Don’t Panic II

[Wawa2013]

It's true that panicking when the Bitcoin price falls, it will only hurt us. Many people get scared when the Bitcoin price drops below the $ 50k price,
even though as we see the price of Bitcoin is now back to the price of $ 50k again. This proves that Bitcoin is indeed very well performing, seeing
the strength of Bitcoin resistance price at $ 50k. It's a good thing if finally the $ 50k resistance breaks through, because surely the Bitcoin price
will soon rise even higher. It could even hit a new ATH at $ 60k in the next pump.

[Maslate]

It's true that panicking when the Bitcoin price falls, it will only hurt us. Many people get scared when the Bitcoin price drops below the $ 50k price,
even though as we see the price of Bitcoin is now back to the price of $ 50k again. This proves that Bitcoin is indeed very well performing, seeing
the strength of Bitcoin resistance price at $ 50k. It's a good thing if finally the $ 50k resistance breaks through, because surely the Bitcoin price
will soon rise even higher. It could even hit a new ATH at $ 60k in the next pump.

Well, I don't think it really hurt us but I supposed to think about an opportunity to buy at a cheaper price since these panic sellers will dump their Bitcoin in desperation. They don't think about the losses anymore because what is in their mind is to sell it no matter what it takes. That badly it takes and they will just realize later when the price rises again that they are wrong.

But even we have this scenario has often happened, many we're still not learning this and they keep doing it again and again until the next drops.

[spazzdla]

I feel BTC will hit 100k 99.999999% this bull run.

HODLING until 90k then taking profits for semi retirement .


I will never sell all my BTC and neither should anyone the ability to fully control your wealth is amazing.

[Wilhelm]

I feel BTC will hit 100k 99.999999% this bull run.

HODLING until 90k then taking profits for semi retirement .


I will never sell all my BTC and neither should anyone the ability to fully control your wealth is amazing.

Same here. 90k small sell just to make bitcoin investments worth it for the rest of my life even if it goes bust.
Try and sell a little bit more at the top 190-350k and buy back at 35k or so. That way I increase my HODL.

[tokeweed]

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.

Yup..  It’s a pain to use rn.  I was sending some BTC to Nitrogen last Friday for some weekend betting at a fairly mid sized fee for how high the mempool was.  The transaction took more than 36 hours to confirm with me missing all the spots I was planning on making my bets on. 

[STT]

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

China has become both the largest producer and purchaser of gold, they dont especially export afaik.   Its very much the policy to accumulate gold rather then dollar reserves in the traditional global reserve system.   Its quite a straight forward conclusion they intend to move away from purely FIAT trade towards some like gold related standard.    The problem being at century start China had no gold and being such a large country they spike the price of any commodity they engage with, hence the low key accumulation but because its continual the trend is fairly obvious for gold vs dollar imo.
   QE policy is going to end up being viewed as nonsense in retrospect, that is a reason for panic imo but its without sound or warning like tsunami maybe the hints are there we will see a vast landscape change.

[proudhon]

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

China has become both the largest producer and purchaser of gold, they dont especially export afaik.   Its very much the policy to accumulate gold rather then dollar reserves in the traditional global reserve system.   Its quite a straight forward conclusion they intend to move away from purely FIAT trade towards some like gold related standard.    The problem being at century start China had no gold and being such a large country they spike the price of any commodity they engage with, hence the low key accumulation but because its continual the trend is fairly obvious for gold vs dollar imo.
   QE policy is going to end up being viewed as nonsense in retrospect, that is a reason for panic imo but its without sound or warning like tsunami maybe the hints are there we will see a vast landscape change.

I can confirm sgbett's Chinese sources, and did many late night math calculations with scientific proofs to 100%.

[Rana590]

It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.

[Hamphser]

It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.

But doesnt mean that you wouldnt be careful towards your investment or trading activity because even if you do know that the market could recover then you would be
definitely be confident and might result into those careless move of yours towards trading.

Dont panic suggestion might sound simple but it isnt really that much of easy when you are on the actual situation when you do saw that the market is dumping and so
as with your portfolio then this is something that you cant just ignore off.

Experience will be one of your weapon to deal with this speculative market.As longer you do deal with it the more aware you are on possible situations that might happen.

[LUCKMCFLY]

It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.

But doesnt mean that you wouldnt be careful towards your investment or trading activity because even if you do know that the market could recover then you would be
definitely be confident and might result into those careless move of yours towards trading.

Dont panic suggestion might sound simple but it isnt really that much of easy when you are on the actual situation when you do saw that the market is dumping and so
as with your portfolio then this is something that you cant just ignore off.

Experience will be one of your weapon to deal with this speculative market.As longer you do deal with it the more aware you are on possible situations that might happen.

For now the best thing is to wait, the market may take a course that no one expects, everyone points out that it will drop in price even more, but I am one of those who think that it is necessary to follow the opposite of the news, this taking into account that emotions For now they are ceasing a bit, and mostly the very good news was resulting in the high prices, as now everyone talks about correction and that BTC will go down more, for me it is an indication of buy.

[Dave1]

It is not normal for the price of a thing to go up in the market all the time. The price of Bitcoin is no exception. Although the price of Bitcoin is decreasing temporarily, it will increase again very soon. But we have to wait patiently for good profits.

The reality is this, there’s no straight way going up and in order for us to succeed reaching the peak, we must experience a rocky road or even a roller coaster ride and this is normal in every market. We might see another bear trend if Bitcoin failed to break the resistance and its fine, maybe its about time again to accumulate more good coins while its cheap again so stop panicking and start creating your winning strategy.

I agree that in order to reach the peak again, then we will encounter a lot of rock road ahead and it's just normal in bitcoin. However, I disagree that we will see another bear trend though, as you have said, this pattern is normal, and we have seen this in the past. The bulls is still taking over the market. Maybe it is just resting for now and gathering momentum for another run next month.

[sgbett]

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

China has become both the largest producer and purchaser of gold, they dont especially export afaik.   Its very much the policy to accumulate gold rather then dollar reserves in the traditional global reserve system.   Its quite a straight forward conclusion they intend to move away from purely FIAT trade towards some like gold related standard.    The problem being at century start China had no gold and being such a large country they spike the price of any commodity they engage with, hence the low key accumulation but because its continual the trend is fairly obvious for gold vs dollar imo.
   QE policy is going to end up being viewed as nonsense in retrospect, that is a reason for panic imo but its without sound or warning like tsunami maybe the hints are there we will see a vast landscape change.

I can confirm sgbett's Chinese sources, and did many late night math calculations with scientific proofs to 100%.

Calculations are confirmed. Proofs have proven to be confirmed also, reliably.

[tygeade]

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$.

There will always be people who fear a big drop and run away, but I do not think that anyone who has been around enough would be scared of such a "drop" because we have seen corrections before. I mean anyone who knows what a correction is, anyone who knows how to trade, or even have a slight understanding of finances, would know that this was nothing at all, this was something quite simple and there was absolutely no way that people would be losing money because of this.

We are in a situation where fall creates a panic which makes people sell but those are people who we should not have in the crypto world anyway, they should leave if we can send them away and people who are willing to buy when it is going down should stay, we are the ones that will take advantage of the crypto increases because we are the ones who didn't panic during this period.

[Distinctin]

Don't panic because this trend is normal,  and we have seen a lot of dumps before and the fact that we survive until now, that means we know how to control our emotion again. There are bullish and bearish trend, let's play our cards effectively. It's been days that bitcoin is dumping and I believe it could dip lower than the current price, maybe at $30k again or more going down to $20k, but we should remember the words "DON'T PANIC", that is very important in situation like that.

[TinaK]

Don't panic because this trend is normal,  and we have seen a lot of dumps before and the fact that we survive until now, that means we know how to control our emotion again. There are bullish and bearish trend, let's play our cards effectively. It's been days that bitcoin is dumping and I believe it could dip lower than the current price, maybe at $30k again or more going down to $20k, but we should remember the words "DON'T PANIC", that is very important in situation like that.

How you think it will drop gradually in upcoming days, we know the current situation of BTC so traders are keep supporting the BTC automatically it will going to moon. The current traffic is little noise in all the hunters so peoples are ready to survive in other investment. I hope again next bearish market is totally changed in crypto industry.

[STT]

Price action is once again in the area of the recent lows, frequent test at this point and not especially reacting to surpassing the duration of the downtrend with a bounce back that reaches 50k again.   The high prices match the 2 day average which is in decline at this point though the overall average could be said to be sideways its yet to prove itself beyond the negativity.   I wont assume its especially negative beyond short term profit taking, a rally this size should be pulling back if its going to sustain in the longer term.

[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 suspect that the price will be even higher, and will probably be closer to the $ 55k range. I also think that the bitcoin price will be really strong at $ 50k.

LOL. I might panic when I don't hold bitcoin at this point 

it does break the 55k mate and actually even higher as the recorded Highest price Goes up to 58,000$
and that's the highest and then starts the fall and now it looks like those who have hold up to that ATH is now starting to rattle and panicking so the price went down this low at 44,000-45,000 in which the lowest for the last 2 weeks.
Hopefully this is just a correction and let those panicking frustrate when the price starts Hyping again in the next weeks or before the end of this 1st quarter.

[Silberman]

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

China has become both the largest producer and purchaser of gold, they dont especially export afaik.   Its very much the policy to accumulate gold rather then dollar reserves in the traditional global reserve system.   Its quite a straight forward conclusion they intend to move away from purely FIAT trade towards some like gold related standard.    The problem being at century start China had no gold and being such a large country they spike the price of any commodity they engage with, hence the low key accumulation but because its continual the trend is fairly obvious for gold vs dollar imo.
   QE policy is going to end up being viewed as nonsense in retrospect, that is a reason for panic imo but its without sound or warning like tsunami maybe the hints are there we will see a vast landscape change.

What I do not get is why more governments are not doing this more openly, the fiat system is coming to an end, to think we can have all the currencies in the world not being backed by anything and that they can be created at will seems like a recipe for disaster, governments especially the US have abused this power and it is possible China is thinking on backing their own currency with gold and could try to take over the US dollar role that way.

[bbc.reporter]

@Silberman. I shake my head. How can people in the forum say this? The fiat system is not going anywhere. Do you know that the technology and comforts you enjoy in this time of economic expansion and technological advancement is because of the fiat system?

[pinggoki]

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.

$40,000 is coming again in which the price of the bitcoin is in $44,000 again right now and I am a little bit panic because of the heavy dump that is happening right now, many says that the bitcoin will continue to dump so many people are scared on it but I am seeing it as an natural because I've already experience so many cases that is more likely happening this time so I am confident that this is just part of the correction. If it dumps then wait again to pump in order to sell and get profit.