Post
Topic
Board Economics
Re: panic selling
by
Cherylstar86
on 21/05/2017, 20:47:41 UTC
I'm watching it dump right now. Maybe it's temporary, but look at the volume. $100 down in minutes? That's another nice car I could have had.

Man just stop crying!
You've got three choices. Go short, buy the god damn dip or go to sleep again if you can't handle it.

What are you talking about? This is a thread about panic selling. You have some unreasonable hope that this won't ever end. I'm done with btc. Made plenty. Don't start attacking me because you can't handle what would happen if your 5 bitcoins went away.

I expected that as soon as bitcoin touched the price of $ 2,000, then immediately many people would sell. And this will cause additional panic and a decline in prices. But to my surprise, the price still keeps at a high level

We should not fear of this incoming price decline because it's a normal thing to happen. People waited for so long for the price break out into higher price after long term holding it, and now is their decisions to sell for good profit. Even though some were doing panic selling price kept on rising high due to the demand is also rising, and by that reason of rise in demand people who haven't invested from the past years were now decided to start using bitcoin and make investments.