No need to PANIC!

[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.

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[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.