Quote from: Genemind on January 21, 2018, 11:40:35 AM

Quote from: fiulpro on October 11, 2017, 04:37:38 AM

Hey everyone

finally the price of bitcoins is increasing and was becoming more stable but ! Its price is again decreasing now... You know it will be very nice if you guys instead of dumping them hold on to them...
Dumping the bitcoins in panic because of the fear of the price never reaching this high value in future.. does affects the price of bitcoins in a very bad way!
Yes some people get profit form it but!!!it decrease your future chances of earning even more higher profit... And so does for everyone else...

It is true because panic selling creates a chain reaction specially to those people who panic whenever price goes down. Just imagine if everytime people sell as they see bitcoin price go down, more and more people would sell because price would keep going down.

By holding, you will be able to exit as soon as the price goes up again. But with panic sales, you will only lose more. If someone starts to panic selling, others who have weak hands will join a panic selling party that will push prices lower