Market Panic can drive BTC prices Lower - page 5.

justdimin

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Quote from: spiritglove on January 06, 2017, 02:53:23 PM

I know we are currently seeing the fall of coin prices, and many of us may think to get out while the getting is good. Well if you need the money, I guess that is understandable. However if your in it for the investment, and you can hold your ancie pants together during the drop. I don't need a chart to tell you that Bitcoin is on a continuing upward trend, in spite of coin price drops.
Panicking and selling off not only hurts your longterm investment, but breaks the market down also. I know speculators that just made hefty purchases at high prices are losing,

Don't panic there is a way to recover the loss

There are currently two forces which are driving bitcoin market price levels lower : one is profit booking from long term bitcoin holders and the second is obviously panic selling from both short term and long term holders.

I am afraid as long as we are not getting new investors and new bitcoin adopters, this trend may persist. Because no one will be buying when they are seeing continuously falling prices. Moreover we now need a strong pump to gain back the trust on bitcoin price level among all types of investors.

HaXX0R1337

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Quote from: angaper on January 08, 2017, 01:35:54 PM

That is why psychology plays an important role in all financial issues. Trying to foresee the future market moves is always a hard work, but only with a strong control of our mind and emotions we can stop our impulsive decisions to stay away from markets and wait patiently the right time to buy or sell, without influence of emotions or panic.

Emotion do play a major share in all the markets because you really do not want to see your hard earning money to be shredded in value and so everyone hops into the market to decrease the amount of loss occurred and buy back leveling the position at a lower rate.This is quite normal and expect these sort of panic sells which drives the market .

angaper

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That is why psychology plays an important role in all financial issues. Trying to foresee the future market moves is always a hard work, but only with a strong control of our mind and emotions we can stop our impulsive decisions to stay away from markets and wait patiently the right time to buy or sell, without influence of emotions or panic.

ultrloa

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Quote from: Oilacris on January 08, 2017, 06:09:17 AM

Quote from: bitbunnny on January 07, 2017, 05:35:18 PM

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.

You could easily say that because you do have a good self control and limiting your temper but we all know we are not the same and people do have different perspective and targets thats why panic selling would normally happen in bitcoins price movement.People would surely panic because they are afraid to lose money and those people are those who are newbie on trading industry.

Well the real scenario is when people see some massive price breakdown they will intend to sell their coins since they arr afraid to lose some money from its downward movements, and i admit that i am the one of those seller, im securing my money and i don't want to get minus of profits so thats why i can say that others sells it to surely, but let the faith tells on when would the price drop since we can't stop people to dump their coins.

Oilacris

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Quote from: bitbunnny on January 07, 2017, 05:35:18 PM

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.

You could easily say that because you do have a good self control and limiting your temper but we all know we are not the same and people do have different perspective and targets thats why panic selling would normally happen in bitcoins price movement.People would surely panic because they are afraid to lose money and those people are those who are newbie on trading industry.

Dudeperfect

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If someone is here just make quick money then there is maximum risk for him but if someone is considering long-term picture then he must be buying bitcoins with some intervals even in falling price because we know the potential of bitcoin and in the long run $1K would be the basic price of it so anything below $1K is worth investing in my opinion if long term is considered. Nothing to panic even in decreasing price scenario.

iamTom123

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This is a very educational advise especially for newbie Bitcoin holders like me. The market can sometimes be driven by fear when things can go down and greed when things are going up. Fear and greed...how we can manage both can help us be a good Bitcoin investor/holder/speculator.

And true to form, even with the downtrend that happened two days ago, Bitcoin is again on the rise and may even go down a little bit due to some cashing in but the trend for this cryptocurrency is set upswing. As they say, look for the long-term and not just the short-term problems.

