Topic: Guys avoid panic sell... - page 2. (Read 3194 times)
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.
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.
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.
Of course panic sell is very harmful even it could destroy whole crypto world. but Sometimes people don't have any other option without selling their asset, for example during Covid-19 condition. there are many holder who were unwilling to sell their assets but they had to done that because of Covid-19. But new investor shouldn't be panic, rather they need confidence & courage for face any bad situation
The covid-19 situation is indeed needed, especially to sell assets due to urgent conditions or other needs, therefore panic selling will always occur if there is bad news, therefore investors always do not have confidence in the assets they hold because it is clear this is the case. It's commonplace but only takes a long time to get up when the dump is bad.
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.
No one says we need to hold in Infinite time because that is stupidity to believe,we need to have a certain period of time or value in which we will dispose all our holdings.
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.
Of course panic sell is very harmful even it could destroy whole crypto world. but Sometimes people don't have any other option without selling their asset, for example during Covid-19 condition. there are many holder who were unwilling to sell their assets but they had to done that because of Covid-19. But new investor shouldn't be panic, rather they need confidence & courage for face any bad situation
The covid-19 situation is indeed needed, especially to sell assets due to urgent conditions or other needs, therefore panic selling will always occur if there is bad news, therefore investors always do not have confidence in the assets they hold because it is clear this is the case. It's commonplace but only takes a long time to get up when the dump is bad.
This is not only useful during this pandemic but always. Whenever market is making correction, just hold and don't sl cheap.
That is why it is better to hold Bitcoin for a long time.
There are a lot of changes every day and if you can't hold your emotions, you will grow paranoid about it. Trust the process as you can all see the price chart making progressions through time.
which i cant really blame them yet i had the same feeling too where i cant really just sit and watch the volatility and wait up for years just for me to sell out for some hundreds of bucks or thousands of profits
depending on the price of it on that particular time.I do have the mindset that i wont need to be that idle for too long if i can achieve it through active trades, even though it is riskier but it would be more
worth for the risk if you do know that it can give out chances for you to earn more compared if you do just simply held of your coins in a long term prospect.Well its a matter of choice though!
This is not only useful during this pandemic but always. Whenever market is making correction, just hold and don't sl cheap.
That is why it is better to hold Bitcoin for a long time.
There are a lot of changes every day and if you can't hold your emotions, you will grow paranoid about it. Trust the process as you can all see the price chart making progressions through time.
Of course panic sell is very harmful even it could destroy whole crypto world. but Sometimes people don't have any other option without selling their asset, for example during Covid-19 condition. there are many holder who were unwilling to sell their assets but they had to done that because of Covid-19. But new investor shouldn't be panic, rather they need confidence & courage for face any bad situation
There are always two sides to a deal, so the one who was buying at that time is now happy, even taking into account the fall.
By the way, I sold my BTC at the price level of 12,300 and now I'm in serious thought - I need to understand at what level to make a buyback. It seems to me still early, the fall should occur to levels well below 10k.
But, at least you sell at the right time but I'm not sure this decline will continue until far below the 10k level or you may have your own target to buy back at a certain level, because maybe you have another analysis that maybe this fall in price will hit 7k and that's possible. I personally am not really sure that there will be a major correction at the end of this third quarter period, because with the market still recovering it is likely that the price will continue to fluctuate in the 10k range until the close of this quarter.By the way, I sold my BTC at the price level of 12,300 and now I'm in serious thought - I need to understand at what level to make a buyback. It seems to me still early, the fall should occur to levels well below 10k.
You are right, there are many opportunities, which is why I am worried (I want to fix the profit by making a buyback, but I do not want to lose profit from a possible further downward movement). I've heard the opinion that the current fall is preparation for a big rise (I mean the stock market) that will be shown to voters before the very presidential elections. Therefore, there is a possibility that the bottom has already been or it is somewhere nearby and it is time to return to the BTC.
People who dumped their coins last March when the market is crashing have something to be sorry now they have to buy coins they dumped at a much higher price, these are unbelievers and weak hands Bitcoin has proven itself over the years that it can stand on it's own even in the worst scenario and the latest one and probably the hardest is this pandemic.
There are always two sides to a deal, so the one who was buying at that time is now happy, even taking into account the fall.
By the way, I sold my BTC at the price level of 12,300 and now I'm in serious thought - I need to understand at what level to make a buyback. It seems to me still early, the fall should occur to levels well below 10k.
People who dumped their coins last March when the market is crashing have something to be sorry now they have to buy coins they dumped at a much higher price, these are unbelievers and weak hands Bitcoin has proven itself over the years that it can stand on it's own even in the worst scenario and the latest one and probably the hardest is this pandemic.
There are always two sides to a deal, so the one who was buying at that time is now happy, even taking into account the fall.
By the way, I sold my BTC at the price level of 12,300 and now I'm in serious thought - I need to understand at what level to make a buyback. It seems to me still early, the fall should occur to levels well below 10k.
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.
Well, we can't blame them they probably sell because they need cash and there's nothing we can do about it, they need it so badly in order to survive. Not gonna lie selling now was totally bad idea, but if you need it then don't hesitate to use it, you keep earning for your family and for your own sake anyway. But if a person who only just sells just because you've panic then that is totally wrong.
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.
Gladly, there are still a lot of people who know the drill when markets plummet. It seems it will take time for Bitcoin to hover over $10k so take this opportunity to buy and accumulate more coins then just HOLD it until the bull market comes.
we can't blame them because they predicted that Pandemic will Hurt the market so they need to panic sell while the price is high.
and Then buy back again when the Bottom reached.
this is not actually panic selling but instead strategy to Buy low and sell high,words that we are commonly reading from all advises here.
I guess somehow there's a quite number of bitcoin holders that have recovered a bit from this pandemic. After most of those months when people were in lockdowns, a sign of recovery from the economy is seen a little by little.and Then buy back again when the Bottom reached.
this is not actually panic selling but instead strategy to Buy low and sell high,words that we are commonly reading from all advises here.
And it's actually a good time for them to start buying again, price was lower and corrected.
This is not only useful during this pandemic but always. Whenever market is making correction, just hold and don't sl cheap.
we can't blame them because they predicted that Pandemic will Hurt the market so they need to panic sell while the price is high.and Then buy back again when the Bottom reached.
this is not actually panic selling but instead strategy to Buy low and sell high,words that we are commonly reading from all advises here.
precisely the right strategy that has been implemented in rapidly changing circumstances is the right one for short-term investing. when it goes up and feels appropriate to sell do it immediately and when it goes down do the opposite to buy.
Currently, bitcoin has experienced several times going down and rising rapidly, seen when $ 12K has happened but bitcoin is still falling back to $ 10K and seems to be the current trend.
So keep the spirit to uncover unusual things to get quick profits.
This is not only useful during this pandemic but always. Whenever market is making correction, just hold and don't sl cheap.
we can't blame them because they predicted that Pandemic will Hurt the market so they need to panic sell while the price is high.and Then buy back again when the Bottom reached.
this is not actually panic selling but instead strategy to Buy low and sell high,words that we are commonly reading from all advises here.
At this time, Covid-19 isn't so much effective anymore. I think now People are able to manage their daily expense without selling their holding asset like bitcoins. Cause almost every government allow them to lead normal life before Covid-19. Maybe that is why, panic sell is get reduced and bitcoin start increasing. Those are genius who bought bitcoin at the cheap price from panic seller and still hold the amount
There's no panic sell anymore, it only happen when there is a FUD but even if we are in pandemic right now, we are still surviving and that is a good thing to see. Even some stocks are starting to recover, and bitcoin is very much stable reaching $12,000 again today, so there seems to be no sign of panic here. 
Panic selling is only for the weak hands, i know the pandemic made some holders weak because they need money preparing for the lockdown. And some use that moment to buy so much coin and now they get huge profit because of it. The pandemic give good effects to the crypto market.
It was hard times during lockdown and few whom I also know had to sell it because they needed money to survive and did not wanted to sell it but were left with no choice. So, leaving those, panic sellers generally end up in a loss itself because they think as if there is no future and bitcoin can never rise again. And later, when they would look bac will realized that what they had missed it.
it seems that people have lost confidence in themselves and the abilities they should continue to have, in a situation like a lockdown it is necessary to have patience and think carefully, because what can be done because of haste and excessive fear will only make him lose himself.
However, we cannot blame ourselves, because in a situation like this, the role of the government should continue because the public needs continuous information so that excessive panic does not arise. we have to understand that.
I hope times like this can quickly pass and everything can run normally again and self-confidence can rise again
At this time, Covid-19 isn't so much effective anymore. I think now People are able to manage their daily expense without selling their holding asset like bitcoins. Cause almost every government allow them to lead normal life before Covid-19. Maybe that is why, panic sell is get reduced and bitcoin start increasing. Those are genius who bought bitcoin at the cheap price from panic seller and still hold the amount
But people need to buy foods, mask and Fullfil others necessary things including the basic requirements of life during lockdown. So they don't have any choice without selling their cryptocurrency at a low price. As a result crypto market turned into red ocean. But nowadays situation is getting normal, life is also coming back on track gradually. And crypto market is also getting green again
There were bitcoin holders that have to do it and sold some from their bitcoin holdings to sustain themselves. Not every bitcoin holder has other sources of living which will allow them not to spend their bitcoin. But for those who were employed and was affected by the lockdowns.They have to resort with the solution of selling even if they don't like it.
Honestly, we all want to hold back when a dump happens. However, some of us can't stand to see dump prices and sell assets in panic. after all, we all know that it is wrong to make decisions when panicking is wrong, so, I think the people who can endure panic are those who are used to this.
Well old investors are already used to this kind of situation thats why they are calm and not panicking in times the market is down. Its because they are aware that this is a normal scenario and should not become a big deal since the market is high volatile and can change unexpectedly. If you have knowledge about crypto investment and chose a good coin to invest in, then be confident and hold. Dont panic when the prices are going down its not permanent, just give time to recover and have patience. This is what investors should always keep in mind.Jump to: