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Title: Don’t Panic IV Post by: tokeweed on March 17, 2021, 04:20:58 PM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it.
As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over. https://i.imgur.com/Yqakfvn.jpg https://i.imgur.com/0V2KtUN.jpg And some alts are in the green. Decoupling? Alt szn? Title: Re: Don’t Panic IV Post by: arufox on March 17, 2021, 10:44:22 PM Based on 2017, Bullrun ended after the massive gain, pumped so hard. But now the increased price still in control, nothing massive pump, so all pump and dump are natural. And you don't need to worry about every correction, because it's needed for another ATH.
If you see an unnatural increase in a very short period of time, Prepare yourself. But same as 2017 this will happen at end of the year Title: Re: Don’t Panic IV Post by: Baofeng on March 17, 2021, 11:17:11 PM Thanks again for this thread, reminding everyone not to panic because of the current dip, $61k-$55k. The good news though is that we have recovered some ground, $58k and probably could end the ween at $59k. I guess some whales decided to sell, and then others followed, push the sell button take profits and then decided to re-enter. Just the usual movement, but it's better not to be worried and afraid that bitcoin will go down hard again, just like what others have been telling in this board. Be a strong hand, we are still in the bullish phase.
Title: Re: Don’t Panic IV Post by: Fakhrulenclix on March 17, 2021, 11:22:36 PM How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI....
I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits Title: Re: Don’t Panic IV Post by: Wilhelm on March 18, 2021, 12:16:33 AM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it. As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over. https://i.imgur.com/Yqakfvn.jpg https://i.imgur.com/0V2KtUN.jpg And some alts are in the green. Decoupling? Alt szn? If you look at the 2016 chart remind yourself that those initial humps between September and November are where we probably are now. Once this puppy goes to the moon these dips we are having, will look like jitters on the chart. It looks big now but that’s because we are working with a magnitude bigger value than 4 years ago, and no mega ATH bringing it all into context .... Title: Re: Don’t Panic IV Post by: bbc.reporter on March 18, 2021, 03:47:05 AM How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI.... I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits This might be similar to Sylvester Stallone's Rocky and Rambo movie series. He will keep creating them for as long as there is an audience in Don't Panic thread series hehehehe. Title: Re: Don’t Panic IV Post by: pooya87 on March 18, 2021, 05:57:31 AM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. The difference was both in the rise and the fall not just the fall. The 2017 fall preceeded by a massive rise in a week that increased the price 100% after a lot of previous big rises increasing the total rise to 13,233%.This rise was a tiny 6% after the previous dump in a month and the total rise of this round is only 1,828%. Quote And some alts are in the green. Decoupling? Alt szn? There are always some alts that are pumping during any time you can think of whether bitcoin is rising or falling. Even in 2018 when bitcoin crashed there were shitcoins that got pumped (then dumped later). That is how the "pump and dump" altcoin market works.Title: Re: Don’t Panic IV Post by: Jating on March 18, 2021, 09:03:58 AM How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI.... Lol, maybe the OP is just trying to remind everyone specially noobs. I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits Human emotions I guess, if you see your portfolio going down, the first thing you think is that you want to stop the bleeding, so obviously, you want to sell right away to get that supposedly profits. But as you gain enough experience, throughout bitcoin's lifecycle of going down like every month, you will learn how to stay calm and wait till everything settles down. Title: Re: Don’t Panic IV Post by: slaman29 on March 18, 2021, 09:56:31 AM Hello tokeweed, nice to see you do something other than be a gambling degenerate.
Charting is fun but I stopped paying attention to the numbers and the patterns a while ago and now just look around as much as possible and see how people are thinking. You have to be careful when everyone is happy and optimistic, which isn't really the case now not yet, so good luck;) Title: Re: Don’t Panic IV Post by: tokeweed on March 18, 2021, 12:15:59 PM ^ Hah thanks. My background was really in finance, worked at a bank before I got into poker then some stocks trading then crypto with a little bit of gambling in sports here and there when I was playing lots of poker back in the day. I kinda suck at trading tho. It’s mostly guess work for me and a lot of bankroll management.
Title: Re: Don’t Panic IV Post by: philipma1957 on March 18, 2021, 12:22:39 PM here is why don't panic is true
USD and CAD wave goodbye to 2017. Bitflyer/ (https://bitcoincharts.com/charts/bitflyerJPY) * Chart Legend/Explanation * (https://bitcointalk.org/index.php?topic=138109.msg54917391#msg54917391)Title: Re: Don’t Panic IV Post by: davis196 on March 18, 2021, 12:27:22 PM Who is panicking?
The current BTC market has nothing to do with the 2017 BTC market.The 2017 price pump was more artificial,because it was caused by the scam ICOs,BTC hardforks(the investors bought more BTC just for the sake of getting free BCH and selling it for easy profits) and the BTC futures trading hype. The 2020/2021 price pump is caused by legit institutional investors buying actual Bitcoins(not BTC futures or derivatives). There's a huge difference.The 2021 bull market hasn't ended,but I won't be worried,even if it ends. ;D Title: Re: Don’t Panic IV Post by: sunsilk on March 18, 2021, 04:01:58 PM No need to panic. Bitcoin has always been bouncing back after it drops. And for the alts, the most noticeable lately is ADA.
Because of the news that Coinbase Pro listed it. Coinbase Pro Adds Support for Cardano’s ADA (https://www.coindesk.com/coinbase-pro-adds-cardano-ada) Title: Re: Don’t Panic IV Post by: Wilhelm on March 18, 2021, 04:07:53 PM ^ Hah thanks. My background was really in finance, worked at a bank before I got into poker then some stocks trading then crypto with a little bit of gambling in sports here and there when I was playing lots of poker back in the day. I kinda suck at trading tho. It’s mostly guess work for me and a lot of bankroll management. Most suck at trading.... therefore HODL 8) Title: Re: Don’t Panic IV Post by: The Sceptical Chymist on March 18, 2021, 04:13:24 PM Those little dips on this year's chart are exactly that, dips in an otherwise extremely strong bull market. 2017's chart shows a bubble popping, plain and simple. And while it's certainly possible that bitcoin could crash just like it did back then, I don't get the sense that it's going to anytime soon. A lot of bitcoin was scooped up by corporations that don't intend to just hold it for the short term, so there's been a not-insignificant drop in the market supply of bitcoin which should keep prices afloat as long as demand remains constant (or grows).
And with bitcoin teetering around $60k as I write this, I don't think anyone is panicking by any means--but we're going to keep seeing dips as people cash out and take their profits off the table, and that happens in any bull market. Title: Re: Don’t Panic IV Post by: traderethereum on March 18, 2021, 04:22:58 PM Who is panicking? People ;DThose who do not believe that bitcoin can increase more than the price now will panic if they see the price is down too deep and they will fast sell their bitcoin in the downtrend. That is what happen to them who can not hold on tight their bitcoin because of the downtrend, but we do not have to follow them. The crypto market will still fluctuate, but this time will not be the same as 2017, and I guess the bull run does not end until now because bitcoin and altcoin can have more chances to increase higher. So we should not panic and still calm down to find a chance to buy low and sell high. Title: Re: Don’t Panic IV Post by: buwaytress on March 18, 2021, 04:28:00 PM ^ Hah thanks. My background was really in finance, worked at a bank before I got into poker then some stocks trading then crypto with a little bit of gambling in sports here and there when I was playing lots of poker back in the day. I kinda suck at trading tho. It’s mostly guess work for me and a lot of bankroll management. Bank, to poker, to stocks to crypto. But speculative crypto like trading or shall we say more philosophical dabblings? I've to admit my crypto entrance was only as an alternative to PayPal, even if the interest was from a journalistic aspect, I never actually used Bitcoin until 2016 when I had a lot of time and was wondering how on earth to fix my Paypal to earn from abroad;) I learnt, as I'd said just a few days ago, the really hard away, I was like every trader. Death by leverage. And that was forex (way before Bitcoin) with 500:1 leverage very common haha, using e-gold ha ha. Title: Re: Don’t Panic IV Post by: sana54210 on March 18, 2021, 06:06:23 PM Hello tokeweed, nice to see you do something other than be a gambling degenerate. I have stopped looking at charts during this period as well, I am just full on bull right now and maximalist, I think it will be 100k+ or even get closer to 200k before the year ends, I know some people think that it is "crazy" but I still think it is possible. I mean we have gone up more than x10 from last march, why would it be weird if we do another x3? That sounds quite possible.Charting is fun but I stopped paying attention to the numbers and the patterns a while ago and now just look around as much as possible and see how people are thinking. You have to be careful when everyone is happy and optimistic, which isn't really the case now not yet, so good luck;) Doing 3x from 4k to 12k requires "small" capital (compared to what comes next) and going from 60k to 180k requires a huge capital, but honestly these huge companies are in the crypto world now can buy and hold billions of dollars so I think we wouldn't be able to go to 150k+ prices without them for sure but with them it doesn’t look that much difficult, as long as they keep buying that would mean that we would end up profiting from it as well and that is what I want to see. Title: Re: Don’t Panic IV Post by: Saisher on March 18, 2021, 09:50:52 PM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it. As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over. People should stop comparing the market performance today and 2017, it's a totally different ball game now, back then we have no big institutions investing and in fact they are against Cryptocurrency, the mining rewards is much lesser now, because of the halving, the number of people investing in the market is now is huge compared three years ago Title: Re: Don’t Panic IV Post by: Lanatsa on March 18, 2021, 10:30:34 PM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it. As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over. People should stop comparing the market performance today and 2017, it's a totally different ball game now, back then we have no big institutions investing and in fact they are against Cryptocurrency, the mining rewards is much lesser now, because of the halving, the number of people investing in the market is now is huge compared three years ago Just let them be because we do have our own ways on how to make our own analysis.It isn't that bad though to make out presumptions that it is currently happening on the market. Those aren't fake sells but rather a normal correction that do happen because there would always be a selling off point but you can see that the market is on upward trend before it do reached the ATh of that year. For now we are might seeing the same patters but doesn't mean that we would be ending up on the same scenario but actually we are breaking new ATH's as bitcoin moving to 100k. Title: Re: Don’t Panic IV Post by: Ridwan Fauzi on March 18, 2021, 10:45:33 PM The market is not easy to predict as of now, I start to long entry since I think a day ago I found indicision candle, so I made long entry that actually I got profited but it was just for a while after a short dumped came.
