Don't panic - page 9. | Bitcointalksearch.org

Raflesia

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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.

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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.

perla

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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.

carrigan

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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.

aemma

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That is quite true, panic breeds many things of which one of it is indecision or lacking the zeal to the make the right decisions. Panic causes many people to sell especially when fud is released in the market, thus leading to more dump. Also, apart from fud which leads to panic in the general market, panic can also be caused when someone invests in a bad project or in a project he didn't carried out a enough research on, and thus once things aren't going the way he wants or anticipates panic sets in, because he knows his funds is at stake and the next thing would be to sell at loss.
Lastly, newbies seems to be the most affected when it comes to this, because a lot follows crypto Influencers on social media without knowing those Influencers are just after there own pockets and once they stops promoting that coin for another, emotions sets in, panic sets in and they sell at loss; some will learn from such experience and some will continue following those Influencers.

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Quote from: avarnet on August 09, 2021, 08:38:47 AM

In choosing a coin that has good potential, you have to explore the coin a lot until you really know the coin in terms of promotion to the profit of the coin, so that we know that the coin will be expensive and weighty in the long term in the investment world so that we are not in vain in investing for the masses

Many coins are already existing in the market but majority of them are created without utility and just a pump and dump, relying on hype like these meme coins. Thus its a must to dig deeper to find a hidden gem. We're going to invest our hard-earned money so its just right to be extra careful on where to invest it because investing has risk and there's no assurance of gaining from it.

Nevertheless we can maximize our chance to earn if we follow the basic rule of taking time gaining knowledge and set aside the emotion when making a decision. Have plan to follow to avoid panic selling in times the market is not in good condition.

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In choosing a coin that has good potential, you have to explore the coin a lot until you really know the coin in terms of promotion to the profit of the coin, so that we know that the coin will be expensive and weighty in the long term in the investment world so that we are not in vain in investing for the masses

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Quote from: Chathusand on August 07, 2021, 03:22:21 PM

I believe the most of them are newcomers to the market. They're simply for speculative purposes. They had heard about encryption and hoped to become wealthy quickly. They didn't think about stop-profit and stop-loss since they were greedy. The market did not proceed smoothly once they faced certain news or incidents. They watched as their funds dwindled, and they were unable to stop it.

All newbies should not invest or trade on the volatile crypto marker with big amounts, better to test their trading skills on the demo account or they can use live accounts with small balances. Investing here and there with high expectations is alright but chasing the losses on the wrong decision can cost a lot.
Regarding the inexperienced trader's mistakes, it is no secret that we all make such bad trading decisions in the first months of trading. Using the demo accounts can prevent the big drop in capital but having decent scalping skills are completely different than using swing trades on weekly charts.

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I believe the most of them are newcomers to the market. They're simply for speculative purposes. They had heard about encryption and hoped to become wealthy quickly. They didn't think about stop-profit and stop-loss since they were greedy. The market did not proceed smoothly once they faced certain news or incidents. They watched as their funds dwindled, and they were unable to stop it.

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All currencies is now recovering. I am holding all because selling now would be a great loss. We didn't recover yet anyways. Most coins are half (or less) what they were. I trust XRP going back to at least 1.5 .

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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.

it is a natural thing for beginners, because human nature is afraid, so if the market experiences a correction, then of course many people are afraid and panic sell, even though it is a big mistake, because by selling their cryptocurrency, then it makes them lose their money permanently, but if they still hold and don't sell it, then of course there is a possibility if the price of cryptocurrency that they invested can increase again and they can get profit.

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Quote from: Dedewahyu on August 06, 2021, 09:52:18 AM

selling in a panic will cost you a lot, trading without a proper plan is a mistake, investing without analysis is a bad thing. i'm lost 83% from my capital, because I didn't have a good plan in investing, I bought Titan coin at the highest price and sold it out of panic.

but after you accept the loss I believe you are now a better crypto trader.
I'm sure everyone has the same problem as you. because panic is a trait that everyone has.
The most important thing is that you will definitely control your emotions so you don't panic easily.

Dedewahyu

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selling in a panic will cost you a lot, trading without a proper plan is a mistake, investing without analysis is a bad thing. i'm lost 83% from my capital, because I didn't have a good plan in investing, I bought Titan coin at the highest price and sold it out of panic.

Judrob

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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.

When a person panics he can not think logically. 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.

Insomnia family

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Quote from: Rampagoe004 on August 05, 2021, 06:42:41 AM

Many of us feel panic when the price of the coin that we hold decreases, so we sell in the moment of loss then in this case we must first see the market movement if it is suitable for us to invest then we just hold the coin, In this case we must be ready to suffer losses because not all investments we can benefit,patience in investing we always have to rely on.

Investing must always be observant and don't be careless in monitoring the market, that's if you want to do it in the short term, but if you want to do it for the long term, then you have to choose coins that are ranked well every year, very simple and no need to panic at all

yes in this case one needs to take a decision with the top coins in the crypto market at least in the 1 - 10 list, I am not an expert advisor or anything related to crypto investment, just that I recommend for people who don't like high investment risk appetite will but at least it can minimize your risk of loss.

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The cryptocurrency market is always volatile, uncertain. It is not at all right to assume that you will always benefit by investing in cryptocurrency. There are many investors who have lost money from cryptocurrency To leave the market for life. So those who have suffered cryptocurrency losses They are not impatient to wait. Cryptocurrency will give you something good one day or another.

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Quote from: Kasabus on August 02, 2021, 02:26:03 PM

Quote from: maruf01788 on August 02, 2021, 02:04:20 PM

Yes boss you're right. I am always do it, i can't Control my emotions, i research more times before buy any coin or token and choice good one, but when market dumping then i can't control myself and sold it. one or two days after it's increasing 2x. But i lost money.

Now I realised it - If i don't bear "lose" then crypto is not for me.

If you don't learn, then crypto is not for You. it's actually normal to make mistakes especially if we are just starting, but if we keep making those mistakes over and over again, then it's just like wasting money, and we should stop immediately.

Mistake is a part of us if we enter in cryptocurrency world, We experience some kind of mistake in trading, investing and etc.
Actually a lesson learn also on us that we make mistake in a first place because we can improve or aware from those mistake that we make on when we are new in crypto. If the time comes our token we have are in dip we dont need to be panic must better to calm as always and find a way to recover again.

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Quote from: RokokGudangGaram on August 05, 2021, 07:01:27 AM

That's true and we can't blame them, newbie traders experienced this always and it's part of the learning process after that they will know that emotions should be set aside and just do the trading no matter what will be the outcome, and of course it is their first time doing trading and they see that they lost some money and it will lead them in panicking.

Panic is a natural thing, especially for novice traders who are new to the world of trading. Of course, there will be lots of questions about him, even if he doesn't think he is suitable in the trading world, because whatever he does seems to be wrong. But that's the process, if we want to learn, of course we will have development

RokokGudangGaram

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That's true and we can't blame them, newbie traders experienced this always and it's part of the learning process after that they will know that emotions should be set aside and just do the trading no matter what will be the outcome, and of course it is their first time doing trading and they see that they lost some money and it will lead them in panicking.

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Many of us feel panic when the price of the coin that we hold decreases, so we sell in the moment of loss then in this case we must first see the market movement if it is suitable for us to invest then we just hold the coin, In this case we must be ready to suffer losses because not all investments we can benefit,patience in investing we always have to rely on.

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