Topic: Panic sellers are once again hating themselves - page 5. (Read 935 times)

Yes, there were a lot of them crying now. The good thing is i am not one of them. Although a newbie, i trust my instinct that it would be good to but at dip and so i did. I have learned a lesson during that dip and one of them is not to panic.

And who would not give in to panic considering that the price fell very much and did not rush to recover, but most were waiting for such a turn and now see the result of their actions

Pretty sure these people who sold at a loss already have a working knowledge on how gloomy everything is when it comes to January but are too scared that everything will be gone so they've sold pre-emptively. Couldn't blame them though, especially if they don't believe bitcoin would be able to recover in the coming weeks. The price cycles of bitcoin are engraved in charts, so I wonder why people think that it's the end when a sudden drop happens when in fact more and more people are getting interested in throwing their money in the playing field.

Entirely agree, but with time they should learn. The more we tell them that it's just what happens and they must control their emotions etc they should in time learn.

They're a long way off just now and some are entirely helpless but you have to think with each crash that goes by and is recovered from, more and more people will learn and the next time around it won't be so profitable for the guys who know what they're doing.

I think you meant FOMO, not MOFO 

Anyway, these guys are the biggest losers. They see bitcoin on the news, they buy the top and it starts crashing, they (once again) look at the news and see how "bitcoin is crashing", and further crashing ensues causes precisely by these watching the news and paying attention to fakestream media.

Notice how during this cycle, none of them even bother to research what bitcoin is and why is it valuable (and why you should only look for the long term and ignore market noise)

I often laugh to see the silly behavior of panicked sellers, it is clear they get the loss of panic they are experiencing by selling bitcoin at a cheaper price than buying it is very harmful. I wonder how anyone could be like that.

I am not sorry to say this, even though he is your friend cause I will gladly say it to his face. The fact is, this is how some people think and one of the mentalities they have about everything which makes them remain stagnant in life.

If he is smart enough (point of contact to the same people in his shoes), he should be asking himself one simple question, which is what has he not been doing right and then make amends. Like they always say, only a fool will do the same thing over and over again and expect different results. If he feels the market is corrupt, then that is absolutely his own loss. We cannot always have smart people all the time, some are just not meant to be, and some of us will always keep getting richer as long as they keep remaining stupid.

A lot of people have done this... And I really don't get it why they do it at all. If you were investing in bitcoin then surely you know what bitcoin's all about and you are a believer in the technology right? Bitcoin hasn't fundamentally changed a bit throughout all this fluctuation, so why are you selling?

Every single time that this situation pops up, it seems like panic sellers come out of hiding and try to cut their losses. And it almost never works.

There are going to be eventually a 6 figure bitcoin, 7 figure bitcoin. It doesn't really matter since fiat is going to be worthless in the end and bitcoin may even become the definition of value, since it is decentralized. No good trying too much on short term trading, especially if you try to chase the most popular investments and sell when it's not popular.

Do not be too sure that this new climb is some kind of market "reversal". From my experience, any falling market does not reverse and recover quickly in one pump. But this small pump does give some opportunity to some people who want to sell for a better price.

Do not strongly blame yourself for the fact that you sold bitcoin during its fall, everyone can make a mistake

Who could not hate themselves if they realized they're weak enough to panic sell their crypto assets amidst crisis and see how bitcoin grows again today. Hopefully they will learn from the mistake they've made and learn to hodl next time.

People considering the current up movement to be a DCB or a BT, are often panic sellers themselves hoping that they can re-enter at levels near they have sold at, to grant themselves a lower entry position again.

It more and more starts to look like a solid recovery. I don't consider the $10,000 mark to be something we'll be able to maintain for too long, but this at least shows the intention of the overall market, which is up.

I would have liked to accumulate a bit longer at sub $10,000 levels, but that's what you get in a market only looking to rush up. Overall, I am quite satisfied with everything that I did manage to buy below $10,000.

I hope it's not a dedcatbounce.

LOL exactly, and then they run to the government and whine about how bad bitcoin is ...  

Same people also complain about casinos taking their money, fast food making them fat and so on 

Too many reasons why BTC dropped to 4 digits and those panic sellers, noobs and whales are part to blame for this. They are reading too much negative news and take them as a fact to decide if they will sell or not. I too takes a look at the price of BTC and Altcoins from time to time but when times like this when fake news are everywhere and fud are being feed to scare the noobs, I just look the other way and wait. Nice to see BTC at 5 digits again.

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.

The movement of the price of bitcoin today is just like a normal price slowly increase and reaching a new level of the price but right now bitcoin is recovering and hit $10k usd again only those people who holds and panic sell their bitcoin in the wrong time will regret soon and i think mostly those people are newbie that afraid to lose more when the price is keep decreasing past few weeks ago.. Newcomers come and enter to bitcoin without knowledge when the price of bitcoin higher then the current price and they don't know exactly how bitcoin works if they check the movement of the price from the past they will see the large drop before that actually the same happen this year. but why the price of bitcoin are still keep increasing.. If they are smart and think deeply and believe that bitcoin can be recover and increase more they will experience to make a large profit just like those people who bought bitcoin and low price..
That is why other pro traders recommending to keep buy in low price and sell when the price is increase by 20% just like now while the price is keep increasing there are traders and miners are satisfied what the price today just to get the profit or opportunity while the price is keep increasing because we don't know what will be happen sooner or later can be drop again.

While I am mildly happy to see the price go up, there is no real need to constantly say that panic sellers are hating themselves, or that they yet again have missed out on buying lower. It's something we have seen happen basically for years that panic sellers can't escape from a constant cycle of buying high selling low, which heavily contributes to capital destruction. If there aren't people selling their coins in panic, this market wouldn't be able to offer us the opportunities we so much love -- how else are we supposed to sell near peak and buy all the way down till the bottom? Those who learn from their mistakes know how to move forward, and those who don't learn, will remain stuck in the aforementioned cycle.

Exactly, so many new comers that make bitcoin could hits new ATH, also at the same time, the rocket running out of fuel because people taking their buy orders right away after the Korean fud and Chinese new year. But, those newcomers didn't know about the every year's cycle of dumping so they're really scared and trying to cut lose their investment because they afraid that bitcoin could turn into nothing but ended up missed the train miserably.
Can't blame them though, panic selling mainly affected by psychology, it's better to get off the trading activities when they could easily be depressed by doing that.

Yeah, they learned their lesson the hard way, but at least they can look at the market with a better understanding of how it works.

Those people, panic sellers, newbies, whatever we wanna call them, they probably gave in to heuristics and emotions. For example, Social Proof, because 'if everyone else is doing it, so should I', but little did they know that having this mob mentality when you're about to enter the cryptocurrency market was going to result in absolute failure (or in this case, losses).

I wouldn't be surprised to see those same people being part of the next FOMO wave, but given how they already experienced the cycle (hype-FOMO-FUD-despair), I think they'll think twice before selling at the first sign of a downtrend.