Bitcoin Forum

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

How about BTC is going down all the way below $10k? :-P

/s

^  https://i.imgur.com/kenYm6I.gif

Let it happen. The less weak hands in the game, the better for Bitcoin.

That was just a glance of $50k and that's what happens most of the time. We get a glance and after a couple of days, it will go back and becomes stable.

Yup, no need to panic. Bitcoin as usual, resilient.

they have been trying so hard to push the price down over the past 2 months and have been loosing money in the price just as long since the failure to bring bitcoin down is hard and the money lost in the process is bitter.

part of the $50k resistance is because of the psychological nature of round numbers in bitcoin. it may sound hard to believe but each time we reach such round numbers (1000, 10000, 50000) we see people sell a lot for no reason at all.

the buyer's power is too strong to bend to the will of some panic sellers though.
so yeah, don't panic buy when price shoots above $50k and suddenly reaches $65k try buying now that you are calm and price is still low.

There was nothing unique about the price movements imo. Resistance levels are expected at certain price amounts; this could partly be due to psychological effect of breaking above a new milestone.
Over the next couple of days, we would likely see Bitcoin test the $50k level before eventually breaking through or correcting slightly.

Could create an opportunity for a short, that's if you'll make financial decisions off a "vibe"  :)

oh yeah, I like the slogan "buy the Dips"

Dips (market corrections) are Bitcoin's best art.  Bitcoiners must have seen this phenomenon many times.

Panic when dips = beginners with no basic experience and only buy Bitcoin from Elon musk tweets "lol"

I would welcome it... if it immediately bounces back to $30k :D

Buying cheap Bitcoin and then tripling the dollar value in a day... sound like heaven! So, Don't Panic II!

Yeah, I'm watching it like 4-5 hours ago when it reaches $50k and even higher and then suddenly $1k drop, LOL. But I said maybe there were a lot of longs being liquidated at that price or the usual trading bots doing their thing. So I'm not surprised though, sooner or later that $50k will be broken again and again. No need to panic, we are still in February lots of thing can happen. And I doubt that it will go down to $30k though, investors knows that we are on the way to 6 digits this year, so the moment they see a good opportunity to buy at $40k, they will do it right away.

I think this is not gonna happen, we all stronger rather than in the past, so below $10 is non-sense. Maybe my opinion is not gonna happen but everything is possible for crypto, Bitcoin. And if this happens, I will buy as much as i can.

Its a short term move and very hard to call and even if you are right the total volume is nothing compared to what bought us here but yea maybe we revise lower prices but Im not sure if its really especially lower or just mildly.

https://i.imgur.com/q7VWcbb.png

Bit of a possible break here and its only really confirmed if it cant bounce one more time from this line where price is now 48k or so  The lows are always more reliable then highs to call, its bouncing on this point and if tested too often it does suggest a lower price occurs as people just stop buying into this point.

2 day average move to weekly average just below and thats probably where its more important how it resolves.   The last two pin candles there, notable action is Japan prime time or that time line at least I just say Japan in presuming they are the richest more tradable country.

Lol there definately could be a sell off and there definately could be a rise straight to 60k next.  Point is who knows if you cant lose the only you have in then crypto isn't the answer.  I agree with you dont...never panic.  Ypu make irrational decisions on selling low and buying high when you panic either way.

Im seeing the other way around on where it did make out some rejection which did really make the price a little bit down but now its trying to cling back up.
The market is trying to break out that resistance and lets see if it would succeed or we would see some serious correction after how many tries?
These times are the most exciting if we do really see the market is trying out to break a certain resistance on where everybody is anticipating.

I don't panic if I hold Bitcoin, market correction is normal. I also buy many altcoins and all are dumped because of correction but i enjoy it. I will keep HOLD my asset and never cut loss because this action will give me regret. And I try to buy at cheap price.

Panic only for people who don't have/less the knowledge or weak mntality

We all knew that at some point Bitcoin was going to pass the last ATH and go higher. The reason why we all knew this is that Bitcoin followed this pattern in the past, some time (~1 year) after halvings. We also know how all those new ATH in the past ended up. I don't see why this time it could be different. Corporate money coming in does not explain the way Bitcoin and the Alts are behaving. Whales are still doing their thing and, as usual, will pump the whole market until an irrational point and then burst the bubble. To me, it's just a matter of when. While I see it happening, I take profit transforming the little numbers on the screen to some FIAT (I don't mean USDT on Exchanges, I mean those funny green papers). Will I sell all my coins? No fucking way. But I will sell some as I see it goes up and up. I just know it's gonna bounce and it will go above most of my exit points. The good news is that, if I am wrong I still have a lot of coins to be happy about it ;)

The usual dumping once we reach all time high again, but this time though the dump is very evident as everyone is looking for this number. In any case you are right, don't panic, and those who sell at $50,000 and believed that after this we will see a huge dump will regret their decision if the price bounce back after selling it today.

Looking at the price, this rally will continue again to $60,000 at least. So let's see how it pan out in the next coming days, instead of panic attack, everyone should get excited here. We are now in the road for $100,000.

There's nothing to panic, no reasons to react that on that kind of changes we seen lately. I'm making myself motivated now and hoping also for everyone that they'll make themselves more eager to face FOMO. When market fluctuates bigger, opportunity will come and we will be able to buy another coins to fill in our wallet.

Well you are right lol, for every pump in price there must be a drop back in price lol; but i think that is not enough reason to panic; the core reason to panic meanwhile lies in what happens when bitcoin gets back to 40k; does it spring back up? or continues to go further up? The uncertainty worries the weak hands.

That's a normal scenario if there's a breakout or a new all time high, and panicking is normal to those with weak hands and to some that wants to take profit. We can expect a big correction after trying to go beyond $50k, stay compose and don't panic if you see the price of $38k in the coming weeks.  :)

I'm not panicking, are you panicking? It's very probable that a lot of sell orders were nested and triggered exactly on the $50K mark, which could explain why we immediately dipped a grand right after.

Another ATH again just this very moment

https://coinmarketcap.com/currencies/bitcoin/

Closing to break 51k , and maybe we had strong hold at 50k now.

I don't think there are lot of sell orders now , instead people now are on the waiting game , there are so much Hints that this will break 60,000 that's same reason why there are only few sells happen overnight now.

Dubai’s IBC Group Pledges 100,000 Bitcoin, the Largest Bitcoin Investment in History: https://finance.yahoo.com/news/dubai-ibc-group-pledges-100-175500092.html

It seems the ride continues! :-D

I do not think these socalled weak hands are the same people selling to take profit. I think some traders are trying to be smart and call the top near 100k, but they will sell at every landmark point, knowing the retracement will allow them back in at a few percents.

Dangerous game to play though if the corrections never happen and they miss out on big run!

Its just impossible that corrections wont happen because you wont call it a market if it would have a continous rise for a matter period of time.You are right that not all sellers are those panicking people,

they are just trying to make out profits in this very short time which isnt something new into this market because traders can be classified into two for which ones who do hold and ones who do actively trade.

Yes, it is more risky though in playing with this very volatile market but very rewarding if you do make it right.

He "pledges" 100k, that doesn't mean that he will give that. First of all as far as I remember correctly grayscale has a lot bigger amounts than 100k, and this wouldn't be the biggest one anyway but would surely be amazing investment if it was valid.

However the reality is that he pledges it and not given it or anything yet, dude could get away with it by sending 5 billion dollars and say that "its worth same as 100k bitcoin" and be done with it, I am sure the foundation wouldn't be upset about that neither, in the end they are getting 5 billion dollars and that is not a joke. Until he actually buys it and sends it there and tries to use it for betterment of blockchain and technology, we are not going to see that priced in, it is just a news and western media is barely interested in rich whale Arabs doing anything, they really do not see this as news.

