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

[|MINER|]

Buying bitcoin when it is bearish and bearish is good advice for newbies. but they also have to start learning to trade because there are many things to learn in crypto currency so that we have experience and knowledge. If we already have a lot of knowledge and experience, we can become professional traders in the future.

I will agree with you that definitely there is no doubt that brearish season is the right time to make long-term investment and that is not just for newbies it is for everyone. Moreover, if newbies miss the bearish season, they have nothing to worry about. If they want to invest in the long-term, they can continue investing by following the DCA method. That will be their risk management.

[bitterguy28]

I think the correct approach would be to already consider invested amount as lost, i.e. separate them mentally from other investments/funds do not think of it as available funds.

this is good advice and this is why most people recommend that one should only invest what they can afford to lose it’s not to encourage incompetence but to motivate a trader/investor to be level headed and not be too emotional when dealing with the market

The problem starts when people start to think: "if Bitcoin goes a little higher, I'll cash out and buy XYZ". Then when the price goes up, you feel like you're being robbed of your dreams and the panic kicks in.

we all have dreams and plans of what we will do with our hard earned money but we should try to look at the bigger picture and think about your money with long term goals

[Jamal Aezaz]

Buying bitcoin when it is bearish and bearish is good advice for newbies. but they also have to start learning to trade because there are many things to learn in crypto currency so that we have experience and knowledge. If we already have a lot of knowledge and experience, we can become professional traders in the future.

Buying Bitcoin at a lower price is a really good idea but some people are unaware of such facts because they did not give time to acquire necessary information regarding Bitcoin. Instead of trading Bitcoin newbies have another choice that is investment in Bitcoin which in my opinion is a more suitable option for newbies.

Knowledge is not difficult to achieve but people don't think it is necessary and skip to get knowledge but if they are investing or trading without learning then instead of getting profit they will lose money. Becoming professional is not easy in minimum duration so first try to explore different things about trading and investment then gather little amount to take steps in the real world of investment which will help you to get experience and become professional in future by overcoming faults and utilizing your active mind.

[Roseline492]

In fact, for newbies, they should seek experience and knowledge in the crypto world first, by holding long term and learning about the market, they can also start learning to analyze coins. By holding safe coins for the long term such as bitcoin, ethereum, Solana, BNB etc. they can also make a profit during the bullish season, as long as they buy during the bearish season at low prices.

That's very correct because those are the things the newbies should do by acquiring for more knowledge and as time goes by they will start having some experiences about investment and the best way to learn about investment is only if they are already accumulating and holding because crypto investment learning without practical illustration is not encouraging because the person can easily lose interest.

However those coins you listed for holding is actually the best coins right now because so many people believe on there potential though among them Bitcoin remains my best option for holding than every other coins.

[JunaidAzizi]

Knowledge is not difficult to achieve but people don't think it is necessary and skip to get knowledge

Yeah, that is the actual thing: people don't pay any attention to espionage, especially the newbies. They enter trading and gain a little knowledge, and then they rush into trading and make high investments based on their limited understanding. They think that their knowledge is enough and that they have it all figured out, but in reality, they have just begun. If they really want to be profitable, they should first learn, and then they will see profits. Buffer says, "The more you learn, the more you earn," and that the learning process cannot be completed in a single day or even a week; it requires some time. This is the reality that they have to accept.

[dekafee79]

Knowledge is not difficult to achieve but people don't think it is necessary and skip to get knowledge

Yeah, that is the actual thing: people don't pay any attention to espionage, especially the newbies. They enter trading and gain a little knowledge, and then they rush into trading and make high investments based on their limited understanding. They think that their knowledge is enough and that they have it all figured out, but in reality, they have just begun. If they really want to be profitable, they should first learn, and then they will see profits. Buffer says, "The more you learn, the more you earn," and that the learning process cannot be completed in a single day or even a week; it requires some time. This is the reality that they have to accept.

If you are still learning to be a trader, you should not use large amounts of funds, because this is very risky if you don't have enough experience. Because the market is difficult to predict, we must understand the character of the crypto market and the coins we choose. We have to learn by the time to have good skills in analyzing markets and coins.

[Agbe]

If you are still learning to be a trader, you should not use large amounts of funds, because this is very risky if you don't have enough experience. Because the market is difficult to predict, we must understand the character of the crypto market and the coins we choose. We have to learn by the time to have good skills in analyzing markets and coins.

You have said well, beginners should know or learn how to master the trading platforms before using big amount. And greediness would not allow them to do that. Many newbies in trading deposit big amount of money to trade so tht they would gain bigger and probably the orientation they got from the beginning. Trading is very much interesting if only the person is good enough to understand many things.

[doc]

If you are still learning to be a trader, you should not use large amounts of funds, because this is very risky if you don't have enough experience. Because the market is difficult to predict, we must understand the character of the crypto market and the coins we choose. We have to learn by the time to have good skills in analyzing markets and coins.

You have said well, beginners should know or learn how to master the trading platforms before using big amount. And greediness would not allow them to do that. Many newbies in trading deposit big amount of money to trade so tht they would gain bigger and probably the orientation they got from the beginning. Trading is very much interesting if only the person is good enough to understand many things.

As many people say, trading is very risky and we also know that the character of the crypto market is very difficult to predict. If we do not have experience, knowledge and expertise in trading, we should not use large amounts of money to trade because if we are greedy and panic, we will likely lose. So learn from small things first before having good skills, we should not take bigger risks.

[Uruhara]

If you are still learning to be a trader, you should not use large amounts of funds, because this is very risky if you don't have enough experience. Because the market is difficult to predict, we must understand the character of the crypto market and the coins we choose. We have to learn by the time to have good skills in analyzing markets and coins.

Well, when we don't really know the market. So it would be better if we didn't immediately use large capital. Apart from affecting the trader's psychology, this can also cause large losses that the trader may not be ready to bear. It's better to use small capital when we don't have enough experience. And start increasing it slowly once we really feel ready. Panic is usually also triggered by large capital being used that is actually not prepared to lose.

[silkytakyaan86]

The only reason behind this is fear. When the coin starts falling, the fear starts in the mind that we might lose everything. Save as much as you can. At that time there is no patience and equality.

[lepbagong]

The only reason behind this is fear. When the coin starts falling, the fear starts in the mind that we might lose everything. Save as much as you can. At that time there is no patience and equality.

However, everyone is afraid of losing the funds invested in each investment, because they hope to make a profit, but instead they lose.
No one wants what they invested to be lost and cannot be returned, so everything will be done to prevent that from happening.
Everyone will, of course, try, but it will be up to each of them to see whether they can prevent it from happening.
Saving is a step that can be taken as long as it is a goal that will be done as much as we can do.

[dekafee79]

The only reason behind this is fear. When the coin starts falling, the fear starts in the mind that we might lose everything. Save as much as you can. At that time there is no patience and equality.

However, everyone is afraid of losing the funds invested in each investment, because they hope to make a profit, but instead they lose.
No one wants what they invested to be lost and cannot be returned, so everything will be done to prevent that from happening.
Everyone will, of course, try, but it will be up to each of them to see whether they can prevent it from happening.
Saving is a step that can be taken as long as it is a goal that will be done as much as we can do.

No one wants to lose when investing. We have to learn and have knowledge in investing, whatever it is. In crypto, we have to learn and choose experience in investing so that there are no losses, although there will always be losses in our investments if we are not careful.

[Jamal Aezaz]

Yeah, that is the actual thing: people don't pay any attention to espionage, especially the newbies. They enter trading and gain a little knowledge, and then they rush into trading and make high investments based on their limited understanding. They think that their knowledge is enough and that they have it all figured out, but in reality, they have just begun. If they really want to be profitable, they should first learn, and then they will see profits. Buffer says, "The more you learn, the more you earn," and that the learning process cannot be completed in a single day or even a week; it requires some time. This is the reality that they have to accept.

Little knowledge is dangerous therefore get proper knowledge to understand the things even after initiation you should be focused on new things related to trading and investment so if something gets wrong then you can take help from the knowledge you have obtained.

This is the impatience that people who carry minimum study about trading start to trade in order to be wealthy but this is not a way to have a prosperous life as it is hard to have large numbers of wealth from trading without knowing anything. If you give maximum timing to get knowledge then you will not find anything difficult in the process of trading so be patient and work with an open mind to get knowledge as it is the first step toward success.

[Dr.Bitcoin_Strange]

Bitcoin is a great investment in the world right now and the best crypto investment, a lot of people has benefited in Bitcoin investment, a lot of people really don't understand how Bitcoin works and that is why you see them panic when ever there's a dip in Bitcoin, when you understand the history of Bitcoin I don't think you will always panic when there's a fall in Bitcoin, those that don't understand the history of Bitcoin are the once always on panic when ever there's a fall in Bitcoin price.
From the history of Bitcoin you will find out that Bitcoin always fall and rise and that has been how Bitcoin was been structured and the fall in price is just an opportunity for people to accumulate more and not for investors to panic.

The people I believe that are always panicking about the fall in the value of Bitcoin are those that are trading Bitcoin, anybody holding Bitcoin for a long time really don't panic when there's a fall in value, that is why it is always advised to hold Bitcoin for a long time in other not to lose your money, the only people that lose money in Bitcoin investment are those that are engaged in trading and those that are always panicking when there's a fall.
Bitcoin investment is a peace of mind investment and anyone involve don't need to panic.

The fear of Bitcoin not increasing in price is the reason why people panic when there's a fall in Bitcoin price, some people believe Bitcoin price won't go beyond what it is now and some believe Bitcoin will only fall at this level it has reached, this are some reason why people panic when there's a fall and people that has this fear are those that don't know the history of Bitcoin.

[TomPluz]

The fear of Bitcoin not increasing in price is the reason why people panic when there's a fall in Bitcoin price, some people believe Bitcoin price won't go beyond what it is now and some believe Bitcoin will only fall at this level it has reached, this are some reason why people panic when there's a fall and people that has this fear are those that don't know the history of Bitcoin.

I understand that there are so many newbie investors with Bitcoin and many of them are not financially and investment literate and that is why they can easily be swayed by FUD and may panic at the slight push of the button, so to speak. Now, the best antidote to panic is knowing the very history of Bitcoin and how it came up to where it is now...and surely we can see the rise in price after some years in the market. Bitcoin will always have its ups and downs...just like a very exciting roller-coaster....and if one is not prepared for the ride then the experience can be horrifying. Knowledge is always the key when we are investing into something, otherwise we can easily be lead into nowhere and we can be facing risks which are unnecessary in the first place.