How do you Panic?

[ekoice]

In earlier days of my trading,i used to get panic many times as i lacked knowledge about altcoins and trading.I used to invest in altcoins without making any research.So,i got panic and sold my coins at a much cheaper rate than which i bought.But after that,i started to analyze coins by reading their ANN thread,tracking their price movements and found the most under valued coin and invested it.so,even its price falls,i had no reason to get panic as i know its potential and that it would rise soon in future.That makes the difference.

[The_prodigy]

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?

I think Panoc comes when you mindlessly throw away logic and just give in to your fear or anxiety or to whatever you are seeing and not planning something. However what I do during those times is that I take a rest and plan out what are my options and check which is a compromise that I willing to take.

[btc_angela]

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.

Yes, I'm been there as well. That's why sometimes I just want to hedge my bitcoin against a dollar so that I will not panic sell but I guess I will be losing more. In the past 6 months, I usually panic and sell all of my coins, but boy I was wrong with all of the selling that I have done because when I tried to go back to see the previous price that I sell against the current price, I felt very bad and regret my initial decision to dump all of my bitcoin without leaving anything on my wallet. But then when I matured, I just ignored it now and just hodl on my bitcoin and not be affected by the panic. Its really a regrettable experience, but I guess it what makes me more matured and experienced.

[Malsetid]

In earlier days of my trading,i used to get panic many times as i lacked knowledge about altcoins and trading.I used to invest in altcoins without making any research.So,i got panic and sold my coins at a much cheaper rate than which i bought.But after that,i started to analyze coins by reading their ANN thread,tracking their price movements and found the most under valued coin and invested it.so,even its price falls,i had no reason to get panic as i know its potential and that it would rise soon in future.That makes the difference.

Same thing. Its a normal occurrance that you panic always at the start of your trading career since you're not yet experienced to handle certain situations especially sudden dumps. Once you've gotten through that, and you realize that panic won't do anything for you, then you'll be more composed in your trades.

[Sidas_Crew669]

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

Indeed basically, the panic will certainly provoke an excessive emotion. Where the emotion must only cause a new problem bigger than something that makes us panic. So if indeed we want to get a profit, patience is the most important thing. And self-control is also more important, if we can not do it then train from the beginning is the most appropriate step. For all things need a process and to deal with the process must begin with good self-control

[zekeshawn]

Before when I was a new in trading I panic everytime I see my portfolio in red I sell them quickly because I am afraid that I will lose all my money. I have done this many times until I got tired of losing so I told myself its better for me to learn trading first before I will trade after learning the basic I went back to trading and now my loses are few.

[twicezeroiszero]

Before when I was a new in trading I panic everytime I see my portfolio in red I sell them quickly because I am afraid that I will lose all my money. I have done this many times until I got tired of losing so I told myself its better for me to learn trading first before I will trade after learning the basic I went back to trading and now my loses are few.

Honestly, you only need learn create a clearly plan before starting trading.
Because do that will helps you have target take profit, base price, take loss point and you also totally mastered in the market.
Important, don't let some rumor or opinion from other trader make you panic.

[rtinedal]

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?

That's it. First of all the price of bitcoin decreases and rises. If you have been buying at a high price and do not expect that the bitcoin price will fall you just normal. Do not sell your losses to the price. The best thing to do is buy bitcoin at low prices. Do not be afraid because you are not the only bitcoin investor.

[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.

Yes, I'm been there as well. That's why sometimes I just want to hedge my bitcoin against a dollar so that I will not panic sell but I guess I will be losing more. In the past 6 months, I usually panic and sell all of my coins, but boy I was wrong with all of the selling that I have done because when I tried to go back to see the previous price that I sell against the current price, I felt very bad and regret my initial decision to dump all of my bitcoin without leaving anything on my wallet. But then when I matured, I just ignored it now and just hodl on my bitcoin and not be affected by the panic. Its really a regrettable experience, but I guess it what makes me more matured and experienced.

This feeling is giving me a frown every time I think about those times that I've got 5+ bitcoins and I just sold it for a lower price. Well this is life but I don't have regret for selling it because I've got profit from that time and right now I'm just trying to recover from that mistake and keeps on collecting bitcoin and saving it for better.

[bohr]

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.

I believe a long-term holder will be able to stay away from his portfolio but a day trader cannot stay away from market screens. When you are not sure about what will be happening next then it will be impossible to stay away from your portfolio. You must have definite levels for your trading so that you can stay away from trading which must be helping control your emotions.

I am just a long-term holder and I never need to check price levels or what is happening today with bitcoin markets. I simply hold my bitcoins in cold storage and I never get chances to panic.

Good for you, even if I’m in bitcoin for the long term I still check the price from time to time to know how well bitcoin is doing but I do nothing more, I know that I do not have what is necessary to become a good trader, I know that at the moment that I put my money at risk I will be unable to separate myself from the screen of my computer, and I will be very stressed about every single little move of the market, that is why I do not trade.

[passwordnow]

Before when I was a new in trading I panic everytime I see my portfolio in red I sell them quickly because I am afraid that I will lose all my money. I have done this many times until I got tired of losing so I told myself its better for me to learn trading first before I will trade after learning the basic I went back to trading and now my loses are few.

This is very scary in my part too I don't know what to do when the price is decreasing and all of the coins on my portfolio are in red. This is the way I think, "oh no everything goes red and I would have to sell now before it's too late or I will have nothing before it gets zero."

[TheGodFather]

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.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

[Lagduf]

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.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

A lot of people are feeling same with you, because they are worried to lost or get trap by the short dump of whales. And try to sell their coin with hope to grab the more coin at the cheap price but they are know that already a big mistake to sell their coin at the dump.

[masterwakokok7]

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?

Normally, a simple or slight drop wouldn't make me panic. I'm not much of a risk taker actually, I set out my plans and strategies ahead. So that if the unexpected happens I'm well prepared on how I will handle the situations. I'm much aware how risky trading is, so I tend to make my self-calm as possible and I strictly follow my plan. There are instances that market will suddenly drop in some cases players immediately exits market without any heads up or something (It's quite normal in this industry). I have no power to return my losses for sure, that's why I don't invest in just one market alone. Normally, My panic attacks whenever I fail to follow my strategy and/or plan. Sudden changes would make so nervous especially if my decisions are out of my plans. My panic attack won't stop unless I fixed it over a day. (Which is my normal process, to solve a problem especially if it's a major one)

[PlanesCloud]

No panic, no emotions - best strategy

[daringdiscovered]

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.

When i panic. I sell my coins too low because the thing is i was being nervous i dont trust the coins too much thats why. I have been regreting selling my coins to early because now the coins that i am holding is now bigger than my expected amout of btc. So i need to be learn not to be panic.

A lot of people are feeling same with you, because they are worried to lost or get trap by the short dump of whales. And try to sell their coin with hope to grab the more coin at the cheap price but they are know that already a big mistake to sell their coin at the dump.

When the token that I'm holding will continue to dump for about a month and then when a little Pump comes up, I will sell the token that I'm holding, and I will regret it because the price will eventually PUMPS triple the price when I sold my token, and it is very regretful. So, my advice is don't panic guys. Just HODL.

[Sled]

When i feel something bad and i panic, i just sell all of my coins that i got because i don't think for the profits anymore, i just think for the possible capital that will back to my wallet and all i am thinking is, i will earn that money again and i will recover my loss so even though i panic often, i still think a good or positive side out of it.

[Rnd2012]

Panic sale always happen when loosing more than 3 X and the coin market still going down here everyone sale in panic so better to put stop limit to a void that.

[ruslangitelman223]

I don't panic really. When an altcoin I hold drops I know it will recover eventually because I always analyze my investment before investing in the first place. I think I will consider panicking once the internet shuts off for some reason.

I agree with that it is not needed to panic. It is needed always to control itself and investments. And reasons for panic, as time showed, - no.

[adzino]

No panic, no emotions - best strategy

Easy to say, hard to execute. You need to build yourself that way. You can't just loose emotions in few days. You might need few month - years of training to be harden up yourself

Before when I was a new in trading I panic everytime I see my portfolio in red I sell them quickly because I am afraid that I will lose all my money. I have done this many times until I got tired of losing so I told myself its better for me to learn trading first before I will trade after learning the basic I went back to trading and now my loses are few.

Knowledge/learning and experience/skills are two different things. Just knowledge won't get you anywhere, you will need experience and skills too.