We have some sort of bottleneck situation that can't be resolved until there are not many people who are willing to sell at the current price. We go up, it gets stuck at a resistance level, people start selling we go down, we go up it gets stuck in re... well you get it, there is really no way out of this until we get rid of all the sellers and unfortunately a lot of them are traders who sell at the top and buy at the bottom so they will never run out of money to sell.
I don't know what we can do, I don't know what the solution is, I just know about the problem and knowing the problem is one half of the deal but having a solution is much much more important. What do you guys think? How can we slow down the traders enough to go beyond $8k before they start selling again?
Topic: Guys avoid panic sell... - page 10. (Read 3194 times)
After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...
Reading posts about the pandemic, I think people would really be forced to sell their Bitcoins.
Not because they wanted it but because they needed it. A lot of countries are affected by this pandemic especially the citizen of these countries. They can't just keep on holding if that person and his family is starving right? What they need right now is fiat to buy things they needed, they need food to sustain themselves for weeks and weeks of quarantine.
I could say that I wasn't in panic selling but I have to sell it now no matter how its cost because I need it.
The market is in trouble and we are affected by this. Holding meant nothing for some of us and most probably they sell it already when the price drop at $4k. It is quite to say that people are now looking for a way to save their lives rather than dying of holding their coins. At these hard times, you can't either think about holding cause it won't save you especially when you have no salary expected to arrive instead, selling it could help.
The market is in trouble and we are affected by this. Holding meant nothing for some of us and most probably they sell it already when the price drop at $4k. It is quite to say that people are now looking for a way to save their lives rather than dying of holding their coins. At these hard times, you can't either think about holding cause it won't save you especially when you have no salary expected to arrive instead, selling it could help.
We can't blame others to sell their bitcoin at its current price nor to stop them either because they have the reason also that makes them decide.
I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
+1. I also have this kind of thoughts on my mind; I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
Some people, they put their savings on Bitcoin, while these days, the coronavirus (covid19) outbreak, some people got no more jobs, lot of businesses got affected and in short, money coming in is extremely affected and for sure, there are some people using or already used their Bitcoins to cash out to fiat and use for their daily lives these days, buy foods and everything that the family needs. They have different reasons for sure.
Actually that happen these days plus the fact that the price of bitcoins is crashing people will get another panic to sell their crypto's for fiat to secure the last money they have for the calamity, And this a huge burden since it really affect all no matter what you stand on the society and lets pray that this disease will end up soon.
Maybe that is the reason why the crypto market has crashing in the few weeks ago. People who don't have a lot of bitcoin sell their bitcoin while they can see a good price to sell, and that push the price to go down and finally, the price still going down. People needs to buy food while they isolate themselves in their home and lucky for people who already sell their bitcoin because they can have money to buy their daily needs. That makes other people who don't worry with their money become panic when they see the price is going down so they follow to sell their bitcoin.
We can't blame others to sell their bitcoin at its current price nor to stop them either because they have the reason also that makes them decide.
I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
+1. I also have this kind of thoughts on my mind; I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
Some people, they put their savings on Bitcoin, while these days, the coronavirus (covid19) outbreak, some people got no more jobs, lot of businesses got affected and in short, money coming in is extremely affected and for sure, there are some people using or already used their Bitcoins to cash out to fiat and use for their daily lives these days, buy foods and everything that the family needs. They have different reasons for sure.
Actually that happen these days plus the fact that the price of bitcoins is crashing people will get another panic to sell their crypto's for fiat to secure the last money they have for the calamity, And this a huge burden since it really affect all no matter what you stand on the society and lets pray that this disease will end up soon.
We can't blame others to sell their bitcoin at its current price nor to stop them either because they have the reason also that makes them decide.
I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
+1. I also have this kind of thoughts on my mind; I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
Some people, they put their savings on Bitcoin, while these days, the coronavirus (covid19) outbreak, some people got no more jobs, lot of businesses got affected and in short, money coming in is extremely affected and for sure, there are some people using or already used their Bitcoins to cash out to fiat and use for their daily lives these days, buy foods and everything that the family needs. They have different reasons for sure.
We can't blame others to sell their bitcoin at its current price nor to stop them either because they have the reason also that makes them decide.
I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
I know they don't want to do it, it was a sacrifice for them but they don't have another option than selling to save them from being out of resources during this time as quarantine and lockdown has implemented.
I feel this one cause it is really hard when you are at limited resources. It can't be a panic selling (as most people think about) but this is just a saving life in order to sustain for a long time out from the job.
This kind of effect mentioned above is not new, its acknowledged that deleveraging is part of the economic effect and cycle that every country goes through. The difference for Bitcoin is that its global not centralised in any one country, language or religion bias in some way. That multi faceted approach and an unbiased outlook set schedule should be a known quality and strength of some kind.
The Federal reserves is desperate to avoid this contraction and natural opposite that results in selling and lower prices generally, they have built a system of large amounts of debts that cannot continue in a deflation enviroment rather then the now normal inflation yearly loss in currency we are used to. Its very likely they continue that policy until its completely unable to do anything at all, until the gear loses all its cogs. I imagine we do not see deflation just yet because it probably also means dollars are replaced by another standard perhaps IMF governed.
The Federal reserves is desperate to avoid this contraction and natural opposite that results in selling and lower prices generally, they have built a system of large amounts of debts that cannot continue in a deflation enviroment rather then the now normal inflation yearly loss in currency we are used to. Its very likely they continue that policy until its completely unable to do anything at all, until the gear loses all its cogs. I imagine we do not see deflation just yet because it probably also means dollars are replaced by another standard perhaps IMF governed.
Trust me there has been numerous warnings shared on this forum requesting people to avoid panic selling but some will just ignore and do it and some of then cannot control emotions when they see the value of crypto falling beyond the limit. We need to learn from the past as panic selling has always been disastrous decision for ourself as well as the community.
The most important thing is about self-awareness and have a consideration on the investments that have been made, because when we already have awareness and good consideration then when there is a big decline at least we will be able to control ourselves so that panic selling will be easily avoided. When the market turns red we should get out immediately and let that phase pass without you having to worry, staying in the market when it turns red will basically make you panic selling or even buy more and it all depends on your own mentality about skills and knowledge which is owned. Personally I agree with OP.
The way the situation with the economy develops, crypto might as well become the go-to payment method in this or the coming year.
The way the situation with the economy develops, crypto might as well become the go-to payment method in this or the coming year.
I guess it's too early for that. There are still a lot of convenient method of paying such as debit and credit cards, and other cashless transactions. Bitcoin still needs to develop the speed of transaction process. It still needs to develop an instant transfer (more than the Lightning network) regardless of how big or small the amount is. Same goes to other cryptocurrency, which also needs more adaption.
Nevertheless, Bitcoin will become one of the convenient paying method in the near future.
Also, one other reason people are still considering is the transaction fee involved aside from the speed of transaction. If lightning network will penetrate the mainstream, that would be great. I don't understand why up until now, LN is not gaining attraction to merchants. the tx is very minimal as compared to regular bitcoin transaction. I hope LN will find its way in the market and gain more adoption because of its edge in tx fee and speed.
Personally I agree with OP.
The way the situation with the economy develops, crypto might as well become the go-to payment method in this or the coming year.
The way the situation with the economy develops, crypto might as well become the go-to payment method in this or the coming year.
I guess it's too early for that. There are still a lot of convenient method of paying such as debit and credit cards, and other cashless transactions. Bitcoin still needs to develop the speed of transaction process. It still needs to develop an instant transfer (more than the Lightning network) regardless of how big or small the amount is. Same goes to other cryptocurrency, which also needs more adaption.
Nevertheless, Bitcoin will become one of the convenient paying method in the near future.
Maybe we still need to learn to stay calm by controlling ourselves related to the market conditions.
NOT ALL SELLING IS PANIC SELLING
Agree to this one which not all selling is a panic sell yet we havent consider to those who do just sell where they do only need some funds for the current situation.
Holders will really treat these kind of situation or instances to be a big challenge in terms of their beliefs towards crypto.It isnt actually easy to resist emotional
aspect specially on dealing with volatility.
You cant really avoid not to think on selling all and would switch up into markets that do give out possible opportunity that it can give but well we do know on
what are the opportunities that we can benefit out in crypto space.
Trust me there has been numerous warnings shared on this forum requesting people to avoid panic selling but some will just ignore and do it and some of then cannot control emotions when they see the value of crypto falling beyond the limit. We need to learn from the past as panic selling has always been disastrous decision for ourself as well as the community.
Maybe we still need to learn to stay calm by controlling ourselves related to the market conditions.
NOT ALL SELLING IS PANIC SELLING
Many Investors rationally look at the current environment, and how BitCoin has crashed in its first financial crisis and not like what they see, and sell. People decide to get out of investments based facts and potential Risk VS Reward, and make a VERY RATIONAL decision to sell.
Those that dismiss the huge selling of BitCoin as " Panic Selling " are fools that want to make themselves feel good...
Hard Facts
Thank you very much, not all selling are panic selling, won't people sell again? You use money for what it is needed for , what is the essence of the little you have at hand that can solve an instant problem and is kept till the problem is bigger than what the large can solve. Is it not better to withdraw the little token to stay safe at home and take care of you family than to keep them in hunger because you are looking into the future? Please do the needful
Maybe we still need to learn to stay calm by controlling ourselves related to the market conditions.
NOT ALL SELLING IS PANIC SELLING
Many Investors rationally look at the current environment, and how BitCoin has crashed in its first financial crisis and not like what they see, and sell. People decide to get out of investments based facts and potential Risk VS Reward, and make a VERY RATIONAL decision to sell.
Those that dismiss the huge selling of BitCoin as " Panic Selling " are fools that want to make themselves feel good...
Hard Facts
After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...
HODLERS will keep their currencies as long as they are not triggered by the economic crisis but today?i guess this is the time that Hodlers need to sell their holdings for a while and may try again to accumulate after this pandemic crisis that bringing Burden to the whole community now only here in crypto but also in stocks and Oil companies.for the very first time in our history Virus infected the world like this things that never happen before so bear with this and just understand the need of money than cryptos.
If they hit badly by economic crisis happening then best to sell their balance off to save theirselves from the burden brought by the disease but it they have enough money to spend for more longer months then best to save it and don't sell at losy since there still high chances for a pump since we will positively see a price pump since halving still on his way to take effect in future.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I think even if we always remind people not to panic, there still people who will panic if the market is down deeper because they don't expect to see that downtrend moment happen. It is difficult not to panic, especially if we are not preparing for anything that will happen later, and not all people can do that. Maybe we still need to learn to stay calm by controlling ourselves related to the market conditions. Sometimes, we forget that the market can move to any price, and that can make us panic.
Nobody is panic selling.
People have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.
People have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.
The above statement is a SPECIAL KIND OF STUPID
The statement that " Nobody is panic selling " shows that this idiot is not even connected to reality... It is a HUGE market out there, a lot of people are selling to pay bills, food, etc. There are obviously many that are also very rightfully about BitCoins price crash due to the economic crisis, and panic selling before it crashes again.
Hard Facts
After this corona deadliest disease the governments in most of the countries has announced lockdown and this has caused a stir among people's because they can't go out of home, So people are selling their asset for cheap prices. Guys this will surely impact the price of crypto and the dip will continue if it goes like this, do not panic sell have patience and just wait till the market recovers...
HODLERS will keep their currencies as long as they are not triggered by the economic crisis but today?i guess this is the time that Hodlers need to sell their holdings for a while and may try again to accumulate after this pandemic crisis that bringing Burden to the whole community now only here in crypto but also in stocks and Oil companies.for the very first time in our history Virus infected the world like this things that never happen before so bear with this and just understand the need of money than cryptos.
Nobody is panic selling.
People have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.
The hodler cult innercircle will never understand it, because they bought bitcoin at two digits. Its easy to hold that way.
Daily needs such as food are really needed for now, especially in the midst of this disaster, many countries choose lockdown, and of course this is makes the economy decline, and the impact is panic selling, I am not surprised by it at this time, and it is natural for market conditions like thisPeople have to eat, and to stock food. We dont know what TPTB are up to, with this global lockdown happening.
The hodler cult innercircle will never understand it, because they bought bitcoin at two digits. Its easy to hold that way.
Jump to: