Topic: Are you in panic whenever there is a big drop in price? - page 15. (Read 4566 times)
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I am not panic if a big drop happens to bitcoin or altcoin, but maybe a bit nervous because that moment will be unpredictable for me. Usually, we are panic because we are not ready for anything that can happen to the market. In that time, we can do fast selling for the coin that we have because we think that the coin price will drop too far. Sometimes, the big drop is a flash dump that always happens in the market, so we need to be prepared for the worst situations.
Honestly i was scared even though i knew it would happen, but this can be seen too many times you encounter it. From strong price corrections we will have a lot of people who will be kicked out by this market because they cannot bear the price drop too much for them, i personally see that we will always see this even in the future hybrids because it is the times that create opportunities for newcomers and eliminate the fearful people in this market.
Almost investor will be panic when getting price drop but if you have more experience with cryptocurrency keep holding during price was down, I think this the way how make many people should waiting few moment later to get good price for selling, after darkness always have lightness and not worry when price dump you still have chance to get back good price. Keep holding what ever your assets during have lower price and never looks panic faced with bad moment. 
Honestly i was scared even though i knew it would happen, but this can be seen too many times you encounter it. From strong price corrections we will have a lot of people who will be kicked out by this market because they cannot bear the price drop too much for them, i personally see that we will always see this even in the future hybrids because it is the times that create opportunities for newcomers and eliminate the fearful people in this market.
I will never panic when the drop was happening consider i have secured some of my portfolios into the USDT form to anticipate the drop that happened like yesterday. It looks like this is not just only a correction but the market start to test the key support in 30k range. This time it's bouncing back again but it doesn't mean there will be no other dump. I have speculated that another dump is about to come very soon. The small bump normally happened before another dump.
I've learned a lot from what happened in 2017, so now the price of Bitcoin and altcoins has fallen quite a bit. I can still be calm and not panic,
because I am optimistic that the crypto market will recover soon. What must be done in conditions like now is to buy more coins that we think
are good, because now is a pretty good time to enter the market. Where almost all coins prices have decreased in price. So the conclusion is
now the opportunity we can buy coins at low prices.
because I am optimistic that the crypto market will recover soon. What must be done in conditions like now is to buy more coins that we think
are good, because now is a pretty good time to enter the market. Where almost all coins prices have decreased in price. So the conclusion is
now the opportunity we can buy coins at low prices.
The market dropped very hard yesterday and obviously most of us are in panic by the big drop but today market recovers little and stable. The day before yesterday we all were happy by watching the coins grow but yesterday shocked by the market moves. I would say a correction is the part of the market and I am not a regular I do trade seldom.
ill panic sell my alt coins in a heart beat. lol sell low and buy high. but ill sell back to btc..
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
yes whenever there's price drop i always at panic but that was just my first expression afterwards I always realize that's how the market works.
well this current drop might be a good opportunity to enter the market or earn from the ups and downs.
First it is normal to panic as humans we are but what matter is how we control it. Also, during this drop in price, some group of people will hardly panic, and these are the people who are already holders whether they bought at a high price or at a lower price, doesn't actually matter to them, because they know they are in for long term while the other group will always panic, these are short term holders and whether they bought at the top or not, they will panic because they don't want to be in loss. Actually, I see it as a kind of market correction and even at that, this is also the reason why it is very important to invest wisely, and not because someone asks you to or just because you want to make more gains; define the type of investor you are, if it's a short term investors/holder, once you are in profit sell because had it been the price kept dropping, it is these short term investors that will be the first to lament while forgetting price correction will always happen.
Let me put it this way,,, if we can all enjoy multiple consecutive days of 10 or even 20% rise for our coins,,, I think we should all be prepared to experience the same the other way around.
Til today I remember Charlie Lee (Litecoin founder) saying that if we are all ready to enjoy crypto going up 100%, we should also be ready to experience 90% drops.
Til today I remember Charlie Lee (Litecoin founder) saying that if we are all ready to enjoy crypto going up 100%, we should also be ready to experience 90% drops.
Of course most of us will be in panic but if you were exposed to cryptocurrency long enough you will know that this kind of things is just normal and should happen. Anytime soon this correction will be done and will continue to goes up, let's just be patient.
+1 to the above.Newcomers and users who have invested only last year, prolly due to halving or as the price crossed the previous ath of 20k will surely panic and could even panic sell all their stash, but imo, long term holders and users who have walked through/experienced many rise and falls in the history of Bitcoin would get the point that this is only a normal correction and prolly even the start of the Bull run we're to experience in 2021.
I introduced/helped my friend buy Btc and eth mid last year, he was really in panic as the price started to drop two days ago, I was greeted by so many calls from him, I of course explained to him not to panic, but I guess he couldn't handle the pressure as he sold off all his coins, but having said that, anyone who can't hold on, should sell, there is no need putting yourself under pressure, just sell and take your ROI.
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
Of course most of us will be in panic but if you were exposed to cryptocurrency long enough you will know that this kind of things is just normal and should happen. Anytime soon this correction will be done and will continue to goes up, let's just be patient.
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, I never panic. at the moment the market is just being corrected, and I believe this is not the end of the rally. so there's nothing to worry about. after all, it is normal if when the price rises high there will be a temporary decrease. there's no way the people who buy when it's cheap don't sell it. So this is probably the time when people start securing their profits. and when viewed using TA, the market is currently in an overbought situation. so if the price stops rising or falling for a moment it is understandable.
Panic is natural reaction in any problem in life. But here, I believe there is no need to panic. This is the reality of cryptoworld. But as we can see, there is always an improvement, there will be a correction. Cryptocurrency is the future and I consider myself lucky to be part of this and we should go with the flows. In our life, there is always ups and downs, we either gain or lose, who knows. What is important is we learn as we trade.
For some people it may be panic, especially for those who buy at a height of $38k-40k. But if for those who have already bought below it like at $20, $19,
I think it should quickly determine their selling target to take advantage and buy at the bottom price again. But even if some people are already buying
at peak prices, because it has already dropped, it is better to hold their bitcoins, because bitcoin will fix them again. This decrease is natural, because
some people who buy below want to take advantage.
I think it should quickly determine their selling target to take advantage and buy at the bottom price again. But even if some people are already buying
at peak prices, because it has already dropped, it is better to hold their bitcoins, because bitcoin will fix them again. This decrease is natural, because
some people who buy below want to take advantage.
~ 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 consider that this is very normal, especially after the continuous increase. So there's no need to panic. I am not a hodler, tend to day traders and immediately exit the market when the safe limit that I have set has been broken.For those who want quick profits, coming to the crypto market because of fomo, panic buy, so buying at the top, will definitely panic. that's the importance of understanding the basics of investing and trading, so that we don't panic easily.
Emotions are a part of human beings, so it is quite natural to accept the wrong decisions under different psychological conditions. The biggest mistake is to be stubborn and not accepting the loss, panic trade will only bring more losses. The big holes on the statement of trading account will be bigger and the balance will be burst on the next emotional trading decision. Panic trading decisions can lead to more losses and more losses will cause more panic, from my trading experience.
People who have invested their savings are likely to panic, these people have invested what they cannot afford to lose or their investment comes from a loan, this is how the market play, people should be ready on this, anything can happen even the unexpected, so many people did not expect the all time high to be broken last year but it did.
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
maybe a little bit, but in my opnion this is a part of the market movement and no need to panic
just stay calm, with all our trading plan mate, because the fact we must ready for all situations in this crypto market
Correction to 30k btc seems healthy and altcoins always panic when btc moves. So no i am not in panic. In fact i am quite more optimistic as btc was rising way too early way too fast. I will panic next year very much, depending what the chart correction looks like then.
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