Bitcoin Forum

The panic seller's creed.

What's the matter, you guys don't believe in Bitcoin? Gotta cashout for some trustworthy Fiat?

Chill ya dude, no one's either selling nor they are stupid enough. Everyone here who has been in Bitcoins actually knows that it is going to make a new ATH every now and then, so they don't bother about all these temporary dumps or corrections. If compared, it's like being paid for your work after some time with a bonus to them who waited a bit more, and those who resigned already thinking that the firm may sink - will suffer for their decision. After all, it's all a matter of choice in the goal cracking process.

People have always been cashing out profits at near all time high levels, and that's a normal thing. Don't forget that people mostly have two separate coin stashes.

One of them being solely for long term hodling purposes, and the other stash is meant for short term trading purposes ~ I don't see anything be wrong with that.

You as legendary member should be well aware of how the Bitcoin market reacts at such high levels. Short term trading with current volatility might be a greatly rewarding practice.

I'll tell you why I don't like short-term traders.... is because they think they are smarter than the markets. If they had any real skills they would be working like everyone else and buying Bitcoins with their earnings. Bitcoin is a limited commodity, with a 0.4% increase on average PER DAY. Any smart person would just invest and HODL. Instead, these traders want more and get greedy trying to short the market.

HODLEr for LYfe

I can also admit the second half of this though:  ;D

https://res.cloudinary.com/teepublic/image/private/s--d6CSriij--/t_Preview/b_rgb:191919,c_lpad,f_jpg,h_630,q_90,w_1200/v1496003271/production/designs/1630567_1.jpg

Panic sell???
we are rising weeks by weeks, month by month....
a correction of 40% or 50% could heppen!
but it will be just a good chance to enter lower

The kult of HODL is growing more than the creed of the Weak Hands.

People are sending to cold wallets and will sell only after at least two years.

The dips will be provoked by short traders, which will be on limited supply. Scarcity will drive the price high, dips will be 10-15% at most. The only issue is that they will last just some hours or days. I just lost the refuelling train at $3800, but surely it can happen again until 22nd August.

They will be holding because of SegWit, LN, satellites, this will drive the price very high and to sell will be more risky. 10k will look cheap and dips will be even deeper, due to volume, and for a very short time.

Its really a good time for new investors to enter at this dip. I'm not selling my bitcoin, this is just a correction and should be healthy because new cash will pour in again so just hodl.

And next week when segwit has officially implemented, we will see a new price surge. So better hold. Those that are selling now just want to cash in, its normal but don't sell your bitcoin stash. Just a portion will do and go buy bitcoin if you still have some extra cash.

seriously,it's not because they don't believe it or something like that.
it's just they need some money from their holding to use it for their life.
many people in here using their salary as a capital for their trade,and of course if something like this happen,
more likely they will cash out some of their holding,because they need to spend it for their expanses.
so it doesn't mean they don't believe it,everybody have their own plan so nothing wrong with that right ?

and even if they sell it because they fear another 'huge correction' will happen,that's not wrong at all.
many people use their emotion to trade other than their logic.
just take it as an opportunity and we will get what we deserve in the future
so,chill bro

"seriously,it's not because they don't believe it or something like that."

Actually, it's a lot like that. Lots of buyers are only in this because they see something going up like crazy, they don't give a shit about what they are trading.

OP, why are you mad? Did you buy at the high and now cringing at the prospect of this correcting below $3000? There are some traders who are indicating it will.

But in all honesty I welcome it. Buying the dips has always been a good strategy in accumulating Bitcoins in my opinion.

Well, its none of his business whether they sell their coins or not.
After all it is their coins not his so stop ranting. ;D
Some sell their coins as bitcoin's price is ATH because they want to taste the moon.
Not because they sell doesn't necessarily mean that they're in panic.
But for sure they just sell only a small portion of their coins so if the price will increase they have some.

If somebody sells at this point, they have booked profits, irrespective of the price that they bought. So I don't think buy high sell low applies in this case. It is only applicable in bear rallies, where people are convinced bitcoin is going to become worthless.

I made this mistake at least one time. It happens when you don't trust your investment and yourself, its definitely not "cutting loses". To avoid this you should be patient while buying and analyze after selling. Learning from mistakes is enough.

Where are you know that about booked the profits, the similar sentences will be buy at the people want to pump and sell at the same time of the people wants to dump.
This a money game and nothing worthless. especially bitcoin.

If they need to sell due to expanses and using salary as trading capital means they are using money they can not afford to lose.
This is very dangerous and pretty dumb to do! Probably driven by greed. Just to make a quick buck. I highly doubt these people know what Bitcoin really is about and pretty much don't really care.

And selling due to fear of a "huge correction" is appreciated by guys like me who will gladly pick the coins those dummies will have dumped.

If you only invest with money you have lying on the sideline somewhere, what is doing nothing, you can get in and just hold, no matter what the price is doing.
All the other guys who are panicking and acting like headless chicken with every dump taking place are definitely overinvested.

Are people really still trying to short BTC? Most stories I have heard of people trying to short BTC didn't end well. One does not simply short BTC.

Apart from that, give sellers a break! Just relax and buy the dips, that's what their for. I'm not sure why you're even so upset about it. Real hodlers don't faze.

At present users who have been into bitcoin and has limited number of bitcoin will be completely in panic. This is just because of the ongoing price increase and the fear of missing out the all time high. This finally ends buying high and selling low.

People shouldn't even be considering selling a large % of their coins now. Bitcoin will be at a ridiculously high price after the next halving. People need to have patience & wait.

I think even the one who have sold few % of their bitcoin have already bought back bitcoins at higher price because they don't want to miss the current bull run. I have done the same, I have sold at low price and bought back at high price. You can call me panic buyer/seller but my decision already turns out to be right one.  ;D

i think this behaviour is legit!
Why sell all coins of my bucket?
The right approach is to do a easy money management diversifying all the funds in FIAT, Bitcoin and altCoins.

Days ago someone created a thread to speak their losses and say that he would not do day trading any more



If people need money or buy something, they will use their bitcoins.

This is really usually for people who start to trading without really understand what they are going to risk.
Maybe they try to buy and sell without any strategies...
i think this is nearest a gambler, than a trader!

You have done wrong that you have sold at low price you should need to trust bitcoin as according to rules because bitcoin is giving opportunity to people so how you can say that you have sold in low price you should need to wait for bitcoin that it will go and go again to high prices because bitcoin has never done something wrong like that so what do you think?

Sometimes people's greed can't be control if they are looking a green value

Personally I'm focus on BCH and yeah ... it's proven increased up to 100% meanwhile bitcoin market show fishy status , probably South Korea or japanese trader playing the prize

Its always good to hold bitcoins for a long term and to be honest I really don't know which is the best price to sell bitcoins as if I see today then tomorrow I may see much higher price in compare of today so sell it only if you need money or if you are completely satisfied with the profits that you are making.

Only 2 reasons to sell btc - you need money for bills or you believe the price is going to come down and you can come ahead btc when it does by rebuying.
Otherwise, use it to make more of it by buying shitcoins like bch, omg, etc etc etc.