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Topic: When market is down A lot of traders become emotional:) What about you? (Read 462 times)

sr. member
Activity: 2226
Merit: 347
Honestly, I'm starting to think that it's better to trade on Forex. Because in this market it is too difficult to make any forecasts, I think that until the cryptocurrency market is regulated, there would not be any stability.
Your decision but i would ask you this. How come traditional fiat currencies being stable? Stability means no movements and if you do engage yourself into forex you would able to make profits even on those small movements might not be on big spreads but a considerable thing to make money but comparing on potential profits with crypto we can see the difference. It might not be backed but the money making opportunity is here if you would decide to risk up.
full member
Activity: 756
Merit: 102
Honestly, I'm starting to think that it's better to trade on Forex. Because in this market it is too difficult to make any forecasts, I think that until the cryptocurrency market is regulated, there would not be any stability.

so , do you think that forex can easily be predicted ? if it is then why are you still here lurking around on the forum ? if trading very easy in forex  , then all people should be freakin rich and will not depend on cryptos anymore but why they are still here ? meaning to say that you are wrong. fores is not easy and it cannot easily be predicted because there are also whales on them . whales are every where in any business because they are the ones that causes the price to fluctuate .

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until the cryptocurrency market is regulated, there would not be any stability.

wrong again .  if cryptos are already regulated , its price will also become more stable . just like  what happend on fiats .
hero member
Activity: 2786
Merit: 646
All you have to do is sit through one complete cycle of boom and bust and then it'll be a piece of cake.

You'll see the same threads, the same moans, the same euphoria, the same wordings, the same everything as last time. Once you realise a cycle is what it is and there'll be many more in future then you can be vastly more objective about the whole thing.
This is right which the market would really only have 2 cycles which is going up or down and as we do experience those things along the way then we can really definitely gain the idea on what would be the possible next move we would do unlike on first time encounter where we do most likely commit mistake and say up those common noob words or comments about the market and talking about being emotional then I would say its always been part.
legendary
Activity: 2590
Merit: 3008
Welt Am Draht
All you have to do is sit through one complete cycle of boom and bust and then it'll be a piece of cake.

You'll see the same threads, the same moans, the same euphoria, the same wordings, the same everything as last time. Once you realise a cycle is what it is and there'll be many more in future then you can be vastly more objective about the whole thing.
jr. member
Activity: 266
Merit: 2
The Premier Digital Asset Management Ecosystem
Having natural, innate feelings and reactions is not really a problem. It's the decisions you make, and what influences them.panuc decisions mostly come out badly. But one can make a good decision in a panic state.
full member
Activity: 532
Merit: 102
It is important to control your emotions - after all, when the market falls and you have a large deposit on your balance sheet, you are not very good. If you study the market carefully, we really see a smooth swing up and down, almost never the price is standing still. If you have a balance left down - maybe your coin will rise tomorrow and give you a good profit. Wink I invest a little in coins and still participate in ico (project xxx) - it's also possible a good profit  Wink
jr. member
Activity: 167
Merit: 2
To me, I feel happy because it’s the best time to bag more coins for the mooning days. I advise you to do so as well,
member
Activity: 686
Merit: 10
Blockchain is not going anywhere - great words, I think those who often panic, need to write this words. If you do not chase the fleeting benefits, and invest in reliable projects, I think that this strategy will pay off.
newbie
Activity: 210
Merit: 0
Emotions are an integral part of every trader, only one succumb to these emotions and do unthinkable and irrational actions, in consequence of which they lose money. And more experienced traders retain external calm. although in my head I love at least a little but a panic. As for the control of the crypto currency market, if it is controlled, the meaning in large earnings on the crypto currency will be lost and the cryptorines will turn into ordinary forex. So it's better to be a bit nervous, but to be able to break a big jackpot. Personally, I believe in the crypto currency and I am completely sure that the future is behind it. So to drop the panic and wait for the market to turn, investing in a cascade with a drop in prices even lower.
newbie
Activity: 210
Merit: 0
Being emotional when market is down is a common things happened when crypto investors and traders are not really usually in panic situation. Because they can't determine whether the market will recover up easily on slowly so all of them are conscious with their holdings especially when it comes to bitcoin. However a smart investors and traders with deeper understanding and truly believe in cryptocurrency ability to fully recover again all of us are still holding their wealth in virtual world of currency.
newbie
Activity: 154
Merit: 0
when the market fell and many people panicked so they sold their coins cheaply I think this is an advantage I just started investing and holding it until the market recovered because it would be easier to get a lead
newbie
Activity: 207
Merit: 0
The down trend is that no one expected, all traders, investors, mining, bounties, etc. However, for new investors, that is the perfect opportunity for them to take advantage and increase the success rate when holding. I am also a long-term investor. I hope I have enough patience and can control my psychology at the moment.
newbie
Activity: 364
Merit: 0
If you did not sell, then now you just have to wait for the price to rise again. I'm calm and I'm waiting for the market to turn.
hero member
Activity: 966
Merit: 513
When you see the down trend actually you need to invest your fund and take your fiat cash into crypto currencies mate. If you do that with in some months you can aqcuire the decent growth in the profit wise mate. So check the good potential cryptos and invest on it today.

Traders making money completely on the trading means they will be worry about the investment what they done on various coins. If in case any emergency they cannot able to manage it well.
newbie
Activity: 156
Merit: 0
I used to worry about that. But due to recent drawdowns of the market natreserves your nerves and calmly react now))))
newbie
Activity: 196
Merit: 0
I'm also emotional when I see the coins I like in red. It's about the connection between you and the coin that you were holding for a long time.
hero member
Activity: 2702
Merit: 704
When the market is down, I notice that a lot of traders become emotional, hopeless, and they panic. All the bragging about about their "gains" and their portfolio to anyone will listen vanishes from their minds. They forget why they started in the first place and begin to doubt their investments, so they sell... often times at a loss.
On the other hand, those who understand blockchain and the tech remain focused and care little about market swings. Most of the smartest people I know dont sit around refreshing blockfolio 500x a day.. They spend their time reading whitepapers, practicing diligence, and identifying innovation and innovators.
Blockchain is NOT going anywhere. Just because the market is down doesn't mean that devs stop developing or that projects stop reaching their milestones. The technology that's been created *cannot* be undone. As long as you've positioned yourself with solid coins, the VALUE remains the same- even if prices are down. If you believed in it 3 months ago at ATH, and no fundamentals have changed, why are you afraid?
This market is irrational, but we can mostly agree that dips like these are due to SPECULATION and MANIPULATION. If you feel EMOTIONAL when you're about to make a trade... don't do it! And if you can't stand the heat, you might need to consider getting out of the kitchen on the next run up. In the mean time, take some time to educate yourself about blockchain and decentralization if you haven't already

I agree with most of what you posted except with one part, you said that dips are caused mostly by speculation and manipulation and that is right most of the time, but also many of the high points of the market are caused by the same factors, after all the price increase at the end of the year was caused by a fundamental change in bitcoin, the activation of segwit, but the fact that we almost reached 20k should have been a clear sign the market was being manipulated and the crash that followed confirmed that.
hero member
Activity: 2786
Merit: 578
I think experienced traders will not panic or their emotions go up, things like this are common for them, so they will be patient and continue to hope the market is getting green again.
There's no need for experienced traders to panic. They know how to handle their emotion and how to take advantage of the market when it's down and keeps on dipping.

The number one enemy of a trader is his emotions, when he's uncomfortable with his skills and decisions he will ending up become emotional and will do panic selling.
newbie
Activity: 126
Merit: 0
When I first encountered trading, I was also very worried about every open deal, especially when the price went down. Now the excitement is small, but there is no panic.
member
Activity: 294
Merit: 23
In my cue ball it's a hundred percent long. I understand if I flooded 100k ... You can be fidgety, but I'm amazed at people who bought at 2k and scream that they lose money with a BTK crash 😁
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