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.

[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.

[andycarrol]

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.

Is it a good idea to sell now and buy it again if down? the problem is we don't know the lowest price point that will be reached. of course, it is done by people who have limited funds. why don't buy again below for backups, if you believe, bitcoin prices should be normal and rise higher.

[alisonwonder]

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.

yeaah i just panicked a little if it was going to fall again to 3000, but it seems that is not possible, or possible? but of course, if that's possible why not buy as much as possible. but the problem is I don't have a lot of money to keep buying, whereas I have already bought above, so when I see my assets decrease it makes me panic.

[Free1bitco.in]

to be honest I was a little panicked seeing the current price decline. but if I compare it with the beginning of the year, current prices are still pretty good. besides, I think that the beginning of the year is the initial price before the next increase. if the beginning of this year the price of bitcoin starts at $ 3k, and ends at $ 7k, then at the beginning of 2020 is $ 7k, and ends with $ 14k. Well, that's just speculation that I'm currently thinking about, but I'm sure the price could be higher than that 

[Mahanton]

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.

Always a common situation that there would always be a moment of shaking the weak hands of this market.They create a fud then
the rest would follow on the said plan.Panicking is inevitable though even to those veteran to this crypto market would still having that
worrying thing in mind.

Its easy to say to look for this thing to be an opportunity but actually buying into these dip price will still hesitate you because you wouldnt know
if the price would go lower unless if you do hold for long term then it doesnt matter on when you would enter.

[shoreno]

looks like you havent been online for quite sometime now.  the past is already past mate and bitcoin already climb and stayed for 10k value a long time ago so people also assume that  bitcoin will not fall hard beyond this value  .

when the price decreases , people were always starting to panic or get alarmed but as usual , the price still manage to recover close to 10k.    good for you that you arent one of them ,  just keep up that good work . keep buying once price drop and your helping the price to get up

[coolcoinz]

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.

Not really. It's not holders that are selling but traders. Holders are buying. I bought some today and am officially out of fiat money. The price is not the indicator of value. Check what part of the total supply is being traded, you'll be amazed how small it is. What you see as the price is based only on less than 10% of total supply.
The price you see on charts does not equal value.

Bitcoin has the ability to double its price in a day. There's so little BTC on exchanges that one rich guy like Jeff Bezos would be able to take us back to 20k in a single trade, the liquidity is just so small with almost no orders at +/- 30%. 50 million USD and you're breaking through the first wave of sell orders and then sky is the limit.
You can have a flash pump candle to 20k in an instant. And there all the shorters get squeezed and go in following your lead and boom you're at 25k

[electronicash]

this kind of dumping happens over and over, this is manipulation using the fake news. the amount of BTC  being sold in the market looks something very suspicious while the people form social media are exaggerating all these by spreading the news that isn't even true. chinese may not even involve to all these news. for those who are just dependent to the fundamental analysis, its a news to panic though

[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.

Always a common situation that there would always be a moment of shaking the weak hands of this market.They create a fud then
the rest would follow on the said plan.Panicking is inevitable though even to those veteran to this crypto market would still having that
worrying thing in mind.

Its easy to say to look for this thing to be an opportunity but actually buying into these dip price will still hesitate you because you wouldnt know
if the price would go lower unless if you do hold for long term then it doesnt matter on when you would enter.

Yup! it is easy to say that the dip is an opportunity but that is my opinion, I certainly buying from certain Dips but yes I am not buying all the time there is just a gut feeling that I would surely buy, like this Dip of a $7000 USD I did not buy something but if it will dip even further maybe $6000 USD that will be the time, and readying the amount to buy more Bitcoin,

Well, I don't want for people to do the same thing but they had their own decision and I am saying this that the dip is an opportunity to just give this dip a positive outcome, and yes we can not control the panic selling but I just want to have a positive vibes everytime a decrease on the price occur.

[Doell]

well panic is a bad habit but it will not become a bad habit everyone panic however a similar case is repeated ,so we must be patient in responding to all of that ,there are times when people pretend to panic "trader strategies" that will benefit him in panic and he will take advantage when prices start to look uptrend buy again at low value

[DoublerHunter]

well panic is a bad habit but it will not become a bad habit everyone panic however a similar case is repeated ,so we must be patient in responding to all of that ,there are times when people pretend to panic "trader strategies" that will benefit him in panic and he will take advantage when prices start to look uptrend buy again at low value

^ Panic sellers are not real crypto enthusiasts. They are just simply wanted a short time profit and if they saw the crypto market was fallen down they will get panic. But we can't blame them because that is their money and maybe they are not fully oriented about the Bitcoin movement and for sure they will feel regret when Bitcoin surge back in the market. As of now, I saw just like there is a bounced back happen.

[TinaK]

Even on 2016 halving time alsowe have seen the same kind of drop and when the January started price slowly started bombing and value was reached to some decent level and he was in the the next peak value on 2017.
if this time drop also behave like that same we will be a millionaire with the one bitcoin itself so get ready to buy the Bitcoins as much as possible and we will be a millionaire soon.

[vintages]

People always use to forget this popular saying: "Red is green!"
I see every price dip as an opportunity and even if I don't buy during the dip, I am not foolish enough to sell.  The price is around $7k, so? At least it's way better than what it was at the beginning of the year. I guess what contribute to those panicking is that the year is ending, so they expect a price pump. They are forgetting it doesn't always work that way.

[Pearls Before Swine]

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.

This is true, but traders tend to panic every time something like this happens, and if they end up selling because of that it only makes it worse for the market.  I remember when the price was $3000 and even much lower than that, so while I'm disappointed to see what's happened to bitcoin in the last 48 hours I can still bring myself to keep it in perspective like you do.

Fear is a killer if you're a trader, and I would suggest to anyone new to the crypto market that they keep a lid on that emotion.  It can make traders make trades that are ill advised, and they can end up losing money.  This is just a tiny blip for bitcoin, and I have no doubt that it's going to recover.  That might be next year, but it *will* happen.

I remember some bitcoin celebrities called for "fair price" of bitcoins around $15k when it was trading below $5k levels.

Those 'celebrities' don't know what bitcoin is going to do any more than the rest of us, so if I were you I would stop paying attention to what famous people say about the price of bitcoin.

[pixie85]

People always use to forget this popular saying: "Red is green!"
I see every price dip as an opportunity and even if I don't buy during the dip, I am not foolish enough to sell.  The price is around $7k, so? At least it's way better than what it was at the beginning of the year. I guess what contribute to those panicking is that the year is ending, so they expect a price pump. They are forgetting it doesn't always work that way.

Because there's no free fall just like there's no pump without a correction. We went up like crazy to 14 thousand from below 4 and now we're dumping towards 6. It's like a zigzag pattern.

People say bitcoin is bearish and I disagree. We should say as it is bitcoin is bearish short term. This is a good moment to buy or to exit the market and that's what smart money is doing. Not trading trying to buy the bottom but exiting to fiat or stable coins. They will soon come back when the see at least one full green day.

[adzino]

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.

So someone newly invested on crypto currency when the price was around 9,000 USD and all of a sudden the price drops without any reasons and you want them not to panic? Lol, obviously they are going to panic. You probably don't have much invested on bitcoin for which you don't care much if the price goes down.
Anyone who have high investment, no matter for how long they have been in the market, when they see the price dropping, they will start to panic at least a bit. If they exit at the right time, they will also have some good chance of saving some loss and make more profit once the price has hit the bottom range.

[ene1980]

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 is not easy to judge a valuation and its worth just by looking at the price and you cannot call the past rally overpricing and massive boost manipulation might happen in an unregulated market and nothing can be done as if now.

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 easy to make a prediction and there is no guarantee that the price will rally after the halving and looking at the past exchange movements we can  very well say that the price of bitcoin will reach another all time high valuation but these are mere speculation and hopefully the market recovers in the near future before the holidays.

[Wexlike]

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 is not easy to judge a valuation and its worth just by looking at the price and you cannot call the past rally overpricing and massive boost manipulation might happen in an unregulated market and nothing can be done as if now.

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 easy to make a prediction and there is no guarantee that the price will rally after the halving and looking at the past exchange movements we can  very well say that the price of bitcoin will reach another all time high valuation but these are mere speculation and hopefully the market recovers in the near future before the holidays.

It looks like the price is going to break the local support zone and move downward to the 1st bottom at 6000.00 level. If you search for buy opportunities, this movement will be good for you. There will be a possibility to buy at the support zone formed by the middle line of the price channel and 6000.000 using reversal signals. Such trades will be as good for investing for the long run as for the medium term with the profit targets at the nearest resistance levels.

[darkangel11]

I also don't understand why people focus on the short term and call it a bear market. If we look at the big picture runs from 3k to 14k then back to 7k and again to 10k and so on are only showing that Bitcoin is stuck between strong buy pressure at around 5-6k and a strong sell pressure above 10k. Bitcoin exchanges lack liquidity and make it seem volatile but if we count how much fake volume there is and that there's a lot being traded OTC the price that we see can but doesn't have to be the real price. Real means the real average price at which bitcoin is traded worldwide. We don't know what that is so don't panic hold if you believe in it and sell if you don't. Don't do what others are trying to make you do. Play your own game!

[aardvark15]

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 is not easy to judge a valuation and its worth just by looking at the price and you cannot call the past rally overpricing and massive boost manipulation might happen in an unregulated market and nothing can be done as if now.

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 easy to make a prediction and there is no guarantee that the price will rally after the halving and looking at the past exchange movements we can  very well say that the price of bitcoin will reach another all time high valuation but these are mere speculation and hopefully the market recovers in the near future before the holidays.

It looks like the price is going to break the local support zone and move downward to the 1st bottom at 6000.00 level. If you search for buy opportunities, this movement will be good for you. There will be a possibility to buy at the support zone formed by the middle line of the price channel and 6000.000 using reversal signals. Such trades will be as good for investing for the long run as for the medium term with the profit targets at the nearest resistance levels.

I bought at around $7000 and I’ll probably buy more if the price gets down to $6000.  This may be the last time that we see prices this low.

[marcous]

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.

Well, some of those who panic are want to save their capital that is normal because of each person's decisions. traders should have a percentage target in the cut loss rather than a bigger loss. if you look at history before, it's not strange if Bitcoin crashes and then it will surge as the good news circulates. If have more capital, it would be better if the buyback at a lower price.

[gabmen]

For someone who've had to go through the entire 2018 season and early 2019, a drop to 7k shouldn't be that daunting. Come on, we've had worse. And we know that this is only temporary and there will come a time to recover. Unless of course, you bought bitcoin for short term profit this month. That would cause concern of course since there's a chance that a sub 7k price won't be the end of this correction.

[akmal1984]

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.

This is a condition that has happened repeatedly in crypto so it must be handled casually and don't panic as you say. Even though I personally did not expect that the price would be pushed up to $ 7,000, but this has already happened. Maybe now it should be do is buy.And then just wait for the next few months prices will rise again.

[smyslov]

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.

Whatever is happening now, people should look beyond and after the halving, and don't just worry on what's happening now, because all that we have been through now, have documented and we have seen how the halving has an over all impact on the price of Bitcoin, you should see this as an opportunity to buy more, like what I'm doing right now.

[Inkdatar]

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

[Hippocrypto]

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

That's not a big deal for me if market won't recover right now, what's important is how it would be corrected. Typical issues will be addressed seriously and will result to great market conditions, which eventually attracts more strong holders who will help with the pump of crypto market. Panic can be handled if you're not losing hope, keep a stand and stay determined.

[piebeyb]

no panic then no party, everyone saw the panic last night to touch $ 6800, I hope last night the price will touch it $ 6666.66, apparently not at all, I think they are the big players prefer to make a lot of people panic of course will reduce bitcoin holders in the future, at least they control the news and other media sites, I can only take a moment when prices bounce for quick profits, I can only say thanks for their panic, lol

[andycarrol]

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

in trading sometimes we have to cut losses to minimize the risk of loss, so many people panic this is indeed natural. but if they have full experience in crypto, they should know where the price will go eventually, this is only temporary or just a game from whales to get lower prices.

[Free1bitco.in]

no panic then no party, everyone saw the panic last night to touch $ 6800, I hope last night the price will touch it $ 6666.66, apparently not at all, I think they are the big players prefer to make a lot of people panic of course will reduce bitcoin holders in the future, at least they control the news and other media sites, I can only take a moment when prices bounce for quick profits, I can only say thanks for their panic, lol

actually I am one of those people who panicked. 
seeing the price of bitcoin and altcoin are falling so fast, making people who hold it will definitely continue to pay attention to prices.
unfortunately, I'm quite patient with that. but, I quite guarantee that enough people sell the assets they have been holding in the long run. however, it becomes an opportunity for investors to buy back in large quantities. I remember that this often happens, and then prices return to the level of $ 9k within a few weeks, or months.

[kesmex]

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

in trading sometimes we have to cut losses to minimize the risk of loss, so many people panic this is indeed natural. but if they have full experience in crypto, they should know where the price will go eventually, this is only temporary or just a game from whales to get lower prices.

some people are indeed exposed to whale traps, I am used to it like this,
I'm sure the price of Bitcoin will also survive at least $ 6500, but if it is passed, then we will see $ 4000 and please you buy with a lot of money,

[BitHodler]

I'm sure the price of Bitcoin will also survive at least $ 6500, but if it is passed, then we will see $ 4000 and please you buy with a lot of money,

The price gap between $6.5k and $4k is huge. I don't think we will see the price tank to $4k and if it did so anyway, I probably wouldn't buy because that to me doesn't look like there is much demand left.

$4k isn't even that important technically. It's a round psychological level, but other than that I don't see why we wouldn't retest the current low just above the $3k mark in that scenario.

People are getting more bearish as we speak, which generally means that they have sold and for that reason expect and hope that the price will go down, so don't be surprised to see a significant counter move soon.

[btc_angela]

I guess everything had settled down in the last 24 hours because the price seems to be recovering around the $7200-$7300 price after CZ has calmed the market and says that there's no raid because they don't have a office in Shanghai in the first place, total fake news coming from the media and that's why people panic.

[STT]

For someone who've had to go through the entire 2018 season and early 2019, a drop to 7k shouldn't be that daunting.

Exactly my thinking, its a pullback but its still an advance year by year.  Then consider how someone from the 2014 era of drop out in the BTC price and that lull in activity and then we are still much further from there hence the old timers I guess who been here longer then me are perfectly calm on this move.  NO biggy

[Twinkledoe]

I guess everything had settled down in the last 24 hours because the price seems to be recovering around the $7200-$7300 price after CZ has calmed the market and says that there's no raid because they don't have a office in Shanghai in the first place, total fake news coming from the media and that's why people panic.

Fake news is everywhere and so people are believing what they thought are real. Media is really unreliable with real truth. They create chaos sometimes. But it only shows that people should not trust everything they read. They should do their own digging before believing into something and having decisions that are unnecessary.

[d3nz]

I guess everything had settled down in the last 24 hours because the price seems to be recovering around the $7200-$7300 price after CZ has calmed the market and says that there's no raid because they don't have a office in Shanghai in the first place, total fake news coming from the media and that's why people panic.

There is some speculation roaming around that the value of bitcoin will still go down and could go drop betwern the value $7k - 7.1k and it might recover by next month.

And we all know thay even the value of bitcoin is recovering it can still be manipulate by whales. And best way is to take advantage of the bear market and make a profit.

[sayaya17]

There are some people who panic with the decline in bitcoin prices recently, maybe some groups panic and sell them, so the price is getting down again. But I am also convinced in mid-2020 the price of Bitcoin will return to the peak, but I can not ascertain what price bitcoin will achieve after halving it later, which obviously I also still hold Bitcoins to date and do not plan to Sell it

[andycarrol]

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

in trading sometimes we have to cut losses to minimize the risk of loss, so many people panic this is indeed natural. but if they have full experience in crypto, they should know where the price will go eventually, this is only temporary or just a game from whales to get lower prices.

some people are indeed exposed to whale traps, I am used to it like this,
I'm sure the price of Bitcoin will also survive at least $ 6500, but if it is passed, then we will see $ 4000 and please you buy with a lot of money,

wow I don't even think the price will really fall to $4000, I think bitcoin never repeats the lowest point in a short time. but if that happens this might be our last chance to buy? before halving 2020 happened.

[ecnalubma]

Whales are always responsible for the price dips and small fishes will always follow as they think that its doomsday for Bitcoin without doing a research on what really is going on in the space. But definitely just a normal dip and nothing to anticipate.

[arwin100]

We already observe the price of bitcoin before that it was declined and most others do panic sell to minimize loses. So this is not new to others those who are here that observe the market from the start. I'm not into panic and indeed no need to panic, because I highly believe market condition could recover.

in trading sometimes we have to cut losses to minimize the risk of loss, so many people panic this is indeed natural. but if they have full experience in crypto, they should know where the price will go eventually, this is only temporary or just a game from whales to get lower prices.

some people are indeed exposed to whale traps, I am used to it like this,
I'm sure the price of Bitcoin will also survive at least $ 6500, but if it is passed, then we will see $ 4000 and please you buy with a lot of money,

wow I don't even think the price will really fall to $4000, I think bitcoin never repeats the lowest point in a short time. but if that happens this might be our last chance to buy? before halving 2020 happened.

To much  dump will happen before we reach that but I don't expect that  to came since provably we gonna go stable at $7000 since the price  is so stable these days  but I will  watch more since I'm looking for more cheaper price to get in and hopefully I can see a good chance or might buy at this rate if sudden changes will  came since I'm expecting a huge rally and for sure many speculate that also when halving cames.

[rodskee]

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.

its nice that we are hearing this kind of word and encouragement from the old timer here in crypto space

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.

yeah that's it,people only reacting when the price are dumping but not neing thankful when the value starts to grow

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.

i can feel you with that mate,because there is another chance to accumulate when others are panicking and we are gathering .

[magneto]

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.

Well said. People forget about the bear market completely way too easily, and it doesn't make much logical sense for people to all of a sudden hit the panic button.

BTC's fundamentals have only changed for the better, and this flash crash is due to some news that was already known to the market long ago - that China wasn't going to be supportive in their stance with decentralised cryptos.

I'm seriously struggling to comprehend why markets first overreacted so much to China's endorsement of cryptos (it's obvious that they're doing it to support their own project), and now the pledge to ban all exchanges, which has been said time and time again.

[Darooghe]

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.

In my opinion most people don't care about bitcoin or the technology. This is just a get rich lottery ticket they bought into. As the price declines more people realizing that it is a losing lottery ticket. Nevertheless I'm in it since 2015 and I do a little panic. this is several months of continuous decline and I don't see any sign of any buyer anywhere. Order books are ultra thin on every single exchange. People who've been burnt during the last couple years aren't going back to Crypto anytime soon. I'm not selling anything though. I sold enough near 13,000 USD but I'm still very concerned for Bitcoin and crypto in general.

[barota]

everyone should hold bitcoin because some whales want  to make traders at panic for buying their bitcoin at cheap price. we should learn the lesson of the past when prices grow lot of time . let leave the whale sell his bitcoin then we will buy their bitcoin reverse what he want

[lienfaye]

Thats exactly what im thinking, many investors are worried or panic selling because of the sudden price dropped but they didnt realize that this situation is much better compared to the price earlier this year.

If you understand how the market works then this situation should not be new to you and cant cause you to think negative. We know this is a temporary situation so cheer up investors, the market will recover unexpectedly thus wait and hold.

[bitbunnny]

I think that panic started as soon as the price dumped below 8000$. There are always new and unexperienced Bitcoin users who react on every negative price change so there will always be a panic sellers. Also, some people will never actually learn how market works ans that corrections are normal part of volatility process.
Don't sell.and panic, hold and buy some more.

[strunberg]

I think that panic started as soon as the price dumped below 8000$. There are always new and unexperienced Bitcoin users who react on every negative price change so there will always be a panic sellers. Also, some people will never actually learn how market works ans that corrections are normal part of volatility process.
Don't sell.and panic, hold and buy some more.

stress level panic for bitcoin price on $5700 , if this level break we have to becarefull with next low that may formed , for traders or investors that have no skill they will panic when bitcoin move on this range, understanding market behavior, market sentiment and momentum will help us to face this condition. we ill not be panic when see price crashing, but we will have another sight from this. we see this as good opportunity to enter in market and buying coins in lowest price.

[bitvalak]

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.

At the end of the year is a moment for profit taking for big players, so it's only natural that this dumper occurs. Then the big players will wait for the price to go down to buy it back.
Unfortunately there are still many who panic with this condition, the more panic, the lower the price the whales will buy.

[piebeyb]

no panic then no party, everyone saw the panic last night to touch $ 6800, I hope last night the price will touch it $ 6666.66, apparently not at all, I think they are the big players prefer to make a lot of people panic of course will reduce bitcoin holders in the future, at least they control the news and other media sites, I can only take a moment when prices bounce for quick profits, I can only say thanks for their panic, lol

actually I am one of those people who panicked. 
seeing the price of bitcoin and altcoin are falling so fast, making people who hold it will definitely continue to pay attention to prices.
unfortunately, I'm quite patient with that. but, I quite guarantee that enough people sell the assets they have been holding in the long run. however, it becomes an opportunity for investors to buy back in large quantities. I remember that this often happens, and then prices return to the level of $ 9k within a few weeks, or months.

