Don’t Panic III

[Oceat]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

March month would be bloody red if the panic continues but it's a great deal too because new investors will be able to buy a dip/cheap price. I'm just wondering if the price will ever be down back to $20k-ish or even in $30k-ish but that's too much of a downfall if it's going that way that might trigger a huge dump or something.

[gabbie2010]

This is absolutely healthy and needed. I have no fiat left but hope we see 41k ish and stay at 40k levels for 2 more weeks. I know it's boring and we all want moon now. But still have plenty of time for the parabolic run in December. Nobody wants this bullrun to end too early.

It's too early for the bull run to end, there is still a lot of stores for us this year, 2021 is going to be a banner year for us, given that there's no calamity or a pandemic news that is going to happen, the market will keep improving, people should just take the correction positively and don't dump their coins, you will only regret later.

That analysis by the OP sum it all, it is indeed an eye opener for dumpers to hodl and avoid panicking with so much ground to covered by the price this year all the corrections experienced by the price this resulted to massive recovery of the price and I believed the bullish runs of the market  will linger on till the end of year even now that the pandemic is being well managed so let us keep hodling to earn decent profit later in the year

[Gozie51]

I hope people will not panic if the price is down for a bit because that will be another correction this weekend.

Price correction for weekend was reverse because bitcoin went around $50k. Bitcoin is giving surprise to investors waiting for correction but that has not happened, the $48k range has been broken against the correction investors are waiting for. We just opened a new week and price has jumped above $50k, we don't know where the week is going for now as bullish candle are forming for

[Slow death]

in the past we saw the price reach $20,000 and the price dropped to $15,000, people said: "don't panic..." the price dropped to $7,000 and people said: "don't panic" and the price dropped to $3000.

my point is:

It is normal to panic because no one can guarantee that the price cannot fall too much

if the price goes up a lot then it can also go down a lot

[STT]

Its hard not to spike the market when you are accumulating 1.5bn worth of BTC for a single entity to hold, have we even had such a large transaction as this before.    Trades perhaps but literally this was bought to hold not to play a trade out.    My answer would be the same for any purchase, that if its to be used then it wont matter the price as the usage is always the reason to buy anything and its true even in finance markets.   I thought I would hear more detail by now why would BTC be useful to him, part of the supercharger fees process perhaps, cars do go internationally so BTC might useful in that way.   Price going down doesnt have to matter, I heard of someone who held from 2017 peak and sold higher recently and did they also utilise the Bitcoin meanwhile I dont know but it has some place as an asset.

Anyway in panic news we have DXY dollar index rising above 92 now and I wonder if we can speculate a trend of rising dollar.    Part of this due to rockets fired in middle east and fears there, its also something I was looking for anyway to happen.    BTC so far is fine with the dollar rise and is doing quite well holding higher.

[BrewMaster]

the panic already happened and is already concluded too. despite all the warnings people panicked again too

right now we are experiencing another accumulation that price keeps going up and down playing around the $50k level. we've seen this many times in the past 6 months alone and we have to get used to trends like this because they will repeat a lot more until the end of 2021.

[dimonstration]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

[justdimin]

That analysis by the OP sum it all, it is indeed an eye opener for dumpers to hodl and avoid panicking with so much ground to covered by the price this year all the corrections experienced by the price this resulted to massive recovery of the price and I believed the bullish runs of the market  will linger on till the end of year even now that the pandemic is being well managed so let us keep hodling to earn decent profit later in the year

It will always be faced with recovery from now on because the reality is that when the price goes down, there are people with millions even billions of dollars that see it as discounted price and buy it because they know in the end bitcoin will go up. Before this year we had regular people like you and me who bought and sold bitcoin, when we had money we bought bitcoin but when we needed money we sold it, there were of course traders who bought and sold during that period as well, it was just something that was limited.

Right now, we are in a level where corporations who have billions in cash that put some of its cash into bitcoin, not like they will ever have no money, they always grow their cash reserves because they make so much profit, whereas we are in a situation where we make a profit because they are putting just "some" of their money into crypto. This is going to change a lot for the world for sure.

[goaldigger]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

Many used that history as their basis and that’s why many are panicking. If we’re going to analyze the current price of Bitcoin, we’re back to $51k and if we are able to break the level of $52k then we might go back to the peak again which invalidate the analysis of OP. There’s a huge chance for us to see the up trend again, we’re not on a bearish trend yet.

[CaVO32]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

Many used that history as their basis and that’s why many are panicking. If we’re going to analyze the current price of Bitcoin, we’re back to $51k and if we are able to break the level of $52k then we might go back to the peak again which invalidate the analysis of OP. There’s a huge chance for us to see the up trend again, we’re not on a bearish trend yet.

The situation that we have today is very different as compared to previous years. Right now, these financial institutions that keep on spending their money on bitcoin have good plans why they are into this market. I don't think they have short-term plans here. And look at companies like PayPal which finally accept crypto in their payment system. I don't think they are here for just short period of time. The up and down movement is just normal, but I don't think bitcoin will be dumped hard this time. The adoption this time is very different as compared in the last decade of bitcoin.

[carlfebz2]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

You are right!

This isnt something that we have seen back in the past but we cant really remove or get rid of that probability when it comes to those kind of chances of possible market crash because
there would be always that time where huge sell-off could really happen no matter how strong the adoption is.

People should learnt that we wont really be crashing out that easily compared into those previous years that we had experienced.I cant blame them though because that one
could really make or create some trauma specially to those who get wrecked badly.

Those candle images above of Op with having that presumption of pump then it did really happen.Those red candles didnt go deeper.

[chikading2016]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

Many used that history as their basis and that’s why many are panicking. If we’re going to analyze the current price of Bitcoin, we’re back to $51k and if we are able to break the level of $52k then we might go back to the peak again which invalidate the analysis of OP. There’s a huge chance for us to see the up trend again, we’re not on a bearish trend yet.

The situation that we have today is very different as compared to previous years. Right now, these financial institutions that keep on spending their money on bitcoin have good plans why they are into this market. I don't think they have short-term plans here. And look at companies like PayPal which finally accept crypto in their payment system. I don't think they are here for just short period of time. The up and down movement is just normal, but I don't think bitcoin will be dumped hard this time. The adoption this time is very different as compared in the last decade of bitcoin.

I agree on that bitcoin is now becoming more great and slowly become a part of our life many company's are nlw accepting bitcoin as payment, so this is really a big difference from the past. So there is a big posibility that bitcoin will not fall too deep right now.

[Renampun]

but toke, if people don't panic, how am I going to get my 20k BTC again? *whine whine* My last two sells coincided with the dumps too, unfortunately haven't sold anything above 50k (don't be mad bro, just my bills and stuff).

Judging from journalist queries waiting for responses now, editors are also keen to see if the "bear is here" story's got legs left.

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

[Questat]

but toke, if people don't panic, how am I going to get my 20k BTC again? *whine whine* My last two sells coincided with the dumps too, unfortunately haven't sold anything above 50k (don't be mad bro, just my bills and stuff).

Judging from journalist queries waiting for responses now, editors are also keen to see if the "bear is here" story's got legs left.

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

Bitcoin price is even moving higher this time, I expecting people will be in a panic when the dumps had shown up but they keep buying and holding causing the price to rally more. I don't see any panicking now, people have their faith in Bitcoin.

Maybe, it was hopeless to see Bitcoin price getting back to $10k again. The price keeps surging high, we are expecting the dump to come out after reaching the new ATH but the trend came different, we are even more moving forward.

[Hippocrypto]

but toke, if people don't panic, how am I going to get my 20k BTC again? *whine whine* My last two sells coincided with the dumps too, unfortunately haven't sold anything above 50k (don't be mad bro, just my bills and stuff).

Judging from journalist queries waiting for responses now, editors are also keen to see if the "bear is here" story's got legs left.

*I dream every night that I can buy Bitcoin at the price of $ 10k/coin again 'lol'...
right now the Bitcoin price will be very difficult to get below $ 30k. which panic at this time is the small traders and miners who sell their mines. I still hodl a few satoshis for long term investment.

It's not impossible for our dreams, let's hope we will able to buy cheaper bitcoin in the future and get enough profit. For now bullrun was still presently performing an amazing record. Time comes for a reversal and I had a visionary that when bearish market happens again, more traders will accumulate their asset and purchase bitcoin quickly. Because if that opportunity will provide more chances to late investors, bitcoin will pump 10x of its present value.

[Wawa2013]

Since TESLA decided to invest in Bitcoin and many other institutions investing in Bitcoin. Finally, the performance of Bitcoin is very extraordinary,
even the increase in Bitcoin this year is very much different when compared to what happened in 2017. Therefore, even though there was a correction
in Bitcoin, it recovered much faster. So don't panic if you see the Bitcoin price correction, proven a few weeks ago Bitcoin correction to the price of
$ 45K, but not long after the price can go up again now at the price of $ 53k.

[TravelMug]

the panic already happened and is already concluded too. despite all the warnings people panicked again too

Isn't it funny and ironic at the same time, and maybe the only reason that it always repeat itself its because there are newbies who enter late in 2020 and thought that the price will go on parabolic rise, (similar to 2017 and early 2018).

right now we are experiencing another accumulation that price keeps going up and down playing around the $50k level. we've seen this many times in the past 6 months alone and we have to get used to trends like this because they will repeat a lot more until the end of 2021.

We might see another all time high before the end of the month, when we see the price trading sideways, that's a good side that it's accumulation time again. Now it's another rally and probably be seeing $60k for the first time.

[maxreish]

I haven't been affected with the recent market dump. I mean, if you have enough experience and has been a long term holder, those panic movements, suddenly sideways are just normal. If a particular long term holder and at the same time trader knows for sure where the coin will gonna go (whether up or down), you can not be affected with those small dumps.
 
 And panic traders (sellers and buyers) are already part of the community, without them there wouldnt have some corrections and recovery phase in the market.

[rodskee]

From the looks of it at the hourly from March 3, 8:00am ET to now, there’ve been dumps followed by small pumps making lower lows and lower highs.  And I noticed the sell downs have been starting mostly around 8:00am - 10:00am New York time, 8:00am - 10:00am London time and 8:00am - 10:00am Hong Kong time...

Right now it’s around 6:00am New York time.  In a couple or so hours another sell down taking BTC below 45k - 46k could take place.

I did Panicked when the price drops down to 43k recently and i can stop my self from thinking bad so i sell out my Bitcoin and 2 of my altcoins.
This is the most stupid thing that i made because after selling now the price climbs up to 54k again and i can't find way to re enter.
Sometimes panic selling is really a stupidest thing we can do in this market , try to avoid at any cost unless you are in badly need of money specially in bitcoin investment.

[arwin100]

It's just normal to assume that there are people that would totally panic with the situation of the market today because they would think it's like the 2017 vibes or they just don't panic but rather getting profit above of what they have invested. Either way it's still in a highest price right now so I guess weak hands are the ones selling and starting to panic.

Many were still horrified in 2018 continues dump but they shoul already stop doubting since this year adoption really happens unlike in 2018 it’s just pure speculation, nowthere are companies who can back up or who might try to add more investment or companieswho might accumulate more during this dump.

What happen way back 2018 is pure bubble since there's no strong foundation or adoption to rely on but things became different by this year so I doubt we can experience that the same  dilemma since big players are now in the industry we have so many things to hold on so if those big players are still intact on crypto's we can say that this current growth will continue and there's nothing to worry about those dumps since nowadays its so normal.