People are panic buying right now!

[dragonvslinux]

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? Not convinced. Any traders buying in are likely doing so, but long-term investors have been waiting patiently for confirmation of the trend change in order to avoid high-risk investing scenarios. Getting above the 200 Day MA is one thing, a Hash Ribbons buy signal that we haven't seen since sub $20K is another. Especially when it's after the most aggressive miner capitulation since 2012! This is just the beginning, it's not about missing $30K, it's about missing the current uptrend.

[jostorres]

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.

People should realize that buying bitcoin is good at any price, not just this price. I understand that buying at 64k looks like a bad deal right now, because you could have bought less than 50% of that which is why people think it was a bad idea. However, if you look at the bigger picture, buying at 20k was seen as a bad idea because it dropped to 3k at some point, which made more than 20x return afterwards, and yes if you could make 20x return that’s great, but even 20k made 3x in few years, so I do not think that it is totally bad neither, it is just bad in comparison and that’s it, being bad in comparison doesn't equal to being bad directly.

I honestly believe that we should be looking at the bigger picture, even at 64k, one day we are going to see that bitcoin will be 200k+ and everyone who bought at 64k and waited will be in big profit as well.

[South Park]

Well most of the people are really panic buying right now. I think it is a very late action, but it is better than nothing, I am also not buying that time, but for now I will buy few amounts and I really do hope that btc will continue to rise up high before this year end. It is a little bit risky right not but I believe that risk comes with a profit if we didn't take the risk we also didn't earn and that's what crypto is.

They are late if they are only thinking on the very short term, but even if they plan to hold only to the end of the year I think they still have huge chances of making good profits if they can hold for that long, while those that are planning to hold for years or even decades are making the best investment they could possible make during their lifetimes, as it does not really make a lot of difference if you bought at 44k or 45k if the price of bitcoin during the next decade reaches one million.

[janggernaut]

Bitcoin sitting $47,600 right now. Who did said this wasn't panic buy?

We are close to next crazy bull run, and it isn't not a surprise if BTC will be broke last ATH at $64,400. When that time comes, those who said this is not a panic buy will regret didn't accumulate when bitcoin was below than $50,000 or even when it was only $30,000. 

[anti-dot]

If this is true, we are probably going to see a lot of people that will come to this forum and rant about the dump in prices and how they regret buying at X price point because they're the people that OP here is talking about. I hope that they're not panic sellers too because if a rug pull happens, shit will hit the fan for the market and for those panic buyers.

now the bitcoin chart shows a downward flow, seems to be undergoing a price correction. Is this caused by their panic selling, if it is. it becomes a countercurrent, one sharp current vying to buy and another vying to sell. we are a little confused who will be the winner. let's see tomorrow the price of bitcoin is back in the pump or back in the dump!

It happened when weekends were almost there, those who earned are now securing their profits. Plus those that

 fears to lose more are also cashing out for much lesser losses. It's difficult to conclude if what directions.

the market will go, all depends on how you understand the situation.

Yes but psychologically new levels have already been established in the $60k range. Bitcoin always went back to where it came from relatively easily once it gets going. People know that $65k is not impossible because we have already been there. They'll analyze the past and might think, well if we go back to $65k this time we can go make it seven figures. Every ATH, even if we crash right afterwards, still leaves positive impressions in the minds of investors. In the beginning they think we can never reach that level perhaps, but if you were there once, it can be and will be done twice. The market is far from saturated and there are so many more people who do NOT own Bitcoin yet.

[asrinur]

People are so excited about the prospect that bitcoin is bringing up these days. Especially with the prediction that bitcoin could rise to $100,000 over the next decade. Hence the reason why people are competing to invest in Cryptocurrencies. Because when the price of bitcoin soars, people who have coins are certainly happy, on the other hand, when the price goes down, not a few people see it as an opportunity or a loss.

[Roidz]

Bitcoin sitting $47,600 right now. Who did said this wasn't panic buy?

We are close to next crazy bull run, and it isn't not a surprise if BTC will be broke last ATH at $64,400. When that time comes, those who said this is not a panic buy will regret didn't accumulate when bitcoin was below than $50,000 or even when it was only $30,000. 

Everyone will want to buy it when the price is cheap, but they are worried the price will go up or not, and in the end they can only regret and say to themselves  if they had bought they would surely have made a big profit now , and usually those who do not dare to take risks will always be filled with fear in investing and in the end they end up with long regrets.
 In my opinion, even though the price of crypto in the market is now starting to improve, of course there is still an opportunity for us to buy altcoins or bitcoins, because currently bitcoin has become an investment asset that is favored by many people and the possibility of price increases can still occur in the future.

[EdenHazard]

People are so excited about the prospect that bitcoin is bringing up these days. Especially with the prediction that bitcoin could rise to $100,000 over the next decade. Hence the reason why people are competing to invest in Cryptocurrencies. Because when the price of bitcoin soars, people who have coins are certainly happy, on the other hand, when the price goes down, not a few people see it as an opportunity or a loss.

some peoplr aware that the price of bitcoin could go up $50,000 when bitcoin price was only $500 including me.
but cant resist to go all in sell them all at $10,000 , and guess what..  we bought them all again at $20,000 but the price goes down to as low as $3k back in early 2020 , mathematically we are still in profit but shit happened and cant buy more when it was dropped to $3k , in the end situation forced to cut the lossess on $5k..

we can only watching now no matter it is a FOMO or whatever.. bitcoin will always worth to buy in any price if you are a believer.

[stadus]

People are so excited about the prospect that bitcoin is bringing up these days. Especially with the prediction that bitcoin could rise to $100,000 over the next decade. Hence the reason why people are competing to invest in Cryptocurrencies. Because when the price of bitcoin soars, people who have coins are certainly happy, on the other hand, when the price goes down, not a few people see it as an opportunity or a loss.

some peoplr aware that the price of bitcoin could go up $50,000 when bitcoin price was only $500 including me.
but cant resist to go all in sell them all at $10,000 , and guess what..  we bought them all again at $20,000 but the price goes down to as low as $3k back in early 2020 , mathematically we are still in profit but shit happened and cant buy more when it was dropped to $3k , in the end situation forced to cut the lossess on $5k..

we can only watching now no matter it is a FOMO or whatever.. bitcoin will always worth to buy in any price if you are a believer.

Definitely because if you are just willing to hold, you will surely find an opportunity to sell at a good profit. Bitcoin hit $60,000 already, we thought that $100K is just too much for just a short period of time but we were surprised in the past bull run, so there's no reason to discount the success of bitcoin and we should still continue to be bullish so we will not be surprise again.

[Furious 7]

Bitcoin sitting $47,600 right now. Who did said this wasn't panic buy?

We are close to next crazy bull run, and it isn't not a surprise if BTC will be broke last ATH at $64,400. When that time comes, those who said this is not a panic buy will regret didn't accumulate when bitcoin was below than $50,000 or even when it was only $30,000. 

It's going to be close to insanity now that bitcoin has stood above $47k likely at the end of august there's something better in the face of the bullrun so i think the madness must have been pump-wide, (i know it's just my speculation) but i guess there's so that's not to miss in panic buying so they continue to intensify the price is still under $50k because the true ATH before it will surely be reached again soon.

Not sure to $30k again we are just waiting for a moment of correction or $43k after that I will set a lot of stacks for bitcoin.

[AmoreJaz]

This was the problem sometimes if the price is on dip no one wanted to buy because they expect a continuous dip it is normal because no one wanted to loss, that is why only experienced person gain a huge amount of profit because they always considered dip as a great opportunity of buying. People who do panic buying is the people also who do panic selling they are newbies and if they doesn't change their strategy they will always loss.

same old story. what can we expect from the people? if it is down, people are afraid to buy, but once it goes up, they will regret that they haven't bought when it was in dip. but for those true believers, they will see a very good opp when it is in bearish market. but of course other than btc, you also need to look for valuable coins that will recover once the market is green. users here will learn their lesson thru time. newbies will not forever be newbies, they will learn their own lessons and will use it to continue their journey. however, some will turn away esp those who lost their lifetime's savings.

[ultrloa]

Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.

[stadus]

Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.

It's only FOMO if don't have a realistic target to sell, it's still good to ride even if the price is pumping because, in short term, you can be profitable with good timing. With how the price is moving now, it really gives the impression that a bull run is still here and we might again see a big run in the last quarter of the year, just like last year.

[Golftech]

Yes but psychologically new levels have already been established in the $60k range. Bitcoin always went back to where it came from relatively easily once it gets going. People know that $65k is not impossible because we have already been there. They'll analyze the past and might think, well if we go back to $65k this time we can go make it seven figures. Every ATH, even if we crash right afterwards, still leaves positive impressions in the minds of investors. In the beginning they think we can never reach that level perhaps, but if you were there once, it can be and will be done twice. The market is far from saturated and there are so many more people who do NOT own Bitcoin yet.

There are still lots of people who are not into this business, if more will see the benefits then yes

the value will continue to rise, currently we are moving good and the market still bringing good amount

of profits to those who managed to buy at the bottom, they have good profits now.

[BobK71]

In crypto market it is very difficult to control individual emotions. Here panic means that we have no trust in the market . Neither panic sale nor buy can be expected. To do better you must enter the market early.

[STT]

FOMO froth is not especially apparent right now, we do have momentum with some resistance it could pullback moderately and still remain bullish.    Just waiting to see which way it'll go, Dollar index isnt doing much but general market has some apathy as to further gains possible.



Most obviously if we do trade below 200 day then 42k is about my near term target downside and I still think thats just a wavering situation rather then especially negative or harsh rejection of these higher prices.

[chikading2016]

As expected people are really doing panic buying everytime when the price start to rise, it is still profitable but not as much as the profit that we can get when we buy on dip example of dip is the price of btc from 2018 to 2020. However we can still buy it today but there is small risk due to the continuous rising of the btc price.

[stomachgrowls]

As expected people are really doing panic buying everytime when the price start to rise, it is still profitable but not as much as the profit that we can get when we buy on dip example of dip is the price of btc from 2018 to 2020. However we can still buy it today but there is small risk due to the continuous rising of the btc price.

As always and its a common behavior and nothing surprising.  8)People would make out some panic buying when it starts to climb up without even minding about possible bull traps.

Even myself do still really have this kind of behavior too because its never been easy to look for the possible bottom but due to some technical  analysis then you could really make out some presumptions.

This is where risk management do matter which would be entirely be different to each trader/investor.Act according to your knowledge and some mix of gut feeling.

[Boov]

They're not really in panic, but what's ending up was both bull and bear market competes so intense. Maybe there's slight panic buying when price started to show rapid increase, but that doesn't mean we're going to trust the market 100%. We still have to consider possible crashes, and I think it's not easy to control because our emotions was too weak specially to new traders who risked their money without knowledge.

[ultrloa]

Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.

They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.

It's only FOMO if don't have a realistic target to sell, it's still good to ride even if the price is pumping because, in short term, you can be profitable with good timing. With how the price is moving now, it really gives the impression that a bull run is still here and we might again see a big run in the last quarter of the year, just like last year.

Yeah its good to ride if they have experience to do such thing but if they are newbie and just been hype for the current situation for sure they will left behind without knowing their next plan if the market suddenly collapsed. But for veterans these kind of situation is a gold pot since they have target price to sell when market is currently running so good or been hype by certain institution. That's why we need to learn many things if we want to trade since some other technical stuff would really help us to define the possibly outcome of market in certain days.