Topic: Panic sellers are once again hating themselves - page 4. (Read 866 times)
Panic sellers didn't learn! once again bitcoin proves that those who get to earn a lot from this kind of investment are those who are capable of trusting bitcoin and are patient enough to hold and wait till the value recover and start to pump again. I am happy bitcoin seems to start making noise again as it embrace the $11000 after reaching $7500 last week. I hope this good news continues.
Of course, they will be unhappy with the fact that they hurried and sold at a low price, working in this area should expect and the rise and fall of prices
It sucks that I bought some Bitcoins, a week or so ago, but was limited by Coinbase and so couldn't buy more.
panic always turns to lose in crypto ecosystem. crypto lovers loves panic sellers they usually kiss and ... panic sellers lol
There is no good result if you sold your holdings because you are on panic by the market crash and buy back later on if its pumping so hard. This market is very risky and your decision here will matter most so always trade with you equip goals and strategy cause if you believe that this market can survive then greater profit will come for you.
That is why for newbies the best advice is to hold their cryptocurrencies. You must have some emotional detachment from you investments, and have plan when to sell/buy.
There are many friends around me buying Bitcoin when the exchange rate is $ 18,000 and has sold off losses when the Bitcoin exchange rate dropped to $ 6,000. Moreover, now they are regretting selling it when the Bitcoin rate is now nearing $ 11,000. That warns people to invest without exploring as well as carefully analyze Bitcoins as well as cryptocurrencies.
This is human nature. You can hypothetically imagine that the price falls below the price at which they were sold. Then they would be happy that they did not lose even more.
That's why some people are making money by relying on the statistics and analysis and some by simply having a plan. For me it's about the fundamentals. I want BTC because i need to keep my money somewhere where the hands of the government can't reach and I want to have something to hold on to in case of a SHTF scenario. The price matters to me because it defines how much stuff I can buy and that's what I want in the end. Physical stuff like food, home, means of transport, but I also want security and that's what BTC provides, regardless of price.
Panic sellers are a laughing stock.
since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
But you're only making assumptions, it's not something that you can guarantee with 100% certainty, bitcoin started increase a lot, we got to $10,000 and all news channels were euphoric and very optimistic and posted forecasts every time: "analysts predicting that by 2019 the price will be $40,000". even John McAfee made absurd predictions. the price reaches $12,000 and news channels remain euphoric and posting very optimistic forecasts and the cycle repeats up to $19,000. people sell their altcoins to buy bitcoin and used their credit/debit cards to buy bitcoin... so the price drops and many people enter in panic and sell their bitcoins... that's because people think: "if in a few months, the price went up from $1000 to $19000 - because it can not fall from $ 19000 to $1000? " so they sell!
What I want to say is that it is quite normal for people to sell in panic because nobody can guarantee with 100% certainty that the price will go up
I have no doubts personally that we are going to go for newer heights, eventually 6 figures a coin, there's literally no doubt in my mind, because I understand the implications of what bitcoin is as a store of value, and what bitcoin can become with second layer scaling.
It would require a total disaster for bitcoin to fail, but outside of that, we will keep going up long term while surviving the obligatory bubble and burst cycles that anyone that has been in bitcoin for a while is comfortable with.
Of course, nothing is guaranteed in finance, but nothing is guaranteed in life, in the sense of you can die tomorrow in some stupid accident. But if all things go as they should, we'll see 6 figures per coin within the next decade, probably way earlier than most can fathom.
since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
But you're only making assumptions, it's not something that you can guarantee with 100% certainty, bitcoin started increase a lot, we got to $10,000 and all news channels were euphoric and very optimistic and posted forecasts every time: "analysts predicting that by 2019 the price will be $40,000". even John McAfee made absurd predictions. the price reaches $12,000 and news channels remain euphoric and posting very optimistic forecasts and the cycle repeats up to $19,000. people sell their altcoins to buy bitcoin and used their credit/debit cards to buy bitcoin... so the price drops and many people enter in panic and sell their bitcoins... that's because people think: "if in a few months, the price went up from $1000 to $19000 - because it can not fall from $ 19000 to $1000? " so they sell!
What I want to say is that it is quite normal for people to sell in panic because nobody can guarantee with 100% certainty that the price will go up
panic always turns to lose in crypto ecosystem. crypto lovers loves panic sellers they usually kiss and ... panic sellers lol
$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.
We can't still blame them for what they have done. The crash last time is something to be taken seriously. More than half of its market value before was reached due to the continuous dumps. But at this moment, it is now starting to rise. Those who invested when its market value was continuously falling will surely earn huge profit on the next months to come especially if this scenario will continue. 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 human nature. You can hypothetically imagine that the price falls below the price at which they were sold. Then they would be happy that they did not lose even more.
This is how the market works everywhere and will always function in this way in the coming future also
There is a really simple logic to this if you want to make profit in trading the basic rule is buy at lower price and sell at high price
In order for us to get a coin at a lower price we will want others to sell it at a lower price so even if dumb traders make stupid moves like this it will be a profit for someone else it's that simple
We do complain about traders selling at a lower price but see it from a different angle a fall in price will be good for someone else
There is a really simple logic to this if you want to make profit in trading the basic rule is buy at lower price and sell at high price
In order for us to get a coin at a lower price we will want others to sell it at a lower price so even if dumb traders make stupid moves like this it will be a profit for someone else it's that simple
We do complain about traders selling at a lower price but see it from a different angle a fall in price will be good for someone else
$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.
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.
It’s the same cycle every couple of years, noobs & panic sellers (the same thing sometimes) are embarrassing. All you have to do is look at the life long chart of bitcoin prices. The price always recovers, it’s a near certainty. HODL for a few years from now & you will be greatly rewarded.
$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.
got it right mate,this is the moment why more weak hands now are blaming themselves because of selling they're bitcoin in times of dip,it was only 15 days or more but they cant even make hold of the coins in just a short period and now the strong hands are celebrating and cheering to each others because of the happiness they are feeling now 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.
the more educated potential investors become the more difficult it will be for the rest of us to profit.
The problem is that I'm sure most of these people know perfectly well how these cycles work, but they're 100% incapable of preventing their emotions from clouding their judgement.
You see it day in, day out. Even some of the oldest hands start calling for doom at a downturn lasting a few minutes. When it bounces back then Bitcoin is totally awesome and they knew along it was.
$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.
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.
not their own some of them blame the market and hate the market even hate bitcoin for new players they will definitely call it that way and hate it because they have no experience and yet understand what kind of market conditions but for new players it is certain it will happen and they prepare moment to buy as much bitcoin as they can.
Yeah, I'm guilty of selling--but it wasn't to cut my losses. There were things I needed to buy that I couldn't with bitcoin, which is unfortunate. I'm really looking forward to a time when I can but cat food and asswipe with crypto. Currently I know of no good way to do this aside from buying gift cards, and if that's the only option then just converting to fiat is much easier. I do wish I could have held onto what I had but I'm not crying about it.
Well, obviously if you are just looking to cash out BTC because you need to buy something, then cash it out. There is no point holding onto bitcoin forever if you're not going to spend it at some stage. It's like saying that I'll buy groceries later because I feel like that we'll get more by holding onto my BTC, these kind of expenses just can't be avoided.
It's different for if you're a investor in bitcoin though. One of the conditions to start even investing in BTC is that you're putting away money that you have saved up, and you don't need urgently.
If you're panic selling because of the fact that price is going down, and you're cutting losses, then that's not a good decision to make.
But some people are forced to cut losses, because they used margin trading or borrowed money to trade. Another reason why you shouldn't do that.
$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.
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.
hahaha yeah you are right many new players who become part of panic sellers, really pity me with those who wasting their assets and money, if they want to learn and more patience surely will not happen such thing.
$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.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.
Your friend is lucky to know you. Good advice!
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