Snappycoco
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Activity: 534
Merit: 19
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May 06, 2020, 03:30:20 PM |
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It'll comeback strong after this pandemic. I am sure some panic sells due to lack of money present in their wallets. They need money to survive this crisis and selling bitcoin is one of their choices.
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Vishnu.Reang
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May 06, 2020, 03:56:34 PM |
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It'll comeback strong after this pandemic. I am sure some panic sells due to lack of money present in their wallets. They need money to survive this crisis and selling bitcoin is one of their choices.
Perhaps this is one of the reason why we are not witnessing any major spike, despite the fact that the next block reward halving is only a few days away. This time, it has been a major disappointment. A lot of the users were amassing coins, hoping that the block reward halving would give a huge boost to the exchange rates. And now it looks as if they may lose their money.
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schuriken
Jr. Member
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Activity: 116
Merit: 3
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May 06, 2020, 04:35:08 PM |
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I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC. We're all holders. I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals. Waiting for data...
in market price always fall and recover.but as a holder we should consider holding for 1-3 years for good profit .i dont sell btc until 18k at all. this is a personal strategy .
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fullhdpixel
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May 06, 2020, 04:44:07 PM |
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I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.
There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.
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panganib999
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May 07, 2020, 11:34:21 PM |
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I do not come up into thinking to do a panic selling despite of the current situation we do have because I do have my full to the cryptocurrencies I do have in my account. I am confident enough that my assets can survive and bounce back even at this crisis so I would not do any panic selling. I will just sit back and find more opportunities to buy more cryptocurrencies while they are still at low price so that once the prices have recovered, then I will be benefited. Why would someone do panic selling if he have trust on the cryptocurrencies he hold?
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TheGreatPython
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May 08, 2020, 04:59:57 PM |
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I am sure that the panic selling is do by a newbie, because for investors and traders who have long known bitcoin will choose holding. Especially now halving will happen in a few days, if there is still panic selling is really unreasonable. But I'm sure the number of panic selling is not much, because the price of bitcoin shows a positive trend. I analyze the bitcoin price movements continue to rise, this is a good sign. I predict the price of bitcoin in the near future will soon touch the price of $ 10k.
Well it is already there almost and I cannot agree that newbies do the panic selling because I have seen the best traders and investors sweating when the price swings happen and recently when bitcoins touched around 4k a lot of friends of mine who, believe me, are good investors and sharp brains but they also cashed out because it felt like corona virus might had something to do with the price drop. I personally consider investing extra money in bitcoins and hence I am not as much troubled by the price drop as much are guys who put everything on line to make some profit. It must hurt for people who sold at 4k and now thinking about buying at 9-10k the same bitcoins. Ouch, that feels bad.
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Sirait
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Merit: 101
1xBit 🏆 │ NotYourKeys.org
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May 08, 2020, 09:07:41 PM |
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panic selling is a bad thing, and it usually happens to people who don't have confidence in Bitcoin. I'm not a HODL, I sell the Bitcoin that I have several times at high prices even though I have to wait a long time
Bitcoin Halving day soon, make the best if there is a drastic price increase
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Oilacris
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May 08, 2020, 09:36:22 PM |
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panic selling is a bad thing, and it usually happens to people who don't have confidence in Bitcoin. I'm not a HODL, I sell the Bitcoin that I have several times at high prices even though I have to wait a long time
Bitcoin Halving day soon, make the best if there is a drastic price increase
Its not actually a bad thing yet there are panic sell calls which eventually do benefit you out which means you did able to sell before the price plummets or goes to the bottom. If you are a hodler then these scenario wont really be that much a concern but if you are a short trader then cutting losses would really be included into your list. Panic selling is an inevitable thing yet we are just humans which do have emotions and just normal to reach when there price corrections do happen along the way. Experience will be one of the factors that would hold you up in committing such action.
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FlightyPouch
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May 08, 2020, 10:05:51 PM |
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that was good of you , you have some funds backup for this pandemic , but some other people really need pull their assets to survive on this pandemic , hope we all can get good ending
I think we can get along with that since we are doing that even in the normal days, we sell when we really needed it. Saying that we can say that there are some that actually panicked but most of them sell in the time of need and that is not panic selling.
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silversurfer1958
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May 08, 2020, 11:25:03 PM |
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I guess there are a lot of people in panic selling BTC so the price of BTC dropped sharply at the time of this writing. And I also congratulate you for making the correct decision at that time. I think now with the price of BTC breaking the $ 10k , you feel happy right now.
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CaVO32
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May 08, 2020, 11:33:36 PM Last edit: May 09, 2020, 12:30:13 AM by CaVO32 |
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I guess there are a lot of people in panic selling BTC so the price of BTC dropped sharply at the time of this writing. And I also congratulate you for making the correct decision at that time. I think now with the price of BTC breaking the $ 10k , you feel happy right now.
Bitcoin is still going up, so those who hodl during those times of uncertainty are now reaping their rewards. And more than possibly, it will still go up in the coming days. So brace yourself for what will be coming ahead of us... Because of halving, we are now seeing the 10k level again, and after that, hoping to increase its value..Panic selling is real but if you know the influence of bitcoin, you will hodl it.
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Xxmodded
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Merit: 309
SOL.BIOKRIPT.COM
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May 09, 2020, 03:18:05 AM |
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Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
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Negotiation
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May 09, 2020, 03:34:51 AM |
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There are many people who have sold panic But I think it's foolish to sell in panic If the crypto market is not stable, its price will be more or less Therefore, if you are frustrated you should not work in faith. I never sold my bitcoin after the panic. Because the price of BTC goes down then its price will go up We just have to wait patiently The future of Bitcoin is much better. Big business or investors never sell they hold on So don't panic and know about the market and then sell yourself.
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farukahmed
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May 09, 2020, 08:28:10 AM |
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Before two years ago today , Bitcoin hit its highest price ever, reaching $19,783. It was the culmination of an incredible year for the digital currency, which had started 2017 at about $1,000. When we think of bitcoin, we remember the last few years, when Bitcoin was 800$ we didn't have a good idea about the market, but the days are going by and we have a very good idea about Bitcoin, but we think what they are. After thinking about all this, they are leaving the market high or low able to make a decision.
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Btc_1856
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May 09, 2020, 09:51:53 AM |
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Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Most of the people will sell their coin due to panic and the situation of the market, before trading we should follow some different ethics because in some cases we should hold the coin instead of selling them for less. That's why we should always hold the profits, which we earned through trading and it might help us to average our previous higher prices. In this way, we can reduce our loss.
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AniviaBtc
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First 100% Liquid Stablecoin Backed by Gold
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May 09, 2020, 10:02:12 AM |
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I didn't sell my coins. Didn't need anyone to tell me that the fall was going to be temporary. I was already expecting the fall, there is a lot that happened this year especially the covid-19 outbreak and I knew that it was going to affect the Bitcoin price, so I didn't bother much because I already knew it was something I would be able to take. I kept holding my coins till everything happened and I'm still holding them now, and I'm happy that the price has been able to recover much.
There was a little drawback yesterday and the price declined to $8,900 but right now again bitcoin markets recovered back to $9250 right now. It is still going strong, and I'm looking forward to the Halving.
Me too, I didn't sell my coins because I still have my allowances and excess budget for surviving this quarantine. I sustained myself because I prioritize my work and family above anything else before this pandemic occur. That's why I have budget to support my family and feed them 3 times a day, I also donated some money for those in needs. Selling my bitcoin is not appropriate and necessary that's why I still hold it no matter what happens because I believe that bitcoin's price will increase, especially that halving is approaching and selling bitcoin is a bad idea and buying is more profitable. It is hard to recover from losses after this halving so you need to become ready and trust bitcoin and be patience if it is a perfect timing to sell it.
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lienfaye
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May 09, 2020, 11:05:32 AM |
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Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital.
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Viscore
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May 09, 2020, 11:23:54 AM |
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Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital. You seem right, we will not panic if we know what we are doing and we understand to risk only what we can afford to lose. In fact, some investors and traders are hoping to grow their money multiple times so they are taking this high risk activity, trading and investing. We are here because we believe in bitcoin and crypto in general, so we will hold and we will not panic. Although I can understand that we are not perfect, we also make mistakes sometimes but at least we need to learn so in the long run we will succeed.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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rodskee
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★Bitvest.io★ Play Plinko or Invest!
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May 09, 2020, 11:45:36 AM |
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Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital. Then if this is what they really meant to do why not go directly in gambling when the stake of winning is too much high than trading?isnt that in gambling if you hit the jackpot there is a huge amount of pot?remember that in crypto the ability to wait is what will save you from losing and not the faster you expect to profit,for how.many.thread here that we saw same situation whos investing the amount of money they dont really.afford to lose and because of greediness they lose everything and blames the market for their own stupidity
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poodle63
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May 09, 2020, 12:15:40 PM |
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Not panic if your source money to trade or invest come from bounty reward or airdrop coin, but how come there are many trader use their daily needed money for trading and get their coin assets with lower price, make panic for selling with lower price too.
Its because of their hope to grow their capital through trading even the money they use are meant for important things and not a spare money. Its really not right but some of us are willing to risk the money we cant afford to lose in order to gain. I think if you chose to do this then be firm to hold and wait to sell higher than your capital. You seem right, we will not panic if we know what we are doing and we understand to risk only what we can afford to lose. In fact, some investors and traders are hoping to grow their money multiple times so they are taking this high risk activity, trading and investing. We are here because we believe in bitcoin and crypto in general, so we will hold and we will not panic. Although I can understand that we are not perfect, we also make mistakes sometimes but at least we need to learn so in the long run we will succeed. fear and panicking is truly human though, some people might said that they don't panic because they know trading very well but in reality no one have clue how the market is going and what will happen in the future, even if the money used for trading is just a leftover money it's still money, everything could happen in the market.
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