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...
Well said mate, COVID-19 really affects the price of the bitcoin, when this virus is not yet existing, the price of the bitcoin ranger up to 10,000$ but when this virus exists the price of the bitcoin changes so quick, from 10,000$ it turns to the lowest price with 3,900$, to the point that some investors, hodlers, traders sell their coins because of thinking that bitcoin will be dead and because of some investors who pull out their coins and converted it into fiat currency so they will have money to buy some goods to support their lives in the crisis. 
Topic: Guys avoid panic sell... - page 12. (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...
For those people who have no other option, I am pretty sure that they are desperate especially if the daily needs is at stake. Would you rather put yourself in hunger just to save your investment, so they will surely sell their assets if it can help them to cross this crisis and buy back again those assets after this crisis. But if your daily needs is not in pinch then panic selling will not help you as you are only worsening the market situation. Though I see that there are investors out there who know how to play wisely in this type of market, they are selling at a reasonable price and buy more once the market goes down badly.
Anybody who sells now is an idiot, now is the time to buy. Always do the opposite of what the majority do.
The halving is soon, there will be significant price rises over the next 18 months.
The halving is soon, there will be significant price rises over the next 18 months.
100% truth right here
You calling people idiots because they need cash to buy essential items to survive, and not having enough disposable income to gamble on btc? Pathetic.
yeap, panic sell should be avoided, of course is someone is in need for liquid money, they will either sell BTC, or other asset to get that cash, situation is unclear at the moment, it is hard to tell until when this corona crisis is going to last, and more important what will be the consequences of this meltdown that is currently on the stage in stock markets and global economy, we can be certain that another crisis, economic, will follow this health crisis by corona
For sure, having patience is something I always do. It’s good for everyone to be having patience when they buy bitcoin.
You invest and wait, even if things are getting rough, you just have to relax and wait for the right time to come before you can talk about selling your coins. Our own country lockdown is coming on this week, so I have seriously worked hard and bought things that I will be needing once there is a lockdown. My coins are still there in my wallet – I invested before and it has been in my wallet since before the fall in the price of cryptocurrency.
You invest and wait, even if things are getting rough, you just have to relax and wait for the right time to come before you can talk about selling your coins. Our own country lockdown is coming on this week, so I have seriously worked hard and bought things that I will be needing once there is a lockdown. My coins are still there in my wallet – I invested before and it has been in my wallet since before the fall in the price of cryptocurrency.
Nothing needs to be sold as long as we still have money to meet our daily needs during this lockdown because in the end this problem will definitely end and we only need to be patient and keep trying to follow all the regulations that are put in place to avoid the spread of this pandemic. Even many places or shopping centers have been closed for a while and indeed, this is a crisis and paralysis of the global economy but we must also avoid a wider spread so that this pandemic can be quickly destroyed.
Anybody who sells now is an idiot, now is the time to buy. Always do the opposite of what the majority do.
The halving is soon, there will be significant price rises over the next 18 months.
The halving is soon, there will be significant price rises over the next 18 months.
100% truth right here
You calling people idiots because they need cash to buy essential items to survive, and not having enough disposable income to gamble on btc? Pathetic.
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.
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...
Where have you been past couple of weeks. Panic sellers already sold their coin i my guess. And it's not about panic sell it's about survive dude. People need their necessary things to survive during this quarantine. That's why they need fiat money to buy those things cause btc or other crypto don't use as a fiat money in maximum place. So u don't like or not, people want it or not they have to do what need to survive. Crypto currency already gone very deep hope this crisis go away soon and market will recover asap.
In my opinion, there was no panic. Who needed money in order to prepare for quarantine and there was no cash, he sold his cryptocurrency. However, others, after the price of bitcoin fell, began to buy it at a cheap price. So, the growth of Bitcoin purchases is registered in Japan, this is probably happening in other countries, there are simply no official statistics. The next temporary wave of lowering the price of cryptocurrency may be if the quarantine lasts a long time and people run out of cash again. If the quarantine does not last long, then the cryptocurrency market will recover and grow in value.
The panic sell is because people have been laid off work and need money to feed their household you know. That's why so many others are liquidating their assets and mind you not every country is giving its citizens money like what we see in Europe and USA.
NOT ALL selling is due to people needing the money now. There are a lot of people that think BitCoin will crash more as the crisis gets worse, and do not want to lose all their investment.
I know you want to " FEEL GOOD " thinking that all selling is because people are forced to sell, but that is NOT, NOT, NOT reality. A lot of smart people have decided that BitCoin is to risky and not a good investment.
Hard Facts
The panic sell is because people have been laid off work and need money to feed their household you know. That's why so many others are liquidating their assets and mind you not every country is giving its citizens money like what we see in Europe and USA.
It's been affected and those who are in a third world countries where it's hard to survive without any 8 hrs labors investors and holders from such places are surely liquidating their assets and using their fiat to feed their families.It's really a game of survival and most of those small players are not capable of taking longer time frame in holding their investment inside, panics are
being felt and if this virus will continue to infect more places we will expect that the market will experience another hard downfall.
The panic sell is because people have been laid off work and need money to feed their household you know. That's why so many others are liquidating their assets and mind you not every country is giving its citizens money like what we see in Europe and USA.
