Panic sellers got flushed fast

[Natsuu]

yesterday this happened one more time. a small price manipulation that lead to price drop and panic sellers unloading their bitcoins on exchanges.

i still can't find anything that i can associate with that drop apart from pure manipulation but as we can see now, price is back above $700

Sure thing that the big whales are playing and wants to take profit ans weak hands got easily swayed.
However, we can't blame them for selling and we didn't know what's really is going on. We're just like small fishes and the big whales are the one's who's responsible.

[1714759089]

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[1714759089]

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[maydna]

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.

i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again.

[Rajamuda]

It's true, some people who have said a few days ago that bitcoin will go down more because of the some news in China was panic to decide sell it will be very sorry with this reality, bitcoin price movement just the opposite and continue lead to the heights on its price. From that, it's good that we really do instill a sense of optimism and aren't so affected by some things / news that tries to shake our beliefs, that's better than till being easily influenced and in a hurrying to decide something, already proven clearly the holders is the winner.

[ivrynx]

i think the reason behind this is that, a lot of the who sold their bitcoins are new to investing, it seems that they do not know what to do in times we there are bad news going around, and i believe they also lack trust on bitcoins, since just a word from jpmorgan's jamie dimon, a lot already sold their bitcoins and instead of holding them and looking at the gains that they could possibly have by now, i think they might be regretting that decision they had made, but all is for the better, i hope they already learned their lessons and if they want to invest in bitcoin they may do so, but they should really come up with a plan, not just selling their bitcoins. it is also a good thing, since now we know, what percentage of bitcoin users are actually knowledgeable in what they are doing and not jut going with the flow or following the trend since bitcoin's value is going up.

[Siren]

i think the reason behind this is that, a lot of the who sold their bitcoins are new to investing, it seems that they do not know what to do in times we there are bad news going around, and i believe they also lack trust on bitcoins, since just a word from jpmorgan's jamie dimon, a lot already sold their bitcoins and instead of holding them and looking at the gains that they could possibly have by now, i think they might be regretting that decision they had made, but all is for the better, i hope they already learned their lessons and if they want to invest in bitcoin they may do so, but they should really come up with a plan, not just selling their bitcoins. it is also a good thing, since now we know, what percentage of bitcoin users are actually knowledgeable in what they are doing and not jut going with the flow or following the trend since bitcoin's value is going up.

That is what you called weak hands. There are countless advises here in the forum telling newbies not to sell because it won't covered their losses. But still they immediately panic reading a lot of FUD here. And it will hurt them. Hard lessons to swallow. All you have to do is just be patience and stay calm and don't be nervous or disappointed when you see that the price is plummeting. I hope they already learn this painful lesson not to panic otherwise they will just lose their hard earn investments.

[otundebis]

It's quite uneasy when you have half of your fortune in this wonderful bitcoin.

[cramcram21]

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.

Well that's what happen when the weak hands heard some rumors ,
They couldn't really control their emotion and let's it drive them down.

[YuginKadoya]

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.

Well that's what happen when the weak hands heard some rumors ,
They couldn't really control their emotion and let's it drive them down.

This is not really new, there would always be something like a panic seller or like what have you said weak hands, and anytime in the forum there would be newbies that would be interested with bitcoin technology and how to earn with bitcoin, and I really think people that are panic selling with bitcoin would surely change their prospective over bitcoin after they have read and learn here in the forum so always teach our newbies.

[wareen]

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.

Well that's what happen when the weak hands heard some rumors ,
They couldn't really control their emotion and let's it drive them down.

But I like them, if the market has not some noob traders or traders can not keep calm as them, I will have many troubles to make money from trade cryptocurrency. Of course, they will be loser and their money will trasnfer to others.

[sapnu]

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.

They were just afraid that it will be coninuous without knowing that Bitcoin still, has a large community that will make the market demand of Bitcoin that positively affects its value. Its market demand remained high after what happened that make Bitcoin to recover from the backdrop that you've mentioned. Those who sold lose the profit and those who held and are still holding will earn huge profit in the future as its value continue rising.

[teilwalL05]

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.

They were just afraid that it will be coninuous without knowing that Bitcoin still, has a large community that will make the market demand of Bitcoin that positively affects its value. Its market demand remained high after what happened that make Bitcoin to recover from the backdrop that you've mentioned. Those who sold lose the profit and those who held and are still holding will earn huge profit in the future as its value continue rising.

There is no need to be afraid if the price goes down because the value would still rise significantly in the future, all you need to do is buy bitcoin hold into it and just wait for about a year or two I think you can have a great investment by doing this, particularly there is no need to panic after all, but I think you will need a private key if you are holding for a very long time do not let your bitcoin stay in a web wallet.

[tenakha]

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.

They were just afraid that it will be coninuous without knowing that Bitcoin still, has a large community that will make the market demand of Bitcoin that positively affects its value. Its market demand remained high after what happened that make Bitcoin to recover from the backdrop that you've mentioned. Those who sold lose the profit and those who held and are still holding will earn huge profit in the future as its value continue rising.

There is no need to be afraid if the price goes down because the value would still rise significantly in the future, all you need to do is buy bitcoin hold into it and just wait for about a year or two I think you can have a great investment by doing this, particularly there is no need to panic after all, but I think you will need a private key if you are holding for a very long time do not let your bitcoin stay in a web wallet.

Best way to keep safe bitcoins is hardware wallets like Trezor.The security level is highest compared to other web based wallets.IMO current uptrend will continue and hit 6000$ till next month.But for long term investing better to buy deep levels and hold.

[pitham1]

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.

Well that's what happen when the weak hands heard some rumors ,
They couldn't really control their emotion and let's it drive them down.

But I like them, if the market has not some noob traders or traders can not keep calm as them, I will have many troubles to make money from trade cryptocurrency. Of course, they will be loser and their money will trasnfer to others.

As the saying goes, a fool and his money are soon parted. Somebody who doesn't have the stomach to hold Bitcoin through the ups and downs will sell it and make losses. The others who are true believers will see their portfolio appreciate.

[bncbnc]

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.

Well that's what happen when the weak hands heard some rumors ,
They couldn't really control their emotion and let's it drive them down.

But I like them, if the market has not some noob traders or traders can not keep calm as them, I will have many troubles to make money from trade cryptocurrency. Of course, they will be loser and their money will trasnfer to others.

As the saying goes, a fool and his money are soon parted. Somebody who doesn't have the stomach to hold Bitcoin through the ups and downs will sell it and make losses. The others who are true believers will see their portfolio appreciate.

But i think that people are now too much mature and that is the reason that they are not going to sell their bitcoin, In past we experienced a lot of panic selling when there were some bad news in bitcoin, but this time people were too much mature and they were not ready to come in panic selling and therefore they were holding bitcoin and were not selling in panic like situation, so they give a farm support to bitcoin.

[pugman]

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.

Situations like this is gonna occur Every now and then and you are somehow going to see some random idiots panic selling their crypto currencies. They sell and the price goes down and then the whales, the investors, the brokers and all those who don't panic sell their crypto will reinvest. There are also people who sell their cryptos first and then buy again at a cheaper price to get good profits which increases the units of the coins they hold.

[vickycoin05]

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.

i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again.

We can't blame those who quit immediately as they see the dump price hard because in business we talks about money and all people basically needs it though so sad to see those weak hand directly give up easily. But then let's just understand that not all situations are the same since we don't know exactly why this people quit right away.

[hurain]

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.

i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again.

We can't blame those who quit immediately as they see the dump price hard because in business we talks about money and all people basically needs it though so sad to see those weak hand directly give up easily. But then let's just understand that not all situations are the same since we don't know exactly why this people quit right away.

Some time people do not study about the market and without any solid reason they start selling, which create panic in the market, but this decrease is usually for a little time and after recovering the market, when they see the price rising again, they then lament on their decision, therefore i will like to say that first we need to study and get the opinion of the experts and then take a decision.

[haroldtee]

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.

i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again.

We can't blame those who quit immediately as they see the dump price hard because in business we talks about money and all people basically needs it though so sad to see those weak hand directly give up easily. But then let's just understand that not all situations are the same since we don't know exactly why this people quit right away.

And that is why it is not good for anyone to just make decisions blindly. People are eagerly rushing into bitcoin today because they feel it is an avenue for them to make quick bux without even researching what bitcoin is all about, studying what they are investing into, checking out what the market trend has been like from the onset and how to avert from the mistakes people must have made. That is how a real investor should think and not doing this is the main reason that when a slight FUD happens in the market, the weak hands like the OP calls them are just ready to drop fast while some of them are even at loss only to come back to this forum to say bitcoin makes them tired.

[fanbeila]

Weak hands being flushed will always be the case through past history, today, and into the future.  Same thing will happen when Bitcoin is $10,000, and $15,000, and $20,000.

i am waiting for that time sir and i hope i can see the price in the rest of my life before i give my bitcoin to my kids. i see there is more and more weak hands in the market when they see the price is dump hard and they will still exist in the market. but if they already know that this is just correction price before its increase again, they will be sadly if they know that the price will bounce up later. its better to wait another weak hands show their action so we can buy again.

We can't blame those who quit immediately as they see the dump price hard because in business we talks about money and all people basically needs it though so sad to see those weak hand directly give up easily. But then let's just understand that not all situations are the same since we don't know exactly why this people quit right away.

And that is why it is not good for anyone to just make decisions blindly. People are eagerly rushing into bitcoin today because they feel it is an avenue for them to make quick bux without even researching what bitcoin is all about, studying what they are investing into, checking out what the market trend has been like from the onset and how to avert from the mistakes people must have made. That is how a real investor should think and not doing this is the main reason that when a slight FUD happens in the market, the weak hands like the OP calls them are just ready to drop fast while some of them are even at loss only to come back to this forum to say bitcoin makes them tired.

Yes,nowadays people don't even to research about bitcoin and they just want overnight success by investing in bitcoins.They mostly think bitcoin as a quick rich scheme.When they see even a slight fall in bitcoin price and adding fuel to the fire,a FUD,immediately they get panic and just sell their bitcoins at whatever price they see on that day.Since bitcoin is an ever growing market,new investors would enter daily in to this market and the process of getting panic would continue and the big whales would continue to have huge profits.It has become an ongoing process in bitcoin market.

[Unplugged]

Panic sellers always lose in the world of cryptocurrency. I myself experienced it first hand when I cashed out my btc when the prices went down fast. Only to find out that it will increase by as much as $200-500 within a week and less than $1000 in a month. From my standpoint, I've learn to read a lot of news, speculate and even ask people for help and advice when the pricing starts to go down.