No one can stop the trader from selling off his stash of coins. The only thing we can give them is advise. But if they are really stubborn and wish to panic and sell because they see that their investment is going down. Actually, during panic and dipping of price, is it much better to buy instead of selling.
A small FUD created by anybody makes them feared of loosing money because there is nobody to tell them the big profit ahead so they act what they listen.
they are not strong believer
leave them alone
I don't like the notion of being a "believer" because it makes bitcoin sound like a cult
in any case I actually find panic selling a good thing. because of two things, one is that when they panic sell and price comes down, it creates a good opportunity for the rest of us to pick up some cheaper coins and make a good profit and also I like it because it cleans the market from weak hands which is usually called "shaking them out". it makes them go away or learn from their mistakes. in both cases it will be good for the market.
Exactly. It creates a perfect opportunity to new investors to enter the market to buy cheap coins. That's why I said that its better to buy then sell during panic. And its a hard lesson for newbies who have sold and later the price recovered regretting their decision. And next time when another panic occurs, they wouldn't make the same mistakes.
we could not
this is about the mentality and purpose of invest in Bitcoin
IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything
Buy and Sell is the nature of Trader
Therefore the key is attract new believer instead of trader
I agree with you, new traders are usually looking at short term wins. Seeing a drop will make them scatter.this is about the mentality and purpose of invest in Bitcoin
IF the new trader comes in the market as a short term opportunist, no matter how the mechanism be set up or the news spread out, it could not change anything
Buy and Sell is the nature of Trader
Therefore the key is attract new believer instead of trader
they are not strong believer
leave them alone
I don't like the notion of being a "believer" because it makes bitcoin sound like a cult
in any case I actually find panic selling a good thing. because of two things, one is that when they panic sell and price comes down, it creates a good opportunity for the rest of us to pick up some cheaper coins and make a good profit and also I like it because it cleans the market from weak hands which is usually called "shaking them out". it makes them go away or learn from their mistakes. in both cases it will be good for the market.
Exactly. It creates a perfect opportunity to new investors to enter the market to buy cheap coins. That's why I said that its better to buy then sell during panic. And its a hard lesson for newbies who have sold and later the price recovered regretting their decision. And next time when another panic occurs, they wouldn't make the same mistakes.