Solution to overcome panic

[cunguks]

I simply set an alarm for specific price. Then I'll wait until my alarm rings. In that time period, I was trying to forget all about bitcoin. So, because of that, I can overcome my panic. There are many apps that could set an alarm.

[Ilegendph]

The best suggestion still goes to diversifying investment. There are two reasons are, first, as of now, may coins/tokens are independent of bitcoin specially if the platform of that token is proven, tested and used by many. Second, by doing so, you can gain different experience that is essential in investing and the good thing is you minimized the possible loss that may incur.

[winspiral]

The solution to overcome panic is to sell as soon as possible and rebuy later.

[Hans17]

Well for me my solution how to overcome panic , is to be patient , be optimistic and one of the main solution that i've done and it work so far so good is to conduct a search and ask my friends something like that gathered ideas and information , and after that review it that's all though. Don't panic just all of a sudden , and this is one of the common mistakes of the holders by the way, so learn to overcome it.

so again

1). Have patience
2). Be optimistic
3). Conduct some basic search
4). Review

[White32]

I think everyone here must prepared before involving in bitcoin industry specially in trading, because of the volatility prices. So everytime that the price goes down we'll couldn't surprise with it and nothing to be panic. In this case do research some tips to avoid panicking. Always remember that bitcoin will rising no matter what. Be positive at all times.

[LSt56]

I agree with the 2 points you mentioned that is to search for information and also always be sure that bitcoin will recover, but for option no 2 I feel a bit hesitant because many communities of crypto merchants give wrong information and even just think of themselves. (sorry if my words are wrong)

[bitbunnny]

To your list  I would also add "use your experience".This is the very important moment to avoid panic and I beleive that experienced users keep their head cool and they don't panic because past experience tought them that market will be not red forever and that the price eventualy will go up.

[tera linh]

To get over the panic, turn off the computer and go out to exercise or meet up with friends, do not think about it anymore, you will feel more comfortable.

[SummonKing2]

To overcome the fear of falling Bitcoins we must be smart. It's not good enough. Your destiny depends on you so you should be smart.

Always read on all news. Try not to miss any news. By doing so you will immediately get a signal if the panic selling happens. To cut down on the overestimate of assets

[bit-freedom]

My solution is to invest within our means, never invest more than we can afford to lose. In this case, we will not feel too stressful when our portfolio is at 50 or 70% losses.

[david tex]

To overcome the crisis need to concentrate and see the nature of the problem. Sometimes the solution is simple but due to not good psychology, so it should be comfortable.

[beej]

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 think this is more of a personal choice and any answer will have different effects on anyone. Deflation in the
market is a no brainer, it's simply beyond a normal joes control and reach. Volatility is something that makes
markets work the way they are. We either loss or profit from it, it is what it is. You can't expect to win everytime.
I think the best thing to do with declining prices is plainly hold your coins and do a lot of reading on market
news and updates. Monitor the prices if you want to, but always brace yourself since speculations tend to
elevate and excite people. Formulate your strategies and adjust if it needed be. The most important thing is
to really stay positive and open-minded.

[bocyaj]

You have some points to recover the panic selling.First you can use signals to know about the future price of bitcoin.Just check the previous price chart,then you will get belief in bitcoin.I had believe in bitcoin,this is reason I had holding some bitcoin in my bitcoin more than two months.Just hold the bitcoin.

[addeqt]

Thank you for those information. I see people immediately sell or immediately buy when a bad or good news came out. And I found some have benefited from it while some are so early that the effect of the news mitigated in the next day. I have once watch for a news, and after watching the news I immediately post a sell option. However, rather than the price goes down, it turns out to the opposite side and I'm just unlucky to sell it off while the price goes up. Sometime acting fast is good and sometimes acting fast is not a good thing.

[eduvacation.net]

To your list  I would also add "use your experience".This is the very important moment to avoid panic and I beleive that experienced users keep their head cool and they don't panic because past experience tought them that market will be not red forever and that the price eventualy will go up.

As the saying goes "experience is the best teacher in life"
I believe the proverb is related but the conditions are very different when we start investing or crypto traditions. I seem to see that panic will disappear when we become a whale that can control price movements in the crypto market. The next questions are what precisely prevention to overcome the sense of panic on the movement of market prices crypto?

[ajoygb]

Overcoming panic we need first to understand why we joined because  through understanding you may able to cope up your emotions. Before doing things we always consider the pros and cons and which we consider carefully so that we can make a sensible decision.

[plaintiff77]

Well in order to overcome panic you must understand what bitcoin is and why its value keeps on moving.From the past few years bitcoin is increasing its value even if its price drop down for now it will still increase so you must believe and trust bitcoin so that you will oveecome panic.Also you must be patient as well.

[simongoat]

Give you ledger to a relative so you can't touch your funds, delete blockfolio from your phone, stop watching youtube technical analysis videos and spend some time doing something you really enjoy.

[haunguyen19995]

so calm and watch the market often, should not invest much at this time to avoid losses.

[btyco]

Just hodl those coins and have patience. The best thing to do for newbies is to simply forget about it for a few months and come back to it. Take up a new hobbie and then return to your riches