Are we going to see another PANIC

[Little Mouse]

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

[Debonaire217]

It is probably part of the characteristic of Bitcoin which is being volatile, some call it as a bubble, and based from my experience, outside factors might affect why the price of bitcoin is acting like what we have right now. In addition, bitcoin stays at 10k dollars in the past months, so considering the upcoming halving, my speculation regarding this matter is that, investors are just preparing for the huge market price increase in the future.

So, there's nothing to be feared about the current situation, instead, we should he happy that the market is active and will open up opportunities for investors to enter the market once again.

[pooya87]

THIS IS the panic that we are seeing that has caused the price to fall hard below $9k for the past 4 days that it has been going on. and the reason is apparently the FUD and the stock market crash, oil prices dump,... i don't think it is possible to predict how long this is going to last or whether there is more panic sells to come. all i know is that the more they panic sell the harder it gets to go any lower as weak hands don't have unlimited amount of bitcoin to sell!

ps. this drop also doesn't make any sense because there is about 3 or 4 massively bullish news around these days. from a couple of countries legalizing bitcoin and some other countries accepting it as a currency to the good ol' hyped up halving.

[Little Mouse]

ps. this drop also doesn't make any sense because there is about 3 or 4 massively bullish news around these days. from a couple of countries legalizing bitcoin and some other countries accepting it as a currency to the good ol' hyped up halving.

Exactly. All the news should bring a hype in the price in last couple of days. But the opposite ia happening now. We had seen good price pump on such news before. Is this some kind of trap?

[xvids]

It is hard to tell if things would go on there are so many positive news about crypto yet we are still experiencing price dump.
FUD is still kicking due to some news and panic because of the corona virus.

[daweller1]

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

Bitcoin is doing fine, considering WTI oil just dumped 30%
How often do you see that?
And the DOW is looking like i'ts going to have another -5% drop today...
And thats a major index comprised of Trillions of dollars worth of stock.
Bitcoin is down about 14% , and has a market cap of a couple hundred billion.

[yohananaomi]

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

The thing that is most feared in holding bitcoin is fear or excessive panic so that it cannot think correctly and correctly. even though it requires proper execution when we are going to do bitcoin when it's going down or going up in price. actually the matter of rising and falling bitcoin is a common thing and just how to respond so as not to get carried away. clearly if there is a big sale will affect the bitcoin and other altcoin.

[meanwords]

There's an article posted that there's a coin dumping Bitcoin and that might have been the cause of the sudden dump today. I don't really find any reason to panic at all as this is a sudden dump. This is just another one of those buying opportunities that we are waiting for so why we are panicking? We've seen it all, even if Bitcoin where to be dump like this, it will still grow in time.

[davis196]

The entire global economy is going down due to the coronavirus panic.Oil,stocks,derivatives...
It's really stupid to think that Bitcoin and cryptocurrencies in general will be some kind of safe heaven and everybody is going to buy BTC in order to keep his savings.More people will sell their coins in order to buy some important goods-food and remedies,so they could survive staying at home during the quarantine.
Let's hope that the coronavirus will be gone by the end of April and everything in the global economy starts working normally (and prices recovering) by the beginning of the summer.

[dalibord]

[maydna]

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

I think we already see a panic from some traders because many of them are not expecting to see the price is down for the deep price. We cannot predict that it will have today, but that is what we see now, and the price now is below than $8k. Perhaps, this situation will continue for a few days, especially if many traders still have panic to see the market is down.

But I hope that these conditions will not stay for a long time and the price can back to increase again so traders will not feel panic because the price is down. Some people use this time to buy more bitcoin because they can get bitcoin at a low price which is not every day they will see that price.

[bgaf]

There's an article posted that there's a coin dumping Bitcoin and that might have been the cause of the sudden dump today.

Nice find. If this article is truw then that token should be blamed. Holy moly, if those 13k btc would be dump easily then surely the market will go down very fast. Imagine those huge amount of btc being dump at continous price range would affect it somehow.

I am quite shocked cause the downfall is really fast, I do hope that market can recover quickly.

The entire global economy is going down due to the coronavirus panic.Oil,stocks,derivatives...

This is somehow the reason Im thinking but the news on that btc dumping is much more credible, if you add the situation on corona, Im afraid investors would probably pulled out and having a panic button sell off.

[The Cryptovator]

I think it's simple calculation, more panic means more dump. Because whenever holders will become panic and start sell their bitcoin then sell pressure will higher than buy pressure. In a result more dump will happen. Panic is always negative for crypto holders and traders. If we do not have enough patience then likely we will have to fall in trap of whales accumulation.

Current dump is happening due to whales accumulation IMO. Because halving is very near and whales will try to get benefits of halving. For me, I am not panic and still holding small amount of bitcoin. To be honest, I am not gonna sell it now, likely sold it before halving after a pump. I believe we will see a pump before halving.

[bitbunnny]

Yes, I'm pretty much sure that panic selling will happen. It happens every time when price goes down and there are always users who can't stand the pressure and can't wait for price to recover.
We always have too much euphoria when the price goes up with unrealistic and exaggerated predictions and expectations and panic when the price starts to fall. I guess some people never learn.

[Jating]

10% in a day? I would say that people really do panic, specially noobs and push the sell button. The corona scare and then the supposedly PlusToken scammers cashing it out their funds again.

However, we have seen this or we have been in this kind of situation before, and smart investors look it at the bright side, inside of panic, what they do is buy more bitcoin. I'm sure in the next couple of days, when everything settles down, the price would bounce back.

[taufik123]

The panic of others can be a boon for people who want to buy BTC at cheap prices.
Too Panic and finally selling BTC cheaply is just a waste of money.
If the price of BTC goes down it should have a reserve fund to buy more BTC at a cheaper price.

Prices will definitely go back up and that's for sure, just how to train mentally to not be the person to do the Cut Loss action because BTC continues to fall and do not have reserve funds. stay focused on the intended target.

[Yamifoud]

A lot of factors to considering, for the fact that everything is failing even the oil price -bitcoin may not be the safe haven

Not really guaranteed to be safe but it is not also a reason why we easily give up, think negative all the time and been pulled into panic selling.  
Should we think that whale's participation is a big factor why we expectedly experience like this and if that million of Bitcoins transferred is true, it all be possible to see a scenario like this?
Yet, it happens oftentimes but it somehow surprises us knowing that we are looking for more dumps rather than of having a drop.

[TravelMug]

Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?

There are predictions that the price is going sub $8k, because of the panic, but I don't think that it will bring capitulation. If it goes down, then good, as the saying goes, "buy when there is blood on the street". Although we have heard lots of positive news just like week specially coming from India.

But that was overshadowed by the latest negative news about the plus token, I think someone already posted the link here, I won't elaborate on it. But think about it, every time that we have some good news coming around, coincidence or not, there will be some negative news to offset what the market have work for. Also, if criminals are not so dumb, why would the plus token scammer dumps their coin in the last 24 hours? Why not wait till the price goes on five digits again?

[Slow death]

A lot of factors to considering, for the fact that everything is failing even the oil price -bitcoin may not be the safe haven

I also think that the reason for this price drop is related to the same reasons for the price drops that other markets are experiencing. I saw an article blaming plustoken for the price drop, I think they're looking to blame plustoken just because they want bitcoin to be seen as safe haven. The old competition with gold that will never end. I don't disagree that plustoken can cause a price drop. But that price drop has been dropping since it failed to break $10,500 and the coronavirus started to become a serious problem for the world

[imstillthebest]

of course yes .  panicking is always been there because that is part of this crypto ecosystem   .

you know cryptos are up and down , people can panic on different situatios   .  now that price is down obviously people panic again to sell because they are scared that the price can go down again and will take a long time to recover  and they are prolly need money because if you dont need money imediatley you will not bother panicking because you knew that the value can always recover  .