How many people have been panic selling? I didn't. - page 2.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: Xxmodded on May 08, 2020, 11:18:05 PM

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.

Most of the people will sell their coin due to panic and the situation of the market, before trading we should follow some different ethics because in some cases we should hold the coin instead of selling them for less. That's why we should always hold the profits, which we earned through trading and it might help us to average our previous higher prices. In this way, we can reduce our loss.

farukahmed

jr. member

Activity: 1106

Merit: 1

Before two years ago today , Bitcoin hit its highest price ever, reaching $19,783. It was the culmination of an incredible year for the digital currency, which had started 2017 at about $1,000. When we think of bitcoin, we remember the last few years, when Bitcoin was 800$ we didn't have a good idea about the market, but the days are going by and we have a very good idea about Bitcoin, but we think what they are. After thinking about all this, they are leaving the market high or low able to make a decision.

Negotiation

sr. member

Activity: 1092

Merit: 267

Need a Helping hand? https://tinyurl.com/2p94uabm

There are many people who have sold panic But I think it's foolish to sell in panic If the crypto market is not stable, its price will be more or less Therefore, if you are frustrated you should not work in faith. I never sold my bitcoin after the panic. Because the price of BTC goes down then its price will go up We just have to wait patiently The future of Bitcoin is much better. Big business or investors never sell they hold on So don't panic and know about the market and then sell yourself.

Xxmodded

sr. member

Activity: 2254

Merit: 309

SOL.BIOKRIPT.COM

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.

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: silversurfer1958 on May 08, 2020, 07:25:03 PM

I guess there are a lot of people in panic selling BTC so the price of BTC dropped sharply at the time of this writing. And I also congratulate you for making the correct decision at that time. I think now with the price of BTC breaking the $ 10k , you feel happy right now.

Bitcoin is still going up, so those who hodl during those times of uncertainty are now reaping their rewards. And more than possibly, it will still go up in the coming days. So brace yourself for what will be coming ahead of us...
Because of halving, we are now seeing the 10k level again, and after that, hoping to increase its value..Panic selling is real but if you know the influence of bitcoin, you will hodl it.

silversurfer1958

full member

Activity: 474

Merit: 111

I guess there are a lot of people in panic selling BTC so the price of BTC dropped sharply at the time of this writing. And I also congratulate you for making the correct decision at that time. I think now with the price of BTC breaking the $ 10k , you feel happy right now.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: brotherwood12 on May 05, 2020, 05:22:34 AM

that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending

I think we can get along with that since we are doing that even in the normal days, we sell when we really needed it. Saying that we can say that there are some that actually panicked but most of them sell in the time of need and that is not panic selling.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Sirait on May 08, 2020, 05:07:41 PM

panic selling is a bad thing, and it usually happens to people who don't have confidence in Bitcoin. I'm not a HODL, I sell the Bitcoin that I have several times at high prices even though I have to wait a long time

Bitcoin Halving day soon, make the best if there is a drastic price increase

Its not actually a bad thing yet there are panic sell calls which eventually do benefit you out which means you did able to sell before the price plummets or goes to the bottom.
If you are a hodler then these scenario wont really be that much a concern but if you are a short trader then cutting losses would really be included into your list.
Panic selling is an inevitable thing yet we are just humans which do have emotions and just normal to reach when there price corrections do happen along the way.
Experience will be one of the factors that would hold you up in committing such action.

Sirait

full member

Activity: 1890

Merit: 101

1xBit 🏆 │ NotYourKeys.org

panic selling is a bad thing, and it usually happens to people who don't have confidence in Bitcoin. I'm not a HODL, I sell the Bitcoin that I have several times at high prices even though I have to wait a long time

Bitcoin Halving day soon, make the best if there is a drastic price increase

TheGreatPython

sr. member

Activity: 2548

Merit: 329

Quote from: BuNga_cute on May 06, 2020, 07:48:58 AM

I am sure that the panic selling is do by a newbie, because for investors and traders who have long known bitcoin will choose holding.
Especially now halving will happen in a few days, if there is still panic selling is really unreasonable. But I'm sure the number of panic
selling is not much, because the price of bitcoin shows a positive trend. I analyze the bitcoin price movements continue to rise, this is
a good sign. I predict the price of bitcoin in the near future will soon touch the price of $ 10k.

Well it is already there almost and I cannot agree that newbies do the panic selling because I have seen the best traders and investors sweating when the price swings happen and recently when bitcoins touched around 4k a lot of friends of mine who, believe me, are good investors and sharp brains but they also cashed out because it felt like corona virus might had something to do with the price drop.

