Bitcoin Forum

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Probably yes. There are few expert traders and many newbies in the Bitcoin world yet, that is (I think) why we see such pumps and dumps.

If there were more people knowing the true value of bitcoin that would not happen.

Or maybe panic buyers are keeping the market afloat until Black Friday  :D

Ah that is why the price is decreased yesterday they are just starting to fool us just to buy bitcoin for low price.. or this is just whales strategy again just like before..
Well the price is increased again back to 703 and i think it can be increase more soon..

It's going to go up... the us ellection is insane no matter how it goes, hillary wins, it will cause a lot of frustration in trump camp, trump wins, it will cause a lot of disruption in the markets... btc goes up in any case.

Banning bitcoin in china? i think not the only reason.. some investors are going to sell their bitcoins because they are already make profit in their bitcoin.. that is why they are sell lage amount of bitcoin and they know that the price will decrease soon..

Once all the sellers are gone it's up, up and away!  Patience...

I cannot say I am sorry for them because the price at the time they dump was quite high. So even if they dumped their bitcoin, they still made a lot of profit. Now they can reenter bitcoin and start making some money again.

I don't feel bad for them. People should make up their own minds about their personal exit points etc. Weak people following others are just sheep.

And yes HODL ;D

That, and from a purely technical standpoint, the price needed a correction anyway.

So what if they sold at $690 instead of $710? That's only 2.9% difference.
If they feel good about it: good for them!

I'm neither buying nor selling at the moment. I'm just very curious to see what the US elections will do to Bitcoin. Both candidates seem equally bad, I've never seen an election where both candidates divide people that much. That makes me think Bitcoin will go up no matter who wins. But then again, you never know. For now I'm holding my bitcoin and my euro.

Weak hands lose money, and apparently a lot of the Bitcoin speculators have very, very weak hands.

Whatever though, more for whoever wants to take advantage of the opportunity. It's not our issue to deal with. Let them do whatever.

Well there are tons of suckers in the wide world of bitcoin, as evidenced by the content of every other post on this forum.  Not surprising that people buy high and sell low.  You need boys of steel to be in this market.  All's great when we rise from $400 to $700...but just you wait if/when we drop back down to $400.  People will be starting threads whining how they got burned, etc. 

Buy and hold, baby.

There are winners and losers for every situation, and in this case some people did lose money. I made around 150$ profit buying low and selling high this time, I'll probably set up buy orders for 705 to catch people selling low. Money's in weak hands, and all of the traders with at least decent knowledge about trading have too little volume to stop such dumps. Shit happens, deal with it and move on once it happens. The Earth keeps moving. It was bound to happen anyways, a small correction after a period of high rises is perfectly normal.

Those panic sellers are crying right now. And those who buy when the panic started are the one who are happy about it. They cant control thier temper,and fall into temptation.

When people will understand that bitcoin bad news and FUD travel fast and cause a lot of panic? It was always like that.
I wouldn't be surprised if someone proved that many of these FUD articles was written by speculators who are seeking good entry price.
Moral of the story? Always buy more BTC when obvious FUD is happening.

that's the problem if you are just relying with the hype without knowing the flow, this is just common with btc movement certain fud or bad reputation would create some destruction down fall follows and whales will ride with it and make it seems reality and weak holders will choose to lose little thinking that it will go down deep.

Ohh... the true value is the situation on the exchange market, just based on money flows. All other things is a fantasy.
Seems someone is ready to pray on BTC and never spend BTC to pay things or services.

sometimes i feel like some people are incapable of looking at the charts! and the volumes in the orderbooks!

because sometimes it is so obvious what these whales are doing. when you see a buy wall or some series of buy walls forming at a lower price and you see dumps on higher price it is obvious they are waiting there at the bottom for the fools to fill their orders.

