Topic: panic selling - page 51. (Read 111217 times)
Don't be ridiculous. Nobody cares what a few people who hold less than five bitcoin say about upcoming market moves. It was CLEAR AS DAY that this price wouldn't last. $2000 was absurd, and will be wiped out. $2700 was a joke, and anyone who didn't clear out their holdings at the top there missed a once in a lifetime chance with this bitcoin thing. There is nothing of value to keep bitcoin high. If something is coming along to replace fiat currency, or be the backbone of an international payment system, it won't be run by hobbyists and gamblers.
There was is a thread where someone is saying that these is a big crash coming very soon to bitcoins, this speculation is sure to cause panic and make lots of people sell even though the person had no proof low lp to back up his claims questions
The crashed had come, there were always thread like that here in our community. He may speculate or has the technical analysis to do, but we know how the price of bitcoin is unstable and we will experienced some crashing along the way. I think it is holding and not dipping as the past 2 days. His speculation may have cause panic to some, but what I have said before, we are all matured enough and used our better judgement to sell or hold and not let a FUD carried you in your decision.
There was is a thread where someone is saying that these is a big crash coming very soon to bitcoins, this speculation is sure to cause panic and make lots of people sell even though the person had no proof low lp to back up his claims questions
^ Most idiotic comment ever
Why would anyone hold stuff which will fall?
?
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever.
You'd be right if they really bought at the lower prices, but I doubt that. Having burned their fingers once with bitcoin they would hardly buy it again even at $200. That's why I'm saying they'd better hold it until now.
Btw today we are experiencing another big panic selling and it's a pity that many people will lose their money if they bought at $2,800+ and are selling now. If they will buy at lower price back that's okay, but most likely those for whom it was their first experience with bitcoin, will never buy it again and will be always thinking of BTC as of a thing with which they lost their money.
Bitcoin is a commodity at best, theres a limited amount and you can hold some but its not an actual investment giving a return on revenue. Its speculative to hold any currency or commodity without any use. If you buy dollars before you go disney land great, you know it'll be used. If you buy dollars with no intention to ever use or exchange it for goods then it becomes far more risky I think. Thats not the fault of bitcoin exactly, I mean they should open up trade more but its on the traders how they deal with their assets,
My own national currency is weak, I see Bitcoin as some way to connect with Dollar strength which is linked to many of my costs. I can justify holding it that way but its still cash like not something productive by itself
If people panic on that basis its their own fault, you own something you didnt want to use. Same thing would apply to gold, to a field of wheat, anything useful or not doesnt mean the product is wrong
My own national currency is weak, I see Bitcoin as some way to connect with Dollar strength which is linked to many of my costs. I can justify holding it that way but its still cash like not something productive by itself
If people panic on that basis its their own fault, you own something you didnt want to use. Same thing would apply to gold, to a field of wheat, anything useful or not doesnt mean the product is wrong
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever
That's why trading purely financial assets is a sort of gambling
I have explained it many times, namely, that whatever strategy you may follow, you are set to lose in the long run unless you can milk the market somehow (i.e. you are an insider, arbitrageur or exchange itself). Moreover, I also often repeat that Bitcoin as such is poor investment for long term (though it is still a nice vehicle for short term speculations) since it is too risky on a long enough timeframe
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever.
I wouldn't suggest anyone to sell any Bitcoins right now since the price of Bitcoin is going up. Since I like to watch the Altcoins go up in value when the price of Bitcoin goes up, there is a large chance that people could make more Bitcoins from participating in the price uptrend.
The only thing that I don't like about people panic selling is that they usually complain when the price of Bitcoin gets really expensive and they can't purchase Bitcoin cheaply.
The only thing that I don't like about people panic selling is that they usually complain when the price of Bitcoin gets really expensive and they can't purchase Bitcoin cheaply.
It's fine if they are going to sell only if they really need some extra cash for their own purpose but don't ever try to sell all the bitcoin that you had. I really hate panic selling, there's no unity between the users and traders, when this panic selling will be stopped for sure we are going to see the price to fly up to the moon.
not seeing it to dump at that level, that is pretty much alarming and will probably cause panic.
A drop of 100% would be Bitcoin going to zero, so it's not that. And 100 dollar drops happen quite frequently in short periods of time. Bitcoin is very volatile and drops $100 sometimes in a matter of hours. We've had several such drops in this first half of 2017 alone.
That is frequently happening to bitcoin and that is very normal to bitcoin. Even if bitcoins value drops by 200$ it will still go back to the current value and will tend to go back up. The dumpers that threaten bitcoin and telling people that bitcoin will melt since they will dump large of bitcoin. But those threats are no longer a threat but it becomes a motivation for some people to save money and prepare to buy more bitcoins since a dump will occur. Today nobody is dumping bitcoins except if necessary.
There's never a guarantee that a drop in any asset price will recover. Thinking so is a fatally flawed way to approach any investment. Bitcoin is not a special exception to the laws of economics. Also, it's been a wild ride the past few days. Bitcoin has dropped about $700 in a 24 hour period now, which is now the largest dollar drop, but at the time represented a 25% decline. That's a crushing drop, but I'm not sure it's the largest. That's how volatile bitcoin has been over the years.
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
Actually selling always doesn't affects the price/value of BTC, there are many other factors responsible as well.
And, Basically new users haven't fully understood the potential of Bitcoins, which makes them fall in fear which results in selling of their Bitcoins.
I also think that the most panicky people are new people. They still do not understand what bitcoin is and they do not have confidence. And they often listened to the skeptics that bitcoin is a bubble.
I dont think that only new people are the most panic sellers , their are also some big traders who also do profit booking and start to sell and even go for short position so that market reacts and go down more and then so they can buy back their sold bitcoins and take another long position
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
Actually selling always doesn't affects the price/value of BTC, there are many other factors responsible as well.
And, Basically new users haven't fully understood the potential of Bitcoins, which makes them fall in fear which results in selling of their Bitcoins.
I also think that the most panicky people are new people. They still do not understand what bitcoin is and they do not have confidence. And they often listened to the skeptics that bitcoin is a bubble.
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
Actually selling always doesn't affects the price/value of BTC, there are many other factors responsible as well.
And, Basically new users haven't fully understood the potential of Bitcoins, which makes them fall in fear which results in selling of their Bitcoins.
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
of course it is based on tough and long time analysis , and still prediction will never be 100% accurate.
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
Why would anyone hold stuff which will fall?
?I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.
There will be no more panic selling this year, although people will be in panic mode in buying bitcoin at this current price, i saw a post on bitcoin discussion that they cant buy cheap btc when september comes.
I think bitcoin users are smart enough nowadays. They will not easily panic as prices rise. They will be patient and see the market situation to make sure first. That's why there is no panic sellingSelling 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.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.
There will be no more panic selling this year, although people will be in panic mode in buying bitcoin at this current price, i saw a post on bitcoin discussion that they cant buy cheap btc when september comes.
I think panic selling tidal happens because of too large demand in the market bitcoin, so it closes panic selling happens. And make the bitcoin price also higherWhat if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Learn from the past mistakes, Because me as a trader I make a many lose because of panic selling so I think now If that will happen I will not sell my coins rather bitcoin because I am sure that after that huge dump the bitcoin price will pump again and surpass the last pick price that he make because bitcoin have a many supporters. What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?
Learn from the past mistakes, Because me as a trader I make a many lose because of panic selling so I think now If that will happen I will not sell my coins rather bitcoin because I am sure that after that huge dump the bitcoin price will pump again and surpass the last pick price that he make because bitcoin have a many supporters. 
^ Most idiotic comment ever
Why would anyone hold stuff which will fall??
It is a sure thing going that bitcoin prices will definitely go down? But the falling price is a reasonable cycle in bitcoin. And the price will definitely go back up because it's a cycle. So that's why we hold backWhy would anyone hold stuff which will fall?
?lead to that action and they will regret in the end once the price started to pump.
Smart traders makes money from dumb people, they tend to make fast and easy money without understanding the market
that's why they loss.
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