Bitcoin Forum

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

It is probably part of the characteristic of Bitcoin which is being volatile, some call it as a bubble, and based from my experience, outside factors might affect why the price of bitcoin is acting like what we have right now. In addition, bitcoin stays at 10k dollars in the past months, so considering the upcoming halving, my speculation regarding this matter is that, investors are just preparing for the huge market price increase in the future.

So, there's nothing to be feared about the current situation, instead, we should he happy that the market is active and will open up opportunities for investors to enter the market once again.

THIS IS the panic that we are seeing that has caused the price to fall hard below $9k for the past 4 days that it has been going on. and the reason is apparently the FUD and the stock market crash, oil prices dump,... i don't think it is possible to predict how long this is going to last or whether there is more panic sells to come. all i know is that the more they panic sell the harder it gets to go any lower as weak hands don't have unlimited amount of bitcoin to sell!

ps. this drop also doesn't make any sense because there is about 3 or 4 massively bullish news around these days. from a couple of countries legalizing bitcoin and some other countries accepting it as a currency to the good ol' hyped up halving.

Exactly. All the news should bring a hype in the price in last couple of days. But the opposite ia happening now. We had seen good price pump on such news before. Is this some kind of trap?

It is hard to tell if things would go on there are so many positive news about crypto yet we are still experiencing price dump.
FUD is still kicking due to some news and panic because of the corona virus.

Bitcoin is doing fine, considering WTI oil just dumped 30%
How often do you see that?
And the DOW is looking like i'ts going to have another -5% drop today...
And thats a major index comprised of Trillions of dollars worth of stock.
Bitcoin is down about 14% , and has a market cap of a couple hundred billion.

The thing that is most feared in holding bitcoin is fear or excessive panic so that it cannot think correctly and correctly. even though it requires proper execution when we are going to do bitcoin when it's going down or going up in price. actually the matter of rising and falling bitcoin is a common thing and just how to respond so as not to get carried away. clearly if there is a big sale will affect the bitcoin and other altcoin.

There's an article (https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm/) posted that there's a coin dumping Bitcoin and that might have been the cause of the sudden dump today. I don't really find any reason to panic at all as this is a sudden dump. This is just another one of those buying opportunities that we are waiting for so why we are panicking? We've seen it all, even if Bitcoin where to be dump like this, it will still grow in time.

The entire global economy is going down due to the coronavirus panic.Oil,stocks,derivatives...
It's really stupid to think that Bitcoin and cryptocurrencies in general will be some kind of safe heaven and everybody is going to buy BTC in order to keep his savings.More people will sell their coins in order to buy some important goods-food and remedies,so they could survive staying at home during the quarantine.
Let's hope that the coronavirus will be gone by the end of April and everything in the global economy starts working normally (and prices recovering) by the beginning of the summer.

I think we already see a panic from some traders because many of them are not expecting to see the price is down for the deep price. We cannot predict that it will have today, but that is what we see now, and the price now is below than $8k. Perhaps, this situation will continue for a few days, especially if many traders still have panic to see the market is down.

But I hope that these conditions will not stay for a long time and the price can back to increase again so traders will not feel panic because the price is down. Some people use this time to buy more bitcoin because they can get bitcoin at a low price which is not every day they will see that price.

Nice find. If this article is truw then that token should be blamed. Holy moly, if those 13k btc would be dump easily then surely the market will go down very fast. Imagine those huge amount of btc being dump at continous price range would affect it somehow.

I am quite shocked cause the downfall is really fast, I do hope that market can recover quickly.

This is somehow the reason Im thinking but the news on that btc dumping is much more credible, if you add the situation on corona, Im afraid investors would probably pulled out and having a panic button sell off.

I think it's simple calculation, more panic means more dump. Because whenever holders will become panic and start sell their bitcoin then sell pressure will higher than buy pressure. In a result more dump will happen. Panic is always negative for crypto holders and traders. If we do not have enough patience then likely we will have to fall in trap of whales accumulation.

Current dump is happening due to whales accumulation IMO. Because halving is very near and whales will try to get benefits of halving. For me, I am not panic and still holding small amount of bitcoin. To be honest, I am not gonna sell it now, likely sold it before halving after a pump. I believe we will see a pump before halving.

Yes, I'm pretty much sure that panic selling will happen. It happens every time when price goes down and there are always users who can't stand the pressure and can't wait for price to recover.
We always have too much euphoria when the price goes up with unrealistic and exaggerated predictions and expectations and panic when the price starts to fall. I guess some people never learn.

10% in a day? I would say that people really do panic, specially noobs and push the sell button. The corona scare and then the supposedly PlusToken scammers cashing it out their funds again.

However, we have seen this or we have been in this kind of situation before, and smart investors look it at the bright side, inside of panic, what they do is buy more bitcoin. I'm sure in the next couple of days, when everything settles down, the price would bounce back.

The panic of others can be a boon for people who want to buy BTC at cheap prices.
Too Panic and finally selling BTC cheaply is just a waste of money.
If the price of BTC goes down it should have a reserve fund to buy more BTC at a cheaper price.

Prices will definitely go back up and that's for sure, just how to train mentally to not be the person to do the Cut Loss action because BTC continues to fall and do not have reserve funds. stay focused on the intended target.

Not really guaranteed to be safe but it is not also a reason why we easily give up, think negative all the time and been pulled into panic selling.  
Should we think that whale's participation is a big factor why we expectedly experience like this and if that million of Bitcoins transferred is true, it all be possible to see a scenario like this?
Yet, it happens oftentimes but it somehow surprises us knowing that we are looking for more dumps rather than of having a drop.

There are predictions that the price is going sub $8k, because of the panic, but I don't think that it will bring capitulation. If it goes down, then good, as the saying goes, "buy when there is blood on the street". Although we have heard lots of positive news just like week specially coming from India.

But that was overshadowed by the latest negative news about the plus token, I think someone already posted the link here, I won't elaborate on it. But think about it, every time that we have some good news coming around, coincidence or not, there will be some negative news to offset what the market have work for. Also, if criminals are not so dumb, why would the plus token scammer dumps their coin in the last 24 hours? Why not wait till the price goes on five digits again?

I also think that the reason for this price drop is related to the same reasons for the price drops that other markets are experiencing. I saw an article blaming plustoken for the price drop, I think they're looking to blame plustoken just because they want bitcoin to be seen as safe haven. The old competition with gold that will never end. I don't disagree that plustoken can cause a price drop. But that price drop has been dropping since it failed to break $10,500 and the coronavirus started to become a serious problem for the world

of course yes .  panicking is always been there because that is part of this crypto ecosystem   .

you know cryptos are up and down , people can panic on different situatios   .  now that price is down obviously people panic again to sell because they are scared that the price can go down again and will take a long time to recover  and they are prolly need money because if you dont need money imediatley you will not bother panicking because you knew that the value can always recover  .

As usual, when we see downtrends like this, many are already starting to think of the negative effect and that causes them to sell immediately even a huge loss.

As I have said in some thread that this is the time that we should stop monitoring the charts for a week and this is applicable for most holders. But if you are a day trader, you can mostly take the opportunity out from this dip.

actually it's normal that we are seeing right now those people who are panicking because of the suddenly dropping the price of the bitcoin and for the past 24 hours at the crease almost $2000 and which it is really some kind of panic for those people who are investing order to the investors because suddenly they are just thinking of selling their bitcoin right now to avoid the heavy losses that might come to them but if you know what is the market doing then probably you will not panic on it.

I saw some information and the decrease price is not happened in bitcoin only, you will see on stock market, oil and the other market have decreased as well and I'm think there will be many people who will be panic because of this thing. We can see know bitcoin price has touched $7800 before its price has tried to reach $9200 a few days ago, but it is just for a while in my prediction, the information that spreading is good, we can see some countries out there have accepted bitcoin again.

Obviously, panic sell will definately lead more downfall for BTC. This downfall is not happening for the first time in crypto everyone knows this is normal, panic selling can be caused by various factors and can range in severity. And I believe this downfall will happen only for a short-term I request the panic seller just to wait till halving and see the price range.

Aside from that bad use that the bitcoin right now is damn thing so much there are still some good news which is the country those who are accepting bitcoin cryptocurrency as a form of money into their country because on the past days we have saying south korea and france that are accepting bitcoin to the country but the thing is still there is a bad news from us which is the bitcoin price is currently damn thing so hard right now until it reach the $9200 peak of it from the other day suddenly it dumps right now.

Yes, it is normal to be panic. Because no one thought about this huge dump! Everyone had a strong mindset that Bitcoin price will be growing gradually if it needs correction, then Bitcoin price won't come under 8500 USD! But when Bitcoin dumped thousands dollar within a day and hit 7700 USD, then it's normal to get panic. I am glad that I sold at 9200 USD, and now I am waiting to buy at 7500$!

Panic or not, am not going against my wishes because, the halving is almost here and the whales are taking this opportunity to accumulate to themselves more coins before the halve. Sellers who are inpatients are those who derives pleasure in selling against their wishes  because its not everyone wishes to sell when the market is down. This is a well known tactics from the whales whenever they need to take profit from the weak hands holding Bitcoin and other cryptocurrency, for me am not panic at this junction close to halving

With the current events worldwide, many investors are panicking right now and causing a massive paranoia not only to global market but also in crypto market.

Well if you are already in the crypto market for quite a long time already, you know how the market moves so this dump is totally useful for the investors because they can get Bitcoin in a lower price and still hold it and one thing more Bitcoin halving is coming. There is still a chance that it will go up as the halving comes or it will not go up as we expected :D.

For me, no selling of Bitcoin right now. Will hold for it.

People should stop manking it a habit to oanic everytime the market price is falling. For this year, there are only two possibilities, feel free to correct me, why the market price of Bitcoin is falling at this moment. Itcould be because of the natural market vokatility or the preparation for the bitcoin halving. Based from what I have read before, the price would fall as the day of halving is getting near. Also, we should look at the decrease in its price as an opportunity to invest because once the uprise occur, profit will surely be earned by those who are patient.
This is the right thing to do which is to be optimistic because it would save you from hasty decisions. Also, this is not the right time we are seeing market price downfall, actually, it happens often in this industry an not only to Bitcoin but to all cryptos. It should not be something new. Those who are selling are those who are more likely just after easy profit. Just be patient for now and wait for the right time to invest and sell because we are talking about investment here, wherein actions should be done with care.

Panic sell is common thing that always be happen on cryptocurrency like this time. Bitcoin price has fallen more then 10% and now its price has touched $7700. I never imagine that this correction will come and so much severe cause I'm still holding my bitcoin, I got confused when I make a decision when bitcoin price touch $9100, but I will let them on my wallet.

Yeah agree with several users above me who said that this correction will be happened for a while. Since there are some good news comes and the current price is really good to buy, I believe for those who buy now then they will have a chance to gain almost $2000 in a few days if they buy 1 BTC.

So what can we call this?
Ain't this already a panic?
We are looking at a large scale of decline in just a small amount of time.
People might have started to worry because of the FUD's that had been spread out. i.e. CoronaVirus which is being connected to the bitcoin market.
Even without facts to back it up, some may have already believed in it without even seeking for proof.

And I thought its going to go up further because of the near halving but it drop, its even likely to go below 7K.  A trader would dump if they see prices continues to decline and people keeps spreading the panic. The Covid19 is also being used to make people dump which they think the world will be in serious recession, I guess they effectively did it.

Today we are facing again the market price of the bitcoin that is falling down and this is not quite good because many people already make an investment when the market price is too high and they are now losing a lot of market income with this, still there are people grabbing the opportunity to make investment when the market is too low. One of the reasons why the market price of the bitcoin falls-down the same with the other altcoins because of the virus spreading all over the world and they are using this to make another source of income. Some of the people are getting panic selling that may cause of continuously falling down of the market supply and volume. Still, we are looking forward to making more earning with the use of bitcoin but it takes a lot of time again before we can make back to the top of the market profit or income.

https://i.postimg.cc/8kJwXhC6/Annotation-2020-03-09-183431.png

Bitcoin is already down to $7,837, for sure panic selling is one of the factors why bitcoin market price is dump, it happened when the bitcoin price dump from 10,000$.

There is a long term channel that Bitcoin has never broken the lower bound, apart from a few wicks. At the moment it is still above that, so there would appear to be no cause for panic. Bitcoin by its very nature is highly volatile, but it keeps strengthening its base for wealth protection in my opinion. Just make sure you buy sensibly.

Nope, Not unless that the holder/investor (or what so ever) of BTC is directly affected by this disease (i.e. A family member is struck by it, or him/herself is the one infected) and needed a money for it. Also, The term "downfall" is I think inaappropriate, it's like you're saying that Bitcoin is coming to an end. Maybe, Downward trend? could be applicable? (just sayin  ;D)

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Everyday's a panic, especially when you are not closely monitoring it. Despite this outbreak the rate of BTC is still constant, and unlike the other players most of it are now incurring a huge lost. Well, It's already expected, people are going to panic and markets will undergo this phase.

Actually, If only others can see that this is an advantageous stage as the market rate is low, this is the time to buy and buy. It's fact that when a vaccine is already at available, the market would literally rise up again.

Even this is what I want where I can buy at a lower price and even more, I am not too panicked when conditions like this may be a downtrend that is happening so much panic occurs with the weakness of their hands to click the selling buttom so that this decline is even worse.

But I think this is an opportunity for me to hold more at a low price.

The term panic is synonymous to crash in the value of Bitcoin. Most holders seem to panic sell even at a loss when a sharp decrease of this nature occurs in the crypto space. Most often, those that panic sell are those with small holdings who must have spent an amount they can't afford to lose in buying BTC, out of fear, these persons sell even at a loss just to get something out of their investment without thinking of the possibility of BTC recovering in price. The term panic is presently in the space and more persons will sell low now and buy high again when the reversal begins. This is crypto for you.

If you look back on this in the long run, you won't even notice this little dip. Bitcoin won't die, there won't be a capitulation now and we will see 15K BTC after the halving pretty soon.

This is about the maximum level of panic you’re going to see. I don’t think we’re going to see the price go much lower, stop looking for the perfect time to buy.

Buy now!

Yes I had been following the plus token scandal ever since the dump happened a few days ago when it was still looking stable at $9000 but then it went down from there. Ever since they started dumping their btc holdings from the scam starting late last week. This looks to coincide with when the price falling so sharply since then.

Just curious where OP little mouse is from. In which country as they had said their in a group on a social medium discussing about selling all their btc on. :-\
I am thinking somewhere where bitcoin perhaps holds a premium to sell there.

Not sure, it could crash more, the oil war is heavy nowadays, and if the oil market keeps crashing then we will see a lower price on bitcoin.

Today is the Black Monday, just grab some corns and watch how all markets burn in hell. #TheWaySheGoes

My recomendation is HOLD all the way, and don't panic.

This is not the first time Bitcoin would witness such a massive dump neither would it be the last, we had witnessed massive pump and dump in the past personally as a trader I would always capitalize on the dump and buy low with the hope that the price would gonna pump again and sell high which is very synonymous with Bitcoin.

The dump on the weekend was quite deep, bringing a decrease from the level of $ 91xx to $ 82xx. For those who do not have a strong strategy will certainly panic, this is usually preceded by panic too when buying, FOMO. For experienced traders and investors, this kind of thing is just like riding a roller coaster only with stronger shock therapy, lol.
That is why do not easily panic, do everything based on analysis and calculation, even if there are things that are not in accordance with the analysis, you can more wisely determine the next step without another panic. Do not FOMO, let alone a lot of news linking halving will make pump prices, you must determine the right strategy. Towards halving flash pumps usually occur then correction, this is a prefix for the next big movement. For those who already enjoy this ecosystem, they will be more patient and enjoy every up and down price.

Unfortunately yes, I guess this widespread dip in the market will definitely continue in the next period due to the panic sell and other reasons related to Corona Virus and the social media impact. Furthermore, maybe this the appropriate time in order to buy Bitcoin and Ethereum, and we should just need to hold our amounts because it is certain that after few weeks Bitcoin and the whole market will back to the rise.

In my opinion Bitcoin will have more downside the next few days/weeks. What I am expecting is that Bitcoin will drop to the range 6800 to 7200 dollars. 6800 dollars range must hold.

It is not only deep but also unexpected, or just for me, since the virus is known to spread in the very late 2019 I expected the price to skyrocket because that is the time that people would look for non-hand payment that might worsen the spread of the virus but I guess I was wrong for concluding that. My portfolio is currently at loss because of the price dive, strategies are not working even the hard ones. The panic from the people is making the market at its worst, we are still at low number of panic buying and look at the price of bitcoin I could hardly look at it when things gets severe. Hence, It is a good time to buy now, hope it will recover next week.

Yeap I already noticed that some people panic and they are selling their bitcoin.I saw one of the member in facebook group he is buying bitcoin via local currency.i think smart people are buying bitcoin now, and those who don't have enough knowledge or don't know the market only they are selling.I think agiain bitcoin will be recover.Nothing to worry if you are holding bitcoin.

I hope all weak hands get out from Crypto, because its not for people like this.
They panic sell, i hope they never re-buy. :) Stupid people, just HODL and dont go with those low IQ people, dont sell your crypto!

I am not sure how many more fluctuations do we need to experience before the panic sellers learn about how the market operates. Since bitcoin is highly volatile we cannot expect it's value to keep increasing or decreasing and the sooner we understand everything is temporary let it be pump or dump. These dumps and panic are really beneficial for trades as they can buy bitcoin at a lesser price only to sell it at a much higher price once the market recovers.

It's true that it's likely that there will be a panic sell and bitcoin can go down again from the current price. We must get ready
for cutloss if it's daily trading. But for those who are long-term trading, my advice is to just hold the bitcoin that you have.
Now bitcoin has fallen to below the price of $ 8000, if bitcoin continues to fall to below $ 7000 this will be very helpless.
Because there will be more panic of investors who holding bitcoin, we just hope that bitcoin can go back up to the price of $ 9,000.

