How do I stop panic selling cryptocurrency? - page 26.

dimonstration

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Dimon69

Quote from: Hazir on May 05, 2018, 11:28:52 AM

Quote from: EditorK on May 05, 2018, 02:49:54 AM

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.

That is basically what you need to do all the time when the price is dropping, the market is correcting and all indicators are red.
The basic problem with holding at the low price is the fact that we have no idea if we reached the bottom already or not.
Most of the time traders are trying to recover losses by selling low because they are worried that price will gonna go ever lower!

and because of selling immediately you dont get any profit for what best is dont just made a decision that you think and you believe on the coin that you hold for may rise again.

13risingforce

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You should do research first before investing so as not to panic when the price drops. Learn the cycle of the coin and prepare your mental whatever happens so as not to lose much.

Hazir

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★Nitrogensports.eu★

Quote from: EditorK on May 05, 2018, 02:49:54 AM

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.

That is basically what you need to do all the time when the price is dropping, the market is correcting and all indicators are red.
The basic problem with holding at the low price is the fact that we have no idea if we reached the bottom already or not.
Most of the time traders are trying to recover losses by selling low because they are worried that price will gonna go ever lower!

kulitmanggis

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there are many ways to stop the panic that you experience, you can by installing a sell order after that you exit the exchange and wait until your sell order is sold and never to be hooked to sell at cheap price.

JimmieA

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Activity: 396

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You can only get used to this when you face it often. I think there is no way to help you. The volatility is characteristic of the market and you face to face it which is inevitable. When it comes to investing, it is quite stressful for people to just start investing. however, instead of being scared, I think you need clearer, more thoughtful thinking to make the right decisions.

sp01_cardo

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Personal Text: Blockchain with a Purpose

The best solution is always hold. Try to not open for now the market so you have any update for the coin prices so that you can avoid panicking. Seeing your coin always decrease brings you upset that cause you panic selling, theres a time that crypto value fall for a while just wait to price will come back again.

Pejoh Asu

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In investment of course experience is very important, let alone investment cryptocurrency that is purely decentralized so as to make the price like a roller coaster, if we are too easy to panic then we will never mendapetkan big profit and always lose money.

Babyfaceless

full member

Activity: 322

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Its normal to get worried about your investment because you are shelling out money. But don't look at crypto exchanges and the market too often. this way you dont panic when prices dips and pumps. analyze the trend and decide when is the best time to buy or sell.

nyerok

member

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I think that fear and panic is natural and you can overcome the panic that you experience by trying to get out of the exchange and do other activities that can make you a little forget the incident price is down.

cryptolandlords

newbie

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I don't think if there is any possible way of stopping panicking during selling of btc. people sells btc because they are in need of physical cash to settle some family issues personal cases, whereas we meant to hold our btc because better day are coming ahead. some people who doesn't know the market earthics will start-up nowhere started to panic about selling of btc in the market. i think such need to learn more about the trading platform before selling there token to avoid panicking.

Cj29

newbie

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I suggest to you do not focus on one crypto currency. Instead get your self busy like doing a blog or join some bounty or read some whitepaper so you can know which is better invest in the next day

Calligiato

member

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You need to learn TA. 4hours chart on Alts and Btc could stop you panic selling...

fiulpro

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Panic selling have been a problem for quite a long time, not just in bitcoins but anywhere.
Mostly the panic sellers and buyers are new to the market to too little of knowledge.
They tend to get afraid that what would happen if prices fall further or how will they afford to buy new coins if prices go higher.

In the fear they tend to sell their holding at whatever price they see just to prevent a larger loss than what they will through at present. But because they have lacl of knowledge about the market and the coins, they dont tend to know much about the graph and how the market ups and downs function. How a crash doesnt necessarily mean end of a profuct and how every dip doesnt lead to bankruptcy.

saifanik

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At first leaving the idiocy and keeping the head cool.If I/we can do the right thing in proper way.It can't be done by getting excited in this world,it should be kept cool all the time.Keep knowledge and be patience.Only then I stop panic selling crypto-currency.

Julunguul

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Quote from: EditorK on May 05, 2018, 02:49:54 AM

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 Grin

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.

But i think the first step we must do is planning when we're invest at certain coin. we buy it for short or long term. even if we planned for long term but then within 48 hours the price goes as expected. we should stop in there.

Hold might good, but actually most people not patient as they're newbie in trading

Sinecoin

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The though process behind panic selling and panic buying are not unique to crypto investing and they can be found in any market such as the stock market. However, due to the volatility of crypto and the massive ranges at which the prices move, these habits are more apparent in the crypto world. Newbie investors will have to get over these habits and like you said, the need to learn to hodl.

thesmallgod

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the most important thing is that you understand the pros and cons of cryptocurrency trading before starting to trade. crypto market is not like the traditional stock market where price movement is slow. in crypto the price of a coin can double or triple within some hours and that is the reason why many trading platform integrate bot through which you can place order and the order will be executed when the pre-defined price is reached. if you cant take a risk then you can trade crypto simple as A B C.

infested

newbie

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Quote from: EditorK on May 05, 2018, 02:49:54 AM

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 Grin

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.

Best aproach in my opinion:

1. Pick the amount of capital you dont need.
2. Research and choose ~10 quality projects
3. Buy and hold them longterm
4. Don't even look at your portfolio for months.

Its almost certain that these quality picks will rise longterm and if you dont see the ups and downs you wont panic in the short term. So if you dont sell its almost guaranteed you will make some profit stress free.

rodel caling

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Activity: 952

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Quote from: EditorK on May 05, 2018, 02:49:54 AM

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.
(/quote)
emotion is part of human feelings its normal for us, emotion is creating panic from the people didn't know how to control itself, learn how control your emotion to stop panicking. the veterans trader they how control itself during the price is crashing to avoid loses.

What is the point in selling at low?
One must wait for the market to turn green and bullish.
(/quote)
selling at low price is depends of the traders analysis but if had potentially to increase again the price hold it until the price goes uprise again to avoid cut off loses.

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 Grin

(/quote)
in crypto currency people panicking because they listen the fake news to stop panicking do not listen fake news

If you are in need of urgent money than selling is OKAY but for profit, HODL is the best.

i agree with you on that decision selling if need to spent it for the needs in life but if the purpose it to earn profits hold it until the price become expensive.

poletando

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PlayGame.com

some times HODL is not always good, and panic maybe can be good for some moment, we can see that if the bad news come to use about bitcoin it will makes people panic sell with some reason, there are they afraid about the price of bitcoin will going down because of that news, if the news happen the price is going down, its mean that the panic seller is choose the right choices that sell their coin in panic sell moment, and if the news is not happen i think the price wil back to normal which is the holder will happy, so from my statement is sometimes the panic sell is good and hold is not always good

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