Guys avoid panic sell... - page 8. | Bitcointalksearch.org

TravelMug

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Quote from: HardFacts on April 10, 2020, 10:08:26 PM

Quote from: Lanatsa on April 10, 2020, 05:38:41 PM

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 Shocked

Hard Facts

But it recovered from $3800 to $7k right? So how can you say that it reacted in a bad way?

Every traditional markets also didn't react that good, but in so far as bitcoin is concern, it had a good run after that epic March 12 flash crashes and then it move forward pushing the price above $7k. Of course if there will be a looming economic crisis, every market will react differently. It might not look good in the beginning, but chances are bitcoin will also recovered just like what we witnessed during the Covid-19 pandemic.

btc78

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Eloncoin.org - Mars, here we come!

Quote from: onrise on April 10, 2020, 01:49:06 PM

Quote from: stadus on April 07, 2020, 06:56:28 AM

Quote from: lienfaye on April 06, 2020, 11:59:16 PM

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

Bitcoin will rise in future for sure. Those who have been this market and has seen fall from 20k would known that the rise is also quick and then fall is also quick . Also when it falls later on it will rise and we have seen many times it has fallen badly and later on rose well . So panic selling will only lead to loss.

Because this market is for Rise and Fall,and like you said the Prices always comes Up and down in which nothing new for us.
let those opposing have their own facts but lets see what will happen when the value Reach another Hype again.
i did remember in 2018 when the value starts to fall badly,there are so many accounts that spreading FUD but when 2019 Hype happens?their Keyboard stops typing and keeps in silence and now starting to cry again lol.

HardFacts

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Quote from: Lanatsa on April 10, 2020, 05:38:41 PM

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 Shocked

Hard Facts

TitanGEL

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Quote from: Lanatsa on April 10, 2020, 05:38:41 PM

Quote from: onrise on April 10, 2020, 01:49:06 PM

Quote from: stadus on April 07, 2020, 06:56:28 AM

Quote from: lienfaye on April 06, 2020, 11:59:16 PM

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

Bitcoin will rise in future for sure. Those who have been this market and has seen fall from 20k would known that the rise is also quick and then fall is also quick . Also when it falls later on it will rise and we have seen many times it has fallen badly and later on rose well . So panic selling will only lead to loss.

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
recently then theres nothing new with that and as you said, we cant just see a falling market like forever, there would always a recovery but i cant really blame up people on not to panic
since we are just humans after all but its part of investment risk with these kind of situations and you should really be wise and emotionless when it comes to these kind of scenarios
if you do like to succeed on this market.

Those who have many experiences in this type of market are now have guts in order to not panic, only those people are new in the market are the people who mostly panicking especially when there are crashes. Panicking can be avoided if we know what we are doing, of course if we do not have any plan; for sure that there is a doubt that we keep feeling where it can lead to panicking. It can be avoided through right knowledge and right mindset.

Lanatsa

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Quote from: onrise on April 10, 2020, 01:49:06 PM

Quote from: stadus on April 07, 2020, 06:56:28 AM

Quote from: lienfaye on April 06, 2020, 11:59:16 PM

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

Bitcoin will rise in future for sure. Those who have been this market and has seen fall from 20k would known that the rise is also quick and then fall is also quick . Also when it falls later on it will rise and we have seen many times it has fallen badly and later on rose well . So panic selling will only lead to loss.

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
recently then theres nothing new with that and as you said, we cant just see a falling market like forever, there would always a recovery but i cant really blame up people on not to panic
since we are just humans after all but its part of investment risk with these kind of situations and you should really be wise and emotionless when it comes to these kind of scenarios
if you do like to succeed on this market.

onrise

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Quote from: stadus on April 07, 2020, 06:56:28 AM

Quote from: lienfaye on April 06, 2020, 11:59:16 PM

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

Bitcoin will rise in future for sure. Those who have been this market and has seen fall from 20k would known that the rise is also quick and then fall is also quick . Also when it falls later on it will rise and we have seen many times it has fallen badly and later on rose well . So panic selling will only lead to loss.

Arkann

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every cryptocurrency user today expects a bitcoin halving, then in reality there is no need to risk and sell your coins if there is an opportunity in the near future to get very good profit. Of course, there will always be ups and downs in the cryptocurrency market, especially since the halving takes place every four years and there are many opportunities to buy and sell profitably, moreover, due to the constant price fluctuations throughout each year, each investor will be able to act at his own discretion, but not on the eve of the next halving, when prices should go up in any case.

HardFacts

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Quote from: Questat on April 10, 2020, 09:04:37 AM

Quote from: HardFacts on April 07, 2020, 09:40:56 AM

Quote from: stadus on April 07, 2020, 06:56:28 AM

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

The HALVING has already been priced into BitCoin, everyone is already well aware it is going to happen. There will be no big price increase when the halving actually happens, it will be a non event and people will SELL BitCoin on the news when the price does not spike...

Do not worry, the price of BitCoin will crash again on the next bad economic surprise Shocked

Hard Facts

It will rise and then it will crash again.

The answer is very simple, because they like to play the market and they are making money.

For everyone making money on BitCoin, there is someone that is LOSING money on BitCoin, it all balances out.

YES !!!! If you could predict the short term ups and downs in the price of BitCoin, you would make MILLIONS Grin

Bit it seems pretty random to me, I can not find any way to predict it...

Hard Facts

Questat

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Quote from: HardFacts on April 07, 2020, 09:40:56 AM

Quote from: stadus on April 07, 2020, 06:56:28 AM

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

The HALVING has already been priced into BitCoin, everyone is already well aware it is going to happen. There will be no big price increase when the halving actually happens, it will be a non event and people will SELL BitCoin on the news when the price does not spike...

Do not worry, the price of BitCoin will crash again on the next bad economic surprise Shocked

Hard Facts

It will rise and then it will crash again.

isn't it the characteristics of cypto and in general that does not look good as the market is not stable, but the question is, why is it there are still a lot of investors here? The answer is very simple, because they like to play the market and they are making money.

Here's what's happening, while the new investors panic, the wise always buys, and when the wise sells, the new investors keeps buying.
In short they are doing the opposite of what the smart are doing, so they lose and the smart makes money.

HardFacts

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Quote from: stadus on April 07, 2020, 06:56:28 AM

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

The HALVING has already been priced into BitCoin, everyone is already well aware it is going to happen. There will be no big price increase when the halving actually happens, it will be a non event and people will SELL BitCoin on the news when the price does not spike...

Do not worry, the price of BitCoin will crash again on the next bad economic surprise Shocked

Hard Facts

stadus

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Hhampuz for Campaign management

Quote from: lienfaye on April 06, 2020, 11:59:16 PM

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

And let's hope that bitcoin will continue to be bullish going to the halving so this hype will continue post halving.
Bitcoin dump at $4K when there was a big panic, and if people buy at that price, they will make an easy 100% once bitcoin will reach over $8000.

lienfaye

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Quote from: Savemore on April 06, 2020, 07:40:21 PM

It is hard to not panic especially if you are emotionally attached to your trades.

This is true its not easy to control our emotion thus sometimes we are making a decision based on what we feel. Panic selling is what weak traders do during price declining and without plan to follow we might really commit an unnecessary action. However we can blame the investors who sell at loss because they are in need of money given the situation now most places are put in lockdown.

Currently the market is recovering even the world problem is not yet over, its good to see btc slowly increasing especially now that halving is a month away.

adaseb

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Quote from: exstasie on April 06, 2020, 05:51:26 PM

Quote from: adaseb on April 05, 2020, 11:25:26 PM

Quote from: exstasie on April 05, 2020, 06:07:09 PM

snip

The way that market makers work is they keep the price constant between the spot and derivative exchanges if the funding/futures is near flat. So to prevent a huge arbitrage event the market makers who got accounts on the index spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they buy/sell to keep the index the same as the mark price.

So if there is a huge dump on fake leverage, they will follow and that's why its dangerous.

Until they run out of coins on spot exchanges and the algos shut down. This is why Bitmex hit the $3,500s when everyone else was in the $3,800s or $3,900s. There was not enough spot selling liquidity to keep prices in line.

This is where your whole "everyone will follow Bitmex to $0" theory breaks down. Bitmex can go to $0. Other exchanges would just ignore them.

Quote from: adaseb on April 05, 2020, 11:25:26 PM

Most of the selling on Bitmex was due to long liquidations and it hit a low of $3596. And if you look at the spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they hit a low of $3913, $3901, $3850, and $3858, respectively. So obviously the spot exchanges were following Bitmex.

That's not obvious at all! It's not how causation works either.

That only means long liquidations and lack of liquidity were causing Bitmex to diverge from spot exchanges. When derivatives diverge from the underlying, it's an obvious sign of problems on the derivative side. Basic logic says Bitmex XBTUSD follows spot exchanges because its underlying price is based on a spot index.

Here is the thing, with Bitmex you can only withdraw once a day. So most likely the market makers did run out of coins to sell on spot exchanges and most likely shut off their algos. However what would of happened if they processed withdraws multiple times a day like most exchanges? Their algos would of been left on longer and they would of provided the missing bid liquidity and maybe prevented this crash. Maybe the issue for this is that they need multiple withdraw windows, especially for their market makers.

Also I think these days that most exchanges follow Binanace, it seems Coinbase has low volume most of the time while Binance USDT pair seems to be leading the market. Kind of like how Bitfinex was the market leader a few years back.

ultrloa

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Quote from: Savemore on April 06, 2020, 07:40:21 PM

It is hard to not panic especially if you are emotionally attached to your trades. Even professional traders are having a hard time to trade without emotions. Panicking is not good and that is why we should master our own psychology. Only ourselves can help our mentality and our psychology to be improved in order to handle huge stressed that can prevent from us to do panic. We have high chance of success if we do not emotionally attached to our trades.

Sad reality but actually that really happens since its so hard to see when our portfolio's goes down and we don't know on what will happen in future and we can see as example on what happen on december 2017 where price pump so hard and suddenly drop outs continuously on on next following months for sure many people lose a huge money for that scenario and it brings fear to the other traders this days.

Savemore

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It is hard to not panic especially if you are emotionally attached to your trades. Even professional traders are having a hard time to trade without emotions. Panicking is not good and that is why we should master our own psychology. Only ourselves can help our mentality and our psychology to be improved in order to handle huge stressed that can prevent from us to do panic. We have high chance of success if we do not emotionally attached to our trades.

exstasie

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Quote from: adaseb on April 05, 2020, 11:25:26 PM

Quote from: exstasie on April 05, 2020, 06:07:09 PM

snip

The way that market makers work is they keep the price constant between the spot and derivative exchanges if the funding/futures is near flat. So to prevent a huge arbitrage event the market makers who got accounts on the index spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they buy/sell to keep the index the same as the mark price.

So if there is a huge dump on fake leverage, they will follow and that's why its dangerous.

Until they run out of coins on spot exchanges and the algos shut down. This is why Bitmex hit the $3,500s when everyone else was in the $3,800s or $3,900s. There was not enough spot selling liquidity to keep prices in line.

This is where your whole "everyone will follow Bitmex to $0" theory breaks down. Bitmex can go to $0. Other exchanges would just ignore them.

Quote from: adaseb on April 05, 2020, 11:25:26 PM

Most of the selling on Bitmex was due to long liquidations and it hit a low of $3596. And if you look at the spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they hit a low of $3913, $3901, $3850, and $3858, respectively. So obviously the spot exchanges were following Bitmex.

That's not obvious at all! It's not how causation works either.

That only means long liquidations and lack of liquidity were causing Bitmex to diverge from spot exchanges. When derivatives diverge from the underlying, it's an obvious sign of problems on the derivative side. Basic logic says Bitmex XBTUSD follows spot exchanges because its underlying price is based on a spot index.

adaseb

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Quote from: exstasie on April 05, 2020, 06:07:09 PM

snip

The way that market makers work is they keep the price constant between the spot and derivative exchanges if the funding/futures is near flat. So to prevent a huge arbitrage event the market makers who got accounts on the index spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they buy/sell to keep the index the same as the mark price.

So if there is a huge dump on fake leverage, they will follow and that's why its dangerous. Most of the selling on Bitmex was due to long liquidations and it hit a low of $3596. And if you look at the spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they hit a low of $3913, $3901, $3850, and $3858, respectively. So obviously the spot exchanges were following Bitmex.

DevilSlayer

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Quote from: carlfebz2 on April 05, 2020, 03:29:40 PM

Quote from: HardFacts on April 05, 2020, 10:13:03 AM

Quote from: GrayFullbuster on April 04, 2020, 10:02:08 PM

It is really hard to avoid panicking especially if we have a certain coin in our portfolio then its prices decline so bad. Controlling our emotions is really hard, I also having a hard time for me to set aside my emotions when I do trading but for me I can do it because I know do training in order for me to not panic anymore.

VERY GOOD ADVICE !!!!

You should trade BitCoin based on facts, not emotions. The biggest problem here is that people are so in love with the IDEA of BitCoin, that they will likely HODL onto their BitCoins when the financial indicators say it is time to sell Shocked

Hard Facts

Emotion is really a hard thing to be controlled specially when you are seeing on whats around you.Everything is in panic,right?
Its impossible for you not to make any reactions or doesnt think of for you to sell due to plummeting market plus you do need to have
money into these days so it isnt surprising that panic sell do happen from time to time and for those people who do took or bought
the dip will really benefit but i doubt that it would be a few of them.

The biggest obstacle of a trader is overcoming his emotions, it has a vital role for us traders and we should control it in order for us to make better decisions. It is easy to say that we should not panic but it is hard to do because it is not simply as you think. Like what happened to the market, many traders thought that they fully control their emotions but when the price of the bitcoin declined, most of them are panicking and they do not know what will they do.

Kelvinid

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win lambo...

Quote from: Free1bitco.in on April 05, 2020, 12:58:41 AM

Quote from: GrayFullbuster on April 04, 2020, 10:02:08 PM

It is really hard to avoid panicking especially if we have a certain coin in our portfolio then its prices decline so bad. Controlling our emotions is really hard, I also having a hard time for me to set aside my emotions when I do trading but for me I can do it because I know do training in order for me to not panic anymore.

that is the reality. it's just that selling in a panic is the worst decision. because when the price dumps hard, there will be price reflections that might fix a little of your asset number. however, I support the question of not selling in a panic. most people who sell in a panic will regret it when prices recover.

Though we think that is not a good idea and I believe they do this for a reason. We know how difficult the situation we have to today, a lot of people have no work and you'll be lucky enough to have Bitcoin at your wallet to sell even though the price is low. Maybe they will think that they have to sacrifice this time, this is not the time to hold and prioritize this one but have to sell this in order to survive.
The market isn't meant dying so we still have time and a chance to start over again in the future or once the outbreak is over.

exstasie

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Quote from: adaseb on April 04, 2020, 11:40:57 PM

Quote from: exstasie on April 04, 2020, 02:37:15 AM

There's no way Bitmex liquidations could ever bring BTC to $0, or anywhere close to it:

At the moment just before they went down, there was almost no bids in the orderbooks all the way down to $0. And they had almost $1000 million of long liquidations to clear. Those $10M ask walls kept appearing over and over again and nobody wanted to take them. If it wasn't for the downtime, it eventually would of went to $0 on Bitmex perps and their futures.

Who cares? That's a problem for Bitmex, their insurance fund, and Bitmex traders who would get their positions de-leveraged. It doesn't magically make BTC appear on real exchanges to sell prices down.

When push comes to shove, the price of Bitmex derivatives are completely fake, just held up by leverage.

Quote from: adaseb on April 04, 2020, 11:40:57 PM

Would it go to $0 on other exchanges? No idea. It depends what rules the market makers and arbitragers would play by, I am assuming most were out of the market by then and others just simply turned off their algos due to hectic trading action.

You're talking like BTC can be naked shorted on spot exchanges. Cheesy

If their algos were tied to Bitmex, they just would have run out of BTC to sell. There isn't enough BTC in existence to eat through the global spot order book to $0, let alone when you consider the small fraction of BTC supply that actually lands on exchanges.

Topic: Guys avoid panic sell... - page 8. (Read 3194 times)