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Topic: Don't panic - page 15. (Read 12276 times)

sr. member
Activity: 1512
Merit: 326
July 21, 2021, 02:29:11 AM
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.
member
Activity: 101
Merit: 10
July 20, 2021, 11:30:07 PM
I think most of them are newbies who have just entered the market. They are just for speculation. They heard some news about encryption and wanted to get rich overnight. This greedy idea made them not consider stop-profit and stop-loss. After they encountered some news or incidents, the market did not go well. They watched their funds slowly decrease, and naturally they couldn't control them. In fact, this is normal in the crypto market. Please be patient and don't repeat mistakes.
member
Activity: 96
Merit: 10
July 20, 2021, 11:21:00 PM
Sometimes they can't control their emotions, just like China's policies are introduced one after another. Most Chinese crypto enthusiasts will choose to sell their tokens. News in their own country will make them more psychologically affected and pressured. Chinese miners also choose to move out of China, so they need to be psychologically prepared for unpredictable situations in the market.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
July 20, 2021, 11:12:48 PM
#99
Yes. Loss of assets often results from panicking when you see the market being dumped.
This is mostly the result of weak hands and inexperienced investors, just as we're having it now with the present dip. Truth is that most people in cryptos don't learn. History repeats itself. We've had this type of scenario before. I don't know why the panic now, even among those who witnessed it the last time.
full member
Activity: 726
Merit: 100
July 20, 2021, 06:51:12 PM
#98
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
member
Activity: 672
Merit: 10
umachit.fund
July 20, 2021, 03:11:05 PM
#97
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.

This is what is called "don't do something if we don't know what we are doing", is acting as if we understand something we are doing, lack of understanding of what we are doing is stupid and we have to get rid of that stupidity in life.

Panic is very close to stupidity, if we are lazy to find out about the coins we invest as a result of losing, the crypto world is very unfriendly to beginners, as a result the decision taken is a loss.

Lack of understanding about coins makes us go the wrong way in investing, should the price of the coins we sell we buy or vice versa, this shows our unpreparedness in analyzing the market, finally when we get out of control we experience panic

Not to mention that now many coins have sprung up, there are even coins that we analyze next month go up but down or vice versa, because we don't understand that extraordinary panic actually occurs, in the end we can't finish what we started, the biggest consequence of panic is loss both big and small.
member
Activity: 1540
Merit: 22
July 20, 2021, 03:08:47 PM
#96
What you say is true but if we look at the current conditions, the dominant is eager to buy at a low price but in other conditions, it is financially constrained because it has already been bought at a high price before the decline, even though we know investing in the crypto world is advised to use cold money and does not conflict with one's day-to-day needs.
copper member
Activity: 1428
Merit: 253
Eloncoin.org - Mars, here we come!
July 20, 2021, 02:48:48 PM
#95
Panic has become a natural thing for traders because they usually don't know the condition of the situation and suddenly a dump occurs which makes a lot of coin prices collapse as happened a few minutes ago, so in my opinion what should be improved is to practice patience won't panic easily even if it's hard to do.
actually, traders should have secured some of their assets in stable assets. or have already exited the trade. those who are still active in trading can secure their money fast. but maybe they are short-term investors who will panic when they see the value of their assets decline. all of them will change their investment strategy in the changing market trend as it is today.
full member
Activity: 592
Merit: 116
Enterapp Pre-Sale Live
July 20, 2021, 02:24:44 PM
#94
Panic has become a natural thing for traders because they usually don't know the condition of the situation and suddenly a dump occurs which makes a lot of coin prices collapse as happened a few minutes ago, so in my opinion what should be improved is to practice patience won't panic easily even if it's hard to do.
full member
Activity: 1064
Merit: 112
July 20, 2021, 02:02:56 PM
#93
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.
yep most reason of losing is because of panicking, and that becomes very common when most of whales use to manipulate the price of the market when it constantly increasing and at the same time weak hands were shaking as well..that's why if you want to invest in Cryptocurrency its highly recommended to choose top 10 project in the market a because when there's a manipulation at least you have a chance to regain losses because you are at the trusted projects unlike unknown projects that seems unpredictable what will gonna happen in the future..
sr. member
Activity: 1246
Merit: 252
July 20, 2021, 01:53:51 PM
#92
Yes. Loss of assets often results from panicking when you see the market being dumped. Moreover, the conditions we see as if the price of coins will never increase. I think if the market conditions are as they are today, we need to make short-term trades to slowly recover the value of the asset.
And trading in the short term won't help everyone much either, because right now the market is still in a bearish state so the fear of losing is still felt by everyone, although panic doesn't have to be maintained, but it sometimes presents itself.
hero member
Activity: 1344
Merit: 565
July 20, 2021, 01:49:46 PM
#91
I also agree that panic sellers mostly lose their money panic sale when they hear any rumor. I always believe DYOR is the best method for earning from crypto and avoid listening rumor, panic sale etc. Patience is the key to make profits here. Whenever i want to invest in a particular coin, i don't believe in sale in small fluctuations.
It is true. no need to panic. simply choose the best asset, buy it, then hold it until it makes a profit.
Don't think too hard about what's being said on social media. as long as our assets are good, we will remain calm with the investments we make.
down no problem, it will come back someday.
I very much believe that people know these things you are saying but somehow even those that invested in Bitcoin and the other top Alts seem not to understand HODl once the market shows some weakness because if investors do, we will not be seeing what is currently going on in the market. I think this is just theory to most investors they don't actually practicalize it.
full member
Activity: 743
Merit: 110
July 19, 2021, 04:16:28 PM
#90
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.

I think someone's panic is normal. Because no one is ready to lose a large amount of assets, let alone become zero. They chose to lose half rather than lose all. But this tends to be done by novice traders. If they are experienced, then they will hold their coins with whatever risk that happens in the future.
jr. member
Activity: 1708
Merit: 3
July 19, 2021, 04:01:08 PM
#89
I have lost lot of funds due to panic when I was very new to crytocurrency back then.The moment I saw one of my coins loosing value  i used to sell it out immediately and some of the coins double or triple their prices after some time.People should avoid panicking to avoid loosing their funds.
member
Activity: 924
Merit: 15
July 19, 2021, 03:02:30 PM
#88
this is the basic mistake for beginners, because in terms of their experience and observations-they are still new in this cryptocarensi world so when the market starts to experience a decline they panic and they think negatively and in their mind is their money will be lost and will lose . and in this case not just one or two people but most people would think like that, and I was one of those people who thought that way back in the day.
but after seeing 2017 i started to study there and i will not repeat the same mistakes as that year.
and it should be for people who are beginners before you start trading or save money here you should learn more and read so you don't panic in a decline or the market is dumping
full member
Activity: 700
Merit: 100
July 19, 2021, 02:31:58 PM
#87
I also agree that panic sellers mostly lose their money panic sale when they hear any rumor. I always believe DYOR is the best method for earning from crypto and avoid listening rumor, panic sale etc. Patience is the key to make profits here. Whenever i want to invest in a particular coin, i don't believe in sale in small fluctuations.
It is true. no need to panic. simply choose the best asset, buy it, then hold it until it makes a profit.
Don't think too hard about what's being said on social media. as long as our assets are good, we will remain calm with the investments we make.
down no problem, it will come back someday.

every businessman must have a mentality and not be easily influenced by issues, look for accurate references and have good instincts, then you have a chance to be a winner.
full member
Activity: 700
Merit: 100
July 19, 2021, 02:23:26 PM
#86
I agree with your opinion, panic is one of the most influencing factors in making decisions, so that most people who panic are faced with failure.  But I want to add a little, sometimes there are some people who carry out strategies to achieve their goals even though they fail in the end and that person doesn't panic at all in dealing with it, the point in the business world is strongly influenced by mentality and should not panic.
full member
Activity: 941
Merit: 100
July 18, 2021, 11:15:24 AM
#85
I also agree that panic sellers mostly lose their money panic sale when they hear any rumor. I always believe DYOR is the best method for earning from crypto and avoid listening rumor, panic sale etc. Patience is the key to make profits here. Whenever i want to invest in a particular coin, i don't believe in sale in small fluctuations.
It is true. no need to panic. simply choose the best asset, buy it, then hold it until it makes a profit.
Don't think too hard about what's being said on social media. as long as our assets are good, we will remain calm with the investments we make.
down no problem, it will come back someday.
sr. member
Activity: 980
Merit: 250
$CYBERCASH METAVERSE
July 18, 2021, 11:06:48 AM
#84
If you have researched enough and have a knowledge about cryptocurrency, you will not be in panic when the prices go down. If someone is in a hurry to take profit.
Fundamental off coin is most important how to make some one not panic faced when price going dump, but now many people buy coin depend with fomo like Elon Musk or the other and ask them to buy, few minutes later price dump and they panic for selling with lower price. How ever without any research about some coin before buying is not good decision to buy and hold coin how ever many people still panic moment when selling coin.
full member
Activity: 1120
Merit: 101
July 18, 2021, 11:05:31 AM
#83
If you have researched enough and have a knowledge about cryptocurrency, you will not be in panic when the prices go down. If someone is in a hurry to take profit.
Panic is a human thing. even with knowledge and experience. but if you are an investor with large funds in the market. saw the market go down very deep don't you have that feeling? although a little I'm sure you have concerns regarding the value of the investment you make. although later there is a belief that everything will come back even better than before.
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