How do I stop panic selling cryptocurrency? - page 28.

cryptowonders@20

newbie

Activity: 142

Merit: 0

Quote from: bocyaj on May 05, 2018, 06:34:43 AM

You have right to sell your asset.I suggest the people to sell bitcoin when they need money on Emergency situation.Or else just hold your bitcoin for your future. If you want to sell for any expenses,sell at green chart.When the price on bitcoin on the red chart,don't sell at panic.Just hold your bitcoin,you will get more in future.

perfectly right, for a coin that has a great potentials like BTC, ETH DSH, etc we are not meant to rush and sell mostly the market is on GREEN. All less we have something urgently that hook or hold us down before selling out.

bocyaj

sr. member

Activity: 1313

Merit: 302

You have right to sell your asset.I suggest the people to sell bitcoin when they need money on Emergency situation.Or else just hold your bitcoin for your future. If you want to sell for any expenses,sell at green chart.When the price on bitcoin on the red chart,don't sell at panic.Just hold your bitcoin,you will get more in future.

cryptolord5

newbie

Activity: 159

Merit: 0

most are time people just panic for nothing, i think people have to settle and study system before trading.
although sometimes holding is not good because there are some tokens which i have hold till today but the price have drastically dropped no sign (increment) to come up. i think holding is not that much better.

now let me say something that will surprise you.
in terms of holding of coin or token you need to considers something over there before holding your token.
1. you looking at the utility of that token which you are holding?
2. price at the initial?
3. the economic factors?
4. the team managers or member( have they partook of subsequent project and the project succeed?)
5. Are they working what is their roadmap?
6. Who are they in partner with?

this are basic factors that will make you to hold your token or partake on a project whereas investing in a project.

LogitechMouse

legendary

Activity: 2520

Merit: 1040

Catalog Websites

There are 2 factors in order for you not to be panic when you see the red candles on the coin you are holding.

1. Discipline - you need to have discipline in order for your money not to be lost. Discipline yourself so that in the end, you will gain some profits.

2. Patience - this is one of the most important attitude you need to have especially if you are a long time holder. We know that cryptocurrencies are very volatile and this volatility is testing our patience in holding. If you are a hodler, you must have patience in order for you to double or even triple your money. In my experience, the one who are patient are the ones who become rich in the long run.

crossabdd

legendary

Activity: 1316

Merit: 1145

Quote from: EditorK on May 05, 2018, 03:49:54 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.

Your threads are a great idea. but not all crypto traders can do that. I believe most traders are having a pump group. The main thing is altcoin, when they get the news, the participants will buy quickly. but those who are late must be sad, because of the price of dump. and I believe it is the admin of the group that keeps the price down. elsewhere, those who can't hold are not understood for market fluctuations. I think it is a beginner.

Red-Apple

hero member

Activity: 1470

Merit: 655

why would you want to stop panic selling, 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.
at times when the real corrections are done and price has already reached the bottom the traders always wish for a little better prices to buy so that they can make a better profit. panic sellers here are a godsend.

boblets243

newbie

Activity: 112

Merit: 0

Quote from: EditorK on May 05, 2018, 03:49:54 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.

We can't control everybody who owned crypto. Everyone knows that crypto is highly volatile but I think those who are new to this business aren't aware the degree of volatility. So there is a tendency of panic. Thus, it is important that people who will engage in crypto to be fully aware of the risks.

Tipsters

sr. member

Activity: 630

Merit: 251

Quote from: EditorK on May 05, 2018, 03:49:54 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.

I have heard of no one becoming successful at day trading. This is a very hard task to do if a person is vulnerable to panic attacks. However, it is true that the answer lies in the panic itself. Panic selling gives no reward and no success for those people who does it. But, it is excusable for me to dump if your assets are ERC20 tokens. It is because these types of coins are not good for holding and it is better to sell them right away. Anyway, the most common mistakes of people is panic selling while their assets are in bitcoin. Better avoid this type of mistake.

etin06

member

Activity: 285

Merit: 11

quarkchain.io

Quote from: EditorK on May 05, 2018, 03:49:54 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.

You can stop panic selling by doing the following:
1. Believe in crypto currency
2. Don't buy pump, always buy at the support level that way ur mind will be at rest
3. Be a long term trader.

adpinbr

sr. member

Activity: 1078

Merit: 254

My current strategy is that I hold my bitcoin and I dont look at my mobile wallet. It actually helps because it is less worrisome because there are times that you are worried because the price decreases and then it will unanimously increases.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Panic selling happens, because people don't really believe in the coin fundamentals.

