The panic seller irony

[FrueGreads]

That's a really good point, and I'm sure that most of the panic sellers are exactly those guys that don't really understand the value of bitcoins. They probably think that it's a bubble, and it's good to make some profit from trading, but although that can happen, I don't think that is the true purpose of BTC.
Those guys normally don't even hold there private keys. They just buy BTC on some exchange, and then just treat them as some volatile asset.
If they just hold them on wallet, they would most likely win a lot in the long term. If they keep them on an exchange, they will probably lose them on a bad trade, or because of a hack to the exchange or something like that, and will keep complaining about BTC.

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[Chip-Dale]

That's a really good point, and I'm sure that most of the panic sellers are exactly those guys that don't really understand the value of bitcoins. They probably think that it's a bubble, and it's good to make some profit from trading, but although that can happen, I don't think that is the true purpose of BTC.
Those guys normally don't even hold there private keys. They just buy BTC on some exchange, and then just treat them as some volatile asset.
If they just hold them on wallet, they would most likely win a lot in the long term. If they keep them on an exchange, they will probably lose them on a bad trade, or because of a hack to the exchange or something like that, and will keep complaining about BTC.

There is a category of people who constantly complain about something. And these people usually panic sell bitcoin as soon as the price goes down a bit. And then again they complain that they acted stupidly.
But we are wise people and we must trust the Crypto-currency

[ethereumhunter]

That's a really good point, and I'm sure that most of the panic sellers are exactly those guys that don't really understand the value of bitcoins. They probably think that it's a bubble, and it's good to make some profit from trading, but although that can happen, I don't think that is the true purpose of BTC.
Those guys normally don't even hold there private keys. They just buy BTC on some exchange, and then just treat them as some volatile asset.
If they just hold them on wallet, they would most likely win a lot in the long term. If they keep them on an exchange, they will probably lose them on a bad trade, or because of a hack to the exchange or something like that, and will keep complaining about BTC.

There is a category of people who constantly complain about something. And these people usually panic sell bitcoin as soon as the price goes down a bit. And then again they complain that they acted stupidly.
But we are wise people and we must trust the Crypto-currency

before we do trading, its better for us to learn minimal we can learn how to handle our emotion when the price goes down and we are not complain to others. beside that, we need to learn that trading crypto currency is different than trading forex and others so if we can studied from many source then we can do trading with better and not being panic selling.

[ProoLogic]

I almost did the same mistake, when I entered the crypto market and next week BTC dropped 30-40%. I stop checking charts and forgot about that. I do the same thing every time when the market is going down.

Exactly same here, now I have one advice to my crypto friends: stop refreshing markets, stop panic, stop selling  go to sleep...better for 3 days:)

Problem with BTC is -lot of BTC is not for savings...

[cryptocrusher]

I almost did the same mistake, when I entered the crypto market and next week BTC dropped 30-40%. I stop checking charts and forgot about that. I do the same thing every time when the market is going down.

Exactly same here, now I have one advice to my crypto friends: stop refreshing markets, stop panic, stop selling  go to sleep...better for 3 days:)

Problem with BTC is -lot of BTC is not for savings...

In my first week of buying in to bitcoin (the second time around) the price dumped about 25% and all friends who I told that I was investing again were saying how silly I was that and I should just sell at this point and cut my losses. However like you two, I stopped refreshing, didn't panic and went to sleep. The next day the markets began to recover and now a year or so later all my friends who told me to cut my losses are looking pretty silly 

[merchantofzeny]

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

That always happen whenever someone goes into an investment due to hype. Since they are not in for the long term anyway, they pack up at the first sign of a "collapse".

I plan to hold on to mine but still, I find the news of Chinese exchanges shutting down disturbing.

[neurotypical]

Your coworkers were afraid of losing more money.  Sure, they shouldn't have bought BTC so late, but if they recognise that it was a bad decision, they might as well get out as soon as possible rather than assuming it's going to rocket up again a week later.

You are making the mistake of calling buying bitcoin now "late" after claiming that you can't predict the market.

If you can't predict the market, then how it's late? It could go to $5000 pretty soon. Sure, it could crash too, but nothing points at that, specially when NYC agreement is failing and there will most likely not be a hardfork in november, or at least one that really challenges the legacy chain, so we are avoiding that disaster.

We also got Bitcoin Core 0.15 with a lot of improvements up and coming, that's always bullish.

China's bans are a joke at this point, they said they banned it again and the price is going up, looks like, just like we say with the repeated PBOC news, they are having less and less impact on the markets.

So with that on mind, I don't see how buying right now it's not a good idea.

[Nascor]

pretty much what you said, it's about the long-term, there will always be short term fluctuations in the market
it's about keeping cool and not touchin' them bitcoins

[audaciousbeing]

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

The fundamental truth is that the whales sees it as a game where someone win and another lose and we cannot all win. So, for those who are easily swayed by the current events without fully understanding the direction of events will end up blaming themselves.

This is one of the reason why I am discourage to propagate the use of bitcoin because people are ruled by their greed and not knowledge about how bitcoin works but want to enjoy the massive return based on the fact that 'I invest now, how much will it turn to in a month?'. And if their dream didn't come true, they come back and give credence to those who have been on the negative about bitcoin.

[barhavsky]

pretty much what you said, it's about the long-term, there will always be short term fluctuations in the market
it's about keeping cool and not touchin' them bitcoins

Yeah they are too quick to make a decision to sell bitcoin for various uncertain reasons.
Bitcoin from the initial price until now still an increase.

[hangar18]

That's a really good point, and I'm sure that most of the panic sellers are exactly those guys that don't really understand the value of bitcoins. They probably think that it's a bubble, and it's good to make some profit from trading, but although that can happen, I don't think that is the true purpose of BTC.
Those guys normally don't even hold there private keys. They just buy BTC on some exchange, and then just treat them as some volatile asset.
If they just hold them on wallet, they would most likely win a lot in the long term. If they keep them on an exchange, they will probably lose them on a bad trade, or because of a hack to the exchange or something like that, and will keep complaining about BTC.

There is a category of people who constantly complain about something. And these people usually panic sell bitcoin as soon as the price goes down a bit. And then again they complain that they acted stupidly.
But we are wise people and we must trust the Crypto-currency

before we do trading, its better for us to learn minimal we can learn how to handle our emotion when the price goes down and we are not complain to others. beside that, we need to learn that trading crypto currency is different than trading forex and others so if we can studied from many source then we can do trading with better and not being panic selling.

Control our emotion always important when we want to invest any field, of course crypto market also needs it. Although these are many market on the world (forex, stock, trading crypto, gold, real estate, ...) but almost markets are need you can keep your calm and patience for making profits.

[saeyeen]

I almost did the same mistake, when I entered the crypto market and next week BTC dropped 30-40%. I stop checking charts and forgot about that. I do the same thing every time when the market is going down.

Exactly same here, now I have one advice to my crypto friends: stop refreshing markets, stop panic, stop selling  go to sleep...better for 3 days:)

Problem with BTC is -lot of BTC is not for savings...

I tell that to my friends too when the market is not looking good better not check it and do something that will destruct them like going out and have some fun god back when the market is looking good to avoid selling in losing position.

[karmamiu]

               Funny to think right? But logically those who keep complaining are just too lenient to what is up to the crowd and then they easily panic by just rumors and so on. To tell it staightforward nothing everg good comes when you are in a hurry, in short think wisely and if it is possible rethink it again before you decide, and atop being dependent to one source only, be wise, always listen to what other people might say, compare and make your own analysis.

[Dudeperfect]

It doesn't make any sense to follow the market environment if you have a strong research to back up your investment. No one can control the market conditions but everyone can control his own investment which would indirectly affect the market environment so if someone is willing to see stability in the market then he should not sell his holdings in the first place. I know the market where there is 15% margin is charged on the deals but that market is surviving just because there are the people who are feeding that greed. This needs to be stopped for universal welfare.

[Gotottack]

I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

The real problem here is that we are not seeing bitcoins as it was invented for! It was invented not for purposes of speculative investments but it was invented to be a replacement for cash! This is supposed to be used for purposes of financial transactions where we can buy and sell using only bitcoins and without even taking into account fiat. Well, that all didn't happen.

[Ejanend]

I'm usually hold my bitcoin as long as possible that why I'm consider as investor but there is a risk beneath it
For example being investor may have great profit if you hold it in long term but if bitcoin vanish before let say 2019 , we are loss !

It is very good! I appreciate your effort I am glad to see a lot of people are investing in bitcoin and they want to earn income from it, bitcoin price is gaining more and more value so it is good to be patient while deciding about selling or saving bitcoin, as I have some bitcoin and I want to wait till the time when my bitcoin will be able to return me the amount I investing in it so don’t panic and wait for the right time to sell.

[AVAMONEY]

we need panic situation to make rate fluctuation.

so when rate going down, there are ready discount day to buying it cheap in large amount.

[maku]

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

The sooner we realize that there is no equality in this world the better. People who are afraid to risk will never achieve greatness.
I am convinced that these people who are panic selling would never even touch or buy bitcoin in the early years when BTC has been basically worthless.
For nay sayers, it would be too risky to spend 'real money' on some virtual numbers, scaremongers will never accomplish anything.

[Cangkeman Wae]

why should panic, if we panic then we will regret because the price we get will be cheap, better always hold and do not too often monitor bitcoin prices.

[mung_nasib]

that's true we also need time to be able to achieve maximum results whereas people who are less sure coin is in store for just a few weeks alone without a second thought directly on sale.