How do you Panic?

[richkellj]

There are some differences between business aircraft and bitcoin business, daily traders must know about this. Trading is a gambling game in my opinion, whether you make a profit or lose money. But in the bitcoin environment, there is no damage after I invest in it because the value of bitcoin continues to increase over time. All I have to do is find the dip to buy and keep it lasting.

Everyone panics at different scenarios, some may panic on downfall of the prices of their investments, some panic when they had hard times in family or any other office issues. I usually don’t get panic as soon like others because I know how to control my emotions so that my decisions are not affected while trading at the time of crisis.

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[Mysterious01]

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?

In my case when I started my first altcoin trading it went really bad as I don't have enough knowledge yet on what to do, in the time that I almost lost all my capital I started to panic.
But then I just said to my mind that I am prepared to lost my capital knowing that I am still newbie.
The way I panic, I guess I just say to my self that it is just part of growing my skills in trading after losing all my assets.

[CataloniaFM]

We all panic, from possible risks and losses. But whether it is worth doing and whether it is right, most likely not. It is better to restrain yourself and make smart decisions at one time or another. Especially in trade with a drop in the price of a coin, you can not hastily sell everything, it's better to keep coins and then to understand that you did everything right.

[wuvdoll]

We never know what will be their next move or what are they planning in their minds. So let’s just not concentrate that much on whales. It is better to take decisions by you own without getting influenced from anyone else. One more thing, never give up!

Makes sense, whales are kind of traders who ate very difficult to predict. You may pursue them, noticing their moves, pumps and dumps they are making in market but still they are many so you can’t be settle up in that situation. Just have your own decisions according to whatever price charts declares.

[seattletu]

We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.

[deddod]

We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.

I have used the advice you said. but when the coins are held up and down it is a nightmare. despite doing other work I am still followed by the nightmare.

[geegaw]

There are some differences between business aircraft and bitcoin business, daily traders must know about this. Trading is a gambling game in my opinion, whether you make a profit or lose money. But in the bitcoin environment, there is no damage after I invest in it because the value of bitcoin continues to increase over time. All I have to do is find the dip to buy and keep it lasting.

Everyone panics at different scenarios, some may panic on downfall of the prices of their investments, some panic when they had hard times in family or any other office issues. I usually don’t get panic as soon like others because I know how to control my emotions so that my decisions are not affected while trading at the time of crisis.

Yeah, I think the present is a time of crisis, people are very scared when they look at the price of bitcoin, some people have made the wrong decision and sell all their bitcoin at low prices, they will soon regret, in the past, I was also a victim in this situation. However, at present I know emotional control and I have a lot of experience, knowledge, that made me feel very calm, even I was not too concerned about the price of bitcoin fell, and I always say to myself, if afraid, turn off the computer and go to bed, it is quite effective

[gabmen]

We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.

I have used the advice you said. but when the coins are held up and down it is a nightmare. despite doing other work I am still followed by the nightmare.

Right. It's really easier said than done. If you're in a position when ypu're feeling you can lose everything, panic is a normal reaction. That's why its important to set up expectations for yourself aside from having huge amount of patience. Understand that there is a possibility to lose money and panicking is one way to expedite that

[mikki14]

Well I do panic like. "Ohw! The price of bitcoin falls for 2 consecutive days for about 500$, I need to buy some coins." Then two days later, it gets even lower. That's the time when regrets hit me 

[Jaya912]

We have to control our emotions to not getting panic when we see the cost is out from our expectation. we have to remain quiet like above me said and attempting to not freeze. my technique to not get panic is the point at which I as of now purchase the coins, I am not investigate the market and in the event that I investigate, I simply watch in a minute like 2 minutes and on the off chance that I see the cost is down, I quite simply shut the market, do some other work or take around in my city so I don't get worry with the coin. so far its work for me and I can deal with my feeling with great.

It is good experience. Don not see the market for any longer and do other think in real life is good thing to do. I will try to do the same. Hope it can decrease my panic. Thanks

[haroldtee]

The senior trader said that dont panic. We have to analyze again to decide more carefully.But in my experience, i always panic, i worry if the price of my alcoin getting bad. So i did cutloss that make my principal down. But next future i will learn how to not panic, so we can make good decision

If you have a good strategy and you are sure all the news at your disposal are in your favour, there will be no need to panic. For example, if I buy at a safe point below the last support level and it keeps going down, I buy more. Never put everything you have in plan for that trade once, so that you can buy at every further dip. Now remember this depends on the coin you are trading and not just some random shitcoin that is about to be buried.

[Fog Fence]

Well I do panic like. "Ohw! The price of bitcoin falls for 2 consecutive days for about 500$, I need to buy some coins." Then two days later, it gets even lower. That's the time when regrets hit me  

use DCA strategy you will feel safer.
Split your money 4 part. example
500$ - bitcoin 4500$
500$ - bitcoin 4000$
500$ - bitcoin 3500$
500$ - bitcoin 3000$
2000$ - bitcoin 0.54 bitcoin
-> if price comeback 4k$ you will have profit 160$.

[marcbitcoins]

Panic always produces a bad and detrimental effect for us, because panic happens from the mind that isn't calm. As happened at bitcoin prices these few days. I just relax, no need to feel nervous if bitcoin will continue to weaken slowly. I've been fighting bitcoin for years, so i'm immune to any conditions that are even worse than today.

I'm not long in bitcoin, so I'm prone to panic. It's very hard for me to watch my capital melt. I just turn off the computer and go home to do stuff that's not stupid.

Every traders experience of panic when the price dump. Im prone also into panic of my holdings what I did was I keep calm and thinking a lot of my effort when I invest in trading. Because if you embrace this panic moves you will lose all your money your capital. Instead, feel and think there's a rainbow after the hard dump.

I will not panic even now that the bitcoin and altcoin value are dropping because when i do i cant concentrate of thinking and no better solutions will come out in my mind, if i will do panic it will make the situation worse. Be calm, breath and concentrate of better ideas on how to sustain this situation. Now the best solution is to continue hoard

[Jaya912]

The senior trader said that dont panic. We have to analyze again to decide more carefully.But in my experience, i always panic, i worry if the price of my alcoin getting bad. So i did cutloss that make my principal down. But next future i will learn how to not panic, so we can make good decision

If you have a good strategy and you are sure all the news at your disposal are in your favour, there will be no need to panic. For example, if I buy at a safe point below the last support level and it keeps going down, I buy more. Never put everything you have in plan for that trade once, so that you can buy at every further dip. Now remember this depends on the coin you are trading and not just some random shitcoin that is about to be buried.

So.. do i need to make my money sperate then i can buy again if the price going deeper??
So like averaging strategy?
Oke i will try.
But can you tell me the coin that you normally trade?

[TheGreatPython]

we must have our self opinion when the market is down and its better to be patience and calm, actually we are not lose and be sure that in next day, we can sell at the high price. but yes, i realize that sometimes panic can come to us especially if we are not ready to face everything that is out in our prediction or what we are thinking. but as long as we can handle our emotion then i think we can stay calm with everything happen in the market.

We all know that crypto market is highly non predictive and it is nothing new to experience a misfortune that was not in your papers. All that we need to in such situations is to stay calm and think positive rather than wasting time on regretting your decisions etc. controlling emotions is not that tough.

Yep! Whenever prices are going in the red area of graph, there is no need to waste time on getting depressed or living in a miserable condition. All that you need is to make yourself realize that the misfortunes are not everlasting whereas bitcoins are evergreen in producing profits.

[Kevin77]

The senior trader said that dont panic. We have to analyze again to decide more carefully.But in my experience, i always panic, i worry if the price of my alcoin getting bad. So i did cutloss that make my principal down. But next future i will learn how to not panic, so we can make good decision

if you have planned well for your trade, and you have been able to make the decisions based on proper analysis, you won't need to worry.

Also, never rush into any trade but make your own findings diligently first, this helps you from making any mistake and even if you do, take your losses when they come and plan properly for the next one so you can get that back and even more.

[ayesha201009]

I think the word "PANIC" should be banned from the dictionary of a good trader. Even if you're not, you have everytime planned a "PLANE B" or "PLANE C" where you can avoid all type of panic. Normally people in panic start selling/buying without reasons, and lost a 5% - 10% just for choose the wrong time.

[batang_bitcoin]

I think the word "PANIC" should be banned from the dictionary of a good trader. Even if you're not, you have everytime planned a "PLANE B" or "PLANE C" where you can avoid all type of panic. Normally people in panic start selling/buying without reasons, and lost a 5% - 10% just for choose the wrong time.

It must not be removed because everyone did it before. What must be removed is the today's activity list and that is "checking the price" this should be avoided so you don't panic. As it is the start of panic when you see the price of bitcoin starts to be lesser again. I remember that when I panic I sold all my bitcoins on my cold storage.

[rtinedal]

The senior trader said that dont panic. We have to analyze again to decide more carefully.But in my experience, i always panic, i worry if the price of my alcoin getting bad. So i did cutloss that make my principal down. But next future i will learn how to not panic, so we can make good decision

actually all newbie they are the panic mode they are increasing and decreasing the price of bitcoin. Also, panic selling and buying also are just as good for everyone. they say the traders get their profit from other people and are just too expensive at high prices and they fall sharply into it that panic modes begin so that the market movement moves or speeds up for them.

[Jaya912]

The senior trader said that dont panic. We have to analyze again to decide more carefully.But in my experience, i always panic, i worry if the price of my alcoin getting bad. So i did cutloss that make my principal down. But next future i will learn how to not panic, so we can make good decision

if you have planned well for your trade, and you have been able to make the decisions based on proper analysis, you won't need to worry.

Also, never rush into any trade but make your own findings diligently first, this helps you from making any mistake and even if you do, take your losses when they come and plan properly for the next one so you can get that back and even more.

So i need to cutloss if the price getting lower? And make another analyze for the next trade but no rush?
Is that right??