Panic selling  is  just  normal  for those  who have idea  on a certain dump of bitcoin price. FOr those  newbies out there  expecially on trading they  would surely  sell  out their bitcoins because they are   afraid to  loose  even  more  money and    as  OP mentioned  we are  now  holding on  $700 mark  and  hopefully it would not  stay  below  that price.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

This is not about being a noob ,i am sure nobody understands exactly why the price of bitcoin is moving ,only thing we know is after price increases we would see a article that he price increased because of so and so and that is the case of price depreciation ,unless and until there is a major hack,these price fluctuation is because of active traders trying to book their profits and then re entering at a suitable price.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

They would normally  sell off their coins to secure  profits and  thats the way  of  short  trading and doesnt mean that  they are  newbie  or  what. Securing profits   is  jsut normal and bitcoin traders  will do these  and also as we all know  the price  will possibly  move  in  any directions thats  why  we should expect these  kind of things.

Actually i can say that i am little same among those seller, since i doesnt hold btc for long stake, this thrend for me is just good since the profit i can get will be big and at the end of the day i choosely convert it to real cash to use,

But normally my cashout routine is weekly basis, and maybe i will hold for this moment and let my bitcoins multiply for little more,

It is and always have been part of the game. People with little patience go down the drain and pay all the bills in the end. Nothing bad about it. They have to learn the lesson to avoid the same mistake next time. Education always costs.

Quite true that weak hands always loss being panic, actually it was the good dip to buy cheap coins when FUD was around about chinese banning bitcoin. Created by whales just to shake few small hearted traders to grab all their bitcoin holdings.

I had bought few on that panic dump below $700.  ;D

you would be a fool to think whales are not dumping to decrease the price but also there is much more noobs (better term is weak hands) in bitcoin which total to a lot bigger number than 10BTC and they don't initiate it.

there are stages when the whales couple spreading FUD with dumping at the same time to create the panic for idiots then go on exchanges and sell and immediately open a buy order lower to buy from those idiots then the game begins where they dump and buy until it is at a bottom and then start only buying. you can see this on a chart when there is a big jump back up again.

That's the best way of making profit. During the price increase and decrease people often get panic with the price movement. One who gets good learning about bitcoin with its true potential won't panic even if steep decrease happens after price fluctuations.

Or maybe not, more probably those who are selling have their profit.  Remember bitcoin stays for around $620 - $650 for several weeks, so more probably the dump is for reaping the profit when price hits 700+.  $50-$100 profit for a single bitcoin isn't bad.  And then they will buy back at the bottom which in return can gain them another profit because Bitcoin is holding strong at $700+ now

You are not getting the whole point I guess. You guys are blaming with the weak hands that's why they follow the dumping scenarios of those big whales.

What you must point is not the weak hands itself but the source of it. What if those noobs are taking profit? They will just watch how the price decrease without doing nothing? Those trends that whales are starting are part of the price fluctuations in bitcoin so better ride with it rather than take that as a problem. They can still repeat the process of buying after reaching the dipping point which if we will carry the situation in the recent price decrease, the dipping point is around and close to $700.

I don't think that the recent drop was too harmful for any noob.
A noob might not check the price every day, so there are high chances that a lot of them did not even notice the drop.
And if they did sell, I don't know anybody who starts with bitcoin and puts much money in it.

To me i always watch the price of bitcoin. checking the price on preev dont need much time . the drop few days ago is just whales attack and i think we don't need to worry because there is still possibility that we can still experience to reach 800 value soon because of price increase back again..

And then everyone will rush to exchange their Bitcoins for cash so that they could buy cheap stuff on Black Friday and crash the price of Bitcoin? I guess not. Long-term holders won't sell their stash just because there are some deals when they could use cash. Alt coin miners on the other hand will most probably start selling some coins to buy early Xmas presents.

This is causing a lot of doubt with investors, if a commodity can be manipulated so much in such a short period. Yes, we have seen some volatility

in the past... so this is nothing new, but for new investors this might be too much, and they might just abandon Bitcoin because of this. We should

reconsider our options, when a commodity can be manipulated by whales and rumours like this.  ??? Learn to ignore anonymous reporting from

journalists on crack.  >:(

Big changes in price are going to happen and we just need to be prepared for them. When we see a big drop in price, we should look at it as a time to buy bitcoin rather than sell it.

