Re: panic selling

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

it is the nature of the bitcoin that when its price start decreasing then it can dump more that 100 points in few minutes although it can also recover its position very fast than its decreasing, but still people think that it is better to book a little lost instead of losing everything, they forget the recovery of the price of bitcoin again. i think they should try to hold their bitcoin specially in panic like situation.

100 points or 100 percent? Please make some clarify of your statement, I know bitcoin could dump but I'm
not seeing it to dump at that level, that is pretty much alarming and will probably cause panic.

A drop of 100% would be Bitcoin going to zero, so it's not that. And 100 dollar drops happen quite frequently in short periods of time. Bitcoin is very volatile and drops $100 sometimes in a matter of hours. We've had several such drops in this first half of 2017 alone.

That is frequently happening to bitcoin and that is very normal to bitcoin. Even if bitcoins value drops by 200$ it will still go back to the current value and will tend to go back up. The dumpers that threaten bitcoin and telling people that bitcoin will melt since they will dump large of bitcoin. But those threats are no longer a threat but it becomes a motivation for some people to save money and prepare to buy more bitcoins since a dump will occur. Today nobody is dumping bitcoins except if necessary.

There's never a guarantee that a drop in any asset price will recover. Thinking so is a fatally flawed way to approach any investment. Bitcoin is not a special exception to the laws of economics. Also, it's been a wild ride the past few days. Bitcoin has dropped about $700 in a 24 hour period now, which is now the largest dollar drop, but at the time represented a 25% decline. That's a crushing drop, but I'm not sure it's the largest. That's how volatile bitcoin has been over the years.