Guys avoid panic sell... - page 5. | Bitcointalksearch.org

Pamadar

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Quote from: mace15 on July 15, 2020, 05:42:21 PM

Well, some who are in panic sell is in need of cash during this pandemic and some are newbies in crypto avoiding losing more.

The pandemic affects more investors financially, those who are in need are now cashing out without looking if they're losing
their money, they are in need and whatever it takes they will proceed, while in some
point, there are also traders who are trying to limit their losses by influence of emotions
they are cutting out.

Quote from: mace15 on July 15, 2020, 05:42:21 PM

This is the mistake of panic selling they let their emotions drive in trading. Good to read some inputs from other traders on how to control their emotions and avoid this panic sell.

This is very important to learned while you are travelling to this journey of trading, avoid being moved by your emotions
best to read more and keep learning from others success, practice and keep
yourself aware with every sentiments that might affect your trading position.

mace15

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Well, some who are in panic sell is in need of cash during this pandemic and some are newbies in crypto avoiding losing more. This is the mistake of panic selling they let their emotions drive in trading. Good to read some inputs from other traders on how to control their emotions and avoid this panic sell.

famososMuertos

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Panic is a noun and also an adjective that has intrinsic regardless of its function in a phrase the lack of control, so do not base your actions on information from third parties, look for your own information and trust yourself.

lixer

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Emotions are a big part of trading world, that is why it is important to keep your emotions under control but when it is too much there is really not much you can do about it and just sell. I know that saying " do not panic sell" is easy, but when it comes to actually panic selling I would understand everyone, it is not an easy thing to not do when we are talking about emotions because in everyday regular life we fail with our emotions as well.

We get angry when we shouldn't, we get upset when we shouldn't, there is a common cliché about trying to not laugh at a funeral for example. That is why I think not being able to control your emotions is not that weird and acceptable. Why would you have hard time controlling it in all other aspects of your life but would be easily do it in trading?

LUCKMCFLY

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Panic sales are often the strategy that whales consider, which is why many people will remain weak, news is often the cause of mass sales.

In investment, you must have enough security to resist changes or strong market movements, it does not matter if the investment falls by -10% or even -20%, the important thing is to have the conviction of the initial analysis. In the case of Bitcoin, it is the safe investment in the market.

Janation

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Quote from: Smitty Werben Man Jensen on July 05, 2020, 06:56:34 AM

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell Grin

But I don't think to sell your investments because you are panicking is a good thing.

If you will be selling, I hope that people are doing it with a plan or as a strategy to earn a profit. When you say panic, it is a feeling of a strong fear that makes you do things avoiding what will happen not thinking straight that it might not happen. There are a lot of signs we can look to in able to reduce the risk but still, be patient.

TheGreatPython

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Quote from: XCANA on July 05, 2020, 01:45:31 PM

Quote from: Smitty Werben Man Jensen on July 05, 2020, 06:56:34 AM

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell Grin

Absolutely right, I had sometimes when I was holding some bitcoin and there was a terrible news about the ban of this coin in our country, we'll did panic to the market to make some profit from our holdings. This we'll did and wasn't at lose. During those days, nobody would have thought about bitcoin existence but here we are with bitcoin again. The major and serious panic sell off in the cryptocurrency market is when the indicators start showing a huge downtrend. Even the recent indicators that shows bitcoin sliding down to $7k made many to sell off some few weeks ago that brought bitcoin price down.

Panic selling is not "checking the right indicators and if it looks like it is going down further you get to keep going down even more", no that is actually smart decision making that is calculated in order to make a profit. We are talking about "panic" selling which is when people are selling without taking a look at anything and selling only because they saw the price going down and they got afraid and scared and that is why they sold all of their coins.

Hence, why the word "panic" because when you are in panic you do not consider all those stuff, you just get scared and you end up selling it without thinking about it twice. That is all I was thinking, nothing more and I wouldn't really think about the people who are making calculated and smart decisions when talking about selling.

peter0425

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Quote from: reliable on July 10, 2020, 03:29:04 AM

Quote from: Smitty Werben Man Jensen on July 05, 2020, 06:56:34 AM

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell Grin

This only few people are aware of and we have many traders or investors who just buy the coins as they have seen in past how the prices have risen to 20k levels and how much quickly it can rise.

If we will always look for what happens in 2017 then for sure nothing good will come in our present investing because we will always look for Big profit and won't be contented in smaller income.

Quote from: reliable on July 10, 2020, 03:29:04 AM

So unless this people who do their research and sell that is fine , but just based on someone told them or just because market is correcting a bit they consider that it will fall and it is bubble etc and this leads to more panic selling int he market leading to a much bigger fall in the price.

never be a fool to just listen to anybody here because this is our money and no one will care about this but Us only.

DevilSlayer

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Quote from: Questat on July 10, 2020, 05:33:12 AM

Quote from: Smitty Werben Man Jensen on July 05, 2020, 06:56:34 AM

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell Grin

Selling and buying are the only thing we will do when investing or short term trading, and it should be done at the right timing in order to benefit on your action. Participating in panic selling or panic is always not a good idea, the word "PANIC" makes it negative.

When you panic, you are not thinking clear, and it's not what we need here, we need some consistently and proper decision making.

The reason why there are short term traders who are getting panicked whenever they execute their trade because of lack of planned. They just entering in a trade without cut loss, without target profit or trailing stops. A plan is vital whenever we trade because losses are inevitable. If we can properly make a plan, we can handle different scenarios and we can avoid panicking. When we panic, our decisions are not clear enough and it can lead to make wrong and bad decisions.

Questat

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Quote from: Smitty Werben Man Jensen on July 05, 2020, 06:56:34 AM

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell Grin

Selling and buying are the only thing we will do when investing or short term trading, and it should be done at the right timing in order to benefit on your action. Participating in panic selling or panic is always not a good idea, the word "PANIC" makes it negative.

When you panic, you are not thinking clear, and it's not what we need here, we need some consistently and proper decision making.

reliable

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Quote from: Smitty Werben Man Jensen on July 05, 2020, 06:56:34 AM

It does not matter if people experience panic sell, it is still reasonable, because if the indicator experiences a downtrend, participating in selling is the right thing, but you must know the trading indicators before participating in panic sell Grin

This only few people are aware of and we have many traders or investors who just buy the coins as they have seen in past how the prices have risen to 20k levels and how much quickly it can rise. So unless this people who do their research and sell that is fine , but just based on someone told them or just because market is correcting a bit they consider that it will fall and it is bubble etc and this leads to more panic selling int he market leading to a much bigger fall in the price.

ancafe

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Quote from: jrrsparkles on July 08, 2020, 02:32:11 AM

Whoever sold their bitcoins due to pandemic panic selling are the people who will be regretting their actions for now.Bitcoin recovered to the original state of 10K region very soon and now it becomes very stagnant for months already.Maybe we need some kind of FOMO to spread out to increase it price again.

expect it like that, but it seems like those who have already sold the bitcoin they have at the moment the price of bitcoin is in the $ 10k range have benefited so far. honestly, when the decline occurs, there are two types of people who will be involved in this, namely the people who panic, and also the people who use it. it's just that people who panic more than those who take advantage of the moment.

fullhdpixel

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Quote from: jrrsparkles on July 08, 2020, 02:32:11 AM

Whoever sold their bitcoins due to pandemic panic selling are the people who will be regretting their actions for now.Bitcoin recovered to the original state of 10K region very soon and now it becomes very stagnant for months already.Maybe we need some kind of FOMO to spread out to increase it price again.

But why do you want FOMO to increase the price? I mean the natural growth is the best form of growth unless you stack a good number of coins and want to sell them at a better price just like a lot of altcoins do, they will pump their price so people get crazy and try to buy them and that is how altcoins dump their coins to such people.

Panic selling has existed since trading and while people regret that later but there are times when people are happy too, when BTC went 4k or thereabouts a lot of people sold their coins when BTC was around 7k and dropping at speed so they sold their coins at 7k and bought again at 5k so even panic selling can be good if you are smart enough to understand the market.

Taskford

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Quote from: reliable on July 08, 2020, 12:41:36 AM

Quote from: Sebas.tian on July 05, 2020, 09:33:39 AM

you can't encourage anyone who has a weaker hand for bitcoin, they can't hold for a long-term, so, they will definitely sell their holdings whenever the price of cryptocurrency experience a huge dip. Sometimes, their hands doesn't know how to hold for the raining days. If we'll hold our portfolios who else will then buy from us? And how Will someone make profit from us? It is better to have a weaker hands than none Grin

.

People who does get panic easily is not the place for them to hold the crypto because it is highly volatile and when a sudden fall happens many people start to panic and sell of and this creates more panic unnecessarily in the market and results in more free fall of the market. So advice to such people may at times can work as well that it is the type of market where you can expect the roller coaster ride and does not have to always do the panic selling.

I can't blame people to get panic since its normal reaction for new people when seeing something strange happening with their money and I conclude that all of us came to this point and end up losing on our trade when its on order. But when those people get knowledge about how to trade then provably they can control their emotions and win.

jrrsparkles

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Whoever sold their bitcoins due to pandemic panic selling are the people who will be regretting their actions for now.Bitcoin recovered to the original state of 10K region very soon and now it becomes very stagnant for months already.Maybe we need some kind of FOMO to spread out to increase it price again.

reliable

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Quote from: Sebas.tian on July 05, 2020, 09:33:39 AM

you can't encourage anyone who has a weaker hand for bitcoin, they can't hold for a long-term, so, they will definitely sell their holdings whenever the price of cryptocurrency experience a huge dip. Sometimes, their hands doesn't know how to hold for the raining days. If we'll hold our portfolios who else will then buy from us? And how Will someone make profit from us? It is better to have a weaker hands than none Grin

.

People who does get panic easily is not the place for them to hold the crypto because it is highly volatile and when a sudden fall happens many people start to panic and sell of and this creates more panic unnecessarily in the market and results in more free fall of the market. So advice to such people may at times can work as well that it is the type of market where you can expect the roller coaster ride and does not have to always do the panic selling.

carlisle1

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Quote from: lienfaye on July 07, 2020, 10:16:08 PM

Quote from: ?? on ??

Selling can not be avoided because every time people will definitely sell, regardless of the price that is going on it will not guarantee people will immediately sell or may still hold it and they will continue to buy and sell but the problem is the panic itself, no problem if You sell and buy with a careful calculation even though you sell at a time like this I think it will not be a problem if it is not done in panic.

You can prevent yourself from panic selling if you have other savings to spend and not just relying on your crypto investment.

When you called Investment meaning those are the amount that you don't need for that certain time thats why you afford to let it sit in other area in which you try to make profit so why need to panicked ?

Quote

Investors (who already know the nature of crypto) are used to see the market turning ups and down so they dont panic when the market is declining because it will bounce back again in time.

If you are In crypto and understand what this is?panicking is the last thing you will do instead you will be happy when the value of your currency is falling because there is a chance you can buy more again.

Quote

If you allocate the money you can afford to lose then its not hard seeing the coin slowly losing value since you're prepared for it.

actually being prepared is not the right word to use,instead you trust the currency you bought so instead of expecting the fall you believe it will grow more in time.

lienfaye

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Quote from: ?? on ??

Selling can not be avoided because every time people will definitely sell, regardless of the price that is going on it will not guarantee people will immediately sell or may still hold it and they will continue to buy and sell but the problem is the panic itself, no problem if You sell and buy with a careful calculation even though you sell at a time like this I think it will not be a problem if it is not done in panic.

You can prevent yourself from panic selling if you have other savings to spend and not just relying on your crypto investment. Investors (who already know the nature of crypto) are used to see the market turning ups and down so they dont panic when the market is declining because it will bounce back again in time. If you allocate the money you can afford to lose then its not hard seeing the coin slowly losing value since you're prepared for it.

Bitstar_coin

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Quote from: TheGreatPython on July 05, 2020, 09:29:54 AM

Quote from: Nazmul012 on July 04, 2020, 01:35:55 PM

Panic sell is part & parcel of crypto market. Nobody can stop them. Agreed that Crypto holders should hodl their asset for long & have patient. But if anyone sell their shares due to manage their expenses
during this Coronavirus disease (COVID-19), then that's may okey

Yeah and saying not to panic is easy but someone who has his life savings on the line and he see that his money has shrunken to half by morning anyone would be sweating and selling a part of coins to manage their portfolio and a lot of guys are doing leverage trading and they are just melted by such dips because they do not have the capital to back the pricing and the platform will liquid their coins once the price drops below the leverage value.

I think the best way to avoid panic selling is just make sure you only invest as much as you can afford loosing all in case it really gets low and then when such lows happen just make a small buy at those low prices because I have never seen a drop happening followed by continuous drops so if a drops happens there will be a hike too if even small and gradual.

Yeah, this the best way to avoid anything panic when you are holding btc and the market is dripping down before your very eyes, it is never easy to stay calm during those period of market dump, but if you are not in need of the invested capital, then no need to panic, it is never a wise idea for someone to put their life savings in a market that is so volatile, the market can be up or down at any time, panic selling anytime that happens will have very bad impact on someones health also, hence the need to only invest amount that will not affect us much.

Republikcoin.com

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Quote from: ?? on ??

Selling can not be avoided because every time people will definitely sell, regardless of the price that is going on it will not guarantee people will immediately sell or may still hold it and they will continue to buy and sell but the problem is the panic itself, no problem if You sell and buy with a careful calculation even though you sell at a time like this I think it will not be a problem if it is not done in panic.

we really can't control things like that. but we can give them the awareness that when they hold a coin that is popular or has potential, they don't need to panic about it. it's just that a decrease of a few percents in a short period of time makes us make decisions without consideration. honestly, I've also done it several times. however, when I hold bitcoin or ethereum, I always control myself.

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