Topic: How do you Panic? - page 31. (Read 39843 times)

I think the price of the coins makes me panic when it drops below my expectation,
And when it does sometimes I made some mistakes like letting it go or trading it in a low price.

Know your stuff that's how i do not panic...I just bough some neos at 32 dollars..It went down to 29 dollars should i sell? Not really i know for a fact that the market will shoot back up. Theres Red pulse ico and people will last minute pile onto neos...Haha might invest more in at this price

I believe the act of panicking fades off over time. It is so easy to say one should not panic but every pro trader today has been there once and we can never rule that out.
It is how we come back once the panic level subsides knowing the act will not solve anything except to plan for a huge comeback and do it right. Even in our daily lives, situations like this may occur and we only just have to deal with it.

I don't think anyone is like that. People do panic every once in a while and that's normal. Its part of your experience in becoming an efficient trader to know how to ride situations that can cause panic

Haha! Indeed it is very important for heart to stay calm so that brain can work properly and take right decisions. I also always first try to calm down myself whenever things are going against my predictions in trading so that at that time I can take some smart step and save myself from big loss.

I don't panic. The worst thing you can do when trading is to panic. If you want to lose all of your money, feel free to panic sell or buy a few times a day for one week... hahaha.

I get panic when the price of the coin start falling soon after I purchased it. It makes me wait for long to sell them at price higher than what I bought for.I got the same panic situation for stratis. I bought it for 135000 satoshi but it went down down and reached 90000 satoshi which is a huge loss.

maybe I’ll be panicked because it will affect my investation, I put most investation on bitcoin because I believe it’ll be very helpful if invested in long-term but if the selling price is very low I’ll be very panicked, but from panic it’s a learning for me.

What do entrepreneurs and small business owners do when business is slow? It’s very easy to get into a blind panic that your business will close. While the sad reality is that many of them do, some will survive.  Here’s my top 10 tips for surviving the quiet times:

1. Don’t panic! Things will turn around, they always do. Have unwavering faith that you will make a huge comeback.

2. Do admin. There are always a bunch of items on your to-do list that never get done when you are servicing clients yourself. Take this time to start knocking them off.

3. Work on your business, not in your business. Do something every day for the management and growth of your business. This is hard in the beginning, but work towards it.

 4. Look at your message. What are selling and to whom? Make a list of your ideal customer then design a marketing plan for them specifically. A spray and pray client base won’t work; you can’t be all things to all people. 

5. Have a support structure in place. It is critical that you have people you can talk to. If you try and do this alone, you will be driven systematically insane, but be wary of whom you choose. Make sure it’s people you look up to who have already succeeded at what they want to do. Everyone else may just drag you down to their level.

6. Question everything. Just because there is a recession, does it mean it has to apply to you? Not necessarily. Find your own truth and design your own destiny. Do not buy into the media hype’s version of the world.

7. Get a life coach. Every highly successful business owner has one, (I have three!). Despite popular belief, you don’t know it all and you need all the help you can get. 

8. Network. You have to get out there. Sign up for every free event you can find and hand out business cards and flyers like they were candy.

9. Visit old clients. Let them know that you are still there for them even though they aren’t buying anything from you right now, (or phone/email if you don’t have that type of relationship with your client base).

10. Become a thought leader. Write blogs and contribute to LinkedIn forums. It will help you build a global brand.

thank you and have a good courage
have awonderful DAY

It was a horrible nightmare for the crypto investors especially that of bitcoin but we should be glad that bitcoin have successfully passed this test and proved world that no one can control them.

Bitcoin are free and they are to be sued by everyone according to their will. This is what people really like about bitcoin that they are decentralized.

Whenever I feel the need/urge, I turn off my computer and to to the gym. Call it lame but it sure helps me save money!

I feel panic sometimes when the value of the coin i hold was continuous dropping but i do not do panic selling because i know that if i do that i lost the opportunity in earn profit since we are on crypto world and all is unstable my mindset was every dump happen the next is pump of the value.

I always take a look on the possibilities of lost and profit. I'm always checking some news so I can make a conclusion if I will wait for bounce back in price or let it be and sell it to stop continuous loss.

To be honest I have left that school of all panickness long long ago and what has left is just humanly nervousness when I trade and invest in the bitcoin and something like hard fork happens immediately. But I have learnt that we shouldn't be panicked at all because whatever it gives us is loss that can take months to recover again and again from the bitcoin investment. Sometimes you might feel frustrated because the prices are gone upside down but always keep in mind that bitcoin is such good asset now that due to its increased popularity there is no chance it is going down. :-) So better change the Panick habits and try to do some real investment.

before, when i do not no different aspects in trading i always losing many moneys because i am not aware what will be happen, i always thinks that bitcoin might end up being bankrupt or it will continues to go down therefore i always sell my coins before at a very low price, but then i learned my lesson now i will never do that again because it is not helpful to me it can only make me bankrut.

We never panic. And that's why we have money at the bank. That's why we have big coins on out wallet. That's why we have more than a thousand different coins stored on computers. Because we do not panic and his Panic that makes us money so you could please continue to panic because that's exactly what we need to continue working in this environment. My suggestion is to never panic in the crptocurrency world and that is key to success.

Even you are calm the trades will going to affect your mind but as long as you can make profit thats it and its good better than to panic in terms pf panic buying or selling, always obaserve the market and analyze before making any moves .

I have been active in Bitcoin world for almost a year now. And like most of new people who start dealing with bitcoin I had my moments of panic. Good thing with me was that, I was never holding big sum of Bitcoin on my wallet. Why was that a good thing? Well because I made a mistake,  and if I had more Bitcoins in that moment, my regret would be bigger.

First time I made a mistake was that I sold my Bitcoins when price of it jumped from 1200 to 1700 dollars. I thought it was good time to sell, but i was wrong. Not long after price jumped even more, and in that moment i realized that i made a panic sale.

Second time happened when China banned ICOs. Price of Bitcoin dropped a lot, I wanted to minimize my loss so i panicky sold all Bitcoins I owned in that moment. Like in previous case mistake number two.

Panic is enemy that needs to be beaten. If not, it is just a matter of time when you will lose.

Each negative situation has a positive side. And panic will not help you.

This is something which all the traders need to learn and understand as early as possible. Only then they can manage to earn a good amount of money and profit.

I think there is no room for getting panic or losing your patience in the world of trading. The moment you lost your control on your nerves, you are going to suffer a big loss. So remain calm.