Topic: Are you in panic whenever there is a big drop in price? - page 4. (Read 4566 times)
Its a part of the market but no matter what someone says, everyone feels panic while the market falls down and it is a natural thing whether someone accepted or not but long-term players do not worry much about the daily up and down movement because their target is set and they are ready to hold it for long. I am a mid-term trader now I learned a lesson from the previous bear run sell it when you achieve your target do not be greedy for more profit.
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.
anyone will panic, but there is actually a strategy for dealing with coin dumps. I think it is necessary to have a technique and be able to switch to other tokens / coins when the coins we have are dumped, so I think there is still a need for adjustments to deal with coins
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.
Not by everyone. Although experienced ones will unlikely to feel that but I think there's still a bit of panic on it but they know what's happening and they won't allow themselves to just panic because of that recent drop. You experience several drops and you'll don't have to think of those small drops that seems to be huge for the newbies.and when you do already get some sufficient experience on this market then you would less likely to get easily panic when you do see these kind of events.Big drops?
some do still panic even they are already experienced but not really into that certain extent similar when they are still noob on this place.
Looking these drops as a form of opportunity will really put you on ease and instead of panicking you would rather see this as an opportunity.
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.
Not by everyone. Although experienced ones will unlikely to feel that but I think there's still a bit of panic on it but they know what's happening and they won't allow themselves to just panic because of that recent drop. You experience several drops and you'll don't have to think of those small drops that seems to be huge for the newbies. 
Sincerely? I am waiting a bit for the moment when the bank will end, because I would like to finally buy ETH. So far, I was at the selling stage. It's natural that the price will finally drop ... This happens every 2 years ...
people that are naive in this sector will be shocked by price changing.
I have a couple of friends that are calling on my phone each day just to say "wow what a pump" or "oh my god you're poor after this dump".
Each time they are shocked about my reaction.... since I am always calm and not need panic.
this is why there is so much attention after any "big move". but this is pretty normal for crypto currencies and bitcoin.
Personally I try each time to buy more bitcoin if I see a price drop.
I don't believe you can have such a cold face during a time when the price is strongly reversed, sometimes some fluctuations are in your mindset and you can stay calm, but every move in the market gets bigger and more special over time, a recent example is the price of bitcoin suddenly dropping ten thousand dollars, a candle filled with blood. Surprise and panic is not what I expected but put you in the situation where you are someone who is buying at a high price, saying no panic is just a lie, our minds are not trained to deal with such problems I have a couple of friends that are calling on my phone each day just to say "wow what a pump" or "oh my god you're poor after this dump".
Each time they are shocked about my reaction.... since I am always calm and not need panic.
this is why there is so much attention after any "big move". but this is pretty normal for crypto currencies and bitcoin.
Personally I try each time to buy more bitcoin if I see a price drop.
All investors and holders of altcoins experience panic it is inevitable especially if the price of your hold altcoins dips too much but we need to be brave even I I can't help but panic on hold if altcoins become strong just hold and trust so you don't panic to sell your altcoins if it has potential and longterm you don't have to worry.
If I doubt my observations and conclusions, then I tend to trust the research of reputable analytical companies that constantly make certain predictions in the cryptocurrency market. Even in their opinion, the bull run in the cryptocurrency market in 2021 will be longer than what is according to the current indicators. In my opinion, the cryptocurrency market in 2021 looks much better than in 2017 and, accordingly, the market performance this year will be much higher and much longer. That is why there is no need to panic for those cryptocurrency users who have made investments for a long period, and those who have invested for a short time should fix their profits at the right moment. 
Yeah but that strategy only effective on some Top Altcoins like Ethereum, TRX or even Bitcoin but for some new Coin Or Token we should need to be more careful when there is some huge price movement, It can be good but also can be a bad sign and basically most of them was a bad sign, Rug Pull, Scam Team, Hacked, etc. Well, always DYOR!
No amount of DYOR can really prevent a rug pull,,, unless you know how to read code and can certify for yourself the audits mean the code is safe and cannot be drained from pools.
The problem is even the best like Certik audit and then later the projects scam.
So EITHER codes still have holes. Or projects lie about the code being on github etc.
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.Yeah, that three keys you mention is very effective way to gain a huge amount of profit but their are some factors to be consider. One factor is the capacity of your own financial stability as you can easily hold your maximum patience due to you strong financial income as you didn't mind whatever happen the investment you put in crypto currency community. Lastly, is the time you have as you can set aside your priorities for the huge amount investment. Well, its still depends on your own point of view and techniques.
If you have deeper sources of finances then your capacity to take the long hold is very possible.
That's the privileges where big investors get a huge edge from small players, they can continue their business without worrying
if what's happening with their assets, they can just live normal and forget their trade for a while, and simply coming back once they've
notice that the market is normalize and bouncing in their favor.
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.Yeah, that three keys you mention is very effective way to gain a huge amount of profit but their are some factors to be consider. One factor is the capacity of your own financial stability as you can easily hold your maximum patience due to you strong financial income as you didn't mind whatever happen the investment you put in crypto currency community. Lastly, is the time you have as you can set aside your priorities for the huge amount investment. Well, its still depends on your own point of view and techniques.
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.
When I was new to cryptocurrencies, I panic sell also when I see the coin I have is dumping hard and I guess this happened to newbies out there also. But as time passed, when I get the hang of crypto market and saw my coin that dumped hard then make a comeback of new ath that is where I learned to have diamond hands. I learned to be emotionless to my holdings, I promised to myself that I won't sell at loss again and take profit when it is bull season.
people that are naive in this sector will be shocked by price changing.
I have a couple of friends that are calling on my phone each day just to say "wow what a pump" or "oh my god you're poor after this dump".
Each time they are shocked about my reaction.... since I am always calm and not need panic.
this is why there is so much attention after any "big move". but this is pretty normal for crypto currencies and bitcoin.
Personally I try each time to buy more bitcoin if I see a price drop.
Well, I think it depends on the situation and conditions. when someone is so dependent on bitcoin and cryptocurrency, the dump will make them panic, and many of these people will sell their assets. however, on the other hand, there will be people who take advantage of that moment to add to their assets. well, I thought, I also only sell assets that I own when the price is high. However, I also see the decline in prices as an opportunity not something that encourages panic. I have a couple of friends that are calling on my phone each day just to say "wow what a pump" or "oh my god you're poor after this dump".
Each time they are shocked about my reaction.... since I am always calm and not need panic.
this is why there is so much attention after any "big move". but this is pretty normal for crypto currencies and bitcoin.
Personally I try each time to buy more bitcoin if I see a price drop.
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.
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
There was a time in my early days in crypto when every drop, even minor one, got me panicked but now after spending years involving with crypto, I don't get panic at all. Particularly now that big institutional buyers and business houses have started getting into crypto, I have become more confident and look price fall as an opportunity to buy more.
There are so many good crypto coins that are in their infant stage and how I wish I could buy all of them.
Some times I am in panic when price drops but this is harmful for sometime because price takes reverse and losses recover.For long term holding we should not be in panic but yes in short term or in future trading we should be very careful.
Actually it is a natural thing to happen because every human being will experience panic if the number of assets suddenly decreases in the market due to the effect of falling prices, but for some people who like to trade in the long term, the decline in the market will always be used to increase the number of tokens he likes through multiple purchases. 
people that are naive in this sector will be shocked by price changing.
I have a couple of friends that are calling on my phone each day just to say "wow what a pump" or "oh my god you're poor after this dump".
Each time they are shocked about my reaction.... since I am always calm and not need panic.
this is why there is so much attention after any "big move". but this is pretty normal for crypto currencies and bitcoin.
Personally I try each time to buy more bitcoin if I see a price drop.
I have a couple of friends that are calling on my phone each day just to say "wow what a pump" or "oh my god you're poor after this dump".
Each time they are shocked about my reaction.... since I am always calm and not need panic.
this is why there is so much attention after any "big move". but this is pretty normal for crypto currencies and bitcoin.
Personally I try each time to buy more bitcoin if I see a price drop.
When there is a big drop in a coin, it is not comfortable for any of us, although it is normal in cryptocurrency. In such a condition I get nervous. I check the market again and again to see when the price goes up a little. The price of some coin goes up again after dropping. So we must be patient.
Drops in coin prices are likely to happen as they are in any other asset class that is being actively traded. In my opinion trading happens in cycles, boom and busts are just part of the game. We humans are herd animals who like to follow others. That is also why if some large investors start panic selling that others are going to follow. I just accept this and try not be scared to much when prices are falling. Its better to avoid selling at the wrong prices.
Emotion can really affect our trading decision and that is why trading psychology should always consider whenever we are holding a coin. There is a recent drop in price and I actually one of the people who panic and it is the reason why I sold all of my coins. I regretted what I did but what happened give me a lesson that I can use in the future events. I know that I'm still a weak hand trader but I will do my best for me to overcome my current challenges. Panicking is not normal because exprienced trader will never panicked especially if they already know what they are doing. I think the best thing to do for those who still panicking is to do more backtesting to have more faith in your current trading system in order to develop courage that you can use to become successful in your trading journey.
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