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Author Topic: How do I stop panic selling cryptocurrency?  (Read 2119 times)
Nonie
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May 14, 2018, 09:58:17 AM
 #401

that's a good opinion I agree to that. panic is the biggest mistake anyone can make to lose in crypto trading. I agree with the hold until you get a profit  Grin

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May 14, 2018, 09:58:30 AM
 #402

I agree of those answer here. Panic Selling is newbie moves, They will always think that when the coin or token dump they will never pump again. We cannot blame them not because they have weak hands, They have own emotion or they afraid losing profit. And i think on there mind Money will turn to Stone when they not trade before the price crush Cheesy Grin
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May 14, 2018, 10:19:57 AM
 #403

Nobody can blame you from panicking dear friend. After all it's your investment that you were protecting. The only advise i could give you, is you should totally refrain yourself from looking at news about crypto. Shut your television or your radio whenever things related to your investment pops out. Focus your attention in achieving your long time financial aspirations, be it for retirement plans, for college tuition of your kid or for that much awaited vacation for the whole family. Great optimism and patience will be your key in making this dreams in reality.
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May 14, 2018, 10:20:31 AM
 #404

when falling prices will make some people panic and sell but that will only make them lose, it's better to keep holding and be patient because the price of the coin is volatile then it will surely increase again, so do not worry and panic
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May 14, 2018, 05:32:17 PM
 #405

In crypto not panicking is he who places orders and monitors their financial portfolio. Use special applications such as FinTab.
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May 14, 2018, 05:45:32 PM
 #406

You are right. Thanks for the joke. These kind of bullshit happens only on those case. Short time investment is the first reason. Secondly comes the little knowledge of investment. Thirdly the emotion. In trading or investing there is no place of emotions. Ok, finally comes the urgency. Again I’m same with you, your urgency needs the money not the profit. At last I will say that if you really invest in order to have a good profit, then have patience, know more, keep researching. Hope you will find the way you actually want.
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May 14, 2018, 08:58:17 PM
 #407

If you have panic than you have violated rule number 1 - don't invest money you cant afford to loose. And you better now change your portfolio. I hear people mortgage houses to buy bitcoin...so stupid
That was the most stupid thing i ever heard, you do not need to mortgage your house just to have money for buying bitcoins. This kind of people are mostly novice who doesn't know the actual risk of losing it. If you can't stop panic leave trading or uninstall your monitoring apps so you wouldn't see the price.
Exactly no need to keep on price looking it is increasing or decreasing, once a person invest for trading I think better if you keep patience, those who lose patience when price get down should not look at price graph till the end of this year, whenever you feel price is getting down try to think positive and don’t listen to false news and discouraging people, hold when it is low till it get high once again.
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May 14, 2018, 11:44:29 PM
Last edit: May 15, 2018, 11:09:05 PM by miyong
 #408

Panic selling is just normal specially to some of the beginners without any experiences in trading,  like me,  i was so nervous during my first stage of trading, when it goes down, i actually sell all my coins.  Such a great mistake from the  beginning.

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May 14, 2018, 11:54:43 PM
 #409

A trader should be full of knowledge about the market's volatility and riskiness. In whatever way you are going to use bitcoin, especially in selling, you should be mindful that it's price might still go higher and that would give you a more profit compared on buying immediately when you see that the price is getting low. Just have a mind set that you son't need to panic that muhc.

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Asawakobana2017
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May 15, 2018, 01:20:28 AM
 #410

A trader should be full of knowledge about the market's volatility and riskiness. In whatever way you are going to use bitcoin, especially in selling, you should be mindful that it's price might still go higher and that would give you a more profit compared on buying immediately when you see that the price is getting low. Just have a mind set that you son't need to panic that muhc.
Yes I agree on that, I think as a trader we must know first the consequences, maybe we need to know first that crypto currency is unpredictable and we can loss anytime anywhere, so then before we ingage on cryptocurrency feild we must know first that in crypto currency feild we cannot predict anything, because we don't own the decision of others, and everything may effect on the market specially when people loss their trust and faith on it.
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May 15, 2018, 02:13:56 AM
 #411

Be knowledgeable about what's happening in crypto world would be your best weapon against panic selling because panic selling will always be a nonsense decision only , don't stress yourself about the things happening right now in this industry because it will only lead to bad decisions that you will regret in the future. Make yourself busy by being active on the news about Bitcoin and altcoins or by playing the market everyday by day trading so that the coins that you hold will be safe on your wallet at the same time your earning profit in day trading once you do well in that thing.
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May 15, 2018, 02:19:04 AM
 #412

That is the personality of everyone, you should reconsider I know it is very difficult but if you keep the fear, you will lose temper and can not be patient in this market.
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May 15, 2018, 03:22:32 AM
 #413

Most of the panic sellers are who are early traders or the Short-term investors, If you are really in a need of money, you can sell the coins at a lower price, but not at the loss. if you just want to get high profits out of it, I think we should HODL at least 6 months.
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May 15, 2018, 03:31:03 AM
 #414

First you have to stop to play with Your emotions and play with your mind that you have. Easiest thing is to make the plan and follow that plan that you have made. Even if you feel like selling try to follow it, because those that play with emotions lose it in this trading world.
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May 15, 2018, 03:59:14 AM
 #415

Just create an order, leave your computer for a while and come back in ten, to twenty hours, most possible your order would have been completed, otherwise you have zero luck and the market has crashed, hahah lol
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May 15, 2018, 04:01:52 AM
 #416

When investing in crypto, it's important to have the right mindset going into it. Be willing to ride the highs and the lows and have a long-term mindset.
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May 15, 2018, 04:26:40 AM
 #417

those who sell panic are those who just go into crypto or new in trading, especially they use sometimes using money that should not be used, hoping to get a profit, it lost because it must immediately use the money for his purposes.
and also new people in trading mostly buy at peak prices and when the correction occurs they are afraid to lose more and immediately sell it in a state of loss.
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May 15, 2018, 05:41:10 AM
 #418

It is up to you and your instinc as well you must be in the positive way of thinking and never mind some issues that you have read or heared in news about crypto currency because it will cause in panic selling of your coins.
Kunlejoe0
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May 15, 2018, 05:46:33 AM
 #419

To stop panicking is very easy, determine from the beginning the price you will pay for your bitcoin purchase and your exit price as well. Having done this you should strictly adhere to your plan!
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May 15, 2018, 09:50:04 AM
 #420

In order for one not to panic when the prices of cryptocurrency is down, he or she must look back on previous events such like this. Before there are numerous cases whereby the value of cryptocurrency was really low, but it tends to go back up because of it's volatility. I'm quite positive that it will give them a sense of security.
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