Solution to overcome panic - page 3.

ambisyon

jr. member

Activity: 322

Merit: 1

Quote from: Arwinkim on April 22, 2018, 08:32:59 PM

Quote from: chocolaty on March 28, 2018, 09:42:34 AM

Newbies do not possess the skill that old members have. It is difficult to predict what will happen next based on chart which is why it is best to ask those people who have sufficient knowledge about stuffs here. Reading threads here can somehow enlighten your mind and if it still confuses you, consult someone. This is what I personally do. Good thing I know some people who are joined here ahead of me. In terms of panicking, so far I have not let my panic decide for my actions.

I agree with you. Besides, they can't stand still on their decision. They tend to explore more things that can influence their trading decision and I have to admit I am also one of them. I usually make panic selling when my asset falling. Thanks to you, it opens my mind to further ask a competent person and learn more about it. I hope this forum will be always useful to every newbie out there.

Yes, I think that is a normal reaction to people especially new with cryptocurrencies since they were affected with the sudden drop in price. Let's bear in mind that cryptocurrencies will also undergo bear market or fluctuations which I think is normal in cryptocurrency market. If anything like this will happen, just stay cool and just wait until it will recover. Sometimes it will took for a while to recover it's market price and that is what usually happens. Hold still your coins, that's it.

kaizerblitz

full member

Activity: 504

Merit: 105

I agree with that mate the only survival to do is to hodl bitcoin trust bitcoin that will recover soon this happening of dumping of bitcoin is natural. Learn applied patience that will make you to success in the end.

Eko prasetyo

member

Activity: 298

Merit: 10

I think how to respond if the price goes down requires a lot of speculation such as check the history of the price recently happened how the movement, like the trend of the last few months / last few years.You will observe that the price actually rose before the end of the year. Ask for information on about market conditions ,to senior bitcoin that you trust. The most important thing is that confident, remember that the price of Bitcoin is too much cheaper last year than current prices, remember many things that can happen to the market every time.

Arwinkim

member

Activity: 266

Merit: 10

Quote from: chocolaty on March 28, 2018, 09:42:34 AM

Newbies do not possess the skill that old members have. It is difficult to predict what will happen next based on chart which is why it is best to ask those people who have sufficient knowledge about stuffs here. Reading threads here can somehow enlighten your mind and if it still confuses you, consult someone. This is what I personally do. Good thing I know some people who are joined here ahead of me. In terms of panicking, so far I have not let my panic decide for my actions.

I agree with you. Besides, they can't stand still on their decision. They tend to explore more things that can influence their trading decision and I have to admit I am also one of them. I usually make panic selling when my asset falling. Thanks to you, it opens my mind to further ask a competent person and learn more about it. I hope this forum will be always useful to every newbie out there.

brylle34

full member

Activity: 476

Merit: 100

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

always remember in every investment there is a possibility that the your investment might lose, there is always risk in everything not just crypto but in fiat also. You should not invest on anything that you can't afford to lose because that is a very huge risk. we know that a lot of people invested on bitcoin even they don't know what is happening when the price drops they will pull out their investment and that is the big problem for a lot of investor, they don't study first what are the risk the will happen on their investment and the result is lost. bitcoin will sure recover in the future.

sammyp

full member

Activity: 854

Merit: 100

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

I will simply advice that you stop watching the price chart. It sometimes becomes very difficult to avoid selling when you see that you are loosing. You can avoid this by staying away from the price chart

cunguks

full member

Activity: 854

Merit: 101

Polkadog - Multi-Chain Defi Meme

Quote from: FRJ on April 07, 2018, 01:41:58 PM

I think joining a community can help to overcome panic.In the community, you will got the oppurtunity to share your thinking and can also know about the otherss.When you will find that not only but also a number of people are in the same position of you,then you will got strength and can be mentally consoled. So,you won't panic anymore.

Not all community can give you all those benefits. Some communities just keep telling lies and spread FUD in their discussion. The best way to overcome panic is we can ask our "pro" friend. You'll always have one friend that more knowledgable than you, cool, and not affected by FUD. It means you can ask him first if you can't even decide what to do.

