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Author Topic: panic selling  (Read 111155 times)
mornabo
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February 09, 2017, 10:29:04 PM
 #721

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
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February 09, 2017, 11:52:42 PM
 #722

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
in fact people are no becoming more and more mature. we can see the reflection. the price start dropping from 1080 USD to 940 USD but got a good support and now it is trading above 970 USD and that is good sign. so we can expect that the price of bitcoin will recover its position very soon.

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February 10, 2017, 01:52:18 AM
 #723

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
in fact people are no becoming more and more mature. we can see the reflection. the price start dropping from 1080 USD to 940 USD but got a good support and now it is trading above 970 USD and that is good sign. so we can expect that the price of bitcoin will recover its position very soon.
You are right, the price is expected to rise again, that is a good sign so we should not be panic selling. Instead, let us keep monitoring the market so we can analyze it right. Knowledge gives you the right decision, so keep improving it instead of listening to people who would tempt you to sell.

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February 10, 2017, 01:58:50 AM
 #724

in business do not ever panic in response to a market situation that suddenly the price fell, but we must be proficient in reading and utilizing the existing situation into an advantage for us, such as if the market most people sell when the state of the market will fall so we do not participate selling but we buy as much as we can when people will buy new we sell it to double the advantage for us
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February 10, 2017, 02:29:49 AM
 #725

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
in fact people are no becoming more and more mature. we can see the reflection. the price start dropping from 1080 USD to 940 USD but got a good support and now it is trading above 970 USD and that is good sign. so we can expect that the price of bitcoin will recover its position very soon.
You are right, the price is expected to rise again, that is a good sign so we should not be panic selling. Instead, let us keep monitoring the market so we can analyze it right. Knowledge gives you the right decision, so keep improving it instead of listening to people who would tempt you to sell.
trading in bitcoin nowadays for me are a little bit blur .

i mean it is often where people get confused whether it should be a bearish or bullish even they have make a lot of analysis based on a lot of factors like a pattern, statistics, news etc , but still bitcoin gone wild , in the end people just place buy/sell position randoly.

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February 10, 2017, 03:05:23 AM
 #726

And what does it change in practice?

Some folks may freak out even if the stock goes down just a few percentages (why they are buying stocks in the first place is another question, though). I guess the very fact of buying trash stocks has already plenty of irrationality in it built in. If you were rational, you would most likely stay away from such stocks altogether (unless you have insider information, of course). People are eager to hope for something out of nothing (just look at ICOs), and when the stocks they have bought in mostly futile hopes of future hefty profits invariably crash, they panic sell them

High risk stocks carry the opportunity for high reward. That's not irrational; it's a question of your appetite for risk. If you're looking to take on a lot of risk in hopes of high gains, that's rational. But I am saying that my definition of panic selling necessitates an element of irrationality of thought. The things you listed, (selling out of a company that was found to be fraudulent, for example) would not be an irrational selling, so it would not be panic selling. For me, fast selling and panic selling are not synonymous. The differentiatior is whether or not there is a degree of rationality.  Selling out of ICOs (or IPOs, or any stock holding for that matter) because the price is dropping (and solely without consideration of anything else) would fit my definition of panic selling. But selling out of an ICO (or anything else) because the price is dropping and you have no expectation that the coin or company serves any market function and the economic prospects are therefore impaired, would not be, because it's based on a rational investment thesis

This seems to be a moot point

But my point is that you can't easily tell the first from the second, while trash stocks (as well as most ICOs, for that matter) generally have more irrationality in them. It is so simply because expecting higher returns for higher risks is not rational itself (unless you are an insider). It is more like gambling, though unlike the latter when you (start to) lose you have a chance of constraining your losses by quickly selling out failing stocks in your portfolio

Whether you can tell easily or not whether something is panic selling has no effect on whether it's actually panic selling.

Higher reward for higher risk is the cornerstone of capitalism. It's not only rational, it's beyond question. Why do risky borrowers have to pay higher interest rates? Because the higher risk demands a higher potential return on the investment by the lender. Expecting higher returns for higher risk is exactly why people invest in riskier assets. It's the epitome of rationalism. You can sell out of a risky investment to pare losses, and it can be either a panic sell or it could not be a panic sell. The determinant is whether you're doing so emotionally (irrationally) or with a clear head (rationally). Just because something is irrational doesn't make it ultimately wrong. You could save yourself money by acting irrationally and still have the action be irrational because of the motivation that drove it. I suppose that's how my definition of panic selling differs from yours. The sole qualifier is the motivation for the sell, not the degree or risk of the investment.

