How do you Panic? - page 52. | Bitcointalksearch.org

fanbeila

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Quote from: shamzblueworld on June 28, 2017, 02:07:18 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?

It was in early times of my trading when i got panic due to some market situations as i lacked experience and i had no clear idea about crypto coins.To avoid such situations,we have to do a thorough research and find the most under valued coin.By investing in such coin,we could remain cool even when our invested coin goes down in price as we know that it would recover soon.Panic selling is carried out mostly by newbies as they don't have clear knowledge about crypto market.

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Quote from: Jody.Drummer on July 30, 2017, 04:13:39 PM

Tranquility is desperately needed at a time when prices are falling and we know that someday they will surely come back at a price that might surprise you .. when falling so many that panic and the key is still the same we need tranquility

If one understands how this market works, knows and accepts the risks of the volatility, and doesn't invest with money that isn't meant to be invested, or in extreme cases doesn't trade/invest with borrowed money, that person will remain calm and wait out for things to settle. If you look back at how the market has been performing throughout the years, you'll understand that it has recovered from basically any sort of negavity/drama. On the other hand, reality shows that people don't know how this market works, don't know what the risks are, they in most cases greatly over-invest, etc. It's almost impossible for these people to calm down in periods with heavy volatility. Their first priority at the time the price falls, is to panic sell (mostly all their coins at once) in order to prevent them from suffering even more losses.

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Quote from: raven7886 on July 30, 2017, 03:55:36 PM

No one will prefer to get panic. Only due to lack of strong technical analysis they find situations to get panic during trading. I guess when traders will be gaining experiences and knowledge, they can avoid those panic situations.

Yeah no one prefers to get panic but when seeing the price falling everyone seems to do it just to chase the profits that they can still possibly make. I did this before and I had to admit until now I still belong to the panickers club. I just sell whenever others are selling and make the price lower.

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Tranquility is desperately needed at a time when prices are falling and we know that someday they will surely come back at a price that might surprise you .. when falling so many that panic and the key is still the same we need tranquility

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Quote from: Przemax on July 30, 2017, 04:38:35 AM

There are times for panic. But there should be no time to panic sell on a bull market, and no buy panic mode on the bear market. First you need to indentify on what market are you on, and react accordingly.

Probably it must be old way of trading like buy when everyone is selling and sell when everyone is buying. I believe it will be possible only when you are capable of identifying market extremes. Otherwise you may get struck in between and may need to wait for long hours/day to recover.

Quote from: Przemax on July 30, 2017, 04:38:35 AM

And if you want to panic or you know you could better do that the earliest way possible. If you are late to that, you should just hold up the storm as a better way of reacting to the price fluctuation, as you can not know when the storm will be over. Maybe it will be over just after you panic.

No one will prefer to get panic. Only due to lack of strong technical analysis they find situations to get panic during trading. I guess when traders will be gaining experiences and knowledge, they can avoid those panic situations.

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Quote from: shamzblueworld on June 28, 2017, 02:07:18 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?

The most important thing is to not panic and think about the nature of your investment, if you are in a solid coin like bitcoin then you should hold the price will recover but if you are in a bad coin then it is better to sell as fast as possible before the coin loses all its value.

Przemax

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There are times for panic. But there should be no time to panic sell on a bull market, and no buy panic mode on the bear market. First you need to indentify on what market are you on, and react accordingly.

And if you want to panic or you know you could better do that the earliest way possible. If you are late to that, you should just hold up the storm as a better way of reacting to the price fluctuation, as you can not know when the storm will be over. Maybe it will be over just after you panic.

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Quote from: Gameroid on July 29, 2017, 06:19:27 PM

Quote from: fullhdpixel on July 29, 2017, 04:49:44 PM

Quote from: IamHigh on July 20, 2017, 02:46:11 PM

I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.

Yep! Panicking when the prices dump badly is a normal thing in crypto trading. No matter how good you are at trading, there comes time when your coins make you panic badly. But the only solution to escape such situations with head high is to stay calm.

althogh i am felling a little confused but still not going to take any panic. i am not selling my bitcoin in panic condition.

we need to control our emotion to not getting panic when we see the price is out from our prediction. we need to stay calm like above me said and trying to not panic. my method to not get panic is when i already buy the coins, i am not take a look in the market and if i take a look, i just watch in a moment like 2 minutes and if i see the price is down, i just close the market, do some other work or take around in my city so i don't get stress with the coin. so far its work for me and i can handle my emotion with good.

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Quote from: fullhdpixel on July 29, 2017, 04:49:44 PM

Quote from: IamHigh on July 20, 2017, 02:46:11 PM

I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.

Yep! Panicking when the prices dump badly is a normal thing in crypto trading. No matter how good you are at trading, there comes time when your coins make you panic badly. But the only solution to escape such situations with head high is to stay calm.

Yeah but the question is asking how would you tackle the panic situation. Just staying calm is not the solution really, because you have to overcome your Panick mind which is not calm. The only thing we can do in such case is to think on the trade itself and try to come out with an solution which will give you a way out from big losses. This will make your mind stable. This is important to overcome any losses during the trade.

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Quote from: fullhdpixel on July 29, 2017, 04:49:44 PM

Quote from: IamHigh on July 20, 2017, 02:46:11 PM

I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.

Yep! Panicking when the prices dump badly is a normal thing in crypto trading. No matter how good you are at trading, there comes time when your coins make you panic badly. But the only solution to escape such situations with head high is to stay calm.

although i am feeling a little confused but still not going to take any panic. i am not selling my bitcoin in panic condition. i will like to hold my bitcoin for the price increase because i am sure that bitcoin price will continue increasing and hope that it will cross even 4000$ in next few months,

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Quote from: fullhdpixel on July 29, 2017, 04:49:44 PM

Quote from: IamHigh on July 20, 2017, 02:46:11 PM

I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.

Yep! Panicking when the prices dump badly is a normal thing in crypto trading. No matter how good you are at trading, there comes time when your coins make you panic badly. But the only solution to escape such situations with head high is to stay calm.

Exactly stay calm on that situation would probably help you a lot and set your mind for what is good and for what is the best way for.

fullhdpixel

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Quote from: IamHigh on July 20, 2017, 02:46:11 PM

I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.

Yep! Panicking when the prices dump badly is a normal thing in crypto trading. No matter how good you are at trading, there comes time when your coins make you panic badly. But the only solution to escape such situations with head high is to stay calm.

KingdomHearts

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Quote from: nelson4lov on July 21, 2017, 11:50:44 AM

Quote from: Bagaji on July 21, 2017, 11:36:24 AM

When it come to the issue of panic or fear of losing your investment in crypto currency i am not afraid because I invest only what I can afford to lose, and that makes me strong in my long term investment. Some of the people who panicked when the market value of Bitcoin is loosing value could be that, they invested what they cannot afford to loose 20%. So it is advisable you invest what your can afford to lose most especially in crypto currency because of its volatility.

People are naturally afraid. This is why I think It is People will panic whether or not they invested what they can afford to lose. The problem here lies in the fact that majority of people only cares about "Moon" "Rocket" "Bull run" etc. When the market start head to a downtrend, They're easily shaken. But one thing I do believe is, There's a time for everything, A time to buy dips and a time for moon. I'm always prepared for what ever comes.

Yes you are completely right, we must prepare our self for whatever comes in the future and we know that real business man is those who love to take risk so when you get lose then don’t be panic it only makes you weak nothing more, just learn from your loss and then make your next move a million dollar move.

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Well if you buy a BTC and the price decrease ALOT, Thats where you can panic.

