At what price will you panic and start selling coins? - page 14.

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: Kprawn on June 14, 2018, 11:39:19 AM

A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell

point is?

I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from

Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the

money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,

where you will push the "panic" button?

I doubt that it will go down much further, but if it does... where would you start selling your coins?

As we all know that bitcoin is a volatile crypto currency and because of this volatile nature of bitcoin, it’s va keeps on flactuation but still there is a limit below which everyone get panicked and would obviously get in panic selling of their bitcoins and I guess that limit is below $5000 and obviously I will also get panic and I will consider this if the valuation will deflate to such a low extent then I will also feel that now it’s very difficult to get over all these obstacles then and to inflate the valuation again.

sieemma

sr. member

Activity: 980

Merit: 253

I don't usually panic when prices are falling. And moreover, it's either I sell or hodl for a specific amount of time without checking for the price of that coin. I don't care if the price should fall below reasonable price fall.

rockyboy

full member

Activity: 392

Merit: 100

Quote from: Kprawn on June 14, 2018, 11:39:19 AM

A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell

point is?

I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from

Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the

money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,

where you will push the "panic" button?

I doubt that it will go down much further, but if it does... where would you start selling your coins?

I won't sell it at the very dip. I love to see the price at $20,000. If btc price rise again much higher than that (20,000) i will sell my coins.

jake zyrus

full member

Activity: 798

Merit: 121

Quote from: johnwest on June 14, 2018, 12:50:17 PM

I am afraid I may never panic sell. I may just hold in the hope of it may get back up in the future with stronger volume. Roll Eyes

Like you I am also afraid when the value is goes down. I think panicking is not helpful it may cause lose your money the better way to just hold your bitcoin now and don't lose hope it is only temporary cause soon bitcoin will increase and give high profit.

vnck25

member

Activity: 392

Merit: 11

I am for the long run! I believe with the hype behind Bitcoins and its limited supply (less than 21 million) the world's first every cryptocurrency will have a very bright future in the next 5-10 years. If you are looking for a quick buy and sell for a huge profit, I think with the current market tread you will be disappointed. Honestly I would never sell my Bitcoins, unless there is a very serious financial emergency that would endanger my family. And would keep amassing Bitcoins when they are going down like now.

CodyAlfaridzi

hero member

Activity: 1708

Merit: 541

Quote from: Kprawn on June 14, 2018, 11:39:19 AM

A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell

point is?

I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from

Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the

money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,

where you will push the "panic" button?

I doubt that it will go down much further, but if it does... where would you start selling your coins?

I don't have one. I simply couldn't understand why would anyone sell at such losses (assuming they bought at $19K). If you're looking to cut your losses, you should do it when Bitcoin price is still above $12K. Selling below $6K when you bought at $19K means you're only getting below 30% of your initial investment and that's just ridiculous. Better keep holding that Bitcoin just in case it goes another megabull to make new ATH.

drachman

sr. member

Activity: 756

Merit: 252

Quote from: kendra1107 on July 17, 2018, 06:22:18 PM

In the first place, I don't panic. So I don't have a panic button. Panic will only make us do things that we would regret in the future. People who panic are those who joined unprepared. It's like going into war without the proper military training in order for you to survive. So there's really no reason for me to panic cause I've got my weapons with me.

Everyone has a panic button you just do not know where your limits really are when it comes to the price of bitcoin and other cryptocurrencies, after the crash that we experimented at the beginning of the year not even once I was tempted to sell, so I know that I can resist a 70% crash without even flinching, can I endure a 90% crash? I suppose I can but I will not be sure until it happens.

iotarocket

newbie

Activity: 140

Merit: 0

I won't panic and sell no matter what. It's a mindset I believe that separates good from bad investors. I keep in mind that bitcoin is scarce and will continually diminish in the amount of it that can be mined. Those who cannot stomach the volatility should consider diversifying or investing in other asset classes.

goodluck0319

sr. member

Activity: 420

Merit: 250

I think I would not have sold coins, as earned by this movement is already good. no matter how much it has decreased, it is pointless to sell

Ifamily

newbie

Activity: 30

Merit: 0

I think 6850$

classictee

jr. member

Activity: 238

Merit: 1

https://eloncity.io/

everyone cant hold for long-term too much because it will get to a stage you will want to sell for one reason or the other, the only price that will make me panic sell is below $1,000 with no support to rise again may be due to a policy.

Amokomowo2005

jr. member

Activity: 140

Merit: 1

https://eloncity.io/

At this current stage that i have understood some more things on how this cryptocurrency works which has makes me to be confident not panic in market price because i know it will bounce back.

$$$sparkles$$$

member

Activity: 350

Merit: 10

I don't even know what panic means! Coz panic has no room in my books. Nothing good will come out of panicking especially when money is involved. So panic does not apply to me coz I have prepared myself before jumping in. That's the advantage of DYOR!

Kang Bahar

full member

Activity: 504

Merit: 115

Silent Reader~

I bought Bitcoin at the price $ 402. If Bitcoin prices fall below $ 1000 or $ 402. I would not to panic, and why? Looks like I'm habitual do not to panic under any circumstances in the market. Instead, I will buy again at the same price.

Deeyoh

member

Activity: 258

Merit: 14

I'd panic sell a few when it hits 1 million per BTC. LOL Just because you know it'll crash back down to 300 or 400k.

wizmo

sr. member

Activity: 658

Merit: 251

I have also bought bitcoin when the price was around $14k but I don't panic sell because I know that bitcoin always bounce back and reach new ATH and another reason is that I only investment with spare money I have so holding for longer terms doesn't affect me very much. I do cashout some part of it regardless of it's price for my personal expenses.

tetyulfania

member

Activity: 653

Merit: 10

You have holding your asset and keep it until your altcoin have reached to highest price, never sell at lower price because have bad effect for your self and its not good for losing your money. Never panic when you faced your asset was drop and altcoin have lower price because it usually time to reached at higher price.

Turkish88

full member

Activity: 714

Merit: 104

I am sure what i dont sell coins at any price, more likely is going to zero.
Then i wait recovering if recovering don't happen i am forgot about cryptos how one part of live

putriliesma

jr. member

Activity: 184

Merit: 1

Maybe until the price of Bitcoin reaches 1000 $. But I would not panic at such a price because if his time of Bitcoin would go up would surely rise by itself. Because I do not want to get a loss when I hold Bitcoin that I have just because I panicked.

Jessica2009

full member

Activity: 348

Merit: 100

I will not get panic and start selling the coins that I have when the price starts to drop .The price of Bitcoin will fluctuate all time sometime it will go down or it may go high like a rocket speed so don't be panic when the price begins to fluctuate since Bitcoin is volatile the price will never be stable. The newbies are the one that becomes panic when price changes so they begins to sell most of their Bitcoin so it favors the others and get chance for others to buy with low rate and invest .

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