Topic: Solution to overcome panic - page 8. (Read 1100 times)
To overcome the crisis need to concentrate and see the nature of the problem. Sometimes the solution is simple but due to not good psychology, so it should be comfortable.
My solution is to invest within our means, never invest more than we can afford to lose. In this case, we will not feel too stressful when our portfolio is at 50 or 70% losses.
To overcome the fear of falling Bitcoins we must be smart. It's not good enough. Your destiny depends on you so you should be smart.
Always read on all news. Try not to miss any news. By doing so you will immediately get a signal if the panic selling happens. To cut down on the overestimate of assets
Always read on all news. Try not to miss any news. By doing so you will immediately get a signal if the panic selling happens. To cut down on the overestimate of assets
To get over the panic, turn off the computer and go out to exercise or meet up with friends, do not think about it anymore, you will feel more comfortable.
To your list I would also add "use your experience".This is the very important moment to avoid panic and I beleive that experienced users keep their head cool and they don't panic because past experience tought them that market will be not red forever and that the price eventualy will go up.
I agree with the 2 points you mentioned that is to search for information and also always be sure that bitcoin will recover, but for option no 2 I feel a bit hesitant because many communities of crypto merchants give wrong information and even just think of themselves. (sorry if my words are wrong)
I think everyone here must prepared before involving in bitcoin industry specially in trading, because of the volatility prices. So everytime that the price goes down we'll couldn't surprise with it and nothing to be panic. In this case do research some tips to avoid panicking. Always remember that bitcoin will rising no matter what. Be positive at all times.
Well for me my solution how to overcome panic , is to be patient , be optimistic and one of the main solution that i've done and it work so far so good is to conduct a search and ask my friends something like that gathered ideas and information , and after that review it that's all though. Don't panic just all of a sudden , and this is one of the common mistakes of the holders by the way, so learn to overcome it.
so again
1). Have patience
2). Be optimistic
3). Conduct some basic search
4). Review
so again
1). Have patience
2). Be optimistic
3). Conduct some basic search
4). Review
The solution to overcome panic is to sell as soon as possible and rebuy later.
The best suggestion still goes to diversifying investment. There are two reasons are, first, as of now, may coins/tokens are independent of bitcoin specially if the platform of that token is proven, tested and used by many. Second, by doing so, you can gain different experience that is essential in investing and the good thing is you minimized the possible loss that may incur.
I simply set an alarm for specific price. Then I'll wait until my alarm rings. In that time period, I was trying to forget all about bitcoin. So, because of that, I can overcome my panic. There are many apps that could set an alarm.
it happens to me, and I'm feeling right now. worry always always blanket the mind. if bitcoin prices are declining.
The best thing to do when it comes to bitcoin is to have adequate information, having a good knowledge of the bitcoin network will help in reducing the rate of panic at every crisis in bitcoin. Knowing how volatile bitcoin is and the way the market works will always eas your tension during dips.
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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
Don't see price always because by seeing, again and again, you will be decided ownself to sell the coin in lose.And be stronger about your patient.And try to control your emotion that helps very much I think. These are my recommendations. Try this I hope will get benefits by that. 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 read headlines that are positve on bitcoin but for altcoin I only read the twitter updates and follow link to get informed on the projects. I always tell myself that not all projects can be successful or give a great profit, so if one or two fails out of ten it is still a profit for me.
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
Hi there eduvacation.net! Those are good tips for those people just like me who sometimes got panic when the bitcoin price is falling fast. I have tried to do some of the listed tips but sometime they give me more urge to sell or buy. Example is the groups, when most of the people in the groups is saying to sell, i am pushed to sell in thinking that is the good thing. Because there are many people that are selling I just go with the flow. But later I have notice that when most of the people are selling, it is the right time to buy because most of them want to sell as fast as they can. I think what could I contribute is just stay with your plan. If you plan for a long term, stick to it and don't go with the decision of others.
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
if I choose the third one, confident and sure whatever happens. The optimist is necessary in all things especially at this point. 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
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 think the best way to overcome panic is to learn to adapt. The price of the currency is not stable, when it happened down in price, people will be panic, when you experience a lot of time after such a situation, I think you can overcome the panic, so you don't have to deliberately help others solve panic, I don't think this will have very good effect 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
For me, always do research about the value of bitcoin. Researching can help you to overcome the fear because in this youvan know when will bitcoin have a great chance to pump again. More information, more knowledge you will know and learn because of this you can have confidence to overcome your fear and panic if the bitcoin goes dump. Always remember that bitcoin will never die.
The advice I can give you is never stop pearning about Bitcoin and other cryptocurrencies especially its graph chart because once you are able to learn about trading, the lesser you’ll panic and the more you will be confident in your strategy. Of course, seeking out advices from other people have some impact too but it would be an advantage if you yourself can overcome your fears of panicking.
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