Why do you PANIC sell? | Bitcointalksearch.org

pixl8tr

sr. member

Activity: 336

Merit: 250

Quote from: alexanderrrr on March 31, 2014, 06:38:32 AM

So if everyone just kept holding, the price wouldn't go down, right? Why can't everyone cooperate on this. What am I missing here?

Some Miners have to sell occasionally to pay for goods and services that don't accept bitcoin in order to run the operations.

durrrr

sr. member

Activity: 434

Merit: 251

yeah if everyone held that mean price would go up to whatever someone would eventually sell at/ so if u held long enough and only sold for 50,000 then 1 bitcoin would be worth that price

gentlemand

legendary

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Welt Am Draht

There are thousands of people across the planet involved. Some might have paid 0.01c, others $1200. There are countless reasons to sell. It would be a pretty dull market if only ants were participating.

Imerman2

member

Activity: 83

Merit: 10

Quote from: alexanderrrr on March 31, 2014, 06:38:32 AM

So if everyone just kept holding, the price wouldn't go down, right? Why can't everyone cooperate on this. What am I missing here?

Why would you want people to co-operate? Let the idiots make the wrong choices, keep your head level and happily relieve them of their funds.

Ivanhoe

hero member

Activity: 841

Merit: 1000

Quote from: alexanderrrr on March 31, 2014, 06:38:32 AM

So if everyone just kept holding, the price wouldn't go down, right? Why can't everyone cooperate on this. What am I missing here?

http://en.wikipedia.org/wiki/Prisoner's_dilemma

m3g4tr0n

member

Activity: 74

Merit: 10

If 100% of people held, the price would literally be infinity and also zero. You couldn't spend them either, because that's trading for value. AKA selling. I'ts just a dream you know, because there's always that ONE guy that has to ruin it and sell a satoshi for 1.5mil, thus triggering a landslide of panic selling back down to $450. I can't think of a more difficult task than coordinating all these people. You would have an easier time attacking Canada by convincing 314,000,000 Americans to fart north simultaneously. I'm not holding, because I know what a 6 hour LTC high looks like after a pump, and I know what the immediate opposite and mostly-equal reaction looks like. Every time I sell $0.50 higher than I bought, someone is losing something somewhere because they messed up and got impatient. The value may be dropping, but my coin collection is growing.

Zule

member

Activity: 84

Merit: 10

Quote from: alexanderrrr on March 31, 2014, 06:38:32 AM

So if everyone just kept holding, the price wouldn't go down, right? Why can't everyone cooperate on this. What am I missing here?

What if everyone agreed not to sell 1980 ford's. Man they would cost.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

you just need to learn to take advantage from a falling market. it's actually better for you than a market when price always increases exponentially (not possible anyway).

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Here's what you are missing:

1. People dump to rebuy lower so they can increase their BTC holdings.
2. markets don't work like mindless bulls would want to. if we are in a bearish market, price goes down.
3. some folks have life savings on BTC and it CAN go to zero. I don't think it will but for people who would lose their pants the "HODL" philosophy may not be worth the risk.

alexanderrrr

newbie

Activity: 27

Merit: 0

So if everyone just kept holding, the price wouldn't go down, right? Why can't everyone cooperate on this. What am I missing here?

Topic: Why do you PANIC sell? (Read 1333 times)