Bitcoin Forum

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

Given the price didn't dip below 6k across the major exchanges I'd be surprised if many people sold out at below 6k! Aside of that the points are great and hopefully this will be a learning curve for anyone who re-enters the market. For me it was the first time going through such a large dip but I stayed true to what I'd always thought and been told and held through it. Of course there's still a long way to go to recover but breaking 10k is a great start. If the guys who re-enter can learn from their mistakes then the market can only grow stronger in the future.

Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.

Classic Buy High, Sell Low strategy, great way to make others richer!

Bless 'em. Where would we be without these people? Certain traders would be considerably poorer.

The even more pitiful thing is that the ones who aren't permanently ruined will come back and buy at the tippy top of the next peak 'because it only goes up' and subsequently hand over the same coins to the same people for an even bigger discount probably.

The longer I spend staring at crypto, the more bemused I am by the relentless predictability of human psychology. These moves are so inevitable that I can't quite figure out why more people don't see them more clearly.

Instead of blinded by the lights (a song by the streets) we should have blinded by their fears. FOMO and the fear of loss are what drives these people and they are unable to see it. At the end of the day, in order for you to profit, someone else has to lose out so we should be glad for these people.

Information and advice in this regard is an interesting topic, the more educated potential investors become the more difficult it will be for the rest of us to profit.

The problem is that I'm sure most of these people know perfectly well how these cycles work, but they're 100% incapable of preventing their emotions from clouding their judgement.

You see it day in, day out. Even some of the oldest hands start calling for doom at a downturn lasting a few minutes. When it bounces back then Bitcoin is totally awesome and they knew along it was.

I spend more than one year with bitcoin and I was well aware with this situation and never sold. I remember the time when one of my friend asked me that the price is going to go below $6000 and we have to sell but I told him that no matter how much the price go down it will reach back to its highest value and will go more and now he is happy.

Yeah, I wouldn't consider myself a bull, but even I am continually caught off guard by Bitcoin's seeming inability to lie down and die. I was fully expecting to sniff 10k today for perhaps a touch and then retrace, as has been the pattern, but it's been there now for 4 hours, just as Friday and the Lunar New Year are about to arrive (it's going to set off a lot of wild celebrations I tell you, from the chatter I see on some channels!).

There's really one lesson here: it's always too soon to call a price on Bitcoin, and it's never too late to get in. Not in 2020, definitely not in 2018.

I agree because i have been invested for a few years now and I was one of those panic buyers and sellers about 5 years ago. It’s now clear that the price will peak and then correct or crash and this is just part of the trading cycle.  You can either hold and ride it out, or try to time the sells at the top. If you can’t sell near the top, just hold and you will be fine in the long run.

I don't think millions is correct, but yes it will be worth a hell of a lot more than it is today. Generally speaking we're all winners today as long as we just buy and hodl. In 2 or 3 years we'll have our lambos.

For newbies (or so called "dumb" in trading terminology), this will served as reference on their future decision. Honestly, sometimes they need to experienced those regrettable decision so that they will know in actual why they turned out like that.

For long time traders, I don't know why the hell they are still on panic on the situation of massive dump. And to add for that, after dumping during the dump trend, they didn't able to make another entry to the level they want because they are expecting more dip. Looks like they need to start again for them not to be late to an unexpected rally.

Always remember that once there is a massive pump, it was always associated with a dump. Just look at how the price grows compare to how much it dip and we will realized that FUD will always be come and go.

That feeling when you bought at the peak because you expect too much that the pump is for the long term. Then suddenly the price dropped, you panic, and sell at loss to cut further losses. I think people are mostly swayed by "assumptions and emotions", especially with the first time traders.

While some panic sellers hate themselves, people with orders at the bottom that have been filled are surely grateful.

Those panic sellers are waiting for 20000 dollar to buy again. They will sell again after a correction. This Scenario repeats several times and they lose their money and patient people make money.

I think most people who panic sold also bought above 15k. Lot of newbies have come into crypto with high hopes, they have immediatly gone trough some of the most severe crashes in crypto, personally this was my first major crash aswell but since I came in exactly when China FUD happened I didn't let it bother me that much.

TIP:

Dollar cost average in, you're less focused on the price that way and don't have the headaches of the wild swings that BTC goes trough. That is ofcourse if you believe it will go up longterm

You know one of the main reasons why panic sellers panic sell? They borrow a loan from a bank thinking that if they invest in a specific investment suited to the current ongoing trend, they'll soon get rich from it. But when the prices goes down, they get scared, think of totally insane ideas on how they would wind up in streets if they don't pay their loan off and their family would suffer forever.
So yeah panic sellers are regretting their decision, yet again.

Yeah, they learned their lesson the hard way, but at least they can look at the market with a better understanding of how it works.

Those people, panic sellers, newbies, whatever we wanna call them, they probably gave in to heuristics and emotions. For example, Social Proof, because 'if everyone else is doing it, so should I', but little did they know that having this mob mentality when you're about to enter the cryptocurrency market was going to result in absolute failure (or in this case, losses).

I wouldn't be surprised to see those same people being part of the next FOMO wave, but given how they already experienced the cycle (hype-FOMO-FUD-despair), I think they'll think twice before selling at the first sign of a downtrend.

Exactly, so many new comers that make bitcoin could hits new ATH, also at the same time, the rocket running out of fuel because people taking their buy orders right away after the Korean fud and Chinese new year. But, those newcomers didn't know about the every year's cycle of dumping so they're really scared and trying to cut lose their investment because they afraid that bitcoin could turn into nothing but ended up missed the train miserably.
Can't blame them though, panic selling mainly affected by psychology, it's better to get off the trading activities when they could easily be depressed by doing that.

While I am mildly happy to see the price go up, there is no real need to constantly say that panic sellers are hating themselves, or that they yet again have missed out on buying lower. It's something we have seen happen basically for years that panic sellers can't escape from a constant cycle of buying high selling low, which heavily contributes to capital destruction. If there aren't people selling their coins in panic, this market wouldn't be able to offer us the opportunities we so much love -- how else are we supposed to sell near peak and buy all the way down till the bottom? Those who learn from their mistakes know how to move forward, and those who don't learn, will remain stuck in the aforementioned cycle.

The movement of the price of bitcoin today is just like a normal price slowly increase and reaching a new level of the price but right now bitcoin is recovering and hit $10k usd again only those people who holds and panic sell their bitcoin in the wrong time will regret soon and i think mostly those people are newbie that afraid to lose more when the price is keep decreasing past few weeks ago.. Newcomers come and enter to bitcoin without knowledge when the price of bitcoin higher then the current price and they don't know exactly how bitcoin works if they check the movement of the price from the past they will see the large drop before that actually the same happen this year. but why the price of bitcoin are still keep increasing.. If they are smart and think deeply and believe that bitcoin can be recover and increase more they will experience to make a large profit just like those people who bought bitcoin and low price..
That is why other pro traders recommending to keep buy in low price and sell when the price is increase by 20% just like now while the price is keep increasing there are traders and miners are satisfied what the price today just to get the profit or opportunity while the price is keep increasing because we don't know what will be happen sooner or later can be drop again.

Yeah, I'm guilty of selling--but it wasn't to cut my losses.   There were things I needed to buy that I couldn't with bitcoin, which is unfortunate.   I'm really looking forward to a time when I can but cat food and asswipe with crypto.  Currently I know of no good way to do this aside from buying gift cards, and if that's the only option then just converting to fiat is much easier.   I do wish I could have held onto what I had but I'm not crying about it.

Too many reasons why BTC dropped to 4 digits and those panic sellers, noobs and whales are part to blame for this. They are reading too much negative news and take them as a fact to decide if they will sell or not. I too takes a look at the price of BTC and Altcoins from time to time but when times like this when fake news are everywhere and fud are being feed to scare the noobs, I just look the other way and wait. Nice to see BTC at 5 digits again.

LOL exactly, and then they run to the government and whine about how bad bitcoin is ...  ::)

Same people also complain about casinos taking their money, fast food making them fat and so on  :P

I hope it's not a dedcatbounce.

People considering the current up movement to be a DCB or a BT, are often panic sellers themselves hoping that they can re-enter at levels near they have sold at, to grant themselves a lower entry position again.

It more and more starts to look like a solid recovery. I don't consider the $10,000 mark to be something we'll be able to maintain for too long, but this at least shows the intention of the overall market, which is up.

I would have liked to accumulate a bit longer at sub $10,000 levels, but that's what you get in a market only looking to rush up. Overall, I am quite satisfied with everything that I did manage to buy below $10,000.

Who could not hate themselves if they realized they're weak enough to panic sell their crypto assets amidst crisis and see how bitcoin grows again today. Hopefully they will learn from the mistake they've made and learn to hodl next time.

Do not strongly blame yourself for the fact that you sold bitcoin during its fall, everyone can make a mistake :)

Do not be too sure that this new climb is some kind of market "reversal". From my experience, any falling market does not reverse and recover quickly in one pump. But this small pump does give some opportunity to some people who want to sell for a better price.

A lot of people have done this... And I really don't get it why they do it at all. If you were investing in bitcoin then surely you know what bitcoin's all about and you are a believer in the technology right? Bitcoin hasn't fundamentally changed a bit throughout all this fluctuation, so why are you selling?

Every single time that this situation pops up, it seems like panic sellers come out of hiding and try to cut their losses. And it almost never works.

There are going to be eventually a 6 figure bitcoin, 7 figure bitcoin. It doesn't really matter since fiat is going to be worthless in the end and bitcoin may even become the definition of value, since it is decentralized. No good trying too much on short term trading, especially if you try to chase the most popular investments and sell when it's not popular.

I am not sorry to say this, even though he is your friend cause I will gladly say it to his face. The fact is, this is how some people think and one of the mentalities they have about everything which makes them remain stagnant in life.

If he is smart enough (point of contact to the same people in his shoes), he should be asking himself one simple question, which is what has he not been doing right and then make amends. Like they always say, only a fool will do the same thing over and over again and expect different results. If he feels the market is corrupt, then that is absolutely his own loss. We cannot always have smart people all the time, some are just not meant to be, and some of us will always keep getting richer as long as they keep remaining stupid.

I often laugh to see the silly behavior of panicked sellers, it is clear they get the loss of panic they are experiencing by selling bitcoin at a cheaper price than buying it is very harmful. I wonder how anyone could be like that.

I think you meant FOMO, not MOFO  :P

Anyway, these guys are the biggest losers. They see bitcoin on the news, they buy the top and it starts crashing, they (once again) look at the news and see how "bitcoin is crashing", and further crashing ensues causes precisely by these watching the news and paying attention to fakestream media.

Notice how during this cycle, none of them even bother to research what bitcoin is and why is it valuable (and why you should only look for the long term and ignore market noise)

Entirely agree, but with time they should learn. The more we tell them that it's just what happens and they must control their emotions etc they should in time learn.

They're a long way off just now and some are entirely helpless but you have to think with each crash that goes by and is recovered from, more and more people will learn and the next time around it won't be so profitable for the guys who know what they're doing.

Pretty sure these people who sold at a loss already have a working knowledge on how gloomy everything is when it comes to January but are too scared that everything will be gone so they've sold pre-emptively. Couldn't blame them though, especially if they don't believe bitcoin would be able to recover in the coming weeks. The price cycles of bitcoin are engraved in charts, so I wonder why people think that it's the end when a sudden drop happens when in fact more and more people are getting interested in throwing their money in the playing field.

And who would not give in to panic considering that the price fell very much and did not rush to recover, but most were waiting for such a turn and now see the result of their actions

Yes, there were a lot of them crying now. The good thing is i am not one of them. Although a newbie, i trust my instinct that it would be good to but at dip and so i did. I have learned a lesson during that dip and one of them is not to panic.

Your friend is lucky to know you.  Good advice!

hahaha yeah you are right many new players who become part of panic sellers, really pity me with those who wasting their assets and money, if they want to learn and more patience surely will not happen such thing.

Well, obviously if you are just looking to cash out BTC because you need to buy something, then cash it out. There is no point holding onto bitcoin forever if you're not going to spend it at some stage. It's like saying that I'll buy groceries later because I feel like that we'll get more by holding onto my BTC, these kind of expenses just can't be avoided.

It's different for if you're a investor in bitcoin though. One of the conditions to start even investing in BTC is that you're putting away money that you have saved up, and you don't need urgently.