Of course if a dump occurs in the bitcoin price like what happened yesterday when the correction at $ 46k, all traders will experience panic,
because we know the indicator is in the overbought zone, so the possibility for a deeper correction is still very much possible,
yes even though there will still be an increase. as it has happened, for sure if you have cut lose don't regret it, that's the most important thing

everyone will panic if bitcoin price drops below $ 45k mate, because the strongest support is there, that's why a few days ago bitcoin price dropped drastically and altcoin dropped by 15%, but I am thankful that the bullish path is still stuck and the rally is getting stronger to reach it. $ 80k, hope this year dreams come true!

I don't why people keep panic if they already know the history of Bitcoin. I mean why must panic, better you enjoy it, and if the price is down better to buy it. No need to panic at all. You choose the no1 Investment. Buy and HOLD and don't panic

No everyone, I'm not panic at all. Only people who have less knowledge and a weak mentality will panic

If those are the vibes that you are getting that is fine however bitcoin is once again above 50k and it seems that this time it is going to make an effort to remain about that level, so like always we need to be very careful because just as you say there is always the possibility that the price suffers an important correction but just as that is a possibility there is the possibility of the opposite, that the bears give up on defending that level and they finally join us and the price skyrockets out of nowhere.

Hello tokeweed,
I don't know about the sell down if people want to sell right now or people that would want to continue in holding, either one it is still profitable for me, but right now the price don't have a sign of going to break the loop of increasing,

there are a lot of people on twitter speculating that Bitcoin will continue on $100,000 USD this year, if its true then I want to buy more bitcoin but it is a risk in doing so, because the possibility that it may go down right now still has its percentage.

I am not panic and can still calm down because I already sold some bitcoin and enjoy the profit ;D

I am still waiting for the next high price and next ATH as I am sure that we will see that happen soon. I am also waiting for the dump at the market that can happen too, as I want to buy back Bitcoin at a low price. I watch bitcoin price, and I guess that the price can be like that this weekend, and hopefully, the dump will not happen. If the downtrend comes to the market this weekend, I hope the down will not be too deep.

Say this to those newbie investors who have weak hands and can be easily tricked by these negative articles that are spreading on the internet.

As for my part, I've seen it went down from $8,000 down to $4,000 last March 2020 in a span of a day or 2 and I didn't feel any panic but regret because I don't have any money at that time. That is the last time that I will see Bitcoin at that price again :'(. Huge sell down?? Let it happen so we can buy more at a lower price :)

This is the right attitude to have, a crash is not something to lament it is instead an opportunity that may never present itself, just last year we had the opportunity to buy bitcoin for 4k during the crash we saw in March and now less than one year later the price has grown more than 10x, crashes are opportunities that we need to take advantage of because if we do not then we may never see such a low price ever again, however I will admit this is difficult to do since many get fearful the price could keep crashing and they could lose money as a result of this.

Why panic people are used to it we are have just gone through three years of the bear trend, it's nothing new to us, even the pandemic did not stop the market to go to one dollar, we have through a lot of worse thing in the past, the dip is something that we should always welcome because it's an opportunity open for many of us, get used to it, it's part of the market ever since.

This is our right time to enjoy that profit that we dreamed of, and if $40k is possible I think it would recover so fast. Unlike the days that we're striving harder to see $20k that time of 2018 up to 2020. Bearishness of the market made us learned several lessons, and I believed traders won't allow failure to pull their asset badly.

Panic is admirable if timed perfect and in transition counter balanced by an equal amount of excessive greed just as the price finishes its fairly brief sell, which is normally the pattern of a market rising fast but with profit taking by speculators.

https://i.imgur.com/4RrrUnmg.png

Action I have recently is within bounds and reasonable overall, my main regret is I look away for a minute and its mostly finished.   Right now its doing the normal deal of wavering around a 12hr average, rapid bullish momentum still would be fair assessment.
   So below is the 2 day average rapidly rising, I was going to say if it holds 55750 but really I'd expect it to have to deal with this lower average again.  It marked the lows yesterday, its moved fast to converge (https://i.imgur.com/Ga4Vrk3.png) with the 12hr as of course they are both fast momentum parallels and we'll see if it can hold that amount of energy to close out this weekly bar.     For a trade, downside target of 53k would be attractive to some traders perhaps but its not indicated thats reasonable prospect especially.

You will only panic when you buy at its all-time high then market crash, I don't see this happening sooner, but taking a precaution is always recommended the memory of 2017 is still fresh and many investors lose their investment or sold at a loss, it's something we should consider when looking at the market and planning to buy.

from $57k to $40k is a 30% dump even though this kind of drop is not unheard of in bitcoin history but it doesn't just happen out of nowhere and right at the beginning of the rise. don't forget that we just had one recently and these big drops aren't happening every day.
in my experience the next 30% drop would happen at below $70k when it fails to break.

This is not the time to panic, you just have to be restrained in your negotiations, although it is not advisable to buy at new highs or highs, I think the price will continue to rise.

Although I am not a fan of following advice according to the news, this time the greats are very eager to obtain bitcoin, both Microstrategy, Apple, among others that are very influential in the world, but let's ask Elon Musk ..

Apart from emotions are the ones that at this moment are moving the market, I still do not think it is time to wait for a strong correction, perhaps one is pending, but not with strong intensity, at least as I see it, this when seeing the volume of talks.

Since I already sold part of my Bitcoin at $ 57k, if the Bitcoin eventually corrects to $ 40k I won't panic. But I will be happy, because I can get
a chance to buy Bitcoin again. Actually, for those who have long invested in Bitcoin, already used to the ups and downs of the Bitcoin price.
The real panic is actually a newbie, who is new to investing in Bitcoin.

I love how WSB brought "weak hands" "diamond hands" and many other lingo into our world as well. Anyone who gets out and runs from the slightest fall is a weak hand for sure, why would you go out right now if you haven't bought bitcoin like for the first time a day ago? It should be obvious that 99%+ of the crypto people are in profit right now, if you bought at ANYTIME before last week you should be in a huge huge profit already, which is why I think there should be no reason to fear.

If you already bought under 40k price, that means you could wait until it goes under 40k a bit (I understand if you sell at around 20k) and if you are not capable of waiting that long, I think it is obvious that you are not going to be profiting from it considering it is going to be higher and higher while people are scared and running away, those people will lose money while we will make a profit.

I panic when I see txn fees lately :D When I saw BTC reaching $56-57k I felt like it's about time to sell, but the fees were just skyrocketing, so I thought that maybe it would be wise to swap BTC for ETH and then sell (this used to work some time ago), but fees for ETH are even worse! So I decided to sell BTC as it is and paid a decent txn fee (or so I thought), based on transactions in mempool, but it still got hung up. Now I regret not paying the max txn fee, because I ended up losing more due to the recent BTC price drop.
I guess buy nice or buy twice, in times like this it's better to overpay :'(

Bitcoin had touched $ 50K and experienced a bounce there, now it is trading at a crucial price of $ 53k,
 maybe it will test support again, especially when the RSI indicator on big tf appears bearish divergence,
becareful to buy Bitcoin and altcoins, oh yes of course don't panic .

lol make a specific speculation bro. Don't just make a predictions without making a TA through the graph it self.. Its not good.. Follow the rules when it comes on that situation wherein in order also to get the real information and potential direction of graph, instead of jumping on something such panicking which is not necessarily to do.

Up and down is the part of crypto market. While it is not advised for someone to enter during bull phase but if someone has bought at ATH, he should wait for next bull Run.
It may take a year or two but it will happen for sure.

What bad news? I did not hear about it but its perfectly timed as always.

Panic is laughable when timed badly though, that is very important aspect. Think about it this way, people who saw bitcoin having hard time breaking 20k all sold because it was already too high, and I am not joking anyone who remembers here bitcointalk on the period where it took us nearly a whole month to break over 20k will remember that everyone was talking about reaching another ATH and that was it, not going to be anything more, the price reached 19.6k or whatever and dropped under 18k about 4 or 5 times as well, when you combine a whole month of failing to break over 20k and 4-5 tries and fails there were ton of people who thought it will not go up in return. What happened?

We peaked nearly 3x that price with last ATH, which shows you that those people were wrong. Sure they seemed like logical at the time but the end result became wrong in the end.

See no reasons to panic today, because by looking on 7days change graph, the market is in its natural condition. Some alts gained, some lost their value. Top cryptocurrencies shows growth. Of course it is hard to see red number on the coinmarketcap or coingecko, and have passion to sell immediately. But if people would look more general, they would see that they havent lost much and more likely would recover their losses soon.

But I suck at it bro.  And it’s just a vibe I got that time.  You know bro...  The feelz!  It’s like an energy thing.  :D

Anyway, I haven’t looked at a single chart since the huge sell down.  I sh*t you not.  And I wouldn’t be a bit surprised if BTC is at the lower 50’s or a tad lower.

Edit:  Took a peek.  Ugh..  it’s even worse.  It went as low as 45k?!?

Edit:  Now I can’t stop looking...

Panic. Better yet, strongly and aggressively short. The price will never exceed the ATH and by the end of the year will be closer to $10k. It's pure science and math economic fact.

My dude! Good to see you round these parts :D

Just doing my part to save people from a future of financial catastrophe. Gold looks like a solid investment.

I can confirm this, and have reliable sources in China that can also confirm it too.

This guy confirms.

Yeah, that's kind of the sucky part of bitcoin rocketing to the moon--you have much less incentive to spend or send it to other wallets.  Crazy how high the fees are.

Whatever happened to Kwukduck?  Anyone remember him?  He was always so bearish when bitcoin was rising and I always thought it was amusing how wrong he'd be--and then he just disappeared.  Maybe he finally figured out that bitcoin is no joke as far as being an investment and went long on it.  If he did, I doubt he'd report back here telling the community about his change of heart.

Oh yeah, and don't panic now either.  Bitcoin dropped about $10k in the past day or so if I'm not mistaken, and I'm sure that scares the hell out of some people, but for the rest of us who've been watching it for years it's just business as usual.

I think we all have memories of that crash and we learned our lesson, which is why I really think this in part can explain some of the behaviour that we see in bitcoin at the moment, we are seeing very quick corrections when it comes to the price, and I think this is because people have not forgotten what happened back then so whenever there seems like the price is going down everyone begins to sell as quickly as possible because they get in panic of losing their money, but then when that panic is over we see a quick recovery as it is clear the price was not really crashing and it was just a correction.

Those who sold their BTC in panic must be repenting now.
Those in crypto for long time know that price do fall and rise.
Now BTC is back again at $50k. We are in for new ATH

Bitcoin is unpredictable yesterday when price of bitcoin dropped to 45k$ people started selling their coins, they were thinking that bitcoin will go to its lowest price again but it was the technique of big traders they dropped price create panic and buy coins at lowest price now price increased almost 6000$.

I think whenever price goes down, that is due to some news, it could be a news we all hear about or it could be just some whale going away, I have seen nearly 5 billion dollars unlocked from a wallet and that is a big deal, maybe it was all about that. Let's be honest if the price goes from 58k to 53k from a huuuuge whale selling their coins, that will always be followed by other people selling because they are scared as well and they will make it go under 50k just because of that.

It is something like that right now, some whales got out and just because they got out we have to watch these morons thinking bitcoin is somehow dropping so they sell where in fact it drops because they sell in the first place, and there is nothing we can say to them about not selling because everything is okay. Bitcoin was the bitcoin 5 months ago when it was 20k, it was the same bitcoin a week ago at 60k and it is the same now that it is under 50k, nothing really changes.

It's true that panicking when the Bitcoin price falls, it will only hurt us. Many people get scared when the Bitcoin price drops below the $ 50k price,
even though as we see the price of Bitcoin is now back to the price of $ 50k again. This proves that Bitcoin is indeed very well performing, seeing
the strength of Bitcoin resistance price at $ 50k. It's a good thing if finally the $ 50k resistance breaks through, because surely the Bitcoin price
will soon rise even higher. It could even hit a new ATH at $ 60k in the next pump.

Well, I don't think it really hurt us but I supposed to think about an opportunity to buy at a cheaper price since these panic sellers will dump their Bitcoin in desperation. They don't think about the losses anymore because what is in their mind is to sell it no matter what it takes. That badly it takes and they will just realize later when the price rises again that they are wrong.

But even we have this scenario has often happened, many we're still not learning this and they keep doing it again and again until the next drops.

I feel BTC will hit 100k 99.999999% this bull run.

HODLING until 90k then taking profits for semi retirement :D.


I will never sell all my BTC and neither should anyone the ability to fully control your wealth is amazing.

Same here. 90k small sell just to make bitcoin investments worth it for the rest of my life even if it goes bust.
Try and sell a little bit more at the top 190-350k and buy back at 35k or so. That way I increase my HODL.

Yup..  It’s a pain to use rn.  I was sending some BTC to Nitrogen last Friday for some weekend betting at a fairly mid sized fee for how high the mempool was.  The transaction took more than 36 hours to confirm with me missing all the spots I was planning on making my bets on.  :D

China has become both the largest producer and purchaser of gold, they dont especially export afaik.   Its very much the policy to accumulate gold rather then dollar reserves in the traditional global reserve system.   Its quite a straight forward conclusion they intend to move away from purely FIAT trade towards some like gold related standard.    The problem being at century start China had no gold and being such a large country they spike the price of any commodity they engage with, hence the low key accumulation but because its continual the trend is fairly obvious for gold vs dollar imo.
   QE policy is going to end up being viewed as nonsense in retrospect, that is a reason for panic imo but its without sound or warning like tsunami maybe the hints are there we will see a vast landscape change.

I can confirm sgbett's Chinese sources, and did many late night math calculations with scientific proofs to 100%.

It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.

But doesnt mean that you wouldnt be careful towards your investment or trading activity because even if you do know that the market could recover then you would be
definitely be confident and might result into those careless move of yours towards trading.

Dont panic suggestion might sound simple but it isnt really that much of easy when you are on the actual situation when you do saw that the market is dumping and so
as with your portfolio then this is something that you cant just ignore off.

Experience will be one of your weapon to deal with this speculative market.As longer you do deal with it the more aware you are on possible situations that might happen.

For now the best thing is to wait, the market may take a course that no one expects, everyone points out that it will drop in price even more, but I am one of those who think that it is necessary to follow the opposite of the news, this taking into account that emotions For now they are ceasing a bit, and mostly the very good news was resulting in the high prices, as now everyone talks about correction and that BTC will go down more, for me it is an indication of buy.

I agree that in order to reach the peak again, then we will encounter a lot of rock road ahead and it's just normal in bitcoin. However, I disagree that we will see another bear trend though, as you have said, this pattern is normal, and we have seen this in the past. The bulls is still taking over the market. Maybe it is just resting for now and gathering momentum for another run next month.

Calculations are confirmed. Proofs have proven to be confirmed also, reliably.

There will always be people who fear a big drop and run away, but I do not think that anyone who has been around enough would be scared of such a "drop" because we have seen corrections before. I mean anyone who knows what a correction is, anyone who knows how to trade, or even have a slight understanding of finances, would know that this was nothing at all, this was something quite simple and there was absolutely no way that people would be losing money because of this.

We are in a situation where fall creates a panic which makes people sell but those are people who we should not have in the crypto world anyway, they should leave if we can send them away and people who are willing to buy when it is going down should stay, we are the ones that will take advantage of the crypto increases because we are the ones who didn't panic during this period.

Don't panic because this trend is normal,  and we have seen a lot of dumps before and the fact that we survive until now, that means we know how to control our emotion again. There are bullish and bearish trend, let's play our cards effectively. It's been days that bitcoin is dumping and I believe it could dip lower than the current price, maybe at $30k again or more going down to $20k, but we should remember the words "DON'T PANIC", that is very important in situation like that.

How you think it will drop gradually in upcoming days, we know the current situation of BTC so traders are keep supporting the BTC automatically it will going to moon. The current traffic is little noise in all the hunters so peoples are ready to survive in other investment. I hope again next bearish market is totally changed in crypto industry.

Price action is once again in the area of the recent lows, frequent test at this point and not especially reacting to surpassing the duration of the downtrend with a bounce back that reaches 50k again.   The high prices match the 2 day average which is in decline at this point though the overall average could be said to be sideways its yet to prove itself beyond the negativity.   I wont assume its especially negative beyond short term profit taking, a rally this size should be pulling back if its going to sustain in the longer term.

it does break the 55k mate and actually even higher as the recorded Highest price Goes up to 58,000$
and that's the highest and then starts the fall and now it looks like those who have hold up to that ATH is now starting to rattle and panicking so the price went down this low at 44,000-45,000 in which the lowest for the last 2 weeks.
Hopefully this is just a correction and let those panicking frustrate when the price starts Hyping again in the next weeks or before the end of this 1st quarter.

What I do not get is why more governments are not doing this more openly, the fiat system is coming to an end, to think we can have all the currencies in the world not being backed by anything and that they can be created at will seems like a recipe for disaster, governments especially the US have abused this power and it is possible China is thinking on backing their own currency with gold and could try to take over the US dollar role that way.

@Silberman. I shake my head. How can people in the forum say this? The fiat system is not going anywhere. Do you know that the technology and comforts you enjoy in this time of economic expansion and technological advancement is because of the fiat system?

$40,000 is coming again in which the price of the bitcoin is in $44,000 again right now and I am a little bit panic because of the heavy dump that is happening right now, many says that the bitcoin will continue to dump so many people are scared on it but I am seeing it as an natural because I've already experience so many cases that is more likely happening this time so I am confident that this is just part of the correction. If it dumps then wait again to pump in order to sell and get profit.

^  Here’s the funny bit.  It’s not only you.  Lol.  There are lots of other people like you who’s getting close to that ‘point’ and getting ready to capitulate.  

One of my bags have already started to trend down so I had to sell for a small profit.  CRV/USD.  SNX and SXP are the next to go.  But I’m not sure if it’s time to tether up tho.  There could be plenty more upside left.

Why you need to panic when you knew you can get those profits back once the bitcoin increases again and if not then you should panic then , ever since theres still other coins where you can invest even though some of altcoins are going down too , well if you had enough money to reninvest or buy into new projects why not it's worth to risk too just don't too greedy that much

Why though? I mean I get that the price could be dropping, but why are you worried about it? When you know that it would go up that means we could always buy from cheap right now and profit later on, so why be worried about it right now? Of course you could end up with something much better in the end if you know what you are doing.

I am not saying it is not that bad or it is bad because of course some people could have bought at the wrong time and they could be very much in loss but there is really nothing worrying about even if you bought so much because you could definitely end up with something that would make you some money in the future if you use this opportunity very well, that is why I believe we should be careful and do what we can but we should definitely take advantage of the situation while being careful about it as well otherwise we may just feel upset about this.

You are right, but not everyone will think like you. I join the crypto group on Facebook and every day I see so many people get angry regretful because their assets were dumped. This is annoying for me, every day I see people grumble. A lot of newcomers join the crypto world with little knowledge, that's why many of them panic

I think we cannot blame a newbie if they panic because everyone really afraid of losing. But crypto is always unstable maybe they can figure it out soon or they can maybe control thier emotions if they experience a huge loss or a big profit in crypto, experience is more important to become more prudence on making a decisions because if you are an experienced person yoi cannot get easily panic and you will really earn.

I feel like BTC/USD is gonna go sideways for a little while, prolly a couple of weeks, giving alts to catch up with BTC losing ground on dominance and solidify the much awaited alt season imo.

https://i.imgur.com/5FcidES.jpg

And it’s still very early into alt season judging from the last time alts broke out of their highs.  But dunno...  I could be wrong.

https://i.imgur.com/XKgoYO2.jpg

You were right in your guess.  Bitcoin approached $ 40k and reached 50k levels again.  panic sellers lost.  Isn't that what's important in bitcoin anyway?  We need to not panic sell and be patient.

It is a normal movement and oldies are getting used to see this coming. Whales joined the game and making the price crash to buy more coins is a classic thing

Panic sellers aren't that huge compared to the years before 2017 and their effect aren't that important imo. Volatility is linked to trading mostly which is partially related to the good/fake news.

So most probably the price will start crashing now as they want this to dump so they can start buying cheap. It has become a cycle, after hitting a new ATH bitcoin start to correct, price dump and it will give them favor to accumulate.

I guess our best way to make profit is to join them, follow them by start accumulating as well.

Right mindset to have but its really hard to be done when you are on the actual situation because you wouldn't even know if its really tending to pump out or would crash.
Determining the market next move would always be a pain in the ass for everybody.This doesn't exclude even to those veteran ones but you can really able to tell the difference
between a noob and to an experienced one.Market cycle is always been like this, it might looks manipulative( it is) but as a small time trader you should
really know on how to go with the flow.

There's nothing to panic about, but what I am seeing now is potentially we're going to witness more buying factor instead of sell. Once price drops at bigger portions, I think more hungry investors will enter cryptocurrency with an expectations that they'll able to gain an assurance of bigger profit. However, it's risky because most traders were newbies in this field.

It depends, even if they sold their coins they still got a lot of money out of them, it is not like the people that lost in March of the previous year, those people really made a mistake by selling their coins for such a low price, but the people selling now are still doing well even if we think that over the long term this was a mistake, also it is an easy mistake to correct, the price is still below 50k so they can always buy the same coins they sold and jut lose a little bit of money on fees.

This is exactly what I told people and they didn't realized it, I mean we are in a situation where bitcoin will be forced to go up, and nobody can stop that, but for now I believe alts are too low and everyone has seen what they can be, like BNB was 340 dollars or so literally just some days ago, it hasn't even been 2 weeks I think, so obviously people will "if everything is going up, bnb will be 340+ again so I should buy it" and they will go in there, which is why I think we are doing fine.

Not like that is a bad thing, they should keep investing into crypto, that is the good way, but that doesn't change the fact that bitcoin will have to wait for it for a while. Basically life will be a bit more stable for bitcoin for a while, be at 50-55 range for a week or two, and during that period alts will go up about 50% or so and reach to previous all time high levels.

Whenever there is a correction they always panic I think this is not a strong soul because I know I think they bought at the current price, not in the past year and when the market recovers it will definitely regret that it is too careless and underestimates how strong bitcoin is today.
A strong holder will definitely hold on to reach the top again look at now it is still at $ 50k and it's only in the first quarter so I think we have a long way to go, we still have big hopes that when a few months will be passed that's holding on in the long term will be a long way off. better.

All or majority in the community is been aiming for breaching out that 60k price where people been calling it off and expecting for it to happen in a short time but as we can see on how the market had been rejecting those attempts and now the price had corrected somehow below 50k price.Lets not really be on the rush, it would be much more preferable to see the price on clinging up on a good and gradual way movement rather than seeing those big long candles in a matter of day then suddenly turns out red in the end.

Panic is normal since we are just human beings but when you do deal or get engage with trading then you should really be able to suppress that kind of emotion because this will really be putting you up in trouble or mess
if you do allow yourself react on a particular situation.

Experience would be the key on controlling this because once you have it then you are surely aware on what you should gonna do next.