What make people panic sell?

[DaveF]

I know stop loss has been mentioned, as has taking gains. But there is also the opportunity cost of money. If I think BTC is going to go to $95k in the next year or so (double it's value today), but I also think coin X or stock X or whatever is going to triple it's value then I am getting out of BTC to put my money in there because I feel it has the potential to make more money.

There are a lot of people looking at a lot of things, and because of that you are going to get a lot of opinions as to where to put money.

Note: The I is not me the just general I

-Dave

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[mrongos]

those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin, when the price is unstable..

[carrigan]

I think people are panic selling because they are affected by social media trends related to cryptocurrencies. Their feelings must be indecisive or confused, this usually leads to negative conclusions and they end up just staying silent. The second possibility is that people panic sell precisely not because they panic, but maybe they have previously determined the profits they will get, this is part of traders who are not greedy.

[iTradeChips]

If you come think about it, panic selling is really something only a weak hearted investor or trader would do. You will notice when there are sharp declines in trading then you will see the trades of those who want to sell go faster and faster at least they could sell a few of their satoshis with a loss. For those who are new to Bitcoin should always be the ones who will panic sell first. If you don't have enough discipline and the mental control and patience for a volatile market then only way for you to survive is to invest and then get back to it after many years without looking at the prices.

[taufik123]

panicking too much and not having a trading strategy will make investments go awry.
Panic selling will only result in losses.
Psychology will really be played when the price starts to fall and continues to fall, between having to hold on or make a cut loss.

Having a good initial strategy will provide good decisions as well, such as what percentage of stop loss is used, so that the loss is not too much, as well as take profit at what price to stay consistent and have a profit.

it all depends on how often you trade, so that the analysis begins to be trained and the psychology is also getting better.

[conected]

I think people are panic selling because they are affected by social media trends related to cryptocurrencies. Their feelings must be indecisive or confused, this usually leads to negative conclusions and they end up just staying silent. The second possibility is that people panic sell precisely not because they panic, but maybe they have previously determined the profits they will get, this is part of traders who are not greedy.

Social media has a strong influence that can make investors panic, but in my opinion, what makes panic selling is the opinion of the world public like Elon Musk, when he says negative things about crypto, the market drops for a long time, besides being banned from big countries like China, of course, makes investors panic.

- Social network is a library with topics updated daily and many people here for a while with very mixed good and bad intentions, sometimes someone's mood is good but read some topics about negativity and attachment below are other people's answers, attention levels increase and chills are also produced. A bell hits their hearts then a celebrity knocks a second ring then some news becomes a third ring, a thread of the soul that has been tormented so many times, unconsciously and urgently selling will be the action

[Cling18]

those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin when the price is unstable.

Those who panic are usually newbies without a proper mindset. They usually see Bitcoin as a shortcut to success and that they expect a lot of profit from it not knowing how to deal with the volatility of the market. Bitcoin doesn't have a stable price and anything could happen anytime so panicking and holding without patience could really lead to losses.

[Davidvictorson]

We saw the past from $10 to 60k is going up and up. So it sure it will reach $500k next destination.
But why the hell people panic sell now after it reach this high amount?
Do people really still think it goes to 0?

There soulnd't be any sale presure given the history that we see Bitcoin only going up in value

It has been advised that people should use their spare cash to buy bitcoin since it is not a get-rich-quick scheme. However, there are folks who can’t afford to lose £5 and there are those who go as much as borrowing from friends and family or even corporate institutions to buy bitcoin in the hopes that the ROI will be 150% in less that 4 weeks and when it doesn’t go as anticipated, they sell. That is one of the simplest reasons I believe why people panic and sell.

[5thFear]

When it is dollars, everyone has the tendency to panic. And if the person is new to this, then yes he can fall victim very easily to panic selling. I have made alot of panic selling and FOMO buying. And still does it from time to time. It is part and parcel of the crypto industry.

[Botnake]

those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin when the price is unstable.

Those who panic are usually newbies without a proper mindset. They usually see Bitcoin as a shortcut to success and that they expect a lot of profit from it not knowing how to deal with the volatility of the market. Bitcoin doesn't have a stable price and anything could happen anytime so panicking and holding without patience could really lead to losses.

Panic selling comes only if you're into FOMO so you're afraid maybe you will be left behind or might even lose your investments more so while you see the price is not yet in dip, you start panic selling. And for me, its the thing done mostly by newbies or those who come into the crypto market without much knowledge and preparation. You will eventually lose your money once you start selling on the price lower from what you bought.

I think if people will just hold their coins if the market is unstable, then it will not make them losers. But if they will ride with the FOMO thinking the value might go down into zero, then eventually they're just pushing themselves into a losing end.

[Imran232]

The experts says panic sells reason is Fud. What effects too much on the market. But experts predicts after $60k breakdown and its down price reason Miners, FUD, Company.

Miners got a chance to grab the profit. Miners already have hugr number of bitcoin and they understand that bitcoin got a huge pump now it might dump all because of some fud and company spreading news thats why they start to sell when they start price gose little down.

Then starts fud news which crushed the whole market and company is in involved in this matter. Its not mine word its a word from market analysis.

I think this kind of reason behind panic sell.

[exhort]

Panic sellers just make shorting more profitable. Won't matter, there isn't enough time to get them educated.

[Gyfts]

I like watching the day traders who start to lose their cool because of fluctuations swinging back and forth, and god forbid they are negative a few points on the day. It's a negative feedback loop that's based on short term profit motives. You can think of it like a small snowball that rolls down a mountain getting bigger, gaining momentum, as it goes down - few folks begin to sell and the mindless sheep follow after.

[Vaculin]

those who panic to sell bitcoin, maybe they are not mentally ready to enter the crypto world, because most of them are still weak, and are still too easy to believe in people's negative posts about bitcoin, they don't have a fixed stance, maybe from that factor they panic and immediately sell their bitcoin when the price is unstable.

Those who panic are usually newbies without a proper mindset. They usually see Bitcoin as a shortcut to success and that they expect a lot of profit from it not knowing how to deal with the volatility of the market. Bitcoin doesn't have a stable price and anything could happen anytime so panicking and holding without patience could really lead to losses.

Panic selling will just make your investment fall into losses so if we can still handle the pressure, then stay calm and be patient for the sake of future profits. Although panic selling sometimes becomes inevitable but the more we do it, the more chances we will lose all what we have started.

Even myself still fall into panic selling sometimes especially if some emergency cases suddenly arise but as much as i can do, i will never push through it and still think panic selling should not be our last resort. We can lend money to some friends if badly needed but selling our hard earned coins is not really worth doing.

[verita1]

The saddest experience I have had in relation to the fall in the price of bitcoin was when the pandemic was declared on March 10, 2020. I told myself if I spend all my bitcoin and some altcoins then it will all have been worth it, because my duty is to take care of my family and protect it.
But fortunately the crypto market changed for the better, I did not spend all my bitcoin and I still have my altcoins which are few because I do not need so many.
There is no need to panic, we lose money if we sell our bitcoin or any other crypto that we have.

[Fredomago]

Panic selling will just make your investment fall into losses so if we can still handle the pressure, then stay calm and be patient for the sake of future profits. Although panic selling sometimes becomes inevitable but the more we do it, the more chances we will lose all what we have started.

Even myself still fall into panic selling sometimes especially if some emergency cases suddenly arise but as much as i can do, i will never push through it and still think panic selling should not be our last resort. We can lend money to some friends if badly needed but selling our hard earned coins is not really worth doing.

Panic selling takes place when heavy pressures show up inside the market, when price falls hard if you don't have the nerve to take the risk, then expect that panic selling will happen to you.

It's always good to calm and never to rush your decision. Evaluate the situation and make sure that you judge things according to your knowledge.

People learned from past mistakes you need to work with deeper knowledge, so in times of critical situation you can judge it up to your best understanding and avoid losing or lessen the chance of losing your money.

[CaVO32]

The saddest experience I have had in relation to the fall in the price of bitcoin was when the pandemic was declared on March 10, 2020. I told myself if I spend all my bitcoin and some altcoins then it will all have been worth it, because my duty is to take care of my family and protect it.
But fortunately the crypto market changed for the better, I did not spend all my bitcoin and I still have my altcoins which are few because I do not need so many.
There is no need to panic, we lose money if we sell our bitcoin or any other crypto that we have.

In this market, losing is always inevitable. You can't achieve success without losing. And even if you are already gaining, losing is always there. Because in this market, the price is very volatile and no one can actually give precise prediction of the price. So all are fair in this market. Unless, you get involved with coin of very small market cap that the team behind can easily manipulate their prices.

[Bagong91]

Do people really still think it goes to 0?

I don't think they think it will go to 0 maybe they panic sell because they buy when bitcoin is on ATH and when prices fall and there is a lot of bad news and bitcoin dump that's when they panic sell

[Kiley33]

Believe in FUD and FOMO.
It is not necessarily a panic selling, it may be a timely stop loss. Believe in Bitcoin.
Selling bitcoins at low prices is a minority.
Most of them sell bitcoins at high prices to make money.
No one is a fool.

[Nora Olin]

The price fluctuation of the currency circle has a lot to do with some news about the market. Whether it is good or bad, it will arouse the emotions of investment enthusiasts, especially some unfavorable news, and some novices or inexperienced people are the easiest to choose to sell. This is a human instinct, panic because of falling prices. But we need to be patient if we want to make a profit.