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Author Topic: DON'T DO PANIC SELLING !!!  (Read 8951 times)
RenBct
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January 23, 2018, 09:43:35 AM
 #821

Yes, this is really true, I panic sell once and it did affect my bitcoin price, then I purchase again but the rate of buying and selling really huge so it gonna effect the value of money. Sad.

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January 23, 2018, 09:44:52 AM
 #822

i only do panic hodling, we have to be patient. it`s not really unnormal that we see a correction after this december run... everything else would be unhealthy
Sled
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January 23, 2018, 10:12:09 AM
 #823

i only do panic hodling, we have to be patient. it`s not really unnormal that we see a correction after this december run... everything else would be unhealthy
This price correction is normal like you said and this is required in order to balance things up. We should also be thankful that there is a correction for the price because if we will not have a correction then we cannot buy some cheap bitcoins right now and we cannot also buy some lowered price altcoins in the market which is great for long term also.
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January 23, 2018, 11:37:13 AM
 #824

i only do panic hodling, we have to be patient. it`s not really unnormal that we see a correction after this december run... everything else would be unhealthy

That's the only way you need to hold your coins and be patient. Well it is normal they trying to corrections or going to be balance because we are so waiting for the coins will going be dump because we want to a coins be going to a cheap price.
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January 23, 2018, 11:44:33 AM
 #825

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...




That's the real problem in our generation today, lot's of people are doing panic buying and selling, they really don't know that it affects the cycle of cryptocurrencies, the more you sell your asset the more the demand will get lower that is why it's affecting the value as well, it should be balance and well played, some other newbies like me don't really know how to handle and what is the best time to sell or to holdbit, but as of the mean time lota of people are selling their stuff because it affects their asset, they think it will not be domino effect to other holders.
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January 23, 2018, 11:47:49 AM
Last edit: January 23, 2018, 04:03:14 PM by mindrust
 #826

If you went all-in at $15k+ It is very hard to stay calm.

If you can endure the pain like those who did in 2013 after GoX, I am sure you'll be laughing when btc hits $100k

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January 23, 2018, 11:56:31 AM
 #827

if I had more money I would have bought bitcoin while it fell, but alas Undecided

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January 23, 2018, 12:05:30 PM
 #828

If you went all-in at $15k+ It is very hard to stay calm.

If you can endure the pain like who did in 2013 after GoX, I am sure you'll be laughing when btc hits $100k

I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years

Such crap will never be used in payments.

Its funny to observe how uneducated shill trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.
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January 23, 2018, 12:11:14 PM
 #829

Much of the panic I think is caused by some who got in later than others if they had bought in the tail end of last year thinking bitcoin will rise and rise then yes they are going to panic when they see how much they have put in dwindle to a lower amount. Bitcoin and crypto currency is a marathon not a sprint.

Kanda Yu
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January 23, 2018, 12:15:25 PM
 #830

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 agree. Not just because bitcoin is falling down right now, we should do panic selling already. There's still a possibility that the value will rise again so just hold and wait for the pump. Many people has already ended up being disappointed and regretful after doing panic selling that's why you should think about it carefully first before panic selling. Be smart in everything and always be careful.
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January 23, 2018, 12:26:18 PM
 #831

there are also people who take advantage from "panic sell", they buy Bitcoin when the price actually goes down,
then sell it when Bitcoin price goes up a bit (short-term trading),
from now on I will not "Panic Sell" when Bitcoin price goes down, instead I will take advantage from the "Panic Sell"  Cheesy Grin

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yuukireit
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January 23, 2018, 12:35:44 PM
 #832

is better to waiting
if selling in the time like this that was the same to get lose too
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January 23, 2018, 01:23:24 PM
 #833

Much of the panic I think is caused by some who got in later than others if they had bought in the tail end of last year thinking bitcoin will rise and rise then yes they are going to panic when they see how much they have put in dwindle to a lower amount. Bitcoin and crypto currency is a marathon not a sprint.

Lol. Yeah that meteoric rise of btc last december got everyone hyped up and a lot got stuck in  the 16-18k levels when btc plunged dramatically end of the year. I don't think there are many from those people who rode the hype, that still keeps their btcs though. They may have sold at a loss believing it's the end. That's why its important to make your own research instead of jumping on hypes.

 
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January 23, 2018, 01:38:14 PM
 #834

Will being a newbie in trading and crypto currency my first thought is to sell my coins to prevent prolong loss due to prices is dropping down continuously but my friend keep advising me to hold on and everything may back to normal
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January 26, 2018, 01:01:00 PM
 #835

Well its not exactly panic selling - selling during the dip and buying its low is pretty good way to save yourself some money.
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January 26, 2018, 01:20:08 PM
 #836

Be practical if you think your gonna lose then dont do some reason that will led you to loses. You can still trade on a dip but ne ready for the incomming risks.
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January 26, 2018, 02:54:16 PM
 #837

Well its not exactly panic selling - selling during the dip and buying its low is pretty good way to save yourself some money.

Yes for me we should dont do panic selling because doing panic selling may result a big loss for us, and for me we should do trusting and holding our coins before we should sell it.

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January 26, 2018, 03:12:39 PM
 #838

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 strongly agree, before investing in bitcoin we must understand the risks that will occur, such as bitcoin prices are always volatile. So we must be ready to be patient in waiting for a suitable price. so it could have an advantage. Panic traits will only lead to losses for investors.
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January 26, 2018, 07:17:46 PM
 #839

The panic selling of the bitcoin is very dangrous for our economy, We make investment in bitcoin for the perpouse of the benefit , we hope that we will make our dream full with bitcoin but when we make panic selling we lose all our dreams for which we make investment, If we hold our bitcoin and wait till the value agains pumps we will not lose our dreams. So the panic selling of BTC is not good.
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January 26, 2018, 10:19:05 PM
 #840

The panic selling of the bitcoin is very dangrous for our economy, We make investment in bitcoin for the perpouse of the benefit , we hope that we will make our dream full with bitcoin but when we make panic selling we lose all our dreams for which we make investment, If we hold our bitcoin and wait till the value agains pumps we will not lose our dreams. So the panic selling of BTC is not good.
Panic does not happen to those who are smart enough, only weak hands panic and that is the reason why whales continue to accumulate
cheap coins which in the long run they can sell for a higher prices as eventually bitcoin will rise especially when there are a lot of good news to come.

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