DON'T DO PANIC SELLING !!! - page 17.

gabmen

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Quote from: btcprospecter on January 23, 2018, 08:11:14 AM

Much of the panic I think is caused by some who got in later than others if they had bought in the tail end of last year thinking bitcoin will rise and rise then yes they are going to panic when they see how much they have put in dwindle to a lower amount. Bitcoin and crypto currency is a marathon not a sprint.

Lol. Yeah that meteoric rise of btc last december got everyone hyped up and a lot got stuck in the 16-18k levels when btc plunged dramatically end of the year. I don't think there are many from those people who rode the hype, that still keeps their btcs though. They may have sold at a loss believing it's the end. That's why its important to make your own research instead of jumping on hypes.

yuukireit

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is better to waiting
if selling in the time like this that was the same to get lose too

Renampun

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there are also people who take advantage from "panic sell", they buy Bitcoin when the price actually goes down,
then sell it when Bitcoin price goes up a bit (short-term trading),
from now on I will not "Panic Sell" when Bitcoin price goes down, instead I will take advantage from the "Panic Sell" Cheesy

Kanda Yu

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Quote from: fiulpro on October 11, 2017, 12:37:38 AM

Hey everyone

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...

I agree. Not just because bitcoin is falling down right now, we should do panic selling already. There's still a possibility that the value will rise again so just hold and wait for the pump. Many people has already ended up being disappointed and regretful after doing panic selling that's why you should think about it carefully first before panic selling. Be smart in everything and always be careful.

btcprospecter

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Much of the panic I think is caused by some who got in later than others if they had bought in the tail end of last year thinking bitcoin will rise and rise then yes they are going to panic when they see how much they have put in dwindle to a lower amount. Bitcoin and crypto currency is a marathon not a sprint.

vsyc

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Quote from: mindrust on January 23, 2018, 07:47:49 AM

If you went all-in at $15k+ It is very hard to stay calm.

If you can endure the pain like who did in 2013 after GoX, I am sure you'll be laughing when btc hits $100k

I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years

Such crap will never be used in payments.

Its funny to observe how uneducated shill trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.

Lora_ng15

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if I had more money I would have bought bitcoin while it fell, but alas Undecided

mindrust

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If you went all-in at $15k+ It is very hard to stay calm.

If you can endure the pain like those who did in 2013 after GoX, I am sure you'll be laughing when btc hits $100k

Monkeydluffy001

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Quote from: fiulpro on October 11, 2017, 12:37:38 AM

Hey everyone

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...

That's the real problem in our generation today, lot's of people are doing panic buying and selling, they really don't know that it affects the cycle of cryptocurrencies, the more you sell your asset the more the demand will get lower that is why it's affecting the value as well, it should be balance and well played, some other newbies like me don't really know how to handle and what is the best time to sell or to holdbit, but as of the mean time lota of people are selling their stuff because it affects their asset, they think it will not be domino effect to other holders.

Innocant

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Quote from: stfN2128 on January 23, 2018, 05:44:52 AM

i only do panic hodling, we have to be patient. it`s not really unnormal that we see a correction after this december run... everything else would be unhealthy

That's the only way you need to hold your coins and be patient. Well it is normal they trying to corrections or going to be balance because we are so waiting for the coins will going be dump because we want to a coins be going to a cheap price.

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Quote from: stfN2128 on January 23, 2018, 05:44:52 AM

i only do panic hodling, we have to be patient. it`s not really unnormal that we see a correction after this december run... everything else would be unhealthy

This price correction is normal like you said and this is required in order to balance things up. We should also be thankful that there is a correction for the price because if we will not have a correction then we cannot buy some cheap bitcoins right now and we cannot also buy some lowered price altcoins in the market which is great for long term also.

stfN2128

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i only do panic hodling, we have to be patient. it`s not really unnormal that we see a correction after this december run... everything else would be unhealthy

RenBct

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Yes, this is really true, I panic sell once and it did affect my bitcoin price, then I purchase again but the rate of buying and selling really huge so it gonna effect the value of money. Sad.

pinoypersian

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yes and remember Successful traders have to move fast. but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to hold to that strategy. In fact, it is far more important to follow your formula closely than to try to chase profits. There's a mantra among day-traders: "Plan your trades, then trade your plan.

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Quote from: bitcon on January 23, 2018, 04:45:42 AM

Quote from: ?? on ??

Well, the real advice should be "Don't do anything when you are in panic"!
When you are under influence of a strong emotion, your rational mind shuts down and the chance to take bad - and expensive - decisions is very high.
Calm down, analyze the facts, and only them make the move.

I had a panic when the price of Bitcoin fell below $ 10,000. But the price was not fixed under the mark of 10,000 dollars and the panic retreated a little.

By this time staying out of panic is really not possible, because users could have left the ath expecting a large scale growth in the value and benefit out of the same based on the predictions that rolled out from experts stating that it'll go above 25000 and so on. Now when they find it less, surely they get panic and impossible to get rid of it.

bitcon

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Quote from: ?? on ??

Well, the real advice should be "Don't do anything when you are in panic"!
When you are under influence of a strong emotion, your rational mind shuts down and the chance to take bad - and expensive - decisions is very high.
Calm down, analyze the facts, and only them make the move.

I had a panic when the price of Bitcoin fell below $ 10,000. But the price was not fixed under the mark of 10,000 dollars and the panic retreated a little.

Genuz

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Price is declining, and making people more panicked. You will not get a good price, if you sell bitcoin in panic situation. Be patient and wait for the right time to sell bitcoin.

freedomgo

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Quote from: imdabest239 on January 22, 2018, 04:55:57 PM

Quote from: illete on January 22, 2018, 04:02:35 PM

Actually fluctuation of prices is part of trading and cryptoworld so just focus on goals which you have set and do not panic yourself.Once you feel you meet the maximum profit sell out.

But most people will never understand that, since everybody in here is blind because of money, they just want to make as much as possible and that is why we have so many panic sellers in here. Just relax, because it has been happening for more than years.

Panic selling is a crazy move, meaning you do not fully understand your decision to invest in crypto.
This is not a traditional way of investment, we will have to accept the big risk because crypto market movement is more based on news.
When you invest, you have to make a deep research so you will not make a wrong decision, the information is very available so we should not be lazy.

imdabest239

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Quote from: illete on January 22, 2018, 04:02:35 PM

Actually fluctuation of prices is part of trading and cryptoworld so just focus on goals which you have set and do not panic yourself.Once you feel you meet the maximum profit sell out.

But most people will never understand that, since everybody in here is blind because of money, they just want to make as much as possible and that is why we have so many panic sellers in here. Just relax, because it has been happening for more than years.

Kim Domingo

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Quote from: dx_twisted on January 21, 2018, 12:09:34 PM

Quote from: Sir Legend on January 21, 2018, 09:49:06 AM

Yes right, we should never panic under any circumstances, because in panic then we will not get the best decision so that will make us regret someday.

Panic selling are the actions of impatience people who doesn't have knowledge and experience in trading or investing. They are out of their mind in taking such actions without a proper plan. Also, a person on his right mind will only follow his well designed strategy when is the right time to exit all of his investments. However, there are circumstances that you also need to panic sell, not with Bitcoins, but with Altcoins or Tokens that are on the verge of going down and will turn into a dead coin that doesn't have any value at all. We all don't want that to happen, so there's no choice but to sell them all out until they will turn into garbage.

Indeed. I totally agree with you. Panic selling of their Bitcoins was really a movement or action done by those who are just new with this type of currency which is cryptocurrency. Just with the reason that Bitcoin was really volatile in a manner and also in nature, we must not do that panic selling because you will be missing out a great opportunity of gaining a large pump equivalent with your holding quantity right now and you will surely regret it on the time you have realized that you must hold it.

Topic: DON'T DO PANIC SELLING !!! - page 17. (Read 8930 times)