Don’t Panic II

[Garmo]

I'm not panicking, are you panicking? It's very probable that a lot of sell orders were nested and triggered exactly on the $50K mark, which could explain why we immediately dipped a grand right after.

[Reatim]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

Another ATH again just this very moment

https://coinmarketcap.com/currencies/bitcoin/

Closing to break 51k , and maybe we had strong hold at 50k now.

I'm not panicking, are you panicking? It's very probable that a lot of sell orders were nested and triggered exactly on the $50K mark, which could explain why we immediately dipped a grand right after.

I don't think there are lot of sell orders now , instead people now are on the waiting game , there are so much Hints that this will break 60,000 that's same reason why there are only few sells happen overnight now.

[AB de Royse777]

Dubai’s IBC Group Pledges 100,000 Bitcoin, the Largest Bitcoin Investment in History: https://finance.yahoo.com/news/dubai-ibc-group-pledges-100-175500092.html

It seems the ride continues! :-D

[leea-1334]

That's a normal scenario if there's a breakout or a new all time high, and panicking is normal to those with weak hands and to some that wants to take profit. We can expect a big correction after trying to go beyond $50k, stay compose and don't panic if you see the price of $38k in the coming weeks. 

I do not think these socalled weak hands are the same people selling to take profit. I think some traders are trying to be smart and call the top near 100k, but they will sell at every landmark point, knowing the retracement will allow them back in at a few percents.

Dangerous game to play though if the corrections never happen and they miss out on big run!

[Oilacris]

That's a normal scenario if there's a breakout or a new all time high, and panicking is normal to those with weak hands and to some that wants to take profit. We can expect a big correction after trying to go beyond $50k, stay compose and don't panic if you see the price of $38k in the coming weeks. 

I do not think these socalled weak hands are the same people selling to take profit. I think some traders are trying to be smart and call the top near 100k, but they will sell at every landmark point, knowing the retracement will allow them back in at a few percents.

Dangerous game to play though if the corrections never happen and they miss out on big run!

Its just impossible that corrections wont happen because you wont call it a market if it would have a continous rise for a matter period of time.You are right that not all sellers are those panicking people,

they are just trying to make out profits in this very short time which isnt something new into this market because traders can be classified into two for which ones who do hold and ones who do actively trade.

Yes, it is more risky though in playing with this very volatile market but very rewarding if you do make it right.

[el kaka22]

Dubai’s IBC Group Pledges 100,000 Bitcoin, the Largest Bitcoin Investment in History: https://finance.yahoo.com/news/dubai-ibc-group-pledges-100-175500092.html

It seems the ride continues! :-D

He "pledges" 100k, that doesn't mean that he will give that. First of all as far as I remember correctly grayscale has a lot bigger amounts than 100k, and this wouldn't be the biggest one anyway but would surely be amazing investment if it was valid.

However the reality is that he pledges it and not given it or anything yet, dude could get away with it by sending 5 billion dollars and say that "its worth same as 100k bitcoin" and be done with it, I am sure the foundation wouldn't be upset about that neither, in the end they are getting 5 billion dollars and that is not a joke. Until he actually buys it and sends it there and tries to use it for betterment of blockchain and technology, we are not going to see that priced in, it is just a news and western media is barely interested in rich whale Arabs doing anything, they really do not see this as news.

[Untomabur]

Of course if a dump occurs in the bitcoin price like what happened yesterday when the correction at $ 46k, all traders will experience panic,
because we know the indicator is in the overbought zone, so the possibility for a deeper correction is still very much possible,
yes even though there will still be an increase. as it has happened, for sure if you have cut lose don't regret it, that's the most important thing

[globalpain]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

everyone will panic if bitcoin price drops below $ 45k mate, because the strongest support is there, that's why a few days ago bitcoin price dropped drastically and altcoin dropped by 15%, but I am thankful that the bullish path is still stuck and the rally is getting stronger to reach it. $ 80k, hope this year dreams come true!

[arufox]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

I don't why people keep panic if they already know the history of Bitcoin. I mean why must panic, better you enjoy it, and if the price is down better to buy it. No need to panic at all. You choose the no1 Investment. Buy and HOLD and don't panic

everyone will panic if bitcoin price drops below $ 45k mate, because the strongest support is there, that's why a few days ago bitcoin price dropped drastically and altcoin dropped by 15%, but I am thankful that the bullish path is still stuck and the rally is getting stronger to reach it. $ 80k, hope this year dreams come true!

No everyone, I'm not panic at all. Only people who have less knowledge and a weak mentality will panic

[Silberman]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

If those are the vibes that you are getting that is fine however bitcoin is once again above 50k and it seems that this time it is going to make an effort to remain about that level, so like always we need to be very careful because just as you say there is always the possibility that the price suffers an important correction but just as that is a possibility there is the possibility of the opposite, that the bears give up on defending that level and they finally join us and the price skyrockets out of nowhere.

[YuginKadoya]

there’s gonna be a huge sell down back to 40k coming. 

