#panicselling is so 1995

[erwin45hacked]

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

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[eternalgloom]

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 don't agree with this, Bitcoin can be used for whatever people want to use it for. I think for some people, it will only serve as an investment tool and for other people it will serve as a currency.

[Arcteryx]

Bitcoin can be and whatever we want it to be. It is literally in our hands how it comes to take over the economic world. What we do with it and how we mold it into, right here, right now.
Prosperous new year of the bitcoin one and all!

[BARR_Official]

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell.

Well you could wait until it goes back up.  If you sell, then there really is no way to recoup your losses.  If you hold, there's a chance.

If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

Why would you sell at $320 when you didn't want to sell at $400?

[Hugroll]

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

if the prices went up $80 id be iffy on selling 50% chance i would sell, but if the prices went down $80 i wouldnt sell for sure. because if i sold now then i lost money overall.

[erwin45hacked]

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell.

Well you could wait until it goes back up.  If you sell, then there really is no way to recoup your losses.  If you hold, there's a chance.

Tell that to people that keeps holding when they bought it more than $800 , ot has been years since we see that price and there is no telling when wil we reach that price again. Cutting lose is a best way to get some losses back, you can then buy at lower bottom and sell it higher

[Zistmine]

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

The price might go up $100 in one day. The price is too volatile to predict. The long term price is up.

[aso118]

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell.

Well you could wait until it goes back up.  If you sell, then there really is no way to recoup your losses.  If you hold, there's a chance.

Tell that to people that keeps holding when they bought it more than $800 , ot has been years since we see that price and there is no telling when wil we reach that price again. Cutting lose is a best way to get some losses back, you can then buy at lower bottom and sell it higher

If you really cut your losses and want out, you shouldn't be speculating on bitcoin. For all you know, the point where you decide to cut losses might be the point where the tide turns. Then you miss out on a rally.

[ObscureBean]

If you couldn't speculate on Bitcoin, it wouldn't be nearly as popular. If it was just another type of money where your $1 can never be anything more than $1, I'm pretty sure there'd be almost no one using it right now. It's the unpredictability of Bitcoin that makes it so attractive to a lot of people, the fact that it is not impossible for you to wake up one morning to find that your $1 is now worth $10.

[Yakamoto]

If you couldn't speculate on Bitcoin, it wouldn't be nearly as popular. If it was just another type of money where your $1 can never be anything more than $1, I'm pretty sure there'd be almost no one using it right now. It's the unpredictability of Bitcoin that makes it so attractive to a lot of people, the fact that it is not impossible for you to wake up one morning to find that your $1 is now worth $10.

Well the volatility certainly drives some of the speculation about the price, but there are also the people who will use it that are genuinely interested in using the platform as a means of currency transfer, and that is good for the currency as a whole.

I think that Bitcoin will retain a lot of its volatility until there are investors that work to stabilize the price, and even then we can see quite a bit of volatility.

[Amph]

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

The price might go up $100 in one day. The price is too volatile to predict. The long term price is up.

no it can not, it would kill the mining scene entirely, there is no more real profit around $100 for the miners anymore

[bitlancr]

We all have our opinions on how we should use bitcoins. I think we can and should do whatever the hell we want with it. It's not like anyone is telling you what to do with your fiat money. Some people use bitcoin as their solely currency and use it in their day to day life. Some just use bitcoin to save up, which is fine too.

[MaxTax]

We all have our opinions on how we should use bitcoins. I think we can and should do whatever the hell we want with it. It's not like anyone is telling you what to do with your fiat money. Some people use bitcoin as their solely currency and use it in their day to day life. Some just use bitcoin to save up, which is fine too.

Offcourse you can do what you want. But having so many panic sellers is so sad.
In a way it's good, since we lose weak hands.

[Zaun]

I dont think we should blame the panic sellers. It's their money so they can sell and yes even panic sell.
In the end it's their loss right?

[MaritiJames3]

Panic seller or not, i like to earn money and seeing some panic selling in the market never frightnings me.
in fact I am confident the profits made with a crash is 99% of people who panic sell.

So keep it going on.

[maku]

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

The price might go up $100 in one day. The price is too volatile to predict. The long term price is up.

no it can not, it would kill the mining scene entirely, there is no more real profit around $100 for the miners anymore

I think that Chinese mining farm will still profit with bitcoin price under 100$. Everyone else won't. We are in the era of industrial bitcoin mining anyway.
Huge ASICs farms are the only reliable way of mining nowadays. If you are solo mining you are not doing it for profit but instead it is more of a hobby.

[WEBcreator]

Panic seller or not, i like to earn money and seeing some panic selling in the market never frightnings me.
in fact I am confident the profits made with a crash is 99% of people who panic sell.

So keep it going on.

Everytime someones sell then there is someone that buy but with panic selling, the price that you are buying could be higher in number if the sell pressure continue. Perhaps you thought that as long as you got profit then its fine but once you in huge red because of the sell pressure then you will be the one crying for it

[Zistmine]

Panic seller or not, i like to earn money and seeing some panic selling in the market never frightnings me.
in fact I am confident the profits made with a crash is 99% of people who panic sell.

So keep it going on.

If you bought the bitcoin when the panic selling a week ago, you are in profit now. Buy when others are panic.

[Amph]

I think most people are sensitive for turbulent changes.
When the price goes down like 20% in 1 day they think they have to cover their loss.
Which sometimes is a good decision. Don't forget that.

Those that dont sell when prices moves down 20 % in a day is absolutely a fool because there is no way to recoup your losses back if you dont sell. If you cant do the math, 20 % of current $400 is $80, why would you keep holding if the price goes down suddenly by $80 in one day?

The price might go up $100 in one day. The price is too volatile to predict. The long term price is up.

no it can not, it would kill the mining scene entirely, there is no more real profit around $100 for the miners anymore

I think that Chinese mining farm will still profit with bitcoin price under 100$. Everyone else won't. We are in the era of industrial bitcoin mining anyway.
Huge ASICs farms are the only reliable way of mining nowadays. If you are solo mining you are not doing it for profit but instead it is more of a hobby.

no, because the diff would have been very high by the time we go sub 100, it's not possible for anyone to have profit with that rate, already today any farm need at least $60-$70 as a minimum to have their profit, this with current diff

[randy8777]

Panic seller or not, i like to earn money and seeing some panic selling in the market never frightnings me.
in fact I am confident the profits made with a crash is 99% of people who panic sell.

So keep it going on.

If you bought the bitcoin when the panic selling a week ago, you are in profit now. Buy when others are panic.

that's how smart people are trading. they benefit from the panic in the market created by these panic sellers. but the thing is, most of the people are too scared to buy when the price is going down. it doesn't feel good for them. these panic sellers allow us to make good profits as they sell their coins to us for a low price, and when the price is going back up, they will buy their own coins back for a much higher price.