People are panic buying right now!

[TimeTeller]

Panic is a bad thing, an investor must have an analysis of when to buy and sell, if we panic then we will not be able to think realistically and only rely on instinct and continue to learn analysis is something we must do to become a successful investor.

It seem that panic is more synonymous with traders than with big investors. People experienced in bitcoin investing know that when there is a price correction, they just have to sit back and enjoy it. If they have more capital then they will also buy more bitcoins at low prices so when the price rebound they will get double return. Market correction and recovery cycles are very common, so when we pay attention to them, we can also take advantage of them.

Some of the big investors can wait long time because they are not in a hurry to cash out their investments.
Whereas, for small investors or traders, it is like their bread and butter, so panic mode is quite normal when they see the price declining or rising.
And most of the time, people are buying when they see the price is going up, it should also be the other way around.
When we see it going down, it is good time to buy. However, it may be true with bitcoin but for other alts, you need to do some evaluation.

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[Similificator]

One thing to be done if you are not an investor that only hodls for long term is to be prepared before jumping into this industry. Even investors that hodl for long term invests in knowledge. So it would be best to have knowledge first and then train yourself to have proper discipline and have a plan that you strictly follow. Because without these, anyone is bound to lose. Yes, the lottery like lucky moments do but it doesn't hapoen offen nor does it cost cheap. The vast majority of ordinary traders like most of us are better off chipping out but by but from that pile of gold persistently and patiently. And how can we do this? Knowledge, experience and wisdom!

- Remember, survivor bias is real; you will always hear about the jackpot winners but not about the ones who have gotten their life savings liquidated.

- on a side note, comparing the RSI levels from the previous ATHs to the one that just happened recently last month, I can say that we really have a huge chance to reach 72k+ then 80k+ this year heck, we may even reach 100k and beyond if we break that 100k psychological resistance this year or in the 1st quarter next year. What I am saying is that bitcoin still has a lot of wiggle room. The big whales and big institutions are probably just stacking up on cheap prices. And as more bug names decide to swarm bitcoin, the current circulating supply is too little. Just keep that in mind.

Now about the retracements happening, don't stress too much about it. People at some point will take profits and that's fine, it doesn't mean it's the end of the world. If you really know about the potential of not just bitcoin but this whole industry, you will be at ease knowing that this is just another cycle within a bigger cycle in the crypto market. And if that doesn't cut it, zoom out and see how the charts show you how insignificant a few minutes, hours, days, weeks, and months are.

-hope this helps the beginners.

[Furious 7]

Panic is a bad thing, an investor must have an analysis of when to buy and sell, if we panic then we will not be able to think realistically and only rely on instinct and continue to learn analysis is something we must do to become a successful investor.

It seem that panic is more synonymous with traders than with big investors. People experienced in bitcoin investing know that when there is a price correction, they just have to sit back and enjoy it. If they have more capital then they will also buy more bitcoins at low prices so when the price rebound they will get double return. Market correction and recovery cycles are very common, so when we pay attention to them, we can also take advantage of them.

Big investors will not be affected by anything but when they want to do something there must be an influence on market movements, with that the average panic is indeed traders who try with a short time and they will really panic if there is something let alone a decline whether to buy or wait of course this will become restless but it's still a lot like this even beginners can feel it.
Big investors will sit back and watch how other traders react to the market being corrected and will inevitably panic buy or sell.

[Stedsm]

@OP, it wasn't panic buying but IMHO a counter move by one institution to beat another institution's short. BTC was going high so quick that it needed a correction because there were very big order blocks with lots of liquidity available downside, due to which they took the liquidity and in a very small timeframe, other institutions broke their silence in driving the price back to a new ATH. Correction is a part of everything, nothing can go straight up or straight down.

[Oilacris]

Panic is a bad thing, an investor must have an analysis of when to buy and sell, if we panic then we will not be able to think realistically and only rely on instinct and continue to learn analysis is something we must do to become a successful investor.

Panic buying without using any indicator to know what is possible to happen in the next few days is too risky, this is normal to many investor who just rely in news or media not knowing any risk they are facing when market corrected. I also experienced this feeling when your in a hurry to buy it regardless of price and later disappointed because its just a fake breakout, happened many times to me before but now I learned how to control my emotion and think properly before doing any trades.

Panic buying would always be seen on times on where the market is really  moving up which people didnt really want to miss up the train that

they are currently seeing that the price is going up or everything on the market or community is really hyping up something which as a common trader or investor you would really get easily hooked up when youre inexperienced.

Emotion handling is crucial on these times because you wouldnt know if you had done the right or wrong step.