How do you Panic? - page 37. | Bitcointalksearch.org

el kaka22

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Quote from: mikki14 on September 15, 2017, 02:47:23 AM

Well I do panic like. "Ohw! The price of bitcoin falls for 2 consecutive days for about 500$, I need to buy some coins." Then two days later, it gets even lower. That's the time when regrets hit me Grin

It is even very bad selling at this point in time cause any prediction may be wrong except you want to take risk. However, you may study the market and see if there may be some opportunity at that point, otherwise you may end up buying at the wrong position. You could have just followed the first china news and predict what happens, probably you would have sold then at $4500 like I did and be smiling when buying more now at every dip. However, every mistake is an experience to do it better next time.

stepwilli

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Quote from: SastraID on September 09, 2017, 10:06:27 PM

I not panic,, just hold my coin, i believe will pump again
easily panic will make wrong decision
Grin

I think this is what everyone else should as well. Most of the trades normally panic under these circumstances and usually make false decision. This is the time where emotions play a significant role and force you making false decision most of the time. You need not to panic and you should hold you Bitcoin in order to make good profit.

redsun114

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Quote from: mikki14 on September 15, 2017, 02:47:23 AM

Well I do panic like. "Ohw! The price of bitcoin falls for 2 consecutive days for about 500$, I need to buy some coins." Then two days later, it gets even lower. That's the time when regrets hit me Grin

I must say that this is your hard luck that you are experiencing such kind of situation. I think you need to take little more time in order to make any kind of decision especially when comes the point of buying or selling of the Bitcoins. Your one wrong decision can cause you a lot of loss instead of making out good amount of profit.

jostorres

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Quote from: geegaw on September 14, 2017, 11:53:46 AM

Quote from: richkellj on September 14, 2017, 01:19:49 AM

Quote from: to378972 on September 10, 2017, 03:32:10 AM

There are some differences between business aircraft and bitcoin business, daily traders must know about this. Trading is a gambling game in my opinion, whether you make a profit or lose money. But in the bitcoin environment, there is no damage after I invest in it because the value of bitcoin continues to increase over time. All I have to do is find the dip to buy and keep it lasting.

Everyone panics at different scenarios, some may panic on downfall of the prices of their investments, some panic when they had hard times in family or any other office issues. I usually don’t get panic as soon like others because I know how to control my emotions so that my decisions are not affected while trading at the time of crisis.

Yeah, I think the present is a time of crisis, people are very scared when they look at the price of bitcoin, some people have made the wrong decision and sell all their bitcoin at low prices, they will soon regret, in the past, I was also a victim in this situation. However, at present I know emotional control and I have a lot of experience, knowledge, that made me feel very calm, even I was not too concerned about the price of bitcoin fell, and I always say to myself, if afraid, turn off the computer and go to bed, it is quite effective

That’s indeed a great success if you have learned from your past bad experiences and are not repeating those mistakes. You really need to be robotic when dealing with bitcoins, no need to make decisions based on emotions, tries to be as realistic as you can and support your decisions with logics.

Jaya912

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Quote from: Lazada on September 16, 2017, 11:25:43 AM

We all will feel panic when bitcoin prices decrease. In our mind there is only a decision that is selling bitcoin that we have. So panic is a normal thing, everyone will definitely experience this. What distinguishes only the level of panic that will be faced.

So how can we decrease panic from that condition which is bitcoin or other coin decrease their price? If you know please tell me. Since although we have analyze the price sharp, we are sure that the price will getting higher, but in exact market, price is getting lower. Sometime prediction is not always right. Thanks before

susila_bai

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Quote from: rizkyhiw on September 18, 2017, 02:26:57 PM

Quote from: chineseprancing on September 18, 2017, 11:12:00 AM

Lately I was panicking due to unexpected fall down of bitcoin price in the market. Because of late news regarding banning of China to ICO's I was rapidly converted my bitcoin into our currency. I was regret because I made a wrong decision with that however, the good things I happen is after converting, the bitcoin was gonna deep into $3000 and I was immediately buy some bitcoin that results of good decision. Now the price of this coin was recovered and close to $4000, I think it is a coincidence and not intentional.

You will always do that mistakes when you don't really understand about the market ,
A cutloss or a little bit loss maybe could be tolerated as a misprediction ,
As noone could accurately predict the market continuously ,
But the more often you trade you will understand a situation where the market down and people goes panic it could be a big opportunity.

What you are telling is true but this time the downfall was from 5k to 3k and anyone can panic, i also sold my 2 week signature campaign payment at 3400 level and as soon as i sold it, it went to 3k and i thought of market will go to 2800 level and suddenly market went up and i was not able to recover it back.

rizkyhiw

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Quote from: chineseprancing on September 18, 2017, 11:12:00 AM

Lately I was panicking due to unexpected fall down of bitcoin price in the market. Because of late news regarding banning of China to ICO's I was rapidly converted my bitcoin into our currency. I was regret because I made a wrong decision with that however, the good things I happen is after converting, the bitcoin was gonna deep into $3000 and I was immediately buy some bitcoin that results of good decision. Now the price of this coin was recovered and close to $4000, I think it is a coincidence and not intentional.

You will always do that mistakes when you don't really understand about the market ,
A cutloss or a little bit loss maybe could be tolerated as a misprediction ,
As noone could accurately predict the market continuously ,
But the more often you trade you will understand a situation where the market down and people goes panic it could be a big opportunity.

NewBet

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If I panic while trading, it is usually because I am too short-sighted to realize the price fluctuates a lot more than just in the space of a few hours.

Quidat

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Quote from: MintCondition on September 18, 2017, 10:31:05 AM

Quote from: Duogembrot on September 18, 2017, 10:18:38 AM

Yes i agree with you do not be an amateur trader, trader is a gullible or instigated person when the price goes down don't be panic, so wait until the price goes back up and you just sell or save for your future.

Trading on normal exchange and cryptocurrency was different. In crypto can experience more than 100% within the day and if you didn't react quickly. You will be trap in to those dump coins. In crypto those who knows to read the flow earns the most profit.

Price flows cant really be read up but if you are an experienced trader you would really able to identify the possible movements of price but this thing would really be hard for sure.If you are jumping in on trading world and wont notice the possible dumps then for sure you would end up on holding shit coins or you would able to lose up money.

chineseprancing

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Lately I was panicking due to unexpected fall down of bitcoin price in the market. Because of late news regarding banning of China to ICO's I was rapidly converted my bitcoin into our currency. I was regret because I made a wrong decision with that however, the good things I happen is after converting, the bitcoin was gonna deep into $3000 and I was immediately buy some bitcoin that results of good decision. Now the price of this coin was recovered and close to $4000, I think it is a coincidence and not intentional.

MintCondition

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Quote from: Duogembrot on September 18, 2017, 10:18:38 AM

Yes i agree with you do not be an amateur trader, trader is a gullible or instigated person when the price goes down don't be panic, so wait until the price goes back up and you just sell or save for your future.

Trading on normal exchange and cryptocurrency was different. In crypto can experience more than 100% within the day and if you didn't react quickly. You will be trap in to those dump coins. In crypto those who knows to read the flow earns the most profit.

Duogembrot

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Yes i agree with you do not be an amateur trader, trader is a gullible or instigated person when the price goes down don't be panic, so wait until the price goes back up and you just sell or save for your future.

konco_kenthel

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If I stay calm and coins often on the heap first until the price movement is really stable to make a new exchange even though sometimes the income is less satisfactory but I have to try to get a little coin to meet the needs every day.

nelsledma

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Quote from: craZyLovE0916 on September 13, 2017, 12:06:04 AM

I don't. Panicking is the worst thing you can do as a trader. It is like trying to swim with shoes on, if that makes any sense...

You have given a very beautiful example. I think that if you are a trader and you have this bad habit of getting panic, then you should better leave trading till the time you overcome this weakness. Getting panic certainly means that you are going to end up making false decisions which can result in a huge loss.

VenceyBit

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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?

When i was noob i panic when i bought an alt then falls like 50% and sold it then shoots up to the moon like 200%. I almost puke on my laptop. haha. As of now i'm used to it so i just hold and experience makes us wiser so making good decisions in trading keeps me still alive. Tongue

bohr

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Quote from: ArrogantPeacock on September 11, 2017, 08:18:08 AM

I fall of my chair usually, but stand up quickly to return to trading

we all panic, money is on the line after all

There is a difference between being surprised and being in a state of panic, I get surprised all the time with the movements of bitcoin but I do not get panic, I do not have my money in an exchange, that way I avoid getting the temptation to sell, my money is in cold storage that way I will have to go through some trouble to send my bitcoin to the exchange in the first place.

v0rtecxz

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I started to feel the panic when I bought some atlkoin, and when 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, I have learned from my experience to be better at making decisions,

DevilSlayer

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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?

I am not panicking because I know it is not necessary. We should not panic because we can create bad decision if we are panicking. I always stay cool and be positive for me to create a wise decision.

IAMYOURLEADER

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So much because that's what the difference of a newbie and a pro. I feel so much loss when my coin is going down and so to stop it from falling to the pit I immediately sell it and commit a big mistake.

FrankNoland

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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?

At first I used to panic a bit since I am making a loss. There was this other time I bought Monaco at around $16 before the crash began, seeing its value traded at around $7 on bittrex just breaks my heart. But yesterday since it was lower I decided to buy some more and from now I am going hold and hope for the best. But yesterday I almost panicked, after my purchase was successful for buying ethereum classic at $11.08 on bittrex and then dumped to $10.58. But for now I am relaxed, I try to understand that this how the market goes. I guess will just hold for now, I can't afford to lose.

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