Bitcoin Forum

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!

...and this how a new FOMO phase starts  :)
I was hoping for it for some weeks ago; I was "realistically" expecting it in September. We're in the middle. It's OK  ;D

Bitcoin will still give heat, and the most important thing is that the bearish trend is gradually turning into bullish and soon with such dynamics we will see new ATH, most importantly HODL.

Its not panic buy ... yet. Fear/greed index at 65 now showing "greed", changed from "neutral" yesterday. There was not even a single day of "extreme greed" yet. We had "extreme fear" for 2 months straight. Its not panic buy. Its technical buy after breaking downtrend line and 42k resistance after retesting and hitting new middle term high, broke 200D SMA. Perfect buy from technical point of view ... its not panic buy its technical buy. Perfect sell from technical point of view was at 57-52k. So those who are "panic buying" in your opinion .. in my opinion just made 15-30% from selling after breaking uptrend line (before storm) and buying back right now after breaking downtrend line (after storm).

We'll be talking about panic buying above 100k$. But first of all ... we need to hit new ATH which might be hard and take some time because old ATH was made as 3 month consolidation. Huge amount of volume was made at ATH.

It's amazing how people refuse to understand some things and constantly make the same mistakes - and most buy BTC only when the price goes up, instead of doing the exact opposite. It does make some sense from a short-term profit perspective, but just a few days ago the price was below $30k, all indications were that the trend would change and the bull run would continue - but some will never realize they need to believe in BTC always, not just in moments like this.

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If you think that retail customers will be in a panic only after $100k, I would not agree with that - because even now the price is out of their reach, so they mostly buy altcoins (I'm talking from personal experience with some of my friends). What may happen at that point is that some big players may start buying (because money is not a problem for them), but it should be borne in mind that every bull run and new ATH ended in a brutal correction - I would be happy if that the correction is only 50% after the next ATH.

Psychologically people are more inclined to buy the trend than buy low.
In many cases this ends up by buying high and selling low, but.. yeah...  ::)

Price out of their reach? What you mean by that. No one force them to buy whole bitcoin. They can invest as much as they want buying fraction of bitcoin.

Fun Fact: For all of those who want to have whole bitcoin or nothing ... Bitfinex already opened SAT and BIT interface:


"The future standard! Satoshi trading mode is live on #Bitfinex 🚀"

"Users now have the option to trade BTC in either SAT units (1 SAT = 0.00000001 BTC) or BIT (1 BIT = 0.000001 BTC) for any trading pair with BTC.

Users can enable either SAT or BIT in their Account's interface settings. Currently, SAT or BIT would only be displayed on the trading page in Bitfinex. For example, in SAT mode, BTC/USD would be displayed as SAT/USD, while ETH/BTC would be displayed as ETH/SAT."
https://www.bitfinex.com/posts/686

So you dont need to trade altcoin. You can have whole BIT or whole SAT still owning bitcoin instead of shitcoins :)

People are just FOMOing right now. They don't want to miss the new train. I say that it is always good to buy. Thanks to this, Bitcoin price can break every single resistance levels easier. I think that the price can even reach $100k this year. So, even buying now will mean that you will double your investment.

Normal to see this happening as many people always think to buy when bitcoin price soar up and for sure we can see more as many would love to enter in green markers, but many people didn't know that this doings is really dangerous as they have huge chances to get stuck at the peak. But since by now the ball is rolling and bitcoin is now trying back to reached up his past Ath so lets hope that this scenario will happen this year.

I was going to say something similar. But I think the panic will start again when we break $65k or so when we break the previous ATH.


I know some people who usually do that but I`ve lost hope. They are led by their emotions and keep doing the same, usually losing money.

the 4 year cycle seem to not repeat this time. FOMO for the ones who waited below 20k price. glad to have holdon the coins i've bought at 52k. i'm almost there now.

this i will assume that the officials in the senate are gradually learning blockchain and maybe buying some BTC as well to prepare for what is coming. they'd been educated by the twitter users who tagged them.

The character of baseless speculation is already tied to the market for people who do not have good market technical analysis skills, when bitcoin falls it is bad to speculate that the crypto era will end with a decline of 20% of the market, whereas when bitcoin is in a bullish market then rush to buy it before the train moment leave.

Hahaha panic buy panic buy....

$46,000 now, regretting because didn't buy when $30,000???

We didnt reach extreme panic, that counter is a bit off.   That was always a normal decline and pullback relative to the rise.   I dont really trust when people feel obliged to buy because of a price, it'll sell off when they are pressed in any way similarly by price again.   I'm way more for the gradual more certain regular rise of people who buy to utilize BTC in some way, the ways of speculation might be more spectacular but its also not the true backbone to what makes the market.
  I dont think we reached the bottom price on the recent lows, it was negative but dont think it went so far as reaching the bottom price of just regular users rather then speculators.   Not too surprising, we have excessive amounts of dollars from politics spending out of control, it wont always be this easy.

We have said before that there is no more bearish period, now there is a bullish period. we are now at $45,000, maybe in a few days we will break $50,000. hurry up and buy it before you miss it and regret it later. Don't ever talk about $30,000 again, because we're already at $45,000. the whales have departed, the bear market is already packed with stakeholders, so you may be at the end of the corridor.

People are in a rush to buy Bitcoin as there has been a huge increase in the price lately. They don't want to miss the opportunity to make a nice profit. Of course, we don't know until when this rise will continue. But to me, it doesn't seem like this great run will end very soon. And it wouldn't be surprising to see a new all-time-high level in this year.

Calm enough to have bought under $35k and now how to feel quite a big bullish now it has reached $46k wow really impressive after seeing the market the price immediately jumped, the market is so friendly guys

There must be panic about FOMO being pursued, there must be confusion whether it is necessary to buy now or correct it again?
A confusing choice but I think it's time to be bullish and enjoy the results.
$50k in the next few believe me on that.

In terms of buying it or selling it, people are always in panic mode. It looks like these things will never change. BTC has passed over $45K and is still performing well. Looks like BTC is about to break $50k and take the entire crypto market with it. At the moment, BTC is experiencing a massive buy. Anyway, Bitcoin needs to hold above $45K, yet $48K resistance is coming. I am a little FOMO to make a purchase, since the overall market scenario is bullish.

Incidents like that will not just go away because there will always be new investors or beginners who buy when prices tend to rise and this happens because they are afraid that it will be too late to make a profit.
and actually it has become commonplace, and such actions are wrong and the risk is big because they can't think far if the price suddenly drops drastically, and if they believe the price will reach 100k it's okay they just miss the opportunity the price is still 30k

Some panic will definitely follow FOMO.

I think if people are sorry for always delaying buying when the price is low and when the price is pumped again then it will be confusing whether it's right to buy or just waiting for it to go down again so this will be nervous if they still can't buy at the price that fits.

Never mind I will enjoy how bitcoin will soon reach ATH in the near future.

When there's positive news, it makes the market bullish, and definitely people will buy.

With the big percentage of increase in 1 week, I can tell that there's a bullishness happening now, and bitcoin could easily jump up to $50k we already witness it happen before. Let's ride with the flow, who knows in just a very short period of time, a new ATH will be witness again.

Panic buying is not usual term we do have for this kind of behavior of markets which is usually termed as FOMO.
But, I guess it would be too early to assume about the phase of FOMO in bitcoin markets because we just recovered from more than 50% correction and slowly entering into stronger bullish mode and only after market jumps all resistance levels usually FOMO will get into actions.

When everyone is looking to get in at possible cheaper prices then obviously it would be right to assume always FOMO is in action. In that sense, we can say that right now bitcoiners are trying to catch lower prices which takes markets to new high in short period of time itself.

What can I say those people never learn, a great deal of those that have been here for a long time are always recommending people to buy the dip and tell them that bitcoin has the tendency to go down in value from time to time but it always recovers and you can make profits as long as you hold your coins, but they never listen, they sold their coins at the lowest possible point and now they are buying at a high point, now I will not have a problem if they held their coins as they will still make profits if they buy at the current levels, but someone making those kind of movements has a very low chance of doing something like that.

Negative news that makes them panic-supposedly-think crypto has risks and challenges-a way for someone to be patient in investing-trading.

Only brave and thinking people can produce the highest profile of Bitcoin-the rest are timid, doubtful and don't believe in themselves, what they are doing.

When the market goes down the sentence will be polar opposite and everyone starts crying about the market, the market will move in either directions and even if the market went down anyone with a common sense will know that the market will rebound in the future, it might not happen immediately but eventually the market will move up and i wont be surprised if we see any minor correction yet again.

Starting of a correction, every users be like: "It's the end of bitcoin and no more rebouding or bullish rally" When correction is done and bitcoin started to surge back to it's previous position, every users than: "Buy more as bull run, still on the way" .  ;D ;D Those users who get into fomo, can't be satisfied whether it's bullish rally or correction time. So be a diamond hand hodlers and don't fall for any traps even it sounds like an another bullish rally or not. In the long run, panic users won't get anything except losses.  ;)

This is called FOMO and it is not a good thing actually. Because people will always continue to buy until the price stops climbing. And if the price dumps again, people will make a huge loss. Instead of doing this, people should have a roadmap for themselves. They should plan all of their investments and abide by the rules or goals they set. This is the best way to manage our investments I think.

This is not "panic" buying, this is just a hype, it happens all the time in the crypto world, we see these kind of increases at all times. I have seen it a million times before when the price of a coin goes up, people end up buying even more of it and it continues to go up. However do not believe for one second that this will be forever, it will eventually be going down again, we have seen 4k in march of 2020 and seen 64k in may of 2021, nearly a year difference and 16x increase, did that kept going up? Of course not, eventually it started to go down and the price was under 30k just a few weeks ago.

This is basically what we should be looking at, just the fact that bitcoin price is going up right now should not make us happy and forget about the falls, we should be focusing on what could happen. I personally hope for the best, but I am getting ready for the worst as well.

Well Bitcoin is not totally back in its current position, but I guess we can not call it a bull market yet, but the price is increasing slowly but surely, and the FOMO is buying while the price is increasing if this keeps up, the price will increase in a premature manner, but maybe the price is increasing because of the hype of the NFT games, and Defi games, right now we are in the age of the crypto game era, last time I check even though Bitcoin price is in the stasis, crypto games are doing well and increasing smoothly because of its own economy, and you guess it right when there a hype there is FOMO every where.

It is going to stabilize it again just as the usual that we always see after seeing some quite good pumps.

If people are in FOMO, it's scarier than the usual run that we want to see so that every gain that bitcoin reaches, it's going to be sustainable for a longer time.

And it's going to stay at those better prices longer.

They are not panic buying, they are just buying because they see an opportunity to make money, if there’s a panic buying then we should be on the price of $50k already. This is normal, every time the market recovers people will come and buy again because they believe the bull can happen and the correction was done already.

Why is it called panic buy? it just looks like demand is bigger than sales, it's only natural that this year has been a bullish year for Btc. And I think the prolonged pandemic is also the cause of increased buying interest, where people are confused about looking for a little extra income.

Panic Buying or FOMO is just really the same but i dont see that much to be on that case since $2000+ movement isnt something rare or non usual thing to happen here on crypto specially with bitcoin.

This  had been a typical movement and we had  just recognized for it to be that something unusual because we had seen bitcoin been moving sideways for a while now.

and when it moves on this scale then  it turns out that we do get surprised which it isnt really that something to be have  that kind of  reaction.

I wouldn't say people are panic buying since the movement of the price lately made it predictable that it will surge at some point, unless seeing it rising constantly and passing $50k then $60k again I prefer to say it is a normal volatility.

Exactly, that's the reality of what's been happening right now on current price. Demand arises after several positive news came out, so to those in regrets right now they're trying to ride with the uptrend situation of btc price. Predictions is now doing great, and it's actually attracting more investors and new traders to start an entry point for their trading career. Sooner we will see $50k again pumping until $60k.

Panic buying will always occur when the market is bullish as it is now, this is indeed a good thing that can push Bitcoin prices to rise even higher.
But on the other hand, panic buying will only make us buy Bitcoin at the peak price, even though the market often changes direction suddenly.
Therefore it is important to have knowledge, so that we can decide a good time to enter the market. For the past few days, the market has been
looking bullish. so it is very likely that the price of Bitcoin can reach the price of $50k in the near future and will continue to return to the ATH price.
But caution is needed when investing in Bitcoin, because the price of Bitcoin is volatile, making Bitcoin at any time the price can fall.

If you don’t know why you should invest in Bitcoin? If you don’t know why you should have a sense of peace? If you don’t know how to develop a long-term financial plan? If you don’t know how to distribute your income scientifically? For example, if you remove the expense of cigarettes and invest in Bitcoin, you will not only have wealth accumulation, but you will also have health. What if you don’t know how to improve your knowledge of the Bitcoin network? Then I advise you not to invest in Bitcoin. Perhaps you have made a lot of money, but I will tell you that you are just lucky and will lose your wealth sooner or later because of your subjective reasons. Please believe me, this is true.

Well the surge is because people are panic buying, trying to get into the market as soon as possible so as to get the biggest profits as much as possible. It became predictable because there's a surge and there's a lot of bullish news lately.

I was thinking that most people would still choose to have 1 shitcoin worth $500 rather than 0.01 BTC, it's just a matter of numbers. When I talk to people about it, they mostly think that way - because they think they get a very small percentage of something for the money they invest. No one disputes the fact that everyone can buy maybe $10 worth of BTC, the thing is that many are looking for cheaper alternatives that may bring them big profits in the future, because at the end of the day for most it all comes down to profit.

I'm not sure whom you intended to answer and I'm not sure what you understand from the conversation, but something doesn't matching here.
If you use translating software for understanding what's discussed here then you clearly need a better one.

You seem to be speculating highly based on the current trend of market movement patterns, although everyone is not prohibited from speculating but you should consider at least $50k almost an increase will reach. We are optimistic that the market will strengthen but not in the near future because market patterns cannot be separated from price corrections.

Expecting it from Mid-November to December again as employees will have a lot of money to spare with their Christmas bonuses.
Well, it's earlier, I'll take it.  ;D
Volatility strikes again, you will just never know when these whales starts moving their money to Bitcoin again and somehow let other people feel the regret of not doing the purchase as early as possible.
I have seen lots of FUD and impatient investors, maybe they already sold their bitcoins and not take their chances.
Popcorn, anyone?

I regret that the FOMO phase/bull run started so soon.I wish I could hoard more Bitcoins at a price below 40K USD.I wish the stagnant market could continue for at least several weeks. :(
Those who were saying that Bitcoin will end are most likely bulls,who wanted the BTC price to drop way below 30K USD,so they could buy cheap BTC.Many "bull" traders were secretly spreading FUD during the spring.
I hope that this price increase won't be another bubble.

 

To hard to enter right now as many people are getting hype with current market condition so maybe I will try to spot the best time to enter and just watch the chart for a while since I don't want to get FOMO on certain situations, also I don't want to bag hold for long time since doing this is not ideal as I'm not a whale. I also hope that this is not a bubble and we can see more price stretch on next couple of months.

Most of time,it will happens.It's like a rabbit and carrot formula.When the price of bitcoin pumped to the value f 3-4 percentage in a day.Surely,we expected huge rise in some potential coin.It's enough for the beginners get  into investment.Most of the time,people earn money from it.Sometimes,they are forced to lose also.

Oh, I am sure those people smile when they see the price now reaches $45,895 and they only need to wait for the price to hit their target price and sell it to take profit. Not many of us can have that opportunity to have bitcoin at a low price, but many of us already saw the price is on the dip but do not use it to buy as many bitcoins as we can. You make a profit from this situation and once the price increases, your profit will become bigger. The altcoins will take the time to increase behind bitcoin and I guess that time will not take too long so be patient will be needed.

It is not panic buying but considers this will be FOMO. These buyers are afraid to miss the train before the Bullish start again. How do I wish that Bullrun will come back before the year-end but also I was thinking on the negative side what if this is just a trap, something huge drop happen next?

Even there is a massive price increase in the market, I will still be careful with this situation. Maybe I could say that I was in regret of selling it earlier and are not able to wait for the price surge, but knowing that we can't predict the market, it seems to be okay at least we are already secured and in profit.

I was one of those people who predicted that when the price plunge to $33k and then sideways, it could be at least touch $25k level. I was wrong.
I was surprised when the price surged from $29k to $40k. I thought it was because of Amazon news. When Amazon gave clarification and correction happened to $36k, that's very defining moment.
If the price increase, I believe that many people believe that Amazon news is actually true. So in my opinion, this is not really FOMO, because if that Amazon accepting crypto (and probably will be followed by other e-commerce) will happen, then even $100k is possible.
I think this one is not the 4 years cycle that btc price would dump to -60%. I think no. Crypto become a lot more popular, a lot of money come to crypto market because many financial institution start to invest.
Defi, NFT and other crypto space/product is also a big push as they offer more lucrative way of investing.
Let's see how much will this bull run peak at. Otherwise there's still a little possibility of this is actually bull trap.

Well, it was quite a natural reaction since most people seem to have that idea where they should buy when it's pumping, and not before the pump. This leads to them basically losing a lot of money due to entering the market late, letting those who bought early on profit from their mistakes. I'm not sure if it's full on FOMO, but there is certainly a part of those who bought late that are thinking of it like that. I'd actually wait a few more weeks since it might drop off before the ber months, then go slowly back up from there. We might just exceed the past ATH then.

i dont think that the pump that we are seeing is caused by panic buyers but theres actually more people that panic sells whenever the price starts to fall  . there are positive news last time and i think that was the true cause of this rise .

i dont think they will regret for not buying btc but they wont buy a btc because they are btc haters.  its also funny when they say btc ended after it falls to 30k because that price was too high but btc wont end even if the the price falls below 10k but it will only make it more stronger .

This is another FOMO for people, not a different thing than that. People see that Bitcoin price is increasing like hell and the other people buy Bitcoin more and more. So, they start to feel like they will miss out a golden opportunity if they don't buy immediately. This feeling affects these people so much that they also start to accumulate Bitcoin suddenly also.

But I must say that FOMO is absolutely not a good thing to do. It might cause you to lose incredible amount of money after some time. People who FOMO are mostly panic-sellers as well according to my observations. They don't destroy only themselves. They harm the other investors also. Because when they start to sell a very high amount of money, it just destroys the market also. And the price starts to have difficulty in staying at its current level as the resistance is weakening. This leads to even a big dump sometimes.

Same words that we do really hear off often on where people do mention on buying on the right time or when the market is already on red or dip but when that time happens then uncertainty and doubts
is there and still having that decision to wait even more for possible lower prices which its just a normal reaction to have and either way neither some fud or fomo people do have that common reaction
where they do tend to dive in and tend to wait for the right time because humans are most of the time perfectionist when it comes to things without even realizing that the market is way too unpredictable
for you to guess on whats the perfect bottom and whats the perfect peak spot.

Let people do whatever they want to do, it has been an insane past 1.5 years, with pandemic and an increase in crypto that is surreal, we should not really judge anyone doing anything. Sure it looks like there is an overbuying going on right now and the price is having a bit hard time keep going up, but look at altcoins they are doing fine for example.

I am not really worried about doing anything excessive, I feel like we should be doing quite fine for now and I am not worried about anything in the future just because some people bought a bit more than they should. I understand that we are not really seeing those 60k+ just yet, but the path for that goes through from these prices and standing here as long as we can, who could say that we can't really see those prices or can't say here? Sure we may go down, that is always an option, but we may go up as well.

A lot of naive investors will always have the FOMO whenever the market uptrend momentum is strengthening whereas they ought to have accumulated when the market is in the downtrend condition but despite the positive trend of the market I believe we're in the last appearance of this year bullish market.

The frustrated buyers are now ranting to own btc, and what I analyze further was because of predictions that started to state about $100k target this year. Technically this was gaining more interest and I guess everybody really bound to be more positive this time after 50% downfall, then eventually goes back to $45k which is so amazing to see.

Then we're going to see $100k. ::)
But honestly, this is just another typical day for bitcoin that we're seeing. People are only buying when bitcoin is going up but when it's down, many of them don't feel that they should buy at that price because they think of the negative side. In result, they're in fomo and feel that there's a need to rush but the best strategy is to feel that every single price increase, you're part of it and when it's down, you knew what you have to do.

strategic investors would buy when it is at dip. because if you truly believe the capability of btc, you know that it will rise its price again and again. it may suffer correction from time to time but that's what normal market supposed to do. though you don't know when but the market is already established and as adoption grows stronger, it will be a very good basis why it will continue to make history in the market. don't know what is the reaction of those spectators who are aiming for btc to go below 20k. i suppose that's far from happening atm.

it has become the behavior of those who have a panicked soul. when the price starts to rise rush to buy and when the price fluctuates a little immediately panic again rush to sell again. they belong to the category of amateurs in the investment business and people do not dare to take risks in investing.

Didn't you all see people are still panic buying right now? Bitcoin back to $46,000 and almost all altcoin even on green because of bitcoin price pumped up.

Those who have bought bitcoin when it was above $50,000 or even on last ATH at $64,000, don't worry, it will be back and would even reach new ATH later


Those who saying this is not panic buy, f*ck off

Why did Bitcoin in 2017 get hype, then this year Bitcoin surprisingly rose to a price above $60k. It can all happen because of FOMO, these people
are always there every time Bitcoin enters a bullish trend. If we see that Bitcoin has gone up in price these days,  it is possible that FOMO has started
and there is a possibility that Bitcoin will return to $50k this month. We really have to be optimistic about the future of Bitcoin, moreover Bitcoin is
also starting to gain the trust of several institutions. Bitcoin's target price of $100k should be achievable this year.

The real traders and investors won't have such a kind of mindset that is why they mostly succeed and are in profit. They keep themselves calm and acted seriously.

Emotions are a great enemy that is hard to control, like panicking is mostly what we feel especially when we don't have trust in crypto and ourselves. Might these buyers are in a panic to miss the train but I'm going to feel how fast they will sell when the price will start to dump. 

When the market is going down, people are panicking and they want to sell all of their holdings because they don't want to incur more losses.
When the market is going up, people are panicking and they want to buy whatever spare money that they have because they don't want to left by the wave.

For those investors who are doing those 2 things that I said above, I think it would be better if you will just not invest at all. Investing out of emotion is really a bad thing to do. Don't ever invest just because you feel that you need to and at the same time, don't cut losses because you are scared to see those portfolio of yours down double digit percentages. For those people who hold or at least bought at near $30,000 like me, I would say congratulations to all of us :) EZ profit :).

That's because of the mixture of hype and FOMO, now they want to get in hopefully not the halfway of the market, I just hope that the people that are panic buying right now have the patience to wait for the big profit even if the current pprices are going down. I am tired of hearing stories about buying at high price and panic selling at lower prices.

If they are not in profit they are in break even that's why we cannot see the experience trader crying on their losses in trading since they still manage their portfolio by doing something good decision regarding on how market turns at the moment.


Its hard to defeat our emotion especially we see a huge market price fall and I can't blame to others to get panic since we know we have different capacity on how we hold things towards our portfolios.

The main logic has always been "buy low, sell high" and anyone who doesn't do that is a loser. I have seen many many people like what you said, there are tons of people who buy when it is going up and sell when it is going down, it is really not a bad thing for any of us because we always need people who will sell to us when we want to buy at low and buy from us when it is high. I have to be fair and say that I do not sell at high neither, I should do that I know but I just do not like selling my crypto, I usually hold it, but at least I am not selling at low neither, I am just not selling at all.

However that doesn't mean that we should not be focusing on those who make a mistake of buying/selling at wrong places. What we should however focus on is the fact that if we follow "buy low/sell high" method then we are going to out-profit all of those people.

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

Why cant people do consider out on panic buying when market is already down or in red mode? People do really love to jump in when its gradually increasing without even thinking that they could really

make more profits if they had just able to get in earlier or when the price is still cheap compared to the current time.It isn't surprising though because majority would be having the same thoughts.

They cant really just dive in because the market could go down even more but if you are already having some experience then you would rather see this as an opportunity.

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

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

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

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

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

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

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

https://i.imgur.com/IzdRj9m.png
Source: https://cointelegraph.com/news/bitcoin-loses-4-in-challenge-to-bulls-push-for-50k-watch-these-btc-price-support-levels (https://cointelegraph.com/news/bitcoin-loses-4-in-challenge-to-bulls-push-for-50k-watch-these-btc-price-support-levels)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin sitting $47,600 right now. Who did said this wasn't panic buy?

We are close to next crazy bull run, and it isn't not a surprise if BTC will be broke last ATH at $64,400. When that time comes, those who said this is not a panic buy will regret didn't accumulate when bitcoin was below than $50,000 or even when it was only $30,000.  ;D

Yes but psychologically new levels have already been established in the $60k range. Bitcoin always went back to where it came from relatively easily once it gets going. People know that $65k is not impossible because we have already been there. They'll analyze the past and might think, well if we go back to $65k this time we can go make it seven figures. Every ATH, even if we crash right afterwards, still leaves positive impressions in the minds of investors. In the beginning they think we can never reach that level perhaps, but if you were there once, it can be and will be done twice. The market is far from saturated and there are so many more people who do NOT own Bitcoin yet.

People are so excited about the prospect that bitcoin is bringing up these days. Especially with the prediction that bitcoin could rise to $100,000 over the next decade. Hence the reason why people are competing to invest in Cryptocurrencies. Because when the price of bitcoin soars, people who have coins are certainly happy, on the other hand, when the price goes down, not a few people see it as an opportunity or a loss.

Everyone will want to buy it when the price is cheap, but they are worried the price will go up or not, and in the end they can only regret and say to themselves  if they had bought they would surely have made a big profit now ;D, and usually those who do not dare to take risks will always be filled with fear in investing and in the end they end up with long regrets.
 In my opinion, even though the price of crypto in the market is now starting to improve, of course there is still an opportunity for us to buy altcoins or bitcoins, because currently bitcoin has become an investment asset that is favored by many people and the possibility of price increases can still occur in the future.

some peoplr aware that the price of bitcoin could go up $50,000 when bitcoin price was only $500 including me.
but cant resist to go all in sell them all at $10,000 , and guess what..  we bought them all again at $20,000 but the price goes down to as low as $3k back in early 2020 , mathematically we are still in profit but shit happened and cant buy more when it was dropped to $3k , in the end situation forced to cut the lossess on $5k..

we can only watching now no matter it is a FOMO or whatever.. bitcoin will always worth to buy in any price if you are a believer.

Definitely because if you are just willing to hold, you will surely find an opportunity to sell at a good profit. Bitcoin hit $60,000 already, we thought that $100K is just too much for just a short period of time but we were surprised in the past bull run, so there's no reason to discount the success of bitcoin and we should still continue to be bullish so we will not be surprise again.

It's going to be close to insanity now that bitcoin has stood above $47k likely at the end of august there's something better in the face of the bullrun so i think the madness must have been pump-wide, (i know it's just my speculation) but i guess there's so that's not to miss in panic buying so they continue to intensify the price is still under $50k because the true ATH before it will surely be reached again soon.

Not sure to $30k again we are just waiting for a moment of correction or $43k after that I will set a lot of stacks for bitcoin.

same old story. what can we expect from the people? if it is down, people are afraid to buy, but once it goes up, they will regret that they haven't bought when it was in dip. but for those true believers, they will see a very good opp when it is in bearish market. but of course other than btc, you also need to look for valuable coins that will recover once the market is green. users here will learn their lesson thru time. newbies will not forever be newbies, they will learn their own lessons and will use it to continue their journey. however, some will turn away esp those who lost their lifetime's savings.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.

It's only FOMO if don't have a realistic target to sell, it's still good to ride even if the price is pumping because, in short term, you can be profitable with good timing. With how the price is moving now, it really gives the impression that a bull run is still here and we might again see a big run in the last quarter of the year, just like last year.

There are still lots of people who are not into this business, if more will see the benefits then yes

the value will continue to rise, currently we are moving good and the market still bringing good amount

of profits to those who managed to buy at the bottom, they have good profits now.

In crypto market it is very difficult to control individual emotions. Here panic means that we have no trust in the market . Neither panic sale nor buy can be expected. To do better you must enter the market early.

FOMO froth is not especially apparent right now, we do have momentum with some resistance it could pullback moderately and still remain bullish.    Just waiting to see which way it'll go, Dollar index isnt doing much but general market has some apathy as to further gains possible.

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

Most obviously if we do trade below 200 day then 42k is about my near term target downside and I still think thats just a wavering situation rather then especially negative or harsh rejection of these higher prices.

As expected people are really doing panic buying everytime when the price start to rise, it is still profitable but not as much as the profit that we can get when we buy on dip example of dip is the price of btc from 2018 to 2020. However we can still buy it today but there is small risk due to the continuous rising of the btc price.

As always and its a common behavior and nothing surprising.  8)People would make out some panic buying when it starts to climb up without even minding about possible bull traps.

Even myself do still really have this kind of behavior too because its never been easy to look for the possible bottom but due to some technical  analysis then you could really make out some presumptions.

This is where risk management do matter which would be entirely be different to each trader/investor.Act according to your knowledge and some mix of gut feeling.

They're not really in panic, but what's ending up was both bull and bear market competes so intense. Maybe there's slight panic buying when price started to show rapid increase, but that doesn't mean we're going to trust the market 100%. We still have to consider possible crashes, and I think it's not easy to control because our emotions was too weak specially to new traders who risked their money without knowledge.

Yeah its good to ride if they have experience to do such thing but if they are newbie and just been hype for the current situation for sure they will left behind without knowing their next plan if the market suddenly collapsed. But for veterans these kind of situation is a gold pot since they have target price to sell when market is currently running so good or been hype by certain institution. That's why we need to learn many things if we want to trade since some other technical stuff would really help us to define the possibly outcome of market in certain days.

If I look on buy and sell candles on trading chart (on coingecko) with 1D interval, I see that the candles are practically identical to what they were in July. Reminder - in July Bitcoin price was around $30-35k. From that, I can say that volumes has increased a lot and people are panic buying, because they expect a rapid growth. Comment please on my notice if I'm wrong.

HODLER trusted the market 100% lol and who is the most successful people in crypto ? those are they , the one that keeps the holding even there is a pump and dump.
yeah there are some who earns in buying and selling but there are also many losers.
while the hodlers keeps earning now and then , they even made thousand multiplied since the buying happens from earlier as 2010.
so never mention not to trust the market 100% because you are completely wrong, it will be depending on your strategy , if you cannot keep the funds longer then do Short term trading but for those who can keep the coins? lol they are the winners .

The BTC Market is giving many turns so that it does not look boring, because the bulls tried to reach the price of $ 48k but they were obtained with a lot of offer and therefore the price went to $ 46k, it is likely that it can push as soon as the supply decreases:

https://i.imgur.com/2F0Q5TI.png
Fuente: https://u.today/btc-ltc-and-ada-price-analysis-for-august-17 (https://u.today/btc-ltc-and-ada-price-analysis-for-august-17)

For now it is a great time to wait, the volume is growing and it is a good sign, everything indicates that there may be an important movement, however in my personal opinion it would be in Hodl mode and I would look for a way to buy, it does not matter if the price falls , because I have the conviction that it will rise.

At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.

People would neither sold or hold their coins according to their needs and preference since not all would really be having that kind of level of patience into holding into something for 3 years or more but i do agree that there are people who could do such thing but this doesnt really apply to all.We do have our own choices and jurisdiction in comes to that manner.

Panic buying is something that can be considered as FOMO.Do it usually happen? Everytime there some increase then it cant really be avoided to presume or having impressions that it might be the start of a bull run.

If percentage rise was significant then its the time on where those observers would taking up some action or making their position.

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

The mood looks positive and I also predict that the bull run will last at least until the end of the year. However, we cannot be arrogant in this. Remember that the cryptocurrency market is very violatile and anything can happen. We can speculate, but we should also have a bit of humility, because there was many large investor that has lost because of such confidence to predictions.

well, actually at this time the price of bitcoin has not reached the price of $48k, and is still up and down in the range of $44k to $47k. however, its speed to rise is quite fast, and it means that quite a lot of people are buying bitcoins in a short period of time. With this in mind, there is a high probability of hitting $50k in these 10 days before august ends.
well, for those who haven't added stock, I think they are currently trying to raise funds to buy bitcoins.

I have always discussed bitcoin, almost every time I advise people to make a purchase, but at certain times people say bitcoin will go down at an unwanted number.

This month proved what we often discuss, that bitcoin will still be at a very good value, even if the fall is only temporary, I think people will regret this incident, if at some point in time they can't take advantage of bitcoin at that time.

See? Heading $50,000 is very near right now as bitcoin touched $48,500 instead goes down to $40,000 or lower.
Whoever bought bitcoin when there was many FUDs, you are deserved to earn huge profit right now just by sitting and waiting bitcoin hit new ATH. Congratulation!!!

But this is where a high number of potential buyers might get excluded if they can't afford to hold for 3 years. You are right given the statistics no doubt about that, but we won't have these amazing returns anymore. Bitcoin going from $1000 to $1000 was more likely then Bitcoin going from $50000 to $500000. It's tougher to invest now depending on the returns you are looking for, but these outstanding returns are less likely. Most can only afford a fraction of a Bitcoin and that might also feel different and somewhat depressing. No idea, we will soon find out where we are going.

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

They are more afraid seeing their investment losing value, instead of thinking positively and buy more coins to hold.

Traders always finding profits but most of them always love to doing quick one but those who can manage to take

a hold and wait for longer time they are the one who will earned a lot.

Really hard to tell that they should stay positive because if you are into their situation then you would definitely be doing the same.Why? we are just human beings and we do easily get affected into these kind of situations

and its truly inevitable even professionals or experienced ones would really be having the same problem specially when we are just starting up with this market then its really hard to handle out everything in first time.

Panic buying or Fomo.. Panic selling when there's Fud and as a trader then you should know on how to ride off with the waves and take advantage with it.

How exactly do you wanna do that?

Well, for me, if there's an opportunity to buy during the dip I always grab it and if there's a chance to sell when the price is high I always take my profit. I think this is what the waves you are talking about. It's not that effective if you are a daily traders because the market price often move high each sometimes it takes more than an hour before it changes to a profitable price.

Anyway, my question is why do people starts to fomo when the price is already high instead of buying when it's cheap? This is always happening everytime Bitcoin price started to pump they are all helping the whales to gain more profit than they do.

Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

Seem optimistic it will be $100k this year, and gladly i have some Bitcoin when it was $45k several week ago. Look like this year full of surprises and i hope it will continue positively to around $52k as our next resistant.

Since the bull market is going on, there must be panic buying. However, there is no doubt that BTC will set another new record. The market is getting better and better. Panic buying or selling both are prohibited but strategy is yours,how you are applying it.

Where exactly do you see the high pace you are talking about? It just turned decently positive. That is what I would call it when you consider it from crypto's history and what pace we have seen before. There were days where the whole market jumped over 25% and that is what I call high pace. For individual coins it was much harder sometimes, they did several double ups in a day.

It's kind of funny that people panic and pull down the price of coins they hold themselves and now they are being a victim of the price hype and buying something for a higher price than they usually should have bought at. I can't comment if the price is good enough to buy or sell but as an investor, we must not panic once the market crashes slightly because us selling only makes the crash worst.

I hope we see a new ATH and even 100k before the end of this year but the point I am trying to make is that people should have some patience. Either we buy because of the FOMO or we sell because of the panic.

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started
to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days,
if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I think this is not the right time to buy some any crypto as of moment August 24, 2021, 04:34:17 PM forum time the Bitcoin right now is slowly decreasing and it will continue till October in my opinion. So it is much better to hold our funds right now and invest at the right time. But it is up to you on how you will gonna manage your funds it is just my opinion only.

For a few hours but not completely conquered it in a day, I have to say. Not that it will take much longer. The bears will look at this with a lot of fear, how even at failure to break important resistance the pullbacks are not so far away.

I wonder how many bears have turned into buyers at this stage, and how many more at 63000...

That's right, depends on your own calls, that's your opinion and we don't know what's going to happen yet so better to wait. I think that we should also be careful and not sell anything yet because you might end up missing out on much bigger profit.

I don't support buying just because of the Fear Of Missing Out either but for Bitcoins, I think it might be a good mistake to make. The price of Bitcoin might swing down once again after a good run but there is genuinely no reason or valid argument one can make against the true value and worth of Bitcoins in the future.

In 2017, when the price went so high and some people purchased at the peak point, it was termed as a foolish mistake of buying at the peak. But look back now and you will still come out in profit if you only held strong through all these years gone by and the same will happen in the future.

It's not a good analysis if people say bitcoin this year will go down, even if people can make a bitcoin study from month 1 to now, then there is no logical reason that bitcoin will go down, or indeed because panic makes people unable to properly analyze the condition of bitcoin This year. .

I started doing a little research on bitcoin in the 2nd month, at that time there was no fast movement given by bitcoin, but I still believe bitcoin will give a surprise in the 6th, 7th or 8th month, today this research has been proven and I have convey before in this forum.

Yeah, but you must also factor in the fact that with the market cap getting bigger each day, it is not possible to see the same growth rate now as we are probably used to seeing from past years.

I give you a small example to explain.

If the market cap is $1000 for a coin, it only takes a $1000 "need" in the market to double the price. If the market cap is $10,000 the same need of $1000 will only help the price by 10%.

I hope this makes sense, I am not sure if the example is accurate but it should suffice to explain my point.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

I’m not feeling the FOMO yet. There’s still plenty of bears out there and we’re likely still 2-3 months away from an ETF approval. Wait until Halloween if you want to see what FOMO looks like. You’ll be reading about people mortgaging their house and taking out private loans to buy Bitcoin. I think we’ll see a >$10,000 gain in a single day before this is all over.

Indeed, I have a few friends who are just getting into bitcoin seeing the recent resurgence.

Be fearful when everyone else is greedy. Even though I am a long term believer in Bitcoin, I think that it'll be a matter of time before this bull market comes to an end and a lot of overleveraged traders get wiped out.

It's okay if you're buying right now, just make sure that you control your investment sizes through Dollar Cost Averaging.

Yep its not FOMO froth action, its more steady then that and we are still moving through the slow moving traffic of prior volume at these price ranges.   When or if we get free of any restraint then things become a little loco most likely which is rollercoaster type action but this isnt quite it.
  We are recovering from a pullback to weekly average and just regained 2 day average and rising above that still.

Yeah, ever since this topic started the price of bitcoin kept going up, and I have to say that I find it interesting and funny because it is obvious that we are not going to keep on buying right now because of panic because the price is actually going up and should be making a profit based on the correct assumption that price went up, not just panic buying.

Panic buying should be said to people who end up buying bitcoin because they saw it go up, and they got panic to buy it, but if the price actually goes up and makes people profit then why would we call it panic, it was a correct decision to buy bitcoin because we made money from it as well. I wish I had more money that I could have used to buy more bitcoins, I still do not have nearly as much as I want to, I want to own 1 full bitcoin and I have a long way to go there and when it was lower at 30k levels it would have been awesome to buy more.

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.

Really hard to point out specifically considering that buyers could neither be those typical investors or something like that and panic buying or simply FOMO could only be determine if quite obvious or evident
when you do hear up soo much noise in the community

but for now we do see its really silent and its just like an ordinary day and if you do really mean to take advantage of the movement then its up to someones experience and skills
on trading.

You should know on how to position yourself so that you could potentially make out some profits.

Many people just come into crypto and started investing when the market is hot and it is hyped. I'm so doubtful about this idea but it looks like it was been a practice my most. And this could be the reason for many people are suffering losses and they just blame Bitcoin instead of blaming themselves as that was obviously their fault.
I don't know why, but this FOMO,  panic buying are the things that we need to stop otherwise, we can never see good on us but just a losing ends.

Panic buying sounds better than panic selling, sometimes price movements do make them out there feel regret and sometimes like getting the right predictions to get the results they want.
With price fluctuations that continue to occur as it is today, this is like a natural occurrence that makes Bitcoin more durable/long-lived and more in demand from various investors.

Sometimes we don't appreciate what Bitcoin has achieved this year, I agree don't be too obsessed with the $100k price. Even if the $100K goal failed
to reach this year, it will someday be achieved. And it doesn't mean Bitcoin is bad if it doesn't reach the target we want. Because as long as we can
make a profit from investing in Bitcoin, that's something to be grateful for. As long as Bitcoin is still on the right track as it is now, I believe holding
Bitcoin is a profitable thing to do.

Normal for people do have this kind of common impression which we arent really that grateful on things that we had achieved now.If we do really compare those past prices then we could really
tell that we have reached too far but im not surprised that people wont really be that contented into those numbers that we are seeing as of this moment. Reactions and actions would be
made will be basing into their own perception and views towards things and this is where people do have different takings towards their investment
Some do panic buy and some doesnt really care at all.

People who panic to buy, panic to sell also I figure so I'm waiting to see weakness tested.   Lows this week were about the 200 day average which is an indicator not support by itself, we'll see if that was enough to end any negativity going forward.

https://talkimg.com/images/2023/06/12/AfO5d.png

This is just an idea but if we are to close below the trend (weekly closing bars) and it proves significant then we should move down more then just a little.   Of course BTC always wants to prove me wrong or quite simply go sideways for extended periods of time which is about the same thing.
  I'm told markets can correct not only through price but also through time meaning a trade can just out last out all speculators and eventually go upwards anyway despite displaying weakness at some time previous.   Thats because many buyers deliberately spread out their buying to avoid spiking the market.   Anyhow I think we remain strong but I want to watch for this break scenario just in case.

It's not better sounding because they're more likely FOMOing which is a bad thing because when they do that and bitcoin suddenly goes down, they'll be followed by panic selling which is definitely going to happen because I am sure that those people are easily influenced by short-term fluctuations of the market.

Whatever we call other people, it does not matter anymore as most of us are greedy, we want to maximize our profit. At the end of the day, it boils down on how effective our strategy is, if it will result to a profit, then good, if not, then we have to accept and improve that strategy so we will survive being an investor or trader in the crypto world.

People especially newbies have a FOMO mindset they don't want to be left behind they are more confident in buying when the price is going up instead of buying when the price is going down when the best advice is to buy cheap and sell low, but they don't want to be positive when the market is going down, they don't want an opportunity to make a future profit and it will only happen when the market is in bear.

Panic buyers and sellers will always be a part of the cryptocurrency ecosystem. Although of course, just because it happens a lot doesn't mean it's normal. Then again this is mostly caused by FUD brought about by most cryptocurrencies' high volatility rate, which always acts as a double edged-sword that could either rake in thousands of dollars for the investors or leave them penniless in one sitting. Honestly I grew tired of these people because no matter what happens they would always be there, most of them investing money they can't afford to lose which is a big no-no in investing. Honestly both are bad and wouldn't cause bitcoin any good in the long run, but both exist for a reason. They are there because they either can't afford to lose the money they invested on, or flat-out just FOMOing and FUDing their brains out causing them to do these things. Whichever it is, it is to be expected that once bitcoin reaches a much more stable state, they'd slowly lose traction on the market and would eventually fade out completely.

It is going to be incredible difficult for people to stop this kind of behavior because as we know the markets are driven by emotions, so while in theory every single decision that you take in the market should be based on the information you have, the knowledge you have accumulated and the experience that you have as a trader or investor the truth is that most of the decisions that are taken in the market do not take into consideration any of those three factors and people only use their emotions, which is a clear mistake, but that is what people do.

That usually results in a loss based on my experience, I also once was a newbie that has no idea the real situation inside the market, and just learn to be more patient and play the game right because I learn from my experience, so maybe they will learn from their mistakes not to be too emotional when it comes to investing, always use the mind as FOMO is always a great opportunity to sell, not to buy.

The more you do engage with the market the more learning you would get and this is where people do really make even more better as the days comes on.We dont start up on being a pro
directly on dealing up with new things.

There are really just people do make out actions due on being a noob but those would later change out as you do gain knowledge along the way.

When it comes to panic buying which is simply a FOMO then this is something that nothing rare on this market.

The fact is that humans are creatures who are never satisfied, so no matter how high the achievement of Bitcoin is, there will be many people who
want the price of Bitcoin to rise even higher. I agree with you, if we compare the price of Bitcoin the previous year, it is very far from the price of
Bitcoin today. But many people are not grateful for the profits they make now, they want to make even bigger profits. In fact, I have found that
some people risk everything to invest in Bitcoin, without them thinking about the risks they will face. Finally, when the price of Bitcoin started to
rise near the price of $50k, I saw panic buying occurred, therefore the price is now stable above $45k. This is actually a positive thing to buy Bitcoin,
but it's best to invest in Bitcoin only using the extra money we have. Because we will never know whether Bitcoin will continue to rise or correction first.

I believe BTC has some trend failure and now also momentum failure over the last few days.  I'm wondering if it can resolve itself without price correction just over time going sideways but really i think we do need to settle lower and find volume buying to challenge this amount of (potential) speculative profit taking.  Its not a serious sell but quite normal to occur, I put in some Fib (https://talkimg.com/images/2023/06/12/AfDEI.png) retracement levels as a guide and it fits previous possible support areas also

Panic buying and selling is bad. People who haven't enough knowledge about investing or trading, they see the bull run and used to panic sell and panic buy. Its the cause of lose money. Sometime people don't judge anything, because of greediness they buy some coin and after the market down they lost their money and going to be mad. Who have enough knowledge about investing and trading, they never used panic buy or sell.

This means that they never want to be patient by waiting for something right in the market, sometimes panic occurs due to FOMO or being dumped, that's people who have no ability with themselves in the market so that when there is a slight movement their hands will click on it to sell and panic at the same time. pumping occurs.

I don't know what should happen but we have to get used to the market situation that is moving then that will be the way of our experience in trading, I never deny whether it will be like this or not.
But there is a saying that if you hold back you can get rich, maybe that's a solution for those who like to panic.

Panic to buy and suddenly... things get worse to fall even more than what most people anticipated.
there is a lot of institution with huge cash recently and thats a huge concern for me , the sudden freefall could possibly happened soon ... i pretty curious about this as when people expecting a quick and high hopes in bitcoin .. sometimes its a golden times for those who have been in green area  profiting from the last dip to sell at tops and that time is now.

beware just beware it's a trap!

Unfortunately things are never so straightforward, even if you have great knowledge about trading and you know everything that you must do that does not necessarily means that when the time comes you are going to do what your strategy wants you to do, this is why it is called panic selling and panic buying, people let their emotions to take control of them and then act on them, and as a result they buy or sell at terrible levels and regret their decision but if faced with those circumstances yet again they will make the same mistakes.

usually beginners who are new to cryptocurrencies who experience things like that, because they usually only follow instinct and also the hype that occurs in the market without analyzing price movements before making a decision to buy or sell crypto, so that without them realizing they start to get caught between the possibilities in the event of a loss, I think as a trader we should be able to analyze market conditions and also some factors that might affect the crypto we buy so that at least we can make the right decision to enter or not on the market.

yes that's right, buying sell is better than panic selling. the higher the demand for bitcoin, the more pump the market price. a lot of future information benefits when people rush to invest when the market price begins to soar, so that the market price bubble is getting stronger again. don't ever think that other people regret those who fail to buy when the market price drops $30k, because always expect the market price to fall to $20k.

We actually see this scenario whenever Bitcoin price starts increasing at a decent or high rate. There are so many people who FOMO. They just can't help about buying Bitcoin when they see many people starting to buy Bitcoin and making profit. This is some kind of a chain actually. With the help of this also, the demand increases very highly. And it helps the price increase even easier than before as it becomes easier to break resistance levels.

I could see a sense of urgency form some of the experienced traders to accumulate as many coins as possible. In the recent weeks, there have been a number of rumors about big companies accepting Bitcoin. First it was Amazon (which was partially refuted by the company officials), and after that it was Walmart. And a couple of days ago, one Twitter official confirmed a data leak claiming that they are working on a Bitcoin tipping function for the users of the micro-blogging site. I will just say one thing. In the next 6-12 months, there is going to be huge leap in acceptability for Bitcoin. And who knows, this may be your last opportunity to accumulate coins at five-digit prices.

there is nothing wrong with buying at this time but if the reason for buying is because they see prices continue to increase and they buy with the hope that the positive trend will continue I think it will cause a lot of problems when reality does not match the wishes so the possibility of panic will lose assets to cause losses will occur because the bitcoin price market situation continues to experience very fast movements, both high and low price movements.

Around 30-35k was the best price available to accumulate the btc and people had ample opportunities during that phase. But those who were skeptical are now buying at 50k price range. But for those who continued to hold or bought at that time are now enjoying their portfolio grow and will continue to grow in coming time as well. Those who are buying now, continue to do in phases rather than buying all at once.

Almost all people were afraid to buy bitcoin around that price. Many speculators also said btc will go down to $20k or even $15k but it didn't happen. Now around $50k, people are likely start to buy again which if it drop, you will buy on the peak. That's why always do DCA to buy any coin which you can think profitable

If the person is able to cope with the emotions and understand how this market works there is nothing to worry about. The problem is that most investing people don't understand what they're doing.

That is, during the phase of the lowest price, we only think about speculation about bad things so we are not brave enough to buy at the price of around $35k even though if we don't look at other news it won't happen but we think about fear because if there is a decline below $20k, after reaching $50k more people are now more confident buying even more now believing in speculation bitcoin could redeem 100k by the end of the year.
So it's true that DCA is very important and don't believe in something that isn't necessarily true.
But we have to be sure about bitcoin as a whole.

I've seen a lot of people like what you said, there are a lot of people who buy when the price goes up and sell when the price goes down, actually not a bad thing for all of us because we always need someone who will sell.
The main logic is always "buy low, sell high" and anyone who doesn't do that is a loser. i don't sell high either, i have to do that, i know but i don't like selling my crypto, i usually hold it, but at least i don't sell low either.

Anyone who failed to meet the right timing will lose their opportunities to earn from this type of business,

So easy to say that buying low and selling high is the best practice but the vast majorities are doing the opposite, instead of buying low selling high
they are buying at the peak thinking that the hypes will continue then sell it when dump is ongoing.

Bringing a huge amount of losses and forgetting the logic of this investment, before taking your ride make sure that you are
willing to risk your nerve volatile nature of this market would kill all your invested money.

This is of course very natural for those who do not believe in the potential of bitcoin and also do not have sufficient experience in this field. Don't blame them because I'm sure they just don't want to lose the money they've worked so hard to accumulate in trading because they don't dare to take the risk. Forcing the urge to buy when bitcoin crash will only keep them from sleeping. So I don't think it's a mistake, but they just don't dare to take the risk it might take.

Bitcoin can be bought at any price if the buyer wants to hold it long term. $50K may be a high price to buy at the moment, but we know traders can still profit simply because of price volatility. Bitcoin profitable for traders in the short and long term, but they must have a good analysis before placing an order.

You are not wrong however the people that are buying right now and that do not know what they are doing are doing this because they expect short term profits, they had months to buy for a price below 40k and yet they did not took advantage of this, but why is this the case? Because they were expecting an even bigger drop which never materialized, and even if it did it is fair to wonder if they would actually buy bitcoin or they will be too scared and will miss on the opportunity to do so.

I strongly believe that there will be another chance to buy bitcoin at this range. Maybe not 35k but the $40k level is very welcome. A healthy correction is needed for the upward movements. Also when Bitcoin will be a dump, It will be a good chance to buy some Altcoin at a cheap rate. altcoins follow Bitcoins, So whenever Bitcoin will dump altcoin also will dump.

Panic buy or sell is not good at all. In this way, traders/investors lost their money most of the time. Without a good Entry, exit, and stop-loss it's not a trade. It's like gambling to me. Every time I buy or sell, I use my own Technical analysis for that. Its works nicely, Trust me.

most people think like that because at that time there was a bear market going on. many people think if the bear market that occurred in 2018-2020 will happen again at that time. but the reality is not like that, bitcoin only lost 50% of its high price and after that bitcoin price went up again.

We can buy anytime and I believe in the power of bitcoin. It is a great investment in all time but we have to choose some special time also to get higher level of profit. At the time of panic sell, we need to buy more crypto.

Buy more crypto, but 95% on market are only shitcoin. Investing in bitcoin is the best investment ever, you can read how Michael Saylor described investing in BTC is the best investment ever since the ROI in BTC is far higher than GOLD. Buy and HODL is the best way

Buying and holding is a good strategy if you are not greedy enough to wait for a huge price. Those who are saying that they made a high ROI on bitcoin are those people who invested early, for the price of bitcoin now, a 1000% increase is unlikely in a short period of time, but for altcoins, a 10,000% increase is possible in the bull run.

Right now is not the right time to make purchases of bitcoin, usually in conditions like this people take advantage of selling some of the existing bitcoins, bitcoin conditions continue to improve, so selling conditions are more stable even for the current bitcoin selling price is quite promising, don't panic with declining conditions the price that occurs in bitcoin, because bitcoin will actually recover and return to normal at a certain time, there is no need to worry too much about the correction that occurs in bitcoin.

You don't need to be early now, you can still invest as long as it's in bitcoin because this is the best investment with holders in the long term with the ROI that you will get, of course, it won't be as big as the initial investment.
In actual altcoins I am still a little doubtful even though this could be a double ROI but still the decline will be more severe and difficult to recover.
So the only way is in bitcoin which is widely recommended, especially in some books that suggest it.

Not that much in my opinion because there's no big candles that can really tell there's a massive buyers behind since bitcoin gradually increasing . But yep bitcoin has a very stable support to increase. and it's very obvious tho, i mean despite of some fluctuation it can cope to increase back and make a consecutive higher highs after  higher lows. which is instead of making correction it always continue climbing, so these a big sign that bitcoin will surge more.. Perhaps people will start panicking once they see it will tends to reach 60k. Lol

What makes you believe that bull market is about to start? Bitcoin price has been above $50k for several days and a lot of people already predict a lingering growth. Exactly one month ago there similar situation. Bitcoin gained $3-5k in few days and hit <$50k, followed by a two huge dumps. Why dont you think this scenario will be repeated tomorrow ? Isnt it to early to start a panic buy? I would wait for Bitcoin to gain a foothold on $50,000+ level first. I think there is no use to rush to buy right now. If I really wanted to earn, I should have risked and bought when the price was close to $40k.

I think very lucky their who panicked when buying bitcoins at $43K or those who bought at lower prices, by buying bitcoins at $43K alone they have made around $11K profit now, especially for those who bought at lower prices of course right now they are laughing and enjoying the money profiting from their courage to take the risk to invest in bitcoin at that time ;D.

I don't think it's panic but immediately get a cheap price because the price of bitcoin in 2 hours has gone up about 7%, I still remember when I wanted to trade with ethereum the price of bitcoin was around $50800 but after 2 hours now the bitcoin price was $54k, and this is a good signal to keep buying even though some say it's panic buying.

Panic selling doesnt really only happen on the time when the market is going down but also into the time on where they  do seeing that theres some good rally which people do really see some FOMO.

As it suggest that people does really have the feeling that they shouldnt really miss out the train of possible bullish run but actually its better that they had done this action when it was still cheap

and not on the times that it is already going up.Well, this is a common behavior because everyone do really make actions according on their experience.

There really are panic buyers. They only buy when there's an action for bitcoin and they don't buy if they see the price of bitcoin doesn't move a lot and that's why they don't have concrete plans and they're missing the dips because of that attitude towards the market.

It depends if you think that the price is still quite low and you have a high price in the future with your projection then it's always a good time to buy. Like if you're targeting $100k.

Correct, people always panic buy and panic sell. I don't understand why they do so.  Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money. Retail investors always fomo buy and later complain when they are in a loss.

That's what they mostly do, buy when hypes are ongoing, then sell when they already seen losses from their initial investment.
It's not the right way of investing, not only with crypto, but in every venue where trading is present. But low and sell high if you want to earn decently.

Not doing the right thing will cause to lose your money,  most of the time, the complaint coming from people who lose their investment due to panic is because they are lucking of proper understanding, they just go with the flow and always following what most are speculating inside the market.

Don't be a blind investor, but it's wise to work with your own understanding. It saves you a lot while working in this business.

Yesterday Bitcoin gained $4k and now began to slowly lose price. Do you think people who has bought yesterday will start a panic sale? I think they will. Because they are new in cryptocurrency. On one hand this is good, they are fresh blood and prove that there is high interest in cryptocurrencies. On they other, they are easy money for elite traders. Due their panic buys and sells we have such a slow growth.

People will always make rush decisions. There will always be a panic, as people feel emotions.


I think you wanted to say opposite. Why they cant buy when prices are low and sell when high? :)

Yes Right, i wanted to write the opposite but this exactly shows what happens when people buy/sell in panic.  They really buy high in panic and then sell low in panic too.
The people or traders who are calm , they are always able to make correct decisions.

people who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

You noticed very well! Bitcoin is back in an uptrend. Of course, there will still be corrections, but I think that a positive upward trend is starting and it will last at least until the end of the year. I wouldn't say what we see now was panic buy. I think we still have to wait a month or two for the real panic of purchases.

Well I also saw the movement of the Bitcoin price and I think it is all because of the news from U.S that they never ban cryptocurrency together with some institutional investors that is now panic buying and this is maybe the factors that make the price continue rising.

It's not rising continuously, the movement is just positive because if bitcoin will remain bullish, we might see it break its current ATH and that's the real movement of a new bull run that could continue until next year. The good news does not automatically result in a pump, the market will still be weight by smart investors if it's already overvalued or not, and if it's overvalued, correction will eventually happen.

It is always happening, if the price of btc starts to rise most of the investors are doing panic buying because they want to earn a big profit in a short period of time, so it is not new to us. Bitcoin is now rising so people will surely do panic buying but for me I will wait for the next correction before buying because it is not risky if we buy on dip than buying on bullish market.

for some reason, when prices go up, or down, people will panic. whether it's because of panic buying, or selling. however, I personally do not recommend this. because, something done in a panic or in a hurry has a result that is not optimal. Well, I understand why they're panicking, but it needs to be controlled. so when you buy, or sell it can match your target.
Well, if you don't want to panic too much, then the coins you don't need to worry about holding on to are bitcoin, etherum, bnb, and other popular coins. in fact, yesterday the price of BNB was in the range below $400, and now the price has gone up even higher.

if you buy bitcoin at the next price correction, you will most likely have to buy at the current high. bitcoin is on a bull run and will probably break the $70k market price in the not too distant future. when the market price is corrected again, it might go down to $65k instead of going down to $38k like last month.

Bitcoin again refueled from $57k down to $55k. many investors are rushing to buy and not waiting for a price correction again, because bitcoin will break through a big price within the next two months or more precisely in early December this year. Investors had panicked to buy bitcoin, because they previously expected bitcoin to correct again below $40k, but bitcoin was pumping higher.

Well, seeing the market as it is behaving, the price may be increasing, however for now in the short term an acceptable price level can be established to protect itself, between $ 53k- $ 55k, it is what they recommend the most, it is known that when reaching a level of almost $ 58k if it does not go up more, the offer would be higher, which can bring a wide retracement, I think this is the fear of many, however this analysis is very good:

Bitcoin Price Analysis: BTC Enters Near-Term Pullback, Is Local Bottom Found?

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

Source: https://cryptopotato.com/bitcoin-price-analysis-btc-enters-near-term-pullback-is-local-bottom-found/ (https://cryptopotato.com/bitcoin-price-analysis-btc-enters-near-term-pullback-is-local-bottom-found/)

In case the price goes down, I would not despair, it has already given indications of continuing to rise, it is likely that we can expect a good rally, otherwise I think the most reasonable thing is to do Hodl ..

People are really panic buying right now as SEC might be likely approve bitcoin ETF.

I remembered there were few people said they don't care about ETF anymore, but this is the huge FOMO right now because of that ETF.

https://alternative.me/crypto/?daily_hash=087d6c83664f7ff1ba1bebdd1b780ccb0ce1e691

They don't care about the ETF anymore, but they cared and panicked buying when Bitcoin starts rising, and that's mainly because of the ETF approval from the SEC. Well, that's kinda ironic to hear.
I'm not gonna be surprise If Fear and Greed index will climb to 75 or more in the next coming days.
Bitcoin could as well breakout to another ATH just before October ends.

Very possible if the same momentum continue, this rise is not just because of ETF approval but there are other influenced that creates this fomos, people who don't want to lose their chance are rushing to buy in hope that the market will favor them, greed or an instinct following the experience each time Bitcoin start to pump.

Be very furious not to allow yourself fomoing and lose your money, there are other possible sides that this market will go, be careful.

That is your assumption and I disagree. SEC has rejected too many ETFs that if they accept one it would be surprising. Rejection is expected so it shouldn't affect anything. A small group of people starting to hype up yet another dumb news doesn't mean people suddenly started caring about it.

The rise also started a long time before the news about this new ETF started circulating the internet so you can't say it is because of it!

Actually greed was when they sold their bitcoins at the bottom thinking price would fall lower and they could buy a lot more!

---

P.S. I'd argue that the actual FOMO hasn't started yet. Let price surpass $60k and then there is a good chance that we start seeing real FOMO then.

Good volume on the rise, going through resistance with higher volume (https://talkimg.com/images/2023/06/12/AYBkG.png) then previously helps confirm the move.   Still has to develop further then this and will take more time but on the first 4hr bar its above this possible ceiling from prior major price action in 2021

It's still not too late if you want to buy bitcoin right now even though the price is already high. Bitcoin price will experience bullish throughout this year. Since the purchasing power of bitcoin will still be high for some time to come, there are several factors driving the demand for bitcoin. One of them is policies in developed countries that loosen cryptocurrency regulations as a stimulus measure to deal with the global crisis.

It's the same in the past that we kept telling people that it's not late to buy. And then there's the sudden rise and they still think that it's too late and quite expensive already. There is nothing we can do about it already if they don't want to buy and they're done because they only look at the price but don't have a clear plan in the long term for having bitcoin. The long-term holders like me will always win at the end regardless of how much it is currently.

The cryptocurrency market gives everyone the opportunity to take their positions and there is no point in crying out that they missed the opportunity to invest when the price is down. I will not invest when the market is rallying, even though i did not execute my plans like i wanted due to the pandemic i did not invest heavily after the market started rallying. I am also a long term holder and hence i do not want to take position and invest further thinking about a quick profit.

Taking your position is something that cant really be just easily be done which it is really a normal thing and the hardest part of all when you do make out some investment and since this market is way too unpredictable

then its up to your own knowledge and awareness on how you do make your actions basing up on that one.Panic buying is a very common scenario specially when the market is really on running bullish.

People dont recognized or tend to buy when it is still on deep reds but somehow this is a common behavior since we would be always on doubts on making out some actions.

This is the mistake of most people, panic selling and panic buying so they get expensive prices when buying and lose when selling, investors must have a good analysis to determine when to buy so they don't get expensive prices, after panic buying at high prices now then hold and don't never sold at a loss.

Everything you wrote is true. However, you forgot that people usually invest too much in the expectation of big returns. When emotions are involved, mistakes are made. Therefore, you must not invest so much money that can affect your emotions and perceptions.

There is really no point in just crying about the situation but that's what's happening and they can't stop themselves doing so.

That's much better. You have some things to consider and you just can't keep on buying things that you're not in need of. But as for buying bitcoin, it's an asset that you can keep and whether you buy it now and just hold, there's so much value that will be seen for itself to grow year after year.

You may add up if you want and just keep the chill while the market keeps on showing high volatility.

the holder is a winner, this is a great sentence. those who buy at high prices, as long as they don't sell their assets there will be no loss. everyone who wants to invest in crypto must understand and be aware of which assets fall into the volatile asset category.

when they invest in volatile assets then never sell them when the value of the asset decreases, it's better to just hold on and believe the price will rise again.

Many people used to assume that Bitcoin would continue to be bearish and they refrained from buying when the price was falling, but they already regretted not buying at the right time, if buying when the price was cheap would have made a lot of profit. but they have to panic buy at prices that have soared.

Panic buying do happen whenever there is pump in the price of Bitcoin and other crypto currency and it happened that most of the people that are doing this are newbie who are despirat to make money and they will ended up loosing more money. If one don't know how the market price of Bitcoin mover over time you will ended up buying at the wrong with and equally sell the wrong with too.

Right Bitcoin will never be vanish, this is the money future that's why i don't believe those who will say that Bitcoin will gonna end. Bitcoin pump wright now is the prof of it, and it is another big slap to Bitcoin haters.

panic buying is not alarming instead this become a trending way for investors and also whales manipulator to make money in short term.
Best that when Panic buying starts take a distance first and wait for the outcome because surely the Dumping will follow after this trend.
Vanishing of Bitcoin? for waht reason and why?

Bitcoin is here to stay , here to provide , and here to help the world.

If you don't have any idea following fomos will surely lead you losing your money.

Before you jump into conclusion best to practice performing your research,
the deeper you understand the market the best chance that you will

find the best timing for your investment, like with your perception it's only
good to ride when the market is hyping and you know when to sell

before things went to correction or complete dump session, you will get
something decent if you made it the right way.

https://talkimg.com/images/2023/06/12/AYJ3g.png

Frothy price action should come with more volume I'd have thought but maybe it doesnt show on every exchange because we have new avenues to buy with.   The BTC price has been rising the whole month, if it stays on that pattern it should clear above 70k by month end.  I'm just watching it holds 62.6k as a low in order there is no great challenge to that progress.

I don't think so, they are just waiting for the right moment to buy. it is very difficult to determine the lowest price when in bear market conditions. this is the same as when many people missed the $29k moment because indeed many people did not expect the bitcoin price to recover so quickly.

As predicted by many experts that bitcoin will have a breakthrough during the 4th quarter of 2021, and indeed bitcoin did break its own record reaching an ATH and now it's already playing with a value of $67k. The Russian government did gave a huge positive impact on crypto currency especially bitcoin and gave its citizens freedom to mine and transact crypto.

And indeed mate, bitcoin won't vanish but rumors do. No one can destroy bitcoin even if it's a super-power country like China, although it can make the value rise or fall depending what a leader of specific country would say.
Bitcoin plays a huge role in our economy across the world these days, it gives us hope to defend ourselves against inflation and gave us more secure, fast and hassle-free transactions.

4 hours ago Elon Musk has posted (https://twitter.com/elonmusk/status/1451015695106560000) a picture in his twitter account where we clearly "BTC $69,000" is seen. This post immediately got a wild response. I expect people to start making rush purchases if not in few hours (some of them just woke up and need time to think out that info), then at least today-tomorrow, as they expect previous year event to repeat.

What do you think? Can this scenario be true ?

When cryptocurrencies become the talk of many people because their prices continue to increase, many people are competing to buy bitcoins and altcoins at very high prices, even though they have no idea what cryptocurrency is. They hope to be rich suddenly like other people who have bought it first. this is called the FOMO phenomenon. People are so excited about the prospect that bitcoin brings. Moreover, with the prediction that bitcoin's rise could reach even higher in the next few years that they get from the news, they think they are afraid of missing out on the opportunity to get a lot of money. So people who panic like that, usually focus more on the positive side than the negative side without having enough knowledge. So, it is very easy to get carried away with the possibilities that can come from bitcoin for those who invest or trade without having sufficient knowledge.

and week after your post, bitcoin goes back to 60k and above and even making another ATH at 66k so meaning those alarm like 100k-150k might happen depend to how much the investors and the market goes now.
But this makes the market grows, when panicking act the other investors grab the opportunity to purchase in lower prices.

Got carried away and that's what whales wanted to see, let those buyers to fomo and buy from the peak after that, whales will start creating

artificial dump, shaking the market and make things look real, those unaware investors who are just here in hope that they will earn will turned out to be the victims of this spike, the next thing we see is the dump will create serious damage and weak holders will easily be move to sell out.

Fuds will take place and bear will show some dominance, before engaging yourself, make sure that you already done with all the possible information
to lessen your chance to lose your money following those panic buyers.

Panic buying without using any indicator to know what is possible to happen in the next few days is too risky, this is normal to many investor who just rely in news or media not knowing any risk they are facing when market corrected. I also experienced this feeling when your in a hurry to buy it regardless of price and later disappointed because its just a fake breakout, happened many times to me before but now I learned how to control my emotion and think properly before doing any trades.

It seem that panic is more synonymous with traders than with big investors. People experienced in bitcoin investing know that when there is a price correction, they just have to sit back and enjoy it. If they have more capital then they will also buy more bitcoins at low prices so when the price rebound they will get double return. Market correction and recovery cycles are very common, so when we pay attention to them, we can also take advantage of them.

Some of the big investors can wait long time because they are not in a hurry to cash out their investments.
Whereas, for small investors or traders, it is like their bread and butter, so panic mode is quite normal when they see the price declining or rising.
And most of the time, people are buying when they see the price is going up, it should also be the other way around.
When we see it going down, it is good time to buy. However, it may be true with bitcoin but for other alts, you need to do some evaluation.

One thing to be done if you are not an investor that only hodls for long term is to be prepared before jumping into this industry. Even investors that hodl for long term invests in knowledge. So it would be best to have knowledge first and then train yourself to have proper discipline and have a plan that you strictly follow. Because without these, anyone is bound to lose. Yes, the lottery like lucky moments do but it doesn't hapoen offen nor does it cost cheap. The vast majority of ordinary traders like most of us are better off chipping out but by but from that pile of gold persistently and patiently. And how can we do this? Knowledge, experience and wisdom!

- Remember, survivor bias is real; you will always hear about the jackpot winners but not about the ones who have gotten their life savings liquidated.

- on a side note, comparing the RSI levels from the previous ATHs to the one that just happened recently last month, I can say that we really have a huge chance to reach 72k+ then 80k+ this year heck, we may even reach 100k and beyond if we break that 100k psychological resistance this year or in the 1st quarter next year. What I am saying is that bitcoin still has a lot of wiggle room. The big whales and big institutions are probably just stacking up on cheap prices. And as more bug names decide to swarm bitcoin, the current circulating supply is too little. Just keep that in mind.

Now about the retracements happening, don't stress too much about it. People at some point will take profits and that's fine, it doesn't mean it's the end of the world. If you really know about the potential of not just bitcoin but this whole industry, you will be at ease knowing that this is just another cycle within a bigger cycle in the crypto market. And if that doesn't cut it, zoom out and see how the charts show you how insignificant a few minutes, hours, days, weeks, and months are.

-hope this helps the beginners.

Big investors will not be affected by anything but when they want to do something there must be an influence on market movements, with that the average panic is indeed traders who try with a short time and they will really panic if there is something let alone a decline whether to buy or wait of course this will become restless but it's still a lot like this even beginners can feel it.
Big investors will sit back and watch how other traders react to the market being corrected and will inevitably panic buy or sell.

@OP, it wasn't panic buying but IMHO a counter move by one institution to beat another institution's short. BTC was going high so quick that it needed a correction because there were very big order blocks with lots of liquidity available downside, due to which they took the liquidity and in a very small timeframe, other institutions broke their silence in driving the price back to a new ATH. Correction is a part of everything, nothing can go straight up or straight down.

Panic buying would always be seen on times on where the market is really  moving up which people didnt really want to miss up the train that

they are currently seeing that the price is going up or everything on the market or community is really hyping up something which as a common trader or investor you would really get easily hooked up when youre inexperienced.

Emotion handling is crucial on these times because you wouldnt know if you had done the right or wrong step.