Quote from: phr0stbyt3 on April 03, 2017, 08:17:56 AM

Quote from: richardsNY on March 01, 2017, 08:15:31 PM

Quote from: phr0stbyt3 on February 21, 2017, 07:25:39 PM

Quote from: richardsNY on February 10, 2017, 11:37:56 PM

Quote from: phr0stbyt3 on February 10, 2017, 10:02:55 PM

Quote from: Xester on February 10, 2017, 12:42:15 PM

Its normal especially to newbies in bitcoin and trading to panic when the price is going down. They tend to do that because they lack experience and enough knowledge about the nature of bitcoins and trading. But the longer they are in the business and their experience becomes wider then they will no longer panic and just do proper trading leaving strong emotion aside that impedes their judgment.

Well if you see most of the people who have invested are newbies itself. There are very less people who actually take the effort to
know more about the currency and how it works. Basically people see that bitcoin was 0.1$ some 7 years ago and now it is 900$ so
they invest in it. And when it reaches 1000$ and starts falling a bit they start selling.

If they only look at how the price has performed in last years, and take for granted that it will happen again, then they are just blindly buying (also known as gambling) themselves into Bitcoin. If you take into consideration that the price tanks heavily every now and then, then it's just a matter of time before these people get shaken out of the market with heavy losses as result. They either learn from it, or simply remove themselves entirely from investing in Bitcoin.

What makes you say that bitcoin is gonna disappoint it's investors. I agree there are ups and lows but if you see in long run it is profitable. The limited supply is one of the reason that makes me trust on the currency that it won't end up like gold. Even though most of the investor do blindly invest but I don't think they will ever regret about this in the future.

I nowhere stated that Bitcoin is going to disappoint investors. I was talking about how newbies get shaken out of the market as they completely ignore the recent market situation because they base their decisions on how the market has performed in the past. People (newbie or senior investor) if they blindly buy they need a lot of luck to leave with profits, or they (most likely) sell in panic due to their expectations not being met.

I don't think there is currently in the bitcoin community who actually sells his bitcoin as a loss because no matter what happens bitcoin price will surely increase in the future no matter what happens. Selling bitcoin at a loss is the worst decision a holder can ever do.

Such a decision can only be made by the person who does not believe in bitcoin. These are random people in the bitcoin community.
I think that before you sell, you need to carefully study the news and analyze the market

Mersedes

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