#panicselling is so 1995 - page 2. | Bitcointalksearch.org

eternalgloom

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Quote from: MaxTax on December 26, 2015, 10:45:34 PM

When Bill Gates Windows 95 he made a OS for the 'masses' simple people with no intellect. It was meant for using a pc, no need for understanding it.
Then Satoshi created the Bitcoin protocol and people could mine/speculate on bitcoin

The problem is, bitcoin is not meant for weak hands to sell. It's meant for people to use or not to use.
Not to speculate on. Because.... people whom don't understand it, and try to speculate on it lose loads of money and we.. the community have to deal with it..

I don't agree with this, Bitcoin can be used for whatever people want to use it for. I think for some people, it will only serve as an investment tool and for other people it will serve as a currency.

erwin45hacked

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Quote from: newcoins1978 on December 31, 2015, 12:37:49 PM

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

MaritiJames3

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I guess we will see this behaviour in every market.
I consider myself an average to experienced trader but even I sell sometimes in a rush.

wikenpp

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Quote from: newcoins1978 on December 31, 2015, 12:37:49 PM

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Everybody is emotional and have a breakingpoint. The key is to analyze the market objectively.
Doing this you know you can make serious money when there is blood on the streets..

newcoins1978

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I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

expert4knowledge

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Quote from: MaxTax on December 26, 2015, 10:45:34 PM

When Bill Gates Windows 95 he made a OS for the 'masses' simple people with no intellect. It was meant for using a pc, no need for understanding it.
Then Satoshi created the Bitcoin protocol and people could mine/speculate on bitcoin

The problem is, bitcoin is not meant for weak hands to sell. It's meant for people to use or not to use.
Not to speculate on. Because.... people whom don't understand it, and try to speculate on it lose loads of money and we.. the community have to deal with it..

Even people who are expert cannot ensure about it, it is type of investing like many other investments and it has benefit and lost.

Moneyburner

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Anything that is this volatile and young is going to be a speculative venture. That is just the nature of bitcoin at the moment and you can't fault people for investing in it.

sishendaoye

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We have seen many panic selling, and in 2016 we will see a lot more of it.

But some panic buying will also happening. Let's hope it will be for the good of bitcoin.

peonminer

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chokesir

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Quote from: The Sceptical Chymist on December 30, 2015, 06:19:32 PM

Yeah, I'm one of the morons who use a computer daily but don't really understand the inner machinations that make it work. Or how to fix one. It's the same thing with a car for me. Bitcoin is pretty damn easy to use, but it's the same thing. I don't understand cryptography by any means but I can use bitcoin. I'm weak hands personified.

That's no weak hands Sir. That's just not technical.
Weak hands are those who see a pattern and don't now how to deal with it so they panic sell or panic buy.

The sheeps..

The Sceptical Chymist

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Yeah, I'm one of the morons who use a computer daily but don't really understand the inner machinations that make it work. Or how to fix one. It's the same thing with a car for me. Bitcoin is pretty damn easy to use, but it's the same thing. I don't understand cryptography by any means but I can use bitcoin. I'm weak hands personified.

BARR_Official

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Quote from: MaxTax on December 26, 2015, 10:45:34 PM

When Bill Gates Windows 95 he made a OS for the 'masses' simple people with no intellect. It was meant for using a pc, no need for understanding it.

That was Windows 3.x

Windows 95 was where they added the collapsing menus like Macintosh

Altynbekova

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Quote from: jt byte on December 30, 2015, 01:55:36 PM

I like the panic sellers actually. They are the reason we see so much fluctuation.
Panic sellers, panic buyers are making it happen.

With it I mean obviously the profit thing Wink

Panic buyers/ seller, are actually very bad PR for bitcoin. The moment people lose they will not come back.
A steady, more adult market, would befit bitcoin.

Amph

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Quote from: praprata on December 30, 2015, 02:28:24 PM

I never panic sell or panic buy. I always determine and analyze the market.
Right now i think it is a good way to buy since the potential is good.

Therefore i am buying.

with bitcoin it's always a good time to buy because of the potential value in the future which is far greater than than the possible fall that may happen

and unless you're a day trader, selling is never a good option

NorrisK

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Quote from: praprata on December 30, 2015, 02:28:24 PM

I never panic sell or panic buy. I always determine and analyze the market.
Right now i think it is a good way to buy since the potential is good.

Therefore i am buying.

This... If you are panic selling or panic buying you are always going to be too late to the party.

You will always miss out on the biggest gains and you will always hit the biggest losses.

Pick a strategy and stick to it.

praprata

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I never panic sell or panic buy. I always determine and analyze the market.
Right now i think it is a good way to buy since the potential is good.

Therefore i am buying.

WEBcreator

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Quote from: jt byte on December 30, 2015, 01:55:36 PM

I like the panic sellers actually. They are the reason we see so much fluctuation.
Panic sellers, panic buyers are making it happen.

With it I mean obviously the profit thing Wink

Panic buy and panic sell is never good for long term, if you see it from short term and getting profit only then you are right about this however this unstable price is the reason that drive people away and we will never be able to see mass adoption for bitcoin

jt byte

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I like the panic sellers actually. They are the reason we see so much fluctuation.
Panic sellers, panic buyers are making it happen.

With it I mean obviously the profit thing Wink

mobnepal

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OP i think blockchain is the technology and bitcoin is just an example to show how blockchain exactly works. Public ledger, multiple verification of transactions, anonymity etc are some good things about the bitcoin or blockchain technology. I think in future we will see lots of other idea working under blockchain technology.

cellard

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I don't understand the analogy to be honest. Bitcoin was created to be an alternative way to either store value, or use it as a currency daily.. it has all the uses you want to give it to it, nothing its written in stone.

Topic: #panicselling is so 1995 - page 2. (Read 3017 times)