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Author Topic: Don’t Panic III  (Read 438 times)
Dave1
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March 10, 2021, 12:02:37 PM
 #41

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.
Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

What happen way back 2018 is pure bubble since there's no strong foundation or adoption to rely on but things became different by this year so I doubt we can experience that the same  dilemma since big players are now in the industry we have so many things to hold on so if those big players are still intact on crypto's we can say that this current growth will continue and there's nothing to worry about those dumps since nowadays its so normal.

Yep, bitcoin's narrative has change in 2020, yes, still a speculative asset, but it become a hedge to companies balance sheet. So that alone is a good foundation because those companies are not going to sell at profit unlike speculators, but rather would hold bitcoin for years.

As other mentioned, dumps are just normal cycle in crypto, and we shouldn't panic and understand that it's fairly common event.

 
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March 10, 2021, 04:53:55 PM
 #42

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

I know it's almost challenging destiny or however you want to call it haha but yeah, in 2020 I was just praying for so long that sub 10k levels would stay as long as possible. Even when we crashed to 3k I was fine, I mean psychologically I'd been mentioning long ago my mind priced BTC at $4k, for some reason. And it was only in 2020 mid onwards that I was ready to up that mental barrier to 10k so that's my new "worst-case scenario price" right now.

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fullhdpixel
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March 10, 2021, 07:27:43 PM
 #43

What happen way back 2018 is pure bubble since there's no strong foundation or adoption to rely on but things became different by this year so I doubt we can experience that the same  dilemma since big players are now in the industry we have so many things to hold on so if those big players are still intact on crypto's we can say that this current growth will continue and there's nothing to worry about those dumps since nowadays its so normal.
That's true, it is not like today, it wasn't anywhere close to this situation and that is why I think we care about what is going on this much, it is obvious that we can't really make it work without those huge companies these days, but the reality is that they can't keep buying constantly to get richer without dropping a bit and buying from there neither.

So, right now we are in a situation that is nowhere near that 2018 level, we are in a situation that is brand new, we are living in a period where we may never fall down again as long as these huge companies make that profit back and keep buying and thinking it's good. Plus I have realized that the more money you have, the easier it gets to make money as well because you can actually make sensible amount of money, people with 100 dollars could make 5x of their money and it would still be just 500 whereas these companies make billions, that is a lot of money even for them.

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Ridwan Fauzi
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March 10, 2021, 11:06:48 PM
 #44

The dump that happen in two weeks ago it was just a correction, if you use weekly chart time frame then you will see when its price touch the 61.8 fibbonaci ratracement its price just find a huge increase and as we can see until now.

Also, a few days ago the stimulus from US government has been issued and some instutional companies has also added their capital to buy bitcoin. This is what will make bitcoin price touch $68.000, yeah I have a prediction that bitcoin in a few days ahead will touch $68.000.
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March 10, 2021, 11:43:05 PM
 #45

The dump that happen in two weeks ago it was just a correction, if you use weekly chart time frame then you will see when its price touch the 61.8 fibbonaci ratracement its price just find a huge increase and as we can see until now.

Also, a few days ago the stimulus from US government has been issued and some instutional companies has also added their capital to buy bitcoin. This is what will make bitcoin price touch $68.000, yeah I have a prediction that bitcoin in a few days ahead will touch $68.000.

Post the graph. Sounds interesting  Smiley

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