Hey there!
A question of panic selling was already discussed on this forum a billion times. But whats bad here? If you are sure that the price will grow back then you can just buy some BTC in better rates. The more dangerous will be the situation when someone is buying BTC while being afraid of loosing some profits despite the fact that pump has already happened (I'm calling it a panic buying). Thats seems like a straight way to lose money and make a bubble.
Panic buying is really called FOMO (Fear of Missing Out). I think if you don't really want to missed the opportunity, you don't need to be nervous, just get out when you fell you have profited already.
Hey there!
A question of panic selling was already discussed on this forum a billion times. But whats bad here? If you are sure that the price will grow back then you can just buy some BTC in better rates. The more dangerous will be the situation when someone is buying BTC while being afraid of loosing some profits despite the fact that pump has already happened (I'm calling it a panic buying). Thats seems like a straight way to lose money and make a bubble.
I beg to differ, I have stated trading when btc was 5000 i buy that rate.
Then jp sucks and make it 3000.
That period was over and now i am at profit.
In btc one thing i learn,if you hold you will not instantly but eventually.and thats the beauty.
it is 100% true but sometimes it is best to buy in the dips.
for example the JP Morgan thing was an obvious FUD for them to buy bitcoin, and the market reacted on a completely expected manner. you could have sold what you had or waited for the bottom if you had money to buy back and enjoy their FUD and the panic dump that came afterwards.
Yes, I agree. Its really better to buy in dips instead of buying when the price is going up. Nevertheless, those FOMO's are for real and will go and beyond their budget to get bitcoins because they are greedy and thinking of getting profits at the end of day.