panic selling

[EdenHazard]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

but nobody know the price will recovered and bounce back even skyrocketed in the future right? it could be drop after drop and even disappeared worthless , to prevent that happened there's an action called cut loss to minimize the loss .

of course it is based on tough and long time analysis , and still prediction will never be 100% accurate.

[dmamigo]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Actually selling always doesn't affects the price/value of BTC, there are many other factors responsible as well.
And, Basically new users haven't fully understood the potential of Bitcoins, which makes them fall in fear which results in selling of their Bitcoins.

[DZU1410]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Actually selling always doesn't affects the price/value of BTC, there are many other factors responsible as well.
And, Basically new users haven't fully understood the potential of Bitcoins, which makes them fall in fear which results in selling of their Bitcoins.

I also think that the most panicky people are new people. They still do not understand what bitcoin is and they do not have confidence. And they often listened to the skeptics that bitcoin is a bubble.

[(o)(o)ilikeboobs(o)(o)]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Actually selling always doesn't affects the price/value of BTC, there are many other factors responsible as well.
And, Basically new users haven't fully understood the potential of Bitcoins, which makes them fall in fear which results in selling of their Bitcoins.

I also think that the most panicky people are new people. They still do not understand what bitcoin is and they do not have confidence. And they often listened to the skeptics that bitcoin is a bubble.

I dont think that only new people are the most panic sellers , their are also some big traders who also do profit booking and start to sell and even go for short position so that market reacts and go down more and then so they can buy back their sold bitcoins and take another long position

[jaysabi]

I wouldn't suggest anyone to sell any Bitcoins right now since the price of Bitcoin is going up. Since I like to watch the Altcoins go up in value when the price of Bitcoin goes up, there is a large chance that people could make more Bitcoins from participating in the price uptrend.

The only thing that I don't like about people panic selling is that they usually complain when the price of Bitcoin gets really expensive and they can't purchase Bitcoin cheaply.

It's fine if they are going to sell only if they really need some extra cash for their own purpose but don't ever try to sell all the bitcoin that you had. I really hate panic selling, there's no unity between the users and traders, when this panic selling will be stopped for sure we are going to see the price to fly up to the moon.

We doesn't seems need to panic selling why? Because why would you sell it if you will lose? Then HODL for it and be patience you will see it if you panic sell and the alts that panic sell is pump much more high. Then you should think of it why i sell it? I just want to say AIM FOR THE HIGH

it is the nature of the bitcoin that when its price start decreasing then it can dump more that 100 points in few minutes although it can also recover its position very fast than its decreasing, but still people think that it is better to book a little lost instead of losing everything, they forget the recovery of the price of bitcoin again. i think they should try to hold their bitcoin specially in panic like situation. 

100 points or 100 percent? Please make some clarify of your statement, I know bitcoin could dump but I'm
not seeing it to dump at that level, that is pretty much alarming and will probably cause panic.

A drop of 100% would be Bitcoin going to zero, so it's not that. And 100 dollar drops happen quite frequently in short periods of time. Bitcoin is very volatile and drops $100 sometimes in a matter of hours. We've had several such drops in this first half of 2017 alone.

That is frequently happening to bitcoin and that is very normal to bitcoin. Even if bitcoins value drops by 200$ it will still go back to the current value and will tend to go back up. The dumpers that threaten bitcoin and telling people that bitcoin will melt since they will dump large of bitcoin. But those threats are no longer a threat but it becomes a motivation for some people to save money and prepare to buy more bitcoins since a dump will occur. Today nobody is dumping bitcoins except if necessary.

There's never a guarantee that a drop in any asset price will recover. Thinking so is a fatally flawed way to approach any investment. Bitcoin is not a special exception to the laws of economics. Also, it's been a wild ride the past few days. Bitcoin has dropped about $700 in a 24 hour period now, which is now the largest dollar drop, but at the time represented a 25% decline. That's a crushing drop, but I'm not sure it's the largest. That's how volatile bitcoin has been over the years.

[jaysabi]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever.

[deisik]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever

That's why trading purely financial assets is a sort of gambling

I have explained it many times, namely, that whatever strategy you may follow, you are set to lose in the long run unless you can milk the market somehow (i.e. you are an insider, arbitrageur or exchange itself). Moreover, I also often repeat that Bitcoin as such is poor investment for long term (though it is still a nice vehicle for short term speculations) since it is too risky on a long enough timeframe

[STT]

Bitcoin is a commodity at best, theres a limited amount and you can hold some but its not an actual investment giving a return on revenue.   Its speculative to hold any currency or commodity without any use.   If you buy dollars before you go disney land great, you know it'll be used.  If you buy dollars with no intention to ever use or exchange it for goods then it becomes far more risky I think.   Thats not the fault of bitcoin exactly, I mean they should open up trade more but its on the traders how they deal with their assets,  
My own national currency is weak, I see Bitcoin as some way to connect with Dollar strength which is linked to many of my costs.  I can justify holding it that way but its still cash like not something productive by itself

If people panic on that basis its their own fault, you own something you didnt want to use.   Same thing would apply to gold, to a field of wheat, anything useful or not doesnt mean the product is wrong

[just_Alice]

^ Most idiotic comment ever

Why would anyone hold stuff which will fall??

I diasagree. He means the falling is a temporary thing, so why to sell at low price and thus making it to drop even more? Remember 2014 when people who bought at $1,200 were panic selling at $800. They should have hold their coins and now they would be in profit.

Or they could have sold them at $800 and bought back in at $200, which is what bitcoin ended up dropping to. People who were selling at $800 in 2014 were ultimately right for a long time, and had plenty of time to buy in at far lower prices. The point is nobody knows the falling price is a temporary thing. Bitcoin is not guaranteed to go back up, not now and not ever.

You'd be right if they really bought at the lower prices, but I doubt that. Having burned their fingers once with bitcoin they would hardly buy it again even at $200. That's why I'm saying they'd better hold it until now.

Btw today we are experiencing another big panic selling and it's a pity that many people will lose their money if they bought at $2,800+ and are selling now. If they will buy at lower price back that's okay, but most likely those for whom it was their first experience with bitcoin, will never buy it again and will be always thinking of BTC as of a thing with which they lost their money.

[grermezter]

There was is a thread where someone is saying that these is a big crash coming very soon to bitcoins, this speculation is sure to cause panic and make lots of people sell even though the person had no proof low lp to back up his claims questions

[Kemarit]

There was is a thread where someone is saying that these is a big crash coming very soon to bitcoins, this speculation is sure to cause panic and make lots of people sell even though the person had no proof low lp to back up his claims questions

The crashed had come, there were always thread like that here in our community. He may speculate or has the technical analysis to do, but we know how the price of bitcoin is unstable and we will experienced some crashing along the way. I think it is holding and not dipping as the past 2 days. His speculation may have cause panic to some, but what I have said before, we are all matured enough and used our better judgement to sell or hold and not let a FUD carried you in your decision.

[RickJamesBTC]

Don't be ridiculous. Nobody cares what a few people who hold less than five bitcoin say about upcoming market moves. It was CLEAR AS DAY that this price wouldn't last. $2000 was absurd, and will be wiped out. $2700 was a joke, and anyone who didn't clear out their holdings at the top there missed a once in a lifetime chance with this bitcoin thing. There is nothing of value to keep bitcoin high. If something is coming along to replace fiat currency, or be the backbone of an international payment system, it won't be run by hobbyists and gamblers.

[lemipawa]

There was is a thread where someone is saying that these is a big crash coming very soon to bitcoins, this speculation is sure to cause panic and make lots of people sell even though the person had no proof low lp to back up his claims questions

That speculation is just a speculation if ever for some reason his prediction was somewhat correct, its just a coinsidence. Nobody can exactly predict the movement of Bitcoin, but one thing is certain, anything that goes up, can go down, price is not always upward and we should get used to it.

[aesma]

I was barbecuing with family Wednesday and was excited with the crazy upswing of BTC. 2 of my cousins started talking about buying some, I said that the price was insane and volatility bonkers, I hope I convinced them !

[ethereumhunter]

i see on the market not take too long to make traders panic selling and i think its only take less than 6 hours the bitcoin price is going down until now. the price is moving so fast from $25xx and its going into $22xx so fast and finally reach $20xx and after that the price is moving into deep until reach $19xx. the panic selling is happen in every market and affect with bitcoin price that suddenly flying down.

[deisik]

Don't be ridiculous. Nobody cares what a few people who hold less than five bitcoin say about upcoming market moves. It was CLEAR AS DAY that this price wouldn't last. $2000 was absurd, and will be wiped out. $2700 was a joke, and anyone who didn't clear out their holdings at the top there missed a once in a lifetime chance with this bitcoin thing. There is nothing of value to keep bitcoin high. If something is coming along to replace fiat currency, or be the backbone of an international payment system, it won't be run by hobbyists and gamblers

Yeah, we all know that

That the Ark was built (and run) by a hobbyist while Titanic was built by professionals, though some say that she was just unlucky with the officer on watch (anyway, he should have been a professional sailor, so she was still run by professionals). A student created Linux while Microsoft^® created Windows™ (I hope we are all familiar what's come out of that). I don't know about gamblers, but you may certainly want to rethink your attitude toward hobbyists

[bitbunnny]

I saw some panic selling with this recent correction. Like every time in similar situations like thi some Bitcoin users realy start to panic and think they will lose their all their funds if they don't sell. I hardly convinced some of them not to do something they could regrett very soon and that they have to wait for a while for price to get on the way up again.

[RENATA612]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

Do not ever feel panic in the trade because it will be fatal consequence will be a loss for you, it's just a matter of time there are times when there is also a price rise going down all depends on market demand

[lisa255]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

Do not ever feel panic in the trade because it will be fatal consequence will be a loss for you, it's just a matter of time there are times when there is also a price rise going down all depends on market demand

Many panic because they consider bitcoin a bubble. Therefore, every fall in price they take as if it were the death of bitcoin. This is often done by inexperienced people who recently in the bitcoin community

[ipungadhi]

Selling will be now not the best thing that you can do and that is because the value is not even that high now and that have to change because the value of Bitcoin is now rising slowly.
And many people are now holding it for a long time because they see that the value of the Bitcoin is rising slowly and that the halving is also coming.

Exactly, its better to hold your bitcoin right now than to sell it. The fact that bitcoin price is continuously increasing, you can get some profit when you hold it. Panic selling is not a good idea because if the price of bitcoin fall instead of getting a profit you'll lose some of it.

I was very surprised to see the price of bitcoin rising very high. Reached $ 2500 more. I'm confused to sell or hold it. Is this really confusing me?