The panic seller irony

[TIDOVEE]

Everyone is affected by the drop in value of bitcoin. It noe depends on how individual can manage their emotions with the status quo. Only a little can we do to change this situation. So panicking should be controlled.

[pixie85]

This is a fact that is happening, the number of users who panic and sell bitcoin at a cheap price will make the price continue to fall, as a true investor we must always be optimistic that the future of bitcoin will continue to improve

No, we shouldn't always be optimistic. Too much optimism is also bad goes against reason. We should always be objective and see things for what they are. Bitcoin and blockchain are revolutionary, this is a fact. There's a much higher chance that their value and popularity will rise in the coming months.

[rostpAyment]

No experts out there know the future.
neurotypical, your example is a good illustration of why you should not follow the crowd. I suspect your co-worker is not stupid. They may be great at what they do, They may complain and put off some people, but that is the maximum damage they can do

[Beli99]

Like some kind of domino effect of fear, uncertainty and doubt many people cant take the pressure and get burn but irony is that many of them will buy again at hype and thats really sad ...i dont understand is it that difficult just follow two rules buy low and sell high

[creeps]

Like some kind of domino effect of fear, uncertainty and doubt many people cant take the pressure and get burn but irony is that many of them will buy again at hype and thats really sad ...i dont understand is it that difficult just follow two rules buy low and sell high

Those people enter here without proper education and that is why they are panicking because they thought the market will crash hard. Its really hard to invest if you are not ready for the risk so those people are ready to admit their loses and invest again when the market is pumping which is really not a good one.

[Ludji]

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.

I believe the problem lies in the reason those people bought in the first place. They were uncertain from the beginning and that is why whales can use their uncertainty and profit. Better education on cryptocurrencies will lead to less people panic selling.

[krishnaverma]

Panic comes with in experience and this applies to all fields. Suppose you are going for an exam and you do not prepare or practice well. So, you will not be able to handle difficult questions and will also be able to manage your time properly. But if you have practised well, you will not panic. This applies to crypto as well. Those with experience will make better trading decisions.

[awawo]

Well you can't stop people from doing panic because most of them are into bitcoin just for the profit they can earn and at that any little price fall they begins to panic and rush into selling in other to cut loses.

[DiabolicAnt]

Absolutely agree. People like this usually don’t do enough research into cryptos and that’s why they lose more often than win. It’s not a good stategy.

[SearchingforS]

Well, there are a number of situations where panic sellers loose. BUt on the other side - there a lot of examples how they greatly cut their losses, especially in case of alt coins.

[elwiswoodie]

if we continue to accumulate BTC at a low price, and when the whales sell all of its BTCs, until there is no pump again, and an indication that bitcoin is dead, will it benefit us?
Bitcoin is very dominant in the market, but it is vital to its existence for all cryptocurrency, if we make the wrong decision, we will lose in the fight against whales

[AlehandroTheGreat]

Today loose a lot on margin trading..... Will never trade with emotions again 

[Baronggot]

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.

Sadly, newcomers to crypto doesn't really have the heart to do this just for sake of not losing their investment. They're just badly shaken with what they have seen and what they have heard and read on the FUDs being spread on this forum. They really need to be enlightened so as to give them the perspective where they can be winners at the end.

[Nboramir]

This may seem like a thing to make fun of but I think that it is something that we all face everyday. We all take a moment everyday and think should I sell all I have ? But of course there are a lot of people who went into BTC investing by only hearing big numbers and they’re just mediocre investors who will always hesitate to risk.

[7Dyoknga5]

Can't say you can't blame them as they have lost a lot of money if they invested early part of this year, but I do think they should've do some research first before investing in bitcoin.

Earning profits can easily attract investors as it's the main purpose of investing in the first place. One problem I see is that stores, shops or any business establishments are not growing to where bitcoin can be used. Bitcoin only serves as investment now rather than a currency.

[b3j0]

This thread was created before bitcoin price reached $ 15k because this thread was created in september. they lost $ 15k for $ 4k, they must be very sorry.

[ASHLIUSZ]

People getting panic looking upon the price drop is quite a natural thing. Some people just withstand it while some just go with it, ending up in loss. Another thing with the ongoing market is the price drop happening from such a big value to a value low to $6500. It needs to change to mark a new growth history with cryptocurrency.

[HaXX0R1337]

Another thing with the ongoing market is the price drop happening from such a big value to a value low to $6500. It needs to change to mark a new growth history with cryptocurrency.

If people understand that the price of bitcoin a year back was below thousand dollars then they wont complain unless they invested when the price was at an all time high, i am sure majority must have left the market selling at a loss but they need to understand the market before investing rather than trying to invest their money without knowing the market.

[techbill]

I got scared when you said they sold at $4,000. Then I realized that this was from 2017. I bet they felt sorry when it went to $20,000.

[Bumblecoin]

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.

Yes you are right! If no one will sell their bitcoin then how can the whales buy? There is no buyer if there is no seller. But there maybe others who panic sell for some reasons. Maybe some of them really needs it to sell.