Re: panic selling

This is a typical thing in any market. A panic sell is quite normal, and a recovery usually always follows. You'll always see action from panic trading, that's where the money is to be made for the level minded players.

It's surely is a normal move upon seeing those people that are satisfied with the current price. But when someone starts to do so, the price will going to keep on being down and that's the start of others to do the same thing because they doesn't want to be late in able to cover some profit.

I do not think that trading bitcoin is the same as trading forex. I think no margin call or pip in bitcoin trading. Panic selling is fine as long as we can get profit. We do not have to worry if bitcoin price down because we are see that bitcoin price will always rise, aren't we. So do not do panic selling if we afraid to lose money.

Usually when people people they sell their bitcoins a a lower price and whales will enter to buy cheap bitcoins. Whatever happen we should not panic but it can only be possible if we know and understand what we are doing, there are a lot of traders and investors but only few of them are doing their job that's why when there's hype and FUD, they are easily affected.

I dont understand that why does it becomes panic for someone ? It may be for those who are selling the bitcoin due to certain reason when in a time when the prices are even low. The traders or the investors are just performing their job by purchasing and selling their Bitcoin in a good time period for them. This is business and what they are doing is just accurate.