Stop Panic Trading! - page 11. | Bitcointalksearch.org

MainIbem

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Quote from: peter0425 on September 19, 2018, 03:01:54 PM

We can't really avoid panic sellers, and as much as we call them out, people are gullible and will listen to any FUD or fake news and push

That sounds like the perfect strategy employed by the Whales in the market. But just as you said, it is pretty difficult to avoid panic. It is a human factor.
Education is very important in this matter. The more education about the market and about cryptocurrency and blockchain, the more prepared you will be to withstand pressure of panic selling.

McInzy

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Quote from: renes on September 19, 2018, 02:42:27 PM

There have been always such warnings -stop panic trading- even when bitcoin was $10.000 or $15.000, but $6000 could be really bottom, so that may be great thing to do now.

Bottom? I don't think there is a bottom. However, I think that we will see bullish run in the nearest future. Why? New portion of investors will come

hermankoles

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when I started trading I was often stuck in a situation where market prices continued to decline and this made me panic. the start of my trading was a big loss, then I learned the trading indicators and the factors that influenced the price fluctuations so that this picture made me more able to hold back. the market needs dynamics to keep traction going on every time, when there is a decline there is definitely time to increase and in crypto it does not take long than you invest in real business.

bandungan

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I think there are many who are already panicking at trading because coin prices have dropped dramatically above 50%. this is the thing that makes many people panic and also they become one of the losses due to a decrease in profit.

slashz9

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oh really? i think panic is a great react for some situation, because panic you can make a quick respons, i also hear about people saying in early year dont panic, guess what happen almost all prce coin is drow above 50-90%. so sometime panic is great react to make fast decision.

crypt0j0e

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Unfortunately, i think there will always be some people that will panic trade because they let their emotions govern their decisions instead of crafting and following a detailed investment plan. They should be more selective on what they're reading on social media and watch out for the fud and fomo posts that either try to get them to panic sell or panic buy. Anyway dyor and stay calm before making any investments and success can be reached. 😊

Indrawan77

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I already heard so many people frustrated because the price keep on declining and caused people regret to invest in crypto, and the people start to lose, so they spread fud to create another falling, people should always realise that crypto is not the place to get easy money, the risk is really big, but some people failed to realise this because they only care about the profit, they didn't bother to learn the basic, so they should understand about crypto and get a lot of knowledge before investing

Reid

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Quick and Dirty? Grin

I actually panic at the right time so there is not much to share with other stuffs.

Sold at the lower price because of the dumps that happened. But you cannot predict the market so a sudden dump happened again.
Bought at that price the same number of ETH that I got when I panic and got more number of that token that I am trading. Now I am seeing profit there.

I cannot say it is dirty, more of a lucky trick. Grin

burner2014

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That is right, we don't need to panic all the time, we should just trust how crypto works as we must already know that dumping of the price was just normal, we should accept it and we should be able to find ways to not incur loss every dump market.

Docnaster

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Quote from: Vangar on September 19, 2018, 02:06:41 PM

It has been noticeable that social media these days is exerting panic calls all around. These posts serve no real purpose except to take clicks and views while not helping the cryptocurrency community at all.
Keeping a cool head at times of bearish runs is no trick but is also far from easy. Even the best of us fell into the trap of panic responses, losing even more as a result. Keep the stress out of the trading business and invest only so much that you can afford to lose. We would also recommend small investments at the times when bitcoin and altcoins gradually lose value, since the period when they rise up will come.
Share here your "quick and dirty" techniques to keep calm while trading and experiences when you panicked so to help others recognize it as well and stop it in time!

https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/

Pretty sure I saw people saying this same thing in January when the price started collapsing, DONT PANIC SELL, ITS JUST TEMPORARY. And yet here we are, having lost 70% of the market cap. Sometimes panic selling is exactly the right response.

peter0425

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We can't really avoid panic sellers, and as much as we call them out, people are gullible and will listen to any FUD or fake news and push the panic(sell) button. And its going to be cyclical, newbie investors learn their mistakes, but there are x amount of newbies getting in the market every minute so the process will continue to evolved. Those who are selling today though are day traders who are just happy to make profits from this wild swings. But for those who can't control their emotions, just think that you are not losing money if you are not selling, remember that.

renes

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There have been always such warnings -stop panic trading- even when bitcoin was $10.000 or $15.000, but $6000 could be really bottom, so that may be great thing to do now.

Vangar

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It has been noticeable that social media these days is exerting panic calls all around. These posts serve no real purpose except to take clicks and views while not helping the cryptocurrency community at all.
Keeping a cool head at times of bearish runs is no trick but is also far from easy. Even the best of us fell into the trap of panic responses, losing even more as a result. Keep the stress out of the trading business and invest only so much that you can afford to lose. We would also recommend small investments at the times when bitcoin and altcoins gradually lose value, since the period when they rise up will come.
Share here your "quick and dirty" techniques to keep calm while trading and experiences when you panicked so to help others recognize it as well and stop it in time!

https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/

Topic: Stop Panic Trading! - page 11. (Read 1168 times)