If we look at previous low points in this last month, lets observe if price can trade below and confirm 8550. We could have some trend of selling for the meanwhile until returning to better support.
Topic: Guys avoid panic sell... - page 7. (Read 3194 times)
Rejection at weekly or positive phase marker by my reckoning, a slow pullback in price I think this is a fair take.
If we look at previous low points in this last month, lets observe if price can trade below and confirm 8550. We could have some trend of selling for the meanwhile until returning to better support.
If we look at previous low points in this last month, lets observe if price can trade below and confirm 8550. We could have some trend of selling for the meanwhile until returning to better support.
If people do this, it means that they have not thought out everything well. The money that goes to invest in bitcoin (or at least anything) should be initially "buried". This is the money that will either become less or become more in the future. They can not be displayed just like that.
panic sell need not be avoided if the market situation is indeed downtrend, then all we have to do is sell it, or maybe you can hold.
but if you decide to hold, then you have to be patient if the price doesn't return to normal
but if you decide to hold, then you have to be patient if the price doesn't return to normal
this has been the biggest problem in the cryptocurrency world, people started looking at Hold as the only option they have or as the only strategy they have, I saw the case of someone who bought an altcoin for the price of 0.09 BTC and that altcoin fell for 0.03 BTC and that person keeps saying that he is holding even though he knows that this altcoin has been priced at 0.03 BTC for over two years. I also think Hold is a good option, but it is necessary to know when it is time to sell so that the losses does not become much greater and the person does not have years with false hopes that he will recover his investment.
I am a big bull on bitcoin, I just want people who have weak hands to get out so the people like me and you who love bitcoin for bitcoin and not for my profits could stay and make this into something much bigger without them.
You need to separate the love for technology and ideology that bitcoin has and bitcoin as an investment.
- Bitcoin as an investment means that you should always make decisions that increase your money because you as an investor your goal is to make a profit
- Bitcoin as something you love (technology and ideology, in ideology I'm talking about decentralization) it just encourages you to learn about the code and network, and contribute your knowledge so that the code is the best possible
Quote
Satoshi sold his coins
It wasn't a large amount of coins so not important but it is not normal to see a wallet from 2009 suddenly become active so that occurrence is going to be talked about for the rest of the year maybe. I'm always just looking at the charts and price was due to pullback, simple because it wasnt advancing and many ride the price up and get off as soon as the gains no long appear immediately. Doesn't take anything more bearish then that to pull back the price.
i wouldn't say bitcoin is back to where it was before since there is still at least $1-$2.5k left to get to where it actually was before the virus ruined the world and the markets all around the world. but it is positive even with all the drama going around.
the recent small drop was also because of the "Satoshi sold his coins" FUD that were all over the internet trying to scare newbies into panic selling.
the recent small drop was also because of the "Satoshi sold his coins" FUD that were all over the internet trying to scare newbies into panic selling.
Perhaps you are right and the reasons for the fall are precisely in this. In this case, it is rather sad - I would not say that these are super significant events (for a protective asset), but they very much influenced its price. At the same time, a positive event occurred - halving, but it did not have a strong impact on the price of bitcoin. Apparently the negative situation in the global economy remains the main factor for all investors in all markets.
panic sell need not be avoided if the market situation is indeed downtrend, then all we have to do is sell it, or maybe you can hold.
but if you decide to hold, then you have to be patient if the price doesn't return to normal
but if you decide to hold, then you have to be patient if the price doesn't return to normal
Unfortunately, panic selling can't be avoided completely, there will always be some users who are afraid of loss, don't have enough patience and think thus they can save at least some of their money.
Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.
panic in the crypto world sometimes leads to new investors or people who are afraid of losing their assets. Well, I see so many people writing negative comments when the price of bitcoin dropped from $ 9k to $ 5k in the past few months. Well, but, when they look at the current situation, it seems like they have regretted selling their assets. however, avoid panic sell when price developments are still potential.Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.
about money and we know on how valuable to us and losing a portion of it will really give out that kind of emotion or panic into ones self.
Panic selling will surely give out negative impact most of the time but there are panic sells that do benefit out or saving up your ass
from crash and i have experienced this for several times which i can say that i'd somehow thankful into those circumstances.
Unfortunately, panic selling can't be avoided completely, there will always be some users who are afraid of loss, don't have enough patience and think thus they can save at least some of their money.
Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.
panic in the crypto world sometimes leads to new investors or people who are afraid of losing their assets. Well, I see so many people writing negative comments when the price of bitcoin dropped from $ 9k to $ 5k in the past few months. Well, but, when they look at the current situation, it seems like they have regretted selling their assets. however, avoid panic sell when price developments are still potential. Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.
There is some natural contraction from the virus disruption but also most currencies are showing inflation from a great supply of new currency. Its hard to call BTC especially bearish despite all this, its risen so much from the March bottom its back to where it was before any trouble so if anything its overly positive.
We've passed through a weekly average and now trade below, that was represented in a large part of the selling today. Its still could pull back to the 50 or 200 day average (both of which are rising now) and be reasonably intact medium term.
We've passed through a weekly average and now trade below, that was represented in a large part of the selling today. Its still could pull back to the 50 or 200 day average (both of which are rising now) and be reasonably intact medium term.
i wouldn't say bitcoin is back to where it was before since there is still at least $1-$2.5k left to get to where it actually was before the virus ruined the world and the markets all around the world. but it is positive even with all the drama going around.
the recent small drop was also because of the "Satoshi sold his coins" FUD that were all over the internet trying to scare newbies into panic selling.
There is some natural contraction from the virus disruption but also most currencies are showing inflation from a great supply of new currency. Its hard to call BTC especially bearish despite all this, its risen so much from the March bottom its back to where it was before any trouble so if anything its overly positive.
We've passed through a weekly average and now trade below, that was represented in a large part of the selling today. Its still could pull back to the 50 or 200 day average (both of which are rising now) and be reasonably intact medium term.
We've passed through a weekly average and now trade below, that was represented in a large part of the selling today. Its still could pull back to the 50 or 200 day average (both of which are rising now) and be reasonably intact medium term.
Panic selling is unavoidable, especially during the pandemic of COVID-19 because most of us temporarily don't have any jobs and we need money to provide our everyday needs, that is why it is hard for some people to hold bitcoin and to maintain their long term investment.
We are not talking about the pandemic now, the drop was due to the 50 BTC being moved today.
And the market really reacted negatively, as we are not bordering on the $8k barrier again. As for those who have sold during the pandemic, I think most of them have liquidated already. It's been more than 2 months since the pandemic scare. And for those who have cash out today because of the news? Just taking profits strategy, and I'm sure that they will buy-back when the price goes on the < $9k.
I for one think that you should all sell, be afraid that bitcoin will go down, there is a huge chance that you are going to lose all your money because of it, this satoshi guy will steal all your money. Get out as quickly as possible and never look back, this bitcoin thing is a scam and its the foreigners who are doing this to make your country smaller and weaker, you should not be part of it. If you have read thus far and agree with me, please get out of the crypto market. If you read thus far and disagree with me, good, so do I.
I am a big bull on bitcoin, I just want people who have weak hands to get out so the people like me and you who love bitcoin for bitcoin and not for my profits could stay and make this into something much bigger without them.
I am a big bull on bitcoin, I just want people who have weak hands to get out so the people like me and you who love bitcoin for bitcoin and not for my profits could stay and make this into something much bigger without them.
Panic selling is unavoidable, especially during the pandemic of COVID-19 because most of us temporarily don't have any jobs and we need money to provide our everyday needs, that is why it is hard for some people to hold bitcoin and to maintain their long term investment.
Yep, but that's not unavoidable. People will naturally panic in times like this. But for those who have planned to hodl, this event is just another from before. Things like will not shake them off, so you don't have to worry. That's life, some will sell and some will hodl. Even you warn them or not. This advice from you will be followed or not, balanced on both sides. Coins have two sides, and that's also applicable here.
That's right, panic is indeed an enemy in ourselves that makes us unable to think clearly in making decisions. The market will be able to recover, and be patient to obtain better profits.
Unfortunately, panic selling can't be avoided completely, there will always be some users who are afraid of loss, don't have enough patience and think thus they can save at least some of their money.
Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.
Panic selling is usualy connected with unexperienced users so I think that sharing.information, education and positive experience can help to prevent panic selling.
Yes, I agree with you to wait for the condition to recover, stay patient and stay calm and don't be a panic sell.
Not all selling is PANIC SELLING. Rational investors sometimes see that an asset is not going higher, and sell, and take profits before the price goes down.
That is just BEING SMART.
Will bitcoin go higher, I have no idea, but to dismiss all those that sell as " panic sellers " is just plain STUIPD.
Hard Facts
Yes, I agree with you to wait for the condition to recover, stay patient and stay calm and don't be a panic sell.
But it recovered from $3800 to $7k right? So how can you say that it reacted in a bad way?
BitCoin crashed by 50 % on March 12, when the economic crisis became appearant. THAT is how BitCoin reacted in a bad way.
The fact that you REJECT REALITY in order to fit what you WANT to believe tells me you are just stupid... Anyone that ever listens to a fool like you is going to get a very bad result.
Hard Facts
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For people who have been in this market for how many years will surely have that kind of impression or views towards bitcoin.We have seen the worst and any dumps just like what happened
EVERYTHING IS DIFFERENT NOW...
Whatever happened in the past, those days are GONE... If you expect BitCoin to behave normally in an Economic Crisis, you are delusional. BitCoin's reaction to the crisis was not good, and I expect it might happen again at the next really bad economic news
Hard Facts
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