People are panic buying right now!

[virasog]

I don't think it's panic but immediately get a cheap price because the price of bitcoin in 2 hours has gone up about 7%, I still remember when I wanted to trade with ethereum the price of bitcoin was around $50800 but after 2 hours now the bitcoin price was $54k,

There really are panic buyers. They only buy when there's an action for bitcoin and they don't buy if they see the price of bitcoin doesn't move a lot and that's why they don't have concrete plans and they're missing the dips because of that attitude towards the market.

Correct, people always panic buy and panic sell. I don't understand why they do so.  Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money. Retail investors always fomo buy and later complain when they are in a loss.

[carlisle1]

Correct, people always panic buy and panic sell. I don't understand why they do so.  Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money. Retail investors always fomo buy and later complain when they are in a loss.

That's what they mostly do, buy when hypes are ongoing, then sell when they already seen losses from their initial investment.
It's not the right way of investing, not only with crypto, but in every venue where trading is present. But low and sell high if you want to earn decently.

Not doing the right thing will cause to lose your money,  most of the time, the complaint coming from people who lose their investment due to panic is because they are lucking of proper understanding, they just go with the flow and always following what most are speculating inside the market.

Don't be a blind investor, but it's wise to work with your own understanding. It saves you a lot while working in this business.

[bakasabo]

Yesterday Bitcoin gained $4k and now began to slowly lose price. Do you think people who has bought yesterday will start a panic sale? I think they will. Because they are new in cryptocurrency. On one hand this is good, they are fresh blood and prove that there is high interest in cryptocurrencies. On they other, they are easy money for elite traders. Due their panic buys and sells we have such a slow growth.

People will always make rush decisions. There will always be a panic, as people feel emotions.

Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money.

I think you wanted to say opposite. Why they cant buy when prices are low and sell when high?

[virasog]

Why can't they buy when prices are high and sell when price are in downtrend. Buying or selling in panic will always make them lose more money.

I think you wanted to say opposite. Why they cant buy when prices are low and sell when high?

Yes Right, i wanted to write the opposite but this exactly shows what happens when people buy/sell in panic.  They really buy high in panic and then sell low in panic too.
The people or traders who are calm , they are always able to make correct decisions.

[Fakhrulenclix]

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 who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

[Erdogan]

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 who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

You noticed very well! Bitcoin is back in an uptrend. Of course, there will still be corrections, but I think that a positive upward trend is starting and it will last at least until the end of the year. I wouldn't say what we see now was panic buy. I think we still have to wait a month or two for the real panic of purchases.

[djgtr]

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 who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

You noticed very well! Bitcoin is back in an uptrend. Of course, there will still be corrections, but I think that a positive upward trend is starting and it will last at least until the end of the year. I wouldn't say what we see now was panic buy. I think we still have to wait a month or two for the real panic of purchases.

Well I also saw the movement of the Bitcoin price and I think it is all because of the news from U.S that they never ban cryptocurrency together with some institutional investors that is now panic buying and this is maybe the factors that make the price continue rising.

[stadus]

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 who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

You noticed very well! Bitcoin is back in an uptrend. Of course, there will still be corrections, but I think that a positive upward trend is starting and it will last at least until the end of the year. I wouldn't say what we see now was panic buy. I think we still have to wait a month or two for the real panic of purchases.

Well I also saw the movement of the Bitcoin price and I think it is all because of the news from U.S that they never ban cryptocurrency together with some institutional investors that is now panic buying and this is maybe the factors that make the price continue rising.

It's not rising continuously, the movement is just positive because if bitcoin will remain bullish, we might see it break its current ATH and that's the real movement of a new bull run that could continue until next year. The good news does not automatically result in a pump, the market will still be weight by smart investors if it's already overvalued or not, and if it's overvalued, correction will eventually happen.

[MiF]

It is always happening, if the price of btc starts to rise most of the investors are doing panic buying because they want to earn a big profit in a short period of time, so it is not new to us. Bitcoin is now rising so people will surely do panic buying but for me I will wait for the next correction before buying because it is not risky if we buy on dip than buying on bullish market.

[OrangeII]

It is always happening, if the price of btc starts to rise most of the investors are doing panic buying because they want to earn a big profit in a short period of time, so it is not new to us. Bitcoin is now rising so people will surely do panic buying but for me I will wait for the next correction before buying because it is not risky if we buy on dip than buying on bullish market.

for some reason, when prices go up, or down, people will panic. whether it's because of panic buying, or selling. however, I personally do not recommend this. because, something done in a panic or in a hurry has a result that is not optimal. Well, I understand why they're panicking, but it needs to be controlled. so when you buy, or sell it can match your target.
Well, if you don't want to panic too much, then the coins you don't need to worry about holding on to are bitcoin, etherum, bnb, and other popular coins. in fact, yesterday the price of BNB was in the range below $400, and now the price has gone up even higher.

[rahmatrf331]

It is always happening, if the price of btc starts to rise most of the investors are doing panic buying because they want to earn a big profit in a short period of time, so it is not new to us. Bitcoin is now rising so people will surely do panic buying but for me I will wait for the next correction before buying because it is not risky if we buy on dip than buying on bullish market.

if you buy bitcoin at the next price correction, you will most likely have to buy at the current high. bitcoin is on a bull run and will probably break the $70k market price in the not too distant future. when the market price is corrected again, it might go down to $65k instead of going down to $38k like last month.

