No need to PANIC!

[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.