Topic: How many people have been panic selling? I didn't. - page 4. (Read 2097 times)
I have seen what happened when the pandemic turns on and brings panic to every people and also turns out to have a negative effect to every sectors in the world which also includes the crypto market. With the matter that we have observed, I do not have any hesitation or thinking to do panic selling for the mere fact that why would I get into panic if I trust on the capacity and capability of my assets to bounce back after quite some time. Doing impulsive decisions might just bring regretful results in the future so better think before doing such because once that it cannot be reversible already. Just have a strong belief and hold into your cryptocurrencies for this situation is just temporary.
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.
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...
The rush in panic selling is not much high this time as people are withdrawing their funds only upto a limit to pay for their bills due to shortage of cash in worst scenario that everyone is facing.The prices have not gone much lower and btc cannot crash below $5k as wise people who know the power of btc that it will rise again with great surge after all this is over due to increase in number of digital transactions and masses shifting towards the use of crypto payments.It will help to boost the economies and will be globally accepted with technical improvements so don't sell your whole investments but only a part of it if you need it. The time for rise will surely come. 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'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...
When things seems to be going out of control, people tend to be flustered and panic. The previous and on going drop caused a commotion in the bitcoin industry causing more and more people to sell. Many have seen and experienced the almost same kind of situation so they are not worried. If one knowd that Bitcoin is volatile and does not settle to a state permanently, then one should not overly worried. You can hold as long as you want and wait for the right opportunity like I do. You can also sell but definitely not on an amount that will cause you a huge blow and loss. Patience and game plan is the key.
Currently, BTC is rising to $ 7,700. And this is a sign for the new uptrend period of BTC. I think the main reason is that the Fed printed large sums of money to save the US economy. Therefore, the dollar has a lot in the market. This explains why the economies of the countries in the world are declining due to the COVID-19 epidemic, the value of BTC or gold has increased significantly.
Lol imagine those that sold when the price was down then? They will be regretting that they took that decision. Some people are always too fast, they don’t have any patience. Anyone who is investing their money in cryptocurrency really has to learn how to have patience. If you’re always in a rush you will keep on missing out on a lot of things.
So, it is very important to have patience and not to be in a hurry whether you’re buying or selling. Before you take any action in the market you should first of all sit down and take the time to do proper research and know where the market is really heading to before you start investing or selling.
So, it is very important to have patience and not to be in a hurry whether you’re buying or selling. Before you take any action in the market you should first of all sit down and take the time to do proper research and know where the market is really heading to before you start investing or selling.
You can't term all the sale orders as panic selling. Some people are selling their coins, because according to them the long term potential doesn't look that great. Some others are selling, because they believe that an economic meltdown may happen anytime now and it will be better if some of the volatile assets such as cryptocurrencies can be converted to stable assets such as gold.
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.
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.
Mostly of the people that I'm already know or my friends and relative who buys and trade in crypto didn't sell most of their cryptocurrencies because we all know that sooner or later the market would start to recover again back to its price from last month. It is also normal for the market to make an ups and downs due to its volatility, and the sudden drops of the bitcoin's price is also an opportunity to other people who also wanted to buy bitcoin
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.
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.
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.
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.
On the news of the spread of the coronavirus, many people could panic and sell their cryptocurrencies in order to use this money to buy necessary items for the period of the pandemic. Therefore, there is every reason to assume that the fall in prices is associated with sales amid a pandemic.
My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.
That is not also how it is suppose to be because business people too don't sell product when price is dropping, they sell at a high from what they bought to avoid loss. This is how it is too for bitcoin selling. Hodling is better this time.
I will keep a inverted DCA strategy until the price recovers 0.618 of the fibo retracement, which is around $12k. After that I'm not selling anymore.
The game changer is people accepting the coronavirus as "the hoax of the century", going back to work in defiance to the law, and accepting crypto for payments. This can bring bitcoin to one million dollars at the end of this year. This movement would require the participation of rich entrepreneurs, which would bring new money to crypto.
The other scenario, where people just accept everything the government says, and fears the virus, can bring bitcoin down to less than a dollar in 2028. In this case, bitcoin is replaced by a global centralized cryptocurrency. Some people are aware of this scenario, and are stacking money into ethereum, as the second place in the list would not be affected at all.
Of course, these are very extreme prices, but they are meant to illustrate a rupture which might happen in the future.
The game changer is people accepting the coronavirus as "the hoax of the century", going back to work in defiance to the law, and accepting crypto for payments. This can bring bitcoin to one million dollars at the end of this year. This movement would require the participation of rich entrepreneurs, which would bring new money to crypto.
The other scenario, where people just accept everything the government says, and fears the virus, can bring bitcoin down to less than a dollar in 2028. In this case, bitcoin is replaced by a global centralized cryptocurrency. Some people are aware of this scenario, and are stacking money into ethereum, as the second place in the list would not be affected at all.
Of course, these are very extreme prices, but they are meant to illustrate a rupture which might happen in the future.
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.
to be honest, panic is a natural thing. when seeing the price of thousands of dollars decrease in less than 24 hours, it certainly makes many people think of selling their assets. so far, I still survive with this situation, it can even be said that the situation is getting better. to be honest, I still strongly believe that bitcoin price recovery can happen, so I'm not so freaked out about the price dropRather, 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.
My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.
an increase does indeed occur when falling in, but if you return to the normal price when you buy the ratio 50:50, maybe you can see it, or maybe you can't see it, and depending on whether when you buy the indicator does not support then you have to HOLD long 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...
It isn't the best time to sell especially when the market is really down. Some of my friends have no choice but to sell their little holdings because of the lockdown. Most of them have lost their job because of the pandemic so they have no choice but to sell what they have to sustain their necessities. There are just unexpected events wherein we'll sell our holdings despite the uncertain market situation but if we'll sell it just because we're panicking, we're just throwing away the chance of gaining a good profit in the future.
We should be very careful and ready for any outcome we might encounter in the coming months, either we still hold for the upcoming halving or save up and cash in fiats before the standing of Bitcoin dumps more than what we have today.
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...
It isn't the best time to sell especially when the market is really down. Some of my friends have no choice but to sell their little holdings because of the lockdown. Most of them have lost their job because of the pandemic so they have no choice but to sell what they have to sustain their necessities. There are just unexpected events wherein we'll sell our holdings despite the uncertain market situation but if we'll sell it just because we're panicking, we're just throwing away the chance of gaining a good profit in the future.
the decline was big so i assume its cause by big people too like whales . small individuals can only have a small impact on the price .
Whales are the one who will benefit this crash in bitcoin's price, probably, they will buy more bitcoin as people try to panic selling because of the virus. No one is expecting that this virus will have such a great impact in the economy and people. It really killed a lot of people which is considered as a bad start for this 2020, but some people in the market are treating this virus as a blessing which must not be tolerated.
There are people dying and still people are not that worried and treating the virus as a pandemic. People should also consider the state of other people, not only their own condition because many people are suffering due to this virus and must be taken seriously.
what you felt thier is also normal . experienced and veteran cryptoers do also feel anxious because the crash was pretty huge and i think it was my first time to experience a crash like this from my 2 years of stay on crypto but im aware that crypto prices on the past have a small value smaller than what we have right now , i used it as a hope to not give up .
Bitcoin's price is really volatile and you should know that if you're a crypto holder, you should not worry about that so much because that is just temporary. There's a chance that bitcoin will again have a higher price because of the market's demand. Don't be so anxious because it will just give you stress and mental problems that will affect your health. Always be confident about your crypto and look for a possible strategy and decision to help you grow more in crypto even if we are experiencing the disaster brought virus.
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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.
to be honest, panic is a natural thing. when seeing the price of thousands of dollars decrease in less than 24 hours, it certainly makes many people think of selling their assets. so far, I still survive with this situation, it can even be said that the situation is getting better. to be honest, I still strongly believe that bitcoin price recovery can happen, so I'm not so freaked out about the price drop 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.
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