Kevin77
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Activity: 1652
Merit: 1057
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July 15, 2017, 08:11:25 AM |
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Bitcoin trading is far safer than altcoins trading imo, but altcoins trading could be more profitable than bitcoin trading due to pump and dump than might be happen significant in short time. So, I'm not so worry to see bitcoin prices decline but more cautious when its price rise like bull run whether I will sell or not, nor when the right time to sell. On the other side, altcoins trading will make panic when its prices decline as we know some coins won't recover for a long - long time, except for some famous altcoins.
Honestly I am to not getting panic when trading bitcoins but at the same time when trading altcoins my emotions are staying at different levels. Not panicking and being cool are only possible when we are having confident with our trading plans. When we will be having more confident about hitting targets then definitely we can keep our emotions within our control. Only at those times, sudden fluctuations will be happening we might be failing to control our emotions and getting massive panic. This type of fluctuations are most common with all altcoins. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Casabrandy
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July 15, 2017, 08:34:38 AM |
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Bitcoin trading is far safer than altcoins trading imo, but altcoins trading could be more profitable than bitcoin trading due to pump and dump than might be happen significant in short time. So, I'm not so worry to see bitcoin prices decline but more cautious when its price rise like bull run whether I will sell or not, nor when the right time to sell. On the other side, altcoins trading will make panic when its prices decline as we know some coins won't recover for a long - long time, except for some famous altcoins.
Honestly I am to not getting panic when trading bitcoins but at the same time when trading altcoins my emotions are staying at different levels. Not panicking and being cool are only possible when we are having confident with our trading plans. When we will be having more confident about hitting targets then definitely we can keep our emotions within our control. Only at those times, sudden fluctuations will be happening we might be failing to control our emotions and getting massive panic. This type of fluctuations are most common with all altcoins. That's normal especially if we wanting really to earn in trading but sometimes using our emotions can make us regret in our decision made since we being panicked we might not think well that someday somehow its value will pump too like it did before. |
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DuaLipa
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July 20, 2017, 07:28:52 PM |
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At the beginning of my trading I always feel paanik because I only have a little capital, but now I have been a little relaxed and throw away the panic it far away.
Openning a position and closing the same position are the most exciting parts of trading and it's very normal to cause excitement in your body. I panic just before I open the position. |
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IamHigh
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July 20, 2017, 07:46:11 PM |
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I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.
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piloder
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Activity: 966
Merit: 1006
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July 20, 2017, 07:52:15 PM |
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I panic when I see coinmarketcap web site with red colors and I start to think like "Oh my god, I think I lost my all" because I make margin trade with leverage. This is very risky, with a small decline I can lose my all.
If you are newbie in crypto trading than it will be wise decision to not do margin trading with leverage because if you can't predict the market move accurately than there is no point on doing trading with leverage. You will actually loss due to fees even if market doesn't move for days. And flash crashes on the prices are usual in crypto trading this can easily make you go bankrupt if you have open margin orders without any stop/loss limits. |
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racasanuk
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Activity: 94
Merit: 10
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July 21, 2017, 03:23:52 AM |
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How do I panic?
well slowly at first then suddenly
Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?
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Member ✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯ |
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noictib
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July 21, 2017, 03:31:39 AM |
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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?
This is usual thing for anyone doing trading because most of the people are normal in the prediction and no one have the surity that how much his prediction will go right . Here I myself when made bad descion to bad wrong coin then I instead to worrying and doing nothing , I bought that coin more at low rate because if I will buy them at low rate then my total investment will have the value about average of the bought earlier and today at low price , so in this way with the samll increase in the price I can recover my loss easily . But sometimes the coins get dead , so I just hold in the wallet instead to think more and to worry, because in that case we can't do nothing . |
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Viyamore
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July 21, 2017, 03:49:42 AM |
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How do I panic?
well slowly at first then suddenly
Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?
The OP wants to know what you do with that situation .A fast moving market of crypto is normal and there is always a panic creatwed there in panic buying and selling especially in the newbies . I the way you reply i think you're a pro trader in handling those occurance. |
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Dhimas Kanjeng
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July 21, 2017, 04:22:10 AM |
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If we switch to altcoin certainly there is a risk we lose, when I panicked is when the hard fork issue that last week stronger. But I'm glad the bitcoin prices are back to normal and the panic has disappeared.
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Babayega31
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July 21, 2017, 05:23:45 AM |
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How do I panic?
well slowly at first then suddenly
Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?
The OP wants to know what you do with that situation .A fast moving market of crypto is normal and there is always a panic creatwed there in panic buying and selling especially in the newbies . I the way you reply i think you're a pro trader in handling those occurance. Not only the newbie guys who's been panic for past weeks new since their are actually long time guys who's been alerted for the split thats why we can see those big downfall happen for that time, But for seeing the price today I can say that the trust of big whales for bitcoins has regain back that's why we see the price is almost reaching for 3k $ as of todays report. |
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Viyamore
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July 21, 2017, 05:55:54 AM |
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How do I panic?
well slowly at first then suddenly
Trading crypto coins is a very fast-moving market and there are just going to be days when you have to move fast, so is that really panic?
The OP wants to know what you do with that situation .A fast moving market of crypto is normal and there is always a panic creatwed there in panic buying and selling especially in the newbies . I the way you reply i think you're a pro trader in handling those occurance. Not only the newbie guys who's been panic for past weeks new since their are actually long time guys who's been alerted for the split thats why we can see those big downfall happen for that time, But for seeing the price today I can say that the trust of big whales for bitcoins has regain back that's why we see the price is almost reaching for 3k $ as of todays report. Yeah , the whales in bitcoins have a successful plan and it works i fdon't think any serious matter that will goin to happen in the August 1 but i am sure there's a panic selling again before that .Sadly but true they use media to give a worst news for the bitcoins to dump. |
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Idrisu
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July 21, 2017, 07:13:54 AM |
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Panic is the most enemy of traders as it makes you to lose money. Professional traders take sell or buy a coin Base on their analysis of the trend and good knowledge of technical and fundamental analysis and event. I will advise traders to study very well before burning they fingers in the name of trading. Like op said all coins get dump time to time.
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BlockEye
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Bounty Mngr & Article Writer https://goo.gl/p4Agsh
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July 21, 2017, 07:26:14 AM |
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Panic is the most enemy of traders as it makes you to lose money. Professional traders take sell or buy a coin Base on their analysis of the trend and good knowledge of technical and fundamental analysis and event. I will advise traders to study very well before burning they fingers in the name of trading. Like op said all coins get dump time to time.
In every dump ,there's always a pump. It may take time but when it happen it definitely worth it. When we panic that's our lose we might regret it when time comes that we see those coins we sell having position in exchanges ,so better relax,think and never panic unless you need that money in that very moment,secured it then. |
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grim007
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July 21, 2017, 09:20:34 AM |
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Panic is the most enemy of traders as it makes you to lose money. Professional traders take sell or buy a coin Base on their analysis of the trend and good knowledge of technical and fundamental analysis and event. I will advise traders to study very well before burning they fingers in the name of trading. Like op said all coins get dump time to time.
In every dump ,there's always a pump. It may take time but when it happen it definitely worth it. When we panic that's our lose we might regret it when time comes that we see those coins we sell having position in exchanges ,so better relax,think and never panic unless you need that money in that very moment,secured it then. Yeah, I'm usually holding my coin no matter what happened on the price, I'm only setting a date for my convertion of all my altcoins no matter what is the price is. So that I will not panic or think anything that might distract me. Being in panic will not gonna help us. |
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sunsilk
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July 21, 2017, 09:22:00 AM |
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When I panic I make sure that I will not feel sorry on selling those bitcoins.
Because that's the hardest part of being a trader, you will chase for your profit because of you don't think it will rise again.
And that's going to be the start of standing on your decision.
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Bitcoin_Delivery
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July 21, 2017, 09:26:38 AM |
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If we switch to altcoin certainly there is a risk we lose, when I panicked is when the hard fork issue that last week stronger. But I'm glad the bitcoin prices are back to normal and the panic has disappeared.
True altcoin down because of the issue indeed makes traders panic. Unlike the altcoin that goes down as usual. But if there is already a bad issue will surely come down and the decision should be taken by the trader. Whether to hold or sell. |
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Bagaji
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July 21, 2017, 04:36:24 PM |
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When it come to the issue of panic or fear of losing your investment in crypto currency i am not afraid because I invest only what I can afford to lose, and that makes me strong in my long term investment. Some of the people who panicked when the market value of Bitcoin is loosing value could be that, they invested what they cannot afford to loose 20%. So it is advisable you invest what your can afford to lose most especially in crypto currency because of its volatility.
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BitcoinMinierRobot
Newbie
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Activity: 41
Merit: 0
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July 21, 2017, 04:47:55 PM |
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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?
If you enter directly with all your volume and the markets go just down like in the current time, then that is stressful. I do the following, i let a bot buy for me always new positions in the coins which i want to trade and i have really all coins in my portfolio which poloniex.com offer, because i dont know which of this coins will go up, but some of them will. Watch my youtube video if you want, you can see there my strategy and bot: https://www.youtube.com/watch?v=d1gmlbm9L3I |
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nelson4lov
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July 21, 2017, 04:50:44 PM |
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When it come to the issue of panic or fear of losing your investment in crypto currency i am not afraid because I invest only what I can afford to lose, and that makes me strong in my long term investment. Some of the people who panicked when the market value of Bitcoin is loosing value could be that, they invested what they cannot afford to loose 20%. So it is advisable you invest what your can afford to lose most especially in crypto currency because of its volatility.
People are naturally afraid. This is why I think It is People will panic whether or not they invested what they can afford to lose. The problem here lies in the fact that majority of people only cares about "Moon" "Rocket" "Bull run" etc. When the market start head to a downtrend, They're easily shaken. But one thing I do believe is, There's a time for everything, A time to buy dips and a time for moon. I'm always prepared for what ever comes. |
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Mr.Anonymous
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July 21, 2017, 05:16:27 PM |
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When it come to the issue of panic or fear of losing your investment in crypto currency i am not afraid because I invest only what I can afford to lose, and that makes me strong in my long term investment. Some of the people who panicked when the market value of Bitcoin is loosing value could be that, they invested what they cannot afford to loose 20%. So it is advisable you invest what your can afford to lose most especially in crypto currency because of its volatility.
People are naturally afraid. This is why I think It is People will panic whether or not they invested what they can afford to lose. The problem here lies in the fact that majority of people only cares about "Moon" "Rocket" "Bull run" etc. When the market start head to a downtrend, They're easily shaken. But one thing I do believe is, There's a time for everything, A time to buy dips and a time for moon. I'm always prepared for what ever comes. We are know summer is not good time for investment although many teams and group trade had warning, but most trader are skip it and not care. In present is result they not care this warning and take a big loss, just by the dream blue become to rich man overnight, they loss a huge money than profit earned |
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