panic selling - page 53. | Bitcointalksearch.org

Wintorez

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Quote from: vapourminer on May 22, 2017, 04:05:20 PM

back in the day i panic sold a few times. btc, ltc, eth.

in each case if i had hodled i would have in much better shape. i mostly hodl now and sell a bit here and there when the price is good.

live and learn.

Of course it's easy for you to say if you probably already do Bitcoin For a long time and you know a lot of all sorts of nuances. Due to the fact that you own more information, and you even learn more easily, unlike those who are just starting out. Since I'm new in this sphere, it's difficult for me to figure out where I need to pay more attention, And where everything is missing between my fingers. But I'm good at learning and I can quickly figure it all out. One thing I learned the exact time of reading the forum, is that you can not run and sell your Bitcoin in a panic, because he has not returned to stable and active growth anyway.

vapourminer

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what is this "brake pedal" you speak of?

back in the day i panic sold a few times. btc, ltc, eth.

in each case if i had hodled i would have in much better shape. i mostly hodl now and sell a bit here and there when the price is good.

live and learn.

STT

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Quote from: tittensor on May 22, 2017, 11:55:47 AM

I do not think this trend this year is panic selling, exactly is buying Bitcoin rushing.
After the recent WannaCry event, Bitcoin has become overheated with so many internet users, I must admit, WannaCry is a very good Bitcoin ad campaign, which makes most businesses and investors unbelievable wall review. Just a week after WannaCry, Bitcoin prices skyrocketed to $ 2,000. In the future, Bitcoin prices will reach about $ 2600 or $ 4,000 (my think) Tongue

The virus was not the driver for this rally thankfully, forced buying did not come from that direction in any great amount. Its not a good example for bitcoin to be used in global trade. The amounts paid by those suffering the virus was under 1% of victims and even bitcoin has a far larger daily turn over then the sums involved.

The dynamic is still about China and restricted national currencies, imbalance in FIAT currency leading to usage of alternate value systems. We still have giant amounts of politics interfering with finance and trade, this is a kind of hostage attack and virus in the system causing bitcoin to be more popular so long as it remains with integrity.

angrynerd88

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Quote from: lemipawa on May 22, 2017, 11:34:28 AM

I see panic buying instead of panic selling. Panic buying because this might be the last time we can see Bitcoin at $2,1++ level. The price of Bitcoin continues to climb its way up like nothing can stop it. Buy it now or you might regret that you did not buy more Bitcoins when it is still priced at $2,1++ level.

I completely agree with you on this as price is moving higher and higher and now if wait for the price to go down then we will be surely wasting our time as we may now see only price climbing up so if you have any plans to buy bitcoins then without waiting for price drop you should start buying as in future we may never see the price that bitcoin is holding today.

tittensor

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I do not think this trend this year is panic selling, exactly is buying Bitcoin rushing.
After the recent WannaCry event, Bitcoin has become overheated with so many internet users, I must admit, WannaCry is a very good Bitcoin ad campaign, which makes most businesses and investors unbelievable wall review. Just a week after WannaCry, Bitcoin prices skyrocketed to $ 2,000. In the future, Bitcoin prices will reach about $ 2600 or $ 4,000 (my think) Tongue

STT

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Panic buying yes, maybe we should start a new thread. However I'm betting a few old hands who've seen this before are apprehensive about such dynamics and would prefer slow and steady as she goes, vs this rush in either direction.

Finance typically has to be about stability or it fails as a concept and people will go back to holding blocks of metal or whatever they have personal asset value in. Yes dollars are incredibly over valued and the debt is misdirected worth, bitcoin is benefiting from its failure as a wealth generator. (inflation exceeds returns in short)

However stability is always best and volatility can lead to higher prices then is correct as well the opposite, I hope the devs are wisely deliberating the best move for the protocol as none of us wants to spend another couple years watching a flat graph.

lemipawa

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I see panic buying instead of panic selling. Panic buying because this might be the last time we can see Bitcoin at $2,1++ level. The price of Bitcoin continues to climb its way up like nothing can stop it. Buy it now or you might regret that you did not buy more Bitcoins when it is still priced at $2,1++ level.

pealr12

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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.

megynacuna

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Well if you panic and sell a this time it's entirely up to you because the evidence is there for all to see, those that encourage selling especially by causing fear and panic have grand agenda that the seek to establish so I will advice all to ignore those negative media propaganda about Bitcoin

Rufsilf

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Panic selling is one of the common mistake of all traders in the market because they have weak hand and they can't resist the dumping scenario and they just sell their coins to the bids and take their losses, If you want a better version of yourself you should know how to manage emotions and don't always panic sell.

gabmen

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Quote from: ivanpoldark on May 22, 2017, 01:42:20 AM

Quote

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

People already started to understand that bitcoin represents a long term investment. There no point to sell it on 2000, then to buy again on 5000, 1000.

indeed. many of us who's been dealing with btc for quite some time know that selling in panic would just make you lose the peak time for selling. well I too thought that after breaching 2k there would be a decline though it's not surprising that users nowadays look a bit futher to the future. I still think though that there will be a drop in price and i'd just have to wait for that to replenish my btcs

terrate

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Quote from: KennyR on May 22, 2017, 04:59:46 AM

Yesterday panic selling might have took place in a large scale. Once the price moved closer to $2100 and in a short towards $2000 people who have been planning to sell at the highest price might have sold their holdings. Now looking today's price it could have made them to invest at least a part that's been exchanged to fiat.

that one actually not panic selling. They just feel the level reached and over 2k point ald and good time to sell.
now dont have panic selling.

The last panic is the SEC one lol...

KennyR

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Yesterday panic selling might have took place in a large scale. Once the price moved closer to $2100 and in a short towards $2000 people who have been planning to sell at the highest price might have sold their holdings. Now looking today's price it could have made them to invest at least a part that's been exchanged to fiat.

Theb

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Quote from: Kemarit on May 22, 2017, 03:30:40 AM

Quote from: batang_bitcoin on May 22, 2017, 02:25:05 AM

Quote from: ivanpoldark on May 22, 2017, 01:42:20 AM

Quote

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

People already started to understand that bitcoin represents a long term investment. There no point to sell it on 2000, then to buy again on 5000, 1000.

It's true that there's no point to do selling today if you think and believe that the price of bitcoin will increase soon. But for others profit is profit, and once they understand that bitcoin is a great long term investment they will soon realize it that there's mwe to come if they won't panic.

Well its inevitable, we have break the mental barrier price ($2000). I think that casual traders are waiting for this to happened so that they can make a profit. We can't blame them for that. I'm just hoping there will be no regrets at the end because the price is really going up. I personally, would not panic and sell my bitcoin. I will still hold on as I can because just like I said the price will be so strong at the end of the year.

You may be wondering why even though it went way above 2000$ it still not falling. Well the answer to that maybe because of a lot of new investors bought Bitcoin at a high price which means around 1900$ and above which investors would not accept a 100$ gain. That is why right now old and new investors are enjoying the price action of Bitcoin.

Kemarit

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Quote from: batang_bitcoin on May 22, 2017, 02:25:05 AM

Quote from: ivanpoldark on May 22, 2017, 01:42:20 AM

Quote

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

People already started to understand that bitcoin represents a long term investment. There no point to sell it on 2000, then to buy again on 5000, 1000.

It's true that there's no point to do selling today if you think and believe that the price of bitcoin will increase soon. But for others profit is profit, and once they understand that bitcoin is a great long term investment they will soon realize it that there's mwe to come if they won't panic.

Well its inevitable, we have break the mental barrier price ($2000). I think that casual traders are waiting for this to happened so that they can make a profit. We can't blame them for that. I'm just hoping there will be no regrets at the end because the price is really going up. I personally, would not panic and sell my bitcoin. I will still hold on as I can because just like I said the price will be so strong at the end of the year.

batang_bitcoin

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Quote from: ivanpoldark on May 22, 2017, 01:42:20 AM

Quote

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

People already started to understand that bitcoin represents a long term investment. There no point to sell it on 2000, then to buy again on 5000, 1000.

It's true that there's no point to do selling today if you think and believe that the price of bitcoin will increase soon. But for others profit is profit, and once they understand that bitcoin is a great long term investment they will soon realize it that there's mwe to come if they won't panic.

szpalata

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Quote from: ivanpoldark on May 22, 2017, 01:42:20 AM

Quote

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

People already started to understand that bitcoin represents a long term investment. There no point to sell it on 2000, then to buy again on 5000, 1000.

Exactly so I'm hopeful with time all the panic sellers will start believing again and will not be swayed by just any untrue negative information that passes by.

ivanpoldark

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Quote

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

People already started to understand that bitcoin represents a long term investment. There no point to sell it on 2000, then to buy again on 5000, 1000.

Sled

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Quote from: freedomgo on May 21, 2017, 10:42:44 PM

Quote from: Pettuh4 on May 21, 2017, 06:08:10 PM

Don't fret over any little decline people, just keep on keeping on and hoard as much as you can so that the wrong people won't make us sell to them for them to gain more control to centralize Bitcoin.

Price drop is normal, there is a price correction that is going to happen but it doesn't mean it will continue to drop, if you have a weak hands you will probably gonna sell and be panic. Believe me it will rise up again but that requires a great discipline from you as an investor so you will not be tempted, be educated and update yourself.

We don't need to be worry about the price drops of bitcoin because it is very normal. Bitcoin is only depending on the demand of the people in the market so we can't be that so angry if the price drops because the only thing that we can and the best is, buy the dips and continue holding and sell it if the pumps occur and that is how you will make money.

freedomgo

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Quote from: Pettuh4 on May 21, 2017, 06:08:10 PM

Don't fret over any little decline people, just keep on keeping on and hoard as much as you can so that the wrong people won't make us sell to them for them to gain more control to centralize Bitcoin.

Price drop is normal, there is a price correction that is going to happen but it doesn't mean it will continue to drop, if you have a weak hands you will probably gonna sell and be panic. Believe me it will rise up again but that requires a great discipline from you as an investor so you will not be tempted, be educated and update yourself.

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