Don't panic! - page 13. | Bitcointalksearch.org

Genovese

full member

Activity: 284

Merit: 112

Quote from: balrog on February 02, 2018, 05:32:53 PM

It's easy to advice not panic if your risk is zero , or just in your acceptable range . But if you loosing a lot , that's another sad story . Of course you will be afraid loosing your money , but just keep your head clear . Think , analyze what can you do in this situation . If you have any insider information - use it for trading , if not - damn , you always can fix your losses , as well as hodl till the end . But , in my opinion selling now is exactly what the "whales' whant , so you'd better be patient , I hope market will stabilize soon

Panic is called panic exactly because you cannot control, and it is proportional to what you are at risk of losing compared to what you can afford to lose. This being said, you have to avoid to put yourself in the conditions where you would have no choice but panic.

krisnajsadrak

sr. member

Activity: 1092

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Hodlers Network

Quote from: Cnut237 on February 02, 2018, 04:27:24 AM

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!

a lot of people said this is a corrections not a trend change
and i hope you are right about this,,
anyway your calculations about average entry price is good, because people will think about buy more not to sell in panic
nice suggestions mate Wink

balrog

member

Activity: 448

Merit: 37

It's easy to advice not panic if your risk is zero , or just in your acceptable range . But if you loosing a lot , that's another sad story . Of course you will be afraid loosing your money , but just keep your head clear . Think , analyze what can you do in this situation . If you have any insider information - use it for trading , if not - damn , you always can fix your losses , as well as hodl till the end . But , in my opinion selling now is exactly what the "whales' whant , so you'd better be patient , I hope market will stabilize soon

John Langut

full member

Activity: 168

Merit: 100

What if the panic is justified and people are trying to squeeze out of the door? You thought banks would roll over and let them be surpassed by amateurs? Especially ICOs are at risk, because do you know how hard and expensive going public is for a stock market company is? That's because there is a lot of paperwork and money to grease the wheels involved. No way the banks, regulators and stock exchanges are going to let ICOs indefinitely cut that red tape and bypass rules and 'grease'.

rurubot

member

Activity: 171

Merit: 10

There is no assurance in investment. In order to have a bigger chance of success, you must put your trust in it. But if you are feeling anxious due to the dropping of values and still wanted to buy more coins, invest only portion of your money that you can afford to lose. And the best thing to do is not to panic sell.

litecoinricky

jr. member

Activity: 171

Merit: 3

I need a break!

Quote from: zoloq33 on February 02, 2018, 05:23:18 PM

No panic I agree but there are surely many alts that won't ever recover for this big dip. There were lots oh alts who were heavily pumped without a good reason. Those are the ones that took the hardest hits and I guess it's game over for most of them.

Sad but true, I think there will be many coins failing due to the massive pumps Sad

zoloq33

newbie

Activity: 44

Merit: 0

No panic I agree but there are surely many alts that won't ever recover for this big dip. There were lots oh alts who were heavily pumped without a good reason. Those are the ones that took the hardest hits and I guess it's game over for most of them.

dunfida

legendary

Activity: 3122

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Quote from: Cnut237 on February 02, 2018, 04:27:24 AM

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!

This is one of the way on changing your average entry price but would really be hard to convinced yourself on investing even more because of the panic that price dips do gave into you. If you are trading on swings then this would be applicable but you should really be a risk taker since price movements wont really be a guarantee that it would goes on what you did expect.

jhonjhon

full member

Activity: 1316

Merit: 126

Exactly I do, because I believe this huge dip it won't get any longer but it also take times for crypto to recover totally. Is just a way of patiently waiting, I know my self I'll be worthy of waiting. Yes exactly a good idea to take advantage of buying coins for it is absolutely cheap right now and some people are keep on selling their coin.

boyjackyou

member

Activity: 301

Merit: 11

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

Quote from: Cnut237 on February 02, 2018, 04:27:24 AM

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!

You are indeed right these people who bought bitcoin from december will definitely doing panic selling,but i couldnt disagree they should be buying more because the price of bitcoin is too cheap to its usual price.Maybe most of the people are scared but some like me is very happy with the situation because we will make money in just few months,always buy at the dip and sell it on the peaks.

qweenbeey89

newbie

Activity: 84

Merit: 0

Agree. I am buying in more now because I also believe it will go high in the year

natasha-lev

newbie

Activity: 210

Merit: 0

Quote from: Cnut237 on February 02, 2018, 04:27:24 AM

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!

I tried to keep silence during this crash period, but can't do it anymore. Which news do create this panic selling?
I have very stable alts and I make changes very rare cause I don't like jumping from projects until they create something valuable. I understand that this crash is temporary and after it we will have very high growth. But I really don't understand the reasons behind such fall? Huh

ZloiRediska

member

Activity: 672

Merit: 22

Even if people listen to the wise advice of experienced investors and trailers and will be able to resist panic and not sell their coins. still there are enough people, now who sell everything for nothing, and then buy again, but more expensive several times ...

coinholic

full member

Activity: 518

Merit: 101

Quote from: Cnut237 on February 02, 2018, 04:27:24 AM

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!

Good one. A panic spree will not help in any way. Many of us see those reds as a bloody warfare where everything is in chaos! This only means that these people are those who engaged into trading without full knowledge of the possibilities. They were not prepared! And when things like this happens, they go on whining, frowning, and drowning themselves in their own mistakes. They should come to their senses and understand that a dip is a necessary part of the trading system. Nothing continuously goes on an uptrend without dropping a bit. This is normal and is nothing to be worried about.

vincentong17

member

Activity: 266

Merit: 17

Quote from: Viscera on February 02, 2018, 04:43:45 PM

It's like investing in technology and we must think long term goal. Some people you know! they are panicking just because of fud news. but we need to work for ourself our emotion, We should be holding more coins just like taking care or valuing a precious gold.

We don't have the same mind or perspective but we should be iron balls here. Don't do day trading but instead hold your coins and make more bitcoin. HOLD is very powerful in Cryptos always remember that.

makuny

hero member

Activity: 896

Merit: 505

Only where sell cheap, there has panic.
But it is a hard time.
Many people has no idea what should be do

ovcijisir

sr. member

Activity: 1491

Merit: 320

🐪

When you enter cryptocurrency market you must do research and invest in promising coin. Then hold and let it grow. Avoid FUD as much as possible to avoid panic sell.

Viscera

sr. member

Activity: 660

Merit: 250

It's like investing in technology and we must think long term goal. Some people you know! they are panicking just because of fud news. but we need to work for ourself our emotion, We should be holding more coins just like taking care or valuing a precious gold.

CoinboyBebop

member

Activity: 238

Merit: 10

Always remember: If you sell now you will have lose. Some whales with a lot of money will buy your coins. Those whales are patience, so they can hold their coins easily a year or more, because they plane for long terms. If you are selling now, you just help those whales to get richer. Dont be a weak hand! Stay strong and HODL.

Akitot

newbie

Activity: 109

Merit: 0

Let some people panic for the drop price of BTC and other coins, let them sell what's on their wallet, it is also an opportunity for some calm buyers to gain or to hold some BTC point in their hand. We are calm, since price may drop but advertising and marketing is still obvious going, may we see better opportunities to strike in!

Topic: Don't panic! - page 13. (Read 2249 times)