Solution to overcome panic

[khufuking]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

Number 3 is pretty much is all what you need to do . And if you are one of those that can not control them self then just relax and take sometime off and forget about the market for sometime stop keep looking at the charts every couple of hours ,  and completely forget about it couple of months (Yes you heard me couple of months )  .

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[Gabriellefull]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

As a beginner, I think it's hard to stay calm after the price of bitcoin crashes. They're still going to panic, and I think the best thing to do is to join groups and listen to others, and when he goes through more of that, he'll get used to it.

[player514]

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

1 and 2 are basically the same thing! and the information out there as "signals" come from groups and they are ALL complete nonsense and most of them are pump groups trying to fool some newbies and take their money for themselves. so stay away from 1 and 2
3 is kind of a weird statement in my opinion! the thing about bitcoin in my opinion is that you either see the potential in it or you don't. if you see it then it all comes down to your strategy. not everyone is a trader so they may not be willing to take advantage of every price movement up or down. but if you are a trader then holding is meaningless you must sell in a bear market and buy in the dips to sell on recoveries or if you want, short bitcoin in a bear market which is what we have now.

I actually think 1 and 2 are the most different. 1 is good because you can seek out news that can impact the bitcoin price. If there's news articles about a big investor thinking about investing millions into bitcoin, you can essentially be sure that the price will go up with that news. However, if you're surrounded by groups and communities, they can easily cloud your viewpoint by getting many people to raise the price for themselves to pull out while the price is high.

[Veterock]

If you will look at history of the bitcoin you will see, that bitcoin every year loses the price in the beginning of year, so keep calm and wait!

[hosseinimr93]

1. Seek information or signal to the next bitcoin price movement

They usually don't work.
No one can predict when the price will rise. If some one predicts that the price will rise tomorrow, there is also another person predicts that the price will fall tomorrow.
No trust to any signals or analysis.

2. Join groups or communities of crypto merchants

It will cause you to panic more. There are a lot of people with different ideas. I personally get confused when I read comments on such communities

3. Confident and reinforce the belief that bitcoin prices will recover.

It seems to be better
No need to worry. Don't check the price every day. Wait and HODL.

[AtlantaFive]

I think everyone experience that as a newbie. When i first invest too in bitcoin. Of course i don't know how it works and suddenly experience some decline. I panic at that time and ask myself if i do the right thing to invest but after reading some news and information. My panic is gone little by little. I suggest that don't overthink of our investment. Educate ourself of what is happening in the market. Just relax.

[franky1]

two key things

A. dont look at 3-hour charts. only look at monthly charts
B. if you see a price drop do not let the words "what day to sell" enter your mind. only think "discount buying day"

[mOgliE]

Hi,

I'd say that the first and more important point actually is to avoid panicking.

And actually whatever the market, for me the situation is quite simple:

1- Fix the amount you want to invest. It shouldn't be too important as to avoid panickcing, you must be ready to lose it, and consider it lost once you have turned this amount into crypto.

2- Try to buy at low and price and decide at which level of profit you will be done. If you buy at 10k, you may consider that 15k is a good profit. Or you may want to hold until it is 20k. This is up to you!

3- Hold until your price level has been reached. This way, you ensure your profit.

Though, with this behaviour, of course you won't make any short-term profit. But you will also take less risks.

[Wind_FURY]

Most of the advice in the thread are only good if followed. But that's why the call it "panic". All reason and logic have gone and it is emotions of fear and anxiety that takes over.

I believe there is no best solution in overcoming panic. Some people get used to the stress of trading, others don't.

[BTCeminjas]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

In a addition on these.
*Always trust on bitcoin no matter what is the FUD news come still holding on, don't lose hope if the price down beside the good thing to do is wait and have patience.
*If you doubt don't look the chart weekly just try to look the chart of the price after 3 months from you invested or look out the previous price movement when the possibility is bouncing back again.

~trust+hold+patience=profit.

[Nerman]

Best solution is not to become emotional when prices fluctuates up or down. You also need to stick with your plan if you plan to hild it for 1 year then hold it 1 year do not sell if you saw the prices is declining.
Do not check the price every minute.

[Akeeto]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

i dont know about you i dont keep my bitcoin on exchange i store it in my luno wallet so weneva i notice the deep coming i convert my bitcoin to fiat on luno wallet just for the deep to pass by then i sell fiat for bitcoin again

[Wendigo]

Well I am gonna use the famous gambling cliche bet only what you can afford to lose and slightly change it into only invest what you can afford to lose. With Bitcoin, you simply never know. People who bought in at $15k would be panic selling at $7500 and that's a perfectly normal reaction if they, for example, got loans or sold properties to pony up the cash for the 'get-rich-quick' Bitcoin dream. I for one will be keeping an eye on the price and try to pick up some cheap coins before the roller coaster launches skyward again and hope for a nice chunk of profit. Only time will tell haha.

So in a nutshell:

Only invest what you can afford to lose
Buy low sell high
Hold your stash long-term

Cheers

[zhopas]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

Well the best thing you should do to avoid panicking is to have a plan, a plan that may save you in any different conditions that you know that may happen in bitcoin world specially when it comes in bitcoin price changes.

[RNLCK]

It is better to keep the BTC. because Romany investors are treated on BTC. so i think in future the bit coin price will increase.

[St4yInTh3D4rk]

Never invest more than you can afford to lose which can save us from getting panic while investing on the crypto currencies.And it is not advisable to join on telegram groups which do more harms than the positiveness.So do your own research to make invest on the crypto currencies.

[Tipsters]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

The number 3 that you have written is the most difficult thing to do for most people. People are just so naturally impatient when it comes to money and we all know it. I also do not think that crypto merchants will be a good help because what is even the reason for doing this? In my case, I always assume that when bitcoin is down, it will be down for a couple of months so that I can plan ahead.

[TorbiK]

If you bought Bitcoin as an investment. You understand at what price you want to sell it. Well then, just wait until the price is right for you.

[talkbitcoin]

there really isn't some magical solution to overcome panic and in fact panic is a healthy thing. for example when market is acting weird it is not such a bad thing to panic a little but the thing you need to overcome is the idiotic decision that one may make after that panic filled them up.
and it will be easy to do it if everyone just took a moment to rethink what they are doing and why.

[EEEian]

Things are going down because the rich are selling.They want to expose other weak hands so they can buy back even lower, in higher quantity.This shit is gonna pop off,just hold.I just hate holding and seeing NEO go up more when I want more NEO,but I am not trying to trade other coins of value for 6/7 bucks. When they will be 30/40 in a few months.