Re: panic selling

Theres a little panic selling thats happened this week thats why bitcoin price go down. But its not enough to make bitcoin price to go down deep. A normal strategy to make profit in a short period of time.

We should not get panic and at that stage we should try to buy as many coins as possible by taking an advantage of price dip so that it can give us an opportunity to accumulate more number of coins at lower price and sell them when price goes higher in future.

For the bitcoin, when there is panic selling and the price drop a lot, I will buy more and have made some profits since.

There is a lot of whale that just waiting for the big dump so that they can bag more of it. There is no need to panic selling if you are just a small volume order because they are many backup out there that willing to support bitcoin. Don't treat bitcoin as regular cryto currency out there that has a very volatile price.

Short term fluctuations should not make you worry of loosing your money as its a common practice in bitcoins so even if price starts going you should hold your coins and wait for the price to bounce back instead of getting panic and selling at lower price.

New investors will easily get panic when they will see price going down and will start selling their coins but those who are familiar with bitcoin and using it since long time will never get panic and will hold their bitcoins and wait for the price to rise again.

You are right - some newcomers very easily fall into a panic. They are not used to seeing such price fluctuations. This is the old crypto currency users already know that the difference of $ 100 for 24 hours is normal