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

[Guessti]

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.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

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[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.

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.

But if we have often experienced something similar or almost the same, at least we won't overreact because we have been trained to deal with it so we won't panic or worry about the situation that is happening. Panic for a while can still be normal for a moment because we don't know what will happen or don't predict if it will happen and after that, we will calm down and think about the next step.

And the decline this time will not last forever and will end. We must survive until the end because we have decided to join crypto.

[Yaunfitda]

Market opportunities to fall are certainly very open because many are worried that new cases such as FTX will occur again, exhcanges that use manipulation data will certainly have the end period and users will know that so the owner will stop withdrawing and this will have a long time to recover.

No sure what you mean by manipulation, I doubt that someone manipulated the fall of FTX, it's just the market is really uncontrollable as this point, it's very volatile and we don't know when people are going to withdraw and have like a bank run.

So as far as $14k price, it could still be very open, we have seen the price going down to $15k so what are the chances not going below that?

And what are investors going to do if they see the price at $14k? right, that is the best opportunity again to stack sats.

[Rana590]

Market opportunities to fall are certainly very open because many are worried that new cases such as FTX will occur again, exhcanges that use manipulation data will certainly have the end period and users will know that so the owner will stop withdrawing and this will have a long time to recover.

Anything can happen in crypto market but we have to carry on. We have to face many challenges because earning from crypto isn't an easy task. Market will be recovering soon and we have to wait for this time. Yes, cases like FTX can be occured again and this can hamper the progress. But market will start to rise again by recovering such conditions.

[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.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

I know what FUD literally stands for. But that's not what it really means. FUD is more like groundless fear, uncertainty, and doubt. It is associated with baseless rumors, fake news, false allegations especially coming from a competitor, or anything that instills fear, uncertainty, and doubt without basis.

But right now, things are actually happening. These are not mere FUD. These are real tendencies or possibilities based on what's actually going on with some of the largest players in the market. This is enough to shake the whole market.

[Guessti]

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.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

I know what FUD literally stands for. But that's not what it really means. FUD is more like groundless fear, uncertainty, and doubt. It is associated with baseless rumors, fake news, false allegations especially coming from a competitor, or anything that instills fear, uncertainty, and doubt without basis.

But right now, things are actually happening. These are not mere FUD. These are real tendencies or possibilities based on what's actually going on with some of the largest players in the market. This is enough to shake the whole market.

Nope. FUD literally means spreading fear uncertainly doubt. You can try to redefine it all you want to fit your posts, doesn't mean its true.

[wmaurik]

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.

In fact, panic is the main weapon often used by whales when they want to buy more valuable assets in the market, but it will only affect people who still do not understand and also lack experience in reading and seeing certain situations. So that it is so easy to release existing assets into the market without any consideration. And usually when panic arises for some people, they also often experience the fear of losing more money through the decline in the price of their assets, so they choose to sell.

[YOSHIE]

Fear. Uncertainly. Doubt.

Only for those who dare to take risks in the world of crypto, who know who dares and don't hesitate to speculate.

For this reason, it is highly recommended for crypto users when situations like this are prioritized to buy Bitcoin / crypto with cold money, in principle, many crypto users are taking risks to speculate on crypto at this time, I'm sure many are taking a chance in the current situation, whether they buy Bitcoin or invest for a certain period, even though what they do is uncertain in the future.

Bottom line: anything can happen in the crypto market, without the knowledge of many people in general, what will happen in the future, for that having principles and beliefs is very important at this time, to avoid panic.

[STT]

As a spike down at least I do expect to see a final low.    The price action since the recent sell off has more sideways then a proper full recovery.  Its staying inline with 2 day average but if we continue I think it gets pressured to check price action below for support and confirmation before rising.

[aylabadia05]

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.

We won't panic about the situation because what we store and hold is Bitcoin.
We are not worried about the current Bitcoin price because the current situation is part of the market activity.
Now the price of Bitcoin is still at $16.6K. With the various narratives that have been born from people experiencing panic, I invite you to return to the market in the next few years. We'll see what happens.

Stop the FUD.

Without further ado, this is what we have to do.

[Falconer]

In fact, panic is the main weapon often used by whales when they want to buy more valuable assets in the market, but it will only affect people who still do not understand and also lack experience in reading and seeing certain situations. So that it is so easy to release existing assets into the market without any consideration. And usually when panic arises for some people, they also often experience the fear of losing more money through the decline in the price of their assets, so they choose to sell.

Panic attacks are natural for those who don't invest with cold money, I mean it is a type of capital that has been considered exclusively for investing or trading without any other purpose. The panic of the traders was not a weapon for the popes, but it was a kind of opportunity for them to acquire assets at a discount. Panic is common in the market because people don't want to lose, but it is an advantage for others who have good financial strength to buy low.

I wouldn't necessarily blame those who panic when the market corrects, but it may not be good for those investing long term.

[JoyMarsha]

Bitcoin has gone a long way for its community support to go low. This kind of online propaganda has been encountered on several occasions in crypto advising people to stay off from bitcoin. At the end of it all, bitcoin will take the lead and prove all the findings wrong.

Be used to this fud. Shit does happen in crypto, to test your fate in crypto. whether to learn from it or teach you a lesson

[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.

It is indeed FUD. Remember what it stands for.

It already hit $15k and then went back up.

Now exchanges are showing public proof of funds they have.

Finally!!!!

FTX burning to the ground starting to have a reverse effect on crypto -- a good effect.

It is about time.

I know what FUD literally stands for. But that's not what it really means. FUD is more like groundless fear, uncertainty, and doubt. It is associated with baseless rumors, fake news, false allegations especially coming from a competitor, or anything that instills fear, uncertainty, and doubt without basis.

But right now, things are actually happening. These are not mere FUD. These are real tendencies or possibilities based on what's actually going on with some of the largest players in the market. This is enough to shake the whole market.

Nope. FUD literally means spreading fear uncertainly doubt. You can try to redefine it all you want to fit your posts, doesn't mean its true.

FUD literally means spreading fear, uncertainty, and doubt that has no reasonable basis at all. That is FUD. Otherwise since the whole crypto market's volatility incites fear and its future is always uncertain and therefore something to doubt about, then the whole market is FUD? That is wrong.

FUD is when you spread a rumor that Bitcoin's price is going to fall to 0 because of what has been happening. That's what the likes of Peter Schiff is doing. That has no logical basis at all. But it is not FUD to say that Bitcoin is possibly going to fall to $15,000 because of the repercussions of FTX's fall.

[wxa7115]

FUD literally means spreading fear, uncertainty, and doubt that has no reasonable basis at all. That is FUD. Otherwise since the whole crypto market's volatility incites fear and its future is always uncertain and therefore something to doubt about, then the whole market is FUD? That is wrong.

FUD is when you spread a rumor that Bitcoin's price is going to fall to 0 because of what has been happening. That's what the likes of Peter Schiff is doing. That has no logical basis at all. But it is not FUD to say that Bitcoin is possibly going to fall to $15,000 because of the repercussions of FTX's fall.

Agreed, I do not really like that anything other than a positive prediction for bitcoin is somehow now FUD, markets move in cycles so there is nothing wrong in saying that since bitcoin is in the downward part of its cycle and there are many events which are affecting the market in a negative way then the price of bitcoin will go down on the short term.

This is simply common sense and it should not be regarded as FUD, after all if something similar was happening elsewhere I would think the same about that market.

[yudi09]

Bottom line: anything can happen in the crypto market, without the knowledge of many people in general, what will happen in the future, for that having principles and beliefs is very important at this time, to avoid panic.

