some people love imagining doomsday when there is any drops!

[BrewMaster]

over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours!

what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?

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[Mahanton]

what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?

Im expecting for some u-turn of words on here  . I actually laugh in front of my pc when i do able to read up some speculations

that we would head down to 4k after they do saw that the price plummets on 7k level and now we do see almost 9k price in a short time.
Wondering on what would be their new speculations as of this moment.

[mersal]

14% up in no time,so the recent drop was pure manipulation and targeted against the people who thinks that way of continuous drop in the near future.I didn't knew or read any news for the price drop and the rise as well in the current week.Lets hope for the best from now and will hang on at the price level of $10,000 until the next halve.

[BrewMaster]

that we would head down to 4k after they do saw that the price plummets on 7k level and now we do see almost 9k price in a short time.

that's normal for every drop that we have ever had. there are some people (newbie day trader) who sell their coins too late and in order to be able to buy back and not lose money they would need a lower price. since that's not happening they start an online campaign expressing their wishes as speculation!

14% up in no time,so the recent drop was pure manipulation and targeted against the people who thinks that way of continuous drop in the near future.I didn't knew or read any news for the price drop and the rise as well in the current week.Lets hope for the best from now and will hang on at the price level of $10,000 until the next halve.

i wouldn't open up the champagne yet. a real "recovery" and the end of manipulation is when price has gone back to realistic values above $10k again. so long as it is in this range it is  still manipulated. the only thing the past 48 hours proved is that $8k is pretty strong as a support.

[Wysi]

14% up in no time,so the recent drop was pure manipulation and targeted against the people who thinks that way of continuous drop in the near future.I didn't knew or read any news for the price drop and the rise as well in the current week.Lets hope for the best from now and will hang on at the price level of $10,000 until the next halve.

Yeah I understand the intention behind the manipulation but thanks to those whales who did this manipulation as the price pump is like a slap in the face of those fudders trying to pull the value further down with those illogical posts. But now we should not be too exited and just go with the trend instead of cashing out or selling off.

[exstasie]

over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours!

what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?

Typical bear trap. Sentiment was dismal and everyone expected lower ($6K, $5K, $3K....) meaning everyone who was going to sell already did.

The markup above $7,700 caused an initial squeeze as shorts liquidated. Now we need to see support hold in the low $8,000 range. That will trap all the bears in the $7,000s, who will then be the fuel for our return to $10K.

[mersal]

14% up in no time,so the recent drop was pure manipulation and targeted against the people who thinks that way of continuous drop in the near future.I didn't knew or read any news for the price drop and the rise as well in the current week.Lets hope for the best from now and will hang on at the price level of $10,000 until the next halve.

Yeah I understand the intention behind the manipulation but thanks to those whales who did this manipulation as the price pump is like a slap in the face of those fudders trying to pull the value further down with those illogical posts. But now we should not be too exited and just go with the trend instead of cashing out or selling off.

Whales are doing for their own benefits so the real matter is we are going to react to it?

Selling is the investors thing and it can't be stopped,if someone bough bitcoin for $7000 then they might consider selling it and will look for the next dump in that they are not losing anything even if price never dumps after this they are still in profits and will invest again at the next cycle.

[jakelyson]

over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios.

Normal routine for bear people to push the price further down. FUD at its best. This time they failed though because the market is bouncing back up. Next, you will see the bulls speculating why the sudden price pump.

[bitbunnny]

over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours!

what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?

That is happening every time when price goes down, some Bitcoin users really like panic and drama, conspiracy theories and imagine the end of Bitcoin. It's probably the human nature, lack of experience and knowledge but sometimes that really goes on my nervs.

I don't think that anything spectacular happened in the market, just usual correction that will face some more by the end of the year. I wouldn't be looking for some particular reasons.

[ecnalubma]

Expect this pump scenario will attract more FOMO's soon or some losers might be buying back their precious BTC's. Ive read yesterday about big recovery didn't expect that to happen early . Unfortunate for people waiting for $6k drop few days ago but didn't happen, trully a violent drop but unexpected quick recovery.

[BitHodler]

Unfortunate for people waiting for $6k drop few days ago but didn't happen, trully a violent drop but unexpected quick recovery.

People were talking about how it wasn't a good time to buy like two days ago, and now we're here.... if they sold any of their coins they are going to wake up with a very bad taste in the mouth, literally and figuratively.

People were right in the sense that when the trend is bearish, it likely will result in lower levels, which is generally true, but it only works until the bottom is in and we go back up.

Prices don't go up endlessly and they similarly don't go down endlessly.... it's easy to be bearish when prices go down, while it's extremely hard for people to turn bullish when the signs point out that we found a bottom.

[Herbert2020]

there is a lot of people with huge losses over the past couple of days too. all of those who either fell for the FUD and sold way too late and opened up buy orders at an unrealistically low price or those who were spreading the FUD and were waiting for it to help them fill their low ball orders. they are all now in loss as the price has recovered and there is no way for them to go back in time and not make the same mistakes that left them here.
the worst part is that it is not the first time! we see this nearly every couple of months when there is a small drop and everyone goes crazy about them.

[Jating]

Expect this pump scenario will attract more FOMO's soon or some losers might be buying back their precious BTC's. Ive read yesterday about big recovery didn't expect that to happen early . Unfortunate for people waiting for $6k drop few days ago but didn't happen, trully a violent drop but unexpected quick recovery.

If we see a magical pump up to the five digit, more will be attracted again pushing FOMO even more.

The thing is that people here are asking when is the right time to buy? The sign is all over, the price goes on $7400 and why are they still asking? Someone says wait for $7k or even lower. But look at what happen today, the price went on to almost $10k, and those who didn't buy are now scratching their head because they missed another golden opportunity.

[BrewMaster]

Expect this pump scenario will attract more FOMO's soon or some losers might be buying back their precious BTC's. Ive read yesterday about big recovery didn't expect that to happen early . Unfortunate for people waiting for $6k drop few days ago but didn't happen, trully a violent drop but unexpected quick recovery.

If we see a magical pump up to the five digit, more will be attracted again pushing FOMO even more.

The thing is that people here are asking when is the right time to buy? The sign is all over, the price goes on $7400 and why are they still asking? Someone says wait for $7k or even lower. But look at what happen today, the price went on to almost $10k, and those who didn't buy are now scratching their head because they missed another golden opportunity.

you pointed out something very interesting that i have been thinking about for a very long time now. i believe that the main reason why price has falls like what it had recently is exactly this uncertainty that people have about whether to buy bitcoin or could they get a better deal. so they stay out waiting instead of buying. so it becomes easier for the price to be manipulated and drop even though the real buy support is a lot stronger than it shows.
it becomes more apparent when the price jumps back up since it is showing the same people are jumping back in (FOMO).

[carlfebz2]

Expect this pump scenario will attract more FOMO's soon or some losers might be buying back their precious BTC's. Ive read yesterday about big recovery didn't expect that to happen early . Unfortunate for people waiting for $6k drop few days ago but didn't happen, trully a violent drop but unexpected quick recovery.

If we see a magical pump up to the five digit, more will be attracted again pushing FOMO even more.

The thing is that people here are asking when is the right time to buy? The sign is all over, the price goes on $7400 and why are they still asking? Someone says wait for $7k or even lower. But look at what happen today, the price went on to almost $10k, and those who didn't buy are now scratching their head because they missed another golden opportunity.

you pointed out something very interesting that i have been thinking about for a very long time now. i believe that the main reason why price has falls like what it had recently is exactly this uncertainty that people have about whether to buy bitcoin or could they get a better deal. so they stay out waiting instead of buying. so it becomes easier for the price to be manipulated and drop even though the real buy support is a lot stronger than it shows.
it becomes more apparent when the price jumps back up since it is showing the same people are jumping back in (FOMO).

Always been the same scenario that do happen.When the price do dips down and people just wait up for more lower levels and uncertainty is really there.
People would just start buying when they are already in the middle or peak of such pump just like we had seen on yesterdays happening.There's no other thing
that they would do now but to start scratching their head same as said and now they are going back on speculating or waiting up for another possible low support prices.

[rdluffy]

Sometimes it's just exhausting to see people saying BTC is dead, BTC will fall to 1k, OMG BTC will fall to zero because of bla bla bla...

It's the same thing every single time BTC drops, and I'm surprised that even people who are here for more than 1 year still believe in this kind of news

[Wexnident]

Sometimes it's just exhausting to see people saying BTC is dead, BTC will fall to 1k, OMG BTC will fall to zero because of bla bla bla...

It's the same thing every single time BTC drops, and I'm surprised that even people who are here for more than 1 year still believe in this kind of news

Indeed. Its questionable why they are even here in the first place. Its been so long since BTC has existed and people still believe that with its influence it would drop to 1k? even 4k is an underestimation of what BTC could do. The drops happening of late is just a part, not the entirety of it. BTC would bounce back up and most of us have already recognized that the latest drop was a manipulation of the whales or at least close to it. Even the bouncing back up recently was quite unbelievable and I still believe it would go down and stabilize around 8k - 8.5k$.

[davinchi]

People perish because of lack of knowledge, and that is why they were spelling the dooms day when they are supposed to just see the price as a normal dump that will definitely bounce back in no time, which they should have started investing other than wasting their time speculating what they know may never happen.

Bitcoin cannot be control by anyone, and that is why is very difficult to predict bitcoin, and I think that the majority of them would have leant their lesson. Talking of lesson, the funny thing is that many of them would still start panicking again the moment they see a little drop, I expect that we will still have some little correction because the way bitcoin actually rose this period, it is too fast for us not to have some sort of correction.

[barota]

Sometimes it's just exhausting to see people saying BTC is dead, BTC will fall to 1k, OMG BTC will fall to zero because of bla bla bla...

It's the same thing every single time BTC drops, and I'm surprised that even people who are here for more than 1 year still believe in this kind of news

greed and fear make people into doubt and fear ; people should stop listen to news that make traders always in panic
i remmember last year when price drop to level 3000  ---4000 . then some say price will fall under 1000 usd per btc and price will recover after 1 years at latest and it was false of course
everyone should stop panic when price drop

[buwaytress]

I keep coming back to the days pre 2017 boom, when Jamie Dimon was the one big constant doomsday prophet, pouring scorn and ashes all over Bitcoin. Fraud? It won't end well? Can't remember the whole tirade.

And then later it emerges, JPMorgan totally went long at the dip(s), and totally FOMO'd into the market as their CEO was preparing the last rites. And then right at the top Dimon pretends to be remorseful of his comments.

So yeah, which is why I love seeing talk of capitulation and worried Tweets all over the place. It's almost like a sign telling me to get ready for some peak incoming.