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Author Topic: How do you Panic?  (Read 39762 times)
nodelover
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November 13, 2017, 01:58:00 AM
 #801

You just have to wait for the bitcoin price to rise again. That is why many people invest in bitcoin. It will always rise due to it's demand right now that is why I don't panic.

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warwar
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November 13, 2017, 02:05:33 AM
 #802

I sell of most of my coins during a dip so as to reduce loss

Mostly it is panic selling well as my self I do panic selling to reduce loss because im a kind of person that really easy to panic but later on it will pumps and it makes me sad why I sell it easily though to overcome it I will not watch the price again so that I will not get sad. Though mostly I do it again to playsafe
Getcoinsite
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November 13, 2017, 02:11:29 AM
 #803

Well i really dont,before i made my first trading i set up my mind that i must be prepare on all instances most probably when dropping.iwe all know that its part  of trading a partly gamble.and on every coins that we will investing.so panic is the last thing that i will be having
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November 13, 2017, 05:46:28 AM
 #804

Actually all trader ever feel panic when their prediction is out.
Actually i still stay calm if the price is in control line. But when the price dump and dump again, it make me panic sometime the ending is panic sell.
As much as possible i'll keep my self calm and patience because when you get panic you can do anything or make decision that you will be regret. So its better to keep calm and go with flow of market.

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otundebis
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November 13, 2017, 05:51:48 AM
 #805

How do you panic? Lol! You just panic because you are human with emotion. These factor could also accelarate your panic.
1. If you are trading with money meant for your sustainability e.g` House rent, School fees or groceries money.
2. If you have unrealistic expectation of profit and you start to trade in bubble.
3. Unfavourable market conditions.
etc....

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November 13, 2017, 06:32:03 AM
 #806

Of course when you see the price is going down very fast and you are thinking that you are losing your investment. Then you panic and push the sell button without ever thinking what the hell did you do it.
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November 13, 2017, 01:06:49 PM
 #807

When i was a newbie, I tend to sell all my coins at the lowest price when the price of my coins is melting and that is a very wrong move, You should wait longer because it will still comes back to normal eventually when the market comes back into its stability.
Well me too. Trading in crypto market is not a game for newbie, so best way to earn money for newbie is hold  Grin
I must say that there are lot of things which you manage to learn with passage of time. In the beginning, almost every one of us get panic especially when he sees the market price of the coins which is having getting down. You get to learn this thing with the passage of time that do not sell your coins at the time when the market price is falling down.

In fact, the thing which you need to do is to remain patient and try to hold your nerves. This is the reason why most of us suffer in the beginning.

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November 13, 2017, 01:09:36 PM
 #808

I don't really. Thankfully i've not invested too much so everything just feels like a bonus. If it's gone, its a shame but it won't cripple me.
I also have a lot of faith in things bouncing back and understand the volatility of the market place
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November 13, 2017, 01:29:23 PM
 #809

I've no stress. I arrive for learning. As a beginner I attempting to comprehend all section in this forum. I am maintaining study more and more for understanding. I really hope I will success at some point.

You will eventually. Just be afraid to lose. Trading ia a continous learning even for experienced ones. I've been trading for a year now and i lost around 200$  the other day trying to cut my losses.

Hmm, actually you can get many advantages in trading. The main key is analysis, if your still confused now perform analysis or may never do it then try to always look at the charts that exist in the trading and also keep trying. Never give up, because we won't know whether it's appropriate or not. Trading is not a very pleasant place when you always minded profiteers, for sure you will find it a bad thing when getting a loss.
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November 13, 2017, 06:47:49 PM
 #810

I wonder of your coldblooded heart. Seeing on the ETH and BTC prices at last month, I don't believe that anybody can be calm. No need for panic of course but the situation is really stressful.  Shocked
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November 14, 2017, 12:38:20 AM
 #811

when my coin or token got higher price based on percentage , i really panic . i tried to be calm sometimes and i set the goals of which will i be selling .
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November 14, 2017, 04:09:54 AM
 #812

Actually all trader ever feel panic when their prediction is out.
Actually i still stay calm if the price is in control line. But when the price dump and dump again, it make me panic sometime the ending is panic sell.
As much as possible i'll keep my self calm and patience because when you get panic you can do anything or make decision that you will be regret. So its better to keep calm and go with flow of market.

As long as we set  goal we won't panic at all. Short term trade usually causes panic that is why day trading is very risky yet profitable. I try to be calm when a sudden fall but usually i just sell on a loss and just buy back on the dip. Also, I just day trade what i can afford to lose as i also have long term goals which will not cause me panic and i believe that will benefit me in the future.

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November 14, 2017, 04:54:20 AM
 #813

Market is very irrational and seeing things rationally in the market sometimes could be diserstrous. I will say been objective will give you clearity and calm your nerves even when old are against you trading. Panicking is normal

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November 14, 2017, 06:01:58 AM
Last edit: November 19, 2017, 10:23:43 PM by bohr
 #814

There's nothing good about panicking, so why panic just try to be calm and relax as much as possible making decision's right away while panicking will gonna come out badly than what you expected. If you're a long term investor trust to the coin that you bought and try to analyze the market as much as possible to lessen your worry. You are the onlyone who can help yourself so try to make a decision, there is only 2 outcome in that decision it's either gain or loss if it's a gain then you're getting much better in handling such a situation that's why you make your decision right but if it's a loss don't regret it learn from it so it will not happen again..
Everyone knows that panicking is bad, but no matter who you are at some point you are going to panic and you need to find a way to deal with that, this is more important if you are a day trader since things can change in the blink of an eye, while it is not as important for a long term holder since the price of bitcoin will need to crash for him to begin to worry at all.
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November 14, 2017, 06:33:24 AM
 #815

It is all about the knowledge.some market news and lower of a coin will make you bit stress..,,buut you can manage yourself and go through that for sure..
It is a natural phenomenon that almost all of us get worried especially at the time when we see the market price of the coins which we are holding getting down. The thing is it is quite a normal thing and there comes so many occasions when you get panic.

The only thing which you can do and which you need to do at that very time is to sit back and keep yourself calm and cool. Patience is the only key.

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November 14, 2017, 05:03:36 PM
 #816

I stress with a lot of relaxed.Often I believe this time it's destined to be the real deal. The one time when it all breaks appart and the investment goes belly up.But my experience informs me that it's going to be like all other time before, just a surprise inside a teacup.My investments are often well chosen and well balanced. Even when setbacks in a single area occure, I understand that I have others that will compensate that.
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November 14, 2017, 06:30:51 PM
 #817

There's nothing good about panicking, so why panic just try to be calm and relax as much as possible making decision's right away while panicking will gonna come out badly than what you expected. If you're a long term investor trust to the coin that you bought and try to analyze the market as much as possible to lessen your worry. You are the onlyone who can help yourself so try to make a decision, there is only 2 outcome in that decision it's either gain or loss if it's a gain then you're getting much better in handling such a situation that's why you make your decision right but if it's a loss don't regret it learn from it so it will not happen again..
Everyone knows that panicking is bad, but no matter how you are at some point you are going to panic and you need to find a way to deal with that, this is more important if you are a day trader since things can change in the blink of an eye, while it is not as important for a long term holder since the price of bitcoin will need to crash for him to begin to worry at all.
yes thats right it is hard to remove the way on how you can panic most probably when there is a hard time so better to stay calm and think for what will be the best thing and moves that you have to do,
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November 14, 2017, 08:21:24 PM
 #818

I stress with a lot of relaxed.Often I believe this time it's destined to be the real deal. The one time when it all breaks appart and the investment goes belly up.But my experience informs me that it's going to be like all other time before, just a surprise inside a teacup.My investments are often well chosen and well balanced. Even when setbacks in a single area occure, I understand that I have others that will compensate that.
I think that there is no need to panic and get upset if there is some kind of incident or a drop in the market rate. I think that if we take for example Bitcoin, the exchange rate is unstable and still sooner or later it will go up so there is no panic, And it's better to calm down and wait for a new time.
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November 14, 2017, 10:38:07 PM
 #819

I had bought the unexpected thing happened the price of altkoin down, there I started to panic and sell it to minimize my losses, but for now I will not repeat the mistake I am, I will remain calm and see the market movement and wait to buy at the right time.

You started to sell to minimize your losses? I even did this before when I was quite new to trading, you sure really is making a lot of troubles with your investment by doing a panic sell. But today when I panic, I don't look at the charts especially the price of bitcoin. That will only hurt me so it's better to stay away from the market charts and when I feel that I'm about to panic, I keep on holding.



 

 

 

 

 

 


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November 16, 2017, 05:57:26 AM
 #820

Before, when panic hits me, i always sellmy altcoins even when i did not have any revenue but rather i'm able to get a reduction from my investment. It's my solution and assisted a lot to calm me lower. But now, it's really different, i understand ho to deal with it poperly.rw
That's good, it means you learn from your mistakes which is necessary when you are investing or trading.
If you panic you will lose control and we know already what will be the outcome, our aim is to be profitable so we need to decide based on our analysis and not on our emotion because if we are weak emotionally, we will surely make a wrong decision.

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