They panic because of the market situation and if it continue to drop for sure it will create a big panic in the market. Whatever the reason for the market fall is, we should not panic and sell on a loss because this is just temporary. Covid19 seems like affecting the whole market especially the stocks, we have to stay positive and remain vigilant, stop panicking and don’t sell on a loss.

It is crypto market, there will always rise and drop in price. It happened repeatedly, so why people should be panic? I doubt if some people in your local group are really panic or just trying to spread FUDs. Sometimes, there are few people taking advantage of the bad moment in crypto, including the high drop in price. We must be careful and smart to analyze the situation.

Negative events and crypto drops this could really create FUD to confuse some of the crypto holders.
But you are right we need to be careful and analyze the situation in order to avoid falling into this drop and pump situation.
I don't think that the price could continue to fall deeper I think we already reach the lowest point right now.

Its not really much of a surprise to me when the price started going down, because Bitcoin has always been volatile and does not retain a stable price ,it goes up and there is a time it will also fall back to lower price. Last week there was a decrease as the price went from $10,000 and down to $8,000 or below that I guess, but it later showed signs of recovery as it climbed to $9000 only to fall back again to around the rate of $7k (currently $7,900.).

This is just how it will keep going, but on May after the Halving there should be a better increase and it will keep going up more than down and that’s when we will see the next bull run take place and the price hitting another all time high.

I heard the sudden fall in price was due to a loss of around 15k BTC in a scheme. I think the fall is not that significant because this is not the first time we have witnessed this before. Even sometimes it was tougher than this and it is only a matter of time before the bitcoin and other cryptos will recover. I am very optimistic the fall in price has opened a way for some people to acquire more crypto. Almost all the top 10 cryptos have dropped to at least -10% which is a good time to buy.

Right now, it doubled to -22% according to CMC.
I am starting to believe now that the virus has a large impact to the market now, and probably we should see below 6k if it doesn't happen to recover anytime soon, but hey that's an opportunity to buy more BTC especially after the outbreak ends we should see a bit of a recovery. Let's try to be at least be a bit optimistic that there won't be plenty of panic but there should be numbers.

We're seeing a panic as we speak, and there's no question about whether we're *going* to see one.  Bitcoin was above $10,000 not too long ago and is right at $6000 now, so I would consider a loss of $4000 a panic. 

Bitcoin will come back, tho.  Panics usually have a tendency to reverse themselves once investors start thinking straight again.  Don't know how long that's going to take in this case, but I doubt this is going to last for the remainder of the year.

Apparently, that's what's happening... Bitcoin is $6k which is devastating. Minus 20% in 24 hours, this is very painful and disappointing... I realize that everyone's worried about Coronavirus, but while many businesses objectively suffer from it (or, rather, the measures introduced to combat it), Bitcoin does not get affected, it's just people panicking. Moreover, national currencies are already starting to fall, and Bitcoin could become something a person can buy and at least save the money if not profit, but again with all this panic people are just selling everything for no reason... Starting today, all educational facilities are closed for 3 weeks, it's nearly impossible to buy antiseptics in a local store, public gatherings are banned. All these things affect many people, but they aren't supposed to affect Bitcoin.

The panic is already in motion mate, the entire crypto market has decreased by a whooping 100B USD already. This is likely going to tank further as the unrest of Corona Virus is still spreading across the world and slowing economic growth. In other views, this is the time to buy bitcoin at very cheap prices or even any altcoin which has a huge potential of growing.

Just 3 days after this topic is created we are seeing another huge drop, the entire market is down and it's a complete bloodbath. Looks are good days are behind us, and now we need to be calm and try to survive this situation without losing our minds. Around people are panicking, and probably that depends wherefrom is someone, and in what kind of situation that someone is. For now, I am trying to keep my head down and to try to
keep my stash intact until this is over, and I hope that will happen soon.

We could have to wait for weeks or a month before we recover this huge drops. Not only the crypto market suffers big losses but this is a global market issue where we all suffer it. From $8k straightly down to $6k and continue to drop again. I believe this trend could start another market drama and expect for more panic sellers that could help the situation into worse.

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

I just woke up and the situation is worse than it was yesterday. You are right, we will have to wait weeks or months for the recovery after this. It's a global stage and the entire global market is in a problem! My friend we are already in a stage of drama and panic, take a look at what some people wrote and you will see that I am right.
But what we can do!? Nothing, except to keep our heads down, to try to not get infected by virus or panic, I can't say what can be worst from these two.

I think Bitcoin will be stuck at the price of $ 5,000 because it's the lowest price in my predictions, of course at times like this many people are panicked about this terrible dumper because the current situation really messes up all the plans to be invested.
But now I prefer securing to the USD compared to holding crypto.

That's the best strategy at this current situation.

However, I think bitcoin could drop further, I can still see the panic happening, if it will stay $3000, no one cares as long as you are believing.
More opportunity for cheap price if this will go down, so let's hope it will continue to dump as this is not permanent though.

I didn't think that the panic that is happening right now is bringing the price of bitcoin to $ 5k. so far, I have prepared for a state of panic, however, I would argue that the farthest price that can be reached is $ 6500, and that has little potential. however, looking at today's prices, made me realize that the panic that happened was really great. I can't speculate anything, because right now the price could go down to $ 4k, or it can go back up to $ 6k.

It could bring the worst price to see just like the same on what happen on this year but what makes people get worried is when this things end up since we are still in recession state and almost all stocks is in bad shape right now but the same as you I'm hopeful to see a $6k price and this could change the game when it reached.

Given what is happening (corona virus), it's not strange anymore. If bitcoin dump before below $4000 after the bull run when the correction is happening, the more we can expect it now that it will fall so I would not be surprise if bitcoin will fall further.

I do consider it incorrect, the virus can be carried on paper notes and crypto is a natural alternative that might actually save peoples lives but it is decreasing anyway.    So what we are seeing is a sell off based on leveraged trades I think, both in crypto and other markets, people lose on their DOW market bet so they are selling some of the BTC to pay that bill.
   How far does that go and where does it settle each day, week or month bar even, its already past the boundaries of a normal sell.

https://talkimg.com/images/2023/06/12/A7xzc.png

Blue is yearly average and the bottom line is 200 weeks average, normally not crossed and the market decides if it will pass it now.

I wouldn't be saying "Panic" for the reason, it is more "Necessary" to sell.

who in hell would sell at low price when it didn't reach to the potential value?
people are running out of money what I can see.

With the continued decrease in price we can expect panic actions from investors which isn't suppose to happen but it's happening. Panic buying or selling does not only happen in the cryto world but even for goods, we can see panic buying because of the continuous spread of the Coronavirus. Anyways, I think will be having a very bad season for bitcoin.

I would not completely agree with this.

Maybe some runs out of money that's why they sell, that way we can say its a necessity.
However, majority who sells their investment I believe do it because they panic, and some just want to make sure they can profit from this panic, and they converted their btc into stable coin so they can buy bitcoin again at an even lower value, that's being smart of them.

I have to say that more people are in panic than those who stay calm. Ain't wonder how it causes this emotion because we all are in the concern of our investment, our money in crypto and it all lies in the situation. Panic could be a terrible way of being out of having the right decision to make but we can't control their mindset, so we have no choice but to let them feel it.

You didn't get my point.
We all know that most crypto market is located in China, since lock down it been 2 months and ongoing; some cities still in quarantine and tons of people can't move.
I have purchase orders with ETD problems due to lack of production, most of the factories are moving less than 30~40%. 1 of the biggest problem that I have now is the stock of transformer & battery, and they even haven't started to produce; So now you have an idea of the situation.

EU, America, etc. is facing the same problem; from the other hand... hotel closed, restaurant closed, entertainment closed, etc.
lot of people are not getting paid, so from where are they going to get the money to cover their expenses?
 
That's why I see more necessary than panic. Also if you panic because of the value, would you loose more than 25% invested because of the nasty drop? keep in mind the 45% of drop was less than 24 hrs

Bear in mind all the time that not everyone makes a good decision when it comes to crypto investing, there are some who succeed while there are some who also failed, and I am confident to say that those who panic are likely the ones to fail investing in crypto.

This is the times where our faith is being tested, we panic because of the global crisis without understanding that the situation is just temporary, if we can't hold at this time, then for sure we can't be strong enough to hold of a possible worst scenario than the current situation.

I'm not sure bitcoin will go down to more than $ 3,000 because it's too low and nobody dares to sell that price, even if panic continues but they still have a concern to go up again some will go up again and go back to the original price maybe $ 9,000 in The next 3 months.

We need to see if this is an opportunity for us to buy more because analysts think bitcoin will continue to rise slightly and continue to crawl.

before the corona virus pandemic in the world ends, panic sell will still occur, naturally this happens in crypto currency, especially before the MA 200 has not been reached, and now the MA 200 has been reached even exceeded, this is very dangerous if one more week the price of Bitcoin cannot be above the 200 MA then the decrease will continue

If businesses keep closing and the stock market keeps sinking, I'm pretty sure bitcoin (and the entire altcoin market) is in for more pain, and it's not going to end until this viral outbreak gets under control.  These things tend to burn themselves out naturally, just like seasonal flu and other respiratory infections, but who knows when that's going to be--and right now everybody is panicked and cash is king.

