Are we going to see another PANIC

[Onuohakk]

If it is impossible for bitcoin price to decrease to $5k, I will love it so that the weak hands can sell off their bitcoin. We that already has strong hands will acquire more of bitcoin.
This is a global challenge, only those that has strong resilient will make it hugely from crypto. Investing in bitcoin is like investing for the future. No amount of panic should arise to make you sell of your bitcoin assets for penny gains. Sell off when there's much profits

[STT]

When people say its impossible, it takes a step towards becoming more possible always seems like that way.    5k is on the edges but I've heard that recently as a projected price, the difference for actual damage would be for what duration.   As part of a spike, 5k is definitely going to be possible as sells exceed available buyers it can register prices and its a form of shock.   The market will recover sharp spikes, the bigger damage is when the price stays in the region of 6k or below and descends and unwinds itself until 5k and lower becomes a reality and people fear lower and so on.   
   We have got lax recently with going sideways but this happened before and it did go down so maybe or not but its possible imo.

[jostorres]

I do not think so, panic has already happened and it is already over, we are talking about a period where the price was going down so much but also there was a pandemic going around that made everyone stay at home. The virus is still out there but at least we are back to living like a bit normal, we are outside, we go to work, we go to school (well we will when it starts) and so forth, which means life is basically back on track once again, and that is how we will figure the world will be better economically since we are not all staying at home anymore. That means there should not be any panic anymore, we should be living probably a bit decent life. It is not going to be like it used to be obviously but I think we will be fine and that should mean no extra panic.

[Bezobraznike]

I do not think so, panic has already happened and it is already over, we are talking about a period where the price was going down so much but also there was a pandemic going around that made everyone stay at home. The virus is still out there but at least we are back to living like a bit normal, we are outside, we go to work, we go to school (well we will when it starts) and so forth, which means life is basically back on track once again, and that is how we will figure the world will be better economically since we are not all staying at home anymore. That means there should not be any panic anymore, we should be living probably a bit decent life. It is not going to be like it used to be obviously but I think we will be fine and that should mean no extra panic.

   Jostorres panic is not something that happens once and never again. Crypto-market is vulnerable like all other markets, and
I think we will have many more ups, same as we will have many more downs. It's inevitable in every process, nothing works
fine all the time, new problems emerge and strong projects will survive the test of the time, all upcoming problems. It's not
that we should run away soon as we see problems.

[Ridwan Fauzi]

      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.

I like your confident here and I thought you are long term investment right? It will be different for those investor who invest their money into bitcoin. For those investor who use money that they can afford to lose they will always confident whatever bitcoin price move especially when bitcoin price down. But for those investor who invest their money using money that can be use as their daily life I bet they will nog comfortable with bitcoin price movement. They will be afraid when bitcoin price down and they will sell immidietely when bitcoin price up.

[Arkann]

In my opinion, all financial markets are influenced by emotions and panic, and it happens all the time. And the cryptocurrency market is even more influenced by these factors due to its volatility. In addition, a large number of cryptocurrency users show fear and greed, to which the entire cryptocurrency market reacts very strongly. Therefore, you should not think that everything has already stopped and you can only expect a positive development of events in the cryptocurrency market. There are still many different situations awaiting us.

[Sebas.tian]

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

If only it were as simple as you say. Trading bots do not always bring you profit.

You are correct, many individuals thought the bot to be some good god for hunting the cryptocurrency trading platforms, this doesn't give anyone any assurance of making profits but it's likely to make anyone lost in some cases. Doing your own trading will be better than using the programmable bots to trade. Trade yourself and don't use bot to trade for profits, this is unrealistic sometimes.

[bitgolden]

Panic could happen at any time in bitcoin world, we are going to live through panic probably a hundred times in the next 10 years, that is just a natural part of bitcoin world and that is not something we can stop. People just see the price go down a bit and suddenly they all start selling their coins. I would say that panic is not a problem and I think the smartest decision would be and that is why there is no need to get angst about all the potential panic that will happen in the future.

Just focus on what we can do during those panic times and you would actually make a profit. If you see price going down 50% lower or anything similar (anything under 30% would be fine) and you could just buy up as much as you can and in the end you will just wait for it to go back up and make a ton of profit.

[Natalim]

Panic could happen at any time in bitcoin world, we are going to live through panic probably a hundred times in the next 10 years, that is just a natural part of bitcoin world and that is not something we can stop. People just see the price go down a bit and suddenly they all start selling their coins. I would say that panic is not a problem and I think the smartest decision would be and that is why there is no need to get angst about all the potential panic that will happen in the future.

The price of the crypto (decentralized coins) are volatile but it doesn't need it will cause a panic every time it will dropped, over time as adoption increase, I believe people will be smarter and they'll mature, so they will understand the nature of the market and they will know how to handle themselves and make the right decision.

Just focus on what we can do during those panic times and you would actually make a profit. If you see price going down 50% lower or anything similar (anything under 30% would be fine) and you could just buy up as much as you can and in the end you will just wait for it to go back up and make a ton of profit.

Like I said, if they'll mature, they would do the right thing, so most probably that 50% dropped would not happen most of the time, it could be a rare occasion only.

[ReiMomo]

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

If only it were as simple as you say. Trading bots do not always bring you profit.

You are correct, many individuals thought the bot to be some good god for hunting the cryptocurrency trading platforms, this doesn't give anyone any assurance of making profits but it's likely to make anyone lost in some cases. Doing your own trading will be better than using the programmable bots to trade. Trade yourself and don't use bot to trade for profits, this is unrealistic sometimes.

