The saddest experience I have had in relation to the fall in the price of bitcoin was when the pandemic was declared on March 10, 2020. I told myself if I spend all my bitcoin and some altcoins then it will all have been worth it, because my duty is to take care of my family and protect it.
But fortunately the crypto market changed for the better, I did not spend all my bitcoin and I still have my altcoins which are few because I do not need so many.
There is no need to panic, we lose money if we sell our bitcoin or any other crypto that we have.
Topic: What make people panic sell? - page 22. (Read 4407 times)
those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin when the price is unstable.
Those who panic are usually newbies without a proper mindset. They usually see Bitcoin as a shortcut to success and that they expect a lot of profit from it not knowing how to deal with the volatility of the market. Bitcoin doesn't have a stable price and anything could happen anytime so panicking and holding without patience could really lead to losses.
Even myself still fall into panic selling sometimes especially if some emergency cases suddenly arise but as much as i can do, i will never push through it and still think panic selling should not be our last resort. We can lend money to some friends if badly needed but selling our hard earned coins is not really worth doing.
I like watching the day traders who start to lose their cool because of fluctuations swinging back and forth, and god forbid they are negative a few points on the day. It's a negative feedback loop that's based on short term profit motives. You can think of it like a small snowball that rolls down a mountain getting bigger, gaining momentum, as it goes down - few folks begin to sell and the mindless sheep follow after.
Panic sellers just make shorting more profitable. Won't matter, there isn't enough time to get them educated.
The experts says panic sells reason is Fud. What effects too much on the market. But experts predicts after $60k breakdown and its down price reason Miners, FUD, Company.
Miners got a chance to grab the profit. Miners already have hugr number of bitcoin and they understand that bitcoin got a huge pump now it might dump all because of some fud and company spreading news thats why they start to sell when they start price gose little down.
Then starts fud news which crushed the whole market and company is in involved in this matter. Its not mine word its a word from market analysis.
I think this kind of reason behind panic sell.
Miners got a chance to grab the profit. Miners already have hugr number of bitcoin and they understand that bitcoin got a huge pump now it might dump all because of some fud and company spreading news thats why they start to sell when they start price gose little down.
Then starts fud news which crushed the whole market and company is in involved in this matter. Its not mine word its a word from market analysis.
I think this kind of reason behind panic sell.
those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin when the price is unstable.
Those who panic are usually newbies without a proper mindset. They usually see Bitcoin as a shortcut to success and that they expect a lot of profit from it not knowing how to deal with the volatility of the market. Bitcoin doesn't have a stable price and anything could happen anytime so panicking and holding without patience could really lead to losses.
I think if people will just hold their coins if the market is unstable, then it will not make them losers. But if they will ride with the FOMO thinking the value might go down into zero, then eventually they're just pushing themselves into a losing end.
When it is dollars, everyone has the tendency to panic. And if the person is new to this, then yes he can fall victim very easily to panic selling. I have made alot of panic selling and FOMO buying. And still does it from time to time. It is part and parcel of the crypto industry.
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
It has been advised that people should use their spare cash to buy bitcoin since it is not a get-rich-quick scheme. However, there are folks who can’t afford to lose £5 and there are those who go as much as borrowing from friends and family or even corporate institutions to buy bitcoin in the hopes that the ROI will be 150% in less that 4 weeks and when it doesn’t go as anticipated, they sell. That is one of the simplest reasons I believe why people panic and sell.
those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin when the price is unstable.
Those who panic are usually newbies without a proper mindset. They usually see Bitcoin as a shortcut to success and that they expect a lot of profit from it not knowing how to deal with the volatility of the market. Bitcoin doesn't have a stable price and anything could happen anytime so panicking and holding without patience could really lead to losses.
I think people are panic selling because they are affected by social media trends related to cryptocurrencies. Their feelings must be indecisive or confused, this usually leads to negative conclusions and they end up just staying silent. The second possibility is that people panic sell precisely not because they panic, but maybe they have previously determined the profits they will get, this is part of traders who are not greedy.
Social media has a strong influence that can make investors panic, but in my opinion, what makes panic selling is the opinion of the world public like Elon Musk, when he says negative things about crypto, the market drops for a long time, besides being banned from big countries like China, of course, makes investors panic.
panicking too much and not having a trading strategy will make investments go awry.
Panic selling will only result in losses.
Psychology will really be played when the price starts to fall and continues to fall, between having to hold on or make a cut loss.
Having a good initial strategy will provide good decisions as well, such as what percentage of stop loss is used, so that the loss is not too much, as well as take profit at what price to stay consistent and have a profit.
it all depends on how often you trade, so that the analysis begins to be trained and the psychology is also getting better.
Panic selling will only result in losses.
Psychology will really be played when the price starts to fall and continues to fall, between having to hold on or make a cut loss.
Having a good initial strategy will provide good decisions as well, such as what percentage of stop loss is used, so that the loss is not too much, as well as take profit at what price to stay consistent and have a profit.
it all depends on how often you trade, so that the analysis begins to be trained and the psychology is also getting better.
If you come think about it, panic selling is really something only a weak hearted investor or trader would do. You will notice when there are sharp declines in trading then you will see the trades of those who want to sell go faster and faster at least they could sell a few of their satoshis with a loss. For those who are new to Bitcoin should always be the ones who will panic sell first. If you don't have enough discipline and the mental control and patience for a volatile market then only way for you to survive is to invest and then get back to it after many years without looking at the prices.
I think people are panic selling because they are affected by social media trends related to cryptocurrencies. Their feelings must be indecisive or confused, this usually leads to negative conclusions and they end up just staying silent. The second possibility is that people panic sell precisely not because they panic, but maybe they have previously determined the profits they will get, this is part of traders who are not greedy.
those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin, when the price is unstable..
I know stop loss has been mentioned, as has taking gains. But there is also the opportunity cost of money. If I think BTC is going to go to $95k in the next year or so (double it's value today), but I also think coin X or stock X or whatever is going to triple it's value then I am getting out of BTC to put my money in there because I feel it has the potential to make more money.
There are a lot of people looking at a lot of things, and because of that you are going to get a lot of opinions as to where to put money.
Note: The I is not me the just general I
-Dave
There are a lot of people looking at a lot of things, and because of that you are going to get a lot of opinions as to where to put money.
Note: The I is not me the just general I
-Dave
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
500k you say? That sure is one aggressive price target. I am certainly not saying it can't reach that point, because I believe it possibly can, but just not likely anytime soon. As to why people panic sell? Because they are afraid of prices never coming back to that point, they don't understand investing and markets, and are often simply uneducated. As a financial advisor I see panic selling all the time with all sorts of products. Often you simply can't talk sense in to people.
what makes people panic selling,? habits of inexperienced people, and he believes too much in negative posts, and believes too much in the media that drops bitcoin, and when the price starts to fall maybe that's when he panics, and sells all the bitcoins they have.
usually panic selling, the price starts to fall from the estimated sales, this usually happens when you buy tokens at high prices and start moving down and often happens to beginners with FOMO capital ,
Actually, I think that 50% are panic sales and the other 50% need money to fulfill their needs. Many people buy their dream car, home, etc.
Well, OP's asking for the reason why some people panic sells when the market's not in the good run. For me, the only reason that I can think of is that they're new to the market, they expect that the prices are going to be steady and that they're at the right timing in the market.
You shouldn’t panic sell anything because emotional feeling is not the key to successful trading, because emotional attachment causes traders to violate their own trading systems.some begginers are new in the market and they invest in a new market and they just panic if they lose what to do there are so many reasons.
Don't panic ask if any doubts to experienced people take more knowledge and learn. 🙏🙂
Don't panic ask if any doubts to experienced people take more knowledge and learn. 🙏🙂
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