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Author Topic: DON'T DO PANIC SELLING !!!  (Read 8888 times)
joinfree
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January 21, 2018, 08:22:25 PM
 #801

I did, and i sold them all at $19,000 each one of them, and i used all that money to buy more bitcoins when it dropped to $13,000..

So i made $6000 for each one of them, and i bought a whole bitcoin with that money when it dropped.
Well I wish I sold my Bitcoin when it was very high. Now, it has gone so low that if I sell, I would make a loss. I just hopes it recovers soon so that I can make some profit.

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January 21, 2018, 08:35:29 PM
 #802

I agree. We will never make the right decision if we will panic. Also, it doesn't make any sense to sell your coins at the low price so its only natural that majority of coinholders will wait for price increase. The only holder selling coins today are the ones who needed to convert their BTC to cash. They will hold for as long as they can, some will just wait for December 2018, the expected price increase of bitcoin. Traders already know how to play safe and minimize the risk so there is nothing to worry about.

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January 22, 2018, 12:04:41 AM
 #803

for me its ok the price of btc now at $11,541.50 even before they hit almost $18k right.. before its good for stable rate now.. for other altcoin they not panic in price even if low or high.. if btc is going high price in very fast like before.. to many peoples are getting mad in other alts because if btc is high of course all other altcoin its going down..
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January 22, 2018, 01:45:34 PM
 #804

This is the basic rule of trading.Dont do panic sale.When everything is red and going down and down,that is right time to buy or invest more in crypto currency.so don't do panic sale never

When you panic that only shows that you are emotional and you lack of knowledge.
Trading and investing requires a high intelligence and panic is one big hindrance why a trader will not succeed, you cannot execute your game
plan if you are weak emotionally, you have to strategic to ensure a success, this is not a game where you can correct your mistakes and still have your money back.
I strongly agree on you i believe that the person who do panic selling is really luck of experience on the cryptocurrency feild and they are really luck of patience and i believe that they can really incounter many looses than profit becaus panic selling is really a bad thing  and it is really a wrong decision that can really make our investment loose.
Panic selling is for some reason. Now I can see news about the suppression of bitcoin by governments in almost every country. Speculators are also affected by these news. And now China is going through the Spring Festival. Many investors are also Selling the hands of bitcoin, these factors add up, many people will be panic selling. Grin
Well each and every country is important for bitcoin because with each acceptance bitcoin grows and it is true that price of bitcoin will be high if more people will buy bitcoin. In china people who are using bitcoin even if it is ban by government it is because high value in this spring festival value of bitcoin will be more than double. I hope this winter price will be more than double not good to sell it for sake of small time benefit. I know bitcoin will not stop growing at any cost.
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January 22, 2018, 02:24:21 PM
 #805

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...


not just in bitcoin but about all of the coins here in crypto,never panic instead stay holding,and if you cant resist your feeling about selling the coins even loss?better close the market site so you have no access on value .in that way your mind will rest and you may think of planb.

Panicking makes those users fail in trading or even in holding.coz when they saw the big drop of their coin,what they do is seel them instantly without anticipating the growth after the drop.
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January 22, 2018, 03:01:48 PM
 #806

Totally agree. Keep calm and hold on to it. Bitcoin will surely recover, but when people do sell them due to decreasing value, everyone would think that btc is going down and would literally decrease its value. Since we, the patrons would stop believing in btc.
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January 22, 2018, 07:14:32 PM
 #807

Yes right, we should never panic under any circumstances, because in panic then we will not get the best decision so that will make us regret someday.

Panic selling are the actions of impatience people who doesn't have knowledge and experience in trading or investing. They are out of their mind in taking such actions without a proper plan. Also, a person on his right mind will only follow his well designed strategy when is the right time to exit all of his investments. However, there are circumstances that you also need to panic sell, not with Bitcoins, but with Altcoins or Tokens that are on the verge of going down and will turn into a dead coin that doesn't have any value at all. We all don't want that to happen, so there's no choice but to sell them all out until they will turn into garbage.

Sometimes panic selling saves you money. If you sold when the price dropped from $19000 to $15000, then you're currently up $5000 per coin than if you continued to hold now that the price is at $10000. By panic selling then, you then have the option of buying back in now that it is at $10000 if you think the price will recover, whereas you may have not been concerned about the price recovering if you just held, but now you can make more money riding the price back up.

I'm not saying panic selling is a good thing, but saying panic selling is a bad thing is demonstrably false, as are many absolutist statements. There is an opportunity cost to every action.

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January 22, 2018, 07:25:54 PM
 #808

the price will not always be high there is a period where the coins will go down and many people can not hold good so they sell it when the price falls and it is very unfortunate

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January 22, 2018, 07:43:58 PM
 #809

Again another time of full of reds.
This became monthly and like a menstruation period.  Grin
I dont like it but we have to live with it.
Still holding until a good time comes where we it will be all green as the forest.  Grin
HODL!!!

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January 22, 2018, 07:51:03 PM
 #810

It is true the price is going up and down but it is stable now and the price now is already higher than before, we will not sell all our bitcoins. Lets hold some and if we need money sell some. but what about the wallet hackers? that is another fear why most of us do panic selling.
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January 22, 2018, 08:02:35 PM
 #811

Actually fluctuation of prices is part of trading and cryptoworld so just focus on goals which you have set and do not panic yourself.Once you feel you meet the maximum profit sell out.
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January 22, 2018, 08:32:34 PM
 #812

Well one can not really stop people from panic selling when they see the price going down but my advice is don't rush into panic selling, always take your time to study and understand how bitcoin market works. It is very volatile so at that one need to be very patient and wait, the price may be down today and rise again the next day that is how bitcoin works. So don't sell because of a sudden fall in price you will always lose.
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January 22, 2018, 08:42:05 PM
 #813

Well one can not really stop people from panic selling when they see the price going down but my advice is don't rush into panic selling, always take your time to study and understand how bitcoin market works. It is very volatile so at that one need to be very patient and wait, the price may be down today and rise again the next day that is how bitcoin works. So don't sell because of a sudden fall in price you will always lose.

Correct.
There is a panic where one can control it.
Not selling yet and still waiting for more. But he or she is already ready to press that button to sell.
There is always 1 step before that push.
If you can somehow control that then it could be a good idea to hold it for a little longer.
As of now, a lot may have lost for everyone with altcoins but this is not yet the end.
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January 22, 2018, 08:47:10 PM
 #814

Yes right, we should never panic under any circumstances, because in panic then we will not get the best decision so that will make us regret someday.

Panic selling are the actions of impatience people who doesn't have knowledge and experience in trading or investing. They are out of their mind in taking such actions without a proper plan. Also, a person on his right mind will only follow his well designed strategy when is the right time to exit all of his investments. However, there are circumstances that you also need to panic sell, not with Bitcoins, but with Altcoins or Tokens that are on the verge of going down and will turn into a dead coin that doesn't have any value at all. We all don't want that to happen, so there's no choice but to sell them all out until they will turn into garbage.
Indeed. I totally agree with you. Panic selling of their Bitcoins was really a movement or action done by those who are just new with this type of currency which is cryptocurrency. Just with the reason that Bitcoin was really volatile in a manner and also in nature, we must not do that panic selling because you will be missing out a great opportunity of gaining a large pump equivalent with your holding quantity right now and you will surely regret it on the time you have realized that you must hold it.

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January 22, 2018, 08:55:57 PM
 #815

Actually fluctuation of prices is part of trading and cryptoworld so just focus on goals which you have set and do not panic yourself.Once you feel you meet the maximum profit sell out.
But most people will never understand that, since everybody in here is blind because of money, they just want to make as much as possible and that is why we have so many panic sellers in here. Just relax, because it has been happening for more than years.

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January 23, 2018, 03:07:22 AM
 #816

Actually fluctuation of prices is part of trading and cryptoworld so just focus on goals which you have set and do not panic yourself.Once you feel you meet the maximum profit sell out.
But most people will never understand that, since everybody in here is blind because of money, they just want to make as much as possible and that is why we have so many panic sellers in here. Just relax, because it has been happening for more than years.

Panic selling is a crazy move, meaning you do not fully understand your decision to invest in crypto.
This is not a traditional way of investment, we will have to accept the big risk because crypto market movement is more based on news.
When you invest, you have to make a deep research so you will not make a wrong decision, the information is very available so we should not be lazy.

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January 23, 2018, 03:50:35 AM
 #817

Price is declining, and making people more panicked. You will not get a good price, if you sell bitcoin in panic situation. Be patient and wait for the right time to sell bitcoin.
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January 23, 2018, 08:45:42 AM
 #818

Well, the real advice should be "Don't do anything when you are in panic"!
When you are under influence of a strong emotion, your rational mind shuts down and the chance to take bad - and expensive - decisions is very high.
Calm down, analyze the facts, and only them make the move.

I had a panic when the price of Bitcoin fell below $ 10,000. But the price was not fixed under the mark of 10,000 dollars and the panic retreated a little.
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January 23, 2018, 08:49:45 AM
 #819

Well, the real advice should be "Don't do anything when you are in panic"!
When you are under influence of a strong emotion, your rational mind shuts down and the chance to take bad - and expensive - decisions is very high.
Calm down, analyze the facts, and only them make the move.

I had a panic when the price of Bitcoin fell below $ 10,000. But the price was not fixed under the mark of 10,000 dollars and the panic retreated a little.
By this time staying out of panic is really not possible, because users could have left the ath expecting a large scale growth in the value and benefit out of the same based on the predictions that rolled out from experts stating that it'll go above 25000 and so on. Now when they find it less, surely they get panic and impossible to get rid of it.

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January 23, 2018, 09:07:40 AM
 #820

yes and remember Successful traders have to move fast. but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to hold to that strategy. In fact, it is far more important to follow your formula closely than to try to chase profits. There's a mantra among day-traders: "Plan your trades, then trade your plan.
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