Don't panic - page 18. | Bitcointalksearch.org

Coin_trader

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Quote from: clarkt on July 16, 2021, 10:56:18 PM

Telling people not to panic is easier said than done. When market is moving in either direction, it evoke lots of emotions and this emotion can be hard to deal with especially if you have a considerable amount of funds invested. I agreed with what the writer said about research. Having good knowledge of the coin you are invested in will help in keeping you positive and stable, you will be confident in your decision and deploy your skill and capacity more efficiently!

This is what whales actually wants to do. If they want to enter again in the market after taking profit. They usually do a series of dump so that everyone will dump too since fear index is high. Then scoop once again a cheap coins once the price dip at there target level. Even if you have knowledge on the coin doesn't give you an advantage when whale already playing there game. Most of there target are coins with huge activity community like Doge and Bitcoin.

QueenVera

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion,

I would rather say the number one reason is greed, there's no reason to panic during a bull market as all coins tends to raise but there's some reason to be greedy which cost traders and invest their money when the bear comes as they didn't take profit when the opportunity presented itself. Greed is the reason many looks for the quickest way to make money but end up getting scammer.

Panicking and other emotions has a role to play since they contribute to the downfall of investor or trader, which is why if you want to succeed in the industry, you have to watch your emotions.

OcTradism

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Quote from: Beparanf on July 16, 2021, 10:36:09 AM

This is the most common reason nowadays while people in cryptocurrency world lose money. Newbie wants to a fast phase earning that's why they are already gambling on leverage trading with high leverage just to earn quickly. The problem on this High leverage trading was the price movement on crypto is very volatile, You might in profit for a seconds then burn it all once the market reverse instantly. This is what newbie traders don't understand when doing leverage trading.

Exchanges give them multiple options for their daily tradings: spot, Leverage, future, etc. Exchanges want to maximize their income from user trading fees.

Exchanges can control games on their platforms and people who are greed, unknowledgeable, inexperienced will be very easily to fall into the traps of exchanges.

They can win in a few days or weeks but when the market has massacre, they will be killed and all profits will be washed away in a minutes. Who will get the washed-away money, exchanges.

clarkt

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Telling people not to panic is easier said than done. When market is moving in either direction, it evoke lots of emotions and this emotion can be hard to deal with especially if you have a considerable amount of funds invested. I agreed with what the writer said about research. Having good knowledge of the coin you are invested in will help in keeping you positive and stable, you will be confident in your decision and deploy your skill and capacity more efficiently!

darahjuang

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Panic destroys all plans. I totally agree, so don't panic in your activities in the market. In my opinion, before buying coins, I am sure that you have done various analyzes. What we need to know, crypto activity is always changing. Stay calm and don't panic.

indo1

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trading is not only a matter of situation reading techniques, but healthy psychology is also needed here. When our emotions are not easily stable we will easily panic, thus making us easily to cut losses, and usually it is too often when our minds are not clear, therefore, we should be able to calm down as calmly as possible in trading so as not to panic.

llecrf

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

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 have do that and yes, it will good choice if we have good coins with the developers who are always updating for the progress of the project.
Currently the bearish trend is still ongoing, but some new investors must be panicking seeing this market situation, it's not easy to choose coins for long-term investments, that's why I choose Bitcoin and other popular altcoins for long-term investments when the market is bearish.

bastian466

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Very high fear that can cause panic so that a panic sale can occur for fear that the price will continue to fall then prefer to sell it and will buy it back at a lower price that way can minimize the amount of loss, isn't it? without waiting a long time to be able to trade again

Hypnosis00

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

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.

To lose money in crypto is have a bigger chance in crypto and why? It is because of its volatility. There is no such solution to help this out aside from staying away from here. But, to lose is not a big deal in crypto investment coz I think we know this and we are totally aware of the possible consequences we might face from coming in here and we don't need to complain as nobody forces us.

Thus, if we don't want to lose our money, just simply never invest or trade in crypto. Even though we say that we have to control our emotions, we choose promising coins, the truth is that we don't have an excuse, we still suffering losses no matter how good we are.

Darktongue

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

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.

Hold, sell, buy or etc everything has a proper time. This opportunity always keeps repeating on every altcoins. Although we don't have enough knowledge on every altcoins. I will sell my half holding coins after the twice pump. We aren't taking profit right now, so we could lose our money in a view. But we increased our coins during the dump market.

reza7777

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I see a lot of newbies are here because they are only driven by emotions and only buy because of friends, many of them don't know about crypto, no wonder they lose money so fast

Rengga Jati

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Yes, there are indeed a lot of people who actually lose their assets because they are hit by panic, both panic and panic buy.
Of course, we can easily say
Don't panic.
But in reality, there are still many people who have not been able to control the pain. We may also sometimes feel panic, but this will depend on the continuation. Excess panic will certainly be very dangerous.
I personally have felt panicked when the market suddenly dropped more than 50% a few weeks ago, all asset values in the total drop portfolio. Of course, this makes me a little panic.
However, this is the importance we can manage our emotions and pain so that they do not backfire for us.
Trying to keep thinking coldly, trying to think of the best solution at that time. And this is what we have to think about, not just about the nature of not panic, but also the right decisions and steps we take next with a variety of considerations, cold heads, and it is true not based on panic.

Shasha80

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Quote from: gundala on July 16, 2021, 06:49:04 PM

Quote from: ?? on ??

we have to define a lower limit and an upper limit for crypto. because people usually forget to apply it so they panic. and panic usually hits beginners who are prone to issues. so try not to panic do an analysis of the existing issues isu

Panic is experienced by many new investors or traders who are new to the crypto ecosystem. most panic because what is expected to happen is not as expected, moreover cryptocurrencies are very volatile. we can not only rely on feelings and luck, as you said, we have to do analysis to determine safe limits for buy and sell. without strategy and knowledge, we are like entering the forest without bringing enough supplies, we can get lost, so it's best before getting involved with crypto first learn the basics.

It is important that before deciding to invest in crypto, we first learn about crypto, so that we understand how crypto works. Don't invest in something
we don't understand and this will cause panic. Which makes me sad, know a lot of beginners who invest in crypto because of the influence of others
and want instant profit. This finally makes beginners panic when the market suddenly drops, they will immediately sell the crypto they have,
even though if they are patient crypto prices can recover.

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

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.

That's one reason when newbies see the market plummet, they're already becoming anxious and think that it's the end of the crypto market so they panic. But for the experienced ones, we're not thinking of it because we're already aware that it can happen and no matter how big the dump would be, that's fine because we've experienced that before and it's more than the plummet that we've experienced a few years back. Newbies have to be calm and patient whenever they see the market goes down because even it is disappointing, you have to make sure that you've set your plans long term.

gundala

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Quote from: ?? on ??

we have to define a lower limit and an upper limit for crypto. because people usually forget to apply it so they panic. and panic usually hits beginners who are prone to issues. so try not to panic do an analysis of the existing issues isu

Panic is experienced by many new investors or traders who are new to the crypto ecosystem. most panic because what is expected to happen is not as expected, moreover cryptocurrencies are very volatile. we can not only rely on feelings and luck, as you said, we have to do analysis to determine safe limits for buy and sell. without strategy and knowledge, we are like entering the forest without bringing enough supplies, we can get lost, so it's best before getting involved with crypto first learn the basics.

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

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.

Op needs to know that even crypto guru do lose funds in crypto investment. Sometimes is not that easy to differentiate a scam project from genuine ones because everything can be mixed up. A lots of promises and project interface can lure one into buying the wrong coin, later then regretting about it. Research can be carried out about a crypto project but it's not easy to spot good project, this is why crypto investment or trading has it's own level of risks. Buying and of coin in crypto should be the money a person is ready to forfiet if eventually things go wrong.

isaac_clarke22

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Quote from: akirasendo17 on July 16, 2021, 09:59:21 AM

~

Emotion is already part of us, OP. If we are all robots, then emotion is our built-in function.
About the losing money stuff, it is either they're just in a hurry to earn money which is not surprising to a lot of people on how they look at crypto or they are driven easily by popular celebs in whatever social media site you can mention.
This is why when it comes to crypto, I read more stuffs in here rather than those celebrities that don't even know crap about crypto with all their blind followers.

Samurai trieng

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In my opinion panic is a very fatal mistake in investing in crypto, because panic can give us big losses later, before investing or trading we should study and research intensively about the movement of the altcoins we are trading, so that panic is not easily present in us , although panic is a very normal thing to happen,

imstillthebest

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i dont think that was the main reason why they lose but i think the main reason is lack of knowledge .
panic could come next and panic occurs when they hear something negative or when they saw the price is falling . you could still loose even if your only chilling because your forgetting to check the price.
it is important that we are updated with our coin for us to make a profit or prevent from loosing too much.

kapalmabur

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Quote from: ipanks on July 16, 2021, 12:51:41 PM

Panic is a big problem that every trader will face but they will not panic if they know what they did. Most traders are trading coins without analyzing before and follow others' suggestions so that when the coin does not increase but it is down, they panic because they are not ready to see that. If traders can analyze first before or after they get information about the coins, they can know if they are potential or not to buy. The other thing that trader need to think is how they can take profit while the price increase.

Before trading the coin traders should analyze and follow market movements,
that way at least we can make the right decisions and most traders believe in what other people say without doing their own analysis first,
indeed it is not easy but if we continue to learn maybe panic will not happen easily

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