The panic seller irony

[jonatuzc]

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.

Well it’s not always easy. There are people living in countries where it is very hard just like in my country and they have to work very hard to get money for them to invest in Bitcoin. So these kind of people are always being very careful about their money and don’t want lose it in Bitcoin, and they tend to withdraw their money whenever the price of Bitcoin is showing any signs of going down. You’ve got to be very careful.

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[yanesna3]

The more people are selling Bitcoins, the lower is its price. These guys are given to themselves the so-called anti-gift: BTC is falling after their panic. That is why it is always important to stay calm.

[BitcoinMarketer39]

when the bitcoin price drops we should not have to worry and panic because if we panic sell then it will only make us loss and bitcoin prices will also go down, better to remain calm and patient because bitcoin prices will soon recover and rise again

People who understand this don't panic and sell, everyone that understands the market and how it works, are the calm ones!

Professional traders will not panic because they knew how the volatility of the market works and that is the reason why they are not losing their investments as well.

[Kingsingle]

With the market today, anyone is afraid that the market is constantly falling as it is now, which is why we are not afraid of the market is so difficult.

[D1jay]

Lol! i find this topic very interesting and am glade to have stumbled across it, i mean seriously, this is something i found very confusing  (why)  because when you look at the number of panic sellers anytime there is a little shift in price downward, mostly are not only newbies that are panic selling but even the so-called old timers in crypto also panic sell as well , but i know majority are the inexperienced,

especially when you buy at ATH,   that could be a bit scary and you must have some guts to have a hold of yourself it is always good to acquaint oneself with overall knowledge of market behavior of crypto before investing and - invest what you can afford to loss even though we don't want to loss , bottom line HODL is always a wise decision

[herrzinfakt]

The reason there are panic sellers are because they are casuals like you said. They are not well equipped with knowledge about crypto. They tend to believe whatever the news is throwing at them. Usually these people are lazy and can't be bothered to do some research and learn the trends of bitcoin. Most people just got into it because of peer pressure or people telling them stories of getting rich with bitcoin. They don't have any real interest in it.

[gerald246kru]

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.

This day of nearly 1 year ago the bitcoin price reached $ 4000, people panic and sell it. Then its value has increased so nearly 5 times, I think your advice is still worth so far now when again the bitcoin free fall again and people are selling off their coin

[jsrenthourse]

When the market is dropping more and more users are panicked and can not wait to wait, this is what makes bitcoin prices difficult to rise as last year and most speculators choose to get 1% profit rather than hundreds of percent by waiting.

Yes, everyone is scared and no one believes in the price of bitcoin when it's like junk. Its value increased by a few tens of percent in one night, very happy but also disturbing for the small whale shark

[Boh manok]

It is unfortunate if panic sales occur due to panic sales the price of bitcoin or altcoin will make the price of bitcoin and altcoin will be down and it becomes the biggest mistake in my opinion

[Gila uang]

I think People are freaking out selling because they are trying to reduce their losses without realizing that it would only hurt them not having a chance to regain what they lose if they did.
Panic selling is the inevitable thing that most people do. Unless you are an experienced trader or you really trust a great coin, you will not be involved in a panic.

[megatrix]

That is one of the problem that we are facing now, some of the investors here are just here and buying coins because they just want to gain profit. More often than not, they have heard or seen someone who gained something from crypto and now he is into it just to earn. Since they don't want to miss out anything, they are into it even without studying and learning the things necessary for them to handle their crypto journey well. That is why come some false news, FUDs and some market dips, they are the ones racing to sell all their coins and get out, which is the cause of the further drop of value.

[Silberman]

what panic, if all who in the market understand long ago what sooner or later the bitcoin will cost very much and a lot of money?) Behind this technology and it is strange to hear the future that someone sells the assets

Well, you will be surprised by the amount of people that have not understood that simple lesson, there are many people that sold their bitcoin when the price was crashing despite the fact that they bought it when the price was more expensive, this means they lost a lot of money, money they are never going to recover since they are not willing to hold bitcoin again out of fear that happens again.

[STT]

I dont think that whales profit more than regular people as a %. Of course they might profit more in absolute terms, but then again they loose more when it dumps.

A whale has the problem of size, they are the largest fish in the pool and in some sections of crypto that pool can be very small.   So if anything the odds are against them in being to outmanoeuvre the market, it should take more skill to do so.   However sometimes ICO give a discount to large backers for joining early and that kind of thing, theres no doubt some advantages.

Its Warren Buffet who has most famously spoken about this problem, the idea of having too much money its a problem and easier to become stuck in a position hence he focuses on the long term.  He says he could double a million 10x more easily then he can safely invest a billion and still get a good return.   All the same he manages it, I think he knows how to handle that weight  

[CryptomartN]

Most persons who have hurriedly sold their Bitcoin at one point in time must have done that thinking it was the end for Bitcoin. I think most people are better aware now of Bitcoin.

[kodtycoon]

Panic selling will only regret and it is very ironic, if they can be patient and still trust the bitcoin market then they will still hold when the dump occurs, they should keep thinking about profit that have been planned at the beginning in order to be able to be patient to sell.

[privedvelosiped]

The cryptocurrency market is a system in which only those who are patient and have the opportunity to wait for the price to recover survive. A lot of people think that bitcoin is a pyramid that is collapsing now, so they sell bitcoins at a loss. Rumors are raising bitcoin, and collapses its price and create panic among beginners.

[bengsabeng]

it is their right because they sell their own bitcoin, they are free to sell their bitcoin at any price. but that will only make the bitcoin price go down.

[erikoy]

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 of this moment i guess that there are many panic seller because bitcoin market price gone strong a while ago but then it does fall so fast and now were heading back to the baseline of bitcoin market price. I do not really know if this is because of panic seller of there is manipulating the market price for bitcoin in preparation for the upcoming months for bitcoin market price to soar high.

[Henry Sy]

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.

Actually, if we want to have a big profit. Let's try to control the supply of the coin so that it will increase the price if the investors demand on that specific coin. Please don't panic sell. Try to wait and hold your coin first.

[Dewao]

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.

Actually, if we want to have a big profit. Let's try to control the supply of the coin so that it will increase the price if the investors demand on that specific coin. Please don't panic sell. Try to wait and hold your coin first.

Yeah all you need is to keep calm and wait until your coin will pump, it can really happen if you invest your money at a potential coin. That is the reason why need to check first the platform and the roadmap of the coin, to know if it's potential .