Are we going to see another PANIC

[amishmanish]

Its not staged, people are really dying.  Thats the next step in any panic, the reality of deaths distributed across multiple populations of the world.     Any really big move, either a panic to downside or the parabolic curve of a market that has doubled or more comes with a bull whip effect.   The fastest and most volatile stage to the move is in the tail end, the cumulative cycle of the event results in volume selling that should peak in the turning point.
  Possibly we've seen that, as cash sees QE it may help Bitcoin to be a more certain standard of exchange but also possible people still sell out of crypto to buy real goods due to the drastic alteration of the economy for people.  

   So what I take from that is short term we can see selling exceed buying which means price weakness, its not absolute reason to be negative on Bitcoin but people do need real world goods and even at best BTC is the exchange of virtual security so in that contrast we can see weakness still imo.

Agree that we cannot call this staged in the name of anti-authoritarianism or the deep-state conspiracy theories of Trumpers. People are dying and they need to stay  indoors as well as manage social distancing for any chance of a normalized society till a vaccine is discovered. We have never seen anything like this before and not many "experts" alive today have the experience to manage this. People are going to be dependent on their family, community and city for a considerably long time (2-3 months) everywhere that the virus takes root.

When you say that people will continue liquidating BTC for real world goods, i think that is a time still far off. Most people would probably first dig into their existing savings, paychecks or the govt handouts. Everyone should realize that we are all in this together and shouldn't take the survivalist approach of buying off everything they can and have as much cash and gold they can have in case everything turns into zombieland. If we see that level of societal breakdown, well then, wouldn't be much of a point to talk about electronic cash.

i think and hope that this level of mis-governance would not happen. Even then, it is never too late to build a fence and grow some vegetables in your backyard.

[Finestream]

Things like this won't be out, it for sure there are still a lot of people who will sell their Bitcoin at any time.

I guess they are done selling, bitcoin now is not anymore dumping, it's stable now, back to where it recovers and who knows, bitcoin might hit $7K by next day.

But forget about these people, they don't know what they doing. Only they think about saving their own (but not actually it works) and not helping the market to recover. Moreover, there is something we can't do about them and they are just passing investors and in the future, they're still be quitting in crypto.

In a market in order to progress, there are people who will have to sacrifice and that's the newbie as they usually panic, but their rule will not be permanent as eventually they'll learn and mature.

[Dr.Osh]

Things like this won't be out, it for sure there are still a lot of people who will sell their Bitcoin at any time.
But forget about these people, they don't know what they doing. Only they think about saving their own (but not actually it works) and not helping the market to recover. Moreover, there is something we can't do about them and they are just passing investors and in the future, they're still be quitting in crypto.

surviving in this state is indeed very difficult. it's normal to see dump prices, people will think of dump dumps, and that makes people panic. to be honest, I feel that some people have sold their assets because of that. Well, I even thought about that. although I still survive in this situation, but I always think of a dump that could happen. but, I always control myself so I don't panic

[KTChampions]

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

[$crypto$]

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

At present the epidemic is still difficult to overcome, even local authorities are unable to overcome the panic, even when there is a looting in various mini markets because they have difficulty in getting or food, then handling this will be more complicated.
crypto maybe as well as panic there will certainly be they will sell for the needs in surviving this epidemic could it be that crypto will continue to progress even though covid-19 continues to expand and get worse? or this virus will disappear on its own? maybe

In my opinion crypto is still not showing itself so if this epidemic does not occur maybe at the time of going to halving like this has soared.

[Viscore]

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

That's another scary thing, what would they announce then, when big the world declared that covid-19 has become a pandemic, bitcoin dump for awhile but it has then slowly recovered, so if the world would say they give up, it's like the end of humianity, I don't think there will be another announce like that.

[Hypnosis00]

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

That's another scary thing, what would they announce then, when big the world declared that covid-19 has become a pandemic, bitcoin dump for awhile but it has then slowly recovered, so if the world would say they give up, it's like the end of humianity, I don't think there will be another announce like that.

They're gonna be losing their hopes and forget about crypto. They are much looking how to survive and so they have to sacrifice their crypto-asset at this time. Panic selling can't be stopped nor to encourage people not to sell either. The war against COVID-19 gets stronger in the other country and that it pushes people to make an unwanted decision even they have to lose.

Anyway, this is not the ending scheme for crypto. They could still have it back once the market cleared and when the spread of coronavirus flattened.

[dunfida]

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

That's another scary thing, what would they announce then, when big the world declared that covid-19 has become a pandemic, bitcoin dump for awhile but it has then slowly recovered, so if the world would say they give up, it's like the end of humianity, I don't think there will be another announce like that.

They're gonna be losing their hopes and forget about crypto. They are much looking how to survive and so they have to sacrifice their crypto-asset at this time. Panic selling can't be stopped nor to encourage people not to sell either. The war against COVID-19 gets stronger in the other country and that it pushes people to make an unwanted decision even they have to lose.

