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Author Topic: People are panic buying right now!  (Read 1811 times)
ene1980
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October 17, 2021, 09:21:42 PM
 #201

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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.
The cryptocurrency market gives everyone the opportunity to take their positions and there is no point in crying out that they missed the opportunity to invest when the price is down. I will not invest when the market is rallying, even though i did not execute my plans like i wanted due to the pandemic i did not invest heavily after the market started rallying. I am also a long term holder and hence i do not want to take position and invest further thinking about a quick profit.
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October 17, 2021, 09:55:17 PM
 #202

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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.
The cryptocurrency market gives everyone the opportunity to take their positions and there is no point in crying out that they missed the opportunity to invest when the price is down. I will not invest when the market is rallying, even though i did not execute my plans like i wanted due to the pandemic i did not invest heavily after the market started rallying. I am also a long term holder and hence i do not want to take position and invest further thinking about a quick profit.
Taking your position is something that cant really be just easily be done which it is really a normal thing and the hardest part of all when you do make out some investment and since this market is way too unpredictable

then its up to your own knowledge and awareness on how you do make your actions basing up on that one.Panic buying is a very common scenario specially when the market is really on running bullish.

People dont recognized or tend to buy when it is still on deep reds but somehow this is a common behavior since we would be always on doubts on making out some actions.
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October 17, 2021, 10:11:41 PM
 #203

This is the mistake of most people, panic selling and panic buying so they get expensive prices when buying and lose when selling, investors must have a good analysis to determine when to buy so they don't get expensive prices, after panic buying at high prices now then hold and don't never sold at a loss.

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October 17, 2021, 10:38:23 PM
 #204

This is the mistake of most people, panic selling and panic buying so they get expensive prices when buying and lose when selling, investors must have a good analysis to determine when to buy so they don't get expensive prices, after panic buying at high prices now then hold and don't never sold at a loss.

Everything you wrote is true. However, you forgot that people usually invest too much in the expectation of big returns. When emotions are involved, mistakes are made. Therefore, you must not invest so much money that can affect your emotions and perceptions.
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October 17, 2021, 10:44:34 PM
 #205

~
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.
The cryptocurrency market gives everyone the opportunity to take their positions and there is no point in crying out that they missed the opportunity to invest when the price is down.
There is really no point in just crying about the situation but that's what's happening and they can't stop themselves doing so.

I will not invest when the market is rallying, even though i did not execute my plans like i wanted due to the pandemic i did not invest heavily after the market started rallying.
That's much better. You have some things to consider and you just can't keep on buying things that you're not in need of. But as for buying bitcoin, it's an asset that you can keep and whether you buy it now and just hold, there's so much value that will be seen for itself to grow year after year.

I am also a long term holder and hence i do not want to take position and invest further thinking about a quick profit.
You may add up if you want and just keep the chill while the market keeps on showing high volatility.

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October 17, 2021, 10:47:00 PM
 #206

This is the mistake of most people, panic selling and panic buying so they get expensive prices when buying and lose when selling, investors must have a good analysis to determine when to buy so they don't get expensive prices, after panic buying at high prices now then hold and don't never sold at a loss.
the holder is a winner, this is a great sentence. those who buy at high prices, as long as they don't sell their assets there will be no loss. everyone who wants to invest in crypto must understand and be aware of which assets fall into the volatile asset category.

when they invest in volatile assets then never sell them when the value of the asset decreases, it's better to just hold on and believe the price will rise again.

R


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October 18, 2021, 07:59:56 AM
 #207

Many people used to assume that Bitcoin would continue to be bearish and they refrained from buying when the price was falling, but they already regretted not buying at the right time, if buying when the price was cheap would have made a lot of profit. but they have to panic buy at prices that have soared.

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October 19, 2021, 09:49:02 PM
 #208

Panic buying do happen whenever there is pump in the price of Bitcoin and other crypto currency and it happened that most of the people that are doing this are newbie who are despirat to make money and they will ended up loosing more money. If one don't know how the market price of Bitcoin mover over time you will ended up buying at the wrong with and equally sell the wrong with too.
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October 20, 2021, 02:08:48 AM
 #209

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!
Right Bitcoin will never be vanish, this is the money future that's why i don't believe those who will say that Bitcoin will gonna end. Bitcoin pump wright now is the prof of it, and it is another big slap to Bitcoin haters.
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October 20, 2021, 03:22:03 AM
 #210

Panic buying do happen whenever there is pump in the price of Bitcoin and other crypto currency and it happened that most of the people that are doing this are newbie who are despirat to make money and they will ended up loosing more money. If one don't know how the market price of Bitcoin mover over time you will ended up buying at the wrong with and equally sell the wrong with too.
panic buying is not alarming instead this become a trending way for investors and also whales manipulator to make money in short term.
Best that when Panic buying starts take a distance first and wait for the outcome because surely the Dumping will follow after this trend.
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!
Right Bitcoin will never be vanish, this is the money future that's why i don't believe those who will say that Bitcoin will gonna end. Bitcoin pump wright now is the prof of it, and it is another big slap to Bitcoin haters.
Vanishing of Bitcoin? for waht reason and why?

Bitcoin is here to stay , here to provide , and here to help the world.

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October 20, 2021, 03:51:25 PM
 #211

Panic buying do happen whenever there is pump in the price of Bitcoin and other crypto currency and it happened that most of the people that are doing this are newbie who are desperate to make money and they will ended up loosing more money. If one don't know how the market price of Bitcoin mover over time you will ended up buying at the wrong with and equally sell the wrong with too.

If you don't have any idea following fomos will surely lead you losing your money.

Before you jump into conclusion best to practice performing your research,
the deeper you understand the market the best chance that you will

find the best timing for your investment, like with your perception it's only
good to ride when the market is hyping and you know when to sell

before things went to correction or complete dump session, you will get
something decent if you made it the right way.

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October 20, 2021, 04:15:13 PM
Last edit: June 12, 2023, 12:38:06 AM by STT
 #212



Frothy price action should come with more volume I'd have thought but maybe it doesnt show on every exchange because we have new avenues to buy with.   The BTC price has been rising the whole month, if it stays on that pattern it should clear above 70k by month end.  I'm just watching it holds 62.6k as a low in order there is no great challenge to that progress.

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October 20, 2021, 04:47:35 PM
 #213

Many people used to assume that Bitcoin would continue to be bearish and they refrained from buying when the price was falling, but they already regretted not buying at the right time, if buying when the price was cheap would have made a lot of profit. but they have to panic buy at prices that have soared.
I don't think so, they are just waiting for the right moment to buy. it is very difficult to determine the lowest price when in bear market conditions. this is the same as when many people missed the $29k moment because indeed many people did not expect the bitcoin price to recover so quickly.

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October 20, 2021, 06:02:30 PM
 #214

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!
Right Bitcoin will never be vanish, this is the money future that's why i don't believe those who will say that Bitcoin will gonna end. Bitcoin pump wright now is the prof of it, and it is another big slap to Bitcoin haters.

As predicted by many experts that bitcoin will have a breakthrough during the 4th quarter of 2021, and indeed bitcoin did break its own record reaching an ATH and now it's already playing with a value of $67k. The Russian government did gave a huge positive impact on crypto currency especially bitcoin and gave its citizens freedom to mine and transact crypto.

And indeed mate, bitcoin won't vanish but rumors do. No one can destroy bitcoin even if it's a super-power country like China, although it can make the value rise or fall depending what a leader of specific country would say.
Bitcoin plays a huge role in our economy across the world these days, it gives us hope to defend ourselves against inflation and gave us more secure, fast and hassle-free transactions.

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October 21, 2021, 07:41:04 AM
 #215

4 hours ago Elon Musk has posted a picture in his twitter account where we clearly "BTC $69,000" is seen. This post immediately got a wild response. I expect people to start making rush purchases if not in few hours (some of them just woke up and need time to think out that info), then at least today-tomorrow, as they expect previous year event to repeat.

What do you think? Can this scenario be true ?

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bots1
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November 04, 2021, 07:58:57 AM
 #216

When cryptocurrencies become the talk of many people because their prices continue to increase, many people are competing to buy bitcoins and altcoins at very high prices, even though they have no idea what cryptocurrency is. They hope to be rich suddenly like other people who have bought it first. this is called the FOMO phenomenon. People are so excited about the prospect that bitcoin brings. Moreover, with the prediction that bitcoin's rise could reach even higher in the next few years that they get from the news, they think they are afraid of missing out on the opportunity to get a lot of money. So people who panic like that, usually focus more on the positive side than the negative side without having enough knowledge. So, it is very easy to get carried away with the possibilities that can come from bitcoin for those who invest or trade without having sufficient knowledge.

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bitterguy28
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November 04, 2021, 10:05:14 AM
 #217

Not everyone can be profitable in cryptocurrency. What is needed here is sharp, intellect and experience. At the same time there must be a tendency to take risks. When the price of BTC was $37000-$40000, various experts had an idea and they have revealed that BTC will soon exceed 100k to 150K. BTC is now waking according to the experts prediction. Ultimately buying presser is increased.
and week after your post, bitcoin goes back to 60k and above and even making another ATH at 66k so meaning those alarm like 100k-150k might happen depend to how much the investors and the market goes now.
Panic is a bad thing, an investor must have an analysis of when to buy and sell, if we panic then we will not be able to think realistically and only rely on instinct and continue to learn analysis is something we must do to become a successful investor.
But this makes the market grows, when panicking act the other investors grab the opportunity to purchase in lower prices.

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November 04, 2021, 01:36:47 PM
 #218

When cryptocurrencies become the talk of many people because their prices continue to increase, many people are competing to buy bitcoins and altcoins at very high prices, even though they have no idea what cryptocurrency is. They hope to be rich suddenly like other people who have bought it first. this is called the FOMO phenomenon. People are so excited about the prospect that bitcoin brings. Moreover, with the prediction that bitcoin's rise could reach even higher in the next few years that they get from the news, they think they are afraid of missing out on the opportunity to get a lot of money. So people who panic like that, usually focus more on the positive side than the negative side without having enough knowledge. So, it is very easy to get carried away with the possibilities that can come from bitcoin for those who invest or trade without having sufficient knowledge.

Got carried away and that's what whales wanted to see, let those buyers to fomo and buy from the peak after that, whales will start creating

artificial dump, shaking the market and make things look real, those unaware investors who are just here in hope that they will earn will turned out to be the victims of this spike, the next thing we see is the dump will create serious damage and weak holders will easily be move to sell out.

Fuds will take place and bear will show some dominance, before engaging yourself, make sure that you already done with all the possible information
to lessen your chance to lose your money following those panic buyers.
ice18
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November 04, 2021, 04:33:34 PM
 #219

Panic is a bad thing, an investor must have an analysis of when to buy and sell, if we panic then we will not be able to think realistically and only rely on instinct and continue to learn analysis is something we must do to become a successful investor.
Panic buying without using any indicator to know what is possible to happen in the next few days is too risky, this is normal to many investor who just rely in news or media not knowing any risk they are facing when market corrected. I also experienced this feeling when your in a hurry to buy it regardless of price and later disappointed because its just a fake breakout, happened many times to me before but now I learned how to control my emotion and think properly before doing any trades.

BITCOIN4X
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November 04, 2021, 05:19:37 PM
 #220

Panic is a bad thing, an investor must have an analysis of when to buy and sell, if we panic then we will not be able to think realistically and only rely on instinct and continue to learn analysis is something we must do to become a successful investor.
It seem that panic is more synonymous with traders than with big investors. People experienced in bitcoin investing know that when there is a price correction, they just have to sit back and enjoy it. If they have more capital then they will also buy more bitcoins at low prices so when the price rebound they will get double return. Market correction and recovery cycles are very common, so when we pay attention to them, we can also take advantage of them.

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