What make people panic sell?

[Gosgosking]

Fear can be a reason why one would want to sell a coin. I mean of if the price may fall, with this mindset some persons would  sell it to avoid the risk of loss. Not having patience can also want a person to sell it off too.

[1714151143]

1714151143

[1714151143]

1714151143

[Rufsilf]

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 don't think that they are selling in panic, atleast not all people. Some are just selling and ripping their profits instead of holding it because we have our each goals when is the best to sell, and when that goal is achieved then it's better to sell it than letting in sit to become an unrealized profit. There's always fear and anxious mindset who always thinks ahead in wrong direction that's why instead of getting profit, they end up losing their investing due to panic, yet we cannot blame them for being impatient.
And there are some who are committed to hold for long-term investment with a long-term goal.

I think panic selling is the right term for people who panic sell when the price dips deeply.

[Skybuck]

Panic Sell = Computer Glitches ! Good luck with that ! =D

[Cryptmuster]

A kind of fear of loosing profits or the capital so there happens a panic sell or buy when there is a sudden pump or dip. It all happens to the new traders. Only patience can just help to over come all these. But yes it takes time. It comes through experiences when time passes by. And daily updates on the coins we have invested, will certainly help to analyze the market and move accordingly.

Fears are most likely, and above all fear of losing profits. Because now, probably all who have invested their funds in bitcoin are at a profit, and any fall will mean the loss of this profit. That is, the more the price falls, the more profit is lost, probably this moment can lead to a panic sale of bitcoin.

[Reatim]

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Look how you flood this forum with your Same post in thread after thread.

_______________________________________________________

Panic Sell = Computer Glitches ! Good luck with that ! =D

Never Panic sell, instead believe in your instinct .

[illetyus]

Scientific fact: When you experience fear, the logic region of the brain starts to get blocked.
The limbic system takes control to stop the stress.
You sell and you lose. However, there is usually a sense of relief. Because the stress is gone.

[Mauser]

We humans are herding animals, we like to be in groups and follow each other. Our ideas need to be validated by others, nobody likes to be alone with his ideas. The confirmation we seek either comes through friends and family who encourage us or through the news. Reading positive or negative news have a huge impact on our decision making. That is why the sudden panic sells are so devastating, once a large enough group of traders start dumping their coins it is going to affect a lot of other traders. These events are not rational, it's pure emotions that take over and make us run for the door. Withstanding a panic sell requires a good stomach because nobody wants to be left without a seat when the music stops. As soon as there is a big drop in prices I find myself also struggling with the idea of selling my coins. Even if I still believe in it, my brain tells me to sell now and just buy them back at a later stage for cheaper. The problem is that we don't know when the floor will be reached, with the last crash BTC dropped down to 30,000 USD, but who knew it wouldn't go down to 20 or 10,000? The risk with the panic sell is that we have to rebuy at a later stage for much more.

[xSkylarx]

A kind of fear of loosing profits or the capital so there happens a panic sell or buy when there is a sudden pump or dip. It all happens to the new traders. Only patience can just help to over come all these. But yes it takes time. It comes through experiences when time passes by. And daily updates on the coins we have invested, will certainly help to analyze the market and move accordingly.

Fears are most likely, and above all fear of losing profits. Because now, probably all who have invested their funds in bitcoin are at a profit, and any fall will mean the loss of this profit. That is, the more the price falls, the more profit is lost, probably this moment can lead to a panic sale of bitcoin.

YES, this has a point, which is really the most common reason why people panic sell their coins, but there are also times when they require money, which is why they must sell their coins. When it comes to panic selling, I believe that most of the people who do it are new to the market because they are afraid of small drops and are not yet accustomed to them. However, for those who are well-versed in the market, they are not concerned if the price drops because they are confident that the price will rise again later.

[DewiKirana]

What makes people panic sell can be caused by those who are just starting out in the cryptocurrency world, lack analysis, just go with the flow and don't have a strong stand in making decisions.
There is one more thing that makes people panic sell, they are afraid that the coins they hold will burn to zero.

[Munir575]

I believe most people sell because they believe bitcoin will definitely dump so they don't want it to be dump on them so they sell when the price is high and buy back when the price is low, after getting to all time high people don't really believe bitcoin will break the all time high they are scared of dump so they will sell.

[andriarto]

What makes people panic sell can be caused by those who are just starting out in the cryptocurrency world, lack analysis, just go with the flow and don't have a strong stand in making decisions.
There is one more thing that makes people panic sell, they are afraid that the coins they hold will burn to zero.

In addition to new investors in the world of Crypto, Panic Sell can also occur for seniors who have not stable psychology, where the trader has actually been profitable, but not sold, so prices dropped dramatically and at that time there were many of us who had panic selling, so from it Psychological is very decisive. There is also for traders who have been profitable, but have not been targeted, they are afraid when at times market crashes, and finally they panic sell by bringing a little profit

[V-t.Ester]

Actually the way traders make money is selling on high and buying on low. However sometimes traders don’t deal with situation at the market and make wrong orders: are buying on high (instead of to sell) and are selling on low (instead of to buy). Then traders try to remedy the situation and lose some amount of money because they sell/buy by market price that can be lower/higher than their previous order (this is undesirable losses). In easy words traders do all these not because they don’t believe that one day BTC will reach 500K or panic, they just don’t sit hodling but they want to make some more money now. In case they will be very lucky and will always make right orders during some period of time they really can make 1 BTC from 0.0001 BTC by everyday trading and without any more investments.

[blackened515]

My own experience and opinion is that when you buy any coin or token,when you know that it well pump in coming days, and the coin or token start dumping . Than you loose your patience and panic to sell

Not everyone. When you buys a coin, and was expecting it to pump, and then the price start falling. You don't have to loose you patience and sell. What if after falling, the price then start pumping, won't you regret selling at a lower price? You will definitely regret your actions. Although, some people are not patience enough when it comes to holding of coin. Especially Newbie, they are always afraid of losing their funds.

I believe most people sell because they believe bitcoin will definitely dump so they don't want it to be dump on them so they sell when the price is high and buy back when the price is low, after getting to all time high people don't really believe bitcoin will break the all time high they are scared of dump so they will sell.

Bitcoin price do rises and falls. When the price dump,I think it should be an opportunity of acquiring more of it, rather than selling the ones you already have. However, some people are probably afraid of dump, so they end up losing on their Investment, instead of making profits.

[virasog]

My own experience and opinion is that when you buy any coin or token,when you know that it well pump in coming days, and the coin or token start dumping . Than you loose your patience and panic to sell

Most people are newbies in the crypto currency and they do not have any vision for thier investment.
If anyone invest with a mind set of getting rich overnight , then they will panic sell if the prices start going down.

[dimox]

My own experience and opinion is that when you buy any coin or token,when you know that it well pump in coming days, and the coin or token start dumping . Than you loose your patience and panic to sell

Most people are newbies in the crypto currency and they do not have any vision for thier investment.
If anyone invest with a mind set of getting rich overnight , then they will panic sell if the prices start going down.

we know if crypto can make you rich faster than other, there are many people take that advantage for some little day. but we can learn in stock, if you swim on investment, never think to get rich faster, but think far enough to prepare whatever situation. you are ready to have dump, and pump.

[Farma]

Scientific fact: When you experience fear, the logic region of the brain starts to get blocked.
The limbic system takes control to stop the stress.
You sell and you lose. However, there is usually a sense of relief. Because the stress is gone.

Well, this is in the realm of the world of health.
in short, panic selling is caused because so many FUDs are scattered, so people are afraid of getting bigger losses, and think that selling now is the best way to stop these losses. well, as a result, a large dump occurred due to panic selling.

[blockman]

we know if crypto can make you rich faster than other, there are many people take that advantage for some little day. but we can learn in stock, if you swim on investment, never think to get rich faster, but think far enough to prepare whatever situation. you are ready to have dump, and pump.

Those who think of getting rich too quick, they're the ones that are failing mostly. Because of the hype of their minds of being rich as soon as possible, they're making things impossible but in the wrong ways. People who has lesser experience in crypto and they've bought it because of the rich quick that they've heard from someone, they're the ones that are panic selling whenever the market goes even at the smallest correction that it can.

[Cnut237]

What make people panic sell?

Panic makes people panic sell.
Generally it can be because they are newish to crypto, and have never experienced a price drop before, they are unaccustomed to what is often quite large volatility, and the uncertainty amplifies their concern beyond what is reasonable.
But it depends on the coin. If they are backing some low-cap low-volume alt that has suddenly gone x100 in price for no discernible reason, and then started dropping, then panic-selling might be a perfectly rational response.

[tippytoes]

What make people panic sell?

Panic makes people panic sell.
Generally it can be because they are newish to crypto, and have never experienced a price drop before, they are unaccustomed to what is often quite large volatility, and the uncertainty amplifies their concern beyond what is reasonable.
But it depends on the coin. If they are backing some low-cap low-volume alt that has suddenly gone x100 in price for no discernible reason, and then started dropping, then panic-selling might be a perfectly rational response.

This is true, if the person has not experienced a downward movement before, he would certainly panic sell. And mostly, those are newbies in the market. However, it can happen also to old timers, if they are holding some alts which suddenly drop its price, where they are hoping to gain good amount of profit. And if they see that the project doesn't have much reason to exist, in short, no solid application in the market. They would panic if the trend is in continuous downward motion, because normally, it would not go up again. Most projects with this kind of performance are those pump and dump coins, crap tokens/coins, hyped up coins. Newcomers as well as old timers panic sell when they are holding those coins.

[proTECH77]

Bitcoin is still dominating as the king among other cryptocurrencies in the market. Bitcoin cannot decrease to $0 because there are many altcoins which are very close to bitcoin items of pumping in the market. Now that it has been long for investors have be waiting for the price of bitcoin to increase to $60k before they can sell to achieve good profits from the market. Anyone that is still holding can still be among the lucky investors, if only they can release their coin for sale, since the price just increase to $68 which it can dump at any moment from the market.