Don’t Panic IV

[Ridwan Fauzi]

The market is not easy to predict as of now, I start to long entry since I think a day ago I found indicision candle, so I made long entry that actually I got profited but it was just for a while after a short dumped came.

I loss my money because I created a cut loss 2% in my entry price. This is why I say the price crypto currency is always hard to predict, actually I choose an altcoin not bitcoin for my trading plan.

For bitcoin price movement I guess $58440 is a strong resistance, if this area can be passed then there is a chance for the price up again, but I don't think the bull run market is still alive if that area cannot be passed.

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[janggernaut]

The market is not easy to predict as of now, I start to long entry since I think a day ago I found indicision candle, so I made long entry that actually I got profited but it was just for a while after a short dumped came.

I loss my money because I created a cut loss 2% in my entry price. This is why I say the price crypto currency is always hard to predict, actually I choose an altcoin not bitcoin for my trading plan.

For bitcoin price movement I guess $58440 is a strong resistance, if this area can be passed then there is a chance for the price up again, but I don't think the bull run market is still alive if that area cannot be passed.

You lose your money because you choose altcoin instead of bitcoin, it wasn't because market hard to predict. We are on bullish tren right now, even after Morgan Stanley seems "pro" about bitcoin. Forget about your resistance or support or whatever it's you called, it's useless since we are on bullish right now , just HODL and Don't panic

[Untomabur]

in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020,
and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps,
because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it.

[yohananaomi]

How many don't Panic threads will be created? Don’t Panic V, Don’t Panic VI....

I just don't know why people panic if see the price is decreasing, are they cant learn from the past?? After dump will pump, and selling coin when it dumps will give regret to the future. So why people become panic?? Even if you buy at the peak price like in 2017 and you miss to sell it, and keep holding it also will give profits

It is only natural that people will panic, when he buys at a high price but the price drops drastically which he does not expect. whereas seeing the experience it can and always happens.
but the criteria for humans are clearly all different because maybe there is someone who cannot control himself even though he also knows that saving in the long term will also ultimately be profitable.

currently it does not happen anymore that bitcoin has changed its trend to be short term and movements like this are very good for day trading because the price difference every day is quite significant. but for those who are not used to it, it is certainly not recommended that panic can make it even more devastating and can take actions that can go wrong.

[proudhon]

Panic time

[Oasisman]

~snip~

People should stop comparing the market performance today and 2017, it's a totally different ball game now, back then we have no big institutions investing and in fact they are against Cryptocurrency, the mining rewards is much lesser now, because of the halving, the number of people investing in the market is now is huge compared three years ago

That's not just a simple comparison. Technical analysis were always based on the past market data to come up with a semi reliable prediction in the future price. So, the market comparison would always gonna be used to predict the future Btc price regardless of the volume of investment poured into Bitcoin.
The OP ain't looking to compare the price value of Bitcoin, but he's trying to analyze the price movements based on the chart.

[Scripture]

Don’t panic if you see the market is dumping, you have to know what to do and analyze the market so you can know your next move towards a dumping market. The price is still above $53k, and that can be a good support level for now so there’s no reason to believe on FUD. There’s a lot of threads like this, and we should already know what to do by this time.

[crzy]

How many times do we need to tell not to panic at all? I’ve seen many people sharing their thoughts about panicking and believing on FUDs, again that’s not a good way to make money in this market you should forget that emotion and focus on the market trends. 2017 is different, we’re not that high by that time and this current bull trend is stronger than ever, we might end the whole year with up trend, so panicking is not the best option.

[janggernaut]

Don't panic. The reason of this dip just because of this FUD news

The US Federal Reserve chairman warned that Bitcoin and other cryptocurrencies were ‘not really useful as a store of value’ but added that the central bank itself is studying the possible costs and benefits of a digital dollar.

https://www.aljazeera.com/amp/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-crypto

We just need to qoute his statement later/he changed his mind after bitcoin hit $100k

[Wind_FURY]

Panic time

Panic time, you say?

“They panicked. BUY THE DIP”.



Don’t make it easy for the billionaires to take the most precious thing they want from you.Your Bitcoin.



Plus $50,000 is the new $10,000. Bitcoin will move up above and down below of that price point. It’s in your hands if you, sell with the rest of the panic sellers, or HODL.

[New.in.trading]

I heard a lot of big companies buying some BTCUSD lately. That is a good thing, dont get me wrong. What I never hear, is anyone selling BTCUSD. If nobody is selling it, why is it falling then?  What I want to say with this post is: there are 2 sides of the Coin. I am sure some of the "I am buying and holding it all to death"-Gurus, are scaming you into buying BTC, so they can sell you their BTCs. Once demand sinks, they will start to accumulate BTC again, silently, probably telling ppl. to "secure some gains here" so they can buy their BTC.

That in general is not a bad or evil thing, selling expensive and buying cheap makes sense. Just want to point out, that only rising higher and higher will not work forever and not all the ppl who tell you they bought and hold, will actually hodl, but rather try to make use of you...

I am patiently waiting to buy a decent dip. If it doesent come, there is other stuff to buy, stocks and that. With a stock, you dont only own a stock, you physically own a portion of that company. Thats why I do consider stocks to be as safe as BTC, from a "Banks cant take that away from me perspective".

[tokeweed]

Red bars indicate where each major support is located imho.  I wouldn’t be too worried if it breaks down the first one but I would kinda be worried if it starts breaking down the second one.  But then again we’ve seen BTC drop 30% around 6 times back in 2017 before trending back up again.

[el kaka22]

I heard a lot of big companies buying some BTCUSD lately. That is a good thing, dont get me wrong. What I never hear, is anyone selling BTCUSD. If nobody is selling it, why is it falling then?  What I want to say with this post is: there are 2 sides of the Coin. I am sure some of the "I am buying and holding it all to death"-Gurus, are scaming you into buying BTC, so they can sell you their BTCs. Once demand sinks, they will start to accumulate BTC again, silently, probably telling ppl. to "secure some gains here" so they can buy their BTC.

That in general is not a bad or evil thing, selling expensive and buying cheap makes sense. Just want to point out, that only rising higher and higher will not work forever and not all the ppl who tell you they bought and hold, will actually hodl, but rather try to make use of you...

I am patiently waiting to buy a decent dip. If it doesent come, there is other stuff to buy, stocks and that. With a stock, you dont only own a stock, you physically own a portion of that company. Thats why I do consider stocks to be as safe as BTC, from a "Banks cant take that away from me perspective".

I think it is obvious that we are in a situation where we do not have any big players selling, selling is not in their book, these are the same type of people who keep on buying and buying stocks until they own so much that they just can't buy and simple just acquire it. Obviously they can't acquire bitcoin because it is not a company, but I feel like if these huge companies get into bitcoin and keep on buying more and more, eventually they will end up with almost all of it.

Who could stop the wall street type of places of the whole world buying 10 million or more bitcoins? That is not impossible, sure it would cost them a lot and bitcoin would be a super high price but they could eventually own that much with the amount of money they have. This is why I am holding and all the drops could happen at any time, I do not care about them because I believe they will buy more and more.

[ScamViruS]

Many big companies are now investing huge amount of money in Bitcoin, they are investing their money in Bitcoin after doing market research. And if the bear market starts now, they will be prepared to hold their holding assets for a long time. Because the last bull run ended where those who thought $20k was a huge target, now the price of Bitcoin is much higher than that ath. So now if the bull run is over then after a few years this ath will feel much smaller. So those who are more interested in panic selling  will still be more interested in panic selling as before so that they will miss a big opportunity.

