creeps
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October 22, 2017, 11:02:15 PM |
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People who are emotional or a newbie in trading always panic when FUD spreads and lack of information push them to sell their btc. It's just a natural reaction for starters because I've also done this before but they will be able to sort this out when they gain more knowledge on crypto.
That's true people tend to sell on panic because of not ready on their trade and lack of knowledge well i don't trade with any speculation. I started my trading with so much knowledge simply because i don't want to loose my hard earned money so i have to be ready emotionally and financially on that time.
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Monta3002
Sr. Member
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Activity: 344
Merit: 257
EndChain - Complete Logistical Solution
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October 22, 2017, 11:18:43 PM |
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You can not control dumping it is natural with any coins, may be they really need money so they sell it in low price. Do not worry bitcoin always rising up
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btccashacc
Legendary
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Activity: 1120
Merit: 1000
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October 22, 2017, 11:19:39 PM |
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Well people have ultimate control over their bitcoin they can do whatever they want we can't force them to hold their bitcoin, yeah I've been in this situation when seeing the price drop and so panic I think it's better for us to manage and regulate the emotion. I respect those who bought in 1k dollars and not sell them even though the price crashed to the deepest now their sacrifice has paid off, we should learn from them.
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enwi
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October 23, 2017, 07:37:09 AM |
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Hey everyone 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... agree, do not panic sell if the price goes down because it will make you bigger loss better patient and wait price rise again and now bitcoin price keep going up
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Skyshark
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October 23, 2017, 08:05:32 AM |
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Hey everyone 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 think, this only applies to cryptocurrencies which are on the top of the market like bitcoin and etherium, but to some altcoins, panic buying might save what you have invested with. Coins like bitcoin is something that is for long term investment, it has a high chance of giving you a lot more profit than what you have in mind.
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Casdinyard
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October 23, 2017, 08:31:19 AM |
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Sometimes when people panic, they did decision wrong ,so avoid to panic guys. That's normal if the price down just relax ,wait and hold. I already got panic before but i never sell my coin i'll still keep holding on it.
Well people eventually will realize that. You probably will observe that most panic sellers are those that are new to btc. Once they've seen the recovery of bitcoin after a dip, they'll have more control the next time they see a price drop. It's normal as human to panic but after you feel panic, just calm and pick up your thoughts and don't trade when you feel that you're still in panic. And don't make panic a habit, learn to overcome every detail of it. Always trust and have a confidence that your coin will recover after it crashes. I think it is relatively easy to say "Don't panic" , but actually when we do panic then our emotions take over our mind and we take wrong decision. If someone invested more than he could afford to lose he would panic and take wrong decisions for sure. Well of course, it's easy to say that but every time that we see some red days in the market we can't help to feel some shivers in our body. And that's fine and don't over think things as we all know that this is always part of trading and we can't run away from it.
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Loremipusum
Newbie
Offline
Activity: 24
Merit: 0
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October 23, 2017, 08:47:59 AM |
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They need to study what bitcoin is. Than they would know what bitcoin actually is. BITCOIN IS UNSTABLE. This is why it can drop very hard and that it can go very high in one week.
For an example bitcoin was nearly 5k worth but in one week it fell to 3k. This means that its unstable.
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michkima
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October 23, 2017, 09:07:40 AM |
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They need to study what bitcoin is. Than they would know what bitcoin actually is. BITCOIN IS UNSTABLE. This is why it can drop very hard and that it can go very high in one week.
For an example bitcoin was nearly 5k worth but in one week it fell to 3k. This means that its unstable.
Yeah it is unstable but bitcoins are really under-priced even at this level of trading. The price is likely way above this, if there would be a great adoption then the prices will likely go up because of the level of demand for it and there is not enough supplies. This is unstable now because the demand and supply has not yet balanced out. If there is a lot of consistent demand, then likely prices will stabilize as well.
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haroldtee
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October 23, 2017, 09:19:12 AM |
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Sometimes it's hard not to panic and keep calm. But when the price falls it's a good chance to buy Bitcoin but not to sell it. Because in a few days the price will increase again and you will be very sorry. You have to be patient.
Honestly, for someone who is going to be holding for long, I do not see any reason why they should panic. Most people are just in this ride looking for the fastest ways to double their money and have no idea what bitcoin is even all about. Ask some people today to tell you what they understand about the blockchain technology, they will blab rubbish. However, if you understand the value of bitcoin and also understand the volatility after monitoring and studying the movement since the beginning, then you will see dips as blessings instead.
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zurc
Full Member
Offline
Activity: 275
Merit: 100
SOKOS.io
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October 23, 2017, 09:22:34 AM |
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You can not control panic selling it was made because of bad events happening just like when china banned bitcoin, they dumped it because of the situation
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Xetonica
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October 23, 2017, 10:17:00 AM |
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You can not control panic selling it was made because of bad events happening just like when china banned bitcoin, they dumped it because of the situation
Must better you know how to control your emotion, if you are not to know how to control it maybe when you going to trade some of your coins it well be make have mistake and you can have get only low price for your coins.
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Shutup
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October 23, 2017, 10:53:16 AM |
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Hey everyone 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 dont do panic selling just hold until the fork finish.l dont under estimate bitcoin because bitcoin promising price for this end of the year will be granted for sure.l am very sure because l prove it before.That this will gonna happen again after the fork,that the value will jump to $7000.So l feel relax.
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Kakawate
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October 23, 2017, 10:58:48 AM |
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Hey everyone 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, panic selling is actually good to some altcoins, but not to bitcoin, bitcoin is too strong to do a panic selling. In what I saw, whenever bitcoin goes on a down thread, it will make a come back by exceeding its last high price. So I think, panic selling only works on altcoins, and bitcoin is for keeps, long term investment.
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Odora
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October 23, 2017, 11:01:03 AM |
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I've never been a Panic Sell, even though when the price of Bitcoin goes down, Bitcoin's price will keep increasing year by year, although it will come on issues that keep Bitcoin's price down..
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eann014
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October 23, 2017, 11:12:35 AM |
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You can not control dumping it is natural with any coins, may be they really need money so they sell it in low price. Do not worry bitcoin always rising up
Yes, maybe they just really need money so that they are selling their coins. This coming hard fork we all know that bitcoin will dump but of course we need to accept that it is a reality. Bitcoin is really like that so we need to understand that it is part of being its bitcoin. I am sure that it will rise again and all of us will gain profit again after that.
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RayvenPierre
Full Member
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Activity: 182
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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October 23, 2017, 11:41:16 AM |
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Bitcoin's price dropping and decreasing is only normal. It is highly volatile and there is no guarantee when the price will increase or decrease. If you will be affected by the FUDs and do panic selling you'll just incur some losses. Just keep calm and hodl, the future for bitcoin is very bright.
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marukochanx3
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October 23, 2017, 11:48:30 AM |
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Hey everyone 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... Yeah , i know. This based from my experience , i do panic sell when the price decrease. When i see the price raise up , i feel i do some mistake , because im new on trading. But now , i just can hodl when the price up , and never do same mistake again.
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Theb
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October 23, 2017, 11:54:14 AM |
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Well it is easier said than done. When you are put to a spot where the traders see that their portfolio is red your emotions will overshadow your thinking making you have wrong decisions and often lead to messing up your plan. When you are affected psychologically it really won't help you as you will see that Bitcoin is really going down fast and you will always think that it is a game over for Bitcoin making them cut their losses. For me when to avoid scenarios like this you must observe the charts in order to know where the trend will go.
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tengek37
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October 23, 2017, 11:57:50 AM |
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I really agree with that statement because firstly, when we panic we will not be able to think clearly in taking a decision, calm is the key think what will happen after we do selling, second usually when all people do selling then according to my experience the price will reverse direction and start crawling back this you can use as a gap to take advantage by making a purchase at the bottom of the valley and sell it when on the hill. That is the trick to take advantage when the price conditions decrease.
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Xester
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October 23, 2017, 12:06:55 PM |
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I really agree with that statement because firstly, when we panic we will not be able to think clearly in taking a decision, calm is the key think what will happen after we do selling, second usually when all people do selling then according to my experience the price will reverse direction and start crawling back this you can use as a gap to take advantage by making a purchase at the bottom of the valley and sell it when on the hill. That is the trick to take advantage when the price conditions decrease.
Definitely. When we know the true value and potential of bitcoin we will not do any panic selling. Bitcoin price is volatile and we cannot say when will its price goes down. But the sure thing is that, bitcoin price will just keep on going high since seeing its price before and up until now. There were ups and down but comparing its price on its past years, bitcoin gives sure profit. I panicked sell before and will not again happen.
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