when you sell out of panic, you are contributing to the dump!

[bitcon]

Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!

It is true. However, the sad truth is that nobody is thinking about the market and the crypto society when selling his alts. People just think about their profit and the chance not to lose their money.

[Finestream]

Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!

The more that people actually go and do panic selling then the more that more people can join in and maybe even make cryptocurrency relevant again. Actually looking for more opportunities to buy in means that a price drop will happen and people actually panic selling which means other people can use this opportunity to go in the bitcoin stock column and make a name

Exactly.That's why i never suggest to all my friends to do panic selling especially in times like this.But honestly if you're really in their feet and especially they're still newbies,you can't really control your emotions not to sell because your big investment is at stake.But the result of that action will really lead to a more bloody market,seeing it in red while all the potential coins are dumping.

[gabmen]

Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!

It is true. However, the sad truth is that nobody is thinking about the market and the crypto society when selling his alts. People just think about their profit and the chance not to lose their money.

That's the problem. People easily get too excited when they hear about easy money. Back in december when btc was heavily pumping, many tried to get on the train blindly. Its only about the profit. They didn't consider that they're putting their money in a very volatile market. They probably don't know or don't care about the effects of what they're doing.

[Sled]

There are still a lot of people are selling their bitcoin because they want to get out from this crisis and a lot of people are now selling because they bought at the bottom and since the price of bitcoin goes up a little bit, they are selling. I don't think that they will succeed because they are not having a step toward success because as long as they are dumping for this price of bitcoin their own ship of success is sinking.

[Xising]

There are many speculations about the root cause of bitcoin dumps. Those factors can be true and have an impact on bitcoin volatility. However, if the majority panic sells at the slightest decline, the impact would be catastrophic. This is where patience comes in for it simply needs time to recover. Panic selling would just do more damage.

[0t3p0t]

Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!

Yeah sad reality about cryptocurrency since there were two different kinds of people a dumper and a hodler and they are the factors affecting the flow of market and most of all they gave life to the blockchain technology. If all people are hodlers the word "late" is something that we should never do because going early does make more sense and is also a big deal but through these dumpers we can play with the market and the word "late" doesn't matter. We can never stop these dumpers because we don't know their story behind. Either they dump because of an emergency or they are just playing the market just like what day traders do.

[niteroy]

Whatever laws the states of different countries of the world accept, the price of bitcoin is more influenced by the demand for bitcoin and if many sell their bitcoin succumbing to panic, then we will continue to see the price drop. It should be borne in mind that bitcoin has a strong volatility, so do not panic and do not sell bitcoin, all be alright!

[gordonsam32]

@TS you can't blame the investors for exiting since they are the ones responsible for their money and not anyone else.

[Barcode_]

I agree once a trader goes into panic selling mode, it is highly likely that he will make a huge loss on the trading market, some traders are always looking at the chart and when the price keeps going down, they will eventually lost their ability to think what to do next beside dumping all their bitcoins and altcoins.

[Erza]

I agree once a trader goes into panic selling mode, it is highly likely that he will make a huge loss on the trading market, some traders are always looking at the chart and when the price keeps going down, they will eventually lost their ability to think what to do next beside dumping all their bitcoins and altcoins.

Some of them believe that by dumping now, they can even get huge profit by trading at low point. If in this current time, I think you can profit easily, like the last drop around $6,000 and now it is raise again to $8,000 which is you get profit $2,000 right now. This is pretty easy to get back on your loss. Although you dumped it at low amount, you will get your bankroll back just in no time.I can say this because it happens to me once and of course not all the time you will get this moment

[bering]

i agree too with sold all of our bitcoin while the price dropped automatically we also would be parts of the dump but the situation is not so simple such as that because many traders out there has starting to panic when the price gradually dropped even we here still holding because we believe the price will high again but some of people has taking the risk wiith sold their bitcoin because they thought this is can avoid them to suffers deep loss

[Harlot]

There are many factors that are  contributing to the dump and one of it is panic selling. Panic selling is the expected result of FUD, together with big price drops made by whales and bad news will create an ripple effect that will start all the weak hands to sell their position. Panic selling won't even start if there are no price drops or bad news or even if all of the holders are knowledgeable traders as they will know what to do.

[Shamie1002]

Hahaha. Those people asking why it is dumping surely are the ones who got left out on selling first that is why many are angry because they can't pull out their many at the time it was being low.

They wanted to sell and some think twice about doing that. So more dumping happens.

With prices that low and many are getting angry tat iswhen FUDs are created and many are being scared---- more dumping as a result.
People should know to trust their guts on this.

[stellgod]

Well, panic is usually a bad adviser, and when you take decisions under influence of strong emotions you can be pretty sure that they are bad decisions.
But I understand that in these days it's very difficult to remain cool and detached.
What helped me very much is to think about bitcoin as just some "points in a videogame", and not as real money.
(if I start to think about money losses, there is the risk tu cut my veins. :-) )

Yeah you are telling the truth that the people who sell their coins in time of dump they are responsible of prices falling and this fall sometime go very hard and a lot of people take out their money in time of dump and if people don’t do this for while prices will automatically starts to rise because they will be no panicking situation at all so avoid selling in time of dump if its urgent then wait for some time and then sell.

[sparveenat]

The reason for bitcoin rate down is the action taken by the Indian Government there is 10,000 Bitcoin users are given notice from the government regarding the bitcoin use which make a very big impact as all the members under estimated the Indian bitcoin investors who are very smart and invested their black money in bitcoin and also the Korean government fake new also the reason. So no need to panic once again bitcoin will be on track very easily and its going to be very big bounce back or sure.

[Coral27]

the best thing to do in case of crash is not to look at the graphics!

Yeah that's a interesting way to look at this situation. People tend to get more panicked after seeing the downward graph in red color, that's common, even I feel a little tensed looking the downward graph.

Yes it is right red day is the main thing that price of bitcoin use to decease but it is also true that our selling at low price will make the red graph higher. In future people will see the price of bitcoin high so it is main reason why they are waiting for price of bitcoin to increase and they are holding, I would prefer holding instead of selling and making panic the bitcoin, because it is all lose to sell at low price.

[NeverSop]

The sale of everything during the downturn and your psychological uncertainty is that you are giving away your fortune and becoming the waiting bait for whales. Be really calm in this market if you want to succeed. You will not lose if you do not sell, remember that.

[Perseusallen]

Here is some guideline to know bitcoin sayings.
HODL: A misspelling of “hold” that now means Hold On for Dear Life. This is what you have to do when coins enter their common 20% – 80% corrections if you want to come out the other end still owning coins.
MA / EMA / MACD: Moving Averages (MA) track help people understand the trend of a coin over time. Moving Average Convergence Divergence (MACD) shows the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day Exponential Moving Average (EMA) from the 12-day EMA. When these lines cross they can tell us about the general trend of the asset. We would be looking for Death Crosses and Golden Crosses. Feel free to Google those terms, specifically check out investopedia.

[nightxglow]

Yeah that's quite right. Moreover the more people sell, the price will be more and more even lower, and it will make other people panicked as well and tend to sell their coins too.
I also think that i'm going to sell my coins, before it's too late and the price can't be saved anymore. But thankfully i choose to keep holding it. Although the price still fluctuacting, i kinda saw a hope and believe it will be better eventually.

[PIR]

When we sell out of panic, we are not helping instead we are contributing confusion and negative thoughts to others, the more they sell the lower the price it bring and the more it creates bad impression, its like pulling out what they invest instead of holding on and wait for couple of time for the currency to recover...we can't blame those who panic and sell its that we hope we think positive instead and hope for the best.