Anyway, this is not the ending scheme for crypto. They could still have it back once the market cleared and when the spread of coronavirus flattened.

When everything goes back to normal then its just natural for people to go back into their normal lives which includes investing.
For now btc price is still tanking somewhat in spite on the current condition of the world.Its true that most people now are prioritizing on how
to survive thats why it isnt surprising that they would do things even selling on loss or panic sell would happen because living is what most
important or the priority and we wont surely bother if we are on loss or profits in terms of investment.

[btc78]

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?

we really did just right after 3 days of posting this mate,in March 12 the market drastically fall into a record breaking dump.

more than 50% within nearly a day?this is really not normal and no one expected this,actually even me hesitates to believe until the value of Bitcoin falls 4k level lol.

[KnightElite]

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

That's another scary thing, what would they announce then, when big the world declared that covid-19 has become a pandemic, bitcoin dump for awhile but it has then slowly recovered, so if the world would say they give up, it's like the end of humianity, I don't think there will be another announce like that.

They're gonna be losing their hopes and forget about crypto. They are much looking how to survive and so they have to sacrifice their crypto-asset at this time. Panic selling can't be stopped nor to encourage people not to sell either. The war against COVID-19 gets stronger in the other country and that it pushes people to make an unwanted decision even they have to lose.

Anyway, this is not the ending scheme for crypto. They could still have it back once the market cleared and when the spread of coronavirus flattened.

There will be another panic selling if there will be another bad news but panic selling can be avoid specially if we have good risk and management. How do I say so? Those professional traders are not panicking because they know what they are doing, they have strategies and set of skills that they are using to avoid panicking and to make money in this bearish trend. Everything will go back to normal if the virus will stop spreading and it is the time where the market will start recovering.

[kotajikikox]

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 recommend using trading bots for trading on cryptocurrency exchanges, since it is almost impossible to predict the BTC rate.

So what is this?Trading Bot when the question is about panicking?nice try lol.

seems it's not starting at least not this half a year

It already happens last march lol.

It seems to me that the probability of panic in the traditional sector is very high next week: we see too disastrous figures for the rate of spread of the coronavirus. Sooner or later, the authorities admit that they are not able to defeat the epidemic and it remains to wait for it to end naturally (while doing great damage to humanity). At this point, panic will be in all areas, including in the crypto.

But it doesn't happen ?because in April Bitcoin and other cryptocurrencies take their Move up again and until now there is no coming panic.

[arwin100]

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 recommend using trading bots for trading on cryptocurrency exchanges, since it is almost impossible to predict the BTC rate.

Impossible to predict but if you are careful with your trades then provably you will earn with it but if you trade with no proper thinking or lets just say you are greedy then I think you will lose the capital for your trade and although trading bots is helpful in short term still doesn't give any guarantee to you to continuously earn and I prefer to do manual since I can study the market on what path it will go today.

[Botnake]

seems it's not starting at least not this half a year

We have already passed the first half of the year with flying colors.
Bitcoin had its dip in the first half of the year but we were able to see some good recovery and bitcoin is quite stable now.

The first half is more crucial and I think we can expect some good news in the next half that could make bitcoin bullish, however, if there's a panic, it could happen but I'm sure the market will survive as we have been in many situations like that already.

We can also read some bullish predictions from experts.

https://news.bitcoin.com/popular-analyst-reveals-new-bitcoin-pricing-model-prediction-suggests-bullish-run-a-month-away/

https://www.cnbc.com/2020/02/03/strategists-stick-with-their-bullish-2020-target-despite-coronavirus.html

[Natalim]

seems it's not starting at least not this half a year

We have already passed the first half of the year with flying colors.
Bitcoin had its dip in the first half of the year but we were able to see some good recovery and bitcoin is quite stable now.

The first half is more crucial and I think we can expect some good news in the next half that could make bitcoin bullish, however, if there's a panic, it could happen but I'm sure the market will survive as we have been in many situations like that already.

We can also read some bullish predictions from experts.

https://news.bitcoin.com/popular-analyst-reveals-new-bitcoin-pricing-model-prediction-suggests-bullish-run-a-month-away/

https://www.cnbc.com/2020/02/03/strategists-stick-with-their-bullish-2020-target-despite-coronavirus.html

I am also bullish in the 2nd half of the year, well, the fist half was really challenging, but we were able to surpass that challenge and crypto now is just sitting at the right spot since it's already stable, but this should not last long as the market is bound to move due to its volatility in nature.

What surprised me this time was there are some altcoins already pumping, for example dogecoin, so let's see if we would see more to follow.

[Mahanton]

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 recommend using trading bots for trading on cryptocurrency exchanges, since it is almost impossible to predict the BTC rate.

