Ninjastic
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Board Economics
Re: panic selling
by
batang_bitcoin
on 30/04/2017, 22:46:03 UTC
Quote from: darkfriend77 on April 30, 2017, 10:04:47 PM
Quote from: batang_bitcoin on April 30, 2017, 02:35:06 PM
Quote from: Mbah Tyo on April 30, 2017, 02:12:18 PM
The panic in the sale will bring harm, so try to stay relaxed in the face of any severe situation, because it will return to normal just take time to recover as before

It will bring harm to them because they are the one that decided to sell their bitcoins. Because they think that their profit is already enough but they are the ones that are giving some doubts about bitcoin's pump. Instead of making bitcoin pump, when they are doing panic selling they are not helping anymore.

But if the price of bitcoins exceeds their entry price and if its giving them huge profits then I don't think its smart to hold their coins at that stage and instead they should be sold to get huge profits from it as if you will never sell your coins then you will never make profits from it.

Profit is profit and there are traders that are doing it as long as they had their expected price. Just like me, I'm doing this sometimes but for only the small portion of my bitcoins. It's suggested that when you have the right profit already don't have doubts on selling it but the wrong thing is that most of us are doing panic selling when we are seeing the price to fall.