Topic: How do I stop panic selling cryptocurrency? - page 17. (Read 2183 times)
Dont look on the price, lol! Just try to set goals, like - I would buy at this price, or I will sell this price. It helps me sometimes on.
how to?
well start it with yourself.
Everything will be perfect and good once panic is not in anyones mind.
FUD and panic of holders are the real reason why we are having a fall or bearish time.
well start it with yourself.
Everything will be perfect and good once panic is not in anyones mind.
FUD and panic of holders are the real reason why we are having a fall or bearish time.
try to play some games
I'm sure playing games will divert your mind from crypto
so you can stop panic selling your crypto
I'm sure playing games will divert your mind from crypto
so you can stop panic selling your crypto
I don't think panic will appear to those people who already know how to manage bitcoin in the proper way. If people educate about bitcoin or deeply understand in cryptocurrecy, they will not panic. Panic selling will comes to the newbie, they eager to earn a profit in wrong time.
I think the first thing you must have before engaging as well as having a participation in such economic activities involving bitcoin is CONTROL.It's necessary to have a better control firstly to yourself so that you could avoid making mistakes like panic selling when bitcoin industry is in a bad shape and always think deeply and evaluate the situation first before making a decision.
I have a different mindset with it. by selling when the price is lower than when I bought it. this is a very good move and every trader should make this move. the market is unpredictable and sometimes we make mistakes.
The question itself is the answer “PANIC”.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says don’t put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says don’t put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Just stay calm what ever the situation is, remember those thing where are you up to do and to finish about. Well, if you break that you will end up having no profit and it will your definitely the worst thing that might happened for you. With this kind of talk, we need to stay calm what ever the reason is, panic has nothing to do with us and it will just destroy our goals and mindset.
the answer is stay cool, stay calm when the price of coin is down and down, and of course don't open your market apps ow web for a while, wait until the panic sell is stop and you can wait for the price recover. deleting the apps is very useful method to make sure that you calm
Panic sell stems from listening to FUDs. It will be more prudent not to engage in listening to FUDs if you think you cannot contain them. They are just all false news with the intention to create panic sell at cheap prices so that the creator of the panic buys. Always have a goal in mind and don't be moved by slight dips in the prices - it is normal for the price of a coin to go down for sometime but try and consider a long term goal.
Even before you decide to start investing into Bitcoins, you should have At least set a goal that you are not going to sell your bitcoins unless you get a specified amount of profits and make sure that you stick to it and also educate yourself about what Bitcoins is and not go listening to the media about their reportage on Bitcoins. Panic sell stems from listening to FUDs. It will be more prudent not to engage in listening to FUDs if you think you cannot contain them. They are just all false news with the intention to create panic sell at cheap prices so that the creator of the panic buys. Always have a goal in mind and don't be moved by slight dips in the prices - it is normal for the price of a coin to go down for sometime but try and consider a long term goal.
Even before you decide to start investing into Bitcoins, you should have At least set a goal that you are not going to sell your bitcoins unless you get a specified amount of profits and make sure that you stick to it and also educate yourself about what Bitcoins is and not go listening to the media about their reportage on Bitcoins.
The aswer is to trust the cryptocurrencies you have invested in. Yes time comes when the cryptocurrency you have invested in has dropped its value but DO NOT PANIC! When its value drops invest! When its value raises, you could either withdraw or hold it. The choice is yours. But remember to study the cryptocurrency you will invest in to prevent loss of money.
I was actually help my mum to invest in bitcoin and taught her how to check price and some basic knowledge of coins for her to know. But she had a very wrong think of investment that shouldn't have which is to buy it when the price is high and not to sell it when it is low. The best way is really to hold the coins because it will rise again although is not in a short period, but patient and the willing to hold the risk is require.
It's funny that you taught your mother to invest in crypto-currencies. I think that there are many such people who do not have much knowledge, and they make purchases without thinking about it or when the price increases.
Panic sell stems from listening to FUDs. It will be more prudent not to engage in listening to FUDs if you think you cannot contain them. They are just all false news with the intention to create panic sell at cheap prices so that the creator of the panic buys. Always have a goal in mind and don't be moved by slight dips in the prices - it is normal for the price of a coin to go down for sometime but try and consider a long term goal.
To stop to be panic selling you need to do anythings that make you busy so you can't think your cryptocoins. I know it is very hard but you need to be strong so you can't easily sold it. Just wait and hold your tokens until the price goes up because if the value goes down its not mean that it will be always like that so hold it in a long term because if the price become higher you can get huge profit of it.
you can learning about technical analysis like supply demand and support resistant, and you need money management of your trading, you need to calculate risk of your balance, and do not use money for your life on trading. so you'll not panic when the price down.
I was actually help my mum to invest in bitcoin and taught her how to check price and some basic knowledge of coins for her to know. But she had a very wrong think of investment that shouldn't have which is to buy it when the price is high and not to sell it when it is low. The best way is really to hold the coins because it will rise again although is not in a short period, but patient and the willing to hold the risk is require.
Well it is really hard to be strong and not panic whenever the market is going down, it is very easy to go crazy and panic about it but then again it is not going to help you do anything good, so have that conscious effort of helping your self to not to give in to panicking. Personally what I do is I avoid checking the BTC price every time, especially when the market is red, I avoid looking at it, monitoring its activity every time makes me more anxious. Another thing, I trained my self to celebrate and believe that when the market is red it is something to celebrate, we can buy more coins for a lower price, more profit in the future.
everyone is panic when market goes down. For me you can stop your panic in the way of just put a trust in your holdings because market dont goes down always there is a day that market goes up.
The question itself is the answer “PANIC”.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says don’t put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Everyone knows cryptocurrency market is highly volatile and risky.
And most of the people do emotional trading.
They sell when it is crashing. And suffer from the loss. They panic and sell in the loss.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
The way to stop the panic is to not engage in panic-inducing activities such as day trading.
It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead.
The doctor says don’t put your arm overhead
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
Well, for me.. I would say panicking won't do you any good, aside from making impulsive decisions, this would only results to poor judgement that would only hasten huge loss instead of a profitable one. I humbly suggest that you sell bitcoin if only necessary. Stop selling and just spend it on what is only needed. Hodl is more important and patience is the right ingredient to have good results in the future. Just Calm it down and think thoroughly first before doing something that you might regret in the future.
Most of the panics will sell their COINS when the coin falls, and we all know that it will only cost more.
I don't think there is any good way to stop people from panicking. Only experience is the best way to overcome them.
I don't think there is any good way to stop people from panicking. Only experience is the best way to overcome them.
Jump to: