Topic: Decision in panic! (Read 5988 times)
The best decision in panic it not to panic. Panic only worsens a condition of cryptocurrency. We need positive moods.
When the market makes unexpected moves (crashes) people start panicking and selling or buying coins without analyzing what is happening. This is a common behavior all of us went through at a certain stage of our crypto journey.
I only made informed decisions, but even so, I was wrong. The cryptocurrency market is unpredictable and that is why I think that many people who panicked at the time of the fall and withdraw their money thus they did not aggravate the situation.
Decision making while you are in panic mode is very wrong because on that situation it always result bad. In crypto you must learned everything, think many times before you make actions. You can earn more in crypto if you have knowledge on it and patient is important.
Many people regret many of their actions in cryptography, and especially when they are burned on the market, some of them panic and sell their coins, but many are waiting for the market to grow, and I think it will grow
I think all new comers to trading should be done their first traders with panic decision. Panic control our emotional and it tend us to always get wrong decision. I think for avoiding this situation their should be more experience.
extensive experience greatly helped us in dealing with all market situations. Apart from sufficient experience, knowledge is also very necessary so that every investor and bounty hunter must have both. don't rush into investing on a large scale if your emotions are still out of control. it's better to continue to add experience and knowledge first. 
Actually I haven't do that but I am really too patient to sell my coins. In last year, I had a lot of coin for gain money but I didn't anyone while prices were decreaisng immedietly. Now, I am still waiting for increaing of coins.
it is pretty normal to panic when the prices are down and in the panic conditions i think you can not right decisions it is not only for crypto but in daily life.
Never make a choice in times of panic, at least let a more stable emotional state take a decision, panic will only make a foolish decision and not rule out the possibility that making a choice in times of panic can bring regret in the future.
This is, of course, good advice. But unfortunately we are all human and we panic, someone is more, someone is less, especially when market prices are falling rapidly.
How many times have I told myself not to panic when you see a red candle on the chart, but nothing comes out.
Many times I participated in panic conditions on the crypto exchanges, when the Altcoins flew 100-300% in a few hours. It is not known when to join the purchase, and when to sell. In such a rush - my advice - do not wait for big money and sell coins when you earn 5-7%. Then wait for the fall, but if the coin price does not fall, then do not buy it again.
In any case, such a strategy should be followed when the market is in good condition and all cryptocurrencies fluctuate in price quite naturally. But today, I would not advise selling anything, because it is equivalent to giving the coins for free.
I think all new comers to trading should be done their first traders with panic decision. Panic control our emotional and it tend us to always get wrong decision. I think for avoiding this situation their should be more experience.
Many times I participated in panic conditions on the crypto exchanges, when the Altcoins flew 100-300% in a few hours. It is not known when to join the purchase, and when to sell. In such a rush - my advice - do not wait for big money and sell coins when you earn 5-7%. Then wait for the fall, but if the coin price does not fall, then do not buy it again.
I of course had a lot of unsuccessful transactions, ranging from bitcoin when I sold 5000 and he then went up and I bought then 16000, that's the biggest mistake
When the market is dropping and there is no sign of recovery, it certainly makes many investors panic, I also experience this and choose to sell a portion of it too much, of course this is not panic but looking at the market realistically wisely.
Never make a choice in times of panic, at least let a more stable emotional state take a decision, panic will only make a foolish decision and not rule out the possibility that making a choice in times of panic can bring regret in the future.
Well since you did not specify, Ill tell my story about how I panicked when I forgot my password in my wallet and the price of the coin I was about to sell is having a bull run.
Have you ever take wrong decision when you were panic. share your experience
Many people have surely experienced being torn into either selling or to risk and hold. We cannot really blame those people who have done such thing as selling due to panic because no one wants to lose for more and some people do not prefer gambling with their luck. So as such, selling is their way to cut down the loss.
My experience says that decisions in a panic are almost always wrong. I understand that in a panic it is very difficult to work, but you need to try to keep a cool head in order to achieve success in trading.
Have you ever take wrong decision when you were panic. share your experience
You should not decide if your in panic state but sometimes we just realize after it's done. In crypto you should increase your level of knowledge to not in panic when a bad news comes. Remember that it's unpredictable and you should always have a backup plan. Jump to: