Topic: Panic Sell ? / Chance - page 45. (Read 7037 times)

It all depends on us whether we as a daily trader with Bitcoin or Bitcoin just as an investment tool, if for daily traders of course with Cutloss method at the time of decline and Buyback back at the lowest level it can be made in our income, but if you are limited on long-term investments, better buy new coins later when the price is low and hold for as long as you can, Bitcoin will certainly continue to increase let alone the big news positive keep coming, we look forward to the next 2 months the price will be very high.

Firstly, we must settle the fact that flunctuating prices is the norm not an exception in cryptocurrency market. There is no other market behaviour than volatility that is most synonymous with cryptocurrency. Bitcoin is going to rise very sharply in the future. I will advice anyone that has bitcoin to hold their coin.

If you already have Bitcoin, Ethereum and some altcoins, to sell them now is not reasonable. Unless, of course, this is not the last money to eat.
Although, I think the market will still fall about six months or more.

I don't want to be negative and I know that this is off topic but I can't for the life of me understand why any grown adult would want to wear something with a stupid meme slogan or something with anything on it related to bitcoin. I'm sure people can already see that they're nerds without wearing something so goofy.

Which brings me to another point. The bitcoin symbol/logo is stupid looking as well. I think it should be reworked in order to be taken seriously. It looks like it's out of a 1950s comic book.
People using btc in commerce is the only reason it is worth anything today. Everyone going on about "oh you should have held onto those btc as they are now worth X" it's a moot point as those very transactions are the reason for its increase in value and without them btc would still be worth basically nothing. Good job man, I'm excited about LN and the impact it will have on the space in the coming months.

In any case, the swing that was 2 months ago ended. Now we have more or less stable figures on the market.

Yeah you are right panic selling happens when the market goes down and lot of people with weak hands are the ones who are afraid of that because they didn't know the real reason what they are doing here in crypto world they just been hyped in the social medias that cryptocurrency can get them rich even if they are not doing their own search what cryptocurrency are all about.

It depends on a certain person actually, if he is really into cryptocurrencies then this huge price drop that is happening to cryptocurrencies nowadays would be a advantage to him in the long run, a huge profit is waiting for him, but if he is just someone that don't care about this fluctuation and just randomly selling his coins, then it would be a wrong decision that he would regret in the future.

Theoretically, of course, there is a chance to stay with nothing without selling its own crypto currency at a low price. But if you do not believe in the industry, then why should you even have a crypto currency? Personally, on the contrary, I try to buy up coins on this drop. To know even when we are at the bottom ...

I think this effect is caused only because everybody is preparing to the crash and want to buy low and a bigger amount.
And almost all market participants do so. Thats why even fake news are profitable for whales. Traders prefer to sell and then do the research - they will buy lower anyway and they understand this.
And we will not have such situations if everybody will hodl as they write in their tweets, but...

If at this time bitcoin prices continue to fall then I will keep holding and trying to increase the amount of bitcoin by buying it. I think bitcoin prices will last a long time with a bad rate because Mt Gox is doing bitcoin sales at a cheap price that causes all crypto prices to be bad, Mt Gox does that for certain purposes.

Trading is not for all people, i would say better to wait the btc will raise and get stable , after that people will start to invest from btc to altcoin. Take time, but if you are patiente and don't get  panic you make good profit .

Panic selling will just lead to a more bloody cryptomarket and of course you are selling your crypto assets at a lower price. Chances of not selling your crypto assets in times of crash is that you will end up selling it at a higher price when market turns to green.

for myself I am not panicking that is in my mind is holding and holding.

of course if you dont have yet, buy and hold, dont look back and simply hide your wallet into a safe place and get it again after a long run, then if you already had, hold also and dont get panic, because FUD are everywhere, side by side, buy as much as you can while in the dip and sell it when it become more value in the future,

you do not need to panic, you have to wait and wait, only patient people are waiting for success, you can also make good money on this fall

Bought in at .15, .26, .32. Cashed out just under $6000 of my lumens when it was around 24-25 cents, plan to buy back and increase the amount of lumens I'm holding if it ends up hitting anywhere from .15-.19 unless the market seems to start going upward again.

In saying that I am debating not cashing back in at all in the short term. It's impossible to accurately call a bottom unless you're just lucky but I just have a gut feeling bitcoin hasn't hit it yet so I might take the gamble that bitcoin will drop the market even lower and wait to buy back in when I think bitcoin will let us have fun times again. Feel like we have a minimum of a few more months of sideways action before we see any real growth across the market. Hopefully I'm wrong though.

I've been loving this market so far to be honest though, I took out what I initially invested and some profits in December and put it back in the bank so everything that's still in is just profit for me, through lucky timing/guesswork I've been able to cash out into tether or coinbase USD wallet and then buy back in when the whole market drops, attempted that 11 times so far (currently attempting the 12th which if I was to buy back in now it would be a success) in the past month or two and just one of those times I ended up buying back in less coins then what I sold which was unfortunate because had I waited another 12 hours it would of worked out nicely, fortunately it wasn't anything drastic or enough to wipe out the increase of coins I had already made. Almost every crypto I own I've been able to double how many coins I had originally, some like XLM, I've been able to over triple.

At this point with the way the markets been my profits have still either been stagnant or slightly dropping but for now I'm not even aiming for profit and don't care because I'm aiming long term, just trying to increase positions without actually putting new money back into it until I feel like it'll have some steady growth again. So "technically" I have nothing to lose and in time if the crypto I'm holding get close to their ATH's or reach new ones I'll be making out pretty fucking well lol

How do you hold back and control yourself in order not to make silly sales when similar situations begin such as what is happening now?
What are you guided by?

Bitcoin is still a strong, enough stable cryptocurrency which is surviving at market from 2009, so panic selling has no sense, bitcoin will recover anyway

By this point I'm too far in to quit and I also truly believe that the market will recover like it has before and we will be looking upon this time in the future saying "i could have bought more bitcoin for only £5500"  and be kicking ourselves for not buying this dip

As for me I agree with the opinion that the market will stabilize in next few weeks. And it is good opportunity to buy alts now. And of course if don't sell and hold.