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Question: Poll: At what price will you panic sell ?
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Author Topic: At what price will you panic sell [Poll]  (Read 3167 times)
deathcode
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March 21, 2013, 03:45:50 PM
 #21

I look at it in this way.... I invested an X amount of money that I knew I could affort to lose...
right now, I'm making close to 800% in my return... so EVEN if there's a huge PANIC sell, it'll take a HELL of a sell for me to actually lose money.
The way I think of it is. My gain is not realized until I trade back to fiat (USD) so to me, the BTC I have is equivalent to my initial investment until I decide to cash out.
If I cash out, I would make 800% of my initial investment, but why would I? I have nothing to lose anymore, and maybe A WHOLE lot to gain.
I'm sure many people are in my position due to the increase in price so, the question is, why would anyone panic sell when there's people desperate to buy?

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dancupid
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March 21, 2013, 03:56:49 PM
 #22

I first bought in at $14 dollars after the first high of $30+ . I panic sold at about $7.
There really is a point at which you cannot take it anymore.
The higher the price at which you buy into a rally (or a correction), the easier it is for panic to suddenly wake you up at 4 in the morning and make you behave in crazy ways.
Most of us bought in cheap, and we can relax for a while - but there will come a point when emotions take over and we wonder how we are going to feed our children tomorrow.
deathcode
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March 21, 2013, 04:00:21 PM
 #23

I first bought in at $14 dollars after the first high of $30+ . I panic sold at about $7.
There really is a point at which you cannot take it anymore.
The higher the price at which you buy into a rally (or a correction), the easier it is for panic to suddenly wake you up at 4 in the morning and make you behave in crazy ways.
Most of us bought in cheap, and we can relax for a while - but there will come a point when emotions take over and we wonder how we are going to feed our children tomorrow.

I can relax all the way to $20 and I will still be making 200%
Do yourself a favor, if you can't take the ups and downs, stop following bitcoin, come back in 1 or 2 years and take a look at the price again...

dancupid
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March 21, 2013, 04:05:59 PM
 #24

I first bought in at $14 dollars after the first high of $30+ . I panic sold at about $7.
There really is a point at which you cannot take it anymore.
The higher the price at which you buy into a rally (or a correction), the easier it is for panic to suddenly wake you up at 4 in the morning and make you behave in crazy ways.
Most of us bought in cheap, and we can relax for a while - but there will come a point when emotions take over and we wonder how we are going to feed our children tomorrow.

I can relax all the way to $20 and I will still be making 200%
Do yourself a favor, if you can't take the ups and downs, stop following bitcoin, come back in 1 or 2 years and take a look at the price again...

I bought back in at $3 more substantially and have already taken out my initial investment - so actually I'm with bitcoin for the long term now (I voted 0)
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March 21, 2013, 04:18:42 PM
 #25

Can someone make a poll for panic buys?

deathcode
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March 21, 2013, 04:35:41 PM
 #26

Can someone make a poll for panic buys?
do you get charged by the character typed that you can't do it yourself?

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March 21, 2013, 06:18:17 PM
 #27

At 10,000,000$ and then retire. Cheesy
I'm guessing you have 0.3 BTC in your account... Tongue

There are no accounts in btc world.

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Transisto
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March 21, 2013, 06:21:12 PM
 #28

I guess this pool question is based it's on the assumption that the price will tell us when something bad happened to bitcoin fundamentals.

Even a successful 51% attack won't make it drop to 20$
deathcode
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March 21, 2013, 08:38:37 PM
 #29

At 10,000,000$ and then retire. Cheesy
I'm guessing you have 0.3 BTC in your account... Tongue

There are no accounts in btc world.

So you say...

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March 21, 2013, 08:49:18 PM
 #30

LMAO, i will panic sell at 0!  Cheesy

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March 21, 2013, 08:51:01 PM
 #31

Never panic

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BIGMERVE
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March 21, 2013, 08:59:09 PM
 #32

You're going to have to pry these coins out of my cold dead hands before I sell.

DoomDumas
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March 22, 2013, 03:12:01 AM
 #33

Eh, I'll buy at each option on this poll  Smiley

Maybe panic sell arround 1000$, and not all those precious Wink

this is a very lengthy uptrend, so much so that many newcomers have only ever known the sunshine of the bull market, so when the real correction starts and the bear market is on us...

Serious correction ?  maybe from 300 to 100 !
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March 22, 2013, 03:51:08 AM
 #34

I will sell at 82. Why, I don't realy know, I like that number and the profit is high...
I hope that will be soon, tomorow maybe?  Grin
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March 22, 2013, 04:16:45 AM
 #35

I've got some 10 BTC waiting to sell at 100$ :p
thats about it... there rest i'm hanging on to unless i need to buy something.

ZOMG Moo!
Syke
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March 22, 2013, 04:28:25 AM
 #36

Every time it goes up another $10 I panic and sell about 1% of my holdings. It's been a very panicy month!

Buy & Hold
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March 23, 2013, 12:32:21 AM
 #37

Every time it goes up another $10 I panic and sell about 1% of my holdings. It's been a very panicy month!

LOL, that looks like Bear panic ( I'll add it's been a panicky year!)
The pole is aimed at the panic the short term Bulls are expected to feel.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
Ichthyo
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March 23, 2013, 02:50:15 AM
 #38

IMHO the interesting observation with this poll is that 10% of the voters will "panic sell" (allready) at 65

This shows quite some nervosity. A week ago 65 was rather in the sky, and now it should be a reason to sell??
Luno
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March 23, 2013, 03:02:28 AM
 #39

IMHO the interesting observation with this poll is that 10% of the voters will "panic sell" (allready) at 65

This shows quite some nervosity. A week ago 65 was rather in the sky, and now it should be a reason to sell??

I sense a degree of contradiction is this thread. If you know the price at which you gonna panic sell, it's not a panic sale but stop loss.

Along the same line, if you are contemplating on the price you are going to panic, you are panicking and about to sell now!

interesting read however.

                                                                               
                
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