At what price will you panic sell [Poll]

Luno

sr. member

Activity: 504

Merit: 250

Quote from: Ichthyo on March 22, 2013, 09:50:15 PM

IMHO the interesting observation with this poll is that 10% of the voters will "panic sell" (allready) at 65

This shows quite some nervosity. A week ago 65 was rather in the sky, and now it should be a reason to sell??

I sense a degree of contradiction is this thread. If you know the price at which you gonna panic sell, it's not a panic sale but stop loss.

Along the same line, if you are contemplating on the price you are going to panic, you are panicking and about to sell now!

interesting read however.

Ichthyo

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Activity: 602

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IMHO the interesting observation with this poll is that 10% of the voters will "panic sell" (allready) at 65

This shows quite some nervosity. A week ago 65 was rather in the sky, and now it should be a reason to sell??

Adrian-x

legendary

Activity: 1372

Merit: 1000

Quote from: Syke on March 21, 2013, 11:28:25 PM

Every time it goes up another $10 I panic and sell about 1% of my holdings. It's been a very panicy month!

LOL, that looks like Bear panic ( I'll add it's been a panicky year!)
The pole is aimed at the panic the short term Bulls are expected to feel.

Syke

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Every time it goes up another $10 I panic and sell about 1% of my holdings. It's been a very panicy month!

Nesetalis

sr. member

Activity: 420

Merit: 250

I've got some 10 BTC waiting to sell at 100$ :p
thats about it... there rest i'm hanging on to unless i need to buy something.

frga13

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Activity: 383

Merit: 250

I will sell at 82. Why, I don't realy know, I like that number and the profit is high...
I hope that will be soon, tomorow maybe? Grin

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Eh, I'll buy at each option on this poll

Maybe panic sell arround 1000$, and not all those precious Wink

Quote from: coined on March 21, 2013, 08:07:35 AM

this is a very lengthy uptrend, so much so that many newcomers have only ever known the sunshine of the bull market, so when the real correction starts and the bear market is on us...

Serious correction ? maybe from 300 to 100 !

BIGMERVE

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Activity: 728

Merit: 500

You're going to have to pry these coins out of my cold dead hands before I sell.

myhoho

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Never panic

adamstgBit

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Trusted Bitcoiner

LMAO, i will panic sell at 0! Cheesy

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: Ivica on March 21, 2013, 01:18:17 PM

Quote from: deathcode on March 21, 2013, 09:00:48 AM

Quote from: Ivica on March 21, 2013, 08:36:53 AM

At 10,000,000$ and then retire. Cheesy

I'm guessing you have 0.3 BTC in your account... Tongue

There are no accounts in btc world.

So you say...

Transisto

donator

Activity: 1731

Merit: 1008

I guess this pool question is based it's on the assumption that the price will tell us when something bad happened to bitcoin fundamentals.

Even a successful 51% attack won't make it drop to 20$

Ivica

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Activity: 218

Merit: 100

Firstbits: 19e3fc

Quote from: deathcode on March 21, 2013, 09:00:48 AM

Quote from: Ivica on March 21, 2013, 08:36:53 AM

At 10,000,000$ and then retire. Cheesy

I'm guessing you have 0.3 BTC in your account... Tongue

There are no accounts in btc world.

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: BIGMERVE on March 21, 2013, 11:18:42 AM

Can someone make a poll for panic buys?

do you get charged by the character typed that you can't do it yourself?

BIGMERVE

hero member

Activity: 728

Merit: 500

Can someone make a poll for panic buys?

dancupid

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Activity: 955

Merit: 1002

Quote from: deathcode on March 21, 2013, 11:00:21 AM

Quote from: dancupid on March 21, 2013, 10:56:49 AM

I first bought in at $14 dollars after the first high of $30+ . I panic sold at about $7.
There really is a point at which you cannot take it anymore.
The higher the price at which you buy into a rally (or a correction), the easier it is for panic to suddenly wake you up at 4 in the morning and make you behave in crazy ways.
Most of us bought in cheap, and we can relax for a while - but there will come a point when emotions take over and we wonder how we are going to feed our children tomorrow.

I can relax all the way to $20 and I will still be making 200%
Do yourself a favor, if you can't take the ups and downs, stop following bitcoin, come back in 1 or 2 years and take a look at the price again...

I bought back in at $3 more substantially and have already taken out my initial investment - so actually I'm with bitcoin for the long term now (I voted 0)

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: dancupid on March 21, 2013, 10:56:49 AM

I first bought in at $14 dollars after the first high of $30+ . I panic sold at about $7.
There really is a point at which you cannot take it anymore.
The higher the price at which you buy into a rally (or a correction), the easier it is for panic to suddenly wake you up at 4 in the morning and make you behave in crazy ways.
Most of us bought in cheap, and we can relax for a while - but there will come a point when emotions take over and we wonder how we are going to feed our children tomorrow.

I can relax all the way to $20 and I will still be making 200%
Do yourself a favor, if you can't take the ups and downs, stop following bitcoin, come back in 1 or 2 years and take a look at the price again...

dancupid

hero member

Activity: 955

Merit: 1002

I first bought in at $14 dollars after the first high of $30+ . I panic sold at about $7.
There really is a point at which you cannot take it anymore.
The higher the price at which you buy into a rally (or a correction), the easier it is for panic to suddenly wake you up at 4 in the morning and make you behave in crazy ways.
Most of us bought in cheap, and we can relax for a while - but there will come a point when emotions take over and we wonder how we are going to feed our children tomorrow.

deathcode

copper member

Activity: 1428

Merit: 253

I look at it in this way.... I invested an X amount of money that I knew I could affort to lose...
right now, I'm making close to 800% in my return... so EVEN if there's a huge PANIC sell, it'll take a HELL of a sell for me to actually lose money.
The way I think of it is. My gain is not realized until I trade back to fiat (USD) so to me, the BTC I have is equivalent to my initial investment until I decide to cash out.
If I cash out, I would make 800% of my initial investment, but why would I? I have nothing to lose anymore, and maybe A WHOLE lot to gain.
I'm sure many people are in my position due to the increase in price so, the question is, why would anyone panic sell when there's people desperate to buy?

Dargo

legendary

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Merit: 1000

lol, I think all the 0 votes mean "never."

Adrian-x

legendary

Activity: 1372

Merit: 1000

Won't sell missing from the poll

matt608

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Activity: 868

Merit: 1000

I've made a greedy trade which cost me 5btc at $24, which could be classed as a "panic sell".
My stupid logic was as follows:

1. I'm so sure BTC will rise a lot very soon, therefore I must get more BTC, at all costs!

2. I have no fiat to buy more BTC. I only have BTC.

3. I must quickly sell some BTC, even though I am sure it's about to go up, in the delusional hope that it will go down and then up.

Luckily I only sold a small amount and bought back in quickly. I was actually physically ill at the time which compromised my judgement but I'm not making the same mistake again! Just posting this in case it spares some other rookie trader from doing the same thing... (Apart from this, rest of my judgements have been pretty good though!)

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: Ivica on March 21, 2013, 08:36:53 AM

At 10,000,000$ and then retire. Cheesy

I'm guessing you have 0.3 BTC in your account... Tongue

mp420

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Activity: 501

Merit: 500

Never! When I sell it's always a calculated move. Also when I buy.

Ivica

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Activity: 218

Merit: 100

Firstbits: 19e3fc

At 10,000,000$ and then retire. Cheesy

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

There is only panic buying.

lleibowitz

newbie

Activity: 37

Merit: 0

The voting result shows an obvious tencency. Many of us won't ever "panic" sell.

bitster

newbie

Activity: 53

Merit: 0

Iam thinking right around $700 Cool

deathcode

copper member

Activity: 1428

Merit: 253

At $10,000.00 and then retire

coined

full member

Activity: 174

Merit: 100

this is a very lengthy uptrend, so much so that many newcomers have only ever known the sunshine of the bull market, so when the real correction starts and the bear market is on us, they wont know it to see it, they will assume price will bounce back up like it always does after a very large sell off, after all, people will snap up the cheap coins right? only this time it sinks lower instead, and they wait... waiting for the price to recover... it will be interesting to see how low they let it go before they actually realise what is happening and get out.

winter is coming..

don't know when this will happen of course. so gl with that Wink

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: Qoheleth on March 21, 2013, 08:00:37 AM

What's a panic sell?

http://en.wikipedia.org/wiki/Panic_selling

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: Vladimir on March 21, 2013, 08:00:21 AM

OP is rather transparent. He in some other thread claimed that he has "closed all his longs" now trolling in hopes to affect the price. Try harder.

the question is for you not for me so i am asking you i dont ask myself at what price i sell

lol

Qoheleth

legendary

Activity: 960

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Spurn wild goose chases. Seek that which endures.

What's a panic sell?

If the price is going down, that's when I buy.

Vladimir

hero member

Activity: 812

Merit: 1001

-

OP is rather transparent. He in some other thread claimed that he has "closed all his longs". Now he is trolling in hopes to affect the price. Try harder.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)