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Topic: DON'T DO PANIC SELLING !!! - page 47. (Read 8930 times)

full member
Activity: 266
Merit: 100
October 23, 2017, 07:01:03 AM
I've never been a Panic Sell, even though when the price of Bitcoin goes down,
Bitcoin's price will keep increasing year by year,  Cool
although it will come on issues that keep Bitcoin's price down.. Grin
full member
Activity: 378
Merit: 100
October 23, 2017, 06:58:48 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...



I believe, panic selling is actually good to some altcoins, but not to bitcoin, bitcoin is too strong to do a panic selling. In what I saw, whenever bitcoin goes on a down thread, it will make a come back by exceeding its last high price. So I think, panic selling only works on altcoins, and bitcoin is for keeps, long term investment.
full member
Activity: 588
Merit: 100
October 23, 2017, 06:53:16 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...



Yes dont do panic selling just hold until the fork finish.l dont under estimate bitcoin because bitcoin promising price for this end of the year will be granted for sure.l am very sure because l prove it before.That this will gonna happen again after the fork,that the value will jump to $7000.So l feel relax.

sr. member
Activity: 706
Merit: 250
October 23, 2017, 06:17:00 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

Must better you know how to control your emotion, if you are not to know how to control it maybe when you going to trade some of your coins it well be make have mistake and you can have get only low price for your coins.
full member
Activity: 275
Merit: 100
SOKOS.io
October 23, 2017, 05:22:34 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
sr. member
Activity: 644
Merit: 299
October 23, 2017, 05:19:12 AM
Sometimes it's hard not to panic and keep calm. But when the price falls it's a good chance to buy Bitcoin but not to sell it. Because in a few days the price will increase again and you will be very sorry. You have to be patient.

Honestly, for someone who is going to be holding for long, I do not see any reason why they should panic. Most people are just in this ride looking for the fastest ways to double their money and have no idea what bitcoin is even all about. Ask some people today to tell you what they understand about the blockchain technology, they will blab rubbish.
However, if you understand the value of bitcoin and also understand the volatility after monitoring and studying the movement since the beginning, then you will see dips as blessings instead.
hero member
Activity: 896
Merit: 514
October 23, 2017, 05:07:40 AM
They need to study what bitcoin is. Than they would know what bitcoin actually is. BITCOIN IS UNSTABLE. This is why it can drop very hard and that it can go very high in one week.

For an example bitcoin was nearly 5k worth but in one week it fell to 3k. This means that its unstable.

Yeah it is unstable but bitcoins are really under-priced even at this level of trading. The price is likely way above this, if there would be a great adoption then the prices will likely go up because of the level of demand for it and there is not enough supplies.

This is unstable now because the demand and supply has not yet balanced out. If there is a lot of consistent demand, then likely prices will stabilize as well.
newbie
Activity: 24
Merit: 0
October 23, 2017, 04:47:59 AM
They need to study what bitcoin is. Than they would know what bitcoin actually is. BITCOIN IS UNSTABLE. This is why it can drop very hard and that it can go very high in one week.

For an example bitcoin was nearly 5k worth but in one week it fell to 3k. This means that its unstable.
hero member
Activity: 2156
Merit: 891
Leading Crypto Sports Betting and Casino Platform
October 23, 2017, 04:31:19 AM
Sometimes when people panic, they did decision wrong ,so avoid to panic guys. That's normal if the price down just relax ,wait and hold. I already got panic before but i never sell my coin i'll still keep holding on it.

Well people eventually will realize that. You probably will observe that most panic sellers are those that are new to btc. Once they've seen the recovery of bitcoin after a dip, they'll have more control the next time they see a price drop.

It's normal as human to panic but after you feel panic, just calm and pick up your thoughts and don't trade when you feel that you're still in panic. And don't make panic a habit, learn to overcome every detail of it. Always trust and have a confidence that your coin will recover after it crashes.

I think it is relatively easy to say "Don't panic" , but actually when we do panic then our emotions take over our mind and we take wrong decision. If someone  invested more than he could afford to lose he would panic and take wrong decisions for sure.

Well of course, it's easy to say that but every time that we see some red days in the market we can't help to feel some shivers in our body. And that's fine and don't over think things as we all know that this is always part of trading and we can't run away from it.
full member
Activity: 505
Merit: 100
October 23, 2017, 04:05:32 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...



I think, this only applies to cryptocurrencies which are on the top of the market like bitcoin and etherium, but to some altcoins, panic buying might save what you have invested with. Coins like bitcoin is something that is for long term investment, it has a high chance of giving you a lot more profit than what you have in mind.
full member
Activity: 588
Merit: 101
October 23, 2017, 03:37:09 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...



agree, do not panic sell if the price goes down because it will make you bigger loss better patient and wait price rise again and now bitcoin price keep going up
legendary
Activity: 1120
Merit: 1000
October 22, 2017, 07:19:39 PM
Well people have ultimate control over their bitcoin they can do whatever they want we can't force them to hold their bitcoin, yeah I've been in this situation when seeing the price drop and so panic I think it's better for us to manage and regulate the emotion. I respect those who bought in 1k dollars and not sell them even though the price crashed to the deepest now their sacrifice has paid off, we should learn from them.
sr. member
Activity: 344
Merit: 257
EndChain - Complete Logistical Solution
October 22, 2017, 07:18:43 PM
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
full member
Activity: 742
Merit: 144
October 22, 2017, 07:02:15 PM
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.

That's true people tend to sell on panic because of not ready on their trade and lack of knowledge well i don't trade with any speculation. I started my trading with so much knowledge simply because i don't want to loose my hard earned money so i have to be ready emotionally and financially on that time.
sr. member
Activity: 588
Merit: 250
October 22, 2017, 06:49:57 PM
Holders get more profits because of the panic sell, actually bitcoin has proven it from a similar incident like this, where there was a decrease and then bitcoin prices rose higher, I think this is a familiar thing.
In my opinion, there is nothing more profitable than that of holding your bitcoins in the world of crypto currency. The only thing you need to have is to learn how to control your nerves and remain patient.

Patience is the only key if you want to earn a good amount of profit not only in case of holding but in other case as well. If you will lose control your nerves and will go for panic selling, then you will get nothing but loss.

Still,  we can't force other people to hold their bitcoins.  We do not know the real reason or their motives for selling and we only assumed that they are just panic selling.  Anyways I am also getting attractive to sell my coins because the price is really high and that I can buy what I want to buy but then I remember that there is a fork coming.  The fork might result to higher market price so I will hold my coins for now.
full member
Activity: 381
Merit: 101
October 22, 2017, 06:06:26 PM
You should absolutely not do panic selling otherwise you will regret it for the rest of your life. Bitcoin's value will continue to rise for many years to come so keep holding.
member
Activity: 97
Merit: 10
October 22, 2017, 05:44:33 PM
Great advice in theory but you know many people are gonna panic sell regardless. This may be for a variable of situations but the most prevalent being they are either weak or leveraged too high.
hero member
Activity: 3080
Merit: 603
October 22, 2017, 05:33:56 PM
The price is at $5,800 and that's good for those people that never do panic selling. When the price was back at $3,000 I knew it that many will be selling at the range of $3,500 because they thought that bitcoin's price will be falling down. And this is the reason why the price of bitcoin pumped again, because many had bought a lot of bitcoin when the price reached that dip.
hero member
Activity: 854
Merit: 501
October 22, 2017, 05:26:58 PM
Holders get more profits because of the panic sell, actually bitcoin has proven it from a similar incident like this, where there was a decrease and then bitcoin prices rose higher, I think this is a familiar thing.
In my opinion, there is nothing more profitable than that of holding your bitcoins in the world of crypto currency. The only thing you need to have is to learn how to control your nerves and remain patient.

Patience is the only key if you want to earn a good amount of profit not only in case of holding but in other case as well. If you will lose control your nerves and will go for panic selling, then you will get nothing but loss.
sr. member
Activity: 423
Merit: 250
October 22, 2017, 04:37:11 PM
Sometimes when people panic, they did decision wrong ,so avoid to panic guys. That's normal if the price down just relax ,wait and hold. I already got panic before but i never sell my coin i'll still keep holding on it.

Well people eventually will realize that. You probably will observe that most panic sellers are those that are new to btc. Once they've seen the recovery of bitcoin after a dip, they'll have more control the next time they see a price drop.
Yeah that’s true that now investor are well aware that panic selling will give them loss as well as it will also give loss to the bitcoin prices and now everyone’s strategy has changed a lot because of the people who lost a lot of money due to panic selling they shared their experiences here and newbies are now mature enough they simply hold their coins when prices get low and this is the good mindset for investor.
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