Topic: I Love To See People Panic Selling Of Bitcoin - page 5. (Read 1114 times)
To be honest it's interesting to watch, people who panic and sell bitcoin, they face will look confused and disappointed. It's just that it's for people who are not consistent with what they've started from the beginning. Many remain consistent on their principles and the evidence is that they succeed in getting profits. However this Dip does happen for quite a while, but look at how the economic conditions in your own country must have happened Dip that resembles what happened to bitcoin market.
Me too. It just shows the weak handed investors are exiting the market and making way for the actual strong handed investors to remain and make profit from it. Most of the people panic selling are those who thought that bitcoin will make them millionaires overnight so now they are scared that they will lose all their money so they better get out while they can. It's not any loss to the market, the market will recover even stronger. 
I know there are people get their profit now, they bought their bitcoin on very cheap price and as the bitcoin's price go high there are many dumping their bitcoins. However new investors of bitcoin or should I say newbie on cryptocurrency are panic selling their bitcoin in the mere fact that they bought on ATH all time high price, I love to see that they learn and this is how we welcome all the newbies. Welcome to the cryptocurrency!!! Always learn from the mistake, that's the best strength we can get after losing, that's where we all started.
Its funny how people would react to bitcoin's decreasing price. They are not thinking what would happen next if bitcoin is in the cheap price, they don't think the opportunity right after a deflation, but sometimes the dip on coins price is the whales and institutional investments that is being pulled off. Just sit and wait for bitcoin to boom again this year, it excites me.
Dan Morehead, the head of Pantera Capital, a company that deals with professional investment management, urged people not to panic during the last correction in the market. Dan also predicted the revival and the beginning of growth in the bitcoin market, referring to these events by the end of February (as we see, his forecast came true even with some anticipation):
"Yes, we are aware that the bitcoin market is speculative and highly volatile. The loss of a 64-percent share of the highest achieved bitcoin price is consistent with the average decline shown in previous bearish cycles <...>. It remains to wait about two weeks, and after stabilizing the market, bitcoin will start to grow. "
Morehead also spoke about the global future of crypto-currencies:
"Institutional investors are now showing great interest in buying crypto currency," Dan said. - As a matter of fact, кpиптoвaлюты represent almost "nobody" active with capitalization nearby 0.5 тpлн. dollars. This situation is very unusual, especially since the correlation with other financial assets does not exceed 0.1%. Investors' portfolios are filled with bitcoins is far from complete. "
"Yes, we are aware that the bitcoin market is speculative and highly volatile. The loss of a 64-percent share of the highest achieved bitcoin price is consistent with the average decline shown in previous bearish cycles <...>. It remains to wait about two weeks, and after stabilizing the market, bitcoin will start to grow. "
Morehead also spoke about the global future of crypto-currencies:
"Institutional investors are now showing great interest in buying crypto currency," Dan said. - As a matter of fact, кpиптoвaлюты represent almost "nobody" active with capitalization nearby 0.5 тpлн. dollars. This situation is very unusual, especially since the correlation with other financial assets does not exceed 0.1%. Investors' portfolios are filled with bitcoins is far from complete. "
They say people always learn new things the hard way, but sometimes it is not easy to make it with cryptocurrency cause there is so much volatility. The market volatility is what makes the market unpredictable. Sometimes, I even ask myself why am I into cryptocurrency when the market takes a dive because it is very painful to see the market is going down with your money.
I do not think it is necessary to think that if you go to most of the people who enter Bitcoine or go to battle, there is no need to think like this. Bitcoin is patience and you have to wait and see. So if you wait for direct ceiling in 1-2 days.
Only those who are not business oriented engage in panick selling, if you can predict market very well,and business oriented, no need of predict selling, you need to know the time to sell your bitcoin and time to buy bitcoin.
I'm a bit sad I didn't sell off my little bit of BTC. I moved from ETH to BTC, set a buy order on the low side and watched BTC climb and ETH go down - eventually going under my low buy order (but I had canceled it) I wanted to move, but figured - Eh, I'll ride it out and keep BTC for a while.
Turns out, if I had trusted my gut, I could have made a decent little profit in ETH, and rebought into BTC now that it is dipping. Oh well.. I think I'll still hold BTC for the time being. We were all expecting this pull back. I think things will settle down, then BTC rockets back up to 20K.
Turns out, if I had trusted my gut, I could have made a decent little profit in ETH, and rebought into BTC now that it is dipping. Oh well.. I think I'll still hold BTC for the time being. We were all expecting this pull back. I think things will settle down, then BTC rockets back up to 20K.
I also loved seeing people that are now panicking but back then they are so happy to bought some bitcoin at their bought price and thinking that it was the best deal for the investment in bitcoin because they thought that it was the low and the most dip that they can grab but they didn't know that the bearish market is just getting started and now it is hitting them hard and it is already effective to see most of the investors are selling off that is pushing the price of bitcoin to go even lower.
Buying when the market is nose diving is for the mature ones in cryptocurrency. Those newbies who have good guidance or have studied cryptocurrency well before investing also buy when the market is down.
This story of panic selling repats all the tme but this actualy doesn't make me happy. This does no good to the market and to the price and over and over again I have the feeling that people are not learning anything form the past experiences.
Also, we see that market is changing quickly, price can go up or down in a moment and just the few hours that you sell the price bumps up again ad you are sorry. People, don't make decisions with your heart but with your head.
Also, we see that market is changing quickly, price can go up or down in a moment and just the few hours that you sell the price bumps up again ad you are sorry. People, don't make decisions with your heart but with your head.
I know there are people get their profit now, they bought their bitcoin on very cheap price and as the bitcoin's price go high there are many dumping their bitcoins. However new investors of bitcoin or should I say newbie on cryptocurrency are panic selling their bitcoin in the mere fact that they bought on ATH all time high price, I love to see that they learn and this is how we welcome all the newbies. Welcome to the cryptocurrency!!! Always learn from the mistake, that's the best strength we can get after losing, that's where we all started.
I have to agree with what you say.
and now the bitcoin falls back, if an investor wants to cover his losses, it means he has to speculate sell or buy again with a sizeable amount.
I believe bitcoin will survive and able to grow again in the next few months.
now selling its not panic as i think everyone know that bitcoin price is going to 0 $ yes as you hear it 0$ i wish it dont but thats a reallity :/
What? Why do you think so? Death of bitcoin means end of all the crypto. Don't be ridiculous! It’s just a big dump. Soon it will stop. Whales also need to purchase crypto.
None of this should be surprising, given how our traders like to "push the panic button". Largely speaking, it's their right.
In my opinion this is actually very unfortunate. because the more days the coin price decreases. I also ask if the price will go back up at any time. And we all certainly do not know what will happen in a few months. Is it really the same as last year?
With bitcoin you have to be patient a lot because it fluctuates so it keeps increasing and going down too so if you panic selling you will only get a little bit.
In the long run they will realize that they are wasting a lot of money if they do panic sales because it is so bad.
You can do without losses if you do not believe all the negative news, and do not give in to emotions. This forum can really help if you read the feedback and recommendations of more experienced users. No need to panic!
I know there are people get their profit now, they bought their bitcoin on very cheap price and as the bitcoin's price go high there are many dumping their bitcoins. However new investors of bitcoin or should I say newbie on cryptocurrency are panic selling their bitcoin in the mere fact that they bought on ATH all time high price, I love to see that they learn and this is how we welcome all the newbies. Welcome to the cryptocurrency!!! Always learn from the mistake, that's the best strength we can get after losing, that's where we all started.
I love to see it too because they are losing their money but the thing is when they are selling their bitcoins we are also gonna be affected because the bitcoins orice in the market are depending on what will be the behavior of the majority of the people using it. So if the people sell it and a lot of people panic seeling today the price of the bitcoins will go in a down fall so our holdings will also be on a huge drop so as much as i want to see them losing money and me i am gaining. When the bitcoins fall i will be the one who will be affected so i just inform them not to panic sell.
listen its good for some one its bad for some one . if you see last 1 year i mean 2017 april in that time btc price may be 1300$ or 1400$ so right now price all most 7 to 8 times high so thats the fact . its good time to make money to buy btc and hodl few month and then sale.
I won't say I am happy when a newbie loose money. Everybody wants to earn money nobody wants to loose its hard earned. I would say newbies should not be enticed by the experienced traders because they learn the trading they give the time to the market and learn the essential things so that they will not loose money and if some people are here bought bitcoin at ATH they do not need to worry they should have patience hold the coins for long term hopefully they will also earn profit but it will take time. Those who are panic selling will repent in future actually they need some experience so they won't do such mistake in future again. One needs to be consistent on demo trading then he should try live trading. Do not start investing on others signals.
I know there are people get their profit now, they bought their bitcoin on very cheap price and as the bitcoin's price go high there are many dumping their bitcoins. However new investors of bitcoin or should I say newbie on cryptocurrency are panic selling their bitcoin in the mere fact that they bought on ATH all time high price, I love to see that they learn and this is how we welcome all the newbies. Welcome to the cryptocurrency!!! Always learn from the mistake, that's the best strength we can get after losing, that's where we all started.
For me, it is strange thinking, but when you said, it is welcome for newbies then i agreed with you. But good trader never feel panic, and it is a quality of trader when we do trade without panic and deal with patienter. But majority of newbies trader are doing it, they feel panic in a day and then they sell their coins and sometime they sell their coins in a loss. So it is also strange that we are welcome for newbie in trading and usually newbie are selling their bitcoins because of panic feeling.
It's normal when people are newbie to have panic and fear about the market. It's something new for them and they fear to be scammed (many people have already been scammed in the past on the internet) or lose money. But it's never too late to start again. They can have some losses, but sooner or later they will have to enter the market again, and it's better they watch the prices to do this on the right time.
it remains to be seem if this is a temporary dip or part of a pattern each year, I have to admit though we thought it would hold above $8k not dip much below!
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