I do not forbid people not to panic and also hold them to HODL, I support whatever they do, if you are a panic and want to prevent your panic, you should be able to look for other activities to not see the price of bitcoin falling off the internet and go to a place a place for you to be more relaxed, but if you think that panic is a hobby I won't force you too, if I panic I usually do the same thing to turn off the internet and close the laptop 

[bhabygrim]

I think panicking when the price drop is natural even though we don't plan to sell our crypto we still feel nervous or something when the price drop.
We couldn't help it even if we trust that in the future the price would rise again we couldn't help but to doubt it when the price drop starts,
We would doubt it if it would continue to drop or rise again and I think everyone feels the same way .

[crossabdd]

I think it's natural for someone to have panicked about falling bitcoin prices. especially those who buy at the price of $ 8000- $ 9000. and I believe, those who panic are beginners. or those who are old but don't have much knowledge about bitcoin price fluctuations. or those who don't have patience. for people who already understand. the price of falling bitcoin is not a panic, but an opportunity, adding to bitcoin and saving it long term. I personally really like the current falling prices.

[julius caesar]

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 totally alarming and panicking especially there are a lot of people who hold bitcoin. I know in the last few days or yesterday the price of bitcoin drops to 6900$ and it below to 7000$. In this kind of market once you get panic there will be a tendency that you could lose an opportunity to earn income. I'm not totally confident the price of bitcoin will really go up to 20,000$ and even there will be a new bitcoin halving there still a chance that the price will go down. But, what do you think will gonna happen at the price of bitcoin at the end of this year?

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.

Holders are always the first person who get panic in every fall down of the price and because of this the whales have a chance to buy more bitcoin and they can also control or manipulate the market. Do not be a panic seller and just stay calm whenever we experience a sudden drop in the price.

[The Sceptical Chymist]

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.

I am, too.  Well, maybe more hopeful than confident at this point, since the vibe of the market lately has been pretty bearish.

Price drops like the ones we've seen lately don't freak me out, either, but I can certainly understand why other traders who haven't been around bitcoin for years might panic--especially short-term traders who were betting that bitcoin would rise and instead were treated to a slide of a few hundred dollars.

At least bitcoin rebounded somewhat from last night when it was below $7k and I figured it was going to go lower than $6600 and stay there.  I find these movements interesting instead of fear-inducing, but like you I've seen enough of them that I've come to expect nothing less from bitcoin.  Let's clink our glasses in a toast to a better year in 2020.

[BChydro]

I am, too.  Well, maybe more hopeful than confident at this point, since the vibe of the market lately has been pretty bearish.

I am also hopeful that the market would rise after the halving but i am not too confident with the way things are going as there are many factors this time around.

Price drops like the ones we've seen lately don't freak me out, either, but I can certainly understand why other traders who haven't been around bitcoin for years might panic--especially short-term traders who were betting that bitcoin would rise and instead were treated to a slide of a few hundred dollars.

The main difference between new investors and the investors who are around for a while they know that these kind of market situations are not that unusual in this market as we have seen more volatility in the past and as of late the market was almost stable for a while and we can interpret that the market went down to give another push.

 

[Visbay]

everyone should hold bitcoin because some whales want  to make traders at panic for buying their bitcoin at cheap price. we should learn the lesson of the past when prices grow lot of time . let leave the whale sell his bitcoin then we will buy their bitcoin reverse what he want

Very good suggestion buddy, it’s really nice advice for all new traders as they must not aware of whales so that they will sell their coins at panic. In the market we must know such people do exist so better stay away from them keep buying if you see the price is fallen. Holding and waiting will tell you the reality of those black sheep’s but you only need to stay strong.

[Hamphser]

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.

For a weak have hodlers of bitcoin i think it is kind of normal to have someone like them to start to panic when the market shows a sign of significant drop that would stay for long. Newbies are not exempted with this panic selling because usually they were the first one to dump straight when they can't see a profit in a short run. I don't know what are they thinking when the price started to drop they began selling.

[batang_bitcoin]

I think panicking when the price drop is natural even though we don't plan to sell our crypto we still feel nervous or something when the price drop.
We couldn't help it even if we trust that in the future the price would rise again we couldn't help but to doubt it when the price drop starts,
We would doubt it if it would continue to drop or rise again and I think everyone feels the same way .

Why doubt it if you are trusting that in the future price will increase? we all have a clear plan of holding and believing on bitcoin until it recovers well. But this normal situation and sudden change of emotion triggers whenever we see 10% or more drop. That makes other holders to worry if the price shall go up after that massive dump. But if you will compare the market situation since last year, you don't have to feel upset if you see such drops.

[akmal1984]

Thats exactly what im thinking, many investors are worried or panic selling because of the sudden price dropped but they didnt realize that this situation is much better compared to the price earlier this year.

If you understand how the market works then this situation should not be new to you and cant cause you to think negative. We know this is a temporary situation so cheer up investors, the market will recover unexpectedly thus wait and hold.

For people who have a lot of funds they might have been waiting for a moment like now when bitcoin prices are down. They must be prepared to buy in large quantities. However, for people who regularly look for bitcoin and sell it every day / week, the current conditions are clearly very worrying, I think. Even though they also know that this is temporary.

[STT]

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.

No you can be sure the market will swing to extremes, perhaps near term in a negative way and in future its quite likely to be upwards again but I disagree on the timing and inertia to the momentum of movement.   2020 people keep mentioning halvening but its not that saving grace that is imagined, its some focus and I guess a recovery but it can also be a peak price.
  I think its inline to guess conservatively we get 10k or so in the next year and in fact it takes until 2021 for real genuine pressure to the upside to occur and thats when estimating a new all time high is reasonable.   The halvening for its fundamentals takes time, it accumulates as some pressure and consecutively we'll have that rebound effect from the sell occuring right now.  So the two together is why its reasonable to expect a high at that later time, to guess 20k in 6 months is too much and beyond even BTC volatility to sharply switch.  I actually hope it takes longer as its more stable to do so.

[Natalim]

Yeah, there is no need to panic and actually thanks to you mate, we need more thread like this educating people that they should not panic as bitcoin is a good investment for long term.

The pump and dump that we are witnessing has never been unusual in this market, you can even check the chart to see the bitcoin history and find some news that bitcoin has been declared dead many times and dying many times too, but its still here, people will just forget it when the bull run comes.

[Free1bitco.in]

Yeah, there is no need to panic and actually thanks to you mate, we need more thread like this educating people that they should not panic as bitcoin is a good investment for long term.

The pump and dump that we are witnessing has never been unusual in this market, you can even check the chart to see the bitcoin history and find some news that bitcoin has been declared dead many times and dying many times too, but its still here, people will just forget it when the bull run comes.

Well, maybe panic is not an option. but for now, there are at least 30% of people who have sold their assets because of this decline. I think that those who survive today are people who don't panic. if we look back to the previous year, the price of bitcoin has even declined even worse than this, so for now, I don't have the slightest bit of panic. I am very sure that the price of bitcoin will go up high in the future. at least, I hope that many people hold their assets and don't panic because of this.

[yulionoo]

yes i agree with you op we don't need to panic. bitcoin is always like this can go down and up suddenly. keep calm and rest assured bitcoin can pump again. learn from bitcoin price movements in the past. we will see after the decline there will definitely be an increase and vice versa. we just need to be patient and wait. panic will make us make the wrong decision and cause us loss.

[Lanatsa]

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.

For people who do able to see bitcoins price movement all of the years than to those people who do just recently jumped into the ship will really have those kind of reactions.
They do normally react even on  the slightest or some percentage drops or increase but for those who are already old to this market will just treat as an ordinary day and it doesnt
really need that too much reaction because if we do think up thoroughly we can say that we are still in a good spot.We are just stressing out ourself on thinking everynow and then about
its price.So better chill out and if we do active trades then better always spot out for best possible bottom price.

[LUCKMCFLY]

~snip~

The ideal is not to panic, if you are speculating in the market, the ideal is to study it and follow the line of least resistance, if you are an Investor, all you have to do is wait, what you should expect is that bitcoin at some point It will come and go over $ 20k, that is a sure thing, the market has given many signs that it will be like this, its accumulation stage has been somewhat extensive, some believe that the volume of negotiations can reach very high price indices, some They talk about $ 50k others about $ 100k, some talk about $ 1M, the possibilities are open, but the important thing is to wait and be patient.

The stock market moves every 8-10 years, the Bitcoin market is much faster, volatility helps, panic, Fud, helps whales to buy cheap when weak hands sell, that's something that will always be repeated in the market.

[Wexlike]

yes of course, people who panic are those who afraid that lose a lot of their bitcoin and some of them are new in cryptocurrency
people not panic are believe in cryptocurrency that in the future increase price and some of them are old in the cryptocurrency like aardvark15 that start see bitcoin since 2012

What I noticed over the last few years in crypto, that if there is panic, be sure to panic first!

[joshy23]

yes i agree with you op we don't need to panic. bitcoin is always like this can go down and up suddenly. keep calm and rest assured bitcoin can pump again. learn from bitcoin price movements in the past. we will see after the decline there will definitely be an increase and vice versa. we just need to be patient and wait. panic will make us make the wrong decision and cause us loss.

Assessment with the current condition and not to rush with your decision, it will enhance the chance to think better and make a good point not to panic with any market movements. Bitcoin have it's own ways if you have good understanding you will be able to catch up and make a good money, you need to have better knowledge to take your advantage.

[enwi]

before we decide to buy and invest in bitcoin, then we must know about the character of bitcoin and how it risks, so when prices go down we should not need to panic because it is a natural thing and what we need is to stay calm and be patient by doing a better strategy for getting profits

[ene1980]

The pump and dump that we are witnessing has never been unusual in this market, you can even check the chart to see the bitcoin history and find some news that bitcoin has been declared dead many times and dying many times too, but its still here, people will just forget it when the bull run comes.

People can create FUD where ever they want and come up with theories about how bitcoin is going to fail, historically the price of bitcoin started rising rapidly in a short period of time and when that happened there was a doubt among the masses that whether it will rise sharply and fall sharply and that happened in the past, we had a huge rally now in 2017 and the market was rising sharply and then the decline was sharp too and even if there is a bull run expect a huge correction after that as you cannot sustain a sharp increase in price in a short period of time.

