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Topic: Are you in panic whenever there is a big drop in price? (Read 4566 times)

member
Activity: 571
Merit: 11
Unfortunately, emotions do not make you see the bigger picture, the corrections are useful and allow the passage from one investor to another who have different temporal perspectives.
Obviously when it comes to serious projects, with a team, a community and news, updates etc ... watch out for coins that promise to be the new bitcoin or dogecoin because they will prove useless and probably scams even if they go parabolic.
legendary
Activity: 2464
Merit: 2094
Selling because of panic is ridiculous because anyone who is already in the crypto space is not taught to panic when there is a price correction or drop that is only temporary.
Panic isn't always a bad idea in trading in my opinion. You have to determine how much you can lose when the price down and you will know exactly what the CL is for. In addition, you are not advised to hold on to trading asset forever because if you want to make a profit you have to be smart enough to take advantage of market fluctuation.
full member
Activity: 1190
Merit: 123
★Bitvest.io★ Play Plinko or Invest!
I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you
During a bull run like this whenever there's such amount of drop in price people are always scared, because they feel like that's how it will keep dropping or the bull run has ended, its normal for people to be scared  but not for me, cause I'm actually waiting to buy those dips since it's the best time to get good coins at a cheaper, just like the recent correction that happened last week so many altcoins dipped eth dumped to $2,100 but today it made a new ATH of $2,800, this shows that dips are the best time to buy not at ATH like mose novice buy.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
Selling because of panic is ridiculous because anyone who is already in the crypto space is not taught to panic when there is a price correction or drop that is only temporary.
Not everyone in the crypto has that attitude of being calm during market corrections. You'll really see people getting into a panic and selling what they have if the market's shape is so bad.
Even it is just a temporary drop, they'll sell because of their emotional drill.
sr. member
Activity: 817
Merit: 250
Yes sometimes i become panic and make a panic sell. But after few days i saw the price has risen a lot more even more than my target.
So in the end those people can fill up Their bags who can stick to their plans.
So don’t sell panic.
Remember that coin will rise which will fall first.
I am also like that, sometimes.
I am too afraid to get a loss so immediately I have sold some of my coins, even though it is a price correction and in the future it will go up.
I am too panicked so I did not think about my original plan..
sr. member
Activity: 1008
Merit: 250
Yes sometimes i become panic and make a panic sell. But after few days i saw the price has risen a lot more even more than my target.
So in the end those people can fill up Their bags who can stick to their plans.
So don’t sell panic.
Remember that coin will rise which will fall first.
Selling because of panic is ridiculous because anyone who is already in the crypto space is not taught to panic when there is a price correction or drop that is only temporary.
jr. member
Activity: 420
Merit: 1
Yes sometimes i become panic and make a panic sell. But after few days i saw the price has risen a lot more even more than my target.
So in the end those people can fill up Their bags who can stick to their plans.
So don’t sell panic.
Remember that coin will rise which will fall first.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
Panic is normal to a person who are afraid to get lose because of huge price drop. But for those who are risk taker person and already know the market trend, will always use this price drop as an opportunity to buy more tokens/coins. Also you don't need to panic because ups and down in the market is just  normal. You can't earn profit specially in trading if the value of a token just keep increasing and never drop even a little.

There are many ways to earn from this market, anticipating the upcoming events gives you a much closer glimpse of those possibilities. Most of those who panics are victims.

Traders who have confidence with his skills will never panic in ay given situation else, he'll figure it out and see the potentials.

You need to develop and enhance your skills in order to survive from this industry, the volatile nature of this investment venue
are more on providing opportunities to earn, learn to maximize your benefits.
full member
Activity: 826
Merit: 104
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Of course I will never panic when there is a big drop in price, because in my opinion it is only natural that the market is corrected and I am even happy when the price of coin that I invested is down, because I can buy more at a cheap price and hold, so when the price increases according to my target, then of course I will definitely get a big profit.
member
Activity: 1041
Merit: 25
Trident Protocol | Simple «buy-hold-earn» system!
Panic is normal to a person who are afraid to get lose because of huge price drop. But for those who are risk taker person and already know the market trend, will always use this price drop as an opportunity to buy more tokens/coins. Also you don't need to panic because ups and down in the market is just  normal. You can't earn profit specially in trading if the value of a token just keep increasing and never drop even a little.
newbie
Activity: 5
Merit: 0
The first time I invested in cryptocurrencies, I used to panic all the time.
I never miss a minute checking my portfolio; it makes my emotion go rollercoaster. Slowly over time, I have stopped this behavior, and I don't frequently check prices anymore.
I became a HODLer which is beneficial for me as I tend to invest long-term.
 It makes my emotions more stable and relaxed. If you're going nuts over a dip, you will have a hard time in this space.
sr. member
Activity: 350
Merit: 250
I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you
I panicked, that was the first time I faced it. But gradually later when I experienced I was less scared and more anxious. Anyone who sees their money lost is worried.
But from there we grasp the signal to take profits. It's important to capture the signal. If you keep that panic, you won't recognize them. So be calm and smart
sr. member
Activity: 1313
Merit: 278
There is no point in panic. When we panic, we act automatically, on reflexes. In case of survival, this can help, because during a panic, many run without looking back. But when we are faced with technological progress, panic only gets in the way. However, it is difficult to understand panic when you are already at its mercy. In any case, the fact that I just realized that my money was lost and it had already happened, nothing has changed, it has helped me the most.

Knowing that dealing with the panic successfully will give us a more progressive perspective, but as you said, the panic when activated is too confusing and uncontrollable, a few small losses will not give us such panic but in the face of a big loss, our psychological weaknesses are very clear, the reduction in wealth is too frightening, even if this amount is the last amount of savings, it really creates a crisis. Perhaps the investment path is always bound to fear, but the benefits can be evident in the calm face of problems both in investment and in life.

Then this should serve as a signal that you are prone to panic. If the first time panic always catches you by surprise, then there should not be a second time. If it happened a second time, and you again lost all the money or suffered heavy losses, it means that you are not prepared. This means that you ignored the signal that was given to you earlier. After the first case of panic, you simply have to take action, as a last resort, no longer trade or invest.
sr. member
Activity: 1582
Merit: 279
PredX - AI-Powered Prediction Market
Certainly panic when the market goes down in a short and significant time but when I already have a strategy to anticipate bigger losses I won't panic excessively. People who panic they can't control their investment so they get a loss. What is clear is that you must be able to manage money management and set your investment strategy so that when the dump market you already have a plan
full member
Activity: 519
Merit: 101
I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you


I believe that the price of the coin I am holding will just be like the roller coaster. It will go up and down the only problem is if it goes down or stay down for a long time. But it is already part of the market so I get used to it. I do not panic because I trade on a good coin now unlike before that I trade and invest in a shitcoin so I lose a big amount of money. Panic also does not help me or any trader at all. I can't always monitor the market due to sometimes hectic schedule and because of that I hold my coin for a long term but of course I am using stop loss.
member
Activity: 238
Merit: 10
I am a strong holder. I don't feel panic when a coin dump. But if I have high loss then I would see token Price again and again. Cheesy
newbie
Activity: 7
Merit: 0
You don't have to panic, you have to be cold and think. Ofc coins are also going down, you don't have to panic when this happen.

Be a Holder, don't sell immediatly on panic because you will lose money.

Most important thing, read about the project you want to invest in; read the whitepaper, study the roadmap, put some interest in it, not just your money. Gotta be careful on those scams projects..  Grin
sr. member
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
Afraid of its deep discounts? A little bit, but after all, I'm happier seeing it go down because I'm really scared that something just goes up, with my time in the market I'm aware enough to know the times Adjustment is essential for a strong bull run.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
No, if I ever get stuck on a coin, I'll profit from the uptrend of another coin.

Then check to see if the coin you recently invested in is about to pump again. That's one of my trading values because I only have a limited amount of money and I'd rather make small profits than wait for the coin to go up and demand the profit.

Each coin will always experience a correction; however, you should be aware that we, the investors, are the ones who control the market. If the coin is overbought, anticipate a correction, swap your coin, and then join the dip once more.

If you're stuck and your coin drops dramatically, it's possible that your entry price is too high or that your entry is wrong. If you've had a significant decrease or, to put it another way, a correction, it's your fault.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
No because i know and believe in the project i invested in.

You will panic if you don't know about you invested in, so even though last week my portofolio drop more than 20% i just calm and don't panic because i hold my coin for long term.
well, that's really good for you. Many people will feel panic and stress when they see their assets decline, and personally, I also often stress seeing that. it's just that, sometimes I prefer to hold back and be patient than selling it out of panic. well, making a decision at a time like that would only make us disappointed after that.
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