Panic sell can make you lose big money

Alexandoy

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You are very correct, I remember when I panick sold my bitcoin at the beginning of the dip and bitcoin rose 4% the next day it was painful at the time.
That is your sad experience that you sold and the price went up. But now those who sold at $40k are feeling relieved because Bitcoin price in the market is going steadily at $33k and today it is down to $32k that more likely that is the trend. Maybe it is the time to buy now.
 

Sotherefore

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Yeah it happened to lots of other people too, because at the beginning one won't be quite knowledgeable as time goes on, we learn from our experiences no doubt and make improvements
Seriously the saying that " experience is always the best teacher " is true ,ever since I came in contact with cryptocurrency experience has taught me so many lessons and this has improved my idea in the crypto system
 
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Justin

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yes, panic sale cn make you lose money, when bitcoin started losing value a lot of eople started selling bitcoin for lesser amount tht they actually paid for when the price was high
 

Ub40

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Actually, panic sell can cause one to lose money but it may also be a wise decision to take in some cases of serious fall in coin price as it is possible for the coin to fall to a very bad state that can cause one to lose serious money. It is just my opinion.
 

Alexandoy

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Actually, panic sell can cause one to lose money but it may also be a wise decision to take in some cases of serious fall in coin price as it is possible for the coin to fall to a very bad state that can cause one to lose serious money. It is just my opinion.
Some comments in another forum on the dropping price of crypto is about selling. You do not lose money if you will not sell. That means you have to wait until the price goes up again and that is when you should sell to earn a good profit. However, the time element is not clear if that is a month or 1 year or maybe a century.
 

jeff87

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A lot of traders feel panic and selling theire coins when they see a big fall in the price that can help
you if the price of the coin fall too much more after you sell but in some cases you will lose more if you sell fast
then the price back to rise again
Panic selling can really make you lose a lot money. Its better to get stuck to the price that you bought it and hold. If you panic sell then its very hard to recover your money. In holding your coins and not panic sell there is still the chance to recover all money when the market price goes up again.
 

tyrim88

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A lot of traders feel panic and selling theire coins when they see a big fall in the price that can help
you if the price of the coin fall too much more after you sell but in some cases you will lose more if you sell fast
then the price back to rise again
Even though the market is a volatile one,caution demands that not all scare will start making an investor to abandone his investment and sell at a rediculous price.The tough at heart always catch in on the oppourtunity and increase their portfolio at a deep.
 

Nomad

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When price drops, the price will continue to drop and go too low. The reason for this is panic sale. When the coin starts losing value, many holders star selling their coins.
 
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