If you're panic selling because of the fact that price is going down, and you're cutting losses, then that's not a good decision to make.

But some people are forced to cut losses, because they used margin trading or borrowed money to trade. Another reason why you shouldn't do that.

not their own some of them blame the market and hate the market even hate bitcoin for new players they will definitely call it that way and hate it because they have no experience and yet understand what kind of market conditions but for new players it is certain it will happen and they prepare moment to buy as much bitcoin as they can.

Yes, they have always allowed their emotions to rule them and that puts them in the bad side of the triangle. It is life, and we will always end up having people like this and over time, based on what drinker said, it is not like we won’t still be having profit trading the market or holding, the only difference is that, it is just going to be a consistent one as the market starts getting stronger and not this type of sweet huge profit within few weeks. The smart ones keep getting richer anyway, while the dumb ones will just keep getting poorer until they understand how ignorant they have been.

got it right mate,this is the moment why more weak hands now are blaming themselves because of selling they're bitcoin in times of dip,it was only 15 days or more but they cant even make hold of the coins in just a short period and now the strong hands are celebrating and cheering to each others because of the happiness they are feeling now

It’s the same cycle every couple of years, noobs & panic sellers (the same thing sometimes) are embarrassing. All you have to do is look at the life long chart of bitcoin prices. The price always recovers, it’s a near certainty. HODL for a few years from now & you will be greatly rewarded.

This is how the market works everywhere and will always function in this way in the coming future also
There is a really simple logic to this if you want to make profit in trading the basic rule is buy at lower price and sell at high price
In order for us to get a coin at a lower price we will want others to sell it at a lower price so even if dumb traders make stupid moves like this it will be a profit for someone else it's that simple
We do complain about traders  selling at a lower price but see it from a different angle a fall in price will be good for someone else

This is human nature. You can hypothetically imagine that the price falls below the price at which they were sold. Then they would be happy that they did not lose even more.

We can't still blame them for what they have done. The crash last time is something to be taken seriously. More than half of its market value before was reached due to the continuous dumps. But at this moment, it is now starting to rise. Those who invested when its market value was continuously falling will surely earn huge profit on the next months to come especially if this scenario will continue.

panic always turns to lose in crypto ecosystem. crypto lovers loves panic sellers they usually kiss and ... panic sellers lol

But you're only making assumptions, it's not something that you can guarantee with 100% certainty, bitcoin started increase a lot, we got to $10,000 and all news channels were euphoric and very optimistic and posted forecasts every time: "analysts predicting that by 2019 the price will be $40,000". even John McAfee made absurd predictions. the price reaches $12,000 and news channels remain euphoric and posting very optimistic forecasts and the cycle repeats up to $19,000. people sell their altcoins to buy bitcoin and used their credit/debit cards to buy bitcoin... so the price drops and many people enter in panic and sell their bitcoins... that's because people think: "if in a few months, the price went up from $1000 to $19000 - because it can not fall from $ 19000 to $1000? " so they sell!

What I want to say is that it is quite normal for people to sell in panic because nobody can guarantee with 100% certainty that the price will go up

I have no doubts personally that we are going to go for newer heights, eventually 6 figures a coin, there's literally no doubt in my mind, because I understand the implications of what bitcoin is as a store of value, and what bitcoin can become with second layer scaling.

It would require a total disaster for bitcoin to fail, but outside of that, we will keep going up long term while surviving the obligatory bubble and burst cycles that anyone that has been in bitcoin for a while is comfortable with.

Of course, nothing is guaranteed in finance, but nothing is guaranteed in life, in the sense of you can die tomorrow in some stupid accident. But if all things go as they should, we'll see 6 figures per coin within the next decade, probably way earlier than most can fathom.

That's why some people are making money by relying on the statistics and analysis and some by simply having a plan. For me it's about the fundamentals. I want BTC because i need to keep my money somewhere where the hands of the government can't reach and I want to have something to hold on to in case of a SHTF scenario. The price matters to me because it defines how much stuff I can buy and that's what I want in the end. Physical stuff like food, home, means of transport, but I also want security and that's what BTC provides, regardless of price.
 
Panic sellers are a laughing stock.

There are many friends around me buying Bitcoin when the exchange rate is $ 18,000 and has sold off losses when the Bitcoin exchange rate dropped to $ 6,000. Moreover, now they are regretting selling it when the Bitcoin rate is now nearing $ 11,000. That warns people to invest without exploring as well as carefully analyze Bitcoins as well as cryptocurrencies.

That is why for newbies the best advice is to hold their cryptocurrencies. You must have some emotional detachment from you investments, and have plan when to sell/buy.

There is no good result if you sold your holdings because you are on panic by the market crash and buy back later on if its pumping so hard. This market is very risky and your decision here will matter most so always trade with you equip goals and strategy cause if you believe that this market can survive then greater profit will come for you.

It sucks that I bought some Bitcoins, a week or so ago, but was limited by Coinbase and so couldn't buy more.

Of course, they will be unhappy with the fact that they hurried and sold at a low price, working in this area should expect and the rise and fall of prices

Panic sellers didn't learn! once again bitcoin proves that those who get to earn a lot from this kind of investment are those who are capable of trusting bitcoin and are patient enough to hold and wait till the value recover and start to pump again. I am happy bitcoin seems to start making noise again as it embrace the $11000 after reaching $7500 last week. I hope this good news continues.

We all know that sooner or later bitcoin will bounce back, I don't know what's wrong with this panic sellers. They seems not learning from past experience of many of us here. We have been calling them not to sell, but eventually did and now bitcoin has recovered, who are they going to blame? No one but themselves.

Its really a expensive lessons to learn here, I hope that those who are reading this thread wouldn't fall on the path as the panic sellers who now lost their investment because of their dumbness.

let us wait and see,maybe it is just a bulltrap???if bitcoin stay at $15000,i will bull is coming back .

While others are panic selling, many traders are buying it because they know that this kind of opportunities do not come often and fear is the one prevailing. After the panic sellers sold their stash around $6,000, they saw it slowly climb up resulting to some traders who short the market lose more because they are expecting it to go down lower. Clearly margin trading is not for the noobs because you might end up losing your finds in a short period of time or if you know what to do then you will have unimaginable gains.

Trading is a roller coaster ride and whatever your capital is no matter how big or small, you should always have money management and if you can't control yourself when you have small capital then how much more if you have bigger capital. It is always important to have a trading plan and know when to take profit and accept that you need to cut lose if you are margin trading but if not then you have the option to just hold it until you have some profit.

Maybe he really did mean MOFO because they buy the high and panic sell the lows. Hahaha. :P

But really, without those types of traders, the market would not be as profitable to trade as it is today.

Same here, as much as I feel sorry for them, we need them to grow our wallets. And probably many of them take their lessons and become hodlers later :)

Weak hands everywere.

The last posts of this thread got me a little worried...
Usually when the hardcore bitcoin zealots surface, telling how pathetic the sellers are and how sorry they feel for the sellers. Then I'm the one who is selling :)
This indicator makes me think that this drop will probably go further. I'l better sell my bitcoin dependent alts..

That's true, we can't blame them for what they have done. They can do what they want because it is their own money. People have different aspects when it comes to decision making so it really happened. Happy are those who buy at low price because as of this moment btc starting to recover.

Well I feel sorry for the panic sellers, a different thing by my point of view. You wouldn't sell a mile long red bar just because CNN news tell that the bubble burst, would you? That's panicking. And don't get confused on my newbie account, I've been around since we got Goxxed.

Those weak hands are surely beginners in crypto world and don't have any idea on how this market runs well and some are still not used to all the fluctuations and still vulnerable. And sooner when the market recovers, they're mocking around here and regrets are all in their faces.

I browse different forums where people talk about crypto and I have noticed the number of FUDsters is directly proportional to the higher the price goes since the last bottom.

This fact proves that there's a lot of pissed off people at how they lost their money by selling low, and this also proves the moment it starts dipping as they try to convince you to sell, they will be getting ready to buy back in.

If you aren't a a good trader (and chances are you aren't, it's too hard to predict the market) seriously look at the HODL thread and read.

