Topic: How do you Panic? - page 57. (Read 39843 times)
For me, i panic when see the price goes down, i mean altcoin which I hold and for sure when i see the bitcoin price going down, that moment I was just positif thinking, because this cryptocurrency, sometimes the price will go down and will go up as well, so that the point, i can say keep calm and hodl.
There are only two things: when I'm in high profits and when I'm nearing my loss. But most of the time I don't since I know that panicking wouldn't do any good and it will only result to further bad calls and loss of profit.
When you will be having predetermined plans for how to secure your profits and how to cut your losses early then there will be lesser chances to get panic, only those traders are not now having clearer idea for emergency situations get panic.Emotion control always play a big role in deciding our success of trading. Getting greedy or getting panic will collapse any level of strong technical analysis too. Must maintain self control so that we can have emotions within control. Panicking is basic emotion failure. Self control will save us always.
There are only two things: when I'm in high profits and when I'm nearing my loss. But most of the time I don't since I know that panicking wouldn't do any good and it will only result to further bad calls and loss of profit.
When you will be having predetermined plans for how to secure your profits and how to cut your losses early then there will be lesser chances to get panic, only those traders are not now having clearer idea for emergency situations get panic.Emotion control always play a big role in deciding our success of trading. Getting greedy or getting panic will collapse any level of strong technical analysis too. Must maintain self control so that we can have emotions within control. Panicking is basic emotion failure. Self control will save us always.
actually I don't panic,when I confirmed that its chance to buy gets the profit. in case,rate don't increase but I don't panic this.becouse I trust that it's bounce back sure.
Good for you that you don't panic because me I do panic when there are times that I'm into pressure. I usually think about of my losses and I'm having hard time to recover from those loss. And when I panic I usually all of my remaining coins, like in bitcoin when I panic I'm selling almost 90% of my total holdings there.
There are only two things: when I'm in high profits and when I'm nearing my loss. But most of the time I don't since I know that panicking wouldn't do any good and it will only result to further bad calls and loss of profit.
These both will be happen when we see the hard forking has been happened on the price chart. We all knew that bitcoin and other altcoin's price is volatile always. As of now Etherum smart contract based ICO has been implemented everyday from this year starting onwards. We need to find the price of each alts and btc accordingly and choose it on that way.
There are only two things: when I'm in high profits and when I'm nearing my loss. But most of the time I don't since I know that panicking wouldn't do any good and it will only result to further bad calls and loss of profit.
When you will be having predetermined plans for how to secure your profits and how to cut your losses early then there will be lesser chances to get panic, only those traders are not now having clearer idea for emergency situations get panic.Emotion control always play a big role in deciding our success of trading. Getting greedy or getting panic will collapse any level of strong technical analysis too. Must maintain self control so that we can have emotions within control. Panicking is basic emotion failure. Self control will save us always.
There are only two things: when I'm in high profits and when I'm nearing my loss. But most of the time I don't since I know that panicking wouldn't do any good and it will only result to further bad calls and loss of profit.
I think that for a person to whom to invite Bitcoin huge profits, panic is simply beyond control. I think that panic moods There are no such people. It's still there is someone somewhere got some Talkin, and then it starts to storm because of the price drop, then then he starts to discard all the coins that he has. This is a real panic. 
There are only two things: when I'm in high profits and when I'm nearing my loss. But most of the time I don't since I know that panicking wouldn't do any good and it will only result to further bad calls and loss of profit.
I honestly only panic when I am A: Using another persons funds, or B: when I am in crazy profit, like when btc spikes. When the price crashes It no longer bothers me even the first crash was honestly kinda exciting because i saw discounted coins. One way to take the emotional aspect out of it all for me was just to know everytime my money entered the exchange it became just #'s not $'s that helped alot because numbers dont hold as much value to me as $ or btc. It made me a much better trader. Before this my one panicky regret was not holding the 1200 dash i had when bitfinex decided to drop the currency, making me liquidate only to re add it later. Sold at around 14 and 8$. Would still had those suckers, so it would have just been better for me to have moved the coins to a cold wallet and held for much longer. Thats how most cryptos go. The longer you hold the better you have at making profit.
Do not panic and I never panicked about it. If the altcoin I hold starts to decrease. I am always sure and know it will recover. Because before investing in the coin. It's good to do the analysis first. And I think there is no reason to panic.
Panic headed people are the loser's in trade since mostly of them cannot hold there feelings and they will just easily dump there coin when they see some bad movements happening on it, but if they will learn to research first before doing some final decision of there coin I think they can erase the fact that they can lose instead they can win for waiting and holding their feelings.
Do not panic and I never panicked about it. If the altcoin I hold starts to decrease. I am always sure and know it will recover. Because before investing in the coin. It's good to do the analysis first. And I think there is no reason to panic.
actually I don't panic,when I confirmed that its chance to buy gets the profit. in case,rate don't increase but I don't panic this.becouse I trust that it's bounce back sure.
just close your computer if you panic and do something else such as watching tv.
relieves your stress =)
relieves your stress =)
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?
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?
Im a newbie in terms of trading altcoins, sometimes I made bad decisions and really pissed me off and I say "what a hell day“ but now I do concentrate and understand the nature of trading. But I starting to love trading it teaches me how to become stronger in terms of decision making. I also feel the rush and excitement when my coins pump, well its better than gambling though.
BTC is the basis of the criptomonedas, they do not sell hastily, BTC will be in a few years to more than 10000 $
Hoping for this price range it reach in couple of years. Well as of now its hovering at 2500+ around and having a roller coaster ride. Its touching 2600 and falling back to 2500$. Might be it may dip further and rise back later. Does not seems to be right time currently to buy btc.
Before I'm decide to trade altcoin or bitcoin, I'm prepare for lossing ! Cryptocurrency is a high risk trading and most people already aware of that !
When I'm buy some altcoin, I'm usually hold it as long as possible so whenever they get dump , I'm still insist to hold it compare to my friend that he's afraid for lossing
See when you buy a coin during it's initial stages that means you have faith in that particular coin and there must be some reasons. When the same coin get's listed on exchanges and it's value becomes thicker we start panicking even though it was us who believed the same sometime ago. When I'm buy some altcoin, I'm usually hold it as long as possible so whenever they get dump , I'm still insist to hold it compare to my friend that he's afraid for lossing
So, it's just human tendency to panic on events we are too happy or too sad, I have been holding bitcoins since last year and I always get tempted to sell them and sometimes end up selling a few, does not mean I don't love them, but of course I do panic too.
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?
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 don't panic at all
Usually if you panic it means that you will lose money. So even if coin i have dumps a lot or anything else happens, i still hold them till point where i get profit by selling them. I trade both Btc/USD and BTC/Alt coins, alt coins gets dumped more often of course but again, if you panic and sell them too early you won't get any profit, it's better to stay calm and keep them.
Lolz! I better not talk about it as I’m not as good trader as people are out there. I have been made bad decisions when it comes to trade and all because of panic situation only. To overcome the loss I had always kept my all the stakes on the trade to cover the loss plus to get new profit. Now I laugh why I did it and lost much of the stakes like this only.
Just spill the tea/coffe on your computer when you panic and than you will not do anything stupid 
Easy to say but its really hard to do because this thing would really depend on how strong the self control of a certain person. If hes sensible enough he would definitely do things that would make him calm down instead of panic since he does know what would be the things might be done if we are on panic mode. We usually make such bad decision when we are on this current state thats why its important to have a good self control. When i do panic i usually get out in front of my pc and do something that relieves my stress.At the end I ended up selling up, now the price is below what I initially purchased, so had I not panicked I might have ended up keeping dust.
I don't really panic much anymore. I've witnessed the volatility long enough to understand that it happens repeatedly.
I was investing though during the 2008 financial crisis, and lost basically months of income at the time within a couple days. That just sort of felt like a stomach ache lol. Terrible experience, but a lesson to be learned.
You have been through various long situations for a long time. Experience is indeed the best control in times of panic. For some people panic is a very difficult thing to avoid, so with experience everything can be solved well. Yes we have to go through various conditions to increase our knowledge. I was investing though during the 2008 financial crisis, and lost basically months of income at the time within a couple days. That just sort of felt like a stomach ache lol. Terrible experience, but a lesson to be learned.
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