Guys avoid panic sell...

[STT]

Satoshi sold his coins

It wasn't a large amount of coins so not important but it is not normal to see a wallet from 2009 suddenly become active so that occurrence is going to be talked about for the rest of the year maybe.    I'm always just looking at the charts and price was due to pullback, simple because it wasnt advancing and many ride the price up and get off as soon as the gains no long appear immediately.   Doesn't take anything more bearish then that to pull back the price.

[Slow death]

panic sell need not be avoided if the market situation is indeed downtrend, then all we have to do is sell it, or maybe you can hold.
but if you decide to hold, then you have to be patient if the price doesn't return to normal

this has been the biggest problem in the cryptocurrency world, people started looking at Hold as the only option they have or as the only strategy they have, I saw the case of someone who bought an altcoin for the price of 0.09 BTC and that altcoin fell for 0.03 BTC and that person keeps saying that he is holding even though he knows that this altcoin has been priced at 0.03 BTC for over two years. I also think Hold is a good option, but it is necessary to know when it is time to sell so that the losses does not become much greater and the person does not have years with false hopes that he will recover his investment.

I am a big bull on bitcoin, I just want people who have weak hands to get out so the people like me and you who love bitcoin for bitcoin and not for my profits could stay and make this into something much bigger without them.

You need to separate the love for technology and ideology that bitcoin has and bitcoin as an investment.

- Bitcoin as an investment means that you should always make decisions that increase your money because you as an investor your goal is to make a profit

- Bitcoin as something you love (technology and ideology, in ideology I'm talking about decentralization) it just encourages you to learn about the code and network, and contribute your knowledge so that the code is the best possible

[Rubeus_Hagrid]

If people do this, it means that they have not thought out everything well. The money that goes to invest in bitcoin (or at least anything) should be initially "buried". This is the money that will either become less or become more in the future. They can not be displayed just like that.

[STT]

Rejection at weekly or positive phase marker by my reckoning, a slow pullback in price I think this is a fair take.



If we look at previous low points in this last month, lets observe if price can trade below and confirm 8550.  We could have some trend of selling for the meanwhile until returning to better support.

[judaspriest]

Rejection at weekly or positive phase marker by my reckoning, a slow pullback in price I think this is a fair take.



If we look at previous low points in this last month, lets observe if price can trade below and confirm 8550.  We could have some trend of selling for the meanwhile until returning to better support.

Today it looks like the price of Bitcoin will experience great volatility, maybe a dump will occur, because support is not strong at $ 8800, and this happens on weekends, hoping that $ 8500 can be the next strong support and ready to go up

[tbterryboy]

This fall once again showed that everyone is ready to sell at moments notice whenever price goes down. People are afraid that bitcoin could go from 9k to 5k very easily and they are not really that wrong because it does happen time to time but the real problem here is the simple fact that if you are so willing to sell as soon as the price goes down, well it will continue to go down.

It is like a dilemma where someone things price went from 9k to 8k so it will go to 5k and they sell, when enough people thinks like that, price DOES go to 5k, but if they didn't thought like that and hodl, the price wouldn't gone down. Yet since they were technically right and it did went down (even if it is because of them) they think it will happen all the time and they end up panic selling as soon as there is a big fall.

[shoreno]

panic sell need not be avoided if the market situation is indeed downtrend, then all we have to do is sell it, or maybe you can hold.
but if you decide to hold, then you have to be patient if the price doesn't return to normal

this has been the biggest problem in the cryptocurrency world, people started looking at Hold as the only option they have or as the only strategy they have, I saw the case of someone who bought an altcoin for the price of 0.09 BTC and that altcoin fell for 0.03 BTC and that person keeps saying that he is holding even though he knows that this altcoin has been priced at 0.03 BTC for over two years. I also think Hold is a good option, but it is necessary to know when it is time to sell so that the losses does not become much greater and the person does not have years with false hopes that he will recover his investment.

2 years is not that long . you see btc , it does not only take 2 years for its value to grow big like what we have now but it takes many years ( 10 or  more ) so if you are sure or if you believe on the coin that you hold you can go a long way and you can also take btc as an inspiration  .   i have alts too that still have a small value and i think ive been holding them for over 2 years now but i dont care anymore  . i dont buy them at all so i still have nothing to loose  .

[chmod755]

People are seeing the fiat money going crazy in a lot of countries due the inflation, those that are holding Bitcoin and other cryptocurrencies are trying to Hold it for long as they can.

[Dr.Osh]

People are seeing the fiat money going crazy in a lot of countries due the inflation, those that are holding Bitcoin and other cryptocurrencies are trying to Hold it for long as they can.

some people have made sales because they need money. whether it's panic or not, but now it seems that selling assets is not because of panic, but because of necessity. one thing that I feel is that until now I tried to hold my assets until the price went back up.

[Gozie51]

If people do this, it means that they have not thought out everything well. The money that goes to invest in bitcoin (or at least anything) should be initially "buried". This is the money that will either become less or become more in the future. They can not be displayed just like that.

You know sometimes is like like people sell because of panic , they can sell because of financial problem they have. You won't have a coin to raise money from to solve certain Love's issue like health and you don't sell because you want to keep it for future. Investment is for those that are alive brother.

[bearexin]

I had a problem similar to that. Back in the day I was holding bitcoin for a long time, I sold all of my coins on 2017 peak (luckily) but I started to amass even more when it was lower so I said I will hold it as long as possible, probably even until a new all time high after that, put some aside every week.

However one day when it was still low and I was barely losing money (just a bit) I had to sell all of my coins because I came up with a big debt that I didn't intended to do. It wasn't really a nice period because I saved money for almost 1 year and at the end there was nothing I could show for it and had to sell it and when I paid the debt I was left with basically nothing. But I told myself if I didn't saved, I would still be in debt but also have no other way to pay as well so it was a bit bittersweet.

[ecnalubma]

We couldn’t stop people to panic sell during this time of crises, people will be force to sell some of their assets in order to buy food necessities. We don’t even know when these lockdowns will stop, thats why as much as possible we have to save whatever we have specially food and money.

[bitbunnny]

You can't stop panic selling, there will always be users who will do that, especially those with lack of experience and with low stress potential.
But there are also users who will sell because they need money or they sell regulary some amount of coins but they will not sell it at any price without a reason. However, it's hard to judge why would someone sell, everyone has different reasons and motives.
But something that might prevent panic selling is education about how it's Bitcoin functioning, about price and market but not everyone has the will for that.

[Quidat]

You can't stop panic selling, there will always be users who will do that, especially those with lack of experience and with low stress potential.
But there are also users who will sell because they need money or they sell regulary some amount of coins but they will not sell it at any price without a reason. However, it's hard to judge why would someone sell, everyone has different reasons and motives.
But something that might prevent panic selling is education about how it's Bitcoin functioning, about price and market but not everyone has the will for that.

Panic selling is really hard to be stopped even though you do set out a specific goal but it doesnt mean that you wont really be get affected by this
emotion.Experience is one of the factors that would control you up into this one because you do already know on how the market works and what are the possible things that might happen ahead because you already have the glimpse on what happened on the past and presume out that it would happen next time in the present or the time you do encounter in.Some panic sell can really save us for more loss but most of the time this is the main
reason why people do keeping up on chasing their loses in trading since they do sell out early.

[STT]

when I paid the debt I was left with basically nothing.

Sounds familiar, alot of us arent as rich as we think we are.   Savings are meant to be used so you did the right thing but had the unfortunate realisation you were only covering other debts rather then making a net gain and BTC can take so long to recover you have this unfortunate timing shortfall.    Eventually all savings are used in retirement and housing and other normal costs, most people don't make a massive net gain unless they own a business that takes off perhaps but savings can at least stop us getting excessive costs from debt interest which is the worst possible outcome.

Right now BTC is going nowhere and though I'm trying to predict negatively, I think the real hope and dreams might come next year rather then this one.   That was my rough guess and we'll go up and down alot probably but overall I think we come out mostly neutral.



Price is sticking to a two day average like a fly on the ceiling, that is in no way negative tbh however price behaviour is not bullish imo.

[Nazmul012]

Panic sell is part & parcel of crypto market. Nobody can stop them. Agreed that Crypto holders should hodl their asset for long & have patient. But if anyone sell their shares due to manage their expenses
 during this Coronavirus disease (COVID-19), then that's may okey

[FIFA worldcup]

i wouldn't say bitcoin is back to where it was before since there is still at least $1-$2.5k left to get to where it actually was before the virus ruined the world and the markets all around the world. but it is positive even with all the drama going around.
the recent small drop was also because of the "Satoshi sold his coins" FUD that were all over the internet trying to scare newbies into panic selling.

Perhaps you are right and the reasons for the fall are precisely in this. In this case, it is rather sad - I would not say that these are super significant events (for a protective asset), but they very much influenced its price. At the same time, a positive event occurred - halving, but it did not have a strong impact on the price of bitcoin. Apparently the negative situation in the global economy remains the main factor for all investors in all markets.

Global conditions are not in our control but what we can control is not to take wrong decisions based on these negative conditions. These bad economic situation is not going to last forever, so if you have bitcoin keep them save and do not sell them now. Once the things become normal, the price of bitcoin will rise beyond anyone imagination.

[wxxyrqa]

We couldn’t stop people to panic sell during this time of crises, people will be force to sell some of their assets in order to buy food necessities. We don’t even know when these lockdowns will stop, thats why as much as possible we have to save whatever we have specially food and money.

sometimes panic sell is done because of an urgent need, or excessive fear of price movements. we really cannot control that. however, so far, I have also tried to avoid panic sell. it's just that, we don't know how people will sell their assets.

I believe that today there is no reason to panic, especially considering the fact that the cryptocurrency market has been in very good and stable condition for quite some time. In addition, constant forecasts about the upcoming bull run are likely to reassure users, as well as attract investors to bitcoin, which in turn should increase the price of bitcoin and then a mass sale is possible. Of course, this is all similar to information manipulation, but nevertheless, it can be useful. and you’re absolutely right about the fact that you should be wary of the period when users begin to sell in large quantities.

[NavI_027]

I believe that today there is no reason to panic, especially considering the fact that the cryptocurrency market has been in very good and stable condition for quite some time.

Ehem, yeah the cryptosphere was working fine at the moment but I just reminding you that we're all physically living in Earth where fiat is majority used.  Many countries around the globe are experiencing economic recession due to the current pandemic thus most of people need contingency funds. And I think that's enough reason to panic sell especially for those people who are not financially stable. Well, te least thing I hope is just that crypto market will not fall so hard

[Smitty Werben Man Jensen]

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell