I'm panicking, tell me it will be OK...

[viralz]

To be panicknis okay.
But there is one rule:
Trading under acertain condition as you ready to loose it.

Dont be too greedy too.

[Mahanton]

Based on my own technical analysis  i.e analysis using japanesse candlestick pattern shows that price is on consolidation or correction and there is the tendency that the price will begin it's journey northward any moment from now therefore don't panic it is a rule of trading.

Using technical analysis on trading is really good but it wont work anytime here on crypto world and those analysis would be more useless since market movements doesnt rely on anything like news or any thing that do we here everywhere. Correction of prices might really have sense knowing that prices do pump out high since on last years which we can able to see that prices do really go up but now correction phase have began and panic would really be a normal thing specially for those who bought on peak prices.

[DagoDuck]

it will be all ok, all thing will have to circle around !! best to diverse your investments!

This and thus not only in crypto. Also find stocks and forex.

[MiXxe]

Based on my own technical analysis  i.e analysis using japanesse candlestick pattern shows that price is on consolidation or correction and there is the tendency that the price will begin it's journey northward any moment from now therefore don't panic it is a rule of trading.

Yeah because if you only make some panic move you can only loss .If you believe that if you invest not in shitcoins you it is ok wait for the market . So it is better to stay away from seeing market now for you to not be in panic selling.

[Labumi]

Based on my own technical analysis  i.e analysis using japanesse candlestick pattern shows that price is on consolidation or correction and there is the tendency that the price will begin it's journey northward any moment from now therefore don't panic it is a rule of trading.

Well, the law of trading is a thing we have to know in order not to have a sense of panic when there is something that we haven't had. One thing you have to understand, that any increase and price reduction comes from the demand and the stock. So if you want to be a success in trading then the main requirement is that you can as well do an analysis of all things that exist. If it can be done, then you have a provision for success only innovate
 

[Casabrandy]

Based on my own technical analysis  i.e analysis using japanesse candlestick pattern shows that price is on consolidation or correction and there is the tendency that the price will begin it's journey northward any moment from now therefore don't panic it is a rule of trading.

Yeah because if you only make some panic move you can only loss .If you believe that if you invest not in shitcoins you it is ok wait for the market . So it is better to stay away from seeing market now for you to not be in panic selling.

If we keep ourselves looking at those value we will be felt worrysome ,so if were not in need of my using it then let it just be,just go with the flow ,we all know that btc have a future and that it may take time to recover but it qill aurely recover, we should just claim that.

[MiXxe]

Based on my own technical analysis  i.e analysis using japanesse candlestick pattern shows that price is on consolidation or correction and there is the tendency that the price will begin it's journey northward any moment from now therefore don't panic it is a rule of trading.

Yeah because if you only make some panic move you can only loss .If you believe that if you invest not in shitcoins you it is ok wait for the market . So it is better to stay away from seeing market now for you to not be in panic selling.

If we keep ourselves looking at those value we will be felt worrysome ,so if were not in need of my using it then let it just be,just go with the flow ,we all know that btc have a future and that it may take time to recover but it qill aurely recover, we should just claim that.

Yes ofcourse , just like i said leave for a moment stay away to watch the market because it will be a trigger for you to sell or to be oanic when you see a huge drop that can lose all your money.

[jeunpeun99]

Didn't read every comment. But, I lost much money this time (I sold almost everything at a very low point (2-3 days ago), I had to sold earlier or not), Im probably the worst trader :p. But I learned something from this.
Never enter a trade emotional, your choice for the coin with your fundamental research is therefore very good. At this point I would tell you therefore to hold. BTC will probably hit around 1700 dollar (around 1 aug), and I expect another altcoin selloff. It is very likely that the market will reverse from then on, to higher levels than ever before ($5000-$6000 per BTC), and hit this target around november (or start in november). I expect that you don't have such weak hands that you cant hold for 3-4 months right?

Which coins do you hold?

[fistfullofbtc]

usually on massive drops people hedge into tether and that price goes up, which it hasn't. so i think a lot are cashing out into FIAT, and i think a lot is driven by ICO's cashing out, using the btc news as a detraction. i don;t think most will lesrn from this as it it hidden, but the icos are raping the market everyday, people seem to want to invest in the latest thing, and the ico owners know this.

[CraigWrightBTC]

Hey OP, you should don't panicking because of the trend down all of digital coins, should you have made calculating about the risk losing value because this trend down, it will be ok after the activation of segwit on bitcoin's network although the trend down of all of digital coins are still continue until 1st August, so relax wait and see until 1st August.

[pdpanzer]

Didn't read every comment. But, I lost much money this time (I sold almost everything at a very low point (2-3 days ago), I had to sold earlier or not), Im probably the worst trader :p. But I learned something from this.
Never enter a trade emotional, your choice for the coin with your fundamental research is therefore very good. At this point I would tell you therefore to hold. BTC will probably hit around 1700 dollar (around 1 aug), and I expect another altcoin selloff. It is very likely that the market will reverse from then on, to higher levels than ever before ($5000-$6000 per BTC), and hit this target around november (or start in november). I expect that you don't have such weak hands that you cant hold for 3-4 months right?

Which coins do you hold?

None, well, some bitcoin but I sold all ETH when it fainted at $380, then did a few trades and then off. Some people give best best advise: don't invest any more than you can lose. If you can't lose certain amount, you end up doing emotional decisions (or worst, you need to quit at the worst time ever). My advise is the same, except that I say it differently. Decide based on hunch (stomach) informed by research and detached emotionally 100%. You are not a technical analyst mastermind high frequency trader nor a deity. Sell everything you have to the point that what is left you COULD lose it all, but it won't affect you much. And from then on, use informed hunch (from guts) and stay vigilant for mind-tricks (mind may present as logical things that are just beliefs, looks to justify emotions many times) and especially heart-driven decisions (anything connected to fear, anxiety, excitement).

[Rizky Aditya]

To be panicknis okay.
But there is one rule:
Trading under acertain condition as you ready to loose it.

Dont be too greedy too.

Yep! Panicking in crypto trading is nothing new. Losses and gains are the part of trading, what a best trader does is to stay calm when the values dump and stay humble when the prices pump. Panicking is nothing new in crypto trading. Don’t let negative emotions rule your mind.

[fistfullofbtc]

one thing i see a lot of opportunities, just working out the correct ones. the market is still up 3 times from beginning of year, the problem a lot of people came in late at the peaks looking for fast profits.

[Preclus]

That it will all be OK in the end[/b]...

Tell me a concrete reason why I should every buy a bitcoin. Ever.

I get paid in dollars. I put the dollars into a bank. Zero transaction fees to do that. My monthly bills are paid automatically from my bank account. Zero transaction fee to do that. I have a credit card (electronic cash) that I can use anywhere in the world. I pay no fees, the merchants pay the fees. I get 2% cash back for using the card. The balance is paid automatically every month from my bank account. No transaction fee for that. I can buy whatever I want online using my credit card and if I have a problem, I can dispute the transaction and reverse it. Transactions are immediate.

I don't have cash under the mattress. I have stocks, bonds, real estate. None of those are dollars, they are priced in dollars.

So, since you believe in the technology, tell me why I would ever want a bitcoin.

And no, I am not worried about the "value of the dollar" because as I stated, I don't have dollars under the mattress. I have stocks, bonds and real estate. I don't hold dollars as an asset (and neither does anyone else).

[stromae]

Hey OP, you should don't panicking because of the trend down all of digital coins, should you have made calculating about the risk losing value because this trend down, it will be ok after the activation of segwit on bitcoin's network although the trend down of all of digital coins are still continue until 1st August, so relax wait and see until 1st August.

This is right. The trend of coins reversed in these days and being panic would only harm yourself. If you're in big loss, remember that this is not special for you. This happens for all the traders and coins including tokens.

The only way to get rid of this problem is waiting for sure.

The market will develop itself after this panic wave is done with us. If you don't need money, don't sell anything.

[BitcoinGirl.Club]

One thing i have noticed about crypto trading is there are very few strong hands because there are always speculations going round and the only way you can avoid been the weak hand which leads into panic is keep holding for longer periods and disist from using some groups which are aimed at spreading fud which benefits them...

[Mpamaegbu]

One thing i have noticed about crypto trading is there are very few strong hands because there are always speculations going round and the only way you can avoid been the weak hand which leads into panic is keep holding for longer periods and disist from using some groups which are aimed at spreading fud which benefits them...

Isn't this the main reason trading is said to be risky and speculative? This isn't only with crypto trading, it is also with forex trading. Thus, a rule of thumb in trading should be trade without emotions and also trade your plan!

[peter0425]

One thing i have noticed about crypto trading is there are very few strong hands because there are always speculations going round and the only way you can avoid been the weak hand which leads into panic is keep holding for longer periods and disist from using some groups which are aimed at spreading fud which benefits them...

Isn't this the main reason trading is said to be risky and speculative? This isn't only with crypto trading, it is also with forex trading. Thus, a rule of thumb in trading should be trade without emotions and also trade your plan!

Yes, we used not be emotional in trading because it will not bring good profits to you and I think it will bring more harm as well. Strong hands are those who are really experienced and fully understand how things go around and very professional. And they are not simple affected but just stay cool and study the chart. Unlike noobs who are affected by a lot of FUD around causing them to sell their coins immediately without thinking.

[uslfd]

Hate to say this but I do not think "everything will be OK" if you have not calculated the risk you could handle at the beginning.
If you do not have some sort of a plan, you will never make money.
Like, even if it goes up, you think it will go higher hence you won't sell.
If it goes down, you still think it will go higher hence you won't sell.
So... what's the point of buying something that you'll never use / sell?
At the end, the market always wins and you'll always lose?

[Boys27]

If you're worried that's fair, I'm also worried about the rapid decline in bitcoin prices, but I think this could be a good time for long-term investments, because we can buy bitcoin prices at low prices. In my opinion, bitcoin will stabilize again