Panic sellers, please head for the exit (and don't come back)

[friends1980]

Dear Panic Sellers,

If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins,

If you let yourself be influenced by the messages and actions from these corporations and governments,

You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank.

I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.



PS: To my fellow believers: HODL. 

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[Indrawan77]

I think its a bit harsh to tell them to go away, I understand the frustration when people just so consumed with the news and dont used their clear judgement and end up causing the price to fall down, but they are doing panic sell because they don't understand the situation, nobody want to sell their coin in low price, we should teach them how to handle the situations better, not asked them to quit investing

[friends1980]

I think its a bit harsh to tell them to go away, I understand the frustration when people just so consumed with the news and dont used their clear judgement and end up causing the price to fall down, but they are doing panic sell because they don't understand the situation, nobody want to sell their coin in low price, we should teach them how to handle the situations better, not asked them to quit investing

90% of the people will never understand that this coin was created to liberate them. It's a concept. It has a spirit. Not just a way of getting rich (or trying to).

[onnz423]

Even once the panic sellers exit their positions, a new wave of nervous investors will quickly replace them. This is the cycle that has repeated over and over again. People buy in due to fear of missing out, they then catch word of some negative news, start to reconsider their investment, then exit on a loss. This situation occurs en masse leading to a snowball effect which eventually catches some of the stronger hodlers.

#HODL

[Meysa_richa]

If panic selling is done because want to get the price below again, it does not matter because it is also one way to get bigger profits, but for the long term we are more comfortable with holding our bitcoin, because essentially bitcoin price will go back up again .

[fiulpro]

Everyone's a beginner once also you should realize that we don't know about their family conditions and conditions in which they brought Bitcoins..
Also having no knowledge and support or suggestions they are prone to do that and it's completely acceptable.

Instead of asking them to go away .. you should give a kind suggestion .. because we never wore their shoes.

[Anti-Cen]

Name calling of fellow gamblers won't go down well here.

Thing is many of us have been here a darn site longer then the OP and as software developers we are not just here
because of the flashing lights on top of the slot machine and we date back to when "Virtually free transactions fees" was
the buzz phrase of the day.

We did not change the rules, we were not happy about the development team here being in bed with the miners and the
bankers too as fees hit $55 per transaction and we are certainly not all behind the banking hubs in the new lightning network.

Maybe the OP needs to ask himself who's the sell out traitor is here and will soon be in singing in tune with those that see
"off-block" as being the must have around here unless of course he wants to argue with the lightning white paper that he
can find here https://lightning.network/lightning-network-paper.pdf

I invite the OP to leave and don't come back !

[Anti-Cen]

If panic selling is done because want to get the price below again, it does not matter because it is also one way to get bigger profits, but for the long term we are more comfortable with holding our bitcoin, because essentially bitcoin price will go back up again .

Do you know the story about IBM and personal computers, maybe AOL and the rise of the internet or just maybe
you can remember the dot-CON crash in 2000 but I am sure you don't know nothing about Tulips.

Sorry you was saying again mystic meg ?

[Thirdspace]

Dear Panic Sellers,
---snip---
If you let yourself be influenced by the messages and actions from these corporations and governments,
---snip---
I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.

Even once the panic sellers exit their positions, a new wave of nervous investors will quickly replace them. This is the cycle that has repeated over and over again. People buy in due to fear of missing out, they then catch word of some negative news, start to reconsider their investment, then exit on a loss. This situation occurs en masse leading to a snowball effect which eventually catches some of the stronger hodlers.

#HODL

I completely agree with onnz423's post! He pointed what's going on with markets and investors
now the question is what are you, as a hodler, going to do when you see panic sell?
as a hodler, it's good to hodl long term and liquidate your bitcoin as needed
but the "better" hodler will buy and accumulate more bitcoin when there is panic sell
the "best" trader-hodler will play his position reacting to market trends
and can make profits whether the market ups or downs while the same time sets aside and stack his bitcoin

[sirkings0003]

Dear Panic Sellers,

If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins,

If you let yourself be influenced by the messages and actions from these corporations and governments,

You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank.

I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.



PS: To my fellow believers: HODL. 

You got it 100% right, even though it is almost impossible. These news will not rescind soon. So if you think you are not fully confident in the longevity of cryptocurrency, it is better you quit now and never return.

[Walrus1]

Ah give them a chance. I panicked when I first got in. It takes time to get used to crypto

[yoseph]

Dear Panic Sellers,

If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins,

If you let yourself be influenced by the messages and actions from these corporations and governments,

You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank.

I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.



PS: To my fellow believers: HODL. 

Unfortunately, they are not going to heed to whatever that you are going to say because as log as they can afford to buy, they can do whatever they lost but if they continue to make a lot of losses, i believe that they are not going to dare coming back to invest into bitcoins any longer which will be in our best interest.

[HeRetiK]

I think its a bit harsh to tell them to go away, I understand the frustration when people just so consumed with the news and dont used their clear judgement and end up causing the price to fall down, but they are doing panic sell because they don't understand the situation, nobody want to sell their coin in low price, we should teach them how to handle the situations better, not asked them to quit investing

Honestly, I think telling panic sellers to leave the space and not to invest in it is just the right message.

Well, actually it's the right message at the wrong time. We probably should have told panic sellers to go away when they were still panic buyers.

Most of those people panic selling now should probably never have invested to begin with. Buying out of FOMO is just as bad, if not worse, than selling out of fear because the sky is falling. I'm actually more worried about them than I'm about short- to mid-term market developments. But that's because I know where I stand and have entered the market out of conviction and not just out of greed. Well, maybe a little bit of greed.

Instead of asking them to go away .. you should give a kind suggestion .. because we never wore their shoes.

The kind suggestions would have been 1) to never invest more than you can afford to lose and 2) to not invest into something you don't understand.

Once you're panic selling it shows you likely failed to follow at least one of these kind suggestions.





On a sidenote:

[...] news about Google Ads and Facebook [...]

Good riddance. Those ads were mostly scams to begin with and rarely advertised projects of actual value.

[angaper]

Paradoxically, "Hodl" also seems to be a opposite position to Satoshi's ideal, because it would imply that our ultimate goal is speculation by supposing that bitcoin will be more valuable in the future than in the present.

If in fact we were worried about the libertarian dream that gave rise to bitcoin, we would all be totally involved in its use as a daily payment instrument, regardless of its price, which is why I infer that most of the "hodlers" are rather speculators.

[paulmaritz]

Dear Panic Sellers,

If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins,

If you let yourself be influenced by the messages and actions from these corporations and governments,

You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank.

I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.



PS: To my fellow believers: HODL. 

Thank you for not sugar coating. Your words might come over as cold-hearted, but what you write carries weight. It is of course too bitter for some to ingest, but reality is that the panic sellers are causing millions of dollars in losses, while playing right into the hands of those who wish to crush Satoshi's dream and fully enslave us. That being said, I hope many of them wake up and come back for the right reasons. We're going to need as many believers on board as possible.

[paulmaritz]

Paradoxically, "Hodl" also seems to be a opposite position to Satoshi's ideal, because it would imply that our ultimate goal is speculation by supposing that bitcoin will be more valuable in the future than in the present.

If in fact we were worried about the libertarian dream that gave rise to bitcoin, we would all be totally involved in its use as a daily payment instrument, regardless of its price, which is why I infer that most of the "hodlers" are rather speculators.

Hodl is like saving - not something to frown upon. There is no need to spend beyond one's needs - or worse - dump at the first sign of danger - real or perceived.

[J-N]

I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell.

No, let the panic sellers return to the crypto-exchange markets again. Few days ago some of investors decided to sell big amount of coins. Of course, they have a right to do that in any time, but crypto-currencies have a promising future anyway.

[friends1980]

Paradoxically, "Hodl" also seems to be a opposite position to Satoshi's ideal, because it would imply that our ultimate goal is speculation by supposing that bitcoin will be more valuable in the future than in the present.

If in fact we were worried about the libertarian dream that gave rise to bitcoin, we would all be totally involved in its use as a daily payment instrument, regardless of its price, which is why I infer that most of the "hodlers" are rather speculators.

As long as the market is filled with panic people, I don't think there is anything wrong with trying to limit the damage. I think the right solution for this - at this point and at this moment - would be by holding.

[bitfocus]

it sounds rude but it's the crucial fact! any person who has no soul of investor should quit asap, these people are like poison or ticking time bomb for Bitcoin, well, they are harmful to almost anything as they jump to anything just for get rich without using their brain.

[Kakmakr]

We need these people to grow adoption. You have to remember that many of these panic sellers are climbing out, before they lose money and some even make a profit. Those people will eventually come back and re-invest in Bitcoin.

Not all panic sellers are bad, but I agree that many seem to miss the whole point of Bitcoin.