DON'T DO PANIC SELLING !!! - page 49.

Emitdama

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Quote from: Sled on October 19, 2017, 02:13:05 AM

Quote from: coin_1122 on October 19, 2017, 02:06:08 AM

Quote from: smauni on October 17, 2017, 11:32:42 PM

My badluck. Sad

I always sell my bitcoins and other coins in panic. I try to hold those coin but I can't.

Everyone will face the situation but you need to risk your money and you can't get profits anymore if you can't wait. Many people are holding Bitcoin by not selling them in the market only because they patience in order to make more money.

Patience is the basic foundation for every bitcoin investor because that is how they will make profit because the longer they wait then the bigger of profit that they can get in bitcoin investment or other form of investment. In investing, it is all about the patience and if you already have a lot of patience then you can easily become a winner in investing.

For future it is not a good sign that you always use or sell your bitcoin because you need some money for day to day life. Think about the past when you do not have any bitcoin and you were able to save some money and invest it in some business and was able to spend your time without withdrawing money from your business. The same is here with your bitcoin wallet. If you don’t plan you will never succeed.

peter0425

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Quote from: ivrynx on October 20, 2017, 08:14:46 PM

This is true, do not to panic selling, we all see now that the price of Bitcoin is around 6000 USD, we should be careful by this time and keep watch on the news, times like this, are when people who do not like bitcoins come out, and wants the price of Bitcoin to lower down or to destroy Bitcoin itself, if ever a negative news comes out, we should keep our cool and do research, in any case the news is false, we still have our Bitcoin, but if we sell it, just by hearing about a fake news and not investigating, it will be our loss, we should make a plan as well, in whether what to do if the news we receive is real or not, but panicn selling is never an option, it will just tuin your investment and your experience. We should also study the movement of Bitcoin and the market, since there are a lot of factors affecting the value of Bitcoin, one negative news, will not make an impact, unless we do not make our diligence in studying and making up a plan on how we can have situation, be it bearish or bullish, be on our side.

As much as we really want to think and believed that investors really researched for any news that impact the price of bitcoin, its not the case, specially those newcomers in the market because they think that bitcoin is a quick rich scheme. That's why when the price crash, they don't hodl because they know understand what hits them, and the first instinct is to really push that sell button. And then they go out and never comes back because they didn't meet their expectations and probably go back to altcoins which for me is much trickier than bitcoin. If they would just stay and hodl and not panic sell, I think they will really understand how the market works. Unfortunately, its too late for them and most regrets their decision to panic sell and exit early.

ivrynx

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This is true, do not to panic selling, we all see now that the price of Bitcoin is around 6000 USD, we should be careful by this time and keep watch on the news, times like this, are when people who do not like bitcoins come out, and wants the price of Bitcoin to lower down or to destroy Bitcoin itself, if ever a negative news comes out, we should keep our cool and do research, in any case the news is false, we still have our Bitcoin, but if we sell it, just by hearing about a fake news and not investigating, it will be our loss, we should make a plan as well, in whether what to do if the news we receive is real or not, but panicn selling is never an option, it will just tuin your investment and your experience. We should also study the movement of Bitcoin and the market, since there are a lot of factors affecting the value of Bitcoin, one negative news, will not make an impact, unless we do not make our diligence in studying and making up a plan on how we can have situation, be it bearish or bullish, be on our side.

edynolan

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You are right, a beginner in terms of trading is now an average of panic when you see the price dropped dramatically when going back to the previous higher price again. But of course for all of us for beginners including myself almost every time I make a mistake trading at the first time. following someone's words in return so the price would get worse so I sold it when it was very dangerous.
my only advice is not to listen to other people's words but follow your heart because you start and it all starts from your choice not on them

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: Kidmat on October 20, 2017, 07:33:23 PM

Quote from: okissabam on October 20, 2017, 06:10:28 PM

I think most of the people who panic sell are the newbies because those traders who knew the price of bitcoin and other coins and know that it will increase back its prices will hold on to their coins and does not panic sell.

The worst case in trading is doing panic selling, definitely this will gives a big impact on your funds. A big possibility of suffering loses. For us to become successful in trading it should be control your emotions and I agree those newbies are most likely in this situation.

