Post
Topic
Board Economics
Re: panic selling
by
Fireblade
on 07/05/2017, 23:10:51 UTC
I wouldn't suggest anyone to sell any Bitcoins right now since the price of Bitcoin is going up. Since I like to watch the Altcoins go up in value when the price of Bitcoin goes up, there is a large chance that people could make more Bitcoins from participating in the price uptrend.

The only thing that I don't like about people panic selling is that they usually complain when the price of Bitcoin gets really expensive and they can't purchase Bitcoin cheaply.

It's fine if they are going to sell only if they really need some extra cash for their own purpose but don't ever try to sell all the bitcoin that you had. I really hate panic selling, there's no unity between the users and traders, when this panic selling will be stopped for sure we are going to see the price to fly up to the moon.
We doesn't seems need to panic selling why? Because why would you sell it if you will lose? Then HODL for it and be patience you will see it if you panic sell and the alts that panic sell is pump much more high. Then you should think of it why i sell it? I just want to say AIM FOR THE HIGH

Yes we really don't need to panic when it comes on selling our bitcoins. But the only thing I'm saying that it's fine to sell, is only if you really need some cash or you don't have enough for spending. There's no need to do panic selling, the normal selling is fine because it is helping the bitcoin economy and only few btc you will sell.
in fact people need good knowledge about bitcoin trading. and when they will learn and get knowledge about bitcoin then they will not trap in penic selling, those people who do not have good knowledge about bitcoin then comes in pressure very soon and when the price of bitcoin start decreasing they consider it as panic selling and sell their own bitcoin with lost.