panic selling - page 85. | Bitcointalksearch.org

strunberg

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#SWGT PRE-SALE IS LIVE

Quote from: Snorek on March 05, 2017, 05:59:57 PM

Quote from: lionheart78 on March 05, 2017, 05:54:22 PM

Honestly buyers want to get cheap bitcoin, maybe they should gamble and wait after the ETF approval. If it is disapproved then they can buy Bitcoin from holders that will dump their Bitcoin and hope that whales will take advantage of it to pull the price further down . And if it is approved they can start panick buying since price will start to soar after the approval. I believe even buying after the decision , approved or disapproved is still the best timing.

I don't think we will see price collapse or price will return to sub $1000 level. Traders know that COIN ETF is likely to not pass this time so the effect on the price won't be significant.
Another thing is that we need to get used to expensive bitcoin, we wanted it, so we got it. Hoping for the dumps just so you can buy cheap coins is silly.

Now the days are gone where you could buy them at cheaper price as we are continuously seeing increase in the price of bitcoins and it will continue to go higher in future too, and even if ETF doesn't gets approved I don't think it will have major impact on the price of bitcoins and its always a good time to buy bitcoins as price will be definitely higher in long run.

Snorek

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Quote from: lionheart78 on March 05, 2017, 05:54:22 PM

Honestly buyers want to get cheap bitcoin, maybe they should gamble and wait after the ETF approval. If it is disapproved then they can buy Bitcoin from holders that will dump their Bitcoin and hope that whales will take advantage of it to pull the price further down . And if it is approved they can start panick buying since price will start to soar after the approval. I believe even buying after the decision , approved or disapproved is still the best timing.

I don't think we will see price collapse or price will return to sub $1000 level. Traders know that COIN ETF is likely to not pass this time so the effect on the price won't be significant.
Another thing is that we need to get used to expensive bitcoin, we wanted it, so we got it. Hoping for the dumps just so you can buy cheap coins is silly.

lionheart78

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Quote from: Yesterdam on March 04, 2017, 07:01:55 AM

Quote from: Maslate on March 01, 2017, 11:37:18 PM

Quote from: varyspro on March 01, 2017, 04:34:26 PM

Quote from: Doamader on March 01, 2017, 03:43:17 PM

This happens all days, people trade all day, all crypto currencies, bitcoin always has the biggest ammount, even with some altcoins showing up like dash. Im pretty sure on the next days a dump will come at bitcoin like what happened ad January, because at the moment there arent any news to impact the bitcoin price, besides the wish of people to see bitcoin breaking walls.

Yes, I also think that soon the price of Bitcoin decline slightly. That's when we all see a lot of hysterical people who will sell all of its assets

It's possible to decline because that is how the market behave, but the question is, does it cause a panic selling?
My opinion is not, people already given their trust with bitcoin and they know how strong it is, if the fact that it will fall we already expected it to rise again. Hence, if you sell and panic, you will not take the opportunity to grow your money.

Many people know about bitcoin now. They want to buy some. So even if there is some decline, that will not be too deep.

Honestly buyers want to get cheap bitcoin, maybe they should gamble and wait after the ETF approval. If it is disapproved then they can buy Bitcoin from holders that will dump their Bitcoin and hope that whales will take advantage of it to pull the price further down . And if it is approved they can start panick buying since price will start to soar after the approval. I believe even buying after the decision , approved or disapproved is still the best timing.

jaysabi

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Quote from: deisik on February 10, 2017, 04:43:47 AM

Quote from: jaysabi on February 09, 2017, 11:05:23 PM

Quote from: deisik on February 06, 2017, 04:38:41 AM

Quote from: jaysabi on February 05, 2017, 04:04:49 PM

Quote from: deisik on February 05, 2017, 03:27:07 PM

And what does it change in practice?

Some folks may freak out even if the stock goes down just a few percentages (why they are buying stocks in the first place is another question, though). I guess the very fact of buying trash stocks has already plenty of irrationality in it built in. If you were rational, you would most likely stay away from such stocks altogether (unless you have insider information, of course). People are eager to hope for something out of nothing (just look at ICOs), and when the stocks they have bought in mostly futile hopes of future hefty profits invariably crash, they panic sell them

High risk stocks carry the opportunity for high reward. That's not irrational; it's a question of your appetite for risk. If you're looking to take on a lot of risk in hopes of high gains, that's rational. But I am saying that my definition of panic selling necessitates an element of irrationality of thought. The things you listed, (selling out of a company that was found to be fraudulent, for example) would not be an irrational selling, so it would not be panic selling. For me, fast selling and panic selling are not synonymous. The differentiatior is whether or not there is a degree of rationality. Selling out of ICOs (or IPOs, or any stock holding for that matter) because the price is dropping (and solely without consideration of anything else) would fit my definition of panic selling. But selling out of an ICO (or anything else) because the price is dropping and you have no expectation that the coin or company serves any market function and the economic prospects are therefore impaired, would not be, because it's based on a rational investment thesis