But another panic?  I'd say the drop from $10k to $5k was the main panic drop, though I'm not confident that bitcoin couldn't fall even more.  It sucks to see the markets like this, but there's not much anyone can do except to take advantage of the lower prices.

That is for sure not true. Most crypto is used in Europe and North america. Just look at Bitcoin ATM map.

you might be right, but I see more concentrated in a country than a continent.
I see big farms & trading sites from China, more than other country or continent. so the coins movements are really big in a day.
Bitcoin ATM is just for crypto buy/seel, might be attached to some credit cards. this it doesn't proof of a daily movements like farms & trading sites. Correct me if I'm wrong.

5 days after you create this question yeah we had a Panic and makes the whole market turns to
 bloodbath and until now suffering from that Panic market.
i hate having
dumps like this because we are supposedly growing by Now but because of the Corona Virus
effect and some controls from whales,now we are in lowest level so far this year though we have
started good pump since new year.

It seems to me that we The more we talk about negative things, the more people start to panic and provoke other people to inappropriate actions.  In addition, the panic due to the coronavirus also makes cryptocurrency users inadequate.  It seems to me that on the eve of Ethereum 2.0 and bitcoin halving, we should be positively inclined towards specific results.  In addition, the attitude to cryptocurrency in many countries is changing for the better. As an example, you can take India.  Therefore, we must be as positive as possible.

The second wave of COVID-19 is coming, and with it, a new series of derivatives liquidations which will bring bitcoin to sub-1000s levels. Unless, of course, the exchanges are already doing something to stop it.

Hopefully they come to an agreement that "freedom" is bad for bitcoin and should de purged. Only the cartelization of bitcoin will save this market, doomed by paper speculation and its nefarious "hodl cult", which want you to hold a empty bag while they cash in. Dont let them fool you, 6k is no recovery.

Negative economic news comes out every day. Many enterprises are shutting down, people are losing revenue - the situation is terrible even considering the actions of governments launching support programs. In such circumstances, the price of bitcoin, which is still above $ 6,000, looks amazing to me. I am sure that it will fall soon. And it seems to me that a lot of people think this way and hold short positions on the exchanges, so the next drop may become panic again.

Why should anyone be looking for who to buy his bitcoin, while we have every exchange selling. I also believe those selling at this time are not the whales and old time investors, just that we have so many selling. I think the condition can be handled for few more weeks while the virus is controlled. The critical cases are the only challenging situation which requires more attention. The fear now is not having fiat and losing job

panic & FUD is a natural thing...
This Corona outbreak makes some people move their assets to gold bars or paper money to protect assets so that we see so many stocks, commodity and possibly cryptocurrencies falling. I see now the crypto market is slightly up.

One possible explenation for the crash last week could be either the Ponzi cashing out BTC like we had dumps in the past or it could be asset managers selling profitable assets to have a good looking quarter earnings report which is at the end of March.

So stocks tanked hard and many investment firms that trade both crypto and stocks probably had to sell their BTC holdings to remain flat on their P/L for the quarter. Hence it would explain how we were correlated and now are uncorrelated with stocks. Hence going into the halving hopefully no more crashes.

You are absolutely right, because this is one of the reasons why there is a fall in the cryptocurrency market, although over the past few days the market has started to revive again and prices are going up.  In addition, lately, I have never once doubted that the cryptocurrency market is influenced by speculators with their manipulations or certain tough actions of large whales, but not the coronavirus pandemic.  I hope that the upcoming halving of bitcoin will fix the cryptocurrency pricing situation.

We should be prepared on what will happen, the outbreak is still not done yet and most of the business are affected because of the virus. The panic is out there and we should not yet be confident even the price of the bitcoin goes up in these previous days. I know that we should still be careful because the dump can happen again.

If the price down below $5,700, then I guess we will see another panic because we don't know if, at this time, the price will not go down lower than a few days ago or not. Many people will not ready if the price is down for more, but some people will use that time to buy more bitcoin at a low price, so you don't need to be panic because that will makes you miss the chance to buy bitcoin. You should calm down when the price is down and analyze the market so you will get the right time to buy bitcoin.

I guess now we are going at the right direction, I am also hopeful that there will be no more crash as bitcoin in the past few days are bullish.
What matters now is that bitcoin will hold at $6000 because this is the range where we stop, if it dumps again, there is a possibility that bitcoin will dump below $4000 level and that is not good to see because it will show that the market is not stable and people will stay away as they don't want to get manipulated by the whales who owns big portion of the supply.

Bitcoin should continue to prove that we are not correlated with stocks and let's see if in the coming days the market will be bullish.

I think panic is already but it should work for us

The entire globe is already going through a so called panic named "corona". See no one can judge the price movements of crypto, It is a common knowledge that prices change everyday for crypto currency and it could take time to understand wheather it is going up or down.

To me the prices of crypto currencies are so far so good, panic & FUDs are not going to Improve the market it will only affect others.

There are at the moment two long-term predictions for bitcoin, each one using a different model.

One shows the price of $0.85 for march 2028, and another of $0.62 for november 2036. These are the only two bottoms I know about, and they will last for more than 300 years each. Both will come with a default of the fiat system, that is, all the debts will be cancelled, in exchange for blood: a world war, a real pandemic, or some big event which will kill millions of people. In this situation, people will stock supplies, and both bitcoin and cash will suffer from it.

There are also two chances to dump bitcoin without too much loss or with a small profit (if you were in the stupid DCA "strategy" like I was some months ago), one for each model: $10k in 2026, and $8k in 2029. You can also buy bitcoin at $700 at the end of this year and sell at $2.5k when sgbett prediction hits in 2021, thus covering losses from anything you bought at a higher price.

But I would not sell anything right now. Better to wait for the sub-$1000 to hit, buy with spare money, then sell with 100% profit (at around $2k) and only then sell what you bought under DCA (that is, what you bought above 6-9k, before this recent dump).

For example, with a price of $1000, you can buy 6 pieces of bitcoin if you spend $6k, whereas now you can buy only one (and which you will have to hold for 800 years if you want to take some profit from it). Then you sell them at $2k, and uses the $6k you profited to cover losses from DCA (which was bought above 6-9k, much more expensive and with bigger losses after the derivatives-backed dump).

This is much more safe and it might protect you from any reversal, as we dont know how the fiat sharks are operating. They might read this and decide to pump just to invalidate these predictions. They can print fiat money indefinitely and pump whatever asset they want, just to dump it later.

Why exactly 5,700? Is this some kind of special level? It seems to me that even a level of $ 5,000 is comfortable. A real panic will begin when a level of 3,000 dollars is broken. Plus, a lot depends on the situation on the stock market - if the SP500 is in the region of 1,500 points, then the level of $ 3,000 will be very good for bitcoin.

I'm also curious why $5700 as according to the article I read, the key support now is $5900, so maybe if it will go down at that level, we will see again a major dump.

https://cointelegraph.com/news/bitcoin-price-holds-key-59k-support-avoiding-a-retest-of-recent-lows

As of now, we are still at $5900 level trading, as long as it will not go down, we should not panic.

Well, he would panic seeing the price below that, it seems like it's a level he made himself. however, a while ago, the price of bitcoin was in the range of $ 4k, and the price rose slowly to near $ 7k. so, it seems like it's an individual panic.
however, panic will really occur if the price approaches the price of $ 3k, or is below it. Well, to avoid this, I might mark the price of $ 4k before selling the asset.

It's not an individual panic, if it is bitcoin will not be dump that low in the $4,000 level.
The fact that it is recovering now, and I am also seeing soon it will reach $7000, this means people still believe in bitcoin and of course you can't disregard the power of the whales to move the price up, because they can dump and pump this market.

No, I beg to disagree, regardless of the price, panic is evident when there is a major dump, like what we recently witness which bitcoin fell 50%.

In these last days of March, we have seen a gradual recovery in the standing of Bitcoin, I could tell that, if the gradual increase in the price of Bitcoin continues in the coming days, we could expect the price of Bitcoin to make a comeback at the $8,000 value because, the price of Bitcoin decreases and increases in such short amount of time; from a time span of only 3 weeks, we have seen its value goes down to $3,500 value then goes up in its current price in $6,500+.

We could expect that the number of panic sellers will lessen as the time of halving event comes closer.

good for you if you don't panic. but, to be honest, I would panic when I saw the price of bitcoin, currently at $ 6k, suddenly dropped to $ 3k or lowes, because it was the first time that bitcoin prices touched this year. other than that, the conditions will be halving soon, so if it doesn't help, I think I'll panic. in fact, I think people who hold bitcoin will panic seeing that.

I suppose the panic is over isn't it?
I mean there are levels of panic and that is true but honestly do you really think that it could get any worse?

I was assuming that the world caught up on the dangers of corona and everyone is reacting accordingly, sure there are still idiots out there all the time that doesn't do anything about corona and they are walking like nothing will happen to them and then they will end up dying anyway so that is basically Darwinism at its best.

Long story short I do not believe it will go on like this for years, obviously it should be ending in couple of months, maybe not go away 100% because none of them ever does, but in the end we will see it become something natural and easy to get better about, look at influenza, it killed millions but now its common flu.

YES; it can and will be worse

quarantine and total lock down of more countries, markets closeds, industries stopped, scarcity and food and other basic goods, .. was BTC a safe haven 1 week ago when markets dumped? NO.. will it be later, of course not.. people will need cash to purchase, no one will care about crypto and therefore it will plunge. Meanwhile, these guys with tons of BTC will try to convince you that btc is digital gold.. don't believe my word, just wait to see what happens next

https://www.worldometers.info/coronavirus/

https://i.imgur.com/uuESUGx.jpg

During last week's trading, cryptocurrency investors have been very disappointed with bitcoin over the past few weeks, as faded price movements seem to negate the safe haven narration that many investors previously adopted. Despite the recent decline in bitcoin prices and the crypto market as a whole, the global economy has not seen anything like what has been happening now since World War II.

Currently, the global economy is in full shock. Nearly all asset classes, stocks, bonds, gold, and oil have come under pressure, as Bitcoin has experienced a sell-off which has led to a 48% drop in the price of Bitcoin which came quickly. But despite that, I think Bitcoin is facing the fuel of this crisis, and it will come out of it safely.

It will take a lot to see another panic, we have seen bitcoin price go below 4k and jump back, that gave people some sort of confidence in bitcoin, it made people realize that whales will not let it go down under 4k that easily, it will take a lot to make it go down that much, that is why we are seeing all of this going up right now, people realized that it won't go down too much so they are more brave about buying, they think the worst thing that could happen is they will wait a bit but will get that profit no matter what, that is why there is so many tries above 6k in the past 10 days.

Long story short we are not seeing any more panic, could it happen? Sure. But at the same time it is quite improbable to happen and that is why I am saying so clearly that it will not happen.

I assume that the next wave of panic again will be caused by events outside the world of crypto. Therefore, any levels that seem logical to us will not work. I think that now we must try to hedge all our risks and withdraw money from exchanges and banks.

One way or another, if people react frivolously to this problem, which is generated worldwide by the coronavirus, then we will correct the consequences of all the problems for many years to come.  Today, each person depends on maintaining calm in every country, as well as reducing the spread of the virus, which will lead to a pandemic blocking and to a quick recovery of the economy of each country.  The better we take care of ourselves and others, the better and faster we will cope with all problems.  Panic will always occur if bad news always sounds, but we must be guided by common sense and blindly follow the rules.

that is supposedly we gonna do but somehow and still more people don't understand the situation and those weak hands will probably sell their cryptos any time. Nothing to rely on that everyone will hold and keep their cryptos instead. But gladly we have noticed that the market started to improve and maybe panic sellers have done already. But of course, this damages won't be healed instantly and this probably takes months or a year before we fully recover.

We only not talking about crypto but this is a global market issue and if this resolve, everything will be back to normal.

why withdrew your money on banks ? banks dont collaps afaik but banks might only go offline for a while but we must not worry because our money is still safe but you should withdrew as long as you need funds  .

on crypto exchanges its risky so we should practice withdrewing frequently even not on panic times or when times like this that we are facing a huge issue outside the crypto world  but as long you understand the risk in crypto , there is no need to panic just because everyone else panicking   .

In crypto, better store your portfolio in your own wallets not in exchanges. Even reputable and famous ones have the vulnerability to attacks. And since we are in the unfortunate situation, many hackers will try their best to penetrate these exchanges. So better transfer your crypto in safe places.

The issue with banks is that even though your money is insured by the government, if there is a time when people are panicking and wanting cash, you might run into issues like some people did last week.

They started to limit withdraws and then they ran out of funds and couldn't process any more withdraws. So there is always that risk. As long as you wait until the dust settles, you will get your funds but it might be too late.

I suspect that inflation will occur. in some countries, it has been said that Fiat is currently circulating more because many people withdraw their assets from the internet, and from other investments. that might be something that KTChampions are worried about. it's just that, I think that maybe having some investment on the internet would be much better. we know that lockdown has begun to occur in several countries, it will encourage them to work from home and make profits from businesses that are on the internet. it could be their chance to use crypto. it's just that, I also assume that this may not make people panic. So far, I am still quite calm, because the price of bitcoin is still recovering the price, in fact, I assume that the price will soon reach $ 7k.

There are a lot of assumptions in these statements. You are ignoring the ability of people to rally once they realize a common danger. Sure there are fools initially who will flout the norms coz the concept of YOLO and  "Mah Life, Ma Rulz" have gone into their heads too deep. These people will be taken care of soon enough. In India, well its already happening. (https://economictimes.indiatimes.com/news/politics-and-nation/shaheen-bagh-protest-site-cleared-by-police-amid-delhi-lockdown-over-coronavirus/videoshow/74784909.cms).
 Police dealing with people stepping out during lockdown (https://www.youtube.com/watch?v=5wNQ_V-Ol78)

So people need to clear their headspace and realize this is not about their fucking "rights".

Next up, you guys say that "people will run for cash" as if this is world war and everything will be gone. Calm down. The logistics and supply chains for necessary goods can still function. Sure, people would like to have cash at hand but this is no apocalypse and people will not cash out every investment just because they need to buy flour or medication the next day. As long as people stay home, this is not going to be a run on the banks. Also, if people are willing to dump BTC and sell off then a lot of us would be willing to lap them up at any rate.

Banks might collapse very well. You money is not completely safe with banks.
https://en.wikipedia.org/wiki/2012%E2%80%9313_Cypriot_financial_crisis

These are unpredictable times. You should definitely get some physical cash&gold and crypto (it is volatile but it might come in handy for various situations)

Banks are benefiting from this staged crisis. Every time the government prints money, banks benefit from the upcoming inflation, as people tend to stock more money in the bank and spend less due to it. The dollar will eventually collapse, but there is talk about a crypto-dollar which will come to replace it, together with universal income (a way to blackmail people after they lose their jobs, due to "social distancing"). They researched the blockchain and will use it for ID tagging and create money out of thin air (I doubt they will use PoW, much likely to use PoS). I dont know if this system will benefit bitcoin or not, since bitcoin crashed together with the stock market, so it might be purged alongside paper dollar. It is possible small banks will collapse, and bigger ones will go full-digital in the new system.

Its not staged, people are really dying.  Thats the next step in any panic, the reality of deaths distributed across multiple populations of the world.     Any really big move, either a panic to downside or the parabolic curve of a market that has doubled or more comes with a bull whip effect.   The fastest and most volatile stage to the move is in the tail end, the cumulative cycle of the event results in volume selling that should peak in the turning point.
  Possibly we've seen that, as cash sees QE it may help Bitcoin to be a more certain standard of exchange but also possible people still sell out of crypto to buy real goods due to the drastic alteration of the economy for people.  

   So what I take from that is short term we can see selling exceed buying which means price weakness, its not absolute reason to be negative on Bitcoin but people do need real world goods and even at best BTC is the exchange of virtual security so in that contrast we can see weakness still imo.

During the crisis, banks are the first candidates for bankruptcy. Even if your money does not disappear, you may lose operational control over it - the government likes to introduce various kinds of restrictions during crises.


I agree with this, but still, during global events, the risks increase significantly.

Things like this won't be out, it for sure there are still a lot of people who will sell their Bitcoin at any time.
But forget about these people, they don't know what they doing. Only they think about saving their own (but not actually it works) and not helping the market to recover. Moreover, there is something we can't do about them and they are just passing investors and in the future, they're still be quitting in crypto.

Agree that we cannot call this staged in the name of anti-authoritarianism or the deep-state conspiracy theories of Trumpers. People are dying and they need to stay  indoors as well as manage social distancing for any chance of a normalized society till a vaccine is discovered. We have never seen anything like this before and not many "experts" alive today have the experience to manage this. People are going to be dependent on their family, community and city for a considerably long time (2-3 months) everywhere that the virus takes root.

When you say that people will continue liquidating BTC for real world goods, i think that is a time still far off. Most people would probably first dig into their existing savings, paychecks or the govt handouts. Everyone should realize that we are all in this together and shouldn't take the survivalist approach of buying off everything they can and have as much cash and gold they can have in case everything turns into zombieland. If we see that level of societal breakdown, well then, wouldn't be much of a point to talk about electronic cash.

i think and hope that this level of mis-governance would not happen. Even then, it is never too late to build a fence and grow some vegetables in your backyard.

I guess they are done selling, bitcoin now is not anymore dumping, it's stable now, back to where it recovers and who knows, bitcoin might hit $7K by next day.

In a market in order to progress, there are people who will have to sacrifice and that's the newbie as they usually panic, but their rule will not be permanent as eventually they'll learn and mature.

surviving in this state is indeed very difficult. it's normal to see dump prices, people will think of dump dumps, and that makes people panic. to be honest, I feel that some people have sold their assets because of that. Well, I even thought about that. although I still survive in this situation, but I always think of a dump that could happen. but, I always control myself so I don't panic

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

At present the epidemic is still difficult to overcome, even local authorities are unable to overcome the panic, even when there is a looting in various mini markets because they have difficulty in getting or food, then handling this will be more complicated.
crypto maybe as well as panic there will certainly be they will sell for the needs in surviving this epidemic could it be that crypto will continue to progress even though covid-19 continues to expand and get worse? or this virus will disappear on its own? maybe

In my opinion crypto is still not showing itself so if this epidemic does not occur maybe at the time of going to halving like this has soared.

That's another scary thing, what would they announce then, when big the world declared that covid-19 has become a pandemic, bitcoin dump for awhile but it has then slowly recovered, so if the world would say they give up, it's like the end of humianity, I don't think there will be another announce like that.

They're gonna be losing their hopes and forget about crypto. They are much looking how to survive and so they have to sacrifice their crypto-asset at this time. Panic selling can't be stopped nor to encourage people not to sell either. The war against COVID-19 gets stronger in the other country and that it pushes people to make an unwanted decision even they have to lose.

Anyway, this is not the ending scheme for crypto. They could still have it back once the market cleared and when the spread of coronavirus flattened.

When everything goes back to normal then its just natural for people to go back into their normal lives which includes investing.
For now btc price is still tanking somewhat in spite on the current condition of the world.Its true that most people now are prioritizing on how
to survive thats why it isnt surprising that they would do things even selling on loss or panic sell would happen because living is what most
important or the priority and we wont surely bother if we are on loss or profits in terms of investment.

we really did just right after 3 days of posting this mate,in March 12 the market drastically fall into a record breaking dump.

more than 50% within nearly a day?this is really not normal and no one expected this,actually even me hesitates to believe until the value of Bitcoin falls 4k level lol.

There will be another panic selling if there will be another bad news but panic selling can be avoid specially if we have good risk and management. How do I say so? Those professional traders are not panicking because they know what they are doing, they have strategies and set of skills that they are using to avoid panicking and to make money in this bearish trend. Everything will go back to normal if the virus will stop spreading and it is the time where the market will start recovering.

So what is this?Trading Bot when the question is about panicking?nice try lol.

It already happens last march lol.

But it doesn't happen ?because in April Bitcoin and other cryptocurrencies take their Move up again and until now there is no coming panic.

Impossible to predict but if you are careful with your trades then provably you will earn with it but if you trade with no proper thinking or lets just say you are greedy then I think you will lose the capital for your trade and although trading bots is helpful in short term still doesn't give any guarantee to you to continuously earn and I prefer to do manual since I can study the market on what path it will go today.

We have already passed the first half of the year with flying colors.
Bitcoin had its dip in the first half of the year but we were able to see some good recovery and bitcoin is quite stable now.

The first half is more crucial and I think we can expect some good news in the next half that could make bitcoin bullish, however, if there's a panic, it could happen but I'm sure the market will survive as we have been in many situations like that already.

We can also read some bullish predictions from experts.

https://news.bitcoin.com/popular-analyst-reveals-new-bitcoin-pricing-model-prediction-suggests-bullish-run-a-month-away/

https://www.cnbc.com/2020/02/03/strategists-stick-with-their-bullish-2020-target-despite-coronavirus.html

I am also bullish in the 2nd half of the year, well, the fist half was really challenging, but we were able to surpass that challenge and crypto now is just sitting at the right spot since it's already stable, but this should not last long as the market is bound to move due to its volatility in nature.

What surprised me this time was there are some altcoins already pumping, for example dogecoin, so let's see if we would see more to follow.

Manual trading is much more preferable but when on times like these where market is somewhat stagnant then automate trading isnt really that a bad idea.

Price is indeed impossible to predict thats had been always the question since from the beginning.Lots of factors that would really affect price movement
neither news or technical stuffs.Panic is just a casual thing thats why as a trader or investor you should really be careful on doing trading decisions
and never ever make greedy decisions basing up on rumors or false calls.

People prefer in different methods but what most important there is they just make sure that they will stick their heads on the computer so that they will not lose once market go crash. Monitoring still the key for everything in trading so people should not be calm and rely to much since they might lose in their trade if they will really on automation or either waiting for high pumps.

Trading with ourselves or what they called Manual trading is more good to use than any types of bots. For me the other traders have a mindset of getting rich quickly and it is the reason why they prefer to use bots than to trade with their selves. There are now lot of past studies saying that bots are not profitable.

Do not also expect that professional traders are using bots because all of them are doing manual trading and they are constantly earning and making profit from it. We can handle panic in the market if we will do manual trading with proper risk management.

Panic is the right word but we have a rising trend of volatility, the current events dont make me think we've seen the end of that despite the recovery in BTC much is left to answer.     10k is perfectly rate for BTC, we dont have to be negative to then say if 10k is full some might have over speculated and sell which leads into shorter term weakness and that can be the story for most of this year.     Dollar itself is becoming unstable I think, we have the election this year and again the events with this virus make a change of administration more probable which is volatility.

      Well, if it happens it happens. Been here quite long and have been seeing almost the same things happen almost every time in bitcoin. Even in other coins this thing happens a lot but not as big as how it happens to bitcoin. I just try to brush it off and sell whenever I feel like it and buy later. The only thing that saves me every time is the profits that I save up every time. Although going all in is quite tempting, I've learned my lesson already several times. So just don't worry too much about it if you haven't invested life savings on bitcoins. Because times like these always come and go. In fact, I am quite optimistic for the price of bitcoins this coming months near year end and the very first months next year because these are the times when bitcoin moves a lot which is quite thrilling.

I am also here for three years, and it is quite normal for bitcoin and other cryptocurrencies to make an unpredictable movement to its market price. That is why I always keep in mind to don't panic and not to worry, even bitcoin's price makes a sudden downfall or goes to bear market because I always believe bitcoin could get back up soon, and there is always a perfect time to sell our bitcoins.

If it is impossible for bitcoin price to decrease to $5k, I will love it so that the weak hands can sell off their bitcoin. We that already has strong hands will acquire more of bitcoin.
This is a global challenge, only those that has strong resilient will make it hugely from crypto. Investing in bitcoin is like investing for the future. No amount of panic should arise to make you sell of your bitcoin assets for penny gains. Sell off when there's much profits

When people say its impossible, it takes a step towards becoming more possible always seems like that way.    5k is on the edges but I've heard that recently as a projected price, the difference for actual damage would be for what duration.   As part of a spike, 5k is definitely going to be possible as sells exceed available buyers it can register prices and its a form of shock.   The market will recover sharp spikes, the bigger damage is when the price stays in the region of 6k or below and descends and unwinds itself until 5k and lower becomes a reality and people fear lower and so on.   
   We have got lax recently with going sideways but this happened before and it did go down so maybe or not but its possible imo.

I do not think so, panic has already happened and it is already over, we are talking about a period where the price was going down so much but also there was a pandemic going around that made everyone stay at home. The virus is still out there but at least we are back to living like a bit normal, we are outside, we go to work, we go to school (well we will when it starts) and so forth, which means life is basically back on track once again, and that is how we will figure the world will be better economically since we are not all staying at home anymore. That means there should not be any panic anymore, we should be living probably a bit decent life. It is not going to be like it used to be obviously but I think we will be fine and that should mean no extra panic.

   Jostorres panic is not something that happens once and never again. Crypto-market is vulnerable like all other markets, and
I think we will have many more ups, same as we will have many more downs. It's inevitable in every process, nothing works
fine all the time, new problems emerge and strong projects will survive the test of the time, all upcoming problems. It's not
that we should run away soon as we see problems.

I like your confident here and I thought you are long term investment right? It will be different for those investor who invest their money into bitcoin. For those investor who use money that they can afford to lose they will always confident whatever bitcoin price move especially when bitcoin price down. But for those investor who invest their money using money that can be use as their daily life I bet they will nog comfortable with bitcoin price movement. They will be afraid when bitcoin price down and they will sell immidietely when bitcoin price up.

In my opinion, all financial markets are influenced by emotions and panic, and it happens all the time. And the cryptocurrency market is even more influenced by these factors due to its volatility. In addition, a large number of cryptocurrency users show fear and greed, to which the entire cryptocurrency market reacts very strongly. Therefore, you should not think that everything has already stopped and you can only expect a positive development of events in the cryptocurrency market. There are still many different situations awaiting us.

You are correct, many individuals thought the bot to be some good god for hunting the cryptocurrency trading platforms, this doesn't give anyone any assurance of making profits but it's likely to make anyone lost in some cases. Doing your own trading will be better than using the programmable bots to trade. Trade yourself and don't use bot to trade for profits, this is unrealistic sometimes.

Panic could happen at any time in bitcoin world, we are going to live through panic probably a hundred times in the next 10 years, that is just a natural part of bitcoin world and that is not something we can stop. People just see the price go down a bit and suddenly they all start selling their coins. I would say that panic is not a problem and I think the smartest decision would be and that is why there is no need to get angst about all the potential panic that will happen in the future.

Just focus on what we can do during those panic times and you would actually make a profit. If you see price going down 50% lower or anything similar (anything under 30% would be fine) and you could just buy up as much as you can and in the end you will just wait for it to go back up and make a ton of profit.

The price of the crypto (decentralized coins) are volatile but it doesn't need it will cause a panic every time it will dropped, over time as adoption increase, I believe people will be smarter and they'll mature, so they will understand the nature of the market and they will know how to handle themselves and make the right decision.

Like I said, if they'll mature, they would do the right thing, so most probably that 50% dropped would not happen most of the time, it could be a rare occasion only.

Call me unrealistic but I still prefer using a trading bot. But of course, I won't rely on my trading activity on trading bot only.
A trading bot is good if you know how to set up the stop-loss strategy and most especially placing your order without monitoring the market, a trading bot would be helpful in this way.

Speaking of the panic sellers, we can't blame them if they will easily get panic selling. One thing for sure, they will regret when they'd panic and sell bitcoin at a lower price they purchase.

I agree, the  market is reacting based on our decision. If we panic and sell our assets it will reflect to the market, thats why when the virus became a worldwide problem many investors panic sell maybe because they think the market will crash and to prevent losing further, they sell. On other side some sell because of lack of savings to spend, though its not their own will, but no choice is left during this trying times. Nevertheless we already surpassed those months of struggling market so lets look forward for whats ahead.

There are already lots of scenarios that looks like this and people do keep telling that it would  gonna die.
https://bitcointalk.org/index.php?topic=5077739.0
https://bitcointalk.org/index.php?topic=5084185.0
https://bitcointalk.org/index.php?topic=1329871.0

After having solid holding above $9000 levels, I believe there will be very less chances for any investor/holder of bitcoin to get panic against pandemic by considering the times of halving happened within the time frame of two months. I mean even those hesitating people might have gained confident on bitcoin market to continue their holding regardless of bitcoin market's failure to break its biggest psychological resistance level around $10,500.

I believe market will be getting ready for another strong rally which will be testing $9800 level in short-term and then $10,300 levels if it is able to hold around $9800 levels. It means there are less to no possibilities for another round of panic selling to be happening with respect to current world economy scenarios.

Most likely the reason we are not going to see another panic is that after the crash we saw in March most of the weak hands got out of the market and now those that remain are strong hands that are very comfortable with their bitcoin holdings, this is why the price seems to be trapped and does nothing, it cannot go up because the circumstances do not allow it but it does not go down because no one si going to sell their bitcoin now.

The panic up to a certain point in history has hurt the market but over the years this crucial factor has shown that it can help in maintaining and developing the market. However, the figures can be reliable up to a point, but a political movement by a government can change the market value affecting all investors.

The question is: Should we worry or surf the wave?

I don't see any reason for panic. Price is for a longer period of time staying in more or less same range and at the moment I don't see signs for bigger price dump. Some minor corrections will probably happen but I don't think thdt will cause some bigger range panic selling. Although for some price going under 9000$ might be the alarm.

Well, I didn't see that signal either. but I still hope that at the end of this month there will be panic buying that makes the price of bitcoin and ethereum go up. this will trigger an increase in other cryptocurrencies. however, there is currently no reason whatsoever to see people panicking to sell, even prices are currently stable amid a pandemic.

That's the good thing about crypto, it move differently compared to the stocks movement. If the pandemic remains this year, I think we can expect that bitcoin will also remain to be stable this year, and with my years of stay in crypto, this will be the first time I will see bitcoin so stable.

I really believe that bitcoin will be more stable in the future, even though the pandemic still exists, the crypto market will not collapse anymore. Investors already believe that bitcoin will be more stable looking at the current movement, we already know this is the best way to invest in the long run. .

If you have known bitcoin for a long time, you will believe in the price that will recover like the year before, because true trust brings us good opportunities.

And after just a week you have gotten your answer, bitcoin has finally began to move and today is moving as it has not moved in months, this could be the opportunity you have been waiting for to make money in the markets but before you do anything make sure that you have a well defined strategy and that whatever money you are thinking of investing in the market is money you can afford to lose otherwise you are going to go terrible problems if you happen to lose that money as it happen to so many traders.

Losing is inevitable and its part of this market on where investors would really definitely experience such stuff because we know that this field is only composed of sellers and buyers.
Be smart and be wise as much as possible if you do like to sustain.Its good to see that the market had start to move out after several months.As far as i remember where btc do able to hit
up 10400 and it is indeed been a while before we do able to almost reach up that high as of this day.Yeah it took long months and its always been like that.If you arent that patient
enough then you might able to sell off.

^^ The smartest decision there would be to anticipate the weakness, do actually sell but only temporally while the negative sentiment and sell orders overwhelm the order book and cause the price to more then half.   One of the trading accounts I have gives a reversal arrow so you flip the position from bull to short and back again, might have to try that in small part when judging these bigger moves.   When you observe the lull in selling buy in knowing you are only rebuying what you already had, set a mark for support to then watch as it bounces back with your now lower price point then you have prior.   That'd be perfect but how do you stay calm and buy in the middle of the storm knowing it will pass, thats what makes the profit.   About 100x easier to write down then actually do, I did close some shorts (in effect a form of buying) in the March sell but I could have done alot better especially I had it matching some charts I had drawn but chaos is hard to overcome and act decisively.

Important learning that you can pull out of your experience is that Bitcoin is the most profitable on long term and that you need to be patient
Even though the price is in upward now there is no guarantee that it will stay so however you always need to have in mind that Bitcoin price will always go up and down but you need to stick to your strategy and your goal. And panic selling in never a good decision.

I saw a very interesting data that describe the mode of decline in fear of the pandemic over the months. Although this has not reduced the infection but had reduced the reaction of fear to it. Other political situations around the world especially in USA defer all the rules for the disease prevention and yet we dont see people fall on the street and die. Palliative went a long way and some of the fund find its way into cryptocurrency. The economy is not stable but there are hope it will get better soon.

The market has been really wild after surpassing 12k yesterday we saw a crash all the way to 10500 and now we are trading once again at 11400, I do not know but it seems we are reaching the climax stage of a movement so will not be surprised if the price begins to slowing go down during the week, as always I could be mistaken but that does not mean we will see a crash maybe we could see a consolidation at 10500 and then the market will cool down for a few months only to heat up again at the end of the year.

This is very dangerous reaction because of less reduction of fear many people do not wear mask do not do social distancing so many are infected  the infection has doubled, people are getting used to it they are not in panic anymore, they are not afraid of the virus they are more concerned on their job and bringing food to their table.

another crypto panic let's sell our crypto

This level is where people will sell Bitcoin, especially people who buy it during March-April,
be careful with corrections, it might drop below $ 17k again, in my opinion like that,
because there is still no sign that Bitcoin this year will go to All time high, even though it has crossed $ 18,000.

We do have the signs but not really a solid one because anything could really happen in an instant.We almost breaking now the 18k barrier but doesnt mean that we will be heading directly to 20k as of this year.
For sure theres a strong resistance between those levels yet this had been the place on where lots had been caught by the fomo. If you arent that prepared or do let yourself left behind on possible updates
or movement then you would really commit the same mistakes all over again.People should be aware that history might or might not happen for this year.

panic that creates itself, that's why trading is not just reading charts or candles,
controlling thoughts and emotions is also one aspect that traders must do,
I know 70% traders will experience this, and that's why another panic happens,
don't know when will happen, must be prepared.

The chances for Bitcoin correction are huge but won't fall below $ 15k.  when the Bitcoin market corrects at $ 17k it will bounce back and go past $ 18k, soon we will see Bitcoin hitting ATH ($ 20k) and possibly passing it.  let's tighten your seatbelts..

No one can ascertain what price bitcoin will fall or rise, but the momentum not is really bullish so it could reach a new ATH but it's expected to fall after than, but like I said, we never know what would be a new ATH before the price will start to correct.

The panic that you are talking about will not yet happen because the view point of all traders and investors are still bullish wherein the price can become more expensive. The panic is usually happening when the market is in bearish where a lot of investors are pulling out their money because they know that cash is also a position and they know when not to invest or trade. But during a bull run like this, the emotion in the market is pure greed where a lot of investors and traders want to get position because they are aware that the price can still have momentum and its price can achieve higher. We are now near in the ATH and it is so good because we are now going to see an all-time high breakout again maybe it will happen before the month of November ends or in the 1st week of December.

The sentiments seems still in strong bull, investors are buying and not buying the fuds. It's a good sign that gives the market
to continue forming and pumped back.

It's tough to fully predict the next trned but if you are aiming for long term let the dumpers to sell out there are still lots of
promising  movements for those who'll be able to patiently wait, might be a new ATH  to show before this year ends.

I changed direction after I saw the big pump a few days ago, there's a big possibility of an all-time high anytime now could be this month could be next month, after that 10% jump, I believe there will be a repeat, and the next pump will be another all-time high, maybe there's a possibility of 15% pump this year, who knows, several days ago the price is struggling until that big pump, so the possibility is not remote.    

There is no panicking happens since that March bear market in which every currency Fell down to Their lowest value.
Nowadays all we can see is sign of bullishness and also checking with the prices is really possitivities   

https://coinmarketcap.com/

Bitcoin Valuing more than $18,000 the very high price Bitcoin achieved after the Bullrun of 2017.

It cemented our belief that we are in a bull and all time high is very imminent Bitcoin is now at $18k and we are in November imagine if the movement of price continues to be like this, we will have an early all time high and who knows next month we have a lot of new records in the all the time high.
The only thing that we have to watch out now, is what happen after the all time high, where the price crash after recording the highest price, I hope it's different from the time high that we experienced in 2017.

What will expect, after the bull run there's always a correction that will come automatic, when the price corrects, don't even try to continue holding as we don't know how deep it will fall, better convert it to stable coins to preserve the value and just accumulate when it well start to rise again.

Don't get fooled my friend, this is just a cycle, and we've seen this before already, so let's make the right decision this time.

If some bigger price corrections will follow we will definitely see panic spelling. From past experience in similar situation we can conclude that majority of people never learn anything and most of them are not experienced investors who have enough patience and can bare the pressure. Many people involved in Bitcoin are not ready for long term investment.
So, history will repeat, I'm sure of it.

we have to fight our emotions when trading and investing,
don't follow panic sell if you want the target to be reached,
if investors and traders hold then we will see more Demand than sell orders,
this will certainly make bitcoin go up and there is no another panic.

It's been said many times that panic will not help you in making good decision, you panic you lose, so should know the result if you will allow yourself to be in that position. I've learn from my past mistake, so I will never panic anymore, hopefully the newbies will not experience big mistake this bull run and instead they will learn from other people's mistakes.

I think we know more and better about the pandemic than in March. although some of conspiracy theories are not helping in managing the economy. The measures are meant to buy time before the release of the Vaccine while people stay alive. With the rate of employment decline and no palliative it could put pressure on people to take profit in few weeks. Institution dont trade like the daily traders but they help with scarcity, so individual traders will still matter with respect to panic, however,Institution have the capacity to mop up any trade in the panic.

Panic sell will be done by most of the users who invest from their living expenses expecting good return in a short. This is quite risky, because with cryptocurrency we can't make perfect prediction of the market moves. This is where the panic gets initiated, the market fluctuation makes them into a dilemma whether to sell or not. This finally ends with a sell when the price drops.

There's a chance for panic sell to happen but with the market yet to reach a new ATH price and the enormous traffic which the cryptocurrency market has gained this year even if the bigger price correction happens i expected few investors (which i believe are naive investors) to panic sell.

It is likely that the current growth will attract many micro-investors who will try to get easy and quick money on the growth of bitcoin. In the event that a serious correction occurs, they will sell bitcoin at any price since they do not understand the crypto market. Therefore, an option with a panic sale is very likely.

They would likely to experience such stuff and its no surprise that when bitcoin hit up again its ATH then it will create some buzz which similar happened in 2017
which will driven off the price even way more higher and when it do correct or have some price crash then everyone will surely panic specially to those who bought on peak.
We cant be sure if 20k will be the level on where we do wait for some huge correction.For now lets see if it do able to held up or not
and im anticipating that panic will surely be there when the time comes that bitcoin price will go down in a fast manner.

Apart from this obvious scenario, we must not forget the miners yet. When the price starts to rise, they will start to bring new capacities into operation like an avalanche. This will gradually reduce the profitability of mining and at some point miners will be forced to sell most of the mined bitcoins. This will have an additional impact on the market.

This time the chance of panic sell is low. Previously the market jumped high and dropped low in high margin. This really creates panic among the traders and investors who are new to the market. This time the market is quite stable and growing without much of hype and much of sideway deviation. Panic wave won't happen unless a major crash happens, and if something unexpected happens suddenly the market gets pulled down drastically as people tend to take back the profit which directly affect the marketcap.

I hope we have pass that stage as BTC about to begin its bull run that will attract institutional investors into the arena. Many surprises lies ahead of the year 2021.

We will only see that after we hit another all-time high and investors did not panic after a month, if there is no panic Bitcoin will continue to create more all time high, I guess we are not yet ready in 2017 that is why the market crashes, but now investors have already matured and they are more enlightened compared 2017.

There is possibility now that people are panic if they saw only a some decrease but I hope crypto user will be relax once the price dump but Im very happy right now of what is price of the bitcoin because 20k dollars is really possible so we need to be ready this year a high possibility to hit this price. Panic will not help to us it can cause only a trouble for us because we are affected if the big dump happen.

I think we are already witness another panic as bitcoin is dumping fast and is below 18000$. The big question is how far will this dump today before being rebound. I think it will test the support now and the short term investors will be out of the trade.

It has started, and I think this is it, the correction that we are expecting and I don't know how low it will dump.
From $18k+, bitcoin is now only traded at $17600, makes bitcoin dropped 5% in less than 24 hours, and it's not done yet for sure.

Brace yourselves for a possible big dump to come!

have you prepared yourself to see the increase that will occur?
Bitcoin has not undergone a correction, and it is clear that a correction will come and make panic selling occur.

I doubt that people would ever panic the way they did during 2018. Nowadays there are people who sell 100+ million dollars worth of bitcoin during this period and it was all eaten up by the order book and the price kept going up, or had a small fall but went back up very quickly.

I have seen it with my own eyes, the price was around $17k or a bit higher and it went down under $17k to levels like $16.8k for a while because of a HUGE sell pressure, and order books just took that all dropped a bit and kept moving forward easily without ever crashing. Nobody acted with panic, nobody got scared, everyone just kept on chugging without stopping and kept on buying. That means panic is something real in crypto world but not looking like a big deal right now.

No, bitcoin remains intact trading $ 18k + and see with that base drop back quickly so I think this is just the start to go up to $ 20k in the near future.
Still, we will correct what happens in the future, but in my opinion the trash will not come, but history will repeat itself this year and we must prepare when it soars.
I've been speculating that this will soon come in the not too distant future.

Why do you think that nothing unexpected can happen now? Right now, this is very likely - I see great instability in all important areas: politics, economics, medicine. In addition, unforeseen crashes of exchanges always happen, the reasons for which we learn only from the news.

Seems like that was the last panicking happen this whole year because as we can see in market we are entering the Bull market once again and if ever there is a fall maybe just a little comparing to what we have last March.
And also People here now are learning from their past mistakes that Panicking will bring them nothing but losses and bitterness.
And also it is not Only Bitcoin who has been sold in the last pandemic instead almost every coin that has been in hands of holders being withdrawn and just converted to bitcoin before fiat.

Panic always happens in the market, whether panic buying or selling, manipulators are still dominant here.

What we have witnessed in the past days was just a small dump, bitcoin is back in action again but always expect the possibility of bitcoin going back to $17k and even lower, it's normal as it has pumped so much in just a short period of time, correction really is needed.

If you are trading just enjoy each and every moment at this point of time short term investors are taking the credibility than long term investors.

Trust me you can earn even in day trading as the fluctuations are extremely good that's the thing you need in day trading buy/sell for small profits and make as money as much as you can, BTC is giving multiple options now the choice is yours.

I think regarding the market right now that is bullish, especially by looking at the rising price of bitcoin, there are some groups that are looking for a temporary profit by selling bitcoin.
The case for panic at this bullish moment was when the announcement of the winner of the U.S. presidential election Biden. Bitcoin briefly dropped, but rose again quickly. Perhaps there are some groups that sell their bitcoins and some who panic sell. But quickly the price of bitcoin recovered again, as many bought back. Now even the price of bitcoin exceeds $18K.
I don’t know what will happen now at the time of bitcoin correction. whether to be accompanied by panic sell or not

I do not agree with you on this; as a trader you have no business fighting or balancing your emotions when trading or investing. As a trader you need to take charge of your emotions; you need to take charge of your mental health; figure out when you are fit or unfit to trade; and always ensure that you understand the emotions on play at the market before investment.

The market is compose of different group, those who sell or buy in short term or long term, and those who short or long the market.
It's a different interest therefore don't expect that because it's bullish now, it will be forever bullish, I'm sure the past has already teach us how to make a smart decision this time.

I don't know the reason why the presidential announcement of the US president has something big to do with bitcoin, these people dictating the market movement now may easily dump it, so be careful with that, always be alert, don't get caught and forget about HODL for a while.

Time to make profit now.

Well look at it now Bitcoin is drastically increasing hitting the mark of $19k which is the highest price we have seen so far since the 2017 bull run. I can't imagine the emotions of those people who had panic and sell their holdings at an early stage.

Yeah, I'd say you got a point there. After all, it will always where we are comfortable with whether you are into day trade or long-term trade, both can be profitable but they will only vary on the risk exposure. Of course, day trading requires more experience coz you gotta make your own TA.

I think this should now be a mere speculation as people are more confident in BTC than any other tokens/coins and there is no any form of panic. It is the best thing that can happen to us at this era where we are not a custodial of our own bank.

Not in the near future because observing the market now it seems like Bullrun has finally started and what we are seemingly having is some Correction and small selling while majority now are on hold and focusing in the coming movement of each coins specially the top 3 coins.