[skiorf]

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

[karanggatak]

most people panic of course because they fear losing more when bitcoin goes down. and in my opinion the easy ones to panic are those who are new to investing in crypto or a newbie. those who have long invested in bitcoin will not easily panic because they are used to bitcoin volatility. I'm not panicking I'm sure bitcoin will pump again.

[Lanatsa]

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.

No you can be sure the market will swing to extremes, perhaps near term in a negative way and in future its quite likely to be upwards again but I disagree on the timing and inertia to the momentum of movement.   2020 people keep mentioning halvening but its not that saving grace that is imagined, its some focus and I guess a recovery but it can also be a peak price.
  I think its inline to guess conservatively we get 10k or so in the next year and in fact it takes until 2021 for real genuine pressure to the upside to occur and thats when estimating a new all time high is reasonable.   The halvening for its fundamentals takes time, it accumulates as some pressure and consecutively we'll have that rebound effect from the sell occuring right now.  So the two together is why its reasonable to expect a high at that later time, to guess 20k in 6 months is too much and beyond even BTC volatility to sharply switch.  I actually hope it takes longer as its more stable to do so.

Most people do really have that kind of perception on which they  do trying or force to believe that it would happen on the same scenario once again on that previous halving event.
They do even reach out unrealistic digits speculation which even reaching or breaking that ATH would surely takes time before we do get there.Its better not to expect much and imho
its more preferable to have a some sort of slow phase of movement rather than having those sharp spikes instead yet we know on how prices would slumped down or would tend to reverse back.

[Wysi]

most people panic of course because they fear losing more when bitcoin goes down. and in my opinion the easy ones to panic are those who are new to investing in crypto or a newbie. those who have long invested in bitcoin will not easily panic because they are used to bitcoin volatility. I'm not panicking I'm sure bitcoin will pump again.

Same goes with me as well, even I don't panic whenever there is a dump as I have already seen numerous fluctuations all these years but I do have a red line post which I will think of selling it off only to back back at much lesser price. Those who have recently invested in bitcoin looking at last bull run and bought bitcoin at peak will be the one's to get panicked as they are yet to reach the break even of the amount which they have invested and it will not be an easy task for them.

[akmal1984]

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

For those who have been in crypto for the past 3 years, panic is no longer valid friends. Because they have experienced the ups and downs repeatedly. So they understand a little that this is only a temporary condition. But for new people it is difficult to accept immediately. the database they have is not as much as the old ones.

[Wexlike]

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

But novice trader only manage very low volumes. Almost zero market effect. Only whales make a real splash.

[Visbay]

yes i agree with you op we don't need to panic. bitcoin is always like this can go down and up suddenly. keep calm and rest assured bitcoin can pump again. learn from bitcoin price movements in the past. we will see after the decline there will definitely be an increase and vice versa. we just need to be patient and wait. panic will make us make the wrong decision and cause us loss.

Yes, I know bitcoin has the most volatile nature so it can rise and fall at the same time. We know the price of bitcoin rises high within a few days so only patience can protect us from losing. We should try to buy more and more coins when it will be a good time to buy but after that holding will be the wise step than selling at panic if the price is declining you only should increase your assets.

[hahay]

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.

If in the middle of next year the price of bitcoin is able to reach 20k I personally believe that at the end of the year the price will be lower, because if the crypto season comes in the middle of next year I am sure it will not only stagnate at 20k because it looks like the price will continue to be pumped higher during the bull run later. We just need to wait for that in the near future and indeed, there is nothing to worry about now even though the price is lower, because the price is still above 5k I think it is still at a reasonable stage and there is no need to worry and panic.

[Distinctin]

said PANIC might only be appropriate for novice traders, often I find people around me who have just learned to trade. He always panics when prices start to fall, he seems confused. I always reminded him that trading should not panic because that would stress him out.

For those who have been in crypto for the past 3 years, panic is no longer valid friends. Because they have experienced the ups and downs repeatedly. So they understand a little that this is only a temporary condition. But for new people it is difficult to accept immediately. the database they have is not as much as the old ones.

I don't think that they just understand a little, cause for that long I expected that they truly understand how bitcoin and crypto works. We have this fluctuation often times because of its volatility, market demand always change and it makes everything have a twist.

For these constant changes, I'd never considered this as a threat but rather to consider this an opportunity to make a profit. If people would understand the situation, they surely appreciate how it works and changes their mindset.

[Rosilito]

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

[Free1bitco.in]

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

I understand when the Investor feels uneasy. Basically, most bitcoin users today are investors who invest their money into bitcoin, so they panic when prices suddenly go down.
in general, I'm also very confident that the price of bitcoin will really reach $ 20k in the future. until now I even keep trying to collect assets. I just want to say for those who panic, believe in the potential of bitcoin. bitcoin first appeared to have no price, and currently has a high price due to technological developments. as long as the technology is still being developed, there is a high possibility that the price of bitcoin will continue to grow.

[Reid]

Or not. But it should still not matter.
Whatever the price of bitcoin is, as long as it has a value greater than other coins out there, then I will stay.
Afterwards there will be a lot of buyers again because of the cheap price.
Just like you said, it is an opportunity for those who really believe in the bitcoin technology.
We can always pump the market when it goes down. I bet we all have the funds ready by now just in case there will be a good opportunity for a buy.

