Don’t Panic II

[MCobian]

Since I already sold part of my Bitcoin at $ 57k, if the Bitcoin eventually corrects to $ 40k I won't panic. But I will be happy, because I can get
a chance to buy Bitcoin again. Actually, for those who have long invested in Bitcoin, already used to the ups and downs of the Bitcoin price.
The real panic is actually a newbie, who is new to investing in Bitcoin.

[tygeade]

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

I love how WSB brought "weak hands" "diamond hands" and many other lingo into our world as well. Anyone who gets out and runs from the slightest fall is a weak hand for sure, why would you go out right now if you haven't bought bitcoin like for the first time a day ago? It should be obvious that 99%+ of the crypto people are in profit right now, if you bought at ANYTIME before last week you should be in a huge huge profit already, which is why I think there should be no reason to fear.

If you already bought under 40k price, that means you could wait until it goes under 40k a bit (I understand if you sell at around 20k) and if you are not capable of waiting that long, I think it is obvious that you are not going to be profiting from it considering it is going to be higher and higher while people are scared and running away, those people will lose money while we will make a profit.

[just_Alice]

Since I already sold part of my Bitcoin at $ 57k, if the Bitcoin eventually corrects to $ 40k I won't panic. But I will be happy, because I can get
a chance to buy Bitcoin again. Actually, for those who have long invested in Bitcoin, already used to the ups and downs of the Bitcoin price.
The real panic is actually a newbie, who is new to investing in Bitcoin.

I panic when I see txn fees lately When I saw BTC reaching $56-57k I felt like it's about time to sell, but the fees were just skyrocketing, so I thought that maybe it would be wise to swap BTC for ETH and then sell (this used to work some time ago), but fees for ETH are even worse! So I decided to sell BTC as it is and paid a decent txn fee (or so I thought), based on transactions in mempool, but it still got hung up. Now I regret not paying the max txn fee, because I ended up losing more due to the recent BTC price drop.
I guess buy nice or buy twice, in times like this it's better to overpay

[ningrum]

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.

Bitcoin had touched $ 50K and experienced a bounce there, now it is trading at a crucial price of $ 53k,
 maybe it will test support again, especially when the RSI indicator on big tf appears bearish divergence,
becareful to buy Bitcoin and altcoins, oh yes of course don't panic .

[lablab03]

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.

lol make a specific speculation bro. Don't just make a predictions without making a TA through the graph it self.. Its not good.. Follow the rules when it comes on that situation wherein in order also to get the real information and potential direction of graph, instead of jumping on something such panicking which is not necessarily to do.

[KryptoKings]

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.

Up and down is the part of crypto market. While it is not advised for someone to enter during bull phase but if someone has bought at ATH, he should wait for next bull Run.
It may take a year or two but it will happen for sure.

[UnDerDoG81]

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.

lol make a specific speculation bro. Don't just make a predictions without making a TA through the graph it self.. Its not good.. Follow the rules when it comes on that situation wherein in order also to get the real information and potential direction of graph, instead of jumping on something such panicking which is not necessarily to do.

Bitcoin has broken its highest record so there is nothing to panic about even if the price goes down. It's new time to invest if prices go up those who will invest now will have a new chance to make a profit due to some bad news in the market, is going down but if it continues to go u the current price may go up it's a good time to invest and not panic.

What bad news? I did not hear about it but its perfectly timed as always.

[el kaka22]

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.

Panic is laughable when timed badly though, that is very important aspect. Think about it this way, people who saw bitcoin having hard time breaking 20k all sold because it was already too high, and I am not joking anyone who remembers here bitcointalk on the period where it took us nearly a whole month to break over 20k will remember that everyone was talking about reaching another ATH and that was it, not going to be anything more, the price reached 19.6k or whatever and dropped under 18k about 4 or 5 times as well, when you combine a whole month of failing to break over 20k and 4-5 tries and fails there were ton of people who thought it will not go up in return. What happened?

We peaked nearly 3x that price with last ATH, which shows you that those people were wrong. Sure they seemed like logical at the time but the end result became wrong in the end.

[bakasabo]

See no reasons to panic today, because by looking on 7days change graph, the market is in its natural condition. Some alts gained, some lost their value. Top cryptocurrencies shows growth. Of course it is hard to see red number on the coinmarketcap or coingecko, and have passion to sell immediately. But if people would look more general, they would see that they havent lost much and more likely would recover their losses soon.

[tokeweed]

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.

lol make a specific speculation bro. Don't just make a predictions without making a TA through the graph it self.. Its not good.. Follow the rules when it comes on that situation wherein in order also to get the real information and potential direction of graph, instead of jumping on something such panicking which is not necessarily to do.

But I suck at it bro.  And it’s just a vibe I got that time.  You know bro...  The feelz!  It’s like an energy thing.  

Anyway, I haven’t looked at a single chart since the huge sell down.  I sh*t you not.  And I wouldn’t be a bit surprised if BTC is at the lower 50’s or a tad lower.

Edit:  Took a peek.  Ugh..  it’s even worse.  It went as low as 45k?!?

Edit:  Now I can’t stop looking...

[proudhon]

Panic. Better yet, strongly and aggressively short. The price will never exceed the ATH and by the end of the year will be closer to $10k. It's pure science and math economic fact.

[sgbett]

Panic. Better yet, strongly and aggressively short. The price will never exceed the ATH and by the end of the year will be closer to $10k. It's pure science and math economic fact.

My dude! Good to see you round these parts

[proudhon]

Panic. Better yet, strongly and aggressively short. The price will never exceed the ATH and by the end of the year will be closer to $10k. It's pure science and math economic fact.

My dude! Good to see you round these parts

Just doing my part to save people from a future of financial catastrophe. Gold looks like a solid investment.

[sgbett]

Panic. Better yet, strongly and aggressively short. The price will never exceed the ATH and by the end of the year will be closer to $10k. It's pure science and math economic fact.

My dude! Good to see you round these parts

Just doing my part to save people from a future of financial catastrophe. Gold looks like a solid investment.

I can confirm this, and have reliable sources in China that can also confirm it too.

[proudhon]

Panic. Better yet, strongly and aggressively short. The price will never exceed the ATH and by the end of the year will be closer to $10k. It's pure science and math economic fact.

My dude! Good to see you round these parts

Just doing my part to save people from a future of financial catastrophe. Gold looks like a solid investment.

I can confirm this, and have reliable sources in China that can also confirm it too.

This guy confirms.

[The Sceptical Chymist]

I panic when I see txn fees lately

Yeah, that's kind of the sucky part of bitcoin rocketing to the moon--you have much less incentive to spend or send it to other wallets.  Crazy how high the fees are.

Whatever happened to Kwukduck?  Anyone remember him?  He was always so bearish when bitcoin was rising and I always thought it was amusing how wrong he'd be--and then he just disappeared.  Maybe he finally figured out that bitcoin is no joke as far as being an investment and went long on it.  If he did, I doubt he'd report back here telling the community about his change of heart.

Oh yeah, and don't panic now either.  Bitcoin dropped about $10k in the past day or so if I'm not mistaken, and I'm sure that scares the hell out of some people, but for the rest of us who've been watching it for years it's just business as usual.

[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.

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.

I think we all have memories of that crash and we learned our lesson, which is why I really think this in part can explain some of the behaviour that we see in bitcoin at the moment, we are seeing very quick corrections when it comes to the price, and I think this is because people have not forgotten what happened back then so whenever there seems like the price is going down everyone begins to sell as quickly as possible because they get in panic of losing their money, but then when that panic is over we see a quick recovery as it is clear the price was not really crashing and it was just a correction.

[KryptoKings]

Those who sold their BTC in panic must be repenting now.
Those in crypto for long time know that price do fall and rise.
Now BTC is back again at $50k. We are in for new ATH

[CoinFoxs]

Those who sold their BTC in panic must be repenting now.
Those in crypto for long time know that price do fall and rise.
Now BTC is back again at $50k. We are in for new ATH

Bitcoin is unpredictable yesterday when price of bitcoin dropped to 45k$ people started selling their coins, they were thinking that bitcoin will go to its lowest price again but it was the technique of big traders they dropped price create panic and buy coins at lowest price now price increased almost 6000$.

[justdimin]

Bitcoin has broken its highest record so there is nothing to panic about even if the price goes down. It's new time to invest if prices go up those who will invest now will have a new chance to make a profit due to some bad news in the market, is going down but if it continues to go u the current price may go up it's a good time to invest and not panic.

What bad news? I did not hear about it but its perfectly timed as always.

I think whenever price goes down, that is due to some news, it could be a news we all hear about or it could be just some whale going away, I have seen nearly 5 billion dollars unlocked from a wallet and that is a big deal, maybe it was all about that. Let's be honest if the price goes from 58k to 53k from a huuuuge whale selling their coins, that will always be followed by other people selling because they are scared as well and they will make it go under 50k just because of that.

It is something like that right now, some whales got out and just because they got out we have to watch these morons thinking bitcoin is somehow dropping so they sell where in fact it drops because they sell in the first place, and there is nothing we can say to them about not selling because everything is okay. Bitcoin was the bitcoin 5 months ago when it was 20k, it was the same bitcoin a week ago at 60k and it is the same now that it is under 50k, nothing really changes.