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Topic: What make people panic sell? - page 25. (Read 4400 times)

sr. member
Activity: 1274
Merit: 293
May 14, 2021, 10:26:40 PM
#75
People panic sell because of fear of not being certain which direction the market is heading, if it will recover soon or not, lack of understanding or lack of experience from previous similar situation,  also some invest with all they have and can't afford to lose it all so they will always panic sell whenever the market is going down, this is reason why best way is invest the amount you know won't hurt you much should anything happens.
i can understand the first part that they panic sell because they are uncertain but at the same time stupid, but the second part where they put an all in isn't really a good idea to me and I think that they deserve to lose their money because they are greedy people and they should have known that the market is volatile and they still put all of their money in the market. I think with those two types of people, I think the reason why they are like that is because they are both greedy and narrow-minded when it comes to investment.
sr. member
Activity: 1876
Merit: 318
May 14, 2021, 09:32:17 PM
#74
People panic sell because of fear of not being certain which direction the market is heading, if it will recover soon or not, lack of understanding or lack of experience from previous similar situation,  also some invest with all they have and can't afford to lose it all so they will always panic sell whenever the market is going down, this is reason why best way is invest the amount you know won't hurt you much should anything happens.

Why are there still many people who panic sell when prices fall, that's because most people don't know which direction the market is going to move.
There are still many people investing or trading based on signals from other people, so it is very natural when the market moves down suddenly
a panic sell will occur. Because they definitely don't want to incur heavy losses, so they chose to cut losses as soon as possible. Even though this
decision is often regretted, because usually some coins will recover quickly. This is the importance of understanding how to analyze the market
and not relying too much on other people's signals.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
May 14, 2021, 08:29:01 PM
#73
People panic sell because of fear of not being certain which direction the market is heading, if it will recover soon or not, lack of understanding or lack of experience from previous similar situation,  also some invest with all they have and can't afford to lose it all so they will always panic sell whenever the market is going down, this is reason why best way is invest the amount you know won't hurt you much should anything happens.
sr. member
Activity: 1918
Merit: 370
May 14, 2021, 08:20:47 PM
#72
A lot of factors playing around why people panic sell. Most of the time this is due to FUD and drastic drops in the price of a coin they are invested in. And this only happens in coins that aren't established as yet, or with a coin with a large following with newbies who invested in it. this is the reality of this industry. And as long as certain issues in the framework isn't solved, we going to continue having these problems in the future.
hero member
Activity: 2954
Merit: 672
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May 14, 2021, 06:54:32 PM
#71
UNCERTAINTY...

people got worried about the future and every time they saw the price moving down, they start talking negatively. This gives a huge influence on the newcomers and will definitely change their mindset.

I think this becoming common this time, not all are here have strong faith in crypto, many of these investors are weak hands. That is not surprising anymore to see these people will be in panic selling as their market understanding is limited.







full member
Activity: 770
Merit: 100
WFC [World Family Coin]
May 14, 2021, 06:30:33 PM
#70
people panic selling because there is bad news.  besides that the crypto price has experienced a high increase, making people take profit actions.  Although the price of crypto is very volatile, but if we invest in the long term, crypto is very promising.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
May 14, 2021, 06:14:28 PM
#69
The thing that make people do panic selling is because we have different preference regarding the market movement and we ought not to pass behind the line of our target price making people to do panic selling most specially if the goal have been reached already. Also, maybe panic selling might be cause of other people's influence that is affecting the way they make decision and seems to be following the trend where many inexperienced individuals are also do panic selling for they still are not familiar with the market to put themselves into safe track based on their preferred goal.
hero member
Activity: 2660
Merit: 651
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May 14, 2021, 04:35:34 PM
#68
There are so many things that make people panic sell but the one number thing that gave birth to other reason is lack of knowledge cause the major belief of people that cryptocurrency investment is quick to a rich scheme and when the story change they panic sell their holding.
This is what happened to a millionaire that invested in DOT last year and when he didn't make profit he sell his holding.
legendary
Activity: 3094
Merit: 1127
May 14, 2021, 12:58:26 PM
#67
There are several reasons for this. The first one must start to panic because there is a lot of news about the manipulation that is currently happening and those who sell are afraid of losing some of their assets due to this manipulation, besides that there are various other reasons such as they are satisfied with the profits now and they want to harvest of what they planted so far. because it is not easy to maintain bitcoin for now especially at a very fantastic price even though for now a lot of corrections have occurred
One of the most common reason is about fear on losing their investment and this is why people do make out panic sell due to this very reason but without even thinking on how this market
moves and what are  the past or history of it when it comes to price correction and reaching or breaking new ATH's and this is why experienced people in regards into this market
wont really be easily get affected with any situation like Fuds or dumping of prices because they do eventually know that the market would really be make out some
recovery later on. When you do panic sell then you would just really regret on what you had done and youll surely be gaining awareness once you do
commit out these kind of mistakes.
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
May 14, 2021, 12:11:47 PM
#66
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
Imaginations can cause people to go into panic selling off,  loafty imagination like the one you have thought of bitcoin next break is at five hundred dollars, I think this comes with investor expecting the most and thinking of a dip, I think many panic sellers has a whole lot of expectations and are also moved by what and who made them to invest, let say I made you invest in bitcoin, really you didn't grab anything you just invested because I told you, if I panic and sell you may also follow in my line.
Panic selling is also normal with short spell investors especially when the prices goes lower than what they can bear/take.
sr. member
Activity: 1302
Merit: 250
May 14, 2021, 12:03:07 PM
#65
There are several reasons for this. The first one must start to panic because there is a lot of news about the manipulation that is currently happening and those who sell are afraid of losing some of their assets due to this manipulation, besides that there are various other reasons such as they are satisfied with the profits now and they want to harvest of what they planted so far. because it is not easy to maintain bitcoin for now especially at a very fantastic price even though for now a lot of corrections have occurred
legendary
Activity: 2716
Merit: 1092
Leading Crypto Sports Betting & Casino Platform
May 14, 2021, 10:42:18 AM
#64
Simple, who panic sell is who panic buy.  Grin Because who analyze it will know why he buy and what price he aim to sell it. People nowadays, although not all but a lot of them only follow signal, or maybe influencer who talk about crypto and then buy without prepare to minimize lose that he can possibly get. And then when price dumped, he panic and sell his assets.
copper member
Activity: 2268
Merit: 539
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May 14, 2021, 10:12:09 AM
#63
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

