panic selling - page 62. | Bitcointalksearch.org

asriloni

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Quote from: btvlGainer on May 02, 2017, 06:54:27 AM

Quote from: BeGoods on May 02, 2017, 06:24:04 AM

Quote from: cryp24x on April 30, 2017, 06:40:08 PM

Quote from: J9901 on April 30, 2017, 05:56:29 PM

The reason behind panic selling is that people lack patience and they get panic when they see price going down and start selling their coins at cheaper price and I think that is the time when we should hold our coins tight and wait for the price to bounce back again but generally people doesn't follow this simple rule.

It is not the patience that triggers panic selling. It is the lack of knowledge on what it is their holding. Lack knowledge meand lack of faith, and lack of faith means easily get shaken when dumps occurs, may it valid or fake dump. So the first move this people who lack faith is to sell their holdings the soonest the can.

Impatient will also have the effect of panic because if you are patient you will survive and not panic when the price goes down. Knowledge also gives effect. If you have any knowledge of course you know the bitcoin price cycle and want to be patient in holding bitcoin

Without patience in trade, there is nothing to do, because these can only create yourself the additional stress and loss of funds.

Patience will be very suitable for the longterm investment, In trading and if you're want to short the coin and it just takes a right timing to get on the trade market.

And a lot of factors need to be considered before try to take a long-term decision.

I think some coin will not worth to be longterm investment especially like EDR and something like that's just a scam coin.

virasog

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Quote from: btvlGainer on May 02, 2017, 06:54:27 AM

Quote from: BeGoods on May 02, 2017, 06:24:04 AM

Quote from: cryp24x on April 30, 2017, 06:40:08 PM

Quote from: J9901 on April 30, 2017, 05:56:29 PM

The reason behind panic selling is that people lack patience and they get panic when they see price going down and start selling their coins at cheaper price and I think that is the time when we should hold our coins tight and wait for the price to bounce back again but generally people doesn't follow this simple rule.

It is not the patience that triggers panic selling. It is the lack of knowledge on what it is their holding. Lack knowledge meand lack of faith, and lack of faith means easily get shaken when dumps occurs, may it valid or fake dump. So the first move this people who lack faith is to sell their holdings the soonest the can.

Impatient will also have the effect of panic because if you are patient you will survive and not panic when the price goes down. Knowledge also gives effect. If you have any knowledge of course you know the bitcoin price cycle and want to be patient in holding bitcoin

Without patience in trade, there is nothing to do, because these can only create yourself the additional stress and loss of funds.

Yes, indeed, things will just stress you out, just be patience on having your coin in your wallet, hold it and wait until it gets higher, bitcoin is good investment no need to panic since there are lots of people who is getting into it. Patience is the main element to focus here.

lienfaye

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Quote from: bitbunnny on May 02, 2017, 07:25:06 AM

Having in mind the current price and the potential that could be seen many who have sold their coins in panic not so long time ago, now are probably regreting it. This is another proof that you have to think twice before making sudden decisions and it's good to keep the cool head.
So, cool head, patience and keeping eye close on the market, this is the receipe to survive on Bitcoin world.

Indeed, good thing i didnt sell my bitcoins last week because if i did i will never experience this moment that i gain with my investment. patience is really the key if you are an investor because youll never know whats waiting ahead. so think carefully before you sell there might be good opportunity when you hold on.

klaaas

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Quote from: btvlGainer on May 02, 2017, 06:54:27 AM

Without patience in trade, there is nothing to do, because these can only create yourself the additional stress and loss of funds.

That sounds more like a investment if you buy and hold for a long periode.
Panic selling starts when your losses get to high from the point you bought inn and not want or cant take more losses.
People who are already on the gain dont sell out of panic.

Apened

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Quote from: bitbunnny on May 02, 2017, 07:25:06 AM

Having in mind the current price and the potential that could be seen many who have sold their coins in panic not so long time ago, now are probably regreting it. This is another proof that you have to think twice before making sudden decisions and it's good to keep the cool head.
So, cool head, patience and keeping eye close on the market, this is the receipe to survive on Bitcoin world.

Yes ,because if you think and get with the flow of your emotions you will result in wrong decisions.
In selling it is good when you sell at high price but more i observe many sold their coins at low price of waiting the ath of the ath..

bitbunnny

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Having in mind the current price and the potential that could be seen many who have sold their coins in panic not so long time ago, now are probably regreting it. This is another proof that you have to think twice before making sudden decisions and it's good to keep the cool head.
So, cool head, patience and keeping eye close on the market, this is the receipe to survive on Bitcoin world.

btvlGainer

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Quote from: BeGoods on May 02, 2017, 06:24:04 AM

Quote from: cryp24x on April 30, 2017, 06:40:08 PM

Quote from: J9901 on April 30, 2017, 05:56:29 PM

The reason behind panic selling is that people lack patience and they get panic when they see price going down and start selling their coins at cheaper price and I think that is the time when we should hold our coins tight and wait for the price to bounce back again but generally people doesn't follow this simple rule.

It is not the patience that triggers panic selling. It is the lack of knowledge on what it is their holding. Lack knowledge meand lack of faith, and lack of faith means easily get shaken when dumps occurs, may it valid or fake dump. So the first move this people who lack faith is to sell their holdings the soonest the can.

Impatient will also have the effect of panic because if you are patient you will survive and not panic when the price goes down. Knowledge also gives effect. If you have any knowledge of course you know the bitcoin price cycle and want to be patient in holding bitcoin

Without patience in trade, there is nothing to do, because these can only create yourself the additional stress and loss of funds.

BeGoods

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Quote from: cryp24x on April 30, 2017, 06:40:08 PM

Quote from: J9901 on April 30, 2017, 05:56:29 PM

The reason behind panic selling is that people lack patience and they get panic when they see price going down and start selling their coins at cheaper price and I think that is the time when we should hold our coins tight and wait for the price to bounce back again but generally people doesn't follow this simple rule.

It is not the patience that triggers panic selling. It is the lack of knowledge on what it is their holding. Lack knowledge meand lack of faith, and lack of faith means easily get shaken when dumps occurs, may it valid or fake dump. So the first move this people who lack faith is to sell their holdings the soonest the can.

Impatient will also have the effect of panic because if you are patient you will survive and not panic when the price goes down. Knowledge also gives effect. If you have any knowledge of course you know the bitcoin price cycle and want to be patient in holding bitcoin

phr0stbyt3

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Quote from: Mersedes on April 03, 2017, 04:13:21 AM

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Quote from: Xester on February 10, 2017, 07:42:15 AM

Its normal especially to newbies in bitcoin and trading to panic when the price is going down. They tend to do that because they lack experience and enough knowledge about the nature of bitcoins and trading. But the longer they are in the business and their experience becomes wider then they will no longer panic and just do proper trading leaving strong emotion aside that impedes their judgment.

Well if you see most of the people who have invested are newbies itself. There are very less people who actually take the effort to
know more about the currency and how it works. Basically people see that bitcoin was 0.1$ some 7 years ago and now it is 900$ so
they invest in it. And when it reaches 1000$ and starts falling a bit they start selling.

If they only look at how the price has performed in last years, and take for granted that it will happen again, then they are just blindly buying (also known as gambling) themselves into Bitcoin. If you take into consideration that the price tanks heavily every now and then, then it's just a matter of time before these people get shaken out of the market with heavy losses as result. They either learn from it, or simply remove themselves entirely from investing in Bitcoin.

What makes you say that bitcoin is gonna disappoint it's investors. I agree there are ups and lows but if you see in long run it is profitable. The limited supply is one of the reason that makes me trust on the currency that it won't end up like gold. Even though most of the investor do blindly invest but I don't think they will ever regret about this in the future.

I nowhere stated that Bitcoin is going to disappoint investors. I was talking about how newbies get shaken out of the market as they completely ignore the recent market situation because they base their decisions on how the market has performed in the past. People (newbie or senior investor) if they blindly buy they need a lot of luck to leave with profits, or they (most likely) sell in panic due to their expectations not being met.

I don't think there is currently in the bitcoin community who actually sells his bitcoin as a loss because no matter what happens bitcoin price will surely increase in the future no matter what happens. Selling bitcoin at a loss is the worst decision a holder can ever do.

Such a decision can only be made by the person who does not believe in bitcoin. These are random people in the bitcoin community.
I think that before you sell, you need to carefully study the news and analyze the market

Actually i have noticed those people who are against bitcoin and keep on criticising it are the ones who have invested most of their savings in it. I just don't get it what will they actually get if they don't support bitcoin as more support = more price. And recent stats show that it is getting full support from the new community

Gozie51

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I guess we are looking @ the law of gravity.

There is expectation of a slight drop that could lead to a rebounds up north.

strategics

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Quote from: mindrust on June 01, 2016, 07:42:34 AM

If there is not a bad event to make everybody panic than no, that 1-guy-panic-sell won't affect anybody's thoughts.

On the contrary, that single man dump will be filled up with the buy orders and price will be the same as before.

Only if there is a rumor/fact like a mass hacking/banning news or smth like that can make everyone to dump their coins.

One should only sell if the technology they believe in is broken. FUD talk is mainly intended to get cheap bitcoin from weak hands.

Finestream

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Quote from: Zazzu on May 01, 2017, 04:58:18 PM

Even if price starts going down in coming days I will never get panic and will hold my coins till price bounce back once again and instead of selling my coins at lower price I will try to buy more coins at lower price to have more amount of bitcoins in my wallet.

That's a good attitude, if you panic you will lose in the game because in the the people who have a good patience will be victorious. I have no idea when will the price increase will stop or the value will dump but right at this very moment, it is the right time where we must be more active in monitoring the value of bitcoin so we can make the right timing to sell.

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Even if price starts going down in coming days I will never get panic and will hold my coins till price bounce back once again and instead of selling my coins at lower price I will try to buy more coins at lower price to have more amount of bitcoins in my wallet.

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Quote from: Palodar on April 30, 2017, 08:42:43 PM

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Quote from: batang_bitcoin on April 30, 2017, 09:35:06 AM

Quote from: Mbah Tyo on April 30, 2017, 09:12:18 AM

The panic in the sale will bring harm, so try to stay relaxed in the face of any severe situation, because it will return to normal just take time to recover as before

It will bring harm to them because they are the one that decided to sell their bitcoins. Because they think that their profit is already enough but they are the ones that are giving some doubts about bitcoin's pump. Instead of making bitcoin pump, when they are doing panic selling they are not helping anymore.

But if the price of bitcoins exceeds their entry price and if its giving them huge profits then I don't think its smart to hold their coins at that stage and instead they should be sold to get huge profits from it as if you will never sell your coins then you will never make profits from it.

Profit is profit and there are traders that are doing it as long as they had their expected price. Just like me, I'm doing this sometimes but for only the small portion of my bitcoins. It's suggested that when you have the right profit already don't have doubts on selling it but the wrong thing is that most of us are doing panic selling when we are seeing the price to fall.

The reason behind panic selling is that people lack patience and they get panic when they see price going down and start selling their coins at cheaper price and I think that is the time when we should hold our coins tight and wait for the price to bounce back again but generally people doesn't follow this simple rule.

Yes patience is being gone to those holders specifically long time holders. But for traders, as long as they are having enough profit, they are not doubting their move for selling their coins. I just experienced the disadvantage of being a panic seller. Because you surely will regret this move upon seeing the price to pump.

After knowing bitcoins since long time we cannot afford to repeat the same mistake again and again by selling our coins at lower price when price starts falling even I have made the same mistake in past when I was new to bitcoins but now I will prefer to hold them even if price dumps.

Yes doing the same mistake is not a mistake anymore, it's a choice. But we can't blame those people that are committing the same mistake as we are already aware of what is happening when people are doing panic selling. We are just adding another panic to the community. But as expected, the price will be fine later on.

Doing a mistake over and over again is just a mistake too even if it is his choice. People are not perfect that's why mistake was always with us. It only matters on what we learned from our mistakes and used it on our future.

You will find many people who will keep on repeating same mistake again and again and if they are not learning from their mistakes then I think bitcoin is not the right place for them as with that mentality they will never be able to make good profits from it.

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Quote from: Palodar on April 30, 2017, 08:42:43 PM

Quote from: batang_bitcoin on April 30, 2017, 08:37:39 PM

Yes doing the same mistake is not a mistake anymore, it's a choice. But we can't blame those people that are committing the same mistake as we are already aware of what is happening when people are doing panic selling. We are just adding another panic to the community. But as expected, the price will be fine later on.

Doing a mistake over and over again is just a mistake too even if it is his choice. People are not perfect that's why mistake was always with us. It only matters on what we learned from our mistakes and used it on our future.

It's quite odd if you are already aware about that mistake, then what's the reason for doing that again. And if you also know how the price of bitcoin moves then you have the idea that when the price is suddenly falling that can increase again. Just like what is happening now, we are seeing the price of bitcoin at very high.

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