What make people panic sell?

[Mat195]

Ehh thats just tge market.... People buy people sell

[ali1177]

People selling bitcoin in panic when they hear that their country is going to ban bitcoin this happened with me many times in the beginning I used to be very scary what would I do if i will lose my money which I invested in bitcoin but now I understood nobody directly can ban bitcoin.

[Sithara007]

People selling bitcoin in panic when they hear that their country is going to ban bitcoin this happened with me many times in the beginning I used to be very scary what would I do if i will lose my money which I invested in bitcoin but now I understood nobody directly can ban bitcoin.

Hmm.. this has happened multiple times here in India. There is no clarity on this issue from the government, so any rumor or FUD circulating around in the social media can have a great impact on the local users. First occurrence was in 2018, when the Reserve Bank of India issued a warning (not a ban) against cryptocurrency and prohibited banks from working in the cryptocurrency sector (the ban was struck down by the supreme court in 2020). Then again by the end of 2020, a bill which would have made possession of cryptocurrency a criminal offense was listed in the parliament website. After a lot of social media campaigning by the users, the government decided to shelve the bill. But on both the occasions, it resulted in panic selling among the Indian users.

[marine4u]

Panic will affect the nervous system, direct psychological impact will be accompanied by hasty decisions, not controlling your own behavior.  Impatience, lack of confidence are the reasons that accompany the panic that shows the failure in this market.  All that happened after that, was guilt and regret

[NathanielParker]

This is a normal situation. When people hear negative news about Bitcoin, they will choose to sell. They are newbies to cryptocurrency and they are afraid of failure. This is also the reason why most newcomers fail to invest. This will also be the experience accumulated for their future investment, and the wasted opportunity can only be missed. The potential of Bitcoin in the future is still worth long-term investment.

[electronicash]

it's not because they wanna get out of Bitcoin and cash out to fiat. i tend to sell as well when i see price starts to crash while we are expecting another climb. so whenever this happens i will have to recheck the chart and if its possible to profit from the drop which could be another lower/higher low, i will sell to try to see where i could buy again.

its a bit of experimenting i guess. like right now I've just sold again  in $50,000 for i see it may go down. but wish me luck

[imstillthebest]

no btc isnt going up the whole time but it also has a history of downs many times and this is why some people sell when they saw the price rising because they are afraid that price will go down again .
 let them sell with all their heart because they wont have a chance to earn a nice profit when btc reaches 500k and more but you that strongly believes in btc will get rewarded when the right time comes .

[Wong Gendheng]

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.

When we buy bitcoins of course hoping to make a profit, if the price drops then this is a better opportunity to buy cheaply, bitcoin has been more than 12 years and the many negative campaigns through FUD and FOMO have happened thousands of times, as holders of course we will not do a stupid hol that is by selling cheap.

[nelliella]

yes everyone knows it wont go to 0 , for me i panic sell because i m afraid of a collapse like 2018 , and don't want to wait 2 years for a recovery , but most of the people panic sell becuase big boys trying every others ways when it's going down , like news , like goverments ( china ) . Somehow everytime bad things happens all combined and it is really scary

[Helen-cty]

People choose to sell because they are afraid. This is to prevent more losses. The people who do this are often newcomers who have entered the currency circle and cannot afford to lose. So I suggest that newcomers can invest a small amount of spare money, so as not to be unable to bear the risk.

[Reatim]

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

Because people mostly wanted to earn easy money than longer value .

many of them hates to see their funds losing so instead of keeping waiting , yet they panic sell and react everytime there are bad news or speculative negativities .

People choose to sell because they are afraid. This is to prevent more losses. The people who do this are often newcomers who have entered the currency circle and cannot afford to lose. So I suggest that newcomers can invest a small amount of spare money, so as not to be unable to bear the risk.

actually by selling in panic made them a loser at that time.

if they tend to sell , then they may lose if they tend to keep , also they will lose so choices are made.

[Kittygalore]

For me, it's the mentality and the goal that they had in mind when they first entered the volatile market of cryptocurrency. Mentality because they might be thinking short-term and can't see or has a tunnel vision that a long-term investment isn't in their mind plus they also have the mentality of being paranoid that cryptocurrency might go down someday snd that they want to get out as early as possible.

[CryptoWarriorsssss]

when price is dropping ，

no doubt ， most of us will sell

[qwertyup23]

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

I think you have to consider people on the trading platform. There are also some investors who enter large amounts of BTCs on their transactions that on the slightest increase/decrease on its price means thousands to millions of dollars of gain/loss on their part.

That is why, it is essential that an investor knows the status of his investment. Some people focus on either short/long-term investment but it all depends upon the status of the market. There is no absolute formula where people follow depending on their investment- it's just that the main goal that everyone should follow is "purchase low, sell high".

[blackened515]

This is a normal situation. When people hear negative news about Bitcoin, they will choose to sell. They are newbies to cryptocurrency and they are afraid of failure. This is also the reason why most newcomers fail to invest. This will also be the experience accumulated for their future investment, and the wasted opportunity can only be missed. The potential of Bitcoin in the future is still worth long-term investment.

You are right. People who panic and sell their bitcoin when the price goes down are mostly Newbies, who just got into the Crypto world. They lack confidence and patience, and are afraid of losing. Bitcoin is for the strong hearts. The reason i don't panic when the price falls, is because I believe the price can't fall to $0, and I also see every fall in bitcoin price as an opportunity to buy more of it. Bitcoin will definitely be more valuable in the future.

[Hypnosis00]

For me, it's the mentality and the goal that they had in mind when they first entered the volatile market of cryptocurrency. Mentality because they might be thinking short-term and can't see or has a tunnel vision that a long-term investment isn't in their mind plus they also have the mentality of being paranoid that cryptocurrency might go down someday snd that they want to get out as early as possible.

They had come in crypto with a huge market expectation but unfortunately, it was a big difference in the actual scenario and their mindset will start to change into a negative one. That naturally affects their mentality and they started in a panic especially when seeing the market price is going down. It is neither wanted to stop this kind of mindset but that is really since it was an individual decision but I think this could give huge benefits for the investors where it has given a chance to buy their coins at a cheap price.

[Wakate]

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

Since awe have different kind of investors, then people need to panic about when to buy more Bitcoin and when to sell in order to make more capital from the market. Every traders or investors that are in the market have different reasons why they are in the cryptocurrency market.

Some are in the market to as a scalper that is only interested in making small small profits and then leaves the market, while some are just ordinary investors that are in for long term basis and some for just to catch in few profits from the market.

[chichigirl]

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 is the usual scenarion when the price drops a lot of person my sell their btc because some are expecting that BTC will go down and they can buy at the lowest price and hold it in order to gain more.

[Hasan986]

Panic sellers always count the losses. Crypto is where you can make all the profits. Maybe it will take more time but you will make a profit. If you are frustrated, you will panic and lose. During the correction, many people panic started sell. Pumps again after giving his cell to see later. so don't be panic in trade.

[jossiel]

Looking at the charts always.

Someone who looks most of the time and lack of experience makes them panic sell. I was the same before until it helped me endure the market during the bears and bulls.

Also, when someone is in need, he won't care if he panics or not.