Have you ever sold bitcoin in panic?

[k2h2]

Sometimes bitcoin prices correct by more than 20-30% in very short time. Such behaviour is seen after continuos increase and many have bought at top already. So, there are chances of panic as well with this drastic fall. Have you ever faced this personally I past and did you sell holdings in loss for this?

 

[Infinitillionaire]

I once opened a trade with 100X and saw my wallet lose 40,000$. I panicked and closed the trade. The price corrected 1 hour later and if I kept the trade open I would have made a small profit. The market is really manipulated because companies hold huge amounts.

 

[k2h2]

I once opened a trade with 100X and saw my wallet lose 40,000$. I panicked and closed the trade. The price corrected 1 hour later and if I kept the trade open I would have made a small profit. The market is really manipulated because companies hold huge amounts.

Future trading?

 

[Infinitillionaire]

Future trading?

Yeah. I think it was 125X on Binance. Not 100X. Totally a dumb decision...

 

[natsuko]

Yeah, I’ve been there. During one of those sharp 30% drops, I panicked and sold a chunk of my BTC at a loss, thinking the market would crash even further. Of course, a couple of weeks later, the price rebounded, and I regretted it big time. It taught me to keep emotions in check and focus on long-term holding unless I’m trading actively. Now I set limits and try not to stare at charts during dips.

 

[Walter9988]

Yes many times.
Market sentiments and emotions makes us take many wrong decisions.
Fear of missing out is another thing because of which we make mistakes.

 

[doctorlee]

I've done panic trades where I saw something rocket, then sold something a loss so I could get into that coin that's going crazy. Sometimes it's worked and sometimes it hasn't

 

[xReminisce]

No
because it may drop now
but it will rise again