Topic: How many people have been panic selling? I didn't. - page 5. (Read 2055 times)
My rule is to never ever sell crypto when it's falling. Prices usually stabilize and climb back up even with a sharp fall.
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...
if only a few people panic and sell Bitcoin, I don't think it will affect the value of Bitcoin on the market, but if you see the value of Bitcoin on the market going down, there are certainly many people who panic selling bitcoin on the market,
hey I think they sell bitcoin because of urgent economic needs because of the Covid-19 outbreak, does anyone agree with me
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.
Anyone selling off bitcoin in panic does not truly know what bitcoin means or the person is a newcomer to the crypto world. Bitcoin is the most trusted crypto to survive any storm from the world. Price can crash from time to time but that should not make anyone sell off in fear. If I have bitcoin I will not sell in panic. No.
Yes, because it is also part of the characteristics of bitcoin itself or the crypto market as a whole, in this market prices can go down hard quickly and also recover significantly without being predicted with precise accuracy. So when they sell because of panic, it is clear that they will lose money, but it does not rule out the possibility that they sell immediately just to cut losses to end up buying more when getting lower prices, in a crisis situation like this, every individual needs at least funds, so we don't can say if the decline is due to panic selling, because at least there are other needs that make them sell it. 
it is better to keep the holding if you don't really need the money because whats the reason of selling?when you will again buy sooner.
a trader will certainly sell his Bitcoin if it reaches the desired price, then buy back when the price of Bitcoin drops at its desired price, so selling is not always bad (depending on personal needs)..Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.
You are right.. a trader (who sells Bitcoin) is not bad, a bad one is someone who sells his Bitcoin because of panic and never buys or invests Bitcoin again.. 
Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.
Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.
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'm like you ,holding my crypto despite of huge drop because i believe it will rise again ,just need patience.There's no need to panic selling because the value of bitcoin is not stable,today down,tomorrow up. Well,we can't blame those who are afraid to lose and not a long term holder. 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...
I had to sell my holdings as I like other people I also am a daily wage earner and without it I can't do anything. And as our country is in lockdown I can't find a job and thus I had to sell some of my holdings but not because of panic selling but because of the need of funds for survival. 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...
After watching the price of bitcoin go down i told many of my friends that if they want to make a quick buck even if they won't believe in bitcoin they should invest some of their money in it and it worked for a couple of my friends, straight after buying bitcoins in a week their market value also increased.
Its not just panic sell , its also a normal sell where a lot of people decided that is better for them to have cash near them instead of Bitcoin which is pretty volatile right now so anything can happen. For example take a look at stocks and how much are they dropping every day but cryptos are holding good for now but for how long ? Personally I don't want another crash of Bitcoin price.
Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.
Not everyone sold their bitcoins in a panic. Selling your asset when its price falls is one of the strategies of a trader. Therefore, a large number of traders were able to buy back bitcoin again when its price reached the minimum values. As a result of this strategy, they have increased the number of bitcoins hold.
I must admit that at first when i saw the price is dropping drastically?i tend to sell out but it is too late because the market drops 30% as i checked the prices so instead of selling i decide to Keep holding more.
and now?i am contented about what recovers market did.
and now?i am contented about what recovers market did.
Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.
it is better to keep the holding if you don't really need the money because whats the reason of selling?when you will again buy sooner.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...
We have people like that in every market causing the market to crash because they did not invest what they can afford to lose, and they still do not believe in the capability of the crypto market to bounce back glad we still investors who strongly believe in the market, but there are too many panic sellers in our market, so Bitcoin almost crash to $4000 level or below.
Almost trader and investor are panic for selling bitcoin and altcoin at lower price, they think will bad for holding assets when price is going down, how ever take half our money is better than lost much money in bitcoin and altcoin investing because give bad reputation for investor and trader.
it's natural, if we see a decline from the price of $ 9000 to the price of $ 5000, it will really make people panic, and I think many people have regretted selling their assets in a panic.at this time, we need to calm our minds, because anything is possible. I'm thinking of holding back until the end of this year. I feel that the price increase will really occur after halving, moreover, if the pandemic has finished, it will be a big boost for cryptocurrency.
Some information flying around said less than 50000 bitcoin was involved in the selloff, another said most of the selloff involved traders with less than 2 years in the space. If these information is true then the price of the coin can still be managed through the halving and stay above $5000.
There is no proof to such claims. What wallet is moving coins and whether they are being sold for fiat or moved to other currencies is never in the knowledge of financial advisors. They just predict based on what they already know and imagine to be true. Maybe it is true, maybe it is not. But it that important for traders? Yes if you are bullish you will buy coins when it dumps.Quote
Pandemic will be over soon, Johnson and Johnson had a breakthrough with the disease but promised the first test around September.
More propaganda there. Pandemic will be over, correct but FMCG sectors will be growing but not one specific company.Quote
I believe this could get the space back by the end of the year towards $15000 consolation.
Not a very evidence backed information though. Price could go up well and good but reaching 10k and crossing that is a bit long shot right now. Some information flying around said less than 50000 bitcoin was involved in the selloff, another said most of the selloff involved traders with less than 2 years in the space. If these information is true then the price of the coin can still be managed through the halving and stay above $5000. Pandemic will be over soon, Johnson and Johnson had a breakthrough with the disease but promised the first test around September. I believe this could get the space back by the end of the year towards $15000 consolation.
That's really a wishful thinking since we are still seeing people inside the market who are still trying to workout inside this industry, to those who are able to hold and try to keep their assets inside their wallets, hoping that after this pandemic virus everything will be back to normal and the price will push back to a good price.If money is not an issue then don't bother yourself to sell off keep your faith alive that after this bitcoin and other alternative projects will rise back to the moon.
Some information flying around said less than 50000 bitcoin was involved in the selloff, another said most of the selloff involved traders with less than 2 years in the space. If these information is true then the price of the coin can still be managed through the halving and stay above $5000. Pandemic will be over soon, Johnson and Johnson had a breakthrough with the disease but promised the first test around September. I believe this could get the space back by the end of the year towards $15000 consolation.
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...
All of my friends did not sell theirs, I too but i sold a little portion because of the corona virus outbreak, I cannot sustain food water and electricity with this lockdowns.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...
But im accumulating some when i have extra fiat, I did not panic selling im used to this ups and downs and i regret nothing selling low, I will buy back that later when this scenario recovers.
If you don't need funds to support your self and your family you are better positioned against others. If you are able to ''forget'' the invested capital for some time you are already a winner. History shows that even you you buy at the top of every cycle, you will be a winner sooner or later.
Imagine someone who bought American stocks in 1929. If he was able to keep them until 1951 he would be a winner. If we put dividends in the equitation he would be a winner much earlier.
Of course, if someone buys near the bottoms, he will enjoy profits much earlier.
Imagine someone who bought American stocks in 1929. If he was able to keep them until 1951 he would be a winner. If we put dividends in the equitation he would be a winner much earlier.
Of course, if someone buys near the bottoms, he will enjoy profits much earlier.
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.
That is what a major cryptocurrency experienced person would do in crisis like this where market seems to go down.
We should be used to the market and its condition, it is quite normal for volatility to occur sometimes, or most of the times. So far so good, my decision about hodling bitcoin and even buying more of it is the best decision I consider made in the beginning of this year. Unless, if I badly need fund to support myself and my family, that would probably the reason I will sell.
I didn’t know how many people are selling it. As far as I know, Yes, many people now are selling their bitcoins at a cheap price, because when the pandemic coronavirus started and many countries have been affected on it. The bitcoin price also affected on it, that’s why the it drops at almost 5,000$. That’s why many people are selling it, as we noticed it is a wrong strategy because they not reflect on the situation that we experiencing it that all things are just happened.
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