Topic: Solution to overcome panic - page 6. (Read 1100 times)
Each of us has its own experience at the panic stage especially those time that we are new to this world of crypto because i myself has already experienced it. When i first invest in bitcoin. Well probably i really don't know how it works and suddenly experience some decline. I panic at that time and ask myself if i do the right thing to invest but after reading some news and information. My panic is gone little by little. I suggest that don't overthink of our investment. Educate ourself of what is happening in the market. Just relax. We dont have to get panic because if we do, we might get a big lose of what or how much we invest.
Just relax, ignore those negative news, stop checking the price everyday to prevent emotional distress by that you can control your emotions to become not a panic seller, hold your crypto be more patience and trust the process.
Best way to overcome panic is to know that blockchain is the future and will change our world
Better to not know much about it, you will either get mad or get addicted to it LOL
Take a deep breath to exhale slowly and remain calm
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
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
Check its recent price history, like year's trend. You'll observe that the price really went up high before the year ends. Joining communities or group is good but not always. You'll observe that in these groups where you can see a lot of FUDs and speculations based on nonsense.
I like your number 3 item. That's the most decent thing to do these days. Be confident, remember that Bitcoin's price is too way much cheaper years ago that today's prices.
the market is extremely sensitive to negative news more than to positive news, and panic moods are created at one time, linking things independent of each other and events. Despite all this, BTC has already managed to win back almost half of the lost and is now trading at around $ 10,000.
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
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
The solution to overcome the panic of changing prices in all markets, we can communicate with old players who already know about bitcoin prices, what else if we can talk to traders who better understand in this field, so we are not stuck in a panic about the price ..
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
Some possible solutions might help, for example1. 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
- Do not get easily instigated by oblique issues about bitcoin. Always digest the information and confirm the truth before catching the conclusion.
- Master or learn more about business and cryptocurrency. So you can know the crypto situations, and understand what steps should be taken.
The solution is to divert all your energy to something you can better well take control of. You have to understand that once you enter in the world of cryptos, you really cannot take control of the money you have invested; in fact, your only control is when you decide to HOLD or WITHDRAW. Other than that, you have no say on what or how the market will be. What is worse is the crypto market per se is fluctuating over and beyond what is expected of it. All I want to emphasize is for you to have a better understanding on how crypto's market works because when that happens, you will know how to deal with panic selling thereby avoiding incurring huge losses.
My advice, you should be patient to wait for bitcoin prices to go back up again.
And you have to be sure and believe that bitcoin prices will definitely be stable again
And you have to be sure and believe that bitcoin prices will definitely be stable again
When the market is down there is no need to panic instead one should always keep in mind to do research before investing on any commodity to avoid panic, in every financial markets there will be highs and lows like wise in the crypto market the price of bitcoins has reached from perils since its inception to above $ 7000 as of today, the price of bitcoins had a huge hit last december and has reached upto $ 20000 USD but the market had a plunge and the price is stable for some days and reached the point of around $ 7000 USD mostly there are chances for the prices of bitcoins to rise by the next quarter due to high demand of bitcoins in the crypto market.
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
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
The solution to overcome the panic of changing prices in all markets, we can communicate with old players who already know about bitcoin prices, what else if we can talk to traders who better understand in this field, so we are not stuck in a panic about the price ..
First of all, before you open a transaction, you must have a trading plan that determines the entry and exit levels (either profit taking or stop loss), based on good technical analysis and money management. Thus you will be more objective in making decisions.
Second, when there is a panic selling action, you must remain QUIET! Do not panic and do not get carried away.
All you have to do is DISIPLIN in following your trading plan. When you have to limit losses / cut losses, do the level you have "planned" before. Do not let your emotions influence the decisions you make. When you have cut loss and loss, do not be disappointed or sad. Be thankful because the losses you are experiencing are controlled.
Second, when there is a panic selling action, you must remain QUIET! Do not panic and do not get carried away.