This seems to be a moot point

But my point is that you can't easily tell the first from the second, while trash stocks (as well as most ICOs, for that matter) generally have more irrationality in them. It is so simply because expecting higher returns for higher risks is not rational itself (unless you are an insider). It is more like gambling, though unlike the latter when you (start to) lose you have a chance of constraining your losses by quickly selling out failing stocks in your portfolio

Whether you can tell easily or not whether something is panic selling has no effect on whether it's actually panic selling

Higher reward for higher risk is the cornerstone of capitalism. It's not only rational, it's beyond question. Why do risky borrowers have to pay higher interest rates? Because the higher risk demands a higher potential return on the investment by the lender. Expecting higher returns for higher risk is exactly why people invest in riskier assets. It's the epitome of rationalism. You can sell out of a risky investment to pare losses, and it can be either a panic sell or it could not be a panic sell. The determinant is whether you're doing so emotionally (irrationally) or with a clear head (rationally). Just because something is irrational doesn't make it ultimately wrong. You could save yourself money by acting irrationally and still have the action be irrational because of the motivation that drove it. I suppose that's how my definition of panic selling differs from yours. The sole qualifier is the motivation for the sell, not the degree or risk of the investment.

You are contradicting your own claims

At first, you say that it is entirely determined by your attitude in respect to how you are selling, i.e. whether you are selling in panic or not, and then you basically proceed to claim that this is irrelevant since this cannot be used as yardstick (or determinant, in your speak). But what can then be? Maybe, I'm missing something in your logic. Regarding higher rewards for higher risk being the cornerstone of capitalism, that has nothing to do with capitalism as such. If you are gambling and getting just that (i.e. higher rewards for higher risks) does it mean that it is capitalism too? Apart from that, irrational simply cannot be judged in terms of wrong and right. It is just irrational. In fact, I just say that higher rewards coupled with higher risk have more irrationality built in. I don't say that anyone can't actually get these rewards in the end

The point on reward:risk was only that expecting higher return on a riskier investment is by definition not irrational, as that is 1) logical and 2) the underpinning of capitalism. Expecting a lower return on a riskier investment would be irrational. The degree of risk solely does not determine rationality; rationality can only be determined as a function of risk and reward (in this specific context).

Any contradiction in regards to my other point on panic selling is a function of evolving my own definition on the matter as you've given me new points to consider.

lordquanta

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Looks like bitcoin is stagnated around 1270$ . Minor dump is observed but it was quickly recovered with the another pump.

lilit

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Quote from: ophyrim on March 04, 2017, 06:08:41 PM

Quote from: cryp24x on March 04, 2017, 05:58:33 PM

Quote from: Dimelord on March 04, 2017, 12:11:27 PM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Such dumps can be done only in altcoins in which marketcap is low.Bitcoin cannot be dumped easily as its market cap is very high.But the only people who could dump bitcoin now is chinese as they hold lots of bitcoins due to big mining farms.We just saw that effect two months before when chinese bitcoin holders sold their bitcoins due to PBOC actions.

If you look at bitcoin history maybe you need to think again. Dumps can happen to any market. Especially when a whale wanted to exit. We cannot remove the fact that in every trading market, there is always whales who have influence and have a huge holdings that whenever he planned to exit can cause a massive dump to the market. Bitcoin is no exemption. When weak hand saw this, they are quickly shaken and thus resulting for further dump.

You are right the patience and cold bloodiness will always win. People who try to trade in the markets have to learn these two abilities. Sometimes is not easy, but it is necessary.

In the first place, conducting financial transactions, you need to have self-confidence and firmness of their intentions. Personal knowledge of the business can be silent, because they have to be one hundred protsentovye. A panic is the lot of beginners and those who have little interest in this matter.

ophyrim

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Quote from: cryp24x on March 04, 2017, 05:58:33 PM

Quote from: Dimelord on March 04, 2017, 12:11:27 PM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Such dumps can be done only in altcoins in which marketcap is low.Bitcoin cannot be dumped easily as its market cap is very high.But the only people who could dump bitcoin now is chinese as they hold lots of bitcoins due to big mining farms.We just saw that effect two months before when chinese bitcoin holders sold their bitcoins due to PBOC actions.

If you look at bitcoin history maybe you need to think again. Dumps can happen to any market. Especially when a whale wanted to exit. We cannot remove the fact that in every trading market, there is always whales who have influence and have a huge holdings that whenever he planned to exit can cause a massive dump to the market. Bitcoin is no exemption. When weak hand saw this, they are quickly shaken and thus resulting for further dump.

You are right the patience and cold bloodiness will always win. People who try to trade in the markets have to learn these two abilities. Sometimes is not easy, but it is necessary.

batang_bitcoin

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Quote from: Coinonat on March 04, 2017, 05:44:30 PM

yes of course there will be very bad effect in form of price drop.

That will always be the reason why the price is dropping. When majority of us starts to panic selling or even just selling. But as of now, we do know that the price can simply drop and when most of us sees it will fall then we don't have choice but to become hasty and sell out our coins.

cryp24x

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Quote from: Dimelord on March 04, 2017, 12:11:27 PM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Such dumps can be done only in altcoins in which marketcap is low.Bitcoin cannot be dumped easily as its market cap is very high.But the only people who could dump bitcoin now is chinese as they hold lots of bitcoins due to big mining farms.We just saw that effect two months before when chinese bitcoin holders sold their bitcoins due to PBOC actions.

If you look at bitcoin history maybe you need to think again. Dumps can happen to any market. Especially when a whale wanted to exit. We cannot remove the fact that in every trading market, there is always whales who have influence and have a huge holdings that whenever he planned to exit can cause a massive dump to the market. Bitcoin is no exemption. When weak hand saw this, they are quickly shaken and thus resulting for further dump.

tripplewarz

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Quote from: ophyrim on March 04, 2017, 05:52:25 PM

Quote from: Yesterdam on March 04, 2017, 07:01:55 AM

Quote from: Maslate on March 01, 2017, 11:37:18 PM

Quote from: varyspro on March 01, 2017, 04:34:26 PM

Quote from: Doamader on March 01, 2017, 03:43:17 PM

This happens all days, people trade all day, all crypto currencies, bitcoin always has the biggest ammount, even with some altcoins showing up like dash. Im pretty sure on the next days a dump will come at bitcoin like what happened ad January, because at the moment there arent any news to impact the bitcoin price, besides the wish of people to see bitcoin breaking walls.

Yes, I also think that soon the price of Bitcoin decline slightly. That's when we all see a lot of hysterical people who will sell all of its assets

It's possible to decline because that is how the market behave, but the question is, does it cause a panic selling?
My opinion is not, people already given their trust with bitcoin and they know how strong it is, if the fact that it will fall we already expected it to rise again. Hence, if you sell and panic, you will not take the opportunity to grow your money.

Many people know about bitcoin now. They want to buy some. So even if there is some decline, that will not be too deep.

You are right man, the panic sell is the opportunity to buy some cheap bitcoin. We will see at the 11 march. If the decision on bitcoin ETF is negative there will be a panic sell. To buy or not to buy is your decision.

There are people that are specifically provoke panic but you need time, and do not need to wait for a specific date. The first thing to ignore and believe in bitcoin.

ophyrim

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Quote from: Yesterdam on March 04, 2017, 07:01:55 AM

Quote from: Maslate on March 01, 2017, 11:37:18 PM

Quote from: varyspro on March 01, 2017, 04:34:26 PM

Quote from: Doamader on March 01, 2017, 03:43:17 PM

This happens all days, people trade all day, all crypto currencies, bitcoin always has the biggest ammount, even with some altcoins showing up like dash. Im pretty sure on the next days a dump will come at bitcoin like what happened ad January, because at the moment there arent any news to impact the bitcoin price, besides the wish of people to see bitcoin breaking walls.

Yes, I also think that soon the price of Bitcoin decline slightly. That's when we all see a lot of hysterical people who will sell all of its assets

It's possible to decline because that is how the market behave, but the question is, does it cause a panic selling?
My opinion is not, people already given their trust with bitcoin and they know how strong it is, if the fact that it will fall we already expected it to rise again. Hence, if you sell and panic, you will not take the opportunity to grow your money.

Many people know about bitcoin now. They want to buy some. So even if there is some decline, that will not be too deep.

You are right man, the panic sell is the opportunity to buy some cheap bitcoin. We will see at the 11 march. If the decision on bitcoin ETF is negative there will be a panic sell. To buy or not to buy is your decision.

Coinonat

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yes of course there will be very bad effect in form of price drop.

mega

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Quote from: ultimatesky on March 04, 2017, 04:55:52 PM

Quote from: Vaccinus on March 04, 2017, 12:55:56 PM

Quote from: Tuyul Gupies on March 04, 2017, 11:05:36 AM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Never panic in the trading of all there will be no time when prices fall too there are times when the price will go up again so do not ever panic in play bitcoin
enjoy

it depend if the panic selling is legit because of a internal problem of bitcoin and not because of a bad news, if bitcoin go out with a flaw or whatever, following a panic selling might save your money otherwise not, it all depend on the condition

Well let's state first that panic selling is normal human behaviour, and while most of the time it may be a bad decision to panic selling, having worked with stop loss orders saved me quite some money. Because you can enter at a lower level.

