BitMaxz
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Block halving is coming.
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October 10, 2017, 11:51:43 PM |
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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.
This is always happening in time to time there re people are just following the trends to sell their bitcoin and there are people are strongly holding their bitcoin and get benefits of it in the future but those who are late from the news and afraid of losing them all of their bitcoin they will sell their bitcoin before its late .. the news and the community can help to know about the price movement because if more people are telling that the price will increase more and posted a some updated news about bitcoin expect that the price of bitcoin will increase so it will depends in trends and news that can affect the price of bitcoin that could encourage people to sell and panic selling. |
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No Gods or Kings. Only Bitcoin
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makishart
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Activity: 3052
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Leading Crypto Sports Betting & Casino Platform
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October 11, 2017, 03:32:17 AM |
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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.
This is always happening in time to time there re people are just following the trends to sell their bitcoin and there are people are strongly holding their bitcoin and get benefits of it in the future but those who are late from the news and afraid of losing them all of their bitcoin they will sell their bitcoin before its late .. the news and the community can help to know about the price movement because if more people are telling that the price will increase more and posted a some updated news about bitcoin expect that the price of bitcoin will increase so it will depends in trends and news that can affect the price of bitcoin that could encourage people to sell and panic selling. In world of cryptocurrency, you need to learn how to not give a shit to every event happened and just keep your bitcoin inside your wallet, watching the price everyday will just do useless thing but get alerted when price hits new ATH is a good thing. |
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franco123
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October 11, 2017, 07:42:41 AM |
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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.
I cannot say I am sorry for them because the price at the time they dump was quite high. So even if they dumped their bitcoin, they still made a lot of profit. Now they can reenter bitcoin and start making some money again. Yes I get your point that they made a lot of profit already. But they could have earned more because the price ceiling of Bitcoin, in my opinion, is still far away from today's daily average price. And also, I think one of the reasons why some in this topic are mad is the idea that panic sellers might ruin the Bitcoin price run. Remember the price is directly affected by the supply and demand and once the panic sellers start selling, the price will then continue to drop and give signals to other Bitcoin holders to panic sell also. |
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StarofBTC
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October 12, 2017, 05:38:24 AM |
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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.
Weak hands indeed. Isn't it funny how most people don’t tend to look at the same incident in the past to judge the present and some people still end up and gullibly fall the same trick again. Like you said, this is one thing that will never stop and we will keep seeing this trend as time goes on. The weaker hands will keep dropping giving chance to those with stronger hands to even get more. |
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twicezeroiszero
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October 12, 2017, 11:55:27 AM |
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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.
This is always happening in time to time there re people are just following the trends to sell their bitcoin and there are people are strongly holding their bitcoin and get benefits of it in the future but those who are late from the news and afraid of losing them all of their bitcoin they will sell their bitcoin before its late .. the news and the community can help to know about the price movement because if more people are telling that the price will increase more and posted a some updated news about bitcoin expect that the price of bitcoin will increase so it will depends in trends and news that can affect the price of bitcoin that could encourage people to sell and panic selling. In world of cryptocurrency, you need to learn how to not give a shit to every event happened and just keep your bitcoin inside your wallet, watching the price everyday will just do useless thing but get alerted when price hits new ATH is a good thing. I do not think it is useless, check the price of Bitcoin everyday can helps you understand the move of Bitcoin price. Sometimes, if you are lucky, you can know the next scenario of the whales will use for Bitcoin. |
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richkellj
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October 12, 2017, 02:42:33 PM |
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It's quite uneasy when you have half of your fortune in this wonderful bitcoin.
If you have half of your fortune, then you should understand the volatility risk involved in the first place. Sure, for a newbie, it would be hard but a time will come anyway when the value of your coin would have increased and shits like the whale FUDs won't even bother you. However, since, it is glaring that some people are always looking for the opportunity to play with the market, is even more of the reasons anyone should stick to what they have than panic selling even at a loss. |
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antelopez
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October 12, 2017, 07:43:05 PM |
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Yes i wouldn't recommend panic selling anyway because it shows that you do not believe in bitcoin i would say you only sell when you are planning to cash everything almost out.
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zwiggel
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October 12, 2017, 08:04:50 PM |
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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.
This is always happening in time to time there re people are just following the trends to sell their bitcoin and there are people are strongly holding their bitcoin and get benefits of it in the future but those who are late from the news and afraid of losing them all of their bitcoin they will sell their bitcoin before its late .. the news and the community can help to know about the price movement because if more people are telling that the price will increase more and posted a some updated news about bitcoin expect that the price of bitcoin will increase so it will depends in trends and news that can affect the price of bitcoin that could encourage people to sell and panic selling. In world of cryptocurrency, you need to learn how to not give a shit to every event happened and just keep your bitcoin inside your wallet, watching the price everyday will just do useless thing but get alerted when price hits new ATH is a good thing. I do not think it is useless, check the price of Bitcoin everyday can helps you understand the move of Bitcoin price. Sometimes, if you are lucky, you can know the next scenario of the whales will use for Bitcoin. Not luck. We have all the bases to believe in the future value of bitcoin. It can be said that bitcoin is the most stable development currency. That is also the reason it is the king of virtual currency. |
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aso118
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★Nitrogensports.eu★
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October 12, 2017, 08:25:02 PM |
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Yes i wouldn't recommend panic selling anyway because it shows that you do not believe in bitcoin i would say you only sell when you are planning to cash everything almost out.
Not necessarily. Even if you are not planning to cash out entirely, you can go for a phased sell out. Early adopters can decide to sell 1 bitcoin every year. That way you don't miss out on any rallies, and you also take advantage of bitcoin's price appreciation. |
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uszaty43
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October 12, 2017, 09:02:41 PM |
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I dont understand the reason of why people is still dumping their bitcoins, they can look at the charts and they will see that the price is always increasing, but they are worried about losing $20 because they are too scared to make a profit of 40% just by holding those coins for months.
But it is good, if there would not be panic sellers maybe we could not see any price decrease, so it is good to have them.
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aardvark15
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October 12, 2017, 09:12:25 PM |
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I dont understand the reason of why people is still dumping their bitcoins, they can look at the charts and they will see that the price is always increasing, but they are worried about losing $20 because they are too scared to make a profit of 40% just by holding those coins for months.
But it is good, if there would not be panic sellers maybe we could not see any price decrease, so it is good to have them.
This is the reason why trading Bitcoin right now is so difficult. If you are a trader, you need to find a selling point and the wait for a price drop to buy back cheaper and to earn some extra Bitcoins. The problem is knowing when to sell which is very difficult. If a trader sells right now because we are at an all time high, he doesn't know if the price will just keep rising. If the price keeps rising after a sell, you lose all that additional potential gain. I traded Bitcoins for fiat and altcoins for a while but I have had to stop for a while because it has become too difficult to find buying and selling points. It's better for trading when the price trades in a trading range for a long time, but that's not what is happening with Bitcoin right now. |
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richardsNY
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October 12, 2017, 09:25:36 PM |
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Not necessarily. Even if you are not planning to cash out entirely, you can go for a phased sell out. Early adopters can decide to sell 1 bitcoin every year. That way you don't miss out on any rallies, and you also take advantage of bitcoin's price appreciation.
People are making things far too difficult for themselves. I have been browsing through a huge number of threads in the last years where people either got disappointed because they went all in, or they cashed out all at once. For whatever reason, it doesn't come up in their mind to buy/sell smaller fractions per time. For them it's like it's all or nothing, which is a pretty noobish way of thinking. It's a pretty basic form of knowledge, but yet people struggle with it. At the time panic kicks in, these people's only priority is to unload everything they have in order to avoid potential further losses -- let them do it their way, at some point they'll understand their mistake. |
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player514
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Merit: 1039
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October 12, 2017, 09:36:39 PM |
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I dont understand the reason of why people is still dumping their bitcoins, they can look at the charts and they will see that the price is always increasing, but they are worried about losing $20 because they are too scared to make a profit of 40% just by holding those coins for months.
But it is good, if there would not be panic sellers maybe we could not see any price decrease, so it is good to have them.
It's also a bit of a cycle. The more times the panic sellers get flushed out, the fewer panic sellers there are currently, the more the bitcoin price will go up. This is because the more often there are bumps in the upward trend, there are fewer people trying to sell and more people trying to buy. This makes the price drive even further up. The whole China FUD was a good thing for bitcoin holders. |
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Ararbermas
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October 13, 2017, 12:35:32 AM |
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Yes i wouldn't recommend panic selling anyway because it shows that you do not believe in bitcoin i would say you only sell when you are planning to cash everything almost out.
i agree that is the most reason why some of them getting panic . because of bitcoin volatility . Since that scenario always happened. However the journey of bitcoin is not done . The big one is coming ithink this year end it will surge as the predictions of crypto community. I hope they will not repent if that times happen . |
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