All you have to do is DISIPLIN in following your trading plan. When you have to limit losses / cut losses, do the level you have "planned" before. Do not let your emotions influence the decisions you make. When you have cut loss and loss, do not be disappointed or sad. Be thankful because the losses you are experiencing are controlled.
3rd choice I think is most helpful, because it is true.
without faith and patience you will never achieve anything. these two points are very important if you do not have those two points then do not ever expect to be a successful person.
without faith and patience you will never achieve anything. these two points are very important if you do not have those two points then do not ever expect to be a successful person.
Theres only one solution to overcome the panic and that is only invest what you can afford to lose. If you don't care about your investment then you are not going to panic and since you are not going to panic thus your problem is solved.
I could add up with that also about how to prevent or to experience panic in bitcoin investment especiallybif bitcoin market price fall down relatively in a bad situation.
So what are you going to do? Hold your investment for a while a and focus yourself in other areas of your life to keep you busy. You will avoid checking the bitcoin market price so as not to compromise the investment. Believe in it because bitcoin never fails you to profit. You will only have to trust the bitcoin and surely you will meet what you want at the end of the day. This could be the best way for you to do for now.
So what are you going to do? Hold your investment for a while a and focus yourself in other areas of your life to keep you busy. You will avoid checking the bitcoin market price so as not to compromise the investment. Believe in it because bitcoin never fails you to profit. You will only have to trust the bitcoin and surely you will meet what you want at the end of the day. This could be the best way for you to do for now.
So you are saying that education is to key to overcoming ignorance, pretty sure that is probably the most common piece of knowledge out there.
I have some better advice for the bitcoin newbie;
1. Avoid pump and dumps, you will get burned, do not believe the lies or graphs.
2. Stay away from novelty coins unless you get in and out quick, they will be dumped eventually, DOGE is an exception
3. Just because a coin is listed on an exchange doesn't mean it will be pumped, often the moment it hits the exchange it collapses to nothing.
4. Take your time, don't act too rashly, you will find that you will make better decisions after understanding the cryptosphere in general.
I have some better advice for the bitcoin newbie;
1. Avoid pump and dumps, you will get burned, do not believe the lies or graphs.
2. Stay away from novelty coins unless you get in and out quick, they will be dumped eventually, DOGE is an exception
3. Just because a coin is listed on an exchange doesn't mean it will be pumped, often the moment it hits the exchange it collapses to nothing.
4. Take your time, don't act too rashly, you will find that you will make better decisions after understanding the cryptosphere in general.
Wow theres alot of good advice here and most of it is correct!
1. Buy a cryptos
2. Then turn off your exchange
3. check weekly or ever 3-5 days on it
Agree with you, buy now is the best time to buy bitcoin and invest in crypto currency because price is now at increasing phase and price of bitcoin will increase very high for sure, at the time of investment make your plane that you will never make any exchange till bitcoin price will become the highest price ever, keep your eagle eyes on the market of bitcoin so you will grab the chance to buy at very perfect price instead of crying later on spit milk. So hold and much as you can hold.1. Buy a cryptos
2. Then turn off your exchange
3. check weekly or ever 3-5 days on it
Exactly! do keep on an on your investments but dont always follow news for making investments or cashing out!
Wow theres alot of good advice here and most of it is correct!
1. Buy a cryptos
2. Then turn off your exchange
3. check weekly or ever 3-5 days on it
Agree with you, buy now is the best time to buy bitcoin and invest in crypto currency because price is now at increasing phase and price of bitcoin will increase very high for sure, at the time of investment make your plane that you will never make any exchange till bitcoin price will become the highest price ever, keep your eagle eyes on the market of bitcoin so you will grab the chance to buy at very perfect price instead of crying later on spit milk. So hold and much as you can hold. 1. Buy a cryptos
2. Then turn off your exchange
3. check weekly or ever 3-5 days on it
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