[arufox]

Actually, if someone invests in a top coin, they should not panic because the price will recover soon, and I see the only newbie in crypto always panics for every dropping price, so your warning will be useless if they don't believe cryptocurrency. See good side for panic people, they will cry later and experience will teach them

[philipma1957]

in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020,
and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps,
because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it.

jan.     2017   1000
dec     2017 20000
march 2020   3900
march 2021 62000

so 20 to 1 jump to a 5.2 to 1 drop


if we match this we go to

78k
drop to 16-17k

[Kemarit]

Don't panic. The reason of this dip just because of this FUD news

The US Federal Reserve chairman warned that Bitcoin and other cryptocurrencies were ‘not really useful as a store of value’ but added that the central bank itself is studying the possible costs and benefits of a digital dollar.

https://www.aljazeera.com/amp/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-crypto

We just need to qoute his statement later/he changed his mind after bitcoin hit $100k

Could be one reason, but I think the $6 billion worth of bitcoin expiration might has something to do with the recent dip.

On the contrary, for us Bitcoin has slowly transformed into a store of value isn't it? We have debated this many years ago specially during the 2017 boom. So it is still considered as it, and then companies seeing it as asset on their balance sheet. So no need to panic, we might see it hitting $70,000 next month after another rally.

[Wind_FURY]

in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020,
and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps,
because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it.

jan.     2017   1000
dec     2017 20000
march 2020   3900
march 2021 62000

so 20 to 1 jump to a 5.2 to 1 drop


if we match this we go to

78k
drop to 16-17k

I believe not. The “early adopters” of institutional investors have arrived, with more of them coming to buy Bitcoin. Is it as a hedge, or simply an investment, we can’t be sure, but after the pain of inflation is felt coming on 2022 or 2023, I am confident they will HODL, not SODL and extend the bull market.

[Smitty Werben Man Jensen]

in this year I still really care about what happened in 2017-2018, bitcoin prices rose more than 1000% and fell more than 1000% in 2018-2020,
and currently it is recovering and up 500% from low prices, of course this makes I am more careful in my steps,
because being greedy will be able to make mistakes like in 2018, panic is fine, but don't regret it if you sell it.

jan.     2017   1000
dec     2017 20000
march 2020   3900
march 2021 62000

so 20 to 1 jump to a 5.2 to 1 drop


if we match this we go to

78k
drop to 16-17k

I believe not. The “early adopters” of institutional investors have arrived, with more of them coming to buy Bitcoin. Is it as a hedge, or simply an investment, we can’t be sure, but after the pain of inflation is felt coming on 2022 or 2023, I am confident they will HODL, not SODL and extend the bull market.

During the pandemic, of course, many companies or institutions invest on investment instruments, because we know that the income from institutions or companies must have a difficult, therefore they buy investment instruments, such as Bitcoin, crypto currency or gold, and look at what happened during this pandemic. crypto money and gold are in line with their bullish track, for me instusion is not hedging, but rather just trading and investing, if they have reached the target then they will sell it.

[TheGreatPython]

Don't panic. The reason of this dip just because of this FUD news

The US Federal Reserve chairman warned that Bitcoin and other cryptocurrencies were ‘not really useful as a store of value’ but added that the central bank itself is studying the possible costs and benefits of a digital dollar.

https://www.aljazeera.com/amp/economy/2021/3/22/highly-volatile-powells-not-so-cryptic-warning-of-crypto

We just need to qoute his statement later/he changed his mind after bitcoin hit $100k

Could be one reason, but I think the $6 billion worth of bitcoin expiration might has something to do with the recent dip.

On the contrary, for us Bitcoin has slowly transformed into a store of value isn't it? We have debated this many years ago specially during the 2017 boom. So it is still considered as it, and then companies seeing it as asset on their balance sheet. So no need to panic, we might see it hitting $70,000 next month after another rally.

If a company puts all of their money on the banks (the unused money as just cash) into bitcoin so that they would benefit later when it goes higher, is just a proof that they are actually thinking bitcoin as a great thing that would be valued higher in the future.

Elon musk just tweeted that they will start selling Tesla cars with bitcoin, and that is a great thing I would love to own one but I am at the other side of the world and it would both take many many months to get here and I would have to pay taxes that I would not be able to pay, I do not even have enough for the car but I may in the future if bitcoin keeps going up like this.

So long story short, I think these companies like bitcoin, Elon even said they are not planning on selling the bitcoins they make from the sale of these cars, so I think it is safe to say federal reserve chairman was wrong, wouldn't be the first time.