The reason to avoid panic areas and either decide beforehand to take profits and be confident out of the market or just hold even at the bottom price, is because panic creates inaccuracy and wild prices that dont stick. So its very easy to look incorrect in your actions afterwards.
The sharper the gradient the less time was available for confirmation of that price, the volume distributed globally gives less consensus and the price is far less accurate. Its the same for all markets pretty much, this means very likely we retrace these prices before eventually choosing a longer term direction. Its better to decide over time, because thats what the market will do with second takes on support or resistance quite often occuring.
Topic: Guys avoid panic sell... - page 11. (Read 3194 times)
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 this 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.
I am trying but it is really challenging me right now, I have some bitcoins that I am keeping for now but honestly panic selling now and panic selling any other time are totally different. Normally people who panic sell their coins do that because price goes down, right now we are doing it because we may need money. It is the first of this month soon and I think we may really need some money for the bills and for the stuff we may end up buying to our house.
Normally you buy only what you need and nothing extra, nowadays everyone buys stuff that are extra and that ruins our investments because instead of putting money into bitcoin people use it to buy toilet paper. Toilet paper could be just a funny example because for some reason everyone bought excess of that, but in general people are buying excess amount of everything nowadays which causes us to not have decent investments anymore.
Normally you buy only what you need and nothing extra, nowadays everyone buys stuff that are extra and that ruins our investments because instead of putting money into bitcoin people use it to buy toilet paper. Toilet paper could be just a funny example because for some reason everyone bought excess of that, but in general people are buying excess amount of everything nowadays which causes us to not have decent investments anymore.
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...
I agree with you. The crisis that is going on now can force people to sell their assets. Because when people's money needs, than they have no choice. They will sell. However, those who do not need the money now can buy more at this opportunity. At this point it will not be okay to sell panic. There is no guarantee as to how long this condition will last.
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...
Easy to say but really hard to be done specially when you are in need of funds.Of course people will surely sell out their holdings either on traditional investments or here on crypto space yet
the main priority that do have in mind is on how to survive even if they do need to sell out and dont mind if they lost that much since this isnt the priority for now.
Good thing that bitcoin price is still holding up and somewhat stabilize at the moment as situation becoming worst day by day in talks of corona virus.
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.
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.
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 don't think that all people can be patient in times likes this epsecially when they don't have much money for their needs and has responsibilities not only for themselves but also for their family. If the lockdown would continue longer, it is sure that another dip will follow in the standing of Bitcoin as people can't earn money anymore.
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...
The current situation is really hard especially to those who dont have savings. Because of this virus majority of people cant work and its a problem for some of us who are counting on their salary to buy the basic needs of the family. We need cash now so I believe investors who panic sell has no option but to sacrifice their investment to sustain the needs of the family. While others (possibly a weak investors) decided to sell to avoid further losses or afraid the market might crash, well its a normal mindset of people who dont have trust in crypto. 
Indeed, the world are suffering the crisis called coronavirus, it is a pandemic virus that is easily transfer from human to human, that’s why many countries are commanded to be lockdown, and that’s a huge effect on the markets. Those people who are panic selling are those noobs, because they make solutions without knowing the possible results. They think that it is impossible to recover again the market price. Panic selling is a big loss of your assets because you just selling it at a cheap price. The only way to do is to pray on our God that this crisis would end soon, so just keep praying to God that everything will be fine and going back to normal lifestyle.
Now the situation is very critical so health must prevail. We must keep ourselves safe, let us pray to God to receive the good news that the Covid19 pandemic ends. BTCitcoin has great potential and a good future. Although the price of Bitcoin is falling.
The community is waiting for this bad weather to pass in order to continue building its ecosystem.
The community is waiting for this bad weather to pass in order to continue building its ecosystem.
After the storms the sun always comes, buy those who have the opportunity to buy at low prices.
What an UTTERLY STUPID way to talk about investing. A lot of investments go to ZERO, then you are wiped out, done... So NO, NO, NO, the sun does not always comes for an investor
Given the way BitCoin is reacting to its FINANCIAL CRISIS, BitCoin appears it will go closer to zero than its high. BitCoin is below 6000 again now.
