Don’t Panic

[Distinctin]

Send all your Bitcoins for HODL in cold storage. You might still panic, but your coins are in cold storage, giving you extra steps to do to move them, and making you stop from doing a stupid decision, like SELLING.

Yes, this is an very effective way of not being tempted to sell your coins. I do not keep my coins in the exchanges and whenever i feel to sell my coins when the price dump, i think that if i transfer my coins to the exchange i have to bear the fees and this make me postponed my decision of panic selling. If you have coins on exchange, it is very difficult for you to refrain yourself from selling.

Weak hands, panic sellers, they will definitely find ways to continue what they are thinking no matter it takes time to do it.

Yep, we can't change their negative mind thinking about selling rather than postponing it because of some circumstances.
We can't stop people being in FOMO once the market rises and so panic selling once they saw correction because what is in their mind is all about buying and selling, can't think about holding (for a while).

[sunsilk]

Send all your Bitcoins for HODL in cold storage. You might still panic, but your coins are in cold storage, giving you extra steps to do to move them, and making you stop from doing a stupid decision, like SELLING.

Yes, this is an very effective way of not being tempted to sell your coins. I do not keep my coins in the exchanges and whenever i feel to sell my coins when the price dump, i think that if i transfer my coins to the exchange i have to bear the fees and this make me postponed my decision of panic selling. If you have coins on exchange, it is very difficult for you to refrain yourself from selling.

It will make you a bit lazy if it's on your cold storage or hardware wallet that requires you to plug your device and verify the addresses before sending. He's right that it's a good strategy which you'll probably end up doing nothing because of the steps that you don't want to go through.

You have saved time and you have also saved your bitcoins from being sold in the market. Just don't panic and a perfect example is when bitcoin went under $30k, who else here managed to hold it until now? See, that's the power of HOLDING, no need to rush and panic at those times.

[tokeweed]

Looks like the ‘don’t panic’ advice still applies with BTC’s being bought up back to 40k right now...  Don’t panic buy.  Lolol.  Avoid market buys and make your buy orders lower to get into a better spot.

This reversal seems to have caused a lot of traders to dump most if their altcoin bags to buy BTC.

Edit:  Typos.

[DU18]

Looks like the ‘don’t panic’ advice still applies with BTC’s being bought up back to 40k right now...  Don’t panic buy.  Lolol.  Avoid market buys and make your buy orders lower to get into a better spot.

This reversal seems to have caused a lot of traders to dump most if their altcoin bags to buy BTC.

Edit:  Typos.

most of the altcoins have now hit quite high prices in the market and it seems like this is the right time for us to sell them, I personally prefer to sell my current altcoins and buy back after the price drops because buying altcoins when the price is high is not a  option good in my opinion and now the price is very risky to fall, so we better save we money and waiting for the price to fall back down.

[KTChampions]

most of the altcoins have now hit quite high prices in the market and it seems like this is the right time for us to sell them, I personally prefer to sell my current altcoins and buy back after the price drops because buying altcoins when the price is high is not a  option good in my opinion and now the price is very risky to fall, so we better save we money and waiting for the price to fall back down.

I do not think that now it is worth completely closing all positions - it will be very offensive if we are at the bottom of the pyramid, isn't it? It is quite reasonable to fix some of the profits now and wait for higher levels, and it is possible to partially sell when they are reached.

[snipie]

Looks like the ‘don’t panic’ advice still applies with BTC’s being bought up back to 40k right now...  Don’t panic buy.  Lolol.  Avoid market buys and make your buy orders lower to get into a better spot.

This reversal seems to have caused a lot of traders to dump most if their altcoin bags to buy BTC.

Edit:  Typos.

Apparently the recent price rise is linked to Tesla buying a decent amount of bitcoin, check here https://bitcointalk.org/index.php?topic=5315588.0

[tokeweed]

^  I was about to ask if this screen shot my friend sent to me was true.  Wow...  What a weird world we’re living in rn.  And the funny thing is Elon Musk was shilling Doge the whole week before this development.  Much misdirection, much wow.  Rofl.

[tokeweed]

Does anybody know what’s going on right now?  Everything was just fine like 5 minutes ago.  5 minutes!  Now everything is in the red and selling down like something just went wrong...

I mean seriously.  I don’t wanna get caught with my pants down this time.  Rofl.

Edit:  Looked around..  Nothing.  Weird.  Classic shake out?

[StreakW]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

For people who already sold their Bitcoin and know the current price, they totally regret their decision, so let them sell it, many people will buy it

You don't have to tell everyone not to panic, if they are mentally weak they will keep selling it, so let experience and regret teach them something

[Sled]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

For people who already sold their Bitcoin and know the current price, they totally regret their decision, so let them sell it, many people will buy it

You don't have to tell everyone not to panic, if they are mentally weak they will keep selling it, so let experience and regret teach them something

It is accepted that not all are supposed to hold for a lifetime, some will sell their Bitcoins as long as they want it.

Yes, we don't need to get bothered by them, they are selling while the others are buying. Actually, this is the reason why we have this volatility, it comes all along.

Buying at $40k, then sell at $47k. It can be a cycle, nothing has changed.

[bitterguy28]

I’ve seen this twice before...  If you’re really thinking of selling, wait for a couple of days when it’s bouncing back.  It could bounce back to 36k - 38k and give you a chance to sell at a better price.  If it doesn’t...  We’re f*cked anyway.  Lawl.

For people who already sold their Bitcoin and know the current price, they totally regret their decision, so let them sell it, many people will buy it

You don't have to tell everyone not to panic, if they are mentally weak they will keep selling it, so let experience and regret teach them something

It is accepted that not all are supposed to hold for a lifetime, some will sell their Bitcoins as long as they want it.

Because at some chances there are emergencies that even those HODLERS need to pull out because of that callings.

Yes, we don't need to get bothered by them, they are selling while the others are buying. Actually, this is the reason why we have this volatility, it comes all along.

Because if we ride with them and sell then what will happen to the market? this will only add panicking and the fall will follow for sure.

Buying at $40k, then sell at $47k. It can be a cycle, nothing has changed.

But for me instead of buying at 40k why not wait even longer as the value will surely subside , maybe took long but for sure correction is indeed coming.