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Author Topic: People are panic buying right now!  (Read 1833 times)
pauloaragaomelo
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August 10, 2021, 09:51:33 AM
 #41

I suspect, that in the near future the price of bitcoin will also reach the price of $50k. however, the new ATH is still very possible. I'm pretty optimistic about this. In fact, some media write very optimistically that when the price of bitcoin breaks the price of $50k, it is very likely that in the near future the price of $60k can be passed.
You seem to be speculating highly based on the current trend of market movement patterns, although everyone is not prohibited from speculating but you should consider at least $50k almost an increase will reach. We are optimistic that the market will strengthen but not in the near future because market patterns cannot be separated from price corrections.

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August 10, 2021, 10:25:34 AM
 #42

Expecting it from Mid-November to December again as employees will have a lot of money to spare with their Christmas bonuses.
Well, it's earlier, I'll take it.  Grin
Volatility strikes again, you will just never know when these whales starts moving their money to Bitcoin again and somehow let other people feel the regret of not doing the purchase as early as possible.
I have seen lots of FUD and impatient investors, maybe they already sold their bitcoins and not take their chances.
Popcorn, anyone?
davis196
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August 10, 2021, 10:46:03 AM
 #43

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!

I regret that the FOMO phase/bull run started so soon.I wish I could hoard more Bitcoins at a price below 40K USD.I wish the stagnant market could continue for at least several weeks. Sad
Those who were saying that Bitcoin will end are most likely bulls,who wanted the BTC price to drop way below 30K USD,so they could buy cheap BTC.Many "bull" traders were secretly spreading FUD during the spring.
I hope that this price increase won't be another bubble.

 

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August 10, 2021, 10:57:46 AM
 #44

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!

I regret that the FOMO phase/bull run started so soon.I wish I could hoard more Bitcoins at a price below 40K USD.I wish the stagnant market could continue for at least several weeks. Sad
Those who were saying that Bitcoin will end are most likely bulls,who wanted the BTC price to drop way below 30K USD,so they could buy cheap BTC.Many "bull" traders were secretly spreading FUD during the spring.
I hope that this price increase won't be another bubble.

 

To hard to enter right now as many people are getting hype with current market condition so maybe I will try to spot the best time to enter and just watch the chart for a while since I don't want to get FOMO on certain situations, also I don't want to bag hold for long time since doing this is not ideal as I'm not a whale. I also hope that this is not a bubble and we can see more price stretch on next couple of months.

R


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bocyaj
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August 10, 2021, 11:59:21 AM
 #45

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!

Most of time,it will happens.It's like a rabbit and carrot formula.When the price of bitcoin pumped to the value f 3-4 percentage in a day.Surely,we expected huge rise in some potential coin.It's enough for the beginners get  into investment.Most of the time,people earn money from it.Sometimes,they are forced to lose also.

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August 10, 2021, 02:24:50 PM
 #46

So smile at the people who have bought bitcoin at $30k because bitcoin has already passed that price. I'm very excited about the current rise
in the price of bitcoin because I'm definitely going to make a profit. And I'm also waiting for altcoins to rise to the moon as much as bitcoin.
But this is already a sign, if bitcoin continues to raise its price, let alone will have a new ATH, altcoins will be ready to fly too.
Oh, I am sure those people smile when they see the price now reaches $45,895 and they only need to wait for the price to hit their target price and sell it to take profit. Not many of us can have that opportunity to have bitcoin at a low price, but many of us already saw the price is on the dip but do not use it to buy as many bitcoins as we can. You make a profit from this situation and once the price increases, your profit will become bigger. The altcoins will take the time to increase behind bitcoin and I guess that time will not take too long so be patient will be needed.



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August 10, 2021, 02:26:33 PM
 #47

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!
It is not panic buying but considers this will be FOMO. These buyers are afraid to miss the train before the Bullish start again. How do I wish that Bullrun will come back before the year-end but also I was thinking on the negative side what if this is just a trap, something huge drop happen next?

Even there is a massive price increase in the market, I will still be careful with this situation. Maybe I could say that I was in regret of selling it earlier and are not able to wait for the price surge, but knowing that we can't predict the market, it seems to be okay at least we are already secured and in profit.

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August 10, 2021, 03:13:39 PM
 #48

I was one of those people who predicted that when the price plunge to $33k and then sideways, it could be at least touch $25k level. I was wrong.
I was surprised when the price surged from $29k to $40k. I thought it was because of Amazon news. When Amazon gave clarification and correction happened to $36k, that's very defining moment.
If the price increase, I believe that many people believe that Amazon news is actually true. So in my opinion, this is not really FOMO, because if that Amazon accepting crypto (and probably will be followed by other e-commerce) will happen, then even $100k is possible.
I think this one is not the 4 years cycle that btc price would dump to -60%. I think no. Crypto become a lot more popular, a lot of money come to crypto market because many financial institution start to invest.
Defi, NFT and other crypto space/product is also a big push as they offer more lucrative way of investing.
Let's see how much will this bull run peak at. Otherwise there's still a little possibility of this is actually bull trap.
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August 10, 2021, 03:16:58 PM
 #49

Well, it was quite a natural reaction since most people seem to have that idea where they should buy when it's pumping, and not before the pump. This leads to them basically losing a lot of money due to entering the market late, letting those who bought early on profit from their mistakes. I'm not sure if it's full on FOMO, but there is certainly a part of those who bought late that are thinking of it like that. I'd actually wait a few more weeks since it might drop off before the ber months, then go slowly back up from there. We might just exceed the past ATH then.

R


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August 10, 2021, 04:45:41 PM
 #50

i dont think that the pump that we are seeing is caused by panic buyers but theres actually more people that panic sells whenever the price starts to fall  . there are positive news last time and i think that was the true cause of this rise .

Quote
Those who saying bitcoin already end when it was fallen to $30,000 will regret it to didn't buy on that time.
i dont think they will regret for not buying btc but they wont buy a btc because they are btc haters.  its also funny when they say btc ended after it falls to 30k because that price was too high but btc wont end even if the the price falls below 10k but it will only make it more stronger .
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August 10, 2021, 06:03:04 PM
 #51

This is another FOMO for people, not a different thing than that. People see that Bitcoin price is increasing like hell and the other people buy Bitcoin more and more. So, they start to feel like they will miss out a golden opportunity if they don't buy immediately. This feeling affects these people so much that they also start to accumulate Bitcoin suddenly also.

But I must say that FOMO is absolutely not a good thing to do. It might cause you to lose incredible amount of money after some time. People who FOMO are mostly panic-sellers as well according to my observations. They don't destroy only themselves. They harm the other investors also. Because when they start to sell a very high amount of money, it just destroys the market also. And the price starts to have difficulty in staying at its current level as the resistance is weakening. This leads to even a big dump sometimes.

R


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August 10, 2021, 07:38:38 PM
 #52

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!

I regret that the FOMO phase/bull run started so soon.I wish I could hoard more Bitcoins at a price below 40K USD.I wish the stagnant market could continue for at least several weeks. Sad
Those who were saying that Bitcoin will end are most likely bulls,who wanted the BTC price to drop way below 30K USD,so they could buy cheap BTC.Many "bull" traders were secretly spreading FUD during the spring.
I hope that this price increase won't be another bubble.

 

To hard to enter right now as many people are getting hype with current market condition so maybe I will try to spot the best time to enter and just watch the chart for a while since I don't want to get FOMO on certain situations, also I don't want to bag hold for long time since doing this is not ideal as I'm not a whale. I also hope that this is not a bubble and we can see more price stretch on next couple of months.
Same words that we do really hear off often on where people do mention on buying on the right time or when the market is already on red or dip but when that time happens then uncertainty and doubts
is there and still having that decision to wait even more for possible lower prices which its just a normal reaction to have and either way neither some fud or fomo people do have that common reaction
where they do tend to dive in and tend to wait for the right time because humans are most of the time perfectionist when it comes to things without even realizing that the market is way too unpredictable
for you to guess on whats the perfect bottom and whats the perfect peak spot.

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August 10, 2021, 07:41:18 PM
 #53

Let people do whatever they want to do, it has been an insane past 1.5 years, with pandemic and an increase in crypto that is surreal, we should not really judge anyone doing anything. Sure it looks like there is an overbuying going on right now and the price is having a bit hard time keep going up, but look at altcoins they are doing fine for example.

I am not really worried about doing anything excessive, I feel like we should be doing quite fine for now and I am not worried about anything in the future just because some people bought a bit more than they should. I understand that we are not really seeing those 60k+ just yet, but the path for that goes through from these prices and standing here as long as we can, who could say that we can't really see those prices or can't say here? Sure we may go down, that is always an option, but we may go up as well.

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August 10, 2021, 09:24:27 PM
 #54

A lot of naive investors will always have the FOMO whenever the market uptrend momentum is strengthening whereas they ought to have accumulated when the market is in the downtrend condition but despite the positive trend of the market I believe we're in the last appearance of this year bullish market.

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August 10, 2021, 10:17:55 PM
 #55

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!

The frustrated buyers are now ranting to own btc, and what I analyze further was because of predictions that started to state about $100k target this year. Technically this was gaining more interest and I guess everybody really bound to be more positive this time after 50% downfall, then eventually goes back to $45k which is so amazing to see.
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August 10, 2021, 10:23:10 PM
 #56

Then we're going to see $100k. Roll Eyes
But honestly, this is just another typical day for bitcoin that we're seeing. People are only buying when bitcoin is going up but when it's down, many of them don't feel that they should buy at that price because they think of the negative side. In result, they're in fomo and feel that there's a need to rush but the best strategy is to feel that every single price increase, you're part of it and when it's down, you knew what you have to do.

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August 10, 2021, 10:32:22 PM
 #57

Then we're going to see $100k. Roll Eyes
But honestly, this is just another typical day for bitcoin that we're seeing. People are only buying when bitcoin is going up but when it's down, many of them don't feel that they should buy at that price because they think of the negative side. In result, they're in fomo and feel that there's a need to rush but the best strategy is to feel that every single price increase, you're part of it and when it's down, you knew what you have to do.

strategic investors would buy when it is at dip. because if you truly believe the capability of btc, you know that it will rise its price again and again. it may suffer correction from time to time but that's what normal market supposed to do. though you don't know when but the market is already established and as adoption grows stronger, it will be a very good basis why it will continue to make history in the market. don't know what is the reaction of those spectators who are aiming for btc to go below 20k. i suppose that's far from happening atm.

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August 11, 2021, 01:04:59 AM
 #58

Then we're going to see $100k. Roll Eyes
But honestly, this is just another typical day for bitcoin that we're seeing. People are only buying when bitcoin is going up but when it's down, many of them don't feel that they should buy at that price because they think of the negative side. In result, they're in fomo and feel that there's a need to rush but the best strategy is to feel that every single price increase, you're part of it and when it's down, you knew what you have to do.

it has become the behavior of those who have a panicked soul. when the price starts to rise rush to buy and when the price fluctuates a little immediately panic again rush to sell again. they belong to the category of amateurs in the investment business and people do not dare to take risks in investing.

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August 11, 2021, 07:19:53 AM
 #59

Didn't you all see people are still panic buying right now? Bitcoin back to $46,000 and almost all altcoin even on green because of bitcoin price pumped up.

Those who have bought bitcoin when it was above $50,000 or even on last ATH at $64,000, don't worry, it will be back and would even reach new ATH later


Those who saying this is not panic buy, f*ck off
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August 11, 2021, 08:21:36 AM
 #60

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!

People always love to be on FOMO or fear of missing out, we will never run out of these kinds of people who always want to get in while the price is moving up when the right decision should be is you should be buying when the market is down, only people who take the risk are investing when the market is down, I hope the market can keep up and people keep buying we'll go on $50k this month.

Why did Bitcoin in 2017 get hype, then this year Bitcoin surprisingly rose to a price above $60k. It can all happen because of FOMO, these people
are always there every time Bitcoin enters a bullish trend. If we see that Bitcoin has gone up in price these days,  it is possible that FOMO has started
and there is a possibility that Bitcoin will return to $50k this month. We really have to be optimistic about the future of Bitcoin, moreover Bitcoin is
also starting to gain the trust of several institutions. Bitcoin's target price of $100k should be achievable this year.

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