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

[Dr.Bitcoin_Strange]

Yeah, knowledge and experience are important.
Without both we will freak out when the price drop.
We should know what happen..
do research and analyze..

Don't be panic when price drop,  always keep calm because price will go up again.
Bitcoin price is always volatile.
as long as it's not during the bearish season, the price will go up again.

Yes, people who usually sell off because of panic are people who don't have good knowledge about Bitcoin. Bitcoin is a volatile asset, and most experienced Bitcoiners are already aware of it, so they can hold their coin for up to five years without selling it. For example, there are people who bought Bitcoin at $65k in 2021, and most of them are still holding their coins to this date, believing that they will sell when the price reaches a new ATH. while some people who bought at that price have sold due to price pani. There are different kinds of investors. Some people are just short-term investors; they only want to jump in, take profit, and run off. That's also what can make some people sell out of panic.

[dekafee79]

Yes, people who usually sell off because of panic are people who don't have good knowledge about Bitcoin. Bitcoin is a volatile asset, and most experienced Bitcoiners are already aware of it, so they can hold their coin for up to five years without selling it.
~

Panic selling is always being the big problem for investor and trader in crypto world. As you said they don't have good knowledge and also experience.
Keep calm is not easy, when we see the market down. We should have good prediction and analysis why the market go down.
Talking about experience, pump and dump in bitcoin is nature,  If we invest in crypto along time , we don't be panic when down.

[philipma1957]

Panic selling is common.

Many people do not understand principles of investing.

I .e.

Dca vs buy the dip and hodl.

Do not extend yourself so that you need the investment now.

A 4 year dca followed by a 6 year hodl of the dca . Is not as common as it need be.

[Crypto Library]

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

Most of the time you will see that those who are take panic and sell their Bitcoin or any kind of top cryptocurrency those mostly are the newbies traders, who are just entering the market. But that doesn't mean that only newbie take panic many experienced trader are also mistakes sometimes. I have also done this kind of many mistakes on the beginning journey of mine. But for now I have taken long-term strategy and adopting bitcoin rather than selling.

[vegasus]

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

Most of the time you will see that those who are take panic and sell their Bitcoin or any kind of top cryptocurrency those mostly are the newbies traders, who are just entering the market.

Yes, panic is one of the things that really influences the market. And this usually happens to newbies, beginner investors, or people with certain targets and who need to immediately cut losses or people who don't expect market conditions. Meanwhile, we basically understand that the market will continue to fluctuating and will never continue to rise. There will definitely be transitions from ups and downs. Moreover, if after a significant increase, the market will usually experience the market correction first. And it is in this phase that people are usually susceptible to FUD and will end up panic selling at their own expense.

[debra]

Panic selling is common.
Many people do not understand principles of investing.

True. It is a common thing because there are still many people who invest in Bitcoin without proper knowledge. If most people understand how to invest in Bitcoin, they won't easily panic and sell their Bitcoin at the wrong time. Moreover, in the current time, we are heading the bullish season, why we must sell it now? People who understand it, will have no reason to sell the Bitcoin now.

[Agbe]

Because those people have weak mind that they are afraid that bitcoin will not rise again. And people that sell bitcoin with panic mindset is common in the industry so this is not the first time this has happening. When bitcoin rise up everyone would be very happy to sell and immediately the price comes down you will see many would rush and sell the coins. Because they think that if they didn't sell it at that time the coins will decrease in price and It will take time for them to see another average bull.

[jonathancool220]

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

Human feelings have a lot of instincts because actually just hearing the word "fall" makes you scared, especially as the member has Bitcoin assets that are held in custody and have a large USD value.
Before the value of Bitcoin falls too deeply, maybe they are preparing themselves to buy more Bitcoin when the price drops, this is known from their trading instincts who may have experience in cryptocurrency.
Not everyone also sells their Bitcoin when it falls because there are also many who hodL Bitcoin when it falls and in this forum there may still be those who HodL Bitcoin since 2015 and until now they are still hodL, and since 2015 Bitcoin has gone up and down thousands of times. .

[DAMKAR]

Human feelings have a lot of instincts because actually just hearing the word "fall" makes you scared, especially as the member has Bitcoin assets that are held in custody and have a large USD value.