Jingjess

full member

Activity: 336

Merit: 100

The Pure Proof-of-Tansaction [POT]

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

Panic is just a normal feeling specially when we see the price is falling down but to avoid this kind of feeling is just relax and sit in the corner and don't always monitor the price and come back later.

rodel caling

full member

Activity: 952

Merit: 104

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

its normal for the newbies like you lack of knowledge about the bitcoin information how to handle properly of your asset.
1. information are very important those have bitcoin or altcoins
2. joining in the signal groups are depends on the holder's monitoring into the coinmarketcap are enough for me.
the advantage joining in the signal group if your working in trade day job.
3. as newbie i suggest to all need to get skills and learn the importance of virtual crypto currency how bitcoin recover to the value after the price dip
of course yes people full understand how bitcoin recover after decrease are very confident without worrying.

next time if the bitcoin price falling dump do not panic and do not listen to the fuds making panic with you.

crossabdd

legendary

Activity: 1316

Merit: 1145

the best solution from me is keep holding. and stay relaxed, do not panic selling. this is just the scenario of the whales, they control the bitcoin price. so make the trend to get a big profit. for lessons, use only a portion of capital when the price is high. because it has the risk of falling prices.

Troysen

member

Activity: 476

Merit: 10

Panic is all mental. when you decide to be paranoid and fear creeps in then panic will take over, he problem is it costs you more often than not. the only way is to relax and make sure you are will informed with the right kind of information before you start panicking

Wylie330

full member

Activity: 258

Merit: 101

New Era of Freelancing

You are going to experience a lot of that here in cryptocurrency market. Because the market here is unlike stock market. The price is very volatile and pump & dump does really exist here. So set your mind and be prepared. You need strong balls here. When you see Bitcoin go down, do not be afraid. It is a normal phase of Bitcoin and it will go up again. Just follow a few trusted people/group when you want to have updates about crypto. Do not follow too much because it will make you confuse to decide.

Tenderino

full member

Activity: 336

Merit: 103

4. Sell it and invest in other low priced coins or promising ICO projects.

If you use it as payment method, the current price anyway does not much play a role. But I can not understand what investors think when buying at $8,000 or $9,000 per coin? I mean price was $10 per coin in the early stages, why buy so high then? Tell me your strategy?

@Mhaiang

member

Activity: 294

Merit: 10

W12 – Blockchain protocol

I've been into panic since i started doing crypto and got here on this forum. But luckily, i never let my feelings control my mind. What i did is just believe that everything is going to be alright and i never look at my wallet and the cryptomarkets for about a month that time. When i came back and got to check it, i was just amazed with what i saw. All is GREEN.

akishang

member

Activity: 434

Merit: 18

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

I think the best thing to do is to set a month on when you were planning to sell your coins. By doing that, you can avoid worrying too much and it lessens the possibility of panic selling. In my case, I was planning to sell my coins by December because that is the time that I needed the money. If this doesn't work for you, try joining a group where they are encouraging to hodl bitcoin. I am sure they will also have predictions that can help you boost your confidence on your coin.

ivankoh

full member

Activity: 1428

Merit: 120

Sugars.zone | DatingFi - Earn for Posting

Quote from: UIXID on April 22, 2018, 03:35:02 PM

When I take decisions on crypto-currencies I look at common sayings in the world media and do the opposite. The media are controlled by the world's rich people who earn money by misleading ordinary people.

Determine long-term investment in this market so that you do not have to worry too much when the market fluctuates because fluctuations in financial markets are very normal. I believe that bitcoin will achieve great value this year so investors should not be so worried about the value of bitcoin at this time.

scrototeabaggins

full member

Activity: 252

Merit: 100

Because the market is very stressful, people working in this market can be extremely stressful and very tired. It is not easy to come up from the panic, but it is possible if desired. It is enough to be knowledgeable about it and to make appropriate movements in the direction that the market can go. In addition, faith and patience are required.

dioanna

full member

Activity: 612

Merit: 102

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

thats for newbie , well we as bitcoiners rookie or already experience should contribute
we are all affected in bitcoins movement , as newbie yes i agree with your 3 pointers

to those experienced , i myself whose trading bitcoin for 2 years now i cant say that im an expert

im still exploring but i can say im ahead to some, as an experienced bitcoiner i suggest that we should

share our knowledge to newbies , feed them with pointers that can help them grow and trust and believe

in bitcoin.

UIXID

member

Activity: 308

Merit: 10

When I take decisions on crypto-currencies I look at common sayings in the world media and do the opposite. The media are controlled by the world's rich people who earn money by misleading ordinary people.

lamadu3

full member

Activity: 490

Merit: 100

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

Man, I must thank you for this post. Probably the decision might sound a bit simple, but it will work surely. I also do believe that the more information about Bitcoin, its benefits we have, the less will be the level of panic (if it even appears).

Topic: Solution to overcome panic - page 3. (Read 1073 times)