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Author Topic: People are panic buying right now!  (Read 1811 times)
stadus
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August 09, 2021, 04:36:42 PM
 #21

When there's positive news, it makes the market bullish, and definitely people will buy.

With the big percentage of increase in 1 week, I can tell that there's a bullishness happening now, and bitcoin could easily jump up to $50k we already witness it happen before. Let's ride with the flow, who knows in just a very short period of time, a new ATH will be witness again.

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August 09, 2021, 04:56:12 PM
 #22

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!
Panic buying is not usual term we do have for this kind of behavior of markets which is usually termed as FOMO.
But, I guess it would be too early to assume about the phase of FOMO in bitcoin markets because we just recovered from more than 50% correction and slowly entering into stronger bullish mode and only after market jumps all resistance levels usually FOMO will get into actions.

When everyone is looking to get in at possible cheaper prices then obviously it would be right to assume always FOMO is in action. In that sense, we can say that right now bitcoiners are trying to catch lower prices which takes markets to new high in short period of time itself.
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August 09, 2021, 05:06:58 PM
 #23

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!
What can I say those people never learn, a great deal of those that have been here for a long time are always recommending people to buy the dip and tell them that bitcoin has the tendency to go down in value from time to time but it always recovers and you can make profits as long as you hold your coins, but they never listen, they sold their coins at the lowest possible point and now they are buying at a high point, now I will not have a problem if they held their coins as they will still make profits if they buy at the current levels, but someone making those kind of movements has a very low chance of doing something like that.

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August 09, 2021, 05:10:08 PM
 #24

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!
Negative news that makes them panic-supposedly-think crypto has risks and challenges-a way for someone to be patient in investing-trading.

Only brave and thinking people can produce the highest profile of Bitcoin-the rest are timid, doubtful and don't believe in themselves, what they are doing.

BTC
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August 09, 2021, 05:11:54 PM
 #25

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.
LONG LIVE BITCOIN! TO THE MOON!
When the market goes down the sentence will be polar opposite and everyone starts crying about the market, the market will move in either directions and even if the market went down anyone with a common sense will know that the market will rebound in the future, it might not happen immediately but eventually the market will move up and i wont be surprised if we see any minor correction yet again.
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August 09, 2021, 05:15:07 PM
 #26

Starting of a correction, every users be like: "It's the end of bitcoin and no more rebouding or bullish rally" When correction is done and bitcoin started to surge back to it's previous position, every users than: "Buy more as bull run, still on the way" .  Grin Grin Those users who get into fomo, can't be satisfied whether it's bullish rally or correction time. So be a diamond hand hodlers and don't fall for any traps even it sounds like an another bullish rally or not. In the long run, panic users won't get anything except losses.  Wink

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August 09, 2021, 06:02:45 PM
 #27

This is called FOMO and it is not a good thing actually. Because people will always continue to buy until the price stops climbing. And if the price dumps again, people will make a huge loss. Instead of doing this, people should have a roadmap for themselves. They should plan all of their investments and abide by the rules or goals they set. This is the best way to manage our investments I think.

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August 09, 2021, 08:28:27 PM
 #28

This is not "panic" buying, this is just a hype, it happens all the time in the crypto world, we see these kind of increases at all times. I have seen it a million times before when the price of a coin goes up, people end up buying even more of it and it continues to go up. However do not believe for one second that this will be forever, it will eventually be going down again, we have seen 4k in march of 2020 and seen 64k in may of 2021, nearly a year difference and 16x increase, did that kept going up? Of course not, eventually it started to go down and the price was under 30k just a few weeks ago.

This is basically what we should be looking at, just the fact that bitcoin price is going up right now should not make us happy and forget about the falls, we should be focusing on what could happen. I personally hope for the best, but I am getting ready for the worst as well.

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August 09, 2021, 08:59:41 PM
 #29

Well Bitcoin is not totally back in its current position, but I guess we can not call it a bull market yet, but the price is increasing slowly but surely, and the FOMO is buying while the price is increasing if this keeps up, the price will increase in a premature manner, but maybe the price is increasing because of the hype of the NFT games, and Defi games, right now we are in the age of the crypto game era, last time I check even though Bitcoin price is in the stasis, crypto games are doing well and increasing smoothly because of its own economy, and you guess it right when there a hype there is FOMO every where.
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August 09, 2021, 09:04:48 PM
 #30

It is going to stabilize it again just as the usual that we always see after seeing some quite good pumps.

If people are in FOMO, it's scarier than the usual run that we want to see so that every gain that bitcoin reaches, it's going to be sustainable for a longer time.

And it's going to stay at those better prices longer.

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August 09, 2021, 09:21:54 PM
 #31

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!
They are not panic buying, they are just buying because they see an opportunity to make money, if there’s a panic buying then we should be on the price of $50k already. This is normal, every time the market recovers people will come and buy again because they believe the bull can happen and the correction was done already.
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August 09, 2021, 09:22:14 PM
 #32

Why is it called panic buy? it just looks like demand is bigger than sales, it's only natural that this year has been a bullish year for Btc. And I think the prolonged pandemic is also the cause of increased buying interest, where people are confused about looking for a little extra income.

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August 09, 2021, 09:22:43 PM
 #33

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!
Panic Buying or FOMO is just really the same but i dont see that much to be on that case since $2000+ movement isnt something rare or non usual thing to happen here on crypto specially with bitcoin.

This  had been a typical movement and we had  just recognized for it to be that something unusual because we had seen bitcoin been moving sideways for a while now.

and when it moves on this scale then  it turns out that we do get surprised which it isnt really that something to be have  that kind of  reaction.

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August 09, 2021, 09:45:09 PM
 #34

I wouldn't say people are panic buying since the movement of the price lately made it predictable that it will surge at some point, unless seeing it rising constantly and passing $50k then $60k again I prefer to say it is a normal volatility.

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August 09, 2021, 10:17:06 PM
 #35

Haha now people are panic buying now as you can see bitcoin price already bounce back from $43,000 and back to $45,000 now just within a day. Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.

LONG LIVE BITCOIN! TO THE MOON!

Exactly, that's the reality of what's been happening right now on current price. Demand arises after several positive news came out, so to those in regrets right now they're trying to ride with the uptrend situation of btc price. Predictions is now doing great, and it's actually attracting more investors and new traders to start an entry point for their trading career. Sooner we will see $50k again pumping until $60k.

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August 09, 2021, 10:58:38 PM
 #36

Panic buying will always occur when the market is bullish as it is now, this is indeed a good thing that can push Bitcoin prices to rise even higher.
But on the other hand, panic buying will only make us buy Bitcoin at the peak price, even though the market often changes direction suddenly.
Therefore it is important to have knowledge, so that we can decide a good time to enter the market. For the past few days, the market has been
looking bullish. so it is very likely that the price of Bitcoin can reach the price of $50k in the near future and will continue to return to the ATH price.
But caution is needed when investing in Bitcoin, because the price of Bitcoin is volatile, making Bitcoin at any time the price can fall.

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August 10, 2021, 08:16:32 AM
Merited by Symmetrick (1)
 #37

It's amazing how people refuse to understand some things and constantly make the same mistakes - and most buy BTC only when the price goes up, instead of doing the exact opposite.

Psychologically people are more inclined to buy the trend than buy low.
In many cases this ends up by buying high and selling low, but.. yeah...  Roll Eyes

If you don’t know why you should invest in Bitcoin? If you don’t know why you should have a sense of peace? If you don’t know how to develop a long-term financial plan? If you don’t know how to distribute your income scientifically? For example, if you remove the expense of cigarettes and invest in Bitcoin, you will not only have wealth accumulation, but you will also have health. What if you don’t know how to improve your knowledge of the Bitcoin network? Then I advise you not to invest in Bitcoin. Perhaps you have made a lot of money, but I will tell you that you are just lucky and will lose your wealth sooner or later because of your subjective reasons. Please believe me, this is true.
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August 10, 2021, 08:44:08 AM
 #38

I wouldn't say people are panic buying since the movement of the price lately made it predictable that it will surge at some point, unless seeing it rising constantly and passing $50k then $60k again I prefer to say it is a normal volatility.
Well the surge is because people are panic buying, trying to get into the market as soon as possible so as to get the biggest profits as much as possible. It became predictable because there's a surge and there's a lot of bullish news lately.
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August 10, 2021, 08:58:32 AM
 #39

Price out of their reach? What you mean by that. No one force them to buy whole bitcoin. They can invest as much as they want buying fraction of bitcoin.

I was thinking that most people would still choose to have 1 shitcoin worth $500 rather than 0.01 BTC, it's just a matter of numbers. When I talk to people about it, they mostly think that way - because they think they get a very small percentage of something for the money they invest. No one disputes the fact that everyone can buy maybe $10 worth of BTC, the thing is that many are looking for cheaper alternatives that may bring them big profits in the future, because at the end of the day for most it all comes down to profit.

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August 10, 2021, 09:35:45 AM
 #40

It's amazing how people refuse to understand some things and constantly make the same mistakes - and most buy BTC only when the price goes up, instead of doing the exact opposite.

Psychologically people are more inclined to buy the trend than buy low.
In many cases this ends up by buying high and selling low, but.. yeah...  Roll Eyes

If you don’t know why you should invest in Bitcoin? If you don’t know why you should have a sense of peace? If you don’t know how to develop a long-term financial plan? If you don’t know how to distribute your income scientifically? For example, if you remove the expense of cigarettes and invest in Bitcoin, you will not only have wealth accumulation, but you will also have health. What if you don’t know how to improve your knowledge of the Bitcoin network? Then I advise you not to invest in Bitcoin. Perhaps you have made a lot of money, but I will tell you that you are just lucky and will lose your wealth sooner or later because of your subjective reasons. Please believe me, this is true.

I'm not sure whom you intended to answer and I'm not sure what you understand from the conversation, but something doesn't matching here.
If you use translating software for understanding what's discussed here then you clearly need a better one.

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