I loss my money because I created a cut loss 2% in my entry price. This is why I say the price crypto currency is always hard to predict, actually I choose an altcoin not bitcoin for my trading plan. For bitcoin price movement I guess $58440 is a strong resistance, if this area can be passed then there is a chance for the price up again, but I don't think the bull run market is still alive if that area cannot be passed. Title: Re: Don’t Panic IV Post by: janggernaut on March 18, 2021, 11:05:19 PM The market is not easy to predict as of now, I start to long entry since I think a day ago I found indicision candle, so I made long entry that actually I got profited but it was just for a while after a short dumped came. You lose your money because you choose altcoin instead of bitcoin, it wasn't because market hard to predict. We are on bullish tren right now, even after Morgan Stanley seems "pro" about bitcoin. Forget about your resistance or support or whatever it's you called, it's useless since we are on bullish right now , just HODL and Don't panicI loss my money because I created a cut loss 2% in my entry price. This is why I say the price crypto currency is always hard to predict, actually I choose an altcoin not bitcoin for my trading plan. For bitcoin price movement I guess $58440 is a strong resistance, if this area can be passed then there is a chance for the price up again, but I don't think the bull run market is still alive if that area cannot be passed. Title: Re: Don’t Panic IV Post by: Untomabur on March 18, 2021, 11:55:51 PM in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020,
and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps, because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it. Title: Re: Don’t Panic IV Post by: yohananaomi on March 22, 2021, 09:20:30 PM How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI.... It is only natural that people will panic, when he buys at a high price but the price drops drastically which he does not expect. whereas seeing the experience it can and always happens.I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits but the criteria for humans are clearly all different because maybe there is someone who cannot control himself even though he also knows that saving in the long term will also ultimately be profitable. currently it does not happen anymore that bitcoin has changed its trend to be short term and movements like this are very good for day trading because the price difference every day is quite significant. but for those who are not used to it, it is certainly not recommended that panic can make it even more devastating and can take actions that can go wrong. Title: Re: Don’t Panic IV Post by: proudhon on March 22, 2021, 09:26:19 PM Panic time
Title: Re: Don’t Panic IV Post by: Oasisman on March 22, 2021, 09:36:07 PM ~snip~ People should stop comparing the market performance today and 2017, it's a totally different ball game now, back then we have no big institutions investing and in fact they are against Cryptocurrency, the mining rewards is much lesser now, because of the halving, the number of people investing in the market is now is huge compared three years ago That's not just a simple comparison. Technical analysis were always based on the past market data to come up with a semi reliable prediction in the future price. So, the market comparison would always gonna be used to predict the future Btc price regardless of the volume of investment poured into Bitcoin. The OP ain't looking to compare the price value of Bitcoin, but he's trying to analyze the price movements based on the chart. Title: Re: Don’t Panic IV Post by: Scripture on March 22, 2021, 09:59:46 PM Don’t panic if you see the market is dumping, you have to know what to do and analyze the market so you can know your next move towards a dumping market. The price is still above $53k, and that can be a good support level for now so there’s no reason to believe on FUD. There’s a lot of threads like this, and we should already know what to do by this time.
Title: Re: Don’t Panic IV Post by: crzy on March 22, 2021, 10:52:15 PM How many times do we need to tell not to panic at all? I’ve seen many people sharing their thoughts about panicking and believing on FUDs, again that’s not a good way to make money in this market you should forget that emotion and focus on the market trends. 2017 is different, we’re not that high by that time and this current bull trend is stronger than ever, we might end the whole year with up trend, so panicking is not the best option.
Title: Re: Don’t Panic IV Post by: janggernaut on March 23, 2021, 07:06:35 AM Don't panic. The reason of this dip just because of this FUD news
Quote The US Federal Reserve chairman warned that Bitcoin and other cryptocurrencies were ‘not really useful as a store of value’ but added that the central bank itself is studying the possible costs and benefits of a digital dollar. https://www.aljazeera.com/amp/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-cryptoWe just need to qoute his statement later/he changed his mind after bitcoin hit $100k Title: Re: Don’t Panic IV Post by: Wind_FURY on March 23, 2021, 09:43:23 AM Panic time Panic time, you say? “They panicked. BUY THE DIP”. https://pbs.twimg.com/media/EvFl97GVEAYYTze?format=jpg&name=large Don’t make it easy for the billionaires to take the most precious thing they want from you.Your Bitcoin. https://pbs.twimg.com/media/Eu1rRF1XYAY-Xds?format=jpg&name=medium Plus $50,000 is the new $10,000. Bitcoin will move up above and down below of that price point. It’s in your hands if you, sell with the rest of the panic sellers, or HODL. Title: Re: Don’t Panic IV Post by: New.in.trading on March 23, 2021, 10:22:45 AM I heard a lot of big companies buying some BTCUSD (https://de.tradingview.com/symbols/BTCUSD/) lately. That is a good thing, dont get me wrong. What I never hear, is anyone selling BTCUSD. If nobody is selling it, why is it falling then? :o What I want to say with this post is: there are 2 sides of the Coin. I am sure some of the "I am buying and holding it all to death"-Gurus, are scaming you into buying BTC, so they can sell you their BTCs. Once demand sinks, they will start to accumulate BTC again, silently, probably telling ppl. to "secure some gains here" so they can buy their BTC.
