Topic: When the price drops Do not panic, It will only make things worse - page 3. (Read 342 times)
July 03, 2018, 05:24:47 AM
When you panic sell when price chart is going down and red well you will loss half if your investment, and you will miss the chance of selling it in high prices so you loss double of amount. So dont panic
July 03, 2018, 05:23:25 AM
The bitcoin price is unlikely to survive at that price alone, the price is bound to change as bitcoin prices depend only on the market, so if someone sells the bitcoin in large quantities, it will definitely affect the bitcoin price reduction.
Bitcoin price will decrease and increase for it is volatile there no need to be panic for it only create chaos in the market. If you will to invest in bitcoin you should know the risk that will happen for its price is unstable. So if you will invest don't rush and take time to understand full what will happen if you invest in any cryptocurrency.
This is about consistency, if you plunge into the world of cryptocurrency you must know the risk, all things can happen, because cryptocurrency especially bitcoin is unpredictable. Panic just makes things worse, so think further before selling or buying bitcoins
I think price dropping is not as result of people selling off their bitcoin but it could be because of negative news surrounding bitcoin which are not true. People sell their bitcoin to meet up with some of their need which is inevitable but not always because the price rate is dropping.The last time I sold some of my bitcoin was as a result of my immediate needs and nothing more.
Totally agree,when investors or holders of bitcoin with large number of their wallet and want to sell and dump the price in the market,this affect the market and people start to panic and makes the bear market win.
I do not think an investor who knows the digital currency market is ignorant of this rule, except to be a beginner trying to make a quick profit through a short-term investment. Which makes it worse is not investors but trading bots.
Trading bots do not panic but often programmed to reduce losses when the price reaches a certain level, which makes things worse.
When losses continue, they may be satisfied with a small loss other than gambling "keep holding."
Trading bots do not panic but often programmed to reduce losses when the price reaches a certain level, which makes things worse.
When losses continue, they may be satisfied with a small loss other than gambling "keep holding."
The bitcoin price is unlikely to survive at that price alone, the price is bound to change as bitcoin prices depend only on the market, so if someone sells the bitcoin in large quantities, it will definitely affect the bitcoin price reduction.
The people who usually panic are the ones that are into Bitcoin for the quick profits and the people who thought that this was a "Get rich quick" scheme. These speculators are also the ones that cause most of the volatility, because they are continuously buying and selling when there is a drop in the price.
The long-term hoarders are the people who are buying those cheap coins, when these people panic.
The long-term hoarders are the people who are buying those cheap coins, when these people panic.
Sometimes people get panic when bitcoin price goes down and they sell their bitcoin because they don't want to get the loss too much. They're the weak hand. It will affect eventually and making bitcoin price down again. Just hold your bitcoin and don't cut loss your trade.
If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?
Panic won't affect the bitcoin price since there are so many people using and trading bitcoin every day and they won't get panicked just by some peoples sold due to their panic.
If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?
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