The panic seller irony

[codegnome]

there are still many people who do not understand crypto so they are scared and sell their crypto cheap

If someone want to join our cryptocurrency world, he need to have some knowledge about this, because now we see that too many "new" people are panic and sell their coins...

[thefatman82]

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'm trying not to allow myself to be in panic, but this is natural for humans to have those extreme emotional feelings. So from time to time I am also sining this way

[Uhde]

It is nature of traders that hold not big amount of cryptocurrencies. They are not enough strong financially to ignore what is going on daily in the market.

[viananda2525]

I think people who have sold their shares in February and we can see they will regret so quickly when BTC prices will go back up again, but complain about their minds decisions that bitcoin prices will continue as it happens in the last few months, because They always sell when the price touches resistance and it makes the seller stronger than the buyer who generated the decline again, whereas many people expect the escape to occur and go beyond price resistance.

its their decision to sell their asset.regret or not will be their risk , even looking bitcoin price in future.some people sell and rebuy just to accumulate their bitcoin stock and hold it for months.

[juragane]

panic sell that I think it depends on the situation and from the trader, there are traders who use panic seller and there are also exposed to panic also eventually become victims of panic seller, so you better do not be panic seller because it will harm you.

[yulchatar]

In this and last year, a lot of people came here, in crypto. And not all newcomers were ready for such turn of events that happened after last December. Almost everyone was sure that the growth of bitcoin will continue to the moon. And so many people find it difficult to cope with their emotions and believe that really powerful growth is yet to come.

[Noctis Connor]

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.

That's the problem right here, people buying in without actually trying to understand cryptocurrencies and their implications. Of course they leave the market at the slightest sneeze, I would too if I were only in it for the gamble.

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

We still don't know whether USD 4k,- is actually going to hold though, don't jinx it. USD 5k,- may also turn out to be a double top :X

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 wouldn't go so far as to say that it's mostly whales buying up these dumps. But there's a certain irony in people complaining about missing out while also either a) not trying to get started with cryptos in the first place and b) not being patient enough to hold.


Either way, I wouldn't worry much. It's no one's loss. They'll be back sooner or later.

Yes that could be the irony, some are in panic when the crypto market is down, they do not have the guts to hold their funds, they only complaining on some things that they dont understand, You see patience is neede here in crypto , when the market is down , don't sell your holds, wait for the market to grow again, it is volatile right so it can be change anytime, no need to rush things, just go with the flow.

[mimienamphine]

I think  that the inexperienced hands always fall pray to panics when the market is manipulated. People try to always manipulate the market to their advantage. So I say it all comes with experience.Once the person become experienced and learn to trade very well and understand the market well ,panic syndromes will not get them.

[Komobit]

There is a tale of one big investor in stock market that quit right before 29's crisis becouse his shoeshiner was bragging about how much he would make in this and those X stocks.

obviously, to him, his shoeshinner was talking bs but that was a sign that the market was inflated with ppl who dont know where the sun rises.

There is a parallel with today's market.

[shulio]

Whales have the necessary spare money to collect all the coins thay want. Even you do not want to sell, they will lower the price to a level that makes you think to sell.

[owmivmen]

Yes I also do not understand how someone can sell btc with cheap price. $ 6000 it's a very cheap price for btc at the moment.

[baus]

Panic sellers do not know how the market works and that is the main reason of why they are always leavin the market earlier than the others

[dharnamonitor]

there are still many people who do not understand crypto so they are scared and sell their crypto cheap

If someone want to join our cryptocurrency world, he need to have some knowledge about this, because now we see that too many "new" people are panic and sell their coins...

In the end they're just wasting their own hard earned money, we must be well versed on something that money has an involvement such as investing,  trading or even buying and selling. It's very alarming when simpleton like them continuously losing money due to their financial illiteracy.

[celakkenyang]

Panic will make a big loss if trading in crypto when the market is bad. everyone should be patient until the market recovers and keeps the price of the crypto stable.

[Dortira]

 I have read one really wise post which says, that those who sells in panic are really contributing to the overall price dump, because of they're selling activity causes the price to go down.

[burner2014]

I have read one really wise post which says, that those who sells in panic are really contributing to the overall price dump, because of they're selling activity causes the price to go down.

That is the reality but sad to say that people are still doing that thing, that they always keeping in panic no matter how much opportunity bitcoin has given to them and it is really frustrating in our end as well seeing that kind of thing.

[deda123]

of course there will be panic because of the fall and everyone think that all of that will go off and nothing will reamin and this is pretty normal but i think the opposite of that.

[darkphoenix2610]

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.

What you say is completely logical and it makes sense but you are asking too much from them, in my experience there are two types of people when it comes to looking into the future, those that concentrate in the short term and those that concentrate in the long term, those that think only in the short term may talk about the long term all day but when faced with a decision they will always choose what it feels right at the moment.

Yes, I think panic sellers are creating a huge decrease of price in the market , they go sell their funds without thinking of profits , This the cause of fake news and some speculations that are created by some bunch of people who are not deeply in study of crypto currency they just speculating just to gain more followers and bringing the market down, I think it should be stop.

[salamonKK]

Listen to an intelligent man, he says things. Although this topic was created long ago, it still does not lose its relevance. Do not sell, now history repeats itself.

[SlickMoTwoToe]

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.

I agree with you, they should be more aware of thinking about these things, It should be normal in this days that the market is continuing to fall, they must understand that not every day is a tanks giving day, there are some worst days where you can be in big lost, after all that is the nature of crypto currency I think, the chance to have a gain and a loss at the same time.