That in general is not a bad or evil thing, selling expensive and buying cheap makes sense. Just want to point out, that only rising higher and higher will not work forever and not all the ppl who tell you they bought and hold, will actually hodl, but rather try to make use of you... I am patiently waiting to buy a decent dip. If it doesent come, there is other stuff to buy, stocks and that. With a stock, you dont only own a stock, you physically own a portion of that company. Thats why I do consider stocks to be as safe as BTC, from a "Banks cant take that away from me perspective". Title: Re: Don’t Panic IV Post by: tokeweed on March 23, 2021, 02:26:16 PM https://i.imgur.com/zJPj4xY.jpg
Red bars indicate where each major support is located imho. I wouldn’t be too worried if it breaks down the first one but I would kinda be worried if it starts breaking down the second one. But then again we’ve seen BTC drop 30% around 6 times back in 2017 before trending back up again. Title: Re: Don’t Panic IV Post by: el kaka22 on March 23, 2021, 06:29:22 PM I heard a lot of big companies buying some BTCUSD (https://de.tradingview.com/symbols/BTCUSD/) lately. That is a good thing, dont get me wrong. What I never hear, is anyone selling BTCUSD. If nobody is selling it, why is it falling then? :o What I want to say with this post is: there are 2 sides of the Coin. I am sure some of the "I am buying and holding it all to death"-Gurus, are scaming you into buying BTC, so they can sell you their BTCs. Once demand sinks, they will start to accumulate BTC again, silently, probably telling ppl. to "secure some gains here" so they can buy their BTC. I think it is obvious that we are in a situation where we do not have any big players selling, selling is not in their book, these are the same type of people who keep on buying and buying stocks until they own so much that they just can't buy and simple just acquire it. Obviously they can't acquire bitcoin because it is not a company, but I feel like if these huge companies get into bitcoin and keep on buying more and more, eventually they will end up with almost all of it. That in general is not a bad or evil thing, selling expensive and buying cheap makes sense. Just want to point out, that only rising higher and higher will not work forever and not all the ppl who tell you they bought and hold, will actually hodl, but rather try to make use of you... I am patiently waiting to buy a decent dip. If it doesent come, there is other stuff to buy, stocks and that. With a stock, you dont only own a stock, you physically own a portion of that company. Thats why I do consider stocks to be as safe as BTC, from a "Banks cant take that away from me perspective". Who could stop the wall street type of places of the whole world buying 10 million or more bitcoins? That is not impossible, sure it would cost them a lot and bitcoin would be a super high price but they could eventually own that much with the amount of money they have. This is why I am holding and all the drops could happen at any time, I do not care about them because I believe they will buy more and more. Title: Re: Don’t Panic IV Post by: ScamViruS on March 23, 2021, 07:13:39 PM Many big companies are now investing huge amount of money in Bitcoin, they are investing their money in Bitcoin after doing market research. And if the bear market starts now, they will be prepared to hold their holding assets for a long time. Because the last bull run ended where those who thought $20k was a huge target, now the price of Bitcoin is much higher than that ath. So now if the bull run is over then after a few years this ath will feel much smaller. So those who are more interested in panic selling will still be more interested in panic selling as before so that they will miss a big opportunity.
Title: Re: Don’t Panic IV Post by: arufox on March 23, 2021, 08:36:30 PM Actually, if someone invests in a top coin, they should not panic because the price will recover soon, and I see the only newbie in crypto always panics for every dropping price, so your warning will be useless if they don't believe cryptocurrency. See good side for panic people, they will cry later and experience will teach them
Title: Re: Don’t Panic IV Post by: philipma1957 on March 24, 2021, 12:28:39 AM in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020, and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps, because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it. jan. 2017 1000 dec 2017 20000 march 2020 3900 march 2021 62000 so 20 to 1 jump to a 5.2 to 1 drop if we match this we go to 78k drop to 16-17k Title: Re: Don’t Panic IV Post by: Kemarit on March 24, 2021, 12:42:52 AM Don't panic. The reason of this dip just because of this FUD news Quote The US Federal Reserve chairman warned that Bitcoin and other cryptocurrencies were ‘not really useful as a store of value’ but added that the central bank itself is studying the possible costs and benefits of a digital dollar. https://www.aljazeera.com/amp/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-cryptoWe just need to qoute his statement later/he changed his mind after bitcoin hit $100k Could be one reason, but I think the $6 billion worth of bitcoin expiration might has something to do with the recent dip. On the contrary, for us Bitcoin has slowly transformed into a store of value isn't it? We have debated this many years ago specially during the 2017 boom. So it is still considered as it, and then companies seeing it as asset on their balance sheet. So no need to panic, we might see it hitting $70,000 next month after another rally. Title: Re: Don’t Panic IV Post by: Wind_FURY on March 24, 2021, 08:43:31 AM in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020, and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps, because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it. jan. 2017 1000 dec 2017 20000 march 2020 3900 march 2021 62000 so 20 to 1 jump to a 5.2 to 1 drop if we match this we go to 78k drop to 16-17k I believe not. The “early adopters” of institutional investors have arrived, with more of them coming to buy Bitcoin. Is it as a hedge, or simply an investment, we can’t be sure, but after the pain of inflation is felt coming on 2022 or 2023, I am confident they will HODL, not SODL and extend the bull market. Title: Re: Don’t Panic IV Post by: Smitty Werben Man Jensen on March 24, 2021, 05:31:06 PM in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020, and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps, because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it. jan. 