Hello tokeweed,
I don't know about the sell down if people want to sell right now or people that would want to continue in holding, either one it is still profitable for me, but right now the price don't have a sign of going to break the loop of increasing,

there are a lot of people on twitter speculating that Bitcoin will continue on $100,000 USD this year, if its true then I want to buy more bitcoin but it is a risk in doing so, because the possibility that it may go down right now still has its percentage.

[maydna]

I am not panic and can still calm down because I already sold some bitcoin and enjoy the profit

I am still waiting for the next high price and next ATH as I am sure that we will see that happen soon. I am also waiting for the dump at the market that can happen too, as I want to buy back Bitcoin at a low price. I watch bitcoin price, and I guess that the price can be like that this weekend, and hopefully, the dump will not happen. If the downtrend comes to the market this weekend, I hope the down will not be too deep.

[LogitechMouse]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

Say this to those newbie investors who have weak hands and can be easily tricked by these negative articles that are spreading on the internet.

As for my part, I've seen it went down from $8,000 down to $4,000 last March 2020 in a span of a day or 2 and I didn't feel any panic but regret because I don't have any money at that time. That is the last time that I will see Bitcoin at that price again . Huge sell down?? Let it happen so we can buy more at a lower price

[Silberman]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

Say this to those newbie investors who have weak hands and can be easily tricked by these negative articles that are spreading on the internet.

As for my part, I've seen it went down from $8,000 down to $4,000 last March 2020 in a span of a day or 2 and I didn't feel any panic but regret because I don't have any money at that time. That is the last time that I will see Bitcoin at that price again . Huge sell down?? Let it happen so we can buy more at a lower price

This is the right attitude to have, a crash is not something to lament it is instead an opportunity that may never present itself, just last year we had the opportunity to buy bitcoin for 4k during the crash we saw in March and now less than one year later the price has grown more than 10x, crashes are opportunities that we need to take advantage of because if we do not then we may never see such a low price ever again, however I will admit this is difficult to do since many get fearful the price could keep crashing and they could lose money as a result of this.

[plr]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

Why panic people are used to it we are have just gone through three years of the bear trend, it's nothing new to us, even the pandemic did not stop the market to go to one dollar, we have through a lot of worse thing in the past, the dip is something that we should always welcome because it's an opportunity open for many of us, get used to it, it's part of the market ever since.

[Hippocrypto]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

This is our right time to enjoy that profit that we dreamed of, and if $40k is possible I think it would recover so fast. Unlike the days that we're striving harder to see $20k that time of 2018 up to 2020. Bearishness of the market made us learned several lessons, and I believed traders won't allow failure to pull their asset badly.

[STT]

Panic is admirable if timed perfect and in transition counter balanced by an equal amount of excessive greed just as the price finishes its fairly brief sell, which is normally the pattern of a market rising fast but with profit taking by speculators.



Action I have recently is within bounds and reasonable overall, my main regret is I look away for a minute and its mostly finished.   Right now its doing the normal deal of wavering around a 12hr average, rapid bullish momentum still would be fair assessment.
   So below is the 2 day average rapidly rising, I was going to say if it holds 55750 but really I'd expect it to have to deal with this lower average again.  It marked the lows yesterday, its moved fast to converge with the 12hr as of course they are both fast momentum parallels and we'll see if it can hold that amount of energy to close out this weekly bar.     For a trade, downside target of 53k would be attractive to some traders perhaps but its not indicated thats reasonable prospect especially.

[coin-investor]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

You will only panic when you buy at its all-time high then market crash, I don't see this happening sooner, but taking a precaution is always recommended the memory of 2017 is still fresh and many investors lose their investment or sold at a loss, it's something we should consider when looking at the market and planning to buy.

[BrewMaster]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

Why panic people are used to it we are have just gone through three years of the bear trend, it's nothing new to us, even the pandemic did not stop the market to go to one dollar, we have through a lot of worse thing in the past, the dip is something that we should always welcome because it's an opportunity open for many of us, get used to it, it's part of the market ever since.

from $57k to $40k is a 30% dump even though this kind of drop is not unheard of in bitcoin history but it doesn't just happen out of nowhere and right at the beginning of the rise. don't forget that we just had one recently and these big drops aren't happening every day.
in my experience the next 30% drop would happen at below $70k when it fails to break.

[LUCKMCFLY]

So BTC broke 50k USD twice then dropped back below it twice in a span of a couple of hours or so.  And with the way it happened, dunno..  I’m getting a vibe like there’s gonna be a huge sell down back to 40k coming.  So yeah, don’t panic.  That’s it.  Lol.

This is not the time to panic, you just have to be restrained in your negotiations, although it is not advisable to buy at new highs or highs, I think the price will continue to rise.

Although I am not a fan of following advice according to the news, this time the greats are very eager to obtain bitcoin, both Microstrategy, Apple, among others that are very influential in the world, but let's ask Elon Musk ..

Apart from emotions are the ones that at this moment are moving the market, I still do not think it is time to wait for a strong correction, perhaps one is pending, but not with strong intensity, at least as I see it, this when seeing the volume of talks.