Kolly
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Activity: 208
Merit: 10
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April 21, 2018, 05:22:35 AM |
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Hi guys , I read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you should face , and its a win and win bet when you hold bitcoin . So knowing that some people selling their bitcoin I feel so sorry for them.
I would depend on the reason for selling i believe. If we look at the current prices now and you sold it when prices are low and panick is the whole reason then it is a stupid move. But if the reason is because you are in a situation that you badly needed the money then by all means it is a no. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Nasty23
Full Member
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Activity: 736
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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April 21, 2018, 05:29:41 AM |
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Hi guys , I read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you should face , and its a win and win bet when you hold bitcoin . So knowing that some people selling their bitcoin I feel so sorry for them.
I would depend on the reason for selling i believe. If we look at the current prices now and you sold it when prices are low and panick is the whole reason then it is a stupid move. But if the reason is because you are in a situation that you badly needed the money then by all means it is a no. Yes it all depends in the situation, but some people sell it because they don't have enough experience and knowledge about bitcoin that makes them afraid to hold in the deep because they don't want to loss a money and wanted to have a profit only that makes them loss. Knowledge is very important here in bitcoin so that you are confident to hold it because you know that bitcoin can change your life in the future. |
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hieu81
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April 21, 2018, 05:33:29 AM |
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Bitcoin and altcoin are rising, This time it is not clear whether the purchase or sale will be beneficial, all decisions are by you and it will directly affect your profit!
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Farvin2
Jr. Member
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Activity: 168
Merit: 3
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April 21, 2018, 06:07:36 AM |
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In my opinion I can say yes selling bitcoin is a stupid decision especially if you will sell your bitcoin when its price is to low. Just hold a bitcoins for a while and wait for the right time to come to sell it in a much higher value.
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brokens
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April 21, 2018, 06:13:06 AM |
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selling Bitcoin at such a low price can be said it was a stupid decision, there may be a cause for selling Bitcoin at a low price because requires money or is pressed for economic needs. of course if you want to get a good profit that is hold your coins and other coins until market prices increase high.
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Apes
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April 21, 2018, 07:06:35 AM |
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I think it's their right to sell it or not, and I'm sure they sold it probably for some reason not because they panicked or something happened to bitcoin problems .. maybe because they have a problem to be solved with money and maybe no other option to sell bitcoin .. the presence of bitcoin to help others with any problem and do not intend to sell or sell at the wrong time because they exist for some reason that requires sales and bitcoin is the best possible consultation in any matter especially in financial importance
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Seeker#9
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April 21, 2018, 07:28:25 AM |
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Panic selling always happen to people who lacks information on cryptocurrencies. Investing in bitcoin or any cryptocurrencies requires enough knowledge so it better to learn it first before buying any coins. But some bitcoin holders are also desperately need cash sometimes especially when the only available source of funds at that moment is their bitcoin.
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serenacalce
Newbie
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Activity: 56
Merit: 0
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April 21, 2018, 07:39:07 AM |
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by selling bitcoin at this time may be an unwise action because the bitcoin price has now gone down and if you sell it then you will lose, you better hold the bitcoin you have and wait until the bitcoin price will increase again
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proTECH77
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Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
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April 21, 2018, 07:41:46 AM |
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It will always get to a point where you would sell your bitcoin because you can't actually hold your bitcoin forever. So, selling bitcoin is not actually a stupid decision. What can be said to be stupid is when you sell at a loss.
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Virtual miner
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April 21, 2018, 07:48:25 AM |
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Not all people can understand this thing easily. It takes quite a bit of time to understand the crypto market, it is that complicated!!
Actually most of the newbies panic in no time seeing the price of the bitcoin drop. And in this anxiety of losing badly in the market, they sell their holdings. But these peaks and valleys in the price of the bitcoin and other crytpo coins are a normal part of this market. Nothing stands permanently; neither a drop nor a rise!!
But I think there is a need to correct you at one point: Selling bitcoin is not always a stupid decision. Sometimes the unfavourable situations in the market persist for a long time, people have to sell their holdings out of helplessness.
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Liternyy
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Activity: 238
Merit: 11
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April 21, 2018, 07:58:32 AM |
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The final list of products will be announced in April. Meanwhile, China has developed its own plans to reduce the sale of American goods within the country. This was announced on Friday.
After receiving such news on Saturday, the price of bitcoin rose to almost 9 thousand dollars. But in the course of sales, the digital currency slightly passed the position. By the time it was written, she had dropped to $ 8,622.
The cost of bitcoin can grow to $ 30,000 by the end of 2018.
So it's very stupid now to sell bitcoin !!!
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LigwagGanern
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Activity: 307
Merit: 10
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April 21, 2018, 08:29:47 AM |
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Hi guys , I read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you should face , and its a win and win bet when you hold bitcoin . So knowing that some people selling their bitcoin I feel so sorry for them.
Selling bitcoin is not a stupid decision it is a choice because you are not trusting again bitcoin. You know that bitcoin price is temporary, it will chance anytime and anywhere. Bitcoin price can decrease or increase, if it decrease it doesn't mean that it is the end of bitcoin. It is a chance or opportunity for those people who don't have yet bitcoin. And if the price is rise or increase it is a good thing for those people who have bitcoin, because their money will increase too. Selling bitcoin is not a stupid decision. |
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