How many people have been panic selling? I didn't. - page 3.

Yamifoud

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Quote from: sedov1966 on May 05, 2020, 09:34:12 AM

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 feel really sorry for people who needs to pull funds to live through these hard times.
However, I don't understand people who initiated selling by themselves, its literally makes no sense - whole market is on bull run

It is not a sorry thing, it is a need and that we can't do anything but sacrifice.
This is a part of our crypto journey, sometimes we feel disappointed and sometimes we are also happy because we gain a lot. I know many were selling their holding not because they are panic about the market change but actually the pandemic gives them the push to make it. And to honest, I also sell some of my bitcoin and I don't feel any regrets because I used it for the purpose to survive.

Romeotom

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Basically i still sleeping right now and i haven't connected any reason for sales my holding btc. Obviously one is single thinking i spend cash amount at this time when i need buy products with pay any bills. Actually it's some to lucky for me because i was store some cash money and i spend now but never btc.

Twentyonepaylots

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Quote from: TheUltraElite on May 05, 2020, 01:48:47 AM

Quote from: Pamadar on April 27, 2020, 02:28:17 AM

It's hard to resist when you are really in need of money to survived with this pandemic crisis,

Need of money during a crisis should not be resisted. You will need spare money at hand and its not wrong to cash out during this time because your lives matter more than making money. If you stay healthy you will live longer enough to see your crypto and play with them more. Wink

Risking your present situation just for having a hope in uncertain future is a big joke especially with our global situation right now that thousands of people are already dead and millions of lives are at stake. You can basically re-earned the money you are going to cash out with crypto, you don't need to resist the hunger or lack of necessities these days. But also make sure you'll just be bringing out spare just enough.

Quote from: TheUltraElite on May 05, 2020, 01:48:47 AM

Quote

if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market.

Well bitcoin seems to have been bullish after the initial dump with the other markets of the world. Still this might be a pre-halving pump and a dump might happen before the halving because the people who bought at the crisis dump before this will try to sell.

If you are monitoring the market then you might have seen how the bitcoin price behave during the last couple of weeks. It is good to see the price getting some hike for pre-halving but I'm sure that there will be a dump after the halving just like what the past halving impacted.

Quote from: TheUltraElite on May 05, 2020, 01:48:47 AM

Quote

Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

They dont have patience to watch the market and see how the cycles go. They are more interested in making quick cash and so they fail.

It is easy to understand, the market is volatile, you'll see it on top after bottom in just a blink.

sedov1966

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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 feel really sorry for people who needs to pull funds to live through these hard times.
However, I don't understand people who initiated selling by themselves, its literally makes no sense - whole market is on bull run

Viscore

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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

In this market we are all playing, there are people who panic and there are people who do not.
You'll make profit if you do not panic because you can easily buy a price at its dip, and that's the reason why the smart minds are liking crypto despite the fact that trading or investing here is considered a high risk activity. We have to ensure that we are in the side of the profitable people, otherwise, there is no reason to stay in crypto when all we do is just to spend our money to make other people profitable.

brotherwood12

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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

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Pamadar on April 27, 2020, 02:28:17 AM

It's hard to resist when you are really in need of money to survived with this pandemic crisis,

Need of money during a crisis should not be resisted. You will need spare money at hand and its not wrong to cash out during this time because your lives matter more than making money. If you stay healthy you will live longer enough to see your crypto and play with them more. Wink

Quote

if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market.

Well bitcoin seems to have been bullish after the initial dump with the other markets of the world. Still this might be a pre-halving pump and a dump might happen before the halving because the people who bought at the crisis dump before this will try to sell.

Quote

Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

They dont have patience to watch the market and see how the cycles go. They are more interested in making quick cash and so they fail.

so98nn

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

Why panic sell? If you truly believe in bitcoin then you know that bitcoin will rise above the current market price fairly fast. No reason to sell everything and take a loss. 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.

This is cool strategy from the legend person. Totally agree. Why to sell unnecessary if you dont really need the money right away. If you are keeping bitcoin as second line income source (even first) then you should just hold it and look for the bitcoin rise upwards.

I like the idea of taking out only that much part which is "really" needed to spend. I think everyone should make this as an habit so that we can end up with profits later on. Cheesy

Free1bitco.in

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Quote from: drlukacs on April 27, 2020, 05:06:36 AM

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...

I think holding the coins now is a pretty bad idea. What do you think about the crypto market when the stock market over hundreds of millions of dollars collapsed? Can crypto survive the future economic crisis? Can bitcoin benefit society? - No!
Bitcoin and crypto are captured as assets for the whales to manipulate. and they only do it when we have money left. If the world economy is seriously hurt, the whales will have to leave the market for a while. That's the rule and we should understand it. If we go against the whales, we only die.

Since there has been news that the president of North Korea died, many rumors say that the price of bitcoin will go down because there is a bitcoin transaction from the president's wallet and many predictions that the bitcoin will be sold. it's just that it doesn't cause panic right now. Well, I have a different perception and assume that a lot of things will happen to drop the price of bitcoin before halving. personally, I will keep my assets, even though many people say that it is a bad idea.

Lorence.xD

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Bitcoin is a nice and stable item to hold onto when you have a money that you want the money that you do not want to spend grow little by little, this is what I can guarantee because I have faith that bitcoin will increase in value like a thief in the night, we will not know when but I hope that I hold some coin when that happens because bitcoin has prove itself a long time ago, people have doubts and expectations but bitcoin surpassed the expectations, remember the time that they say it will not reach a dollar two? Who is laughing now? People did not jump the hype train when it is not yet full, now everyone wants a piece of it because they see the potential grow right in front of their faces. I believe holding to it will bear fruit someday.

drlukacs

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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...

I think holding the coins now is a pretty bad idea. What do you think about the crypto market when the stock market over hundreds of millions of dollars collapsed? Can crypto survive the future economic crisis? Can bitcoin benefit society? - No!
Bitcoin and crypto are captured as assets for the whales to manipulate. and they only do it when we have money left. If the world economy is seriously hurt, the whales will have to leave the market for a while. That's the rule and we should understand it. If we go against the whales, we only die.

rodskee

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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.

Yeah because this is depending on that person if what is His plan and capacity
in this market,some of us are her
e to Buy, Hold and wait while others are here to Buy and Just sell to profit.and
also there are some who's wanted
to Hold but they have no choice because of no having enough funds to sustain life.
in this matters there are different answers.
but having safer by selling when the market starts to fall don't mean we are weak and panicking instead this is assuring .

Pamadar

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Quote from: SacriFries11 on April 27, 2020, 01:58:58 AM

Quote from: Naida_BR on April 26, 2020, 07:20:40 AM

The price of Bitcoin seems to start going upwards again slowly but steadily.
This event possibly happen due to the halving event that gets closer.
In my opinion, there is not any reason to panic sell - Covid-15 is not a thread to the market but an opportunity to grow more.

People must take this opportunity to buy more btc and other cryptocurrency because of global economy gets down but in the other hand, many people also need to sell their coins to buy foods and pay their bills. These are the few reason why people are selling their coins and others are just want to lose their money. I sold few of my coins but I btc is not one of them. I prefer to lose other coins rather than selling my btc. Sometimes I convert it to more stable coin to cut or minimize my losses.

It's hard to resist when you are really in need of money to survived with this pandemic crisis, if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market. Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.

SacriFries11

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Quote from: Naida_BR on April 26, 2020, 07:20:40 AM

The price of Bitcoin seems to start going upwards again slowly but steadily.
This event possibly happen due to the halving event that gets closer.
In my opinion, there is not any reason to panic sell - Covid-15 is not a thread to the market but an opportunity to grow more.

People must take this opportunity to buy more btc and other cryptocurrency because of global economy gets down but in the other hand, many people also need to sell their coins to buy foods and pay their bills. These are the few reason why people are selling their coins and others are just want to lose their money. I sold few of my coins but I btc is not one of them. I prefer to lose other coins rather than selling my btc. Sometimes I convert it to more stable coin to cut or minimize my losses.

BlackFor3st

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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...

If you are a long term holder then there is no room to panic as it is only part of the market that it will go down because after that decrease the market will surely to recover again therefore a long term holder still in a good position to profit. We are talking about the #1 rank here which is bitcoin so you should put more trust to it if you plan to hold for a long term one and panic selling will only cause you some problems like losing some of your invesment money.

But in my case, I was forced to sell some of my assets just to survive from the current lock down that our government has imposed in order to control the spread of the virus.

cutesgirl

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I become the part or people become panic selling when seeing bitcoin have the top price but always look stay cool when bitcoin going down, I don't now why not brave for cut lost when seeing my coin assets back lower price and never have chance how to stop much lost. Never have ideas at the next moment when bitcoin and altcoin will going down.

NavI_027

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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

Indeed. I understand the some people who panic sell at this moment because we are all in the same situation. However, I really resist the temptation of selling as much as possible because I know to myself that I might regret if there's a sudden skyrocket happen especially that we are heading in this year's halving. Actually, I am now a little nervous, excited and a little bit skeptical Grin

. But whatever happens, I remain hodling and sell based om my nexact necessities only.

crutu

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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

shield132

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Quote from: Kong Hey Pakboy on April 24, 2020, 07:52:27 AM

Quote from: Leviathan.007 on April 24, 2020, 05:57:04 AM

Quote from: travwill on April 19, 2020, 06:19:06 PM

I think that a lot of people are prone to panic attacks, but at the same time I do not think that this is the main reason for the fall in prices in a given period.
Rather, large players seeing that they can provoke a panic sale act in such a way that they would sell first, and then buy off the last.

Agreed! A lot of people were panic selling that's exactly the reason why we saw the emotional dumps during the previews days. and sadly these emotional selling will follow a big lose in the short words during this period of the time many panic seller lost their money or had a real high amount of loses. While if you control your emotions you could easily but at low price and get a real profit. It's all about the controlling the emotions.

In my own personal opinion, most people who are panic selling are new in crypto that they assume it will continue to go down, but it is normal for the crypto market to decrease due to it's volatility, so we should calm down and have patience to maintain our investments. A lot of people are also selling their cryptocurrency because they are starting to convert it into fiat in a time like these that we all need to provide all of our necessities, while there are community quarantine lockdowns.

Guys do you post from this planet? Where do you get your statistics from? Just double checked again and as it seems in this month the lowest price was 6628 USD and high - 7690. And on regular basis, price was changing between 6700-7300 USD. So in any way this isn't anything uncommon for bitcoin and if we consider the current price, then we can 100% say that bitcoin seems to be a resistant against corona virus and hope it will continue this way in near future too.

Jating

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Quote from: Averim on April 26, 2020, 02:49:32 PM

I did some panik sale for several times and it was really bad, i believe if i would had holded the tokens probably it would be a smarter decision.

Oh well, you should have at least learn from your mistakes and not to panic sell. If you are a long term investors, you shouldn't be affected, in my opinion. And those who panic sells have short term goals that's why they got nervous if they see the value of their money going down. Just remember this, every downturn in bitcoin and crypto in general is followed by a bounce back. We have seen it already, from as low as $3800 during the pandemic panic to the current price. So in just 5-6 weeks, we have bounce back already and doubled the last price we have, so think about that. So there's a lot of missed opportunity already if you sold during the flash crash.

Topic: How many people have been panic selling? I didn't. - page 3. (Read 2055 times)