Topic: Market Panic can drive BTC prices Lower - page 3. (Read 4205 times)
legendary
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Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
It seems that the news about japan accepting bitcoin as legal tender doesn't spread that much thus people don't get informed about it and not really affecting the market that much. Although we can't expect anything from this news and it's just a good news about bitcoin. And the panic selling was actually a cut lose which were done by so many traders and always occur in every significant price decrease, nothing new here.I have made most of my money on the fear of others. It really is my main strategy. Buy when there is "blood in the streets", sell when everyone is celebrating a rally. 
http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp
http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp
I buy low and stay invested, keep buying whatever I can on every significant fall. BTC has a solid foundation and long term prospects are good. My volumes are low though, due to lac of capital at the moment.
the market is too influenced by some of the behavior of traders who sell bitcoin in number very much.
they scare others and advised to sell bitcoin at that time. whereas if we are more patient we could get better results.
This makes sense. We should be patience of the rising value of it, because when we sell the bitcoin the demand goes down and the people behind bitcoin will make it more lower the value or price of it. So let us think wise on making this thing to happen, we are the one who is truly affected by this scenario. they scare others and advised to sell bitcoin at that time. whereas if we are more patient we could get better results.
Japan's accepting Bitcoin as legal tender is a great step in the Bitcoin market. But it is true that due to the panic the rate of Bitcoin will be fluctuating more than normal.
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
That's the whole point, we don't know what they plan to do. That's why you should be preparing for whatever happens in the way that you have enough coins for when the price goes up, and enough fiat for when the price goes down. If that's all set up well, then you're ready for whatever is going to happen. For now I don't expect much difference with how the price has behaving last days as the market seems calm now. I like this "stability".
the market is too influenced by some of the behavior of traders who sell bitcoin in number very much.
they scare others and advised to sell bitcoin at that time. whereas if we are more patient we could get better results.
they scare others and advised to sell bitcoin at that time. whereas if we are more patient we could get better results.
There are always sheeples in Bitcoin economy. If they saw some huge volume is selling, they also sell theirs making the volume more bigger and then suffer a crash. And when people are buying and saw that the price is rising they will have this FOMO and buy bitcoin making it form a bubble driving bitcoin price goes up rapidly. This is the normal flow of market. And yes Market Panic is always dangerous because it can get the price lower creating more panic until it won't go down anymore. And left are those who are brilliantly trading taking advantage of this panic selling.
Have it seen it jump over it's price just to go back down. It has been doing this all day since I went to work until I just got home.
If it is from all the selling off thats been going on all we can do is just wait until it stops.
some times when the price of bitcoin goes high, and after that when the market take a little correction, people start selling as they consider it as a big crash and panic like situation accure, and the price of bitcoin fell down in minutes. i think the trader should now become mature and they should try to hold their bitcoin in suck kind of situation so that the price of bitcoin do not fell down so much. If it is from all the selling off thats been going on all we can do is just wait until it stops.
Fluctuation in the market is healthy and we cannot get afraid of it, this daily fluctuations are caused by day traders who wants to clear the position on the same day whether it is profit or loss and on that basis some weak hands seeing the selling high just get panic and they also jump on selling side. But even then the market jumps back. for long term it is very good to hold it as very soon we are going to see the next high price of bitcoin
Have it seen it jump over it's price just to go back down. It has been doing this all day since I went to work until I just got home.
If it is from all the selling off thats been going on all we can do is just wait until it stops.
some times when the price of bitcoin goes high, and after that when the market take a little correction, people start selling as they consider it as a big crash and panic like situation accure, and the price of bitcoin fell down in minutes. i think the trader should now become mature and they should try to hold their bitcoin in suck kind of situation so that the price of bitcoin do not fell down so much. If it is from all the selling off thats been going on all we can do is just wait until it stops.
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
Yes, after seeing sudden fall from $1150 to $760 levels, bitcoin whales may start think about booking profit when they will be getting $1000+ price levels next time. Fortunately we still could have faith on them as they usually do not want to collapse image of entire bitcoin systems. I mean to say they have not got panic as they would have come across many down fall bigger than what we had in first few days of 2017.
Have it seen it jump over it's price just to go back down. It has been doing this all day since I went to work until I just got home.
If it is from all the selling off thats been going on all we can do is just wait until it stops.
some times when the price of bitcoin goes high, and after that when the market take a little correction, people start selling as they consider it as a big crash and panic like situation accure, and the price of bitcoin fell down in minutes. i think the trader should now become mature and they should try to hold their bitcoin in suck kind of situation so that the price of bitcoin do not fell down so much. If it is from all the selling off thats been going on all we can do is just wait until it stops.
I agree that many users have paniced recently and that their behaviour could influence the market. But it seems that this panic has stopped a bit and that their overall share in the market behaviour is not that big they could influence it significantly. But I'm a little afraid how big players on the market will behave in the next period, that could be crucial.
the market is too influenced by some of the behavior of traders who sell bitcoin in number very much.
they scare others and advised to sell bitcoin at that time. whereas if we are more patient we could get better results.
they scare others and advised to sell bitcoin at that time. whereas if we are more patient we could get better results.
i am agree that if market got panic then it can make btc prices is going to lower than before and this is happen for now. i see that people is getting panic when they see the price is getting down and they think that its hard to gets up again, but i think its normal to see the down and up for the price and i am sure that the price will be back soon, its just a matter of time for us to wait.
But quick bouncing back is the scenario we can see so often with bitcoin prices and it is happening this time too. I guess the panic selling got over once Chinese market's new regulations on bitcoin trading. If we are not having heavy manipulating then we can expect prices to stay stable.
Even panic selling is also part of trading, it will not sustain for long and with bitcoin trading too it is true.
There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic.
//alex
Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered.
Couldn't have said it any better sir. Only people who bought bitcoins in expectation of easy profit would be bothered with a sudden plunge. If you're someone who started cutting out on expensive coffee and used the money saved monthly to buy bits you really wouldn't be panicking since it's money you would have lost anyway. Selling out after the initial recovery from a plunge IMHO is foolish... it's already rising, why take it out? Might as well just leave it in there.
Actually one more think they can do is split buying if you split your investment portfolio and have bought like only 20% of your investment on high price then on all down fall you could have bought more in 20% split like this your buying price will also come down and if their is any uptrend then you can sell your investment in profit on bounce back of bitcoin price.
This panic selling caused by the traders who have bought in one shot of their investment and now seeing the 20% and more loss they are felling afraid.
There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic.
//alex
Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered.
Couldn't have said it any better sir. Only people who bought bitcoins in expectation of easy profit would be bothered with a sudden plunge. If you're someone who started cutting out on expensive coffee and used the money saved monthly to buy bits you really wouldn't be panicking since it's money you would have lost anyway. Selling out after the initial recovery from a plunge IMHO is foolish... it's already rising, why take it out? Might as well just leave it in there.
There is no reason for panic or panic selling. It's true that many Bitcoin holders have fear that the price would go down more deeply so they will sell which can lower a price for a bit more. But now isn't moment for selling, the head shor be kept cool and wait for this correction of price to be over because soon Bitcoin will be back on the way up.
If one has invested some decent amount of money at let's say 1050 US$ and saw the movement after it bounced at the ATH, I totally understand that this guy was in fear and did panic selling. If one loses 20% of his investment within 4 hours, I understand anybody selling off any asset in panic.
//alex
Anyone would worry if someone bought at $1100 in a huge volume and then after one day price goes down at around 20%. It is not normal so the first thing in mind of this person would be selling at the next increase to cut the losses. But people who are in for the long run really would not be bothered.
Couldn't have said it any better sir. Only people who bought bitcoins in expectation of easy profit would be bothered with a sudden plunge. If you're someone who started cutting out on expensive coffee and used the money saved monthly to buy bits you really wouldn't be panicking since it's money you would have lost anyway. Selling out after the initial recovery from a plunge IMHO is foolish... it's already rising, why take it out? Might as well just leave it in there.
i am agree that if market got panic then it can make btc prices is going to lower than before and this is happen for now. i see that people is getting panic when they see the price is getting down and they think that its hard to gets up again, but i think its normal to see the down and up for the price and i am sure that the price will be back soon, its just a matter of time for us to wait.
Yes market panic weakens the bitcoin progress, but at each and every time, bitcoin recovers from it. Mostly, panic selling occurs due to traders who are new to bitcoin.Big whales sell huge volume of bitcoins to make price fall and new traders get panic that price would drop more and start selling their holdings. Whales use this opportunity to rebuy btc at much less price and gain huge profits.
Sometimes this scenario happens, the pump/dump scene. Weaker hands tends to sell when price is diving and this is an opportunity for season trader to buy one.If more people are in panic mode, it will really pull the price down.
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