How do you Panic? - page 54. | Bitcointalksearch.org

fullypak

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Quote from: guoyu78 on July 23, 2017, 05:37:52 PM

Quote from: Babayega31 on July 21, 2017, 01:23:45 AM

Quote from: Viyamore on July 20, 2017, 11:49:42 PM

Quote from: racasanuk on July 20, 2017, 11:23:52 PM

How do I panic?
well slowly at first then suddenly

Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?

The OP wants to know what you do with that situation .A fast moving market of crypto is normal and there is always a panic creatwed there in panic buying and selling especially in the newbies . I the way you reply i think you're a pro trader in handling those occurance.

Not only the newbie guys who's been panic for past weeks new since their are actually long time guys who's been alerted for the split thats why we can see those big downfall happen for that time, But for seeing the price today I can say that the trust of big whales for bitcoins has regain back that's why we see the price is almost reaching for 3k $ as of todays report.

That’s true! We can’t limit panicking to new traders. Many old investors panicked badly in last couple of months. That’s nothing new in crypto world. People do get panicked when prices are dumping continuously. But currently, since prices are pumping again, majority has again started believing in bitcoins to make a great profit after the implementation of Segwit.

Now everyone decided what ever happen they will not do trading until August 1st. And the newbies also get alerted for this reason, and they are not doing any trading from last 2 weeks. But the panic will come common for both newbies and experience. Now we have a reason that is August 1st so anything can happen we will not get panic before this date. After this date, of course, the newbies and experience both will get panic if Bitcoin price drops.

uacoin

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When I Panic I scream and yell and then hide in the panic room Grin

Baijit20

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you know,losing is a part of trading.when I fell panicking,I just stand up and drinking water.

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Quote from: ether19 on July 22, 2017, 12:33:17 PM

I think panic happens when people don't know what they are investing into or when they risk a capital amount that is beyond what they can actually take a risk with. Many of them get greedy and when market starts to correct fear comes in and then, everyone wants to sell and cash out. Proper discipline is the only way to to counter panic.

It's psychological. Whenever you get anxious, especially in crypto, you're already exposong yourself to panicking. Newbies often lose money this way as instead of learning to hold on in the case of a decline in price, they tend to sell in panic which would be at a much lower price than when it was bought, hoping to at least salvage a few of their capital. Coins dump and pump. If you invest on a good coin and was able to enter at a good stage, evwn though thw price drops, its almost sure that it will recover.

guoyu78

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Quote from: Babayega31 on July 21, 2017, 01:23:45 AM

Quote from: Viyamore on July 20, 2017, 11:49:42 PM

Quote from: racasanuk on July 20, 2017, 11:23:52 PM

How do I panic?
well slowly at first then suddenly

Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?

The OP wants to know what you do with that situation .A fast moving market of crypto is normal and there is always a panic creatwed there in panic buying and selling especially in the newbies . I the way you reply i think you're a pro trader in handling those occurance.

Not only the newbie guys who's been panic for past weeks new since their are actually long time guys who's been alerted for the split thats why we can see those big downfall happen for that time, But for seeing the price today I can say that the trust of big whales for bitcoins has regain back that's why we see the price is almost reaching for 3k $ as of todays report.

That’s true! We can’t limit panicking to new traders. Many old investors panicked badly in last couple of months. That’s nothing new in crypto world. People do get panicked when prices are dumping continuously. But currently, since prices are pumping again, majority has again started believing in bitcoins to make a great profit after the implementation of Segwit.

ether19

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BTC. ETC. EOS

I think panic happens when people don't know what they are investing into or when they risk a capital amount that is beyond what they can actually take a risk with. Many of them get greedy and when market starts to correct fear comes in and then, everyone wants to sell and cash out. Proper discipline is the only way to to counter panic.

Viyamore

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Quote from: herurist on July 22, 2017, 02:36:08 AM

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'm not panic because that's the risk when we choice trading/ investment, just face it. Wait and see ( hold ) is the best I can do if there's something wrong with the price, not selling it ( bad choice ). But we all know panic will push you to do something not right or even worth, keep calm close your PC and leave it. Buy, sell, or even hold make different impact for trader, don't regret it. Good luck.

I agree and your stratedgy is good as same of the other professional traders who teaches me before because i am always in panic when i saw my trades go down which is wrong and i dont have any idea with my trade so i lose most of the time.

el kaka22

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Quote from: herurist on July 22, 2017, 02:36:08 AM

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'm not panic because that's the risk when we choice trading/ investment, just face it. Wait and see ( hold ) is the best I can do if there's something wrong with the price, not selling it ( bad choice ). But we all know panic will push you to do something not right or even worth, keep calm close your PC and leave it. Buy, sell, or even hold make different impact for trader, don't regret it. Good luck.

Staying away from market will help any trader to avoid getting panic. But to stay away from your PC, you must be having proper target and stoploss levels for your positions so that you can leave after setting up both target and stoploss price levels.

If you do not have strong technical analysis then staying away from market screens will not be a possible way of avoiding getting panic. Only for those traders who are good with the technical analysis can go for it.

herurist

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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'm not panic because that's the risk when we choice trading/ investment, just face it. Wait and see ( hold ) is the best I can do if there's something wrong with the price, not selling it ( bad choice ). But we all know panic will push you to do something not right or even worth, keep calm close your PC and leave it. Buy, sell, or even hold make different impact for trader, don't regret it. Good luck.

Zenithar

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Quote from: nelson4lov on July 21, 2017, 12:50:44 PM

Quote from: Bagaji on July 21, 2017, 12:36:24 PM

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.

but to me think now people become too much mature and they mostly try to hold their bitcoin. most of the people are not going to sell their bitcoin in panic like condition. but they want hold their bitcoin in any condition. they now that after 1st August the price of bitcoin is expected to increase more therefore they want to get benefit from it.

Mr.Anonymous

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Quote from: nelson4lov on July 21, 2017, 12:50:44 PM

Quote from: Bagaji on July 21, 2017, 12:36:24 PM

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.

We are know summer is not good time for investment although many teams and group trade had warning, but most trader are skip it and not care. In present is result they not care this warning and take a big loss, just by the dream blue become to rich man overnight, they loss a huge money than profit earned

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Quote from: Bagaji on July 21, 2017, 12:36:24 PM

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.

BitcoinMinierRobot

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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?

If you enter directly with all your volume and the markets go just down like in the current time, then that is stressful.
I do the following, i let a bot buy for me always new positions in the coins which i want to trade and i have really all coins in my portfolio which poloniex.com offer, because i dont know which of this coins will go up, but some of them will. Watch my youtube video if you want, you can see there my strategy and bot: https://www.youtube.com/watch?v=d1gmlbm9L3I

Bagaji

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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.

Bitcoin_Delivery

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Quote from: Dhimas Kanjeng on July 21, 2017, 12:22:10 AM

If we switch to altcoin certainly there is a risk we lose, when I panicked is when the hard fork issue that last week stronger. But I'm glad the bitcoin prices are back to normal and the panic has disappeared.

True altcoin down because of the issue indeed makes traders panic. Unlike the altcoin that goes down as usual. But if there is already a bad issue will surely come down and the decision should be taken by the trader. Whether to hold or sell.

sunsilk

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When I panic I make sure that I will not feel sorry on selling those bitcoins.

Because that's the hardest part of being a trader, you will chase for your profit because of you don't think it will rise again.

And that's going to be the start of standing on your decision.

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Quote from: BlockEye on July 21, 2017, 03:26:14 AM

Quote from: Idrisu on July 21, 2017, 03:13:54 AM

Panic is the most enemy of traders as it makes you to lose money. Professional traders take sell or buy a coin Base on their analysis of the trend and good knowledge of technical and fundamental analysis and event. I will advise traders to study very well before burning they fingers in the name of trading. Like op said all coins get dump time to time.

In every dump ,there's always a pump. It may take time but when it happen it definitely worth it. When we panic that's our lose we might regret it when time comes that we see those coins we sell having position in exchanges ,so better relax,think and never panic unless you need that money in that very moment,secured it then.

Yeah, I'm usually holding my coin no matter what happened on the price, I'm only setting a date for my convertion of all my altcoins no matter what is the price is. So that I will not panic or think anything that might distract me. Being in panic will not gonna help us.

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Quote from: Idrisu on July 21, 2017, 03:13:54 AM

Panic is the most enemy of traders as it makes you to lose money. Professional traders take sell or buy a coin Base on their analysis of the trend and good knowledge of technical and fundamental analysis and event. I will advise traders to study very well before burning they fingers in the name of trading. Like op said all coins get dump time to time.

In every dump ,there's always a pump. It may take time but when it happen it definitely worth it. When we panic that's our lose we might regret it when time comes that we see those coins we sell having position in exchanges ,so better relax,think and never panic unless you need that money in that very moment,secured it then.

Idrisu

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Panic is the most enemy of traders as it makes you to lose money. Professional traders take sell or buy a coin Base on their analysis of the trend and good knowledge of technical and fundamental analysis and event. I will advise traders to study very well before burning they fingers in the name of trading. Like op said all coins get dump time to time.

Viyamore

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Quote from: Babayega31 on July 21, 2017, 01:23:45 AM

Quote from: Viyamore on July 20, 2017, 11:49:42 PM

Quote from: racasanuk on July 20, 2017, 11:23:52 PM

How do I panic?
well slowly at first then suddenly

Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?

The OP wants to know what you do with that situation .A fast moving market of crypto is normal and there is always a panic creatwed there in panic buying and selling especially in the newbies . I the way you reply i think you're a pro trader in handling those occurance.

Not only the newbie guys who's been panic for past weeks new since their are actually long time guys who's been alerted for the split thats why we can see those big downfall happen for that time, But for seeing the price today I can say that the trust of big whales for bitcoins has regain back that's why we see the price is almost reaching for 3k $ as of todays report.

Yeah , the whales in bitcoins have a successful plan and it works i fdon't think any serious matter that will goin to happen in the August 1 but i am sure there's a panic selling again before that .Sadly but true they use media to give a worst news for the bitcoins to dump.

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