Quote from: pungopete468 on November 24, 2017, 03:43:21 AM

Quote from: Ipwich on November 23, 2017, 07:05:46 AM

Quote from: AVAMONEY on November 21, 2017, 01:46:02 PM

Quote from: bitgov on November 20, 2017, 05:40:28 PM

Of course panic sell it is psychological effect, but always is starting from mathemathic/statistic calculations or some extremely bad news for the project.

In my opinion the real price of Bitcoin is much lower than what we see on the market today, and the panic sell for Bitcoin is very real.

Psychological effect. with so many issues and drastic price drop. Many people take this action, and this is real.
Although from what I see, this is part of the market action to correction the price and restock the supply.

When you have no enough information about bitcoin you can easily panic and you will sell with a loss.
I would say it's not good because we are here to make money that is why we invested, we need to improve our knowledge as that is the only way to succeed here. Panic selling will create opportunity for smart people because they'll buy cheap.

Yes people who are new to bitcoins and don't have enough knowledge about it will easily get panic and will start selling their coins when price starts going lower and in that case big whales will take an opportunity to buy it at cheaper price so even if you are new to crypto world one thing you always have to keep in mind is that holding bitcoins longer will always be profitable.

I agree with you that is why i always say just know before you do anything because if you do not know a lot then you can make big mistakes and you can lose a lot and this is about money there is no joking around we need to be serious.