Why everybody is panicking ? Its a game of greed and fear !

[8rch7]

Have been human habit about panic moment for selling or cut loss when Bitcoin drop drastically, I think many investor panic when hearing bad news about Bitcoin will die. I don't remember with how many time when Bitcoin drastically drop and have bad news the era of Bitcoin ended, actually many time Bitcoin get drop drastically and I still remember first time I know with Bitcoin when China banned all cryptocurrency transaction and Bitcoin going drop.

After few months later, Bitcoin can recovery and make higher price before FUD or banned announcement from China, believe or not never heard any  FUD about Bitcoin will be end and make us panic for selling in lower price.

[Fesatmas]

If you are balance then your not greedy because this situation will make you excess on something you want ao there's nothing good on being greedy since it will follow a huge risk for losing something to you. Maybe your right on what you say balance since we really need that to avoid getting huge losses and will not expect on something almost impossible to come.

No, I mean when we want profit, isn't that greed? but still within reasonable limits if we set realistic profit targets from how much capital we spend and also in which coins we invest. The greed that must be avoided is unrealistic greed, for example we set unreasonable targets, such as 1000x on a coin where the potential is not big, even with not much capital at all. We can actually avoid things like this very easily if we have a lot of knowledge.

[palle11]

No, I mean when we want profit, isn't that greed? but still within reasonable limits if we set realistic profit targets from how much capital we spend and also in which coins we invest. The greed that must be avoided is unrealistic greed, for example we set unreasonable targets, such as 1000x on a coin where the potential is not big, even with not much capital at all. We can actually avoid things like this very easily if we have a lot of knowledge.

Yes to set unrealistic and unreasonable trade target is a greedy trading. It is not as if you don't have to aim to big profit but it doesn't come all the time. Some trading set up give you that in a week but you don't have to force it to happen, you only allow and follow the market the way it comes. Having so much long target get you on the market also for longtime and that can put you in risk of you capital if even you are not using stop loss, that is worse of.

[samcoin]

Stay strong guys , Bottom is near , many "panic" traders already sold their assets at a loss  , soon there will be no coins to sell ahaha , only buying opportunities

Happy trading

We can't blame people who joined the market during the recent bull run under the effect of the big FOMO that was going on, every celebrity was putting laser eyes and waiting Bitcoin to reach $100k. Now, everyone (maybe the same people) are waiting Bitcoin to reach lower prices, I have been hearing very low numbers like 6k or even 3k. For me, I lost a lot during the 2017-2019 bear market and now I understand how things goes in Crypto, I honestly didn't sell at the exact top in this cycle, but sold good amount on the way down, so I'm able to accumulate these days. IMO, the ability to control emotions comes along with our experiments, we can't ask people who didn't try the bear market to hold until they see the results in the next bull which I believe will be big.

[milewilda]

Stay strong guys , Bottom is near , many "panic" traders already sold their assets at a loss  , soon there will be no coins to sell ahaha , only buying opportunities

Happy trading

We can't blame people who joined the market during the recent bull run under the effect of the big FOMO that was going on, every celebrity was putting laser eyes and waiting Bitcoin to reach $100k. Now, everyone (maybe the same people) are waiting Bitcoin to reach lower prices, I have been hearing very low numbers like 6k or even 3k. For me, I lost a lot during the 2017-2019 bear market and now I understand how things goes in Crypto, I honestly didn't sell at the exact top in this cycle, but sold good amount on the way down, so I'm able to accumulate these days. IMO, the ability to control emotions comes along with our experiments, we can't ask people who didn't try the bear market to hold until they see the results in the next bull which I believe will be big.

You  would eventually learn up things if you have been able to experience it back in the past.For those who do have experience do really knows on what to do because our bitter experience into those previous years would really be reminding us that we should really be not that confident if we do see prices are breaking new heights which it would really be that normal that you would be having that fomo feeling.
If you are really that greedy and wait up for something more and then the price crash or made out some correction then this is where you would be finding out that you had committed a big mistake.
On next time then you do already know on what you would gonna do on these particular moments.

[o48o]

I don't think that this is the forum where people panic about bitcoin. However answering to your question: People panic because they have always done so on the bear market. It doesn't matter if it's a crypto or not, it's the market cycle and there are even technical analyses based on such human behavior (elliot wave). Markets move in cycles because it's sort of mirror of human behavior, it goes in cycles too. If you are not part of it, consider yourself lucky as markets are rigged against feelings and you can play with them if you can detach yourself out from fear or greed.

[Pamadar]

Stay strong guys , Bottom is near , many "panic" traders already sold their assets at a loss  , soon there will be no coins to sell ahaha , only buying opportunities

Happy trading

We can't blame people who joined the market during the recent bull run under the effect of the big FOMO that was going on, every celebrity was putting laser eyes and waiting Bitcoin to reach $100k. Now, everyone (maybe the same people) are waiting Bitcoin to reach lower prices, I have been hearing very low numbers like 6k or even 3k. For me, I lost a lot during the 2017-2019 bear market and now I understand how things goes in Crypto, I honestly didn't sell at the exact top in this cycle, but sold good amount on the way down, so I'm able to accumulate these days. IMO, the ability to control emotions comes along with our experiments, we can't ask people who didn't try the bear market to hold until they see the results in the next bull which I believe will be big.

You  would eventually learn up things if you have been able to experience it back in the past.For those who do have experience do really knows on what to do because our bitter experience into those previous years would really be reminding us that we should really be not that confident if we do see prices are breaking new heights which it would really be that normal that you would be having that fomo feeling.
If you are really that greedy and wait up for something more and then the price crash or made out some correction then this is where you would be finding out that you had committed a big mistake.
On next time then you do already know on what you would gonna do on these particular moments.

Bitter experience indeed. That hurt when you see yourself being over greed instead of selling with decent profits. You wait for more time, then the market crashed down and you lose your opportunities.

Sad thing, instead of making money you will lose when you fail to sell and the market already falls
too hard and bring negative to your investment. Fear and disappointment will push you to sell
even with losses and regret that decision.

[LUCKMCFLY]

The things that are happening in the world have their repercussions on the market and that is something very obvious, each person has a way of analyzing the market, but they have to take into account that great investors are human, and they are very susceptible, that They only allow themselves to be driven by panic many times to lose the value of their money, that is why when there are great threats of war or something like that, the prices go down, because investors sell their crypto and take their money and put it in in gold or in a stock that is quite safe, that usually happens most of the time in any speculative market, it is something that is common.

[Lanatsa]

The things that are happening in the world have their repercussions on the market and that is something very obvious, each person has a way of analyzing the market, but they have to take into account that great investors are human, and they are very susceptible, that They only allow themselves to be driven by panic many times to lose the value of their money, that is why when there are great threats of war or something like that, the prices go down, because investors sell their crypto and take their money and put it in in gold or in a stock that is quite safe, that usually happens most of the time in any speculative market, it is something that is common.

Its a matter of switch up and to those experienced people are the ones who do make out such move on where they are really that versatile and could make out adjustments.Market condition doesnt always
end up to be on greens most of the time which it would really be just normal that you would really be reactive on the time that it would be making some dips or crash.
We are just indeed humans where emotions and actions could really be ending up the same, doesnt matter if you are experienced or just still newbie on this investment
world where these feelings could really be the same be felt on.

[uneng]

The things that are happening in the world have their repercussions on the market and that is something very obvious, each person has a way of analyzing the market, but they have to take into account that great investors are human, and they are very susceptible, that They only allow themselves to be driven by panic many times to lose the value of their money, that is why when there are great threats of war or something like that, the prices go down, because investors sell their crypto and take their money and put it in in gold or in a stock that is quite safe, that usually happens most of the time in any speculative market, it is something that is common.

Something that intrigues me is that during Covid pandemic we had bitcoin on its best moment, the ATH of 2021, although people said the pandemic was harmful to bitcoin, as it was affecting the global economy negatively. Now the world has a war, and bitcoin isn't doing well, but if we followed that same logic of the pandemic, bitcoin should be doing great at this time, also because bitcoin should be a smart way to transact money from foreigner countries to Ukraine and Russia, in order to sponsor the nations. At same time, bitcoin would be an useful tool for ukrainian and russian billionaires and millionaires to move their funds abroad. And it's not happening.

Maybe you are right and they went fully into gold and stable stocks. But then, I ask myself again, why wasn't this same logic used during the pandemic?

[TravelMug]

The things that are happening in the world have their repercussions on the market and that is something very obvious, each person has a way of analyzing the market, but they have to take into account that great investors are human, and they are very susceptible, that They only allow themselves to be driven by panic many times to lose the value of their money, that is why when there are great threats of war or something like that, the prices go down, because investors sell their crypto and take their money and put it in in gold or in a stock that is quite safe, that usually happens most of the time in any speculative market, it is something that is common.

Something that intrigues me is that during Covid pandemic we had bitcoin on its best moment, the ATH of 2021, although people said the pandemic was harmful to bitcoin, as it was affecting the global economy negatively. Now the world has a war, and bitcoin isn't doing well, but if we followed that same logic of the pandemic, bitcoin should be doing great at this time, also because bitcoin should be a smart way to transact money from foreigner countries to Ukraine and Russia, in order to sponsor the nations. At same time, bitcoin would be an useful tool for ukrainian and russian billionaires and millionaires to move their funds abroad. And it's not happening.

Maybe you are right and they went fully into gold and stable stocks. But then, I ask myself again, why wasn't this same logic used during the pandemic?

If I'm not mistaken, many people have received covid-19 relief and maybe most of them just decided to invest in bitcoin during that pandemic and is the correct decision as the price goes up to all time high. And perhaps it was the timing as well, the world is at bad shape, however, we just had our scheduled block halving in 2020 so there is no stopping bitcoin from increasing although we have covid-19 scare in the background.

But now that we are in a bear market, it's a different story, economy is in bad shape so no money flowing right now.

Nevertheless it will be a different story again in 2024-2025.

[uneng]

The things that are happening in the world have their repercussions on the market and that is something very obvious, each person has a way of analyzing the market, but they have to take into account that great investors are human, and they are very susceptible, that They only allow themselves to be driven by panic many times to lose the value of their money, that is why when there are great threats of war or something like that, the prices go down, because investors sell their crypto and take their money and put it in in gold or in a stock that is quite safe, that usually happens most of the time in any speculative market, it is something that is common.

Something that intrigues me is that during Covid pandemic we had bitcoin on its best moment, the ATH of 2021, although people said the pandemic was harmful to bitcoin, as it was affecting the global economy negatively. Now the world has a war, and bitcoin isn't doing well, but if we followed that same logic of the pandemic, bitcoin should be doing great at this time, also because bitcoin should be a smart way to transact money from foreigner countries to Ukraine and Russia, in order to sponsor the nations. At same time, bitcoin would be an useful tool for ukrainian and russian billionaires and millionaires to move their funds abroad. And it's not happening.

Maybe you are right and they went fully into gold and stable stocks. But then, I ask myself again, why wasn't this same logic used during the pandemic?

If I'm not mistaken, many people have received covid-19 relief and maybe most of them just decided to invest in bitcoin during that pandemic and is the correct decision as the price goes up to all time high. And perhaps it was the timing as well, the world is at bad shape, however, we just had our scheduled block halving in 2020 so there is no stopping bitcoin from increasing although we have covid-19 scare in the background.

But now that we are in a bear market, it's a different story, economy is in bad shape so no money flowing right now.

Nevertheless it will be a different story again in 2024-2025.

Ah! I think you hit the point! Bitcoin halving! It totally matches the last bull run which started in 2020 and resulted in the ATH of 2021.

Doesn't matter what the world is facing, it can be a sanitary pandemic or a war, bitcoin will show positive results despite any inconveniences, since it's halving time.

Always bitcoin loses price we try to find a reason to explain that by looking the currently events and news happening in the world, but it seems the reality is much simpler than that: it's just that we aren't in the cycle of halving. And that is why bitcoin is looking weak right now.