Post
Topic
Board Speculation
Re: Panic sellers are once again hating themselves
by
Daimon88
on 22/02/2018, 05:12:21 UTC
$10k is broken and with this a lot of messages of people that sold at below $6000 trying to "cut their losses". Mostly because a lot of people was about to go bankrupt as their longs got liquidated. And with this, also came the super bears expecting $1000 a coin again, so they put really aggressive shorts, of course, only to get destroyed by the current recovery.

Lessons to learn for the noobs: Never panic sell, never margin trade, you can FOMO if you are here for the long term (5 to 10 years) since it doesn't matter if you bought at $20k or at $5k as BTC will be worth millions eventually.
Don’t they always do, but at the end, they always end up learning their lessons. Unless someone is dumb enough, that is the only time they will be making the same mistakes twice. I wonder how someone will go through all the length of holding till $6000 and then panic and sell everything while listening to some bullshit FUD, over time, they get used to it with the experience and that informs their decisions the next time same incident happens.