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Topic: DON'T DO PANIC SELLING !!! - page 46. (Read 8953 times)

sr. member
Activity: 574
Merit: 256
October 24, 2017, 01:43:34 PM
If you are investing in Bitcoin then you must have enough patience to hold your bitcoin's for a longer period otherwise there is no fun of investing in it. Investors who are new in this market mostly commits the mistake of panic selling because they are not conversant with the potential of Bitcoin. According to me when there is a drop in the price,they start selling there btc's because they may have a thought that price will now drop only and will not rise .These kind of people should understand that holding your btc's is the key to get huge profits because the price will surely rise.So rather than committing the mistake of panic selling they should use this price drop as an opportunity to invest more.
newbie
Activity: 23
Merit: 0
October 24, 2017, 12:50:52 PM
My exchange platform has an auto-sell setting when price goes down a specific value. It sold my Bitcoin during the fall of price during the Chinese ban  Sad
full member
Activity: 476
Merit: 100
October 24, 2017, 12:35:19 PM
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...



People in this forum never learn several times, this things happen in several years. That's why those who did not get panic about dumping or crashing the price value are the winner in terms of bitcoin profit. The main characteristic of being traders is to have long patience while holding any altcoins or bitcoin.
hero member
Activity: 2408
Merit: 584
October 24, 2017, 11:25:19 AM
I really agree with that statement because firstly, when we panic we will not be able to think clearly in taking a decision, calm is the key think what will happen after we do selling, second usually when all people do selling then according to my experience the price will reverse direction and start crawling back this you can use as a gap to take advantage by making a purchase at the bottom of the valley and sell it when on the hill. That is the trick to take advantage when the price conditions decrease.
A lot of the people are thinking like this because they are aware of it that the value of the bitcoin is increasing and in the future a lot of the other people invest in the bitcoin. It is not the good time to sell the bitcoin but they should hold for the long time, and the income of the bitcoin will be double. I am very sure if you will buy the bitcoin and will not sell it early then this will give you the bright future.
hero member
Activity: 910
Merit: 550
October 24, 2017, 07:54:56 AM
Guys don't do panic selling as the title says because panic selling can cause decrease of the price of bitcoin. If we can make it more stable that many people bought btc and invest on it we could reach the $10000 barrier soon. I already did panic selling before but right now I'm gonna hold because i know that bitcoin could go rocket before the end of the year.
legendary
Activity: 1442
Merit: 1025
October 24, 2017, 07:01:47 AM
You can not control dumping it is natural with any coins, may be they really need money so they sell it in low price. Do not worry bitcoin always rising up
Of course no one can control dumping as so many people dump for so many reasons anyway. Some dump because they have weaker hands and then panic once they are losing since they do not even understand much about cryptocurrency anyway.

Some dump because they are whales and want to control the market to that effect and some dump because they are regular traders looking for profit. So, it depends on each individual and whether we like it or not, it is a currency market and there will always be dumps.
hero member
Activity: 980
Merit: 506
October 24, 2017, 03:12:25 AM
You can not control panic selling it was made because of bad events happening just like when china banned bitcoin, they dumped it because of the situation
I think otherwise. It all depends on the person himself. If he is brave enough that he can manage the situation in a good way, then there is no way that he will lose his control over his emotions and will go for panic selling. Panic selling can only help you in losing your very own money with your very own hands. You need to control your emotions and you need to learn how to remain patient in difficult situations.
hero member
Activity: 1078
Merit: 501
October 24, 2017, 02:44:35 AM
Bitcoin's price dropping and decreasing is only normal. It is highly volatile and there is no guarantee when the price will increase or decrease. If you will be affected by the FUDs and do panic selling you'll just incur some losses. Just keep calm and hodl, the future for bitcoin is very bright.
I agree, panic selling is also the reason why bitcoin price is decreasing. So maybe if all of us will stick to hold our bitcoins and will not sell it, bitcoin price will stay with its price and continue to rise. But hard fork is now coming so we can't blame everybody to make panic selling. They are all just taking care of their bitcoin. Just like me, I also don't want to lose my bitcoins. Cheesy
MRY
full member
Activity: 560
Merit: 109
October 24, 2017, 02:11:36 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...



indeed panic sell is a bad thing in trading because only losses will be obtained, better be patient, hold and wait for the price will surely rise again
legendary
Activity: 3696
Merit: 4343
The hacker spirit breaks any spell
October 24, 2017, 02:11:09 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...



you are right, i agree with you
(like jamie dimon tweet) panic sell enable bad guys to buy bitcoin at low price

BAD

hodl for life
hero member
Activity: 1890
Merit: 831
October 24, 2017, 02:07:49 AM
ill be panic buying soon - ridiculous amounts too.

If it can dip under 4500$ that would be great - though i dont see this happening SadSad

I think You should wait till the hard fork, after the bitcoin gold is launched there is a probability of price decreasing a lot, be patient for a while don't end up in a loss.
Also even Within a day sometimes its price dips down and that a good idea , just be free and switch on your wallet notifications Wink you will save a few bucks in this way.

Also someone told me once ^ never buy bitcoins when the price is increasing^

Since they have pushed this new milestone soon enough even if the price falls they will be back on track Cheesy anyways best of luck
full member
Activity: 396
Merit: 104
October 24, 2017, 02:06:35 AM
We can not do this because the bitcoins are also needed by its users.

So when there's a panic selling we expect that the bitcoins will actually fall down. Especially if we can not stop it, we know that when it goes, then we can return to $ 200 a bitcoins.
legendary
Activity: 2383
Merit: 1551
dogs are cute.
October 24, 2017, 12:47:30 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...


You think people will listen to you? The answer is no. It's a trend among people that if price decreases it is a loss and to avoid that they panic and sell whatever they have at any given price in exchanges. Why do you think whales are getting bigger and bigger? Because of the idiots who panic sell.
sr. member
Activity: 1071
Merit: 253
October 23, 2017, 11:24:58 AM
People who are emotional or a newbie in trading always panic when FUD spreads and lack of information push them to sell their btc. It's just a natural reaction for starters because I've also done this before but they will be able to sort this out when they gain more knowledge on crypto.
Well it’s true that it is a natural reaction but I think when you want to sell bitcoins so you must know about bitcoin price on daily base because it’s very important for selling to know about bitcoin price otherwise you can be in trouble or you can lose your bitcoin so always be careful in selling bitcoin than you can get a very good profit.
hero member
Activity: 994
Merit: 544
October 23, 2017, 07:06:55 AM
I really agree with that statement because firstly, when we panic we will not be able to think clearly in taking a decision, calm is the key think what will happen after we do selling, second usually when all people do selling then according to my experience the price will reverse direction and start crawling back this you can use as a gap to take advantage by making a purchase at the bottom of the valley and sell it when on the hill. That is the trick to take advantage when the price conditions decrease.

Definitely.  When we know the true value and potential of bitcoin we will not do any panic selling.  Bitcoin price is volatile and we cannot say when will its price goes down.  But the sure thing is that, bitcoin price will just keep on going high since seeing its price before and up until now.  There were ups and down but comparing its price on its past years, bitcoin gives sure profit. 

I panicked sell before and will not again happen.
full member
Activity: 322
Merit: 100
October 23, 2017, 06:57:50 AM
I really agree with that statement because firstly, when we panic we will not be able to think clearly in taking a decision, calm is the key think what will happen after we do selling, second usually when all people do selling then according to my experience the price will reverse direction and start crawling back this you can use as a gap to take advantage by making a purchase at the bottom of the valley and sell it when on the hill. That is the trick to take advantage when the price conditions decrease.
hero member
Activity: 1680
Merit: 655
October 23, 2017, 06:54:14 AM
Well it is easier said than done. When you are put to a spot where the traders see that their portfolio is red your emotions will overshadow your thinking making you have wrong decisions and often lead to messing up your plan. When you are affected psychologically it really won't help you as you will see that Bitcoin is really going down fast and you will always think that it is a game over for Bitcoin making them cut their losses. For me when to avoid scenarios like this you must observe the charts in order to know where the trend will go.
full member
Activity: 167
Merit: 101
October 23, 2017, 06:48:30 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...



Yeah , i know.
This based from my experience , i do panic sell when the price decrease.
When i see the price raise up , i feel i do some mistake , because im new on trading.
But now , i just can hodl when the price up , and never do same mistake again.
full member
Activity: 182
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
October 23, 2017, 06:41:16 AM
Bitcoin's price dropping and decreasing is only normal. It is highly volatile and there is no guarantee when the price will increase or decrease. If you will be affected by the FUDs and do panic selling you'll just incur some losses. Just keep calm and hodl, the future for bitcoin is very bright.
hero member
Activity: 1078
Merit: 501
October 23, 2017, 06:12:35 AM
You can not control dumping it is natural with any coins, may be they really need money so they sell it in low price. Do not worry bitcoin always rising up
Yes, maybe they just really need money so that they are selling their coins. This coming hard fork we all know that bitcoin will dump but of course we need to accept that it is a reality. Bitcoin is really like that so we need to understand that it is part of being its bitcoin. I am sure that it will rise again and all of us will gain profit again after that.
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