Did you panic sell?

[C.Grigg]

With Bitcoin dropping to lows that we haven't seen in a while, have you panic sold any of your bitcoin?

 

[C.Grigg]

I'm the type of person who doesn't panic quickly to see the price of Bitcoin plummeting down, I still leave it in my wallet, as long as there are still many Bitcoin fans, I will buy Bitcoin if I have idle money.

Diamond Hands! Glad to see someone else has them. I'm down $35,000 on DOGE, but I'm not selling!

 

[Monster Masterpiece]

Selling or buying do not have to be based on feelings because if you involve your emotions at work trading will not be working anymore so you could hold even price is dropping down because one day it will increase.

 

[C.Grigg]

If only I didn't hold on May 6th, 2021, I would have had $233,500 and could have bought back way cheaper.
Coulda, woulda, shoulda.

 

[Lens]

I did a panic sell sometimes around last year during the dip. I needed money for something very urgent and I just sold my bitcoin off.

 

[Flower]

I have learnt a lot of lessons about panic selling. So I have seen it has a very bad approach to cryptocurrency.

 

[oldbuddy]

Not hardly, I am trying every day to add to my holdings so the quantity of coins will make up for the drop in price in the long run. It helps that I concentrate on earning more coins free, so there is no risk in my mind. I also mitigate the losses by depositing coins in interest bearing accounts that so far push the value up more than the slow drop in prices.

 

[C.Grigg]

Not hardly, I am trying every day to add to my holdings so the quantity of coins will make up for the drop in price in the long run. It helps that I concentrate on earning more coins free, so there is no risk in my mind. I also mitigate the losses by depositing coins in interest bearing accounts that so far push the value up more than the slow drop in prices.

I've been doing the same by dumping $40 into four different assets each week through Robinhood.

 

[Skysaint]

I really did that a lot early this year because the rate Bitcoin lost value was alarming actually but it's really very hard for me to do it right now.
The market is very unstable and that's why I invest very little amount these days and when things don't go as planned, I will invest more to it.

 

[Monster Masterpiece]

Selling is personal decision while people think to stop loses while other people think to contunie on the advanture means depends from one to other.

 

[GoldenLady]

I sold everything. The funds were to be used for my new baby and I was expecting it to appreciate so I could use only part of it.

That's why it's very important that one only invests money they can afford to lose.

 

[Monster Masterpiece]

I sold everything. The funds were to be used for my new baby and I was expecting it to appreciate so I could use only part of it.

That's why it's very important that one only invests money they can afford to lose.

We work for our children except if they becomes adult then they work for themselves and helps us with their salaries this is what rule is saying.

 

[Enxx]

Diamond Hands! Glad to see someone else has them. I'm down $35,000 on DOGE, but I'm not selling!

It is a good thing that you are not selling your dogecoin yet. You should wait and be patient till next year or after, by then we will expirence another boom market.

 

[GoldenLady]

We work for our children except if they becomes adult then they work for themselves and helps us with their salaries this is what rule is saying.

It's true. I do plan to reach my children about money and being independent from a young age though. Insufficient financial literacy is one of the problems we have now.

 

[Yugocean]

Once I did panic sale and that turned into a loss, so next time with experienced mind, I didn't panic sale, and that was a big loss with price crash. Now experience is volatile, still trying to understand

 

[Mikelo]

I've learnt to Invest what I can afford to loose. I haven't sold any asset out of panic so far, well that was because I invested a little

 

[Yugocean]

Ofcourse one must not invest more than one should afford, yet whatever we invest is drop by drop outs, and must not waste it. So panic sale might come anytime, but I didn't this time.

 

[Adedunmola]

Fear is part of the game. It's what create the excitement. I have been a victim of panic sell countless times.

 

[Yugocean]

Fear is part of the game. It's what create the excitement. I have been a victim of panic sell countless times.

Countless means you learned your lesson, and now won't do that again. But my experience is in case of Bitcoin - HODL, in case of Altcoin - Alert, in case of shitcoin - sell immediately.
Shitcoin drop has caused me highest loss.

 

[Mikelo]

Countless means you learned your lesson, and now won't do that again. But my experience is in case of Bitcoin - HODL, in case of Altcoin - Alert, in case of shitcoin - sell immediately.
Shitcoin drop has caused me highest loss.

Whenever a shitcoin drops in price I loose hope on it. That's why I hardly invest in them lately.