How do you Panic?

[zzwensel11]

I stay away from my portfolio so that I won't panic more and might sell every coin that I have in a losing position. I know a trader must set a stop limit but I don't want to sell when I know that I lose money. I rather wait for it to bounce back again.

You will make good profits if keep practicing this strategy. It is somehow cute that you know about bad control over emotions and avoid wrong decisions by not visiting your profile too much. Being patient is all that is demanded in trading. Since we all know that coins regain their values, so it is highly stupid to sell them off in dumping stage.

I found out that going on a holiday without internet access is a good investment  During my few weeks off my portfolio lost 30-40% and then regained 60% again. I am not sure if would have had the stomage to not sell a few of my positions during the bearish weeks.

[1715044271]

1715044271

[naira]

If I hold a coin, I will try to calm down and not panic.
I will wait for the right moment to sale it

[ahmia39]

When I was an amateur trader, i was probably a panic trader when lost more than 20%. Over time, having been accustomed to facing trading chart and always evaluating location my mistakes continue to lose. Then i can control emotions or panic mental. In fact, sometimes almost 3 days i don't see altcoin trading chart. Because i think, when time is right. Then profit can certainly be achieved.

[ngacengan]

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

Yes it's true everyone will surely feel the panic but for me if panic then sold at a cheap price it is a careless thing I ever do, because we know in the digital currency coin movement is very volatile and can not be predicted so my choice is to hold Coin to make a profit.

[Ziomuro27]

On my experience I never panic if my bitcoin drops down because I know that it will recover soon and I get it with high price, just don't be a negative person think that you will get more than you expected, because if you panic everything will goes wrong, your mind and your decisions will rumbled up and that's why you can't think clearly.

[ngacengan]

On my experience I never panic if my bitcoin drops down because I know that it will recover soon and I get it with high price, just don't be a negative person think that you will get more than you expected, because if you panic everything will goes wrong, your mind and your decisions will rumbled up and that's why you can't think clearly.

Yes it's true do not be an amateur trader, amateur trader is a gullible or instigated person when the price goes down, so wait until the price goes back up and you just sell or save for your future.

[Hotrod_88]

Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?

What is the essence of this question? But I do not panic at all whenever the prices of those coins that I hold drops. Because I know that it will always go back to its original price or even pump more. Panicking cannot help you to gain more money it will just ruin everything. You just need to be calm and be professional in handling some business situations.

[maydna]

i have experience in panic in market before but for now i think i can handle it with good. i see there is many people is panic when their coins is drop and suddenly they make fast selling because they don't want to loss. but if we can handle our emotion to not panic, i think we can thinking with clear and not make decision in rush. we need to control our emotion to not become panic and stay calm even if there is a worst scenario in market and all coins we have is drop, we need to say to our self that the price will be recover soon.

[glowing10]

If I hold a coin, I will try to calm down and not panic.
I will wait for the right moment to sale it

It also depends upon the nature of the person . If you generally calm by nature you will have patience and even if the price of Btc drops you will be calm and hold the coin and will not sell in panic mode just like others do . They think that it will take lot of time to rise or may not rise and sell their coins .

[danherbias07]

If I hold a coin, I will try to calm down and not panic.
I will wait for the right moment to sale it

It also depends upon the nature of the person . If you generally calm by nature you will have patience and even if the price of Btc drops you will be calm and hold the coin and will not sell in panic mode just like others do . They think that it will take lot of time to rise or may not rise and sell their coins .

If it is money we are talking about even if you are fond of being patience or have grown doing it over and over it is still different.
Money changes a mans perspective. He may change his style also when it comes to trading. I know some patient guys which changes when money is on the line.
Different circumstances, different way they decide.

[Sidas_Crew669]

For all the time that I watch the cryptocurrency markets I do understand one thing - never, under any circumstances, to dump 100% of the coins should be left as investing 10-15% of coins because forgetting about them after six months or a year, you can discover a pleasant surprise )

Well, it is precisely that it is actually investing in cryptocurrency that has just appeared is the most appropriate way possible and less precise. Because it is that sometimes something precise is when we get the benefits at the time of purchase cryptocurrency after 1 month and less accurately is when we get the benefit of more than 1 year. Well everyone has a desire and also targets a different, but basically everything is the same. We want to get an advantage, but it all depends on how we do it.
 

[bohr]

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

[nelson4lov]

On my experience I never panic if my bitcoin drops down because I know that it will recover soon and I get it with high price, just don't be a negative person think that you will get more than you expected, because if you panic everything will goes wrong, your mind and your decisions will rumbled up and that's why you can't think clearly.

That's right. I agree with you on that. When there's a downward swing in the price of any coin, The noobs immediately start panicking. Most of the time, The panicking is fueled by fuds and uncertainty. Whales usually capitalizes of the nativity of the noobs. On my trading journey, I've come to learn that a panic sale isn't the solution where there's a downtrend or dip in price. It's the other way round — Hold (~Hodl) or If possible, Buy more while it's cheap to cut down losses incurred

[gabmen]

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

That's good. Almost all the time, panic ends up in losses. I lost a lot of btcs when i was just starting to trade due to panic, only to see the coins recover after a dump. Though improvement always comes after a setback and as you trade more, panic doesn't have thst much hold anymore

[Dudeperfect]

It was back then in my initial days of trading when I used to trade based on other's opinion and I have lost 100% of my capital most of the time and in that period, even 5% to 10% loss was enough to make me panic. However, today I invest based on my study and research and thus I rarely put myself in a panic mode. Recently, I made some investments and in the next week, I noticed 12% loss in my portfolio but since those investments were based on my research, I stood with them and ignored the loss. Today, I am almost having 22% profit without changing anything from the same portfolio.

[BITSPANISH]

Two years ago I panicked and lost 2,8BTC t win just 5$ more... That is actually the thing I regret the most in my life. It took me quite some time to forget about it, but now I am totally decided to earn them back.

If that is the biggest regret in your life then you are doing good, losing that amount of money is bad, but as you say in your post you can always get that amount of money back by trading or by offering products and services in this forum, the most important thing is to never give up, a year ago I spent a full bitcoin in stuff I needed and now I’m slowly getting it back.

That's good. Almost all the time, panic ends up in losses. I lost a lot of btcs when i was just starting to trade due to panic, only to see the coins recover after a dump. Though improvement always comes after a setback and as you trade more, panic doesn't have thst much hold anymore

After loss on market, you will receive many expericence valuable and don't sadly about this issue. Because on market don't have any trader can sure they always are winner, need spend your money for "buy" experience on market hihi.

[richardsNY]

as you trade more, panic doesn't have thst much hold anymore

Experience that you build up throughout the years with trading is definitely a major factor, but people should also understand that no matter how experienced you are, when you trade with money that isn't meant to trade with, you'll always react completely different. People don't always look at that as being a major factor, but it really is -- a calm mind is extremely important when it comes to trading a market as volatile as the one from Bitcoin.

[omonuyak]

Emotions is what gives us security to be careful on how we plan to trade in cryptocurrency market. Panic during trade is what we experienced as a traders time to time. To be a successful trader you must try to keep panicking under control in other to not cutting your successful trading early and lose great opportunity. If you keep the principle of money management you will hardly panic during trade.

[btc78]

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

[batang_bitcoin]

Well, I haven't done any sell yet but this thread has open my eyes on the potential risk of being too emotional specially seeing a down trend of the market price. I will keep all the advise here in my mind and I hope that I will not do anything stupid when it comes to selling. Its really hard to control our emotions, but I will try to keep it check.

There's a big risk in crypto currencies and if you have a weak feeling or heart you'll feeling sorry about it. And when I panic, I usually almost sell all my stash, all the coins and my main coin which is bitcoin. That's why I hate that feeling when after selling those coins, there's a 50%++ increase and I really regret.