You're right. Panic is in anyone, depending on the size. It is impossible for us not to experience panic when we see coins that are considered by them suddenly no longer have a price and even go bankrupt. Usually people who experience panic in the decline in coin prices are those who have just joined crypto trading activities and do not understand what kind of coins are good for investing.

[Falconer]

The current market condition always makes me worry if I will drop again, this is a difficult choice or hold, I already intend to sell since the price of dropping below $ 30k, but I am patient because I hope the price can return to $ 35k or more, this Maybe it is my last wait and if the price does not change until early December then I will sell.

There is a possibility that you will regret the decision after you sell, but you have the right to decide whatever is best for you and your financial condition.

I tend to advise you to hold your bitcoin long term instead of selling during this downturn.
Remember, right now the market is not doing well but the market will recover. You won't lose bitcoin by holding them, but you will lose bitcoin and lose if you sell them during a downturn.

[Lanatsa]

The current market condition always makes me worry if I will drop again, this is a difficult choice or hold, I already intend to sell since the price of dropping below $ 30k, but I am patient because I hope the price can return to $ 35k or more, this Maybe it is my last wait and if the price does not change until early December then I will sell.

Better not.

You wont lose nothing unless you do sell, even if you've been able to buy when its still high and then the price dumps down.Then you could always choose up on having that DCA
strategy.Dont make or let your emotions do control over you and made out sell even its not really that obviously worth it on doing so.This is why its always been recommended
for you to invest on money which you arent that needed or simply your life savings or emergency funds.

You dont know on where this market would be heading and if you do go all in, then it would really be normal to have this kind of reaction on these kinds of situations.

[virasog]

The current market condition always makes me worry if I will drop again, this is a difficult choice or hold, I already intend to sell since the price of dropping below $ 30k, but I am patient because I hope the price can return to $ 35k or more, this Maybe it is my last wait and if the price does not change until early December then I will sell.

There is a possibility that you will regret the decision after you sell, but you have the right to decide whatever is best for you and your financial condition.

I tend to advise you to hold your bitcoin long term instead of selling during this downturn.
Remember, right now the market is not doing well but the market will recover. You won't lose bitcoin by holding them, but you will lose bitcoin and lose if you sell them during a downturn.

I don't understand the physiology of traders. They do not want to sell when the price is near all time high and do not want to buy when the price is 76% low at its all time high. The chances of going down further from here are slim and it is possible that bitcoin may start another good run after some accumulation at the current levels. The FTX incident is not a small one and we cannot expect the market to rise instantly after this incident. I think bitcoin may test 14k -15K levels one more time to hunt all the stop levels before moving up again.

[Falconer]

I don't understand the physiology of traders. They do not want to sell when the price is near all time high and do not want to buy when the price is 76% low at its all time high. The chances of going down further from here are slim and it is possible that bitcoin may start another good run after some accumulation at the current levels. The FTX incident is not a small one and we cannot expect the market to rise instantly after this incident. I think bitcoin may test 14k -15K levels one more time to hunt all the stop levels before moving up again.

Yes, that's because they are not in the same group or with the same ideas and thoughts. Many will wait for lower prices, but I don't think selling now is the most appropriate option. It is a period of accumulation that will help traders buy more bitcoins than in the previous year with the same amount of capital. I don't know exactly why they have to sell, but if they want to make a profit then they have to sell at a high price.

I'd be waiting for some dips with DCA, meaning now would also be a good time to buy rather than just waiting for something to be dicey. Another drop is something we can't say for sure, so it might be worth considering buying at this moment.

[bakasabo]

"Never say never". It is not the panic that causes price to go down, but the whales that control the market. I cant believe that there are so many people that dont trust to Bitcoin, that they are ready to sell with a huge loss. That 1 bitcoin = 1 bitcoin is an empty words for them.
When they first bought Bitcoin, they should already say farewell to the money, it is already a purchase, a loss, a long term investment. Such people dont panic, they make instant and emotional trades.