How do you Panic?

[Tantlizbat]

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'm on Panic if the price of bitcoin is dump. Especially when l am in need l used to sold already  because  l need money for my kids. But now people panic on holding bitcoin  because of the promising price in the future.

This is very natural for all traders to get panicked when the coins are not moving according to their choice. Since crypto market is unstable and all the coins here are of volatile nature so we should not easily lose our control when coins pump and dump unpredictably.

The best thing in dumps is to hold onto coin until it recovers its previous prices. You should not waste money just because of your emotional decisions.

[supercanada1]

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?

If you invest, you shouldn't panic and always have some budget to buy more when it downfalls. That's at least what I do.

Getting panic and that too when you involve yourself in a stuff like that of crypto currencies which are highly volatile in nature is quite a normal thing. I do get panic when I see the market value of the coins which I am having going down. At beginning, I suffered a lot just because of selling my coins at that time as I was not having good expertise but this only resulted in loss of money. So, I only hold my bitcoins at the time of downfall now.

[Blackfurysm]

Last time BTC fell down, I was really nervous about it. But luckily I stoped and decided to hold. But it's really difficult not to start selling at those moments...

[kristensoto]

that was a very awful memories, i sell my coin when all the coins on the market drop heavily to cut lost and get some money to use, but in that night the price got back and rise more than 100% in a day, i consider to buy or not and quickly made decision to buy, but eventually the price drop again made me panic selling or not, and i chose not to sell and lost all profit when it drops more.

[btccointalk]

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 never panicked because I know the nature of these currencies. I always analyse everything before investing and if for some reason I suffer loss I will not regret because I did my part with dedication.

[RealPhotoshoper]

I do not engage unto panic when bitcoin goes down it might have no good effect on selling when bitcoin price goes low , i usually hold my bitcoin and sell it when ideal price hit . But this season of expense whatever the price of it whether high or low i sell some of my coins.

I bet you won't be able talk something like that easily when it comes to wagering huge amount of money.
Whenever the price of bitcoin get low , you must be in pressure , losing huge value is a serious threat , you might have to cut the loss before things get worse.
Unless if you really aware about the high risk you might will stay cool and accept any result in case you have to face a hufe loss.

[qiwoman2]

I am used to the crappy volatility of altcoin and bitcoin markets now and yes, I don't like it when I see my portfolio tank, even last day I have seen a drop of like 20% of my portfolio value, but I just try to walk away and do other useful tasks that long term might grow my portfolio. What I will do though from now on is if I see any of my coins Pump in the future, I will sell and will buy back in the dip. So will try and grow my portfolio that way if I can and learn to trade more but there are only so many hours in the day lol.

[TomUyamot]

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?

There is really no point going into panic mode. There is no help you can get from it. The most important thing to do when there is a serious dumping of your specific coin or Bitcoin is to stay calm and be rational. Do not get emotional even. It will not help as well. I usually try not to care when there is dumping of my coin's prices. I know the bouncing back is quick and fast. So no worries.

[arthotdog]

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?

truthfully?i dont panic,i know how to control my emotion and i know that the
trend of prices is always bump and dump so theres no need to be distracted.if ever my
coins drops or dump im willing to wait for the time to grow again.

[millgates]

Last time BTC fell down, I was really nervous about it. But luckily I stoped and decided to hold. But it's really difficult not to start selling at those moments...

Congratulation, you have understood bitcoin price movement. Don't be panic while the price of bitcoin fall, actually that te is the right time to buy bitcoin and vice versa if the price goes up then it is the right time to sell. But one thing that must become ypur consideration is, you have to in what price bitcoin will reach the peak of pump in that period. And it is very hard to determine.

[iv4n]

Last time BTC fell down, I was really nervous about it. But luckily I stoped and decided to hold. But it's really difficult not to start selling at those moments...

Congratulation, you have understood bitcoin price movement. Don't be panic while the price of bitcoin fall, actually that te is the right time to buy bitcoin and vice versa if the price goes up then it is the right time to sell. But one thing that must become ypur consideration is, you have to in what price bitcoin will reach the peak of pump in that period. And it is very hard to determine.

Last time should be understood like since always because price of bitcoin never rest for more then a day or two, and even then its not completely stable.
It's not hard to determine price movement, its almost impossible to do it accurately, thats why I talk that trading is very similar to gambling, you have informations, you have good knowledge of crypto economy, you have everything that you need to predict the price and in the end price do something completely different. Maybe closest example of that was a year ago when price was 1000 dollars, who could say that we will see 10000 dollars so soon, just couple people, who said bitcoin will crash again just couple people, most of us others are in the middle.

[rejin29x]

I agree with you, panic always lead to wrong decision. Keep calm. After that, Look back your coin, if it's a good coin, you should hold or even buy more coins with low price and wait for recovery. You will get a big profit. But if your coin is not good or it has a bad new problem. You should sell immediately

[Fayefot]

I'm a victim of me getting panic when I saw a coin is dropping.i go and immediately sell.. I even lost some money because of being panic. Now I got this lesson hodl my coins first. Just hodl. Every coins has its own moment of pumping all we have to do is wait patiently.

[bhadz]

This thread made me to remember that time when I panicked during those years when bitcoin is on correction and I'm quite new to it. And what I did is I did sold many of those collected bitcoins I've got and from what I've earned in trading and some with gambling. I thought that it was the best deal ever because the price is starting to fall but after that correction I did face palm as the price starts to rise again.

[NavI_027]

I always do the latter part, I stay calm and be optimistic. Honestly, I never made a big mistake that I regretted a lot 'til now because I'm just a small investor who only invest the amount what I'm willing to lose. But if the time comes when I made a big mistake (I know that this is inevitable), I'm sure that I can still handle the pressure since I already faced different bad scenarios (including btc's drop) along my journey as a bitcoin earner. Those bad things I experienced mold me to become a wiser and decision-oriented person.

[mirny]

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'm panic when price is going down because lm only hoping for my salary, so when price is very low lm so much affected because l don't have choice but to cash it out. Instead of waiting for the time to pump the price so that l will have the opportunity to earn bigger amount than l expect.panic will enter to me lf l am badly in need. Especially now l have so many debts that's why l always go panic. But once l get a big-time in bitcoin all my problem now is sold..

worst strategy ever

[Wish 107.5]

I usually have a friend for keeping remind me stop become panic. It's totally bad for you all the time.

I also have a friend who keeps telling me that the value of coin increases and decreases so I should not be scared or panic cause eventually it will get high again. But when the value pf coins went down, I can't help myself; I always think negative thoughts.

[Sand King]

No panic, just hodl. Speculation fluctuations are just temporary. The real value of the finite asset is the key to long term steady growth! 

Well i do panic when the price or the value of my coins will dump very high, just like when the value of the bitcoin dump very high or decreases its value very high, i am very panic and dont know what to do because the price of bitcoin is dump, but thanks for my friends advice, his advice is always hold it and wait for next year and he tell me that the value of bitcoin wll surely rise very high.

[BabyBoss]

I usually have a friend for keeping remind me stop become panic. It's totally bad for you all the time.

I also have a friend who keeps telling me that the value of coin increases and decreases so I should not be scared or panic cause eventually it will get high again. But when the value pf coins went down, I can't help myself; I always think negative thoughts.

It's nice to have a friend that are trader who is keep on telling you about dont panic while me I am just like newbie and nothing to do but to stand with my own then it's the tomorrow's business if Im going to become millionaire because of trading. So, I have still my second chance just to wait and don't panic again just because of others panic. Im going to be a billionaire and not just always loser. Im going to earned 100x more and not only 2x yeah! I deserved better. So keep holdong.

[lenovo16]

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?

Actually your right there are really have time that the bitcoin price suddenly fall down without any sign. But you dont need to panic selling , because if you look back the price history of bitcoin. Every time thatvthe bitcoin price fall down it will rises again and surpass the past valie of it. That how powerful bitcoin is, just keep your faith in bitcoin and don't panic.