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Topic: How do you Panic? - page 39. (Read 39843 times)

full member
Activity: 280
Merit: 101
September 15, 2017, 01:55:39 AM
We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.
It is good experience. Don not see the market for any longer and do other think in real life is good thing to do. I will try to do the same. Hope it can decrease my panic. Thanks
full member
Activity: 299
Merit: 100
September 15, 2017, 01:47:23 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 Sad
hero member
Activity: 1246
Merit: 529
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September 15, 2017, 01:29:34 AM
We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.
I have used the advice you said. but when the coins are held up and down it is a nightmare. despite doing other work I am still followed by the nightmare.

Right. It's really easier said than done. If you're in a position when ypu're feeling you can lose everything, panic is a normal reaction. That's why its important to set up expectations for yourself aside from having huge amount of patience. Understand that there is a possibility to lose money and panicking is one way to expedite that
hero member
Activity: 1316
Merit: 502
September 14, 2017, 10:53:46 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
sr. member
Activity: 476
Merit: 250
September 14, 2017, 10:46:58 AM
We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.
I have used the advice you said. but when the coins are held up and down it is a nightmare. despite doing other work I am still followed by the nightmare.
sr. member
Activity: 336
Merit: 250
September 14, 2017, 09:39:12 AM
We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.
legendary
Activity: 1442
Merit: 1025
September 14, 2017, 02:42:12 AM
We never know what will be their next move or what are they planning in their minds. So let’s just not concentrate that much on whales. It is better to take decisions by you own without getting influenced from anyone else. One more thing, never give up!
Makes sense, whales are kind of traders who ate very difficult to predict. You may pursue them, noticing their moves, pumps and dumps they are making in market but still they are many so you can’t be settle up in that situation. Just have your own decisions according to whatever price charts declares.
full member
Activity: 145
Merit: 100
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September 14, 2017, 12:46:44 AM
We all panic, from possible risks and losses. But whether it is worth doing and whether it is right, most likely not. It is better to restrain yourself and make smart decisions at one time or another. Especially in trade with a drop in the price of a coin, you can not hastily sell everything, it's better to keep coins and then to understand that you did everything right.
full member
Activity: 266
Merit: 100
September 14, 2017, 12:26:41 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?
In my case when I started my first altcoin trading it went really bad as I don't have enough knowledge yet on what to do, in the time that I almost lost all my capital I started to panic.
But then I just said to my mind that I am prepared to lost my capital knowing that I am still newbie.
The way I panic, I guess I just say to my self that it is just part of growing my skills in trading after losing all my assets.
hero member
Activity: 756
Merit: 500
September 14, 2017, 12:19:49 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.
full member
Activity: 280
Merit: 101
September 13, 2017, 05:54:19 PM

Every traders experience of panic when the price dump. Im prone also into panic of my holdings what I did was I keep calm and thinking a lot of my effort when I invest in trading. Because if you embrace this panic moves you will lose all your money your capital. Instead, feel and think there's a rainbow after the hard dump.
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Its right. We will lost of our capital if we do a panic. First i can handle my panic, but when the price getting lower its diffivult to stay calm. If you have any idea how to make calm? Please share your experience if you dont mind. Thanks
full member
Activity: 280
Merit: 101
September 13, 2017, 05:46:09 PM
The senior trader said that dont panic. We have to analyze again to decide more carefully.But in my experience, i always panic, i worry if the price of my alcoin getting bad. So i did cutloss that make my principal down. But next future i will learn how to not panic, so we can make good decision
sr. member
Activity: 1148
Merit: 251
September 13, 2017, 05:37:17 PM
Panic always produces a bad and detrimental effect for us, because panic happens from the mind that isn't calm. As happened at bitcoin prices these few days. I just relax, no need to feel nervous if bitcoin will continue to weaken slowly. I've been fighting bitcoin for years, so i'm immune to any conditions that are even worse than today.

