Panic sellers are once again hating themselves

sjefdeklerk

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SODL

Quote from: pereira4 on February 15, 2018, 12:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

This is too funny. You call the people who sold at 10k 'noobs' and now we're at 7k Grin

8Habits

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Quote from: angaper on March 14, 2018, 06:46:31 PM

Quote from: pereira4 on February 15, 2018, 12:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

There is no doubt that the psychological factor is still of vital relevance in the trading business, and it is very useful to separate those who will eventually achieve the success of those who are condemned to leave the business prematurely, with empty pockets. And that's the main reason why 95% of aspiring traders tend to fail in less than two years, because at the end of the day the markets exert a strange but cruel justice so that the money stays where it should be, and abandons who does not deserve it.

The money will be going to the most firm in mind, spirit, and emotions. This is a tough business and you need to be strong and not be a weak hand in order to gain profits in trading - especially in cryptocurrency trading.

bohr

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Quote from: so98nn on March 09, 2018, 10:42:49 AM

Quote from: bohr on March 08, 2018, 09:26:06 PM

Quote from: 8Habits on March 05, 2018, 06:34:31 PM

I love the way you say it that no matter what price of bitcoin you bought it, eventually it will be worth millions in the future.
If we really want to hold and is up for a long-term investment, better not hear any news about bitcoin or learn the art of not being affected with any negative news against bitcoin because when you give in with your emotion, you will sell and regret later.

Well the prices are going down once again, but it does not matter what people need to understand is that the price of bitcoin will eventually recover it can be difficult to believe for those that are relatively new to this market but it will and once it does you better make sure that you are holding bitcoin or you are going to be left behind and you are not going to get any profits.

Yeah, only the beginners get panic after seeking the decline whereas he experienced ones won't even hesitate in making up the investment. Although bitcoin undergoes various inconstancies but the market ultimately recovers after some time. The only thing it requires is a great persistence till the things get settled and everything gets on track. But once that stretch of downfall is over, you no longer have wait for the desired profit...

Not only beginners panic after seeing a price crash, many people do it as well even experimented members and that has to do with the amount of money invested in bitcoin, I'm fine with the amount I invested in bitcoin but many people invested almost everything they had and when the price of bitcoin goes down they are losing all their money in the world so they get nervous an they may sell for a bad price because they are unable to endure the pressure.

angaper

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Quote from: pereira4 on February 15, 2018, 12:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

There is no doubt that the psychological factor is still of vital relevance in the trading business, and it is very useful to separate those who will eventually achieve the success of those who are condemned to leave the business prematurely, with empty pockets. And that's the main reason why 95% of aspiring traders tend to fail in less than two years, because at the end of the day the markets exert a strange but cruel justice so that the money stays where it should be, and abandons who does not deserve it.

pinoyden

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Quote from: 8Habits on March 12, 2018, 05:47:21 PM

Quote from: AnonBitCoiner on March 12, 2018, 02:04:43 PM

The worst thing in bitcoin trading is panic selling by seeing the minor fluctuation.If you are selling bitcoin at low price with any valid reason means,it will be fine.But if you are selling bitcoin by seeing the minor dump,surely you will feel for that in future.The price reduce 2300$ in single day and 3000$ raise in single day.So don't do panic selling.

In short, never get too emotional with your trading and just keep calm when you see some price fluctuation because that is very normal with bitcoin as it is a very volatile coin along with other coins. Just instill in your mind, that sooner or later, the price will go up again and you will be in profit at the end of the day.

being emotional is okay and its normal for us people to become emotional , not unless your an alien and dont have a feelings. your mind is also you use not your emotions and feelings in order to decide on whether you should buy or sell. but overall it is still ok to panic sell because you are afraid of missing out. i myself do always panic sell not just im afraid of the market but rather i do need the cash imediately in order to buy important stuffs for the house.

8Habits

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Quote from: AnonBitCoiner on March 12, 2018, 02:04:43 PM

The worst thing in bitcoin trading is panic selling by seeing the minor fluctuation.If you are selling bitcoin at low price with any valid reason means,it will be fine.But if you are selling bitcoin by seeing the minor dump,surely you will feel for that in future.The price reduce 2300$ in single day and 3000$ raise in single day.So don't do panic selling.

In short, never get too emotional with your trading and just keep calm when you see some price fluctuation because that is very normal with bitcoin as it is a very volatile coin along with other coins. Just instill in your mind, that sooner or later, the price will go up again and you will be in profit at the end of the day.

AnonBitCoiner

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The worst thing in bitcoin trading is panic selling by seeing the minor fluctuation.If you are selling bitcoin at low price with any valid reason means,it will be fine.But if you are selling bitcoin by seeing the minor dump,surely you will feel for that in future.The price reduce 2300$ in single day and 3000$ raise in single day.So don't do panic selling.

NeedNoFee

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as these people lose their interest in long term... they'r dead.

