Post
Topic
Board Bitcoin Discussion
Re: I Love To See People Panic Selling Of Bitcoin
by
mrcash02
on 19/03/2018, 00:56:29 UTC
I know there are people get their profit now, they bought their bitcoin on very cheap price and as the bitcoin's price go high there are many dumping their bitcoins. However new investors of bitcoin or should I say newbie on cryptocurrency are panic selling their bitcoin in the mere fact that they bought on ATH all time high price, I love to see that they learn and this is how we welcome all the newbies. Welcome to the cryptocurrency!!! Always learn from the mistake, that's the best strength we can get after losing, that's where we all started.

For me, it is strange thinking, but when you said, it is welcome for newbies then i agreed with you. But good trader never feel panic, and it is a quality of trader when we do trade without panic and deal with patienter. But majority of newbies trader are doing it, they feel panic in a day and then they sell  their coins and sometime they sell their coins in a loss. So it is also strange that we are welcome for newbie in trading and usually newbie are selling their bitcoins because of panic feeling.
Most of the new entrants to the market have not had much experience in keeping up the psychology and I am sure 80% of new people have sold all of their assets at very low prices. I think people are still selling panic and the cryptocurrency market is collapsing but I'm sure it will rise again on hold of the year.

It's normal when people are newbie to have panic and fear about the market. It's something new for them and they fear to be scammed (many people have already been scammed in the past on the internet) or lose money. But it's never too late to start again. They can have some losses, but sooner or later they will have to enter the market again, and it's better they watch the prices to do this on the right time.