I personally consider investing extra money in bitcoins and hence I am not as much troubled by the price drop as much are guys who put everything on line to make some profit. It must hurt for people who sold at 4k and now thinking about buying at 9-10k the same bitcoins. Ouch, that feels bad.

panganib999

hero member

Activity: 1736

Merit: 589

I do not come up into thinking to do a panic selling despite of the current situation we do have because I do have my full to the cryptocurrencies I do have in my account. I am confident enough that my assets can survive and bounce back even at this crisis so I would not do any panic selling. I will just sit back and find more opportunities to buy more cryptocurrencies while they are still at low price so that once the prices have recovered, then I will be benefited. Why would someone do panic selling if he have trust on the cryptocurrencies he hold?

fullhdpixel

hero member

Activity: 2828

Merit: 611

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.

schuriken

jr. member

Activity: 116

Merit: 3

Quote from: countryfree on March 13, 2020, 01:51:13 PM

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...

in market price always fall and recover.but as a holder we should consider holding for 1-3 years for good profit .i dont sell btc until 18k at all. this is a personal strategy .

Vishnu.Reang

sr. member

Activity: 1974

Merit: 453

Quote from: Snappycoco on May 06, 2020, 11:30:20 AM

It'll comeback strong after this pandemic. I am sure some panic sells due to lack of money present in their wallets. They need money to survive this crisis and selling bitcoin is one of their choices.

Perhaps this is one of the reason why we are not witnessing any major spike, despite the fact that the next block reward halving is only a few days away. This time, it has been a major disappointment. A lot of the users were amassing coins, hoping that the block reward halving would give a huge boost to the exchange rates. And now it looks as if they may lose their money.

Snappycoco

member

Activity: 534

Merit: 19

It'll comeback strong after this pandemic. I am sure some panic sells due to lack of money present in their wallets. They need money to survive this crisis and selling bitcoin is one of their choices.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: crutu on April 26, 2020, 10:19:52 PM

Quote from: ?? on ??

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.

besides, there may be other reasons why they can panic selling the coins they have held so far, that is because most of them need money in the current economic situation, because as we know the world economy has largely been weakened and some of them certainly many need money to meet their daily needs

Then that is not panic selling, right?

Panic selling is when people are not thinking straight what to do and just sell since they think they would be missing the chance of selling at a higher price. When they will be selling cryptocurrencies or other investments since they need it, then they are doing the normal thing an investor would do in a normal day, right? Trade.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: gantez on May 06, 2020, 06:00:33 AM

Quote from: yahoo62278 on March 13, 2020, 10:39:34 PM

I sell a little here and there when I need to pay a bill or something, but in no way would I just cash out below 6k.

Same with me too. I sell and rebuy in because bitcoin isn't going to drop in the speculation of few or biased people who think it will drop and disappear, no that won't happen.
This is time to gather more before nations recover and investment will go high.

no he didnt said that he rebuy's btc but he just use some and call it a day

. he still didnt cash out all but yahoo is a manager on here so he have lots of projects that earn him more btc . in your case you said you rebuy when you sell but you only sell for profit and not for service like what yahoo did . that is still a good move . whats more good is that you are optimistic on btc while most of us here already starting to loose hope which leads them to panic sell .

BuNga_cute

full member

Activity: 1736

Merit: 116

I am sure that the panic selling is do by a newbie, because for investors and traders who have long known bitcoin will choose holding.
Especially now halving will happen in a few days, if there is still panic selling is really unreasonable. But I'm sure the number of panic
selling is not much, because the price of bitcoin shows a positive trend. I analyze the bitcoin price movements continue to rise, this is
a good sign. I predict the price of bitcoin in the near future will soon touch the price of $ 10k.

gantez

full member

Activity: 1736

Merit: 121

Quote from: yahoo62278 on March 13, 2020, 10:39:34 PM

I sell a little here and there when I need to pay a bill or something, but in no way would I just cash out below 6k.

Same with me too. I sell and rebuy in because bitcoin isn't going to drop in the speculation of few or biased people who think it will drop and disappear, no that won't happen.
This is time to gather more before nations recover and investment will go high.

silversurfer1958

full member

Activity: 474

Merit: 111

I think the price of BTC fell sharply at the time you posted this because some people thought that the COVID-19 pandemic would adversely affect the global economy. So, they sold BTC to cut losses. But for now, the price of BTC has surpassed $ 9k. I think that the increase in BTC price is due to the approaching halving day which means that the difficulty to mine 1 BTC is increasing. Therefore, leading to scarcity of BTC in the market. I hope that BTC price will surpass $ 20k by the end of this year.

Topic: How many people have been panic selling? I didn't. - page 2. (Read 2055 times)