Impossible to predict but if you are careful with your trades then provably you will earn with it but if you trade with no proper thinking or lets just say you are greedy then I think you will lose the capital for your trade and although trading bots is helpful in short term still doesn't give any guarantee to you to continuously earn and I prefer to do manual since I can study the market on what path it will go today.

Manual trading is much more preferable but when on times like these where market is somewhat stagnant then automate trading isnt really that a bad idea.

Price is indeed impossible to predict thats had been always the question since from the beginning.Lots of factors that would really affect price movement
neither news or technical stuffs.Panic is just a casual thing thats why as a trader or investor you should really be careful on doing trading decisions
and never ever make greedy decisions basing up on rumors or false calls.

[ultrloa]

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 recommend using trading bots for trading on cryptocurrency exchanges, since it is almost impossible to predict the BTC rate.

Impossible to predict but if you are careful with your trades then provably you will earn with it but if you trade with no proper thinking or lets just say you are greedy then I think you will lose the capital for your trade and although trading bots is helpful in short term still doesn't give any guarantee to you to continuously earn and I prefer to do manual since I can study the market on what path it will go today.

Manual trading is much more preferable but when on times like these where market is somewhat stagnant then automate trading isnt really that a bad idea.

Price is indeed impossible to predict thats had been always the question since from the beginning.Lots of factors that would really affect price movement
neither news or technical stuffs.Panic is just a casual thing thats why as a trader or investor you should really be careful on doing trading decisions
and never ever make greedy decisions basing up on rumors or false calls.

People prefer in different methods but what most important there is they just make sure that they will stick their heads on the computer so that they will not lose once market go crash. Monitoring still the key for everything in trading so people should not be calm and rely to much since they might lose in their trade if they will really on automation or either waiting for high pumps.

[Savemore]

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 recommend using trading bots for trading on cryptocurrency exchanges, since it is almost impossible to predict the BTC rate.

Impossible to predict but if you are careful with your trades then provably you will earn with it but if you trade with no proper thinking or lets just say you are greedy then I think you will lose the capital for your trade and although trading bots is helpful in short term still doesn't give any guarantee to you to continuously earn and I prefer to do manual since I can study the market on what path it will go today.

Manual trading is much more preferable but when on times like these where market is somewhat stagnant then automate trading isnt really that a bad idea.

Price is indeed impossible to predict thats had been always the question since from the beginning.Lots of factors that would really affect price movement
neither news or technical stuffs.Panic is just a casual thing thats why as a trader or investor you should really be careful on doing trading decisions
and never ever make greedy decisions basing up on rumors or false calls.

Trading with ourselves or what they called Manual trading is more good to use than any types of bots. For me the other traders have a mindset of getting rich quickly and it is the reason why they prefer to use bots than to trade with their selves. There are now lot of past studies saying that bots are not profitable.

Do not also expect that professional traders are using bots because all of them are doing manual trading and they are constantly earning and making profit from it. We can handle panic in the market if we will do manual trading with proper risk management.

[STT]

Panic is the right word but we have a rising trend of volatility, the current events dont make me think we've seen the end of that despite the recovery in BTC much is left to answer.     10k is perfectly rate for BTC, we dont have to be negative to then say if 10k is full some might have over speculated and sell which leads into shorter term weakness and that can be the story for most of this year.     Dollar itself is becoming unstable I think, we have the election this year and again the events with this virus make a change of administration more probable which is volatility.

[Vatimins]

      Well, if it happens it happens. Been here quite long and have been seeing almost the same things happen almost every time in bitcoin. Even in other coins this thing happens a lot but not as big as how it happens to bitcoin. I just try to brush it off and sell whenever I feel like it and buy later. The only thing that saves me every time is the profits that I save up every time. Although going all in is quite tempting, I've learned my lesson already several times. So just don't worry too much about it if you haven't invested life savings on bitcoins. Because times like these always come and go. In fact, I am quite optimistic for the price of bitcoins this coming months near year end and the very first months next year because these are the times when bitcoin moves a lot which is quite thrilling.

[Kong Hey Pakboy]

      Well, if it happens it happens. Been here quite long and have been seeing almost the same things happen almost every time in bitcoin. Even in other coins this thing happens a lot but not as big as how it happens to bitcoin. I just try to brush it off and sell whenever I feel like it and buy later. The only thing that saves me every time is the profits that I save up every time. Although going all in is quite tempting, I've learned my lesson already several times. So just don't worry too much about it if you haven't invested life savings on bitcoins. Because times like these always come and go. In fact, I am quite optimistic for the price of bitcoins this coming months near year end and the very first months next year because these are the times when bitcoin moves a lot which is quite thrilling.

I am also here for three years, and it is quite normal for bitcoin and other cryptocurrencies to make an unpredictable movement to its market price. That is why I always keep in mind to don't panic and not to worry, even bitcoin's price makes a sudden downfall or goes to bear market because I always believe bitcoin could get back up soon, and there is always a perfect time to sell our bitcoins.