Topic: Stop panic and remain focus in crypto and BTC trade. (Read 122 times)
Bitcoin investors and traders cannot easily avoid from panicking particularly if they are still beginners but the moment they can adjust to that, at least they should start to avoid from panicking as it will only destruct their focus to achieve their goals. However, it takes knowledge and right attitude towards your investment so that one will not resort into panic. If you have the discipline and emotional management, then you can easily get rid from panicking.
Anyone who panics too much in any situation including BTC trading, should go do a check on themselves, because it could be a phobia. The fear of trading or investing or of taking risks could have a name. I wonder what it is called?
It is normal to panic as a new entrant into the trading world. If you are just joining, now when the price is almost above, if not above 30k, the signs of panic would take the shape of asking questions that one would have normally known.
With focus as to why you started trading, nothing should deter you from still going about your trade despite the charges or fees or market speculations. Fortune favors the brave, not those who panic in the face of challenges.
No need to stress further. No true successful crypto trader, lost focus even when it comes to bearish seasons, that's why we have them many and why the decentralized system as well as the P2P, as an initiative works well.
It is normal to panic as a new entrant into the trading world. If you are just joining, now when the price is almost above, if not above 30k, the signs of panic would take the shape of asking questions that one would have normally known.
With focus as to why you started trading, nothing should deter you from still going about your trade despite the charges or fees or market speculations. Fortune favors the brave, not those who panic in the face of challenges.
No need to stress further. No true successful crypto trader, lost focus even when it comes to bearish seasons, that's why we have them many and why the decentralized system as well as the P2P, as an initiative works well.
Panic will not help you to achieve your BTC and crypto goals, if you continue panicking every new move of crypto and BTC price because, panicking will not allow you to focus with the current price and the future price than to make you have some doubt that will make you regret with your choice. Panic always bring negative things into the mind of traders, that will make them to deceive themselves and other to sell their coins base on the little move of the market not knowing that the price will still increase higher in the future. Now that the price of BTC has increased higher in the market, will you still panic with this new moved of the price of BTC or to remain focus for a better future?
Your option is highly welcome.
Panic is normal since we are just human beings on which it cant really be that able to avoid even lets just say that you are really that having the experience or veteran on this market on which there are situations or Your option is highly welcome.
conditions on which you would really be able to make yourself that able to panic or having those kind of doubts or simply emotions.The difference about those newbies and veterans is on how they would really be handling out themselves when it comes to that situation which it would be understandable for someone who does have that sufficient experience which they do know on what they should gonna do on such condition.
Unlike if you are a noob then you would definitely panic sell or simply making out things which arent supposed to be done.
Focus and perseverance and patience would really be the key on sustaining yourself into this crypto space because if you dont then you would really be hardly be able to survive this space.
Quote from: rat03gopoh
What are the parameters to indicate someone is in a panic?
Here are some of the parameters to indicate that someone is in a panic:1) The person will get confused to rush to sell before the price will increase more in the market or against his or her wish.
2) the little move of the market price will make him or she not to hold long than to trade at the moment and regret for the decision.
A competent investor always concentrates on their goal regardless of price movement since they understand that the market is full of ups and downs. That is why they always invest for the future, which does not lead them to fear because they understand how the market works.
Panic somehow is part of the market but not that it must happen. Most people who panic are new traders or hodlers in the market because they are confused on the volatility of the market. To avoid being put down by panic as a trader you have to use good management and don't take huge risk. At all market also, you need to set your stop loss incase so you only can lose like 1-2% of your fund on the market and not to lose all.
Well said. It's interesting how much traders underrate the power of discipline and proper risk management when it comes to trading. I used to overlook this in the beginning of my trading career but now, it's on the top of my priority list. No matter how juicy or interesting the trade opportunity or opportunities are, I always have to follow my risk management rules strictly. Once a proper risk management system is set, trading psychology is the next item to be learnt. Whoever masters both have nothing to do with panicking.
Panic will not help you to achieve your BTC and crypto goals
To avoid any unnecessary means to getting being panic at any time is for you to have the understanding of what you're investing on, know when it's the best time to invest, which currency to invest and how you could best store your assets of investment in a decentralized and secured ways without having any institutional role over them, as a newbie, learn to trade bitcoin, when you're more bouyant enough for altcoins you can make some additions later to your portfolios.
if you continue panicking every new move of crypto and BTC price because, panicking will not allow you to focus with the current price and the future price than to make you have some doubt that will make you regret with your choice.
What you have decided to invest and how you're knowledgeable will determine if you win panic by any means or not, most of the things we experienced were caused from the lapses we had while investing or during our trading, someone that knows less can't avoid making mistakes because he will always be gripped with fear of missing out
you will be in panic mode if you don't believe on where you invested your money. because if you have done your prior assessment, you would know the risks involved and how are you gonna surpass such risks if in case things go sideways. the more you know about your investments, the more confident you will be in making decisions.
Quote from: rat03gopoh
What are the parameters to indicate someone is in a panic?
Here are some of the parameters to indicate that someone is in a panic:1) The person will get confused to rush to sell before the price will increase more in the market or against his or her wish.
2) the little move of the market price will make him or she not to hold long than to trade at the moment and regret for the decision.
Panic will not help you to achieve your BTC and crypto goals
To avoid any unnecessary means to getting being panic at any time is for you to have the understanding of what you're investing on, know when it's the best time to invest, which currency to invest and how you could best store your assets of investment in a decentralized and secured ways without having any institutional role over them, as a newbie, learn to trade bitcoin, when you're more bouyant enough for altcoins you can make some additions later to your portfolios.
if you continue panicking every new move of crypto and BTC price because, panicking will not allow you to focus with the current price and the future price than to make you have some doubt that will make you regret with your choice.
What you have decided to invest and how you're knowledgeable will determine if you win panic by any means or not, most of the things we experienced were caused from the lapses we had while investing or during our trading, someone that knows less can't avoid making mistakes because he will always be gripped with fear of missing out
Panic somehow is part of the market but not that it must happen. Most people who panic are new traders or hodlers in the market because they are confused on the volatility of the market. To avoid being put down by panic as a trader you have to use good management and don't take huge risk. At all market also, you need to set your stop loss incase so you only can lose like 1-2% of your fund on the market and not to lose all.
I agree with you, in crypto-market panic is almost created every once in a while, and the people who get affected from those FOMO are the ones whom we can call inexperienced investors/traders. I have seen such people who always fear to accumulate Bitcoin because they thing that the current price of Bitcoin is very high and if we buy it now then it will drop further down in coming days. Because of such fears, those investors just only dream about buying Bitcoin, and in actual life they don't have the daring confidence to invest in it.
The market has always been volatile and it will always remain volatile, and if someone who gets scared because of the volatility of the market then that user should never ever delve into crypto-currencies. The Bitcoin is still far stable in volatility compared to some shit-coins, as they are totally out of control and move up and down like a heart beat.
Panic always bring negative things into the mind of traders, that will make them to deceive themselves and other to sell their coins base on the little move of the market not knowing that the price will still increase higher in the future.
It is only natural for a newbie trader or someone that just got into the Bitcoin or crypto ecosystem to panic at any slight price movement, but it is mostly associated with altcoins not Bitcoin. Most newbies are now aware of the fact that Bitcoin price will surely go back to it's ath price it will only take some time but it's certain that it will return back, but the same can not be said for altcoins so if a newbie should panic at the price movement of altcoin then it's understandable.
Quote
Now that the price of BTC has increased higher in the market, will you still panic with this new moved of the price of BTC or to remain focus for a better future?
Your option is highly welcome.
Your option is highly welcome.
Like I said earlier, it's only natural that newbies panic at price movement. Imagine putting your money into an investment for the first time and all of a sudden the price of that stock drops by 5% - 10% I'm sure you'll have the tendency to panic and even sell to reduce further losses that's what is also happening in the case of newbies panicking.
You won't expect a hodler to start checking the price of Bitcoin every now and then, they don't even concern themselves with the current price of Bitcoin so you won't expect such a person to start panicking at price movements.
Panic will not help you to achieve your BTC and crypto goals, if you continue panicking every new move of crypto and BTC price because, panicking will not allow you to focus with the current price and the future price than to make you have some doubt that will make you regret with your choice. Panic always bring negative things into the mind of traders, that will make them to deceive themselves and other to sell their coins base on the little move of the market not knowing that the price will still increase higher in the future. Now that the price of BTC has increased higher in the market, will you still panic with this new moved of the price of BTC or to remain focus for a better future?
Your option is highly welcome.
You have made an interesting topic here which based on the current situation. I am also facing the same thoughts in my mind which are keep telling me to book the profit but other side of me also keep telling me not to book.Your option is highly welcome.
Because i do know market still has potential to at least touch $40k maybe it could touch $50k too. But it depends on the fundamental news by different governments and institutions. I think BTC will touch $40k once the block rock got approval for ETF.
The only thought i have in my mind to avoid this panic state is, i always said myself that i am holding not doing trade so why should i fall greedy for such a small profit while by bearing small pressure i could earn more. Plus the knowledge of market's sentiments plays an important role here too because without knowledge, anyone could fall prey to market sentiments and could become panic
What are the parameters to indicate someone is in a panic?
There are trading types that buying/selling short time: swing trading, day trading, scalping. Traders don't panic, they are time frame bound regardless of slight price movements. Their focus is for today, not the future, as opposed to investing.
There are trading types that buying/selling short time: swing trading, day trading, scalping. Traders don't panic, they are time frame bound regardless of slight price movements. Their focus is for today, not the future, as opposed to investing.
The definition of panic is different for different persons but in a nutshell, panic selling or panic buying means that you buy/sell against your initial plan or without a plan.
Panic is that you are an immature trader or investor, meaning in case of a price dump you sell your coins in a loss that you initially invested for long-term duration. Similarly, if you are a trader, so you did not put a stop loss and then on negative news or price dump, you close your position in a loss.
What are the parameters to indicate someone is in a panic?
There are trading types that buying/selling short time: swing trading, day trading, scalping. Traders don't panic, they are time frame bound regardless of slight price movements. Their focus is for today, not the future, as opposed to investing.
There are trading types that buying/selling short time: swing trading, day trading, scalping. Traders don't panic, they are time frame bound regardless of slight price movements. Their focus is for today, not the future, as opposed to investing.
This thread is not about bitcoin trading, because bitcoin trading can be scalping (buying or selling withing some seconds to some minutes), day trading (which is buying or selling within a day), or swing trading which may not even be up to one or two weeks before a trader will buy and sell. So this thread is more about bitcoin investment.
As for bitcoin investment, if you are afraid to buy at once, you can DCA instead, to buy at different prices over certain period of time.
As for bitcoin investment, if you are afraid to buy at once, you can DCA instead, to buy at different prices over certain period of time.
Panic somehow is part of the market but not that it must happen. Most people who panic are new traders or hodlers in the market because they are confused on the volatility of the market. To avoid being put down by panic as a trader you have to use good management and don't take huge risk. At all market also, you need to set your stop loss incase so you only can lose like 1-2% of your fund on the market and not to lose all.
Panic will not help you to achieve your BTC and crypto goals, if you continue panicking every new move of crypto and BTC price because, panicking will not allow you to focus with the current price and the future price than to make you have some doubt that will make you regret with your choice. Panic always bring negative things into the mind of traders, that will make them to deceive themselves and other to sell their coins base on the little move of the market not knowing that the price will still increase higher in the future. Now that the price of BTC has increased higher in the market, will you still panic with this new moved of the price of BTC or to remain focus for a better future?
Your option is highly welcome.
Your option is highly welcome.
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