Guys avoid panic sell... - page 13. | Bitcointalksearch.org

Yatsan

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Quote from: fiulpro on March 28, 2020, 03:08:50 AM

I am really not sure if you understand some people are selling to buy food for their families , because of lockdown the not so fortunate group are being provided with nothing but problems from the government .
It is better to sell rather than starve for sure , so if there is someone out there thinking they need money for themselves or their families I do this the right thing to do is to sell and first take care of themselves then worry about the price of cryptocurrencies.

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.

fiulpro

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I am really not sure if you understand some people are selling to buy food for their families , because of lockdown the not so fortunate group are being provided with nothing but problems from the government .
It is better to sell rather than starve for sure , so if there is someone out there thinking they need money for themselves or their families I do this the right thing to do is to sell and first take care of themselves then worry about the price of cryptocurrencies.

imstillthebest

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not sure if your talking about crypto panic or the actual panic outside crypto because you mention money and by that i realized your talking onto cryptos too .

your right its thier money so we have no rights to stop them but its not bad to warn them or atleast give some advice because that can make a change and other people can agree on what you have said . now when it comes to the real life outside panicking is really bad and should be forcefully stop as this makes the virus infection became worst .

KrisAlex18

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One of the reason why they panic selling is because they are afraid to be hungry while crisis is still existing in our country, so they sell their coins into the lower prices so they can have a money to sustain for their lives, they use it to purchase some goods and stuffs so they have foods to eat while they are at home.

But panic selling is not a good option for me, you don't earn money from doing that things, you will lose your money if you sell it into the lower price, so for me the very advisable thing that you may do as of now, it just to hold your money or make some investments while the price of bitcoin is low because if the market recovers, you will make money from that.

yazher

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You can always see people panicking with this kind of scenario like we currently facing in the world. Panicking leads to doubtful result but sometimes it is a good thing to do. as you can see on the internet, grocery stores are running out of supplies because of the hoders and there are no rules implemented yet. that's why those who have a lot of money can grab as much he wants and as many foods he likes. Later on, when you want to convert your coins into fiat, you will have nothing to buy anymore.

Asuspawer09

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Quote from: mahilchii on March 27, 2020, 02:40:53 AM

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...

Since it was already pandemic mosts of the investors are obviously going to end up selling their assets or investments in the end.

The Virus was not really deadly comparing to the other pandemic diseases in the past but the virus could spread very fast around the globe. We cannot really we cannot blame them if they are going to sell their assets if they really needed the money since it is all about survival already for most of the countries that are affected like Italy. All your investments will be useless anyway if you are already dead.

Source:
https://www.nbcnews.com/health/health-news/coronavirus-diseases-comparing-covid-19-sars-mers-numbers-n1150

Anyway selling of their assets would totally affect the market price of bitcoin in the market but in my opinion, the bitcoin still has a high demand so it would recover easily since there are still a lot of investors that are waiting for the market price to go dump in the market.

Maestro75

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Quote from: mahilchii on March 27, 2020, 02:40:53 AM

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 proposed or expected downward crash of Bitcoin and other cryptocurrencies is not going to continue forever. We still have expectations of good news from bitcoin halving the community and investors are looking at. This will somehow keep price from crashing further. On the advice for people not to sell off, it will not be adhered to. People sell for different reasons.

pankaj1234

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Every time Cryptocurrencies has seen when they go down People start selling in panic but crypto has always recovered.
If anybody not panic in crypto always has the profit but not the case. You should hold your Cryptocurrencies till you get profit.
Bitcoin has now recovering very well as other Cryptocurrencies.
So please be patient not sell Cryptocurrencies in panic. Lets see how market goes. Enjoy this market and get some from this.

camito

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Quote from: mahilchii on March 27, 2020, 02:40:53 AM

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 think this is applicable for those who are patient in waiting for the rise again. However, for those who need actual money (the more essential and accepted by small business owners) to be able to survive for a day, doesn't listen to this. I think we all have our own solution and countermeasure we think is best so the most important things here is to be smart on deciding whether to sell or hold depending on the current situation we are in and some other factors around that user.

Farma

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many people suggest this, it's just that people's panic is sometimes greater, moreover, we don't know how long the lockdown will occur. Well, we all desire that crypto holders or other shares don't panic, but when the lockdown occurs, people who don't have so much cash will get their assets out of the internet or from other investment sites to stock up on food. for now, I think the effect of panic sell is rather normal because we can see that the price of bitcoin is stable in the range of $ 6k.

btc78

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Quote from: mahilchii on March 27, 2020, 02:40:53 AM

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...

This is a Pandemic mate and people now are looking for Funds to make them stay not in starvation so believe me even if they don't want to cash out?
they have no option but to do so.

just like 2 of my friends whos Long Time Hodlers for years now but they cannot Hinder themselves from withdrawing now because they have no Work from home and they want to be assured of having Food in the table so they need nothing to do but to Full out so this is a case to case basis and i am sure even you will do the same if leaves no option.

BuNga_cute

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This is what I fear, many people who sell cheap bitcoin they owned. If this continues to be dangerous for the future of bitcoin, I understand
the impact of the corona virus which made some countries do lockdowns made many bitcoin holders panic and sell bitcoin it has. I am sure
there must be another way that does not need to sell the bitcoin that we have or other assets. What we need to do is think calmly, and don't
panic or make hasty decisions. Because in my opinion not the best decision to face this crisis with sell cheap bitcoin that we have.

pixie85

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Quote from: pakhitheboss on March 27, 2020, 06:16:33 PM

This not a normal situation, everyday 1000 of people are losing their lives. News media is constantly reminding everyone about the miserable situation they are into. People will panic, you cannot stop it.

Then again you, me and most of us here are in lockdown that is another reason for everyone going crazy.

You can only advise everyone not panic but no one is interested in your advise. It is their money and they know what is good for them. Surely when things become normal they might realise their mistake.

So what?

Quote

Every sixth death in the world is due to cancer, making it the second leading cause of death (second only to cardiovascular diseases).1 In 2017, 9.6 million people are estimated to have died from the various forms of cancer.

1000 per day makes it only 360 000 a year compared to millions that die from cancer and millions that die in car accidents every year. I don't see anybody making a big deal out of car or cancer deaths but it takes just a few people to die from a new form of virus and there's suddenly a worldwide panic and everything gets shut down.

pakhitheboss

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This not a normal situation, everyday 1000 of people are losing their lives. News media is constantly reminding everyone about the miserable situation they are into. People will panic, you cannot stop it.

Then again you, me and most of us here are in lockdown that is another reason for everyone going crazy.

You can only advise everyone not panic but no one is interested in your advise. It is their money and they know what is good for them. Surely when things become normal they might realise their mistake.

pixie85

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Quote from: mahilchii on March 27, 2020, 02:40:53 AM

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...

If you think that it will continue then sell and buy more later. This is the basic instinct of an investor. If you believe that something will happen take advantage of that knowledge.

I don't sell Bitcoin because I prefer to keep it safe in cold storage. Safety is my main concern and I trade only coins that I don't believe in but if some of you hold coins on exchanges why not trade them?

finaleshot2016

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Agree, guys who always panic sell are the ones who always lose. Panic sell is similar to short term investment, probably you won't gain high profit with that. After the outbreak of COVID-19, the market will be stable and back at its original peak since 2020 is the year bitcoin halving and definitely it will grow more.

Quote from: ?? on ??

Quote from: seoincorporation on March 27, 2020, 05:08:19 PM

True, the global economy is madness nowadays, those ones who really know how to hold in crisis time will have the future in their hands. So, is a bad time to sell now, let's wait at least until the halving to see if things gets better. Long life for the holders!

One of the good things we need to do right now is waiting for the halving because many people see the cause of the market downfall is the virus spreading rapidly but also they cannot see the potential of the halving because from the previous year the price of the bitcoin too rapidly falls down. Like the price today still we are looking forward to it.

I'm waiting for halving also, panic sellers will regret that they sell it early at a low price.

seoincorporation

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True, the global economy is madness nowadays, those ones who really know how to hold in crisis time will have the future in their hands. So, is a bad time to sell now, let's wait at least until the halving to see if things gets better. Long life for the holders!

gundala

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Quote from: mahilchii on March 27, 2020, 02:40:53 AM

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...

You should not impose such a principle, everyone has different needs and wallets. There are people who immediately sell their assets because that is the only way he/she can do to fulfill life in the midst of this crisis. Don't worry about falling prices, because it's normal and will recover if conditions are conducive. So now the most important thing is to choose which one should be prioritized, of course, life and health needs, right? investment and profit can be sought again, now the most important thing is to maintain health.

ZeeeN

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Quote from: bithisach on March 27, 2020, 03:53:35 PM

Quote from: ?? on ??

With this virus in the way and everyone is trying to stock up with necessary supplies to keep us off meeting other people to reduce exposure & with this social distancing we need every coin we can get our hands on to buy the necessities because we don't know how long this will go on for...your health must come first not your BTc holding. Though OPs advice will be taken when this go back to normal.

You know what I did? I decided to buy at $4.7k, bought around $3k worth and sold at $6.7k today, with that money I'll be able to mitigate a bit what I lost, hopefully price recovers soon as I indeed don't want to sell at this price. But I think in the near future price will continue to drop, maybe we'll see it bounce back to $10k sometime next year (but don't take my word for it, it's just what I honestly think)

if next month have more new case infect corona virus price maybe drop

because everyone want money to use right now a lot of people no job or have some money to live in couple month.

they have crypto to sell price maybe going to 5k but after that next year i think market will recover and price rise up to 10-15k

bithisach

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Quote from: ?? on ??

With this virus in the way and everyone is trying to stock up with necessary supplies to keep us off meeting other people to reduce exposure & with this social distancing we need every coin we can get our hands on to buy the necessities because we don't know how long this will go on for...your health must come first not your BTc holding. Though OPs advice will be taken when this go back to normal.

You know what I did? I decided to buy at $4.7k, bought around $3k worth and sold at $6.7k today, with that money I'll be able to mitigate a bit what I lost, hopefully price recovers soon as I indeed don't want to sell at this price. But I think in the near future price will continue to drop, maybe we'll see it bounce back to $10k sometime next year (but don't take my word for it, it's just what I honestly think)

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