Topic: How to Stop New Trader from Panic Selling? - page 2. (Read 1387 times)

You don't get to sell twice, when you sell and the market moves then moves against you.

I think as well that this is a process people have to go through when they start trading.
People experience an unfortunate situation (bitcoin loses value, they lose money) and they want to get out of it.
The fastest way to stop losing money is to sell.
And with their lack of experience they don't see that after bitcoin has fallen, it has recovered every time.
With time they get used to the fact that the price does not always go up. They stay calmer.

I agree with what you said, truelly they are new opportunist, they don't know how trading works, they sell at most times not with panic but for their own wants.

The amatuar or new traders should be allowed to lean they lesson in cryptocurrency trading through experience and sacrifice. Panic is the greatest enemy of every new traders and the only way to killed it completely is through experience. Many new traders that buy bitcoin at $4600 sell it at $3000! Time will come in they trading life that they will know that the principle of successful trading is buy at lowest price and sell at highest price and not the other way.

There is a default code that when you entering into a new line of trade or business, there is need to understand the proper code of conduct as what is applicable in some other places, could be an abomination is another sphere.

This is clearly to new traders to always do their research well before going into bitcoin in which if they had done, there wont be need for the cry of panic trading at the end in the process of being smart, they are actually taking a less smart decision which makes more money for those already in the game but the  part that got me worried, is that only few stay long enough to understand the cost of their decision.

There is hardly nothing to be done since we cannot control the media, neither can we stop people from posting several FUDs but what we will do is to always encourage a proper understanding of how bitcoin works before delving into it.

For brand new people I would suggest that they use something where they have nothing to lose like a bitcoin faucet.

The super old investors I think will continue to hold for similar reasons compared to newer people...they got in for pennies on the dollar.

It's the mid term/ risky/scared people we're worried about. I would say remind them of the benefits. Bitcoin is a closed finite resource that will only get more rare. Many of the people hating on it are at the same time buying into it so they want the price lower. The premise of bitcoin is in fact not to get rich. The list goes on.

I think we really can't help newbies to panic its normal for them to do that especially when they think that they are already losing money. Panic selling when you're a newbie is part of the game that is why people love to create FUD to attract newbies and let them panic.

No one can stop the trader from selling off his stash of coins. The only thing we can give them is advise. But if they are really stubborn and wish to panic and sell because they see that their investment is going down. Actually, during panic and dipping of price, is it much better to buy instead of selling.


Exactly. It creates a perfect opportunity to new investors to enter the market to buy cheap coins. That's why I said that its better to buy then sell during panic. And its a hard lesson for newbies who have sold and later the price recovered regretting their decision. And next time when another panic occurs, they wouldn't make the same mistakes.

I don't like the notion of being a "believer" because it makes bitcoin sound like a cult
in any case I actually find panic selling a good thing. because of two things, one is that when they panic sell and price comes down, it creates a good opportunity for the rest of us to pick up some cheaper coins and make a good profit and also I like it because it cleans the market from weak hands which is usually called "shaking them out". it makes them go away or learn from their mistakes. in both cases it will be good for the market.

they are not strong believer
leave them alone

We can not control people from selling their bitcoin it is their own decision and belief and that is their bitcoin, but we can surely put a good fight with this by just posting only positive things that may happen to bitcoin because right now the price drops a very significant price a very huge price to be exact, Predicting this kind of drop was very crucial, but we can surely see it in the news right now.

Honestly this time, most of the bitcoin user is packing cause of dumping of bitcoin price. China is one supplier of bitcoin and now bitcoin is banned in china, this will the reason why we are panicking, and for me to avoid that emotions we need to think. Think that the price now is high compare when it started. And I will advice that much better to earn a bitcoin to avoid losing some money/capital. Like others that wants to earn a bitcoin instead of buying bitcoin to avoid panicking for our money.

all will end when the issue that destroys the bitcoin price is lost. because I think the person who made the issue is smiling while accommodating the bitcoin price at the low price. the panic will be over soon after the issue is gone, all we have to do is calm down and nothing else.

with time they will learn their loss and then they will not do that again in next panic

I guess there is no way of stopping news from spreading, and with that stopping a panic sale. Even people who know what bitcoin is and how it works would sell if they see they will lose from investment, and return if everything calm down after sometime. People who know what bitcoin is and how it works, they will know what to do, and which situation is which. They will understand what is going on, and from there they will decide what to do.

If he was an old trader he would understand crypto games but if a new trader just did from the information he got on some web. And when want to make traders stop panic sell is to convince them that crypto is high potential (if they are new traders) Make sure they do not always believe in an uncertain news

yes because they dont know much about crypto at earlier stage.

why would you want to do that? there are always going to be newbies who will have weak hands and because they want to believe what they read on shit-posting websites and will never believe anything else.
besides nobody in this market wants them gone. do you know how much money people made in the past few days that those newbies were panic selling at a loss? not to mention the hungry whales that will buy at the bottom and become bigger.

just take their coins and let "them" buy back at a higher price later. it is not like we are going to have more bitcoin than it was planned! the cap is fixed


physical bitcoins

https://en.bitcoin.it/wiki/Casascius_physical_bitcoins

For new traders,what they need to do is to educate theirselves first, it seems that most new traders don't have any clue on what thry got themselves into, it is not like a walk in the park, this is investment, the higher the risk, the higher the volatility, the higher the reward and it comes with a double edge sword, it can also give you a great loss of income, they should realize by now that it is not easy investing, you need to be technical sometimes and not just go with the flow of things, like, when then value is going down, you sell due to panic, when the value is going high, you start to buy, that's just craziness, if they have done their studies, by reading more about investments, speculations and not just listen to personalities, whom they think are all knowing, they will also realize that their ignorance is very expensive. This temporary downfall has a positve side, we will see that bitcoin will still recover from this, and especially, for us, who have trusted bitcoin, we know that bitcoin will rise to the occassion and again give us additional hope, and funny thing that i've read on the threas which is true, times like this, we would see a clean up of investors, but not newbies, but we will see those who have weak hands, those people that sell out of panic, and the real investors, those people that knows the flow of the market and what to do on times like this, that usually takes years of experience and a lot of books that have been read, which is sad to say, new investors today are lacking.

We are in an open market...freely they come freely they go. When the whole market is in panic there is nothing we can do to stop it and just ride it out or wait when things would cool off and the potency of those news would subside. Reaching out to those in panic will not do anything to stop the carnage...the more they will panic when they are requested not to. This is all about that fear of losing everything. Will the future of Bitcoin still rosy after this gloomy incident happening right now?