Panic sellers got flushed fast

[harizen]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

[Pattberry]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.
Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

This is not about being a noob ,i am sure nobody understands exactly why the price of bitcoin is moving ,only thing we know is after price increases we would see a article that he price increased because of so and so and that is the case of price depreciation ,unless and until there is a major hack,these price fluctuation is because of active traders trying to book their profits and then re entering at a suitable price.

[chaser15]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

[Zadicar]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

They would normally  sell off their coins to secure  profits and  thats the way  of  short  trading and doesnt mean that  they are  newbie  or  what. Securing profits   is  jsut normal and bitcoin traders  will do these  and also as we all know  the price  will possibly  move  in  any directions thats  why  we should expect these  kind of things.

[senyorito123]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Really a noobs and idiots? Are you expert? What if they just take care of the profits than to minimize the possible earnings? Greed is not always good mate. Trading are not meant for hodl too much. Everybody has target. Whatever you want to do for the sake of the market will become useless since there are big hoarders around that can shake up the market.

Please remember that bitcoin price will never experience a one time big time price increase. Learn to deal with it instead since bitcoin price is really like that since it's inception.

They would normally  sell off their coins to secure  profits and  thats the way  of  short  trading and doesnt mean that  they are  newbie  or  what. Securing profits   is  jsut normal and bitcoin traders  will do these  and also as we all know  the price  will possibly  move  in  any directions thats  why  we should expect these  kind of things.

Actually i can say that i am little same among those seller, since i doesnt hold btc for long stake, this thrend for me is just good since the profit i can get will be big and at the end of the day i choosely convert it to real cash to use,

But normally my cashout routine is weekly basis, and maybe i will hold for this moment and let my bitcoins multiply for little more,

[uki]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

It is and always have been part of the game. People with little patience go down the drain and pay all the bills in the end. Nothing bad about it. They have to learn the lesson to avoid the same mistake next time. Education always costs.

[amacar2]

Quite true that weak hands always loss being panic, actually it was the good dip to buy cheap coins when FUD was around about chinese banning bitcoin. Created by whales just to shake few small hearted traders to grab all their bitcoin holdings.

I had bought few on that panic dump below $700. 

[BTCLovingDude]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

you would be a fool to think whales are not dumping to decrease the price but also there is much more noobs (better term is weak hands) in bitcoin which total to a lot bigger number than 10BTC and they don't initiate it.

there are stages when the whales couple spreading FUD with dumping at the same time to create the panic for idiots then go on exchanges and sell and immediately open a buy order lower to buy from those idiots then the game begins where they dump and buy until it is at a bottom and then start only buying. you can see this on a chart when there is a big jump back up again.

[n0ne]

Quite true that weak hands always loss being panic, actually it was the good dip to buy cheap coins when FUD was around about chinese banning bitcoin. Created by whales just to shake few small hearted traders to grab all their bitcoin holdings.

I had bought few on that panic dump below $700. 

That's the best way of making profit. During the price increase and decrease people often get panic with the price movement. One who gets good learning about bitcoin with its true potential won't panic even if steep decrease happens after price fluctuations.

[lionheart78]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

Or maybe not, more probably those who are selling have their profit.  Remember bitcoin stays for around $620 - $650 for several weeks, so more probably the dump is for reaping the profit when price hits 700+.  $50-$100 profit for a single bitcoin isn't bad.  And then they will buy back at the bottom which in return can gain them another profit because Bitcoin is holding strong at $700+ now

[chaser15]

I feel bad for all the noobs that panic selled at the controlled dump of the other day with the china ban news. Its obvious whales wanted to get more cheap btc and shaked all the idiots out with panic, now we are back to 700+ and looking strong. Hold.

You think those BTC1 or BTC2 dumped by the noobs will ever create panic or let's say BTC10 overall has been sold by those noobs? You think you will just watched the price decrease and not to secure profits? What if they able to buy at $600 and seeing the price gradually decrease when it reached around $750, they will do nothing and just allow it?

Look at the price range right now we are playing. It's established a good support at $700 which is a good news to consider since we can treat this range as low in the future. Patience and relax, we will set to the moon soon.

you would be a fool to think whales are not dumping to decrease the price but also there is much more noobs (better term is weak hands) in bitcoin which total to a lot bigger number than 10BTC and they don't initiate it.

there are stages when the whales couple spreading FUD with dumping at the same time to create the panic for idiots then go on exchanges and sell and immediately open a buy order lower to buy from those idiots then the game begins where they dump and buy until it is at a bottom and then start only buying. you can see this on a chart when there is a big jump back up again.

You are not getting the whole point I guess. You guys are blaming with the weak hands that's why they follow the dumping scenarios of those big whales.

What you must point is not the weak hands itself but the source of it. What if those noobs are taking profit? They will just watch how the price decrease without doing nothing? Those trends that whales are starting are part of the price fluctuations in bitcoin so better ride with it rather than take that as a problem. They can still repeat the process of buying after reaching the dipping point which if we will carry the situation in the recent price decrease, the dipping point is around and close to $700.

[Carlsen]

I don't think that the recent drop was too harmful for any noob.
A noob might not check the price every day, so there are high chances that a lot of them did not even notice the drop.
And if they did sell, I don't know anybody who starts with bitcoin and puts much money in it.

[Bitcoinsummoner]

I don't think that the recent drop was too harmful for any noob.
A noob might not check the price every day, so there are high chances that a lot of them did not even notice the drop.
And if they did sell, I don't know anybody who starts with bitcoin and puts much money in it.

To me i always watch the price of bitcoin. checking the price on preev dont need much time . the drop few days ago is just whales attack and i think we don't need to worry because there is still possibility that we can still experience to reach 800 value soon because of price increase back again..

[DimensionZ]

Or maybe panic buyers are keeping the market afloat until Black Friday 

And then everyone will rush to exchange their Bitcoins for cash so that they could buy cheap stuff on Black Friday and crash the price of Bitcoin? I guess not. Long-term holders won't sell their stash just because there are some deals when they could use cash. Alt coin miners on the other hand will most probably start selling some coins to buy early Xmas presents.

[Kprawn]

This is causing a lot of doubt with investors, if a commodity can be manipulated so much in such a short period. Yes, we have seen some volatility

in the past... so this is nothing new, but for new investors this might be too much, and they might just abandon Bitcoin because of this. We should

reconsider our options, when a commodity can be manipulated by whales and rumours like this.  Learn to ignore anonymous reporting from

journalists on crack. 

[outatime1]

Big changes in price are going to happen and we just need to be prepared for them. When we see a big drop in price, we should look at it as a time to buy bitcoin rather than sell it.

[ClaraLuV]

Most of the people who invested in bitcoin are not early miners who had the chance to get the coins easily ,so if the stock they invested get depreciated you would panic for sure since there are no regulations and monitoring authority to check fake pumps and dumps ,it is really hard to trust these investments as we have already seen price dropping down to $220 from a all time high of $1200

[bitbunnny]

Panic reaction in any way, buying or selling, is never good. Yor can profit from Bitcoin only if you exclude your emotions as much as you can and keep your head cool. It's not easy sometimes but you learn with time. And jumping on every pump or dump could cost you a lot.
Price is looking good now, let's see what future brings to us.

[senyorito123]

Panic reaction in any way, buying or selling, is never good. Yor can profit from Bitcoin only if you exclude your emotions as much as you can and keep your head cool. It's not easy sometimes but you learn with time. And jumping on every pump or dump could cost you a lot.
Price is looking good now, let's see what future brings to us.

Yeap every single wrong action of selling can attract nor make people fear to lose money and surely it can start out some flames to start a massive dump, and best trolls can actually do that, and there are others who is oppurtunist who's intend to look up for a dump and buy for cheaper price to gain more proifts in this kind of dumping and pumping scenario, and same as you i really hope to see good straight path to up so our profits will not subside and steadily upwards.

[Goms]

You can't totally blame panic sellers, you can't always predict the market direction and nobody wants to lose out.