Don’t Panic

[TravelMug]

Let them panic, Lol, those who are pushing the sell button are just giving away their bitcoin at a discount for others to scoop it up. Currently though, the market hasn't bounce back yet, but this is a good opportunity to buy bitcoin again as we have also seen that this kind of dip will likely resulting to the price going up in the next coming weeks, probably $50k might be in the horizon for all of us.

$32k-$33k, goo price for those companies and institutions to get into the action and keep their bitcoin reserves to grow even more.

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[inanilujimi]

even I have seen things like this over and over again, only those who are strong will be the winners, if you have more money why panic and it's better to choose to buy again.
don't include emotions when investing but use your common sense.

[STT]

I expect another high before any greater sell and that high could actually exceed the previous ATH which is surprising when the sell remains possible also.    Right this moment there is a downtrend in play and some lapse in momentum has below 2 day and weekly measures.  



Trend I drew in was on the daily and appears messy on 1hr bars but its fair in an average way as we have resolved to the downside for a few days.   My downside target is about 27k for this moment.

[sunsilk]

If it doesn’t...  We’re f*cked anyway.  Lawl.

We won't be ending up on this. 

We knew where it's going and even if it drops a lot, we're still on a higher low by that time. The lesson for those buying at the top is still there that they should never panic if they see the price isn't going according to their plan.

So I will just HODL

100% proven and has always been effective during these times. Panic selling has never been a solution unless for those who just bought and got 1%-5% stop loss and want to secure their money back.

[Saisher]

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.

We can only use could and might when the market is making a dip when the market is doing great suddenly make a turn, I will recommend that they sell for profit if they are comfortable with the profit, I have high hopes that it's not going to go down the $30 k level we have the momentum and the momentum will not just go away.

[traderethereum]

Stay calm down will be necessary when the market is down to prevent from fast selling and getting lost of the profit.
Maybe it is hard to do, but there is no other way to do except patience and wait for another time.
I am sure we will have a chance to sell at a better price because bitcoin price will be back to increase, and hopefully, that will be up to $41k.
Panic selling will be the way to lose the money quickly, so we should have patience and calm down.

[maxreish]

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.

If they can't wait and planning to sell off because they are having a fomo feeling, well they'll regret it when it bounce back. However, it is still their decision to take off some profits when btc price drops worrying it will repeat the history before that it may dump to below $10k level and hard to pump again.

[PhoenixZephyrus]

This is just history repeating itself. I'm seen this all over again, after 2017-18 rise/drops. It was expected tbh, the rise from $30K to $40K was massive, and there was bound to be a correction/price drop sooner rather than later. I would suggest holding it for a longer time and ride the curve out, and especially if you bought at ~$20-35K, I would say wait it out before selling, ride the curve, there will be a rise back sooner rather than later. This always happens during abrupt rises. Don't think about cutting losses right now I'd say, I'm pretty sure you are bound to profit if you wait it out, as the price will rise back up faster than in previous years, due to increasing awareness and stuff.

And thats not counting the chance that if Elon Musk mentions it on Twitter, recommending it, then it will definitely surge lol 

[raskolnikovx]

These drops happen in a way people will not run to sell massively. I always think of the "frog not panicking in water gradually getting hotter and hotter until it boils" analogy. The Bitcoin price behaves like that: it goes down a lot, you feel the heat, then it goes up a little so you think "oh, it might be a correction and then we go to 50k", then it drops a bit more, and so on and so forth. You get the point ...

To me what matters is that these skyrocketing prices are always lead by whales pumping to get others onboard per FOMO, and then selling high. We don't have that much money nor know when they will decide to sell and take profit. All we can do is to take some profits while we see it going up. Time will tell if this huge drop was just a correction on the shortly coming way to new ATH or the highest point we will see for some years ...

[error08]

LoL, I don't panic when the price fall but FOMO when bitcoin rise, can't resist the temptation to sell in fear of the price drop afterwards. Preserve the profit in case of a panic-sell may occur.
However, the price isn't so easy to predict, we thought a point is a peak but it turned out to continue to increase.

[JimboToronto]

Weak hands sell. Strong hands buy.

The rich get richer and the poor get poorer.

[kentrolla]

We can't blame those who sold in panic because the drop was too big, but BTC is playing tremendously from 30-32k trust me we can even make short term profits as well. I think BTCs resistance might be 40k if it breaks then next thing could be a big one, However the market twist has started and anything is possible.

Long-term holders don't even care but people who are really worried are short-term holders and newbies, guys think and react according to the market situation don't lose your hard earned money have patience.

[RealMalatesta]

This is just history repeating itself. I'm seen this all over again, after 2017-18 rise/drops. It was expected tbh, the rise from $30K to $40K was massive, and there was bound to be a correction/price drop sooner rather than later. I would suggest holding it for a longer time and ride the curve out, and especially if you bought at ~$20-35K, I would say wait it out before selling, ride the curve, there will be a rise back sooner rather than later. This always happens during abrupt rises. Don't think about cutting losses right now I'd say, I'm pretty sure you are bound to profit if you wait it out, as the price will rise back up faster than in previous years, due to increasing awareness and stuff.

And thats not counting the chance that if Elon Musk mentions it on Twitter, recommending it, then it will definitely surge lol 

When the price increased so much just in the recent one month, I would suggest people who didn't bought literally just a week ago, to just wait it as well. Why do people make such a big fuss about this drop, it is not even 20% right now, it is like less than 10% drop and considering anyone who has ever bought bitcoin more than one month ago would be in a huge profit right now, people should not overreact to what the price is right now.

If it was 40k for years and dropped I would understand but it wasn't that big neither, it was literally just a small number that went to this price so everyone should be happy. I guess when you earn so much money from something, you want to see more of it and when it stops people just get angry because they want to make more and more of it constantly without stop, it is a psychological thing more than anything I suppose.

[STT]

Being bearish in a bullish market means you should expect to be wrong on every idea and probability as even if correct short term the trend resolves to the longer term time frame.   Market does have a bullish trend which its exceeded and become exponential in its look, to speculate when that might end or reset is again hard to do.    However we do appear to be moving higher with lower volume here, though this might vary by exchange so I venture this as a working idea rather then a conclusion and mostly thats my process anyhow.



  Someone said the best ideas are drawn with crayons so with no shame I stay simple in that respect :p      Not sure if we are due a further revision in the range down to 30k then perhaps or it can just resolve over time also not just price.

[Wind_FURY]

We can't blame those who sold in panic because the drop was too big, but BTC is playing tremendously from 30-32k trust me we can even make short term profits as well. I think BTCs resistance might be 40k if it breaks then next thing could be a big one, However the market twist has started and anything is possible.

That should be enough to warrant why we must stop convincing family and friends to buy Bitcoin for now. That would be irresponsible in my opinion.

Long-term holders don't even care but people who are really worried are short-term holders and newbies, guys think and react according to the market situation don't lose your hard earned money have patience.

Long-term HODLers who BOUGHT BELOW $20,000 don’t care. They are comfortable.

[exstasie]

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.

Awww, how sweet of you tokeweed, posting the obligatory "don't panic" thread for newbs! Heart warming stuff.

I would have kept quiet if I were you. I mean, if they don't panic sell, who will sell us their coins at the bottom?

Just got that spike through $38K. But now the question is, sell or hold? Might be selling right before $42K is broken. Or, might be holding right when this bull trap ends on the way to sub-$30K.

I'm having a little too much fun. Bubbles just leave me feeling fucking giddy. It's so easy skimming profits off this market, as long as you know to avoid fear and greed, and to take money off the table.....

[Question123]

I think why the price of the bitcoin drops in the last few days ago because other people panic or not want to wait for another dump so they sell their bitcoin as earlier because they are scared also to lose some of the money that possible to earn.  But now price is reviving and I think it will going to continue and we will see again the price of 40k per 1 bitcoin maybe tomorrow will see that value again for the second time around.

[$crypto$]

Let them panic, Lol, those who are pushing the sell button are just giving away their bitcoin at a discount for others to scoop it up. Currently though, the market hasn't bounce back yet, but this is a good opportunity to buy bitcoin again as we have also seen that this kind of dip will likely resulting to the price going up in the next coming weeks, probably $50k might be in the horizon for all of us.

$32k-$33k, goo price for those companies and institutions to get into the action and keep their bitcoin reserves to grow even more.

Maybe they regret that they have sold them cheaper, if the panic is too high then they will sell the slightest decrease because they are afraid they don't want to lose more, even though prices have bounced back in a short time, now this 39k is indeed a little more stable and correcting only briefly so it is possible that 50k will be achieved soon, this will be a bigger challenge for those with the analysis that has been done but I think we will still see how bitcoin bullrun is for a long time.

[john_nautica]

I think why the price of the bitcoin drops in the last few days ago because other people panic or not want to wait for another dump so they sell their bitcoin as earlier because they are scared also to lose some of the money that possible to earn.  But now price is reviving and I think it will going to continue and we will see again the price of 40k per 1 bitcoin maybe tomorrow will see that value again for the second time around.

Exactly. People have already panicked and impulsively sold coins due to fear that price will really hit rock bottom just like that. And as a result, price changes are also being witnessed. I think these people are not yet used to the movement of the market, which we have experienced now for many time already, that is why they have been swayed by their emotions easily. And right now many have regrets because of doing that.

[JimboToronto]

Long-term HODLers who BOUGHT BELOW $20,000 don’t care. They are comfortable.

Long-term HODLers who bought below $100 are even more comfortable... as long as they didn't do anything incredibly stupid like selling when the price hit $266 or $1100 or $19666 or $42000 (except perhaps a small amount to buy things).