Author Topic: What action do Bitcoiners take on Bitcoin bear or bull market?  (Read 512 times)

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Offline MikemikyTopic starter

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To accept sensibly #Bitcoin falling, to be more mature on the price falling instead of being nervous.
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Offline CryptoStar19

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Re: What action do Bitcoiners take on Bitcoin bear or bull market?
« Reply #1 on: June 24, 2021, 07:27:03 PM »
Well on the bear market we accumulate, and at the top of the bull market we take profits. Simple stuff. :-)

Offline Dora WalletInvestor

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Re: What action do Bitcoiners take on Bitcoin bear or bull market?
« Reply #2 on: June 25, 2021, 08:32:23 AM »
Yes, I don't know what most people are doing right now but panic selling wouldn't be a good idea. I'm sure Bitcoin will do well in the future again, hodlers should keep hodling.
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Offline CryptoStar19

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Re: What action do Bitcoiners take on Bitcoin bear or bull market?
« Reply #3 on: June 25, 2021, 03:30:15 PM »
Panic selling... never a good idea. Panic buying on the other hand, that's a different story.

Offline mlawson71

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Re: What action do Bitcoiners take on Bitcoin bear or bull market?
« Reply #4 on: June 26, 2021, 12:33:18 PM »
Do people ever panic buy?

Offline CryptoStar19

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Re: What action do Bitcoiners take on Bitcoin bear or bull market?
« Reply #5 on: June 28, 2021, 12:56:55 AM »
Do people ever panic buy?


Sure. People who dollar cost average into bitcoin on a regular basis and are sure of bitcoin's future and are stacking for the long run might find themselves panic buying (buying more than they planned to buy) if the prices dip more than they expected.

Offline Dora WalletInvestor

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Re: What action do Bitcoiners take on Bitcoin bear or bull market?
« Reply #6 on: June 28, 2021, 08:07:14 AM »

Sure. People who dollar cost average into bitcoin on a regular basis and are sure of bitcoin's future and are stacking for the long run might find themselves panic buying (buying more than they planned to buy) if the prices dip more than they expected.


Interesting. And do you think panic buying is not as bad an idea as panic selling? To me, panic buying sounds like a bad idea, too - it implies you are not buying based on a rational decision, which might make you take bigger risks than you should.
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