Don’t Panic IV

[decodx]

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.

The main point here is this is new and exciting. Hopefully, consumers will see value in the product and not be put off by government is attempting to regulate or tell them what they can and cannot do. So far, so good.

[STT]

Looking at price right now its through 7 day average and not holding at monthly especially well either which makes its a reasonable call we do pullback to a greater extent to at least the 50 day average as occurred earlier this year on the initial sell off.   Thats quite alot of selling now but still not a move into grander amounts overall.
   Its likely part of the larger picture in relation to euro weakness, ongoing virus concerns and some tightening of monetary standards limiting speculation for now.   Its still an elevated price thats risen for a great amount of time now which means even when lower its still far ahead of many long term expectations previous to this move, I long thought 200 day average would be what occurs but just 50 day is considered quite negative.

[pilosopotasyo]

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

[Shasha80]

I appreciate that the opening post has made the fourth don't panic thread, because Bitcoin holders need to be reminded many times in order
to understand that the price of Bitcoin is volatile, so if the Bitcoin price falls suddenly they shouldn't panic. Even though it has been given
the understanding not to panic, still, in the end, there will always be Bitcoin holders who panic and sell their Bitcoin for under the purchase price.
So even though this year Bitcoin has risen very quickly and has benefited many people, on the other hand there are Bitcoin investors who have
suffered losses. Finally, investing in Bitcoin that determines success is how we analyze the market and control the emotions we have.

[Reatim]

There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today.  2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs.  At least that’s how I’m seeing it.

As to why this is..  No idea.  Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up.  But I’m pretty sure the bull market not over.

I Love the concept of your posting mate , imagine this was been the 4th Don't panic thread you created to help Boosted people that has been frustrated because of the read market .

And some alts are in the green.  Decoupling?  Alt szn?

I am also being distracted about what is market doing now , while bitcoin and other main coins is dropping hard , some altcoins are gaining high.

[pooya87]

I am also being distracted about what is market doing now , while bitcoin and other main coins is dropping hard , some altcoins are gaining high.

There are no main coins, there is only a main coin which is bitcoin. The rest are following bitcoin unless they had a pump. This has been the case for as long as the altcoin market existed. For example during 2018 when bitcoin was dropping, every altcoin was also dropping at a higher speed but there were a handful of altcoins that were selected every week for getting pumped which went up for that week then got dumped the next. This trend is still ongoing.

[tokeweed]

^  The thing is to look for the alts that are still trending up against BTC.  That’s why I look at and put more stock on ALT/BTC pairs than ALT/USD pairs.  BTC is the leader, so anything outperforming that wins you some money in the long run.

Like..  *cough* shill mode *cough* SXP/BTC.  It just started to trend against BTC this year.  As to why, I have absolutely no idea.  Prolly alt szn.  Rofl.  I just look at the price.

[sunsilk]

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

[sheenshane]

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.

And most of them are relatively new in Bitcoin investment, they don't fully understand yet how Bitcoin investment will work and should have wait for a perfect time to sell.  And yet, I tend to agree that there are various reasons why people selling their Bitcoin in the middle of the correction, there could be mixed emotions, and it might come of them afraid to lose the potential profit that they could be earned if there's a bull trend.

The market now has a resistance after having a short pullback, probably it's a part of being volatile nature of Bitcoin.

[plr]

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

We are in a different era now, investors should let go of the past and just concentrate on the future, people are quick to sell because of the bad memories of what happened in the past, they still did not forget the bad memories of 2017, and also congratulations to those who helped us reach the $56k by buying and strengthening the buy order, for a more stable price. 

[decodx]

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

We broke the new ATH limit just two weeks ago. Since then bitcoin has gone through a pretty wild ride. By the time I wrote this, bitcoin was back to $56,000 and maybe within the next 24 hours we're going to go back to $60,000.
I'm not sure all those who panicked and sold will come back again. They were probably good long-term holders. Unfortunately, some have overreacted.

[bitterguy28]

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

What i want to congratulate are those who Bought more when the price drops down tp 51k  because they are the brave and real supporter of Bitcoin.

Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days .

[Chato1977]

Thanks for always Heads Up mate , This is what the community needs , Boosting us for more Holding and keeping strong while the market is bleeding.

