Topic: How do you Panic? - page 49. (Read 39813 times)
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
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 )
That is the reason why I don't watch the market every minute because when I see that the price is going down I tend to feel nervous and I feel the urge of selling my coins but then I learned that I have to deal with it by means of patience.By far, this is the most simple and on point i've read. Maybe because I can relate haha. I always check polo every hour and it really make me nervous especially now that altcoins is really way too deep and red. I'll try your suggestion, I really need more patience.
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 )
That is the reason why I don't watch the market every minute because when I see that the price is going down I tend to feel nervous and I feel the urge of selling my coins but then I learned that I have to deal with it by means of patience. oh how I still vividly remember my daytrading days.. Everytime I see very small dips in the price graphs, I actually always feel the urge to panic sell. Same thing with small price rises, the urge to panic buy is also there. To sum it all up, I was very impatient. Hence obviously, I was losing alot more than I was profiting. Never again. I know better now, I only trade sort of semi-longterm(one trade a week or so). That way, the risks are way lower than daytrading.
Not saying that daytrading can't be profitable though. It definitely can, if you know what you're doing.
The amount of people that can beat the market are very low, so it it not your fault that you could not beat the market, however some people live all their life with that delusion and lose a fortune when they could make a lot more money by just buying and holding, it is a good thing that you have decided to leave day trading behind and are more conservative in your trades.Not saying that daytrading can't be profitable though. It definitely can, if you know what you're doing.
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 )
I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
Well yeah there are times like that and it happened toe a couple of times as well when a coin i've invested on died and i was left with the lowest amount possible. Though that can be avoided if you're trading with known altcoins. Still in general, being patient applies to most trades to avoid large losses.
Definitely agree. The major coins generally will recover if you have patience. And certainly, we can expect bitcoin to (as we've seen time and time again). It was the low market cap altcoins I was talking about, which can see a lot of hype early on, but die and never recover. Once it's on the chopping block for de-listing, you better hope for an exit pump and get out either way.
Bitcoins really demand patience in order to be a successful investor with them. The coins with little support often die in dumping stages.
Since it's a famous coin you no need to fear of bitcoin.You can trust the bitcoin blindly. Bitcoin is the king of all altcoin. No need to panic on anything. Some getting panic due to the Price variation. But just the price, tomorrow is 4200$.Today the price is around 4400$ and again it goes to 4000$.This price will not affect the bitcoin value .Just think the price is not goes below 4000$.
I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
Well yeah there are times like that and it happened toe a couple of times as well when a coin i've invested on died and i was left with the lowest amount possible. Though that can be avoided if you're trading with known altcoins. Still in general, being patient applies to most trades to avoid large losses.
Definitely agree. The major coins generally will recover if you have patience. And certainly, we can expect bitcoin to (as we've seen time and time again). It was the low market cap altcoins I was talking about, which can see a lot of hype early on, but die and never recover. Once it's on the chopping block for de-listing, you better hope for an exit pump and get out either way.
Bitcoins really demand patience in order to be a successful investor with them. The coins with little support often die in dumping stages.
Since it's a famous coin you no need to fear of bitcoin.You can trust the bitcoin blindly. Bitcoin is the king of all altcoin. No need to panic on anything. Some getting panic due to the Price variation. But just the price, tomorrow is 4200$.Today the price is around 4400$ and again it goes to 4000$.This price will not affect the bitcoin value .Just think the price is not goes below 4000$.
I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
Well yeah there are times like that and it happened toe a couple of times as well when a coin i've invested on died and i was left with the lowest amount possible. Though that can be avoided if you're trading with known altcoins. Still in general, being patient applies to most trades to avoid large losses.
Definitely agree. The major coins generally will recover if you have patience. And certainly, we can expect bitcoin to (as we've seen time and time again). It was the low market cap altcoins I was talking about, which can see a lot of hype early on, but die and never recover. Once it's on the chopping block for de-listing, you better hope for an exit pump and get out either way.
Bitcoins really demand patience in order to be a successful investor with them. The coins with little support often die in dumping stages.
Since it's a famous coin you no need to fear of bitcoin.You can trust the bitcoin blindly. Bitcoin is the king of all altcoin. No need to panic on anything. Some getting panic due to the Price variation. But just the price, tomorrow is 4200$.Today the price is around 4400$ and again it goes to 4000$.This price will not affect the bitcoin value .Just think the price is not goes below 4000$.
I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
Well yeah there are times like that and it happened toe a couple of times as well when a coin i've invested on died and i was left with the lowest amount possible. Though that can be avoided if you're trading with known altcoins. Still in general, being patient applies to most trades to avoid large losses.
