DON'T DO PANIC SELLING !!! - page 38.

butcherme

member

Activity: 368

Merit: 18

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 really think that panic selling is somehow good if you know how to take advantage of it. If a lot of people sell their bitcoin during dump, bitcoin price will keep on going dump, and I think it is a good time to buy. Bitcoin price goes up and down, and sometimes it recovers fast and even surpasses it's previous price before the dump.

Xester

hero member

Activity: 994

Merit: 544

Quote from: hheight on November 30, 2017, 10:16:58 AM

Panic sales will never disappear. That's just how things works - there will always be newbies with a bunch of mistakes and sharks always will earn great profit on this.

I have been in that situation and also done that. I learned my lesson to just hold on to save your bitcoin. I sold my bitcoin before when I continuously saw that bitcoin price started to goes down. To cut my loss I sold them and regret it in a few hours. Bitcoin price started to goes up and never goes down. Newbies will always like that especially if they do not know anything about it.

hheight

full member

Activity: 392

Merit: 102

Panic sales will never disappear. That's just how things works - there will always be newbies with a bunch of mistakes and sharks always will earn great profit on this.

applenap

newbie

Activity: 12

Merit: 0

This is something that people in the BTC industry should always be reminded of, although you can strike gold with panic selling the outcomes aren't always favorable. Keeping calm provides more stable results.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Urbanbypas on November 29, 2017, 03:35:38 AM

Yesterday, when the cost of bitcoin exceeded 10,000, I was afraid that many would start selling it and the rate would drop. But this did not happen, on the contrary, the value of the crypto currency rose to 10500. Simply fantastic dynamics of growth.

Well yesterday it rose from 10k to 11k in a span of a few hours and today it plunged to 9k with the same quickness. But i don't see any panic there. People are now even hoping for these kinds of dip and corrections. You're probably a newbie if this rattles you

sclmte

member

Activity: 434

Merit: 10

Quote from: cynical on October 11, 2017, 02:00:08 AM

I will not be panic selling either. A quick analysis on coinmarketcap will tell us that the risesnand falls in the market is normal, so there really should be no panic

I feel precisely the same way as you do. Bitcoin's characteristics is very volatile. It is subject to change its price at any given time. But there is no need to be afraid or to be panic. Everything will back to normal after all. But honestly, i just want to say thank you for those who sell their bitcoins during its price was collapsed. They sell, then I buy. This is a big opportunity for me. Though this is not a good move for them but Thanks to those panic sellers out there. Hope you will learn from your mistakes. Keep hold, stay calm because its normal.

Urbanbypas

member

Activity: 171

Merit: 10

Yesterday, when the cost of bitcoin exceeded 10,000, I was afraid that many would start selling it and the rate would drop. But this did not happen, on the contrary, the value of the crypto currency rose to 10500. Simply fantastic dynamics of growth.

01asd

full member

Activity: 238

Merit: 112

Quote from: Dudeperfect on November 25, 2017, 10:51:07 AM

I do see panic selling waves as the golden opportunities to enter into the Bitcoin at the best possible level because it follows the principle of the great investor Warren Buffet, he says "Be fearful when others are greedy and be greedy when others are fearful". While panic selling takes place, the market falls dramatically where most of the sellers are newbies and experienced traders/investors are on the buy wall so it's baseless to sell during such wave when returns on investments are concerned.

Usually the panicked person is a person who does not understand or yet knows about the true value of Bitcoin. There are people who invest into Bitcoin but want profit with a short time. And to be able to profit a lot from Bitcoin, we must wait until several years. The man sells Bitcoin when the price of Bitcoin drops dramatically when he can not profit so he just wait for 6 months. That's unfortunate because maybe a lot of beginners like that. We can not sell anything that happens if we can not profit. The increase and decrease in the price of cryptocurrency is a natural thing.

danjonbit

full member

Activity: 364

Merit: 101

DanJoN

I can expect now that there is a much volume in selling bitcoin, because on its grow in this past weeks, it is remarkable but expected, still bitcoin is growing and I have faith that it will grow much more soon.

Getmon

sr. member

Activity: 1400

Merit: 273

Panic selling is not really a good move. However, this is highly understandable to beginners and newbies in crypto because the movements in prices are sometimes very bullish or negative that people cannot easily control their reactions. But as soon as they are fully integrated to the crypto community, they will soon realize that such spikes and dips and pumps and dumps are very normal.

nagatraju

hero member

Activity: 672

Merit: 500

yes, it's a good experience...you can learn from your mistakes and you can learn on others people mistakes) in this case there is no place for emotions...you need a cold calculation and you will do the right thing

ruzel13

member

Activity: 136

Merit: 10

Panic selling or dumping is normal thing with bitcoin it was made by newbies and manipulators to dump it and we can not do anything about it

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: Kemarit on November 25, 2017, 02:47:15 PM

Quote from: Dudeperfect on November 25, 2017, 10:51:07 AM

I do see panic selling waves as the golden opportunities to enter into the Bitcoin at the best possible level because it follows the principle of the great investor Warren Buffet, he says "Be fearful when others are greedy and be greedy when others are fearful".

While panic selling takes place, the market falls dramatically where most of the sellers are newbies and experienced traders/investors are on the buy wall so it's baseless to sell during such wave when returns on investments are concerned.

Panic sellers will always be here no matter how much we advise that its not the correct decision. The problem with them is that they react to FUD rather than seeing and trying to digest what is going on. The market crashes, price plummeted, however this is a perfect buying opportunity for most of us. The investors loves to buy in this kind of dips. They even buy in bulks and accumulated more bitcoin in their wallet. This is how most investors do and its one of the strategy why we have so may investors that have accumulated so much bitcoin overtime.

Agree and to be honest, most of us have gone through this phase. Probably, the loss is what teach us about it and experience helps us to keep calm during next panic selling wave. Experienced traders accumulate their capital all the time and when they see an opportunity, they grab it with their maximum potential. Whereas, newbies do it in the exact opposite way and hence suffer loss. One should always remember and follow Warren Buffet's principle while trading in my opinion.

Harrisonimo

full member

Activity: 490

Merit: 101

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...

Part of the secrets of trading is never to sell at a loss. No matter what, you try and HODL till the coin picks up again then you can take profit. For those who have Bitcoins at the moment, I will also advise not to do panic sell. If you are still certain of the 10,000$ mark, then you can still HODL to have an opportunity to make an extra 1,500$ on each. Well, it is an actively exciting market, so, when dump it is also an opportunity for someone else to buy and key into the future if Bitcoins. But really, if everybody HODL, there won't be a market.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: domari on November 25, 2017, 03:03:15 PM

I never panic if bitcoin is decreasing. I remain patient to wait for bitcoin to rise. The key is patience, because if bitcoin falls slightly there will be a big increase. that's my opinion.

That's a good mindset to begin with. Panic selling will bring more harm to you in the long run. So its much better to really just hold don't panic and stay calm. The market is really very unstable and a slight new will tip the price to the other side but it doesn't mean that it will continue to go down or the price will crash. Sometimes a correction needed so that get to the next level. Those that panic and push the sell button right away might regret their decision later.

Quote from: DonQuijote on November 25, 2017, 05:27:26 PM

Quote from: BitcoinLoan on November 21, 2017, 07:05:06 AM

Because investing in cryptocurrency requires a lot of patience and being calm, especially when we invest in popular coins. I agree with you

Yep!
Cryptomarkets are insane, you need to know before invest.

Specially in the last couple of weeks. Bitcoin Cash, Ethereum and Bitcoin have very wild swings. And all of them are hitting ATH. Understand how the market works and invest on the right time and you will be ok and can make profits.

DonQuijote

legendary

Activity: 1551

Merit: 1002

♠ ♥ ♣ ♦ < ♛♚&#

Quote from: BitcoinLoan on November 21, 2017, 07:05:06 AM

Because investing in cryptocurrency requires a lot of patience and being calm, especially when we invest in popular coins. I agree with you

Yep!
Cryptomarkets are insane, you need to know before invest.

miyong

full member

Activity: 420

Merit: 100

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...

Yes, panic selling is one of my regret. I sell my btc when I find that it it will be the highest price for me and find out that i was wrong when I've leàrn that btc price continue to increase.

wilberthh

member

Activity: 462

Merit: 12

Indonesian Translator, #1 Quality is prioritized.

Kinda true, I think the term of "panic selling" doesn't works at all in bitcoin. Whenever the price of bitcoin dropped badly, for sure the next few days the price will up again even much more! I think no matter what we should keep our bitcoin no matter how hard it the price dropped (at least for now).

santiPOGI

full member

Activity: 1004

Merit: 111

the down fall of bitcoin is not a bad sign , well people are used to bitcoin and once down people gather on the markete and keep buying bitcoin coz they know that this is just the start of good profit coz bitcoin will pump anytime .. panic selling are wasting their chance to earnn more from bitcoin

domari

member

Activity: 146

Merit: 10

I never panic if bitcoin is decreasing. I remain patient to wait for bitcoin to rise. The key is patience, because if bitcoin falls slightly there will be a big increase. that's my opinion.

Topic: DON'T DO PANIC SELLING !!! - page 38. (Read 8930 times)