People are panic buying right now!

[justdimin]

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

It's kind of funny that people panic and pull down the price of coins they hold themselves and now they are being a victim of the price hype and buying something for a higher price than they usually should have bought at. I can't comment if the price is good enough to buy or sell but as an investor, we must not panic once the market crashes slightly because us selling only makes the crash worst.

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.

I hope we see a new ATH and even 100k before the end of this year but the point I am trying to make is that people should have some patience. Either we buy because of the FOMO or we sell because of the panic.

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[BuNga_cute]

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.

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started
to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days,
if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

[darkangelosme]

I think this is not the right time to buy some any crypto as of moment August 24, 2021, 04:34:17 PM forum time the Bitcoin right now is slowly decreasing and it will continue till October in my opinion. So it is much better to hold our funds right now and invest at the right time. But it is up to you on how you will gonna manage your funds it is just my opinion only.

[slaman29]

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

For a few hours but not completely conquered it in a day, I have to say. Not that it will take much longer. The bears will look at this with a lot of fear, how even at failure to break important resistance the pullbacks are not so far away.

I wonder how many bears have turned into buyers at this stage, and how many more at 63000...

[zanezane]

I think this is not the right time to buy some any crypto as of moment August 24, 2021, 04:34:17 PM forum time the Bitcoin right now is slowly decreasing and it will continue till October in my opinion. So it is much better to hold our funds right now and invest at the right time. But it is up to you on how you will gonna manage your funds it is just my opinion only.

That's right, depends on your own calls, that's your opinion and we don't know what's going to happen yet so better to wait. I think that we should also be careful and not sell anything yet because you might end up missing out on much bigger profit.

[dezoel]

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.

I don't support buying just because of the Fear Of Missing Out either but for Bitcoins, I think it might be a good mistake to make. The price of Bitcoin might swing down once again after a good run but there is genuinely no reason or valid argument one can make against the true value and worth of Bitcoins in the future.

In 2017, when the price went so high and some people purchased at the peak point, it was termed as a foolish mistake of buying at the peak. But look back now and you will still come out in profit if you only held strong through all these years gone by and the same will happen in the future.

[lizarder]

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's not a good analysis if people say bitcoin this year will go down, even if people can make a bitcoin study from month 1 to now, then there is no logical reason that bitcoin will go down, or indeed because panic makes people unable to properly analyze the condition of bitcoin This year. .

I started doing a little research on bitcoin in the 2nd month, at that time there was no fast movement given by bitcoin, but I still believe bitcoin will give a surprise in the 6th, 7th or 8th month, today this research has been proven and I have convey before in this forum.

[doomloop]

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.

Yeah, but you must also factor in the fact that with the market cap getting bigger each day, it is not possible to see the same growth rate now as we are probably used to seeing from past years.

I give you a small example to explain.

If the market cap is $1000 for a coin, it only takes a $1000 "need" in the market to double the price. If the market cap is $10,000 the same need of $1000 will only help the price by 10%.

I hope this makes sense, I am not sure if the example is accurate but it should suffice to explain my point.

[TheGreatPython]

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days, if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

[OgNasty]

I’m not feeling the FOMO yet. There’s still plenty of bears out there and we’re likely still 2-3 months away from an ETF approval. Wait until Halloween if you want to see what FOMO looks like. You’ll be reading about people mortgaging their house and taking out private loans to buy Bitcoin. I think we’ll see a >$10,000 gain in a single day before this is all over.

[hello_good_sir]

Indeed, I have a few friends who are just getting into bitcoin seeing the recent resurgence.

Be fearful when everyone else is greedy. Even though I am a long term believer in Bitcoin, I think that it'll be a matter of time before this bull market comes to an end and a lot of overleveraged traders get wiped out.

It's okay if you're buying right now, just make sure that you control your investment sizes through Dollar Cost Averaging.

[STT]

Yep its not FOMO froth action, its more steady then that and we are still moving through the slow moving traffic of prior volume at these price ranges.   When or if we get free of any restraint then things become a little loco most likely which is rollercoaster type action but this isnt quite it.
  We are recovering from a pullback to weekly average and just regained 2 day average and rising above that still.

[lixer]

Yep its not FOMO froth action, its more steady then that and we are still moving through the slow moving traffic of prior volume at these price ranges.   When or if we get free of any restraint then things become a little loco most likely which is rollercoaster type action but this isnt quite it.
  We are recovering from a pullback to weekly average and just regained 2 day average and rising above that still.

Yeah, ever since this topic started the price of bitcoin kept going up, and I have to say that I find it interesting and funny because it is obvious that we are not going to keep on buying right now because of panic because the price is actually going up and should be making a profit based on the correct assumption that price went up, not just panic buying.

Panic buying should be said to people who end up buying bitcoin because they saw it go up, and they got panic to buy it, but if the price actually goes up and makes people profit then why would we call it panic, it was a correct decision to buy bitcoin because we made money from it as well. I wish I had more money that I could have used to buy more bitcoins, I still do not have nearly as much as I want to, I want to own 1 full bitcoin and I have a long way to go there and when it was lower at 30k levels it would have been awesome to buy more.

[Dread Pirate Roberts]

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

[South Park]

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.

But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.

[carlfebz2]

when the price starts to bull market, there must be panic buying in the market. and vice versa when the price starts to fall repeatedly, the fomo will also be on the market. in my opinion, it is this habit that makes people greedy in determining their trading style. if I myself because I have decided to invest and trade long term so stay relaxed looking at the market.

Currently there is no panic buying or selling the market. I think the current pump and dump of prices is mostly due to the whales or exchanges liquidating people. In marco terms, big players are holding and they wont sell in panic.

Really hard to point out specifically considering that buyers could neither be those typical investors or something like that and panic buying or simply FOMO could only be determine if quite obvious or evident
when you do hear up soo much noise in the community

but for now we do see its really silent and its just like an ordinary day and if you do really mean to take advantage of the movement then its up to someones experience and skills
on trading.

You should know on how to position yourself so that you could potentially make out some profits.

[Yamifoud]

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.

But you know what is the worst thing? I think they are going to get profits out of this FOMO which means that the next time this happens they are going to do the same thing again thinking they are going to get profits and may even use leverage and when that happens then they are going to face huge consequences as they will lose a great deal of that money, this is why it is important to buy when there is a dip and not when the price is going up, but people like that will probably never get this.

Many people just come into crypto and started investing when the market is hot and it is hyped. I'm so doubtful about this idea but it looks like it was been a practice my most. And this could be the reason for many people are suffering losses and they just blame Bitcoin instead of blaming themselves as that was obviously their fault.
I don't know why, but this FOMO,  panic buying are the things that we need to stop otherwise, we can never see good on us but just a losing ends.

[Rajamuda]

Panic buying sounds better than panic selling, sometimes price movements do make them out there feel regret and sometimes like getting the right predictions to get the results they want.
With price fluctuations that continue to occur as it is today, this is like a natural occurrence that makes Bitcoin more durable/long-lived and more in demand from various investors.

[BuNga_cute]

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days, if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

Sometimes we don't appreciate what Bitcoin has achieved this year, I agree don't be too obsessed with the $100k price. Even if the $100K goal failed
to reach this year, it will someday be achieved. And it doesn't mean Bitcoin is bad if it doesn't reach the target we want. Because as long as we can
make a profit from investing in Bitcoin, that's something to be grateful for. As long as Bitcoin is still on the right track as it is now, I believe holding
Bitcoin is a profitable thing to do.

[Fatunad]

I'm also one of those people who are optimistic that Bitcoin will hit $100k this year, because there's still a few months left for Bitcoin to hit $100k.
This year has been full of surprises, since Bitcoin rose above $60k. So don't be surprised if there is another surprise this year, now Bitcoin has started to show a positive trend by successfully reaching the price of $50k. To reach the price of resistance at $52k can be achieved in the next few days, if the price target of $52k is reached, then there will be FOMO and finally Bitcoin can go back above the $60k price.

I guess that 100k is definitely possible this year, but equally it is possible that we may not reach it as well. The reality is that we should not be focusing on anything like 100k specifically and it doesn't matter if it will be 100k or not. What matters is that if it will go up or not, if we are certain that it will go up then it doesn't matter how much we profit, as long as we keep on profiting that is the most important part of the deal and I believe that we will definitely end up profiting eventually. Which is why I think we should not be focusing on specific numbers, 80k 100k 500k none of them matters, just up or down because that is how you can hold on and wait.

Sometimes we don't appreciate what Bitcoin has achieved this year, I agree don't be too obsessed with the $100k price. Even if the $100K goal failed
to reach this year, it will someday be achieved. And it doesn't mean Bitcoin is bad if it doesn't reach the target we want. Because as long as we can
make a profit from investing in Bitcoin, that's something to be grateful for. As long as Bitcoin is still on the right track as it is now, I believe holding
Bitcoin is a profitable thing to do.

Normal for people do have this kind of common impression which we arent really that grateful on things that we had achieved now.If we do really compare those past prices then we could really
tell that we have reached too far but im not surprised that people wont really be that contented into those numbers that we are seeing as of this moment. Reactions and actions would be
made will be basing into their own perception and views towards things and this is where people do have different takings towards their investment
Some do panic buy and some doesnt really care at all.