Quote from: sportis on February 10, 2017, 05:40:39 PM

Quote from: ipanks on February 10, 2017, 01:32:21 PM

Quote from: Palodar on February 10, 2017, 11:27:15 AM

Quote from: batang_bitcoin on February 10, 2017, 10:51:17 AM

Quote from: dmamigo on February 10, 2017, 10:16:51 AM

Quote from: batang_bitcoin on February 10, 2017, 09:40:52 AM

Quote from: Strongkored on February 10, 2017, 04:01:30 AM

Many people who lack understanding of the market and prefer to believe every rumor in the decision to sell Bitcoin that they had made it up because they are afraid of pricing conditions deteriorated but notice that the price of Bitcoin could rise again in the future.

Those people surely are not patient upon seeing the price to fall and they will do the same thing as those dumping people did. Because they fear that probably the price will go further to fall and they don't know too that it can do come back on higher price so instead of just holding, they do panic selling. I'm one of them before.

Panic Selling is the biggest drawback regarding Bitcoin, maximum people whom I know dump their Bitcoin as the price goes down more as usual. They don't understand it results in more price drop. In market if value falls, it has to increase again if its popular. When People will understand, this panic might stop.

Well it is really adding and contributing for the price drop but when that happens. It also makes those traders buys a lot of bitcoin and that makes the price to pump again. So when there are panic sellers, there are also panic buyers. And they are making the trades of bitcoin balance so we don't need to panic about it.

Exactly. There are so many bitcoin baggers out there waiting for this opportunity. There is no need to panic on selling bitcoin because at the end, the increase on its price is always happened. This is proven for over 5 years of investing in btc

agree with this but for new trader, they getting panic selling when they see the price is getting down and this is why the price is down to fast in the market. if they can hold it a little longer, then i think the price is not going down to fast and i think the price is hard to gets down.

The last two days it's a nerves war. Not only for a new trader but and for an experienced one who can feel the fear that he will loose his money. I am referring about the traders who have their bitcoins in OKCoin and Huobi . I don't blame them when the exchanges decide to suspend withdrawals of btc and ltc in order to comply with the chinese laws and regulations for a month. After that, how can anyone trust their coins to these exchanges again? Moreover is anybody sure that they will keep their promise? What if they decide to suspend withdrawals for another one month? So for these traders last days is not a panic selling but a survival one

They have been warned

Wise and agile traders already knew about the exchanges going to suspend withdrawals before the actual announcement yesterday. In fact, it was possible at first to withdraw money through other currencies (e.g. Ethereum) and quite a few did just that (sold their bitcoins for Ethereum and then withdrew the latter). The rumor has it there will be no more Bitcoin exchanges in mainland China in a month or so