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Topic: Learned so far, never sell Bitcoins out of panic in a dip! - page 2. (Read 382 times)

hero member
Activity: 1022
Merit: 503
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed

It seems that you're just new here and don't have any idea how bitcoin behave for the past few months that if bitcoin had underwent some dips then expect a rise afterwards. This has been the scenario every now and then so there's nothing to worry about. Hope OP learned his lesson and simply charge to his experience.
full member
Activity: 445
Merit: 100
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed
This has been discussed for years that we should not sell whenever its market value is falling since like what usually happens, its narket value eventually rises after the downfall. Also, we should not be surprised with the backdrops since Bitcoin is volatile in nature so backrops should be always expected. Just Hold.
hero member
Activity: 1372
Merit: 503
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed

That is actually one that is a very hard thing to do especially if you are seeing bitcoin prices go lower and lower it tests everything that you have and it is also sending you messages that this kight be the time that bitcoin ends and fortunately it always bounces back
legendary
Activity: 1932
Merit: 1273
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed
Yes.Bitcoin is a highly volatile currency.Its price either increases or decreases with demand variation.Its quite natural that newbies who actually don't know the price history of bitcoin would get panic.
I believe not the only newbie who get panic, sometimes we who already have a little bit experienced about it sometimes we get panic. Its a good thing for OP to learn from other people mistakes. But I doubt people will not panic when Bitcoin does the correction, I mean the recent prices surges are really high and fast, that means the correction is will vice-versa and the panic seller could help it to be a nastier correction.
full member
Activity: 224
Merit: 101
yep, at the first sight of dump do not panic sell but be ready to buy if you have money to invest.
Many sellers (casual especially) as soon as they see the price dropping they sell immediatly to stop their loss without thinking it will go back at full force in a bit.. use your brain while trading, ignore your emotions!
hero member
Activity: 952
Merit: 500
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed
Yes.Bitcoin is a highly volatile currency.Its price either increases or decreases with demand variation.Its quite natural that newbies who actually don't know the price history of bitcoin would get panic on seeing such a huge dip in bitcoin price.Adding fuel to the fire,big whales try to spread FUD to make newbies panic and just make them weak hands and buy bitcoins at very low price.Later,newbies regret for their decision.Since bitcoin is an ever growing market,new investors continue to enter the market and buy bitcoins.That gives the big whales a continuous crowd of panic sellers.
member
Activity: 228
Merit: 10
You know, a commodity is never the highest and the lowest in the stock or futures market. Set your plan, get to the profit point and end up at a loss point. Investing is a very simple thing, and the key is to overcome your heart's greed and fear.
full member
Activity: 462
Merit: 100
MYCRYPTOBANK.IO
for me when bitcoin enters the dip, it means buying signal.
buy low sell high Cheesy
hero member
Activity: 756
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
Having calculated the BTC unpredictable price you've really gotten it so far 'cause seeing the upcoming move doesn't that easy. Maybe hold it for some time and it will lead us to our financial problem solve.
Just keep the coins in the wallet for a little while longer, you will forget that you have them if the price gains get boring.
legendary
Activity: 1372
Merit: 1123
This is a very expensive lesson to be learned as soon as possible when you want to get involved with bitcoin; if you are somebody that cannot stomach knowing that the price is very mobile and constantly going up and down (more up than down, though) then maybe holding coin isn't for you, but I promise you're going to miss out; the best thing to do is to just learn your lesson, don't make the same mistake and more importantly do not make another mistake trying to do something "clever" to "fix" your mistake. You will end up learning another important and expensive lesson about mixing finances and emotions.

I've learned a few million dollar lessons in my life and most of them have come from bitcoin, long story short, hold onto your coins and ignore everything that you hear when it comes to panicky people making frantic decisions.

Did you end up selling all your coin at $16,000 or so and now you're freaking out about $20,000? I've had those days, they will come and go, just ante-up and get back in there before you regret letting it beat you out of the game!
full member
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
Having calculated the BTC unpredictable price you've really gotten it so far 'cause seeing the upcoming move doesn't that easy. Maybe hold it for some time and it will lead us to our financial problem solve.
hero member
Activity: 490
Merit: 501
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed

I am sure that getting that one lesson can sometimes be costly. Based on my own experience and that of other people, getting into the panic mode can be costly! I once converted my Bitcoin into fiat money only to realized that after some hours the value of Bitcoin had already surged. That was one big costly lesson that a newbie like me had to undergo just to get familiarize with how Bitcoin can be volatile. In Bitcoin what usually came down can also go up and of course, vice versa. When analysts and experts are saying that the trend is upwards, please believe them even if Bitcoin will be having the necessary corrections. Those who have the "weak hands" will have to bear their tuition fees in the school of Bitcoin. One thing more is not allow anyone dictate your own decision -- do it by yourself based on the information you gathered and sometimes just based on your hunch but please no panicking. Panicking is the culprit here and one that can send you to hell. Just kidding.
AGD
legendary
Activity: 2070
Merit: 1164
Keeper of the Private Key
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed

Kudos for seeing Bitcoin as female. BTC
newbie
Activity: 6
Merit: 0
just calm down if bitcoin diping it would be bounce back and break ATH again  Wink
full member
Activity: 420
Merit: 100
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed

it's best if you get stuck at a high price then wait until the price goes back up or you also invest in the existing altcoin to add the total bitcoin you have, do not sell your bitcoin at a cheap price if you do not want to get a loss.
full member
Activity: 882
Merit: 126
★777Coin.com★ Fun BTC Casino!
Learned so far, never sell Bitcoins out of panic in a dip! She keeps bouncing back and beyond! Lips sealed

Yeah,you are right we don't have to sell our bitcoins when there is a price dip because it will recover from it soon.I think it os better to set a goal of when we have to sell our bitcoins like when reach certain price so it will help to avoid these kind of situation and just stay focused on when we have to sell.
member
Activity: 406
Merit: 20
the important thing to remember in an investment is to learn how to find the balance between selling/buying/holding. because you need to do all of these to be successful.

when price goes up, it will come down. you can see that all over the charts and it takes a while before it stops and reverses. one of the ways to increase your investment is to sell before the dip and buy back in it.

and before is not that hard to recognize. just look at how much price has dropped from the top. if it is bigger than 15% it is already late.

Aside from this fact, if any of you have noticed, everytime there's a fork specially hard bitcoin fork, bitcoin's price tend to dip. I think noting the specific dates of incoming fork will help you alot in deciding whether to buy or sell bitcoin. However, the decision is not mine to make. It is still in your hands, sometimes it's good to trust our instincts rather than the fact that is in our hands.
Good luck!
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
the important thing to remember in an investment is to learn how to find the balance between selling/buying/holding. because you need to do all of these to be successful.

when price goes up, it will come down. you can see that all over the charts and it takes a while before it stops and reverses. one of the ways to increase your investment is to sell before the dip and buy back in it.

and before is not that hard to recognize. just look at how much price has dropped from the top. if it is bigger than 15% it is already late.

This right here, people seem to forgot facts like this. Bitcoin can't keep going  up forever, and you won't continue to be making money if you just keep buying.

People must also now that even though that they may have missed out in making money at this price by selling early, they must remember the money that they made by selling at the time they did. Sadly you will always miss out on things in life, it's not worth sulking while you can be researching the next HIT.

I missed out on a lot too, sulked for sometime and found out how useless it is to do that.
jr. member
Activity: 75
Merit: 2
Who knows, you might have done the right thing if it happened to be a real crash. We can never really predict the direction of BTC, what you can manage are your losses.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
the important thing to remember in an investment is to learn how to find the balance between selling/buying/holding. because you need to do all of these to be successful.

when price goes up, it will come down. you can see that all over the charts and it takes a while before it stops and reverses. one of the ways to increase your investment is to sell before the dip and buy back in it.

and before is not that hard to recognize. just look at how much price has dropped from the top. if it is bigger than 15% it is already late.
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