CriptoSven
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May 28, 2017, 07:15:52 PM |
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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.
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Mr
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May 28, 2017, 07:21:56 PM |
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I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.
Not only bitcoin, other altcoins also faced with the same situation and the prices decreased significantly. The reason is mainly caused by panic sellers who can not hold their coin for a long period and rather to earn a small profit than a big profit
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BeGoods
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May 28, 2017, 09:03:40 PM |
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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. The current price is still possible to continue to rise, if the panic selling happens of course the price will soon go down. I expect many users to stay calm in order to avoid panic selling, so the price continues to rise: D
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SinLinJim
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May 28, 2017, 09:13:20 PM |
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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. The current price is still possible to continue to rise, if the panic selling happens of course the price will soon go down. I expect many users to stay calm in order to avoid panic selling, so the price continues to rise: D Judging because users themselves in some cases begin to develop a theme of collapse or other negative consequences for Bitcoin, I would not be surprised that in this way panic could be provoked. Although it seems to me that a strong surge in Bitcoin's sales in the market may be induced artificially in order for large whales to purchase crypto currency well.
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freedomgo
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May 28, 2017, 10:23:26 PM |
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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.
Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen.
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Teraboy
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May 28, 2017, 10:41:53 PM |
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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.
Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen. That's right, most of them are new in the crypto. I may think if they are never faced the panic sell before. Too many the whales just try to grab more money. The newbies must learn a lot from this case.
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Sled
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May 28, 2017, 11:15:39 PM |
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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.
Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen. That's right, most of them are new in the crypto. I may think if they are never faced the panic sell before. Too many the whales just try to grab more money. The newbies must learn a lot from this case. The panic selling or any kind of disaster moment is just created by the whales and they do it because they want to shake the hands of the weaklings so they will sell and the whales will take advantage of that and they will grab those cheap dumps from the weak hands and yes most of them are just newbies and they are just victim of manipulation but i think if they will really observing the market then they will actually realized or noticed it.
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jossiel
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May 28, 2017, 11:24:26 PM |
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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.
Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen. It's the reason why there are a big impact to the price of bitcoin. Once the whales started to take their profit with the current bitcoin's price. Newbies are trying to do something so that they won't get some bigger profit. And I did it before when I was newbie before. And when I saw the price moved lower, I was scared of it will not increase again so I'm starting to sell.
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STT
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May 28, 2017, 11:47:28 PM |
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The main reason for Panic is a lack of actual usage of Bitcoin. That is the real problem, I'd panic if I'm holding something I never wanted and cant put towards anything. If this is correct, we should be seeing reduced levels of panic as bitcoin progresses in any genuine way. So I'd be looking for a VIX like chart which is like volatility of an index placed in its own instrument. I think I've see it done somewhere, I'll look and edit/update perhaps but theres some smart Indicator that'll show price swings. I forget which one :/
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Bedebah
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May 29, 2017, 04:18:57 AM |
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When prices soared then we would look to sell in a panic, this happened a year ago, I sell 5 btc while the price of $650 ($ 300 profit/btc), if I want to be patient and I get more profits.
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Ken1022
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May 29, 2017, 04:26:26 AM |
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The main reason for Panic is a lack of actual usage of Bitcoin. That is the real problem, I'd panic if I'm holding something I never wanted and cant put towards anything. If this is correct, we should be seeing reduced levels of panic as bitcoin progresses in any genuine way. So I'd be looking for a VIX like chart which is like volatility of an index placed in its own instrument. I think I've see it done somewhere, I'll look and edit/update perhaps but theres some smart Indicator that'll show price swings. I forget which one :/
From a newbie's.... and a panicker's point of view, I can vouch for this. It's the lack of usage and experience thereof. Oh well, we all learn one way or another at some point.
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deisik
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May 29, 2017, 05:16:13 AM Last edit: May 29, 2017, 04:23:07 PM by deisik |
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I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.
Not only bitcoin, other altcoins also faced with the same situation and the prices decreased significantly. The reason is mainly caused by panic sellers who can not hold their coin for a long period and rather to earn a small profit than a big profit Which pretty much proves that people who have been pouring their cash into altcoins recently are mostly the same people that were heavily investing in Bitcoin previously. If these were two different and independent of each other groups of people, we wouldn't see the correlation between altcoins on the one side and Bitcoin on the other being close to 1. This is contrary to what many folks here have been claiming I've been closely watching Bitcoin and Litecoin last days, and Litecoin price moves follow Bitcoin's with perfect precision
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klf
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May 29, 2017, 05:23:19 AM |
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When prices soared then we would look to sell in a panic, this happened a year ago, I sell 5 btc while the price of $650 ($ 300 profit/btc), if I want to be patient and I get more profits.
It is not only but common mistake done by every normal investor. Because most of us think if prices go down more then we may miss the opportunity make a profit. But I was you then I would have sold only 2.5 BTC and keep rest of the bitcoins with me because with 2.5BTC you would have taken out your investment and rest is a profit so can take more risks to gain more profits. So that's why we should only book partial profits if your investments are meant for a longer term.
