Why do people panic and sell their bitcoin when it falls in value?

[Google+]

Actually, stay calm and hold on to our bitcoins, everyone can have analysis and predictions, there are those who warn by scaring them and there are those who encourage them by continuing to hold. What our hearts think is solid, just do it

Yes, continuing to believe in Bitcoin is indeed a very smart move because I believe the influence of Bitcoin is an important consideration for you to keep holding as much Bitcoin as you can. I think you don't need a lot of money and you have a job in the real world which is enough for you so when trading in Bitcoin it will be calmer like what you are doing now.

[legend45]

Actually, stay calm and hold on to our bitcoins, everyone can have analysis and predictions, there are those who warn by scaring them and there are those who encourage them by continuing to hold. What our hearts think is solid, just do it

Yes, continuing to believe in Bitcoin is indeed a very smart move because I believe the influence of Bitcoin is an important consideration for you to keep holding as much Bitcoin as you can. I think you don't need a lot of money and you have a job in the real world which is enough for you so when trading in Bitcoin it will be calmer like what you are doing now.

Actually patience and forbearance is not because we have enough income in the real world, but I think it's all because of someone's experience in investing in crypto. The more you calm down, the more you understand the character of the crypto market.

[Wiseman]

Actually patience and forbearance is not because we have enough income in the real world, but I think it's all because of someone's experience in investing in crypto. The more you calm down, the more you understand the character of the crypto market.

Very good point, yes, it is a calm attitude and a cool mind give good results, but it is very difficult to achieve, someone can not achieve it at all and trades only on emotion, and someone who simply from it gets high) and trades on emotions in pleasure, but it should not be the rule, but rather the exception.

[Marlboro]

They panic when prices fall because they don't have long experience.
They panic because of the money they borrowed.
They panic because they don't want to be patient to become rich.

[DAMKAR]

They panic when prices fall because they don't have long experience.
They panic because of the money they borrowed.
They panic because they don't want to be patient to become rich.

There is some truth in your words, people panic when they see prices fall due to lack of experience and maybe borrowed money. It's true that we should use our own money, not from loans, to invest.

[MusaPk]

They panic when prices fall because they don't have long experience.
They panic because of the money they borrowed.
They panic because they don't want to be patient to become rich.

Patience is the key if you are coming to Bitcoin. There is very slight chances that you can get rich in short interval of time. Right now Bitcoin is at its peak and people are running after it and same people wont be interested in Bitcoin when it will go down. The best strategy is to buy when Bitcoin is down and HODL for right time to sell.

[$crypto$]

They panic when prices fall because they don't have long experience.
They panic because of the money they borrowed.
They panic because they don't want to be patient to become rich.

There is some truth in your words, people panic when they see prices fall due to lack of experience and maybe borrowed money. It's true that we should use our own money, not from loans, to invest.

What is said actually happens in the world of crypto investment, especially I still see those who panic because they don't have long experience or even this is their first experience when facing a bearish market.

However, I am sure that if they panic just because of lack of experience, they will be able to control it when they have experience in the market. Apart from the knowledge factor, experience is also very important for an investor.

[yohananaomi]

They panic when prices fall because they don't have long experience.
They panic because of the money they borrowed.
They panic because they don't want to be patient to become rich.

Patience is the key if you are coming to Bitcoin. There is very slight chances that you can get rich in short interval of time. Right now Bitcoin is at its peak and people are running after it and same people wont be interested in Bitcoin when it will go down. The best strategy is to buy when Bitcoin is down and HODL for right time to sell.

Actually, there are those who can use short-term trading and still make a profit. But if you want to take it safely and without risk, I agree with you that you need to be patient and saving bitcoins in the long term will certainly provide optimal results. When Bitcoin experiences a decline, of course, make a purchase and when it moves it will increase. You can still do it with DCA, adjusting it to the situation. After you have held it, wait for the halving period to finish when Bitcoin will increase and release it when you feel that the profits you have earned are deserved. Don't be greedy because the moment could be lost, and you won't be able to sell it again.

[Agbe]

Depends on the situation at the moment or the present that made the person panicked. There are sometimes it is good to sell your coins when the price has reached the All Time High, then you keep them and wait for the bear market again to buy. Then another reason is that, the inflation in your country can also make your to sell your coins. Like my country I will advise everyone to 50% of their bitcoins now and buy again when price go down. Because now that the National Currency is very weak and dollar is very high is the best time to sell. Because the Government is trying make sure that the National Currency has value and gain it strength and once that is achieved then the amount you can get now from 0.01 will be very low once the dollar is weak in the country even though bitcoin is high. Bitcoin investment is all calculation.

[elbans89]

Patience is the key if you are coming to Bitcoin. There is very slight chances that you can get rich in short interval of time. Right now Bitcoin is at its peak and people are running after it and same people wont be interested in Bitcoin when it will go down. The best strategy is to buy when Bitcoin is down and HODL for right time to sell.

Actually, there are those who can use short-term trading and still make a profit. But if you want to take it safely and without risk, I agree with you that you need to be patient and saving bitcoins in the long term will certainly provide optimal results. When Bitcoin experiences a decline, of course, make a purchase and when it moves it will increase. You can still do it with DCA, adjusting it to the situation. After you have held it, wait for the halving period to finish when Bitcoin will increase and release it when you feel that the profits you have earned are deserved. Don't be greedy because the moment could be lost, and you won't be able to sell it again.
[/quote]

Being greedy can make us lose a lot, because bitcoin is unpredictable. We buy during corrections and sell when we feel we have made a profit. but if we want to hold it for the long term, we also have to do analysis and predict what the highest price will be, so that we don't sell it too late when we are bullish.

[ajiz138]

Depends on the situation at the moment or the present that made the person panicked. There are sometimes it is good to sell your coins when the price has reached the All Time High, then you keep them and wait for the bear market again to buy. Then another reason is that, the inflation in your country can also make your to sell your coins. Like my country I will advise everyone to 50% of their bitcoins now and buy again when price go down. Because now that the National Currency is very weak and dollar is very high is the best time to sell. Because the Government is trying make sure that the National Currency has value and gain it strength and once that is achieved then the amount you can get now from 0.01 will be very low once the dollar is weak in the country even though bitcoin is high. Bitcoin investment is all calculation.

Yes, that's not wrong, because there are lots of choices we can make, especially when our investment already has a profit, then either holding it longer or selling it is an option we can choose.

We also have to be able to see the situation that is happening, so when we can take advantage of it then do it. Moreover, there is no compulsion to keep holding and there is also no compulsion to sell, because all decisions are in our own hands. This is also what makes us interested in bitcoin.

[Agbe]

Depends on the situation at the moment or the present that made the person panicked. There are sometimes it is good to sell your coins when the price has reached the All Time High, then you keep them and wait for the bear market again to buy. Then another reason is that, the inflation in your country can also make your to sell your coins. Like my country I will advise everyone to 50% of their bitcoins now and buy again when price go down. Because now that the National Currency is very weak and dollar is very high is the best time to sell. Because the Government is trying make sure that the National Currency has value and gain it strength and once that is achieved then the amount you can get now from 0.01 will be very low once the dollar is weak in the country even though bitcoin is high. Bitcoin investment is all calculation.

Yes, that's not wrong, because there are lots of choices we can make, especially when our investment already has a profit, then either holding it longer or selling it is an option we can choose.

We also have to be able to see the situation that is happening, so when we can take advantage of it then do it. Moreover, there is no compulsion to keep holding and there is also no compulsion to sell, because all decisions are in our own hands. This is also what makes us interested in bitcoin.

Exactly and most people who are not in this industry don't understand this investment process. This investment business is just a calculative business, you are planning to make profit at all time and not to lose. Those who are not buying bitcoin but have bitcoin through campaigns do not understand the market approaches. Those who use their hard earned money to invest in bitcoin would sell it in the All Time High and still use that money to buy when bitcoin is in the dip. And that is the calculative move we are talking about.

[TopT3ns]

Yes, that's not wrong, because there are lots of choices we can make, especially when our investment already has a profit, then either holding it longer or selling it is an option we can choose.

We also have to be able to see the situation that is happening, so when we can take advantage of it then do it. Moreover, there is no compulsion to keep holding and there is also no compulsion to sell, because all decisions are in our own hands. This is also what makes us interested in bitcoin.

When you have made a lot of profit, it is best to be able to make a withdrawal immediately so that we don't miss the opportunity to sell at a high price because coin price movements are not always at the top and there will always be a moment where the price of bitcoin on the exchange collapses again.

[debra]

They panic when prices fall because they don't have long experience.
They panic because of the money they borrowed.
They panic because they don't want to be patient to become rich.

True. People who have experience in the previous bullrun, they must feel calm. They know about the cycle, they know the ATH will be achieved in the next year.

For people who use borrowed money, it is too risky. They must feel panic because they have no idea to repay the loan money.

People who have no patience, they don't deserve to hold coins. People who have no patience, they are better to do trading.

[ScamViruS]

why do people panic and sell their coins throw some light on this topic and share your opinion

When the market starts to dip people sell bitcoin because they are afraid of losing their invested money. And as the panic starts all around, more selling pressure comes into the market and the market starts to dip further. Most of the people who think like this are new traders. And when the market starts to dip, those who place big sell orders actually also participate in panic selling for seasonal traders to take quick profit. So when the market starts to dip, almost everyone except diamond hand investors participate in panic selling.