Most of the people who invested in bitcoin are not early miners who had the chance to get the coins easily ,so if the stock they invested get depreciated you would panic for sure since there are no regulations and monitoring authority to check fake pumps and dumps ,it is really hard to trust these investments as we have already seen price dropping down to $220 from a all time high of $1200

Panic reaction in any way, buying or selling, is never good. Yor can profit from Bitcoin only if you exclude your emotions as much as you can and keep your head cool. It's not easy sometimes but you learn with time. And jumping on every pump or dump could cost you a lot.
Price is looking good now, let's see what future brings to us.

Yeap every single wrong action of selling can attract nor make people fear to lose money and surely it can start out some flames to start a massive dump, and best trolls can actually do that, and there are others who is oppurtunist who's intend to look up for a dump and buy for cheaper price to gain more proifts in this kind of dumping and pumping scenario, and same as you i really hope to see good straight path to up so our profits will not subside and steadily upwards.

You can't totally blame panic sellers, you can't always predict the market direction and nobody wants to lose out.

You sure about that? I'm not so confident it would go up in either case. I'm not really sure the outcome of the election would have any significant effect on the price.

i would have agreed with you a while ago but i have been seeing a lot of talk about this in the past weeks that makes me doubt it.

bitcoin is known to be affected by the hype, and hype is what most people are talking about. it doesn't have to be necessarily a real thing.

for example halving made price go as high as $780, granted a rise was overdue but the rise of that size was unreal at that time and halving effect is being felt now not back at the time of price rise.

It is not panic selling. Some people bought cheep and they wanted to collect their profit

It could be a mix of several reasons.And these two may be the most important ones.A few guys wanted to take some fiat profits while some others got scared by some exaggerated news.
We've seen this several times now.
The good thing is we seem to be able to hold the 700 range.Probably we build some solid bottom here before continuingmoving up again.Nothing wrong about that.

Panic selling  is  just for newbies  out there   which they  tend  to sell out their bitcoins  especially when they saw theres a dip  on the  price. Ex. they  bought  bitcoin at 720+ price then  it dropped   again on  690+ they would surely panic and   tend do sell off because they believe it would go  down even  more  but  i could say not all  people  would really do that because  most of them are wiser  which  they  tend to  hold   it and  buy even  more  on the  mot  possible  low price bitcoins and sell  off when  it  bounces  up back.

I got your point, it makes sense as well.

If theres a news we will expect some rise up we dont need to panic and make assumption we need to double check what would be the impact so we can make a good entry and exit to have some good profits.

Probably still an effect of Trump winning.

Trump's win resulted in an increase in Bitcoin's price. There was uncertainty in the market and this resulted in demand for bitcoins.
What we saw later was the correction...

People took profits now that the end is not going to end because of Trump, but make no mistake, Trump will follow his program, or that is what I think. He will create market uncertainty and this will benefit us bitcoiners. The people that is not buying back now after taking profits will miss on massive gains next year.

Trump is nothing more than a muppet taking orders from far above his level. At the time he really takes over the presidential seat, he will start with lowering his tone dramatically.

Smart people have more than enough coins in their reserves even when they secure a decent amount of profits at current prices. Only noobs will find themselves buying back at much higher levels as always.

If I take myself as an example, I have bought the far majority of my coins well below $400, and even a part below $300 levels. I am in a comfortable position right now.

I will only buy back if the price drops significantly below the current levels. If it doesn't drop, then no problem as I have enough coins to make myself happy with. :)

the blame on panic sellers only goes when there is a small change in an stable market and a little bit bigger change when there is some volatility going on. the rest of the changes which are bigger are natural movements and sometimes whales manipulating price.

We cant blame them because thats the way it is. They cant just keep it forever. They cant wait even more if the price goes down again because of big crash. They just dont want to lose any of their earnings thats why they are dumping bitcoin and dont wanna risk everything. They just playing game wise.

