Stop the panic, I doubt we will see 14k or less Bitcoin - page 11.

aylabadia05

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Quote from: Guessti on November 11, 2022, 01:13:16 PM

Literally articles are flooding saying the bottom isn't here etc etc.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.

We won't panic about the situation because what we store and hold is Bitcoin.
We are not worried about the current Bitcoin price because the current situation is part of the market activity.
Now the price of Bitcoin is still at $16.6K. With the various narratives that have been born from people experiencing panic, I invite you to return to the market in the next few years. We'll see what happens.

Quote

Stop the FUD.

Without further ado, this is what we have to do.

STT

legendary

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As a spike down at least I do expect to see a final low. The price action since the recent sell off has more sideways then a proper full recovery. Its staying inline with 2 day average but if we continue I think it gets pressured to check price action below for support and confirmation before rising.

YOSHIE

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Quote from: Guessti on November 11, 2022, 01:13:16 PM

Fear. Uncertainly. Doubt.

Only for those who dare to take risks in the world of crypto, who know who dares and don't hesitate to speculate.

For this reason, it is highly recommended for crypto users when situations like this are prioritized to buy Bitcoin / crypto with cold money, in principle, many crypto users are taking risks to speculate on crypto at this time, I'm sure many are taking a chance in the current situation, whether they buy Bitcoin or invest for a certain period, even though what they do is uncertain in the future.

Bottom line: anything can happen in the crypto market, without the knowledge of many people in general, what will happen in the future, for that having principles and beliefs is very important at this time, to avoid panic.

wmaurik

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Quote from: fzkto on November 15, 2022, 10:08:35 AM

Panic easily causes a lot of selling not just in the cryptocurrency world. For example, a simple tweet about a pharma company that might experience problems with some drug component could crash the share price by more than 30%. Likewise Elon Musk could manipulate the price of DOGE, or say for example that Tesla will sell all their bitcoins, which could further affect bitcoin. Panic is a good tool for the whales who use it to their advantage.

In fact, panic is the main weapon often used by whales when they want to buy more valuable assets in the market, but it will only affect people who still do not understand and also lack experience in reading and seeing certain situations. So that it is so easy to release existing assets into the market without any consideration. And usually when panic arises for some people, they also often experience the fear of losing more money through the decline in the price of their assets, so they choose to sell.

Guessti

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Quote from: Fundamentals Of on November 16, 2022, 10:06:02 PM

Quote from: Guessti on November 16, 2022, 12:24:23 AM

Quote from: Fundamentals Of on November 15, 2022, 10:26:29 PM

That the FTX debacle will affect Bitcoin's price is no FUD. So it is a possibility that the price could indeed fall down all the way to $15,000 because of the effect of FTX's bankruptcy.

This will have a big effect on the market because FTX shutting down doesn't just mean an exchange has died. FTX is one of the top crypto exchanges in the world and it has so many arms. All of them are facing bankruptcy. Since FTX and Alameda are big crypto institutions, it is expected that their fall also means the fall of other crypto companies and institutions that have big amounts of money kept there.

This will even affect those crypto companies that don't have funds in FTX but FTX owes them.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

I know what FUD literally stands for. But that's not what it really means. FUD is more like groundless fear, uncertainty, and doubt. It is associated with baseless rumors, fake news, false allegations especially coming from a competitor, or anything that instills fear, uncertainty, and doubt without basis.

But right now, things are actually happening. These are not mere FUD. These are real tendencies or possibilities based on what's actually going on with some of the largest players in the market. This is enough to shake the whole market.

Nope. FUD literally means spreading fear uncertainly doubt. You can try to redefine it all you want to fit your posts, doesn't mean its true.

Fundamentals Of

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Quote from: Guessti on November 16, 2022, 12:24:23 AM

Quote from: Fundamentals Of on November 15, 2022, 10:26:29 PM

That the FTX debacle will affect Bitcoin's price is no FUD. So it is a possibility that the price could indeed fall down all the way to $15,000 because of the effect of FTX's bankruptcy.

This will have a big effect on the market because FTX shutting down doesn't just mean an exchange has died. FTX is one of the top crypto exchanges in the world and it has so many arms. All of them are facing bankruptcy. Since FTX and Alameda are big crypto institutions, it is expected that their fall also means the fall of other crypto companies and institutions that have big amounts of money kept there.

This will even affect those crypto companies that don't have funds in FTX but FTX owes them.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

I know what FUD literally stands for. But that's not what it really means. FUD is more like groundless fear, uncertainty, and doubt. It is associated with baseless rumors, fake news, false allegations especially coming from a competitor, or anything that instills fear, uncertainty, and doubt without basis.

But right now, things are actually happening. These are not mere FUD. These are real tendencies or possibilities based on what's actually going on with some of the largest players in the market. This is enough to shake the whole market.

Rana590

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Quote from: ?? on ??

Market opportunities to fall are certainly very open because many are worried that new cases such as FTX will occur again, exhcanges that use manipulation data will certainly have the end period and users will know that so the owner will stop withdrawing and this will have a long time to recover.

Anything can happen in crypto market but we have to carry on. We have to face many challenges because earning from crypto isn't an easy task. Market will be recovering soon and we have to wait for this time. Yes, cases like FTX can be occured again and this can hamper the progress. But market will start to rise again by recovering such conditions.

Yaunfitda

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Quote from: ?? on ??

Market opportunities to fall are certainly very open because many are worried that new cases such as FTX will occur again, exhcanges that use manipulation data will certainly have the end period and users will know that so the owner will stop withdrawing and this will have a long time to recover.

No sure what you mean by manipulation, I doubt that someone manipulated the fall of FTX, it's just the market is really uncontrollable as this point, it's very volatile and we don't know when people are going to withdraw and have like a bank run.

So as far as $14k price, it could still be very open, we have seen the price going down to $15k so what are the chances not going below that?

And what are investors going to do if they see the price at $14k? right, that is the best opportunity again to stack sats.

ethereumhunter

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Quote from: dunfida on November 15, 2022, 06:42:50 PM

Quote from: ethereumhunter on November 15, 2022, 05:04:17 AM

Quote from: Newlifebtc on November 14, 2022, 06:11:53 PM

Quote from: DoverDoane on November 11, 2022, 10:11:46 PM

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into, the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

Its normal because we are just humans which it is really that common that we would really be making out that kind of reaction whenever you do see the price is declining plus seeing negative things

or news around which you do presume that it would make things even more worst and this is really something very common to happen.Whenever there's a decline then there's always a recovery.

We cant make out conclusions whether the market would dump or not even further because its always been unpredictable.It would be always basing on community support
and recognition on whatever conditions that they are facing on.

But if we have often experienced something similar or almost the same, at least we won't overreact because we have been trained to deal with it so we won't panic or worry about the situation that is happening. Panic for a while can still be normal for a moment because we don't know what will happen or don't predict if it will happen and after that, we will calm down and think about the next step.

And the decline this time will not last forever and will end. We must survive until the end because we have decided to join crypto.

Guessti

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Quote from: Fundamentals Of on November 15, 2022, 10:26:29 PM

That the FTX debacle will affect Bitcoin's price is no FUD. So it is a possibility that the price could indeed fall down all the way to $15,000 because of the effect of FTX's bankruptcy.

This will have a big effect on the market because FTX shutting down doesn't just mean an exchange has died. FTX is one of the top crypto exchanges in the world and it has so many arms. All of them are facing bankruptcy. Since FTX and Alameda are big crypto institutions, it is expected that their fall also means the fall of other crypto companies and institutions that have big amounts of money kept there.

This will even affect those crypto companies that don't have funds in FTX but FTX owes them.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

rodskee

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Quote from: Guessti on November 11, 2022, 01:13:16 PM

Literally articles are flooding saying the bottom isn't here etc etc.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.

Stop the FUD.

EDIT: For those of you who seem not to remember what FUD stands for:

Fear. Uncertainly. Doubt.

Yeah it is for you to believe but lets admit that we cannot blame people to feel like panicking because of what is the movement of the market now, there have been pumping and dumping happens here.

Quote from: peter0425 on November 15, 2022, 06:32:11 AM

If this going to come (but i doubt it will) then maybe it is better to use this for chances in gaining more, i am still believing that there are ways to make money here and that is to buy if that deepest market come.
I knew also that Panicking is part of the system and if there are no panic then there will be no gainer.

+1 for your comment here , panic will bring chances for others to profit but the problem is that more on manipulator that makes money here.

Fundamentals Of

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That the FTX debacle will affect Bitcoin's price is no FUD. So it is a possibility that the price could indeed fall down all the way to $15,000 because of the effect of FTX's bankruptcy.

This will have a big effect on the market because FTX shutting down doesn't just mean an exchange has died. FTX is one of the top crypto exchanges in the world and it has so many arms. All of them are facing bankruptcy. Since FTX and Alameda are big crypto institutions, it is expected that their fall also means the fall of other crypto companies and institutions that have big amounts of money kept there.

This will even affect those crypto companies that don't have funds in FTX but FTX owes them.

Taskford

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Quote from: dunfida on November 15, 2022, 06:42:50 PM

Quote from: ethereumhunter on November 15, 2022, 05:04:17 AM

Quote from: Newlifebtc on November 14, 2022, 06:11:53 PM

Quote from: DoverDoane on November 11, 2022, 10:11:46 PM

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into, the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

Its normal because we are just humans which it is really that common that we would really be making out that kind of reaction whenever you do see the price is declining plus seeing negative things

or news around which you do presume that it would make things even more worst and this is really something very common to happen.Whenever there's a decline then there's always a recovery.

We cant make out conclusions whether the market would dump or not even further because its always been unpredictable.It would be always basing on community support
and recognition on whatever conditions that they are facing on.

Its easy to create conclusion after all of things happen while if we are there while dump happening for sure we cannot feel relax seeing how fast the dump is. Also we will get panic especially we bought our coins when the price is expensive and we think that it will not dump. So since this incident happen maybe we need to be more aware of possibilities and if we have extra cash we should buy those stable alts to prepare for something good to happen since we need to buy once the fud start cooling down for us not to miss the great recovery to happen.

dunfida

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Quote from: ethereumhunter on November 15, 2022, 05:04:17 AM

Quote from: Newlifebtc on November 14, 2022, 06:11:53 PM

Quote from: DoverDoane on November 11, 2022, 10:11:46 PM

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into, the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

Its normal because we are just humans which it is really that common that we would really be making out that kind of reaction whenever you do see the price is declining plus seeing negative things

or news around which you do presume that it would make things even more worst and this is really something very common to happen.Whenever there's a decline then there's always a recovery.

We cant make out conclusions whether the market would dump or not even further because its always been unpredictable.It would be always basing on community support
and recognition on whatever conditions that they are facing on.

kawetsriyanto

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Quote from: 1miau on November 12, 2022, 09:23:56 PM

Were are in a very important situation right now and if no significantly bad news come in, Bitcoin is likely to keep recovering.

Agree. It depends on the issues or news around crypto. If the issue of the bankruptcy of exchanges like FTX continues, we might see crypto prices drop further. But if the issue is over, then the prices of crypto coins probably increase again gradually. Issue/news has a crucial role to determine what trend to happen lately, the price recovery is likely to rely on the issue/news.

Quote from: 1miau on November 12, 2022, 09:23:56 PM

Yes, many people are still having fear and are waiting to see if the bottom is in. If such people can get confidence again, we might see 20k very quickly again.

People become worried about the safety to use exchanges. If more big exchanges have the same problem as FTX, people may lose their interest to invest in crypto. The demand on the market will decrease massively and the price will be difficult to recover to $20k in the near future. People will be confident again when they are sure that CEX is safer enough. And they realize that there are many DEX to be the option for safe places to trade their assets.

savetheFORUM

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Quote from: peter0425 on November 15, 2022, 06:32:11 AM

If this going to come (but i doubt it will) then maybe it is better to use this for chances in gaining more, i am still believing that there are ways to make money here and that is to buy if that deepest market come.
I knew also that Panicking is part of the system and if there are no panic then there will be no gainer.

There are plenty of ways to make money from the current price. It is obvious that people who make a ton of profit all make from buying at these low levels. All those people who got super wealthy during the last bull run, did so by buying before that bull run. You cannot just buy bitcoin at 50k and sell at 68k and think that you could be rich, that’s not how it happens.

You buy bitcoin at 4-5k and sell at 68k, those people are the ones that got rich, that turns 1k into 15-16k and if you invest that into 3-4 other altcoins like eth and bnb when they were going up, that turns it into 100k and you buy a house with it and you rent it for 2k dollar per month and for the rest of your life you never have to worry about money ever again.

Franctoshi

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I don't really see reason why people will panic over a property that they own and have access to it anytime day so far you have the keys to your wallets, Bitcoin is just like owing a property for instance land , you buy land today and wait for it to appreciate in price or value in the future, so why don't we just stop looking at the price today ( stomach the price volatility today) and focus on its price in coming years. This will relief investors/traders from a lot of pressure with current price.

fzkto

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Quote from: wmaurik on November 15, 2022, 04:33:40 AM

Quote from: Newlifebtc on November 14, 2022, 06:11:53 PM

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into, the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

Panic for some reason is a very natural thing because it is about causing loss, but if you panic for no reason and are just afraid because of what other people say, I think it's very unnatural because normal panic usually happens because something is going on in the market and it caused a lot of harm to everyone. The case of FTX is a very basic example of this because there are so many FTX users and when panic arises, it is clear that almost everyone feels it even though those who panic often use other exchanges.

Panic easily causes a lot of selling not just in the cryptocurrency world. For example, a simple tweet about a pharma company that might experience problems with some drug component could crash the share price by more than 30%. Likewise Elon Musk could manipulate the price of DOGE, or say for example that Tesla will sell all their bitcoins, which could further affect bitcoin. Panic is a good tool for the whales who use it to their advantage.

peter0425

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If this going to come (but i doubt it will) then maybe it is better to use this for chances in gaining more, i am still believing that there are ways to make money here and that is to buy if that deepest market come.
I knew also that Panicking is part of the system and if there are no panic then there will be no gainer.

ethereumhunter

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Quote from: Newlifebtc on November 14, 2022, 06:11:53 PM

Quote from: DoverDoane on November 11, 2022, 10:11:46 PM

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into, the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

Topic: Stop the panic, I doubt we will see 14k or less Bitcoin - page 11. (Read 2840 times)