The panic seller irony

[Silberman]

I feel you brother, this is a real problem, these newbies who are easily swayed by false news or the slightest downtrend of the market. These people are the ones who are in the games just because they heard about the good profit they can get from it. They didn't really put in time and effort to learn and know more about Bitcoins, how it works, its implications, the market, the volatility and how their actions would affect the value of Bitcoin. It is not enough that you have the money to buy coins, you should at least equip yourself with the knowledge and skill sets necessary to be able to contribute to the growth of Bitcoin and its community.

Having money does not make you an investor, many people around the world had the advantage of being born in a family with money and in less than two generations most of those persons become poor and the reason is simple they do not know what to do with their money, a qualified investor even if he has a small amount of money will outperform a person with money in this or any other market all the time.

Very well said. Investing requires knowledge and experience in able to make a wise decisions for your investments. It is not just the money, if you do not possessed any skills you will just lose your money like the others.

It is believed that 80% of the millionaires in the world are new millionaires, that means they are people that were poor or middle class and then became millionaires through their efforts and skills, only 20% is old money or generational money, so having money now does not necessarily means you will have it tomorrow, in fact getting money is the easy part keeping that money is even more difficult.

[RippleSpaset]

I don't know why they always blame whales? Well, you bought even if it was $ 19,000, so what?Just hold it until the end and not one whale can not stop you.And here begins universal panic,and suddenly all will lose, if you buy on recent the you not on address. Be ready to lose money, but before you sell you are not in the red!

[Carreuh]

It is very unfortunate if someone did panic sales because they will get a loss at the end and also with panic sales happen Very influence on the decline of the price of a coin.

[Cacao2017]

Some of them have sold bitcoin in a panic they are afraid the bitcoin will lose value and what they have invested will be lost but I advise them to calm down and take important steps in their investment I am today

[coynedterm]

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.

You are right but still there are lots of limitations that Always keeps the mind of the panic sellers to sell Thier assets .
In Actual in the starting when someone said me that manipulation is a big factor to get into panic and that time Result into big loss for the newbies then I said that it is nothing it is only a type of misunderstanding that you are thinking in your mind .
But when Actually I came across such things then I found that I really made much mistakes of panic sell and that only a part of the mainpulation and after that I comes to know very well that it is only panic that Results in loss not only for one panic seller but to all another holders of that assets and in that case they also sell Thier asset for money in very big dump market .
Here every newbie should be teach at the beginning that how to become a strong holders to recover himself from all type of the panic .

[ethereumhunter]

Some of them have sold bitcoin in a panic they are afraid the bitcoin will lose value and what they have invested will be lost but I advise them to calm down and take important steps in their investment I am today

yes, I cannot imagine how their reaction to seeing bitcoin price getting down in a few weeks ago. they should be in a panic and they cannot think except how they can save their money fast so they sell their bitcoin without thinking much. but if they can be patient for a while and stay calm, I am sure that now they will regret because they sell their bitcoin too early. they will expect that bitcoin price getting down again in the next week but we don't know what will happen later.

[pginvest]

Clearly, everyone wants to buy low/sell high. However all speculative markets have a mix of people involved, some have strategies and perform trades based on specific parameters - others tend to get in and out on pure emotion. Emotional trading can be pretty expensive, but it is easy to understand looking from the outside in, not so much the other way.

[Starving_Marvin]

panic sellers are those who look the graph and the movement of bitcoin in smaller timeframes where they fallback first when they see the market is in a dire situation they act fast and they forget the possibility that the market can be brought back to the last higher candle again sellers like this is the victim of the whales and they are the ones who lose the money first.

Panic sellers are always writing some scrap about bitcoin and the market. They sell it, she don't believe in the power of Bitcoin. They want to hear a short time benefit only.

[airdrophunter]

Panic selling isn't really helping you either the current status of the cryptomarket because once you panic sell at a lower price, the cryptomarket's market cap will also be affected and will gradually decrease. Some panic sellers had already experienced that the crypto they sold will suddenly increase after few days. So why would you just sell your crypto if you can hold it for a while to earn a better profit?

[KeijiN]

I choose for myself never to complain about the price because price is not the main point that I'm getting my profits from. Even more than that I'm getting my profit from the differences between the prices. So low is also positive.

[sigam batat]

It is very unfortunate if there is panic sales due to panic sales will greatly affect the price of this bitcoin with a lot of panic sales will cause the price of bitcoin to fall

[geopolisch]

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.

Man… thumbs up to you. What you said makes a lot of sense. When we keep on panic selling we are even creating more opportunities for the whales to buy in lots of coins at a cheaper rate. But if we continue to hold our coins without selling them off for the whales, they wouldn’t have much chance to control the market like they are doing now. Well, it’s not easy… not everyone can do this, some people are so afraid. But I bet your friends will be regretting their actions by now.

[BISSMILAH]

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.

[Starving_Marvin]

I believe that there are several hundred people who communicate with each other for collusion, judging by the market picture. But do not succumb to provocation. Most of the news is fake. Everything is done in order to sow panic among the masses, so that the masses begin selling bitcoin.

[liivii]

It is very unfortunate if there is panic sales due to panic sales will greatly affect the price of this bitcoin with a lot of panic sales will cause the price of bitcoin to fall

Panic selling will only cause Bitcoin price to decrease because the more people sell their coins the lower price Bitcoin can have. A holder without knowledge will have a higher percent of doing panic selling because they don't know what to do and all they can see is Bitcoin price drops, so their mentality is to see also their coins even they still lose money instead of gaining profit to it. It's important that before going into long term holding is the knowledge on how to deal with these situations.

[KnightElite]

Most of the investors are focusing on the speculative than its utility. They are only making investment because of profit. There are some investors who are using the cryptocurrency in specific utility. There are many good cryptocurrencies that are good for utility than speculative.

[xyandrobot]

Yes the more everyone panicking will make the whale's profit buy at a cheap price. the stronger we hold the coins the whale will buy at an expensive price.

[gamalzour]

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.

As long as your making money from bitcoin, whether selling out of panic,  there is no problem. The most important thing is whether you’re making money. By the way you’re not meant to hold it forever, it’s all about buying and selling when you have made enough profit. The only thing about people that are selling out of panic is that they will create a chance for whales to buy at cheap rate.

[patarfweefwee]

That is the truth. If there is more supply floating in the market then there is more chances and a bigger chance in the prices by whales since the price of Bitcoin or any other crypto currency is heavily dictated by the available supply in the market. I just hope we all work for the stability of crypto currency so we cannuss it in the future.

[malah]

when the price drops we should not have to be panicked because if we sell when the price goes down it will only make us a loss and bitcoin prices will become increasingly down, better to stay calm and hold