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Author Topic: DON'T DO PANIC SELLING !!!  (Read 1971 times)
Nisharawal
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October 12, 2017, 02:21:05 PM
 #81

Yes i agree with you,  Smiley you said it right my friend. The right way to make money from bitcoin is from holding it right from the entry till it reach the new record high and not from entering in and out within few days of trading. By holding, you give the bitcoin price some enough time to adjust the trader emotions and accumulate it in big quantity and then be ready to bounce higher. Whereas in short term trading you expect the rise, right after you buy the bitcoins, which i think is not good for long term investor's . So let's hold the bitcoin for long term and make some big money.

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October 12, 2017, 02:29:42 PM
 #82

Don't do panic selling. Don't do panic buying. Don't do panic trading. Don't do anything when you are in panic. When you are under the control of your emotions, the wisest and safest thing to do is to withhold your action pending a rational resolution of your thoughts. You will not benefit from it. Well, at least you are giving a chance to others who are waiting for panic movers to dump their coins.  Wink

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harizen
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October 12, 2017, 02:48:42 PM
 #83

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...



finally the price of bitcoins is increasing and was becoming more stable but !

Bitcoin price isn't stable since inception and likely never be will because of investment purposes. Smiley


Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...


For an average bitcoiner, dumping coins is really not a wise move since honestly they only have few on hands. Bagholders are the one who is benefiting when they dump since they can create a panic while taking a profit.

Now if an average bitcoiner believes that bitcoin is long term, they must continue to just hold and ignore FUDs on the way.

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October 12, 2017, 02:57:59 PM
 #84

Don't do panic selling. Don't do panic buying. Don't do panic trading. Don't do anything when you are in panic. When you are under the control of your emotions, the wisest and safest thing to do is to withhold your action pending a rational resolution of your thoughts. You will not benefit from it. Well, at least you are giving a chance to others who are waiting for panic movers to dump their coins.  Wink
Emotions has been the worst enemy of investors and the hard thing about it is that they don't even recognize it on their selves. You sometimes sell things in thinking that would be a rational thing to do but the real reason was that you got afraid of what happened if you don't. So you have to deal with what is currently happening and HODL on it and think the real rational thing to do or otherwise.

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October 12, 2017, 03:33:40 PM
 #85

Yes, of course, dont panic these altcoins return back in the high price you have just wait and sold when the price will go up.

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October 12, 2017, 04:11:28 PM
 #86

I will not be panic selling either. A quick analysis on coinmarketcap will tell us that the risesnand falls in the market is normal, so there really should be no panic
Even in forex markets, they are normal. Fiats value are always fluctuating and bitcoin being a digital currency is not different except that it has higher volatility. However, a little knowledge of history should be enough to make anyone control their feelings understanding that the market cannot always keep moving up or down as there will always be resistance and support respectively to make corrections.

 

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October 12, 2017, 04:18:57 PM
 #87

It's not panic selling, they just dont want to miss the train again again and cash in on this Bitcoin Gold. This is like deja vu, when Bitcoin cash was introduced, price soared and those who did not receive BCC bought BCC even at price when it reached its peak, but look at BCC now? The only one who wins here are those whales who can manipulate the price of coins. Hodl if you have no need for cash or fiat. 

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October 12, 2017, 04:26:44 PM
 #88

It's not panic selling, they just dont want to miss the train again again and cash in on this Bitcoin Gold. This is like deja vu, when Bitcoin cash was introduced, price soared and those who did not receive BCC bought BCC even at price when it reached its peak, but look at BCC now? The only one who wins here are those whales who can manipulate the price of coins. Hodl if you have no need for cash or fiat.  
Yes, If you already need cash and thinking that the price of bitcoin is so much high than you need, you must do sell it and not to hesitate, because if you wait for the price to become more higher, you will regret that it will dump.

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October 12, 2017, 04:30:36 PM
 #89

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...


if someone could be patient with the term long usually in the benefit will be more but if someone is not at all have the ability to patience will definitely make panic every price bitcoin down.

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October 12, 2017, 04:32:43 PM
 #90

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...



If we are talking about bitcoin, according to what I've read, then definitely its a hold for me, I think, those who panic sell are those who just bought bitcoin hoping for an easy cash. They never really intend to use bitcoin, but just to make money out of it.

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October 12, 2017, 04:33:27 PM
 #91

It's always the same "problem". Will you take what you can get today or wait to maybe have more tomorrow (taking the risk to also get less) ?
It's a question of greed / pleasure to play / self-confidence and it depends on what your strategy is Wink
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October 12, 2017, 04:54:36 PM
 #92

Don't do panic selling. Don't do panic buying. Don't do panic trading. Don't do anything when you are in panic. When you are under the control of your emotions, the wisest and safest thing to do is to withhold your action pending a rational resolution of your thoughts. You will not benefit from it. Well, at least you are giving a chance to others who are waiting for panic movers to dump their coins.  Wink
Emotions has been the worst enemy of investors and the hard thing about it is that they don't even recognize it on their selves. You sometimes sell things in thinking that would be a rational thing to do but the real reason was that you got afraid of what happened if you don't. So you have to deal with what is currently happening and HODL on it and think the real rational thing to do or otherwise.

The advice given by the OP is excellent and well-pointed out but when it comes to actual scenarios, it is easier said than done. It is inevitable for an individual to panic especially when his/her initial investments are on the low-ends of the straw, they might think that withdrawing their coins to prevent further damage might be the suitable choice. It also depends on the investor's goal whether his/her investments are for short-term and long-term only. If the investment is designed to be for long-term, then that wouldn't be a problem to him compared to short-term investments.

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October 12, 2017, 04:55:06 PM
 #93

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...


You think traders are listening you?

This is best time to earn some decent profit by selling off Bitcoin and then buying back at dip which must be happening in some days as minor correction. These uptrends provide traders with the opportunity of profit.

You think Bitcoin won't FOMO?

You ll find many here who will be selling their holdings because of fear of missing out and they will be the one who might bring a dip. That is why it is said after Bitcoin touches ATH, there is always a correction.

But right now many will not sell their holdings as Bitcoin Gold fork is approaching and everyone is waiting for their free BTG. Both of the above things are expected to happen after fork.
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October 12, 2017, 05:02:00 PM
 #94

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...


Yes, I definitely agree with you mate! Those people who panic sell are mostly the negative ones. They easily think that bitcoin will collapse just like that. Well as for me, I do believe that there is hope in bitcoin. My only hope to achieve my dreams and goals. I will still continue to hold and use bitcoin today and tomorrow and for the coming years. I know someday I will have this financial freedom I long to have.

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October 12, 2017, 05:03:40 PM
 #95

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...
if someone could be patient with the term long usually in the benefit will be more but if someone is not at all have the ability to patience will definitely make panic every price bitcoin down.

Panic sales also apply to benefit from repeat purchases afterwards, not everyone gets caught up in panic, they just enjoy their role as speculators. Most beginners experience it but I think they will change as experience increases. We should not always think negatively about the sharply decreased fluctuations.


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October 12, 2017, 05:11:00 PM
 #96

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...
Despite price rise, it is not yet Uhuru for the Bitcoin. Every old member of this forum knows that the price surge is because of the fork ahead having witnessed that in August and how good it turned for holders. So, people want to hold bitcoins now and claim the expected bonus after the fork. I don't see any retrace before the fork. More people want to buy than they want to sell. Demand is high. So, price will continue to surge. However, there will be immediate dumping as soon as the fork is over.



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nidacoinlove
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October 12, 2017, 05:14:54 PM
 #97

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...


The price is decreasing no but it is not decreased to a level to create any panic at the moment. I think foreign those people like traders it is an opportunity when the price starts to drop, they can sell it at a high price in the initial stage of the drop scene and can buy back at a good price for them which is cheaper than the earlier price. For a common user selling at a lower price is not a healthy activity.

n691309
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October 12, 2017, 08:14:29 PM
 #98

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...
I believe anyone that has not learned that till date apparently will not be able to learn again. Most market controllers called whales are always using the news and media to make gullible people to quickly dump their assets so they can buy at a lower price and make huge profit, so anyone who deemed it fit to still panic sell, and dash them their hard earned money, that is their cup of tea.


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thend1949
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October 12, 2017, 08:36:27 PM
 #99

Don't do panic selling. Don't do panic buying. Don't do panic trading. Don't do anything when you are in panic. When you are under the control of your emotions, the wisest and safest thing to do is to withhold your action pending a rational resolution of your thoughts. You will not benefit from it. Well, at least you are giving a chance to others who are waiting for panic movers to dump their coins.  Wink
Emotions has been the worst enemy of investors and the hard thing about it is that they don't even recognize it on their selves. You sometimes sell things in thinking that would be a rational thing to do but the real reason was that you got afraid of what happened if you don't. So you have to deal with what is currently happening and HODL on it and think the real rational thing to do or otherwise.

I think so that investors really don't determine that their emotions over powered them by means of panic decisions,  just like what happened with china's banning speculations. Actually those who panicked had regrets behind the scenario of bitcoin's recovery on it's value. Somehow it urges lot of investors to invest behind the fact that price will really pump and pump of its value lately. Now were on the speculated $5000 and yet its happening into reality now.

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player514
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October 12, 2017, 09:42:51 PM
 #100

Hey everyone Smiley

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...
I believe anyone that has not learned that till date apparently will not be able to learn again. Most market controllers called whales are always using the news and media to make gullible people to quickly dump their assets so they can buy at a lower price and make huge profit, so anyone who deemed it fit to still panic sell, and dash them their hard earned money, that is their cup of tea.

I actually disagree with you.I think panic sellers got their chance to learn from the China incident and they most probably did learn from those mistakes. For now, people are buying and not selling; that's what's driving the price up. We can be sure that the next time a government tries to regulate the Bitcoin market, the community will definitely hesitate to sell. The power of bitcoin comes from us -- the holders.

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