The panic seller irony - page 8. | Bitcointalksearch.org

YinShuiSiYuan

hero member

Activity: 1680

Merit: 505

Quote from: Cassy14 on July 21, 2018, 10:39:36 AM

Panic is a big sin to have in cryptocurrency and the market.
The holy thing we need to do is be patient and have the guts to hold.
Make wise decision always

A large part of people make decisions under the influence of emotions. There is a simple path to failure on the financial markets. Instead of sitting down, calm down, think and make a wise decision they react emotionally. This usually leads to losses and subsequent regrets of making bad decisions.

Mr. Legendaris

sr. member

Activity: 468

Merit: 250

The number of negative news of course makes a lot of users to panic that makes the price drop and users also participate in panic, this is what makes bitcoin prices difficult to succeed like last year.

Cassy14

member

Activity: 237

Merit: 10

Panic is a big sin to have in cryptocurrency and the market.
The holy thing we need to do is be patient and have the guts to hold.
Make wise decision always

runway

newbie

Activity: 77

Merit: 0

When sellers panic, this will push the market down more. And it seems that sharks are fond of this chaos.

Fantastic33

member

Activity: 308

Merit: 12

When you are on bitcoin, you should not only think about how much profit you will have, but we must consider how we will handle those bitcoins. Most people are on bitcoin without knowing how it works, and how does its market and price changes from time to time. They should consider first its volatility before engaging into this kind of crypto to be informed and wont be shocked when its price is dumping. If we do not have enough knowledge regarding this, all our profit will definitely lost in just one glimpse. Thats why it is very important to be updated on current issues on btc. Do extra reaearch and reading. And always stick on the rule "buy when its cheap, and sell when the price is high." Do HODL and have a lot of patience and moat especially do not panic sell.

LigwagGanern

member

Activity: 307

Merit: 10

Quote from: neurotypical on September 10, 2017, 08:27:16 AM

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

If the price of bitcoin in the market goes down, it doesn't mean that it is the ending of bitcoin. Don't panic if the price decrease because it is an opportunity for the people who don't have yet bitcoin. Don't sell your bitcoin if the price is low you will not get your profit if you do it while if you wait until the price goes up so that there is a possibility that your money will increase.

Toden1379

full member

Activity: 246

Merit: 100

I have the same strategy. HODL while it's low and keep buying when there's a bearish trend but only bit by bit not all out. It's not hard to give in to your fears and sell since they are too afraid to admit defeat when they think that they'll lose everything.

blockdragon

member

Activity: 189

Merit: 10

the analyze here is indeed a good one, and I guess they have regret their decision many times when they saw the price go up to 20k as the post was made on September 2017. There will always be people who complain every time but when the action comes they act differently.

normanz

copper member

Activity: 327

Merit: 0

They have no trust and are too easily panicked because of negative news. Panic sellers can contribute to the decrease of bitcoin, because supply is too high than demand.

Soneo

newbie

Activity: 103

Merit: 0

Quote from: manismanja on July 01, 2018, 03:32:58 AM

it's sad to see a lot of people who panic sell and I think they are people who are classified to panic easily and can not be confident, not only that it is also trading they do not see from the situation.

I think They may complain and delay some people, but that is the maximum damage they can do. The best is the weak hand shaken as quickly as possible. Do we need a real real dealer? may be

@bamaricibo

newbie

Activity: 126

Merit: 0

As the market keeps falling, the holding of BTC is a fear of investors, many have bought at high prices and now prices are always down they are worried.

beezunus

full member

Activity: 420

Merit: 100

when the price falls we better to stay calm and positive-minded, do not panic then sell because it will make us a loss and the price of coins will also become increasingly decreased when many are selling, should we keep holding even we can buy when the price is low

BaraxLo

hero member

Activity: 910

Merit: 512

Quote from: neurotypical on September 10, 2017, 08:27:16 AM

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

Just today I was laughing at my friend that sold his Bitcoins earlier this month at the rate of $6.4😂😂😂 I told him to have patience till this year ends but he refused. Although I know that having patience in Bitcoin is not an easy thing for anyone to do, but I still advise people to do it.

And that’s another reason we are being told to invest what we can afford to lose, and be ready to wait till we have patience. Just look at the price this week, it gotten high.

Edraket31

hero member

Activity: 1190

Merit: 511

Quote from: ?? on ??

bitcoin price is gaining more and more value so it is good to be patient while deciding about selling or saving bitcoin, as I have some bitcoin and I want to wait till the time when my bitcoin will be able to return me the amount I investing in it so don’t panic and wait for the right time to sell

It is a wise and hard decision if how we are going to react with the market, it is up to us, we should not also rely to experts since we do have different kinds of needs, so for me I am making my decision based on my needs and my perspective and goal, I am making sure that in a little way I earned and would just buy again at the right value.

Starving_Marvin

sr. member

Activity: 511

Merit: 250

Open and Transparent Science Powered By Blockchain

You can say that this is a panic seller irony, but for me it is suffering and pain because you were hoping on one thing and it appears to be, and it turned to be another thing completely.

lingwistiko

member

Activity: 322

Merit: 10

╔►[FILIPINO Translator]◄╝

It's really an irony to see those panic sellers selling their digital assets in a losing price during crisis only to find out that it's getting high on the following weeks or months. But these ironies can be describe as stupidity when they are always doing it all the time.

ejandjm18

newbie

Activity: 91

Merit: 0

Panic selling is typically driven by fear that the market for a particular industry, or in general, will decline, causing additional losses. Panic selling however, can have the effect of flooding the market with securities that are being sold at lower and lower prices, thereby driving the price down and causing more selling. Most market crashes have been caused by panic selling.

petrobit

member

Activity: 148

Merit: 11

I have read and heard many such stories. People are often very sensitive to such things. I myself sold the etherium for $ 15. From such mistakes nobody is insured.

theyRmose

newbie

Activity: 128

Merit: 0

Quote from: neurotypical on September 10, 2017, 08:27:16 AM

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

I really agree with you, it's time to stop feeding whales, because it's very bad for bicoin bad.
I hope all investors are aware of this. never provoked by negative media news and panic sells.

siguria

jr. member

Activity: 90

Merit: 1

of course there would be panic since we work in a cryptocurrency and of course there will be fear of selling their coins even it is not the time but what ever just go on.

Topic: The panic seller irony - page 8. (Read 5711 times)