Control your trading emotional outburst and get yourself together! - page 5.

Zilon

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Bitcoindata.science

Quote from: so98nn on April 23, 2021, 11:30:41 PM

Hey community, I am writing this stuff just to make everybody calm and get their stuff together!

I am very shocked after seeing the forum full of stress in terms of Trading the bitcoin or other altcoins. When the crypto went down by 25% or more (some alts 50%+) everyone seems to be in pain and are confused right now.

No chat graph goes just in one direction. While we expect bullish trends we should also expect bearish trends because price of commodities are been affected by diverse factors mostly news irrespective of it's contents be it good or bad.

To limit panic whenever you experience a depreciation in price a proper understanding of supply and demand should be studied. As an investor you should take advantage of any situation and make good profit out of it not just getting worried over price drop which might result in wrong decisions.

Yatsan

legendary

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Leading Crypto Sports Betting & Casino Platform

Mixing your emotions while you are up into doing trading will probably make things mess up for you are not into focus of what you supposed to do making you unable to think of ways possible to strategize the actions you will do that will suit the current situation you were up to because panic and fear are residing within you that makes your emotions pumps up mixing how you are dealing with the trading pressure you have on hand. Remain calm and assess the situation because panic will not help you out in the situation for it will just make things worst for you. Compose yourself on trading and do not let your focus loose upon you.

TheGreatPython

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Activity: 2450

Merit: 329

Quote from: so98nn on April 23, 2021, 11:30:41 PM

For these valid reasons we must not be feared of the current situation and just enjoy the dips that we are getting. If you are capable of invetsing more money then this is the time you should do.

I read about other possible reasons for recent dump of bitcoin markets but you are mentioning about only one. How this current market dump is a common one, I'm seeing the panic among investors is also a common one because for some reason market is having some correction which is usually triggering panic among traders and investors that again will result in more correction; this is what exactly happened and no one could do anything about that. Because, I am seeing people are always emphasizing about making use of dips in bitcoin markets but I'm not seeing that is actually happening.

Wexnident

hero member

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I don't take loans, ask for sig if I ever do.

Hey that's part of trading I suppose. I myself didn't actually realize that the price went down by quite a lot these past few days since I've been ignoring it when it started going down just so that I'd stop panicking and whatnot. Peeked at it today and I was like, hmm okay. Glad I set up some stop loss before I stopped looking though. Dips should be considered an opportunity instead of a loss. Take it like this, you lost money due to the dip? Hey at least you're gonna earn more because of it no? And if it goes back, you'd recoup the losses you made early on, win-win. Just, don't get too optimistic, that ruins your life, same with being too pessimistic.

xSkylarx

hero member

Activity: 2352

Merit: 593

That is why we should learn about proper risk management. Some traders went all-in and got liquidated from the previous rally because they think cryptos will continue to increase until May because of alt season. They didn't realized that a correction will happen anytime because of that continuous rally. This is a lesson to learn for those who are new to cryptocurrencies, set your stop loss and don't over leverage when you trade in futures. For spot don't go all-in when buying the dips because no one knows where would be the bottom. Right now is a good time to buy especially altcoins because some of them are -50% from their previous ATH. If whales are done accumulating then a rally again will happen soon.

Willitivity

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Quote from: Kittygalore on April 24, 2021, 12:42:41 AM

Can't blame them fully but they have a part for their failure, they panicked and I believed that every price drop is a test of faith that bitcoin has to filter out the real investors that deserve the big profit. I believe what @so98nn says, it is a opportunity to buy some bitcoin since the prices are lower.

It's just unfortunate how a lot of traders on and off the forum are so eager for cheap prices that they can buy only to get scared to place buy orders or open long positions when an opportunity to get altcoins at cheap prices presents itself. The thing I found out is that you won't make money in a fast moving market like this crypto market if dip opportunities like this are allowed to go by. Even Bitcoin touched 47K but it has quickly recovered like 8% and headed back to 50K. This is temporary. Next move is 70k.

Yamifoud

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Quote from: SirLancelot on April 24, 2021, 12:18:48 PM

^^ My question is why would people still invest too much to the extent that they get so worried with the slightest shake in the market? Is it that those people are not aware of the fact that what they are buying is a volatile asset, and they are just investing in it? That’s very risky.

They'll never think about the risk during their entry but instead, they usually think that Bitcoin will continue to grow as what they heard and give them the profit. The ignorance makes them suffer big losses and then says Bitcoin is a scam.

Quote

Anyway, it is not like it is a life sentence, the market goes down all the time and still climbs back up, it is all with time and it gets on going again. This morning I have already noticed that bitcoin has moved from $49,000 to $50,000 again, I am not sure if it’s going to last at that price, but let’s keep watching and see where it lands by the end of today and whether we are going to move above that.

We are still riding like a roller coaster, it dumps today but it is possible that it pumps by tomorrow. But in some other way also that it continue to drop due to people are in panic selling and they are pushing to dump until they're all done.

pawanjain

hero member

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Nothing lasts forever

Quote from: so98nn on April 23, 2021, 11:30:41 PM

STOP PANIC:

For these valid reasons we must not be feared of the current situation and just enjoy the dips that we are getting. If you are capable of invetsing more money then this is the time you should do.

OPPORTUNITY

I recall all those people who used to create the threads " I wish the price of BTC was lower than this", " I wish the price will drop soon so that I can buy more".

Now this is your turn where you should invest your money. If it raises one more time then please don't create the chaotic threads regarding the cheap BTC prices opportunity. You have it, you should grab it..

True

Stop the Panic

In fact we must be happy for the discount sale going on for bitcoin and other cryptocurrencies.
Let's go shopping and buy some nice cryptocurrencies listed at a discounted price. I would be buying some Ether and Solana in this dip.
I wish they could a little more low to get in at a good price. These coins have good potential and I believe they will definitely go 5x times very soon.

For those who bought at the ATH. Don't worry. It's just a matter of time when bitcoin recovers the price it will set up straight to another ATH and you will be reaping profits.

stomachgrowls

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Activity: 2828

Merit: 767

Quote from: so98nn on April 23, 2021, 11:30:41 PM

STOP PANIC:

Easy to say but actually the hardest thing that you could able to resist where even veterans or old traders or investors do still able to feel these things out
even if they do have the experience and been here on this market for years.We are just humans and emotion is just really a factor that cant really be
removed out easily.You do know that you had invested money and its just normal that we would really feel out some sort of panic inside.

Quote from: so98nn on April 23, 2021, 11:30:41 PM

OPPORTUNITY

If you are an investor then you would really be thinking up on this way.You do see these drops as an opportunity for you to buy more and able to enter
on cheaper prices.

Its up to your own stash if you had already prepared or anticipating for such drop and able to get in since you are financially capable or you
been expecting for this to happen.

herurist

sr. member

Activity: 1680

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Always remember that the holders will be the winners, those who panic and sell think the price will continue to fall, it is an emotional one that must be trained not to be easily contaminated by problems related to the crypto market crash.
in fact we are used to seeing price drops, because that is the natural pattern of crypto price volatility, it's just that there are still a lot of thoughts that need to be straightened out around the problem of falling prices.

and today the price has started to recover again, thank you for your advice so that we traders remain calm. I really appreciate your thoughts.

SirLancelot

hero member

Activity: 2478

Merit: 582

^^ My question is why would people still invest too much to the extent that they get so worried with the slightest shake in the market? Is it that those people are not aware of the fact that what they are buying is a volatile asset, and they are just investing in it? That’s very risky.

Anyway, it is not like it is a life sentence, the market goes down all the time and still climbs back up, it is all with time and it gets on going again. This morning I have already noticed that bitcoin has moved from $49,000 to $50,000 again, I am not sure if it’s going to last at that price, but let’s keep watching and see where it lands by the end of today and whether we are going to move above that.

Husires

legendary

Activity: 1582

Merit: 1284

I am happy with such declines because it is an indication that the season of gains is still in its infancy and we may see levels higher than $ 70,000 in the medium term.

The same thing happened in the year 2017 when the price returned to the level of 3000 dollars when it was at the level of 6000 dollars.
Corrections below 50% are healthy and useful for confirming levels of psychological barriers.

you should control your emotions or you will add more losses to your account.

RondoAnyar

full member

Activity: 651

Merit: 101

$CYBERCASH METAVERSE

sometimes being a trader you have to experience difficult situations like now that you feel this way. when the market is down you get a loss, but as you wrote, when it is down you can get a bigger chance of making a big profit by buying at a low price. so I think this is a golden opportunity for you to return your profit

MrcMrc

member

Activity: 518

Merit: 45

Am not a passive trader, by the way. But the recent drop in the price of Bitcoin and altcoins was not a planned event but a market reality. This correction is expected because the price can not keep moving in one direction after every price increase there must be a correction point. Some will lose while others will gain that is trading.

gabbie2010

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Undeads.com - P2E Runner Game

Experienced traders who knows their onions always makes profits irrespective of the state of the crypto market whether bullish or bearish there are signals for longing or shorting, I believed investing in cryptocurrencies can be profitable as well as leads to massive losses, however a lot of newbies believe that the prices of cryptocurrencies will continue to be bullish and makes mistakes of buying at the peak or ATH any pullback or correction often result to losses.

death69

hero member

Activity: 1202

Merit: 545

When the markets reach new ATH, the boiling heart always promptly remind us to buy buy and buy. So instead of being patient and wait for a good price, we tend to blindly invest in a crypto which is overvalue. And when there is a sudden drop, people do not want to have a huge loss, their emotion once again remind them to sell everything at a very low price

Buy low and sell high. do not panic.

Thanks OP for the reminders. We need more reminders like this to notice people not to be too careless when the markets are sizzling

Distinctin

hero member

Activity: 2772

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No dream is too big and no dreamer is too small

In the first place, trading is totally stressful. Yeah, you can't just think that this job gives you an easy life because it was different in real life. Panic selling, being in FOMO, common things to happens.

And for those who can't afford to manage themselves out from this, it mentally affects their minds and could bother them too much. And that is why they could hardly control their emotions and mostly push them to make any stupid and bad decisions. It is a worse case to happen and yeah, we can't simply ignore that.

Lordhermes

sr. member

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This is not the first time we are experiencing some dip in Bitcoin price, moreover, I'm sure in the future something awful must surely happen to reduce down crypto prices again, we are just living in a world where something is not stable, who knew covid19 pandemic could cause price dip to $3k

As you have said, this is the opportunity for traders to acquire more bitcoin and other cryptocurrencies into their portfolio. Every complain about not buying dip will be unanswered.

Hannahanto

full member

Activity: 826

Merit: 111

I left trading for a while, I just resumed and bought coin at ath instead of buying at dip, last week the market was going smoothly with my thinking that the price of trx will continue to pump I bought and within 24hrs on Sunday it dumped, I've been regretting all through... So what I did now was to leave the coin till whenever it decides to increase in value then I sell. I wasn't affected a lot because it wasn't my last money.

Dilerium90

full member

Activity: 756

Merit: 108

I have been in crypto market for 4 years as a trader and I have some experience of losses, earnings and a developed system. I can say, that it is impossible to get away from emotions completely. But you can achieve a comfortable value at which you will sleep peacefully - this is % from your risk. If you put a small risk in 1 trade, you always have the right to make a mistake. In the long run, you will win.

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