BTC back at 20K. Imagine who sold at 17.7K.

[Silberman]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

What happens is that they are different people than the ones that went through something similar during the previous crypto winter, they come to the market thinking about making some fast profits, then when they fail to realize their goals they get nervous, then a crash actually happens and they sell their coins for a bad price and then blame everyone for their losses except themselves, eventually they get disappointed with the market and leave to never return, but they soon get replaced by yet more newbies and the cycle starts all over again.

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[Marvell1]

Some people are simply born weak. I'm confused why some people are in panic when Bitcoin fell to $20,000 as if it's their first time experiencing a bear season. But even to those who are first timers in the market, haven't they seen the overall Bitcoin chart? I'm really confused. Haven't they seen the price history of Bitcoin? Even to first timers, they should have heard for once that the price of Bitcoin has always been following bullish and bearish cycles.

Sometimes I can't sympathize with weak people. This is rude but sometimes I can only say in silence to those people who sold at $18,000 and regretted when the price quickly went back to $20,000, "good for you!"

Most people enter the market during a bull market, whereas very few do so during a market decline. A drop of such magnitude will be a shock for them and panic sales are inevitable. We don't have to sympathize with them, I think it's best to let them experience it for themselves and they will be more mature in the upcoming bear seasons. No advice or suggestion is as effective as experiencing it for yourself.

[m2017]

Some people are simply born weak. I'm confused why some people are in panic when Bitcoin fell to $20,000 as if it's their first time experiencing a bear season. But even to those who are first timers in the market, haven't they seen the overall Bitcoin chart? I'm really confused. Haven't they seen the price history of Bitcoin? Even to first timers, they should have heard for once that the price of Bitcoin has always been following bullish and bearish cycles.

Sometimes I can't sympathize with weak people. This is rude but sometimes I can only say in silence to those people who sold at $18,000 and regretted when the price quickly went back to $20,000, "good for you!"

Most people enter the market during a bull market, whereas very few do so during a market decline.

This is not at all surprising. People are attracted by the euphoria of growth and it seems to them that this will go on forever, therefore, at such moments, the majority invests in bitcoin. But when bitcoin fall, they will be repelled by fear and panic and don't buy it. Many people forget about the rule to act against the market, and beginners don't know this at all.

A drop of such magnitude will be a shock for them and panic sales are inevitable.

Which is exactly what you can see right now. Actually, every cycle.

We don't have to sympathize with them, I think it's best to let them experience it for themselves and they will be more mature in the upcoming bear seasons. No advice or suggestion is as effective as experiencing it for yourself.

In fact, we can't influence them in any way. No words and advice can break through to the mind through the thickness of fear and horror from what is happening. Only their own experience will teach them or never teach them. Some beginners may become completely disillusioned with bitcoin and leave the industry for good.

[smartaction]

It’s too early to tell. Selling at $17.7K was good if it keeps going down again into the $15K or so.

Most likely since tomorrow is a holiday we will get sideways actual. Don’t think the low will break. However if the stock market keeps crashing again then it will take Bitcoin along for the ride. Right now there is very little liquidity everywhere and everything can very quickly move up and down.

It is true the price of bitcoin dropping again. in this time it seems bitcoin price will go bellow $15k. So it is not wrong for seller who sold btc for $17.5k. They will again bought btc when it will go bellow $15k. then it will a great opportunity for there

[carlfebz2]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Not something new on which there are people who do really panic sell on that 17k price point on which it is really a sad moment on the time that the price is slowly recovering and they might really be banging up their heads.Its never been good to panic sell yet we know that bear market or crashes doesn't last forever which does simply means there's always a probability about having some U-turn and it would really be leaving a regrettable feeling once you do sell in loss then the market is starting to cling up.

[Falconer]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Due to the sheer number of traders and the volume of bitcoin transactions that took place during that time, I think there are thousands of people who have completely failed to learn how the bitcoin market works. Most of them are worried that the price will drop to a lower level due to the large amount of FUD in circulation. This is really a dilemma for those with weak hands, but as long as they bear the loss to sell then I don't think it's wrong.

For me, holding bitcoin in the long term or selling as long as there is a profit or cutting losses are individual choices. Traders have strategies and so do the holders so the market stays active all the time. One of the faults is that when the price of bitcoin dropped to $17.7K, many of us didn't buy as much as they could afford to lose because we were so worried about another potential bottom.

[19Nov16]

When the price of bitcoin drops below $ 20k makes me think of cut loss and sells with a position of around $ 18k, but after 3 days the price of back to $ 20k and of course this is a better thing, even though I can sell now at $ 20k but I still lost because the cheapest price I bought was around $ 27800.

[Japinat]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Those who sell when bitcoin was below $20k are mostly newbies so we can't blame their actions as they are still learning in the crypto market. And i just hope that they have learned their lesson now. The crypto market is too far to collapse, particularly with bitcoin.  As everything rise and fall when it comes to market volatility. If you can't bear its price fluctuations, better not to enter and invest in the market.

[Yaunfitda]

When the price of bitcoin drops below $ 20k makes me think of cut loss and sells with a position of around $ 18k, but after 3 days the price of back to $ 20k and of course this is a better thing, even though I can sell now at $ 20k but I still lost because the cheapest price I bought was around $ 27800.

Then obviously don't sell, because you will be at a loss because you bought it that high. You just have to wait and have the patience, the price is still above $20k and maybe we will hit $21k in the next 4 hours or so. I know that there are still a lot of selling pressures because there are news about the Fed rate hike and the inflation, but if you don't need the money right now, it's better to keep your BTC in your wallet for sometime or better invest more at this price and wait for the nexxt eventual bull run. For sure you will be glad that you made that decision right now not to sell.

[Viscore]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

That’s how weak hands manage their investments and resort into panic selling when everything in the market is down and bearish. With this repeating history in the market, pity are those who still take the wrong decisions and lose in the market eventually. Although the current scenario is quite bad and embrassing, but knowing everything is not bound to last long, then that’s enough for me not to panic and just buy and hold instead.

[Kemarit]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

That’s how weak hands manage their investments and resort into panic selling when everything in the market is down and bearish. With this repeating history in the market, pity are those who still take the wrong decisions and lose in the market eventually. Although the current scenario is quite bad and embrassing, but knowing everything is not bound to last long, then that’s enough for me not to panic and just buy and hold instead.

And that's how diamond hands are made off, they don't usually sell but just hold on their bitcoin even if it means that they are going to lose some fiat value. And now as we repeat history in the market, it bounce nice and above $20,000 again. Just like the last time when the market was really in a blood shed during the Covid-19 scare. We went as low as $3,000 and everyone sells and just afraid for a collapse of the market but then we went all time high at $69,000.

[Epaper]

Some people panic when the price of bitcoin falls, causing them to suffer losses. People selling bitcoins at $17k that they have no plans to place trades in, or set stop losses. This way, they will have no consistency and will suffer losses that are unavoidable and will keep them out of the market game forever.

[fullhdpixel]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

As per the subject, there is no reason to sell at 17k or even at 20k. We are very near to the bottom and this is not a wise decision to sell at thewe low prices.
Wise people buy at these prices and not sell. A month ago no one could have dreamt to see bitcoin below 20k. A lifetime opportunity to buy now.

Except maybe to those who have bought by the time btc drop at under 17k, you know those who are doing short term trades as they are still in profit but if they aren't like that then there is no point of selling only to incur a big loss. Instead what should they be doing now is purchasing some more bitcoins since this can be their last chance as the price is recovering once again.

Last month I think the price is already at 30k or under than it, so people already expects that we can go as low as 20k. It happened for real but with an extra bonus since the price dropped lower than their target. Nowadays this price range seem to be normal but better safe than sorry.

[Rockstarguy]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

Their is nothing that can be done because people will always want to sell and loss for not having patience. What even get me surprised sometimes is that people who are conversant with bitcoin and have experienced some previous bearish market still get panic to sell when bitcoin goes dip, they feel the market will remain bearish forever.

[inanilujimi]

That's how the market moves he can play with everyone's emotions. maybe after the many fud circulating in the last few months, good news will emerge one by one to the surface. This scenario has been running for a long time but sometimes we can't understand it.

[Tomohisa]

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners

That’s how weak hands manage their investments and resort into panic selling when everything in the market is down and bearish. With this repeating history in the market, pity are those who still take the wrong decisions and lose in the market eventually. Although the current scenario is quite bad and embrassing, but knowing everything is not bound to last long, then that’s enough for me not to panic and just buy and hold instead.

And that's how diamond hands are made off, they don't usually sell but just hold on their bitcoin even if it means that they are going to lose some fiat value. And now as we repeat history in the market, it bounce nice and above $20,000 again. Just like the last time when the market was really in a blood shed during the Covid-19 scare. We went as low as $3,000 and everyone sells and just afraid for a collapse of the market but then we went all time high at $69,000.

Weak hands are usually new traders looking for short-term profit. I bet most people who sell at $17k range were the same ones who bought when it was over $20k beforehand, thought they could make a profit when it goes higher than $20k and that was the lowest point Bitcoin could get. But when Bitcoin dropped furthermore, along with FUD news, they rather cut loss instead of keep holding.

[maydna]

Some people panic when the price of bitcoin falls, causing them to suffer losses. People selling bitcoins at $17k that they have no plans to place trades in, or set stop losses. This way, they will have no consistency and will suffer losses that are unavoidable and will keep them out of the market game forever.

When the bitcoin market went down yesterday, many people panicked and sold their bitcoins. While they don't think about the imminent reversal of bitcoin, they can see the profits coming their way if they can be patient for a while. The crypto market today is confusing, and we must be careful before deciding. Hopefully, the price will not go back to the lower price and can stay at a price now.

[Silberman]

Weak hands are usually new traders looking for short-term profit. I bet most people who sell at $17k range were the same ones who bought when it was over $20k beforehand, thought they could make a profit when it goes higher than $20k and that was the lowest point Bitcoin could get. But when Bitcoin dropped furthermore, along with FUD news, they rather cut loss instead of keep holding.

Without a doubt those people are weak hands however there are simply too many types of weak hands, there are those that bought near the all time high as they thought the price of bitcoin will go up forever and they decide to invest at the worst possible time and then the price went down, however instead of cutting their losses early they refused to accept the reality and kept holding until the price reached a very low price, and instead of simply accepting their mistake and becoming long term holders and use DCA they decided to sell at the worst possible time.

[abel1337]

Weak hands are usually new traders looking for short-term profit. I bet most people who sell at $17k range were the same ones who bought when it was over $20k beforehand, thought they could make a profit when it goes higher than $20k and that was the lowest point Bitcoin could get. But when Bitcoin dropped furthermore, along with FUD news, they rather cut loss instead of keep holding.

Without a doubt those people are weak hands however there are simply too many types of weak hands, there are those that bought near the all time high as they thought the price of bitcoin will go up forever and they decide to invest at the worst possible time and then the price went down, however instead of cutting their losses early they refused to accept the reality and kept holding until the price reached a very low price, and instead of simply accepting their mistake and becoming long term holders and use DCA they decided to sell at the worst possible time.

Aside from new traders being weak hands, Panic also set in when they experience a big dump from a price that they have never expected to be reached. Mostly, New traders doesn't know Market Psychology which is an aspect of trading, Having it unknown can make a big impact on trading especially on the current market situation we have.

[freedomgo]

Some people panic when the price of bitcoin falls, causing them to suffer losses. People selling bitcoins at $17k that they have no plans to place trades in, or set stop losses. This way, they will have no consistency and will suffer losses that are unavoidable and will keep them out of the market game forever.

When the bitcoin market went down yesterday, many people panicked and sold their bitcoins. While they don't think about the imminent reversal of bitcoin, they can see the profits coming their way if they can be patient for a while. The crypto market today is confusing, and we must be careful before deciding. Hopefully, the price will not go back to the lower price and can stay at a price now.

Well, to avoid market confusion is to stop reading the news and following social media as they are somewhat spreading fake news that will affect our minds. And those who trust Bitcoin will live being certain about the good future of Bitcoin but for those who live in uncertainties, it all just to see is a negative view and confusion.
We only have two possible scenarios and that is whether it falls back or continues moving high, and I think we are already prepared for this, are we?