How do you Panic? - page 47. | Bitcointalksearch.org

bohr

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Quote from: el kaka22 on August 18, 2017, 02:19:44 PM

Quote from: aishyoo17 on August 17, 2017, 12:51:35 PM

I stay away from my portfolio so that I won't panic more and might sell every coin that I have in a losing position. I know a trader must set a stop limit but I don't want to sell when I know that I lose money. I rather wait for it to bounce back again.

I believe a long-term holder will be able to stay away from his portfolio but a day trader cannot stay away from market screens. When you are not sure about what will be happening next then it will be impossible to stay away from your portfolio. You must have definite levels for your trading so that you can stay away from trading which must be helping control your emotions.

I am just a long-term holder and I never need to check price levels or what is happening today with bitcoin markets. I simply hold my bitcoins in cold storage and I never get chances to panic.

Good for you, even if I’m in bitcoin for the long term I still check the price from time to time to know how well bitcoin is doing but I do nothing more, I know that I do not have what is necessary to become a good trader, I know that at the moment that I put my money at risk I will be unable to separate myself from the screen of my computer, and I will be very stressed about every single little move of the market, that is why I do not trade.

batang_bitcoin

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Quote from: btc_angela on August 24, 2017, 01:52:27 AM

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.

Yes, I'm been there as well. That's why sometimes I just want to hedge my bitcoin against a dollar so that I will not panic sell but I guess I will be losing more. In the past 6 months, I usually panic and sell all of my coins, but boy I was wrong with all of the selling that I have done because when I tried to go back to see the previous price that I sell against the current price, I felt very bad and regret my initial decision to dump all of my bitcoin without leaving anything on my wallet. But then when I matured, I just ignored it now and just hodl on my bitcoin and not be affected by the panic. Its really a regrettable experience, but I guess it what makes me more matured and experienced.

This feeling is giving me a frown every time I think about those times that I've got 5+ bitcoins and I just sold it for a lower price. Well this is life but I don't have regret for selling it because I've got profit from that time and right now I'm just trying to recover from that mistake and keeps on collecting bitcoin and saving it for better.

rtinedal

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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?

That's it. First of all the price of bitcoin decreases and rises. If you have been buying at a high price and do not expect that the bitcoin price will fall you just normal. Do not sell your losses to the price. The best thing to do is buy bitcoin at low prices. Do not be afraid because you are not the only bitcoin investor.

twicezeroiszero

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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.

Honestly, you only need learn create a clearly plan before starting trading.
Because do that will helps you have target take profit, base price, take loss point and you also totally mastered in the market.
Important, don't let some rumor or opinion from other trader make you panic.

zekeshawn

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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.

Sidas_Crew669

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Quote from: gabmen on August 23, 2017, 11:22:04 AM

Quote from: bohr on August 21, 2017, 12:41:19 PM

Quote from: Pommier on August 18, 2017, 12:22:16 PM

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

That's good. Almost all the time, panic ends up in losses. I lost a lot of btcs when i was just starting to trade due to panic, only to see the coins recover after a dump. Though improvement always comes after a setback and as you trade more, panic doesn't have thst much hold anymore

Indeed basically, the panic will certainly provoke an excessive emotion. Where the emotion must only cause a new problem bigger than something that makes us panic. So if indeed we want to get a profit, patience is the most important thing. And self-control is also more important, if we can not do it then train from the beginning is the most appropriate step. For all things need a process and to deal with the process must begin with good self-control

Malsetid

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Quote from: ekoice on August 24, 2017, 01:43:31 AM

In earlier days of my trading,i used to get panic many times as i lacked knowledge about altcoins and trading.I used to invest in altcoins without making any research.So,i got panic and sold my coins at a much cheaper rate than which i bought.But after that,i started to analyze coins by reading their ANN thread,tracking their price movements and found the most under valued coin and invested it.so,even its price falls,i had no reason to get panic as i know its potential and that it would rise soon in future.That makes the difference.

Same thing. Its a normal occurrance that you panic always at the start of your trading career since you're not yet experienced to handle certain situations especially sudden dumps. Once you've gotten through that, and you realize that panic won't do anything for you, then you'll be more composed in your trades.

btc_angela

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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.

Yes, I'm been there as well. That's why sometimes I just want to hedge my bitcoin against a dollar so that I will not panic sell but I guess I will be losing more. In the past 6 months, I usually panic and sell all of my coins, but boy I was wrong with all of the selling that I have done because when I tried to go back to see the previous price that I sell against the current price, I felt very bad and regret my initial decision to dump all of my bitcoin without leaving anything on my wallet. But then when I matured, I just ignored it now and just hodl on my bitcoin and not be affected by the panic. Its really a regrettable experience, but I guess it what makes me more matured and experienced.

The_prodigy

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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 think Panoc comes when you mindlessly throw away logic and just give in to your fear or anxiety or to whatever you are seeing and not planning something. However what I do during those times is that I take a rest and plan out what are my options and check which is a compromise that I willing to take.

ekoice

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In earlier days of my trading,i used to get panic many times as i lacked knowledge about altcoins and trading.I used to invest in altcoins without making any research.So,i got panic and sold my coins at a much cheaper rate than which i bought.But after that,i started to analyze coins by reading their ANN thread,tracking their price movements and found the most under valued coin and invested it.so,even its price falls,i had no reason to get panic as i know its potential and that it would rise soon in future.That makes the difference.

batang_bitcoin

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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.

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.

btc78

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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.

omonuyak

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Emotions is what gives us security to be careful on how we plan to trade in cryptocurrency market. Panic during trade is what we experienced as a traders time to time. To be a successful trader you must try to keep panicking under control in other to not cutting your successful trading early and lose great opportunity. If you keep the principle of money management you will hardly panic during trade.

richardsNY

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Quote from: gabmen on August 23, 2017, 11:22:04 AM

as you trade more, panic doesn't have thst much hold anymore

Experience that you build up throughout the years with trading is definitely a major factor, but people should also understand that no matter how experienced you are, when you trade with money that isn't meant to trade with, you'll always react completely different. People don't always look at that as being a major factor, but it really is -- a calm mind is extremely important when it comes to trading a market as volatile as the one from Bitcoin.

BITSPANISH

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Quote from: gabmen on August 23, 2017, 11:22:04 AM

Quote from: bohr on August 21, 2017, 12:41:19 PM

Quote from: Pommier on August 18, 2017, 12:22:16 PM

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

That's good. Almost all the time, panic ends up in losses. I lost a lot of btcs when i was just starting to trade due to panic, only to see the coins recover after a dump. Though improvement always comes after a setback and as you trade more, panic doesn't have thst much hold anymore

After loss on market, you will receive many expericence valuable and don't sadly about this issue. Because on market don't have any trader can sure they always are winner, need spend your money for "buy" experience on market hihi.

Dudeperfect

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It was back then in my initial days of trading when I used to trade based on other's opinion and I have lost 100% of my capital most of the time and in that period, even 5% to 10% loss was enough to make me panic. However, today I invest based on my study and research and thus I rarely put myself in a panic mode. Recently, I made some investments and in the next week, I noticed 12% loss in my portfolio but since those investments were based on my research, I stood with them and ignored the loss. Today, I am almost having 22% profit without changing anything from the same portfolio.

gabmen

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Quote from: bohr on August 21, 2017, 12:41:19 PM

Quote from: Pommier on August 18, 2017, 12:22:16 PM

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

That's good. Almost all the time, panic ends up in losses. I lost a lot of btcs when i was just starting to trade due to panic, only to see the coins recover after a dump. Though improvement always comes after a setback and as you trade more, panic doesn't have thst much hold anymore

nelson4lov

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Quote from: Ziomuro27 on August 19, 2017, 11:01:20 PM

On my experience I never panic if my bitcoin drops down because I know that it will recover soon and I get it with high price, just don't be a negative person think that you will get more than you expected, because if you panic everything will goes wrong, your mind and your decisions will rumbled up and that's why you can't think clearly.

That's right. I agree with you on that. When there's a downward swing in the price of any coin, The noobs immediately start panicking. Most of the time, The panicking is fueled by fuds and uncertainty. Whales usually capitalizes of the nativity of the noobs. On my trading journey, I've come to learn that a panic sale isn't the solution where there's a downtrend or dip in price. It's the other way round — Hold (~Hodl) or If possible, Buy more while it's cheap to cut down losses incurred

bohr

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Quote from: Pommier on August 18, 2017, 12:22:16 PM

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

Sidas_Crew669

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Quote from: vfrcbv91 on August 15, 2017, 04:42:53 PM

For all the time that I watch the cryptocurrency markets I do understand one thing - never, under any circumstances, to dump 100% of the coins should be left as investing 10-15% of coins because forgetting about them after six months or a year, you can discover a pleasant surprise )

Well, it is precisely that it is actually investing in cryptocurrency that has just appeared is the most appropriate way possible and less precise. Because it is that sometimes something precise is when we get the benefits at the time of purchase cryptocurrency after 1 month and less accurately is when we get the benefit of more than 1 year. Well everyone has a desire and also targets a different, but basically everything is the same. We want to get an advantage, but it all depends on how we do it.

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