Topic: Panic sellers got flushed fast - page 6. (Read 3829 times)
There are winners and losers for every situation, and in this case some people did lose money. I made around 150$ profit buying low and selling high this time, I'll probably set up buy orders for 705 to catch people selling low. Money's in weak hands, and all of the traders with at least decent knowledge about trading have too little volume to stop such dumps. Shit happens, deal with it and move on once it happens. The Earth keeps moving. It was bound to happen anyways, a small correction after a period of high rises is perfectly normal.
Well there are tons of suckers in the wide world of bitcoin, as evidenced by the content of every other post on this forum. Not surprising that people buy high and sell low. You need boys of steel to be in this market. All's great when we rise from $400 to $700...but just you wait if/when we drop back down to $400. People will be starting threads whining how they got burned, etc.
Buy and hold, baby.
Buy and hold, baby.
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.
Weak hands lose money, and apparently a lot of the Bitcoin speculators have very, very weak hands.Whatever though, more for whoever wants to take advantage of the opportunity. It's not our issue to deal with. Let them do whatever.
So what if they sold at $690 instead of $710? That's only 2.9% difference.
If they feel good about it: good for them!
I'm neither buying nor selling at the moment. I'm just very curious to see what the US elections will do to Bitcoin. Both candidates seem equally bad, I've never seen an election where both candidates divide people that much. That makes me think Bitcoin will go up no matter who wins. But then again, you never know. For now I'm holding my bitcoin and my euro.
If they feel good about it: good for them!
I'm neither buying nor selling at the moment. I'm just very curious to see what the US elections will do to Bitcoin. Both candidates seem equally bad, I've never seen an election where both candidates divide people that much. That makes me think Bitcoin will go up no matter who wins. But then again, you never know. For now I'm holding my bitcoin and my euro.
That, and from a purely technical standpoint, the price needed a correction anyway.
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 don't feel bad for them. People should make up their own minds about their personal exit points etc. Weak people following others are just sheep.
And yes HODL
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.
Once all the sellers are gone it's up, up and away! Patience...
Banning bitcoin in china? i think not the only reason.. some investors are going to sell their bitcoins because they are already make profit in their bitcoin.. that is why they are sell lage amount of bitcoin and they know that the price will decrease soon..
Or maybe panic buyers are keeping the market afloat until Black Friday 
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.
Ah that is why the price is decreased yesterday they are just starting to fool us just to buy bitcoin for low price.. or this is just whales strategy again just like before..
Well the price is increased again back to 703 and i think it can be increase more soon..
Well the price is increased again back to 703 and i think it can be increase more soon..
Or maybe panic buyers are keeping the market afloat until Black Friday
Probably yes. There are few expert traders and many newbies in the Bitcoin world yet, that is (I think) why we see such pumps and dumps.
If there were more people knowing the true value of bitcoin that would not happen.
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.
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