When price went down in the past people got panic and started to sell their coins at lower price and big whales took an advantage of buying them at cheaper rate but now I don't think that people will get panic even if the price goes down as people are well aware that bitcoin has potential to bounce back and that has been proved by bitcoins many times so people should have patience to hold their bitcoins tight and if people lack patience then they are at a wrong place.

ultimatesky

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SkyFall

Quote from: Vaccinus on March 04, 2017, 12:55:56 PM

Quote from: Tuyul Gupies on March 04, 2017, 11:05:36 AM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Never panic in the trading of all there will be no time when prices fall too there are times when the price will go up again so do not ever panic in play bitcoin
enjoy

it depend if the panic selling is legit because of a internal problem of bitcoin and not because of a bad news, if bitcoin go out with a flaw or whatever, following a panic selling might save your money otherwise not, it all depend on the condition

Well let's state first that panic selling is normal human behaviour, and while most of the time it may be a bad decision to panic selling, having worked with stop loss orders saved me quite some money. Because you can enter at a lower level.

deisik

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Quote from: Maslate on March 01, 2017, 11:37:18 PM

Quote from: varyspro on March 01, 2017, 04:34:26 PM

Quote from: Doamader on March 01, 2017, 03:43:17 PM

This happens all days, people trade all day, all crypto currencies, bitcoin always has the biggest ammount, even with some altcoins showing up like dash. Im pretty sure on the next days a dump will come at bitcoin like what happened ad January, because at the moment there arent any news to impact the bitcoin price, besides the wish of people to see bitcoin breaking walls.

Yes, I also think that soon the price of Bitcoin decline slightly. That's when we all see a lot of hysterical people who will sell all of its assets

It's possible to decline because that is how the market behave, but the question is, does it cause a panic selling?
My opinion is not, people already given their trust with bitcoin and they know how strong it is, if the fact that it will fall we already expected it to rise again. Hence, if you sell and panic, you will not take the opportunity to grow your money

That would largely depend on how fast the price would change. If goes down like a rock, we will see a lot of pain in the market and plenty of blood spilt all over the place. I don't think either that people somehow become more experienced or accustomed (as the other poster said), it is still the same fear and greed basically. Some markets have been there for centuries but does it mean that those two major price drivers are not there? They will always be present no matter how established a market might be

Since people can't change their "spots", so to speak

Yakamoto

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Quote from: Vaccinus on March 04, 2017, 12:55:56 PM

Quote from: Tuyul Gupies on March 04, 2017, 11:05:36 AM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Never panic in the trading of all there will be no time when prices fall too there are times when the price will go up again so do not ever panic in play bitcoin
enjoy

it depend if the panic selling is legit because of a internal problem of bitcoin and not because of a bad news, if bitcoin go out with a flaw or whatever, following a panic selling might save your money otherwise not, it all depend on the condition

It really depends whether or not selling is an advantageous action in most scenarios, since the price going down could allow for you to scoop up some extra if you sell high enough and buy in the lower end of the dip, but that's all timing-dependant and it really isn't something you can master or realistically determine without having some other contacts.

Vaccinus

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Quote from: Tuyul Gupies on March 04, 2017, 11:05:36 AM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Never panic in the trading of all there will be no time when prices fall too there are times when the price will go up again so do not ever panic in play bitcoin
enjoy

it depend if the panic selling is legit because of a internal problem of bitcoin and not because of a bad news, if bitcoin go out with a flaw or whatever, following a panic selling might save your money otherwise not, it all depend on the condition

CyberKuro

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Quote from: agamasrori on March 04, 2017, 11:58:56 AM

Quote from: Tuyul Gupies on March 04, 2017, 11:05:36 AM

Quote from: pearl11 on June 01, 2016, 07:56:59 AM

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,?

Never panic in the trading of all there will be no time when prices fall too there are times when the price will go up again so do not ever panic in play bitcoin
enjoy

fluctuations in the price of bitcoin practically very extreme. I agree with you, we better enjoy it. if the price of bitcoin down, we should have to buy bitcoin, not sell it. I think it is a good strategy.

But, you will feel better to get something than nothing, sell bitcoin and buy back at cheaper price.
Another inevitable thinking for everyone that has been through same situation before, or you will regret when the price fall down.
However, it's true in some time bitcoin will recover and start to climb up again, so I agree not to panic sell instead of be patient for a while.

~Spawn~

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I think we are seeing a small correction, and I think it's necessary for Bitcoin to continue its rise. At the moment, the important thing is to be patient and not hurry.

BingoDog

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Panic and other exaggerated emotions are not good for any business, especialy not the one with bitcoin and finances. You need to be cool. I know after such price pump many are expecting some big dump and they are prepared to sell but I don't think there is no reason for this, big dumps are not on the way.

Topic: panic selling - page 85. (Read 111179 times)