Post
Topic
Board Speculation
Re: People are panic buying right now!
by
stadus
on 11/10/2021, 06:00:39 UTC
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!
people who are panic buying now have already made a profit, Bitcoin is growing very rapidly at the beginning of October, when the bitcoin price is slowly rising again I see a lot of people buying it I think it's not panic but a belief that bitcoin will rise again.

You noticed very well! Bitcoin is back in an uptrend. Of course, there will still be corrections, but I think that a positive upward trend is starting and it will last at least until the end of the year. I wouldn't say what we see now was panic buy. I think we still have to wait a month or two for the real panic of purchases.
Well I also saw the movement of the Bitcoin price and I think it is all because of the news from U.S that they never ban cryptocurrency together with some institutional investors that is now panic buying and this is maybe the factors that make the price continue rising.
It's not rising continuously, the movement is just positive because if bitcoin will remain bullish, we might see it break its current ATH and that's the real movement of a new bull run that could continue until next year. The good news does not automatically result in a pump, the market will still be weight by smart investors if it's already overvalued or not, and if it's overvalued, correction will eventually happen.