What make people panic sell?

[Greatest2020]

It's simple; human beings generally like following the crowd. No one will want to keep watching his profit sink below cost price when others are cashing out and market is dumping on you, except the long term investors.

So, it's just like a reflex action now....

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[finaleshot2016]

People sell if people dump, that's the basic concept of things in the market. People get fomo or Fear of missing out, and they're very afraid too much that they won't reach that kind of money again. In any behavior, I guess that it's normal since many people are using it to make money and it depends on our own needs.

[Fatunad]

It's simple; human beings generally like following the crowd. No one will want to keep watching his profit sink below cost price when others are cashing out and market is dumping on you, except the long term investors.

So, it's just like a reflex action now....

One of the most common behavior of human being is that they do commonly follow the herd or the trend that is current happening.When they do saw that the price is changing or having some opposite direction and seeing their portfolio is going reds or negative then that is really a solid factor or reason which they would really
make out such action which is to panic sell.Cant really be avoided and even if you are experienced one doesnt mean that you cant really feel these emotions
and its inevitable but with due experience then you could at least make yourself able to do things which is a must.

[tuertezii]

It's human nature, it's fear, it's the demons that are mostly invincible. This is a substance that exists in the human body. It is difficult to erase this kind of thing. You must either defeat him or abandon him.

[CDC AP]

There are several reasons for this. The first one must start to panic because there is a lot of news about the manipulation that is currently happening and those who sell are afraid of losing some of their assets due to this manipulation, besides that there are various other reasons such as they are satisfied with the profits now and they want to harvest of what they planted so far. because it is not easy to maintain bitcoin for now especially at a very fantastic price even though for now a lot of corrections have occurred

[giammangiato]

There are several reasons for this. The first one must start to panic because there is a lot of news about the manipulation that is currently happening and those who sell are afraid of losing some of their assets due to this manipulation, besides that there are various other reasons such as they are satisfied with the profits now and they want to harvest of what they planted so far. because it is not easy to maintain bitcoin for now especially at a very fantastic price even though for now a lot of corrections have occurred

If bitcoins are spent on goods, that's perfect! If they are sold out of fear it is wrong! Of course, if you've spent your savings on bitcoin it's normal to be afraid, if your investments are made seriously and you can go on living without touching them that's great. In any case, fear is the ugly beast that destroys the human being, in all circumstances! Cold blood and hold on

[HUSTLER]

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.

[Jawadu]

Crypto markets are volatile, maybe that's the reason they panic and sell. Not all people are ready to take the risk and keep holding while the price is dropping, only a few of them will hold in that situation and most of them will benefit from their patience. But sometimes it is better to sell than losing peace, the good thing is that we have the opportunity to earn from Bitcoin and Altcoins anytime and anyday when we have a good capital and a good plan.

[Zanab247]

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?

Anything can happen to the price in the market. Now that the price just increased higher, it will be a good condition for all bitcoin investors to be part of this good news that is favouring long term and short term investors in the community. No one want to miss this opportunity because it has been long many bitcoin users has been waiting for the bitcoin price to reach $65k before they can sell which the price just hit $66 few days ago in the exchange market that is causing many customers to start rushing to sell their coins before the price will fall back to #40k.

[Ale88]

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

In my opinion there are mainly two reasons behind the panic selling:
1) People don't understand what they're investing in, hence they don't know the real value of bitcoin;
2) They are too impatient and they think they can become very wealthy in a matter of few months.

There is a reason if the safest way is to simply hodl,

[milewilda]

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

In my opinion there are mainly two reasons behind the panic selling:
1) People don't understand what they're investing in, hence they don't know the real value of bitcoin;
2) They are too impatient and they think they can become very wealthy in a matter of few months.

There is a reason if the safest way is to simply hodl,

Knowledge and emotion is sure thing to be the reason because human beings are naturally that emotional when it comes to various things specially dealing with money which is really previous and valuable to us which it is normal that that we would really be having those kind of reactions which i could say something which is really inevitable but can really be handled out when
you do have sufficient knowledge and experience towards the market. Panic sell is something that do save up yourself on further loss in some times which is good but to think
that recovery is always there then i dont see for it to be a good idea imho.

[Ale88]

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

In my opinion there are mainly two reasons behind the panic selling:
1) People don't understand what they're investing in, hence they don't know the real value of bitcoin;
2) They are too impatient and they think they can become very wealthy in a matter of few months.

There is a reason if the safest way is to simply hodl,

Knowledge and emotion is sure thing to be the reason because human beings are naturally that emotional when it comes to various things specially dealing with money which is really previous and valuable to us which it is normal that that we would really be having those kind of reactions which i could say something which is really inevitable but can really be handled out when
you do have sufficient knowledge and experience towards the market. Panic sell is something that do save up yourself on further loss in some times which is good but to think
that recovery is always there then i dont see for it to be a good idea imho.

Probably I also forgot a third point: people invested money that couldn't afford to lose. And that's the first rule in crypto-investments. I remember the first time I bought BTC, few weeks later I was losing money but I didn't need that money and I was in for the long run. Of course it sucks when you buy something at X price and just a few days later you see you could've got it cheaper but hey, that's how it works.

And probably for panic sellers it's even worse because I'm sure a ton of people who bought BTC back in 2017 at ATH sold losing a lot of money, claiming it was a scam, etc, and look where BTC is now. So panic selling doesn't lead to a single mistake, they're actually two because you lose money selling and you also have a missing profit later.

[BlackMan8]

Panic selling is only for novices, some people want to stop the loss in time when the price drops. Panic selling is a mistake that everyone will easily make because they are not firm in their faith and do not believe in coins. When the price reaches a high level, many people are satisfied and have already made a lot of money, so they sell normally to make a profit, fearing that the price will fall in the next second, and seize every opportunity for a high price. But there will be greedy people who are reluctant to sell when the price is the highest. As a result, the price drops and the sale makes very little profit.

[lelahenderson]

When you buy a coin, you expect its value to increase so that you can make a profit with it. But when it makes an uncertain move and you see all your hopes falling apart, you start panic selling it.

[dimox]

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

In my opinion there are mainly two reasons behind the panic selling:
1) People don't understand what they're investing in, hence they don't know the real value of bitcoin;
2) They are too impatient and they think they can become very wealthy in a matter of few months.

There is a reason if the safest way is to simply hodl,

Knowledge and emotion is sure thing to be the reason because human beings are naturally that emotional when it comes to various things specially dealing with money which is really previous and valuable to us which it is normal that that we would really be having those kind of reactions which i could say something which is really inevitable but can really be handled out when
you do have sufficient knowledge and experience towards the market. Panic sell is something that do save up yourself on further loss in some times which is good but to think
that recovery is always there then i dont see for it to be a good idea imho.

Probably I also forgot a third point: people invested money that couldn't afford to lose. And that's the first rule in crypto-investments. I remember the first time I bought BTC, few weeks later I was losing money but I didn't need that money and I was in for the long run. Of course it sucks when you buy something at X price and just a few days later you see you could've got it cheaper but hey, that's how it works.

And probably for panic sellers it's even worse because I'm sure a ton of people who bought BTC back in 2017 at ATH sold losing a lot of money, claiming it was a scam, etc, and look where BTC is now. So panic selling doesn't lead to a single mistake, they're actually two because you lose money selling and you also have a missing profit later.

newbie always think that price always getting higher after they take it. the fact, volatility make you realize about the price, you can feel that you are wrong if that price is low enough.
lack of knowledge and regreting something be the parasite number one. people still complain about everything, when the best choice is learning.

[Beparanf]

When you buy a coin, you expect its value to increase so that you can make a profit with it. But when it makes an uncertain move and you see all your hopes falling apart, you start panic selling it.

This will only happened if you didn't set a stop loss on all of your trades. There's different factor involved in panic selling. Your comment is the most general reason there's a lot of factors beneath that. Many traders are investing money that they need for there daily expenses that's why they are too sensitive everytime there's a sudden downward on the price. Trading using a money dedicated for other things will just give pressure to trader that's why they often panic.

[goldkingcoiner]

There are many reasons that make most people panic selling, maybe one of them is because people are pressed because of the economy, because of the needs of their families, and there is also the influence of people who post negative things about bitcoin, thus making him panic, and immediately sell, because he is afraid of the price. down again..

More than purely the need's of someones family or economic fears, I would probably say the first and foremost issue are impulsive reactions to something they saw or heard. Its always impulse that makes a bad trade rather than keeping on following a certain strategy. They see something bad about Bitcoin on the news channel, they run to their computer or pick up their phone to press the sell button without second thought. Its just human nature.

[Hamphser]

There are many reasons that make most people panic selling, maybe one of them is because people are pressed because of the economy, because of the needs of their families, and there is also the influence of people who post negative things about bitcoin, thus making him panic, and immediately sell, because he is afraid of the price. down again..

More than purely the need's of someones family or economic fears, I would probably say the first and foremost issue are impulsive reactions to something they saw or heard. Its always impulse that makes a bad trade rather than keeping on following a certain strategy. They see something bad about Bitcoin on the news channel, they run to their computer or pick up their phone to press the sell button without second thought. Its just human nature.

Just a human nature indeed and even im already experienced or not a newbie anymore but still i do get still affected with these kind of moments on where i do sometimes make out reactions something like this

specially when my guts and intuition kicks in for me to sell out on whenever i do hear out some news which it do seems that could really be impactful on the current market condition.

There are really times that no matter how you do avoid but still there would be some voice inside your head that you would need to sell.

[darkangelosme]

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

For me i think it's only the law of sell when high and buy when low especially for those who trade in the daily basis but if you see Bitcoin as an eye of an investor you surely wait for a few years to gain profit wether Bitcoin or other cryptocurrencies.

[JimboToronto]

What make people panic sell?

Because they're traders. Their main object is to try to accumulate fiat currencies.

They're not really interested in Bitcoin.