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

[NikeFit_7777]

The U.S. government already owns 216,811 BTC ($13.78 billion). Analysts have discovered a wallet with 3,940 BTC ($251 million) that US authorities confiscated in January this year.

Arkham: https://platform.arkhamintelligence.com/explorer/entity/usg

P.S. What do you think about news like this? Do you take them seriously? Don't you think we are being manipulated by such a method? 

[legend45]

Well, if we are talking about such a small number of people as 50,000 people, then I would say that there are at least 10 times more of them than those about whom you are writing panic sellers And the same buyers who don’t think what they are doing, they just buy, and in case of panic, that’s all sell.

It's not as easy as you imagine bro, when traders panic, many prefer to sell cheaply and protect their assets. But when you trade the future method, there is nothing you can do unless you use the stop loss feature.

Actually, we don't need to panic, seeing as the market is fluctuating and prices are dropping sharply. There are many things we can do when prices fall, by buying again and for those who panic, selling. This is just a matter of experience in the crypto world

[bayu7adi]

Actually, we don't need to panic, seeing as the market is fluctuating and prices are dropping sharply. There are many things we can do when prices fall, by buying again and for those who panic, selling. This is just a matter of experience in the crypto world

Those who sell at the current price of $60k may also have their own beliefs, such as wanting to buy back at a level below it.. we don't know whether the person selling BTC is currently panicking or not, but what we know is someone is panicking and afraid of immediately sell their Bitcoin assets.

Buying in stages is still a wiser practice, by placing buy orders at several levels so that if a dump occurs once again, we have the net ready to fill our bags with Bitcoin again at a cheaper price.

[dekafee79]

Actually, we don't need to panic, seeing as the market is fluctuating and prices are dropping sharply. There are many things we can do when prices fall, by buying again and for those who panic, selling. This is just a matter of experience in the crypto world

Those who sell at the current price of $60k may also have their own beliefs, such as wanting to buy back at a level below it.. we don't know whether the person selling BTC is currently panicking or not, but what we know is someone is panicking and afraid of immediately sell their Bitcoin assets.

Buying in stages is still a wiser practice, by placing buy orders at several levels so that if a dump occurs once again, we have the net ready to fill our bags with Bitcoin again at a cheaper price.

Selling at a price of $60K, it is likely that old investors are not panicking, just want to buy again at a lower level because they believe the price of bitcoin will rise again. We can do gradual purchasing with DCA, this is also a good method.

[Aanuoluwatofunmi]

We cannot agree that everyone is on the same page regarding having the adequate knowledge about bitcoin, some will think its a wise decision for them to sell their coin and release it in other to avoid loosing the more when the market is going bearish, but we should never forget that bitcoin investment is not what we should make with fear, we should be able to hodl once such is being observed except if we are investing on altcoins.

[philipma1957]

The U.S. government already owns 216,811 BTC ($13.78 billion). Analysts have discovered a wallet with 3,940 BTC ($251 million) that US authorities confiscated in January this year.

Arkham: https://platform.arkhamintelligence.com/explorer/entity/usg

P.S. What do you think about news like this? Do you take them seriously? Don't you think we are being manipulated by such a method? 

What method do you mean? A government says you are a crook and takes everything you own before they try and convict you?

[doc]

We cannot agree that everyone is on the same page regarding having the adequate knowledge about bitcoin, some will think its a wise decision for them to sell their coin and release it in other to avoid loosing the more when the market is going bearish, but we should never forget that bitcoin investment is not what we should make with fear, we should be able to hodl once such is being observed except if we are investing on altcoins.

selling or holding bitcoin when the market corrects is their decision and they must have reasons for doing that. There are those who sell, then buy at a lower price and then sell again when the price of bitcoin rises. There are also those who sell because they panic.