Don't panic - page 8. | Bitcointalksearch.org

Questat

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Quote from: Bagong91 on August 13, 2021, 02:09:17 AM

Quote from: akirasendo17 on July 16, 2021, 08:59:21 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 agree and that's what I experienced when crypto prices fell and I panicked at that time, but from there I learned not to panic of course because I have a long target for coins that I hold for the long term

Just believe in crypto and believe in the coin you are holding, make sure you did your research and follow the development of the project if you are into long-term holding. Honesty, it's not easy to hold if you are not fully educated as you can easily be affected by the FUD and might change your stance regarding your investment strategy.

evichi

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Research before investment is the key. It is really important to read and understand the utility of the coin or token both short term and long term. But, when it comes to meme coins/tokens, that is the area I can't really say about utility. However, even at that you can still act on news and personalities behind some meme tokens and coins. The world of crypto is all about people. A token is worthwhile because of people - that is what is happening on meme coins/tokens. It is pertinent to do some research before parting with your hard earned money - this will help you minimize panic.

Luke Briggs

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Prices continue to fall, testing people's psychological quality.
When novices lose money in cryptocurrency, they will be afraid of cryptocurrency. No longer invest in cryptocurrencies.
Because it believes in FUD instead of analyzing the market, it will also blindly follow the whale operation.

Bagong91

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Quote from: akirasendo17 on July 16, 2021, 08:59:21 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 agree and that's what I experienced when crypto prices fell and I panicked at that time, but from there I learned not to panic of course because I have a long target for coins that I hold for the long term

projapoti

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Crypto traders should not panic. And for those who are worried about small beds, it would not be right to trade crypto. Because it will be harmful for their health. Seeing the small and big price movement in the market, many people buy and sell crypto out of emotion. Crypto must be researched before buying and selling.

iged_war

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Quote from: Wulan_maniez on August 12, 2021, 08:40:28 AM

Panic in crypto trading is common, no exception for experts traders. This panic will occur if a trader is wrong in taking open positions.
In this case, proper analysis is needed, when wrong predictions. Prices that are thought to have been very low could be the highest
prices when it happens to the bear market. That is also why a trader should not rush to take a trading entry.

If you don't know what you are doing, the chance to lose your money is really high, but if you are good at anticipating there's always a good chance for you to earn from this market.

Panic is very natural when you don't know what you are doing. You have to do your research before making any move it will enhance your opportunities and lessen the chance of panicking when market crashes.

when we don't know with all things we gonna do better to stay away from crypto market and close our posiition immediately. loss will easily suffer tous while our trades have no valid analisys before and when this condition happen to us , panic selling will be our action facing bearish or crash market.

bosede1

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It is good to do thorough research in whatsoever thing you want to do especially when money is involved, so also panicking should be avoided like a plague in any decision taken in life.

Wulan_maniez

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Panic in crypto trading is common, no exception for experts traders. This panic will occur if a trader is wrong in taking open positions.
In this case, proper analysis is needed, when wrong predictions. Prices that are thought to have been very low could be the highest
prices when it happens to the bear market. That is also why a trader should not rush to take a trading entry.

Lordshiva

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Welcome back 🙏

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I totally agree with you, indeed the purpose of investing is to make a profit, but it is not as easy as turning the palm of the hand, everything requires a process, both mental and thought, by mastering technical analysis of a coin then you have a great opportunity to make a profit, I think panic will give you you lose and regret later.

Maybe there are many new traders who want quick profits so they just invest in investing so that when they see prices fall they feel like they will lose assets so they panic and sell all their assets even though they lose, but if we know from the beginning the developments in crypto of course panic will not come because we always believe that crypto developments still continue despite the price correction.

Yes this is the exact reason, the new traders think this is easy money and they expect fast profit. Some times they even get profit even in 2-3 days and that makes them think they always make quick money like this. But when the price fall they dont know what to do and start to panic and just start selling.

sulendra12

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Quote from: akirasendo17 on July 16, 2021, 08:59:21 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.

Experienced traders also experienced this as well. Panic is a human habit and I do understand about people be panicking when the price crashed or even people got baited by quick pump and dump. We should be prepare with anything possible in the crypto market, it's difficult for sure and few mistakes will be made on the process including me.

They have to experience this by themselves so they "know" what to do when such thing occurs.

Baimovic

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Panic sell occurs when we see a given chart in the direction of a very deep decline, actually it is an anticipation to lose more of the asset we hold, but if we do not panic sell and be patient to hold on to the asset until the price drops. the price goes up again then we won't lose our money, so if we see the price go down and the tokens we hold have good progress on the project, of course there is no need to worry when the price goes down because when Bitcoin goes up the price of altcoin will go up.

otundebis

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Those that can not handle pressure must learn that Cryptocurrency can give you a lot of pressure and you need not to be affected by it. It normal Cryptocurrency situation. A coin can drop 90 percents in matter of days regardless of how solid or legit such coin might be. It important to be in charge of your life and emotion and keep your expectations low!

goolesby

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Gistcoin

That's right, usually after a sharp rise, the market begins to correct or decline due to a sell-off. The market situation that goes up and down like a rollercoaster often makes many investors or traders 'lose their minds' in investing and tend to make transactions based on emotions.
As a result of this, there are two things that usually happen when the market loses its mind. Those are panic buying and panic selling.

2tang

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Quote from: m.rifki on August 09, 2021, 12:13:45 PM

Moreover, if a trader decides to buy just because he follows a trend, then panic will increase when there is a decline, very lucky people who want to learn from experience, and don't repeat the same mistakes.

Trends really need to be followed, but everyone should not be negligent in following trends so that he forgets to get the profits that are already visible in front of his eyes, because often people who are new to the crypto space forget to save their profits that they have earned through trading.

fileo

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Rangers Protocol

Panic is the basic and common destroyer of newbies in cryptocurrencies ecosystem especially when the market turn to bearish or will have a sideways. Newbies will treat the red portfolio as negative, from that they may sell their tokens because of fear to lose some more. At the end they will see the embarrassing emotional approach during dump. Learning would be after mistakes.

Rikotin

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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. but In fact, this is normal in the crypto market.

Plinteng

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https://goldeth.io/

yes 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.

m.rifki

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Quote from: perla on August 09, 2021, 10:22:09 AM

Probably just learning, panicking, emotional breakdown, selling because of emotions and fear are part of being trader once they overcome this stage they will know that it's part of learning but sometimes it's all about lack of knowledge that's why people losses their mind in trading.

Moreover, if a trader decides to buy just because he follows a trend, then panic will increase when there is a decline, very lucky people who want to learn from experience, and don't repeat the same mistakes.

RbiggerG

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Quote from: Raflesia on August 09, 2021, 11:40:03 AM

Quote from: freedomgo on August 09, 2021, 10:47:14 AM

Quote from: carrigan on August 09, 2021, 09:59:20 AM

Yes, that is true. Emotional control is important so that we don't panic easily. Usually newbies lose a lot of money because they are stuck with their own emotions and can't wait to monitor changing market conditions. The importance of market analysis should also be studied by newbies so that they can have an idea of what benefits and risks are obtained. if at any time the price of the purchased coin turns out to be too high and market conditions actually go down, the solution is to hold the coin until the price stabilizes again. do not sell cheap because it harms you.

It starts with a lack of education about investing in crypto, if they believe that crypto could bring easy money on their investment, then they are wrong and they are most likely to get FOMO easily resulting in big losses in the end as the market does not move in an uptrend movement forever. However, if they really want to stay, they need to learn from their experience and be smart next time.

Usually it is always in the minds of beginners who have just come to the crypto market, they always want it to be easy to make money, of course, with their shadow investment, maybe what they feel is how much profit they get while investing is not as easy as imagined if we still haven't experienced it experience in the crypto world.

Indeed we know investing in crypto always earns fast money but it takes great skill in choosing a particular coin, is it all possible? of course not but they can understand how to choose and see good opportunities not just about easy which is always expected then it will be a big mistake too.

Excuse me, but this is very wrong...

I know of people who have been into crypto for over 8 years now and some of them have even worked on top 20 cryptocurrencies as developers. Do you think that none of them ever made an unbelievably bad decision? One guy did even go broke, but is back on his feet now. They are all professionals, they were all extremely sure about their decisions and positions, and yet some of them were wrong some of the time and some of them were right some of the time. Luck is also a huge factor, personal circumstances and much more. Education is a good point to start with but in no way is it an insurance against losses. I am sure you know from the media some gurus who dominated the markets for decades and yet have been wrong big time here and there.

ibuddy122505

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Quote from: perla on August 09, 2021, 10:22:09 AM

Probably just learning, panicking, emotional breakdown, selling because of emotions and fear are part of being trader once they overcome this stage they will know that it's part of learning but sometimes it's all about lack of knowledge that's why people losses their mind in trading.

Absolutely. Before you use your abilities, don't get panicked easily. Positive thinking is one of the best tools for dealing with panic. We have a decent opportunity in this market, but it is up to us how we take advantage of it. People have been staying with their holding couple of months, but some would like to stay for a couple of years. Your strength will determine the outcome of the race. Invest in a bear market and sell in a bull market to make money.

Topic: Don't panic - page 8. (Read 12314 times)