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EdenHazard
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May 29, 2017, 07:10:37 AM |
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The main thing is that today's situation on the stock exchange with respect to Bitcoin prices is not set as an example of what Bitcoin is. A reduction in the price of Bitcoin, this is by no means a panic, A pattern when people sell Bitcoin in order for them to need Fiat.
Newbies who are aggressive with investing in bitcoin usually panic because the dump and pump is new to them and they are not matured enough to make a decision, crypto trading is fairly different from a traditional trading since the market is volatile and it is already expected big price swings will happen. That's right, most of them are new in the crypto. I may think if they are never faced the panic sell before. Too many the whales just try to grab more money. The newbies must learn a lot from this case. you need to consider panic selling as part of cut loss strategy sometimes , depends on the situation , if you have predicted that there will be a big crash and big correction happened soon , better you to join the panic selling rather than have to take a risk keep holding. but when you sure the market will bounce back soon , then just keep it and ignore the panic selling trends.
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Theb
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May 29, 2017, 07:40:45 AM |
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When prices soared then we would look to sell in a panic, this happened a year ago, I sell 5 btc while the price of $650 ($ 300 profit/btc), if I want to be patient and I get more profits.
It is not only but common mistake done by every normal investor. Because most of us think if prices go down more then we may miss the opportunity make a profit. But I was you then I would have sold only 2.5 BTC and keep rest of the bitcoins with me because with 2.5BTC you would have taken out your investment and rest is a profit so can take more risks to gain more profits. So that's why we should only book partial profits if your investments are meant for a longer term. A 300$ profit is not bad during that time as it really had hit deep last year in which I remember was around 500$ which is a big correction. Normally panic selling happens when small players follow the lead of Big Players because they are ramming down the price to a certain extent that they don't have any control anymore, and this is where the big players re-enter the trading and Buy Bitcoin more and more, the cycle repeats and repeats but if even the small investor refuses to sell Bitcoin at a higher level then it will still continue to grow like what is happening right now to its price.
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just_Alice
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May 29, 2017, 08:02:49 AM |
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I feel that this is two days ago where bitcoin had an unreasonable increase and then experienced a very sharp decline. I was panicked because I bought at a high price, but bitcoin instead ran in the opposite direction. But I do not sell everything, mostly I still hope bitcoin will rise again.
Not only bitcoin, other altcoins also faced with the same situation and the prices decreased significantly. The reason is mainly caused by panic sellers who can not hold their coin for a long period and rather to earn a small profit than a big profit Which pretty much proves that people who have been pouring their cash into altcoins recently are mostly the same people that were heavily investing in Bitcoin previously. If these were two different and independent of each other groups of people, we wouldn't see the correlation between altcoins on the one side and Bitcoin on the other being close to 1. This is contrary to what many folks here have been claiming I've been closely watching Bitcoin and Litecoin last days, and Litecoin price moves follow Bitcoin's with perfect precisionI think it should be like that if the price of Litecoin, or any other altcoin, is not changing in relation to BTC. In that case when bitcoin price moves in either direction the price of an altcoin moves the same. IMO we would see this correlation even if there were no trading with altcoins at all.
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ivanpoldark
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May 29, 2017, 10:53:16 AM |
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If you believe in your investment, just hold your asset to moment when you can gain expected profit. I have no huge experience in trading, but the feature of waiting a month, year, or more, without selling at cheap price is very significant in this business.
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peter0425
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May 29, 2017, 11:00:59 AM |
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If you believe in your investment, just hold your asset to moment when you can gain expected profit. I have no huge experience in trading, but the feature of waiting a month, year, or more, without selling at cheap price is very significant in this business.
Yes. If you have full trust on your investment like bitcoin, then it much better to hold it eventhough all around you is panic selling. And other reason is that their is suggestion that bitcoin is truly for long term. So holding on it will eventually give you a huge profit you wouldn't expect. So just HODL.
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bncbnc
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May 29, 2017, 12:00:38 PM |
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The main reason for Panic is a lack of actual usage of Bitcoin. That is the real problem, I'd panic if I'm holding something I never wanted and cant put towards anything. If this is correct, we should be seeing reduced levels of panic as bitcoin progresses in any genuine way. So I'd be looking for a VIX like chart which is like volatility of an index placed in its own instrument. I think I've see it done somewhere, I'll look and edit/update perhaps but theres some smart Indicator that'll show price swings. I forget which one :/
but me i think the main reason for panic selling is that most of the people do not have good experience in trading. most of the bitcoin holder are inexperienced and not skillful. when the price stat taking correction, they cannot bare hold their bitcoin and they consider it as panic selling and try to get red from the bitcoins they are holding even on lost, which create panic in the market.
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ocid
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May 29, 2017, 12:46:40 PM |
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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,?
Of course this is very influential on the price of the market so that the value of bitcoin can decrease in price when people wait for the price increase they want to exchange bitcoin into the currency that he uses it will take a long time so it must wait for the rise of bitcoin prices. The difference is that those who trade they wait for it with the drop in bitcoin prices is their chance to buy bitcoins at a low price, This is due to the many people who panic then sell it just like that affect the market price.
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