Rosscy

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Quote from: liivii on March 09, 2018, 04:27:03 PM

Don't mind them and just do your work eventually when bitcoin rises agai they are the one who will regret the decision they've made. Maybe some of them are only practical and they cannot afford to see that their money is slowly decreasing because of the price situation that bitcoin faces right now. And if you think that bitcoin will recover again then the best thing to do is to keep holding it and continue to support the coin.

Optimistic. In the end of course there will be a recovery price where the decline is only temporary and then continue up to the value of Bitcoin become expensive. Basically, panic selling decisions are detrimental to the market itself, but this has become a trend so many groups are doing panic selling simultaneously.

orions.belt19

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Quote from: Viyamore on March 10, 2018, 06:36:29 PM

Quote from: FLoving on February 15, 2018, 03:57:05 PM

Quote from: pereira4 on February 15, 2018, 12:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

I spend more than one year with bitcoin and I was well aware with this situation and never sold. I remember the time when one of my friend asked me that the price is going to go below $6000 and we have to sell but I told him that no matter how much the price go down it will reach back to its highest value and will go more and now he is happy.

I was about to get pissed of with the 6k price of bitcoin and was about to lose the confidence to believe that it will move up again.
But patience is really a key. Panic may come to anyone but if you have that strong fighting spirit and enough knowledge and expertise on the bitcoin cycle, then you will win.

I think that anyone who have invested would get either a little despaired or annoyed with how the price dipped really low especially after experiencing an ATH of almost $20K last December 2017. For someone who has invested a large amount of money, it would be inevitable to get a little scared. Seeing red and the charts go down would definitely dishearten most and make you lose faith. Fortunate are those who were able to stand firm and resist selling. Those who weren't able to are probably drying their tears right now.

8Habits

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Quote from: bohr on March 08, 2018, 09:26:06 PM

Quote from: 8Habits on March 05, 2018, 06:34:31 PM

I love the way you say it that no matter what price of bitcoin you bought it, eventually it will be worth millions in the future.
If we really want to hold and is up for a long-term investment, better not hear any news about bitcoin or learn the art of not being affected with any negative news against bitcoin because when you give in with your emotion, you will sell and regret later.

Well the prices are going down once again, but it does not matter what people need to understand is that the price of bitcoin will eventually recover it can be difficult to believe for those that are relatively new to this market but it will and once it does you better make sure that you are holding bitcoin or you are going to be left behind and you are not going to get any profits.

That is true - the way we must set our mind is that, everytime bitcoin price is going down, we take it as a bargain and buy bitcoin as much as we can (of course, use only the money that we can afford to lose) and then hold and plan for a good exit with a profit. You can then have the option to rinse and repeat.

gabmen

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Quote from: Viyamore on March 10, 2018, 06:36:29 PM

Quote from: FLoving on February 15, 2018, 03:57:05 PM

Quote from: pereira4 on February 15, 2018, 12:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

I spend more than one year with bitcoin and I was well aware with this situation and never sold. I remember the time when one of my friend asked me that the price is going to go below $6000 and we have to sell but I told him that no matter how much the price go down it will reach back to its highest value and will go more and now he is happy.

I was about to get pissed of with the 6k price of bitcoin and was about to lose the confidence to believe that it will move up again.
But patience is really a key. Panic may come to anyone but if you have that strong fighting spirit and enough knowledge and expertise on the bitcoin cycle, then you will win.

Well proper management of your expectations is also a key here. Most of is who are in for the long run are ready to ride tides like these and even let recoveries pas us by without touching our btcs. All the fuds for me are just blabbers that i just shrug off since i never expected anyway for my investments to be short term

samcrypto

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Quote from: icoworld on March 10, 2018, 05:38:00 PM

Of course, many during the falling prices succumb to fear and sell bitcoin and therefore regret when prices rise

Panic selling always makes you feel like this, don’t ever do this and make sure you know what to do before making decision. The market is dumping and pumpming you just need to find the best way to exit and enter the market.

Viyamore

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Quote from: FLoving on February 15, 2018, 03:57:05 PM

Quote from: pereira4 on February 15, 2018, 12:38:24 PM

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

I spend more than one year with bitcoin and I was well aware with this situation and never sold. I remember the time when one of my friend asked me that the price is going to go below $6000 and we have to sell but I told him that no matter how much the price go down it will reach back to its highest value and will go more and now he is happy.

I was about to get pissed of with the 6k price of bitcoin and was about to lose the confidence to believe that it will move up again.
But patience is really a key. Panic may come to anyone but if you have that strong fighting spirit and enough knowledge and expertise on the bitcoin cycle, then you will win.

icoworld

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Of course, many during the falling prices succumb to fear and sell bitcoin and therefore regret when prices rise

atjiat

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Quote from: popolite11 on March 10, 2018, 07:21:42 AM

Quote from: poplolnman on February 22, 2018, 11:20:40 PM

Quote from: Rooster101 on February 22, 2018, 01:20:59 AM

They are mostly newbies who panics at the earliest sign of bitcoin price correction. These panic sellers includes traders that never learns and still overtaken by panic even they have been trading for some years. They should fully educate themselves first before investing in cryptocurrencies and maybe learn how to manage and overcome fear and panic. Managing your emotions is one of the important factors in trader's success.

It's normal to feel in panic attack but you shouldn't overreacting on it , be calm even you can't accept the losses , collect information as many as you can and make decisions based on the data not based on your fear of loss , the decision could be to cut the loss or keep holding, it's conditional. Sometimes panic selling needed in certain circumstances.

If you are dealing with cryptocurrency, you must be ready that each moment the market can fall or rise, vice versa. Thus, panic here is the worst strategy.

I think that many people who invested their money in bitcoin for slightly more price than it really is today do not have any sense in panic, because they will not help themselves anyway. bitcoin will return to its maximum value, you just have to wait and have patience.

popolite11

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Quote from: poplolnman on February 22, 2018, 11:20:40 PM

Quote from: Rooster101 on February 22, 2018, 01:20:59 AM

They are mostly newbies who panics at the earliest sign of bitcoin price correction. These panic sellers includes traders that never learns and still overtaken by panic even they have been trading for some years. They should fully educate themselves first before investing in cryptocurrencies and maybe learn how to manage and overcome fear and panic. Managing your emotions is one of the important factors in trader's success.

It's normal to feel in panic attack but you shouldn't overreacting on it , be calm even you can't accept the losses , collect information as many as you can and make decisions based on the data not based on your fear of loss , the decision could be to cut the loss or keep holding, it's conditional. Sometimes panic selling needed in certain circumstances.

If you are dealing with cryptocurrency, you must be ready that each moment the market can fall or rise, vice versa. Thus, panic here is the worst strategy.

burner2014

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Quote from: liivii on March 09, 2018, 04:27:03 PM

Don't mind them and just do your work eventually when bitcoin rises agai they are the one who will regret the decision they've made. Maybe some of them are only practical and they cannot afford to see that their money is slowly decreasing because of the price situation that bitcoin faces right now. And if you think that bitcoin will recover again then the best thing to do is to keep holding it and continue to support the coin.

You are right, don't mind people who does not deserve your attention, we are creating our own life here and if they are continuing to do panic selling despite the fact that we are almost saying to them not to do panic then it is already their fault if they regret after they saw that the price had boom again.

liivii

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Quote from: djgtr on March 09, 2018, 04:06:01 PM

Quote from: bohr on March 08, 2018, 09:26:06 PM

Quote from: 8Habits on March 05, 2018, 06:34:31 PM

I love the way you say it that no matter what price of bitcoin you bought it, eventually it will be worth millions in the future.
If we really want to hold and is up for a long-term investment, better not hear any news about bitcoin or learn the art of not being affected with any negative news against bitcoin because when you give in with your emotion, you will sell and regret later.

Well the prices are going down once again, but it does not matter what people need to understand is that the price of bitcoin will eventually recover it can be difficult to believe for those that are relatively new to this market but it will and once it does you better make sure that you are holding bitcoin or you are going to be left behind and you are not going to get any profits.

Hating ones'self won't help someone instead, cheer up. Panic sellers are just wise thinkers because they are only thinking for a better solution which is somehow good. On the contrary,they regret when selling it with such any amount because eventually,the price changes on the following period. That's why they feel hating themselves.

Don't mind them and just do your work eventually when bitcoin rises agai they are the one who will regret the decision they've made. Maybe some of them are only practical and they cannot afford to see that their money is slowly decreasing because of the price situation that bitcoin faces right now. And if you think that bitcoin will recover again then the best thing to do is to keep holding it and continue to support the coin.

djgtr

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Quote from: bohr on March 08, 2018, 09:26:06 PM

Quote from: 8Habits on March 05, 2018, 06:34:31 PM

I love the way you say it that no matter what price of bitcoin you bought it, eventually it will be worth millions in the future.
If we really want to hold and is up for a long-term investment, better not hear any news about bitcoin or learn the art of not being affected with any negative news against bitcoin because when you give in with your emotion, you will sell and regret later.

Well the prices are going down once again, but it does not matter what people need to understand is that the price of bitcoin will eventually recover it can be difficult to believe for those that are relatively new to this market but it will and once it does you better make sure that you are holding bitcoin or you are going to be left behind and you are not going to get any profits.

Hating ones'self won't help someone instead, cheer up. Panic sellers are just wise thinkers because they are only thinking for a better solution which is somehow good. On the contrary,they regret when selling it with such any amount because eventually,the price changes on the following period. That's why they feel hating themselves.

Topic: Panic sellers are once again hating themselves (Read 935 times)