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Author Topic: Don't panic!  (Read 2241 times)
bitcoinhunter1221
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February 06, 2018, 10:36:01 PM
 #361

Really great motivation you got there. But yeah it's true that people who bought coins for the month of December 2017 at a high price were the ones panicing to sell off their investments just to cut off their losses.
dicaprio
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February 07, 2018, 11:11:22 AM
 #362

You do not need to panic at all. But we are people. We need to learn to cope with our emotions, because these emotions prevent us from living. If a person panics, he is prone to manipulation and wrong actions. So do not panic, try to control yourself.
BitcoinMarketer39
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February 07, 2018, 11:14:49 AM
 #363

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!


I agree to that, most of the pioneers like me does not even bother on the prices in the market right now because we already know that the market will still go back to normal after a few months, the good thing to do right now is to invest while the value of the coins is still very low in order to earn a lot of profit when the market goes back to normal.

sultanali
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February 07, 2018, 11:16:47 AM
 #364

Thanks for the advice it will help many people understand that at the time of bloodbath people should buy more instead of selling because after every bloodbath market grow again so if we buy when its down we will get more profit.
coinnumber
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February 07, 2018, 06:49:07 PM
 #365

Cryptocurrency is meant for brave minded person in the sense that they take risk at any time besides life it self is all about risk I see no reason why some people waste their Digital assets in the name of panic! And when the price comes up again now they will still be the once crying and regreting I will advice all Bitcoin owners to be patient because the best is yet to come we will all smile again soon.....
darth_cryptorider
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February 07, 2018, 07:09:19 PM
 #366

We don't have any reason to panic sell. Just look what price was 1 year ago and you will understand that you still in profit if you don't sell , just Hodl
Bounty_Hunter
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February 07, 2018, 07:11:39 PM
 #367

I fully agree with you! This is a great tip. I think it's worth buying bitcoin now, because in a month it will be more expensive anyway)
DeepOnion333
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February 07, 2018, 08:15:43 PM
 #368

Cryptos will skyrocket soon:

>200tn USD is parked in asset classes which are massively overvalued and are about the implode (stocks, bonds etc).
<0.4tn USD is invested in cryptos, of which some are massively undervalued due to yet to be widely acknowledged world changing potential.

Large money flows will move into the crypto space soon. Limited coin supply results in skyrocketing coin prices.

Look into DeepOnion (ONION) and Nuls (NULS).
drogba773
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February 07, 2018, 08:18:14 PM
 #369

I have neve panic ed . Actually i was happy to buy more
Maluscoviski
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February 07, 2018, 08:23:51 PM
 #370

you do not have to panic and just wait for the coins to recover together with the BTC, if you sell will have a loss of money, and with the panic to the market is in the red and only wait for the market to normalize.

xarly1
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February 07, 2018, 08:37:51 PM
 #371

I think this is a reversal of the market, do you think it has come ? or is it too early to rejoice ? I bought some money if there's another fall before I buy more.
gustavroy
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February 07, 2018, 08:45:11 PM
 #372

I can't buy cause my all money at crypts already I am using there like bank if I need money I withdraw some but thats all.This months I totally fucked up but we will se shiny days
Swanson
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February 07, 2018, 08:54:05 PM
 #373

Let's admit that the market of crypto-currency is simply overheated. Many claimed that the market was overvalued when bitcoin first reached $ 2,000.
If you really believe in crypto currency, then the red numbers next to the name of the coins should bring you relief.
jashley
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February 08, 2018, 12:21:30 AM
Merited by ace4549 (2)
 #374

Thanks for the advice it will help many people understand that at the time of bloodbath people should buy more instead of selling because after every bloodbath market grow again so if we buy when its down we will get more profit.

Yes, this is a good thing so those newbie can avoid panic selling. Good thing they consulted here also in forums. Just make your own strategies guys so you can minimize your losses and can x2 or x3 or more you profit. Goodluck continue for sharing your ideas everyone this will help many people here in forum.

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flashbit
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February 08, 2018, 12:29:55 AM
 #375

Hi

Don't panic and wait. BTC is dead so many times ! Newbies must have a break : don't look at coinmarketcap and make something else, you'll avoid panic sells !
donadoni212
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February 08, 2018, 12:45:17 AM
 #376

this is a classic mistake that usually happens to newbie today, those who do not follow the price of bitcoin or other coin from the beginning will feel panic when they see the current price table that is bleeding.
I would advise to hold it because 50% or 30% loss is not a disaster for bitcoin, you should see bitcoin price growth from month to month or year to year.

reyblack
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February 08, 2018, 01:24:04 AM
 #377

Im not panicking. I trust cryptocurrency especially at bitcoin and altcoins like neo and litecoin. Cryptocurrency price are declining but it regains slowly right now. There's nothing to worry, cryptocurrency will regain it's worth value and stability in the market
blockchainmarketus
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February 08, 2018, 01:27:43 AM
 #378

Now everything is ok. I actualy panic and sell some of my asset to fiat. I hold about 0.6 BTC now worth of fiat. other asset are still in the wallet. i think I will HODL of my crypto asset wait for the highest price.
LuciferEveningStar
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February 08, 2018, 01:27:46 AM
 #379

For anyone who is panicking at the market-wide price drops, please don't! There is no reason to panic. Look long-term, don't look at price charts over the last week or month, look at them over the last year and see the pattern of rises followed by pullbacks... but the course is always upwards.

If you're new and bought in during December and now see huge losses... the worst thing you can do is sell now. Prices will increase in the long term. The current dip is just a correction to the wild excesses of last month. Don't panic!
If the prices you can see now are lower than the prices that you bought in at, then the best thing you can do is buy more. Why? This will lower your average entry price.
If you bought bitcoin at $16000 and see it now at $8000, the course of action is clear: buy the same amount at $8000, and your average entry point is no longer $16000, it's (16000+8000)/2=$12000.

Don't sell, buy!


Those traders who are only losing profit in this times are newbies, there is no reason to panic and do not think of downtime in the market as a bad days because we can invest further since the value is low. Now, if you worried that the price of your coins is decreasing then hold still for you not to lose your profit.
Pompa
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February 08, 2018, 01:51:16 AM
 #380

I always panic  on situation  according on what i expect on of all coins in the market. I have no a lot of coins to be change but when times comes my coins have been distributed it is nothing coz no value or lower value at all.
 
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