People are panic buying right now! - page 8.

EdenHazard

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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.

Roidz

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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

Everyone will want to buy it when the price is cheap, but they are worried the price will go up or not, and in the end they can only regret and say to themselves if they had bought they would surely have made a big profit now Grin

, and usually those who do not dare to take risks will always be filled with fear in investing and in the end they end up with long regrets.
In my opinion, even though the price of crypto in the market is now starting to improve, of course there is still an opportunity for us to buy altcoins or bitcoins, because currently bitcoin has become an investment asset that is favored by many people and the possibility of price increases can still occur in the future.

asrinur

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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.

anti-dot

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Quote from: Golftech on August 12, 2021, 03:32:17 PM

Quote from: rincoeng1986 on August 12, 2021, 11:56:04 AM

Quote from: ?? on ??

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

now the bitcoin chart shows a downward flow, seems to be undergoing a price correction. Is this caused by their panic selling, if it is. it becomes a countercurrent, one sharp current vying to buy and another vying to sell. we are a little confused who will be the winner. let's see tomorrow the price of bitcoin is back in the pump or back in the dump!

It happened when weekends were almost there, those who earned are now securing their profits. Plus those that

fears to lose more are also cashing out for much lesser losses. It's difficult to conclude if what directions.

the market will go, all depends on how you understand the situation.

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.

janggernaut

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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

South Park

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Quote from: rhodelmabanal on August 11, 2021, 06:31:49 PM

Well most of the people are really panic buying right now. I think it is a very late action, but it is better than nothing, I am also not buying that time, but for now I will buy few amounts and I really do hope that btc will continue to rise up high before this year end. It is a little bit risky right not but I believe that risk comes with a profit if we didn't take the risk we also didn't earn and that's what crypto is.

They are late if they are only thinking on the very short term, but even if they plan to hold only to the end of the year I think they still have huge chances of making good profits if they can hold for that long, while those that are planning to hold for years or even decades are making the best investment they could possible make during their lifetimes, as it does not really make a lot of difference if you bought at 44k or 45k if the price of bitcoin during the next decade reaches one million.

jostorres

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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.

People should realize that buying bitcoin is good at any price, not just this price. I understand that buying at 64k looks like a bad deal right now, because you could have bought less than 50% of that which is why people think it was a bad idea. However, if you look at the bigger picture, buying at 20k was seen as a bad idea because it dropped to 3k at some point, which made more than 20x return afterwards, and yes if you could make 20x return that’s great, but even 20k made 3x in few years, so I do not think that it is totally bad neither, it is just bad in comparison and that’s it, being bad in comparison doesn't equal to being bad directly.

I honestly believe that we should be looking at the bigger picture, even at 64k, one day we are going to see that bitcoin will be 200k+ and everyone who bought at 64k and waited will be in big profit as well.

dragonvslinux

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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!

Panic buying? Not convinced. Any traders buying in are likely doing so, but long-term investors have been waiting patiently for confirmation of the trend change in order to avoid high-risk investing scenarios. Getting above the 200 Day MA is one thing, a Hash Ribbons buy signal that we haven't seen since sub $20K is another. Especially when it's after the most aggressive miner capitulation since 2012! This is just the beginning, it's not about missing $30K, it's about missing the current uptrend.

Roidz

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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 only novice traders are panicking in the current price conditions, while for experienced traders who also strongly believe in bitcoin, of course they are currently enjoying the benefits of daring to buy bitcoin prices when they were down some time ago, of course when bitcoin prices in a stagnant position like now, of course it will be risky for us to buy it because the price of bitcoin can move in any direction suddenly either up or down.

Clavulanic

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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 just a temporary spikes that we encountered few hours ago, that doesn't actually a 100% panic buying, and I think those were just day traders trying to grasp the opportunity but eventually price went down to $44k.
On this stage, the correction happened that's why we're hoping that price would immediately recover after that scenario. During this fall I must say accumulation should be a good options to do now.

Mahanton

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Quote from: Golftech on August 12, 2021, 03:32:17 PM

Quote from: rincoeng1986 on August 12, 2021, 11:56:04 AM

Quote from: ?? on ??

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

now the bitcoin chart shows a downward flow, seems to be undergoing a price correction. Is this caused by their panic selling, if it is. it becomes a countercurrent, one sharp current vying to buy and another vying to sell. we are a little confused who will be the winner. let's see tomorrow the price of bitcoin is back in the pump or back in the dump!

It happened when weekends were almost there, those who earned are now securing their profits. Plus those that

fears to lose more are also cashing out for much lesser losses. It's difficult to conclude if what directions.

the market will go, all depends on how you understand the situation.

And we do have our own decisions towards our investment and not just really relying upon others ideas and sentiments because no matter how good it is still all random and no one could ever predict on where it would be going and this is why it is much better if you do make your own decision and would follow it because targetting the bottom is always been a question on where anyone couldnt really able to guess on where it would be heading.When there's time of FOMO then it turns out that people are really that in a hurry on not to miss out profits without even realizing that possible bull fakeouts could be there.
So we should be still be careful.

EdenHazard

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Quote from: ?? on ??

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

that is very normal to witness the ups and downs of investor / trader confidence especially when it comes to a huge world sentiment..
facebook to accept crypto/create their own cryptocurrency for instance > the market reacted well towards greenline,
and now amazon planning to accept bitcoin / crypto by the end this year ...a huge boosting! market reacted very well so far and the bull run is justt get started before its going to have a quite big correction, a hard one.

mostly, a newcomer didint see this coming, they didnt anticipated it and the panic buying are inevitable.

Golftech

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Quote from: rincoeng1986 on August 12, 2021, 11:56:04 AM

Quote from: ?? on ??

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

now the bitcoin chart shows a downward flow, seems to be undergoing a price correction. Is this caused by their panic selling, if it is. it becomes a countercurrent, one sharp current vying to buy and another vying to sell. we are a little confused who will be the winner. let's see tomorrow the price of bitcoin is back in the pump or back in the dump!

It happened when weekends were almost there, those who earned are now securing their profits. Plus those that

fears to lose more are also cashing out for much lesser losses. It's difficult to conclude if what directions.

the market will go, all depends on how you understand the situation.

Fortify

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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 wish anyone who holds Bitcoin well, but it the value in it is already very saturated compared to many altcoins out there. It is much easier to move 1000% starting from a very low base in another cryptocurrency, than it is for Bitcoin to move every 5% upwards with its total market capitalization in the trillions already. There will always be a strong demand for all these assets while money is cheap - every government is printing money like crazy right now due to the pandemic, however one the monetary belt starts to tighten we might see cryptocurrency being one of the bigger victim as people flee back towards the traditional safe havens. Will Bitcoin prove itself as one of those safe havens in future? Who knows.

bakasabo

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Quote from: ?? on ??

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

They wont go here. Usually people dont go to forums to complain how they have sold their assets for a price lower than they've bought. They will keep that their loss in private. Part of people come to this forum just to complain how they got scammed or seek for a miracle advice that will make them rich.

LUCKMCFLY

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There will always be people who buy in a panic, this is something that cannot be stopped, however there are many who are taking advantage to buy in the dip, many analysts see that BTC can even fall to $40k and the maximum they put it at $ 55k, this is relative, according to this analysis they show the following:

Quote

“Either we’re going to smack through it, and we’re running towards $55,000, or we’re going to not hit it and just reverse from here towards the low $40,000s, maybe high $30,000s.”

Source: https://cointelegraph.com/news/bitcoin-loses-4-in-challenge-to-bulls-push-for-50k-watch-these-btc-price-support-levels

Some whales hope that many more will panic, in fact, the whales are able to see the price and have it at $ 30k just to buy cheaper, however everything is in those who can withstand this fall, which is normal for it to occur.

rincoeng1986

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Quote from: ?? on ??

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

now the bitcoin chart shows a downward flow, seems to be undergoing a price correction. Is this caused by their panic selling, if it is. it becomes a countercurrent, one sharp current vying to buy and another vying to sell. we are a little confused who will be the winner. let's see tomorrow the price of bitcoin is back in the pump or back in the dump!

bryant.coleman

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I was expecting this. When the prices went down as a result of the mining ban in China, there was a lot of panic and FUD. After the ATH was attained ($64,000 per coin), the prices fell steeply to $28,000. Those who kept the purchase target at $30,000 were able to accumulate BTC at cheap rates. On the other hand, those who waited for further lower rates were disappointed. And the recovery was very quick. The prices rose from $28,000 to $45,000 in a matter of days. Those who were waiting to purchase coins didn't even got time to modify their buy orders.

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Quote from: Renampun on August 12, 2021, 02:15:40 AM

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 always do, buy when the market is green...

the crypto market is still filled with those who only follow fomo. the best time to buy is when the market is dip, but they don't do that because they don't have the knowledge and belief in Bitcoin. but those who buy btc at this time can be said to be quite lucky because the price of bitcoin has not reached $ 100k.

This is how the common mind of people work. When the market is at the bottom we fear it might go down and we won't be buying. When the market is on the bullish side people buy feeling we might miss the opportunity to buy low anymore. There were more predictions about the market reaching $100k this year, and the market now is growing in a much stabilized manner. The next update with bitcoin is said to be a game-changer. Better to invest before that takes place.

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Quote from: rhodelmabanal on August 11, 2021, 06:31:49 PM

Well most of the people are really panic buying right now. I think it is a very late action, but it is better than nothing, I am also not buying that time, but for now I will buy few amounts and I really do hope that btc will continue to rise up high before this year end. It is a little bit risky right not but I believe that risk comes with a profit if we didn't take the risk we also didn't earn and that's what crypto is.

he's right bro, it's better to buy now than to have to wait for another price correction to the price of $30,000. because it's risky for sure if the price of bitcoin goes down again. but I think the price of bitcoin will continue to rise, as the rumors behind it are very convincing that bitcoin will break at the price of $ 60,000 after yesterday was dumped at the price of $ 30,000.

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