Like you and me many people don’t have the capability to be patient, they just want to make huge money and earn profits. This is the main reason for which people panic and are selling the coins.
Another in direct way can also be considered in this situation,
Elon Musk the DogeFather after announcing that his company Tesla won’t accept BTC as a payment method, this led to the market down and people started selling their coins.
But i will hold it for more maybe a bit more and will sell when i find the profit is sufficient.
Wish us good luck.
jr. member
Activity: 139
Merit: 5
May 14, 2021, 09:58:17 AM
#62
Not everyone makes big research and can think in long term. When they see big crush their brain tells them to sell it before it goes lower and they can't manage that thoughts. I'm not saying they're all stupid but i think that how it works.
member
Activity: 299
Merit: 10
May 14, 2021, 08:53:25 AM
#61
Bad news, I think sharks are manipulating the market with fake news, creating panic so many people are fearless to sell their assets. Hold on. Do not sell anything when the market is down.
sr. member
Activity: 2436
Merit: 455
May 14, 2021, 08:46:00 AM
#60
The answer on your question is their ignorance. Most of the people who enter the cryptocurrency world in the bullish market are all illiterate when it comes to cryptocurrency, so why did they enter the market? well, it is because of the hype or what we called FOMO, which is not good.

Once the market falls down, which is normal because of cryptocurrency's volatility especially Bitcoin, they would chicken out and do panic selling because they thought the price drop is continuous until they lose all of their profits.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
May 14, 2021, 08:43:48 AM
#59
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?
People panic sell because no one can foretell what the other person is thinking to ascertain their reason — whether taking profit or abandoning a project. It's difficult knowing the reason behind any sell. So, when the market moves heavily towards sell, investors speculate it could be a signal for them to sell off in a hurry and take profit. It happens too the same way when huge purchases are made and you notice more people get on buy as they would think the token is about to be scarce and more valuable. Again, asking if one thought the price could go to 0? Nah! That would be the end of this industry if Bitcoin ever dropped to that level.


There soulnd't be any sale presure given the history that we see Bitcoin only going up in value
If there isn't buying and selling, there won't be value for any token or coins. It isn't a good idea to encourage people to always hold without selling at some point.
legendary
Activity: 3248
Merit: 1179
May 14, 2021, 08:35:57 AM
#58
I think greed is what makes people panic sell, they wouldn't sell them if they didn't want to go for instant wealth, they could've waited for it to go up again which is what it will inevitably do in the long-term.

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!
So we can say that weak hands make people sell in panic, strong hands will keep holding and maybe invest more when the price dips, to make their position stronger for future rises!
full member
Activity: 854
Merit: 109
Trident Protocol | Simple «buy-hold-earn» system!
May 14, 2021, 08:33:29 AM
#57
What makes people panic is that they think other people will panic. The whole market is a psychological war anyway. Explanations, tweets, shares guide people's psychology. Psychology also steers the market.
full member
Activity: 336
Merit: 100
May 14, 2021, 07:58:19 AM
#56
It is not a given that Bitcoin bounces back quickly. Look at the current situation, are you sure it will bounce back shortly or are you unsure what will happen next? I don't know and I am not buying now because it is complicated to make a proper assessment.

Here's where fundamentals come into play.

I've been here for some time. Maybe not as long as people who bought in 2012 or 2013, but long enough to see a couple repeating things on the charts.

If the fall is right after a peak and the price corrects this means we were overextended. This means a healthy correction. People are selling to take profit.

If the fall comes after news unrelated directly to BTC like a ban somewhere, an exchange hack, someone saying something bad about bitcoin, it's going to be a weak hand shakedown and a panic sellout.
If you see this, make sure to buy more because it will come back as fast as it fell.
There were many such crashes like when the US closed borders in 2020.

But you forgot abut the resistance that Bitcoin built over time against bad news. A hack or a ban doesn't impact Bitcoin the same way it did 7 or 5 or 3 years ago. That is why I don't like to presume that all patterns repeat and whenever a hack happens Bitcoin plunges X%. It is possible that the market and the hype just overheated and the price is simply too high for what Bitcoin is able to deliver at this point. People thought Bitcoin would turn around all the way down from 20k in 2018, but it didn't for years.
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