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Topic: DON'T DO PANIC SELLING !!! - page 40. (Read 8930 times)

full member
Activity: 382
Merit: 100
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November 18, 2017, 10:02:09 AM
Eventhough Bitcoin is getting lower in it's value at times, it is not good to do panic selling. In every investment, time is important. Risk is there and this should be embraced well. Though it goes down a bit, bitcoin's price is still high and we can believe that this will continue to go up because the market and even many countries are accepting bitcoin as one of their currency. Believing in bitcoin instead and it's capacity to grow is essential. We may not know what the future holds, we have to continuously believe in bitcoin for the opportunities we can see on it lately.
In the world of crypto currency, the only thing which can result in your disaster is panic selling. There is no point of getting panic and deciding for selling of your coins which you are holding and that too at lower prices. The most important thing which can help you in this matter is having patience on yourself. Panic selling will give you nothing but regret of selling your coins at lower price.
full member
Activity: 406
Merit: 110
November 18, 2017, 09:24:15 AM
Yes it is not right to do panic selling.Just have trust on Bitcoin. Don't get panic after watching the falling price of bitcoin .Hold your coins because the price will surely rise.
If we do so then we will lost a lot of money, almost all of the people are doing investment and if we will all fail and do panic selling what do you think it can cause to us and to cryptocurrency right? Maybe if that happens that we don't trust bitcoin or we do panic selling all the time that we see bitcon price failing then the tendency is that price of bitcoin will not rise as it is where right now.
member
Activity: 322
Merit: 10
November 18, 2017, 09:23:13 AM
Do not panic when bitcoin prices go down and you rush to sell without any other consideration. Rise down the price is common in the world of the market it is all a correction to arrive at a price or a certain point, did you know that if the price is decreased or correction it is a sign that the commodity price will be higher than the previous price, the point is we do not take a decision in a state of panic, it will only make you regret. consider some things that really affect the price movement of a commodity.
full member
Activity: 397
Merit: 100
November 18, 2017, 08:58:29 AM
Yes it is not right to do panic selling.Just have trust on Bitcoin. Don't get panic after watching the falling price of bitcoin .Hold your coins because the price will surely rise.
hero member
Activity: 1400
Merit: 536
November 18, 2017, 08:14:03 AM
It's sometimes very difficult not to panic, in fact when we panic, we break down and we make more mistakes. For this reason, we should not panic, but panic natural thing.
full member
Activity: 216
Merit: 100
November 18, 2017, 05:23:14 AM
Hey everyone Smiley

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...



panic selling never been a good choice for me....i always believe in bitcoin,
frm the start up to now,saw it frm up to down and i can say its normal.
only those big whales will profit if we do panic..they can buy more and sell it in high price.
so its a big lose for dumpers right?waiting and holding sometimes is the key...
while holding try to increase your savings that way you can gain more in the future.
full member
Activity: 308
Merit: 101
November 18, 2017, 04:58:42 AM
Well i did sell some coins and waited into usd, i had purchased  bitcoin back, and well i made some nice profit, i were able to grow my coins with those, bitcoin will always up and down and its something that keeps atracting more and more investors, if you lucky and fast enought you can make easy money into those up and down, sure there are risks, but the reward is good as well.
Panicking always lead to the unbearable losses and I have gone through a lot through this situation and after doing so much loss of myself I learn only one thing cutting of loss is not beneficial simply hold coins in the time of dump always bring good days soon and the one who is good at holding his coin is the best investor of all the time and the rule of successful investor is avoid panicking and that is right thing to do.
hero member
Activity: 700
Merit: 500
November 14, 2017, 09:12:29 AM
Absolutely do not do panic selling, especially with BTC. This will be the worst possible thing you can do because the BTC price always bounces back. That is because it's supply is limited. Over half have already been distributed and now more and more people are wanting to buy it so this is making the price start to finally reach it's full potential in the markets.
full member
Activity: 546
Merit: 122
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November 14, 2017, 08:50:26 AM
Bitcoin's market value is now falling from its value recently that is more than 7400$ to its price at this moment which is 6300$. But as you've mentioned, it will be able to recover and panic selling won't be a good choice especially if an investor is wanting to have huge profit in the future. So the best thing todo is HOLD and invest while its balue is low.
full member
Activity: 658
Merit: 189
November 14, 2017, 08:33:06 AM
panic is a very human thing because everyone does not want to lose, but it all depends on their patience if they are patient and not panic will definitely benefit its fore, it is difficult to say I do not panic if you are a trader
full member
Activity: 418
Merit: 100
November 14, 2017, 08:29:23 AM
panic is human nature that should be avoided if you do trading, because it will make us experience losses and not get a profit. so I think we should be calm if trading and always think of all the actions that will be done.
hero member
Activity: 1498
Merit: 502
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November 14, 2017, 08:25:50 AM
It is easy to say but some newbie in crypto currency couldn't really resist it they will fall into the trap and for sure after they sold their coin they would feel bad for giving up so easily,
We should have to learn to control our emotion when it comes to crypto currencies .
Those to be said newbie in crypto currency trading should read many biographies of profesional trader who succesfully gaining their wealth through trading.
There's so many experiences that can be learnt especially about these bear trap and many things.
If those newbies keep falling on that trap even if already read so many tips and experiences from expert. They're plain dumb and can't learn from the past

Panic selling is bad but we need also some coins so if they are selling their coins i would buy it xD. To look at a proffesional seller is a very good idea so they can learn how it works.

