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Author Topic: When the price drops Do not panic, It will only make things worse  (Read 164 times)
Levin23
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July 03, 2018, 07:13:18 AM
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If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?
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July 03, 2018, 07:25:51 AM
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If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?
Panic won't affect the bitcoin price since there are so many people using and trading bitcoin every day and they won't get panicked just by some peoples sold due to their panic.
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July 03, 2018, 07:33:12 AM
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Sometimes people get panic when bitcoin price goes down and they sell their bitcoin because they don't want to get the loss too much. They're the weak hand. It will affect eventually and making bitcoin price down again. Just hold your bitcoin and don't cut loss your trade.

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July 03, 2018, 07:33:28 AM
 #4

The people who usually panic are the ones that are into Bitcoin for the quick profits and the people who thought that this was a "Get rich quick" scheme. These speculators are also the ones that cause most of the volatility, because they are continuously buying and selling when there is a drop in the price.

The long-term hoarders are the people who are buying those cheap coins, when these people panic.  Grin

redtrus55
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July 03, 2018, 07:37:24 AM
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The bitcoin price is unlikely to survive at that price alone, the price is bound to change as bitcoin prices depend only on the market, so if someone sells the bitcoin in large quantities, it will definitely affect the bitcoin price reduction.
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July 03, 2018, 10:00:12 AM
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I do not think an investor who knows the digital currency market is ignorant of this rule, except to be a beginner trying to make a quick profit through a short-term investment. Which makes it worse is not investors but trading bots.
Trading bots do not panic but often programmed to reduce losses when the price reaches a certain level, which makes things worse.
When losses continue, they may be satisfied with a small loss other than gambling "keep holding." Grin

CrytopiaRaRa
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July 03, 2018, 10:12:37 AM
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Totally agree,when investors or holders of bitcoin with large number of their wallet and want to sell and dump the price in the market,this affect the market and people start to panic and makes the bear market win.
ahiaba.john@yahoo.com
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July 03, 2018, 10:17:37 AM
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I think price dropping is not as result of people selling off their bitcoin but it could be because of negative news  surrounding bitcoin which are not true. People sell their bitcoin to meet up with some of their need which is inevitable but not always because the price rate is dropping.The last time I sold some of  my bitcoin was as a result of my immediate needs and nothing more.

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Underlord
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July 03, 2018, 10:18:57 AM
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This is about consistency, if you plunge into the world of cryptocurrency you must know the risk, all things can happen, because cryptocurrency especially bitcoin is unpredictable. Panic just makes things worse, so think further before selling or buying bitcoins
Jundel2018
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July 03, 2018, 10:23:25 AM
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The bitcoin price is unlikely to survive at that price alone, the price is bound to change as bitcoin prices depend only on the market, so if someone sells the bitcoin in large quantities, it will definitely affect the bitcoin price reduction.

Bitcoin price will decrease and increase for it is volatile there no need to be panic for it only create chaos in the market. If you will to invest in bitcoin you should know the risk that will happen for its price is unstable. So if you will invest don't rush and take time to understand full what will happen if you invest in any cryptocurrency.
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July 03, 2018, 10:24:47 AM
 #11

When you panic sell when price chart is going down and red well you will loss half if your investment, and you will miss the chance of selling it in high prices so you loss double of amount. So dont panic
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July 03, 2018, 10:25:34 AM
 #12

As i have been involved with cryptocurrency for more than two years and quite aware about price drop, so i don't panic. Newbie investors do get panic and start selling which hurt the market.
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July 03, 2018, 10:33:06 AM
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these panic sellers are the ones that jumped the hype train when bitcoin was making noise and getting popular thinking they could get rich real quick. then when the price they show their weak hands and sell everything. fake investors
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July 03, 2018, 10:35:35 AM
 #14

If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?

If the price drops then I would try to cut my losses and not wait for something to go back. I just have to buy in again if things went okay and bullish. That is the proper way of trading it.
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July 03, 2018, 10:43:35 AM
 #15

Yes, panic selling of btc may lead to have an impact on the fluctuations since more supply of btc will be on the market and these investors are in doubt to this kind of situation. People need to hold their btc's and make that as an opportunity in buying more btc while waiting for it to stabilize and increase the market value. I think traders do sell even for a minimal profit for as long as they will not lose with their investment.

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July 03, 2018, 10:43:55 AM
 #16

There is a rule for trading which is not written, if you do not sell you will not lose. Cause if you keep your funds,  currently you are not in loss.
Please remind it, try to be patient and watch the market closely.

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gasparyu
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July 03, 2018, 03:41:06 PM
 #17

There is a rule for trading which is not written, if you do not sell you will not lose. Cause if you keep your funds,  currently you are not in loss.
Please remind it, try to be patient and watch the market closely.

These rule dos not exist for this panic sellers. Im pretty sure these are the pople that got into bitcoin that thought there will gain easy money
Karisma Black
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July 03, 2018, 05:02:20 PM
 #18

If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?
Did you really have to create a thread for this ?
Wow, so much wisdom.

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Eureka_07
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July 03, 2018, 05:05:35 PM
 #19

If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?

That's right but the real things is we do not really have great impact when it comes to market compare to the whales who invests too much money for bitcoin. If we compare ourselves to these whales, they can manipulate the market better than us. They affect the market if they sell their bitcoin and vice versa.

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July 03, 2018, 05:05:46 PM
 #20

I also totally agree. If the price of bitcoin down do not easily Panic. because there will be time for bitcoin prices to rise again. keep investing as there are no obstacles whatsoever. Keep calm. and smart in facing the situation of the situation .

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