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Author Topic: How to Stop New Trader from Panic Selling?  (Read 1114 times)
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September 15, 2017, 12:57:56 PM
 #21

all will end when the issue that destroys the bitcoin price is lost. because I think the person who made the issue is smiling while accommodating the bitcoin price at the low price. the panic will be over soon after the issue is gone, all we have to do is calm down and nothing else.

We can not control people from selling their bitcoin it is their own decision and belief and that is their bitcoin, but we can surely put a good fight with this by just posting only positive things that may happen to bitcoin because right now the price drops a very significant price a very huge price to be exact, Predicting this kind of drop was very crucial, but we can surely see it in the news right now.

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September 20, 2017, 06:59:56 AM
 #22

we could not

this is about the mentality and purpose of invest in Bitcoin

IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything

Buy and Sell is the nature of Trader

Therefore the key is attract new believer instead of trader

I agree with you, new traders are usually looking at short term wins. Seeing a drop will make them scatter.
A small FUD created by anybody makes them feared of loosing money because there is nobody to tell them the big profit ahead so they act what they listen.

they are not strong believer
leave them alone

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September 20, 2017, 07:11:33 AM
 #23

we could not

this is about the mentality and purpose of invest in Bitcoin

IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything

Buy and Sell is the nature of Trader

Therefore the key is attract new believer instead of trader

I agree with you, new traders are usually looking at short term wins. Seeing a drop will make them scatter.
A small FUD created by anybody makes them feared of loosing money because there is nobody to tell them the big profit ahead so they act what they listen.

they are not strong believer
leave them alone

I don't like the notion of being a "believer" because it makes bitcoin sound like a cult Cheesy
in any case I actually find panic selling a good thing. because of two things, one is that when they panic sell and price comes down, it creates a good opportunity for the rest of us to pick up some cheaper coins and make a good profit and also I like it because it cleans the market from weak hands which is usually called "shaking them out". it makes them go away or learn from their mistakes. in both cases it will be good for the market.

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September 20, 2017, 07:23:00 AM
 #24

No one can stop the trader from selling off his stash of coins. The only thing we can give them is advise. But if they are really stubborn and wish to panic and sell because they see that their investment is going down. Actually, during panic and dipping of price, is it much better to buy instead of selling.

we could not

this is about the mentality and purpose of invest in Bitcoin

IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything

Buy and Sell is the nature of Trader

Therefore the key is attract new believer instead of trader

I agree with you, new traders are usually looking at short term wins. Seeing a drop will make them scatter.
A small FUD created by anybody makes them feared of loosing money because there is nobody to tell them the big profit ahead so they act what they listen.

they are not strong believer
leave them alone

I don't like the notion of being a "believer" because it makes bitcoin sound like a cult Cheesy
in any case I actually find panic selling a good thing. because of two things, one is that when they panic sell and price comes down, it creates a good opportunity for the rest of us to pick up some cheaper coins and make a good profit and also I like it because it cleans the market from weak hands which is usually called "shaking them out". it makes them go away or learn from their mistakes. in both cases it will be good for the market.

Exactly. It creates a perfect opportunity to new investors to enter the market to buy cheap coins. That's why I said that its better to buy then sell during panic. And its a hard lesson for newbies who have sold and later the price recovered regretting their decision. And next time when another panic occurs, they wouldn't make the same mistakes.

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September 20, 2017, 07:24:59 AM
 #25

I think we really can't help newbies to panic its normal for them to do that especially when they think that they are already losing money. Panic selling when you're a newbie is part of the game that is why people love to create FUD to attract newbies and let them panic.


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September 20, 2017, 07:30:00 AM
 #26

For brand new people I would suggest that they use something where they have nothing to lose like a bitcoin faucet.

The super old investors I think will continue to hold for similar reasons compared to newer people...they got in for pennies on the dollar.

It's the mid term/ risky/scared people we're worried about. I would say remind them of the benefits. Bitcoin is a closed finite resource that will only get more rare. Many of the people hating on it are at the same time buying into it so they want the price lower. The premise of bitcoin is in fact not to get rich. The list goes on.

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September 20, 2017, 07:35:23 AM
 #27

It is clearly seen in recent weeks that News channels, newspapers and social media create a big panic in crypto market. This is may because of New investors in crypto market who dont have connection with old traders of crypto. SO what is best way to connect them with cypto market epxperts so that they cannot be caught by Common media created FUD like recently every where news that BICOIN IS A BUBBLE.


There is a default code that when you entering into a new line of trade or business, there is need to understand the proper code of conduct as what is applicable in some other places, could be an abomination is another sphere.

This is clearly to new traders to always do their research well before going into bitcoin in which if they had done, there wont be need for the cry of panic trading at the end in the process of being smart, they are actually taking a less smart decision which makes more money for those already in the game but the  part that got me worried, is that only few stay long enough to understand the cost of their decision.

There is hardly nothing to be done since we cannot control the media, neither can we stop people from posting several FUDs but what we will do is to always encourage a proper understanding of how bitcoin works before delving into it.

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September 20, 2017, 07:44:14 AM
 #28

The amatuar or new traders should be allowed to lean they lesson in cryptocurrency trading through experience and sacrifice. Panic is the greatest enemy of every new traders and the only way to killed it completely is through experience. Many new traders that buy bitcoin at $4600 sell it at $3000! Time will come in they trading life that they will know that the principle of successful trading is buy at lowest price and sell at highest price and not the other way.

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September 20, 2017, 07:57:06 AM
 #29

It is clearly seen in recent weeks that News channels, newspapers and social media create a big panic in crypto market. This is may because of New investors in crypto market who dont have connection with old traders of crypto. SO what is best way to connect them with cypto market epxperts so that they cannot be caught by Common media created FUD like recently every where news that BICOIN IS A BUBBLE.


As 0930AM said, we could not, they do it for their own interests, to fill up their immediate wants.

we could not

this is about the mentality and purpose of invest in Bitcoin

IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything

Buy and Sell is the nature of Trader

Therefore the key is attract new believer instead of trader


I agree with what you said, truelly they are new opportunist, they don't know how trading works, they sell at most times not with panic but for their own wants.

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September 20, 2017, 07:58:41 AM
 #30

The amatuar or new traders should be allowed to lean they lesson in cryptocurrency trading through experience and sacrifice. Panic is the greatest enemy of every new traders and the only way to killed it completely is through experience. Many new traders that buy bitcoin at $4600 sell it at $3000! Time will come in they trading life that they will know that the principle of successful trading is buy at lowest price and sell at highest price and not the other way.
I think as well that this is a process people have to go through when they start trading.
People experience an unfortunate situation (bitcoin loses value, they lose money) and they want to get out of it.
The fastest way to stop losing money is to sell.
And with their lack of experience they don't see that after bitcoin has fallen, it has recovered every time.
With time they get used to the fact that the price does not always go up. They stay calmer.

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September 20, 2017, 08:03:05 AM
 #31

You don't get to sell twice, when you sell and the market moves then moves against you.

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September 20, 2017, 08:03:40 AM
 #32

We have a group in fb and everytime an FUD is actively spreading, we always remind them to hodl. Unfortunately, even with our excessive reminders, newbies will still dump because of fear. Fear works differently and we cannot control the newbies. They need experience to recognize FUD and avoid dumping.

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September 20, 2017, 08:07:40 AM
 #33

New traders are not used to the volatility of BTC. I'd suggest setting goals before you start trading and follow these. If you start without a plan you will panic after you see 30% of your holdings evaporate in a matter of hours.

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September 20, 2017, 08:09:56 AM
 #34

I think it can not, because it is natural, and I was first like that panic when price down, then from that I learn, how to think and anticipation if the price down,

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September 20, 2017, 08:10:58 AM
 #35

Practically, You can't

They are afraid on their money & even if you show them hundreds of charts showing dumps & pumps, they will get panicked & sell on their first deep dump

It's a learning curve they have to go through (the majority of traders did the same thing somehow)
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September 20, 2017, 09:05:09 AM
 #36

I think before you start trading first which is very important to have an understanding of the structure of the market, we must know more about it, and technical analysis can help you find potential Does the market below the accumulation or distribution, it means we have the knowledge to sell and buy. I think this would be a provision for the novice trader to avoid going to panic sell.

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Wingo
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September 20, 2017, 10:00:52 AM
 #37

Convince them not to worry and believe that bitcoin can survive these circumstances. Being patient is the key to gain something on an investment especially from bitcoin. There are many possibilities and chances that bitcoin's price will rice than it would fall. It is too hard not to be affected by emotions but it is what someone needs to avoid in things like these.

treather
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September 20, 2017, 10:03:06 AM
 #38

It is clearly seen in recent weeks that News channels, newspapers and social media create a big panic in crypto market. This is may because of New investors in crypto market who dont have connection with old traders of crypto. SO what is best way to connect them with cypto market epxperts so that they cannot be caught by Common media created FUD like recently every where news that BICOIN IS A BUBBLE.


You cannot stop people from being people. Let them panic, and if you can afford it, take advantage and buy up as much cheap coins as you can. China is only 10% of the market, the world will move on without them.
BTCLovingDude
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September 20, 2017, 10:17:55 AM
 #39

It is clearly seen in recent weeks that News channels, newspapers and social media create a big panic in crypto market. This is may because of New investors in crypto market who dont have connection with old traders of crypto. SO what is best way to connect them with cypto market epxperts so that they cannot be caught by Common media created FUD like recently every where news that BICOIN IS A BUBBLE.


i have actually seen the same thing in other markets too. the news always affects the price. for example some natural disaster (i think it was flood) caused a big increase in HDD prices because the manufacturer was in that country!

the thing is, when the market is small and full of panic sellers, the news can affect it a lot. but when it becomes bigger, lets say something like Forex, USD price won't tank 50% in a week just because of some news but it certainly drops a lot because of some stuff.

loving bitcoin...
emuLOAD
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September 20, 2017, 10:22:39 AM
 #40

Hard drive and ram hikes after disasters were Not emotional they were pushed by actual damage to the supply Chain.

Anyhow, answering the oroginal question, panic selling is part and parcel of what males bitcoin so valuable
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