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Topic: Don't panic - page 6. (Read 12286 times)

member
Activity: 308
Merit: 10
August 26, 2021, 01:06:58 AM
Panic is a big mistake for anyone who jumps into a world of crypto work, if you jump into the world of buying and selling crypto money if it's hard to control your emotions, don't try to jump into that world, because it will be very fatal and you will receive a very large loss later, especially in the trading market, so if you want to make a profit in crypto currency you better focus on that in choosing the right crypto currency and potentially valuable value later
copper member
Activity: 86
Merit: 1
August 26, 2021, 12:26:09 AM
if you want to be calm down,you should hold some coins/NFT which is nearly zero cost like me.
LIGHT-EMIT Project
this project is nearly zero cost.you don't need to spend too much money for it.it's safe for us.
you can create NFT in this platform.
and you can mine LIGHT (token) with NFT.
at first,i got 1 light per day,after 3 month,i got 170 light per day.
last week,one light is $0.087,now one light is $0.094.i think it has huge potential.
you can check their website and white paper.
Website:https://emit.technology/
white paper:https://doi.org/10.31219/osf.io/bymuk
telegram link:https://t.me/emit_protocol
full member
Activity: 798
Merit: 100
August 25, 2021, 11:41:55 PM
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.
Usually beginners are prone to mass panic. because of FUD or because of non-fundamental issues. someone who has put their money in crypto should be able to be really calm and be able to manage it well so that when faced with any issue, stay calm and assets can be maintained.
full member
Activity: 532
Merit: 100
August 25, 2021, 10:56:12 PM
Looks like they're not freaking out, but they would've gotten a little off the top if they sold half of their assets. It's different for people who are prepared to hold back their assets to wait for a high price.
hero member
Activity: 2170
Merit: 530
August 25, 2021, 10:17:56 PM
Patience is something that would mainly be tested out but if you dont have much experience on this market then it is really hard to control off.You do need to deal countless trades before you could
able to handle yourself  well  into  this market.

Dont panic?This is something that you cant avoid but with proper knowledge and experience,you would able to handle or control yourself specially on emotion aspect.

Since you do have the experience towards the market then you are much aware on what would  be your possible next move.

That's why it is very helpful as a newbie trader to make yourself educated first about trading aspects before you would go and made a decision of taking risk of your money. This just mean that trading is not easy and the trader must ready themselves for any possible scenario that might happen because of the volatility of the market. Keeping a self control out of the dropping market can give you a time to think properly and could give you an essence of having a patience whether you will sell or hold and most especially this kind of scenario will train you to handle the bear market without emotionally affected by the bear market.
full member
Activity: 616
Merit: 102
August 25, 2021, 10:00:10 PM
Researching the coin he wants to buy is the first thing that must be done before investing in the world of cryptocurrency, and another thing that we often find investors losing their assets is when their greed can't be controlled so they experience very deep losses.
hero member
Activity: 2366
Merit: 504
August 25, 2021, 08:03:09 PM
Well experience is the best teacher. Everyone will encounter panic mode in the beginning but once you get use to it you will now starting to be on the right mind. Dump is always part of the game in trading. No one can ever tell, even the most genius person in the world. We just need to get used to it
And price dumping is not only happening or limited to crypto but to other investment. But it's normal to experience panic when the market is dumping and looks like about to experience huge price decrease but experienced traders are already used to this as you said experience is the best teacher. Even if someone is genius in trading and know what to do when market is dumping, they will still experience panic because its natural.
sr. member
Activity: 588
Merit: 251
HELENA
August 25, 2021, 07:36:02 PM
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 very true. I also experienced the same thing. Research more and learn first before doing some trading. it is very important to know more about the investment that you make before doing some investment and decision as well.
sr. member
Activity: 1492
Merit: 269
August 25, 2021, 12:16:12 PM
Yes, everyone should stop panicking, because panic is what makes any investor or trader make wrong decisions. When the market becomes bearish, they lose hope quickly and sell at a loss, and this is what makes any of them get out of the crypto market quickly, Everyone should stay away from panic and trust in the currency that he invested and hold it in the long term so that its future brightens and you take good profits from it.
Panic is hard to avoid friends. Because we are in a very high risk trade. However, it should not be made into something excessive so that if panic is too deep, it will lead to wrong decisions and big losses. Sometimes in those situations I don't see the market so I don't panic too much.
member
Activity: 200
Merit: 11
August 25, 2021, 12:10:39 PM
In the beginning, unfortunately, everyone will panic in cryptocurrency investments, and therefore, at the earliest path, we make a lot of mistakes in cryptocurrency investments, but gradually we make fewer and fewer mistakes and we begin to understand how cryptocurrency investments work and gradually we understand that it is better not to panic in the cryptocurrency sphere because we can lose a lot of our money and, of course, panic also affects our nerves and our health, so we must always carefully choose the cryptocurrency in which we want to invest and it is best to invest in top cryptocurrencies, this is already a proven option.
Well said panic is natural it's an emotion but panic do make wrong decision. Don't be panic ask experienced people if any doubts.
newbie
Activity: 74
Merit: 0
August 25, 2021, 12:04:41 PM
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.
When a person panics he can not think logically so only a scared users will think that the bitcoin market is controlled by Elon or someone else. If I were them, I would look at the current dip as a great opportunity to buy more of my fave altcoin(s) - yes, it's time to fill in my bag with this amazing coin #Stakenet $XSN.
full member
Activity: 476
Merit: 107
August 25, 2021, 11:56:11 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.

Well experience is the best teacher. Everyone will encounter panic mode in the beginning but once you get use to it you will now starting to be on the right mind. Dump is always part of the game in trading. No one can ever tell, even the most genius person in the world. We just need to get used to it
member
Activity: 1764
Merit: 10
August 25, 2021, 11:53:22 AM
In the beginning, unfortunately, everyone will panic in cryptocurrency investments, and therefore, at the earliest path, we make a lot of mistakes in cryptocurrency investments, but gradually we make fewer and fewer mistakes and we begin to understand how cryptocurrency investments work and gradually we understand that it is better not to panic in the cryptocurrency sphere because we can lose a lot of our money and, of course, panic also affects our nerves and our health, so we must always carefully choose the cryptocurrency in which we want to invest and it is best to invest in top cryptocurrencies, this is already a proven option.
sr. member
Activity: 2366
Merit: 448
Enjoy 500% bonus + 70 FS
August 25, 2021, 11:32:53 AM
Panic must exist when prices suddenly drop and if we have experienced it we will learn from experience, especially those who have been in this industry for a long time.
and the panic that is felt has become commonplace and that is the nature of the market that has happened will definitely happen again someday, and this is where we are tested and need patience and calm and intelligence so as not to make wrong decisions.
and it's actually quite simple when the market is down you just have to hold it or make a buy and then hold it for the long term.
legendary
Activity: 1890
Merit: 1537
August 25, 2021, 10:36:25 AM
Yes, everyone should stop panicking, because panic is what makes any investor or trader make wrong decisions. When the market becomes bearish, they lose hope quickly and sell at a loss, and this is what makes any of them get out of the crypto market quickly, Everyone should stay away from panic and trust in the currency that he invested and hold it in the long term so that its future brightens and you take good profits from it.
sr. member
Activity: 826
Merit: 252
August 18, 2021, 03:26:39 PM
Panic is always a step every trader always face in market because crypto is always high Risk either the market works on your way or work against you, so the best reason to invest in cryptocurrency is if you truly believe in its long-term potential. If you think it has a bright future, you should be willing to hold onto your investments for as long as possible -- regardless of whatever volatility they may experience in the short term.


Perhaps one way to retain assets when dumped is to hold or invest long term. But for me, investing in crypto is an amount of money that are prepared to lose. Don't push yourself by investing all of your money in crypto. The dump happens suddenly, maybe we don't have a chance to sell it.
member
Activity: 84
Merit: 10
August 18, 2021, 03:04:44 PM
Panic is always a step every trader always face in market because crypto is always high Risk either the market works on your way or work against you, so the best reason to invest in cryptocurrency is if you truly believe in its long-term potential. If you think it has a bright future, you should be willing to hold onto your investments for as long as possible -- regardless of whatever volatility they may experience in the short term.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
August 17, 2021, 10:11:53 AM
Quote
but panic plays a very high role and it is true that experience in trading is also needed with good analysis, because if everything has become one unit then you can't think properly and lose money is certain. all are interconnected and cannot stand alone in stressful trading.

Panic is the way the user market base deals with high volatility, it always seems to happen that no one is brave enough to learn about risk management. In the end, only you can calculate what you have, what you gain and what you lose. It all comes down to the natural course of panicking.

Quote
losing money in crypto is not just because of panic, but losing their money because they don't understand how to trade properly. not understanding the market movement also causes you to lose your money. I think like that
If forgets the target and takes profit, he or she does not master the knowledge of the trade. For trading, greed will get rekt - similar to market overconsumption short/long positions.
full member
Activity: 1274
Merit: 104
HEX: Longer pays better
August 17, 2021, 09:49:46 AM
cryptocurrency was suitable for long term investment as long as we hold good project , no need to worry about price because market always have high volatility.
The issue of price is something that must be seen even though the market is always highly volatile, because the price of new cryptocurrencies does not always stay in big numbers or expensive numbers, so it is worth paying attention to even though there are other points that are more important than that.
not only about holding and long term, before we have to analyze before entering the market and decide to buy and do long term holding because not all altcoins are good for the long term even many have fallen very far in the long term that's why we have to learn and analyze first
sr. member
Activity: 1078
Merit: 250
August 17, 2021, 08:32:19 AM
cryptocurrency was suitable for long term investment as long as we hold good project , no need to worry about price because market always have high volatility.
The issue of price is something that must be seen even though the market is always highly volatile, because the price of new cryptocurrencies does not always stay in big numbers or expensive numbers, so it is worth paying attention to even though there are other points that are more important than that.
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