Re: panic selling

when the price of bitcoin drop i dont usually panic on selling it out or cashing it out because after a weeks it will pump very high tried and tested since i begin on bitcoin and also bitcoin is so dramatically when it comes on crashing and then suspense when it comes on pumping maybe bitcoin is being control and depends on the traders .

Well you are a strong trader but sometimes you must dump your coins and try to get the bitcoins even cheaper, this is what most traders does when then see a dump coming, they join it and expect cheaper coins, this year it happened twice with 200-300 dollars between before and after the dump, and well bitcoin has recover in part those value, soo it would mean around 10-20% extra more bitcoins if you had followed those.

I agree that if a trading thinks the price will drop soon, he will sell regardless of the current price. The problem is guessing when a dump will occur. Usually it happens after some bad news or after the price has gone up really high. It's very hard to time it correctly.

It seems to me that with the crypto currency it is absolutely impossible. Sometimes bitcoin behaves unpredictably.
But often the price of bitcoin goes down due to the fact that many newcomers lend themselves to panic and sell their savings

and additionally newcomers are afraid of lose money. but they dont even know this is part of trading experimentation. Patient and self-control is more important than statics,graphics in this market. i can't say anything to panic sells while in margin trading.

Experimenting in trading shouldn't require losing money, you can open practice trading accounts or trade with insignificant amounts of money pretty easily.

yes that is right you first need to get good experience in trading and therefore you should not try to invest big amount of bitcoin tell you become an experience person. i think when you get a good experience in trading then you can use your money for trading.

Experience is one of the requirement to earn a lot of money in trading but if you don't have any experience in trading you can substitute that with knowledge because it is just the same because if you have experience then you already have knowledge. Both of them will help you to get or generate a lot of money in trading if you just be patient in improving yourself from those two things.