panic selling - page 49. | Bitcointalksearch.org

deisik

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Quote from: Mr on May 28, 2017, 03:21:56 PM

Quote from: cotton ball on May 28, 2017, 03:48:58 AM

I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.

Not only bitcoin, other altcoins also faced with the same situation and the prices decreased significantly. The reason is mainly caused by panic sellers who can not hold their coin for a long period and rather to earn a small profit than a big profit

Which pretty much proves that people who have been pouring their cash into altcoins recently are mostly the same people that were heavily investing in Bitcoin previously. If these were two different and independent of each other groups of people, we wouldn't see the correlation between altcoins on the one side and Bitcoin on the other being close to 1. This is contrary to what many folks here have been claiming

I've been closely watching Bitcoin and Litecoin last days, and Litecoin price moves follow Bitcoin's with perfect precision

Ken1022

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Quote from: STT on May 28, 2017, 07:47:28 PM

The main reason for Panic is a lack of actual usage of Bitcoin. That is the real problem, I'd panic if I'm holding something I never wanted and cant put towards anything. If this is correct, we should be seeing reduced levels of panic as bitcoin progresses in any genuine way. So I'd be looking for a VIX like chart which is like volatility of an index placed in its own instrument.
I think I've see it done somewhere, I'll look and edit/update perhaps but theres some smart Indicator that'll show price swings. I forget which one :/

From a newbie's.... and a panicker's point of view, I can vouch for this. It's the lack of usage and experience thereof. Oh well, we all learn one way or another at some point.

Bedebah

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When prices soared then we would look to sell in a panic, this happened a year ago, I sell 5 btc while the price of $650 ($ 300 profit/btc), if I want to be patient and I get more profits.

STT

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The main reason for Panic is a lack of actual usage of Bitcoin. That is the real problem, I'd panic if I'm holding something I never wanted and cant put towards anything. If this is correct, we should be seeing reduced levels of panic as bitcoin progresses in any genuine way. So I'd be looking for a VIX like chart which is like volatility of an index placed in its own instrument.
I think I've see it done somewhere, I'll look and edit/update perhaps but theres some smart Indicator that'll show price swings. I forget which one :/

jossiel

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Quote from: freedomgo on May 28, 2017, 06:23:26 PM

Quote from: CriptoSven on May 28, 2017, 03:15:52 PM

The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.

Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen.

It's the reason why there are a big impact to the price of bitcoin. Once the whales started to take their profit with the current bitcoin's price.

Newbies are trying to do something so that they won't get some bigger profit. And I did it before when I was newbie before.

And when I saw the price moved lower, I was scared of it will not increase again so I'm starting to sell.

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Quote from: Teraboy on May 28, 2017, 06:41:53 PM

Quote from: freedomgo on May 28, 2017, 06:23:26 PM

Quote from: CriptoSven on May 28, 2017, 03:15:52 PM

The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.

Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen.

That's right, most of them are new in the crypto. I may think if they are never faced the panic sell before. Too many the whales just try to grab more money. The newbies must learn a lot from this case.

The panic selling or any kind of disaster moment is just created by the whales and they do it because they want to shake the hands of the weaklings so they will sell and the whales will take advantage of that and they will grab those cheap dumps from the weak hands and yes most of them are just newbies and they are just victim of manipulation but i think if they will really observing the market then they will actually realized or noticed it.

Teraboy

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Quote from: freedomgo on May 28, 2017, 06:23:26 PM

Quote from: CriptoSven on May 28, 2017, 03:15:52 PM

The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.

Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen.

That's right, most of them are new in the crypto. I may think if they are never faced the panic sell before. Too many the whales just try to grab more money. The newbies must learn a lot from this case.

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Quote from: CriptoSven on May 28, 2017, 03:15:52 PM

The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.

Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen.

SinLinJim

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Quote from: BeGoods on May 28, 2017, 05:03:40 PM

Quote from: White Christmas on May 25, 2017, 08:45:19 PM

Quote from: AsaroUk on June 01, 2016, 09:28:07 AM

Selling will be now not the best thing that you can do and that is because the value is not even that high now and that have to change because the value of Bitcoin is now rising slowly.
And many people are now holding it for a long time because they see that the value of the Bitcoin is rising slowly and that the halving is also coming.

Exactly, its better to hold your bitcoin right now than to sell it. The fact that bitcoin price is continuously increasing, you can get some profit when you hold it. Panic selling is not a good idea because if the price of bitcoin fall instead of getting a profit you'll lose some of it.

The current price is still possible to continue to rise, if the panic selling happens of course the price will soon go down. I expect many users to stay calm in order to avoid panic selling, so the price continues to rise: D

Judging because users themselves in some cases begin to develop a theme of collapse or other negative consequences for Bitcoin, I would not be surprised that in this way panic could be provoked. Although it seems to me that a strong surge in Bitcoin's sales in the market may be induced artificially in order for large whales to purchase crypto currency well.

BeGoods

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Quote from: White Christmas on May 25, 2017, 08:45:19 PM

Quote from: AsaroUk on June 01, 2016, 09:28:07 AM

Selling will be now not the best thing that you can do and that is because the value is not even that high now and that have to change because the value of Bitcoin is now rising slowly.
And many people are now holding it for a long time because they see that the value of the Bitcoin is rising slowly and that the halving is also coming.

Exactly, its better to hold your bitcoin right now than to sell it. The fact that bitcoin price is continuously increasing, you can get some profit when you hold it. Panic selling is not a good idea because if the price of bitcoin fall instead of getting a profit you'll lose some of it.

The current price is still possible to continue to rise, if the panic selling happens of course the price will soon go down. I expect many users to stay calm in order to avoid panic selling, so the price continues to rise: D

Mr

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Quote from: cotton ball on May 28, 2017, 03:48:58 AM

I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.

Not only bitcoin, other altcoins also faced with the same situation and the prices decreased significantly. The reason is mainly caused by panic sellers who can not hold their coin for a long period and rather to earn a small profit than a big profit

CriptoSven

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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.

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Quote from: singularityisnear on May 28, 2017, 02:10:43 PM

Quote from: pacifista on May 28, 2017, 01:40:29 AM

Panic selling are only done by profit takers, if they already seen that they get profit even if its too small they will sell thier bitcoins, profit takers are the traders sometimes.

Not only profit takers, but also losses takers. Remember, some will sell too early, because not everyone really knows the long term potential that Bitcoin has, and thus it becomes difficult to develop some long term thinking.

Maybe we do not have data coming from exact source of bitcoin progress for the future, although we all expect bitcoin prices to continue rising to high levels,
And most of them use bitcoin for trading and investment activities, of course, hoping to profit from their trading and investment business, and I think it's enough to keep bictoin and wait until the maximum price becomes a good investment for the future.

singularityisnear

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Quote from: pacifista on May 28, 2017, 01:40:29 AM

Panic selling are only done by profit takers, if they already seen that they get profit even if its too small they will sell thier bitcoins, profit takers are the traders sometimes.

Not only profit takers, but also losses takers. Remember, some will sell too early, because not everyone really knows the long term potential that Bitcoin has, and thus it becomes difficult to develop some long term thinking.

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Quote from: moviebuff777 on May 28, 2017, 11:02:31 AM

Quote from: virasog on May 28, 2017, 10:53:18 AM

Quote from: pacifista on May 28, 2017, 01:40:29 AM

Panic selling are only done by profit takers, if they already seen that they get profit even if its too small they will sell thier bitcoins, profit takers are the traders sometimes.

I am of the view that Panic selling are not traders. Traders are experienced persons and they know where the market will move beforehand, so there will be no panic buying or selling from traders. Good Traders always buy and sell with proper calculations .Panic sellers are the normal people who have bought bitcoin only to get profit and seeing a dump in the market they sell, gaining whatever profit they can or sometimes even they fear of loss make them less in loss also.

I think of panic selling as when a person buys at a price and the the price drops and they sell to cut their losses but still take a loss. If someone sells for a profit I wouldn't consider that to be panic selling.

I basically agree that you shouldn't be panic selling when you are in profit

But since the notion of panic selling refers mostly to psychological aspects of trading behavior, you can still feel essentially the same when you are selling for profit as when you are irrationally trying to cut your losses. On the other hand, you can cut your losses cold-blooded and with a firm hand. I guess that can't be called panic selling in any way possible. Therefore, panic selling should refer to thoughtless and mindless selling rather than to your current net position when you close it, i.e. whether you are booking profits or cutting losses

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Quote from: moviebuff777 on May 28, 2017, 11:02:31 AM

Quote from: virasog on May 28, 2017, 10:53:18 AM

Quote from: pacifista on May 28, 2017, 01:40:29 AM

Panic selling are only done by profit takers, if they already seen that they get profit even if its too small they will sell thier bitcoins, profit takers are the traders sometimes.

I am of the view that Panic selling are not traders. Traders are experienced persons and they know where the market will move beforehand, so there will be no panic buying or selling from traders. Good Traders always buy and sell with proper calculations .Panic sellers are the normal people who have bought bitcoin only to get profit and seeing a dump in the market they sell, gaining whatever profit they can or sometimes even they fear of loss make them less in loss also.

I think of panic selling as when a person buys at a price and the the price drops and they sell to cut their losses but still take a loss. If someone sells for a profit I wouldn't consider that to be panic selling.

Steadily sell those who do this constantly and systematically. These people have their own sales pattern. They know when to buy, and when to sell. Beginners usually make mistakes and sell at a time when you need to buy

moviebuff777

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Quote from: virasog on May 28, 2017, 10:53:18 AM

Quote from: pacifista on May 28, 2017, 01:40:29 AM

Panic selling are only done by profit takers, if they already seen that they get profit even if its too small they will sell thier bitcoins, profit takers are the traders sometimes.

I am of the view that Panic selling are not traders. Traders are experienced persons and they know where the market will move beforehand, so there will be no panic buying or selling from traders. Good Traders always buy and sell with proper calculations .Panic sellers are the normal people who have bought bitcoin only to get profit and seeing a dump in the market they sell, gaining whatever profit they can or sometimes even they fear of loss make them less in loss also.

I think of panic selling as when a person buys at a price and the the price drops and they sell to cut their losses but still take a loss. If someone sells for a profit I wouldn't consider that to be panic selling.

virasog

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Quote from: pacifista on May 28, 2017, 01:40:29 AM

Panic selling are only done by profit takers, if they already seen that they get profit even if its too small they will sell thier bitcoins, profit takers are the traders sometimes.

I am of the view that Panic selling are not traders. Traders are experienced persons and they know where the market will move beforehand, so there will be no panic buying or selling from traders. Good Traders always buy and sell with proper calculations .Panic sellers are the normal people who have bought bitcoin only to get profit and seeing a dump in the market they sell, gaining whatever profit they can or sometimes even they fear of loss make them less in loss also.

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Quote from: saenko on May 28, 2017, 10:03:59 AM

Quote from: batang_bitcoin on May 28, 2017, 07:14:07 AM

Quote from: cotton ball on May 28, 2017, 03:48:58 AM

I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.

Good thing that you didn't brought up by your feeling. Because if you bought bitcoin at higher price, what's the sense of selling it at lower price? You are trading and the one that will stay in the end will be the strongest. There are a lot of beautiful news that bitcoin is now ready to increase again and now with $3k.

I heard this forecast and believe in it. Now the price is recovering again and this indicates that in the future we will see growth. If we buy bitcoins today, we will win in the future

Yes bitcoin will rise again after the downtime it is just a sign of sucess again, we should buy bitcoins today we can sell it in high value in the future and after that buy bitcoins again repeat.

saenko

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Quote from: batang_bitcoin on May 28, 2017, 07:14:07 AM

Quote from: cotton ball on May 28, 2017, 03:48:58 AM

I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.

Good thing that you didn't brought up by your feeling. Because if you bought bitcoin at higher price, what's the sense of selling it at lower price? You are trading and the one that will stay in the end will be the strongest. There are a lot of beautiful news that bitcoin is now ready to increase again and now with $3k.

I heard this forecast and believe in it. Now the price is recovering again and this indicates that in the future we will see growth. If we buy bitcoins today, we will win in the future

Topic: panic selling - page 49. (Read 111179 times)