ArdiPrabowo

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yesteday bitcoin price is crash
down price, because much people panic selling, until reach 800 dollar/bitcoin
but today market is normal bitcoin price is table in 900 dollar/bitcoin

cryp24x

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Quote from: trigger1975 on January 07, 2017, 05:48:45 PM

Quote from: bitbunnny on January 07, 2017, 05:35:18 PM

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.

trigger1975

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Quote from: bitbunnny on January 07, 2017, 05:35:18 PM

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

HaXX0R1337

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Quote from: RodeoX on January 06, 2017, 03:20:54 PM

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. Wink

http://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

Fear is one of the main factors i am making a living Cheesy

,it was obvious that the price would come down after the rally and on what news was the big question and we have our answers,it is because of the chinese ,the price will ride in the current price for some time and after a while the rally again continues.Nothing surprising folks.

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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.

trigger1975

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Quote from: lionheart78 on January 07, 2017, 04:53:12 PM

Quote from: Zadicar on January 07, 2017, 12:13:00 PM

Its is part of making money on bitcoin and if you are smart enough on trading it then you will surely gain profits but seeing the situation here mentioned by OP that in able to recover your losses because of panic selling then you will surely do hedging on bitcoin price movement getting small percentage profits on each movement.

Definitely, smart traders always wanted this thing to happen. Weak hands will sell out because of the fear of losing the value of what they are holding. Hedging is somehow a good strategy but actually very difficult to do. It actually takes much of the time unless we have bot to setup the setting of buying coins when the price goes down x percentage and selling it when price goes up at equivalent x percentage. I actually do this kind of stuff in altcoin trading and actually it works like a charm if you have lots of time or focus in trading.

So, you are not using any kind of signals, trend indicators or equivalent? Just simple "price drop x% --> buy, price rise y% --> sell"? Interesting that this works like a charm as a bot never knows the market around him. But that reminds me on a MtGox bot I was using 2011. Simple: buy limit @current price - 0.5% and after that was settled, sell limit @buy price + 0.5%. Had this running for 3 months and it gained me ~20%.

//alex

lionheart78

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Quote from: Zadicar on January 07, 2017, 12:13:00 PM

Its is part of making money on bitcoin and if you are smart enough on trading it then you will surely gain profits but seeing the situation here mentioned by OP that in able to recover your losses because of panic selling then you will surely do hedging on bitcoin price movement getting small percentage profits on each movement.

Definitely, smart traders always wanted this thing to happen. Weak hands will sell out because of the fear of losing the value of what they are holding. Hedging is somehow a good strategy but actually very difficult to do. It actually takes much of the time unless we have bot to setup the setting of buying coins when the price goes down x percentage and selling it when price goes up at equivalent x percentage. I actually do this kind of stuff in altcoin trading and actually it works like a charm if you have lots of time or focus in trading.

xuan87

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It is true that market panic can make the price go down, because there will be a lot of people selling because they afraid the price will fall down lower again, but according to the expert in trading, when they see the panic sell it is the best time to buy, so yes market panic can make the price go down but you can also find a way to make profit even when the price go down

Zadicar

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Its is part of making money on bitcoin and if you are smart enough on trading it then you will surely gain profits but seeing the situation here mentioned by OP that in able to recover your losses because of panic selling then you will surely do hedging on bitcoin price movement getting small percentage profits on each movement.

BitcoinHodler

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first of all market panic can only last for long. it is not going to be like this forever, and not everyone is panicking by the way. those who are called weak hands panic and dump their hands so fast and get flushed out immediately.

second of all the method you are suggesting to sell at 5% and buy back at 5% is not as easy as you make it sound like, it actually is hard and the more volatile the market gets it becomes harder to do this because swings are not predictable and big.

beerlover

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Yes, probably there is a sentiment of bitcoin price levels like it will peak around $1150 alone. If we happen to see again $1000 or $1100, then we can huge sell off unlike what we have seen by this new year.

X-ray

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Market panic which trigger panic selling, FUDers, and another strange creatures could affect bitcoin and drive its price lower than it should be,but there's nothing we can do as we're actually just an ordinary bitcoin users whose wealth is not as much as those whales who's now already ruling the exchangers and could make a significant price changes by their appearance and activities.

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