Getting into the Panic Zone is one of the best guaranteed way to lose one's investment when you are doing trading. This is one area a person has to manage well inorder to survive in trading. As to cryptocurrency trading, you must do your own due diligence by knowing what you are "investing" with so that you know the fundamentals and you can be sure that even if there would be some dump, the coin can easily recover...just like what is happening now with Bitcoin and Ethereum.
Successful traders are people who have already deleted the word panic in their own vocabulary as it can really be damaging if not controlled. The best thing to do when the market is turning into a sea of red tide is actually to buy more coins as they can be in heavily discounted state. Of course, I am assuming that you have more capital under your sleeves.
"Panicers"are actually the ones who are putting more burden on the market as they can sway the direction of a certain crypto but then we are hoping that they can gradually learned the big fact that this trading and there is no straight line here...there would be ups and downs and so many bumps along the way.
Topic: How do you Panic? - page 61. (Read 39813 times)
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?
Declining bitcoin prices drastically makes us all panic, everyone would think to sell their bitcoin / altcoin to avoid bigger losses. I usually see the movement for 24 hours, when the price is still not stable and the rise and fall then I will do the holding. But when prices continue to fall then the best way is to sell them. 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?
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?
Even the best of traders panic at some point. The only thing that does not panic is bots because its not his money but someone else. For me, I had fallen in the past for situations like that which I ended up regretting the fact that I should have waited a little bit so what I do now is just to ignore checking the board altogether and focus on something else and even avoid threads that talks about current price but after a while I check if I am doing fine, if not, the cycle begins again.
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.
This is a good thought process for when you make a good trade and it starts to get dumped on. I wrote about a similar experience I had back in February, where I doubled down multiple times and ended up coming away with a very large profit: http://www.demoinvestor.com/articles/00000000
That being said, in this situation it is foolish. You do not know that an alt coin is going to recover because your research on the investment bears nothing on the likelihood that its price reaches what you determined to be its value. The alt coin market is incredibly inefficient, to the point that trading them is 100% gambling. Trying to make money on an alt coin trade is luck based and no amount of research will change that. Your odds are just as good at a casino, maybe even better.
I only panic for coins which have low market cap for coins like btc , doge , eth and xmr i don't really care much as one day the price will surely recover. Now for alts what i normally do is further dump by selling all mu coins at a minimal loss. And once the price stops falling and i see a bit positive increase in price i purchase with the loss money and later sell for profit.
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.
I do agree crypto coins usually go through bad times and it is always tempting for one to panic but As far as i know in any given situation panicking usually just makes things worse as it clouds your judgment and should be avoidedHow 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 do not panic, I try to always stay calm to avoid making regrettable decisions in the long run .What makes you panic and how do you react to it?
It is never an encouraging sight to see my investment go down and everybody panics because you never know how long the market will bleed and how low the valuation goes,i had to sell off some coins at a huge loss once months back because i thought that it will never recover,but after five months it started another rally and surpassed the value in which i purchased.For top ten coins i will not panic like this,but that wont be the case with the rest of the coins.
I panic so bad as Newbie but improved alot recently. I learned that it's unnecessary to panic if you invested in valuable coins.
Just keep holding If the market unexpectedly goes against you. The stuff always end up reversing... exactly when, is not fully known.
Just keep holding If the market unexpectedly goes against you. The stuff always end up reversing... exactly when, is not fully known.
I experienced this before when I am new to trading. While trading in Polo, when the price suddenly drops, I also hurriedly sell my coins.You cant explain the feeling 
But now, I am used with the price movement and I do not mind if its up or down as long as I know, it can recover.
But now, I am used with the price movement and I do not mind if its up or down as long as I know, it can recover. 
To be honest, I'm already sick of the panic in other users. I understand that everyone wants to make money and does not lose a drop, but you still need to firmly believe in what will happen in the future. If the forecasts are positive, then it will be so.
This, so much. Especially if there's like a 10% drop after gaining 1000% within just a few weeks. You should always be ready to cut your losses, but if a minor correction instantly kills your confidence in an asset you probably never trusted it in the first place. Don't invest in an asset in which you don't trust.
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?
With some of the old altcoins that were dying, I would wait too long to sell to cut my losses. For that reason, I stopped buying altcoins except for the main ones that have a lot of trading volume. Most of these coins and bitcoins will probably recover after a bad drop, so I tend to hold and ride it out.
It also partially depends on whether or not you invested in an altcoin that you actually believe has great potential. If you just casually buy any altcoin (that you don't necessarily believe in), then a good time to sell is when you've doubled your profit. I believe in Solarcoin, so even if the market crashes to 5000sat or even 1000sat, I'm in for the long haul. My recommendation is to buy an altcoin that shows significant potential, has developed some sense of stability over the course of a year or more and who has the founders actively working to continue to promote the coin.
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?
With some of the old altcoins that were dying, I would wait too long to sell to cut my losses. For that reason, I stopped buying altcoins except for the main ones that have a lot of trading volume. Most of these coins and bitcoins will probably recover after a bad drop, so I tend to hold and ride it out.
Personally, I have gotten past that stage of panicking already. The market is volatile and all these dumps and crash are bound to happen. They will still bounce back, in fact I see the period as a way to acquire more of the coins. Recently, the whole market kept dropping hugely in value and God knows, I enjoyed it. For Altcoins, I buy when lower and sell when higher, while bitcoin remains in my wallet. How cool is that? It is normal though to get panic for an altcoin depending on the percentage drop but not for bitcoin.
for me it depend how much percentages the dumped for each coin which is i have already to trade because if only less than 10% usually i still hold my asset untill the situation change or the price recover but if the dumped more than 30% and it is happened at the same day then cutting my loss will be my wise actions to safe my money
Of course I understand that each user does not rise for his money, but you need to understand that some specifically start to raise panic And thereby manipulate the market so that others start selling Bitcoin and thus drop Well, so that there is an opportunity to buy Bitcoin for a cheaper price.
for me it depend how much percentages the dumped for each coin which is i have already to trade because if only less than 10% usually i still hold my asset untill the situation change or the price recover but if the dumped more than 30% and it is happened at the same day then cutting my loss will be my wise actions to safe my money
I panic very rarely as most of my investment is earned online so nothing from my pocket and I know that if I get less somewhere then I'll make more profit somewhere else. So no problem overall. I panicked in my learning phase but was using a demo account then.
This is a normal matter of any trader newbie on the world's, but sometime I think it is an issue for all traders although you have more experience on market if you not paying attention and careful your Balance. Finally, after a panic seller and take some loss, we will have precious experiences and can use that for the road trading in future! I panic very rarely as most of my investment is earned online so nothing from my pocket and I know that if I get less somewhere then I'll make more profit somewhere else. So no problem overall. I panicked in my learning phase but was using a demo account then.
It is a practice among many online entrepreneurs like they will never treat their online earning seriously compared to real time job. This may be due to they are earning online only in their spare time that is the reason they are not giving equal importance/ value for online earning. But it seems it is a good practice as they are capable of maintaining their coolness when they are seeing their trading position is losing its value.
Obviously part time earning will be affordable to lose because you will be having regular job to take care of you and your family. When we are not trading with our committed money, we can hold our nerves so that we will never get panic.
I used to panic badly when I first started investing onto trading platforms. Now a days Im sure to losses and recoveries from losses. The first thing I learnt over a years experience is that, never panic while trading or just leave the platform when you are panic. The panic situation will lead to stress and loss of consciousness from what you are trading. Next time you will put more stakes on the same crypto in the want of getting back your losses plus adding up some profits. But this will give you more loss than profit.
You will never reach break even point if you keep panicking in the trade world. I have managed to control my emotions by overcoming my greedy trades. I usually limit myself before I can turn into panic junk. If yo can't leave without getting panic then just don't do trades.
You will never reach break even point if you keep panicking in the trade world. I have managed to control my emotions by overcoming my greedy trades. I usually limit myself before I can turn into panic junk. If yo can't leave without getting panic then just don't do trades.
I panic very rarely as most of my investment is earned online so nothing from my pocket and I know that if I get less somewhere then I'll make more profit somewhere else. So no problem overall. I panicked in my learning phase but was using a demo account then.
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?
Before that I was panicking, I usually sell all the collected bitcoins I've got. As my way of thinking is very negative, I really don't think that holding will be a good thing so that's what I do. And as the time goes by when the price of bitcoin is increasing, I'm computing on how much I did lost and regret it.
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