How do you Panic?

[chineseprancing]

Lately I was panicking due to unexpected fall down of bitcoin price in the market. Because of late news regarding banning of China to ICO's I was rapidly converted my bitcoin into our currency. I was regret because I made a wrong decision with that however, the good things I happen is after converting, the bitcoin was gonna deep into $3000 and I was immediately buy some bitcoin that results of good decision. Now the price of this coin was recovered and close to $4000, I think it is a coincidence and not intentional.

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[Quidat]

Yes i agree with you do not be an amateur trader, trader is a gullible or instigated person when the price goes down don't be panic, so wait until the price goes back up and you just sell or save for your future.

Trading on normal exchange and cryptocurrency was different. In crypto can experience more than 100% within the day and if you didn't react quickly. You will be trap in to those dump coins. In crypto those who knows to read the flow earns the most profit.

Price flows cant really be read up but if you are an experienced trader you would really able to identify the possible movements of price but this thing would really be hard for sure.If you are jumping in on trading world and wont notice the possible dumps then for sure you would end up on holding shit coins or you would able to lose up money.

[NewBet]

If I panic while trading, it is usually because I am too short-sighted to realize the price fluctuates a lot more than just in the space of a few hours.

[rizkyhiw]

Lately I was panicking due to unexpected fall down of bitcoin price in the market. Because of late news regarding banning of China to ICO's I was rapidly converted my bitcoin into our currency. I was regret because I made a wrong decision with that however, the good things I happen is after converting, the bitcoin was gonna deep into $3000 and I was immediately buy some bitcoin that results of good decision. Now the price of this coin was recovered and close to $4000, I think it is a coincidence and not intentional.

You will always do that mistakes when you don't really understand about the market ,
A cutloss or a little bit loss maybe could be tolerated as a misprediction ,
As noone could accurately predict the market continuously ,
But the more often you trade you will understand a situation where the market down and people goes panic it could be a big opportunity.

[susila_bai]

Lately I was panicking due to unexpected fall down of bitcoin price in the market. Because of late news regarding banning of China to ICO's I was rapidly converted my bitcoin into our currency. I was regret because I made a wrong decision with that however, the good things I happen is after converting, the bitcoin was gonna deep into $3000 and I was immediately buy some bitcoin that results of good decision. Now the price of this coin was recovered and close to $4000, I think it is a coincidence and not intentional.

You will always do that mistakes when you don't really understand about the market ,
A cutloss or a little bit loss maybe could be tolerated as a misprediction ,
As noone could accurately predict the market continuously ,
But the more often you trade you will understand a situation where the market down and people goes panic it could be a big opportunity.

What you are telling is true but this time the downfall was from 5k to 3k and anyone can panic, i also sold my 2 week signature campaign payment at 3400 level and as soon as i sold it, it went to 3k and i thought of market will go to 2800 level and suddenly market went up and i was not able to recover it back.

[Jaya912]

We all will feel panic when bitcoin prices decrease. In our mind there is only a decision that is selling bitcoin that we have. So panic is a normal thing, everyone will definitely experience this. What distinguishes only the level of panic that will be faced.

So how can we decrease panic from that condition which is bitcoin or other coin decrease their price? If you know please tell me. Since although we have analyze the price sharp, we are sure that the price will getting higher, but in exact market, price is getting lower. Sometime prediction is not always right. Thanks before

[jostorres]

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

That’s indeed a great success if you have learned from your past bad experiences and are not repeating those mistakes. You really need to be robotic when dealing with bitcoins, no need to make decisions based on emotions, tries to be as realistic as you can and support your decisions with logics.

[redsun114]

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 

I must say that this is your hard luck that you are experiencing such kind of situation. I think you need to take little more time in order to make any kind of decision especially when comes the point of buying or selling of the Bitcoins. Your one wrong decision can cause you a lot of loss instead of making out good amount of profit.

[stepwilli]

I not panic,, just hold my coin, i believe will pump again
easily panic will make wrong decision
 

I think this is what everyone else should as well. Most of the trades normally panic under these circumstances and usually make false decision. This is the time where emotions play a significant role and force you making false decision most of the time. You need not to panic and you should hold you Bitcoin in order to make good profit.

[el kaka22]

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 

It is even very bad selling at this point in time cause any prediction may be wrong except you want to take risk. However, you may study the market and see if there may be some opportunity at that point, otherwise you may end up buying at the wrong position. You could have just followed the first china news and predict what happens, probably you would have sold then at $4500 like I did and be smiling when buying more now at every dip. However, every mistake is an experience to do it better next time.

[Indrawan77]

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 

It is even very bad selling at this point in time cause any prediction may be wrong except you want to take risk. However, you may study the market and see if there may be some opportunity at that point, otherwise you may end up buying at the wrong position. You could have just followed the first china news and predict what happens, probably you would have sold then at $4500 like I did and be smiling when buying more now at every dip. However, every mistake is an experience to do it better next time.

The market still in a very unstable to predict, although I already very careful in speculating but still can slipped, and from this situation I learned to stay calm during the storm and dont take risky move in the current situation, but if the one that fall down deeply are alt coins then I think I will freak out and panic

[micle222]

I panic if all altcoin trade is banned in my country.
a nightmare for me if that happens. maybe that's all that makes me panic. I'm used to the altcoin price that I hold down, because I'm sure every time there is a certain price drop will rise again.

[tbterryboy]

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.

Getting panic is quite a normal thing. I think the most important thing is that you should know how to overcome that situation in a better way so that you may not suffer loss by making false decision. You need to know how to control your nerves and emotions well if you want to have a good future in Bitcoin.

[kafeelniazi]

I don't. Panicking is the worst thing you can do as a trader. It is like trying to swim with shoes on, if that makes any sense...

You have given a very beautiful example. I think that if you are a trader and you have this bad habit of getting panic, then you should better leave trading till the time you overcome this weakness. Getting panic certainly means that you are going to end up making false decisions which can result in a huge loss.

yeah panicking is a bad habit but it doesn't mean that you should leave the trading, because panicking is natural thing which almost exist in every person on earth. some peoples understand how to control panic but some not, try to learn from senior traders who are able to control this situation.

[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?

first I played bitcoin and experienced the price that fell down I had a great panic and I sold a loss, it turns out afterwards I really regret it because in fact it is a moment to buy again, and now if the price falls I am not panic but I am actually very happy. because I can buy bitcoin prices when prices dump.

[palle11]

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.

This is just a better response. When one analysis the market before going in and it goes against you, you just see it as a wrong trade or decision, hence learn from it. Meanwhile, I thought I'm I happen to be the only one that panicks with the internet shutting off 

[logicgate]

We all will feel panic when bitcoin prices decrease. In our mind there is only a decision that is selling bitcoin that we have. So panic is a normal thing, everyone will definitely experience this. What distinguishes only the level of panic that will be faced.

So how can we decrease panic from that condition which is bitcoin or other coin decrease their price? If you know please tell me. Since although we have analyze the price sharp, we are sure that the price will getting higher, but in exact market, price is getting lower. Sometime prediction is not always right. Thanks before

Yes it is very much true that predictions are not always true, this is the point where your own skillset matters the most, if you get panic at that time, then it will not serve the purpose in anyway. It will only cause more and more troubles for you, So you need to remain calm and use your mind to make effective decisions.

[Malsetid]

We all will feel panic when bitcoin prices decrease. In our mind there is only a decision that is selling bitcoin that we have. So panic is a normal thing, everyone will definitely experience this. What distinguishes only the level of panic that will be faced.

So how can we decrease panic from that condition which is bitcoin or other coin decrease their price? If you know please tell me. Since although we have analyze the price sharp, we are sure that the price will getting higher, but in exact market, price is getting lower. Sometime prediction is not always right. Thanks before

Yes it is very much true that predictions are not always true, this is the point where your own skillset matters the most, if you get panic at that time, then it will not serve the purpose in anyway. It will only cause more and more troubles for you, So you need to remain calm and use your mind to make effective decisions.

Indeed. Experience and skill would come into play when panic starts. I usually just cease what i'm doing, realx and breath for a while and think about the reason i felt panic and then what to do next. Its normal to feel panic. It's just how we deal with it positively

[wahb]

We all will feel panic when bitcoin prices decrease. In our mind there is only a decision that is selling bitcoin that we have. So panic is a normal thing, everyone will definitely experience this. What distinguishes only the level of panic that will be faced.

So how can we decrease panic from that condition which is bitcoin or other coin decrease their price? If you know please tell me. Since although we have analyze the price sharp, we are sure that the price will getting higher, but in exact market, price is getting lower. Sometime prediction is not always right. Thanks before

Yes it is very much true that predictions are not always true, this is the point where your own skillset matters the most, if you get panic at that time, then it will not serve the purpose in anyway. It will only cause more and more troubles for you, So you need to remain calm and use your mind to make effective decisions.

Indeed. Experience and skill would come into play when panic starts. I usually just cease what i'm doing, realx and breath for a while and think about the reason i felt panic and then what to do next. Its normal to feel panic. It's just how we deal with it positively

yes that is true that those people who have good experience in trading they will never accept any panic and will remain as calm in any condition.  they always study the market and analyze about bitcoin and after that they take a step, either to hold their bitcoin or sell it. to  me it think that it is too much important to study about the bitcoin maket and get information about it on regular bases.

[Protected101]

I have been away from these panic situations, because the funds I hold in terms of bitcoin is very low compared to the people who has been holding big volume. Even when I invest big I won't be panicking, because I know about its nature as well have faith that it retains. So with trust I have been holding the small funds as an long term investment.

Sometimes i panic when the time its getting low the value of bitcoin.but still when its get low im hoping for increasing of its value soon because i trust bitcoin taht it will be back as soon as possible.