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February 10, 2017, 03:37:56 AM
 #727

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
They're not realizing of that's just the correct phase of the bitcoin price. too many those trader are dump his coin in the lower price and in this time the price of bitcoin is very stable $975 and I think it will increase again soon and just try to hodl.

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February 10, 2017, 03:45:06 AM
 #728

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
They're not realizing of that's just the correct phase of the bitcoin price. too many those trader are dump his coin in the lower price and in this time the price of bitcoin is very stable $975 and I think it will increase again soon and just try to hodl.
Thats right mate price is now moving up again and trying to be stable i guess panic selling is coming weak holders that been shake when a big whales start to move and control the price and then recover it and hold more its just needed for us to make good assessment before making a move either to buy or sell.
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February 10, 2017, 04:01:30 AM
 #729

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

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February 10, 2017, 04:29:39 AM
 #730

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
They're not realizing of that's just the correct phase of the bitcoin price. too many those trader are dump his coin in the lower price and in this time the price of bitcoin is very stable $975 and I think it will increase again soon and just try to hodl.
Thats right mate price is now moving up again and trying to be stable i guess panic selling is coming weak holders that been shake when a big whales start to move and control the price and then recover it and hold more its just needed for us to make good assessment before making a move either to buy or sell.
yes price is now becoming stable but i think the big whale now cannot move the market so much. they can only sell their bitcoin and can buy but cannot effect the market so much. it is just because of the immature traders panic selling. when the market take a little correction the in experienced trader consider it as panic selling and start selling their bitcoin even at low price and they produce commotion in the market.
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February 10, 2017, 08:43:47 AM
Last edit: February 10, 2017, 11:31:34 AM by deisik
 #731

And what does it change in practice?

Some folks may freak out even if the stock goes down just a few percentages (why they are buying stocks in the first place is another question, though). I guess the very fact of buying trash stocks has already plenty of irrationality in it built in. If you were rational, you would most likely stay away from such stocks altogether (unless you have insider information, of course). People are eager to hope for something out of nothing (just look at ICOs), and when the stocks they have bought in mostly futile hopes of future hefty profits invariably crash, they panic sell them

High risk stocks carry the opportunity for high reward. That's not irrational; it's a question of your appetite for risk. If you're looking to take on a lot of risk in hopes of high gains, that's rational. But I am saying that my definition of panic selling necessitates an element of irrationality of thought. The things you listed, (selling out of a company that was found to be fraudulent, for example) would not be an irrational selling, so it would not be panic selling. For me, fast selling and panic selling are not synonymous. The differentiatior is whether or not there is a degree of rationality.  Selling out of ICOs (or IPOs, or any stock holding for that matter) because the price is dropping (and solely without consideration of anything else) would fit my definition of panic selling. But selling out of an ICO (or anything else) because the price is dropping and you have no expectation that the coin or company serves any market function and the economic prospects are therefore impaired, would not be, because it's based on a rational investment thesis

This seems to be a moot point

But my point is that you can't easily tell the first from the second, while trash stocks (as well as most ICOs, for that matter) generally have more irrationality in them. It is so simply because expecting higher returns for higher risks is not rational itself (unless you are an insider). It is more like gambling, though unlike the latter when you (start to) lose you have a chance of constraining your losses by quickly selling out failing stocks in your portfolio

Whether you can tell easily or not whether something is panic selling has no effect on whether it's actually panic selling

Higher reward for higher risk is the cornerstone of capitalism. It's not only rational, it's beyond question. Why do risky borrowers have to pay higher interest rates? Because the higher risk demands a higher potential return on the investment by the lender. Expecting higher returns for higher risk is exactly why people invest in riskier assets. It's the epitome of rationalism. You can sell out of a risky investment to pare losses, and it can be either a panic sell or it could not be a panic sell. The determinant is whether you're doing so emotionally (irrationally) or with a clear head (rationally). Just because something is irrational doesn't make it ultimately wrong. You could save yourself money by acting irrationally and still have the action be irrational because of the motivation that drove it. I suppose that's how my definition of panic selling differs from yours. The sole qualifier is the motivation for the sell, not the degree or risk of the investment.

You are contradicting your own claims

At first, you say that it is entirely determined by your attitude in respect to how you are selling, i.e. whether you are selling in panic or not, and then you basically proceed to claim that this is irrelevant since this cannot be used as yardstick (or determinant, in your speak). But what can then be? Maybe, I'm missing something in your logic. Regarding higher rewards for higher risk being the cornerstone of capitalism, that has nothing to do with capitalism as such. If you are gambling and getting just that (i.e. higher rewards for higher risks) does it mean that it is capitalism too? Apart from that, irrational simply cannot be judged in terms of wrong and right. It is just irrational. In fact, I just say that higher rewards coupled with higher risk have more irrationality built in. I don't say that anyone can't actually get these rewards in the end

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February 10, 2017, 09:20:27 AM
 #732

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think people who do panic selling they are not yet sure against bitcoin, and they sell their bitcoin, before a higher price. or because they want to profit before the price drops. but if you want to wait and more patient you can get a bigger profit
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February 10, 2017, 10:16:51 AM
 #733

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Panic Selling is the biggest drawback regarding Bitcoin, maximum people whom I know dump their Bitcoin as the price goes down more as usual. They don't understand it results in more price drop. In market if value falls, it has to increase again if its popular. When People will understand, this panic might stop.
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February 10, 2017, 10:28:16 AM
 #734

People who panicked and sold today are dumb. That's all there is to say.
I understand selling to make a profit, or to protect yourself if you bought at high price, but selling just because you heard some rumors from China is as retarded as it can be.
I think this panic seling happens a few days you could see the  price dropped from $ 1,080 to $ 1,000. I hope that the user no longer panic so that the price could go back up. Keep patient. I'm sure the price will be higher than this
It is hard for people to keep saving their bitcoin even if they say they want to, because when the see the prices go down they get afraid not that the bitcoin is going to die or anything but they are afraid that they miss their chance to make profit, they don’t want to make the same mistakes like in the beginning of this year when the price dropped down so sudden more than 25%.
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February 10, 2017, 11:27:15 AM
 #735

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Panic Selling is the biggest drawback regarding Bitcoin, maximum people whom I know dump their Bitcoin as the price goes down more as usual. They don't understand it results in more price drop. In market if value falls, it has to increase again if its popular. When People will understand, this panic might stop.
Well it is really adding and contributing for the price drop but when that happens. It also makes those traders buys a lot of bitcoin and that makes the price to pump again. So when there are panic sellers, there are also panic buyers. And they are making the trades of bitcoin balance so we don't need to panic about it.

Exactly. There are so many bitcoin baggers out there waiting for this opportunity. There is no need to panic on selling bitcoin because at the end, the increase on its price is always happened. This is proven for over 5 years of investing in btc

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February 10, 2017, 11:32:16 AM
 #736

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Panic Selling is the biggest drawback regarding Bitcoin, maximum people whom I know dump their Bitcoin as the price goes down more as usual. They don't understand it results in more price drop. In market if value falls, it has to increase again if its popular. When People will understand, this panic might stop.
That is normal especially if you are just a newbie in trading, and we cannot blame them since they are just protecting their investments.
That is why it is highly recommended that if you are a beginner you must know how to take a risk, do lots of research and read successful traders strategy for them to motivate.
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February 10, 2017, 12:13:14 PM
 #737

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Panic selling just would never stop at any price of bitcoins. There are people who do not have a big heart and seeing a small burst of selling and dumping, they will sell their coins too thinking it will dump more. Panic selling is what actually the bitcoin manipulators take advantage of and they buy those panic selling coins cheaply and then again make the price rise.









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February 10, 2017, 12:38:36 PM
 #738

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Panic selling just would never stop at any price of bitcoins. There are people who do not have a big heart and seeing a small burst of selling and dumping, they will sell their coins too thinking it will dump more. Panic selling is what actually the bitcoin manipulators take advantage of and they buy those panic selling coins cheaply and then again make the price rise.

In my opinion, I don't agree that "manipulators take advantage of the panic selling" because the manipulators always do it first to create a false alarm to real investors so they can manipulate the market and get those dumps or sell offs by the real holders and that is how the manipulators generate profit. Manipulators are too smart and they play the market well enough to engage any kind of hype.
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February 10, 2017, 12:42:15 PM
 #739

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Its normal especially to newbies in bitcoin and trading to panic when the price is going down. They tend to do that because they lack experience and enough knowledge about the nature of bitcoins and trading. But the longer they are in the business and their experience becomes wider then they will no longer panic and just do proper trading leaving strong emotion aside that impedes their judgment.
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February 10, 2017, 01:03:46 PM
 #740

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Its normal especially to newbies in bitcoin and trading to panic when the price is going down. They tend to do that because they lack experience and enough knowledge about the nature of bitcoins and trading. But the longer they are in the business and their experience becomes wider then they will no longer panic and just do proper trading leaving strong emotion aside that impedes their judgment.
If you wanted to do trading attending seminar is a good one, so you'll know the risk you are entering as well as the right strategy.
It is normal at first to third trial as long as you can learned from it,but,  if you still do panic selling for the 5th time or more then it is advisable to consult with a friend or an expert or to stop trading .

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