I'm not long in bitcoin, so I'm prone to panic. It's very hard for me to watch my capital melt. I just turn off the computer and go home to do stuff that's not stupid.
Every traders experience of panic when the price dump. Im prone also into panic of my holdings what I did was I keep calm and thinking a lot of my effort when I invest in trading. Because if you embrace this panic moves you will lose all your money your capital. Instead, feel and think there's a rainbow after the hard dump.
full member
Activity: 262
Merit: 100
September 13, 2017, 04:09:54 PM
Panic always produces a bad and detrimental effect for us, because panic happens from the mind that isn't calm. As happened at bitcoin prices these few days. I just relax, no need to feel nervous if bitcoin will continue to weaken slowly. I've been fighting bitcoin for years, so i'm immune to any conditions that are even worse than today.

I'm not long in bitcoin, so I'm prone to panic. It's very hard for me to watch my capital melt. I just turn off the computer and go home to do stuff that's not stupid.
hero member
Activity: 1036
Merit: 502
September 13, 2017, 04:00:34 PM
Panicking when you reach around 800% profit, then it goes to 650%, then 700%, and you sell at 600% when you see it reach 500% afterwhile and take a break before investing back again when you see a calmer market.
Of course panic is a negative thing to do in terms of trading becasue it could give you a bug loss on your tradings or even investments. But as you will visualize the part where you could actually see how you will do panic , you would know how to deal with it in the time you could actually do it. But for me to avoid dealing with panic , you must consider on setting your goals and plans for you to have a point to loop up to.

It's normal to panic but of course you have to be strong despite of the fears that you have for what's happening with the btc price. I know it isn't easy for us to handle stressful decisions, but you should listen to the advices here in the forum and never make a quick conclusions over it. Since the current situation is conditional, never lose that goals and plans for it will fall you to regrets by the time pumping until $5000 will be happening again.
hero member
Activity: 564
Merit: 500
September 13, 2017, 03:02:54 PM
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 loss.Also,i used to sell my bitcoins in panic when there is a prise dip selling my bitcoins at a cheaper price to big whales thus making myself a weak hand.But now,after gaining experience,i just hold my coins firmly without getting panic.
Atleast you already learned, I'd experience such thing before. Everytime that I'm losing due to its dump value for long i will sell it hurriedly scared to lose mire, which now those coins were on top list now on exchanges.
Haha if you did not have experienced in that time, you cannot understand the panic selling on the market and the way you for keep safe your money when panic happening.
All things needs to spend something as fees, then you can use it for make money or satisfy your wishes!
hero member
Activity: 798
Merit: 500
September 13, 2017, 12:30:47 PM
Panic always produces a bad and detrimental effect for us, because panic happens from the mind that isn't calm. As happened at bitcoin prices these few days. I just relax, no need to feel nervous if bitcoin will continue to weaken slowly. I've been fighting bitcoin for years, so i'm immune to any conditions that are even worse than today.
sr. member
Activity: 423
Merit: 250
September 13, 2017, 11:56:22 AM
Panicking when you reach around 800% profit, then it goes to 650%, then 700%, and you sell at 600% when you see it reach 500% afterwhile and take a break before investing back again when you see a calmer market.
Of course panic is a negative thing to do in terms of trading becasue it could give you a bug loss on your tradings or even investments. But as you will visualize the part where you could actually see how you will do panic , you would know how to deal with it in the time you could actually do it. But for me to avoid dealing with panic , you must consider on setting your goals and plans for you to have a point to loop up to.
newbie
Activity: 3
Merit: 0
September 13, 2017, 11:08:20 AM
when i was a newvie in btc tradding i afraid all time when coin dump. but now a days i dont panic.

I'm definitely a newbie at this and I'm not panicking. I'm in it for the long haul. It doesn't matter what you have your money in, it will always have ups and downs.
hero member
Activity: 2954
Merit: 796
September 13, 2017, 10:46:34 AM
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 loss.Also,i used to sell my bitcoins in panic when there is a prise dip selling my bitcoins at a cheaper price to big whales thus making myself a weak hand.But now,after gaining experience,i just hold my coins firmly without getting panic.
Atleast you already learned, I'd experience such thing before. Everytime that I'm losing due to its dump value for long i will sell it hurriedly scared to lose mire, which now those coins were on top list now on exchanges.
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