Topic: Don't panic - page 19. (Read 12286 times)
Panic as well as people’s lack of education and responsible for the loss. Most new traders will see Telegram Signal relying on the group, which is not right, I think trading should be done with a minimum trading education. Properly following the fundamentals of over-trading and targeted coins, including money management, can be profitable.
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.
While panic is an important reason why people lose money I think you mentioned even more important reasons which are greed and ignorance, if people simply accepted that they did not have the knowledge to trade the markets and that it will be impossible for them to make profits here then they will never panic as they will not be invested in the market.But they decide to do it out of greed and their ignorance causes them to take bad decisions, only then panic takes place and they take even worse decisions as now they are under incredible stress and it is known that people underperform under those circumstances.
As a beginner having concerns about the falling price of a coin it is a natural thing. Because indeed everything in the cryptocurrency world requires an experience and research.
Sometimes we've done research and bad things can happen in the future.
If my opinion invests in this cryptocurrency world if you want to get profit there are 3 keys that we must have.
1. Be patient
2. Mental
3. Research and experience
Sometimes we've done research and bad things can happen in the future.
If my opinion invests in this cryptocurrency world if you want to get profit there are 3 keys that we must have.
1. Be patient
2. Mental
3. Research and experience
Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion,
Being panic is a natural thing so it's a normal reaction of a person even for those experienced traders.
Let those people panic as experiencing any mistakes, errors, and losses are some of the keys to become a good trader in the future. With that experience, a trader, while in progress will do everything not to make the same mistake on their future trades. It's good to compare to always winning as these people will think that crypto is an easy money scheme.
Just give them time and soon they will finally be able to control and manage their emotions whatever the trend.
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.
Naturally, everyone has a feeling of panic in their mind, at the beginning of the decline in crypto prices in 2018 I panicked and at that time I sold my Ethereum because the price went down, but after I found out that cryptocurrency prices were very volatile then I started to understand, HODL is a good decision if we have Bitcoin and other top altcoins for long term investment.
It is important to educate yourself and do your research before making a decision on how and in what we are going to invest in crypto. You need to study the project, its use cases, its associations, and its community. For newbies, I would recommend starting a project like DIVI, because it has formed a learning community and has very solid projects. As his mission is to make crypto easy for everyone, he has developed strategies that truly allow ordinary people without great cryptographic knowledge, to get involved in an organic and natural way with the world of cryptocurrencies.
DYOR www.diviproject.org
DYOR www.diviproject.org
in a hurry and don't know how the crypto concept works. they get carried away only seeing a slight decrease and increase in the percentage of profits and then as if they have understood it very complex. but it turns out that they misjudged and interpreted price movements.
nothing works in a minute, they still don't realize that all prices don't increase overnight, just because of seeing the rich information of crypto.
they only know the sweetness. not bitterly in crypto trading. The first mistake is not learning all about crypto.
Admit it or not, people nowadays come into crypto just for pure profits so they easily jump into investing or buying those coins even without enough awareness and preparation. And the main reason why they keep on losing is that they don't know crypto from the start.nothing works in a minute, they still don't realize that all prices don't increase overnight, just because of seeing the rich information of crypto.
they only know the sweetness. not bitterly in crypto trading. The first mistake is not learning all about crypto.
So in times of bearish trend, they end up being impatient and carried easily by their emotions so they come up with panic selling. We won't lose actually if we don't sell them at a lower price. Newbies tend to repeat this mistake again and again.
That's what they always say, but in reality, it is pretty hard to practice those reminders, I don't know what was the reason but in my personal experiences the incidents just keep repeating that's why for me I won't bother it anymore its additional burden in my head, by the way, crypto-related stress can trigger anxiety attacks, I have a friend that was currently experienced it. because of that reason, I'm started to control my crypto-related goals by removing those too-good-to-be-true targets.
that's right dude, I have good friends but right now it's like people don't have the spirit to live because they are constantly haunted by regret. therefore do not use money for daily needs when investing in crypto because this is something that is dangerous for the mentality of those who do it.
in a hurry and don't know how the crypto concept works. they get carried away only seeing a slight decrease and increase in the percentage of profits and then as if they have understood it very complex. but it turns out that they misjudged and interpreted price movements.
nothing works in a minute, they still don't realize that all prices don't increase overnight, just because of seeing the rich information of crypto.
they only know the sweetness. not bitterly in crypto trading. The first mistake is not learning all about crypto.
nothing works in a minute, they still don't realize that all prices don't increase overnight, just because of seeing the rich information of crypto.
they only know the sweetness. not bitterly in crypto trading. The first mistake is not learning all about crypto.
