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Quote from: Gahs on July 29, 2016, 12:14:09 PM

We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.

i hope you are right but people are still panic selling their bitcoins form time to time in order not to lose their money if the price is going to be dumped

If you see prices are going down than it is good practice to sell any product which you already made some profit and can buy later at a lower price instead just keep looking at prices. I also usually follow this method and save I only small amount of BTC for long term appreciation. I sold most of my BTC above 670 level and waiting to start accumulate around 600.

It is difficult to get the timing right. So I do not trade the bitcoins. I just buy the bitcoins when the price is low and then hold.

well the timing is just about your luckyness and your talent to analyze the current trends whether it's buying or selling and news could affect the price very much,and your method seems just useful if the price rising so much than when you buy the bitcoins in low price

So I think it is better just to buy and hold the bitcoin for the price rise in the long term. We just have to be patient.

of course it is better to buy and hold now, people who are panic selling are just dumping the price without any reason and it is a bad thing

yes i am also agree with you, panic selling is really bad for both the invasator and for the market, we have experienced panic selling from some people side and they sell theri bitcoin with a very very low price but you can see that now the market is going to recover but they have already booked the lost.

Panic sellers allow people to buy their coins at lower price levels which is good for them.

It also happens with stocks and will never go away as people simply are not strong enough in their mind.

What's seen by one group of people as bad, is being considered to be a welcome opportunity for the other.