Panic selling is not wrong, sometimes can save you from massive pump atleast cut lost, but as a trader we also need to use our logic to read the whole situation and read the chart aswell.
People often do panic selling when there's a bear trap because they don't use their logic instead, following the trend of trading.

Kidmat

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Quote from: okissabam on October 20, 2017, 06:10:28 PM

I think most of the people who panic sell are the newbies because those traders who knew the price of bitcoin and other coins and know that it will increase back its prices will hold on to their coins and does not panic sell.

The worst case in trading is doing panic selling, definitely this will gives a big impact on your funds. A big possibility of suffering loses. For us to become successful in trading it should be control your emotions and I agree those newbies are most likely in this situation.

chickenado

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Quote from: Doell on October 20, 2017, 05:18:29 PM

Quote from: amaral1977 on October 20, 2017, 04:41:03 PM

Many people entering BTC at this highs is coming from traditional money. With a good percentual increase, even for 5 or 10% and some FUD the panic will begin. People are used to 1 or 2 % profit on stocks. If they have 10 and a bad news. Panic it is, and down we go. And that means a buy order on my side.

panic is the worst nightmare for humans, panic selling to minimize a reasonable lose if the situation is not helpless, therefore smart people like me and you take advantage of this moment of panic

I hate to hear panic selling especially those people who believe right away from the speculations that spread everywhere. There's no point if you allow negativity to yourself. You are in safe hands with bitcoin and stop panic buying. Make use of your time to secure even more of your bitcoin but don't do that again and again once you hear something bad about bitcoin. Always make sure that there are many reliable and fact information from the head itself to avoid panic buying.

okissabam

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I think most of the people who panic sell are the newbies because those traders who knew the price of bitcoin and other coins and know that it will increase back its prices will hold on to their coins and does not panic sell.

Ronaldcoin2017

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Quote from: Fantomas81 on October 20, 2017, 05:28:26 PM

My bag of alts costs almost the same in USD like before BTC rally. Of course FOMO is bothering me, but I'm still hodling. Last days relaxed already... To late for sell for me...

well i agree on dont do panoc selling because the result of that is looses i think we should provide a limits for our emotions because sometimes emotion is really a big factor that can affect our self mode and by then we can loose.but i think if we are experienced enoughf to any kind of situation maybe we can handle this thing.

Fantomas81

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My bag of alts costs almost the same in USD like before BTC rally. Of course FOMO is bothering me, but I'm still hodling. Last days relaxed already... To late for sell for me...

Doell

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Quote from: amaral1977 on October 20, 2017, 04:41:03 PM

Many people entering BTC at this highs is coming from traditional money. With a good percentual increase, even for 5 or 10% and some FUD the panic will begin. People are used to 1 or 2 % profit on stocks. If they have 10 and a bad news. Panic it is, and down we go. And that means a buy order on my side.

panic is the worst nightmare for humans, panic selling to minimize a reasonable lose if the situation is not helpless, therefore smart people like me and you take advantage of this moment of panic

btcjocan

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Quote from: Lonsdayl on October 20, 2017, 04:46:05 PM

Quote from: amaral1977 on October 20, 2017, 04:41:03 PM

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...

Many people entering BTC at this highs is coming from traditional money. With a good percentual increase, even for 5 or 10% and some FUD the panic will begin. People are used to 1 or 2 % profit on stocks. If they have 10 and a bad news. Panic it is, and down we go. And that means a buy order on my side.

Right, people like be in panic. Nobody want to lose their money, but the crowd also do not want to lose any chance for "easy and quick money".

That's right. If you will do panic selling, you might not get the chance of gaining a lot because you sell it already when there are so many people selling it. There's no need to panic when the bitcoin price will decrease because we all know that it will not last for a long period of time. Just like now, bitcoin price is constantly increasing. So, we just need to trust our instinct that there's no need to hurry for the money.

Lonsdayl

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Quote from: amaral1977 on October 20, 2017, 04:41:03 PM

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...

Many people entering BTC at this highs is coming from traditional money. With a good percentual increase, even for 5 or 10% and some FUD the panic will begin. People are used to 1 or 2 % profit on stocks. If they have 10 and a bad news. Panic it is, and down we go. And that means a buy order on my side.

Right, people like be in panic. Nobody want to lose their money, but the crowd also do not want to lose any chance for "easy and quick money".

amaral1977

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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...

Many people entering BTC at this highs is coming from traditional money. With a good percentual increase, even for 5 or 10% and some FUD the panic will begin. People are used to 1 or 2 % profit on stocks. If they have 10 and a bad news. Panic it is, and down we go. And that means a buy order on my side.

cardinalVC

newbie

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Some exchanges have a automatic system to sell their coins if it reached a certain trading value, better make sure you inactive yours, if there are.

stepwilli

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Quote from: jonatuzc on October 19, 2017, 04:35:46 AM

Quote from: yishak on October 15, 2017, 07:05:44 AM

Yeah, you are right. If people don't sell at panics and wait till the price recovers then they won't lose anything but people have emotions and these emotions force them to sell when there is a panic happening so they don't lose much money than they have lost now. If you look back at charts wgere there were panic drops it always manages to recover to its previous price but despite this peoe will still sell because of emotions.

If a person is investing into bitcoin he must know how to manage nerves in critical situation and investing and earning in bitcoin easy because but if one has skills to make decision according to time and those who do panic selling gives loss to bitcoin as result prices goes down more, my suggestion to panic sellers is hold when prices go down bitcoin has ability to recover soon don’t throw your money.

It is all about the needs. When you need money for your day to day life you will have to sell your holdings and it is not too bad but it is not also good for your future, because in the near future you may need more money to overcome your dreams then if you do not have money in your banks or in wallets then you will rub your hands with sorrow.

Holdings needs a little bit financial planning you must compromise with your regular income.

logicgate

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Quote from: Ultegra134 on October 17, 2017, 01:22:35 PM

Quote from: bncbnc on October 15, 2017, 07:24:15 PM

Quote from: Vikingr on October 15, 2017, 05:03:36 PM

Quote from: ?? on ??

Keep calm and HODL mate

Holding is something far better option than that of panic selling. There is no pint of selling your coins at less price which will result in nothing else but huge loss. The one who is going for panic selling is going to lose his very own money with his very own hands. Patience is the only key which can help you in such kind of situation.

Yes holding bitcoin is always is a good decision, through holding habit you can prevent yourself from a big long, In fact when panic selling started in the market we see that there become uncertainty in the market.

It won't always be a good decision, especially if you've bought at $5000 and the price starts falling rapidly from $5400 for instance. It's a great investment for long term holding, but most people panic in fear of losing their funds without thinking that in a few weeks or months, the price could be a lot higher. We've all been in that position.

The worst that can happen to any bitcoin holder should be the selling of his asset at the same price in which he bought it. If the prices have decreased to a big difference, then just forget about bitcoin for someday and do not check the price as it will increase the stress. The investor must trust bitcoin and show patience during the downfall.

okala

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The prices of coins must fluctuate and the corrections always create another opportunities to buy low. I have been trading coins since the beginning of this year and one thing I discovered is that the price always recovery quickly than others trading assets. I have also see that most people that buying high always sell low out of panic and inexperienced, on how this market works. In reality you are to buy low and sell high and once you are doing the opposite you will be selling at lose.

Orsenise

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It's just the dynamic of the market, and the sheeps following the sheeps. The financial market in general is driven by participants psychology and it works in a chain like effect, where one loss follows the other (usually in a downtrend, or vice versa in an uptrend). We've witnessed this already several times, especially after protocol updates or with the recent hard fork, or when China banned crypto's - what happened? Everyone panicked and followed everyone else to the slaughter house. And when the price went to the button people sold, and lost the uptick which came a couple of hours later. In general, try not to trade at all, just buy what you believe in and let it sit there. If it's going to happen it will, if not the entire cryptomarket will collapse - besides that you can't predict the market so it doesn't make sense to sell when things go bad and buy when things go according to plan.

E-shipper

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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...

Well, in principle, the right to say, only who will listen to you, if many people no longer want to trade or want to invest in another coin. You can not stop them all, and it's good for us, the more you leave, reducing the price, gives us a chance to buy a few more coins for the future.

Topic: DON'T DO PANIC SELLING !!! - page 49. (Read 8930 times)