Topic: How do I stop panic selling cryptocurrency? - page 6. (Read 2194 times)
Well the first thing that you need to do is stop checking the price of crypto currencies constantly and switch from going all in to daily cost averaging. By daily cost averaging you stop caring about the price and this kills most of the panic out of you. Now you just need to set a target sell price whenever you buy any coin.
To stop panic selling in cryptocurrency the most best things you should do is to simmered down to think clearly what are the best thing that you need to do and observe the situation that you belong too and make a wise decision or action to avoid regrets also.
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.
Yes, leave the market and portfolio app while market is in the bearish trend may help to avoid panic. If we keep watching the price movement, then the chance to make bad decision will be higher.
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.
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 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.
There's nothing wrong with Panic selling as long as it's profitable, even if it's too long in HOLD it'll be a boomerang for ourselves, it could be that the coin we hold will slump steadily in price or you can sell some of your coin to avoid excessive losses 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 avoid pursuit of suggestion.
do what you think to do.
buy low , sell high.
just don't loss.
hold it like a BLACK MAN.
do what you think to do.
buy low , sell high.
just don't loss.
hold it like a BLACK MAN.
On the off chance that you don't have great psychology.you are constantly apprehensive, I figure you ought not take a gander at the cost of bitcoin any longer. When you continually take a gander at the price.this will make you more frightened when the market goes down.
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.
Making investments here in the cryptocyrrency world are risky decision. Many people are keep panicking because they are afraid to lose their money. They should improve their confidence for them to stop panic selling. 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.
This type of advice borders between financial and psychological. While financial advice is generally logical and follows a straight forward formula of action and reaction sequences that could probably be best carried out robotically rather than by a human mind. Why is this the case, because of the emotional trading that you had mentioned. The type of trading that doesn't follow any logic. Now taking out a little cash when you need it has nothing to do with emotional selling, but should really be avoided if possible.
The market may never turn green and bullish, but stay at the bottom forever.
It's true that the price of all crypto currency is falling, and no one knows when these prices will grow and become stable. This is a risk for all forms of investment, no one knows when it will increase or decrease, so patience is a virtue that you need to practice at the moment.
First of all, the markets are very risky by its nature so if you decide to enter the market then you have to be ready to lose everything you invest. To avoid stupid decisions you need to stay patient and never sell something just because you freak out or some little price drop happened.
If you do not have good psychology, you are always afraid, I think you should not look at the price of bitcoin anymore. When you constantly look at the price, this will make you more scared when the market goes down.
If you look from the investor's point of view, you just need to discard emotions and wait. Here the main thing is patience. If you look from the position of a trader, you need to sell and buy on time. Stop-loss helps here.
Just chill and hold. If you believe in the project stop looking at the price every hour. Let it ride the waves and check back on the price in a few months.
It can be said that until December last year bitcoin was sold very rarely, so its value was constantly growing. Therefore, it was really used as a means of accumulating value, that is, as digital gold. 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
Simply believe that the cryptocurrency will grow. It is evident. Panic only makes the situation worse - you can sell the coins that will be gaining in future.
Yes, you are right people are panic when the price of Bitcoin is kept decreasing but we shouldn't bother about it and wait until the price start increase. The most and major thing we have to remember one thing in trading is always don't be panic for short-term decreases.
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.
If we believe in our abilities, we will not be affected by anything, do not follow others who fear the turmoil of the coin, for what?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.
Because once the coins are down they will buy them back, that's the main trick those who control the coin market, so think a little relaxed, do not you regret having sold your coins.
to stop the sell panic when trading cryptocurrency you should try to be more patient and you should not too often see the condition of the exchange rate place you better apply the long-term trading conditions so you can be more calm.
If you want to stop selling your crypto at low price you should not be panic because we know most of the traders if they see the price decrease a little they sell their coin so the price decrease more that's the one reason why the coin dump dipper.
To avoid or stop panic selling when you saw a red days don't watch the market get back only when you heard that the market starts to recover. In any event you cannot gos against the bulls or bears and if you sell in panic big percentage that you will lose your money. Jump to: