Solution to overcome panic

[crypto mania]

if you are still sitting on big bags this is only your fault. You should be selling at ATH or just after when there were hundreds of signals that we will soon enter a bear market and heavy price correction starts. If you cashed out then you search calmly for a super entry point and that is correct behavior.

If you haven't sold at ATH then there is no other option for you as HODL and pray that bulls finally take over the market because you already lose 70% of your money and this is no time for sell only to look for the good entry point.

Buy low, sell high that's it.

[whirlcoin]

Fix a goal price for selling your cryptos,sell your coins 9nly when it reaches that price so it can helo the people to save from panic and people have to stop avoid checking the orices every five minutes which causes the mist of damage to crypto currency.

[Saisher]

I have another view. I prefer a solution for not having panic rather than one for overcoming it.

1)   Do a lot of research about the asset you are going to buy before you buy it and decide to buy it for its fundamentals and long-term perspectives.
2)   Only invest money you can afford to lose.
3)   Diversify.
4)   Don’t have more than 25% of your portfolio in high-risk assets like bitcoin.

Those are basically my points. With those I yawn in markets like the current ones.

I agree on the number two this is very important to avoid further loses in the future, but unfortunately that is not perfect, there is no perfect system, I did a good research on Kucoin this is such a good investment but until now it is not living up to my expectations, but still hoping that I can make profit here.

[btcdevil]

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 am confident on bitcoin so i am holding it and in low i am buying more so that on next price increase i should able to gain profit. I am a long term holder so this price fluctuation wont affect me.

[Putunembah]

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

indeed for a beginner usually for example see bitcoin price levels decrease them in panic and sell their bitcoin, but it would be nice if we are patient and keep calm and let our bitcoin until the price will rise again.

[CoinOnTheBeach]

1 only invest what you can afford to lose
2 be patient
3 beaware that some people might be playing you and giving you the wrong advice
4 do your research on what you invest in
5 dont invest everything in one asset

[bitfocus]

I take more primitive way, just buy Bitcoin and forget about them for next few years. I only cash a fraction of what I earn for my services (in Bitcoin) when I need hard cash.

[bhabygrim]

I think you should make a back up plan so you wouldn't panic about it,
Always plan what you would do if one of your investment fail so that you could recover what you lost.

[maichimoto]

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

best solution is to simply trust your judgement and common sense instead of fud and speculation. Yes the prices can go down anytime, but in long term if the project is used and successful, price will show that

[Missterio]

You do not need to keep track of the price every hour or every day, if you believe in crypto currency then you should know in the long term it will grow.

[godwyn50]

We all get scared sometimes. Our hearts race, our breath gets shallow, and our hands and feet turn icy cold--these physical expressions of fear are our normal responses to things that threaten us.

But moments of panic can cause you to experience these feelings with no apparent cause, robbing you of confidence and composure unexpectedly throughout your day. You deserve to be free from these troublesome moments, and the ten easy and effective techniques you'll find in 10 Simple Solutions to Panic make it not only possible but also easy. Learn how to monitor your episodes of panic, and find out how to replace your anxious, racing inner monologue with calm, realistic thinking. Discover safe and comfortable ways to face fearful situations. Breathing exercises, stress reduction techniques round out this approach to overcoming panic that promises to restore your security and peace of mind.

[shezu007]

I think everybody encounter that as an amateur. When I initially put too in bitcoin. Obviously I don't know how it functions and abruptly encounter some decay. I freeze around then and inquire as to whether I make the best decision to contribute however subsequent to perusing some news and data. My frenzy is gone little by pretty much nothing. I recommend that don't overthink of our venture. Teach ourself of what is occurring in the market

[dificanovi]

with the current bitcoin price condition I prefer to hold back and be patient waiting for the bitcoin price to recover. I am sure bitcoin prices will recover in the next few months. the condition of the crypto currency market is currently being taken advantage of by investors to buy as much bitcoin and altcoin as possible, and after this, bitcoin prices will soar as the bitcoin sellers are dwindling.

[Swenna]

To overcome panic selling, I recommend the following:

1. Patience
2. Research
3. Faith

Why?

First, you need to have patience because not at all times, the market will be green. There will be lots of time where everything will be bathed in red. You have to keep holding your coins until it is the right time to sell again. Also, don't check the market every minute or every hour especially during deflation. This will increase your anxiety and worry.

Next, you have to do some research, a lot of research. You have to research about the coins that you are currently holding. You also have to research about the possible time when the value in the market will rise or when there will be a dip. Also, you have to research on why the value of the coins are going down. You have to read the latest crypto trends and news and then identify whether they are the truth or just FUD''s. This will help you to know your next move as to sell or to continue holding.

Lastly, if you have done everything that were listed above, then all you have to do is to keep faith. You've been patient enough, you've done your research quite well, so now everything will just depend on your faith. If you believe strongly and know that what you're doing is right, then at the end of this dip, you'll be earning the fruit of your labor.

Good luck!

[buburjelly]

I have not felt the panic as most people see when market conditions have decreased because I have not had any assets since I started joining bitcoin. I have not felt the sensation of trading in the various crypto markets but I understand what you feel when the panic comes when this market, the instinct of a human being who is always dissatisfied with something that has been found that makes them feel panic and fear of loss when things it is a process for success. Make the panic and loss a valuable experience for the better in the future.

[eduvacation.net]

Some opinions put forward are patient, researching a crypto to be invested and waiting for the right moment. The third points is a very difficult thing for me because I do not know what kind of news is a positive signal for the price movement crypto so the news in circulation makes me confused to make decisions in investing. I am still waiting for another suggestion to solve this panic problem and hopefully, your suggestions can help many people in making investments (especially for me).

[carlbreezy]

I have another view. I prefer a solution for not having panic rather than one for overcoming it.

1)   Do a lot of research about the asset you are going to buy before you buy it and decide to buy it for its fundamentals and long-term perspectives.
2)   Only invest money you can afford to lose.
3)   Diversify.
4)   Don’t have more than 25% of your portfolio in high-risk assets like bitcoin.

Those are basically my points. With those I yawn in markets like the current ones.

#3 and #4. My rule of thumb, whether in crypto or stocks, is that i maintain 10-20% per position of my total portfolio.

[Visbay]

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 would recommend see if the market is all red or all green, you just have to wait it all the time and be patience.

Exactly there are a lot of sites which gives fine info about bitcoin investment that when they should invest and when they should not invest, all the time look at the market if you see market of bitcoin at green means it is time to sell and if you see it is at red then they should buy more and hold their bitcoin, right time to buy bitcoin is low price and sell is very high price so no need to panic further info can be taken from bitcoin talk.

[fuer44]

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

if you join the crypto merchants, their answers must be the same. ie continue to hold it. because there is no other choice. if we sell it, we will only get a loss. maybe some of them will also suggest to buy some altcoin, i also do the same thing. rather than just holding bitcoin, it's better to add investment in altcoin. and as the price starts to rise, we will get a double advantage.

[hitrawal91]

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

This is really a nice post to answer, but before I answer I would like to tell that you should first understand what is panic, how the panic situation arises and then you focus on solutions part because I always believe that prevention is better than cure. Panic arises when we don't know what to do with the extreme level of supply or demand and this can be known if we can define our entries and exit points in a clear-cut way by this way you can at least avoid panic situations from trading. You can also take some guidance from some professional and full-time traders, and they might answer your query in a much more better way.