People are panic buying right now!

[bakasabo]

If I look on buy and sell candles on trading chart (on coingecko) with 1D interval, I see that the candles are practically identical to what they were in July. Reminder - in July Bitcoin price was around $30-35k. From that, I can say that volumes has increased a lot and people are panic buying, because they expect a rapid growth. Comment please on my notice if I'm wrong.

[kotajikikox]

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.

HODLER trusted the market 100% lol and who is the most successful people in crypto ? those are they , the one that keeps the holding even there is a pump and dump.
yeah there are some who earns in buying and selling but there are also many losers.
while the hodlers keeps earning now and then , they even made thousand multiplied since the buying happens from earlier as 2010.
so never mention not to trust the market 100% because you are completely wrong, it will be depending on your strategy , if you cannot keep the funds longer then do Short term trading but for those who can keep the coins? lol they are the winners .

[LUCKMCFLY]

The BTC Market is giving many turns so that it does not look boring, because the bulls tried to reach the price of $ 48k but they were obtained with a lot of offer and therefore the price went to $ 46k, it is likely that it can push as soon as the supply decreases:

If buyers cannot hold above the moving average EMA55, then the decline may continue to the support of $44,000.

Fuente: https://u.today/btc-ltc-and-ada-price-analysis-for-august-17

For now it is a great time to wait, the volume is growing and it is a good sign, everything indicates that there may be an important movement, however in my personal opinion it would be in Hodl mode and I would look for a way to buy, it does not matter if the price falls , because I have the conviction that it will rise.

[South Park]

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.

At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.

[dunfida]

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.

At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.

People would neither sold or hold their coins according to their needs and preference since not all would really be having that kind of level of patience into holding into something for 3 years or more but i do agree that there are people who could do such thing but this doesnt really apply to all.We do have our own choices and jurisdiction in comes to that manner.

Panic buying is something that can be considered as FOMO.Do it usually happen? Everytime there some increase then it cant really be avoided to presume or having impressions that it might be the start of a bull run.

If percentage rise was significant then its the time on where those observers would taking up some action or making their position.

[janggernaut]

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

[Erdogan]

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

The mood looks positive and I also predict that the bull run will last at least until the end of the year. However, we cannot be arrogant in this. Remember that the cryptocurrency market is very violatile and anything can happen. We can speculate, but we should also have a bit of humility, because there was many large investor that has lost because of such confidence to predictions.

[BigBos]

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

well, actually at this time the price of bitcoin has not reached the price of $48k, and is still up and down in the range of $44k to $47k. however, its speed to rise is quite fast, and it means that quite a lot of people are buying bitcoins in a short period of time. With this in mind, there is a high probability of hitting $50k in these 10 days before august ends.
well, for those who haven't added stock, I think they are currently trying to raise funds to buy bitcoins.

[Devifajarina]

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 have always discussed bitcoin, almost every time I advise people to make a purchase, but at certain times people say bitcoin will go down at an unwanted number.

This month proved what we often discuss, that bitcoin will still be at a very good value, even if the fall is only temporary, I think people will regret this incident, if at some point in time they can't take advantage of bitcoin at that time.

[janggernaut]

See? Heading $50,000 is very near right now as bitcoin touched $48,500 instead goes down to $40,000 or lower.
Whoever bought bitcoin when there was many FUDs, you are deserved to earn huge profit right now just by sitting and waiting bitcoin hit new ATH. Congratulation!!!

[anti-dot]

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.

At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.

But this is where a high number of potential buyers might get excluded if they can't afford to hold for 3 years. You are right given the statistics no doubt about that, but we won't have these amazing returns anymore. Bitcoin going from $1000 to $1000 was more likely then Bitcoin going from $50000 to $500000. It's tougher to invest now depending on the returns you are looking for, but these outstanding returns are less likely. Most can only afford a fraction of a Bitcoin and that might also feel different and somewhat depressing. No idea, we will soon find out where we are going.

[South Park]

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

[Golftech]

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

They are more afraid seeing their investment losing value, instead of thinking positively and buy more coins to hold.

Traders always finding profits but most of them always love to doing quick one but those who can manage to take

a hold and wait for longer time they are the one who will earned a lot.

[Oilacris]

Hahahah people are still panicking right now. They thought BTC will goes down to $40,000 or below but the fact we are going to $50,000 again

Those who saying this is not panic buy, you will regret it later to not stack your sats on current price before it go to the moon

Even if they end up being correct on their decision to buy right now this is still panic buying as they had months to buy for a price nearer to 30k, however as I have said at the end it does not matter, what matters is if you can hold your coins for the long term and I am not sure that a panic buyer can do this as they will get very anxious by every single dip in the market and they could sell for a loss in our way up to a new all time high.

They are more afraid seeing their investment losing value, instead of thinking positively and buy more coins to hold.

Traders always finding profits but most of them always love to doing quick one but those who can manage to take

a hold and wait for longer time they are the one who will earned a lot.

Really hard to tell that they should stay positive because if you are into their situation then you would definitely be doing the same.Why? we are just human beings and we do easily get affected into these kind of situations

and its truly inevitable even professionals or experienced ones would really be having the same problem specially when we are just starting up with this market then its really hard to handle out everything in first time.

Panic buying or Fomo.. Panic selling when there's Fud and as a trader then you should know on how to ride off with the waves and take advantage with it.

[Oceat]

Panic buying or Fomo.. Panic selling when there's Fud and as a trader then you should know on how to ride off with the waves and take advantage with it.

How exactly do you wanna do that?

Well, for me, if there's an opportunity to buy during the dip I always grab it and if there's a chance to sell when the price is high I always take my profit. I think this is what the waves you are talking about. It's not that effective if you are a daily traders because the market price often move high each sometimes it takes more than an hour before it changes to a profitable price.

Anyway, my question is why do people starts to fomo when the price is already high instead of buying when it's cheap? This is always happening everytime Bitcoin price started to pump they are all helping the whales to gain more profit than they do.

[Cafex]

Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.

[janggernaut]

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

[lenovop-70]

Haha when i created this thread bitcoin was only $45,000 and now it's surpassed $50,000. People are panicking to able buy bitcoin under $50,000 and in the end of year we would see $100,000

Seem optimistic it will be $100k this year, and gladly i have some Bitcoin when it was $45k several week ago. Look like this year full of surprises and i hope it will continue positively to around $52k as our next resistant.

[ranaprime]

Since the bull market is going on, there must be panic buying. However, there is no doubt that BTC will set another new record. The market is getting better and better. Panic buying or selling both are prohibited but strategy is yours,how you are applying it.

[anti-dot]

Exactly that is what is happening right now. The market is on the rise at a high pace. People who see this don't want to miss the opportunity of investing into cryptocurrencies and making a good profit. They are just FOMOing now. And FOMO is not a very good thing. It can make someone lose a lot of money in some situations. People should be aware of this before making an investment. Panic-buying is not your friend.

Where exactly do you see the high pace you are talking about? It just turned decently positive. That is what I would call it when you consider it from crypto's history and what pace we have seen before. There were days where the whole market jumped over 25% and that is what I call high pace. For individual coins it was much harder sometimes, they did several double ups in a day.