when I was new to crypto investing and then the price went down maybe I would panic, but when I have held it for a long time and then the price goes down I won't panic because I can already experience something like that,
I'm sure I will definitely come back because it's ATH 2021 time
Topic: Are you in panic whenever there is a big drop in price? - page 11. (Read 4566 times)
Well, the truth is that am not in any form if panic and this is because I don't hold any coin or token at the moment, I've sold everything waiting for another deep before I buy in again.
But to be sincere, I did be in panic if I held any coin and it drops 18.8 percent in just 24 hours, but I guess this is one of the reasons am not a good trader, I choose to invest and also I try to avoid checking the market regularly cus it's another way of getting a high blood pressure most especially when the Market is in decline mood.
Panic is a normal feeling that someone who cares about our money, our investment. Of course, we don't want to lose and we are hoping always that after we buy coins it moves high. But it is very unfortunate that we are not in control of the market flow, it all comes into the dumping and pumping scheme. But to be sincere, I did be in panic if I held any coin and it drops 18.8 percent in just 24 hours, but I guess this is one of the reasons am not a good trader, I choose to invest and also I try to avoid checking the market regularly cus it's another way of getting a high blood pressure most especially when the Market is in decline mood.
But, if we are in the trust to the coin that we invest in, it seems that we are still strong to control such feelings and can manage to keep our minds in a positive. In this way, we are far from being a panic seller.
Of course,, I panic every time the price goes down is huge. But, I'm not going to sell it. I'll hold on until the price goes back up.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Well, the truth is that am not in any form if panic and this is because I don't hold any coin or token at the moment, I've sold everything waiting for another deep before I buy in again.
But to be sincere, I did be in panic if I held any coin and it drops 18.8 percent in just 24 hours, but I guess this is one of the reasons am not a good trader, I choose to invest and also I try to avoid checking the market regularly cus it's another way of getting a high blood pressure most especially when the Market is in decline mood.
But to be sincere, I did be in panic if I held any coin and it drops 18.8 percent in just 24 hours, but I guess this is one of the reasons am not a good trader, I choose to invest and also I try to avoid checking the market regularly cus it's another way of getting a high blood pressure most especially when the Market is in decline mood.
For now, Not really the market is still pretty good. Unless a bubble popping will happen again like years ago. That will make me crazy. This kind of drops is still in control and it goes up in no time again but a bubble pop will be taking years again.
It's just like a common thing for the crypto traders. The 4 year bubble will always be popping out and then burst. We have been starting to see that the bubble will burst. As long as the drop will not go below 30k rate and it may be stable for a while but im sure when it can break 30k support and it can be dumped easily to the 25k range,
that will create a lot of panic sell.
No, I don't because i always try to be updated with every move of the market, recently the bitcoin was going up & up and a correction of 25-30% was expected so i was already on alert, if you are aware about what's going on in the market you will not panic at all....
For now, Not really the market is still pretty good. Unless a bubble popping will happen again like years ago. That will make me crazy. This kind of drops is still in control and it goes up in no time again but a bubble pop will be taking years again.
Here you just need to understand a few simple and easy things.
Without falling there can be no growth, just as without growth there can be no decline. This is a common process, like our life, for example, this is the "life" of coins, like any financial instrument, at some time it grows, at some time it falls, and this is absolutely normal.
Especially if we look at the chart of the coin, how much they have grown recently, after such a large increase, of course, there should be a correction, this is called a correction after a large increase, not a fall.
If you look at the long term, after all such falls, the coins still grew and surpassed their record levels. Therefore,
I think, at such a time, you only need to buy additional assets into your crypto portfolio.
Without falling there can be no growth, just as without growth there can be no decline. This is a common process, like our life, for example, this is the "life" of coins, like any financial instrument, at some time it grows, at some time it falls, and this is absolutely normal.
Especially if we look at the chart of the coin, how much they have grown recently, after such a large increase, of course, there should be a correction, this is called a correction after a large increase, not a fall.
If you look at the long term, after all such falls, the coins still grew and surpassed their record levels. Therefore,
I think, at such a time, you only need to buy additional assets into your crypto portfolio.
May be a bit? I used to panic a lot when a big drop happens on one of my bags but then I've probably matured by time then I realized that dumps are needed to have pumps.
Panicking only makes things worse, if there is a big drop in the price, you have options to actually buy and at the same time hold whatever you have right now because when the pump arrives, that's the actual time to get profit, there's no sense in panicking because there's always room for profit and for opportunities to take advantage of the market.
Panic only kick in when you invest in new altcoins that aren't that strong or when you join pump and dump train like some crazy ass crypto investors out there, yeah I have seen some guys willingly looking for pump and dump projects to join through telegram groups, if you invest in best altcoins there is no need for panic
The drop in prices the crypto market is experiencing has certainly been a very painful blow to the holder, and naturally they panic because the risk of the loss is in a sight. However, there are traders who understand market movements and welcome these conditions, because they know this is a good time to make a big investment.
So, whatever the market conditions we must remain optimistic, Moreover, we have been here for years and really understand the current market conditions. Hopefully the correction will only be temporary, after that the market will get better again.
So, whatever the market conditions we must remain optimistic, Moreover, we have been here for years and really understand the current market conditions. Hopefully the correction will only be temporary, after that the market will get better again.
I'm not afraid because I always look at crypto trading using TA. so if there is a sudden drop but haven't touched the support or resistance point, it won't make me panic. unless there's really big news, like yesterday's XRP. It was way beyond my plans, and it took me by surprise. Such decline is common to me, because every time there is a high increase there will be a time for correction.
When the market is red or there is a big drop in prices with the coins we hold, there is no denying that panic and emotions will inevitably arise and will inevitably stick to us due to losses.
and regardless of the panic that occurs, it will be taken lightly even become a normal thing and will return to calm and will not do anything wrong because of the experience that makes everything will be fine.
and regardless of the panic that occurs, it will be taken lightly even become a normal thing and will return to calm and will not do anything wrong because of the experience that makes everything will be fine.
It is a natural reponse to panic whenever there is a sudden huge drop but you should not lose yourself whenever such things occurs. Whenever I encounter one, I assess the situation first before worrying. I analyze it carefully if there would still be a chance that the price will recover. If ever there's no chance, I would accept it cause there's no other choice. I'll take it as a lesson and start investing again on another coin. That's how it usually works with me, as one journey end, another starts fresh and I always make sure to give everything I have on it.
panic is okay, but selling assets because of panic is something to be avoided. So far, I also have the feeling of wanting to sell immediately when I see a dump, or regret not selling at a high price. however, I am prioritizing my goals in holding coins more. Low prices are not the goal, so we need to calm down and try to take advantage of the situation if something like that happens. 
The price reductions that have occurred in recent days are still normal, so there's no need to panic. Because I believe the crypto market will recover,
we should see this price drop as an opportunity to buy more top coins. Perhaps a newbie who is new to investing in crypto will panic seeing the price
drop. But for those who are experienced investing in the crypto world, they definitely don't think this price decline is something to worry about.
Because the price decline that occurs in the crypto market is something that must be accepted.
we should see this price drop as an opportunity to buy more top coins. Perhaps a newbie who is new to investing in crypto will panic seeing the price
drop. But for those who are experienced investing in the crypto world, they definitely don't think this price decline is something to worry about.
Because the price decline that occurs in the crypto market is something that must be accepted.
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
Surely altcoin trading could be a game of your emotion, looking at your portfolio seeing that it is all red is just so stressful especially when your new in the market, most of the newbies will just sell their holding if it is not doing well.
But if you already have experience in the market we all know the this is the nature of cryptocurrency and circularion in the market, eventually market could easily recover after that dump.
Personally when im trading, when the market is all red what i see is just opportunity to invest and make a profit in that token, if i just have a big funds i will invest to all of the dump token.
It is a natural reponse to panic whenever there is a sudden huge drop but you should not lose yourself whenever such things occurs. Whenever I encounter one, I assess the situation first before worrying. I analyze it carefully if there would still be a chance that the price will recover. If ever there's no chance, I would accept it cause there's no other choice. I'll take it as a lesson and start investing again on another coin. That's how it usually works with me, as one journey end, another starts fresh and I always make sure to give everything I have on it.
Panic is the enemy of any business. You just need to understand that there are many factors that affect the cryptocurrency market. Unlike securities, stock markets, currency exchanges, cryptocurrencies are very volatile. It is almost impossible to predict the behavior of this or that coin. But even if something went wrong, you need to stay calm, everything is cyclical.
It is a natural reponse to panic whenever there is a sudden huge drop but you should not lose yourself whenever such things occurs. Whenever I encounter one, I assess the situation first before worrying. I analyze it carefully if there would still be a chance that the price will recover. If ever there's no chance, I would accept it cause there's no other choice. I'll take it as a lesson and start investing again on another coin. That's how it usually works with me, as one journey end, another starts fresh and I always make sure to give everything I have on it.
I invest in projects that are certainly will recover, this way in don't have to be in any panic mode, even if there is dump there is assurance of recovery, for example projects like NEO and EOS, to make money out of new altcoins I always stick to binance launchpads and once trading starts I remove my gains and buy better coins like BTC
Jump to: