Well, panic selling happens to everyone. No one wants to experience losses that is why they make that decision. But most times it doesn't always end the way they think and they regret their decision. Sometimes you have to be bold and let what will be be.
Yeah, the price is the last few days has had some positive signs, and it did start to rise a bit as well which is a good thing, and I was very interested to see that. In my opinion I think that if they win this lawsuit the profit that you can gain from the ripple you are holding could be huge as it will build a lot of confidence in the coin and its usage.
But if they lose the lawsuit it might.. no it will surely affect the price negatively. This is kind of risky now that i think about it.. but im willing to take the risk just because my guts are telling me to do so.
This is so true. Infact, it happens a lot of time. When a trader has finished selling out his or her assets, not long from that point, market reverses and you'd be like, what!!
Hmm, that is too much time to wait for na, hmm, I don't think I can wait for such long time before selling it. The highest I can wait is 8 months, the time waiting is long. Even if we need endurance to succeed in trading, but that his endurance is much abeg.
sure. If you're so unsure about what to do in panicking situations, first take a glass of water and then critically scrutinize why you're being uncomfortable or depressed. This will help you avoid selling products that are worth it less valued.
Yes losing the lawsuit will undoubtedly be catastrophic for them because that would mean that most of the exchanges that have it listed will stop losing the coin in its entirety and this could mean that the demand will lower than well which will result in the low value of the coin. Furthermore, there are likely to be pay outs that are made by the ripple company which will send them under as well, and they won't be able to reboot the coin in the future.
There are many people who want to sell quickly due to lack of coins but they should not give up and should wait for the time. Good time is given.Sometimes everything goes out of hand in a hurry.
All i can do is hope and pray that they win. Because like you said it will have a negative chain reaction and with all that investors will probably dump even more. I hope if that happens it doesn't go down to the dogecoin level ..
I understand you very well maybe what he was trying to say was that he doesn't want to encounter losses in trading because take for example, in the group you just joined other people was buying coins in the morning hoping that it will rise in the afternoon for them to sell with profit but in the afternoon the price of the coins fell woefully against them and a lot of people panic sold their coin with losses but this morning the the price of coins as increase to a normal standard so maybe that's what I was trying to say.
When we are talking about panic selling in cryptocurrency for example,if example You buy a coin in the morning hoping that it will rise in the afternoon for you to sell with some profit but during that afternoon the price seriously turn against you even below the price you bought initially, what is the best thing to do in this situation ?
In this kind of situation, you need to be technical enough to study the trend i.e. know when to buy or sell. As a matter of fact you can employ the concept of HODL.
This would be a very sad thing to see, but I think that many rely on ripple because it is the best when it comes to the transaction costs for payment in terms for crypto, so I think that it will rise and continue to have a good market because of this. Perhaps if ripple had to lose the case that they will move to another country and start up again as there has been talk of them moving their headquarters to Japan.