[Magkirap]

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

I understand when the Investor feels uneasy. Basically, most bitcoin users today are investors who invest their money into bitcoin, so they panic when prices suddenly go down.
in general, I'm also very confident that the price of bitcoin will really reach $ 20k in the future. until now I even keep trying to collect assets. I just want to say for those who panic, believe in the potential of bitcoin. bitcoin first appeared to have no price, and currently has a high price due to technological developments. as long as the technology is still being developed, there is a high possibility that the price of bitcoin will continue to grow.

It is normal to panic when you invest in bitcoin and suddenly its price goes down because even though we are seeing this for a long time we can't take the fact that it is our money that will fade once things doesn't go in the way we wanted, it is about the way we think, the way we handle and see things.
Not only by the development of our technology bitcoin will continue going stronger in the market but also when people starts to know about it, when non crypto enthusiast found out about bitcoin and knew about the good things bitcoin can offer to us and they will eventually invest.

[daarul50]

That's the attitude right there. People are by default anxious when the market starts to change abnormally. It is the experience who particularly aid such attitude. I am pretty confident that sooner they will realize that what they are currently doing isn't a bit of a thing for them to be worried about. Well, sometimes they aren't to be blame because sometimes people are bit exaggerated about such changes that sometimes they been carried away by such anxiety.

you can not be stay calm when your whole savings fund stored in crypto and the market crash!

that is why you should only take the money you can afford to lose in to convert to crypto asset, not by going YOLO but in the end blame the whole thing in crypto haha i just can laugh at those people who doing so , pretty irresponsible.
gain some experience by spending less amount first , read more and apply it to a real action like start trading and feel the pain of losing money there.

as time goes by you will understand how the crypto market itself work , pretty different than others but so worthy.

[Visbay]

Or not. But it should still not matter.
Whatever the price of bitcoin is, as long as it has a value greater than other coins out there, then I will stay.
Afterwards there will be a lot of buyers again because of the cheap price.
Just like you said, it is an opportunity for those who really believe in the bitcoin technology.
We can always pump the market when it goes down. I bet we all have the funds ready by now just in case there will be a good opportunity for a buy.

Yeah, no matter what the price Will be but we should not sell our coins at panic as little patience can help us to avoid loose. If you see the price is falling then just have little more bitcoins and hold them until the price again recovers. Don’t sell as so many whales use to wait for those foolish sellers they tell them bad things about the market and make them sell panic.

[bitzizzix]

Or not. But it should still not matter.
Whatever the price of bitcoin is, as long as it has a value greater than other coins out there, then I will stay.
Afterwards there will be a lot of buyers again because of the cheap price.
Just like you said, it is an opportunity for those who really believe in the bitcoin technology.
We can always pump the market when it goes down. I bet we all have the funds ready by now just in case there will be a good opportunity for a buy.

Yeah, no matter what the price Will be but we should not sell our coins at panic as little patience can help us to avoid loose. If you see the price is falling then just have little more bitcoins and hold them until the price again recovers. Don’t sell as so many whales use to wait for those foolish sellers they tell them bad things about the market and make them sell panic.

Panic only happens to those who invest in the short term because they worry that bitcoin will fall too deep, investing in bitcoin requires strong patience and does not feel panic when it is experiencing a decline.
I think bitcoin will be more effective and profitable if you make a long-term investment to avoid panic and worries when it goes down or anything that makes you feel panicked, and the long term will be a diversion option from the short term when the market is bad.

[FlamingFingers]

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.

The market now has a lots of newbies in it and lots of weak hands in the market,  that is why they tend to panic dump Whenever bitcoin retrace a little bit there by resulting in more dumping, 

I wouldn't blame most of those who panic in selling most times because they took the market as a get rich quick scheme,  no proper understanding about how the market operate and it's volatility

[Hypnosis00]

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.

The market now has a lots of newbies in it and lots of weak hands in the market,  that is why they tend to panic dump Whenever bitcoin retrace a little bit there by resulting in more dumping, 

I wouldn't blame most of those who panic in selling most times because they took the market as a get rich quick scheme,  no proper understanding about how the market operate and it's volatility

It actually that's their decision but thinking about how it affects the market, it seems to put care as well and help the market trend get stronger rather than to see it going down. We know that most of them are new to this kind of market that is why we need to help them understand and find a way to adopt the system that they would like to engage with. It oftentimes to have this fall and we shouldn't have to be surprised anymore.

[Cacingkemi]

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.

of course if we have enough capital, as much as possible we should be able to take advantage of the opportunity to buy bitcoin when the price is cheap, even lately many are manipulating the spread of false news so that everyone feels panicked so that it can affect market prices because many people are afraid of losing deeper so decided to sell bitcoin at a pretty cheap price.

[imstillthebest]

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.

of course if we have enough capital, as much as possible we should be able to take advantage of the opportunity to buy bitcoin when the price is cheap, even lately many are manipulating the spread of false news so that everyone feels panicked so that it can affect market prices because many people are afraid of losing deeper so decided to sell bitcoin at a pretty cheap price.

thats nice guys because you are showing that you dont panic while everyone else is panicking  . i think i cant do what you have guys have done  . i said to my self once that i wont be affected whenever happens with the price but when the dump happens my heart starts to race fast and i cant help seeing my assets go down which later on leads me to follow others and go with the flow   . atleast that gives me an instant relief  . panic is not bad if you think it will be better for you  .