How do you Panic? - page 46. | Bitcointalksearch.org

MyIdeas

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Quote from: batang_bitcoin on August 24, 2017, 01:25:50 AM

Quote from: btc78 on August 24, 2017, 01:10:52 AM

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

There's a big risk in crypto currencies and if you have a weak feeling or heart you'll feeling sorry about it. And when I panic, I usually almost sell all my stash, all the coins and my main coin which is bitcoin. That's why I hate that feeling when after selling those coins, there's a 50%++ increase and I really regret.

There is always risk in trade because you never get to know what all is happening next. Sometimes you are waiting for a high up in price and suddenly there is a plunge and you are heart-fell on it. You have to control your emotions even if it is a matter of profit or loss but yes its difficult especially in loss when you sell and next day it goes like 20%+

supercanada1

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Quote from: zzwensel11 on August 26, 2017, 04:35:38 AM

I just found this: "The four simple steps to counter a panic attack: 1. Relax, 2. Stop Negative Thinking, 3. Use Coping Statements, 4. Accept Your Feelings." I should have known about this before I started trading crypto's.

This is helpful. I think I must start this new exercise to avoid being panic. I use my own strategy for avoiding panic that is I go outside, go to see my friends, go for exercise, spend time enjoying nature, comes back home, avoid thinking negatively, start thinking further strategy and planning. And the stress is gone. But now I am so used to it that I don’t get panic so easily.

ProzCoin

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Quote from: ruslangitelman223 on August 25, 2017, 07:25:42 AM

Quote from: xFiber on June 28, 2017, 03:11:58 AM

I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.

I agree with that it is not needed to panic. It is needed always to control itself and investments. And reasons for panic, as time showed, - no.

you need to know that it is not easy to control your emotions over time. When you see the prices of altcoins or bitcoin are low, you will feel panic and there will be a strong feeling tell you that you should sell all of your bitcoin. I have been in trading for a year and right now, I still find it struggle when we see the coins which we are holding go down

ReLieD

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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?

Let me take example of Bitcoin. Even if the price of Bitcoin fall , I know that they will surely rise , so there is no need for anyone to panic when it comes about Bitcoin. You just have to do an RnD of it before buying or investing.
Well I don't prefer to buy bitcoins , I just earn them keeping me away from any risks and free profit

hovrah

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Quote from: Kevin77 on August 26, 2017, 04:53:47 AM

Quote from: adzino on August 25, 2017, 07:34:14 AM

Knowledge/learning and experience/skills are two different things. Just knowledge won't get you anywhere, you will need experience and skills too.

Very well said. Just knowledge can’t take you to the highness of something. Experience must be in pair with knowledge so that both can cooperate with each other resulting to make a good move. Same is the case in trade, you being panic can’t make good decisions.

You must have knowledge, just use your experience that you had with your last time panic situation and make a good profitable result. Don’t be panic, get experienced with it.

The fact is that when there is a stable income and it is enough for you, then you practically calm down. But when you are engaged in crypto currency and you get much more than you expected, then any price fluctuations and excitement on the exchange, very much starts to influence the psychological state. I'm not so much in panic, but that nemesis can be the case when nerves are taken.

Kevin77

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Quote from: adzino on August 25, 2017, 07:34:14 AM

Knowledge/learning and experience/skills are two different things. Just knowledge won't get you anywhere, you will need experience and skills too.

Very well said. Just knowledge can’t take you to the highness of something. Experience must be in pair with knowledge so that both can cooperate with each other resulting to make a good move. Same is the case in trade, you being panic can’t make good decisions.

You must have knowledge, just use your experience that you had with your last time panic situation and make a good profitable result. Don’t be panic, get experienced with it.

zzwensel11

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I just found this: "The four simple steps to counter a panic attack: 1. Relax, 2. Stop Negative Thinking, 3. Use Coping Statements, 4. Accept Your Feelings." I should have known about this before I started trading crypto's.

Tungsten-1

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Quote from: Lagduf on August 24, 2017, 09:57:57 PM

Quote from: TheGodFather on August 24, 2017, 07:36:11 PM

Quote from: btc78 on August 24, 2017, 01:10:52 AM

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

A lot of people are feeling same with you, because they are worried to lost or get trap by the short dump of whales. And try to sell their coin with hope to grab the more coin at the cheap price but they are know that already a big mistake to sell their coin at the dump.

these worries lead the person to be emotional and make them to take wring step, so they should be a man and tackle these kind of situations and they have to think smartly, if they make decision with emotions then definitely they loss and regret when their emotions gone. I don’t understand you words about whale, I mean who do we get trapped in whales?

ankylotic

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Quote from: ruslangitelman223 on August 25, 2017, 07:25:42 AM

Quote from: xFiber on June 28, 2017, 03:11:58 AM

I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.

I agree with that it is not needed to panic. It is needed always to control itself and investments. And reasons for panic, as time showed, - no.

in trading or in any business you should have to got enough confidence to handle pressure mostly in the case of any kind of loss you have to be strong enough to handle it and you should have to be strong enough to take take risk.
this is the only way that you can got success in the trading the person who panic all the time when got loss in the trading cannot survive long in it.

JJriver

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I stopped panicking after selling coins and was left not only without profit, but also lost money. Panic will only lead to losses in trade or investment, you need to remain cold.

adzino

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Quote from: PlanesCloud on August 25, 2017, 01:06:41 AM

No panic, no emotions - best strategy

Easy to say, hard to execute. You need to build yourself that way. You can't just loose emotions in few days. You might need few month - years of training to be harden up yourself

Quote from: zekeshawn on August 24, 2017, 06:28:07 AM

Before when I was a new in trading I panic everytime I see my portfolio in red I sell them quickly because I am afraid that I will lose all my money. I have done this many times until I got tired of losing so I told myself its better for me to learn trading first before I will trade after learning the basic I went back to trading and now my loses are few.

Knowledge/learning and experience/skills are two different things. Just knowledge won't get you anywhere, you will need experience and skills too.

ruslangitelman223

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Quote from: xFiber on June 28, 2017, 03:11:58 AM

I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.

I agree with that it is not needed to panic. It is needed always to control itself and investments. And reasons for panic, as time showed, - no.

Rnd2012

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Panic sale always happen when loosing more than 3 X and the coin market still going down here everyone sale in panic so better to put stop limit to a void that.

Sled

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When i feel something bad and i panic, i just sell all of my coins that i got because i don't think for the profits anymore, i just think for the possible capital that will back to my wallet and all i am thinking is, i will earn that money again and i will recover my loss so even though i panic often, i still think a good or positive side out of it.

daringdiscovered

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Quote from: Lagduf on August 24, 2017, 09:57:57 PM

Quote from: TheGodFather on August 24, 2017, 07:36:11 PM

Quote from: btc78 on August 24, 2017, 01:10:52 AM

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

A lot of people are feeling same with you, because they are worried to lost or get trap by the short dump of whales. And try to sell their coin with hope to grab the more coin at the cheap price but they are know that already a big mistake to sell their coin at the dump.

When the token that I'm holding will continue to dump for about a month and then when a little Pump comes up, I will sell the token that I'm holding, and I will regret it because the price will eventually PUMPS triple the price when I sold my token, and it is very regretful. So, my advice is don't panic guys. Just HODL.

PlanesCloud

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No panic, no emotions - best strategy

masterwakokok7

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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?

Normally, a simple or slight drop wouldn't make me panic. I'm not much of a risk taker actually, I set out my plans and strategies ahead. So that if the unexpected happens I'm well prepared on how I will handle the situations. I'm much aware how risky trading is, so I tend to make my self-calm as possible and I strictly follow my plan. There are instances that market will suddenly drop in some cases players immediately exits market without any heads up or something (It's quite normal in this industry). I have no power to return my losses for sure, that's why I don't invest in just one market alone. Normally, My panic attacks whenever I fail to follow my strategy and/or plan. Sudden changes would make so nervous especially if my decisions are out of my plans. My panic attack won't stop unless I fixed it over a day. (Which is my normal process, to solve a problem especially if it's a major one)

Lagduf

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Quote from: TheGodFather on August 24, 2017, 07:36:11 PM

Quote from: btc78 on August 24, 2017, 01:10:52 AM

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

A lot of people are feeling same with you, because they are worried to lost or get trap by the short dump of whales. And try to sell their coin with hope to grab the more coin at the cheap price but they are know that already a big mistake to sell their coin at the dump.

TheGodFather

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Quote from: btc78 on August 24, 2017, 01:10:52 AM

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

passwordnow

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Quote from: zekeshawn on August 24, 2017, 06:28:07 AM

Before when I was a new in trading I panic everytime I see my portfolio in red I sell them quickly because I am afraid that I will lose all my money. I have done this many times until I got tired of losing so I told myself its better for me to learn trading first before I will trade after learning the basic I went back to trading and now my loses are few.

This is very scary in my part too I don't know what to do when the price is decreasing and all of the coins on my portfolio are in red. This is the way I think, "oh no everything goes red and I would have to sell now before it's too late or I will have nothing before it gets zero."

Topic: How do you Panic? - page 46. (Read 39813 times)