[Weng simok]

Bitcoin again refueled from $57k down to $55k. many investors are rushing to buy and not waiting for a price correction again, because bitcoin will break through a big price within the next two months or more precisely in early December this year. Investors had panicked to buy bitcoin, because they previously expected bitcoin to correct again below $40k, but bitcoin was pumping higher.

[LUCKMCFLY]

Well, seeing the market as it is behaving, the price may be increasing, however for now in the short term an acceptable price level can be established to protect itself, between $ 53k- $ 55k, it is what they recommend the most, it is known that when reaching a level of almost $ 58k if it does not go up more, the offer would be higher, which can bring a wide retracement, I think this is the fear of many, however this analysis is very good:

Bitcoin Price Analysis: BTC Enters Near-Term Pullback, Is Local Bottom Found?

Despite light distribution near term, the overall trend in fundamental and on-chain remain firmly bullish as the majority of cohorts remain in accumulation. The bulls must hold the $50k to $55.3k support zone to help BTC form a higher low and continue the technical breakout.

Source: https://cryptopotato.com/bitcoin-price-analysis-btc-enters-near-term-pullback-is-local-bottom-found/

In case the price goes down, I would not despair, it has already given indications of continuing to rise, it is likely that we can expect a good rally, otherwise I think the most reasonable thing is to do Hodl ..

[janggernaut]

People are really panic buying right now as SEC might be likely approve bitcoin ETF.

I remembered there were few people said they don't care about ETF anymore, but this is the huge FOMO right now because of that ETF.

https://alternative.me/crypto/?daily_hash=087d6c83664f7ff1ba1bebdd1b780ccb0ce1e691

GREED

[Oasisman]

People are really panic buying right now as SEC might be likely approve bitcoin ETF.

I remembered there were few people said they don't care about ETF anymore, but this is the huge FOMO right now because of that ETF.

https://alternative.me/crypto/?daily_hash=087d6c83664f7ff1ba1bebdd1b780ccb0ce1e691

GREED

They don't care about the ETF anymore, but they cared and panicked buying when Bitcoin starts rising, and that's mainly because of the ETF approval from the SEC. Well, that's kinda ironic to hear.
I'm not gonna be surprise If Fear and Greed index will climb to 75 or more in the next coming days.
Bitcoin could as well breakout to another ATH just before October ends.

[matchi2011]

People are really panic buying right now as SEC might be likely approve bitcoin ETF.

I remembered there were few people said they don't care about ETF anymore, but this is the huge FOMO right now because of that ETF.

https://alternative.me/crypto/?daily_hash=087d6c83664f7ff1ba1bebdd1b780ccb0ce1e691

GREED

They don't care about the ETF anymore, but they cared and panicked buying when Bitcoin starts rising, and that's mainly because of the ETF approval from the SEC. Well, that's kinda ironic to hear.
I'm not gonna be surprise If Fear and Greed index will climb to 75 or more in the next coming days.
Bitcoin could as well breakout to another ATH just before October ends.

Very possible if the same momentum continue, this rise is not just because of ETF approval but there are other influenced that creates this fomos, people who don't want to lose their chance are rushing to buy in hope that the market will favor them, greed or an instinct following the experience each time Bitcoin start to pump.

Be very furious not to allow yourself fomoing and lose your money, there are other possible sides that this market will go, be careful.

[pooya87]

I remembered there were few people said they don't care about ETF anymore, but this is the huge FOMO right now because of that ETF.

That is your assumption and I disagree. SEC has rejected too many ETFs that if they accept one it would be surprising. Rejection is expected so it shouldn't affect anything. A small group of people starting to hype up yet another dumb news doesn't mean people suddenly started caring about it.

The rise also started a long time before the news about this new ETF started circulating the internet so you can't say it is because of it!

GREED

Actually greed was when they sold their bitcoins at the bottom thinking price would fall lower and they could buy a lot more!

P.S. I'd argue that the actual FOMO hasn't started yet. Let price surpass $60k and then there is a good chance that we start seeing real FOMO then.

[STT]

Good volume on the rise, going through resistance with higher volume then previously helps confirm the move.   Still has to develop further then this and will take more time but on the first 4hr bar its above this possible ceiling from prior major price action in 2021

[StreakW]

It's still not too late if you want to buy bitcoin right now even though the price is already high. Bitcoin price will experience bullish throughout this year. Since the purchasing power of bitcoin will still be high for some time to come, there are several factors driving the demand for bitcoin. One of them is policies in developed countries that loosen cryptocurrency regulations as a stimulus measure to deal with the global crisis.

[blockman]

It's still not too late if you want to buy bitcoin right now even though the price is already high. Bitcoin price will experience bullish throughout this year. Since the purchasing power of bitcoin will still be high for some time to come, there are several factors driving the demand for bitcoin. One of them is policies in developed countries that loosen cryptocurrency regulations as a stimulus measure to deal with the global crisis.

It's the same in the past that we kept telling people that it's not late to buy. And then there's the sudden rise and they still think that it's too late and quite expensive already. There is nothing we can do about it already if they don't want to buy and they're done because they only look at the price but don't have a clear plan in the long term for having bitcoin. The long-term holders like me will always win at the end regardless of how much it is currently.