Panic sellers got flushed fast - page 4.

PokerFace3

hero member

Activity: 700

Merit: 500

Quote from: deadsilent on November 12, 2016, 03:00:14 AM

Quote from: bamboylee on November 05, 2016, 01:45:09 PM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

I cannot say I am sorry for them because the price at the time they dump was quite high. So even if they dumped their bitcoin, they still made a lot of profit. Now they can reenter bitcoin and start making some money again.

We cant blame them because thats the way it is. They cant just keep it forever. They cant wait even more if the price goes down again because of big crash. They just dont want to lose any of their earnings thats why they are dumping bitcoin and dont wanna risk everything. They just playing game wise.

Yes, they must be right with respect to their decisions on uncertain market conditions. I too will take such decisions instead of facing huge losses by continuing holding bitcoins. In my experience panic selling is most common for any trader that might safeguard them and sometimes make regret them for missing out big opportunities.

deadsilent

hero member

Activity: 1148

Merit: 500

Quote from: bamboylee on November 05, 2016, 01:45:09 PM

Quote from: AtheistAKASaneBrain on November 05, 2016, 11:30:47 AM

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

I cannot say I am sorry for them because the price at the time they dump was quite high. So even if they dumped their bitcoin, they still made a lot of profit. Now they can reenter bitcoin and start making some money again.

We cant blame them because thats the way it is. They cant just keep it forever. They cant wait even more if the price goes down again because of big crash. They just dont want to lose any of their earnings thats why they are dumping bitcoin and dont wanna risk everything. They just playing game wise.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: Goms on November 07, 2016, 03:48:47 AM

You can't totally blame panic sellers, you can't always predict the market direction and nobody wants to lose out.

the blame on panic sellers only goes when there is a small change in an stable market and a little bit bigger change when there is some volatility going on. the rest of the changes which are bigger are natural movements and sometimes whales manipulating price.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: pereira4 on November 11, 2016, 11:21:35 AM

Quote from: pitham1 on November 11, 2016, 10:53:16 AM

Quote from: lumeire on November 11, 2016, 10:00:01 AM

Probably still an effect of Trump winning.

Quote from: Oilacris on November 08, 2016, 10:09:06 AM

Panic selling is just for newbies out there which they tend to sell out their bitcoins especially when they saw theres a dip on the price.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

People took profits now that the end is not going to end because of Trump, but make no mistake, Trump will follow his program, or that is what I think. He will create market uncertainty and this will benefit us bitcoiners. The people that is not buying back now after taking profits will miss on massive gains next year.

Trump is nothing more than a muppet taking orders from far above his level. At the time he really takes over the presidential seat, he will start with lowering his tone dramatically.

Smart people have more than enough coins in their reserves even when they secure a decent amount of profits at current prices. Only noobs will find themselves buying back at much higher levels as always.

If I take myself as an example, I have bought the far majority of my coins well below $400, and even a part below $300 levels. I am in a comfortable position right now.

I will only buy back if the price drops significantly below the current levels. If it doesn't drop, then no problem as I have enough coins to make myself happy with.

pereira4

legendary

Activity: 1610

Merit: 1183

Quote from: pitham1 on November 11, 2016, 10:53:16 AM

Quote from: lumeire on November 11, 2016, 10:00:01 AM

Probably still an effect of Trump winning.

Quote from: Oilacris on November 08, 2016, 10:09:06 AM

Panic selling is just for newbies out there which they tend to sell out their bitcoins especially when they saw theres a dip on the price.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

People took profits now that the end is not going to end because of Trump, but make no mistake, Trump will follow his program, or that is what I think. He will create market uncertainty and this will benefit us bitcoiners. The people that is not buying back now after taking profits will miss on massive gains next year.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: lumeire on November 11, 2016, 10:00:01 AM

Probably still an effect of Trump winning.

Quote from: Oilacris on November 08, 2016, 10:09:06 AM

Panic selling is just for newbies out there which they tend to sell out their bitcoins especially when they saw theres a dip on the price.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

lumeire

legendary

Activity: 1848

Merit: 1009

Next-Gen Trade Racing Metaverse

Probably still an effect of Trump winning.

Quote from: Oilacris on November 08, 2016, 10:09:06 AM

Panic selling is just for newbies out there which they tend to sell out their bitcoins especially when they saw theres a dip on the price.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: jondeen707 on November 11, 2016, 07:34:55 AM

Quote from: talkbitcoin on November 08, 2016, 09:27:59 AM

Quote from: jondeen707 on November 07, 2016, 11:12:23 AM

Quote from: BillyBobZorton on November 05, 2016, 01:18:25 PM

Quote from: BitcoinBarrel on November 05, 2016, 12:25:50 PM

Or maybe panic buyers are keeping the market afloat until Black Friday Cheesy

It's going to go up... the us ellection is insane no matter how it goes, hillary wins, it will cause a lot of frustration in trump camp, trump wins, it will cause a lot of disruption in the markets... btc goes up in any case.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

I got your point, it makes sense as well.

If theres a news we will expect some rise up we dont need to panic and make assumption we need to double check what would be the impact so we can make a good entry and exit to have some good profits.

jondeen707

member

Activity: 84

Merit: 10

Quote from: talkbitcoin on November 08, 2016, 09:27:59 AM

Quote from: jondeen707 on November 07, 2016, 11:12:23 AM

Quote from: BillyBobZorton on November 05, 2016, 01:18:25 PM

Quote from: BitcoinBarrel on November 05, 2016, 12:25:50 PM

Or maybe panic buyers are keeping the market afloat until Black Friday Cheesy

It's going to go up... the us ellection is insane no matter how it goes, hillary wins, it will cause a lot of frustration in trump camp, trump wins, it will cause a lot of disruption in the markets... btc goes up in any case.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

I got your point, it makes sense as well.

Oilacris

hero member

Activity: 2996

Merit: 609

Panic selling is just for newbies out there which they tend to sell out their bitcoins especially when they saw theres a dip on the price. Ex. they bought bitcoin at 720+ price then it dropped again on 690+ they would surely panic and tend do sell off because they believe it would go down even more but i could say not all people would really do that because most of them are wiser which they tend to hold it and buy even more on the mot possible low price bitcoins and sell off when it bounces up back.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: a7mos on November 08, 2016, 09:29:03 AM

It is not panic selling. Some people bought cheep and they wanted to collect their profit

It could be a mix of several reasons.And these two may be the most important ones.A few guys wanted to take some fiat profits while some others got scared by some exaggerated news.
We've seen this several times now.
The good thing is we seem to be able to hold the 700 range.Probably we build some solid bottom here before continuingmoving up again.Nothing wrong about that.

a7mos

hero member

Activity: 574

Merit: 500

It is not panic selling. Some people bought cheep and they wanted to collect their profit

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: jondeen707 on November 07, 2016, 11:12:23 AM

Quote from: BillyBobZorton on November 05, 2016, 01:18:25 PM

Quote from: BitcoinBarrel on November 05, 2016, 12:25:50 PM

Or maybe panic buyers are keeping the market afloat until Black Friday Cheesy

It's going to go up... the us ellection is insane no matter how it goes, hillary wins, it will cause a lot of frustration in trump camp, trump wins, it will cause a lot of disruption in the markets... btc goes up in any case.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

jondeen707

member

Activity: 84

Merit: 10

Quote from: BillyBobZorton on November 05, 2016, 01:18:25 PM

Quote from: BitcoinBarrel on November 05, 2016, 12:25:50 PM

Or maybe panic buyers are keeping the market afloat until Black Friday Cheesy

It's going to go up... the us ellection is insane no matter how it goes, hillary wins, it will cause a lot of frustration in trump camp, trump wins, it will cause a lot of disruption in the markets... btc goes up in any case.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

Goms

sr. member

Activity: 350

Merit: 250

You can't totally blame panic sellers, you can't always predict the market direction and nobody wants to lose out.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: bitbunnny on November 07, 2016, 02:18:50 AM

Panic reaction in any way, buying or selling, is never good. Yor can profit from Bitcoin only if you exclude your emotions as much as you can and keep your head cool. It's not easy sometimes but you learn with time. And jumping on every pump or dump could cost you a lot.
Price is looking good now, let's see what future brings to us.

Yeap every single wrong action of selling can attract nor make people fear to lose money and surely it can start out some flames to start a massive dump, and best trolls can actually do that, and there are others who is oppurtunist who's intend to look up for a dump and buy for cheaper price to gain more proifts in this kind of dumping and pumping scenario, and same as you i really hope to see good straight path to up so our profits will not subside and steadily upwards.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Panic reaction in any way, buying or selling, is never good. Yor can profit from Bitcoin only if you exclude your emotions as much as you can and keep your head cool. It's not easy sometimes but you learn with time. And jumping on every pump or dump could cost you a lot.
Price is looking good now, let's see what future brings to us.

ClaraLuV

full member

Activity: 236

Merit: 100

Presale is live!

Most of the people who invested in bitcoin are not early miners who had the chance to get the coins easily ,so if the stock they invested get depreciated you would panic for sure since there are no regulations and monitoring authority to check fake pumps and dumps ,it is really hard to trust these investments as we have already seen price dropping down to $220 from a all time high of $1200

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

Big changes in price are going to happen and we just need to be prepared for them. When we see a big drop in price, we should look at it as a time to buy bitcoin rather than sell it.

Kprawn

legendary

Activity: 1904

Merit: 1074

This is causing a lot of doubt with investors, if a commodity can be manipulated so much in such a short period. Yes, we have seen some volatility

in the past... so this is nothing new, but for new investors this might be too much, and they might just abandon Bitcoin because of this. We should

reconsider our options, when a commodity can be manipulated by whales and rumours like this. Huh

Learn to ignore anonymous reporting from

journalists on crack. Angry

Topic: Panic sellers got flushed fast - page 4. (Read 3829 times)