Quote from: Zenithar on April 30, 2017, 11:59:17 PM

Quote from: J9901 on April 30, 2017, 10:56:29 PM

Quote from: batang_bitcoin on April 30, 2017, 10:46:03 PM

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.

The reason behind panic selling is that people lack patience and they get panic when they see price going down and start selling their coins at cheaper price and I think that is the time when we should hold our coins tight and wait for the price to bounce back again but generally people doesn't follow this simple rule.

yes that can be right. but i think the main reason can be that most of the bitcoin trader do not have experience, and specially they do not have experience in short term investment. but in fact people are now become mature and they are now getting trap in panic selling as in precious time we experience a panic selling situation but the market get a good support very soon and the reason was that people try to hold their bitcoin and not to sell in such kind of situation.

If price starts going down then instead of getting panic and start selling our coins we should take advantage of price drop and start buying more coins and that will help in recovering price very back soon.