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Topic: How do you Panic? - page 22. (Read 39813 times)

sr. member
Activity: 1400
Merit: 259
November 23, 2017, 07:34:34 PM
Just recently when I was trading in etherdelta.
Got some ERC20 altcoin which I bought and it never came in to my.mind that this coins maybe going down because ETH price is going up.
Didnt look well how much the EThereun is.
I guess that is also one key to not panic.
Check the price of each thoroughly and staying calm even if other coins are going down.
There should be a reason for all of that.
sr. member
Activity: 756
Merit: 256
HEX: Longer pays better
November 23, 2017, 05:03:29 PM
I don't panic anymore, I'm buying the dip.

My portfolio value fluctuates quite a few thousand sometimes, it doesn't makes me anxious anymore, what goes down must go up. Cheesy
This is my big problem I don't know when it is the dip.  Smiley
and I usually buy high and sell low or medium
Simple, you can buy Bitcoin when the price of Bitcoin dumped below the old price as support price. Maybe, you don't know what is support/resistance price. You can understand support/resistance is the old price of something and when the price reaches in these price, it always obstructed (pump/dump).
member
Activity: 88
Merit: 11
November 22, 2017, 08:21:42 AM
I'm not okay i try to always be calm and if i can't handle the situation i try listineng to music while thinking about a solution to my problem, cause panic will just gonna drove you for another mistake and it will lead for a lot of loss instead you're preventing it your loss will just gonna get bigger so if i were you it really is much better if you try to relax while handling these situation.
sr. member
Activity: 406
Merit: 250
November 22, 2017, 08:13:23 AM
I think if panic it is reasonable, everyone could have panic when he trade, for some time to see prices rise, or also if the current price down drastis.dan it might be a lot of experienced by traders. but if the original purpose we are the long term, I think will never panic, because they intend to long term goal...
full member
Activity: 308
Merit: 101
November 22, 2017, 08:07:58 AM
I've no stress. I arrive for learning. As a beginner I attempting to comprehend all section in this forum. I am maintaining study more and more for understanding. I really hope I will success at some point.

You will eventually. Just be afraid to lose. Trading ia a continous learning even for experienced ones. I've been trading for a year now and i lost around 200$  the other day trying to cut my losses.

Hmm, actually you can get many advantages in trading. The main key is analysis, if your still confused now perform analysis or may never do it then try to always look at the charts that exist in the trading and also keep trying. Never give up, because we won't know whether it's appropriate or not. Trading is not a very pleasant place when you always minded profiteers, for sure you will find it a bad thing when getting a loss.
Determination is the main thing that lead to achieve high in bitcoin trading and those who are newbies they often get panicked when prices get down this is just because they are not well aware of market and they don’t have much experience and there are a lot of people out there who get panicked in start and now they are bit good as they learnt how to keep patience and react to crucial situation to avoid loss.
member
Activity: 242
Merit: 10
November 20, 2017, 07:53:27 AM
for me it was during my earlier days of trading that i used to invest quickly in coins which i see increasing in price rapidly.Actually those coins were just pumped coins and were to be dumped soon.Soon after i buy,those coins were dumped and i have to just sell it at very low price in lose.
sr. member
Activity: 1041
Merit: 273
November 20, 2017, 04:35:42 AM
I've no stress. I arrive for learning. As a beginner I attempting to comprehend all section in this forum. I am maintaining study more and more for understanding. I really hope I will success at some point.
Getting panic is quite a natural phenomenon especially at the time when you find the market price of your coins falling down. I do panic at that time but the thing which I learned from the experience is that you really to keep your nerves under your control at that very time. If you are bit going to do this thing, there are likely chances that you will make wrong decisions which can result in huge loss.
member
Activity: 246
Merit: 10
November 17, 2017, 03:54:57 AM
Sometimes I feel worry everytime my coins goes down. Thinking that my investment is getting loss. I can't cotrol my emotions.
sr. member
Activity: 1862
Merit: 295
GOD is TRUE
November 16, 2017, 03:28:59 AM
When the bitcoin drop trend collided with the deadline for monthly fee needs, that's when I panicked a little bit, I am grateful to have had a real business so there is a balance to reduce the level of panic of the bitcoin business, but it is currently not very influential because bitcoin is very fast recovery for raise prices.
full member
Activity: 378
Merit: 101
November 16, 2017, 02:51:59 AM
To panic it is not necessary never, I analyze all actions, and only at the right moment I sell. And so you have to wait and save your money. Panic if the farm is broken.
legendary
Activity: 1204
Merit: 1028
November 16, 2017, 02:23:32 AM
I don't buy and sell base on trend. I trade base on my knowledge and experience. Therefore, I don't panic sell.
This is nice that you don’t follow market blindly and sue your own mind for making crucial movements in trading. This is the characteristics of experts that they don’t follow others rather they use their own knowledge and experience for taking important decisions. If your re making money with trading then keep it up, it is going to make you earn a lot of profit in a matter of seconds.
hero member
Activity: 3052
Merit: 685
November 16, 2017, 01:57:26 AM
Before, when panic hits me, i always sellmy altcoins even when i did not have any revenue but rather i'm able to get a reduction from my investment. It's my solution and assisted a lot to calm me lower. But now, it's really different, i understand ho to deal with it poperly.rw
That's good, it means you learn from your mistakes which is necessary when you are investing or trading.
If you panic you will lose control and we know already what will be the outcome, our aim is to be profitable so we need to decide based on our analysis and not on our emotion because if we are weak emotionally, we will surely make a wrong decision.
hero member
Activity: 3080
Merit: 603
November 14, 2017, 06:38:07 PM
I had bought the unexpected thing happened the price of altkoin down, there I started to panic and sell it to minimize my losses, but for now I will not repeat the mistake I am, I will remain calm and see the market movement and wait to buy at the right time.

You started to sell to minimize your losses? I even did this before when I was quite new to trading, you sure really is making a lot of troubles with your investment by doing a panic sell. But today when I panic, I don't look at the charts especially the price of bitcoin. That will only hurt me so it's better to stay away from the market charts and when I feel that I'm about to panic, I keep on holding.
full member
Activity: 504
Merit: 100
November 14, 2017, 04:21:24 PM
I stress with a lot of relaxed.Often I believe this time it's destined to be the real deal. The one time when it all breaks appart and the investment goes belly up.But my experience informs me that it's going to be like all other time before, just a surprise inside a teacup.My investments are often well chosen and well balanced. Even when setbacks in a single area occure, I understand that I have others that will compensate that.
I think that there is no need to panic and get upset if there is some kind of incident or a drop in the market rate. I think that if we take for example Bitcoin, the exchange rate is unstable and still sooner or later it will go up so there is no panic, And it's better to calm down and wait for a new time.
hero member
Activity: 743
Merit: 500
November 14, 2017, 02:30:51 PM
There's nothing good about panicking, so why panic just try to be calm and relax as much as possible making decision's right away while panicking will gonna come out badly than what you expected. If you're a long term investor trust to the coin that you bought and try to analyze the market as much as possible to lessen your worry. You are the onlyone who can help yourself so try to make a decision, there is only 2 outcome in that decision it's either gain or loss if it's a gain then you're getting much better in handling such a situation that's why you make your decision right but if it's a loss don't regret it learn from it so it will not happen again..
Everyone knows that panicking is bad, but no matter how you are at some point you are going to panic and you need to find a way to deal with that, this is more important if you are a day trader since things can change in the blink of an eye, while it is not as important for a long term holder since the price of bitcoin will need to crash for him to begin to worry at all.
yes thats right it is hard to remove the way on how you can panic most probably when there is a hard time so better to stay calm and think for what will be the best thing and moves that you have to do,
newbie
Activity: 21
Merit: 0
November 14, 2017, 01:03:36 PM
I stress with a lot of relaxed.Often I believe this time it's destined to be the real deal. The one time when it all breaks appart and the investment goes belly up.But my experience informs me that it's going to be like all other time before, just a surprise inside a teacup.My investments are often well chosen and well balanced. Even when setbacks in a single area occure, I understand that I have others that will compensate that.
hero member
Activity: 1036
Merit: 500
November 14, 2017, 02:33:24 AM
It is all about the knowledge.some market news and lower of a coin will make you bit stress..,,buut you can manage yourself and go through that for sure..
It is a natural phenomenon that almost all of us get worried especially at the time when we see the market price of the coins which we are holding getting down. The thing is it is quite a normal thing and there comes so many occasions when you get panic.

The only thing which you can do and which you need to do at that very time is to sit back and keep yourself calm and cool. Patience is the only key.

sr. member
Activity: 994
Merit: 257
November 14, 2017, 02:01:58 AM
There's nothing good about panicking, so why panic just try to be calm and relax as much as possible making decision's right away while panicking will gonna come out badly than what you expected. If you're a long term investor trust to the coin that you bought and try to analyze the market as much as possible to lessen your worry. You are the onlyone who can help yourself so try to make a decision, there is only 2 outcome in that decision it's either gain or loss if it's a gain then you're getting much better in handling such a situation that's why you make your decision right but if it's a loss don't regret it learn from it so it will not happen again..
Everyone knows that panicking is bad, but no matter who you are at some point you are going to panic and you need to find a way to deal with that, this is more important if you are a day trader since things can change in the blink of an eye, while it is not as important for a long term holder since the price of bitcoin will need to crash for him to begin to worry at all.
full member
Activity: 658
Merit: 100
November 14, 2017, 12:54:20 AM
Market is very irrational and seeing things rationally in the market sometimes could be diserstrous. I will say been objective will give you clearity and calm your nerves even when old are against you trading. Panicking is normal
hero member
Activity: 806
Merit: 503
November 14, 2017, 12:09:54 AM
Actually all trader ever feel panic when their prediction is out.
Actually i still stay calm if the price is in control line. But when the price dump and dump again, it make me panic sometime the ending is panic sell.
As much as possible i'll keep my self calm and patience because when you get panic you can do anything or make decision that you will be regret. So its better to keep calm and go with flow of market.

As long as we set  goal we won't panic at all. Short term trade usually causes panic that is why day trading is very risky yet profitable. I try to be calm when a sudden fall but usually i just sell on a loss and just buy back on the dip. Also, I just day trade what i can afford to lose as i also have long term goals which will not cause me panic and i believe that will benefit me in the future.
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