Quote from: knightmairesaint on December 04, 2017, 12:01:51 AM

Quote from: Rodeo02 on December 03, 2017, 11:27:15 PM

Quote from: Dissident991 on December 03, 2017, 10:36:00 PM

Quote from: Squid3k on December 02, 2017, 03:29:39 AM

I'm trading it right now at 11k, i'm surprised at the amount of people that are scared by a 24 hr drop. Prices will rubber-band, and consider the amount of people that don't even know what bitcoin is. It still has a lot of growing to do.

Because a lot of people are waiting for deep correction and ready to sell their bitcoins, if price will sharply move down.

i think some people are making some target price it is good for you if you have that cause you have the price where you are able to sell your bitcoin but some are thinking that it may go more but for you to not miss the price that you wanted to sell and never ever got some regret for , sell it if you want.

I do have a target price just like other people but I won't be needing much so I will hold most of my bitcoin. I have trade at $11 000 just for financial purposes. I do really think that what is wrong with some other people's way of saving is that they sell whenever the price suddenly goes down. What I mean is that, panic selling is no good at all, it will be better to trade at higher prices in case of emergencies.

A lot of people will keep having this problem and even despite all the things being said on this forum, I still find it funny that panic selling is still rampant.

The only best way to sell is when you know you need cash at this stage or when you are a trader and you have a strategy. Panic selling can only make one lose, which is why it has always been said that no one should invest what they cannot afford to lose anyway.