Re: PANIC BUYING !!!!!!!

As the Bitcoin holders become more nervous (well, agitated) with the H-day getting closer (fear, uncertainty, doubt), we should expect even greater price swings overall with exuberant buying followed by capitulated selling...

And back again (to the new highs and, what's more likely, lows)

Panic buying will not happen to day even if the price is expected to rise after the halving, this is due to the current price of bitcoins that is really expensive and you cannot earn much if you don't have a good capital to invest.

But there exists a set of people that do have enough capital to invest which could become potential whales. They could buy a fuck ton now, and maybe dump after halving.

Maybe, they have already bought enough and now are just waiting for a right moment to jump off the train and cash out?

Why did the price go from around $200 to almost $600, i.e. increased 3 times in a matter of some 8-9 months?

I think as long as there are more mass adoption of the bitcoin, the price will rise again and again in the future.

Bitcoin doesn't need mass adoption. All it needs is peeps who are buying and not selling soon thereafter. In this way, some percent of coins is constantly being taken from circulation, and the remaining coins inexorably grow in price, giving a false hope of the price rising "again and again in the future"...

Excellent investment strategy - buy, hold and hope