What make people panic sell?

[Cryptmuster]

Looking for the right information about Cryptocurrency is important. Doing some research, to enable you know and understand what you are getting in. But, some people don't do that. Many just gets into Crypto world, and buy coins at higher prices, and when the price dropped. They panic and sell. This results to them losing instead of making profits. Which is indeed a stupid move. They end up saying Bitcoin is scam. Without knowing they were at fault.

There will always be people who will buy at high prices, but if you engage in analysis, it will be obvious that the market very often sags and thus always gives a very good opportunity to buy coins at low prices on drawdowns. The most important thing is not to rush, you do not need to think that it is important to buy faster because the price will rise, you need to have patience and wait for a good time to buy coins, so that don't panic, when the whole market goes down at a drawdown.

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[haasanjui]

Everyone have its own aim price to sell tokens. But Sometime tokens you trade its price dumps too much and people rake stress that will it pump or not, will I not lost my money. Then they sell their tokens in panic.

[chanler]

why some people doing panic sell because they don't know and are confused about what to do with this volatile market. therefore it is important before investing in crypto we really have to be able to understand the market. Don't be easily provoked by the ups and downs of the crypto market. if the market goes down then holding is the best way, it's better than giving up on the situation and doing a panic sell. Remember that the market can go up or down at any time. we just need a little patience and also calm in all situations.

[arditiyan]

for me this called Stupidity , why joining investment that you don't totally understand?

it was a stupid move. I'm sure it only happens to some people. because at least everyone is new to the crypto market. they come with an interest or an offer from someone else. at least new people will look for information in advance about what they are going to buy. no fool would want to waste their money on something unknown.

That's the step that beginners usually take.  they lack analysis, lack of experience but are tempted by advertisements on social media or advertisements anywhere that make them interested in joining.  even though it's very risky

[jossiel]

People panic sell based on what they see or hear and how they interpret it. Sometimes the sell is not because they think it will drop to 0 but because they don’t want to incur significant loss.

And like this time.

There's a likely that many have panic sold because they see bitcoin dropping in price. It's the usual situation that we see people panic selling because of having no concrete plans as they hold and buy bitcoin.

Of course with time they’ll realize they should have just held their coins.

Yeah, they'll soon realize that they should've held it.

[iTradeChips]

for me this called Stupidity , why joining investment that you don't totally understand?

it was a stupid move. I'm sure it only happens to some people. because at least everyone is new to the crypto market. they come with an interest or an offer from someone else. at least new people will look for information in advance about what they are going to buy. no fool would want to waste their money on something unknown.

Many of them are not really into trading and the complex stuff. Most of these people started out in NFT and Blockchain games like Axie, and then they learn dealing with crypto the hard way. The sad thing about their experience is that they are already experiencing the high fees of Ethereum which most if not all blockchain and NFT games come from, and they do not have a slightest clue how to deal with it. But of course as time passes many learn and be able to try other games that are not in the ETH markets and eventually mine different coins in the long run.

[olib123]

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

[floridafranks]

I think people who have been in the crypto space understand that the value of the crypto always goes up, irrespective of the dips and crashes. The panic sell usually occurs from the people who are new to the market and are not used to the volatility of it.

[carlisle1]

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

Good point, any decision making that comes from panicking will turned to regret once the market start to bounce back.

Without further knowledge with how the market is really working, you'll find yourself one of those who easily decide when bad situation happened,

you need to work for more and not to just follow your emotion, if possible better to go against that and make a stand from what you believe on.

I think people who have been in the crypto space understand that the value of the crypto always goes up, irrespective of the dips and crashes. The panic sell usually occurs from the people who are new to the market and are not used to the volatility of it.

Most of experienced traders do know the cycle. It's their knowledge that keeps them surviving making decent money from this market.

[flyer88]

Panic sales made by miners certainly have several factors such as a very urgent need, maybe this is where bitcoin can be proven that it is a very good investment, such as selling the most when we need money by selling the bitcoins we have, but when we want to return to the crypto world we can buy back any bitcoin we want, this is where there is a very instant convenience to the bitcoin world that miners are engaged in today

[Branko]

I feel so relieved now that I don't join signature campaigns...it would hurts my feelings
if I'd have to write 160 letters post about panic selling

[BaeSuzy]

For me the reason why people panic sell because they are misinformed and make decisions out of irrational fear rather than logic.

Its really sad people freak and pull money out.

The only people who get hurt on a rollercoaster are people who jump off.

[FrancesF]

People always like to be dazzled by impulse. This is common. When people suddenly see negative news about Bitcoin on social platforms or on TV, they often impulsively sell Bitcoin to protect their wealth from fluctuations. , And the chain reaction of this kind of thing is often huge, which will make other holders carry out the same selling!

[iTradeChips]

people will cut when they think how much profit can be take in that time, different with panic sell. the first will calculate every move of bitcoin, they sell to take small or big profit than to gain it back. panic sell, just sell coin when they afraid to loss or cant get profit. they just lack of knowledge or newcomer that never see this situation before.

In my opinion, panic selling is now no longer a habit for cryptocurrency holders, because they know that price fluctuations will occur. Usually, panic sells are carried out by new investors and are not familiar with the ups and downs of cryptocurrencies.

True, in the more than 10 years experience of Bitcoin, the then first time investors were able to profit and able to control themselves and not react to the bear periods. They know that ups and downs occur and that there is no need to panic. Many of these first timers who lost before were able to learn their lessons and be resilient with their investments. Only a few weak hands do happen from time to time, newbies who panics easily.

[Tigerheart3026]

many people panic when the price starts to fall they panic and sell tokens not long after the token price goes up this often happens to beginners they panic when the token price goes down.

fearing that the market will fall, most people panic to keep safe their capital at least it's happen with newbies, they can not decide right time when face such situation in bearish market. panic sellers fearing to see in down trend.

[Anguwa]

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 cryptocurrency, every individual has determination and a price setpoint at which his/her aim is reached, so he or she feel free to sell at that particular price and time. Financial instability also cause the panic sell as some people will try invest the amount they cannot afford loosing so in aspects of bear market, they will sell because there is no alternative fund for their survival, while some investors did have full trust in Bitcoin, they just  go in to trading to give it a trial so if it's turn up not favoring their goal they have to sell.

[deathcode]

many people panic when the price starts to fall they panic and sell tokens not long after the token price goes up this often happens to beginners they panic when the token price goes down.

fearing that the market will fall, most people panic to keep safe their capital at least it's happen with newbies, they can not decide right time when face such situation in bearish market. panic sellers fearing to see in down trend.

what they think is the value of their investment. because there is no long-term planning in investing, of course seeing the market move can create panic.
I also panicked when I saw the market collapse rapidly. but when I think about the long-term assets I have, I don't think it's a problem if I have to hold the asset for a longer time.

[Alisha FR]

Some people panic sell because they are human beings which we all tends to make irrational decision sometimes and secondly the price at which bitcoin is some people already concluded that the profit they have attained so far is enough for them so they sell off with any slight drop in price.

When someone decides to sell at a slight decline and has made the expected profit, this is a wise decision. Some Bitcoin holders don't experience as you say, they panic when a dump occurs and if they sell it they will lose. However, with various conditions, both the influence of social media and daily needs, he decided to sell it. Actually this should be avoided when have made an investment, if haven't made a profit, have to wait until the pump occurs.

[Hasan905]

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

Fearing the loss of funds, many have done so because they cannot control their minds on any kind of FUD news, they think it is better to get current price now than to lose it.  So they sell their holdings in bad condition.  Again, many people invest their savings in crypto, which is why there is always a fear in them, which does not allow them to make a decision in a stable situation.

[riskarcher]

it's because of the way they control their finances before the bitcoin dump returns. because psychologically this is the safest way to keep them emotionally in choosing the right decisions to gain profits and avoid losses in the future. because that's how crypto trading works, we have to know when is the right time to get out of the market and find time to come back to enter the market again