The panic seller irony

[Iranus]

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 mistake you're making is assuming that "the whales" are some mysterious group that plots away from you about what exactly they're all going to do.

Many whales are just early adopters who had the opportunity to buy BTC at as low a price as possible.  In which case what you're suggesting would not actually make the distribution more even, it would just mean that the next wave of whales is the groups of people who you told to buy the dip.

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

Another mistake that you're making is assuming that just because there was a dip, that was the bottom.  A dip can last a long time and bear markets can last over a year.

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.

[1713885496]

1713885496

[1713885496]

1713885496

[1713885496]

1713885496

[Yarsk]

Well to start with the rush in the sales of bitcoin, can be attributed to the ban of bitcoin in China and how the rest of the world view China as the major market hob for bitcoin and other cryptocurrencies. Some people are afraid of loosing they bitcoin because of the presumed fall in the price of bitcoin.

[Edrian]

Yep they are feeding the whales and they hate it. Lots of FUD. They did not realize that this point can be up to their advantage by being the whale and buy more of bitcoin while holding the other. This people has not been on bitcoin for not very long time and have not experience similar cases. Those cases are just repeating itself without there notice. Just keep holding, fellow holders.

[webtricks]

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.

Nice!
I am literally unable to decipher why the investors who invest in Bitcoin with sole motive of making profits, sell off their coins in such situations!! 
Aren't they aware about the past of Bitcoin where it surpasses all FUDs and obstacles and touched new ATHs frequently!
Bitcoin investment isn't a game of day or two. You need to hold your heart and wait for right time to sell otherwise Bitocoin will be accumulated with few giants and market will start puppeting on their strings.

[Fatunad]

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.

Not surprising since this thing do really happens on this investment or trading world which there are really people who do really keep on feeding whales and do panic sell.If you do see the chart theres already a double bottom which signifies theres a strong support which does really signifies a strong breakout later on this is why this is the best time to buy more cheaper coins.

[xuan87]

Some people bought Bitcoin without the proper knowledge, they just tempted to earn profit and just bought it recklessly, they don't know what is the factor that can caused the price to fluctuate, so when the price fall down they are panic and want to sell it directly to prevent more lost, they don't know that Bitcoin has been through a lot like this situation for a long time

[Hydrogen]

Some whales make their money by buying in @ $4,000.

After buying in, they go on social media and tell all their followers the price will "go to the moon".

The price goes up to $5,000 on increased demand of casual buyers entering the game.

Whales sell at $5,000 causing the price to dip down to $4,000.

That's one issue with being a casual.

They seldom hear about good opportunities unless its a whale tricking them into buying something to generate profits for themselves.

[layoutph]

I guess they dont trust bitcoin they have the fear it will collapse. Are you from China, is Bitcoin legal in your country?
I dont see the point why they sold their BTC at the dip. Others are panic buying now. I think Bitcoin is beyond 5000usd before October.

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.

[Clement Kaliyar]

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.

It is easier said and done,if you have invested your hard earned money into the crypto market you would panic if the market turns red because you never know how the market will end up at the end and it might burn a hole right into your pocket and so is the reason people are panicing when they see the market goes down.

[Pearls Before Swine]

Yep.  It's the same way in every asset bubble.  I like the term 'casuals', because
that describes them very precisely.  Casuals enter the market late in every bubble,
and they're not the diehards you see that have been here for years.  I'm not sure
if it bodes well for the market, or if it's a sign that bitcoin is going mainstream.
They're not in it to use bitcoin as a currency; as you said, they just bought bitcoin
because we're in a bull market and they're looking for easy money.

They should have been more patient.  Perhaps you can suggest this to them.  Do
they exhibit any sort of passion for crypto, or is this like a lottery ticket to them?

[triads]

I know several newer buyers who are just caught off guard by the size of the volatility swings. The charts are deceptive... everything scales to the last X months or X days, so it looks similar to a stock chart.

But then they buy and discover that 'dip' which would be 1% on a stock is actually 15% on BTC.  15% in a week is a lot. Nothing in commodities or equities moves like that.  (And if it did, many would hit circuit breakers.)  School of hard knocks, I guess.

[ethereumhunter]

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.

It is easier said and done,if you have invested your hard earned money into the crypto market you would panic if the market turns red because you never know how the market will end up at the end and it might burn a hole right into your pocket and so is the reason people are panicing when they see the market goes down.

this is why we need to control our emotion when the market turns red and we should not panic in that moment. i see know for new people which is really new in trading, if they see the red zone, they will thinking that is not good and they are selling as fast they can so they don't take the big lose but if they can thinking clear about the bitcoin volatile, i am sure that they don't have to be panic. i know its difficult to handle our emotion but we need to learn.

[yndye]

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.

It is easier said and done,if you have invested your hard earned money into the crypto market you would panic if the market turns red because you never know how the market will end up at the end and it might burn a hole right into your pocket and so is the reason people are panicing when they see the market goes down.

That's why before investing into something, make sure that you invest only what you can afford to lose. This is the problem of some people because they saw something that it is going up and hoping that it will continue to go up (which we all are hoping) but then not knowing the risk and nature of the investment they have put their money to. For someone who has low risk tolerance then cryptocurrency is not for him because there's a lot of volatility and knowing that there are people who holds a lot of funds in this market makes it riskier because they can manipulate the market for their own interest. If someone do his research before entering the crypto world then he would be oriented to the fact that something like that can happen to his investment and not panic sell every time a large movement of the price happens.

[CryptoBry]

People always took the bait whenever the price go down they start to do panic selling which is obviously a no no. Those people should know that it was actually the best time to stock up their bitcoin collection and wait for the price to increase again and make profits.

That is just part of the human nature...to be afraid of losing something especially that you know that the value has already risen and you already got some profits...so to secure what you already gained you convert your Bitcoin to real fiat money. And this is usually the reaction of many people new to Bitcoin. We know much better especially members of this forum...we know that once there would be a big dip...Bitcoin will eventually get back and can even have a big surge later.

[Yakamoto]

People always took the bait whenever the price go down they start to do panic selling which is obviously a no no. Those people should know that it was actually the best time to stock up their bitcoin collection and wait for the price to increase again and make profits.

That is just part of the human nature...to be afraid of losing something especially that you know that the value has already risen and you already got some profits...so to secure what you already gained you convert your Bitcoin to real fiat money. And this is usually the reaction of many people new to Bitcoin. We know much better especially members of this forum...we know that once there would be a big dip...Bitcoin will eventually get back and can even have a big surge later.

That's one thing that a lot of people who are participating with the marketplace seem to forget; Bitcoin is in a very, very strong position and panic selling is probably one of the worst things that can be done a majority of the time, realistically speaking. I don't think that panic selling will ever actually benefit anyone from this point on, unless the market completely bottoms out. So far there is no indication of something like that ever happening, for the most part. There would have to be global, hard crackdowns on users for such a thing to be even a possibility.

[ss890]

Amazing thought dude and this is reality that we can experience and are experiencing at this moment. Same thing happened two months ago when the news about market crash came out as panic selling.


The current scenario is all about the Chinese news and the ICO ban stuff but people will never learn that these things don't work like this and one should always keep faith in their own portfolio if they want to earn profits in the long run. There is no way one can get profits if they keep selling in Panick and desperate need of not loosing the money. I believe your statement that these people who get panicked are actually putting the money into hands of whales because these whales are the one who never fear of bitcoin going down as they know it's just temporary and it will rise again in the future. If everyone keeps thinking like that way then can see the effect of pump on their wallets and savings. Hope this time not much Panick attacks get suffered, and bitcoin comes to normal once again sooner.

[Ctn]

Yeah look out the another irony today. By the time I'm posting, consider my list as time stamp, the price of bitcoin has already started moving up. Now those ladies who started panic selling must be crying because they can see with their naked eyes that the price started moving up again. This is the way bitcoin works and those who don't believe in themselves and the bitcoin off course will always find themselves into regret situation. The same casual people will now start panic buying as well because now they might be thinking the price will move very high. Lols. This is the cycle they will always follow. They will never get profited by doing so because they just cut loose their profits in the process of buying and selling. Must change the way everything works otherwise everyone knows rich get richer and the other stuff.

[TravelMug]

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.

That why they need to understand that bitcoin is not a quick rich scheme. They thought that by just buying bitcoin, they will profit, but when it dip, they usually are the first one to sell. Never come back into the market because they fear that they are going to lose anyway.

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.

Its really ironic indeed. By now your friends should learn it the hard way. Don't panic sell and instead buy more in dips. You can maybe explain to them this kind of scenario they laid so that they would understand everything that happened. Because if they are weak, then only whalers are going to benefit because they will continue to stack up bitcoin in this dip. The weak hands are shaken, while the strong one will stood still.

[Xixuthrus]

On the other hand at some point for the people who bought low to cash out and make large profits, many have to lose alot... and if we want future profit oportunities the price has to seriously fall at some point

[Aventhe]

Well, yes, the Irony is real. But- who could have guessed that the price of bitcoin was going to sky rocket this high? I mean when I first heard of it in 2009 I thought of it as a joke- however I have come to the realisation that that is very much not the case.

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

I don't think that these people have any right to complain and I completely agree with you. There are always sellers selling their bitcoins and the situation is not as if these whales buy up all these coins. There is plenty to go around for everyone and all that matters is just how much money you have or are willing to invest into Bitcoin. Selling bitcoin right now - today, is one of the worst things anyone can do. I mean, look at the past month or 2. We have seen the price increase very drastically, almost doubling its value. All these panic sellers do is just get scared about a potential loss and sell as fast as they can, only later to then regret their decision.