DON'T DO PANIC SELLING !!! - page 56.

Xester

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Activity: 994

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Quote from: btc-facebook on October 11, 2017, 12:34:34 PM

When I've reach my target, I sold for profit and I keep the rest , hold it as long as possible no matter what will happen
Seeing bitcoin keep increasing every year is a prove that bitcoin will stay strong for next few years ahead

Well that what would I do. But since I never reached yet my target, I will just keep my bitcoin. In times I need to withdraw some of it, I will withdraw them. I will never do panic selling again. That is the worst thing I ever did with my bitcoin before.

Forhadm

full member

Activity: 434

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If people are not dumping there BTC just trying to play with the exchange rate,if you sell your bitcoin now for any rate you may buy this later for a good rate then again if the price will go down to this level,then they will make some easy a lot of almost nothing and I don't panic in selling btc.

aoihs00

sr. member

Activity: 700

Merit: 300

Such nice attempt to convince others. Cheesy

It's good and really people shouldn't be worried about the prices now because if they start panicking then it could create the chaos situation again. If the chain of selling starts then it starts dam crazy and people go all crazy about it. Hope so this time prices surges all through 5K and then hit the bottom rock of 6K. That's now seemingly possible I believe as long as people keep it tight investment.

btc-facebook

legendary

Activity: 1862

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When I've reach my target, I sold for profit and I keep the rest , hold it as long as possible no matter what will happen
Seeing bitcoin keep increasing every year is a prove that bitcoin will stay strong for next few years ahead

mistanama

sr. member

Activity: 327

Merit: 250

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, do not panic selling because the price of bitcoins is likely to decline when people are selling. So we should have the cooperation to increase bitcoins. But it has a small chansa because many people day by day need the bitcoins. So its price is flactuating

andylowe

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Activity: 293

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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...

I agree with you mate! We should not do Panic selling instead pump more bitcoins for the future. If the demand is high, the price will rise up too. So if people keep on dumping bitcoins due to panic selling, the demand goes low and so is the price. Just hold and use it well!

bitbunnny

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There are no reasons for panic selling now, the price is looking good. But in periods when the price starts to dump it's very hard to convince some users, epecialy those with lack of experience, not to sell and to accept the volatility as normal process. But I guess that comes with experience on the Bitcoin market and controll of emotions.
Some people just can't understand that Bitcoin price can't rise forever.

notyours

sr. member

Activity: 462

Merit: 250

This is the hardest thing to do because almost everybody wants to make money. So they will sell that when their bitcoins have grown. But we can not avoid it because when one sells and others see that the price of bitcoins is falling, it definitely follows the sale order so they can save the amount of their bitcoins. And buy again when bitcoins crash

Mometaskers

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Quote from: HeRetiK on October 11, 2017, 03:05:58 AM

Looking at the chart it doesn't seem like anyone was panic selling. The market is fairly resilient right now. The critical point will be whether we manage to break through USD 5k,- -- once we manage that a huge psychological barrier will be torn down. Even if the next attack on USD 5k,- fails I don't see the market dipping any time soon either. Maybe some sideways action, at worst.

I only got in here for the profit, you think it would suffer a crash before the end of the year? I've noticed recently that my subs on YT are talking about bitcoins more often and they keep saying that the "infighting" could ruin it. Well I suppose that wouldn't be enough to stop people who want to come in for a quick profit.

xSkylarx

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Activity: 2352

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Guess we couldn't really make other people calm when their is a new's about it,
Even if it's just a hoax there are some people that would panic since their money is involve in it.

pauloaragaomelo

sr. member

Activity: 546

Merit: 250

If you are sure, you will never panic. bitcoin several times up and down. but in the end bitcoin back to rising, even now it's almost reached the highest price.
so you have to be sure and have a target. If not, you will be easy to panic because it has no purpose

Sasuke102001

full member

Activity: 280

Merit: 111

Until now people should know that even if Bitcoin values go down they will again go up in a short period of time. I have still seen many people who start panicking and start selling their bitcoins as the prices go down. Even I don't panic sell during the prices are low I just wait till the prices go up again and only then I would use my Bitcoins fir buying something.

Ararbermas

sr. member

Activity: 1988

Merit: 283

Quote from: Somz1 on October 11, 2017, 04:00:49 AM

No worries, btc price will always recover and go beyond

Yes that's right its always recover even it's always keep crashing. Cause this scenario always happen even before. But it will not continue to fall it will climb again as the predictions of community on this year end. Lets just wait or hold instead of eagerly sell

danherbias07

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Holders wont do it but they will be pushed to the edge if someone is creating a FUD to making them panic.
It is natural with the new ones and they might be trying the buy and sell method.
There will always be a panic if ever a price drop come.

Idrisu

sr. member

Activity: 924

Merit: 260

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...

This is what many traders does not understand that price must make correlation time to time because of trading activities. When price is going up or when we are witnessing upwards trend many days traders will like to take profits and that will couse the price to fell a little further and that most times create panic and amateur traders will sell at lose. When bitcoin went down last month to around $3,000 last month many people sell they coins at lose price but now bitcoin is above $4800.

angelina77

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Quote from: haroldtee on October 11, 2017, 06:17:12 AM

Quote from: FrueGreads on October 11, 2017, 05:33:54 AM

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 don't think it was a panic sell. It was probably related to the Russia ban. On these situations I think I understand the sell of bitcoins. They are probably just clearing their account, to invest in other exchanges. Of course that they could probably just withdraw to a wallet and then deposit in another exchange, but there are still many investors that don't use bitcoin wallets, and just buy and sell them in exchanges. Maybe that's what happened, because after that small crash, bitcoin just went up again to the same level.

Russian ban is really not making any difference to the market as far as I am concerned. No huge dump is going on and the price is still going on steady as we had it yesterday and apparently most people have learnt their lessons from the china dump. The truth is that no country can just wake up one day, utter a statement and think the life of bitcoin depends on it. No way! We are past that already. Putin might just want to try to pull another china stunts, but shame on him.

Russia does not affect the crypto currency market. The price fluctuates because of the coming split. Players sell alternative coins and go to bitcoin. This is due to the free distribution of Bitcoin Gold

yugyug

sr. member

Activity: 616

Merit: 256

Been there done that, now when you feel that the bitcoin price is dipping down below 4600 USD, then don't panic it is normal. There are waves and oscillation pattern in every trading, and most of all this is what we called a market correction. So expect a price correction of between 4500 to 4600 USD. This will delay the momentum of bitcoin skyrocket price upto 5000 USD this year, that's another trading tactics by whales. The best advise is just hold it, forget about FUD, forget about FORK, forget about segwit2x, bitcoin will always win. As Mr. Warren Bufett said, be greedy when others are fearful, so now is the time to be greedy.

Sled

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Indeed, for the other bitcoin investors and the other bitcoin holders, they should not do panic selling because that is the worst move or action that they can do because it will only result for losses and missing the opportunity in gaining profit in long term. Panic selling is not good always and it should not be tolerate or be repeated again if you done it once because it is like showing that you are not a good investor or holder.

nl247

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Quote from: markdario112616 on October 11, 2017, 03:37:09 AM

Panic selling is uncontrollable especially if a player doesn't have enough money to risk with. In my opinion since I've been engage in the stock market for almost 3 years, without proper knowledge on he industry and lack of resources most of the people I've known ended up dealing a of lost opportunity as they sold their stocks/shares without having any supporting facts to alligned with their decision. As for Bitcoin as the price got higher than this past weeks it is really a quiet a development despite of lot attacks through media to put a bad image on th industry itself. At this point there's no reason for us to sell are coins as you base on the progress that it made this week.

That is just where the problem lies and that is the same thing that applies to the world of crypto and not just stocks. Most people don’t equip themselves with information, most especially in their investment portfolio and end up making wrong decisions as a result of that which to me is bad. Investments are not meant to come easy without at least doing some assignments and due diligence regularly so as to help inform your decisions.

Sadlife

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Typically those who do panic selling are those newbie to the world of currency and doesn't know anything about the up and downs of the market they expect bitcoin to go an upward streak. They dont understand that in every resources sometimes the price will go down it is the same for dollar, oil and gold. The question is do you panic when bitcoin is in the dip or use it as a chance to buy more.

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