Don’t Panic

[Dutchyyy]

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 watched this movie so many times that I'm not raising an eyebrow on a $3k dip nor a $3k jump. We just need to be patient, both on the bearish and bullish markets.

[Coyster]

If people got in during a lot more calmer moments, they could have walked out with a lot more money, but people like to get involved when the market is at its highest the most and that makes my head dizzy. Oh bitcoin has been around 10k (around 5-15k range at best) for 3 years? Who cares I am not going to even look at it. Oh bitcoin is at 40k?? I should get a loan and invest into it!!!!!!!

Quite a lot of people only invest when there's fomo, and that's cause they don't believe in the network, neither have they taken out time to research about Bitcoin or a history of it's price movement, they rely only on speculations and media hype, and Bitcoin gets plenty of that during a spike, and thus, those people miss out when the price is pretty low and only ignite their interest when price is at its highest. I would not call such people investors, they are just after the hype and quick profits.

[Fatunad]

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 watched this movie so many times that I'm not raising an eyebrow on a $3k dip nor a $3k jump. We just need to be patient, both on the bearish and bullish markets.

Common words into those people who are just new into this market without even realizing that moving 3k or more in a single day can really be considered as a normal stuff or events
on this market.

It is just on how you do deal with this movements.The hardest part is on when you should get in and when you should get out but since its unpredictable then
as long you do able to see green then dont miss out those chances because that will surely slip away.

It takes various amount of time to take grasp on everything and if it do seems simple but in reality it is way too hard to deal with it.

[tokeweed]

What ever you guys do, don’t eeever check BTC’s monthly chart. 

[ChartInsights]

This happened during the bull run in 2017:

https://cdn.discordapp.com/attachments/651831893699985424/804002400007880724/unknown.png

So I fully agree with the title. Always keeps things in perspective! ;-)

[DeathAngel]

I was watching a live price chart on Bitstamp, I saw the price go as low as $29,400. The price has recovered to $30,611 as I type this. We are kind of in no man’s land at the moment. It’s interesting to see if the bears or bulls are going to prevail.

[zeingrind777]

I was watching a live price chart on Bitstamp, I saw the price go as low as $29,400. The price has recovered to $30,611 as I type this. We are kind of in no man’s land at the moment. It’s interesting to see if the bears or bulls are going to prevail.

Even if the bear will win, I don't care and will continue to be a bitcoin holder. If I had more money, I would buy more and keep piling up. We have seen this kind of thing several times and in the end, the price returned to a higher level.

[masterzino]

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.

Why should we panic? I'm cheerful!

I woke up this morning to see that my waiting order of $29666 is filled. What an excellent way to start the day

[exstasie]

What ever you guys do, don’t eeever check BTC’s monthly chart. 

Does that shooting star scare you?



Let's wait and see how January's candle closes. Volatility is quite high at the moment, so 4.5 days is still a lot of price action. I'm not sure it'll close as a shooting star.

Also, single candlestick patterns aren't that reliable. I can't tell you how many BTCUSD bearish shooting stars I've seen engulfed to the upside. Until we see a second bearish monthly candle holding below this month's low, I wouldn't read too much into it.

[Oasisman]

I was watching a live price chart on Bitstamp, I saw the price go as low as $29,400. The price has recovered to $30,611 as I type this. We are kind of in no man’s land at the moment. It’s interesting to see if the bears or bulls are going to prevail.

Even if the bear will win, I don't care and will continue to be a bitcoin holder. If I had more money, I would buy more and keep piling up. We have seen this kind of thing several times and in the end, the price returned to a higher level.

Coz that's the right thing to do. Who wants to sell at their loss? Yeah panic sellers and weak hands.
It's either you position yourself at the most convenient advantage, or keep holding when your not hitting your target yet, and keep stacking while the price is down is the smartest move.

Btc is literally on the verge of deciding which way he'll head next, bear or another bull. The price actions has been so interesting lately, it will make the weak hands who hasn't sell yet panicked even more lol.

[Ultegra134]

What ever you guys do, don’t eeever check BTC’s monthly chart.  

Does that shooting star scare you?



Let's wait and see how January's candle closes. Volatility is quite high at the moment, so 4.5 days is still a lot of price action. I'm not sure it'll close as a shooting star.

Also, single candlestick patterns aren't that reliable. I can't tell you how many BTCUSD bearish shooting stars I've seen engulfed to the upside. Until we see a second bearish monthly candle holding below this month's low, I wouldn't read too much into it.

I've been on the lookout the past few days, I've bought BTC, Eth and Litecoin, volatility has been extremely high the past few days. Not panicking is easy to say, hard to do. I'm sitting here, seeing my investment/hard-earned cash, gaining value, then losing value, then gaining again, and the story keeps going like that, without generating any profit. The market looks depressing now, at least for me.

I hope it recovers the following weeks.

[zeingrind777]

I was watching a live price chart on Bitstamp, I saw the price go as low as $29,400. The price has recovered to $30,611 as I type this. We are kind of in no man’s land at the moment. It’s interesting to see if the bears or bulls are going to prevail.

Even if the bear will win, I don't care and will continue to be a bitcoin holder. If I had more money, I would buy more and keep piling up. We have seen this kind of thing several times and in the end, the price returned to a higher level.

Coz that's the right thing to do. Who wants to sell at their loss? Yeah panic sellers and weak hands.
It's either you position yourself at the most convenient advantage, or keep holding when your not hitting your target yet, and keep stacking while the price is down is the smartest move.

Btc is literally on the verge of deciding which way he'll head next, bear or another bull. The price actions has been so interesting lately, it will make the weak hands who hasn't sell yet panicked even more lol.

As a person who has been in cryptocurrency trading for 5 years, will not panic and understand how the nature of the crypto market moves. I will take advantage of the panicked weak hands to buy cheaper and pile up. Because we know that the market doesn't always turn red.

[SirLancelot]

Common words into those people who are just new into this market without even realizing that moving 3k or more in a single day can really be considered as a normal stuff or events
on this market.

It is just on how you do deal with this movements.The hardest part is on when you should get in and when you should get out but since its unpredictable then
as long you do able to see green then dont miss out those chances because that will surely slip away.

It takes various amount of time to take grasp on everything and if it do seems simple but in reality it is way too hard to deal with it.

Even worse, people who have been here for long long years (even way before 2017 peak) like me handled more than 30% falls on tiny prices, we have once dropped from 1400 dollars to 150 dollars, that was about 90% dollar fall on such a small scale at the time. Now we fall only 3k, which is about 10% fall and people get scared about it. I do not get people who get scared about 10% falls, that is basically nothing in crypto. Back when it was 10k just over half a year ago, it dropped to 9k and nobody bat an eye, why? Because during that time it was people who was interested in bitcoin for a long time, nowadays it is all new people in the market and 10% fall makes them scared.

I think overtime these new people will get used to bitcoin falling as well, however one unfortunate event will be newer people will come and be scared again, not that new people coming is unfortunate, that is great but they being scared is the unfortunate part.

[tokeweed]

What ever you guys do, don’t eeever check BTC’s monthly chart.  

Does that shooting star scare you?



Let's wait and see how January's candle closes. Volatility is quite high at the moment, so 4.5 days is still a lot of price action. I'm not sure it'll close as a shooting star.

Also, single candlestick patterns aren't that reliable. I can't tell you how many BTCUSD bearish shooting stars I've seen engulfed to the upside. Until we see a second bearish monthly candle holding below this month's low, I wouldn't read too much into it.

Uh yup...  That pretty much scares me.  Lol.  I mean with what looks like the first glimmer of alt season coming, BTC would just spoil it and bring everything down with it.  Sucks.

Edit:  I think altcoins should start to decouple from BTC soon if we were to have alt season.

[youdacapt]

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 think this is a good advice to both hodlers and traders; do not panic means do not fall for fuds, do not fall for fomos; the market always experience bulls and bears period; and there are always price correction in the crypto currency market; never panic, but instead relax, do your research and wait for an opportunity to either take profit, sell or invest in the bears.

[LUCKMCFLY]

I think that at this point there should be no panic, because bitcoin has risen to very good levels while the world is with the fundamental Covid-19, bitcoin may now be gaining strength to reach its $ 42k again and surpass that level, Among the possibilities I think that it is more feasible than a bearish trend, really if I had how to buy what I could in bitcoin right now I would do it, so the price goes down I would not care, because I know that the price will be stratospheric.

[pinggoki]

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.

Don't panic for those people who are currently holding, not just because there is a minor dump you will immediately sell your holdings. Just hold until you want I've already seen this before in which just a couple of days the price that has been dump bounced back more than the price it drops. Always remember to don't be scared because we all know that the more you risk the more you got in return. Just have patience and don't be scared on a dump of $2,000 to $5,000 because it's normal.

[redsun114]

As a person who has been in cryptocurrency trading for 5 years, will not panic and understand how the nature of the crypto market moves. I will take advantage of the panicked weak hands to buy cheaper and pile up. Because we know that the market doesn't always turn red.

As someone who has been here for nearly 8 years I can say I won't neither. However at this point it is not a shock to me neither. I sold some at 40k because I knew that would be the top, and I sold some at 20k back in 2017 as well, finding the top is easy because you see it, you see it a mile away with how fast and strong it increases and it starts to slow down and it just gets stuck, in any other price you see it being a lot stronger and capable but at the top spot you see it barely hanging on for life.

I do not have any tricks to buy low, I just buy whenever I can constantly, I do not really know how to find the bottom neither, I do the same thing I do fro peak but at the bottom that never works, so instead I just buy with the money I save aside, do not put myself in danger like debt or salary type of situation, and sell them at the top. Sometimes it takes 1 year, sometimes 2 sometimes like this it took 3 years with my next exit, but I can still wait, for example it could be 2030 next time I sell and I can still wait.

[Mahanton]

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.

Don't panic for those people who are currently holding, not just because there is a minor dump you will immediately sell your holdings. Just hold until you want I've already seen this before in which just a couple of days the price that has been dump bounced back more than the price it drops. Always remember to don't be scared because we all know that the more you risk the more you got in return. Just have patience and don't be scared on a dump of $2,000 to $5,000 because it's normal.

Easy to say but if you are on the actual situation or into their own feet then you would really be having those thoughts specially if you do purchase or had accumulated big amounts then
these kind of movements even on few percentage correction will surely freak you out. Dont panic word is something that can be said into those who had been tending to hold for long
term and doesnt really care on what would be the prices into these early years since they do aim for more years but for those who do longing for short term profits then these kind of situations arent the easy ones.

Handling out emotion isnt something a human being could easily able to get rid of but with due experience you would really be aware on what should be things that be done in situations like these
since you are fully aware and able to met those scenarios in the past thats why it do contributed on the actions that you should make.

[Dhoe]

I think spot trading kind it not panic for me when looking price down because price back after moment panic selling gone and have many investor will buy back on lower price, panic selling that moment give for investor they will wait when price down and buy back, just panic for any trader or investor with lower price they will sell coins without waiting few days later. Better stop with panic selling your assets when price down because is not good when you try with trading or investing in cryptocurrrency.