Are we going to see another PANIC

[jossiel]

As usual, when we see downtrends like this, many are already starting to think of the negative effect and that causes them to sell immediately even a huge loss.

As I have said in some thread that this is the time that we should stop monitoring the charts for a week and this is applicable for most holders. But if you are a day trader, you can mostly take the opportunity out from this dip.

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[alexsandria]

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?

actually it's normal that we are seeing right now those people who are panicking because of the suddenly dropping the price of the bitcoin and for the past 24 hours at the crease almost $2000 and which it is really some kind of panic for those people who are investing order to the investors because suddenly they are just thinking of selling their bitcoin right now to avoid the heavy losses that might come to them but if you know what is the market doing then probably you will not panic on it.

[ballerin and giroud]

I saw some information and the decrease price is not happened in bitcoin only, you will see on stock market, oil and the other market have decreased as well and I'm think there will be many people who will be panic because of this thing. We can see know bitcoin price has touched $7800 before its price has tried to reach $9200 a few days ago, but it is just for a while in my prediction, the information that spreading is good, we can see some countries out there have accepted bitcoin again.

[mahilchii]

Obviously, panic sell will definately lead more downfall for BTC. This downfall is not happening for the first time in crypto everyone knows this is normal, panic selling can be caused by various factors and can range in severity. And I believe this downfall will happen only for a short-term I request the panic seller just to wait till halving and see the price range.

[White Christmas]

I saw some information and the decrease price is not happened in bitcoin only, you will see on stock market, oil and the other market have decreased as well and I'm think there will be many people who will be panic because of this thing. We can see know bitcoin price has touched $7800 before its price has tried to reach $9200 a few days ago, but it is just for a while in my prediction, the information that spreading is good, we can see some countries out there have accepted bitcoin again.

Aside from that bad use that the bitcoin right now is damn thing so much there are still some good news which is the country those who are accepting bitcoin cryptocurrency as a form of money into their country because on the past days we have saying south korea and france that are accepting bitcoin to the country but the thing is still there is a bad news from us which is the bitcoin price is currently damn thing so hard right now until it reach the $9200 peak of it from the other day suddenly it dumps right now.

[hirngespenst]

Yes, it is normal to be panic. Because no one thought about this huge dump! Everyone had a strong mindset that Bitcoin price will be growing gradually if it needs correction, then Bitcoin price won't come under 8500 USD! But when Bitcoin dumped thousands dollar within a day and hit 7700 USD, then it's normal to get panic. I am glad that I sold at 9200 USD, and now I am waiting to buy at 7500$!

[XCANA]

Panic or not, am not going against my wishes because, the halving is almost here and the whales are taking this opportunity to accumulate to themselves more coins before the halve. Sellers who are inpatients are those who derives pleasure in selling against their wishes  because its not everyone wishes to sell when the market is down. This is a well known tactics from the whales whenever they need to take profit from the weak hands holding Bitcoin and other cryptocurrency, for me am not panic at this junction close to halving

[LogitechMouse]

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?

With the current events worldwide, many investors are panicking right now and causing a massive paranoia not only to global market but also in crypto market.

Well if you are already in the crypto market for quite a long time already, you know how the market moves so this dump is totally useful for the investors because they can get Bitcoin in a lower price and still hold it and one thing more Bitcoin halving is coming. There is still a chance that it will go up as the halving comes or it will not go up as we expected .

For me, no selling of Bitcoin right now. Will hold for it.

[Latviand]

People should stop manking it a habit to oanic everytime the market price is falling. For this year, there are only two possibilities, feel free to correct me, why the market price of Bitcoin is falling at this moment. Itcould be because of the natural market vokatility or the preparation for the bitcoin halving. Based from what I have read before, the price would fall as the day of halving is getting near. Also, we should look at the decrease in its price as an opportunity to invest because once the uprise occur, profit will surely be earned by those who are patient.

Panic or not, am not going against my wishes because, the halving is almost here and the whales are taking this opportunity to accumulate to themselves more coins before the halve. Sellers who are inpatients are those who derives pleasure in selling against their wishes  because its not everyone wishes to sell when the market is down. This is a well known tactics from the whales whenever they need to take profit from the weak hands holding Bitcoin and other cryptocurrency, for me am not panic at this junction close to halving

This is the right thing to do which is to be optimistic because it would save you from hasty decisions. Also, this is not the right time we are seeing market price downfall, actually, it happens often in this industry an not only to Bitcoin but to all cryptos. It should not be something new. Those who are selling are those who are more likely just after easy profit. Just be patient for now and wait for the right time to invest and sell because we are talking about investment here, wherein actions should be done with care.

[Ridwan Fauzi]

Panic sell is common thing that always be happen on cryptocurrency like this time. Bitcoin price has fallen more then 10% and now its price has touched $7700. I never imagine that this correction will come and so much severe cause I'm still holding my bitcoin, I got confused when I make a decision when bitcoin price touch $9100, but I will let them on my wallet.

Yeah agree with several users above me who said that this correction will be happened for a while. Since there are some good news comes and the current price is really good to buy, I believe for those who buy now then they will have a chance to gain almost $2000 in a few days if they buy 1 BTC.

[Reid]

So what can we call this?
Ain't this already a panic?
We are looking at a large scale of decline in just a small amount of time.
People might have started to worry because of the FUD's that had been spread out. i.e. CoronaVirus which is being connected to the bitcoin market.
Even without facts to back it up, some may have already believed in it without even seeking for proof.

[enhu]

And I thought its going to go up further because of the near halving but it drop, its even likely to go below 7K.  A trader would dump if they see prices continues to decline and people keeps spreading the panic. The Covid19 is also being used to make people dump which they think the world will be in serious recession, I guess they effectively did it.

[Assface16678]

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.

Today we are facing again the market price of the bitcoin that is falling down and this is not quite good because many people already make an investment when the market price is too high and they are now losing a lot of market income with this, still there are people grabbing the opportunity to make investment when the market is too low. One of the reasons why the market price of the bitcoin falls-down the same with the other altcoins because of the virus spreading all over the world and they are using this to make another source of income. Some of the people are getting panic selling that may cause of continuously falling down of the market supply and volume. Still, we are looking forward to making more earning with the use of bitcoin but it takes a lot of time again before we can make back to the top of the market profit or income.

[Bitcoinislife09]

Bitcoin is already down to $7,837, for sure panic selling is one of the factors why bitcoin market price is dump, it happened when the bitcoin price dump from 10,000$.

[Kuffy]

There is a long term channel that Bitcoin has never broken the lower bound, apart from a few wicks. At the moment it is still above that, so there would appear to be no cause for panic. Bitcoin by its very nature is highly volatile, but it keeps strengthening its base for wealth protection in my opinion. Just make sure you buy sensibly.

[markdario112616]

Obviously, panic sell will definately lead more downfall for BTC.

Nope, Not unless that the holder/investor (or what so ever) of BTC is directly affected by this disease (i.e. A family member is struck by it, or him/herself is the one infected) and needed a money for it. Also, The term "downfall" is I think inaappropriate, it's like you're saying that Bitcoin is coming to an end. Maybe, Downward trend? could be applicable? (just sayin  )


Everyday's a panic, especially when you are not closely monitoring it. Despite this outbreak the rate of BTC is still constant, and unlike the other players most of it are now incurring a huge lost. Well, It's already expected, people are going to panic and markets will undergo this phase.

Actually, If only others can see that this is an advantageous stage as the market rate is low, this is the time to buy and buy. It's fact that when a vaccine is already at available, the market would literally rise up again.

[bassbity]

Obviously, panic sell will definately lead more downfall for BTC.

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Actually, If only others can see that this is an advantageous stage as the market rate is low, this is the time to buy and buy. It's fact that when a vaccine is already at available, the market would literally rise up again.

Even this is what I want where I can buy at a lower price and even more, I am not too panicked when conditions like this may be a downtrend that is happening so much panic occurs with the weakness of their hands to click the selling buttom so that this decline is even worse.

But I think this is an opportunity for me to hold more at a low price.

[garyrowe]

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 term panic is synonymous to crash in the value of Bitcoin. Most holders seem to panic sell even at a loss when a sharp decrease of this nature occurs in the crypto space. Most often, those that panic sell are those with small holdings who must have spent an amount they can't afford to lose in buying BTC, out of fear, these persons sell even at a loss just to get something out of their investment without thinking of the possibility of BTC recovering in price. The term panic is presently in the space and more persons will sell low now and buy high again when the reversal begins. This is crypto for you.

[Jeremy Franklin]

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?

If you look back on this in the long run, you won't even notice this little dip. Bitcoin won't die, there won't be a capitulation now and we will see 15K BTC after the halving pretty soon.

[DeathAngel]

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!