Yes, they must be right with respect to their decisions on uncertain market conditions. I too will take such decisions instead of facing huge losses by continuing holding bitcoins. In my experience panic selling is most common for any trader that might safeguard them and sometimes make regret them for missing out big opportunities.

But majority who dumps can't be elite traders as they atleast know price will be pumping even more in coming days. So they can't just short their holdings for this types of smaller price dump. May be they will buy more in small dumps.

The majority of the dumpers are either people who secure profits every now and then, or noobs dumping their coins in panic to prevent further losses. Whale traders aren't playing around with 5-10 coins... If you are talking about the real elite of traders, then you are talking about people having tens of thousands of coins for trading purposes, combined with millions in fiat.

Not only that, but they also team up with each other to rule the entire market with iron fist from several major exchanges. If they cash out a certain part of their profits, they know what they are doing. They will either let the market fall back down in order to buy back, as happens all the time when the price goes up nicely, or they keep the market stagnant for a while, where people will dump their coins out of boredom. Either way, dumps are inevitable.

It may be bad for those who buy on the top price and suddenly hit by a fuds then dumps since people can lose huge money if that really happens on bitcoins price rise, but also it maybe a good oppurtunity to those dump waiters for, and we can't really say when we might gonna lose since bitcoins are not predictable at all, so to only safegaurd our money is to monitor the flaws so if big pumps will came we surely not missed the oppurtunity of some temporary pump

You talk like it's a thing of the past... The price is still tanking as predicted. And will continue to do so for the forseeable future.

I thought you were all so sure bitcoin could only go up up up with Trump being the winner. LOL

I am up several thousand percent on my investment since 2011 so I am pretty satisfied with that
 
Up 21% in the last 3 months alone.....thank you btc  ;)
 

oO since when kwukduck say something optimistic about the bitcoin price  ::)
Back to the main subject, there is always a loss risk when trading bitcoin, personally I am happy that the rise happened before I sell my coins  :)

why you say it tanking i only see a good increase there, price is strong and growing steady, if we can continue this pattern i'm sure $800 will be a memory in no time

Yeah, so many people get involved in bitcoin world just looking for what time to sell again my coin before the price go down.
That's why the price get decrease in earlier days and today, don't know how much it will be on tomorrow.
Bitcoin has a good foundation as first digital currency and its already perfect coin as well.
so many potential of bitcoin and could be stronger medium of exchange if 'the buy and seller' think it properly.

Hence it is important not to risk money one can not afford to lose.

Price dropping back to just about $700.
Is now a good time to buy some coins?
If we don't get some movement to the 750-800 range I fear price could possibly drop back to around $650.
(Probably not much lower though. I see some people saying it could drop to 450-500 but that seems far to low to me.)

Hence it is also important to get your money out of Fiat ASAP  if you want to preserve your wealth

If you have cash savings you want to get it into something like btc sooner rather than later...

Check this calculator to see how much you lose by hoarding cash :

http://data.bls.gov/cgi-bin/cpicalc.pl

The US dollar has about 250% inflation since the year I was born.
That is really scary, actually.
This makes a 30 or 40 year retirement fund look a lot less attractive.  :P

I think that panic selling is becoming a normal think because it happens too often maybe within a month or few months.

Usually when the price changes I don't make panic because I believe that the price will get back very soon.

So a price change of +-$100-$150 isn't to make panic even though it is huge change but if price changes for 40%-50% then there should be a panic.

Ahhh yez, that $800 (that never was) surely is starting to look like a memory indeed.

Lol what a joke. Crypto 2.0 is the future.

If you look at the 3 month chart the only thing anyone with eyes and a brain can see is this bubble popping.

instead of the 3 month chart i am more interested in looking at your 3 month post history :D or better yet older history.

and the only thing i can see is you saying bitcoin price will fall to $100 and die but the only thing that happened was a $100 rise each time you said it ;)

you want to see a bubble popping look at monero, or at BTC in 2013.... this looks much more like a prebubble and a return to confidence than a bubble.