You're playing with the crowd momentum and not directly off of your own profit margins and individual ideas.

1. Invest only what you can afford to lose
2. Selling to lock in a profit is smart.
3. Patience is the Key ingredient, think in years as your profit goals.
4. Reevaluate your decisions based off of technical changes not because of Market Changes (That should be irreverent except for profit taking.)
5. Decide your Profit Margin, 1.5X,2X or 100X original investment , higher the # the longer your hold time.

If you can look at the market data and not become emotional, that is best.
But if you are emotional type, after choosing a coin you believe in only look at it on a yearly or biyearly basis to reevaluate the coin's fundamentals.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

it is pretty simple. if you find yourself panic selling too often then you have to start rethinking your first decision which was starting to trade. maybe you have to stop trading then because it is not meant for you. come back to trading when you learned how it works specially if your answer to a "panic sell" is to "hold" because it is the wrong answer my friend.

when trading "panic sell" and "hold" are both the two extreme side of the same coin. you should run from one to another.

LanzCoinPress1994

jr. member

Activity: 112

Merit: 1

Emotional decisions lead traders to losses. Especially, in Crypto world, nobody can predict the market at an exact point. According to my knowledge, there were two main reasons that influence to " Panic Selling ".

First thing is that lack of knowledge and trust about the project which they already investing.Some of them buying coins only watching Youtube videos and rely on others opinions. Without doing own research nobody won't able to make concrete decisions about himself. Everyone should able to trust their decisions.
Second thing is that stay patient.Crypto Market has high volatility.Always Downtrend and Uptrends have occurred.If you entered at the peak point of a market then you should able to wait until it reaches to pass that peak value. It may take several months.It is worth instead of losing money.

Personally, I believe to overcome panic Selling, We should take sold decisions and stay patient.For Example, the market journey of Bitcoin.

Thanks

oceantiger

jr. member

Activity: 308

Merit: 8

Your emotion is the one playing on you. If you can control your emotion and be patient then you can curtail panic selling. Cryptocurrency market is a speculative one which rely mostly on market sentiments. so filter the news you hear before you act.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: EditorK on May 05, 2018, 03:49:54 AM

what is the point in selling at low?
One must wait for the market to turn green and bullish.

there are two different things that should not be confused with each other.
1. selling at a loss (lower than you bought).
this is a very good move and every trader should make this move. the market is unpredictable and sometimes we make mistakes so we should correct these mistakes by stop loss and things like that.

2. panic selling.
this is when the newbies see the mistake they have made and see the drop but they don't sell. they wait instead. and when price reached the bottom and there were no more drops but there were a lot of FUD they start selling then. this is the wrong thing that should be avoided.

paulo29

newbie

Activity: 147

Merit: 0

Its true that price of all cryptocurrencies are falling and no one know when this prices will increase and will become stable. This is the risk of all form of investment, nobody knowns when the value will increase or decrease so patience is virtue that you need to practice at this moment. I guess it is better to hold your cryptocurrencies and wait, if you have more extra fiat money it is also better and wiser to buy more of it and wait until it rises again for your own good opportunities in future. Another thing, all your earned bitcoin needed to be safe and theres so many ways to safeguard whatever assets you have, read some articles, watch videos and even ask people who are into this trading. Remember, bitcoin is very volatile and its value or price is cannot be predicted or it is undermined, but you can analyze its trends and works to lessen somehow the possibilities of losing,and to earn more profit to your investment.So stop panicking, hold your coins and wait until its price roars again.

Labajah

newbie

Activity: 130

Merit: 0

Quote from: EditorK on May 05, 2018, 03:49:54 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.

we cannot stop people from selling their bitcoin. maybe they are in need of money of they are panicking. after all, it is their decision. whether they profit or not, it is their money. not ours. they know what they are doing.

2@abcdeeply

newbie

Activity: 140

Merit: 0

If you do not want to panic the money I advise you not to join the Crypto market. They are risky markets, Crypto markets are not for the faint of heart, for fear and for impatience.

Brennus101

jr. member

Activity: 32

Merit: 4

Make sure never to have more invested in crypto than you are prepared to lose. Then there is no reason to panic if the price drops.

Dingdongjl

member

Activity: 196

Merit: 10

LMFAO, No one can stop it even Satoshi Nakamoto.

You cant control all BTC holder in the world if they want to sell there is nothing you can do with it.

The only thing we can help here is to spread the good's of BTC and or Cryptocurrency and keep on supporting to keep the price bump and can also help to fight the dips.

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