How do you Panic? - page 41. | Bitcointalksearch.org

geegaw

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Quote from: knightmairesaint on September 08, 2017, 06:29:13 PM

Quote from: smusanne on September 08, 2017, 05:14:44 PM

I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

Right, it is very important to be able to think clearly while trading. Monitoring the market price is somehow an can be very stressful and if we get emotional in monitoring, it can lead decisions that we are going to regret.

I have panic sell during the hard fork. I have lost more than 50% profit that I could have earned. I really do regret it and I wish that I could go back time to stop myself from selling. But of course, I cannot and what I can only do is to accept what happened.

Trading is a psychological game, and if your psyche is affected, you will easily panic and make the wrong decision, I know we have a lot of fear to face in trading. Fear of losing money, fear of losing, fear of falling prices, but we need to calm down and control our emotions more, and the key to this is knowledge, knowledge helps us to know the problem more clearly, it is the basis and also the reason that helps us to have confidence in our decisions, without it, our beliefs are easily collapsed.

Jating

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I have seen a lot of replies here and most of experienced traders are not really affected and do not panic. And for those who panic, its really their emotions telling them to sell instead of using logic that it is better to hold in and not push the sell button. As for me, I don't have the chance yet to experienced such panic because although I'm not new to the bitcoin world, I'm just starting after being a lurker. I will kept the advise that I read here and hope that I will not panic if ever.

Carlsen

hero member

Activity: 910

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I panic with a lot of calm.
Often I think that this time it's gonna be the real deal. The one time when it all breaks appart and the investment goes belly up.
But my experience tells me that it's going to be like every other time before, just a storm in a teacup.
My investments are usually well chosen and balanced. Even if setbacks in one area occure, I know that I have others that will compensate that.

hammo

sr. member

Activity: 493

Merit: 250

why the people think for daily base i really can't understand. you don't need to follow prices everyday and you don't need to make panic.

Jobstik

newbie

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I just close twitter, blockfolio, telegram for 1-2 days.

zaky85

member

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I was very panicked when the price of bitcoin suddenly dropped away once yesterday, all my assets directly I pull white cut lose and leave only a few coins in the wallet.

bengems

full member

Activity: 266

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I don't panic, I buy at an average and sell at an average on shit exchanges with no stop loss. I use stop loss to increase my potential profit on nicer exchanges, in this manner my mind is at rest and no need of panicking

BitPACK

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this crypto world peoples are very interesting. they are panicing very fast and dumping what they have.

knightmairesaint

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privacy preserving smart contracts and beyond

Quote from: smusanne on September 08, 2017, 05:14:44 PM

I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

Right, it is very important to be able to think clearly while trading. Monitoring the market price is somehow an can be very stressful and if we get emotional in monitoring, it can lead decisions that we are going to regret.

I have panic sell during the hard fork. I have lost more than 50% profit that I could have earned. I really do regret it and I wish that I could go back time to stop myself from selling. But of course, I cannot and what I can only do is to accept what happened.

smusanne

newbie

Activity: 14

Merit: 0

I find that for the most part I tend to panic once the price of my coins is crashing but has recovered slightly and I do not know if it will crash again or recover fully. I find it is best to just remain clear headed and think with clarity but I know that my fear inhibits that slightly. I am however very good at forgetting about a trade once i have made a decision.

arpon11

sr. member

Activity: 882

Merit: 282

Panicking is what we have as human, time to time and many traders lose heavily because of panic selling and I think emotional panic is not good for traders. I could remember selling my litecoin at loss when the price fell to $23 and I see not hope of pushing back and now litecoin has gone as high as $75 three months after I sold my position.

hurain

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Quote from: enwi on September 08, 2017, 08:34:07 AM

if the price we buy suddenly goes down we certainly will panic and I have also experienced it, but now I have learned and can see that the price will definitely rise again, all we have to do is wait and be patient

yes that is very natural. i think that very few people may have the ability not to get panic or those people have have a big amount of money who do not care for the payment that they have invested in bitcoin, or wise if a person have invested a good amount of money then he must get panic if the price fell down. therefore i think that it is nature when the price comes .own we get panic.

No.14

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Quote from: nemagia on September 08, 2017, 05:27:27 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.

If it is easy to do, I bet all trader will succeed, but not many lose. Do not talk baselessly.

Fireblade

hero member

Activity: 770

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Quote from: bohr on September 05, 2017, 07:08:02 PM

Quote from: Champ1 on September 02, 2017, 08:31:27 PM

I try to refrain from selling on a loss, because ultimately you haven't lost money until you sell.

When a market just bombs, even against the TA - sometimes it's hard to resist that panic.

I think the best way to avoid to panic is to be completely sure before you even invest in a coin, if you know that the project you have invested is a good one then you do not have a reason to worry, in fact you could take that opportunity to buy even more, that way you reduce the average price of your investment and when the market goes back to normal you will be in profit.

to me i think the best option is to to get a good experience first, because experience make man perfect and then we can avoid panic, because we can see that most of the inexperienced make a big panic in the market. in fact they do not know about the market and about the nature of the coin in which they have invested money therefore when the price start decreasing the get panic and start panic selling the also effect the whole market.

Nameless27

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Quote from: Smarty14392 on September 08, 2017, 08:23:45 AM

Quote from: Nameless27 on September 06, 2017, 11:02:14 AM

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

What makes you panic and how do you react to it?

If rumors made by many higher ranked forum members is circulating around and news of banning and sells. It makes me dizzy ,disoriented and sometimes emotions strikes me hard. When that pressure is beyond my threshold of control I can't do anything but to cash out any funds I do have. I've been like this since then but experienced teach me sometimes to calm down.

Get a hold of yourself boy. I will recommend you to trust in your instincts first. Listen to everyone but follow no one. One more thing, if you have some fear don't run away from it, face it and conquer it. Our mind creates a whole issue out of nothing sometimes.

Thanks, that's nice of you. Maybe my fear doesn't compliment my own strategy, I've trust others more than my own for the reason Ive failed multiple times and don't get the results I actually think is profitable and turned badly wrong and losing is just something that I wanted not to be with again. For your advice it's highly appreciated.

doomistake

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Quote from: chichigirl on September 08, 2017, 04:19:14 AM

Before, when panic strikes me, i always sell my altcoins even if i did not get any profit but instead i can get a loss from my investment. It's my solution and helped a lot to calm me down. But now, it's really different, i know how to handle it properly.

I guess we are all doing the same thing if we are panicking, we are afraid of losing profits that is why. Sadly, this will be the thing that we are going to regret in the end. I remember last time my friend sold his ADX token at 0.00012 bitcoin per ADX then the price just pump in 0.00018 in just a minute, his face was so annoyed that time.

So, if you guys don't need the money, don't sell your token just because it is on a DUMP state, be patient and wait for the PUMP state, so it will be worth it.

enwi

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if the price we buy suddenly goes down we certainly will panic and I have also experienced it, but now I have learned and can see that the price will definitely rise again, all we have to do is wait and be patient

Smarty14392

sr. member

Activity: 560

Merit: 286

Quote from: Nameless27 on September 06, 2017, 11:02:14 AM

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

What makes you panic and how do you react to it?

If rumors made by many higher ranked forum members is circulating around and news of banning and sells. It makes me dizzy ,disoriented and sometimes emotions strikes me hard. When that pressure is beyond my threshold of control I can't do anything but to cash out any funds I do have. I've been like this since then but experienced teach me sometimes to calm down.

Get a hold of yourself boy. I will recommend you to trust in your instincts first. Listen to everyone but follow no one. One more thing, if you have some fear don't run away from it, face it and conquer it. Our mind creates a whole issue out of nothing sometimes.

Ponylon

member

Activity: 126

Merit: 10

I've just told myself that I will hold for the next decades, no matter if the market is +50% today or -50%

if you take that decision these daily crashes don't affect you one bit

GoodLuck2

sr. member

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Merit: 251

Quote from: marcuslong on September 07, 2017, 11:32:48 AM

I don't panic because i know that once the altcoin dump it will recover with in a week or depends it will test your patience on how long you can hold your coins all works need patience and if you don't have that then sorry for you because you already lose the profit and lose the opportunity to earn more than your expecting profit after your panic you need to experience this kind of tradings

You are wise if you have that much command over your emotions and never do panic selling that too with altcoins when they are even not much expensive. You should try your luck with bitcoins and I am sure you are going to make handsome profits with bitcoin trading because of your calm nature.

Topic: How do you Panic? - page 41. (Read 39813 times)