Topic: How do I stop panic selling cryptocurrency? - page 21. (Read 2195 times)
Basic rule but not literally, learn how to predict with numbers and data. A lot of people who are good in trading are not just looking at charts and graphs, they look at other aspects that affects the bitcoin market itself. That’s how they predict well, they’re not just looking to couns and the flow or the growth, but also outside of the box.
I think that there are only two ways to avoid the feeling of panic. On is to have already gathered a lot of experience with crypto currencies. Then you know that the charts can go down, but they have always come back in the past. This way you can look back at personal experience, and that is something that keeps people calm. And the other way is not to look at the charts after investing. If you do not know a panic selling is happening, you can not participate.
What happening right now with bitcoin causes panic and worries to all some users, traders,holders, enthusiast and even myself. But somebody tells "why worry"? All of this happening is normal to every form of invest even in fiat money. This is normal, all forms of investment has a risk factors involve simply because it is very volatile and no one knows what the price value in the future. Anoher thing, bitcoin is the father of crypto currencies and most of the digital currencies depends on it. However, if you are decided to sell your bitcoin, well that is your decision, but i suggest not to withdraw all your bitcoin, try to maintain few of it so that if the price increases again you will not be feel sorry for it.
You should and you must at all cost to avoid making the situation even more worse. Once a person is selling his/her crypto assets like bitcoin, then bitcoin's market price also falls down because the basically the demand of the people is getting low.
anybody who does that is doing the rest of the market a kindness because they are giving them the big discount that they were hoping for.
Forced selling or irrational crowd type moves like sheep is a kind of weakness in the price. A weak price is like thin ice, yes it allows movement down but also we can move back up considerably faster then hard resistance scenarios.
This is ideal for the proverbial whale looking to turn a good profit and make a splash on an exchange order book. Its something they look for and I agree at the end of negative trends there will be this kind of failure of logic where people just lose their nerve.
I would suggest use of crypto is best to avoid selling, so dont just hold it like a lottery ticket. I really dont agree with approach especially if its money you actually needed to pay bills, thats just too worrying.
BTC can utilised in businesses that regularly transact and need the free float of coins to help their business stay liquid. Sure there is some added risk but alot of business like gambling related BTC is fairly time proven to turn a decent revenue and profit
markets are very risky so, once you invested in crypto you are ready to lose your money. you need to be patient because if you dont! you really lose your money. hold while the price is down and stop panic selling because you just making your self a loser.
Mostly those who are selling their bitcoin instantly when the price drop little those are kids who don't have trust on bitcoin think of it if you had bitcoin in your wallet why you should worry about the price if the price of the bitcoin will decrease or increase it doesn't really matter as long as you have bitcoin no matter what will be the market should be hold your bitcoin trust it and you will be successful unless you have already experience about balancing the market to buy and selling.
I think its hard to stop people from panic selling. And i think they just don't want to lose their money. And we cannot control their emotions when a big drop will happen.
When we first invest in cryptocurrency then the most important thing we have to do is to make the target, when the target has not been achieved then do not ever make another plan and always focus with the main goal of profit.
I agree that hold is the best and safest strategy on the cryptocurrency market. I always follow this strategy myself. That's why I never panic. I know that in the long run the price of bitcoin will increase.
I, myself have fallen victim to my emotions as well and have seen many people lose money because of panic selling. There is no any common advice that will help to anyone, only the experience((
Because the more effort you need to put to do some action the less you ou want to do it. So these are some simple ways that are hope will help you.
If to avoid panic I often sell assets as soon as possible when there is an increase although the benefits can not be maximized but able to anticipate the occurrence of losses and make me still happy when investing until whenever.
Very easy. Just uninstall blockfolio from your phone and stop checking prices 
The number one strategy for my portfolio growth has been hodling.
The number one strategy for my portfolio growth has been hodling.
The main reason of panic selling is the lack of knowledge and experience. Newcomers usually do this, without proper research and knowledge with the product, definitely nothing good will come. Know your product or project first, jumping in to something you don't know will just it more riskier that it was right now. Just learn how the market works and be wise.
What is the point in selling at low?
One must wait for the market to turn green and bullish.
Well. For example, some people bought Bitcoin on the high levels, when its price was 20000$. After that the crypto exchange markets were dumped drastically, and BTC didn't still return to this value during several month. Therefore you better to sell your coins in order to reduce the losses. It is not a panic selling, because can be considered a forced selling.One must wait for the market to turn green and bullish.
If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.
I don't like the HODL tactics. You better to trade your coins, but not very often. Only you are responsible for your own financial decisions.
If the need for the funds is quite urgent, do sell. But if not, try to control your emotions. Things are just about to get better.
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.
many investors are panicked because they may only see the price and value of the day or month, see the price charts per year I think bitcoin has a good and profitable price increase for its investors, confidence, trust and patience for a profitable long-term investment 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.
to stop panick selling of cryptocurrency is, you have to know the movement of crypt and stop listening to non reliable news because their a lot fake news that you will hear.Read legit articles so won't get and involve in panic selling
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.
Day trading can reduce your risk and panic selling. For example if you are holding an asset for long term there is a higher probability of needing the investment fund for any expenses you have. Day trading give you the advantage of flexibility of your fund. The best solution is only invest in your extra fund.
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