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Quote from: Tamilson on July 26, 2017, 11:40:12 PM

Quote from: sibisi666 on July 26, 2017, 01:38:38 PM

Before I was almost immune to price drop, but friend of mine was leader in panics, especially if eth or btc going down. After bigger stake has begun to circulate, i started panic mode by myself as well Sad

i am not immune anymore ☹

I think the feeling of panic is natural to all humans, well if you dont you're not a human Grin

At the least we feel it even we say we're use to dumps.
So if you're in panic mode better not to make decisions that can affect your future plans.
Better to put your thoughts together before anything else.

I think the point is on how people should deal with the panic situations.
The trends usually makes you doing a hurry decisions , it is never be a good thing.
Cooling down yourself , think about how if you play against most people? Take that risk and see the result.

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Quote from: ether19 on June 28, 2017, 03:44:31 AM

Quote from: shamzblueworld on June 28, 2017, 02:07:18 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 am long on my investments and they are essentially my retirement funds. I still got a lot of years left to retire so I don't panic much about the corrections that happen. The secret to succeed in crypto is to hold on to projects that you believe in. And don't buy into shitty projects in the first place. This way, you panic less when tokens correct.

Actually having a goal in life and setting a lot of options in terms of trading is the best solution to avoid panic. And it is specifically panic in regards to selling when the price of a specific coin dump or drop. But we should always keep in mind that in the world of trading in a form of crypto-currency it is quite normal to experience the changes of price and value. It is just depends on how we are going to look up and stay are faith on the hands of Bitcoin. It is just a matter of decision making and management.

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Quote from: Rahar02 on July 27, 2017, 02:01:54 AM

There are some difference between trading altcoins and trading bitcoin, daily traders must know about this.
Trading is a gambling in my opinion, whether you make profits or loss.
But in bitcoin environment, there's no loss after I invest on it because the value of bitcoin keep increasing over time.
All I have to do is looking for the dip to buy and hold it for long term.
On the other hand, altcoins prices could change instantly depends on the market, so do not buy random coins but choose some famous altcoins, to check the prices look at coinmarketcap.

Trading can really be gambling if you really dont know how to trade and if you are doing day tradings then for sure you will lose up money. You can able to say that you didnt lose up on bitcoin since you are pertaining on long term holds which would eventually give you profit knowing price do really increase in upcoming months or even on weeks/days basis. Trading on alts is somehow hard but actually they do have the same concept.

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There are some difference between trading altcoins and trading bitcoin, daily traders must know about this.
Trading is a gambling in my opinion, whether you make profits or loss.
But in bitcoin environment, there's no loss after I invest on it because the value of bitcoin keep increasing over time.
All I have to do is looking for the dip to buy and hold it for long term.
On the other hand, altcoins prices could change instantly depends on the market, so do not buy random coins but choose some famous altcoins, to check the prices look at coinmarketcap.

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Quote from: wuvdoll on July 26, 2017, 01:33:36 PM

Quote from: erep on July 26, 2017, 01:23:38 PM

I am a day to day trader and there are many moments everyday where I have a habit of panicking but every time I just do a simple task. Leave the trading whenever I panic. Let it be like that, the coin will jump back after some days or weeks rarely but they do come back. So its never a problem for me.

There will be no guarantee all the coins will bounce back after few days. If you notice there are lot of coins kept dumped to one satoshi then no buyers and then getting delisted. If you chose a random coin for your trading then frequent panicking will be unavoidable.

Exactly, if you are a trader like shitcoin on cryptoria exchange, you will see anytime have shitcoin delist or go to @1 sat per coin after pump to thousand satoshi. And altcoin on exchange Poloniex not exception, you can check the chart Steem and CLAM in 2016 compare with the price in 2017, you will understand Grin

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Quote from: sibisi666 on July 26, 2017, 01:38:38 PM

Before I was almost immune to price drop, but friend of mine was leader in panics, especially if eth or btc going down. After bigger stake has begun to circulate, i started panic mode by myself as well Sad

i am not immune anymore ☹

I think the feeling of panic is natural to all humans, well if you dont you're not a human Grin

At the least we feel it even we say we're use to dumps.
So if you're in panic mode better not to make decisions that can affect your future plans.
Better to put your thoughts together before anything else.

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