Definitely agree. The major coins generally will recover if you have patience. And certainly, we can expect bitcoin to (as we've seen time and time again). It was the low market cap altcoins I was talking about, which can see a lot of hype early on, but die and never recover. Once it's on the chopping block for de-listing, you better hope for an exit pump and get out either way.
Bitcoins really demand patience in order to be a successful investor with them. The coins with little support often die in dumping stages.
I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
Well yeah there are times like that and it happened toe a couple of times as well when a coin i've invested on died and i was left with the lowest amount possible. Though that can be avoided if you're trading with known altcoins. Still in general, being patient applies to most trades to avoid large losses.
Definitely agree. The major coins generally will recover if you have patience. And certainly, we can expect bitcoin to (as we've seen time and time again). It was the low market cap altcoins I was talking about, which can see a lot of hype early on, but die and never recover. Once it's on the chopping block for de-listing, you better hope for an exit pump and get out either way.
okay now I don't know what to do and I am kinda panicking 
altcoins are really low for certain days now. Is it still healthy to wait for this? Do you guys consider certain days or you are really patiently wait to gain profit for the trade?
altcoins are really low for certain days now. Is it still healthy to wait for this? Do you guys consider certain days or you are really patiently wait to gain profit for the trade? I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
Well yeah there are times like that and it happened toe a couple of times as well when a coin i've invested on died and i was left with the lowest amount possible. Though that can be avoided if you're trading with known altcoins. Still in general, being patient applies to most trades to avoid large losses.
I used to panic when I first started trading and didn't have much experience. Now I don't easily panic because as long as you buy at the lowest price possible and you have patience to wait for the pump, then all is well.
I like to say, "he who panics first panics best."
I have no problem insta-dumping if my system tells me to. I know the OP is talking more about emotional panic, though. But in all seriousness, you really can't always just "have patience." Sometimes a trade is dead, and some assets never recover. In those cases, you can baghold forever, or dump to preserve what capital you have left and live to trade another day.
oh how I still vividly remember my daytrading days.. Everytime I see very small dips in the price graphs, I actually always feel the urge to panic sell. Same thing with small price rises, the urge to panic buy is also there. To sum it all up, I was very impatient. Hence obviously, I was losing alot more than I was profiting. Never again. I know better now, I only trade sort of semi-longterm(one trade a week or so). That way, the risks are way lower than daytrading.
Not saying that daytrading can't be profitable though. It definitely can, if you know what you're doing.
Not saying that daytrading can't be profitable though. It definitely can, if you know what you're doing.
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.
Same as you I don't panic. Even though the altcoins I trade is drop I'll never sell it on low price because I know that it will buy back. Yet, before I trade I choose the altcoin that has more potential to other so that I can assure that it will never be a shitcoin. Therefore, panicking will not have a good effect on our earning. 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?
Droping of bitcoins makes me panic, it makes me think a lot of what ifs. Then I'll asked them what should I do? What now? I remembered the first time I panicked, I immediately converted it into peso because it is our currency here and I converted all of it. Then a week after it get back to normal them I lose some of my money. But now I've learned my lesson that every time bitcoin drops just don't panic and wait for the pump. 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 have don't panic about this,I am positive person.
so if I can failed then I am not afraid. becouse I trust that if you failed then try again and again at the time you will become a gainer if you do continue .
so if I can failed then I am not afraid. becouse I trust that if you failed then try again and again at the time you will become a gainer if you do continue .
Sometimes when I have bought at high price and if the price starts to take dip then it creates a panic situation beacuse what if the price at which I bought will tae some months to reach . So at times I sell the BTC in panic situation
Oops! That’s so sad if you many times sold bitcoins just by getting panicked under negative market pressure. Just keep in mind that nothing is table in crypto world an even in our real lives, whatever problems we are facing, they are not permanent. Same is the case with the prices of digital currencies especially that of bitcoins. So always believe in your coins and keep holding them. 
Sometimes when I have bought at high price and if the price starts to take dip then it creates a panic situation beacuse what if the price at which I bought will tae some months to reach . So at times I sell the BTC in panic situation
Oops! That’s so sad if you many times sold bitcoins just by getting panicked under negative market pressure. Just keep in mind that nothing is table in crypto world an even in our real lives, whatever problems we are facing, they are not permanent. Same is the case with the prices of digital currencies especially that of bitcoins. So always believe in your coins and keep holding them.
Sometimes when I have bought at high price and if the price starts to take dip then it creates a panic situation beacuse what if the price at which I bought will tae some months to reach . So at times I sell the BTC in panic situation
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