How do I stop panic selling cryptocurrency? - page 3.

royale143

member

Activity: 294

Merit: 36

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.

Well, I think the most important factor that you should imbue your deals and ventures is patience. People who tend to panic sale their assets are usually those lack patience. If you have been in the market for a long time, you know by now that this market takes a long time to unfold, and so, it may take a long time for your investments to be realized. And profiting can only be made possible if you would actually see it through and not prematurely stop your investment by selling it, especially during the time when it's not in a good status.

rama666

full member

Activity: 364

Merit: 100

panic selling of cryptocurrency occurs most times as a result of decline in price on high volume. this happens due to some occurrence such as investors having to re-evaluate the stock value or when short term traders cause the stock price to crash thereby causing long term losses. this process creates a room for downliners to initiate long position. do avoid this, you need to understand the trade psychology. understand the reason/rational behind the crash in price of the stock market.

vishudda

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Activity: 406

Merit: 10

Many of the new traders fall under FOMO (Fear of Missing out) and sell their coins By thinking that, if they don’t sell now they dont get profit again as soon as the price fall a bit low than their purchased price. It is Human tendency when we see something New for the first time. But if you understand your coin, and the project You can HODL and control your emotion of selling.

Karmakid

sr. member

Activity: 742

Merit: 397

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.

Try to avoid panicking because it won't help you make wise decisions in trading. Always trust in your instict and to be more sure of it, always choose to invest and hold the best tokens. Try reading the platform of the tokens that you are holding upon joining so that you'll have an idea about it.

RoftheN

full member

Activity: 546

Merit: 100

The first rule to prevent yourself from panic selling is by not checking the prices of your crypto currencies constantly. Many people keep on checking the prices continuously and they end up panic selling when they see a sharp drop in price. Which they end up regretting later on when the markets recover.

francedeni

full member

Activity: 560

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This is the common happen when price suddenly dump others thinks of selling right away their coins to cut loses. To be able to stop panic selling better think of the future of your coins. Invest only on the profitable project like in bitcoin when you hold it price may increase.

alvinmtp

hero member

Activity: 658

Merit: 505

Panic is one of the common diseases suffered by bitcoin holders for fear of losses in the can. Maybe if you study bitcoin further I'm sure you will not get too freaked out because you've started to understand about bitcoin. And you also have to know the risks if you invest in bitcoin because it will always make you panic.

Salesman4coinZ

full member

Activity: 336

Merit: 102

I think everybody who got new in to cryptocurrencies and trading has this problem. The panic sells when the price i dumping. SO the first tipp is, do not look at the charts the whole time. One other tipp i can give is, dont store your coins on the exchanges. Send them to the wallet, so you cant sell it immidiately when you get in panic!

amitkumratra

jr. member

Activity: 672

Merit: 1

Moderator

Panic is normal thing, when everyone sees them-self in loss. But i think that is not a time to Panic, rather this is the time to stable himself because when we are in panic mood we take bad decision of sell our coins and in near future we regrets for it.
Always remember that, if there is downfall then after some time rising situation will also came. So always wait till the situation improves and definitely at that time you will get good profit of your coins or investment.

Abu Shadow

member

Activity: 238

Merit: 10

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.

For being a newbie you should not in hurry to invest or trade crypto without a proper knowledge about it's volatility. you need to wait for the best time, no one is late in investing crypto as investing can do everyday with a proper knowledge and experience. If you have knowledge you are far to panic in every situation as you know the proper remedy.

Mak7im4ik7

newbie

Activity: 126

Merit: 0

Most people who are not familiar with crypto-currencies do this mainly because they are afraid of losing more profit, because they bought at a very high price, and when a correction occurs, they are simply sold because they are afraid of losing. I recommend opening the orders in small parts of the deposit and using stop loss

JRoa

full member

Activity: 528

Merit: 100

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 improving your self esteem. Always have courage to face all of the risks because facing risks can improve you. Do not afraid to fail because failing is part of becoming successful person. It is normal to fail sometimes, just do your best to overcome different trials. It is true that trading is difficult job but I am sure that it will be easy for us if we fully understand how trading works.

natsu01

member

Activity: 392

Merit: 21

Stop on always monitoring the prices of your altcoins in crypto exchanges so that you will not be admitted to sell your holding when you see it that it has already increase.

Savemore

sr. member

Activity: 952

Merit: 274

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.

The main reason why you are panicking is because you are thinking negative! You do not have self confidence! You should always think positive for you to not panic and make better decisions.

thirdkiller

full member

Activity: 301

Merit: 100

Obviousy, all investors get excited when it's value went up in December, and despite the decline we are experiencing today there is no reasons for crying.

Maddinson100

full member

Activity: 363

Merit: 101

Quote from: thirdkiller on May 18, 2018, 07:37:17 AM

I am pretty sure that the ones who panic sell most of time are the new participant of the cryptocurrency market because they have not gotten to the point when they lost and they are trying to avoid it even if panic selling would not make things work.

The few golden rules of crypto business are that you must stay optimistic and must have passion about your ideas and must stay patient in case there is crash in the market. You should not panic when the value of your portfolio falls or in the devaluation time because these are just the market phases and the market tends to move from disequilibrium to equilibrium. Furthermore, holding your coins in such time helps you earn more in future because a crash is normally followed by the rise in the market prices of the coins.

Allura74

full member

Activity: 546

Merit: 100

Quote from: Chooroz on May 22, 2018, 07:16:30 PM

Quote from: Jombrangs on May 21, 2018, 02:04:59 PM

To stop panic selling in cryptocurrency you should stop over thinking about the negative thoughts about what is happening now, just think what tactics you will do, to survive in this.

You can stop panic selling here in cryptoworld by just trusting the market and off course trusting the coins you are holding is really imporant also, because if you trust your coins even the value of it will dump you will still hold it and wait to became high before you sell it.

Panic selling is for the people who are new to crypto world and easily affected by FUD's and mass media negative publication, to stop panic then we should have follow our coin holdings background and its road map. Most of all it is good to have a plan for risk assessment.

tatum506

member

Activity: 311

Merit: 10

Thats a personal or individual decision one has to make. There is nothing much you can do about it if you cannot make up your mind not to sales, You have to closely consider the kind of coin you are investing in, so that you re sure of its quality, and that you can hold it as long as possible no matter the circumstances. Nobody can blame you from panicking dear friend. After all it's your investment that you were protecting

alibaba93

member

Activity: 294

Merit: 10

Most people in cryptocurrency are newbies who don't have years of experience in bitcoin so when they saw that the price is falling down, they sell their coins even though they don't have profits for it. They just too afraid that they will lose all their investment money. Knowledge to me is the best combatant and our best bet for us to be able to hold off panic and use our rational heads in being able to do what is needed of us

gerald246kru

member

Activity: 294

Merit: 10

Quote from: christofyler on May 13, 2018, 05:29:40 PM

Starter in market will surely panic when selling or buying because they will wonder what will the outcome be but people who have been in the system for a very long time will understand and will only panic a little. As we all know holding a coin for a profit may letter end up in lost and selling a coin for not losing may also end up losing a lot of profit.... So the main fact is to bear the risk and understand how the system works.

That's a good idea though, it's always been easy to say not to sell bitcoins when the price of low, that this hapoens naturally, that we have to wait until the price goes high.To stop them is to stop those people that are hating in bitcoins but that is impossible because there will always be one that will hate and say a lot of negative things to bitcoins that can brainwash those new comers

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