Topic: Are you in panic whenever there is a big drop in price? - page 7. (Read 4566 times)
I have learned in my 5 years of crypto life to not panic. And to not succumb to FUD or FOMO. Its a newbie trap that never ends well. Price drops, I take a chill pill and look for stuff to buy
Panic is an incorrect definition of the feelings that a person experiences seeing as his plans and hopes have collapsed. It's more of anger and frustration. We may not always be able to control this, but we can take steps not to experience all this negativity. Learn to think and make the right decisions, not following the desire to get rich sooner.
Well, if something like this has already happened and you see that expectations have not been met, you should not panic. The crypto market does not tolerate the weak, and sends them to the very bottom, this applies to both projects and traders.
Well, if something like this has already happened and you see that expectations have not been met, you should not panic. The crypto market does not tolerate the weak, and sends them to the very bottom, this applies to both projects and traders.
Those who feel excessive panic seem to only be felt by many beginners who are trading so that they make their assets lose, but for traders who have not felt panic for a long time even though the percentage of price drops is getting bigger. avoid panic and excessive anxiety in trading
Actually panic in trading occurs when there is talk from other parties which is not important to hear because it will not give us any benefit, this is more about the influence of interaction between fellow traders in the environment, so that their panic can also be carried away to our own.
no i havent check the price that day but i only found that the price drop after a few days because i was not online that time but my reaction was not shocked or anything that is negative but it were normal .
it was the top coins in the market that come down first before the non top coins but im in control of the situation when that happens ,
thats why theres no need for me to panic but im also a kind of trader that is chill .
it was the top coins in the market that come down first before the non top coins but im in control of the situation when that happens ,
thats why theres no need for me to panic but im also a kind of trader that is chill .
Smart investors never panic whenever market falls, they fill their portfolios with cheap coins. While amateur investors start panic and sell in loss. Never panic and start selling your coins whenever market takes a dip, just HODL.
Those who feel excessive panic seem to only be felt by many beginners who are trading so that they make their assets lose, but for traders who have not felt panic for a long time even though the percentage of price drops is getting bigger. avoid panic and excessive anxiety in trading
For the price decline that is happening to Bitcoin now, I consider it normal, indeed part of the volatile Bitcoin price. Especially if we analyze several
times Bitcoin tries to fall below $ 45k, but always fails and comes back up again. This proves the Bitcoin support price at $ 45k is quite strong,
and if we can be more patient for holding Bitcoin. So our patience will pay off when Bitcoin can come back up to a price of $ 58k again.
So don't panic when the market is down like now, because panic will only make us wrong in making decisions.
times Bitcoin tries to fall below $ 45k, but always fails and comes back up again. This proves the Bitcoin support price at $ 45k is quite strong,
and if we can be more patient for holding Bitcoin. So our patience will pay off when Bitcoin can come back up to a price of $ 58k again.
So don't panic when the market is down like now, because panic will only make us wrong in making decisions.
I am a long term Investor of BTC and never get upset with price slide or correction because I firmly believe that BTC is a digital and store of value and history has proved it again and again that it always bounces back and makes new highs.
The market consist of so many ups and downs, we can't always expect the price to keep going up forever, there will always be a price correction to keep the market in check, also a real holder won't panic dump no matter the decline in terms of price, I believe they are alot of long term holders out there who won't sell even when the price of the coins they are holding hit new all time highs, panic dump when price reduces only shows that you are a weak hand, anyway I'm not much of a trader becuz i hodl alot.
In my case, I have this mindset that if you will not sell your hodling, you will not gonna lost any amount in you fund even if you see that the market price has a big drop. I always keep my mind composed and calm because I know that crypto market is very volatile and unstable so you need not to let you emotions win and just keep it hodl until you reach your desire target value.
When i started trading few years back, i used to be in panic when i saw bitcoin and altcoin fall below my purchase price. I could not sleep for nights and remained in tensions. However as i got experienced i understood that getting panic on every dip will make you lose your money by selling in loss. Now i do not panic because i know that the dump will be followed by the pump.
For the price decline that is happening to Bitcoin now, I consider it normal, indeed part of the volatile Bitcoin price. Especially if we analyze several
times Bitcoin tries to fall below $ 45k, but always fails and comes back up again. This proves the Bitcoin support price at $ 45k is quite strong,
and if we can be more patient for holding Bitcoin. So our patience will pay off when Bitcoin can come back up to a price of $ 58k again.
So don't panic when the market is down like now, because panic will only make us wrong in making decisions.
times Bitcoin tries to fall below $ 45k, but always fails and comes back up again. This proves the Bitcoin support price at $ 45k is quite strong,
and if we can be more patient for holding Bitcoin. So our patience will pay off when Bitcoin can come back up to a price of $ 58k again.
So don't panic when the market is down like now, because panic will only make us wrong in making decisions.
IF IN DOUBT ZOOM OUT 
Let me quickly share one of my experience when it comes to this same issue. I used to help some people with crypto Investment sometimes ago, before I decided that I was going to sell off their coins and return their money back to them. I have to help them installed some apps to monitor the current price of their coins. And each time there was a major big drop, I get series of calls from them asking me why the sudden change in price as if I was the one controlling crypto market. Though I knew things were going to end that way. I was prepared for each of there questions each time they asked me. This major big drop we can't do without it, it will keep happening but if you can hold for a long time. Things are going to be back 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
panic is one of the causes of losses experienced by many people because in fact traders do not panic easily when the market is experiencing a significant price decline because the ups and downs of prices are a natural thing to happen in the market. so when the price drops dramatically it is better for us to hold back until the price rises again. and not taking steps to sell the assets we have.
When price dump it is very bad headache to me. Specially when i bought coin at high price and all my investment on altcoin and no usdt to buy at dip zone. This happen 2 time to me and i lost 400$ almost. I think at Dip time waiting is necessary. Price will pumpbback but after some time.
As cliché as it may sound, losing money due to investment is a natural thing. When the price of my altcoins are suddenly drops, i try to take a deep breath. Taking a break from trading activities by doing other things that you like can be quite effective remedies. If you have excess deposits, this is an opportunity for you to buy as prices are falling.
i'm not panic, i'm just kinda worried what will happen next, or should i make another move to buy another altcoins or not.
A fall in crypto prices doesn't mean your world is doomed. The hike can happen at any time and you can't just wait.
Make a new plan. Do some research on what cryptos have gaps and allocate your funds wisely.
i'm not panic, i'm just kinda worried what will happen next, or should i make another move to buy another altcoins or not.
A fall in crypto prices doesn't mean your world is doomed. The hike can happen at any time and you can't just wait.
Make a new plan. Do some research on what cryptos have gaps and allocate your funds wisely.
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 don't, because if the price dump hard, then we panic, i think we can't control our emotions mate
wich mean we will try to sell our assets as soon as possible, and sometimes the dump is only a corrections to go more high
I have been in this crypto world from early 2014 and i dont wont to lie to you, every time the price drop it is still makes me panic, even though i have been 6 years here and felt 2014 - 2015 drop then 2018- 2020 drop. It is not easy to hold the coin for long term, thats why only few people has strong hand to hold and will be appreciated with the mooning price.
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'm not of course, Why should I? in fact, there is no reason for me to get panic whether the market drop rapidly.
It is because, as long as you know how to trade properly and have the skills for sure you can get earn in the end. I had been
doing this thing for a couple of years now, believe me or not.
Always use SL to trade, remember if we panic we will only waste money in the market. better learn technical analysis patterns to be able to control emotions or greed in trading. Regarding panic when prices fall, we should install SL in the area under support because often when the reversal is people people panic and sell at low prices. you will never get the maximum benefit from it. I used to panic when there was a decline. but now it is more relaxed
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'm not of course, Why should I? in fact, there is no reason for me to get panic whether the market drop rapidly.
It is because, as long as you know how to trade properly and have the skills for sure you can get earn in the end. I had been
doing this thing for a couple of years now, believe me or not.
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