Quote from: Pattart on May 10, 2017, 11:25:04 AM

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Quote from: Core.BUSTER on May 08, 2017, 02:35:48 AM

Panic selling is just for inexperience holder of the bitcoin because if you are have enough knowledge you will not do a panic selling.

I am one of those inexperience holders that started to panic when I'm seeing the price of bitcoin to fall but I learned from my mistake and started to focus with the charts. And right now, I strongly believe that the price of bitcoin is going to become higher and I don't need to panic right now, the market of btc is strong.

Yes, to make good money using bitcoin you need to get a lot of patience, because emotions can only be lost.

I don't think so, The patience will be usefull for the long-term investment or trade. If you try to short and it will be useless. In these days a lot of the panic selling was hurting the price of coin caused by the bullish of bitcoin.

Correct panic selling is not good for the investor, doing short term investment in bitcoin is not good for an investor because Value of bitcoin is volatile its hard to predict when it will rising or dump.
But panic selling is good for the bitcoin it self and there is also benefits for those users who keep their bitcoin for a long term.

correct mate. panic selling will do you nothing. you may get profitbut it is still good to mmake more profit if you will hold bitcoin in a long term. and not sell it just because you think you have enough profit. do it with alts but not in bitcoin. bitcoin is intended for long term investment. so hold and triple or quadruple your profit.

But sometimes panic selling also provides benefits. If you're lucky maybe your panic will benefit you. Because I had panicked and sold my bitcoin. After that the price goes down! Really it is profitable for me

That is the other peoples strategy even in a small profit they sell their bitcoin or other coins, and when goes down they buy again, it doesn't matter, they are just conservative and very practical. It is one form of strategy, but panic selling has also disadvantage because you can gain more if you just patiently wait.