Not only human feeling, If they are newbie who lack the experience when hear the word " fall" they will be panic. Panic selling will make us lost alot. Invest in crypto need knowledge and experience. It I feel at the beginning I invested in crypto, when fall I taught I will lost. But several my friends suggest keep calm and hold.

[jonathancool220]

But several my friends suggest keep calm and hold.

You are very lucky to have friends who really care about you and always remind you to stay calm and not panic.
Then your friend is also very sure to keep holding Bitcoin during the Dump because your friend is definitely someone who has experience in cryptocurrency.
It's very rare to have friends like that because in the real world we tend to have friends who are very nosy and don't want us to be successful, especially cryptocurrency which is always full of hacking drama, rising, falling prices etc.

[armanda90]

But several my friends suggest keep calm and hold.

You are very lucky to have friends who really care about you and always remind you to stay calm and not panic.
Then your friend is also very sure to keep holding Bitcoin during the Dump because your friend is definitely someone who has experience in cryptocurrency.
It's very rare to have friends like that because in the real world we tend to have friends who are very nosy and don't want us to be successful, especially cryptocurrency which is always full of hacking drama, rising, falling prices etc.

Position that is not easy to convince someone to stay calm and not panic when the price of bitcoin drop drastically with many people have sold their bitcoin in lower price. I don't know what the trick and opinion using to make some one realize with bitcoin position drop not have to panic.
Keep hold bitcoin during many people sold their bitcoin because after correction will get recovery and bitcoin return to the higher price. Panic moment will make you loss opportunity and difficult to earn much profit for trader or investor worry when bitcoin get down.

[DabsPoorVersion]

Human feelings have a lot of instincts because actually just hearing the word "fall" makes you scared, especially as the member has Bitcoin assets that are held in custody and have a large USD value.

Not only human feeling, If they are newbie who lack the experience when hear the word " fall" they will be panic. Panic selling will make us lost alot. Invest in crypto need knowledge and experience. It I feel at the beginning I invested in crypto, when fall I taught I will lost. But several my friends suggest keep calm and hold.

Aside from people panicking about their Bitcoin holdings, a lot of investors consider selling their Bitcoin holdings whenever the prices of Bitcoin suddenly drop trying to have a chance to buy again at a lower value, this strategy is to increase their holdings. However, this strategy is risky and can probably lead to having losses. Buying and selling Bitcoin during a downward trend without a clear re-entry point can result in a having reduced number of holdings. It's not a bad strategy buying the dip, but it's important to have a plan to avoid unnecessary losses.

[jonathancool220]

I don't know what the trick and opinion using to make some one realize with bitcoin position drop not have to panic.

It could also be that the person who gave the advice was the teacher who first taught cryptocurrency to DAMKAR and had special tricks so that he could wisely accept the advice from his friend.
It seems like he's doing tricks like a mentalist or psychologist because it's rare for an ordinary person to be able to convince someone just with ordinary conversation.

Moreover, Bitcoin trading goes up and down very quickly and we can also feel the feeling of nervousness in our hearts.
But for me, Bitcoin trading is the safest because Bitcoin has value as the number 1 coin.

[bayu7adi]

They are investors with weak hands and unstable emotions. Typically, these are new traders or investors who fear losses. It can be assured that this is one of the strategic mistakes in trading that makes them too afraid and lack confidence in the coins they buy.

Bitcoin has strong fundamentals, and this coin even has high liquidity. There are many instances of dumps and pumps, as well as bearish and bullish markets. These are elements that cannot be avoided, so if one cannot capitalize on market conditions effectively, a trader will prefer the safer route of selling their Bitcoin, while they don't know that the price will definitely bounce back; it's just a matter of time.

[Gladitorcomeback]

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

Not all people sell, only those who are afraid of losing their investment or those who are new to this trading world have no idea what Bitcoin is. Bitcoin can never die, it always goes down to go up, so they should make this bitcoin investment the most of what it is. Whenever bitcoin goes down, we should buy it. Let's not miss this opportunity because we have missed many such opportunities before and the advantage is that whenever we get this arrangement, it means we get an opportunity to invest in Bitcoin. So the benefit is for those who can wait for it. Always good patience create well future

I am also among those people who have missed bitcoin in 16k and I look at it with regret now. If I had not missed that bitcoin, I would have stood in front of those who get benefit from bitcoin and are happy for them and optimistic that Bitcoin is going to cross the 100k next time.