The HALVING is already very well known by everyone and already priced into the market, any price increase due to his has already happened.
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...
After the storms the sun always comes, buy those who have the opportunity to buy at low prices. Unfortunately it has always been this way not only now, however as long as the uncertainty of the markets remains and the covid19 does not stop the situation of the cryptocurrencies will always be the same.
Your advise is timely but people who have limited fund for trading and up keep during this trying times will just panic sell off and hope to buy back at a much lower prices which may be a brutal decision because the cryptocurrency market may defy this global crisis and head north.
I don't think that people are actually panic selling right now. I do understand the fact that a lot of countries are affected by the pandemic these days but I don't think because of that they will be selling their bitcoins so easily. The price dumped because of the movement of the scammed bitcoin of Plustoken, and people might be selling but not really panic selling. They might use it to stock essentials for the quarantine.
Your advise is timely but people who have limited fund for trading and up keep during this trying times will just panic sell off and hope to buy back at a much lower prices which may be a brutal decision because the cryptocurrency market may defy this global crisis and head north.
and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices
We are NOT, NOT, NOT in the same conditions as 2016, in which BitCoin rose to the moon in an ECONOMIC BUBBLE.
We are now in a FINANCIAL CRISIS, and BitCoin price has CRASHED in its first test in a financial crisis. I have no idea what BitCoin price will do from here, but the financial crisis will last for many years to come, and you should all be very worried.
To dismiss all selling as " Panic Selling " is utterly stupid and intellectually dishonest. Selling an asset before a price crash is what a SMART INVESTOR does.
Hard Facts
Yeah, selling an asset before a price crash is what the smart investor does, but how would you know? lol Hard Facts
Some of them still hold bitcoin, but if there is an urgent need, now some countries have put in place a lockdown so that the corona virus does not spread and need money so they sell their crypto assets for their needs. But it is not until we panic, everything will end and the price of crypto will return to rise sooner or later.
We do not need to panic with the conditions that currently occur, because we who are here already have a way to how to overcome them, but indeed most of the bitcoin holders will also sell most of their bitcoin to survive, because as we know that in some countries' lockdown is now done so after all they need money to be able to survive until the epidemic of the coronavirus really ends.
the world economy is falling, with lockdown policies in several countries.
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.
CV is not even the reason for the collapse in asset prices today.
see this picture quoted from one of web
look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'
and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.
CV is not even the reason for the collapse in asset prices today.
see this picture quoted from one of web
look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'
and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices
The market price of the coin does not do not really relate to the outbreak today and it is just because of the whales those are the people who have a lot of coins that are holding and there is a lot of analysis and data that the half of the percent of the coins does not circulate for over a year and the whales are one of the biggest contributors into the world of crypto if they want to make a change they can because some of them have the power because they are the biggest contributor on the market still, we are looking forward to the market price of the bitcoin the halving is coming back so there is a chance that the price of the bitcoin will go back to normal and profitable again.
and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices
We are NOT, NOT, NOT in the same conditions as 2016, in which BitCoin rose to the moon in an ECONOMIC BUBBLE.
We are now in a FINANCIAL CRISIS, and BitCoin price has CRASHED in its first test in a financial crisis. I have no idea what BitCoin price will do from here, but the financial crisis will last for many years to come, and you should all be very worried.
To dismiss all selling as " Panic Selling " is utterly stupid and intellectually dishonest. Selling an asset before a price crash is what a SMART INVESTOR does.
Hard Facts
the world economy is falling, with lockdown policies in several countries.
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.
CV is not even the reason for the collapse in asset prices today.
see this picture quoted from one of web
look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'
and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices
but I'm not thinking of selling assets at cheap prices, and maybe I'm not one of the same minded people.
CV is not even the reason for the collapse in asset prices today.
see this picture quoted from one of web
look at that arch, if we pull backwards right now we are in a phase before the price drops, if you remember 4500 USD 'March 2016' is the beginning we find prices rising slowly until they shot at the peak price of 18400 USD 'December 2017'
and now we are in the same phase as March 2016 and I think that phase will be repeated again. and prices will not fall.
so from that don't ever associate CV to asset prices
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