Panic sellers are once again hating themselves

[Kylapoiss]

Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.

I think you meant FOMO, not MOFO 

Anyway, these guys are the biggest losers. They see bitcoin on the news, they buy the top and it starts crashing, they (once again) look at the news and see how "bitcoin is crashing", and further crashing ensues causes precisely by these watching the news and paying attention to fakestream media.

Notice how during this cycle, none of them even bother to research what bitcoin is and why is it valuable (and why you should only look for the long term and ignore market noise)

Maybe he really did mean MOFO because they buy the high and panic sell the lows. Hahaha.

But really, without those types of traders, the market would not be as profitable to trade as it is today.

Same here, as much as I feel sorry for them, we need them to grow our wallets. And probably many of them take their lessons and become hodlers later

[1715631908]

1715631908

[mklost]

Weak hands everywere.

[Jacques_Bittard]

The last posts of this thread got me a little worried...
Usually when the hardcore bitcoin zealots surface, telling how pathetic the sellers are and how sorry they feel for the sellers. Then I'm the one who is selling
This indicator makes me think that this drop will probably go further. I'l better sell my bitcoin dependent alts..

[Semaj123]

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

We can't still blame them for what they have done. The crash last time is something to be taken seriously. More than half of its market value before was reached due to the continuous dumps. But at this moment, it is now starting to rise. Those who invested when its market value was continuously falling will surely earn huge profit on the next months to come especially if this scenario will continue.

That's true, we can't blame them for what they have done. They can do what they want because it is their own money. People have different aspects when it comes to decision making so it really happened. Happy are those who buy at low price because as of this moment btc starting to recover.

[Kylapoiss]

The last posts of this thread got me a little worried...
Usually when the hardcore bitcoin zealots surface, telling how pathetic the sellers are and how sorry they feel for the sellers. Then I'm the one who is selling
This indicator makes me think that this drop will probably go further. I'l better sell my bitcoin dependent alts..

Well I feel sorry for the panic sellers, a different thing by my point of view. You wouldn't sell a mile long red bar just because CNN news tell that the bubble burst, would you? That's panicking. And don't get confused on my newbie account, I've been around since we got Goxxed.

[PETES]

Panic sellers didn't learn! once again bitcoin proves that those who get to earn a lot from this kind of investment are those who are capable of trusting bitcoin and are patient enough to hold and wait till the value recover and start to pump again. I am happy bitcoin seems to start making noise again as it embrace the $11000 after reaching $7500 last week. I hope this good news continues.

Those weak hands are surely beginners in crypto world and don't have any idea on how this market runs well and some are still not used to all the fluctuations and still vulnerable. And sooner when the market recovers, they're mocking around here and regrets are all in their faces.

[pereira4]

I browse different forums where people talk about crypto and I have noticed the number of FUDsters is directly proportional to the higher the price goes since the last bottom.

This fact proves that there's a lot of pissed off people at how they lost their money by selling low, and this also proves the moment it starts dipping as they try to convince you to sell, they will be getting ready to buy back in.

If you aren't a a good trader (and chances are you aren't, it's too hard to predict the market) seriously look at the HODL thread and read.

[Kersh768]

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

This is true. Surely it is a lesson lesrned. Dumps are not permanent and this scenario proves it. From being downed to 6000 USD from 18000 last year, its market value is now starting to rise. It now reached and crossed the 10k mark and is now continuously increasing. zthose who sold their Bitcoin during the dump will surely regret this one. But it is not too late to esrn profit, they may invest now since the increase has just already started.

[1Referee]

Those weak hands are surely beginners in crypto world and don't have any idea on how this market runs well and some are still not used to all the fluctuations and still vulnerable.

In general, people think that weak hands are beginners by default, but that's not entirely true. It's a term that applies to anyone selling in panic during a correction/crash, which more often than not means that people sell at a price lower than where they bought their coins at. I have seen enough old members here who still struggle with understanding how this market exactly works. After such a long period of time you would expect people to adapt and to improve, but nope, they are still at the same level with their understanding (or better said, lack of understanding). In other words, beginner or not, some people will never get used to the hostile nature of this market. You would expect them to quit at some point, but even we have to admit that Bitcoin is too addictive.

[followmenot]

Panic is the worst emotional behaviour you can do anywhere, any place in life. Regrets will follow and you will never learn. Bitcoin or crypto markets want patience. Bitcoin will raise over $20k but only for patient people.

[aso118]

Weak hands everywere.

They are being shaken out with renewed fervour now. Those who bought in at $500 and $800 are not selling. These are the get rich quick kind, who bought at $15,000 and are now wondering what the hell they were thinking. There are also those who are satisfied with a few dollars of profit and don't realize the true potential of Bitcoin. As we go forward, some of these people are bound to sell.

[SHAWN-MIDWAYS]

The crypto market as proven to people several times that the market always recovers but people always want to out smart themselves thinking the market wont recover and choose to panic selll to get out while they can but it all ends up with Panic sellers hating themselves

Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.

lol this is learning the hard way wouldnt want to have such an experience:P

[Daimon88]

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

Don’t they always do, but at the end, they always end up learning their lessons. Unless someone is dumb enough, that is the only time they will be making the same mistakes twice. I wonder how someone will go through all the length of holding till $6000 and then panic and sell everything while listening to some bullshit FUD, over time, they get used to it with the experience and that informs their decisions the next time same incident happens.

[Rooster101]

They are mostly newbies who panics at the earliest sign of bitcoin price correction. These panic sellers includes traders that never learns and still overtaken by panic even they have been trading for some years. They should fully educate themselves first before investing in cryptocurrencies and maybe learn how to manage and overcome fear and panic. Managing your emotions is one of the important factors in trader's success.

[jostorres]

$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.

Given the price didn't dip below 6k across the major exchanges I'd be surprised if many people sold out at below 6k! Aside of that the points are great and hopefully this will be a learning curve for anyone who re-enters the market. For me it was the first time going through such a large dip but I stayed true to what I'd always thought and been told and held through it. Of course there's still a long way to go to recover but breaking 10k is a great start. If the guys who re-enter can learn from their mistakes then the market can only grow stronger in the future.

Yeah, the fact that we broke the $10k region is really a good start, what we are trying to wait for now is to break the downtrend line up and that is where the main journey to the moon starts again and when panic sellers will even be crying more.

Like you said, I always believe that newbies are always the panic sellers and most people who have been in this trend for a while and see how things turn out at the end, usually get to see how things end up turning out and then strengthens their future decision when market turn down.

[PizzaBTC]

Not themselves. Some of them hate “the market”. A friend of mine is like that: he used to buy when there was a bubble out of MOFO and to sell when the first dip came, out of panic. Now he doesn’t buy any more, he just wastes all his money, as he thinks “the market” is corrupt.

Classic Buy High, Sell Low strategy, great way to make others richer!

Oh yeah! And they are so dumb enough they do not even know that. It is crazy though, because people like this are just naturally greedy and looking for the fastest route out, which is why they get burned mostly. Why will anyone ever buy into FOMO and declare the market corrupt at dip when that should even be the best time buying. Ignorance though is the greatest of all diseases, so I usually do not blame them. Probably, he should even say the stock market and Forex market is corrupt since they experience downtrends too.

[chocolah29]

They are mostly newbies who panics at the earliest sign of bitcoin price correction. These panic sellers includes traders that never learns and still overtaken by panic even they have been trading for some years. They should fully educate themselves first before investing in cryptocurrencies and maybe learn how to manage and overcome fear and panic. Managing your emotions is one of the important factors in trader's success.

I agree because even some experienced traders still gets affected by the fuds and never learn the history. I mean by all of these experiences we should be numb as well and just treat this as another day in trading and just eventually subside after some days. We should be all used to these as volatility gives us good profit at the same time.

[deepcoreotc]

Believe it or not the people that sold @ the $7k range are mostly bots. Panic sellers not that much, although they sure did help the dip as well!

[darkangel11]

Believe it or not the people that sold @ the $7k range are mostly bots. Panic sellers not that much, although they sure did help the dip as well!

Bots are set up by people, same as stop loses. If the price hits your stop loss level you'll sell automatically. It's a function of the API, not a bot. I also know some panic sellers in person and they were really sad about the prices going down and possibly having to wait months for another opportunity to sell close to the ATH. It doesn't matter though. All panic sellers have learned their lesson and are either gone from the crypto scene forever or waiting to buy the dip and get more coins with the fiat that they now have. Next dips will be much shallower and we're getting ready to go up again big time.

[poplolnman]

They are mostly newbies who panics at the earliest sign of bitcoin price correction. These panic sellers includes traders that never learns and still overtaken by panic even they have been trading for some years. They should fully educate themselves first before investing in cryptocurrencies and maybe learn how to manage and overcome fear and panic. Managing your emotions is one of the important factors in trader's success.

It's normal to feel in panic attack but you shouldn't overreacting on it , be calm even you can't accept the losses , collect information as many as you can and make decisions based on the data not based on your fear of loss , the decision could be to cut the loss or keep holding, it's conditional. Sometimes panic selling needed in certain circumstances.