2017 1000 dec 2017 20000 march 2020 3900 march 2021 62000 so 20 to 1 jump to a 5.2 to 1 drop if we match this we go to 78k drop to 16-17k I believe not. The “early adopters” of institutional investors have arrived, with more of them coming to buy Bitcoin. Is it as a hedge, or simply an investment, we can’t be sure, but after the pain of inflation is felt coming on 2022 or 2023, I am confident they will HODL, not SODL and extend the bull market. During the pandemic, of course, many companies or institutions invest on investment instruments, because we know that the income from institutions or companies must have a difficult, therefore they buy investment instruments, such as Bitcoin, crypto currency or gold, and look at what happened during this pandemic. crypto money and gold are in line with their bullish track, for me instusion is not hedging, but rather just trading and investing, if they have reached the target then they will sell it. Title: Re: Don’t Panic IV Post by: TheGreatPython on March 24, 2021, 06:28:24 PM Don't panic. The reason of this dip just because of this FUD news Could be one reason, but I think the $6 billion worth of bitcoin expiration might has something to do with the recent dip.Quote The US Federal Reserve chairman warned that Bitcoin and other cryptocurrencies were ‘not really useful as a store of value’ but added that the central bank itself is studying the possible costs and benefits of a digital dollar. https://www.aljazeera.com/amp/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-cryptoWe just need to qoute his statement later/he changed his mind after bitcoin hit $100k On the contrary, for us Bitcoin has slowly transformed into a store of value isn't it? We have debated this many years ago specially during the 2017 boom. So it is still considered as it, and then companies seeing it as asset on their balance sheet. So no need to panic, we might see it hitting $70,000 next month after another rally. Elon musk just tweeted that they will start selling Tesla cars with bitcoin, and that is a great thing I would love to own one but I am at the other side of the world and it would both take many many months to get here and I would have to pay taxes that I would not be able to pay, I do not even have enough for the car but I may in the future if bitcoin keeps going up like this. So long story short, I think these companies like bitcoin, Elon even said they are not planning on selling the bitcoins they make from the sale of these cars, so I think it is safe to say federal reserve chairman was wrong, wouldn't be the first time. Title: Re: Don’t Panic IV Post by: decodx on March 24, 2021, 11:37:18 PM So long story short, I think these companies like bitcoin, Elon even said they are not planning on selling the bitcoins they make from the sale of these cars, so I think it is safe to say federal reserve chairman was wrong, wouldn't be the first time. The main point here is this is new and exciting. Hopefully, consumers will see value in the product and not be put off by government is attempting to regulate or tell them what they can and cannot do. So far, so good. Title: Re: Don’t Panic IV Post by: STT on March 24, 2021, 11:59:31 PM Looking at price right now its through 7 day average and not holding at monthly especially well either which makes its a reasonable call we do pullback to a greater extent to at least the 50 day average as occurred earlier this year on the initial sell off. Thats quite alot of selling now but still not a move into grander amounts overall.
Its likely part of the larger picture in relation to euro weakness, ongoing virus concerns and some tightening of monetary standards limiting speculation for now. Its still an elevated price thats risen for a great amount of time now which means even when lower its still far ahead of many long term expectations previous to this move, I long thought 200 day average would be what occurs but just 50 day is considered quite negative. Title: Re: Don’t Panic IV Post by: pilosopotasyo on March 25, 2021, 01:24:41 AM You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.
Title: Re: Don’t Panic IV Post by: Shasha80 on March 25, 2021, 02:45:24 AM I appreciate that the opening post has made the fourth don't panic thread, because Bitcoin holders need to be reminded many times in order
to understand that the price of Bitcoin is volatile, so if the Bitcoin price falls suddenly they shouldn't panic. Even though it has been given the understanding not to panic, still, in the end, there will always be Bitcoin holders who panic and sell their Bitcoin for under the purchase price. So even though this year Bitcoin has risen very quickly and has benefited many people, on the other hand there are Bitcoin investors who have suffered losses. Finally, investing in Bitcoin that determines success is how we analyze the market and control the emotions we have. Title: Re: Don’t Panic IV Post by: Reatim on March 25, 2021, 02:57:46 AM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it. As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over. I Love the concept of your posting mate , imagine this was been the 4th Don't panic thread you created to help Boosted people that has been frustrated because of the read market . Quote https://i.imgur.com/Yqakfvn.jpg I am also being distracted about what is market doing now , while bitcoin and other main coins is dropping hard , some altcoins are gaining high.https://i.imgur.com/0V2KtUN.jpg And some alts are in the green. Decoupling? Alt szn? Title: Re: Don’t Panic IV Post by: pooya87 on March 25, 2021, 04:32:32 AM I am also being distracted about what is market doing now , while bitcoin and other main coins is dropping hard , some altcoins are gaining high. There are no main coins, there is only a main coin which is bitcoin. The rest are following bitcoin unless they had a pump. This has been the case for as long as the altcoin market existed. For example during 2018 when bitcoin was dropping, every altcoin was also dropping at a higher speed but there were a handful of altcoins that were selected every week for getting pumped which went up for that week then got dumped the next. This trend is still ongoing.Title: Re: Don’t Panic IV Post by: tokeweed on March 25, 2021, 07:23:27 PM ^ The thing is to look for the alts that are still trending up against BTC. That’s why I look at and put more stock on ALT/BTC pairs than ALT/USD pairs. BTC is the leader, so anything outperforming that wins you some money in the long run.
