How do you Panic? - page 25. | Bitcointalksearch.org

nano77

full member

Activity: 392

Merit: 100

Quote from: shamzblueworld on June 28, 2017, 03:07:18 AM

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

if the price goes down it would be panic but I try not to be emotional and stay calm, better I hold back and wait for the price to go back at least get a little profit

felipe04

full member

Activity: 308

Merit: 100

No i never been panic here even i lose some money i will accept that but i think always positive and think how to have profit in trading.Panic is nonsense because you cannot back your money here if you lose even you cry a lot nothing gonna change so always think to earn not like panic or scared

nitrousteam

member

Activity: 154

Merit: 15

There is no need for panic if you have invested smartly. I have panicked once before but my panic was related to my stocks that I owned. My panic was reasonable cause stocks went all way down and eventually bankrupted. It was my luck that I didn't invest a large amount of money in that stock. With the coin, this is different story cause I learned a lot from my stock failure and invest smartly and also when a coin is falling there is no time for panic cause I've invested the reasonable amount in specific crypto.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: lvincent on November 03, 2017, 07:38:45 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..

Getting panicked about situation is commonly declared as a loss is not good practice at all. There are two possible outcomes of such behavior. It would actually cause you to think about giving up on trading and finding some other way to earn money. I think that this would simply cause a disturbance in your life cause giving up on trading and preferring some other way will end up in a number of failures before you actually get the required knowledge about new field.

Gains and losses are a part of trading and whenever you lose just try to build up more confidence in yourself and try harder and harder until you succeed.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: xCryptoManiaX on November 06, 2017, 12:14:19 PM

I don't - While some people do I just keep living my life and chill until the price goes back up

You are confident about your coin and this is only one thing that is required at utmost level for a trader about its coin. While choosing coin, you must see the whole scenario and then you would be buying it. Once you are done with buying it, you are surely working on building confidence about it. Bitcoin always come back and you don’t need to worry. Just relax and hold.

Wittycoin

full member

Activity: 696

Merit: 100

Quote from: shamzblueworld on June 28, 2017, 03:07:18 AM

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

Panicking is one of the most reason why traders doesn't succeed. This is what I can say, bitcoin, altcoin, and even fiat money are subjected for fluctuation, and it is normal when there comes a time that the value of any currency are so low but in the end recovers it's price. If youre a trader, do not let your emotion dictate you what to do because it may cause you to regret at the end. A trader must always buy the asset at low price and sell at it's peak. Do some researches for you to decide the best and not regret in the end. Do not panic and sell your asset immediately.

romecheo

full member

Activity: 476

Merit: 101

Trading will suddenly change someone characteristics, mostly when the stock are getting dump badly, as like of everyone who's in trading are never escape to get nervous and most of the time made a wrong decision.

a few months ago I put some of my investment to 13 different crypto currencies, and unexpectedly Bitcoin rage this October until now that result to the bleeding all of my Altcoins, same as me. Shocked

bamb

sr. member

Activity: 938

Merit: 251

The question of panic may depend on many factor beyond trading and panicking itdelf. For example if you have bills to pay and supply is running low in your house and you have your saving in a particular coin that it's price is going fown. You will definitely panic in this can of situation.

DiniazRosa

member

Activity: 137

Merit: 10

ICO starting on 16th of April!

Quote from: laracastvue on November 06, 2017, 02:08:22 PM

When i was a newbie, I tend to sell all my coins at the lowest price when the price of my coins is melting and that is a very wrong move, You should wait longer because it will still comes back to normal eventually when the market comes back into its stability.

Well me too. Trading in crypto market is not a game for newbie, so best way to earn money for newbie is hold Grin

degaga15

sr. member

Activity: 350

Merit: 250

all would have been panicked if the price had dropped dramatically, and to reduce the risk of loss then sell it, but that's a big mistake I think, the factor that keeps the price down now that sells their bitcoin, it's risky but I myself will keep it until the price returns normal.

chichigirl

sr. member

Activity: 588

Merit: 251

HELENA

Quote from: sweetbet on June 28, 2017, 07:10:42 AM

The amount of panic that I might experience is usually in proportion to the amount of risk that I'm taking. Trading with $200 isn't going to make me as nervous as trading with $10,000. I wouldn't call it panic though. It's more like an adrenaline rush

Doing some trading with that amount is very hard because you need to overcome your fear of loosing your money that easy but you can earn if you hold your bitcoin for a long time.

Wonder_woman

full member

Activity: 674

Merit: 101

I am hired and not own by any Team!

Quote from: shamzblueworld on June 28, 2017, 03:07:18 AM

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

Sometimes we can't escape panicking that is common to all traders when the coins that they are holding is super dump. Making bad decisions is just a lessons so next time they already knew what they do. In that situation holding is the best way we can do.

goaldigger

sr. member

Activity: 2422

Merit: 357

I actually dont panic. Before i start investing in cryptocurrency, i have this mindset that Volatility of this investment is really risky and i should not become panic but instead be patient.

laracastvue

member

Activity: 336

Merit: 10

When i was a newbie, I tend to sell all my coins at the lowest price when the price of my coins is melting and that is a very wrong move, You should wait longer because it will still comes back to normal eventually when the market comes back into its stability.

xCryptoManiaX

full member

Activity: 361

Merit: 137

I don't - While some people do I just keep living my life and chill until the price goes back up

lvincent

full member

Activity: 294

Merit: 102

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..

HiringYou

sr. member

Activity: 574

Merit: 256

When you have invested your earnings in bitcoin or any other altcoin and suddenly the price starts dropping then it can make any investor to panic.It then depends upon our smartness and wiseness that how we react to that situation .We can react in two ways. One by committing the mistake of panic selling and the other by staying calm and keep holding our BTC's. As,I am not new to this market and being conversant with the potential of Bitcoin, I know that if their is a drop in the price then the price will rise also.So,I will hold my BTC's instead of selling them until the price reach it's all time high value or more than it.

Iveyalla

full member

Activity: 392

Merit: 100

In my altcoin investment, at least i have prepared a reserve fund of 50% from initial investment for anticipation such bad situation where almost all altcoins falls in. So i can buy altcoin again, I have not yet panicked face the current condition.

Hassan02

hero member

Activity: 743

Merit: 500

Quote from: CowboyKiller on November 02, 2017, 02:11:49 PM

Quote from: dmamigo on October 31, 2017, 04:31:43 PM

Recently I panicked a bit, I don't really do it but circumstances made me panic. I was thinking to square of my few BTC holdings for urgent requirements and the price started to drop and then I kind of panicked a bit. Also recently my entry to ICOs and altcoins, makes me nervous, not really panicky but I get frightened sometimes.

You should to keep calm, do not let the price of cryptocurrency make you worry and panic. Nothing important than your health, therefore, money or profitable also can not help you recover your health when your health deteriorates Wink

dont let emotion will lead you while you are in trading , so staying calm while in trading and dont look for what can happen on the price of the coin that you are trade for if there is some negative movement dont let your emotion of panic selling would win.

CowboyKiller

sr. member

Activity: 463

Merit: 250

Quote from: dmamigo on October 31, 2017, 04:31:43 PM

Recently I panicked a bit, I don't really do it but circumstances made me panic. I was thinking to square of my few BTC holdings for urgent requirements and the price started to drop and then I kind of panicked a bit. Also recently my entry to ICOs and altcoins, makes me nervous, not really panicky but I get frightened sometimes.

You should to keep calm, do not let the price of cryptocurrency make you worry and panic. Nothing important than your health, therefore, money or profitable also can not help you recover your health when your health deteriorates Wink

Topic: How do you Panic? - page 25. (Read 39813 times)