#panicselling is so 1995

[MaxTax]

When Bill Gates Windows 95 he made a OS for the 'masses' simple people with no intellect. It was meant for using a pc, no need for understanding it.
Then Satoshi created the Bitcoin protocol and people could mine/speculate on bitcoin

The problem is, bitcoin is not meant for weak hands to sell. It's meant for people to use or not to use.
Not to speculate on. Because.... people whom don't understand it, and try to speculate on it lose loads of money and we.. the community have to deal with it..

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[PakistanHockeyfan]

We don't have to deal with it if we're strategically buying and selling at the right time.

[gentlemand]

Bitcoin is whatever people make it into. Right now the collective consciousness has made it into a vehicle for speculation. It is what it is and nothing'll change for a good while. It's up those beavering away in the background to come up with some more utility.

[dothebeats]

We don't have to deal with it if we're strategically buying and selling at the right time.

Agreed, because we won't be affected that much by these price movements if we move together with it. Those who are much affected by it are the businesses which needs to constantly exchange btc to fiat and vice versa. If you aren't that worried about the price drops and you are a long term holder, you won't even bother even a sharp price decrease happens.

[Rubberduckie]

as long as you know what levels you are ok with owning the underlying
security (this being bitcoin) but with any investment, Just be confident in
what levels you are comfortable with owning it at. So whether it goes
down or up you are fine with owning it at that price. Then just buy on
them panic dips

[Odien]

Bitcoin is designed to be a currency. And a currency can be speculated on.

[Amph]

at this point i believe that there are still fish on the market, because it is to easy to start a panic selling, or maybe the bot that they programmed ar enot so good, and they shift the range of trading from bullish to bearish each time...

[Zistmine]

Bitcoin is designed to be a currency. And a currency can be speculated on.

But speculation caused the bitcoin to be very volatile. The volatility makes bitcoin less currency.

[oblomov]

Bitcoin is designed to be a currency. And a currency can be speculated on.

But speculation caused the bitcoin to be very volatile. The volatility makes bitcoin less currency.

The Chinese renminbi yuan would be as volatile as BTC if the USD exchange rate were not controlled/managed by the PBOC.

[helloeverybody]

Some people using bitcoin must literally be panic selling all the time, In the whole time ive had bitcoin ive yet to sell any. When it goes high i think nice, then when it drops its annoying but t no point have i though i better get out.

[anthonycamp]

panic sell removes the good rise price of btc but its small amounts i guess the big whales are good to keep the major gross of btc and the rare mining makes it valuable into the halving soo expect btc to rise after 6 jan

[Emersonnets]

People will think and speculate as much as they want. Some people tend to panic as soon as something changes within the market.
Speculating and panics is something that makes the market moves as well. So I wouldn't see it as an entirely negative thing.

[Denker]

When Bill Gates Windows 95 he made a OS for the 'masses' simple people with no intellect. It was meant for using a pc, no need for understanding it.
Then Satoshi created the Bitcoin protocol and people could mine/speculate on bitcoin

The problem is, bitcoin is not meant for weak hands to sell. It's meant for people to use or not to use.
Not to speculate on. Because.... people whom don't understand it, and try to speculate on it lose loads of money and we.. the community have to deal with it..

Well Bitcoin can be so many different things for each individual.
Some use it as currency.Others, and this is biggest part of the participants right now, use it as a speculation and investment vehicle.
Again other groups see Bitcoin as a protocol which can be used to build a new network and ecosystem of crypto related companies.
So what "to use" means can vary in many ways.

[Gloober]

People all have different views about bitcoin, it's bound to happen that people are panic selling.
I'd say let them sell and they will regret it when bitcoin is getting too expensive for them to buy.

[zodiac3011]

panicselling is all about crowd's psychology in my opinion. When the price got pumped a little bit higher than it should be, some begin to fear that this will lower soon and they sell bitcoins which makes the price halts a little bit. That makes more people become fear of that fact and they start selling like hell. Anyway we don't really suffer from it. We just buy lo and sell hi

[cptdome1]

Why sell at all.  Just keep buying BTC and when you have enough to retire forever then sell.

[HarryKPeters]

When Bill Gates Windows 95 he made a OS for the 'masses' simple people with no intellect. It was meant for using a pc, no need for understanding it.
Then Satoshi created the Bitcoin protocol and people could mine/speculate on bitcoin

The problem is, bitcoin is not meant for weak hands to sell. It's meant for people to use or not to use.
Not to speculate on. Because.... people whom don't understand it, and try to speculate on it lose loads of money and we.. the community have to deal with it..

I think bitcoin like any other coin has a lot of weak hands.
When some big investors sells you see a extra action from the weak hands.
The can't handle this kind of disturbance

[praprata]

The more volume you see, the more weak hands are trading.
Having weak hands is perfect for trading. You make the most profit with them either buying or selling.

[European Central Bank]

The more volume you see, the more weak hands are trading.
Having weak hands is perfect for trading. You make the most profit with them either buying or selling.

No one makes money without the price moving. What we might think of as weak hands might all be pros moving the price where they want it to go. I'd love to know what the life cycle of weak hand is. A lot must have faded away over the last couple of years.

[praprata]

The more volume you see, the more weak hands are trading.
Having weak hands is perfect for trading. You make the most profit with them either buying or selling.

No one makes money without the price moving. What we might think of as weak hands might all be pros moving the price where they want it to go. I'd love to know what the life cycle of weak hand is. A lot must have faded away over the last couple of years.

Yes, but the weak hands are in a constant supply. With bitcoin price increasing more people will come into bitcoin, try and speculate and thus we can sell our coins to them too.
or even buy our coins from them.
The life cycle would be 1 month at most.