What make people panic sell? - page 24.

Review Master

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Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

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

Everyone don't think like that way or don't wanna be a long term hodlers. As a result, they just want to make profits in a short time or they need those initial capital for their bad times. That's why whenever bitcoin took correction, many of those became panic users to take decision whether hodl or sell off. But diamond hand hodlers be like: this type correction won't effect on my portfolio. Cool

TBH, bitcoin will always be on upteneded with bull and bear market, but short term traders/investors need more time to understand this. Wink

Golftech

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Quote from: jinxing on May 15, 2021, 11:22:56 AM

Quote from: sportclub2010 on May 15, 2021, 07:07:31 AM

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

in essence, they were afraid of losing a lot of money and were unsure of the coins they held. Another trigger could be FOMO which caused most of them to get carried away and then immediately took the decision to sell them

Fuds really affects the sentiment of those weak holders, they are unsure what to do with thier hold assets, once pressure

for selling show up, they simply being moved by the situations and follow what most of those sellers decisions, leading them

to lose money without realizing that this is also part of this investment.

Dread Pirate Roberts

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In forex or stock market losing 5% asset its like big news about collapse asset and imagine in crypto market 5% its nothing compare normal trading in forext or liquid asset . price could go higher than that or lower than that in 24h change thats why people had fear losing asset. i think people should know characteristic crypto which fluctuative.

nightxglow

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I guess the one who panic sell are the one who don't really understand bitcoin. Like, maybe they're just joining the hype without really understand the situation or what's going on. That's why, when the price goes down, they are in panic since they don't know what will happen, and only think that bitcoin is falling. Especially since btc sometimes go down quite drastically, not just a bit. So that's why they just decided to sell it before it goes down even further, without knowing that the price will soon go up again.

Ridwan Fauzi

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The panic seller will just do by the short term investor and for those who just know to bitcoin. For long term player especially for those who have intention to choose long term investment will not do that. They will only hold their bitcoin although their fund is decreasing a lot because they know that bitcoin price will go back to the original price even passing the previous all time high.

Also, for those who choose short term investment will think that if we sell their bitcoin is the best thing to do because they will buy when the lower price is being reached. So as they will recover their lose even will get a profit when bitcoin price increasing. The worst case is for those who are new to bitcoin and insist on buying it even though they do not know the characteristics of bitcoin movement, they will only experience big losses.

jinxing

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Quote from: sportclub2010 on May 15, 2021, 07:07:31 AM

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

in essence, they were afraid of losing a lot of money and were unsure of the coins they held. Another trigger could be FOMO which caused most of them to get carried away and then immediately took the decision to sell them

ilovealtcoins

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Not everyone is a holder. Most people are short-term traders. The way they do it is to optimize their profits. Worry is essential because when Bitcoin enters a bear cycle, it will take years for Bitcoin's value to recover and grow. Why should they lose all their profits and not sell all to buy at a lower price? Everyone wants to make money from the market and their worries are justified.

Taskford

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Quote from: sportclub2010 on May 15, 2021, 07:07:31 AM

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

People are just to careful about the same consequences since they afraid lose huge money for the second time around when bear market happens, thats why many consider to join the panic and do stop loss so that they can accumulate at the cheapest rate what bitcoin got. I'm not convince yet that we are now entering the bear season since we are still on 47k - 50k price level.

riiiiising

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Quote from: BuNga_cute on May 15, 2021, 07:21:37 AM

Quote from: sportclub2010 on May 15, 2021, 07:07:31 AM

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

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.

KeikoKitagawa18

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Maybe he just NEW in this investment so she panic, especially for those people who moved from Stock investment into this Crypto investment. 0 it won't never happen dude, i think they just panic because they still new in this investment.

BuNga_cute

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Quote from: sportclub2010 on May 15, 2021, 07:07:31 AM

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

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.

sportclub2010

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Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There are a huge number of people in the world who bought bitcoins in 2018 and failed when the rate fell. Moreover, he fell much more than they expected. Perhaps they think the next fall is coming soon ...

Ecol

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After Elon's statements, the market could not fix itself. I think bitcoin's direction is still down. Therefore, it is necessary to be careful. There is a risk of losing our money when we say don't panic sell.

Bilgent

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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.

Ararbermas

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Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

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

actually the amount of short term and long term investors has a big differential, and on this crypto market it's more on short term.. Only true hodler left behind when there's a situation in the market. Wherein that's why the market always suddenly make a reaction when there's a Fud trying to scare hodlers and traders... This actually not new and indeed this always happened, so we cannot blame them since they are basing only for short term so they will make an exit before it becomes worse..

nebuch

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I don't really think Bitcoin will come up to $500,000 this year or even after 3 more years. Bitcoin is not a hype or a ponzi that will neglect the reality to move forward. I do believe many people didn't think the value to become zero or $10k in the future not unless drastic scarcity will strike the world and the economic growth. As long as the world is in normal, The progress of Bitcoin price will goes to normal trend where we can see the uptrend and downtrends.

Nunoluck

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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.

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Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

But why the hell people panic sell now after it reach this high amount?\

Profit takers, market manipulation, sentiments and emotions of people. These are just three of the reasons why people are selling. There are 2 kinds of sellers. One who is taking profits because they want to secure their profits and there is one who is panicking therefore they are selling their holdings at a loss.

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

Do people really still think it goes to 0?

Nope. Nobody is thinking like that. Its just that there are some investors who are taking some profits.

Quote from: Trixoempire on May 12, 2021, 03:11:24 PM

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

Markets are heavily driven by sentiments and emotions of people. If the investors see some bad news, they will sell some of their coins causing a price dump and vice versa but if you will see the overall chart of Bitcoin, it has only one movement and its going upwards. Bitcoin going higher will be a rough road where we will see massive dumps (bear market).

mrjoy15

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Selling in expecting to catch it up bit lower. Actually panic selling leads the biggest mistake you’ve ever made. I had my bags toward the beginning of bear market however I got confused in the Jan dip and got scared so sold off the majority of my holding. I had over 500k of doge. Selling early, not buying more, but still a little time to make more.

Lorence.xD

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Quote from: iv4n on May 14, 2021, 09:35:57 AM

Quote from: Lorence.xD on May 14, 2021, 02:05:16 AM

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I think it's more fear than greed! They see some whales sell-off, and fear of losing more money is pushing people to sell too, and cut their losses! When there's some big market manipulation, panic is created by whales... and if they hit the market players from all sides, news, forums, big sell orders, many will show weak hands and sell! It's fear, not greediness!

Greed I think the root of fear, we are scared that we might not benefit really big so we panic sell. If you aren't greedy then you aren't scared that the whales will dump their coins and in turn cause the prices to go down.

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