Like.. *cough* shill mode *cough* SXP/BTC. It just started to trend against BTC this year. As to why, I have absolutely no idea. Prolly alt szn. Rofl. I just look at the price. https://i.imgur.com/0SAlQHu.jpg Title: Re: Don’t Panic IV Post by: sunsilk on March 27, 2021, 06:03:58 PM You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year. And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. Title: Re: Don’t Panic IV Post by: sheenshane on March 27, 2021, 11:59:28 PM You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year. And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.The market now has a resistance after having a short pullback, probably it's a part of being volatile nature of Bitcoin. Title: Re: Don’t Panic IV Post by: plr on March 28, 2021, 09:13:02 AM Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. Title: Re: Don’t Panic IV Post by: decodx on March 28, 2021, 10:22:36 AM Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. We broke the new ATH limit just two weeks ago. Since then bitcoin has gone through a pretty wild ride. By the time I wrote this, bitcoin was back to $56,000 and maybe within the next 24 hours we're going to go back to $60,000. I'm not sure all those who panicked and sold will come back again. They were probably good long-term holders. Unfortunately, some have overreacted. Title: Re: Don’t Panic IV Post by: bitterguy28 on March 28, 2021, 11:10:26 AM Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days . Title: Re: Don’t Panic IV Post by: Chato1977 on March 28, 2021, 11:53:26 AM Thanks for always Heads Up mate , This is what the community needs , Boosting us for more Holding and keeping strong while the market is bleeding.
No wonder you can still uphold your coins when there is a threat of dumping badly. Title: Re: Don’t Panic IV Post by: wiss19 on March 28, 2021, 04:23:38 PM Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. What i want to congratulate are those who Bought more when the price drops down tp 51k because they are the brave and real supporter of Bitcoin.Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days . This means I will buy if bitcoin goes from 55k to 20k as well, I do not care what the price is, it could reach to under 4k again if it wants and I will still be buying bitcoin, probably more because of that. Of course I do not think that it will ever go down that much again, that was once upon a time and now it is gone and we will be always high from now on. Title: Re: Don’t Panic IV Post by: sunsilk on March 28, 2021, 07:46:21 PM Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. What i want to congratulate are those who Bought more when the price drops down tp 51k because they are the brave and real supporter of Bitcoin.Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days . We are in a different era now, investors should let go of the past and just concentrate on the future, people are quick to sell because of the bad memories of what happened in the past, they still did not forget the bad memories of 2017, and also congratulations to those who helped us reach the $56k by buying and strengthening the buy order, for a more stable price. That's one reason of those people who have probably panicked sold, it's also that they have held for a long time and that it's still a good price for them to sell because they're already in profit.Title: Re: Don’t Panic IV Post by: Baofeng on March 28, 2021, 09:29:35 PM Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days . Yes, I'm sure there are a lot of traders who bought at that price and then sold again when the price hits $56k, to make instant profit. So I wouldn't call them brave or real supporter, just here to make money from this dip. Checking the price today, it goes down to $55k, which mean my theory was right. In any case, just 1% dip, nothing of big, it will be start of trading in Asian market now, let's see if if could bounce back and recover to $56k or higher. Title: Re: Don’t Panic IV Post by: tokeweed on March 29, 2021, 02:01:53 PM ^ It could also just be another shake off by whales before going back the trending up again. All sell downs looked and seemed like they’re pretty much controlled for the most part. It’s also prolly cos holders have more trust in this trend than ones in the past cos Musk and co are coming in..?
Title: Re: Don’t Panic IV Post by: elisabetheva on April 07, 2021, 05:16:33 AM ^ It could also just be another shake off by whales before going back the trending up again. All sell downs looked and seemed like they’re pretty much controlled for the most part. It’s also prolly cos holders have more trust in this trend than ones in the past cos Musk and co are coming in..? the possibility that what lies with the @elonmusk effect really influences what happens coupled with other company colleagues who are also supportive of it. anything can happen and it can't be avoided. What is really positive, of course, if what you say is that shareholders believe more in such a trend and usually it cannot be avoided because everything needs something that encourages you to believe more with strengthening information. Title: Re: Don’t Panic IV Post by: LogitechMouse on April 07, 2021, 07:08:47 AM You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year. And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. For us long term people, no need to panic because we know and we believe that Bitcoin will be above of the current price within the next years. Lets just be patient, accumulate more and be happy with the profits that we have. Panic?? What is that?? I'm not panicking at all :D. Title: Re: Don’t Panic IV Post by: bitzizzix on April 07, 2021, 08:05:48 AM You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year. And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us. For us long term people, no need to panic because we know and we believe that Bitcoin will be above of the current price within the next years. Lets just be patient, accumulate more and be happy with the profits that we have. Panic?? What is that?? I'm not panicking at all :D. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Title: Re: Don’t Panic IV Post by: slaman29 on April 07, 2021, 12:03:46 PM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;) Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Title: Re: Don’t Panic IV Post by: BuNga_cute on April 07, 2021, 01:04:20 PM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Everyone has experienced panic, and that's a natural thing that happens to all investors. So if we panic and make mistakes are common things that are sure to happen to anyone, even large investors have experienced it. The most important thing is that we learn from every mistake that makes us panic, so that in the future we can control ourselves so as not to panic. As you said, sometimes we do have to panic when investing or trading. In order to understand how to solve it. Title: Re: Don’t Panic IV Post by: Fredomago on April 07, 2021, 06:56:36 PM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;) Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Chances that there's a time that you'll do it, but along the way practice will build you a solid determination which you can use in the long process. For now, if you made mistake then just move forward and let it go, make sure to understand that you are into this kind of business, and earning lessons from each time you take your call will give you much confidence and trust with your own assessment. Title: Re: Don’t Panic IV Post by: stomachgrowls on April 07, 2021, 07:46:25 PM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;) Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Chances that there's a time that you'll do it, but along the way practice will build you a solid determination which you can use in the long process. For now, if you made mistake then just move forward and let it go, make sure to understand that you are into this kind of business, and earning lessons from each time you take your call will give you much confidence and trust with your own assessment. knowledge and experience on the things you're dealing with. Thing here is that you shouldnt rush up because that will eventually create mistakes than on making the right thing.Price now on bitcoin is really decreasing but only a few hundreds which i dont see for that a major movement but there are people who do have those kind of thoughts of crash when they do see these common events. Panic is common because we are just humans but you shouldnt really tolerate that behavior. Title: Re: Don’t Panic IV Post by: Baofeng on April 07, 2021, 10:37:12 PM Today is another day where many people will panic sell and cry later. The bitcoin price is dumping but it is still above 55K. As long as price is above 50K, there is no need to panic. Whales are making the weak hands sell so that they can buy some cheap bitcoins and then drive the price to 85,000$. :) :) I was about to post here since the price of bitcoin goes down to $55k very quick because I read that there are huge amounts that's been liquidated, so for sure there are weak hands that sold again. We also need to look at how the altcoin is pumping now, so that's another indication that investors are moving. So we just have to settle down for now and not panic. For sure once the pump is down, we may see another shift of funds to BTC. Give it a couple of days or a week. Title: Re: Don’t Panic IV Post by: bbc.reporter on April 08, 2021, 01:43:43 AM @Baofeng. There were only a very few altcoins that pumped when the small dump occurred on bitcoin. However, agreed! It does not appear to be the time of the bear pouncing on the market but we have to be always ready for this. This implies begin reducing trades with leverage hehe.
Title: Re: Don’t Panic IV Post by: Silberman on April 08, 2021, 02:24:57 AM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;) Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Title: Re: Don’t Panic IV Post by: slaman29 on April 08, 2021, 10:45:24 AM Everyone has experienced panic, and that's a natural thing that happens to all investors. So if we panic and make mistakes are common things that are sure to happen to anyone, even large investors have experienced it. The most important thing is that we learn from every mistake that makes us panic, so that in the future we can control ourselves so as not to panic. As you said, sometimes we do have to panic when investing or trading. In order to understand how to solve it. I was talking about the need to experience it yourself, otherwise you never learn it. And no amount of teaching and reading about other people's mistakes and panicking can change that for you. So it's probably better to experience it sooner and now, rather than later on when there could be a lot more to lose. Panicking now and selling at 50k? Better than panicking later and selling at 30k instead of using it as a dip opportunity;) Title: Re: Don’t Panic IV Post by: rhodelmabanal on April 08, 2021, 10:46:37 AM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;) Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Title: Re: Don’t Panic IV Post by: BuNga_cute on April 08, 2021, 12:20:28 PM Everyone has experienced panic, and that's a natural thing that happens to all investors. So if we panic and make mistakes are common things I was talking about the need to experience it yourself, otherwise you never learn it. And no amount of teaching and reading about other people's mistakes and panicking can change that for you. So it's probably better to experience it sooner and now, rather than later on when there could be a lot more to lose.that are sure to happen to anyone, even large investors have experienced it. The most important thing is that we learn from every mistake that makes us panic, so that in the future we can control ourselves so as not to panic. As you said, sometimes we do have to panic when investing or trading. In order to understand how to solve it. Panicking now and selling at 50k? Better than panicking later and selling at 30k instead of using it as a dip opportunity;) I understand that we have to experience panic for ourselves, from this panic experience we can learn a lot. As you said, we better panic at the beginning than panic later, but the problem is most people when Bitcoin is not deep in correction, they will not panic, and when the price drops far enough he usually starts to panic and sell his Bitcoin. That is what ultimately caused many people to experience large losses, this can be overcome by placing stop-losses, in order to prevent panic selling from happening. Title: Re: Don’t Panic IV Post by: arwin100 on April 08, 2021, 12:30:00 PM Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners. I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs. Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;) Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it. Those are the people who newly join the game and I can't blame them to get panic since they don't have a risk management risk that's why majority tend to dump their coins when they see correction coming up. If they just read the news and understand it provably they will not go panic and get out the losing thinking on their minds. So that's why its recommended to not be so greedy and spend small amount if you don't know on what you are doing. Title: Re: Don’t Panic IV Post by: doomloop on April 08, 2021, 07:01:32 PM I agree on that many people is really easily get panic specially when the price will down. Well we cannot help them if they get panic maybe they invested a big amount in crypto, that is why we need to control our self and invest an amount that we an afford to lose to make our asset safe and we can also avoid panicking, crypto is high on volatility but some people still invest on it and used a big amount of money to make a big profit. People do not learn "not to panic" the more they panic, like let's say you have seen bitcoin go down few times and each time you panic sold all your investments and got out and then it recovered so you see that you shouldn't have panic sold your coins, that doesn't mean that next time it happens you won't panic and sell all your coins, you could do that 10 times in a row and still do that on 11th time.I believe it is a characteristic thing, I know people who hold bitcoin when it dropped from 20k to 3k and even bought more during that period and increased their bitcoin holding, I remember someone actually buying Nano from 30+ dollars and still hold today, dude bought so much during the same period that he finally made a profit recently. So, there are people who can hold even on the first time it happens and there are people who panic sell 20+ times so it is a characteristic thing if you ask me. Title: Re: Don’t Panic IV Post by: slaman29 on April 09, 2021, 06:21:41 AM I understand that we have to experience panic for ourselves, from this panic experience we can learn a lot. As you said, we better panic at the beginning than panic later, but the problem is most people when Bitcoin is not deep in correction, they will not panic, and when the price drops far enough he usually starts to panic and sell his Bitcoin. That is what ultimately caused many people to experience large losses, this can be overcome by placing stop-losses, in order to prevent panic selling from happening. That's not a problem. Panicking at a point when you don't lose too much doesn't really make you learn any lessons. But if they constantly let go at small losses many times, the losses can really add up. Then the experience tells them they should have held on anyway. I personally think no one except the luckiest few will ever go through trading life without a painful loss or a painful series of losses. Either way, it serves the purpose. Now let's all just hodl and wait eh? Title: Re: Don’t Panic IV Post by: Silberman on April 11, 2021, 02:53:31 AM Those are the people who newly join the game and I can't blame them to get panic since they don't have a risk management risk that's why majority tend to dump their coins when they see correction coming up. If they just read the news and understand it provably they will not go panic and get out the losing thinking on their minds. This is doubtful, many people have strategies when it comes to trading the markets but when they panic they forget everything they tried to implement in the markets and they take decisions based on their emotions, something that when it comes to the markets is an awful mistake, people cannot control when they panic and whales are experts at trying to make people panic with their movements, they do not even have to sell since there are bots that watch addresses with lots of coins and they just need to move their coins to exchanges to produce a small correction as everyone gets worried about the whale selling their coins.So that's why its recommended to not be so greedy and spend small amount if you don't know on what you are doing. Title: Re: Don’t Panic IV Post by: michellee on April 11, 2021, 06:45:07 AM I understand that we have to experience panic for ourselves, from this panic experience we can learn a lot. As you said, we better panic at To avoid panic, we need to have control so when the correction price comes, we can see if that correction will still going on or it is just for a while. Most people can not learn to manage their emotions when the correction occurs and people tend to sell their coins without thinking much about that. Even if you place stop-loss, you will not have a chance to see when to buy back if you can not control yourself.the beginning than panic later, but the problem is most people when Bitcoin is not deep in correction, they will not panic, and when the price drops far enough he usually starts to panic and sell his Bitcoin. That is what ultimately caused many people to experience large losses, this can be overcome by placing stop-losses, in order to prevent panic selling from happening. Title: Re: Don’t Panic IV Post by: tokeweed on April 11, 2021, 03:32:47 PM I can’t figure out if the thread is still alive cos nobody panics or cos a lot of us are really getting a bit anxious inside. Lol.
Anyway, just be on the look out for these support levels marked by the red bars in the chart. These are made up by me only but really obvious. TA and charting really aren’t exactly a science anyway. https://i.imgur.com/DjHphzk.jpg Title: Re: Don’t Panic IV Post by: STT on April 11, 2021, 11:48:43 PM We are all not panicking, go us. I think 59k near term for intra day movements but 55k for daily and beyond as this would mark a break in higher lows. If we are no long ascending it would normally be a process of altering that base line gain not just pullback from the froth top prices which are not so important or structurally to gains imo.
I guess it wont so simple exactly but just observe the 50 day average and how we place vs that would be something to note, its matched the lows YTD similarly Title: Re: Don’t Panic IV Post by: gabbie2010 on April 12, 2021, 03:26:31 AM There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it. As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over. People should stop comparing the market performance today and 2017, it's a totally different ball game now, back then we have no big institutions investing and in fact they are against Cryptocurrency, the mining rewards is much lesser now, because of the halving, the number of people investing in the market is now is huge compared three years ago |
