Ajadey4
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August 05, 2018, 07:37:05 PM |
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When others are panicking and are selling, I'll rather buy at that time. What happens when the market now stables, when they are done with selling? The massive gains from such could make one close to the Lambo dream in a short period of time. If I'll eventually press any panic button, then, gain have to be there for me, can't really sell at a loss.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Ezenwanyi
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August 05, 2018, 07:52:22 PM |
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I'm a long term investor. So theres no price downtrend that would make me panic sell my coins at loss.
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onaiwusun
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August 05, 2018, 07:57:14 PM |
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I will sell some bitcoin if the price suddenly falls below 5000.because i think it will cause a spiral that will see it fall to far below that,basically for me to buy more at deeper levels
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macartem
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August 05, 2018, 08:01:41 PM |
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A lot of people are reaching a point where they are considering selling their coins. I would like to know, what your "panic" sell
point is?
I bought most of my coins at below $1000, so I am not worried at all about the drop in the price. I will never walk away from
Bitcoin losing any money, because I sold some bitcoins when the price reached $19,000 last year and made back all the
money that I invested. Some people bought at $19,000 last year, and I think many of them sold already. Do you have a point,
where you will push the "panic" button?
I doubt that it will go down much further, but if it does... where would you start selling your coins?
I sold bitcoin and for 300 dollars. But now I'm smarter and more experienced. I think a big panic will start when bitcoin is again less than $ 1000.
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Cryptotissue
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August 05, 2018, 08:08:09 PM |
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looking at all the prices you have stated, there is nothing panicking about it if the individual has a better understanding and knowledge on what bitcoin entails. there is a lot more involved here than the price going down. in this world of bitcoin, the greatest of what one needs is patience. you don't expect everything to be well of without trouble. having patience, knowledge and understanding is what is needed and forget about panicking
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HoloUpfront210
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August 07, 2018, 06:12:52 PM |
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accroding to the market situation if the price fall below 6k then i will start worrying a little but i will never sell because i believe on bitcoin that it will rise again.
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suse100
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August 07, 2018, 06:28:19 PM |
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Much depends on the price at which people bought their coins. Those who took them in the winter of 2017, hoping for further growth, many have already sold their assets and forgot about the crypt as a nightmare.
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sebo.k
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August 07, 2018, 06:30:50 PM |
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If I am holding a coin that will depreciate about 80 to 90 percent then I don't think there will be hope for me to hold the same coins again, the best option is to sell at that point.
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Sandijoee
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August 07, 2018, 06:33:25 PM |
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This is less good news, but in my opinion this is a lesson for us bitcoin users to be able to deal with this problem. If this happens I think I will panic if bitcoin has reached the price of $ 2000 and I will sell if btcoin reaches that price. I panic if bitcoin is not, if the price has reached $ 2000 what else if it is below it.
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Ayomiqueen
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August 07, 2018, 06:34:56 PM |
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Good question, some sell even after it hit 10,000 and thinking it will dip more but it came up again and they FOMO and when it turned and dip to 7000 they sold again and now confused on when to buy or sell their coin but only if they consider it lost already and find new funds to invest sure it will come back to where they enter and above, as for me on when to panic I don't have to panic sell but sell at when it move up and set my buy like $100 gain below or more so even if it dip I make profit and if pump am all in.
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Awhore
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August 08, 2018, 07:49:55 AM |
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I think that depends on the individual; some set a point and if the value falls to that point, they sell. Though some Newbies sell immediately they notice a slight fall (Hahahaha). For me its 5%, should it fall below that, I will be tempted (or panicked) to sell.
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Babatunde1989
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August 08, 2018, 07:56:06 AM |
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I must be sincere with this question if bitcoin were to going down, I'm going down with it. I've spent more than a year in the cryptocurrency space learning as much as possible, and I'm not going to stop being interested even the prices crash down to single digits. I can't panic in this field.
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Sabana1952
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August 08, 2018, 08:11:02 AM |
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This is a market where crypto can appreciate or depriciate but I can never sell until the price is below $50 and I know it can never got that level means I can't panic when the prices going down.
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PalindromemordnilaP
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August 08, 2018, 08:56:32 AM |
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Honestly, holding your crypto especially during crisis is really hard especially when its market value is going down deep. If the moment bitcoin will go down below 1,000$, that's really a different story because that's already more than 90% of fluctuation since bitcoin hits 20K USD.
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pakhitheboss
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August 08, 2018, 09:06:18 AM |
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There is nothing to panic at this moment and I do not thing Bitcoin will go below $1000 anytime in near future. It is still holfing up prettu good at $6000 - $6500 level. This is the right time to buy and HODL for some decent profit.
There is a simple saying "Anything that goes up will also go down". Last year Bitcoin reached it's Highest level and this year is for corrections.
HODL on tightly with your cryptos till the end of this year and you will surely be rewarded.
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tonysitaly
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August 08, 2018, 09:25:11 AM |
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If the price of bitcoin falls below $5000 now, a large number of people will be sold, and many miners may maintain their prices at $4000, and if the price of bitcoin is less than $4000, I will certainly panic.
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vitek_dyb
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August 08, 2018, 09:27:01 AM |
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at price 80% of ICO price Markets say never sell when markets red and down buy more that you can becouse after down always next is up and when market up you can sell and make some profit just hodl if you see that current price not good to you.
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Gary Joness
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August 09, 2018, 12:44:04 PM |
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I will not sell my Bitcoin even though its price has dropped. Because I believe the price of Bitcoin will continue to increase, that is the trend of the Bitcoin market. In times when Bitcoin price drops you should calm down, do not panic and sell it. When prices rise, you may feel remorse for your previous decision.
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snowyy
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August 11, 2018, 05:31:42 PM |
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I have enough storage for my coins and I don't think that we will be panicked and sell the bitcoin when it down to your set level.
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billionaireSHS
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August 12, 2018, 01:50:24 PM |
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Well for me, I don't have panic selling point because my friend which is legendary in bitcoin told me that there is no point of panicking since it is normal that bitcoin price was going up and down. He said also that if you believe in bitcoin you should trust with it.
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