While you are panicking....

[Tavarez]

While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers

Yes I maybe panicked two or three years ago but now I am playing smarter. I have some funds converted in crypto (mainly btc) but those amounts are something I can afford to lose. With such a volatile asset you don't want to go 100% in (full tilt), better choice is to invest 2-5% of your total earnings. Just play with it and don't expect to be millionaire.

[Dexion]

yes, this condition makes the majority of members panic, including beginners, they are afraid, and the largest bitcoin holders will take advantage of this situation to increase the volume.

but not for me, i will stick to hodl bitcoin and buy more when drops.

[vcmnb5]

I never panic so that every fall is a good opportunity for me to join once. As long as I achieve my goal, I will sell in batches. If I don’t have confidence in Bitcoin, I’ll definitely lose money. ,

[Svafnir74]

Totally agree with you. In the market, you need to act in concert with the big players, sell when they sell and buy when they buy. Then you are more likely not to lose your money and always be with profit.

[teejayrichard2]

those who panic sell carelessly while those who fully understand the whole business hold and watch the value of their money go up later. while people panic and sell off carelessly, others buy and store. those who panicked later come to but from those who stored, common sense i say

[Alert31]

While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers

          When the price decreased and people panic to sell their coins,others are celebrating because they can buy more and more coins from your sold coins. And after fluctuation that the price rise again the more bitcoins gain more profit and those who are panic selling gain big losses. Be wise and think positive in every situation is the best policy to earn success.

[gates]

When you are in crypto, you should understand that the course can change anytime. So there is no sense in panic. It can affect your decisions in a bad way. 

[9jaflick]

While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers

this why they say "the rich keeps getting richer and the poor getting poorer" this is simply because the poor are always scared of losing the little they have, while the rich always take advantage of the poor man's weakness.

[brickafterbrickwalldpt]

I also think that there is no need to panic. People haven't learned anything...There were so many corrections and events that caused the Bitcoin price to fall and they still panic sell their BTC. I didn't sell my BTC at the peak, I bought even more when it reach the price of 7 thousand dollars not so long time ago. A lot of people famous people are trying to attack Bitcoin in order to lower the price which would allow them to buy more BTC for the same price. Pretty smart but it definitely harms their image in our community.

[tofus]

Yes, a good strategy is to buy assets that do not hodl weak hands. But for this you need experience, so if you do not have it, it's better to buy bitcoin and hodl.

[VPoro]

certainly. the strategy of whales and sharks are dumping the price and create the panic sell. After that, they will buy back at the bottom. they can get big profit

[MZMARY]

To this moment when there is panic in the market, I usually what I don't undertake, leave from the exchange, and I communicate in chats, at a forum, and I have noticed many people give in to panic, who doesn't understand those and doesn't feel the market of cryptocurrencies, to do not what, you won't understand an essence all yet

[SoliDCoiNs]

What if we are all not panicking and Big Whales are using this knowledge to their advantage..
If one day I have open positions full of nothing I will call myself weak hands because I didn't have the courage to sell while I could.
Be rational about the situation and react appropriately, don't catch fire and panic sell or freeze in place and hold everything religiously. It's easy to do those 2 things.
Be smart and figure out what is the best solution in the current situation.

Ends Of The Spectrum

Panic selling ------------------------- Rational decisions ------------------------- Hodling

you dont understand holding paper is irational thinking.You want a paper with a value becasue some secret society members print it and give it to you and tell you this is what it is all about? Paper that is unlimited that is the conpiracy and the weak hands fall for the scam.Bitcoin is the future PERIOD

That sounds outright ridiculous. SolidCoins (or whatever his username pretends to be) gives an accurate description of what people should be doing. As long as your actions have a rational, non-emotional motivation behind them, you are unlikely to go wrong. On the other hand, if the reasons why you are buying/selling are emotionally motivated, you are probably doing something wrong. It is also ignorant at best to say that paper currency is "irrational thinking" and that Bitcoin is the future. Nothing is set in stone. I am a true believer in cryptocurrencies and Bitcoin itself, but that doesn't mean that I think it will be the only currency standing and I would hope no one else thinks so either.

That is the truth here, but if you just have a limited source of income and you are just a beginner then the tendency when the price falls down you tend to panic all the time regardless of they are saying not to, well, it is fine for as long as you will find out one day that you should not panic because you will lose the show.

Thanks btcton for the support, much appreciate that!
I didn't mean that you should hold instead of panic selling, I mean you should take choose positions and close them wisely. Right now I see the early cryptocurrency investor stages:
1. Panic sell. See that it doesn't work.
2. Hodl. Don't have enough patience.
3. Swing trade. Based on FUD and FOMO. Doesn't work.
4. Day trade. Don't know what the hell is happening.
...
n. Successfully taken profits because the trade wasn't based on hype or emotions.

We all live and learn, everyone goes thru the cycle more or less, you can do better if you know what you're doing and use your head, not your greedy heart.
I currently see paper as a better option because it tends to hold it's value and not be so volatile. It doesn't mean I'm anticrypto, not at all - I think this is a means of payment in like 10 years and it will change the banking industry once and for all. Only for now I feel more safe having some cash at the end of the day/week/month whatever. It is still used in every person's day to day life. I want to ask those people that bash dollar or another fiat currency because it's unregulated and unlimited - What do you use when you buy your apples at the grocery store, huh?

[cynical]

The weak hands are the ones who are only new to crypto and the traders hoping to sell high and buy back on the dips.
This will not change but i hodl because i dont spend enough time trading to know when to sell
i just buy more at the dips.

[litepresence]

While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers

While you are in panic never take a decision at once. First calm down and go through the news whether its real or fake. Eventhough if its true wait for a time period untill the value of bitcoin to rise. Patience is more important characteristics of the trader or else we will sell our coins in panic. Which gives an opportunity to other to fill their very own pocket.

[cizatext]

Why should any one even panic just because of a slide fall in price of bitcoin and if you truly understand the technology behind bitcoin and how it works, bitcoin has it own rule which is decentralized and highly volatile and has no stable or fix price. So any thing can happened in bitcoin no fix price it  can change at any time and operates on the economic laws of demands and supply.

[udin13575]

panic is a bad decision in trading. panic will only reduce your assets and will continue so until the assets run out. actually panic is sometimes caused by too often see the market try to play hold until you get a better profit because all the prices will surely rise just waiting time

[MI6]

While you are panicking over the decline in the price of bitcoin, the largest bitcoin holders will have an even more volume of bitcoins because of the panickers

that is what they looking for, cheap price from people who get panic and sell their coins immediately. after that they want new people to get panic buy and start to sell their asset

[btc-facebook]

I still believe on bitcoin so that's why I still keep 0.5 and better to keep hold it rather than do panic sell.
Some group may have try to gain benefit of this advantage especially for new investor

Well it's normal things in crypto trading !

[DarLim11]

I did not panic when the price fell. In fact I felt happy about it. Because I will then again have an opportunity to buy some bitcoins again in lower prices.
There is a lot of people panicking when price goes down. i was like that before but because I remain calm I began to have a clear mind that van provide logic answers