Call me unrealistic but I still prefer using a trading bot. But of course, I won't rely on my trading activity on trading bot only.
A trading bot is good if you know how to set up the stop-loss strategy and most especially placing your order without monitoring the market, a trading bot would be helpful in this way.

Speaking of the panic sellers, we can't blame them if they will easily get panic selling. One thing for sure, they will regret when they'd panic and sell bitcoin at a lower price they purchase.

[lienfaye]

In my opinion, all financial markets are influenced by emotions and panic, and it happens all the time. And the cryptocurrency market is even more influenced by these factors due to its volatility. In addition, a large number of cryptocurrency users show fear and greed, to which the entire cryptocurrency market reacts very strongly. Therefore, you should not think that everything has already stopped and you can only expect a positive development of events in the cryptocurrency market. There are still many different situations awaiting us.

I agree, the  market is reacting based on our decision. If we panic and sell our assets it will reflect to the market, thats why when the virus became a worldwide problem many investors panic sell maybe because they think the market will crash and to prevent losing further, they sell. On other side some sell because of lack of savings to spend, though its not their own will, but no choice is left during this trying times. Nevertheless we already surpassed those months of struggling market so lets look forward for whats ahead.

[Oilacris]

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.

There are already lots of scenarios that looks like this and people do keep telling that it would  gonna die.
https://bitcointalk.org/index.php?topic=5077739.0
https://bitcointalk.org/index.php?topic=5084185.0
https://bitcointalk.org/index.php?topic=1329871.0

[coinfinger]

After having solid holding above $9000 levels, I believe there will be very less chances for any investor/holder of bitcoin to get panic against pandemic by considering the times of halving happened within the time frame of two months. I mean even those hesitating people might have gained confident on bitcoin market to continue their holding regardless of bitcoin market's failure to break its biggest psychological resistance level around $10,500.

I believe market will be getting ready for another strong rally which will be testing $9800 level in short-term and then $10,300 levels if it is able to hold around $9800 levels. It means there are less to no possibilities for another round of panic selling to be happening with respect to current world economy scenarios.

[Silberman]

If it is impossible for bitcoin price to decrease to $5k, I will love it so that the weak hands can sell off their bitcoin. We that already has strong hands will acquire more of bitcoin.
This is a global challenge, only those that has strong resilient will make it hugely from crypto. Investing in bitcoin is like investing for the future. No amount of panic should arise to make you sell of your bitcoin assets for penny gains. Sell off when there's much profits

Most likely the reason we are not going to see another panic is that after the crash we saw in March most of the weak hands got out of the market and now those that remain are strong hands that are very comfortable with their bitcoin holdings, this is why the price seems to be trapped and does nothing, it cannot go up because the circumstances do not allow it but it does not go down because no one si going to sell their bitcoin now.

[Entei]

The panic up to a certain point in history has hurt the market but over the years this crucial factor has shown that it can help in maintaining and developing the market. However, the figures can be reliable up to a point, but a political movement by a government can change the market value affecting all investors.

The question is: Should we worry or surf the wave?

[bitbunnny]

I don't see any reason for panic. Price is for a longer period of time staying in more or less same range and at the moment I don't see signs for bigger price dump. Some minor corrections will probably happen but I don't think thdt will cause some bigger range panic selling. Although for some price going under 9000$ might be the alarm.

[Republikcoin.com]

I don't see any reason for panic. Price is for a longer period of time staying in more or less same range and at the moment I don't see signs for bigger price dump. Some minor corrections will probably happen but I don't think thdt will cause some bigger range panic selling. Although for some price going under 9000$ might be the alarm.

Well, I didn't see that signal either. but I still hope that at the end of this month there will be panic buying that makes the price of bitcoin and ethereum go up. this will trigger an increase in other cryptocurrencies. however, there is currently no reason whatsoever to see people panicking to sell, even prices are currently stable amid a pandemic.

[Questat]

however, there is currently no reason whatsoever to see people panicking to sell, even prices are currently stable amid a pandemic.

That's the good thing about crypto, it move differently compared to the stocks movement. If the pandemic remains this year, I think we can expect that bitcoin will also remain to be stable this year, and with my years of stay in crypto, this will be the first time I will see bitcoin so stable.

[Raflesia]

however, there is currently no reason whatsoever to see people panicking to sell, even prices are currently stable amid a pandemic.

That's the good thing about crypto, it move differently compared to the stocks movement. If the pandemic remains this year, I think we can expect that bitcoin will also remain to be stable this year, and with my years of stay in crypto, this will be the first time I will see bitcoin so stable.

I really believe that bitcoin will be more stable in the future, even though the pandemic still exists, the crypto market will not collapse anymore. Investors already believe that bitcoin will be more stable looking at the current movement, we already know this is the best way to invest in the long run. .

If you have known bitcoin for a long time, you will believe in the price that will recover like the year before, because true trust brings us good opportunities.

[Silberman]

The panic up to a certain point in history has hurt the market but over the years this crucial factor has shown that it can help in maintaining and developing the market. However, the figures can be reliable up to a point, but a political movement by a government can change the market value affecting all investors.

The question is: Should we worry or surf the wave?

And after just a week you have gotten your answer, bitcoin has finally began to move and today is moving as it has not moved in months, this could be the opportunity you have been waiting for to make money in the markets but before you do anything make sure that you have a well defined strategy and that whatever money you are thinking of investing in the market is money you can afford to lose otherwise you are going to go terrible problems if you happen to lose that money as it happen to so many traders.