Quote from: virasog on May 02, 2017, 02:11:16 PM

Quote from: btvlGainer on May 02, 2017, 11:54:27 AM

Quote from: BeGoods on May 02, 2017, 11:24:04 AM

Quote from: cryp24x on April 30, 2017, 11:40:08 PM

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

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.

It is not the patience that triggers panic selling. It is the lack of knowledge on what it is their holding. Lack knowledge meand lack of faith, and lack of faith means easily get shaken when dumps occurs, may it valid or fake dump. So the first move this people who lack faith is to sell their holdings the soonest the can.

Impatient will also have the effect of panic because if you are patient you will survive and not panic when the price goes down. Knowledge also gives effect. If you have any knowledge of course you know the bitcoin price cycle and want to be patient in holding bitcoin

Without patience in trade, there is nothing to do, because these can only create yourself the additional stress and loss of funds.

Yes, indeed, things will just stress you out, just be patience on having your coin in your wallet, hold it and wait until it gets higher, bitcoin is good investment no need to panic since there are lots of people who is getting into it. Patience is the main element to focus here.

you just got what i was about to say. patience indeed! we must have this especially now that bitcoins price is pumping so high. but dont you think guys that many will panic sellbecause of the higher price? and they might want to take profit now than feeling lost when there will be dumps soon?