You know one of the main reasons why panic sellers panic sell? They borrow a loan from a bank thinking that if they invest in a specific investment suited to the current ongoing trend, they'll soon get rich from it. But when the prices goes down, they get scared, think of totally insane ideas on how they would wind up in streets if they don't pay their loan off and their family would suffer forever.
So yeah panic sellers are regretting their decision, yet again.
Topic: Panic sellers are once again hating themselves - page 6. (Read 935 times)
I think most people who panic sold also bought above 15k. Lot of newbies have come into crypto with high hopes, they have immediatly gone trough some of the most severe crashes in crypto, personally this was my first major crash aswell but since I came in exactly when China FUD happened I didn't let it bother me that much.
TIP:
Dollar cost average in, you're less focused on the price that way and don't have the headaches of the wild swings that BTC goes trough. That is ofcourse if you believe it will go up longterm
TIP:
Dollar cost average in, you're less focused on the price that way and don't have the headaches of the wild swings that BTC goes trough. That is ofcourse if you believe it will go up longterm
Those panic sellers are waiting for 20000 dollar to buy again. They will sell again after a correction. This Scenario repeats several times and they lose their money and patient people make money.
That feeling when you bought at the peak because you expect too much that the pump is for the long term. Then suddenly the price dropped, you panic, and sell at loss to cut further losses. I think people are mostly swayed by "assumptions and emotions", especially with the first time traders.
While some panic sellers hate themselves, people with orders at the bottom that have been filled are surely grateful.
While some panic sellers hate themselves, people with orders at the bottom that have been filled are surely grateful.
$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.
For newbies (or so called "dumb" in trading terminology), this will served as reference on their future decision. Honestly, sometimes they need to experienced those regrettable decision so that they will know in actual why they turned out like that.
For long time traders, I don't know why the hell they are still on panic on the situation of massive dump. And to add for that, after dumping during the dump trend, they didn't able to make another entry to the level they want because they are expecting more dip. Looks like they need to start again for them not to be late to an unexpected rally.
Always remember that once there is a massive pump, it was always associated with a dump. Just look at how the price grows compare to how much it dip and we will realized that FUD will always be come and go.
I don't think millions is correct, but yes it will be worth a hell of a lot more than it is today. Generally speaking we're all winners today as long as we just buy and hodl. In 2 or 3 years we'll have our lambos.
$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.
I agree because i have been invested for a few years now and I was one of those panic buyers and sellers about 5 years ago. It’s now clear that the price will peak and then correct or crash and this is just part of the trading cycle. You can either hold and ride it out, or try to time the sells at the top. If you can’t sell near the top, just hold and you will be fine in the long run.
$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.
Yeah, I wouldn't consider myself a bull, but even I am continually caught off guard by Bitcoin's seeming inability to lie down and die. I was fully expecting to sniff 10k today for perhaps a touch and then retrace, as has been the pattern, but it's been there now for 4 hours, just as Friday and the Lunar New Year are about to arrive (it's going to set off a lot of wild celebrations I tell you, from the chatter I see on some channels!).
There's really one lesson here: it's always too soon to call a price on Bitcoin, and it's never too late to get in. Not in 2020, definitely not in 2018.
$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.
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.
Bless 'em. Where would we be without these people? Certain traders would be considerably poorer.
The even more pitiful thing is that the ones who aren't permanently ruined will come back and buy at the tippy top of the next peak 'because it only goes up' and subsequently hand over the same coins to the same people for an even bigger discount probably.
The longer I spend staring at crypto, the more bemused I am by the relentless predictability of human psychology. These moves are so inevitable that I can't quite figure out why more people don't see them more clearly.
The even more pitiful thing is that the ones who aren't permanently ruined will come back and buy at the tippy top of the next peak 'because it only goes up' and subsequently hand over the same coins to the same people for an even bigger discount probably.
The longer I spend staring at crypto, the more bemused I am by the relentless predictability of human psychology. These moves are so inevitable that I can't quite figure out why more people don't see them more clearly.
Instead of blinded by the lights (a song by the streets) we should have blinded by their fears. FOMO and the fear of loss are what drives these people and they are unable to see it. At the end of the day, in order for you to profit, someone else has to lose out so we should be glad for these people.
Information and advice in this regard is an interesting topic, the more educated potential investors become the more difficult it will be for the rest of us to profit.
Bless 'em. Where would we be without these people? Certain traders would be considerably poorer.
The even more pitiful thing is that the ones who aren't permanently ruined will come back and buy at the tippy top of the next peak 'because it only goes up' and subsequently hand over the same coins to the same people for an even bigger discount probably.
The longer I spend staring at crypto, the more bemused I am by the relentless predictability of human psychology. These moves are so inevitable that I can't quite figure out why more people don't see them more clearly.
The even more pitiful thing is that the ones who aren't permanently ruined will come back and buy at the tippy top of the next peak 'because it only goes up' and subsequently hand over the same coins to the same people for an even bigger discount probably.
The longer I spend staring at crypto, the more bemused I am by the relentless predictability of human psychology. These moves are so inevitable that I can't quite figure out why more people don't see them more clearly.
Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.
Classic Buy High, Sell Low strategy, great way to make others richer!
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Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.
$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.
Given the price didn't dip below 6k across the major exchanges I'd be surprised if many people sold out at below 6k! Aside of that the points are great and hopefully this will be a learning curve for anyone who re-enters the market. For me it was the first time going through such a large dip but I stayed true to what I'd always thought and been told and held through it. Of course there's still a long way to go to recover but breaking 10k is a great start. If the guys who re-enter can learn from their mistakes then the market can only grow stronger in the future.
$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.
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