How do you Panic?

[justspare]

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 do not panic. I used to panic and sold my tokens with emotions running really high. Right now, I don't care anymore. I am emotionless when it comes to trading. If my tokens will go as down as 1 satoshi each I will not react even. For as long as the project is functioning, it will go high for sure. 

That's nice i think you already know how to manage efficiently your trades are. Panic in trading is not good to adopt it is normal in the first time but don't embrace because it is the enemy of your patience.

Panics or emotions are fucking things that gambling and trading should not related to. Trading and Gambling only needs patience to make the effciently profit. But you need much more skills and lucks too. You can't do anything with only keep your emotions and panics only.

It was a horrible nightmare for the crypto investors especially that of bitcoin but we should be glad that bitcoin have successfully passed this test and proved world that no one can control them.

Bitcoin are free and they are to be sued by everyone according to their will. This is what people really like about bitcoin that they are decentralized.

[HarryG333]

What do entrepreneurs and small business owners do when business is slow? It’s very easy to get into a blind panic that your business will close. While the sad reality is that many of them do, some will survive.  Here’s my top 10 tips for surviving the quiet times:

1. Don’t panic! Things will turn around, they always do. Have unwavering faith that you will make a huge comeback.

2. Do admin. There are always a bunch of items on your to-do list that never get done when you are servicing clients yourself. Take this time to start knocking them off.

3. Work on your business, not in your business. Do something every day for the management and growth of your business. This is hard in the beginning, but work towards it.

 4. Look at your message. What are selling and to whom? Make a list of your ideal customer then design a marketing plan for them specifically. A spray and pray client base won’t work; you can’t be all things to all people. 

5. Have a support structure in place. It is critical that you have people you can talk to. If you try and do this alone, you will be driven systematically insane, but be wary of whom you choose. Make sure it’s people you look up to who have already succeeded at what they want to do. Everyone else may just drag you down to their level.

6. Question everything. Just because there is a recession, does it mean it has to apply to you? Not necessarily. Find your own truth and design your own destiny. Do not buy into the media hype’s version of the world.

7. Get a life coach. Every highly successful business owner has one, (I have three!). Despite popular belief, you don’t know it all and you need all the help you can get. 

8. Network. You have to get out there. Sign up for every free event you can find and hand out business cards and flyers like they were candy.

9. Visit old clients. Let them know that you are still there for them even though they aren’t buying anything from you right now, (or phone/email if you don’t have that type of relationship with your client base).

10. Become a thought leader. Write blogs and contribute to LinkedIn forums. It will help you build a global brand.

thank you and have a good courage
have awonderful DAY

[BITDV]

maybe I’ll be panicked because it will affect my investation, I put most investation on bitcoin because I believe it’ll be very helpful if invested in long-term but if the selling price is very low I’ll be very panicked, but from panic it’s a learning for me.

[CryptoScorpio]

I get panic when the price of the coin start falling soon after I purchased it. It makes me wait for long to sell them at price higher than what I bought for.I got the same panic situation for stratis. I bought it for 135000 satoshi but it went down down and reached 90000 satoshi which is a huge loss.

[skyline247]

I don't panic. The worst thing you can do when trading is to panic. If you want to lose all of your money, feel free to panic sell or buy a few times a day for one week... hahaha.

[KalaiBTC]

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.

You are right, you cannot panic and make the right decision. You set in anxiety, then you will be unable to think straight and every of your decisions will be emotionally made. The most important thing is knowing what you want to achieve in your trade even before you start.

Haha! Indeed it is very important for heart to stay calm so that brain can work properly and take right decisions. I also always first try to calm down myself whenever things are going against my predictions in trading so that at that time I can take some smart step and save myself from big loss.

[gabmen]

I don't panic. The worst thing you can do when trading is to panic. If you want to lose all of your money, feel free to panic sell or buy a few times a day for one week... hahaha.

I don't think anyone is like that. People do panic every once in a while and that's normal. Its part of your experience in becoming an efficient trader to know how to ride situations that can cause panic

[rickadone]

Well when you know the price is doing to drop and it's time for dump, you have to make an assumption. You will sell when you get a very less or no loss and invest in something else. Cause no one likes losses or has patience to wait for the prices to go up again when all coins is of concern. But in bitcoin, you know that the price is going to go back up again and that's when you realize that it would be better to reinvest. This is how experienced and smart people basically react in short.

I believe the act of panicking fades off over time. It is so easy to say one should not panic but every pro trader today has been there once and we can never rule that out.
It is how we come back once the panic level subsides knowing the act will not solve anything except to plan for a huge comeback and do it right. Even in our daily lives, situations like this may occur and we only just have to deal with it.

[kevinnmr]

Know your stuff that's how i do not panic...I just bough some neos at 32 dollars..It went down to 29 dollars should i sell? Not really i know for a fact that the market will shoot back up. Theres Red pulse ico and people will last minute pile onto neos...Haha might invest more in at this price

[xvids]

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 the price of the coins makes me panic when it drops below my expectation,
And when it does sometimes I made some mistakes like letting it go or trading it in a low price.

[ubeng07]

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 always take a look on the possibilities of lost and profit. I'm always checking some news so I can make a conclusion if I will wait for bounce back in price or let it be and sell it to stop continuous loss.

I feel panic sometimes when the value of the coin i hold was continuous dropping but i do not do panic selling because i know that if i do that i lost the opportunity in earn profit since we are on crypto world and all is unstable my mindset was every dump happen the next is pump of the value.

that's right even if it dropping but it has some potential to pump again why not stay for it and wait for selling for just because it is dump are not applicable we cant stop someone from selling but always think of some possibility I have experienced that but know the coin I have now are good it is dumped already but now it is pumped again continuously.

[TUs77777]

when I was a newbie I fell into panic and sold at the very bottom right before the turn similarly I was shopping practice close to the heights. and nothing could be done about it, although he knew that this is not true!. Only time and experience the lost funds may force you to act right.

[denny27]

Often on trading indeed it will be close to a sense of panic or a worrying of price movements that are sometimes difficult to predict from its movement. I've experienced panic when i predict that the price of coins that i bought it will increase for the next, but the reality is the opposite.. even of that coins price is keeping down, well this is it how i feel a panic on worrying of that coins price will instead continues to decline continuously. But i tried to calm myself and remain patient from the panic until finally i was lucky.. that coins price can increasing again and i got benefit from to be a patiently and calmly on it.

[Barcode_]

Whenever I saw the prices of bitcoin and most altcoins dropping, the feeling inside me would be demoralizing in some form of way, but I will always try not to think about it because I knew it might affect my judgement on my trades, the best way is to calm yourself down and try to focus on other things while you wait for the bitcoin price to rise again.

[PETES]

I don't panic. The worst thing you can do when trading is to panic. If you want to lose all of your money, feel free to panic sell or buy a few times a day for one week... hahaha.

I don't think anyone is like that. People do panic every once in a while and that's normal. Its part of your experience in becoming an efficient trader to know how to ride situations that can cause panic

I agree. You're not human if you don't panic.
It's okay to feel that but after you felt that just let go, breath in and think it's all usual like there's nothing to worry.
Because if panic eats you, you be able to do things unnecessarily.

[Apened]

I don't panic. The worst thing you can do when trading is to panic. If you want to lose all of your money, feel free to panic sell or buy a few times a day for one week... hahaha.

I don't think anyone is like that. People do panic every once in a while and that's normal. Its part of your experience in becoming an efficient trader to know how to ride situations that can cause panic

I agree. You're not human if you don't panic.
It's okay to feel that but after you felt that just let go, breath in and think it's all usual like there's nothing to worry.
Because if panic eats you, you be able to do things unnecessarily.

Even pro traders do panic or some of them just exit ,take the profit and leave the market i have a mentor who do that things they don't stay in a very volatilte hype market but others do use to take short trades which is very risky .And i do panic also sometimes or called FOMO .

[BlueStackz]

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?

To panic when you are losing money from what you expected profit I think is normal. For me, I use to remain calm and hold until it crosses the percentage of stop lose which I believe I can no longer endure on my investment before I will now sell at lose.

This is something which all the traders need to learn and understand as early as possible. Only then they can manage to earn a good amount of money and profit.

I think there is no room for getting panic or losing your patience in the world of trading. The moment you lost your control on your nerves, you are going to suffer a big loss. So remain calm.

You are right in this regard. People often panic when they see the prices going down. You shouldn’t be doing this because it is the matter of fact that whenever there is business there would be huge risks. And businesses are played over decisions and being panicked you are nothing to make wise and profitable results.

[ThunderCatSteve]

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?

To panic when you are losing money from what you expected profit I think is normal. For me, I use to remain calm and hold until it crosses the percentage of stop lose which I believe I can no longer endure on my investment before I will now sell at lose.

This is something which all the traders need to learn and understand as early as possible. Only then they can manage to earn a good amount of money and profit.

I think there is no room for getting panic or losing your patience in the world of trading. The moment you lost your control on your nerves, you are going to suffer a big loss. So remain calm.

Even you are calm the trades will going to affect your mind but as long as you can make profit thats it and its good better than to panic in terms pf panic buying or selling, always obaserve the market and analyze before making any moves .

Some negative situations can be very shitty you know and it is normal to get scared a little but try as much as possible to quickly overcome it, make a good decision and move on. You are right that panic will not help and the only positive side to every negative one is your ability to learn from the mistakes you made and see how you can do it perfectly when it comes at you again.

[albert11]

Actually, when panic selling in the market has begun. I am glad because I will have a profit in collapse. That's what traders are really looking forward to. Because we earn more money here actually I have a lot of source of news if there is a red bath that will come as I sell all of my altcoins to bitcoins so as not to overtake negative days.

[bohr]

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 don't panic. What's that? I usually just hold and also buy more coins when the prices are falling. Sometimes I also sell a small percentage of my holding and try to buy it again at lower price. But I never sell all of it. The market is very unpredictable, so it's too much risk selling it all.

To deal with panic it's very important to believe in the coins you hold. If you did the research and are sure blockchains are technologies with great perspective and you did your research on the coins you hold it won't be hard to believe in them, so you'll have no reason to panic at all. But if you just trust hints of other people on forums and don't really know the coin you hold it will be very hard not to panic and keep holding when your portfolio is red.

And also never invest money you know you'll need at some point in the future. This way you'll never have the need to sell with loss and will have time to wait patiently for your holdings to be green again.

EDIT: And another good point is you should know that every market always tends to go up. There are events, usually planned by large investors that manipulate the market, that will cause the market to crash. This way the big guys get their coins cheap. But whenever they buy cheap, they're interested to sell their cheap bought coins with profits. So you can be 100% sure that after every drop they will manipulate the market price to rise. So there's really no reason for worries when prices are falling.

Your second point is probably the most important if you believe in a project then you are not going to panic as much as someone that only invested there because he thought it was an easy way to make money, if you did your due diligence you will be calm knowing that this is nothing but a small setback but if you did not then you are going to be worried that the coin dumps and never goes back up again.