Don’t Panic IV | Bitcointalksearch.org

gabbie2010

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Quote from: Saisher on March 18, 2021, 04:50:52 PM

Quote from: tokeweed on March 17, 2021, 11:20:58 AM

There was a huge difference between the sell down of 2017 which caught everybody off guard and thought it was just another dip and the sell downs we’re seeing today. 2017 ended the bull market, the last two and this one we’re seeing today are all controlled sell downs. At least that’s how I’m seeing it.

As to why this is.. No idea. Prolly some whale selling his bags or it’s prolly another shake out before it goes back to trending up. But I’m pretty sure the bull market not over.

People should stop comparing the market performance today and 2017, it's a totally different ball game now, back then we have no big institutions investing and in fact they are against Cryptocurrency, the mining rewards is much lesser now, because of the halving, the number of people investing in the market is now is huge compared three years ago

The Price Action that resulted to the massive dumping in the price of Bitcoin in 2017 is quite different from the present one, thus there is no cause for any dumping alarm, based on the analysis by the OP the price that resulted to the present ATH has been forming a higher low - higher high -higher low thus trending upward in a regular pattern unlike that of the 2017, I believed various institutional adoption of Bitcoin was responsible for the pattern.

STT

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We are all not panicking, go us. I think 59k near term for intra day movements but 55k for daily and beyond as this would mark a break in higher lows. If we are no long ascending it would normally be a process of altering that base line gain not just pullback from the froth top prices which are not so important or structurally to gains imo.
I guess it wont so simple exactly but just observe the 50 day average and how we place vs that would be something to note, its matched the lows YTD similarly

tokeweed

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I can’t figure out if the thread is still alive cos nobody panics or cos a lot of us are really getting a bit anxious inside. Lol.

Anyway, just be on the look out for these support levels marked by the red bars in the chart. These are made up by me only but really obvious. TA and charting really aren’t exactly a science anyway.

michellee

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Quote from: BuNga_cute on April 08, 2021, 07:20:28 AM

I understand that we have to experience panic for ourselves, from this panic experience we can learn a lot. As you said, we better panic at
the beginning than panic later, but the problem is most people when Bitcoin is not deep in correction, they will not panic, and when the price
drops far enough he usually starts to panic and sell his Bitcoin. That is what ultimately caused many people to experience large losses, this can
be overcome by placing stop-losses, in order to prevent panic selling from happening.

To avoid panic, we need to have control so when the correction price comes, we can see if that correction will still going on or it is just for a while. Most people can not learn to manage their emotions when the correction occurs and people tend to sell their coins without thinking much about that. Even if you place stop-loss, you will not have a chance to see when to buy back if you can not control yourself.

Silberman

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Quote from: arwin100 on April 08, 2021, 07:30:00 AM

Those are the people who newly join the game and I can't blame them to get panic since they don't have a risk management risk that's why majority tend to dump their coins when they see correction coming up. If they just read the news and understand it provably they will not go panic and get out the losing thinking on their minds.

So that's why its recommended to not be so greedy and spend small amount if you don't know on what you are doing.

This is doubtful, many people have strategies when it comes to trading the markets but when they panic they forget everything they tried to implement in the markets and they take decisions based on their emotions, something that when it comes to the markets is an awful mistake, people cannot control when they panic and whales are experts at trying to make people panic with their movements, they do not even have to sell since there are bots that watch addresses with lots of coins and they just need to move their coins to exchanges to produce a small correction as everyone gets worried about the whale selling their coins.

slaman29

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Quote from: BuNga_cute on April 08, 2021, 07:20:28 AM

I understand that we have to experience panic for ourselves, from this panic experience we can learn a lot. As you said, we better panic at
the beginning than panic later, but the problem is most people when Bitcoin is not deep in correction, they will not panic, and when the price
drops far enough he usually starts to panic and sell his Bitcoin. That is what ultimately caused many people to experience large losses, this can
be overcome by placing stop-losses, in order to prevent panic selling from happening.

That's not a problem. Panicking at a point when you don't lose too much doesn't really make you learn any lessons. But if they constantly let go at small losses many times, the losses can really add up. Then the experience tells them they should have held on anyway.

I personally think no one except the luckiest few will ever go through trading life without a painful loss or a painful series of losses. Either way, it serves the purpose. Now let's all just hodl and wait eh?

doomloop

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Quote from: rhodelmabanal on April 08, 2021, 05:46:37 AM

I agree on that many people is really easily get panic specially when the price will down. Well we cannot help them if they get panic maybe they invested a big amount in crypto, that is why we need to control our self and invest an amount that we an afford to lose to make our asset safe and we can also avoid panicking, crypto is high on volatility but some people still invest on it and used a big amount of money to make a big profit.

People do not learn "not to panic" the more they panic, like let's say you have seen bitcoin go down few times and each time you panic sold all your investments and got out and then it recovered so you see that you shouldn't have panic sold your coins, that doesn't mean that next time it happens you won't panic and sell all your coins, you could do that 10 times in a row and still do that on 11th time.

I believe it is a characteristic thing, I know people who hold bitcoin when it dropped from 20k to 3k and even bought more during that period and increased their bitcoin holding, I remember someone actually buying Nano from 30+ dollars and still hold today, dude bought so much during the same period that he finally made a profit recently. So, there are people who can hold even on the first time it happens and there are people who panic sell 20+ times so it is a characteristic thing if you ask me.

arwin100

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Quote from: rhodelmabanal on April 08, 2021, 05:46:37 AM

Quote from: Silberman on April 07, 2021, 09:24:57 PM

Quote from: slaman29 on April 07, 2021, 07:03:46 AM

Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

That is the kind of thinking that works in many industries and in many aspects of our lives but it doesn't really work well in trading, why is that you may ask? And that is because you only need to lose control of your emotions once in order for you to lose such a massive amount of money that it becomes almost impossible for you to recover from such loss, so you should do everything in your power to avoid panicking and selling for a loss.

I agree on that many people is really easily get panic specially when the price will down. Well we cannot help them if they get panic maybe they invested a big amount in crypto, that is why we need to control our self and invest an amount that we an afford to lose to make our asset safe and we can also avoid panicking, crypto is high on volatility but some people still invest on it and used a big amount of money to make a big profit.

Those are the people who newly join the game and I can't blame them to get panic since they don't have a risk management risk that's why majority tend to dump their coins when they see correction coming up. If they just read the news and understand it provably they will not go panic and get out the losing thinking on their minds.

So that's why its recommended to not be so greedy and spend small amount if you don't know on what you are doing.

BuNga_cute

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Quote from: slaman29 on April 08, 2021, 05:45:24 AM

Quote from: BuNga_cute on April 07, 2021, 08:04:20 AM

Everyone has experienced panic, and that's a natural thing that happens to all investors. So if we panic and make mistakes are common things
that are sure to happen to anyone, even large investors have experienced it. The most important thing is that we learn from every mistake that
makes us panic, so that in the future we can control ourselves so as not to panic. As you said, sometimes we do have to panic when investing or
trading. In order to understand how to solve it.

I was talking about the need to experience it yourself, otherwise you never learn it. And no amount of teaching and reading about other people's mistakes and panicking can change that for you. So it's probably better to experience it sooner and now, rather than later on when there could be a lot more to lose.

Panicking now and selling at 50k? Better than panicking later and selling at 30k instead of using it as a dip opportunity;)

I understand that we have to experience panic for ourselves, from this panic experience we can learn a lot. As you said, we better panic at
the beginning than panic later, but the problem is most people when Bitcoin is not deep in correction, they will not panic, and when the price
drops far enough he usually starts to panic and sell his Bitcoin. That is what ultimately caused many people to experience large losses, this can
be overcome by placing stop-losses, in order to prevent panic selling from happening.

rhodelmabanal

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Quote from: Silberman on April 07, 2021, 09:24:57 PM

Quote from: slaman29 on April 07, 2021, 07:03:46 AM

Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

That is the kind of thinking that works in many industries and in many aspects of our lives but it doesn't really work well in trading, why is that you may ask? And that is because you only need to lose control of your emotions once in order for you to lose such a massive amount of money that it becomes almost impossible for you to recover from such loss, so you should do everything in your power to avoid panicking and selling for a loss.

I agree on that many people is really easily get panic specially when the price will down. Well we cannot help them if they get panic maybe they invested a big amount in crypto, that is why we need to control our self and invest an amount that we an afford to lose to make our asset safe and we can also avoid panicking, crypto is high on volatility but some people still invest on it and used a big amount of money to make a big profit.

slaman29

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Quote from: BuNga_cute on April 07, 2021, 08:04:20 AM

Everyone has experienced panic, and that's a natural thing that happens to all investors. So if we panic and make mistakes are common things
that are sure to happen to anyone, even large investors have experienced it. The most important thing is that we learn from every mistake that
makes us panic, so that in the future we can control ourselves so as not to panic. As you said, sometimes we do have to panic when investing or
trading. In order to understand how to solve it.

I was talking about the need to experience it yourself, otherwise you never learn it. And no amount of teaching and reading about other people's mistakes and panicking can change that for you. So it's probably better to experience it sooner and now, rather than later on when there could be a lot more to lose.

Panicking now and selling at 50k? Better than panicking later and selling at 30k instead of using it as a dip opportunity;)

Silberman

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Quote from: slaman29 on April 07, 2021, 07:03:46 AM

Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

That is the kind of thinking that works in many industries and in many aspects of our lives but it doesn't really work well in trading, why is that you may ask? And that is because you only need to lose control of your emotions once in order for you to lose such a massive amount of money that it becomes almost impossible for you to recover from such loss, so you should do everything in your power to avoid panicking and selling for a loss.

bbc.reporter

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@Baofeng. There were only a very few altcoins that pumped when the small dump occurred on bitcoin. However, agreed! It does not appear to be the time of the bear pouncing on the market but we have to be always ready for this. This implies begin reducing trades with leverage hehe.

Baofeng

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Quote from: ?? on ??

Today is another day where many people will panic sell and cry later. The bitcoin price is dumping but it is still above 55K. As long as price is above 50K, there is no need to panic. Whales are making the weak hands sell so that they can buy some cheap bitcoins and then drive the price to 85,000$.

I was about to post here since the price of bitcoin goes down to $55k very quick because I read that there are huge amounts that's been liquidated, so for sure there are weak hands that sold again. We also need to look at how the altcoin is pumping now, so that's another indication that investors are moving. So we just have to settle down for now and not panic. For sure once the pump is down, we may see another shift of funds to BTC. Give it a couple of days or a week.

stomachgrowls

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Quote from: Fredomago on April 07, 2021, 01:56:36 PM

Quote from: slaman29 on April 07, 2021, 07:03:46 AM

Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

Chances that there's a time that you'll do it, but along the way practice will build you a solid determination which you can use
in the long process.

For now, if you made mistake then just move forward and let it go, make sure to understand that you are into
this kind of business, and earning lessons from each time you take your call will give you much confidence and
trust with your own assessment.

You wont really able to mold up yourself if you dont experience such unfortunate events and its part of the learning process and at the same time you do really gain up
knowledge and experience on the things you're dealing with.

Thing here is that you shouldnt rush up because that will eventually create mistakes than on making the right thing.Price now on bitcoin is really decreasing but only a few hundreds which
i dont see for that a major movement but there are people who do have those kind of thoughts of crash when they do see these common events.

Panic is common because we are just humans but you shouldnt really tolerate that behavior.

Fredomago

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Quote from: slaman29 on April 07, 2021, 07:03:46 AM

Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

Chances that there's a time that you'll do it, but along the way practice will build you a solid determination which you can use
in the long process.

For now, if you made mistake then just move forward and let it go, make sure to understand that you are into
this kind of business, and earning lessons from each time you take your call will give you much confidence and
trust with your own assessment.

BuNga_cute

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Quote from: slaman29 on April 07, 2021, 07:03:46 AM

Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

Everyone has experienced panic, and that's a natural thing that happens to all investors. So if we panic and make mistakes are common things
that are sure to happen to anyone, even large investors have experienced it. The most important thing is that we learn from every mistake that
makes us panic, so that in the future we can control ourselves so as not to panic. As you said, sometimes we do have to panic when investing or
trading. In order to understand how to solve it.

slaman29

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Quote from: bitzizzix on April 07, 2021, 03:05:48 AM

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

Well I have to say though, if you don't panic now, you panic later. Better to just get it out of your system once and for all. Arrange for a purge, lost money and then you can look back and truly say: well looks like I learnt my lesson;)

Thing about all these mistakes in trading, and crypto. You don't experience it, you never get it.

bitzizzix

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Quote from: LogitechMouse on April 07, 2021, 02:08:47 AM

Quote from: sunsilk on March 27, 2021, 01:03:58 PM

Quote from: pilosopotasyo on March 24, 2021, 08:24:41 PM

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

This thread and the future threads that will come up will be for the people who are panicking more often whenever they see the price of the coins they are holding going down. Of course there are nothing wrong when you are selling because we have many reason why we are selling. What's wrong is when the people are panicking therefore, they are selling at a loss which is a bad thing to do unless you have reason to do it since there is a thing called stop-loss

.

For us long term people, no need to panic because we know and we believe that Bitcoin will be above of the current price within the next years. Lets just be patient, accumulate more and be happy with the profits that we have. Panic?? What is that?? I'm not panicking at all Cheesy

.

Panic will be a lesson for them and over time they will think the long term is the right choice to get more satisfying benefits, and usually panic often occurs in beginners.
I never panic because I always do it in the long run, and there is no denying that everyone has different circumstances, and there are also those who expect quick returns with reasons to meet their needs.

LogitechMouse

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Quote from: sunsilk on March 27, 2021, 01:03:58 PM

Quote from: pilosopotasyo on March 24, 2021, 08:24:41 PM

You can go on the 100th chapter about a don't panic thread, but you can't stop people from selling, they are selling for many reasons, they are selling for profit, or because they need money badly or they want to experiment on a new coin, just glad that we have many buyers than sellers and hopefully it will stay the whole year.

And for long term people, they don't have to panic but some are really cutting it down before they wholly see a huge loss from their potential profits. Although most are probably in profit already, they just don't want to cut what should be for them.

Congratulations for those who didn't panicked. We're again @ $56k. With that just few hours of waiting, it has recovered as the usual thing that bitcoin shows us.

This thread and the future threads that will come up will be for the people who are panicking more often whenever they see the price of the coins they are holding going down. Of course there are nothing wrong when you are selling because we have many reason why we are selling. What's wrong is when the people are panicking therefore, they are selling at a loss which is a bad thing to do unless you have reason to do it since there is a thing called stop-loss

.

For us long term people, no need to panic because we know and we believe that Bitcoin will be above of the current price within the next years. Lets just be patient, accumulate more and be happy with the profits that we have. Panic?? What is that?? I'm not panicking at all Cheesy

.

Topic: Don’t Panic IV (Read 605 times)