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Author Topic: Why do people panic and sell their bitcoin when it falls in value?  (Read 15144 times)

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #90 on: February 09, 2024, 08:18:46 AM »
If anyone is panicking or worried about what is happening in the market, that is a sign of a lack of knowledge of market movements. And it may be because of the rumors they hear that they can feel such things.

They sell in such a situation because they don't want to lose a lot of money, but the others don't sell because they know the movement of the market. Of course, if you know something about the market and such a scenario happens, you will not worry, and there is no reason for you as an investor to sell immediately if you are a long-term investor.
Not always happens as you write, sell often even those who know that bitcoin will grow simply because of the small budget that they could spend all buying only one bitcoin and not investing anywhere else, just all this theme with a long holding is often suitable only for people who have the opportunity to forget about this money for several years without getting from the investment not a penny.
I don't think that this is enough reason to panic. If someone invests a small amount of money into Bitcoin and expects it to grow in the long run, then they should hold on to their investment and not sell it in a panic. If they cannot afford to forget about the money they invested and hold on to it for a longer duration, then they shouldn't have invested in the first place. Investing requires a proper strategy, even when selling. If someone panics and sells their Bitcoin due to a sudden drop in its value, it indicates a lack of knowledge about investing in Bitcoin. Unless they have another strategy and plan to buy back at a lower price or invest in another coin.
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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #90 on: February 09, 2024, 08:18:46 AM »

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #91 on: February 09, 2024, 09:24:28 AM »
If anyone is panicking or worried about what is happening in the market, that is a sign of a lack of knowledge of market movements. And it may be because of the rumors they hear that they can feel such things.

They sell in such a situation because they don't want to lose a lot of money, but the others don't sell because they know the movement of the market. Of course, if you know something about the market and such a scenario happens, you will not worry, and there is no reason for you as an investor to sell immediately if you are a long-term investor.
Not always happens as you write, sell often even those who know that bitcoin will grow simply because of the small budget that they could spend all buying only one bitcoin and not investing anywhere else, just all this theme with a long holding is often suitable only for people who have the opportunity to forget about this money for several years without getting from the investment not a penny.
That is why we need to have more than one source of income for to be able to cope with this cut loss or simply the selling issue. I get it when you say only individuals who are financially were able to hodl for long or having this ironhand thing with them and it is true. Investing our hard earned money into Bitcoin will end us up panic selling so it is important for us to use only extra money to invest into Bitcoin so we don't make any wrong decisions with our investments.

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #92 on: February 09, 2024, 10:33:00 AM »
I don't think that this is enough reason to panic. If someone invests a small amount of money into Bitcoin and expects it to grow in the long run, then they should hold on to their investment and not sell it in a panic. If they cannot afford to forget about the money they invested and hold on to it for a longer duration, then they shouldn't have invested in the first place. Investing requires a proper strategy, even when selling. If someone panics and sells their Bitcoin due to a sudden drop in its value, it indicates a lack of knowledge about investing in Bitcoin. Unless they have another strategy and plan to buy back at a lower price or invest in another coin.

People panic not because they invested in more than the can afford to lose. When you look at crypto market today, it's very large and big in the sense that we have many trading options like the margin traders, the future traders and even option traders. When they start this trading, there is a condition attached to their ways and when the market doesn't favor them, they tend to lose money, this is why you see people panic when Bitcoin price is going down.

For instance, you analyse the market and you are certain that the bitcoin market will go up and then after a while, the market didn't go as you expect and if that happened, you will likely lose your money. If you are a concern trader, you will also panic. The only person who is not suppose to panic is people that hold bitcoin for long term, traders will always panic.
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Offline MUGNIA

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #93 on: February 09, 2024, 02:18:34 PM »
the basic reason is not wanting to lose more. but this only applies to beginners who don't understand the existing cycle
As time goes by, there will be no panic if the market experiences a decline where you already understand a little about the cycle in BTC.
The smarter you are and have analyzed the market, the more you will remain firm in your initial investment intentions.( personal experience)
The conclusion: panic selling when the market goes down because you don't want to lose more and they  don't have experience in researching the market

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #94 on: February 10, 2024, 07:29:28 AM »
If anyone is panicking or worried about what is happening in the market, that is a sign of a lack of knowledge of market movements. And it may be because of the rumors they hear that they can feel such things.

They sell in such a situation because they don't want to lose a lot of money, but the others don't sell because they know the movement of the market. Of course, if you know something about the market and such a scenario happens, you will not worry, and there is no reason for you as an investor to sell immediately if you are a long-term investor.
Not always happens as you write, sell often even those who know that bitcoin will grow simply because of the small budget that they could spend all buying only one bitcoin and not investing anywhere else, just all this theme with a long holding is often suitable only for people who have the opportunity to forget about this money for several years without getting from the investment not a penny.
I don't think that this is enough reason to panic. If someone invests a small amount of money into Bitcoin and expects it to grow in the long run, then they should hold on to their investment and not sell it in a panic. If they cannot afford to forget about the money they invested and hold on to it for a longer duration, then they shouldn't have invested in the first place. Investing requires a proper strategy, even when selling. If someone panics and sells their Bitcoin due to a sudden drop in its value, it indicates a lack of knowledge about investing in Bitcoin. Unless they have another strategy and plan to buy back at a lower price or invest in another coin.
I completely agree with you, but those who sell in panic will not agree because they also wanted to make a lot of money but do not calculate their forces and budget, not everyone has a lot of money for a long holding, many think that holding means holding an asset for 1-2 months and that's it and not as it usually happens 1-2 years.
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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #95 on: February 10, 2024, 10:37:47 AM »
That is why we need to have more than one source of income for to be able to cope with this cut loss or simply the selling issue. I get it when you say only individuals who are financially were able to hodl for long or having this ironhand thing with them and it is true. Investing our hard earned money into Bitcoin will end us up panic selling so it is important for us to use only extra money to invest into Bitcoin so we don't make any wrong decisions with our investments.
Yeah if you already have more than two sources of income, you don't need to think about cutting losses because that will only make you lose money. When you trade by just making normal purchases and sales without using the future trading method and are stuck at high prices, you are still You can leave it until the price goes up again, whereas if you need money, then there are other sources of income so that your economy is not disrupted.

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #96 on: February 12, 2024, 05:21:02 AM »
why do people panic and sell their coins throw some light on this topic and share your opinion
It would be nice if you could give some more details on what you mean. It is partly true that when the price of Bitcoin starts going down, people sell it. Those who have proper knowledge about Bitcoin and understand its future potential easily know how much Bitcoin will increase in the future. Most people don't doubt that holding Bitcoins is 100 times better than selling them. But only a few people who don't know about it will sell it instead of holding it as soon as it falls in value.

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #96 on: February 12, 2024, 05:21:02 AM »


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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #97 on: February 12, 2024, 07:28:17 AM »
why do people panic and sell their coins throw some light on this topic and share your opinion
It would be nice if you could give some more details on what you mean. It is partly true that when the price of Bitcoin starts going down, people sell it. Those who have proper knowledge about Bitcoin and understand its future potential easily know how much Bitcoin will increase in the future. Most people don't doubt that holding Bitcoins is 100 times better than selling them. But only a few people who don't know about it will sell it instead of holding it as soon as it falls in value.
And this is where regrets do start to kick in on which on the time that they've seen Bitcoin did make out some pump after they have sold then they would eventually be having those kind of regrets
and this is where they would be starting on fomo'ing and they would be buying on peak and on the time the price crashes then this is where they would be panic selling and the cycle continues.
People would never ever learn until they would be able to experience for themselves about into such condition on which we know that Bitcoin investment is really indeed having the potential.
The most important thing on here is that you should really that invest on the amount on which you can afford to lose as always. There's no guarantee when it comes to money making thing or investment.

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #98 on: February 12, 2024, 06:01:56 PM »
If you do not have a clear investment strategy, then you should not hope for quick money. At least most cryptocurrency users know that on average once every four years Bitcoin and, after it, most altcoins soar in price by at least double. This is exactly what you need to count on, if you have no other knowledge, otherwise invest money in crypto and expect X's in a month, and when the asset continues to fall in price, everyone panics and sells with losses.
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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #99 on: February 13, 2024, 02:12:39 PM »
the basic reason is not wanting to lose more. but this only applies to beginners who don't understand the existing cycle
As time goes by, there will be no panic if the market experiences a decline where you already understand a little about the cycle in BTC.
As you said, they are beginners in Bitcoin trading and of course they also have a strong feeling of panic.
Never mind getting to know the price cycle of Bitcoin, seeing Bitcoin trading which goes up and down every day, even those who are beginners always feel panicked.

It could also be that they minimize the level of loss that their trades have when the price of Bitcoin falls, but I'm not sure because for beginners the feeling of panic is very strong.
Unless these beginners receive continuous guidance from their friends who have known about Bitcoin for a long time, they may also give it to them very often or intensely every day, like physiotherapy.
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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #100 on: February 13, 2024, 07:24:24 PM »
People are afraid of lossing their money due to lower price but they have no knowledge that as price can go down so it can also go up according to the market. People should afraid if their holded coins are not stronger but if they hold bitcoin, etheruem and other strong coins then there should be no option instead of waiting for accurate timings.

People when enter into the market then they learn everything and they decide not be be panic but its natural that whenever they see their money dropping then they wants to accept little Loss instead of losing whole money. If they stay firm on their decision to not be afraid of dip then they will not see any loss but will achieve according to their patience and efforts.
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Online milewilda

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #101 on: February 13, 2024, 09:37:49 PM »
People are afraid of lossing their money due to lower price but they have no knowledge that as price can go down so it can also go up according to the market. People should afraid if their holded coins are not stronger but if they hold bitcoin, etheruem and other strong coins then there should be no option instead of waiting for accurate timings.

People when enter into the market then they learn everything and they decide not be be panic but its natural that whenever they see their money dropping then they wants to accept little Loss instead of losing whole money. If they stay firm on their decision to not be afraid of dip then they will not see any loss but will achieve according to their patience and efforts.
Only those people who dont have enough experience and knowledge would really be having these kind of reactions on which they would really be having impressions that
the price would really be going back to zero on which they arent even that trying to look about its history or the things which it is correlated to it. Due to lack of information and knowledge
then these newbie reactions are common but sooner or later on the time that they've seen thats not how it behaves or works then this is where self realizations would be kicking in.
Well, its not something new though because everyone do starts on being a noob. Actual things could be leading to self learning and awareness which would definitely
changed up overtime.

Offline Uruhara

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #102 on: February 13, 2024, 11:17:12 PM »
Maybe many have answered the reasons why people panic to sell when the BTC price falls. And usually this only happens to those who don't have enough experience in the crypto market or in bitcoin. Because for most of us who already have some experience in understanding BTC prices, when a correction occurs, we actually accumulate more BTC ourselves.

 But right now I have a question. Why do many panic sell when the BTC price has touched 50k USD?  ;D the reason is actually quite common. But I want to hear from all my friends here.

Offline IvugeoEvolutionCoin

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #103 on: February 13, 2024, 11:49:46 PM »
Maybe many have answered the reasons why people panic to sell when the BTC price falls. And usually this only happens to those who don't have enough experience in the crypto market or in bitcoin. Because for most of us who already have some experience in understanding BTC prices, when a correction occurs, we actually accumulate more BTC ourselves.

 But right now I have a question. Why do many panic sell when the BTC price has touched 50k USD?  ;D the reason is actually quite common. But I want to hear from all my friends here.
Usually when they panic when the price moves down, it is because they buy Bitcoin using the money they need in the near future because they think that by entering Bitcoin they will have the potential to increase the money they have quickly, so a correction occurs, making them panic and sell at a loss. But for them, those who are experienced will not be affected and understand that Bitcoin price movements will go up and down, and they also understand how to buy Bitcoin using money that will not be used in the near future so that trading becomes calmer.

Offline taufik123

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Re: Why do people panic and sell their bitcoin when it falls in value?
« Reply #104 on: February 13, 2024, 11:56:06 PM »
-snip-
 But right now I have a question. Why do many panic sell when the BTC price has touched 50k USD?  ;D the reason is actually quite common. But I want to hear from all my friends here.
They just want to take profits faster, and they are afraid that Bitcoin will fall to the price of $30k-$40k again,
because the price according to those who are trading short-term prices is already quite high.

This depends on how strategy each trader wants to take profit at what price.
Of course, for those who make long-term investments, the current price is still not much,
this still hasn't reached the last ATH, and of course the price target will be in the new ATH.

 

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