Are we going to see another PANIC

[rdbase]

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.

Yes I had been following the plus token scandal ever since the dump happened a few days ago when it was still looking stable at $9000 but then it went down from there. Ever since they started dumping their btc holdings from the scam starting late last week. This looks to coincide with when the price falling so sharply since then.

Just curious where OP little mouse is from. In which country as they had said their in a group on a social medium discussing about selling all their btc on.
I am thinking somewhere where bitcoin perhaps holds a premium to sell there.

[seoincorporation]

This is about the maximum level of panic you’re going to see. I don’t think we’re going to see the price go much lower, stop looking for the perfect time to buy.

Buy now!

Not sure, it could crash more, the oil war is heavy nowadays, and if the oil market keeps crashing then we will see a lower price on bitcoin.

Today is the Black Monday, just grab some corns and watch how all markets burn in hell. #TheWaySheGoes

My recomendation is HOLD all the way, and don't panic.

[gabbie2010]

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?

This is not the first time Bitcoin would witness such a massive dump neither would it be the last, we had witnessed massive pump and dump in the past personally as a trader I would always capitalize on the dump and buy low with the hope that the price would gonna pump again and sell high which is very synonymous with Bitcoin.

[gundala]

The dump on the weekend was quite deep, bringing a decrease from the level of $ 91xx to $ 82xx. For those who do not have a strong strategy will certainly panic, this is usually preceded by panic too when buying, FOMO. For experienced traders and investors, this kind of thing is just like riding a roller coaster only with stronger shock therapy, lol.
That is why do not easily panic, do everything based on analysis and calculation, even if there are things that are not in accordance with the analysis, you can more wisely determine the next step without another panic. Do not FOMO, let alone a lot of news linking halving will make pump prices, you must determine the right strategy. Towards halving flash pumps usually occur then correction, this is a prefix for the next big movement. For those who already enjoy this ecosystem, they will be more patient and enjoy every up and down price.

[Baoo]

Unfortunately yes, I guess this widespread dip in the market will definitely continue in the next period due to the panic sell and other reasons related to Corona Virus and the social media impact. Furthermore, maybe this the appropriate time in order to buy Bitcoin and Ethereum, and we should just need to hold our amounts because it is certain that after few weeks Bitcoin and the whole market will back to the rise.

[Cypher 13]

In my opinion Bitcoin will have more downside the next few days/weeks. What I am expecting is that Bitcoin will drop to the range 6800 to 7200 dollars. 6800 dollars range must hold.

[Yatsan]

The dump on the weekend was quite deep, bringing a decrease from the level of $ 91xx to $ 82xx. For those who do not have a strong strategy will certainly panic, this is usually preceded by panic too when buying, FOMO. For experienced traders and investors, this kind of thing is just like riding a roller coaster only with stronger shock therapy, lol.
That is why do not easily panic, do everything based on analysis and calculation, even if there are things that are not in accordance with the analysis, you can more wisely determine the next step without another panic. Do not FOMO, let alone a lot of news linking halving will make pump prices, you must determine the right strategy. Towards halving flash pumps usually occur then correction, this is a prefix for the next big movement. For those who already enjoy this ecosystem, they will be more patient and enjoy every up and down price.

It is not only deep but also unexpected, or just for me, since the virus is known to spread in the very late 2019 I expected the price to skyrocket because that is the time that people would look for non-hand payment that might worsen the spread of the virus but I guess I was wrong for concluding that. My portfolio is currently at loss because of the price dive, strategies are not working even the hard ones. The panic from the people is making the market at its worst, we are still at low number of panic buying and look at the price of bitcoin I could hardly look at it when things gets severe. Hence, It is a good time to buy now, hope it will recover next week.

[iamaruf]

Yeap I already noticed that some people panic and they are selling their bitcoin.I saw one of the member in facebook group he is buying bitcoin via local currency.i think smart people are buying bitcoin now, and those who don't have enough knowledge or don't know the market only they are selling.I think agiain bitcoin will be recover.Nothing to worry if you are holding bitcoin.

[Anonym1337x]

I hope all weak hands get out from Crypto, because its not for people like this.
They panic sell, i hope they never re-buy. Stupid people, just HODL and dont go with those low IQ people, dont sell your crypto!

[Wysi]

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 am not sure how many more fluctuations do we need to experience before the panic sellers learn about how the market operates. Since bitcoin is highly volatile we cannot expect it's value to keep increasing or decreasing and the sooner we understand everything is temporary let it be pump or dump. These dumps and panic are really beneficial for trades as they can buy bitcoin at a lesser price only to sell it at a much higher price once the market recovers.

[Shasha80]

It's true that it's likely that there will be a panic sell and bitcoin can go down again from the current price. We must get ready
for cutloss if it's daily trading. But for those who are long-term trading, my advice is to just hold the bitcoin that you have.
Now bitcoin has fallen to below the price of $ 8000, if bitcoin continues to fall to below $ 7000 this will be very helpless.
Because there will be more panic of investors who holding bitcoin, we just hope that bitcoin can go back up to the price of $ 9,000.

[samcrypto]

They panic because of the market situation and if it continue to drop for sure it will create a big panic in the market. Whatever the reason for the market fall is, we should not panic and sell on a loss because this is just temporary. Covid19 seems like affecting the whole market especially the stocks, we have to stay positive and remain vigilant, stop panicking and don’t sell on a loss.

[kawetsriyanto]

It is crypto market, there will always rise and drop in price. It happened repeatedly, so why people should be panic? I doubt if some people in your local group are really panic or just trying to spread FUDs. Sometimes, there are few people taking advantage of the bad moment in crypto, including the high drop in price. We must be careful and smart to analyze the situation.

[bhabygrim]

It is crypto market, there will always rise and drop in price. It happened repeatedly, so why people should be panic? I doubt if some people in your local group are really panic or just trying to spread FUDs. Sometimes, there are few people taking advantage of the bad moment in crypto, including the high drop in price. We must be careful and smart to analyze the situation.

Negative events and crypto drops this could really create FUD to confuse some of the crypto holders.
But you are right we need to be careful and analyze the situation in order to avoid falling into this drop and pump situation.
I don't think that the price could continue to fall deeper I think we already reach the lowest point right now.

[FanEagle]

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?

Its not really much of a surprise to me when the price started going down, because Bitcoin has always been volatile and does not retain a stable price ,it goes up and there is a time it will also fall back to lower price. Last week there was a decrease as the price went from $10,000 and down to $8,000 or below that I guess, but it later showed signs of recovery as it climbed to $9000 only to fall back again to around the rate of $7k (currently $7,900.).

This is just how it will keep going, but on May after the Halving there should be a better increase and it will keep going up more than down and that’s when we will see the next bull run take place and the price hitting another all time high.

[thesmallgod]

I heard the sudden fall in price was due to a loss of around 15k BTC in a scheme. I think the fall is not that significant because this is not the first time we have witnessed this before. Even sometimes it was tougher than this and it is only a matter of time before the bitcoin and other cryptos will recover. I am very optimistic the fall in price has opened a way for some people to acquire more crypto. Almost all the top 10 cryptos have dropped to at least -10% which is a good time to buy.

[isaac_clarke22]

I heard the sudden fall in price was due to a loss of around 15k BTC in a scheme. I think the fall is not that significant because this is not the first time we have witnessed this before. Even sometimes it was tougher than this and it is only a matter of time before the bitcoin and other cryptos will recover. I am very optimistic the fall in price has opened a way for some people to acquire more crypto. Almost all the top 10 cryptos have dropped to at least -10% which is a good time to buy.

Right now, it doubled to -22% according to CMC.
I am starting to believe now that the virus has a large impact to the market now, and probably we should see below 6k if it doesn't happen to recover anytime soon, but hey that's an opportunity to buy more BTC especially after the outbreak ends we should see a bit of a recovery. Let's try to be at least be a bit optimistic that there won't be plenty of panic but there should be numbers.

[Pearls Before Swine]

We're seeing a panic as we speak, and there's no question about whether we're *going* to see one.  Bitcoin was above $10,000 not too long ago and is right at $6000 now, so I would consider a loss of $4000 a panic. 

Bitcoin will come back, tho.  Panics usually have a tendency to reverse themselves once investors start thinking straight again.  Don't know how long that's going to take in this case, but I doubt this is going to last for the remainder of the year.

[kryptqnick]

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?

Apparently, that's what's happening... Bitcoin is $6k which is devastating. Minus 20% in 24 hours, this is very painful and disappointing... I realize that everyone's worried about Coronavirus, but while many businesses objectively suffer from it (or, rather, the measures introduced to combat it), Bitcoin does not get affected, it's just people panicking. Moreover, national currencies are already starting to fall, and Bitcoin could become something a person can buy and at least save the money if not profit, but again with all this panic people are just selling everything for no reason... Starting today, all educational facilities are closed for 3 weeks, it's nearly impossible to buy antiseptics in a local store, public gatherings are banned. All these things affect many people, but they aren't supposed to affect Bitcoin.

[Youghoor]

The panic is already in motion mate, the entire crypto market has decreased by a whooping 100B USD already. This is likely going to tank further as the unrest of Corona Virus is still spreading across the world and slowing economic growth. In other views, this is the time to buy bitcoin at very cheap prices or even any altcoin which has a huge potential of growing.