Topic: Are you in panic whenever there is a big drop in price? - page 12. (Read 4550 times)
I am now more able to hold back. because after studying technical it becomes a natural thing. but before I panicked quickly when there was a dump and that was what made me lose a lot of money and also couldn't get maximum profit. now I am more careful to be able to keep my emotions when trading.
In seeing the current situation and trend in the market wherein the prices of all the cryptos is dipping doesn't bother and dont make me panic because of the fact that we are still in the bullish momentum and cryptos are being so popular and getting a lot of attractions to many big investors which made me confident enough that I will still be getting a very good profit and earning.
The current decline is because of bitcoin being so volatile and altcoins being bruised on the market because of the movement of bitcoin. But almost more than a week bitcoin is sideways in those prices, even falling at a low of just $33k, near to it during the week. It's good momentum for altcoins and a lot of altcoins pumps at the moment. Let’s take advantage of the current market situation to trade. Now the market is still in a bullish state.
It's not all of the people understood about it dude. So many newcomers will be feeling panic when the price of bitcoin gets plunged so hard. This is about the mentality. The people with good mentality will always take the bearish momentum as the best time to get into the market and then out when it was recovering back again. The market is still bullish but sometimes the bearish trend was also coming too.
The current decline is because of bitcoin being so volatile and altcoins being bruised on the market because of the movement of bitcoin. But almost more than a week bitcoin is sideways in those prices, even falling at a low of just $33k, near to it during the week. It's good momentum for altcoins and a lot of altcoins pumps at the moment. Let’s take advantage of the current market situation to trade. Now the market is still in a bullish state.
I'm never worried about btc because I know that it will recover any moment and the recovery will be quicker than the drop. One big drop that got me was Xrp, I never expected that it will show such a huge loss in its value. I always trusted Xrp because it is a coin backed by very well established banks, and yet we saw what happened with it. 
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 accept it as a market movement, because I'm used to the state of cryptocurrency market like that (the price suddenly dump and my portfolio decreases), so I will not panic sell and still hold, because I believe the price will definitely increase again, so I just need to be patient until the price increase (although sometimes it takes a long time) and of course I will buy more if the price goes down, because that is my chance to get a lot of profit.
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 do get panic sometimes especially if i have just purchased a coin and then the next day price drops hard but thanks to spot crypto trading it is not that kind of panic which we get during margin or leveraged trading and that is why i like only 1:1 spot trading.
It depends on what coins I hold.
If it's bitcoin, I know it just have to be patient and the price will go back up again no matter what.
If it's an altcoin, then I am more worried about the recovery.
If it's bitcoin, I know it just have to be patient and the price will go back up again no matter what.
If it's an altcoin, then I am more worried about the recovery.
Users may claim otherwise, but it is human tendency to wait for better and larger profits. So very few of us are likely to sell our coins, when the prices are moving up. Only the most disciplined investors, who strictly keep their targets form an exception to this rule. And in most cases, when we face financial crunch the exchange rates will be quite low. So we will be forced to sell our coins at a loss in that situation.
That's true we are all human even if we invest what we can afford to lose, we will feel worried because all the investment we are hoping to make a profit, whether we admit it or not, we always have a tendency to be worried even if we try not to, it's still money.
I am certain that everybody does feel anxious and gets worried somehow whenever there is a huge price drop.
I personally had an experience of making impulsive decisions, which I now regret, out of panic when I was just new here.
But today, I have learnt my lessons and saw these instances as opportunities. I am more calm and thus I can think and decide properly.
I personally had an experience of making impulsive decisions, which I now regret, out of panic when I was just new here.
But today, I have learnt my lessons and saw these instances as opportunities. I am more calm and thus I can think and decide properly.
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 have been in this business for more than three years now and nothing can be compared to the drop that we all witnessed in 2018. Bitcoin volatility is not new and in the past such drops would have created panic selling in the market but now days it does not happen.
Unless I get some urgency irl and need money price affects otherwise I buy 'good' coins and forget.
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
Whenever since I begun here in cryptocurrency, I never get panic when the big drop in price happen.
If that happen, I am only wishing that I have a lot of budget to buy Bitcoin or other altcoins in the market so that
I have a huge assets to hold in the long term. Just like that!
You said it very rightly that you never make a good and prudent decision when you are in panic. Volatility is a part of Trading and it is not only confined to Crypto Market, it is everywhere including property, commodity and forex markets. In fact it is an opportunity for Traders to make entry at lower price and book good profit when market goes in uptrend. The best strategy is to make Entry and Exit decision when you get signals from Technical Indicators. It is very useful Tool that all Traders should learn to use.
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
Whenever since I begun here in cryptocurrency, I never get panic when the big drop in price happen.
If that happen, I am only wishing that I have a lot of budget to buy Bitcoin or other altcoins in the market so that
I have a huge assets to hold in the long term. Just like that!
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
This drop is expected. It's called price correction and it's a normal market mechanism. It's healthy and helps stabilizes price and builds support to push higher from a TA angle. I expect price will go down more (though, sentimentally, I want it to revert at this point). Anyone who frets at this point is a weak hand and shouldn't have any business being in a volatile industry like the crypto industry. A momentary crash like this affords investors an opportunity to buy more of the tokens they desire. It's not a time to panic if one knew what one wanted. Just go in and buy more. After all, 2021 is more of a bull year than bear. 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
For newbies and newly traders, there is a big chance that they will experience a panic scenario but for seasoned investors this kind of happenings is an opportunity for them. Every drop is a new way to profit again especially if we know that the market will still recover again.
Corrections are very normal to crypto market and newbies should be aware of it if they don't like to experience any panic mode. An 18.8% drop is very small compare to the percentage that were being increased to the top currencies out there.
Long time ago I panicked very much when the cryptocurrency market was losing billions of dollars in a matter of minutes or hours, but gradually I realized that this is all manipulation by big players and there is nothing to be done here, and therefore you just need to get used to these actions and you must carefully observe all movements of the cryptocurrency market.
Panic is only for newbie if you are an investors in crypto for almost 8 years and if you saw a big dropping of the price maybe you will not get panic, beause to those who experience crypto in a couple of years for them those dropping of price is not a problem in fact it is a chance invest, big chances of earning a huge amount of profit is during a lowering or dropping of the price, so if you invest in crypto you need to have faith on it and wait for the right time buy low sell when its high.
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
A little bit panic but panic is still a panic however I still manage to get my self together and make a good decision whether to get out or not, I'm not really a professional trader and just still learning.
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
No need to panic, it is good for the market as no financial asset can move up in a straight line so it is very normal the important thing is that the overall momentum remains bullish and market should continue making higher highs and higher lows.Jump to: