iged_war
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July 01, 2021, 11:41:48 PM |
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Not a good time to selling in the current market conditions, there are still many opportunities to be had for higher profits. the problem here is to worry too much and consider many things that affect the mind while holding, well that's the reason we will lose our luck.
seller have no good mental and psychology to face any market condition , they are not ready if their investment getting loss due market crash. In current position we must accumulate our assets to maximize our profits when everything recovered. Its understandable for having worries if the market crash, however if an investor prepared himself for the worse that can happen if he invest in crypto then panic selling can be prevented because you're aware how possibly it can go. This is one of the reason why we need to gain knowledge and condition ourselves to be an investor who cant easily move by FUD to sell at loss. they need to learn about risk management to make them survive in this market, we will loss huge money easily if we didnt set proper money management. We get money from our job need doing hard work and so in this market we have to keep it securely. dont careless with our position .
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jaberwock
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July 02, 2021, 07:16:30 AM |
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if an investor prepared himself for the worse that can happen if he invest in crypto then panic selling can be prevented because you're aware how possibly it can go. This is one of the reason why we need to gain knowledge and condition ourselves to be an investor who cant easily move by FUD to sell at loss.
Yes, traders go for unplanned selling when they are not fully aware of how strong bitcoin is, in long-term. When you're confident about having huge price levels like $100 in coming months then definitely you will not sell at the current price levels. Only those traders who are not bothering about learning the fundamentals of bitcoin might be selling right now. they need to learn about risk management to make them survive in this market, we will loss huge money easily if we didnt set proper money management.
Most traders are selling when the market is falling down as per their risk management principles but when they are good at the fundamentals of bitcoin then they will never need to sell in losses; this way they will still survive in this crypto trading but need to be more patience so that they could get into profit zones. I agree with the fact of selling for the reason for risk management but you never need to get panic when you're holding bitcoins; this way you never need to sell by deviating from your actual plan.
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nowlscor18
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July 02, 2021, 11:30:59 AM |
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seller have no good mental and psychology to face any market condition , they are not ready if their investment getting loss due market crash. In current position we must accumulate our assets to maximize our profits when everything recovered.
And the opposite is being done by the newbie who eventually became sellers in panic. They've invested out of their emotion and they don't know that it must be a combination of knowledge in the market. The first and foremost rule in investing is that there's a risk whatever cryptocurrency they buy except the stable coins. It is a great strategy that one must accumulate when panic sellers are there to sell at loss. It is not surprising to know that most newbies are easily panicked by the changes in the crypto market. This is because newbies do not have good experience and knowledge to analyze the market, so it is very natural that many newbies sell out of panic. But as time goes by, I believe these newbies will learn from their mistakes and be more in control of their emotions when investing in crypto. Yes, they don't have. And when I was a newbie too, lack of experience and knowledge. I used to panic sell with a very little capital like $100 and lower. That's making me panic and selling at loss. Loss from around $20-$50. Yes, when crypto currency experiences downfall it is really expected that newbie will panic on selling their coins just to earn profit even it is too little. But, I suggest that they must hold their coins this time since crypto market experiences downfall. Holding is the best choice right now and when you already reach your goals in this then I guess it is already your time to sell it.
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sana54210
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July 02, 2021, 06:40:24 PM |
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Most traders are selling when the market is falling down as per their risk management principles but when they are good at the fundamentals of bitcoin then they will never need to sell in losses; this way they will still survive in this crypto trading but need to be more patience so that they could get into profit zones.
I agree with the fact of selling for the reason for risk management but you never need to get panic when you're holding bitcoins; this way you never need to sell by deviating from your actual plan.
Unplanned selling is the death of profit. If you write down all the purchasing prices and selling price before you even make any move, then you will be the one who will profit from the directions no matter where it goes, because the price hits almost all the prices in a realistic manner. Like let's say you want to buy at 31k and wait for it, planned your buying, and when it reaches you take action and do it, then you say you will sell when it reaches 39k and then price doesn't go there right away, who knows maybe it will crash again after it reaches 36k? However if you wait long enough, eventually it will reach 39k and that is where you will sell and profit. Unplanned movements deriving from fear or any emotion is the reason why there are so many people who are losing money in crypto, make sure what you want to do and just keep doing that without steering to another direction.
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isaac_clarke22
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July 02, 2021, 06:43:19 PM |
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~
Or just newbies thinking that cryptos are purely money maker for them. What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs. What is their common plan B? Loaning. There where they start digging themselves into a deeper hole.
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Fatunad
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July 02, 2021, 07:16:53 PM |
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Or just newbies thinking that cryptos are purely money maker for them. What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs. What is their common plan B? Loaning. There where they start digging themselves into a deeper hole. Not all but majority would really be having this kind of mindset which is really a bit common.This is what happens when you dont do your research, you should be aware on how this market actually works. You would soon realize that making money isnt really easy on this field so better be aware on how this works and you would make yourself do able to avoid into those common problems. Asking out on whose selling then this do basically talks about sellers and buyers so you could precisely say that they are the ones who do make out those kind of activity which is a basic thing. What matter most here is that you do know on how to ride with those price movements and make yourself profitable.
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RealMalatesta
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July 02, 2021, 07:46:23 PM |
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Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
I don't exactly what you are trying to emphasize here. Just all I know that most of the altcoins are dependent into Bitcoin, base on my own understand when it goes up, the altcoins will follows whether it is pump or not, So you didn't specify if this wallet you are talking about is in the exchange or cold wallets? Yes, almost all the coins trade in the market based on how Bitcoin is doing but this is what confuses me the most. Why do altcoins drop if BTC is dropping? There must be a solid reason because when altcoins are dropping it does not alter the movement of BTC by much. If BTC is ultimately going to control all the movement we see in the crypto market then why shall one even invest in them. I could understand years back why bitcoin dominated the market and movement of all cryptos but now given we have so many coins and such a humongous market with various cryptos at the top, I don't think altcoins should be dominated by bitcoin and its price, but they still are and that's a fact.
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MinoRaiola
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July 02, 2021, 07:48:27 PM |
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Everyone who needs money or wants to buy something does sell. Another group are investors who think they are losing their money. I don't include traders at all, they want to keep buying and selling. So people who do not believe in bitcoin are usually very shaky out again.
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DoublerHunter
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July 02, 2021, 08:40:47 PM |
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Everyone who needs money or wants to buy something does sell. Another group are investors who think they are losing their money. I don't include traders at all, they want to keep buying and selling. So people who do not believe in bitcoin are usually very shaky out again.
^ I don't even know what is the reason either and based on the marketcap price, BTC was in the range of $33 plus this week or this month, I don't see any improvement right and it seems there is someone controlling the price. I don't see there was selling, but I believed there is a manipulation of the price which makes the price was struggling in that range. There are too many factors that we must be considered and I don't think selling was the main reason behind the price. Look at now, once again the influencer on Twitter trying to pump the price through his tweet.
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barbara44
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July 02, 2021, 08:57:11 PM |
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Or just newbies thinking that cryptos are purely money maker for them.
That might be another reason indeed. A lot of newbies or new traders jump into the crypto market expecting to double their capital within a few days after they see all the hype created on Twitter and other social media. When faced with reality, they fold rather quickly and are the ones who panic the earliest. There are plenty of amateur traders in the crypto market right now. What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs.
Haha, exactly the kind of thought I had. I have seen people even taking loans to invest in cryptocurrencies which may have worked out if the loan was taken with prior planning but these guys just gamble with their money and consider themselves to be traders. What is their common plan B? Loaning. There where they start digging themselves into a deeper hole.
And at the end, they will blame bitcoin for their loss and start talking thrash at their social media handles.
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South Park
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July 05, 2021, 09:11:48 PM |
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~
Or just newbies thinking that cryptos are purely money maker for them. What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs. What is their common plan B? Loaning. There where they start digging themselves into a deeper hole. That is what they think, they see ads on social media saying that they can come to this market and make a fortune and while this is not completely false the ads forget to mention this only happens to a few lucky newbies, the ones that can become profitable and which are not dependent on luck are the ones that have a complete trading strategy and that can obtain profits consistently, and yet the newbies never stop to consider this and that is when they begin to lose their money.
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travwill
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July 05, 2021, 09:41:41 PM |
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Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes. Such people very often do not withstand such pressure and sell their coins during the downtrend.
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South Park
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July 09, 2021, 08:35:23 PM |
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Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes. Such people very often do not withstand such pressure and sell their coins during the downtrend.
And the worst part is that a great deal of those newbies could have avoided that fate if they were willing to wait long enough, after all when the price stopped moving up it was clear that something was about to happen, the price could have gone up or down but that was the moment to wait and let the market decide which direction it will go, but they were greedy and bought at the worst possible time and now they are suffering the consequences of such a mistake.
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Kelvinid
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July 09, 2021, 08:55:23 PM |
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Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes. Such people very often do not withstand such pressure and sell their coins during the downtrend.
Yes I agree, people who are selling are those weaks especially newbies that panic during the downfall of the market. People who are selling are those risk taker and those people who just depend on cryptocurrencies to sustain their daily needs. Instead of holding, they will sell it even in a small amount because they are not sure if those crypto coins will rise again. But I suggest they must hold it and trust those coins they are holding because maybe they will earn huge profit in the future. Not all who sell their crypto are we called weak hands but just to think that they have a reason why they do it. I respect them as they have the right to decide what they would like to happen with their investment. And we have the reason also why we just hold, that is the same. Imagine that, if we all are going on the same path like we all are holding together when it declines and sell together when it pumps, you can never see the market is good and profitable. We can't change the nature of the market and that supposed to have someone is selling and someone is also buying.
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Distinctin
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July 09, 2021, 10:54:42 PM |
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Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes. Such people very often do not withstand such pressure and sell their coins during the downtrend.
And the worst part is that a great deal of those newbies could have avoided that fate if they were willing to wait long enough, after all when the price stopped moving up it was clear that something was about to happen, the price could have gone up or down but that was the moment to wait and let the market decide which direction it will go, but they were greedy and bought at the worst possible time and now they are suffering the consequences of such a mistake. Very often to happen that newbies will never think about the future but just for today or in short term. That is why they mostly got panic when the market shows a decline as they are worried that they can't get their money back, they are not comfortable. And this happens when we just jump on the market not knowing if that will be the best position to buy. If they had come during the hype and buy, this kind of investors has no doubt that they are already selling.
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Slow death
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July 09, 2021, 11:05:40 PM |
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I want to ask the following question:
if all people don't sell bitcoins, how will the price go up?
if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?
it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl
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Cling18
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July 10, 2021, 02:30:23 AM |
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As for me, people who are selling are those who are just taking advantage of the market. They sell when the prices are high and buy again after they dumped. That's the normal strategy of a huge number of traders. Instead of holding for a long time, they prefer gaining profit in just a short time by buying and selling. Newbies would sell especially when they feel fear and that's a normal action of beginners.
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South Park
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July 13, 2021, 10:28:50 PM |
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I want to ask the following question:
if all people don't sell bitcoins, how will the price go up?
if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?
it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl
While true we cannot force people to act against their self-interests, if people think that it is best for them to keep holding their coins instead of spending them on anything else then that is their right and they can keep holding their coins, I think we could begin to see more of this once we got more people to adopt bitcoin and also when bitcoin reaches something closer to its true value, which is way above the current prices we are seeing right now.
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nowlscor18
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October 26, 2021, 10:57:07 AM |
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Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes. Such people very often do not withstand such pressure and sell their coins during the downtrend.
Yes I agree, people who are selling are those weaks especially newbies that panic during the downfall of the market. People who are selling are those risk taker and those people who just depend on cryptocurrencies to sustain their daily needs. Instead of holding, they will sell it even in a small amount because they are not sure if those crypto coins will rise again. But I suggest they must hold it and trust those coins they are holding because maybe they will earn huge profit in the future.
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zaesvlas
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October 26, 2021, 12:49:30 PM |
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I don't think we will see this in the near future. Although the crypto market is unpredictable, you still need to have certain predictions.
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