The price drops is a common problem that always happen to bitcoin and any other currency.
That's up to them who panic or not and sell their coin, it doesn't really matter, we just need to calm down and wait until the price get back to the right path into $1000, hold on.

$680 is a strong base.  It will hold and go up.

Thats not good because for sure it will flushed our investment if we make some panic when seeing the price is falling big investors are taking advantage waiting for this they know how btc works and have good profits in return.

Yes, those who are getting panic and quitting their bitcoin holding are simply falling into the traps of high volume traders who are generating false dumps time to time.

The hedge traders and intraday traders are usually planning for quick profits and they do trigger any short term trend in market movements. Those who are not having strong technical analysis will get panic and fall into traps and losing their opportunities and obviously profits.

This was been the game of whales, price manipulation and does not care about small traders.  Technical Analysis may help but still the prediction belongs to speculation.  Those who have less faith in BTC will surely panic no matter how strong they technical analysis is.  And those who were blind supporter of Bitcoin will never sell their bitcoin even if they don't have that TA capability.

You should only invest in bitcoin with your extra money. That's what I do. You won't know when will it drops or increase. What happens if it drops and never increase back ? You don't wanna bet with your daily expenses.

that's right never stake your life with bitcoin investment i know its really good if you make good assessment regarding to the price hype but if you failed its hard to regain loses so much better to have spare money to play with it so no matter what you will able to wait until the price jump high again and it will avoid you to lose your money.

yesterday this happened one more time. a small price manipulation that lead to price drop and panic sellers unloading their bitcoins on exchanges.

i still can't find anything that i can associate with that drop apart from pure manipulation but as we can see now, price is back above $700

Indeed  :D

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.

Sure thing that the big whales are playing and wants to take profit ans weak hands got easily swayed.
However, we can't blame them for selling and we didn't know what's really is going on. We're just like small fishes and the big whales are the one's who's responsible.

i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again.

It's true, some people who have said a few days ago that bitcoin will go down more because of the some news in China was panic to decide sell it will be very sorry with this reality, bitcoin price movement just the opposite and continue lead to the heights on its price. From that, it's good that we really do instill a sense of optimism and aren't so affected by some things / news that tries to shake our beliefs, that's better than till being easily influenced and in a hurrying to decide something, already proven clearly the holders is the winner.

i think the reason behind this is that, a lot of the who sold their bitcoins are new to investing, it seems that they do not know what to do in times we there are bad news going around, and i believe they also lack trust on bitcoins, since just a word from jpmorgan's jamie dimon, a lot already sold their bitcoins and instead of holding them and looking at the gains that they could possibly have by now, i think they might be regretting that decision they had made, but all is for the better, i hope they already learned their lessons and if they want to invest in bitcoin they may do so, but they should really come up with a plan, not just selling their bitcoins. it is also a good thing, since now we know, what percentage of bitcoin users are actually knowledgeable in what they are doing and not jut going with the flow or following the trend since bitcoin's value is going up.

That is what you called weak hands. There are countless advises here in the forum telling newbies not to sell because it won't covered their losses. But still they immediately panic reading a lot of FUD here. And it will hurt them. Hard lessons to swallow. All you have to do is just be patience and stay calm and don't be nervous or disappointed when you see that the price is plummeting. I hope they already learn this painful lesson not to panic otherwise they will just lose their hard earn investments.

It's quite uneasy when you have half of your fortune in this wonderful bitcoin.

Well that's what happen when the weak hands heard some rumors ,
They couldn't really control their emotion and let's it drive them down.

This is not really new, there would always be something like a panic seller or like what have you said weak hands, and anytime in the forum there would be newbies that would be interested with bitcoin technology and how to earn with bitcoin, and I really think people that are panic selling with bitcoin would surely change their prospective over bitcoin after they have read and learn here in the forum so always teach our newbies.

