How do I stop panic selling cryptocurrency?

[EditorK]

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.

[SellBuyAcc]

Most of the panic sellers are those who are just newbies in the business or trading, and most specially if they do not know any knowledge on bitcoin at all. They are just going with the flow even if do not get the profit from what they invested. That is why.

[CrKedd4]

if you are faced with the problem of course the best option is to sell in comparison to save because it is in need of money even though you know bitcoin prices down so dratis and very difficult to consider

[cryptorTUX]

First things first you have to stop to play with 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. Another tactic is to have your coins in the paper wallet hidden somewhere and make it a big effort for you to go pick the paper wallet expose private key and then send the funds to an exchange to be able to swap the m. Because the more effort you need to put to do some action the less you ou want to do it. So these are some simple ways that are hope will help you.

[meanwords]

Most people who are new to cryptocurrency are mostly doing this because of fear of losing more profit because they bought at the very peak price and when a correction happen, they just sell because of they are afraid to lose. We know most investors sells when correction happened that's why newbies tend to sell too because of the trend. I think if you have really research and understood about your investment, you can control yourself of panic selling. Also, you can stop reading news about crypto if you can't handle it.

[wormgummy019]

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.

In my own opinion, for you to stop panicing in selling bitcoin, you must have a calm mind. Focus yourself that you need to earn a high profit but it needs a long time. You must have patience in waiting for the price to rise up. Then you must know some news about the price daily for you to know if the price is rising or falling.

[Dingdongjl]

LMFAO, No one can stop it even Satoshi Nakamoto.

You cant control all BTC holder in the world if they want to sell there is nothing you can do with it.

The only thing we can help here is to spread the good's of BTC and or Cryptocurrency and keep on supporting to keep the price bump and can also help to fight the dips.

[Brennus101]

Make sure never to have more invested in crypto than you are prepared to lose. Then there is no reason to panic if the price drops.

[2@abcdeeply]

If you do not want to panic the money I advise you not to join the Crypto market. They are risky markets, Crypto markets are not for the faint of heart, for fear and for impatience.

[Labajah]

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.

we cannot stop people from selling their bitcoin. maybe they are in need of money of they are panicking. after all, it is their decision. whether they profit or not, it is their money. not ours. they know what they are doing.

[paulo29]

Its true that price of all cryptocurrencies are falling and no one know when this prices will increase and will become stable. This is the risk of all form of investment, nobody knowns when the value will increase or decrease so patience is virtue that you need to practice at this moment. I guess it is better to hold your cryptocurrencies and wait, if you have more extra fiat money it is also better and wiser to buy more of it and wait until it rises again for your own good opportunities in future. Another thing, all your earned bitcoin needed to be safe and theres so many ways to safeguard whatever assets you have, read some articles, watch videos and even ask people who are into this trading. Remember, bitcoin is very volatile and its value or price is cannot be predicted or it is undermined, but you can analyze its trends and works to lessen somehow the possibilities of losing,and to earn more profit to your investment.So stop panicking, hold your coins and wait until its price roars again.

[talkbitcoin]

what is the point in selling at low?
One must wait for the market to turn green and bullish.

there are two different things that should not be confused with each other.
1. selling at a loss (lower than you bought).
this is a very good move and every trader should make this move. the market is unpredictable and sometimes we make mistakes so we should correct these mistakes by stop loss and things like that.

2. panic selling.
this is when the newbies see the mistake they have made and see the drop but they don't sell. they wait instead. and when price reached the bottom and there were no more drops but there were a lot of FUD they start selling then. this is the wrong thing that should be avoided.

[oceantiger]

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.

[LanzCoinPress1994]

Emotional decisions lead traders to losses. Especially, in Crypto world, nobody can predict the market at an exact point. According to my knowledge, there were two main reasons that influence to " Panic Selling ".

First thing is that lack of knowledge and trust about the project which they already investing.Some of them buying coins only watching Youtube videos and rely on others opinions. Without doing own research nobody won't able to make concrete decisions about himself. Everyone should able to trust their decisions.
Second thing is that stay patient.Crypto Market has high volatility.Always Downtrend and Uptrends have occurred.If you entered at the peak point of a market then you should able to wait until it reaches to pass that peak value. It may take several months.It is worth instead of losing money.

Personally, I believe to overcome panic Selling, We should take sold decisions and stay patient.For Example, the market journey of Bitcoin.

Thanks  

[Pursuer]

it is pretty simple. if you find yourself panic selling too often then you have to start rethinking your first decision which was starting to trade. maybe you have to stop trading then because it is not meant for you. come back to trading when you learned how it works specially if your answer to a "panic sell" is to "hold" because it is the wrong answer my friend.

when trading "panic sell" and "hold" are both the two extreme side of the same coin. you should run from one to another.

[Zin-Zang]

Panic selling happens, because people don't really believe in the coin fundamentals.

You're playing with the crowd momentum and not directly off of your own profit margins and individual ideas.

1.  Invest only what you can afford to lose
2.  Selling to lock in a profit is smart.  
3.  Patience is the Key ingredient, think in years as your profit goals.
4.  Reevaluate your decisions based off of technical changes not because of Market Changes (That should be irreverent except for profit taking.)
5.  Decide your Profit Margin, 1.5X,2X or 100X original investment  , higher the # the longer your hold time.
 
If you can look at the market data and not become emotional, that is best.
But if you are emotional type, after choosing a coin you believe in only look at it on a yearly or biyearly basis to reevaluate the coin's fundamentals.

[adpinbr]

My current strategy is that I hold my bitcoin and I dont look at my mobile wallet. It actually helps because it is less worrisome because there are times that you are worried because the price decreases and then it will unanimously  increases.

[etin06]

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.

You can stop panic selling by doing the following:
1. Believe in crypto currency
2. Don't buy pump, always buy at the support level that way ur mind will be at rest
3. Be a long term trader.

[Tipsters]

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 have heard of no one becoming successful at day trading. This is a very hard task to do if a person is vulnerable to panic attacks. However, it is true that the answer lies in the panic itself. Panic selling gives no reward and no success for those people who does it. But, it is excusable for me to dump if your assets are ERC20 tokens. It is because these types of coins are not good for holding and it is better to sell them right away. Anyway, the most common mistakes of people is panic selling while their assets are in bitcoin. Better avoid this type of mistake.

[boblets243]

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.

We can't control everybody who owned crypto. Everyone knows that crypto is highly volatile but I think those who are new to this business aren't aware the degree of volatility. So there is a tendency of panic. Thus, it is important that people who will engage in crypto to be fully aware of the risks.