Topic: What make people panic sell? - page 23. (Read 4400 times)
Dear friend I think some people afraid when market down he lost his money. When market down I think cannot do panic sell because panic sell more down the market. I think we need long term invest and cannot trade sort time. Only professional trader profit his trading by sort time. I also invest long time and cannot do panic sell.
Herd instinct. It's hard for me to explain it any other way.
Some of them are smart enough to sell because they have a lot at stake and their goal is mostly short-term so they have to stop the bleeding as fast as they can. But you are right that herd instinct is the reason why they panic sell plus they are greedy.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.
Good enough ;point mate or maybe better say 50 % are greedy and 50% are weak . 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
because majority of investors are not ready to wait for long time , Some of them has a plan for their funds for short time. while others just wanted and easy money.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
respect their decision and also that makes the world of crypto stays healthy because imagine if all of us holds bitcoin then how would this circulate and show the world how it works?
remember that this is a Currency and not a stored value.
Herd instinct. It's hard for me to explain it any other way.
Some of them are smart enough to sell because they have a lot at stake and their goal is mostly short-term so they have to stop the bleeding as fast as they can. But you are right that herd instinct is the reason why they panic sell plus they are greedy. 
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
People are stupid. They started selling on just one negative news. I don't think small holders do that. Big whales are the one that crash the market. They take advantage of any such news, start putting sell order and end up buying at low. 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 time we somehow get rid of these big whales and prevent market manipulation.
When I say whales, I don't necessarily mean individual whales, I also mean institutional whales.
people who panic because they are using the money they need later. buying coins at a high price and then the price going down will put their psychology into play and will certainly end all their investment.
Stronger market players, very good psychologists, and they use tricks that make people sell at a loss. I think that the main reason is that people think that the market will fall even lower, much lower, and in order not to lose everything, they are selling now, and the market starts to grow again. There are also cases when people take money on loans in order to buy cryptocurrency, in which case there have additional pressure that the money will need to be given away, and they not only did not earn, but also lost. 
I don't think that the reason is being afraid of the possibility that the price may go down to zero. The reason must be that they are afraid of losing much more and as a result they act without thinking. However, they can recover their money after some time if they learn to be patient.
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.
Hello everybody. Panic is always a bad thing because panic makes an already very bad situation worse. A very illustrative example is yesterday's fall in the price of bitcoin, this was especially noticeable on all cryptographic telegram channels. First of all, the fear of the unknown, the fear of the incomprehensible - what's next. Few could have predicted such a sharp drop, and the vast majority sold at the lowest price. I will not tire of repeating - before entering the cryptocurrency market, it is necessary to develop at least two trading tactics for two scenarios of the development of events and strictly adhere to these tactics, - if you still do not have enough strength to look at the falling market, - Guys, it is better to move away from trading at least for a while. The market leaves alarmists with zero very quickly.
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
I think, not everyone sells because they panic and think that the value will be 0. Because the traders have their own speculations, and they will not make a profit if they don't make a sale. indeed bitcoin is more dominant and continues to rise. but traders take advantage of market conditions which sometimes also experience a decline. traders will take advantage of the time the price goes up to sell, and be patient waiting for the price to fall to buy back, so they can make a profit. So, I don't think everyone who sells is said to be scared or panicked.
Of course, the lack of experience with how to understand cryptocurrency works, makes most people immediately cut ties when they panic about losing even more money.
They don't remember that there is still a lot of time in the future for cryptocurrency to be used by many people and start to go up and get expensive.
BNB will continue to be needed and the supply will continue to decrease because it is burned for a certain period of time on a regular basis, so that the BNB coin will become a favorite coin in the future.
Stay confident and don't panic
people who panic because they are using the money they need later. buying coins at a high price and then the price going down will put their psychology into play and will certainly end all their investment.They don't remember that there is still a lot of time in the future for cryptocurrency to be used by many people and start to go up and get expensive.
BNB will continue to be needed and the supply will continue to decrease because it is burned for a certain period of time on a regular basis, so that the BNB coin will become a favorite coin in the future.
Stay confident and don't panic
The BNB you mentioned is my favorite coin as well and I am still holding some BNB and keep buying it back until now, I am sure BNB will reach even higher new ATH. Confidence and not panic will provide benefits on the investment made.
If your investment has reached a very utopian level, you don't want to lose it. If the coin you invested has managed to reach that level, this is a sale due to the fact that you do not want to miss that opportunity. this panic is due to the possibility of missing that opportunity. but of course there may be other reasons. There are also many external factors such as manipulations, some fears experienced, and negative news.
Most of them probably don't understand yet about crypto, so they become panic and want to sell everything once the price fall down. Or maybe that's because they don't plan to use bitcoin as a long term investment, but a short one so they decided to cut loss when the price already drops.
Of course, the lack of experience with how to understand cryptocurrency works, makes most people immediately cut ties when they panic about losing even more money.
They don't remember that there is still a lot of time in the future for cryptocurrency to be used by many people and start to go up and get expensive.
BNB will continue to be needed and the supply will continue to decrease because it is burned for a certain period of time on a regular basis, so that the BNB coin will become a favorite coin in the future.
Stay confident and don't panic
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Most of them probably don't understand yet about crypto, so they become panic and want to sell everything once the price fall down. Or maybe that's because they don't plan to use bitcoin as a long term investment, but a short one so they decided to cut loss when the price already drops.
Of course, the lack of experience with how to understand cryptocurrency works, makes most people immediately cut ties when they panic about losing even more money.
They don't remember that there is still a lot of time in the future for cryptocurrency to be used by many people and start to go up and get expensive.
BNB will continue to be needed and the supply will continue to decrease because it is burned for a certain period of time on a regular basis, so that the BNB coin will become a favorite coin in the future.
Stay confident and don't panic
Most of them probably don't understand yet about crypto, so they become panic and want to sell everything once the price fall down. Or maybe that's because they don't plan to use bitcoin as a long term investment, but a short one so they decided to cut loss when the price already drops.
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
You would see the price as in only going up if you are looking at the price chat from a longer time frame but you would understand that not every investor in a long term, some people still do regular short term trades and will most likely sell off in every downward movement of price and try to buy back in and even amongst the long term investors, not all have the ability to Hodl during down trends like this. 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 still many people who continue to compare the increase this year with what happened in 2017, as well as when the Bitcoin price
suddenly dumped. Many people end up comparing what happened in 2018, which is why the current Bitcoin price has dropped below $ 50k.
Quite a number of people panic selling, they are afraid that the events of 2018 will happen again, when at that time Bitcoin fell very deeply.
Even though if we do research and analysis properly, we should be aware that the events in 2018 are very different from today's events.
Moreover, this year there are several institutions that are still holding Bitcoin, the price of Bitcoin shouldn't go down too far. I am sure the Bitcoin
price will recover very soon in the next few days, and the Bitcoin price will again rise above the $ 50k price tag.
Considering relative price movements I can understand the panic because if the price falls a lot there is also more money needed to bring it back to where it was. Yes there are more players involved now but it is still all relative. Bringing it back to $60k isn't just guaranteed to be happening within no time. It is a more difficult decision to get into Bitcoin today than it was in 2017 when it was relatively cheap and it felt like there was a lot of potential. suddenly dumped. Many people end up comparing what happened in 2018, which is why the current Bitcoin price has dropped below $ 50k.
Quite a number of people panic selling, they are afraid that the events of 2018 will happen again, when at that time Bitcoin fell very deeply.
Even though if we do research and analysis properly, we should be aware that the events in 2018 are very different from today's events.
Moreover, this year there are several institutions that are still holding Bitcoin, the price of Bitcoin shouldn't go down too far. I am sure the Bitcoin
price will recover very soon in the next few days, and the Bitcoin price will again rise above the $ 50k price tag.
The price drop below $ 50k is actually still reasonable, because Bitcoin price now at $ 45k is still very high when compared to Bitcoin price in 2020.
But still a lot of people panic, because maybe they are panicking because they bought Bitcoin at the price of $ 60k, and there is no guarantee that
Bitcoin will return to a price of $ 60k anytime soon. But actually what many Bitcoin holders should know, Bitcoin is the best performing asset this
year and its movement since it was created has continued to increase. So if the price of Bitcoin goes down, we don't need to panic, because I think
the future for Bitcoin is very bright. This means that no matter how deep the Bitcoin price falls, sooner or later the price will definitely go up even
higher. So investing in Bitcoin does require trust and patience.
I don't think that most of the people sell their coins due to thinking like the price will go down to zero. Panic sellers are afraid of the possibility that the current decrease may continue and they may lose a lot of money.
Recall in the wake of Covid-19 pandemic early last year Bitcoin dipped or dumped from $12K to $3K there are alot of panick sales then however some hodlers stood their ground and hodl in a long run the price pumped massively, thus if Bitcoin can recovered even at the peak of the pandemic I see no reason why people should panick with present correction being experience by the price, there is no cause for alarm, it is very normal that price will experience correction irrespective of the current Elon Musk controversy. I investing in bitcoin since long time ago and I am not so surprise. In my opinion is not a bad thing, it is just giving investors to buy more bitcoin at lower price. In my opinion it is happen because the old bitcoin holders need to get their profit. Also there is no more new sentiments that give significant effect to the market.
To me drop in prices does not effect and nor does the negative sentiments of people as my strategy is different and have multiple plans which take care of the drop as well. I consider this an opportunity and those who are here just for short term need to worry as well because they buy high and need to sell and cannot hold they end up in a loss,rest should be good depends on which coin you hold it.
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
I think most people don't perceive that way when they see the price of BTC drops and obviously, they'll do everything they can to stop further losses on their part and I don't think it is considered as a panic sell. If you're into a long-term goal then there's no need to panic sell but most people can't afford to wait for 5 years or more for them to take profit.
Jump to: