The major reason could be the social media post and topics of crypto being legal or not in the press / news , since its neither legal nor illegal in many countries people get fluxed and when in news they see that the media states its nor legal and undershadow neither illegal people might get more confused ,
People have set their own margins till where they would hold and would retract once they reach if they are close to the margin and the news spreads that the bubble would burst they all would just ignore and remove their assets fearing of losses .
Topic: What make people panic sell? - page 14. (Read 4400 times)
Come to think big it,how about those buying the bitcoin,they must have calculated and weighted the risks, having forsight, and optimistic about bitcoin.....are they fools for buying bitcoin ?
No matter how the price of bitcoin fluctuate's upwards and downwards, I can just trade my Bitcoin.
Seeing how rapid bitcoin is spreading like wide fire,stay put and keep your bitcoin as we await the price to reach the moon.
No matter how the price of bitcoin fluctuate's upwards and downwards, I can just trade my Bitcoin.
Seeing how rapid bitcoin is spreading like wide fire,stay put and keep your bitcoin as we await the price to reach the moon.
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
There are people who still don't believe in Bitcoin and consider it to be a financial pyramid. Some people think that it is a speculative asset so they trade Bitcoin. Personally I think that Bitcoin is a long-term investment, so we should hodl it not selling. And actually it is my strategy of holding mainstream currencies and only buying them on regular basis. But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
yea there may be some people who have a fear if bitcoin goes back to zero. But not everyone sells frantically. There are those who feel enough with the profits they get or there is a need that makes them forced to sell their bitcoins.
I think the panic happened because of excessive fear, this feeling often occurs in new Bitcoin holders and those who have been in the crypto world for a long time also experience the same thing. This is because the fluctuations in the price of Bitcoin itself are very high, so panic often appears, we all must have felt this panic so I think we must overcome this problem so that panic selling does not occur by eliminating panic. Of course we have a higher target Bitcoin price than now and hope more people will invest in cryptocurrency.
In fact, everyone knows that Bitcoin will continue to grow. Even then, there is a lot of panic among the people when the price of Bitcoin goes down.But the market has been growing since the beginning of Bitcoin. Maybe the big bad news is that the price goes down a little but then the price stays on the path to scholarship again.As the days go by the demand for this bitcoin will continue to increase. So I think there is nothing to panic about with this bitcoin.
Based on my personal experience, here are the reasons (I really learn from this):
- Uncertainty about the future
- We don't trust at all about the crypto that we are investing
- The price drops drastically, so we are afraid of losing more and more
- FOMO and hype
- Uncertainty about the future
- We don't trust at all about the crypto that we are investing
- The price drops drastically, so we are afraid of losing more and more
- FOMO and hype
You are right about that, but I noticed a lot of people panic when they see the price is lower than their buying price.
So if they are not used to it, they will feel that, is there still a chance to go up and when?
They are agitated especially for those who are using their hard-earned savings and they want it to be over.
Up until they can't contain themselves, and sell off at a loss. Patience is needed in this market.
If you believe your coin has strong foundation and it will not disappear during bearish season, then, there's no reason to panic.
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
The people who think BTC will go to zero are really stupid people they don't take the time to learn about the technology but only hear about bad or good news these are probably just newcomers to this market and I think this is very easy to be manipulated by whales . If you are a professional investor , you will have a cold and insensitive mind before the volatile market is not easily influenced or dominated by anyone and especially understanding and belief . You believe in BTC will increase 100k$ then one thing is for sure you will never dump it. But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
We have different limit in every investment that we made. There are different types of sellers,The people that is selling maybe reach their limit or they reach the amount of profit that they've wanted. Another seller is the panic sellers that is newbie and always afraid to loss, they are afraid to see a bloody market and easily become frustrated when the value of their holding decrease. But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
people mostly panic sell because they fear that if do not sell fast then their losses will only become more. FUD is the main reason that many people that buy crypto panic sell, fud instill fear on the investor making them think that the coin they invested in is not a good investment and will only bring losses. also people panic sell because they want quick profits that usually yields in losses.
It's impossible to go 0 . People are panic because they've seen many times 10-50% dump in a couple of minutes. Also bitcoin has grown a lot in last couple of months. So whenever market goes red people thought it may dump more. In order to catch the dip they start panic selling.
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
Panic sellers are the one who are new in crypto world they don’t see dump before so when price drops they get panic and start selling their coins at low price just to recover their capital but they loose their money to recover their capital. Dump is the indication that this time the pump will be surprising for panic seller.
Panic selling occurs when a stock price rapidly declines on high volume.
Panic selling is when enough investors want to sell their holdings at the same time that it creates a profound drop in prices. That drop scares other investors into selling, which causes prices to fall still further, which frightens more investors, and so on. The resulting panic can erase vast amounts of wealth.
Panic selling is when enough investors want to sell their holdings at the same time that it creates a profound drop in prices. That drop scares other investors into selling, which causes prices to fall still further, which frightens more investors, and so on. The resulting panic can erase vast amounts of wealth.
for me this called Stupidity , why joining investment that you don't totally understand?
it was a stupid move. I'm sure it only happens to some people. because at least everyone is new to the crypto market. they come with an interest or an offer from someone else. at least new people will look for information in advance about what they are going to buy. no fool would want to waste their money on something unknown.In my opinion, those who join cryptocurrency and lose their money are mostly the ones who has the money. They have money to lose and they have lots of it. They just don't have the patience to learn the ropes of cryptocurrency and eventually their attempts to invest ends up in losses. I think it is always better to invest in the best coins in the top tier like Bitcoin, Ethereum, Cardano, Binance, and others.
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
Fearing the loss of funds, many have done so because they cannot control their minds on any kind of FUD news, they think it is better to get current price now than to lose it. So they sell their holdings in bad condition. Again, many people invest their savings in crypto, which is why there is always a fear in them, which does not allow them to make a decision in a stable situation.But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
It's in need to analyze your participation first before you take your money inside this investment business, else you will keep losing.
it's because of the way they control their finances before the bitcoin dump returns. because psychologically this is the safest way to keep them emotionally in choosing the right decisions to gain profits and avoid losses in the future. because that's how crypto trading works, we have to know when is the right time to get out of the market and find time to come back to enter the market again
Knowing the right time is very important. It's inside you after you experienced every situation. As you go further, it developed and enhances your skills in choosing the timing for your investment.
it's because of the way they control their finances before the bitcoin dump returns. because psychologically this is the safest way to keep them emotionally in choosing the right decisions to gain profits and avoid losses in the future. because that's how crypto trading works, we have to know when is the right time to get out of the market and find time to come back to enter the market again
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
Fearing the loss of funds, many have done so because they cannot control their minds on any kind of FUD news, they think it is better to get current price now than to lose it. So they sell their holdings in bad condition. Again, many people invest their savings in crypto, which is why there is always a fear in them, which does not allow them to make a decision in a stable situation. But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
Some people panic sell because they are human beings which we all tends to make irrational decision sometimes and secondly the price at which bitcoin is some people already concluded that the profit they have attained so far is enough for them so they sell off with any slight drop in price.
When someone decides to sell at a slight decline and has made the expected profit, this is a wise decision. Some Bitcoin holders don't experience as you say, they panic when a dump occurs and if they sell it they will lose. However, with various conditions, both the influence of social media and daily needs, he decided to sell it. Actually this should be avoided when have made an investment, if haven't made a profit, have to wait until the pump occurs. many people panic when the price starts to fall they panic and sell tokens not long after the token price goes up this often happens to beginners they panic when the token price goes down.
fearing that the market will fall, most people panic to keep safe their capital at least it's happen with newbies, they can not decide right time when face such situation in bearish market. panic sellers fearing to see in down trend. I also panicked when I saw the market collapse rapidly. but when I think about the long-term assets I have, I don't think it's a problem if I have to hold the asset for a longer time.
We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
In cryptocurrency, every individual has determination and a price setpoint at which his/her aim is reached, so he or she feel free to sell at that particular price and time. Financial instability also cause the panic sell as some people will try invest the amount they cannot afford loosing so in aspects of bear market, they will sell because there is no alternative fund for their survival, while some investors did have full trust in Bitcoin, they just go in to trading to give it a trial so if it's turn up not favoring their goal they have to sell. But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
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