Topic: Don't panic - page 14. (Read 12286 times)
Yes panic is a fatal thing and can cause losses. It is undeniable that today's crypto market makes many people including myself have to rack their brains in order to stay afloat. I looked at the market and there is no bright spot there, I hope it happens soon. Yes it will happen but for now it will probably take quite a while. The crypto market like this makes a lot of people panic, but we also have to deal with it calmly. Make a mature decision and have a completely calm mind. Don't let our decisions make us lose. All teach us to be patient and endure this ups and downs of the crypto market.
It's true and a lot of people have experienced that, I've had it too. Where I panicked when I saw the market continued to fall, then I sold my assets and got a big loss. Since then I have been more careful in managing assets because it will be very influential. We have to stay alert but don't panic too much, just follow the flow and be more careful in making decisions. That is why caution and experience are very important so that we can learn from the experience. No teacher is smarter than experience itself. So don't despair and stay aware of the crypto market.
beginners will tend to panic more easily because they don't really know what they choose, more likely to follow what other people are doing, if we have friends who are just starting to get to know the crypto world, we have to educate them so they don't panic easily and get confused. in the future they are able to determine what they choose for themselves.
If we have friends whom we suggested to get involved in cryptocurrency trading, then we must make sure that they actually understand what it is and how it works. No matter how much you convince someone that the marker will not die but if they learn about it themselves and then trade, it will be much better and productive than just assuring them without any reasoning.More the knowledge - lesser the panic and more the confidence, hence we must understand that knowledge of the market, the coins we are buying and the futuristic value is more important than just having patience. Someone who has too much patience may end up holding a shit coin for too long and regret it.
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.
Bagholding alts in a bear market is a terrible idea. Better to just park it in btc or back into fiat until the drops stop for a long time. Especially with alts bag holding in the past has led to coins just disappearing on the charts and leaving you with some useless coins and another wallet to delete.
But you also have to consider taxes. It is possible that you trigger taxation when you switch from an alt coin back to Bitcoin and then back again. It's not a simple decision depending on the circumstances. I think there are a few alt coins that are also safe to hold during a Bitcoin crash, but really not many. ICO tokens and so on almost never recover after a crash.
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.
Bagholding alts in a bear market is a terrible idea. Better to just park it in btc or back into fiat until the drops stop for a long time. Especially with alts bag holding in the past has led to coins just disappearing on the charts and leaving you with some useless coins and another wallet to delete.
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.
the habit of newbies who lose money in crypto is to buy according to other people's words without doing research first...investing in crypto is not an easy thing if you sell and buy at will, then only losses can be obtained, This is the reason why doing an analysis first before buying is recommended.
usually the panic is because there are a lot of newbies in crypto. they clearly can't control well when the price goes down. So please anyone, if you have a friend, a beginner must be educated so that when the price drops, it's not easy to panic
Yes, beginners will tend to panic more easily because they don't really know what they choose, more likely to follow what other people are doing, if we have friends who are just starting to get to know the crypto world, we have to educate them so they don't panic easily and get confused. in the future they are able to determine what they choose for themselves.
It is not only that they don't very well know what coin or token to choose, but it is also about the fact that they haven't developed a feeling for volatility and the patience that is required to weather a storm. That is why they start panicking usually.
If you went through some hard times as most of us did by now, we know that it doesn't go up forever. There will be corrections and these corrections are often harder in the crypto markets than in other markets.
Yes, beginners will tend to panic more easily because they don't really know what they choose, more likely to follow what other people are doing, if we have friends who are just starting to get to know the crypto world, we have to educate them so they don't panic easily and get confused. in the future they are able to determine what they choose for themselves.
The role of people who have been in the crypto world for a long time is very important for beginners, because without the guidance of a professional, they will panic when prices go down, and when there is a slight increase they will rush to sell, it is very unfortunate if the beginner is someone we know.
People are selling in panic because they are not prepared for this if they are new and often they spending money they can't afford to lose. They think about profit and don't considering the fact that price can go down.
I agree with you, because many people think that cryptocurrency can provide a big profit and make them rich quickly, but don't think or know that investing in cryptocurrency has a big risk, so when the market starts to correction, many people will panic and sell cryptocurrency that they have, even though if they hold, then of course the price can increase again (if he invest in a good cryptocurrency), therefore I always recommend to investing in cryptocurrency that are in the top 100 on coinmarketcap (safe and profitable) and never do a panic sell.
This is the main thing in crypto, you must be able to control yourself. you have to be sure, then before investing, and make sure you have to choose a credible coin if it is held for the long term. if you choose cheap but not credible coins, this feeling of panic will always be there and it will definitely be very stressful if you have to hold long-term for coins like that. panic on market will always exist but when choose the right coin even for holding it for long time its feels okay.
I think we all trying to work it out but sometimes we can't afford to control ourselves and it burst. This is the biggest challenge to everyone and I don't claim that 100% I control my emotions all the time. Well, aside from choosing those reliable coins, it was best to make ourselves busy sometimes with other things. It is a sort of diversion, we can easily feel panic when we are focusing on the market alone. Nothing could help us with this thing but just ourselves only.
Panic and greed are the two hindrance to earn profit, instead, it always leads to a lot of losses. In trading always need to control our emotion and always learn the graph and price movement. Don't be greedy.
skills like that don't exist in everyone all of a sudden.all of them require sufficient process and experience. new, it will be difficult to cope. some even think crypto is a scam and fraud.
it's because they join without a good lesson.
I agree, because if we panic, we can't control things properly. at least before buying coins there are considerations that have been prepared regarding the losses or gains that will be obtained. when the market goes down in this mental situation is being tested to remain patient and not panic. when the market goes up and has reached the target then sell the coin, don't be greedy by continuing to add targets, because the market can fall back at any time
I wouldn't start trying to short the market, at least not until you've practiced extensively on a dummy exchange. And got really good at it.
Personally, I would just continue to buy via DCA and hodl. Crypto investment is a long term game. In a few years time, the difference between $60k and $30k will be hilariously insignificant.
Personally, I would just continue to buy via DCA and hodl. Crypto investment is a long term game. In a few years time, the difference between $60k and $30k will be hilariously insignificant.
Panic and greed are the two hindrance to earn profit, instead, it always leads to a lot of losses. In trading always need to control our emotion and always learn the graph and price movement. Don't be greedy.
One of the main factors is self-control and stress resistance in the trading process , because the author correctly says that panic will not lead to anything good, but will only make it worse, and the one with good patience gets everything.
Panic and lack of patience and research is making people lose their money. If you can't handle your crypto going down in 50% then you shouldn't buy it 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.
Pretty good advice for a beginner in the market. The level of panic will be reduced if it is based on good knowledge. Good knowledge should start with buying coins that can be controlled in price like stable coins. When you are a beginner and immediately buy in large quantities, panic will arise and you will not be under control. 
most people panic because they can't control their emotions and end up with a cut loss, it always happens because they panic too much, everything should be resolved because patience, of course, waiting for the market recovery is necessary when bitcoin experiences sideways momentum, it is very necessary to wait for the market to be more stable because too panic can be fatal will lose a lot of money later trading in cryptocurrency must be patient and able to wait for the right moment to buy and sell it.
Because they didn’t understand the cryptocurrency, they started to invest, nor did they analyze the currency trend. If you are a novice, you can learn to invest in long-term coins. When you are familiar with the rules and regulations of the crypto market, invest in some altcoins, but Before investing in altcoins, you must understand the basic team and technology of the coin. Don't invest on your own intuition. If the investment fails, learn to learn from experience, don't panic, and have the courage to take risks.
I saw news that a crypto enthusiast sold his house to invest in cryptocurrency. Seeing this news, I feel crazy. Fortunately, he chose the right one. The money he makes can not only buy another house, but also 5 houses and 6 houses. I can not do it. Taking into account various factors, I will only invest my spare money in the crypto market, so I am not too worried about facing some negative market news.
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