocurrency market is very violatile and anything can happen. We can speculate, but we should also have a bit of humility, because there was many large investor that has lost because of such confidence to predictions.

janggernaut

legendary

Activity: 2394

Merit: 1131

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

dunfida

legendary

Activity: 3122

Merit: 1140

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.

People would neither sold or hold their coins according to their needs and preference since not all would really be having that kind of level of patience into holding into something for 3 years or more but i do agree that there are people who could do such thing but this doesnt really apply to all.We do have our own choices and jurisdiction in comes to that manner.

Panic buying is something that can be considered as FOMO.Do it usually happen? Everytime there some increase then it cant really be avoided to presume or having impressions that it might be the start of a bull run.

If percentage rise was significant then its the time on where those observers would taking up some action or making their position.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

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.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

The BTC Market is giving many turns so that it does not look boring, because the bulls tried to reach the price of $ 48k but they were obtained with a lot of offer and therefore the price went to $ 46k, it is likely that it can push as soon as the supply decreases:

Quote

If buyers cannot hold above the moving average EMA55, then the decline may continue to the support of $44,000.

Fuente: https://u.today/btc-ltc-and-ada-price-analysis-for-august-17

For now it is a great time to wait, the volume is growing and it is a good sign, everything indicates that there may be an important movement, however in my personal opinion it would be in Hodl mode and I would look for a way to buy, it does not matter if the price falls , because I have the conviction that it will rise.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: Boov on August 16, 2021, 05:30:10 PM

They're not really in panic, but what's ending up was both bull and bear market competes so intense. Maybe there's slight panic buying when price started to show rapid increase, but that doesn't mean we're going to trust the market 100%. We still have to consider possible crashes, and I think it's not easy to control because our emotions was too weak specially to new traders who risked their money without knowledge.

HODLER trusted the market 100% lol and who is the most successful people in crypto ? those are they , the one that keeps the holding even there is a pump and dump.
yeah there are some who earns in buying and selling but there are also many losers.
while the hodlers keeps earning now and then , they even made thousand multiplied since the buying happens from earlier as 2010.
so never mention not to trust the market 100% because you are completely wrong, it will be depending on your strategy , if you cannot keep the funds longer then do Short term trading but for those who can keep the coins? lol they are the winners .

bakasabo

legendary

Activity: 2492

Merit: 1215

If I look on buy and sell candles on trading chart (on coingecko) with 1D interval, I see that the candles are practically identical to what they were in July. Reminder - in July Bitcoin price was around $30-35k. From that, I can say that volumes has increased a lot and people are panic buying, because they expect a rapid growth. Comment please on my notice if I'm wrong.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: stadus on August 16, 2021, 10:13:54 AM

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.

It's only FOMO if don't have a realistic target to sell, it's still good to ride even if the price is pumping because, in short term, you can be profitable with good timing. With how the price is moving now, it really gives the impression that a bull run is still here and we might again see a big run in the last quarter of the year, just like last year.

Yeah its good to ride if they have experience to do such thing but if they are newbie and just been hype for the current situation for sure they will left behind without knowing their next plan if the market suddenly collapsed. But for veterans these kind of situation is a gold pot since they have target price to sell when market is currently running so good or been hype by certain institution. That's why we need to learn many things if we want to trade since some other technical stuff would really help us to define the possibly outcome of market in certain days.

Boov

sr. member

Activity: 868

Merit: 256

They're not really in panic, but what's ending up was both bull and bear market competes so intense. Maybe there's slight panic buying when price started to show rapid increase, but that doesn't mean we're going to trust the market 100%. We still have to consider possible crashes, and I think it's not easy to control because our emotions was too weak specially to new traders who risked their money without knowledge.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: chikading2016 on August 16, 2021, 04:18:56 PM

As expected people are really doing panic buying everytime when the price start to rise, it is still profitable but not as much as the profit that we can get when we buy on dip example of dip is the price of btc from 2018 to 2020. However we can still buy it today but there is small risk due to the continuous rising of the btc price.

As always and its a common behavior and nothing surprising. 8)People would make out some panic buying when it starts to climb up without even minding about possible bull traps.

Even myself do still really have this kind of behavior too because its never been easy to look for the possible bottom but due to some technical analysis then you could really make out some presumptions.

This is where risk management do matter which would be entirely be different to each trader/investor.Act according to your knowledge and some mix of gut feeling.

chikading2016

member

Activity: 949

Merit: 48

As expected people are really doing panic buying everytime when the price start to rise, it is still profitable but not as much as the profit that we can get when we buy on dip example of dip is the price of btc from 2018 to 2020. However we can still buy it today but there is small risk due to the continuous rising of the btc price.

STT

legendary

Activity: 4102

Merit: 1454

FOMO froth is not especially apparent right now, we do have momentum with some resistance it could pullback moderately and still remain bullish. Just waiting to see which way it'll go, Dollar index isnt doing much but general market has some apathy as to further gains possible.

Most obviously if we do trade below 200 day then 42k is about my near term target downside and I still think thats just a wavering situation rather then especially negative or harsh rejection of these higher prices.

BobK71

hero member

Activity: 2128

Merit: 655

Leading Crypto Sports Betting & Casino Platform

In crypto market it is very difficult to control individual emotions. Here panic means that we have no trust in the market . Neither panic sale nor buy can be expected. To do better you must enter the market early.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: anti-dot on August 13, 2021, 06:51:00 PM

Yes but psychologically new levels have already been established in the $60k range. Bitcoin always went back to where it came from relatively easily once it gets going. People know that $65k is not impossible because we have already been there. They'll analyze the past and might think, well if we go back to $65k this time we can go make it seven figures. Every ATH, even if we crash right afterwards, still leaves positive impressions in the minds of investors. In the beginning they think we can never reach that level perhaps, but if you were there once, it can be and will be done twice. The market is far from saturated and there are so many more people who do NOT own Bitcoin yet.

There are still lots of people who are not into this business, if more will see the benefits then yes

the value will continue to rise, currently we are moving good and the market still bringing good amount

of profits to those who managed to buy at the bottom, they have good profits now.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

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.

It's only FOMO if don't have a realistic target to sell, it's still good to ride even if the price is pumping because, in short term, you can be profitable with good timing. With how the price is moving now, it really gives the impression that a bull run is still here and we might again see a big run in the last quarter of the year, just like last year.

ultrloa

legendary

Activity: 2758

Merit: 1228

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.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

This was the problem sometimes if the price is on dip no one wanted to buy because they expect a continuous dip it is normal because no one wanted to loss, that is why only experienced person gain a huge amount of profit because they always considered dip as a great opportunity of buying. People who do panic buying is the people also who do panic selling they are newbies and if they doesn't change their strategy they will always loss.

same old story. what can we expect from the people? if it is down, people are afraid to buy, but once it goes up, they will regret that they haven't bought when it was in dip. but for those true believers, they will see a very good opp when it is in bearish market. but of course other than btc, you also need to look for valuable coins that will recover once the market is green. users here will learn their lesson thru time. newbies will not forever be newbies, they will learn their own lessons and will use it to continue their journey. however, some will turn away esp those who lost their lifetime's savings.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Quote from: janggernaut on August 13, 2021, 06:48:32 PM

Bitcoin sitting $47,600 right now. Who did said this wasn't panic buy?

We are close to next crazy bull run, and it isn't not a surprise if BTC will be broke last ATH at $64,400. When that time comes, those who said this is not a panic buy will regret didn't accumulate when bitcoin was below than $50,000 or even when it was only $30,000. Grin

It's going to be close to insanity now that bitcoin has stood above $47k likely at the end of august there's something better in the face of the bullrun so i think the madness must have been pump-wide, (i know it's just my speculation) but i guess there's so that's not to miss in panic buying so they continue to intensify the price is still under $50k because the true ATH before it will surely be reached again soon.

Not sure to $30k again we are just waiting for a moment of correction or $43k after that I will set a lot of stacks for bitcoin.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: EdenHazard on August 14, 2021, 01:11:31 PM

Quote from: asrinur on August 14, 2021, 02:42:02 AM

People are so excited about the prospect that bitcoin is bringing up these days. Especially with the prediction that bitcoin could rise to $100,000 over the next decade. Hence the reason why people are competing to invest in Cryptocurrencies. Because when the price of bitcoin soars, people who have coins are certainly happy, on the other hand, when the price goes down, not a few people see it as an opportunity or a loss.

some peoplr aware that the price of bitcoin could go up $50,000 when bitcoin price was only $500 including me.
but cant resist to go all in sell them all at $10,000 , and guess what.. we bought them all again at $20,000 but the price goes down to as low as $3k back in early 2020 , mathematically we are still in profit but shit happened and cant buy more when it was dropped to $3k , in the end situation forced to cut the lossess on $5k..

we can only watching now no matter it is a FOMO or whatever.. bitcoin will always worth to buy in any price if you are a believer.

Definitely because if you are just willing to hold, you will surely find an opportunity to sell at a good profit. Bitcoin hit $60,000 already, we thought that $100K is just too much for just a short period of time but we were surprised in the past bull run, so there's no reason to discount the success of bitcoin and we should still continue to be bullish so we will not be surprise again.

Topic: People are panic buying right now! - page 7. (Read 2043 times)