Guys avoid panic sell... | Bitcointalksearch.org

kentrolla

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We haven't seen the panic so great during the first pandemic, the bull market has returned and stabilized. The second wave now probably doesn't have a big impact, people are wiser, so panic won't happen.

I guess there will be some twist and tale tomorrow I mean on the American election result day, crypto price may fluctuate if Trump lose this election. If people start panic then probably the price may vary according to my prediction, because US market plays a major role in crypto sphere still it's just a prediction.

3meek

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We haven't seen the panic so great during the first pandemic, the bull market has returned and stabilized. The second wave now probably doesn't have a big impact, people are wiser, so panic won't happen.

Panic may happen after the US presidential election... Well, the beginning of lockdowns in Europe may also be the beginning of panic in the markets... In fact, panic can be created in a matter of minutes, and all markets can become bloody! Wink

AjithBtc

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Quote from: HardFacts on October 27, 2020, 05:45:56 PM

Quote from: romero121 on October 26, 2020, 03:13:41 PM

Now too there is more chance of panic selling as the price has slowly gone above $13k.

YES, BitCorn has gone up a huge amount !!!!

I would not be " Panic Selling ", but I sure would be wondering if it is time to take profits now that BitCorn is so high.

Will it go higher, or crash down with the Stock market. BitCorn has been following the stock market pretty well this year Shocked

Bitcoin/Bitcorn isn't following the stock market. If the stock market is followed now the price could've been around or less than $10k. The stocks haven't completely out of the crash due to the pandemic. Only stocks that peaked high during the pandemic were the oil and telecom. The stocks were to follow the growth pattern of bitcoin then onwards Cheesy

HardFacts

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Quote from: carlfebz2 on October 27, 2020, 06:14:32 PM

What in the world, Bitcorn is?

Everyone should be stocking up on Digital Crypto Food as well as Digital Crypto Money Grin

Hard Facts

Clark05

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During the pandemic people are calm because the price of the bitcoin is not decreasing and Im very happy with that.
Because for sure if they panic selling during the pandemic because they need money for sure the result of that is dumping of the crypto market. Panic selling will always bad result for us we are the one who suffer to this because we do not earn money and the worst part of that we lost some of our funds.

carlfebz2

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Quote from: HardFacts on October 27, 2020, 05:45:56 PM

Quote from: romero121 on October 26, 2020, 03:13:41 PM

Now too there is more chance of panic selling as the price has slowly gone above $13k.

YES, BitCorn has gone up a huge amount !!!!

I would not be " Panic Selling ", but I sure would be wondering if it is time to take profits now that BitCorn is so high.

Will it go higher, or crash down with the Stock market. BitCorn has been following the stock market pretty well this year Shocked

Seems like you are lost mate. Cheesy

What in the world, Bitcorn is?

Back in topic, panic selling? We would most like see these events when price tends to go back in 10k price from 13k level.

HardFacts

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Quote from: romero121 on October 26, 2020, 03:13:41 PM

Now too there is more chance of panic selling as the price has slowly gone above $13k.

YES, BitCorn has gone up a huge amount !!!!

I would not be " Panic Selling ", but I sure would be wondering if it is time to take profits now that BitCorn is so high.

Will it go higher, or crash down with the Stock market. BitCorn has been following the stock market pretty well this year Shocked

romero121

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Most of the guys who suffered during the pandemic was the poor, and not the rich. Once cryptocurrency served to be the investment asset for poor and the middle class people. Later scenario changed, as the market value of bitcoin started to grow. This is where the pandemic buying and selling began making opportunity for the whales to benefit and manipulate the market.

Op has termed not to sell during the pandemic. Now we have crossed months and now almost 80% of the things have begun to function normally. Now too there is more chance of panic selling as the price has slowly gone above $13k.

kapalmabur

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panic selling can sometimes help us make decisions, it is true, avoiding panic selling is also important to maintain emotions when trading,
but if you fight the trend and don't follow panic selling then you will lose your money and maybe you will hold the altcoin for a long time. ,
and make sure you follow panic sell at the right time and maybe its better dont avoid!

3meek

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Because of panic, the rich become even richer! By the way, it is the whales and big players make panic and force people to sell their assets... This is called redistribution! Then they sell their stocks/coins/tokens at higher prices... Then the cycle repeats! Wink

Vishnu.Reang

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Quote from: gantez on October 15, 2020, 05:38:46 PM

Quote from: bryant.coleman on October 07, 2020, 10:53:36 PM

I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.

I don't also like hodling coins for that long. You can hodl it for years while a trader on same coin can have 10 times profit on the trade you hodling the coin. In the cryptocurrency , the traders have more profit, this is not panic sell but good business sense.

It depends on the coin. Some of the cryptocurrencies are not suitable for long-term holding. You need to get rid of them, when the opportunity comes. On the other hand, there can be some coins which are having very good future potential. They may give you 100x or 200x returns in the distant future. If you dump them for small profit, then you may regret your decision after a few years.

sayaya17

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COVID-19 - weakens economies almost all over the world. Similarly, the crypto market is affected by Covid 19. But it turned out it didn’t last long. Positive confidence in bitcoin makes the market recover and the rise in the price of bitcoin is quite good because. Demand is quite increasing at the moment. Bitcoin is up 1.09% in the last 24 hours.

gabbie2010

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Quote from: bitzizzix on October 08, 2020, 10:58:00 AM

Quote from: ?? on ??

Quote from: bryant.coleman on October 07, 2020, 10:53:36 PM

I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.

Based on the plan and the goals each one will have a different point of time where they will be selling git. Just only thing is that if someone does not require money and just because markets are slightly falling, they sell it becomes the crowd of the panic selling. Instead if have money and a firm believer that it will rise and going to see a new high then better to buy than selling it. Only in case of money requirement we can sell it.

My personal reason for being here is to help or solve my financial problems, so if I really need it and there is no other choice there is no harm in selling the coins I have.
and most importantly, only selling as necessary to solve financial problems and not selling completely, so it all depends on the individual's finances and not the problem of rising or falling markets due to circumstances that compel selling them.

When a hodler is pushed to the wall without any alternative means of survival the last option is to panic sell this scenario of selling is absolutely unavoidable however if there is fewer panic seller in the market the dumping that foloow-suit wouldn't have any huge impact on the price of the coin.
Despite the fact that this pandemic is ravaging the world at the moment there isn't any panic selling again after the first dumped in price in March, while the prices of cryptos rallied up now.

gantez

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Quote from: bryant.coleman on October 07, 2020, 10:53:36 PM

I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.

I don't also like hodling coins for that long. You can hodl it for years while a trader on same coin can have 10 times profit on the trade you hodling the coin. In the cryptocurrency , the traders have more profit, this is not panic sell but good business sense.

Smitty Werben Man Jensen

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We don't need to avoid panic selling, what we have to avoid is not keeping our emotional condition when trading,
panic selling can be done with a note of bearish market conditions, like when the pandemic was announced,
of course if you follow people to sell at $ 9000 in February , then you can get $ 4000 in March

elisabetheva

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Quote from: boyptc on October 09, 2020, 09:43:32 PM

Quote from: Zemomtum on October 08, 2020, 06:53:53 PM

Among the thing that makes a good trader is the ability to have patient and not FOMO in and out thereby buying high and selling low.

And those were patient and kept it are now looking to $11,400.

This is surprises and excites me although this isn't new, anyone who has the idea what's with the surge recently?

bitcoin has gone up a few times, bouncing past $ 12K, but eventually dropping to its already subscribed $ 9K- $ 10K figure. This incident is very beneficial if someone is indeed pursuing short-term investment, then he will make several profits. Until now, I believe that with time there is still a possibility that this incident will happen again.

now it remains how one can refrain from panicking when going down and not lusting when going up, being able to organize himself so that what will be done is right on target. because short-term investments can still happen again.

boyptc

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Quote from: Zemomtum on October 08, 2020, 06:53:53 PM

Among the thing that makes a good trader is the ability to have patient and not FOMO in and out thereby buying high and selling low.

And those were patient and kept it are now looking to $11,400.

This is surprises and excites me although this isn't new, anyone who has the idea what's with the surge recently?

Fredomago

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Quote from: bryant.coleman on October 07, 2020, 10:53:36 PM

I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.

With the same case, there's also some emergencies that we needed to consider, people who suffered with big losses are those who are not prepared with market conditions.

And like what you have said, panic sells with profits is better you just need to have a good concrete plans to book your benefits.

Quote from: Zemomtum on October 08, 2020, 06:53:53 PM

Among the thing that makes a good trader is the ability to have patient and not FOMO in and out thereby buying high and selling low.

Skills that needed to be developed along the way to prevent losing your investments,.

LUCKMCFLY

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One of the greatest strategies of the whales is to cause panic in people and those weak hands make them sell, the covid-19 was a fundamental that affected the emotions even in the Strong Hands themselves, not only for Bitcoin, but also for speculative markets of gold, forex and others.

The recovery of the markets was evidenced in bitcoin, many have seen in their countries the ravages of the pandemic, unemployment, needs, food panic, and this is still in force, I think that bitcoin has recovered and will continue to recover more and more.

Marina5

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Quote from: bryant.coleman on October 07, 2020, 10:53:36 PM

I am absolutely against panic selling. But at the same time, we can't hold on to all of our savings for an infinite period of time. At some point, you need to sell at least a part of your savings, in order to book profits. What we need to do is to come up with a detailed plan, on how much of the holdings should be allotted for long-term storage, and how much of it should be allotted for profit booking.

A part of capital is okay for selling but it is not a wiser decision to sell all the amount at the dip price. I personally against panic sell strongly. We should wait some more time to sell our valuable asset.

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