But I like them, if the market has not some noob traders or traders can not keep calm as them, I will have many troubles to make money from trade cryptocurrency. Of course, they will be loser and their money will trasnfer to others.

They were just afraid that it will be coninuous without knowing that Bitcoin still, has a large community that will make the market demand of Bitcoin that positively affects its value. Its market demand remained high after what happened that make Bitcoin to recover from the backdrop that you've mentioned. Those who sold lose the profit and those who held and are still holding will earn huge profit in the future as its value continue rising.

There is no need to be afraid if the price goes down because the value would still rise significantly in the future, all you need to do is buy bitcoin hold into it and just wait for about a year or two I think you can have a great investment by doing this, particularly there is no need to panic after all, but I think you will need a private key if you are holding for a very long time do not let your bitcoin stay in a web wallet.

Best way to keep safe bitcoins is hardware wallets like Trezor.The security level is highest compared to other web based wallets.IMO current uptrend will continue and hit 6000$ till next month.But for long term investing better to buy deep levels and hold.

As the saying goes, a fool and his money are soon parted. Somebody who doesn't have the stomach to hold Bitcoin through the ups and downs will sell it and make losses. The others who are true believers will see their portfolio appreciate.

But i think that people are now too much mature and that is the reason that they are not going to sell their bitcoin, In past we experienced a lot of panic selling when there were some bad news in bitcoin, but this time people were too much mature and they were not ready to come in panic selling and therefore they were holding bitcoin and were not selling in panic like situation, so they give a farm support to bitcoin.

Situations like this is gonna occur Every now and then and you are somehow going to see some random idiots panic selling their crypto currencies. They sell and the price goes down and then the whales, the investors, the brokers and all those who don't panic sell their crypto will reinvest. There are also people who sell their cryptos first and then buy again at a cheaper price to get good profits which increases the units of the coins they hold.

We can't blame those who quit immediately as they see the dump price hard because in business we talks about money and all people basically needs it though so sad to see those weak hand directly give up easily. But then let's just understand that not all situations are the same since we don't know exactly why this people quit right away.

Some time people do not study about the market and without any solid reason they start selling, which create panic in the market, but this decrease is usually for a little time and after recovering the market, when they see the price rising again, they then lament on their decision, therefore i will like to say that first we need to study and get the opinion of the experts and then take a decision.

And that is why it is not good for anyone to just make decisions blindly. People are eagerly rushing into bitcoin today because they feel it is an avenue for them to make quick bux without even researching what bitcoin is all about, studying what they are investing into, checking out what the market trend has been like from the onset and how to avert from the mistakes people must have made. That is how a real investor should think and not doing this is the main reason that when a slight FUD happens in the market, the weak hands like the OP calls them are just ready to drop fast while some of them are even at loss only to come back to this forum to say bitcoin makes them tired.

Yes,nowadays people don't even to research about bitcoin and they just want overnight success by investing in bitcoins.They mostly think bitcoin as a quick rich scheme.When they see even a slight fall in bitcoin price and adding fuel to the fire,a FUD,immediately they get panic and just sell their bitcoins at whatever price they see on that day.Since bitcoin is an ever growing market,new investors would enter daily in to this market and the process of getting panic would continue and the big whales would continue to have huge profits.It has become an ongoing process in bitcoin market.

Panic sellers always lose in the world of cryptocurrency. I myself experienced it first hand when I cashed out my btc when the prices went down fast. Only to find out that it will increase by as much as $200-500 within a week and less than $1000 in a month. From my standpoint, I've learn to read a lot of news, speculate and even ask people for help and advice when the pricing starts to go down.

This is always happening in time to time there re people are just following the trends to sell their bitcoin and there are people are strongly holding their bitcoin and get benefits of it in the future but those who are late from the news and afraid of losing them all of their bitcoin they will sell their bitcoin before its late .. the news and the community can help to know about the price movement because if more people are telling that the price will increase more and posted a some updated news about bitcoin expect that the price of bitcoin will increase so it will depends in trends and news that can affect the price of bitcoin that could encourage people to sell and panic selling.

In world of cryptocurrency, you need to learn how to not give a shit to every event happened and just keep your bitcoin inside your wallet, watching the price everyday will just do useless thing but get alerted when price hits new ATH is a good thing.

Yes I get your point that they made a lot of profit already. But they could have earned more because the price ceiling of Bitcoin, in my opinion, is still far away from today's daily average price.

And also, I think one of the reasons why some in this topic are mad is the idea that panic sellers might ruin the Bitcoin price run. Remember the price is directly affected by the supply and demand and once the panic sellers start selling, the price will then continue to drop and give signals to other Bitcoin holders to panic sell also.

Weak hands indeed. Isn't it funny how most people don’t tend to look at the same incident in the past to judge the present and some people still end up and gullibly fall the same trick again. Like you said, this is one thing that will never stop and we will keep seeing this trend as time goes on. The weaker hands will keep dropping giving chance to those with stronger hands to even get more.

I do not think it is useless, check the price of Bitcoin everyday can helps you understand the move of Bitcoin price.
Sometimes, if you are lucky, you can know the next scenario of the whales will use for Bitcoin.

If you have half of your fortune, then you should understand the volatility risk involved in the first place. Sure, for a newbie, it would be hard but a time will come anyway when the value of your coin would have increased and shits like the whale FUDs won't even bother you.

However, since, it is glaring that some people are always looking for the opportunity to play with the market, is even more of the reasons anyone should stick to what they have than panic selling even at a loss.

Yes i wouldn't recommend panic selling anyway because it shows that you do not believe in bitcoin i would say you only sell when you are planning to cash everything almost out.

Not luck. We have all the bases to believe in the future value of bitcoin. It can be said that bitcoin is the most stable development currency. That is also the reason it is the king of virtual currency.

Not necessarily. Even if you are not planning to cash out entirely, you can go for a phased sell out. Early adopters can decide to sell 1 bitcoin every year. That way you don't miss out on any rallies, and you also take advantage of bitcoin's price appreciation.

I dont understand the reason of why people is still dumping their bitcoins, they can look at the charts and they will see that the price is always increasing, but they are worried about losing $20 because they are too scared to make a profit of 40% just by holding those coins for months.
But it is good, if there would not be panic sellers maybe we could not see any price decrease, so it is good to have them.

This is the reason why trading Bitcoin right now is so difficult. If you are a trader, you need to find a selling point and the wait for a price drop to buy back cheaper and to earn some extra Bitcoins. The problem is knowing when to sell which is very difficult. If a trader sells right now because we are at an all time high, he doesn't know if the price will just keep rising. If the price keeps rising after a sell, you lose all that additional potential gain. I traded Bitcoins for fiat and altcoins for a while but I have had to stop for a while because it has become too difficult to find buying and selling points. It's better for trading when the price trades in a trading range for a long time, but that's not what is happening with Bitcoin right now.

People are making things far too difficult for themselves. I have been browsing through a huge number of threads in the last years where people either got disappointed because they went all in, or they cashed out all at once. For whatever reason, it doesn't come up in their mind to buy/sell smaller fractions per time. For them it's like it's all or nothing, which is a pretty noobish way of thinking. It's a pretty basic form of knowledge, but yet people struggle with it. At the time panic kicks in, these people's only priority is to unload everything they have in order to avoid potential further losses -- let them do it their way, at some point they'll understand their mistake.

It's also a bit of a cycle. The more times the panic sellers get flushed out, the fewer panic sellers there are currently, the more the bitcoin price will go up. This is because the more often there are bumps in the upward trend, there are fewer people trying to sell and more people trying to buy. This makes the price drive even further up. The whole China FUD was a good thing for bitcoin holders.

i agree that is the most reason why some of them getting panic . because of bitcoin volatility . Since that scenario always happened. However the journey of bitcoin is not done . The big one is coming ithink this year end it will surge as the predictions of crypto community. I hope they will not repent if that times happen .