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...
Sometimes we must be indifferent to respon what other people do, because they will know and feel how the result that will get after they done it. Like this time, I think there will be many people who have been fooled by the price movement of crypto currency. I mean, when they know that the price will come and they sell their asset immidietely even in lose situation they will regret when bitcoin price as an example comeback to recover because now bitcoin price is still high if we compare with the last year price.
They will assume that bitcoin price will crash for a long time like that had happened in 2018-2019 but it never be happened. Bitcoin price just increase after the crash come ans until now.
Thanks for the warning, but I doubt that people will heed your call here because majority are cashing out because they needed fiat to buy important things to survived in this lockdown. So as much as irrational investors are selling at a lost, what can we do? for them it doesn't make sense to hold BTC at a pandemic that we all have been facing.
But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
Hands raised here. But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
I think some people just put almost all of their money in here, that's why they're panicking out right now.
Mine is separated, I have one for my basic needs and Bitcoin for investment as well as buying online items.
I guess some people are emotion over reason, huh?
Anybody who sells now is an idiot, now is the time to buy. Always do the opposite of what the majority do.
The halving is soon, there will be significant price rises over the next 18 months.
The halving is soon, there will be significant price rises over the next 18 months.
100% truth right here
But until now we don't know yet the main reason why the crypto start dumping. Maybe because of the lockdown is one of the reason because people needs money so what they have right now is to sell but I hope not all their assets was sell.
Maybe it is related to crypto, but we don't have any proof yet. I came to the conclusion because they have the same timeline when they both occurs. People really need money just to survive the quarantine and it depends on the people if he really need the money so bad. I know that the opportunity for the bitcoin will be wasted and using it in necessities and cheaper prices will be a huge loss, but don't starve yourself to death because of that mindset during this crisis. Most especially those workers that can't go to work have nothing to feed for their family.
Yes because once this outbreak gone everything will back to normal and I hope the bitcoin and the altcoins starts again increasing but we really don't know sure yet what happens after this. Panic selling is not helping people but if a investors don't have choice to sell their coins because they need money right now because they don't have have work because of the lockdown it's still good if they buy their needs.
But when do you think this Covid-19 virus will end? We don't have any certain predictions when will this pandemic will end, Unless our healthcare worker provides or developed the vaccine immediately. In reality, it will take 1 or 2 years for the vaccine or cure to be discovered or invented and if that's the case, you will just waste your time waiting for so long that you have any idea when will the virus come to an end. That's why as much as possible, spend some of your money for your necessities and still hold some bitcoin. You will not sell all of your bitcoin, you will just use some amount for your own sake.
I hope those people too who do not need money or enough money right now don't sell their coins because of simple holding your coins your helping crypto community to recover and also your money too.
Yes, if they have enough money to sustain theirselves during this outbreak, then it is quite good not to sell their bitcoin. Panic selling is just for an emergency purposes and not as a strategy. Let's help each other and support bitcoin and other cryptocurrency no matter what happens. Be mindful, be wise, and always take care of yourself and your loved ones above all. Prioritize health over anything in this world.
NOT ALL SELLING IS PANIC SELLING....
Selling an asset that is going down is price is SMART, and what any rational investor would do. I have no idea what BitCoin price will do in the next few weeks, but BitCoin grew up in an Economic Bubble, where everything was going straight up.
BitCoin price CRASHED in its first economic crisis, that should worry everyone.
Hard Facts
Selling an asset that is going down is price is SMART, and what any rational investor would do. I have no idea what BitCoin price will do in the next few weeks, but BitCoin grew up in an Economic Bubble, where everything was going straight up.
BitCoin price CRASHED in its first economic crisis, that should worry everyone.
Hard Facts
Have you seen what is happening to crypto now? It's been standing strong with some minor recover and I guess crypto are going positive opposite to the stocks. What's making crypto strong right now are the big investors who consider crypto as a safe haven and a good store of value, so let's keep the faith high and continue to hope that this pandemic will end very soon.
Not only crypto is recovering right now but also some of the global stocks but the crypto's movement is higher than that of the global stocks.The investors who believe that Bitcoin has a future are the ones who bought Bitcoin at the bottom making the price to rise up again. Because of this virus, it has created a massive paranoia to all the investors making the stocks and crypto to go down that hard and one thing more is that they sold it too because they need fiat to buy some supplies.
I believe that this will end in Q2-Q3 of this year but I doubt it will end on that months since until now, there is no cure for this new strain of virus :X.
This is what literally is happening! Personally, I sell some of my crypto to buy goods and to survive this crisis. Here in our country, we are on community quarantine and no one is allowed to go out! all of public transportation are down and people should stay home. I sell some of my investments and buy goods to survive considering that we don't know when it is going to end. We don't need to worry about the price, we should be worried on our health right now.
Hence the crypto, commodities and stocks dump. I said it before - it was pretty predictable (but I found out too late). Next comes the big dump and then the rise of most important assets. And because gold and silver is of absolutely no help during a pandemic, I see Bitcoin finally becoming the Digital Gold. But how widely is it really going to be used? Because I'd rather see a scenario of digital fiat taking the power than Bitcoin - BTC simply won't be let to take it. Jump to: