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RiskySanchez
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May 17, 2018, 10:27:41 PM |
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The question itself is the answer “PANIC”. Everyone knows cryptocurrency market is highly volatile and risky. And most of the people do emotional trading. They sell when it is crashing. And suffer from the loss. They panic and sell in the loss. What is the point in selling at low? One must wait for the market to turn green and bullish. The way to stop the panic is to not engage in panic-inducing activities such as day trading. It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead. The doctor says don’t put your arm overhead  If you are in need of urgent money than selling is OKAY but for profit, HODL is the best. There's nothing wrong with Panic selling as long as it's profitable, even if it's too long in HOLD it'll be a boomerang for ourselves, it could be that the coin we hold will slump steadily in price or you can sell some of your coin to avoid excessive losses |
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thirdkiller
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May 18, 2018, 11:37:17 AM |
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I am pretty sure that the ones who panic sell most of time are the new participant of the cryptocurrency market because they have not gotten to the point when they lost and they are trying to avoid it even if panic selling would not make things work.
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meatballsset
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Activity: 98
Merit: 10
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May 19, 2018, 04:00:28 PM |
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the answer is stay cool, stay calm when the price of coin is down and down, and of course don't open your market apps ow web for a while, wait until the panic sell is stop and you can wait for the price recover.
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Anandhi
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May 19, 2018, 04:15:29 PM |
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the answer is stay cool, stay calm when the price of coin is down and down, and of course don't open your market apps ow web for a while, wait until the panic sell is stop and you can wait for the price recover.
Yes, leave the market and portfolio app while market is in the bearish trend may help to avoid panic. If we keep watching the price movement, then the chance to make bad decision will be higher. |
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Joemzz31
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Activity: 308
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May 19, 2018, 04:25:15 PM |
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To stop panic selling in cryptocurrency the most best things you should do is to simmered down to think clearly what are the best thing that you need to do and observe the situation that you belong too and make a wise decision or action to avoid regrets also.
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RoftheN
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May 19, 2018, 04:53:10 PM |
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Well the first thing that you need to do is stop checking the price of crypto currencies constantly and switch from going all in to daily cost averaging. By daily cost averaging you stop caring about the price and this kills most of the panic out of you. Now you just need to set a target sell price whenever you buy any coin.
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dakiev
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May 19, 2018, 05:18:17 PM |
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The question itself is the answer “PANIC”.
Your emotion is the one playing on you. If you can control your emotion and be patient then you can curtail panic selling. Cryptocurrency market is a speculative one which rely mostly on market sentiments. so filter the news you hear before you act. |
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icoprofits
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May 19, 2018, 06:52:45 PM |
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don't react to every panic news and fud news mostly importantly statements like warren buffet and bill gates and jpmorgan we should nt react to govt reactions on bitcoin and sell coins it will put us in loss
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Mr.ZODIAC
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May 19, 2018, 08:15:43 PM |
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don't react to every panic news and fud news mostly importantly statements like warren buffet and bill gates and jpmorgan we should nt react to govt reactions on bitcoin and sell coins it will put us in loss
It seems to me that if there was such a situation, it is better not to sell your coins, there is already a period of panic. It is better to save and see that this will bring you huge benefits. |
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Kupid002
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May 19, 2018, 08:22:49 PM |
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Well the first thing that you need to do is stop checking the price of crypto currencies constantly and switch from going all in to daily cost averaging. By daily cost averaging you stop caring about the price and this kills most of the panic out of you. Now you just need to set a target sell price whenever you buy any coin.
this is truly that may affect you for to sell immediate on what you can actually see for so be confident for what you take for in cryptocurrency our emotional tendency of selling this may have to be strong for when you are always checking the price of then you are also make things so complicated that is why you feel so panic. |
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sureshotcoin
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May 19, 2018, 09:09:44 PM |
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panic selling is for newbies who are fearful in every market condition they do panic selling now and they give cryptocurrency for whales
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HELLOFF
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May 19, 2018, 09:21:37 PM |
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panic selling is for newbies who are fearful in every market condition they do panic selling now and they give cryptocurrency for whales
I completely agree with you and It is in this way the actions of the titans market to work on other participants who will panic selling their coins at a cheap price. Although there have always been special methods of trading in the market. |
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susuberuang
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May 19, 2018, 09:50:48 PM |
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I control myself to be able to stop when I experience panic in a way I do not really pay attention to the prices in exchange that will only give you panic because of the price movement that always makes you afraid.
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julzcoinbit
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May 19, 2018, 10:05:41 PM |
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Well the first thing that you need to do is stop checking the price of crypto currencies constantly and switch from going all in to daily cost averaging. By daily cost averaging you stop caring about the price and this kills most of the panic out of you. Now you just need to set a target sell price whenever you buy any coin.
That's a good Idea, setting a a target price of a coin where do we going to Invest Is really effective which make ourselves discipline and prevent loss our money In cryptos. But If you're new In cryptos Its normal scenario that we gonna make a mistake because Its considered as charge of experience and make ourself stronger than ever. |
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shaadsufi
Newbie
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Activity: 182
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May 19, 2018, 10:19:13 PM |
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You will not get loss until you sell in a loss this is the rules for crypto. Many newbies are here in this crypto market and all the times they get panic and sell their coins in the loss and because of that market goes more down if this panic sells get in control market will be more stable.
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cheeseandcrackers
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May 19, 2018, 10:21:56 PM |
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Check your emotions at the door. Don't sell things at a loss, unless the project is confirmed dead or scam. Otherwise, just don't be an idiot. If you're more prone to panic selling, just buy bitcoin and sit on it. Don't allow yourself to make decisions on it when you know you panic in the first place.
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CryptoLoverz
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May 19, 2018, 10:48:45 PM |
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The question itself is the answer “PANIC”. Everyone knows cryptocurrency market is highly volatile and risky. And most of the people do emotional trading. They sell when it is crashing. And suffer from the loss. They panic and sell in the loss. What is the point in selling at low? One must wait for the market to turn green and bullish. The way to stop the panic is to not engage in panic-inducing activities such as day trading. It is like the old joke; a man goes to the doctor and says my arm hurts when I put it overhead. The doctor says don’t put your arm overhead If you are in need of urgent money than selling is OKAY but for profit, HODL is the best. I think the right solution to reduce the sense of panic in the face of falling bitcoin prices is to multiply the activities that must be done. with so many activities available, maybe the sense of panic will be slightly eliminated. many activities exist in the world of cryptocurrency, and generate profits. for example by participating in a prize campaign program or creating an article according to an existing project. panic is something that should be avoided for bitcoin traders. most of those who sell emotionally and sell when prices go down because they panic and fear that they will suffer losses again due to bitcoin prices that they think will decrease. I also agree that for now a good strategy is to resist not to sell. |
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chichigirl
Sr. Member
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Activity: 588
Merit: 251
HELENA
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May 19, 2018, 11:00:29 PM |
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Be ready in all movements of the coin. Btc and alts will surely rise and fall, when it falls take a break and keep calm for in time it will rise for sure. It is important to learn how to keep your emotions and do not panic.
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JL421
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May 19, 2018, 11:31:03 PM |
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Don't let the coin fall only below your bought price, for example if you bought something at 200$ and the price rises to 250$ you have a feeling that it will rise more but unfortunately it was all a pump and slowly you lose your profit what you can do instead is but a stop loss at 200$ so even if the price falls below 200$ you are not suffering any losses
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krankNL
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May 19, 2018, 11:36:25 PM |
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Don't let the coin fall only below your bought price, for example if you bought something at 200$ and the price rises to 250$ you have a feeling that it will rise more but unfortunately it was all a pump and slowly you lose your profit what you can do instead is but a stop loss at 200$ so even if the price falls below 200$ you are not suffering any losses
This is vital for the newbies, majority of us made these mistakes when we started for the first time. I remember this, then the new people should know how to buy their coins. Whales can try to take you into their trap. You should not sell your coins during dump markets. |
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