Josemendez
Verified member
The world of cryptocurrency ,is one characterized by buying during a dip and selling when the price rises or seem to dump further.
Panic sell comes ;
1. when an investor buys a token and because the token seem to be dumping further sells of the token to avoid further loss.
2. When an investor buys a coin and when the coin rises to a higher price ,that there is fear of the possibility of a fall , the investor sells of his coin ,so that he won't lose if there comes a fall.
When Bitcoin reached it's first all time high of $20k , many investors thought that it will have a dump as experienced in 2017 . few investor gave in to panic sell ,and sold their coin at $22k price .
Now , Bitcoin stands strongly at $30k plus price.
The best way to avoid giving in to panic sell is to watch the market statitics ,and know if there are more sell or buy .
Panic sell comes ;
1. when an investor buys a token and because the token seem to be dumping further sells of the token to avoid further loss.
2. When an investor buys a coin and when the coin rises to a higher price ,that there is fear of the possibility of a fall , the investor sells of his coin ,so that he won't lose if there comes a fall.
When Bitcoin reached it's first all time high of $20k , many investors thought that it will have a dump as experienced in 2017 . few investor gave in to panic sell ,and sold their coin at $22k price .
Now , Bitcoin stands strongly at $30k plus price.
The best way to avoid giving in to panic sell is to watch the market statitics ,and know if there are more sell or buy .
