Don’t Panic

[tokeweed]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

[1715205263]

1715205263

[1715205263]

1715205263

[1715205263]

1715205263

[1715205263]

1715205263

[hisslyness]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

Bear Trap!..

Keep HODLING! Nothing to see!

[AB de Royse777]

I’ve seen this twice before...

I lost count lol
Well when you are with crypto to be specific in bitcoin for long time then you should have seen it all. The major events that happened in 2017 when Bitcoin price reached a new ATH of $19k+ and now it's happening again but this time we crossed $41k. No one knows if this is the highest we gone for this run or still we have a lot to see.

However one thing is for sure, if you hold your bitcoin then you are never going to miss a bull run. We all expect bitcoin to reach $100k or $1m but if you sell out at $30k then do you deserve $1M?

I sold some of my coin few days ago but that was only a small portion that I can afford to lose.

[BrewMaster]

it is a bit late to say that because i think the panic sellers already panicked and sold as much as they could. we are currently on that sweat spot where price has reached another strong buy support and the size of the drop is 28% which is THE bottom for the panic sellers to run out of bitcoins to dump.
we are probably going to see 3 or 4 days of staying around this price before the slow rise begins and within a week the panic sellers become panic buyers.

[Raflesia]

Bear market and all panic 

Keep thinking clearly in this case to minimize losses due to current falling prices, this is within one day that bitcoin drops by 10k, of course many will panic and even sell (cut los).

I hope this is not sustainable. We will see in the future how the reaction will occur if we calm down and don't panic too much, it is likely that this decline will not be more severe.

[aoluain]

Absolutely no panic here, have seen this countless times.
My mindset in times like this is Bitcoin is on S A L E.

Always handy to have some FIAT lying in waiting to pounce
on a price which might not happen again.

New comers to the Bitcoin area will have to learn this, also
the big investors will have to learn not to panic when there is
a 10% + drop, they wouldnt be used to that much of a shift
with their FIAT based assets.

[ene1980]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

I wish the market will not bounce back this soon, i wanted to see a major correction before the next rally  . I have seen the markets in the past and there was a correction always before the big rally and this time around we did not see that and instead the market was rallying without any breaks and breaking all the resistance with ease.

[thecodebear]

I feel sorry for anyone panic selling. I got a tiny buy order hit at $33k. And I might throw some more money from bank account into Bitcoin today or tomorrow if it is still down around $30k.

This is very healthy for the bull run. Market gets to find the bottom and see that it's much higher than the price was even just a month ago. Plus supply moves from weak hands who were hoping to make a quick buck to strong hands that will hold through future dips like this. Plus current bitcoiners and new entrants won't get scared off just by looking at recent charts. This correction probably fuels Bitcoin to $70k-$80k in the Spring.

If a correction was going to happen anytime soon it was going to happen in January. Had 400% run up the past three months, plus Grayscale ~$300 million weekly buys are gone this month. In two weeks when Grayscale starts buying again, price probably already will be mostly recovered and then add in Grayscale and we're hitting new ATHs in Feb again. Plus right now for the institutions that already started building small positions in Bitcoin the past few months, if they're smart they're sucking up a lot of this cheaply sold bitcoin to build their long term positions larger at cheap prices.

People who panic are the people who lose. If you're smart you're buying right now.

[Wysi]

Yes we have seen this before and what I would suggest we were here is that hold on to your Bitcoin by setting up a lower limit of 5% at the value drops five more than present then please go ahead and sell it off by this way you get one more opportunity to earn profits if the value increases. But I don't think it's everyone's cup of tea, now Bitcoin has got more attention from media house and even a slight drop triggers FUDs to go bonkers and if Bitcoin crashes back by more than 50% then it will definitely tamper bitcoin's image.

[tokeweed]

I’ve seen this twice before...

I lost count lol
Well when you are with crypto to be specific in bitcoin for long time then you should have seen it all. The major events that happened in 2017 when Bitcoin price reached a new ATH of $19k+ and now it's happening again but this time we crossed $41k. No one knows if this is the highest we gone for this run or still we have a lot to see.

However one thing is for sure, if you hold your bitcoin then you are never going to miss a bull run. We all expect bitcoin to reach $100k or $1m but if you sell out at $30k then do you deserve $1M?

I sold some of my coin few days ago but that was only a small portion that I can afford to lose.

I meant the two big ones that ended the trend going up after 2013 and 2017.  I could be wrong.  I mean sure this run could go up to a mil for all we know but just saying...  If some of you guys are spooked, just relax.  Wait for that bounce to come if you really intend to sell.

[francois-cooper]

Usually, when I decide to sell, it just goes straight north 
So I will just HODL

[zanezane]

Yes we have seen this before and what I would suggest we were here is that hold on to your Bitcoin by setting up a lower limit of 5% at the value drops five more than present then please go ahead and sell it off by this way you get one more opportunity to earn profits if the value increases. But I don't think it's everyone's cup of tea, now Bitcoin has got more attention from media house and even a slight drop triggers FUDs to go bonkers and if Bitcoin crashes back by more than 50% then it will definitely tamper bitcoin's image.

The reason for the price drop is just miners selling their inventory and this is just a panic in the spot market, the price will slowly bounce back and I think that many institutional will still be buying more bitcoin after this, to me this is just a hiccup. Don't be dragged by the FUD people, the vultures want the panic, that is the most sensational news for them.

[AB de Royse777]

Usually, when I decide to sell, it just goes straight north 

Common feeling and I think more or less everyone in crypto or in trading feels the same. If more of psychological. The market is moving by following it's own rules. It does not care about anyone of us. :-D

Yap! HOLD is the best always.

[GreatArkansas]

Agree with this meme . A lot of people got panic with the recent dump of Bitcoin from around $4x, xxx.
We can't blame those weak hands especially if they are first-timers to experience this bullish run of Bitcoin. Taking profits is always a good decision if you are a trader or even an investor.

[LogitechMouse]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

I've seen this many times already.
Bitcoin go down a few dollars, many people are selling, many people are panicking.

OMFG just hold Bitcoin so you will not have more stress . Remove notifications in your phone and don't try to view the market so you will not panic.
Laughed a bit on Lawl. Eksdee .

[tokeweed]

^  By twice I meant the sell downs that started 2013 and 2017’s trends down.  Now I’m not saying the bull market is over.  But just by the way it looked as the huge sell down was happening a couple days ago, I had that impression.  But the long bottom wicks shows that there’s lots of buying at the daily lows.  So it’s prolly safe for some dip buying.

[Quidat]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

It doesnt matter on where it would go because people would just simply react basing up on their emotions and making further actions after that.
Fucked up? That would only be known when we are already there but to know that market will always make up some recovery after some price correction.
Some already said that this is a bubble burst but to think that the price is holding strong at the moment.We cant just see a market that would only
make out some continous rise without any corrections or pullbacks.People cant really just forget on how the market did move in the past
which i cant really blame them though.

[pugman]

I feel like the current surge has caused enmass outbreak for people who still didn't bother to invest in bitcoin before, people are waking up lol. I just see people saying they regret not investing at x period of time everywhere and its funny because they are like the anti-vaccine moms of the crypto community.

I’ve seen this twice before...

I lost count lol
Well when you are with crypto to be specific in bitcoin for long time then you should have seen it all. The major events that happened in 2017 when Bitcoin price reached a new ATH of $19k+ and now it's happening again but this time we crossed $41k. No one knows if this is the highest we gone for this run or still we have a lot to see.

However one thing is for sure, if you hold your bitcoin then you are never going to miss a bull run. We all expect bitcoin to reach $100k or $1m but if you sell out at $30k then do you deserve $1M?

Word.

People still think crypto and stock market function the same. Boy by the time they figure out its not the case their nutsack is going to be fuckin a dry honeycomb by then. History of 1929 and 2008 is going to repeat itself. 100%.

[Wulan_maniez]

Panic will only make bitcoin lower and you lose some of your money, so try to calm down and not make the price
fall further, because this whales want to buy back at low  prices. losses  belong only  to those who  frantically sell.
After this the price will go back up, usually it will happen.

[milewilda]

Panic will only make bitcoin lower and you lose some of your money, so try to calm down and not make the price
fall further, because this whales want to buy back at low  prices. losses  belong only  to those who  frantically sell.
After this the price will go back up, usually it will happen.

If you are just a small trader or investor then panic sell of yours doesnt really affect much unless the masses would able to do so.For people who had been on this market
or already been a while then theyre the ones who have seen the goods and the bads of this market and they already get used to it.Humans are emotional
and its just normal for us to feel when we do see that the price is dumping down.Comitting mistakes in the past did really give out some significant learning for us
to be able to prepared on whats next in the future.