People panic due to lack of knowledge about the technology of cryptocurrency. They panic when the market crashes and easily sell their investments. This usually happen with a newbie.
that is true, i can relate to this, i was just like that on the first time trading, not just the first time i was panicking even when a token i had was down just 5%, but i learned that i should keep calm and hodl when i believe a coin i bought i good enough to get me profit, we all know crypto always has its ups and downs. 
Topic: Don't panic - page 12. (Read 12314 times)
Yes. Some traders panic when they see a dump market. But others because of needs that must be met. Because we have been in crypto investing for a long time, and have seen how the crypto price moves process, so panic is no longer the main reason for us. But we also need to be aware of this, because it also results in loss of assets.
You should choose the top coins to invest because new coins will cause you to lose assets due to scam or lose trading volume, investing in new coins cannot control panic because if valid evidence is found that the project is a scam then the coin price will drop drastically. Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.
Yes. Some traders panic when they see a dump market. But others because of needs that must be met. Because we have been in crypto investing for a long time, and have seen how the crypto price moves process, so panic is no longer the main reason for us. But we also need to be aware of this, because it also results in loss of assets.
Actually, only those who got in and are new to the market are the ones that don't have a plan. But the experienced ones, we've got plan and we know how to execute it.
Yes, that's right.. those who are entering for the first time do not have a proper plan that they can use as a guide in trading. Unfortunately they only invest without knowing the quality of the coins they buy, lack of information and learning to analyze makes it easy for someone to panic when the price drops because they are inexperienced. I also used to feel that way when I was new...it's just a matter of time, experience and keep trying.And worse is that when they see the coin plummeting, they're likely to panic sell no matter what they planned for because they're being attacked by panicking.
Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.
Yes, you are right, it is forbidden to work in the crypto market or any other market without strategy and buy on emotions. Everybody should make up his own strategy according to his tolerance for risk. And then to do research, of course. We always should investigate documents, social media, community, team members not to come across a scam and find something really worthy.
it's true that panic often makes we lose money in crypto, sometimes I personally can't control my panic if I see the coins we have go up and feel quite satisfied with the results i sell and when they are released the price goes up and up, panic its not good so it must be relaxed in seeing the market.
but to be honest, sometimes we are saved by panic feeling in the short-term investments we make.seeing the market in a pump we become panicked to sell our assets. but for a moment the price suddenly dropped. it gives us a more relieved feeling than having to think selfishly with the assets we have.
but it's true- feeling of panic is highly discouraged as those who trade and invest in the crypto market frantically definitely don't make decisions based on planning and analysis.
Those who are involved with cryptocurrency should not panic but control the nerve. Many times the market is corrected or the market is bullish, such a situation has to be decided in a cold head. Otherwise we will face economic loss. So it is very important to control our emotions.
Even before getting into the world of cryptocurrency they should know that the cryptocurrency market is very volatile,so it's not easy to predict when it's time to go up and down,
and indeed we also have to control ourselves so that when the market goes down we don't panic and can make the right decisions
it's true that panic often makes we lose money in crypto, sometimes I personally can't control my panic if I see the coins we have go up and feel quite satisfied with the results i sell and when they are released the price goes up and up, panic its not good so it must be relaxed in seeing the market.
I think it's normal when we see the market in a down condition we will panic,
but don't let the panic overwhelm us because it will have a bad impact,
what must be done for beginners is to continue to learn that way when conditions like this can at least make the right decisions
I agree with you mate, to feel panic whenever we see the market in down condition is normal especially when you're not ready to sell your token and you're patiently waiting for a price to become much higher than you are expecting but also at this kind of incidents you will learn a lesson. Risk management is so important for an investor and trader and also to learn how to manage or control your emotion is a must. It is normal to feel it but how would you control will lead you to a right decision.
I think it's normal when we see the market in a down condition we will panic,
but don't let the panic overwhelm us because it will have a bad impact,
what must be done for beginners is to continue to learn that way when conditions like this can at least make the right decisions
I agree with you mate, to feel panic whenever we see the market in down condition is normal especially when you're not ready to sell your token and you're patiently waiting for a price to become much higher than you are expecting but also at this kind of incidents you will learn a lesson. Risk management is so important for an investor and trader and also to learn how to manage or control your emotion is a must. It is normal to feel it but how would you control will lead you to a right decision.
That is really true that mostly of newbies crypto enthusiasts getting panic everytime they see that the market is dipping so we always suggest to stay calm and hodl firmly.
I think it's normal when we see the market in a down condition we will panic,but don't let the panic overwhelm us because it will have a bad impact,
what must be done for beginners is to continue to learn that way when conditions like this can at least make the right decisions
People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
And as they panic, they result in one thing and that's into panic selling and don't mind the loss that they've done. It's also because that they're inexperienced and that's why we see them panic.Only if things don't go according to plan. Most people don't have any plans for crypto at all.
Actually, only those who got in and are new to the market are the ones that don't have a plan. But the experienced ones, we've got plan and we know how to execute it.
That is really true that mostly of newbies crypto enthusiasts getting panic everytime they see that the market is dipping so we always suggest to stay calm and hodl firmly.
A lot of good advice to hold for newcomers knowledge about the market sells everything in panic for having less and later in the loss if the price goes up. Therefore even if the market sinks there is nothing to be disappointed about the market will rise. People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
And as they panic, they result in one thing and that's into panic selling and don't mind the loss that they've done. It's also because that they're inexperienced and that's why we see them panic.Only if things don't go according to plan. Most people don't have any plans for crypto at all.
Actually, only those who got in and are new to the market are the ones that don't have a plan. But the experienced ones, we've got plan and we know how to execute it. People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
Only if things don't go according to plan. Most people don't have any plans for crypto at all.
People panic for not knowing what to do because of lack of knowledge. If you're a kind of investor who fill your mind first with knowledge about what you're getting into then it can be prevented. However we are just human who commit mistakes, thus its normal but there's a way to not become someone who often panic if things didnt happen according to planned. It can help if we prepare ourselves for unexpected scenarios plus having plan and strategy, this way we know what to do and panicking wont be the solution.Only if things don't go according to plan. Most people don't have any plans for crypto at all.
Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.
Actually you and I don't know what the small or big profit for an investor is. Investors will decide it after the investment. We are all greedy or want to earn a good profit. Those profits must not be more than the average market history. Recently I made the wrong decisions. I didn't wait to pump "YOUC". I sold all of the tokens for a low trading volume and I didn't set up my mind. People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
Only if things don't go according to plan. Most people don't have any plans for crypto at all.
People panic for not knowing what to do because of lack of knowledge. If you're a kind of investor who fill your mind first with knowledge about what you're getting into then it can be prevented. However we are just human who commit mistakes, thus its normal but there's a way to not become someone who often panic if things didnt happen according to planned. It can help if we prepare ourselves for unexpected scenarios plus having plan and strategy, this way we know what to do and panicking wont be the solution. Only if things don't go according to plan. Most people don't have any plans for crypto at all.
Some people panic for several reasons and one of them is because of the drop in Bitcoin price. When the price of Bitcoin drops, the price of altcoins is also affected and this makes many people panic selling even though they are aware that they are losing. But if we are planning to invest long term, then we will realize that price movements are very volatile
People panic for one reason - when they don't know what to do. Imagine you have a disaster plan, will you panic? No.
Only if things don't go according to plan. Most people don't have any plans for crypto at all.
They panic because they don't have enough knowledge about crypto so they wouldn't know how to deal with the market and that's actually normal for newbies. To be honest, all of us have committed mistakes in the beginning but it's just how we learn from it that's important. We couldn't be pros in the beginning but we could learn how to handle our emotions as we cope up with the changes in the market.
It's normal for some beginners but sometimes this can affect everything and from them it can be just a habit when there is a market change, surely this panic can lead to misguided and in the end just follow the hype that has been discarded, so I think panic is not just someone beginners who don't know the basics but others will also have an impact because they like to forget the same changes before.The important thing is how to deal with staying calm in these changing market conditions, this is only a transition at the beginning but at the end you can see what happens about the dump, you can judge later.
They panic because they don't have enough knowledge about crypto so they wouldn't know how to deal with the market and that's actually normal for newbies. To be honest, all of us have committed mistakes in the beginning but it's just how we learn from it that's important. We couldn't be pros in the beginning but we could learn how to handle our emotions as we cope up with the changes in the market.
We should learn first to determine whether these is for short or long term investment. We will only need to panic when we know that the projects have no future at all since some projects are good in the long run while others are just it that moment. It's okay to panic at first, but later on we will know whether how long we can take the risk of investing and will be able to built a plan suit in our capabilities.Identifying what types of assets we are holding is the best thing to do, you'll be ale set your goals if you know what kind of strategy to use.
Many traders and investors forget about doing their research and while they are into their investment they can't manage if the project dumped down.
It can be avoided if you have the right mindset regarding to your investment, easy to decide if you know whether if it's good for short or good for long.
I fully doubt they are "forgetting" to do their research
Conducting research can be cumbersome and I would rather say that many investors and traders don't put enough effort into it before making decisions. What is enough research? That is actually not that easy to tell if you think about it. You can do research forever. I think enough is when you believe you see an edge over the majority of market participants. Jump to: