Are we going to see another PANIC

[Barbut]

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.

Just 3 days after this topic is created we are seeing another huge drop, the entire market is down and it's a complete bloodbath. Looks are good days are behind us, and now we need to be calm and try to survive this situation without losing our minds. Around people are panicking, and probably that depends wherefrom is someone, and in what kind of situation that someone is. For now, I am trying to keep my head down and to try to
keep my stash intact until this is over, and I hope that will happen soon.

[jhonjhon]

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.

Just 3 days after this topic is created we are seeing another huge drop, the entire market is down and it's a complete bloodbath. Looks are good days are behind us, and now we need to be calm and try to survive this situation without losing our minds. Around people are panicking, and probably that depends wherefrom is someone, and in what kind of situation that someone is. For now, I am trying to keep my head down and to try to
keep my stash intact until this is over, and I hope that will happen soon.

We could have to wait for weeks or a month before we recover this huge drops. Not only the crypto market suffers big losses but this is a global market issue where we all suffer it. From $8k straightly down to $6k and continue to drop again. I believe this trend could start another market drama and expect for more panic sellers that could help the situation into worse.

[Questat]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

[Little Mouse]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

[Barbut]

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.

Just 3 days after this topic is created we are seeing another huge drop, the entire market is down and it's a complete bloodbath. Looks are good days are behind us, and now we need to be calm and try to survive this situation without losing our minds. Around people are panicking, and probably that depends wherefrom is someone, and in what kind of situation that someone is. For now, I am trying to keep my head down and to try to
keep my stash intact until this is over, and I hope that will happen soon.

We could have to wait for weeks or a month before we recover this huge drops. Not only the crypto market suffers big losses but this is a global market issue where we all suffer it. From $8k straightly down to $6k and continue to drop again. I believe this trend could start another market drama and expect for more panic sellers that could help the situation into worse.

I just woke up and the situation is worse than it was yesterday. You are right, we will have to wait weeks or months for the recovery after this. It's a global stage and the entire global market is in a problem! My friend we are already in a stage of drama and panic, take a look at what some people wrote and you will see that I am right.
But what we can do!? Nothing, except to keep our heads down, to try to not get infected by virus or panic, I can't say what can be worst from these two.

[Fesatmas]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

I think Bitcoin will be stuck at the price of $ 5,000 because it's the lowest price in my predictions, of course at times like this many people are panicked about this terrible dumper because the current situation really messes up all the plans to be invested.
But now I prefer securing to the USD compared to holding crypto.

[Natalim]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

I think Bitcoin will be stuck at the price of $ 5,000 because it's the lowest price in my predictions, of course at times like this many people are panicked about this terrible dumper because the current situation really messes up all the plans to be invested.
But now I prefer securing to the USD compared to holding crypto.

That's the best strategy at this current situation.

However, I think bitcoin could drop further, I can still see the panic happening, if it will stay $3000, no one cares as long as you are believing.
More opportunity for cheap price if this will go down, so let's hope it will continue to dump as this is not permanent though.

[Free1bitco.in]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

I didn't think that the panic that is happening right now is bringing the price of bitcoin to $ 5k. so far, I have prepared for a state of panic, however, I would argue that the farthest price that can be reached is $ 6500, and that has little potential. however, looking at today's prices, made me realize that the panic that happened was really great. I can't speculate anything, because right now the price could go down to $ 4k, or it can go back up to $ 6k.

[arwin100]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

I didn't think that the panic that is happening right now is bringing the price of bitcoin to $ 5k. so far, I have prepared for a state of panic, however, I would argue that the farthest price that can be reached is $ 6500, and that has little potential. however, looking at today's prices, made me realize that the panic that happened was really great. I can't speculate anything, because right now the price could go down to $ 4k, or it can go back up to $ 6k.

It could bring the worst price to see just like the same on what happen on this year but what makes people get worried is when this things end up since we are still in recession state and almost all stocks is in bad shape right now but the same as you I'm hopeful to see a $6k price and this could change the game when it reached.

[Questat]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

Given what is happening (corona virus), it's not strange anymore. If bitcoin dump before below $4000 after the bull run when the correction is happening, the more we can expect it now that it will fall so I would not be surprise if bitcoin will fall further.

[STT]

I do consider it incorrect, the virus can be carried on paper notes and crypto is a natural alternative that might actually save peoples lives but it is decreasing anyway.    So what we are seeing is a sell off based on leveraged trades I think, both in crypto and other markets, people lose on their DOW market bet so they are selling some of the BTC to pay that bill.
   How far does that go and where does it settle each day, week or month bar even, its already past the boundaries of a normal sell.



Blue is yearly average and the bottom line is 200 weeks average, normally not crossed and the market decides if it will pass it now.

[Ruso21]

I wouldn't be saying "Panic" for the reason, it is more "Necessary" to sell.

who in hell would sell at low price when it didn't reach to the potential value?
people are running out of money what I can see.

[jhonjhon]

The panic continues, it looks like bitcoin is still not at dip right now, it could fall and currently its only trading below $6000, one of the worst fall of bitcoin in history and this is all attributed to the covid-19 pandemic. We thought bitcoin is a safe haven, but its not, people are panic everywhere so maybe they don't try to risk anything and put their investment in fiat.

It is really a strange move that BTC is now under $5000, fell very soon. So, the panic follows which we predicted to be happened. I see no reason behind this move other than people to be paniced seriously.

Given what is happening (corona virus), it's not strange anymore. If bitcoin dump before below $4000 after the bull run when the correction is happening, the more we can expect it now that it will fall so I would not be surprise if bitcoin will fall further.

With the continued decrease in price we can expect panic actions from investors which isn't suppose to happen but it's happening. Panic buying or selling does not only happen in the cryto world but even for goods, we can see panic buying because of the continuous spread of the Coronavirus. Anyways, I think will be having a very bad season for bitcoin.

[Japinat]

I wouldn't be saying "Panic" for the reason, it is more "Necessary" to sell.

who in hell would sell at low price when it didn't reach to the potential value?
people are running out of money what I can see.

I would not completely agree with this.

Maybe some runs out of money that's why they sell, that way we can say its a necessity.
However, majority who sells their investment I believe do it because they panic, and some just want to make sure they can profit from this panic, and they converted their btc into stable coin so they can buy bitcoin again at an even lower value, that's being smart of them.

[Kelvinid]

I have to say that more people are in panic than those who stay calm. Ain't wonder how it causes this emotion because we all are in the concern of our investment, our money in crypto and it all lies in the situation. Panic could be a terrible way of being out of having the right decision to make but we can't control their mindset, so we have no choice but to let them feel it.

[Ruso21]

I wouldn't be saying "Panic" for the reason, it is more "Necessary" to sell.

who in hell would sell at low price when it didn't reach to the potential value?
people are running out of money what I can see.

I would not completely agree with this.

Maybe some runs out of money that's why they sell, that way we can say its a necessity.
However, majority who sells their investment I believe do it because they panic, and some just want to make sure they can profit from this panic, and they converted their btc into stable coin so they can buy bitcoin again at an even lower value, that's being smart of them.

You didn't get my point.
We all know that most crypto market is located in China, since lock down it been 2 months and ongoing; some cities still in quarantine and tons of people can't move.
I have purchase orders with ETD problems due to lack of production, most of the factories are moving less than 30~40%. 1 of the biggest problem that I have now is the stock of transformer & battery, and they even haven't started to produce; So now you have an idea of the situation.

EU, America, etc. is facing the same problem; from the other hand... hotel closed, restaurant closed, entertainment closed, etc.
lot of people are not getting paid, so from where are they going to get the money to cover their expenses?
 
That's why I see more necessary than panic. Also if you panic because of the value, would you loose more than 25% invested because of the nasty drop? keep in mind the 45% of drop was less than 24 hrs

[Botnake]

I have to say that more people are in panic than those who stay calm. Ain't wonder how it causes this emotion because we all are in the concern of our investment, our money in crypto and it all lies in the situation. Panic could be a terrible way of being out of having the right decision to make but we can't control their mindset, so we have no choice but to let them feel it.

Bear in mind all the time that not everyone makes a good decision when it comes to crypto investing, there are some who succeed while there are some who also failed, and I am confident to say that those who panic are likely the ones to fail investing in crypto.

This is the times where our faith is being tested, we panic because of the global crisis without understanding that the situation is just temporary, if we can't hold at this time, then for sure we can't be strong enough to hold of a possible worst scenario than the current situation.

[Fesatmas]

That's the best strategy at this current situation.

However, I think bitcoin could drop further, I can still see the panic happening, if it will stay $3000, no one cares as long as you are believing.
More opportunity for cheap price if this will go down, so let's hope it will continue to dump as this is not permanent though.

I'm not sure bitcoin will go down to more than $ 3,000 because it's too low and nobody dares to sell that price, even if panic continues but they still have a concern to go up again some will go up again and go back to the original price maybe $ 9,000 in The next 3 months.

We need to see if this is an opportunity for us to buy more because analysts think bitcoin will continue to rise slightly and continue to crawl.

[Smitty Werben Man Jensen]

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?

before the corona virus pandemic in the world ends, panic sell will still occur, naturally this happens in crypto currency, especially before the MA 200 has not been reached, and now the MA 200 has been reached even exceeded, this is very dangerous if one more week the price of Bitcoin cannot be above the 200 MA then the decrease will continue

[The Sceptical Chymist]

If businesses keep closing and the stock market keeps sinking, I'm pretty sure bitcoin (and the entire altcoin market) is in for more pain, and it's not going to end until this viral outbreak gets under control.  These things tend to burn themselves out naturally, just like seasonal flu and other respiratory infections, but who knows when that's going to be--and right now everybody is panicked and cash is king.

But another panic?  I'd say the drop from $10k to $5k was the main panic drop, though I'm not confident that bitcoin couldn't fall even more.  It sucks to see the markets like this, but there's not much anyone can do except to take advantage of the lower prices.