Are you in panic whenever there is a big drop in price? - page 3.

DU18

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Quote from: aioc on January 11, 2021, 11:45:16 AM

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

If we say not to panic at all, of course that's a lie in my opinion, of course there is no one here who doesn't panic when seeing their estimation of their money decrease quite a lot in the market Grin

to be honest as a trader I also often experience panic when indeed the price of the coin that I hold falls and I inevitably have to sell some of the my coins have to anticipate considerable losses and I usually use the money from selling these coins to buy coins others who are indeed moving up so that I can cover the losses that I can cover from the gains of other coins even though my money is not fully returned Cry

Golftech

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Quote from: adekogbe on April 13, 2021, 06:56:01 PM

if you panic everytime that the price of the coin or token you are holding makes a dip then you do not really understand how price moves in the financial markets.

Best to review back the market that you are working with, trading is not for those who can't

wait and don't have enough patience.

Quote from: adekogbe on April 13, 2021, 06:56:01 PM

prices rarely moves straight up, it moves back and forth in the desired direction, some times some price dips are merely just retracements before a bigger push in price.

You need to work with your good knowledge and proper skills to take some good

advantage with the volatile nature of this market.

Quote from: adekogbe on April 13, 2021, 06:56:01 PM

So i dont panic when the price of my holdings drop, as long as i keep myself abreast with the fundamental and technical analysis of these coins.

As long as you understand what business you are in, taking time to chill when correction

is ongoing and be back when bounce comes back and bring you benefits.

Jaered

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I don't think any tough crypto head would be panicked about massive red candles. We have been there, done that. We see opportunities when others see danger

777Jolami

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Quote from: adekogbe on April 13, 2021, 06:56:01 PM

if you panic everytime that the price of the coin or token you are holding makes a dip then you do not really understand how price moves in the financial markets.
prices rarely moves straight up, it moves back and forth in the desired direction, some times some price dips are merely just retracements before a bigger push in price.
So i dont panic when the price of my holdings drop, as long as i keep myself abreast with the fundamental and technical analysis of these coins.

You probably didn't go through 2018. When BTC peaked at ATH ~ $ 21k. Then it burst like a bubble and I watched my friends panic with a very bad symptom. They are extremely confused because they have gone in the wrong direction, they borrow money to keep bitcoin when it is too high. And it slipped off my friends. This year's explosive trend, though, is too special. But that doesn't mean the psychological state is unprepared for other situations. No one wants to lose, right? Cool

max6575

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as uses with the customs of market entrance for different token from developer, trader might have with personal preference on appealing the drawing of chart with the market, that with least of possession on technical evaluation trader might feel of over reacting on contrast with the chance as referring option on use with the trading.

adekogbe

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if you panic everytime that the price of the coin or token you are holding makes a dip then you do not really understand how price moves in the financial markets.
prices rarely moves straight up, it moves back and forth in the desired direction, some times some price dips are merely just retracements before a bigger push in price.
So i dont panic when the price of my holdings drop, as long as i keep myself abreast with the fundamental and technical analysis of these coins.

travwill

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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.

DarkDays

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I think there aren't many people who do not panic when there are gaping drops in the market. It is only natural to worry, specially when your profit is shrinking by minutes. You can't help worry when you know the market has been in the green for so many months.

Where there's ups there will be dumps, and now it is the time to keep check on coin market dominance...

Princeofpoetry

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I have learned from my mistakes when the market drop I always cut loss, after that the price turns back up. so I am not worried when the big price drops, there will be a big up moment. I better hold then wait for the market to recover

bonyaserg

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In this situation, when the market falls in price, I very calmly follow this movement. Since this is not the first time I have been working in the cryptocurrency market. I already have experience that has been accumulated over the years. I always do a very thorough analysis of the market and only then make a deal. You should never panic when making a deal, as you can make a mistake and lose your funds.

Fredomago

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Quote from: carrie_white on April 06, 2021, 10:05:54 AM

panic is a natural thing in an investment especially in the crypto world, but before plunging directly into crypto investing, you must be ready to accept the risks and understand what crypto is, therefore choosing the right coin is the key

Embracing volatility is very important, if you can handle this feature you can take it as advantage. It will help you to earn more when you already have the sets of skills and right emotions.

Most of the time, those who panic as early as the market dumped down are the one who lose a lot, if you have the right mindset and you
are ready to take those changes from the value of your initial investment, the very high chance to bounce without losing any penny but
instead to gain when big jump takeover.

max6575

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yes might be that those to leads with the drawing on chart to gives with less profitable on difference with the buying price of token and investors to wait with longer times to gains back with the customs level of price as preparing order to sell token for exchange with eth/fiat.

carrie_white

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panic is a natural thing in an investment especially in the crypto world, but before plunging directly into crypto investing, you must be ready to accept the risks and understand what crypto is, therefore choosing the right coin is the key

mulia sabee

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Quote from: tarable on March 30, 2021, 08:07:15 AM

Quote from: mulia sabee on March 30, 2021, 05:18:18 AM

yes, that's also part of the market movement. panic attitude is definitely felt by everyone if the price drops after we invest into one coin, I also feel that. but just let it go and can only wait for prices to return to normal.

Only three keys are often used in investing, first is sufficient capital, second is maximum patience, and the third is Time, if those three things are not in a person, then he is not suitable to invest in any coins, so there are no words panic in this case, because the doubters must always step back, while those who have faith will always advance earlier in everything.

Of course, all those responses are very correct and suitable to be used as a basis for investing to achieve large profits. but it is only for those who already have financial capacity and more understanding about Investing. believe it or not, big losses in investing are always obtained by those who are "PANIC" with a very low price drop after he has bought so that he has to give up the asset he is holding, but for those who already have an understanding of investing, such an incident is an opportunity to gain big profit

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Quote from: Spaffin on April 04, 2021, 03:14:40 PM

Most likely, the panic in the cryptocurrency market is raised in order to reduce the price and profitably invest your capital. Many people think that Bitcoin will no longer rise above the level that it has today, but nevertheless, the analysis of the charts suggests the opposite, which is confirmed by many forecasts of experts in the cryptocurrency market, where we are talking about good prospects for the entire 2021.

There is no confirmation in forecasts and experts, they're the same as us who predicts the market until it's being validated and confirmed by the market alone and itself upon reaching those predictions that we're setting.
The panic also lies to everyone who don't have a strong sense of emotion and still weak in feelings upon seeing a huge dump and correction.

Spaffin

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Quote from: bonyaserg on March 31, 2021, 02:00:07 AM

Personally, I am very calm when a cryptocurrency falls in price, as this is the market today, the price falls, tomorrow the price rises. So you need to always be in a calm state and be absolutely indifferent to such changes. If you are very worried, then you can very soon get to the hospital and then you can forget about the market and cryptocurrency. I wish everyone to be healthy and have a clear mind for the development of successful transactions on the stock exchanges.

Most likely, the panic in the cryptocurrency market is raised in order to reduce the price and profitably invest your capital. Many people think that Bitcoin will no longer rise above the level that it has today, but nevertheless, the analysis of the charts suggests the opposite, which is confirmed by many forecasts of experts in the cryptocurrency market, where we are talking about good prospects for the entire 2021.

aryana42

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Quote from: doctor877 on March 30, 2021, 06:43:03 PM

For people who have been in the space for a while, I think it's a usual feeling. I always anticipate that price drop will happen, and also any coin am not planning to hold, I usually take profit anytime am satisfied.

Actually that is much better than having to be greedy in terms of taking profits, because profit is not always the same and will not always exist at different times, so taking profit at any time is a very good thing in my opinion.

galestorm

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Futurov

No, if it's bitcoin your talking about or perhaps ethereum. It is a big opportunity for me when there is a big drop in price because that's the time when i buy even more coins for me to invest in. Honestly i've been eyeing bitcoin and ethereum's price to slightly drop so I can purchase some more. After that, I wait for the next big spike to happen which usually takes 2 to 3 years? Based on my observation.

bonyaserg

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Personally, I am very calm when a cryptocurrency falls in price, as this is the market today, the price falls, tomorrow the price rises. So you need to always be in a calm state and be absolutely indifferent to such changes. If you are very worried, then you can very soon get to the hospital and then you can forget about the market and cryptocurrency. I wish everyone to be healthy and have a clear mind for the development of successful transactions on the stock exchanges.

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Quote from: aioc on January 11, 2021, 11:45:16 AM

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

18% drop in what? Market cap or Bitcoin ?

I'm telling you mate , Panicking will not contribute good in the market and instead you will Only add no value at all.

- If you wanna sell do it On your own and don't ask others to do also with you.

- If you wanna sell,Do it as you please and not just because there is a certain fall that's happening in the market.

But asking me? No i will not sell my coins instead i will buy more as an advantage for holding Knowing how good performing the market since last year.

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