Many people had to sell their Bitcoins, because because of the pandemic, they had expenses for which they could not raise money from other sources. And it's pretty bad, because this has an impact on the market, in the direction of lower prices.
Topic: How many people have been panic selling? I didn't. (Read 2055 times)
There are sales and there are panic sales, to differentiate the two from each other, you can always look at it when there are big sales coming AND afterwards. When there is a big sale that drops the price, that doesn't have to be panic, but when price falls so much that people end up selling after that, it could be panic selling. For example if the price is 9k and drops to 6k, anything lower than that could be considered panic selling.
Of course this is still not a healthy calculation but it does help you out a bit in the end to realize what type of people and how much is sold during those times of panic, not all of them could be panic but most parts are. However one thing is for sure, there are same people who buy while its going up as well, when you see price at 6k that goes to 10k and you see people buying, its the same mindset.
Of course this is still not a healthy calculation but it does help you out a bit in the end to realize what type of people and how much is sold during those times of panic, not all of them could be panic but most parts are. However one thing is for sure, there are same people who buy while its going up as well, when you see price at 6k that goes to 10k and you see people buying, its the same mindset.
Many people panic and sell because of falling prices Don't panic when it comes to investing Even if the price of Bitcoin goes down it has a lot of potentials to rise I never sold it I kept thinking about the future. There is always a risk involved in investing so try to reduce the risk. Now is a good time to hold on without selling.
It's hard to tell because I don't think there are any relevant figures, I don't think that anyone is actually having records about it. So, we can only guess based on our feeling or maybe if we know some users who are keen to panic selling.
Anyway, panic is something that can't be avoided, especialy by less experienced users so every time when the price goes down someone will sell, that is for sure.
Personaly, I don't fall under influence of panic or fake news because I'm experienced and been through such situations many times.
What can be done to prevent panic selling is education and risk management.
Anyway, panic is something that can't be avoided, especialy by less experienced users so every time when the price goes down someone will sell, that is for sure.
Personaly, I don't fall under influence of panic or fake news because I'm experienced and been through such situations many times.
What can be done to prevent panic selling is education and risk management.
Several people panic selling their assets because of the continuos price fall of their coin. I think it is better than to lose big in the long run. Some may still hodl their coins hoping for a comeback in its price in the future market. But neither ways are better if you have the risk.
Well it depends on the coin you're going to hold. If its shitcoins then dont expect for it to bounce back because it will never happen. Selling while it has value is much better rather than losing all your money. Thats why its important to only invest in well-established coins or those who have potential and unlikely to be delisted in exchanges.If you believe in the coins you buy then hold firm and wait for it to skyrocket in the future.
Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.
it is very natural when people panic to see price drops that occur very quickly, and cause panic selling. it's just, I'm not that type. I better hold my assets, and believe in the next price increase. I have seen enough events like this, but, it's best to hold back in the long run, and thinking calmly is the best thing to do.
Several people panic selling their assets because of the continuos price fall of their coin. I think it is better than to lose big in the long run. Some may still hodl their coins hoping for a comeback in its price in the future market. But neither ways are better if you have the risk.
Well, if you have a good idea about where are you investing and how should you face it, you won't sell in panic. Maybe you will sell some, but will play a better plan for it.
The halving is completed, the Block reward is half down. If you mined 1 Block, You just receive only 6.25 BTC instead of 12.5 BTC. The world is going on Economic Crisis, cruid of is down more, Covid-19 destroy many filed in the world, etc.
Because reasons above, I believ Bitcoin is grown up and I will Buy 90% my money by BTC before end of June. My target is 16k - 17k last year
Because reasons above, I believ Bitcoin is grown up and I will Buy 90% my money by BTC before end of June. My target is 16k - 17k last year
Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.
Instead of selling bitcoin/altcoins, I bought some more during the crash. If you believe in BTC and blockchain, than this crash was a very good moment to buy.
Maybe too easy to say, but if you can not handle a crash like this, than it has no use to have BTC/stocks in your portfolio.
Strong market crashes happen on some very negative news. So it was this time. I think many holders sold their bitcoins because the collapse was over 50%. This is a very large number and against the backdrop of falling global market indices, stock markets and commodities, a further drop in the price of cryptocurrencies looked more than likely.
I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.
That is nice for you that you have been able to hold with your BTC but that means that you are either too rich or you are holding a small amount of bitcoins because when the price dropped to half and went as low as $3500 there was a disastrous situation and lots of whales also dumped which actually made the price even fall down further.There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.
Imagine being noticing $350 swings but not cracking when the price went half of its value, I believe you are just holding a small amount mate because as a trader I was shaken and I have to admit, even I liquidated a part bitcoins I held because it was massive for me and even a 10% change makes me worried.
Why panic sell when the price of bitcoin is not that bad as compared to other times of massive dump. The Corona virus indeed has its fact on global economy but the world of crypto seems to be doing just fine and there is absolutely no need to panic sell as it has been an upward trend over the last few weeks
If you are aware of the date of this thread being made then you can see at that time that the price even touched the bottom at around $4.7k and that is a very scary panic, because even at the same time the spread of coronavirus continues to spread and even the case continues to increase in many different countries. I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
I can not say that I did or did not sell exactly because the situation is a bit complicated. When I was trading my current capital, I had adjusted it to have 70% margin and 30% spot trading. Unfortunately, during that big and sharp decline, almost 70% of the balance disappeared and I sold it all involuntarily. However, the 30% portion I was talking about still stands still and I haven't made the sale yet. Perhaps, at the end of the month, I can sell according to my money needs, but it is not certain. I do not want to go through the reminder that the price is likely to fluctuate one more time before the half-time period. As I mentioned, I will determine whether or not to invest my remaining investments in cash at the end of the month according to my financial situation.
Why will I be panic? I didn't
Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital.In fact, some investors and traders are hoping to grow their money multiple times so they are taking this high risk activity, trading and investing.
We are here because we believe in bitcoin and crypto in general, so we will hold and we will not panic.
Although I can understand that we are not perfect, we also make mistakes sometimes but at least we need to learn so in the long run we will succeed.
Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital.when the stake of winning is too much high than trading?isnt that in gambling if you hit the jackpot there is a
huge amount of pot?remember that in crypto the ability to wait is what will save you from losing and
not the faster you expect to profit,for how.many.thread here that we saw same situation whos investing the amount of money they dont really.afford to lose and
because of greediness they lose everything and blames the market for their own stupidity
Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital.In fact, some investors and traders are hoping to grow their money multiple times so they are taking this high risk activity, trading and investing.
We are here because we believe in bitcoin and crypto in general, so we will hold and we will not panic.
Although I can understand that we are not perfect, we also make mistakes sometimes but at least we need to learn so in the long run we will succeed.
Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital. 
I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.
There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.
There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.
Me too, I didn't sell my coins because I still have my allowances and excess budget for surviving this quarantine. I sustained myself because I prioritize my work and family above anything else before this pandemic occur. That's why I have budget to support my family and feed them 3 times a day, I also donated some money for those in needs. Selling my bitcoin is not appropriate and necessary that's why I still hold it no matter what happens because I believe that bitcoin's price will increase, especially that halving is approaching and selling bitcoin is a bad idea and buying is more profitable. It is hard to recover from losses after this halving so you need to become ready and trust bitcoin and be patience if it is a perfect timing to sell it.
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