No need to PANIC!

[aardvark15]

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price.  And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

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[Palider]

Holders panic today and sell because they don't want to reduce the value of their bitcoin. So they are selling now and are still waiting for the lower price to buy back.

what is happening now is natural, as you said @op and its price will rise again when whales and big time traders start buying at low prices.

[danherbias07]

Good positive thought and vibration. Cool!
That is how we should always think.
It had gone for a very much low price that FUD's are becoming like: "Is it the end of bitcoin?" "Is this is our last dance with bitcoin?"
Those kind of titles of articles and forum threads pops out.
Now, it is not even close to what happened before.
From $20k to $3k and yet holders are not shaken.

[cryptoangel]

Holders panic today and sell because they don't want to reduce the value of their bitcoin. So they are selling now and are still waiting for the lower price to buy back.

what is happening now is natural, as you said @op and its price will rise again when whales and big time traders start buying at low prices.

It is too much dump so really every investors are panic to sell continuously in Bitcoin and altcoin. May be your expectation will possible soon, all the coins are raise again. But continuous selling make more dump on crypto market, I hope next year it will raise slowly and further hype is still hard to predict so we must hold for long term relationship it makes more profit.

[NeuroticFish]

Holders panic today and sell

The price took me by surprise. I told the ones predicting this that they are wrong. Woah.
But no, holders don't sell. Only some investors and (many) traders have sold.
Holders remember that the price was not long ago 3300$

[error08]

Indeed, I'm quite surprised to see that the price of bitcoin dropped below $7K, which means the prediction regarding bitcoin dip to $6K was right.
It's time to buy, not to sell, just enjoy the low tide and stockpiling bitcoin. If the price could drop to $6500 or $6000 will be a good chance, I've been waiting for a cheaper price to add more to my wallet. The right move to do before bitcoin skyrocket in the next year towards halving, don't let yourself fall to the panic-sell trap.

[Wexlike]

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price.  And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

$7000 seems fine, $6000 feels painful - not lying.  

[MI6]

Holders panic today and sell because they don't want to reduce the value of their bitcoin. So they are selling now and are still waiting for the lower price to buy back.

what is happening now is natural, as you said @op and its price will rise again when whales and big time traders start buying at low prices.

It is too much dump so really every investors are panic to sell continuously in Bitcoin and altcoin. May be your expectation will possible soon, all the coins are raise again. But continuous selling make more dump on crypto market, I hope next year it will raise slowly and further hype is still hard to predict so we must hold for long term relationship it makes more profit.

People who sell their bitcoin because of panic wouldn't keep come forever, and we know supports will come and maybe  a lot of people who to be patient is one of a lot of order in support level and wait cheap price to stock more. I think with people who still stand with bitcoin, although others keep selling their assets, nothing to worry about it.

[kolonel_x]

Seeing markets like this, of course there are many people who panic, especially when reaching $ 6000 I think some are survive and some are selling for fear of heavy losses, but I think by holding on and holding bitcoin consistently I'm sure they will be strong and not panic facing the market like this, and this is the start to the highest price so be prepared to buy now.

[bitbunnny]

This has been said here thousand of time, don't panic and don't sell every time when price goes down. However, the same story happens every time and I guess people will never learn.
For me this is just another price correction that didn't surprise me but I don't think that price will go below 6000$ or even lower. Just buy more coins, that is my advice.

[alexsandria]

Damn you are definitely right, right there mate. People tend to out burst their uncontrolled feelings whenever the market goes down, which is we had in the first place to avoid for a reason that market always change in a matter of time. It is in the nature of crypto currency itself to abruptly change though. So when it goes high, expect it to get low.

[harizen]

~snipped~

Bitcoin's environment is not complete without those who panic. That's part of the system since bitcoin's inception. It's even more surprising to me to see that while bitcoin price is decreasing, I never see such panic behavior. It's .

Don't say "No Need To Panic" but instead let them panic, let them feel how strong the volatility of crypto is, let them know that putting money on BTC is not a joke, let them know that expecting too much will result into disappointment, let them experience what we feel before -sigh-.

People have different views on this matter. Let those positive and negative flows. No need also to give those who panic some enlightenment or friendly advice. They will realize soon what's the best thing to do in times like this.

[lionheart78]

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price.  And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

It is a good opportunity for those who wanted to add more Bitcoin in their stash.  I agree that there is no need to panic since we are still above the pricewhen the year starts.  This is a natural occurrence since this thing happens very often as this kind of high fluctuation is the norm of the Bitcoin market.  We just need to have a strong hand to not be affected in this current drop of price since we all know Bitcoin have capability to rebound .

[fabiorem]

Holders panic today and sell

The price took me by surprise. I told the ones predicting this that they are wrong. Woah.
But no, holders don't sell. Only some investors and (many) traders have sold.
Holders remember that the price was not long ago 3300$

But then, holders dont visit this forum too much.
I dont come here every day, and I barely talk about bitcoin with anyone.

But what about those who check the price each hour?
Will they hold when bitcoin falls to 2k?

How can you call your investment "long term" if you check the price every time?

[owengtam09]

I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.

What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.

It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price.  And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.

Yeah, there is no need to worry about but there are a lot of us here who are still panicking and making a panic selling because of a dump. Well, we cannot blame them because that's a normal reaction for those who are losing their capital especially to those who are still beginners about bitcoin. In my opinion, the value of bitcoin which is over $10k is already overpriced and that's is just a bonus to us if that happens so we can sell our bitcoin in a very good amount.

[batang_bitcoin]

I felt a bit disappointed while watching the price stumble under $7000. I thought that $7000 will be the bottom of this cycle however it isn't. And that feeling I have is a normal version of me. It is true if we are about to comparing the price at the beginning of the year, we're still up to. I don't panic and I have experienced this scenario for so many times. What we have to do is stop looking to the charts temporarily if you are a holder, and dont rely too much on your emotion because you might feel to panic sell.

[jostorres]

What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.

I remember some bitcoin celebrities called for "fair price" of bitcoins around $15k when it was trading below $5k levels. I agree a sharp surge from ~$3500 to ~$13,000 in the time span of less than 3 weeks must be a bubble and falling back was a highly expected one. Yet, like you have mentioned this must be a very good buying opportunity for all the long term and short term holders as year ends are known for bitcoin prices to rise up significantly.

Sometimes, technically analysis makes people believe into falling of prices and weak hands are just obeying to those analysts. I am sure the current downfall is just a trader's cause and bouncing back may happen at anytime soon. There is no need of consolidation phase as this is not the first time prices testing below $7000 levels.

[Eternad]

We don't know till how much BTC will drop that affects the entire market or altcoin, since we know we're not like whales that can manipulate the market all we can do  sell and wait in the mean time to buy back. Some will do panic if they are not aware or their prediction fell more than what they expect it's normal that we need to wait and buy back when it show a sign of increase.

[Oilacris]

Holders panic today and sell because they don't want to reduce the value of their bitcoin. So they are selling now and are still waiting for the lower price to buy back.

what is happening now is natural, as you said @op and its price will rise again when whales and big time traders start buying at low prices.

Theres always a market shift because we cant really see to have a bearish market permanently which there would always be a reversal.The thing here is that we wont know on when it would happen.

After all the years been here on crypto space, still got shocked that there were still lots of people do easily got panic in times like this. moving down a single digit percentage on a matter of 24 hours is just like an ordinary day as always here on this market.

[YuginKadoya]

Still thinking positivity is a good thing in my opinion, and making this dip a good opportunity is the way you can surely hold more and earn more, I really like your attitude towards this dip and I guess you are doing fine in my opinion,

I also am not gonna budge with a little dip and still continue in the holding by the time that the spark to going to another all-time high comes again, Bitcoin's volatility is always like this weak hands would surely panic and enthusiast would get this opportunity to buy and earn more, I surely would keep the Hodl and patiently wait for a pump.