This is true. Surely it is a lesson lesrned. Dumps are not permanent and this scenario proves it. From being downed to 6000 USD from 18000 last year, its market value is now starting to rise. It now reached and crossed the 10k mark and is now continuously increasing. zthose who sold their Bitcoin during the dump will surely regret this one. But it is not too late to esrn profit, they may invest now since the increase has just already started.

In general, people think that weak hands are beginners by default, but that's not entirely true. It's a term that applies to anyone selling in panic during a correction/crash, which more often than not means that people sell at a price lower than where they bought their coins at. I have seen enough old members here who still struggle with understanding how this market exactly works. After such a long period of time you would expect people to adapt and to improve, but nope, they are still at the same level with their understanding (or better said, lack of understanding). In other words, beginner or not, some people will never get used to the hostile nature of this market. You would expect them to quit at some point, but even we have to admit that Bitcoin is too addictive. :D

Panic is the worst emotional behaviour you can do anywhere, any place in life. Regrets will follow and you will never learn. Bitcoin or crypto markets want patience. Bitcoin will raise over $20k but only for patient people.

They are being shaken out with renewed fervour now. Those who bought in at $500 and $800 are not selling. These are the get rich quick kind, who bought at $15,000 and are now wondering what the hell they were thinking. There are also those who are satisfied with a few dollars of profit and don't realize the true potential of Bitcoin. As we go forward, some of these people are bound to sell.

The crypto market as proven to people several times that the market always recovers but people always want to out smart themselves thinking the market wont recover and choose to panic selll to get out while they can but it all ends up with Panic sellers hating themselves

lol this is learning the hard way wouldnt want to have such an experience:P

Don’t they always do, but at the end, they always end up learning their lessons. Unless someone is dumb enough, that is the only time they will be making the same mistakes twice. I wonder how someone will go through all the length of holding till $6000 and then panic and sell everything while listening to some bullshit FUD, over time, they get used to it with the experience and that informs their decisions the next time same incident happens.

They are mostly newbies who panics at the earliest sign of bitcoin price correction. These panic sellers includes traders that never learns and still overtaken by panic even they have been trading for some years. They should fully educate themselves first before investing in cryptocurrencies and maybe learn how to manage and overcome fear and panic. Managing your emotions is one of the important factors in trader's success.

Yeah, the fact that we broke the $10k region is really a good start, what we are trying to wait for now is to break the downtrend line up and that is where the main journey to the moon starts again and when panic sellers will even be crying more.

Like you said, I always believe that newbies are always the panic sellers and most people who have been in this trend for a while and see how things turn out at the end, usually get to see how things end up turning out and then strengthens their future decision when market turn down.

Oh yeah! And they are so dumb enough they do not even know that. It is crazy though, because people like this are just naturally greedy and looking for the fastest route out, which is why they get burned mostly. Why will anyone ever buy into FOMO and declare the market corrupt at dip when that should even be the best time buying. Ignorance though is the greatest of all diseases, so I usually do not blame them. Probably, he should even say the stock market and Forex market is corrupt since they experience downtrends too.

I agree because even some experienced traders still gets affected by the fuds and never learn the history. I mean by all of these experiences we should be numb as well and just treat this as another day in trading and just eventually subside after some days. We should be all used to these as volatility gives us good profit at the same time.

Believe it or not the people that sold @ the $7k range are mostly bots. Panic sellers not that much, although they sure did help the dip as well!

Bots are set up by people, same as stop loses. If the price hits your stop loss level you'll sell automatically. It's a function of the API, not a bot. I also know some panic sellers in person and they were really sad about the prices going down and possibly having to wait months for another opportunity to sell close to the ATH. It doesn't matter though. All panic sellers have learned their lesson and are either gone from the crypto scene forever or waiting to buy the dip and get more coins with the fiat that they now have. Next dips will be much shallower and we're getting ready to go up again big time.

It's normal to feel in panic attack but you shouldn't overreacting on it , be calm even you can't accept the losses , collect information as many as you can and make decisions based on the data not based on your fear of loss , the decision could be to cut the loss or keep holding, it's conditional. Sometimes panic selling needed in certain circumstances.

Yes once again bitcoin proves it to be unpredictable.This time many would have shorted their bitcoins with a prediction that bitcoin price would fall below $6,000 and they could enjoy by buying it at such a lower price.But once again bitcoin disappointed them by recovering in price and now its price is almost $11,120.

This should be taken as a lesson for those who want to short their bitcoins as it is dangerous to do so since it may lead even to ultimate loss.

It is true that regrets is at the end, realizing what you have done wrong at the end, and it really breaking your heart when you experience it just a lot of people who choose to withdraw their money when it is at bloody period and now that it is getting high again a lot of people are doing panic buying again.

just Bitcoin fluctuate in the area of ​​11,000 dollars, with a difference of 500 dollars plus or minus, does not yet say that this is a positive growth of bitcoin on the market.

It seems that it can be the beginning again of the healthy trade inside the exchanges, the value is really getting interest coming from new investors
believing that it will rise up since it's showing some good indications, though it's really early to say if this will continue but for sure this movements
already gain attentions, bitcoin will grow no one can deny that and if we are wiser then we should keep holding our coins and store more inside our
wallets.

Panic sellers are never not hating themselves. Sometimes I really do not understand, they realise it's stupid the first time and then they continue doing it.

Jokes aside, when the market crash is the best time to hold and buy more, to make sure to exploit the low part of the wave and make sure to ride it to the top.

Panic has recently contributed to the downward movement of Bitcoin and other altcoins but all the same they themself have learn a hard lesson that they will never forget in a hurry for decision.

I agree with you. We need to separate our assets. Leave in the fridge. Another part is to use for trading in the market. I do that. Sometimes I buy and sell with less benefit to myself, but I never take my coins out of the fridge. This is my strategic reserve. I didn't sell it for $ 20,000 or sell it for $ 6,000. I'm not even gonna sell it for $ 50,000.

Panic in the market is always vaccination against panic in the future. People who sold bitcoin for $ 6,000 will hate themselves. But in the future they will be more patient. This will make the bitcoin market more stable in the future. Anything that doesn't kill us makes us stronger.

market has nothing to do with them,because market only moves with our deposits and withdrawals,they should blame themselves by panicking and selling their coins to cut losses,this serves as learning to them that they must trust the coins in their hands,panicking only gives loss while patience is the key for succession.this must put in mind of every users here

That is clearly because they made a very wrong decision of selling their bitcoin in fears that their investment will be a failure. And usually, most of these panic sellers are new to cryptos with less knowledge and experience.

And now 11k is broken, while the lesson you are giving to newbies is correct at the same time it is difficult to believe they are going to learn it after all it is likely they do not have too much money to invest in bitcoin right now and even if they had it, it is not likely they are going to have the courage to invest now thinking the price may crash again.

Panic selling is just like the fight or flight response of our body to a certain situation especially when in danger. It is normal.
Though it cut off your loses, it also cuts off your chance in getting it back.
It really brings no good for it is irreversible.
An advice to this is di not watch the market frequently or often, it triggers you psychologically. Leave your investments alone if your goal is to wait for a growth. Focus yourself in other ways to have a steady income.

I love the way you say it that no matter what price of bitcoin you bought it, eventually it will be worth millions in the future.
If we really want to hold and is up for a long-term investment, better not hear any news about bitcoin or learn the art of not being affected with any negative news against bitcoin because when you give in with your emotion, you will sell and regret later.

Well the prices are going down once again, but it does not matter what people need to understand is that the price of bitcoin will eventually recover it can be difficult to believe for those that are relatively new to this market but it will and once it does you better make sure that you are holding bitcoin or you are going to be left behind and you are not going to get any profits.

Yeah, only the beginners get panic after seeking the decline whereas he experienced ones won't even hesitate in making up the investment. Although bitcoin undergoes various inconstancies but the market ultimately recovers after some time. The only thing it requires is a great persistence till the things get settled and everything gets on track. But once that stretch of downfall is over, you no longer have wait for the desired profit...

Hating ones'self won't help someone instead, cheer up. Panic sellers are just wise thinkers because they are only thinking for a better solution which is somehow good. On the contrary,they regret when selling it with such any amount because eventually,the price changes on the following period. That's why they feel hating themselves.

Don't mind them and just do your work eventually when bitcoin rises agai they are the one who will regret the decision they've made. Maybe some of them are only practical and they cannot afford to see that their money is slowly decreasing because of the price situation that bitcoin faces right now. And if you think that bitcoin will recover again then the best thing to do is to keep holding it and continue to support the coin.

You are right, don't mind people who does not deserve your attention, we are creating our own life here and if they are continuing to do panic selling despite the fact that we are almost saying to them not to do panic then it is already their fault if they regret after they saw that the price had boom again.

If you are dealing with cryptocurrency, you must be ready that each moment the market can fall or rise, vice versa. Thus, panic here is the worst strategy.

I think that many people who invested their money in bitcoin for slightly more price than it really is today do not have any sense in panic, because they will not help themselves anyway. bitcoin will return to its maximum value, you just have to wait and have patience.

Of course, many during the falling prices succumb to fear and sell bitcoin and therefore regret when prices rise

I was about to get pissed of with the 6k price of bitcoin and was about to lose the confidence to believe that it will move up again.
But patience is really a key. Panic may come to anyone but if you have that strong fighting spirit and enough knowledge and expertise on the bitcoin cycle, then you will win.

Panic selling always makes you feel like this, don’t ever do this and make sure you know what to do before making decision. The market is dumping and pumpming you just need to find the best way to exit and enter the market.

Well proper management of your expectations is also a key here. Most of is who are in for the long run are ready to ride tides like these and even let recoveries pas us by without touching our btcs. All the fuds for me are just blabbers that i just shrug off since i never expected anyway for my investments to be short term

That is true - the way we must set our mind is that, everytime bitcoin price is going down, we take it as a bargain and buy bitcoin as much as we can (of course, use only the money that we can afford to lose) and then hold and plan for a good exit with a profit. You can then have the option to rinse and repeat.

I think that anyone who have invested would get either a little despaired or annoyed with how the price dipped really low especially after experiencing an ATH of almost $20K last December 2017. For someone who has invested a large amount of money, it would be inevitable to get a little scared. Seeing red and the charts go down would definitely dishearten most and make you lose faith. Fortunate are those who were able to stand firm and resist selling. Those who weren't able to are probably drying their tears right now.

Optimistic. In the end of course there will be a recovery price where the decline is only temporary and then continue up to the value of Bitcoin become expensive. Basically, panic selling decisions are detrimental to the market itself, but this has become a trend so many groups are doing panic selling simultaneously.

as these people lose their interest in long term... they'r dead.

The worst thing in bitcoin trading is panic selling by seeing the minor fluctuation.If you are selling bitcoin at low price with any valid reason means,it will be fine.But if you are selling bitcoin by seeing the minor dump,surely you will feel for that in future.The price reduce 2300$ in single day and 3000$ raise in single day.So don't do panic selling.

In short, never get too emotional with your trading and just keep calm when you see some price fluctuation because that is very normal with bitcoin as it is a very volatile coin along with other coins. Just instill in your mind, that sooner or later, the price will go up again and you will be in profit at the end of the day.

being emotional is okay and its normal for us people to become emotional , not unless your an alien and dont have a feelings. your mind is also you use not your emotions and feelings in order to decide on whether you should buy or sell. but overall it is still ok to panic sell because you are afraid of missing out. i myself do always panic sell not just im afraid of the market but rather i do need the cash imediately in order to buy important stuffs for the house.

There is no doubt that the psychological factor is still of vital relevance in the trading business, and it is very useful to separate those who will eventually achieve the success of those who are condemned to leave the business prematurely, with empty pockets. And that's the main reason why 95% of aspiring traders tend to fail in less than two years, because at the end of the day the markets exert a strange but cruel justice so that the money stays where it should be, and abandons who does not deserve it.

Not only beginners panic after seeing a price crash, many people do it as well even experimented members and that has to do with the amount of money invested in bitcoin, I'm fine with the amount I invested in bitcoin but many people invested almost everything they had and when the price of bitcoin goes down they are losing all their money in the world so they get nervous an they may sell for a bad price because they are unable to endure the pressure.

The money will be going to the most firm in mind, spirit, and emotions. This is a tough business and you need to be strong and not be a weak hand in order to gain profits in trading - especially in cryptocurrency trading.

This is too funny. You call the people who sold at 10k 'noobs' and now we're at 7k  ;D