How do you Panic? - page 48. | Bitcointalksearch.org

danherbias07

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Quote from: glowing10 on August 20, 2017, 12:36:43 AM

Quote from: naira on August 19, 2017, 08:08:06 AM

If I hold a coin, I will try to calm down and not panic.
I will wait for the right moment to sale it

It also depends upon the nature of the person . If you generally calm by nature you will have patience and even if the price of Btc drops you will be calm and hold the coin and will not sell in panic mode just like others do . They think that it will take lot of time to rise or may not rise and sell their coins .

If it is money we are talking about even if you are fond of being patience or have grown doing it over and over it is still different.
Money changes a mans perspective. He may change his style also when it comes to trading. I know some patient guys which changes when money is on the line.
Different circumstances, different way they decide.

glowing10

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Quote from: naira on August 19, 2017, 08:08:06 AM

If I hold a coin, I will try to calm down and not panic.
I will wait for the right moment to sale it

It also depends upon the nature of the person . If you generally calm by nature you will have patience and even if the price of Btc drops you will be calm and hold the coin and will not sell in panic mode just like others do . They think that it will take lot of time to rise or may not rise and sell their coins .

maydna

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i have experience in panic in market before but for now i think i can handle it with good. i see there is many people is panic when their coins is drop and suddenly they make fast selling because they don't want to loss. but if we can handle our emotion to not panic, i think we can thinking with clear and not make decision in rush. we need to control our emotion to not become panic and stay calm even if there is a worst scenario in market and all coins we have is drop, we need to say to our self that the price will be recover soon.

Hotrod_88

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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?

What is the essence of this question? But I do not panic at all whenever the prices of those coins that I hold drops. Because I know that it will always go back to its original price or even pump more. Panicking cannot help you to gain more money it will just ruin everything. You just need to be calm and be professional in handling some business situations.

ngacengan

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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.

Yes it's true do not be an amateur trader, amateur trader is a gullible or instigated person when the price goes down, so wait until the price goes back up and you just sell or save for your future.

Ziomuro27

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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.

ngacengan

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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?

Yes it's true everyone will surely feel the panic but for me if panic then sold at a cheap price it is a careless thing I ever do, because we know in the digital currency coin movement is very volatile and can not be predicted so my choice is to hold Coin to make a profit.

ahmia39

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When I was an amateur trader, i was probably a panic trader when lost more than 20%. Over time, having been accustomed to facing trading chart and always evaluating location my mistakes continue to lose. Then i can control emotions or panic mental. In fact, sometimes almost 3 days i don't see altcoin trading chart. Because i think, when time is right. Then profit can certainly be achieved.

naira

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If I hold a coin, I will try to calm down and not panic.
I will wait for the right moment to sale it

zzwensel11

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Quote from: raven7886 on August 19, 2017, 03:50:22 AM

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.

You will make good profits if keep practicing this strategy. It is somehow cute that you know about bad control over emotions and avoid wrong decisions by not visiting your profile too much. Being patient is all that is demanded in trading. Since we all know that coins regain their values, so it is highly stupid to sell them off in dumping stage.

I found out that going on a holiday without internet access is a good investment Wink

During my few weeks off my portfolio lost 30-40% and then regained 60% again. I am not sure if would have had the stomage to not sell a few of my positions during the bearish weeks.

raven7886

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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.

You will make good profits if keep practicing this strategy. It is somehow cute that you know about bad control over emotions and avoid wrong decisions by not visiting your profile too much. Being patient is all that is demanded in trading. Since we all know that coins regain their values, so it is highly stupid to sell them off in dumping stage.

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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.

dmamigo

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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.

A brilliant move I also follow unless I am doing a day trade. And if you are holding for long, nothing can help other than this if you aren't mentally and emotionally strong. But cutting from it totally might affect you, a proper information about the market and the coin you holding is important to keep with you, to take actions on right time. Just forget that you have hoarded them, just keep yourself updated daily.

bucker steemit

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If in that situation I will choose hold, it will reduce the sense of panic. And there are some proverbs if you want to succeed in the world of trading so as not to panic. Do not put eggs in one basket. Meaning I never trade with a single coin. If one of the coins that I bought down I still have another chance on coin. And need to remember the actual panic can be eliminated, before want to buy a coin is a good first research coin tersebut.jadi no word panic in trading.

Pommier

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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.

ladydark

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Yes,i have got panic many times when i was a newbie as it didn't had enough experience to handle the situation efficiently.I used to buy coins which were rapidly increasing in price without knowing that it is being pumped and had got panic when its price falled rapidly due to dumping and immediately sold those coins at very cheap price in huge loss.If i had made a thorough survey and found the most under valued coin to invest,then i would have not got panic and i would have completed the trade successfully.

aishyoo17

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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.

cinchin

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Quote from: shintosai on August 17, 2017, 10:14:57 AM

Quote from: Hamphser on August 17, 2017, 09:43:59 AM

Quote from: nexus99 on August 17, 2017, 08:54:07 AM

I try to ground myself and not start doing actions I would regret later. And I try not to check the prices like every second. But of course it's all easier said than done

You are right its really an easy thing to say but its really hard to be done this is why strong self control and discipline is really needed. Panic do usually happens when we saw decline of prices which is really very a normal thing but there are really disadvantage if we do such thing. Panic selling is the common mistake on most newbie traders or investors when they saw that its starting to go down they do start to rattle.

that's why better to do your homework and make sure you understand the risk before placing your entry it can be apply in all the investment that
we will going to, panic is for those who never bother to understand the flow and the movements of our investment, and for me you wont panic if
you are in the long term goal.

- Indeed, if we research and understand where we invest, we will not need to panic, because we have a basis for believing, we predict on the basis and the ability to predict come true is very large, so there is not any reason can make us panic
- Panic people are those who follow the market trend, they do not have too many skills and experience, they see the price increases they will buy and hope the price will be higher but the price will actually fall, they will panic and sell all, they do not understand and know what they invest, they just rely on luck

shintosai

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Quote from: Hamphser on August 17, 2017, 09:43:59 AM

Quote from: nexus99 on August 17, 2017, 08:54:07 AM

I try to ground myself and not start doing actions I would regret later. And I try not to check the prices like every second. But of course it's all easier said than done

You are right its really an easy thing to say but its really hard to be done this is why strong self control and discipline is really needed. Panic do usually happens when we saw decline of prices which is really very a normal thing but there are really disadvantage if we do such thing. Panic selling is the common mistake on most newbie traders or investors when they saw that its starting to go down they do start to rattle.

that's why better to do your homework and make sure you understand the risk before placing your entry it can be apply in all the investment that
we will going to, panic is for those who never bother to understand the flow and the movements of our investment, and for me you wont panic if
you are in the long term goal.

Hamphser

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Quote from: nexus99 on August 17, 2017, 08:54:07 AM

I try to ground myself and not start doing actions I would regret later. And I try not to check the prices like every second. But of course it's all easier said than done

You are right its really an easy thing to say but its really hard to be done this is why strong self control and discipline is really needed. Panic do usually happens when we saw decline of prices which is really very a normal thing but there are really disadvantage if we do such thing. Panic selling is the common mistake on most newbie traders or investors when they saw that its starting to go down they do start to rattle.

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