If they can stop panic selling maybe they will actually gain something than nothing.
Panic selling is the worst thing a investor do he himself is getting loss though it as well as giving loss to the bitcoin. And in past people believed in the rumors and start selling their coins blindly and this give loss to them and now the things had changed a bit, investors are now well aware of this thing that after every dump there is pump and never put ears on the rumors stick to your aim and get the maximum from btc.
full member
Activity: 322
Merit: 102
November 11, 2017, 02:08:44 AM
Eventhough Bitcoin is getting lower in it's value at times, it is not good to do panic selling. In every investment, time is important. Risk is there and this should be embraced well. Though it goes down a bit, bitcoin's price is still high and we can believe that this will continue to go up because the market and even many countries are accepting bitcoin as one of their currency. Believing in bitcoin instead and it's capacity to grow is essential. We may not know what the future holds, we have to continuously believe in bitcoin for the opportunities we can see on it lately.
hero member
Activity: 1148
Merit: 528
November 11, 2017, 01:48:37 AM
i was thinking to buy btc when it was 3000, now it is above 7000, i am still thinking.. Roll Eyes Roll Eyes

That's why it is smart to do dollar cost averaging!!
You don't need to trade and speculate and if you can't or lack the knowledge. That's ok.
Instead just buy each month a bit of Bitcoin. For about 50-100 bucks maybe if you can afford. Smoke less, drink less or eat less junkfood. It's good for your health and will probably make you some nice profit in the future. So whatever the price is, buy regularly small portions. Do this for 2-3 years and in 5 years you may get a pretty nice return! Think long-term;)
So it seems that you have not done anything except of just thinking and making castles in the air. Now as we all know that the price is beyond the reach of a common man and it is not easy to buy bitcoins at present because of high prices and also due to the reason that on one is going to sell their assets as price is expected to increase up to dollar 8k at the end of this year. All I can say to you is that be more practical and implement your plans instead of just drawing them in your mind.
hero member
Activity: 729
Merit: 500
November 10, 2017, 10:13:40 AM
Well i did sell some coins and waited into usd, i had purchased  bitcoin back, and well i made some nice profit, i were able to grow my coins with those, bitcoin will always up and down and its something that keeps atracting more and more investors, if you lucky and fast enought you can make easy money into those up and down, sure there are risks, but the reward is good as well.
sr. member
Activity: 462
Merit: 260
November 07, 2017, 10:45:39 AM
It is difficult to convince people to hold Bitcoins because they also need money for their daily needs. But there is a point in what you said because we are also the reason why the price of bitcoins is falling. The good we should do is not to sell everything we hold. And just spend our needed money. To avoid panic selling. In fact, there is little effect on people with little investment in the crypto. What really matters is the so-called whales that manipulate the price of bitcoins.
legendary
Activity: 1442
Merit: 1016
November 07, 2017, 08:35:49 AM
i was thinking to buy btc when it was 3000, now it is above 7000, i am still thinking.. Roll Eyes Roll Eyes

That's why it is smart to do dollar cost averaging!!
You don't need to trade and speculate and if you can't or lack the knowledge. That's ok.
Instead just buy each month a bit of Bitcoin. For about 50-100 bucks maybe if you can afford. Smoke less, drink less or eat less junkfood. It's good for your health and will probably make you some nice profit in the future. So whatever the price is, buy regularly small portions. Do this for 2-3 years and in 5 years you may get a pretty nice return! Think long-term;)
member
Activity: 62
Merit: 10
November 07, 2017, 08:24:05 AM
i was thinking to buy btc when it was 3000, now it is above 7000, i am still thinking.. Roll Eyes Roll Eyes
legendary
Activity: 3486
Merit: 1055
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November 07, 2017, 08:20:42 AM
Bitcoin prices are only down slightly and we do not need to panic, because bitcoin prices are still very high. I'm sure you bought bitcoin under 7k USD and you can still make a good profit now.
full member
Activity: 212
Merit: 100
November 07, 2017, 08:20:30 AM
Exactly, the price is going to come back to what it was eventually. Thats how I make money from other people.
I find that in fact, trading less often would have let me earn more money than i would've if I was just keeping my money in the coin.
Bitcoin and alts are highly violatile but they are on a strong uptrend.
Yes. I learned that when the bitcoin prices dump. And it makes me afraid that my bitcoins in my wallet falls down too. But when days past the bitcoin prices back to its normal value and a disaster for me because i sell it already.
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