Pages:
Author

Topic: How do I stop panic selling cryptocurrency? - page 8. (Read 2194 times)

jr. member
Activity: 118
Merit: 1
Most of the panic sellers are those who are just newbies in the business or trading, and most specially if they do not know any knowledge on bitcoin at all. They are just going with the flow even if do not get the profit from what they invested. That is why.
Relax, I think there is a scientific explanation. Here's a friend, First, Cryptocurrency seeks justice value. All products, be they property, gold, stocks, bonds, and others always have fair value, and investors have different approaches to determine that point.
sr. member
Activity: 616
Merit: 252
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.
It is just normal for a newbie in the market to act this way because most of the time, he is afraid that he will suffer from further or loss and seeing the price goes lower, he would think that if he will sell now then he will minimize his losses. The solution to this would be to plan what price he would be willing to sell to accept the loss and trade again.

What is the point in selling at low?
One must wait for the market to turn green and bullish.
That's right. It is just nonsense that when the price is higher, people didn't sell but when the price dips again, people sold it and then whine because the price bounce back. Panic selling will not be prevented if one would not be able to control his emotions. Eventually when someone always trades, he would be able to control it and then have an eye for detail not depending on his emotions.

newbie
Activity: 83
Merit: 0
You should make a clear plan and have a good analytic strategy, stop putting your emotion into trading because it is not play, they are real money and by careless and let your emotion control, you will lost. Chance will not wait for you, listen to the news, cut loss when it is needed, not because of panic.
hero member
Activity: 2282
Merit: 659
Looking for gigs
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.

In other words, do not trade with emotions. Think of both the bear and bull run as opportunities. If the market goes down, think of it as an opportunity to buy more and wait until the value goes up. If the market goes up, just don't get too much greedy when it will give you enough profits instead of holding it for too long. However, if you are greedy, you have no other choice but to hold it in the long run. Either way, think of it as a win-win scenario if you have a good perspective of it.
sr. member
Activity: 490
Merit: 251
For me, the most ideal approach to stop freeze offering is to advise the financial specialists exceptionally the novices to instruct themselves, to have enough information about bitcoin with the goal that they won't freeze when the value drops. They should know the dangers previously bouncing in, so they are prepared and will remain positive whatever may happen.
sr. member
Activity: 1036
Merit: 329
It is up to you and your instinc as well you must be in the positive way of thinking and never mind some issues that you have read or heared in news about crypto currency because it will cause in panic selling of your coins.
just focus your mind on where you wanted to do for while you are in trading you can avoid that for specially when you love for what you are doing here in trading.
full member
Activity: 504
Merit: 100
In order for one not to panic when the prices of cryptocurrency is down, he or she must look back on previous events such like this. Before there are numerous cases whereby the value of cryptocurrency was really low, but it tends to go back up because of it's volatility. I'm quite positive that it will give them a sense of security.
full member
Activity: 518
Merit: 100
To stop panicking is very easy, determine from the beginning the price you will pay for your bitcoin purchase and your exit price as well. Having done this you should strictly adhere to your plan!
sr. member
Activity: 706
Merit: 250
It is up to you and your instinc as well you must be in the positive way of thinking and never mind some issues that you have read or heared in news about crypto currency because it will cause in panic selling of your coins.
full member
Activity: 1554
Merit: 101
those who sell panic are those who just go into crypto or new in trading, especially they use sometimes using money that should not be used, hoping to get a profit, it lost because it must immediately use the money for his purposes.
and also new people in trading mostly buy at peak prices and when the correction occurs they are afraid to lose more and immediately sell it in a state of loss.
newbie
Activity: 26
Merit: 0
When investing in crypto, it's important to have the right mindset going into it. Be willing to ride the highs and the lows and have a long-term mindset.
member
Activity: 195
Merit: 10
Just create an order, leave your computer for a while and come back in ten, to twenty hours, most possible your order would have been completed, otherwise you have zero luck and the market has crashed, hahah lol
newbie
Activity: 31
Merit: 0
First you have to stop to play with Your emotions and play with your mind that you have. Easiest thing is to make the plan and follow that plan that you have made. Even if you feel like selling try to follow it, because those that play with emotions lose it in this trading world.
newbie
Activity: 42
Merit: 0
Most of the panic sellers are who are early traders or the Short-term investors, If you are really in a need of money, you can sell the coins at a lower price, but not at the loss. if you just want to get high profits out of it, I think we should HODL at least 6 months.
newbie
Activity: 210
Merit: 0
That is the personality of everyone, you should reconsider I know it is very difficult but if you keep the fear, you will lose temper and can not be patient in this market.
full member
Activity: 406
Merit: 100
Be knowledgeable about what's happening in crypto world would be your best weapon against panic selling because panic selling will always be a nonsense decision only , don't stress yourself about the things happening right now in this industry because it will only lead to bad decisions that you will regret in the future. Make yourself busy by being active on the news about Bitcoin and altcoins or by playing the market everyday by day trading so that the coins that you hold will be safe on your wallet at the same time your earning profit in day trading once you do well in that thing.
member
Activity: 322
Merit: 20
A trader should be full of knowledge about the market's volatility and riskiness. In whatever way you are going to use bitcoin, especially in selling, you should be mindful that it's price might still go higher and that would give you a more profit compared on buying immediately when you see that the price is getting low. Just have a mind set that you son't need to panic that muhc.
Yes I agree on that, I think as a trader we must know first the consequences, maybe we need to know first that crypto currency is unpredictable and we can loss anytime anywhere, so then before we ingage on cryptocurrency feild we must know first that in crypto currency feild we cannot predict anything, because we don't own the decision of others, and everything may effect on the market specially when people loss their trust and faith on it.
sr. member
Activity: 1778
Merit: 309
A trader should be full of knowledge about the market's volatility and riskiness. In whatever way you are going to use bitcoin, especially in selling, you should be mindful that it's price might still go higher and that would give you a more profit compared on buying immediately when you see that the price is getting low. Just have a mind set that you son't need to panic that muhc.
full member
Activity: 420
Merit: 100
Panic selling is just normal specially to some of the beginners without any experiences in trading,  like me,  i was so nervous during my first stage of trading, when it goes down, i actually sell all my coins.  Such a great mistake from the  beginning.
full member
Activity: 490
Merit: 100
If you have panic than you have violated rule number 1 - don't invest money you cant afford to loose. And you better now change your portfolio. I hear people mortgage houses to buy bitcoin...so stupid
That was the most stupid thing i ever heard, you do not need to mortgage your house just to have money for buying bitcoins. This kind of people are mostly novice who doesn't know the actual risk of losing it. If you can't stop panic leave trading or uninstall your monitoring apps so you wouldn't see the price.
Exactly no need to keep on price looking it is increasing or decreasing, once a person invest for trading I think better if you keep patience, those who lose patience when price get down should not look at price graph till the end of this year, whenever you feel price is getting down try to think positive and don’t listen to false news and discouraging people, hold when it is low till it get high once again.
Pages:
Jump to: