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Author Topic: Are we going to see another PANIC  (Read 2129 times)
sayaya17
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November 23, 2020, 03:39:19 PM
 #201

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

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November 23, 2020, 08:30:37 PM
 #202

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


I do not agree with you on this; as a trader you have no business fighting or balancing your emotions when trading or investing. As a trader you need to take charge of your emotions; you need to take charge of your mental health; figure out when you are fit or unfit to trade; and always ensure that you understand the emotions on play at the market before investment.
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November 25, 2020, 08:52:42 AM
 #203

I think regarding the market right now that is bullish, especially by looking at the rising price of bitcoin, there are some groups that are looking for a temporary profit by selling bitcoin.
The market is compose of different group, those who sell or buy in short term or long term, and those who short or long the market.
It's a different interest therefore don't expect that because it's bullish now, it will be forever bullish, I'm sure the past has already teach us how to make a smart decision this time.

The case for panic at this bullish moment was when the announcement of the winner of the U.S. presidential election Biden. Bitcoin briefly dropped, but rose again quickly. Perhaps there are some groups that sell their bitcoins and some who panic sell. But quickly the price of bitcoin recovered again, as many bought back. Now even the price of bitcoin exceeds $18K.
I don’t know what will happen now at the time of bitcoin correction. whether to be accompanied by panic sell or not
I don't know the reason why the presidential announcement of the US president has something big to do with bitcoin, these people dictating the market movement now may easily dump it, so be careful with that, always be alert, don't get caught and forget about HODL for a while.

Time to make profit now.

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November 25, 2020, 10:25:01 AM
 #204

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
Well look at it now Bitcoin is drastically increasing hitting the mark of $19k which is the highest price we have seen so far since the 2017 bull run. I can't imagine the emotions of those people who had panic and sell their holdings at an early stage.


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

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

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



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Rainbot
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November 25, 2020, 11:32:30 AM
 #205

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

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November 25, 2020, 12:47:08 PM
 #206

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
Not in the near future because observing the market now it seems like Bullrun has finally started and what we are seemingly having is some Correction and small selling while majority now are on hold and focusing in the coming movement of each coins specially the top 3 coins.









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