No wonder you can still uphold your coins when there is a threat of dumping badly.

[wiss19]

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

What i want to congratulate are those who Bought more when the price drops down tp 51k  because they are the brave and real supporter of Bitcoin.

Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days .

I am nearly one of those people. I bought at 52k and not 51k, but it was going down and not after it went up from 51k, so it was still a falling knife when I was buying. I always buy bitcoin no matter what the price is or what it was so it is not really a big difference to me, I always assumed that bitcoin would go up in the long run which is why I do not end up selling my coins, I used to sell them, I even got out completely at one point, but I realized how big of a mistake I did later on.

This means I will buy if bitcoin goes from 55k to 20k as well, I do not care what the price is, it could reach to under 4k again if it wants and I will still be buying bitcoin, probably more because of that. Of course I do not think that it will ever go down that much again, that was once upon a time and now it is gone and we will be always high from now on.

[sunsilk]

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

What i want to congratulate are those who Bought more when the price drops down tp 51k  because they are the brave and real supporter of Bitcoin.

Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days .

You're on point, also those people who have bought a lot during the dip. They're just ignoring that bad news that have come out and they don't care at all what was that news and FUD have said.

We are in a different era now, investors should let go of the past and just concentrate on the future, people are quick to sell because of the bad memories of what happened in the past, they still did not forget the bad memories of 2017, and also congratulations to those who helped us reach the $56k by buying and strengthening the buy order, for a more stable price. 

That's one reason of those people who have probably panicked sold, it's also that they have held for a long time and that it's still a good price for them to sell because they're already in profit.

[Baofeng]

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

What i want to congratulate are those who Bought more when the price drops down tp 51k  because they are the brave and real supporter of Bitcoin.

Those strong hands and belief are now in profit already , While others are starting to sell out , they manage to buy more and more to add strength to the the value of Bitcoin those days .

Yes, I'm sure there are a lot of traders who bought at that price and then sold again when the price hits $56k, to make instant profit. So I wouldn't call them brave or real supporter, just here to make money from this dip. Checking the price today, it goes down to $55k, which mean my theory was right. In any case, just 1% dip, nothing of big, it will be start of trading in Asian market now, let's see if if could bounce back and recover to $56k or higher.

[tokeweed]

^  It could also just be another shake off by whales before going back the trending up again.  All sell downs looked and seemed like they’re pretty much controlled for the most part.  It’s also prolly cos holders have more trust in this trend than ones in the past cos Musk and co are coming in..?

[elisabetheva]

^  It could also just be another shake off by whales before going back the trending up again.  All sell downs looked and seemed like they’re pretty much controlled for the most part.  It’s also prolly cos holders have more trust in this trend than ones in the past cos Musk and co are coming in..?

the possibility that what lies with the @elonmusk effect really influences what happens coupled with other company colleagues who are also supportive of it. anything can happen and it can't be avoided. What is really positive, of course, if what you say is that shareholders believe more in such a trend and usually it cannot be avoided because everything needs something that encourages you to believe more with strengthening information.

[LogitechMouse]

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

This thread and the future threads that will come up will be for the people who are panicking more often whenever they see the price of the coins they are holding going down. Of course there are nothing wrong when you are selling because we have many reason why we are selling. What's wrong is when the people are panicking therefore, they are selling at a loss which is a bad thing to do unless you have reason to do it since there is a thing called stop-loss .

For us long term people, no need to panic because we know and we believe that Bitcoin will be above of the current price within the next years. Lets just be patient, accumulate more and be happy with the profits that we have. Panic?? What is that?? I'm not panicking at all .

[bitzizzix]

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

This thread and the future threads that will come up will be for the people who are panicking more often whenever they see the price of the coins they are holding going down. Of course there are nothing wrong when you are selling because we have many reason why we are selling. What's wrong is when the people are panicking therefore, they are selling at a loss which is a bad thing to do unless you have reason to do it since there is a thing called stop-loss .

For us long term people, no need to panic because we know and we believe that Bitcoin will be above of the current price within the next years. Lets just be patient, accumulate more and be happy with the profits that we have. Panic?? What is that?? I'm not panicking at all .

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.