Stop the panic, I doubt we will see 14k or less Bitcoin

[Guessti]

The only thing I would like to see is that the characters behind everything (Kwon, Bankman) end up in prison and banned from the Internet for life - but as someone once said "donkeys will get wings before that happens".

Too many people just worship these guys so easily, idolise them, put them on pedestals. It's crazy to see how many people are still defending Kwon, and SBF, easier to blame Binance or other things that didn't go their way. People prefer to pile on the hopium because they got caught with their pants down cozying up to these bastards.

Know what's pointless? If they go to prison, it'll just be comfy white-collar ones where they can write books, get even more famous, have lovely chats and work on sympathy. Is it sad these crypto bad guys won't get the punishment they deserve?

This is a speculation board.

Please continue speculating! I contribute my own to this sub-thread too, it's the most fun part of the forum. Just saying, the irony is these kinds of threads actually exude FUD.

Oh and no need to edit your post. I'm not easily offended, say your worst, really. I'll be fine. Peace.

Someone who constantly offends people must not be easily offended.

Peace.

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[Sayeds56]

However, I'm bullish and expect to see Bitcoin rising at least above 20k again in December.  

Currently the price recovery process will be great if more and more people are optimistic about the future of bitcoin.

Of course, FOMO has proven to be very reliable for Bitcoin, causing a bullish sentiment, so we have a good chance to see some FOMO sometime later again which will send Bitcoin to da moon.
Were are in a very important situation right now and if no significantly bad news come in, Bitcoin is likely to keep recovering.

I have a feeling most people would probably be willing to wait for bigger news before reinvesting the big bucks in bitcoin, but for the optimists then surely now is the time. $16.8K is the current price or -75% of ATH, I believe this as an opportunity but may need to think about some strategy like DCA.

Yes, many people are still having fear and are waiting to see if the bottom is in. If such people can get confidence again, we might see 20k very quickly again.  

It is true that market is still in havoc caused by un-anticipated crash of FTX and people are afraid that crisis could spill over to other exchanges. This is the reason investors are reluctant to take entry despite the fact that current price is very attractive, and it seems that bottom is already in. Let's watch and wait how market plays out in the US in the evening which is likely to set the direction for coming days. DYOR

[Ayers]

However, I'm bullish and expect to see Bitcoin rising at least above 20k again in December.  

Currently the price recovery process will be great if more and more people are optimistic about the future of bitcoin.

Of course, FOMO has proven to be very reliable for Bitcoin, causing a bullish sentiment, so we have a good chance to see some FOMO sometime later again which will send Bitcoin to da moon.
Were are in a very important situation right now and if no significantly bad news come in, Bitcoin is likely to keep recovering.

I have a feeling most people would probably be willing to wait for bigger news before reinvesting the big bucks in bitcoin, but for the optimists then surely now is the time. $16.8K is the current price or -75% of ATH, I believe this as an opportunity but may need to think about some strategy like DCA.

Yes, many people are still having fear and are waiting to see if the bottom is in. If such people can get confidence again, we might see 20k very quickly again.  

It is true that market is still in havoc caused by un-anticipated crash of FTX and people are afraid that crisis could spill over to other exchanges. This is the reason investors are reluctant to take entry despite the fact that current price is very attractive, and it seems that bottom is already in. Let's watch and wait how market plays out in the US in the evening which is likely to set the direction for coming days. DYOR

There have been rumors surrounding crypto.com and most likely the next fall after the death of FTX, things will not stop here anytime soon. AAX also just announced that it will suspend all transactions for 7-10 days to check all and restore user accounts. This is a not so prominent exchange but it has a trading volume in the top 20 on coingecko. I believe there will be a domino effect in the coming days.

The market is starting to reset the game before starting a new game in 2024, it is too early to expect a recovery from now or until the end of the year. The death of FTX is huge and there will be hundreds of other bad things to come.

[Newlifebtc]

If we already know Bitcoin for at least 2 years, we will understand the current price pattern, things like this week have often happened and most people panic and sell and then a month he said regretfully because of panic, for those who have profit goals then making the price of drop is an opportunity good for buying.

I don't suffer myself 4 bitcoin price because I know that device is something that will increase anytime you feel like to increase because some people now who is new into cryptocurrency are the one that is scared of Bitcoin price we're having experience is for long time and know that this is how become price is all about

[imamusma]

I think waiting for positive trend news for bitcoin is usually a bit of a panic and awkward person so he needs a breath of fresh air to see the news properly before investing in large amounts,

Even if you get very positive news about bitcoin, you still need to verify it yourself. Bear in mind that there have been times when I have seen a fake uptrend that lasted only a short time this year, so make sure you account for everything if waiting for the market to recover before investing.

but for me waiting for big news it will waste our time on low bitcoin while this is a good opportunity at $16k it's the right range to buy and enter as much as possible and surely a recovery will occur in the next month for bitcoin

Not really right, I think you need to be patient in terms of investment if you want to buy at a better price. Remember that DCA is most helpful to anyone looking to earn more bitcoins during a downturn. So regardless you believe this is the right time, using DCA will complete it for you.

FUD will definitely continue if the FTX drama continues to be discussed in various media, this worries many investors because their funds are on hold, but remember that investors with a good mindset will take advantage of the opportunities that exist before the bitcoin price rises again to $20k in December.

No one guarantees $20K in December, so never convince anyone of that. But If you believe $20K can be reached by the end of December, then prepare yourself from now because you might make a profit later.

[Captain Corporate]

People like us, who know what to do when the price goes down, will not be losing any money during this period. I mean it is obvious that there are some people who end up losing money during this period because they end up selling all their coins, but the reality is that selling all your coins right now means that you are accepting defeat, and you are just going back to your corner. People who know what they are doing will end up with their hands up in the air in the ring and keep on fighting, buy more and more and more in order to do DCA during this period and then end up with a good profit when the bull run comes because they know what they are doing.

[Newlifebtc]

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into,  the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

[Sayeds56]

Literally articles are flooding saying the bottom isn't here etc etc.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.

Stop the FUD.

You can't stop the FUD, there are entities even in this community that does that, to create fear amongst us. It's the question on what will be their motives? maybe they want to buy cheap bitcoin? or just hated it that they want bitcoin to fall.

Anyhow, the FTX and the whole crypto market is a messed, but nevertheless, I think we can all recover from it. Just stay calm everyone, on the contrary, it could be a perfect time to accumulate. Remember that we have the halving in 2024, the catalyst for a bull run, so it's better to stack sats when they are very cheap right now at $16k. For sure when we look back, we will say that we survived this dump, just like we survived the Covid-19 crashed.

This is not the first and not the last drop in the price of bitcoin, and not the strongest in percentage terms. Bitcoin has already been buried many times, but this never happened, moreover, the reasons were more significant than now. So, this is not a reason to panic, but a reason to buy. The only question is when? Either now or wait a bit for more attractive prices. Don't be fooled by the opinion of the majority in plan FUD, but act in your own interests.

Experienced investors & traders don't get panic with what is currently going on in crypto market , it is normal behavior of Bitcoin & we should take it easy and believe in this precious asset which never disappoints those who hold it with patience .  Bitcoin has been undergoing many crashes and rallies since it was launched and I believe it will continue doing so in coming months & years until crypto marketcap reaches a reasonable level (10 Trillion and above) when it won't be easy for any whale to shake the whole market easily.

[Guessti]

Unless something happens to Binance or Coinbase, we are good guys.

If something were to happen to those two..................................

All bets off the table.

[wmaurik]

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into,  the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

Panic for some reason is a very natural thing because it is about causing loss, but if you panic for no reason and are just afraid because of what other people say, I think it's very unnatural because normal panic usually happens because something is going on in the market and it caused a lot of harm to everyone. The case of FTX is a very basic example of this because there are so many FTX users and when panic arises, it is clear that almost everyone feels it even though those who panic often use other exchanges.

[ethereumhunter]

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into,  the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

[peter0425]

If this going to come (but i doubt it will) then maybe it is better to use this for chances in gaining more, i am still believing that there are ways to make money here and that is to buy if that deepest market come.
I knew also that Panicking is part of the system and if  there are no panic then there will be no gainer.

[fzkto]

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into,  the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

Panic for some reason is a very natural thing because it is about causing loss, but if you panic for no reason and are just afraid because of what other people say, I think it's very unnatural because normal panic usually happens because something is going on in the market and it caused a lot of harm to everyone. The case of FTX is a very basic example of this because there are so many FTX users and when panic arises, it is clear that almost everyone feels it even though those who panic often use other exchanges.

Panic easily causes a lot of selling not just in the cryptocurrency world. For example, a simple tweet about a pharma company that might experience problems with some drug component could crash the share price by more than 30%. Likewise Elon Musk could manipulate the price of DOGE, or say for example that Tesla will sell all their bitcoins, which could further affect bitcoin. Panic is a good tool for the whales who use it to their advantage.

[Franctoshi]

I don't really see reason why people will panic over a property that they own and have access to it anytime day so far you have the keys to your wallets, Bitcoin is just like owing a property for instance land , you buy land today and wait for it to appreciate in price or value in the future, so why don't we just stop looking at the price today ( stomach the price volatility today) and focus on its price in coming years. This will relief investors/traders from a lot of pressure with current price.

[savetheFORUM]

If this going to come (but i doubt it will) then maybe it is better to use this for chances in gaining more, i am still believing that there are ways to make money here and that is to buy if that deepest market come.
I knew also that Panicking is part of the system and if  there are no panic then there will be no gainer.

There are plenty of ways to make money from the current price. It is obvious that people who make a ton of profit all make from buying at these low levels. All those people who got super wealthy during the last bull run, did so by buying before that bull run. You cannot just buy bitcoin at 50k and sell at 68k and think that you could be rich, that’s not how it happens.

You buy bitcoin at 4-5k and sell at 68k, those people are the ones that got rich, that turns 1k into 15-16k and if you invest that into 3-4 other altcoins like eth and bnb when they were going up, that turns it into 100k and you buy a house with it and you rent it for 2k dollar per month and for the rest of your life you never have to worry about money ever again.

[kawetsriyanto]

Were are in a very important situation right now and if no significantly bad news come in, Bitcoin is likely to keep recovering.

Agree. It depends on the issues or news around crypto. If the issue of the bankruptcy of exchanges like FTX continues, we might see crypto prices drop further. But if the issue is over, then the prices of crypto coins probably increase again gradually. Issue/news has a crucial role to determine what trend to happen lately, the price recovery is likely to rely on the issue/news.

Yes, many people are still having fear and are waiting to see if the bottom is in. If such people can get confidence again, we might see 20k very quickly again.  

People become worried about the safety to use exchanges. If more big exchanges have the same problem as FTX, people may lose their interest to invest in crypto. The demand on the market will decrease massively and the price will be difficult to recover to $20k in the near future. People will be confident again when they are sure that CEX is safer enough. And they realize that there are many DEX to be the option for safe places to trade their assets.

[dunfida]

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into,  the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

Its normal because we are just humans which it is really that common that we would really be making out that kind of reaction whenever you do see the price is declining plus seeing negative things

or news around which you do presume that it would make things even more worst and this is really something very common to happen.Whenever there's a decline then there's always a recovery.

We cant make out conclusions whether the market would dump or not even further because its always been unpredictable.It would be always basing on community support
and recognition on whatever conditions that they are facing on.

[Taskford]

Don't panic...!
Buy the deep and HODL BTC

Panicking in cryptocurrency is one of the things that make some people to lose their coins or fall into,  the process so it is better for you to hold on until the market normal, because everyone knows that cryptocurrency have a system of regulation so which no one can know about it or control it

That's what has been happening to people even though they have joined crypto for a long time. Every time the bitcoin price falls, many people panic and are not ready to see it and immediately sell bitcoin without thinking that the bitcoin price fall is only temporary and they don't need to panic but prepare the money to buy more bitcoins. They may need to learn how to control themselves when they see the bitcoin price slide so they don't panic and even see it as an opportunity to buy bitcoin again.

Its normal because we are just humans which it is really that common that we would really be making out that kind of reaction whenever you do see the price is declining plus seeing negative things

or news around which you do presume that it would make things even more worst and this is really something very common to happen.Whenever there's a decline then there's always a recovery.

We cant make out conclusions whether the market would dump or not even further because its always been unpredictable.It would be always basing on community support
and recognition on whatever conditions that they are facing on.

Its easy to create conclusion after all of things happen while if we are there while dump happening for sure we cannot feel relax seeing how fast the dump is. Also we will get panic especially we bought our coins when the price is expensive and we think that it will not dump. So since this incident happen maybe we need to be more aware of possibilities and if we have extra cash we should buy those stable alts to prepare for something good to happen since we need to buy once the fud start cooling down for us not to miss the great recovery to happen.

[Fundamentals Of]

That the FTX debacle will affect Bitcoin's price is no FUD. So it is a possibility that the price could indeed fall down all the way to $15,000 because of the effect of FTX's bankruptcy.

This will have a big effect on the market because FTX shutting down doesn't just mean an exchange has died. FTX is one of the top crypto exchanges in the world and it has so many arms. All of them are facing bankruptcy. Since FTX and Alameda are big crypto institutions, it is expected that their fall also means the fall of other crypto companies and institutions that have big amounts of money kept there.

This will even affect those crypto companies that don't have funds in FTX but FTX owes them.

[rodskee]

Literally articles are flooding saying the bottom isn't here etc etc.

The FTX thing sucked, but Bitcoin can only go so low with the amount of support it has and how integrated it has become with the banking system.

Stop the FUD.

EDIT: For those of you who seem not to remember what FUD stands for:

Fear. Uncertainly. Doubt.

Yeah it is for you to believe but lets admit that we cannot blame people to feel like panicking because of what is the movement of the market now, there have been pumping and dumping happens here.

If this going to come (but i doubt it will) then maybe it is better to use this for chances in gaining more, i am still believing that there are ways to make money here and that is to buy if that deepest market come.
I knew also that Panicking is part of the system and if  there are no panic then there will be no gainer.

+1 for your comment here , panic will bring chances for others to profit but the problem is that more on manipulator that makes money here.