They lost their money because
- Did not do their own research. DYOR is a first thing to learn, practice in this risky market.
- They are too greed and skip all rules they learnt to join and gamble, even with scam projects. They smell risk but they accept risk and they are readily to gamble.
- They use leverages uncontrolleable and were liquidated.
Your post said it better succinctly. The second point is the vice which has kept many crypto enthusiasts down. They see crypto as an easy way to cash out, a get rich quick scheme, which is erroneous actually. They go all in and then are trapped because most times they invest in shitty projects that eventually turn scam. Your last point is what I term "practising ignorance" People go into something they truly don't understand. Leveraging into margin trading or Futures when you truly don't have a full grasp of it is akin to diving without the kits. That is what some traders do and it's dangerously dangerous, if you know what I mean. - Did not do their own research. DYOR is a first thing to learn, practice in this risky market.
- They are too greed and skip all rules they learnt to join and gamble, even with scam projects. They smell risk but they accept risk and they are readily to gamble.
- They use leverages uncontrolleable and were liquidated.
That's what they always say, but in reality, it is pretty hard to practice those reminders, I don't know what was the reason but in my personal experiences the incidents just keep repeating that's why for me I won't bother it anymore its additional burden in my head, by the way, crypto-related stress can trigger anxiety attacks, I have a friend that was currently experienced it. because of that reason, I'm started to control my crypto-related goals by removing those too-good-to-be-true targets.
"don't panic" is kind of word that so easy to say but too hard to apply when market struggling and especially at the same time you're staring at your money that gradually decreasing. Of course there are some investors that can really hold their emotions when it comes such scenario but the sad thing is mostly can't manage it reason market always getting worse when there's a negative news and etc. This became normal situation actually since market is full of people with different attitude. So we need to understand.. Infact all of this is just a temporary and so on there's always a good things that always happen but it requires a lot of patience..
If you are a newbie stay away from trading because it's 💯 different from crypto investment, also it's not always about panic mood some people have greed in them that's why they lose some money, they don't know what to quit after making some good gains, they simply want to be rich overnight
I totally agree with your suggestion, when I first traded, I always panicked and lost a lot, but it was a lesson for me and now I can control my emotions and try to hold my coins until the price goes up
Many new trader are panic when faced bad new exactly about bitcoin banned in some country, they will sell bitcoin and altcoin assets without care how much loss. I think bad thing still faced with panic moment because many people try to make fud and get bitcoin or altcoin with lower price, they not care about bad news because this good choose and moment to buy back not for selling assets. 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 main reason maybe they have no knowledge to face unpredictable market condition. Mental, psychology , and trading knowledge didnt prepare well before start investing in any finance market. They tempted by profit that shared by their friend or colleguea so thinking its east to earn money. 
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.
Panic is not the biggest factor, there are other factors that are more dangerous, namely lack of confidence, impatience, and giving up easily. this is the thing that causes one to still lose money in the crypto market. they lack confidence and prefer to listen to what people have to say. just following the hype without trying to make your own decisions. impatient, those who lose are usually always impatient to sell when the price suddenly drops. and give up easily, everyone has experienced losses in the crypto market. but those who succeed are the ones who come back from failure. those who give up will only lose. this is what makes people lose their money because of crypto market.
Someone panics because of several things, including trading without analysis, not understanding when is the right time to buy and sell. Besides that, because he don't use good financial management, try to trade crypto with free money and never go all-in
- They use leverages uncontrolleable and were liquidated.
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.
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.
Jump to: