Post
Topic
Board Economics
Re: when you sell out of panic, you are contributing to the dump!
by
Pasaway2701
on 03/02/2018, 12:42:36 UTC
Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
People know, some of them just can't control it, that's why it's called panic and govs are counting on that. Also not everyone can afford holding BTC, while it's dropping, even though they know it'll increase someday and they're losing the game by doing so, they need their money rn.
Some people do not have choice but to sell their bitcoin in low price specially when they really need it and it is their only way to have money. This situation taught that you also need a job where give you stable salary that can support your daily living because not all the time the price is profitable. You need lot of time to wait for bitcoin to recover its value and gain profit.