Topic: Don't panic - page 2. (Read 12286 times)
Dont panic it put you into in huge loss. It's an emotion and when traders will panic they sell their coins which was a bad decision . When you feel you are in panic don't take decision take a fresh moment.
Don't panic when the Market is Bearish.
Generally, traders will panic and sell when the value of their crypto assets has decreased significantly. Instead of selling, you should just do a HODL and wait for the situation to improve. Panic will only make you act irrationally and sell all assets without thinking.
This FOMO action usually occurs in traders who are just trying to invest in crypto assets for the first time. Therefore, you have to get used to the situation so that your mentality continues to be well honed in order to make a profit.
Generally, traders will panic and sell when the value of their crypto assets has decreased significantly. Instead of selling, you should just do a HODL and wait for the situation to improve. Panic will only make you act irrationally and sell all assets without thinking.
This FOMO action usually occurs in traders who are just trying to invest in crypto assets for the first time. Therefore, you have to get used to the situation so that your mentality continues to be well honed in order to make a profit.
Panicking will result in losses even before you realize it, but on the other hand panicking will become your advantage if you think the right way and convert your losses into profits. Even professional traders or gamblers still panic but they don't show it because they know how to handle the situation in the right way to avoid losses along the road.
Instead of selling, you must study and think of buying when the market is at its lowest. In that same manner you will gain when the market recovers again.
Instead of selling, you must study and think of buying when the market is at its lowest. In that same manner you will gain when the market recovers again.
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.
That's the reason why investing in bitcoin is too risky, we never know what would happen in the future, therefore we should always have an alternative plan the words of advise from the experts is don't put all your eggs in one basket, so this means you have crypto and you have investment outside crypto as well. You'll never panic if you understand what you are doing, and most especially you risk what you can afford to lose only.
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.
Most of the new members want to reach the quick money stage thats why they bet on high leverage trading just to make quick money. The problem with this high leverage trading is that cryptocurrency price movements are very volatile. But losers are always eager to sell when prices drop suddenly. and give up easily, everyone has experienced losses in the cryptocurrency market. But the people who succeed are the ones who come back from failure. To be an experienced investor, I think we should all practice patience and learn to control our emotions. 
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.
Panic is common among novices. Some novices are impatient and don't believe in the coin of their choice. After you have studied the market, it is normal for prices to fall. Don't be afraid of the sharp drop in prices, keep a good attitude.
Perhaps we are going to the point of crossing 37400 to check if someone large has entered the 44000 range to avoid this option, I would like to bargain for a couple of days above the support
Sometimes selling in a decline is just to reduce losses. Many coins will die in the fall. Not all coins can rise quickly after falling. You can trust some top-ranked coins such as Bitcoin and Ethereum. Analyze market trends before every investment. Panic selling mostly exists among novices. However, some people believe that FUD affects judgment.
Most people panic sell because they dont know what they are doing… most people get into because of the hype and dont learn the basics before actually investing ; most buy at a high and when the market changes then they see they made a mistake and would probably want to sell off time in order not to lose all the money they invested
Selling assets during a dump market will only make us continue to lose. Because the market will also increase suddenly. But short-term trades need to be made to increase the number of assets when the market is in the red. So that when the pump starts, we have sufficient assets, and the resulting profit will increase even though the price is not the same as before. Learn, and be positive thinking that the market will return to a higher level.
Many people start investing in cryptocurrencies thinking that here they can get rich quickly without making any effort. It happens that, without experience and knowledge, beginners enter the market at the very peak of the price. Therefore, the very first correction can cause panic and a passionate desire to save their investments. Fear is a normal human sense of self-preservation, but only experienced investors know how to manage it.
the fact is that majority just want to make money but dont want to work for it. many just follow hypes coins and news and thrown in money which they usually lose on them. not pannicking means that you have done enough research and ready to go through thick and thin to make profit. investment is risky and has a part where you will encounter loses also, so dont get carried by profit making vibers on social media without any loses.
In order to earn good money, you need to have a lot of knowledge and experience about the cryptocurrency market. At the same time, you should always understand that nothing can be done just like that. Working in the market is very difficult and only being in peace can you become successful. Gradual steps to success that are accompanied by experience and knowledge are much better than a quick flight and an equally quick fall.
Right, I agree with you. One of the things to do during market turmoil is to avoid checking your own investments. Because this can trigger the emergence of temporary emotions that lead to wrong decision-making. For example, make a purchase at the wrong time.
The cryptocurrencies market is always volatile, because the market is currently down so the best way is to immediately switch to a fixed value coin such as BUSD or USDT, many predictions believe the market will move down and maybe the bitcoin price could be below $40k.
Most people panic sell because they dont know what they are doing… most people get into because of the hype and dont learn the basics before actually investing ; most buy at a high and when the market changes then they see they made a mistake and would probably want to sell off time in order not to lose all the money they invested
the fact is that majority just want to make money but dont want to work for it. many just follow hypes coins and news and thrown in money which they usually lose on them. not pannicking means that you have done enough research and ready to go through thick and thin to make profit. investment is risky and has a part where you will encounter loses also, so dont get carried by profit making vibers on social media without any loses.
In order to earn good money, you need to have a lot of knowledge and experience about the cryptocurrency market. At the same time, you should always understand that nothing can be done just like that. Working in the market is very difficult and only being in peace can you become successful. Gradual steps to success that are accompanied by experience and knowledge are much better than a quick flight and an equally quick fall.
Right, I agree with you. One of the things to do during market turmoil is to avoid checking your own investments. Because this can trigger the emergence of temporary emotions that lead to wrong decision-making. For example, make a purchase at the wrong time.
The cryptocurrencies market is always volatile, because the market is currently down so the best way is to immediately switch to a fixed value coin such as BUSD or USDT, many predictions believe the market will move down and maybe the bitcoin price could be below $40k.
the fact is that majority just want to make money but dont want to work for it. many just follow hypes coins and news and thrown in money which they usually lose on them. not pannicking means that you have done enough research and ready to go through thick and thin to make profit. investment is risky and has a part where you will encounter loses also, so dont get carried by profit making vibers on social media without any loses.
In order to earn good money, you need to have a lot of knowledge and experience about the cryptocurrency market. At the same time, you should always understand that nothing can be done just like that. Working in the market is very difficult and only being in peace can you become successful. Gradual steps to success that are accompanied by experience and knowledge are much better than a quick flight and an equally quick fall.
Right, I agree with you. One of the things to do during market turmoil is to avoid checking your own investments. Because this can trigger the emergence of temporary emotions that lead to wrong decision-making. For example, make a purchase at the wrong time.
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.
Even though the market is falling, don't panic and be afraid but still do technical analysis by looking at short and long-term trends through price charts. The purpose of technical analysis is to understand the sentiments and significant trends in the market so that you can determine the right time to sell crypto assets and not get carried away by FUD and FOMO. 
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.
Only people who are experienced in the field of cryptocurrencies can deal with the problem of the market going down drastically. Because if they predict from the technical and fundamental side. They can still take profits even if the coin price drops. Those who are experienced will definitely make a profit by placing a short long.
If the falls are smooth, then the people will remain with the deposit, and so they gave a clean Fomo setup, where people begin to see what they want in TA and shave, let's see what happens to the fund, logically everything should be fast and painful according to the classics, keep the short men farther)
First you need to understand why exactly people panic.
It's simple, they panic because they don't know what to do.
People start to panic when they see that their expectations look like red candles on the chart and they don't know what to do about it.
Someone runs to sell and shouts that they will do it, the rest follow his example because they do not know what to do.
I don't think everyone knows what he wants to do, when trading cryptocurrencies that I know they often panic because they see the price of coins on the exchange collapse instantly and make them panic because they are stuck at high prices, I think that's a natural thing because human nature is like that.It's simple, they panic because they don't know what to do.
People start to panic when they see that their expectations look like red candles on the chart and they don't know what to do about it.
Someone runs to sell and shouts that they will do it, the rest follow his example because they do not know what to do.
As you said, if a person does not understand why he is doing certain actions in trading, this will not lead to anything good.
People panic because they do not know how to act in an unusual situation for them. For the example you described, there is such a tool as stop loss.
Panic sell has become a huge problem in the crypto space. I can't believe how traders can accept losses and not wait for the market to rise. In the crypto market you don't lose your money unless you sell it at a loss.
Jump to: