Decision in panic!

[gilangIDR]

Have you ever take wrong decision when you were panic. share your experience

So many investors as if holders are making decision so wrong because of panic maybe these are new people who dont actually know the nature of crypto market. They are actually afraid of losing money. But they dont know it is in the nature of crypto it is the matter of pumping and dumping or maybe in stable. But we all know that the price is volatile.

but if you think like that you don't have the capacity to research deeper. because as far as the knowledge I can have cutlose time if trading with a strong reason that the price of coins can dump further. if you always hold for a long time when investing, is that not detrimental to your time ??

For me, time is important. But thinking and analyzing will be far more important. Because when we are patient in taking every decision we have the opportunity to succeed. panic is something that is so difficult to avoid, everyone must feel it and we will be faced with various difficult conditions. Only good emotional control can make a panic situation better.

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[ourepts]

Experience is the best teacher. Panic in the world of trading is a natural thing. Like the question you shared my experience of panic sell, it was very sad when the price dropped dramatically, which caused us to fear loss and immediately sell it. But the next day the price went up (Pump). That might be my regret about panic. If you are a beginner, my advice is that you are patient for success.

[fudster]

I wish I had panic last January I could have lots of money today while I could also buy the tokens I like wit the money, now I just have to hold for a long period of time before I can gain once again. So I promise myself to panic when prices of these coins sky rocket to its ATH so that I can brag I have profited and buy back. I wouldn't suffer this loss again, This bear market had cause me my life savings.

[Soundy]

Almost everyone in the industry has done that before. I can say that in one time or more, everyone has made a wrong decision in this industry as we all know that nothing can be predict in this space.

[kiansantan]

panic is something that is very difficult to avoid, everyone will feel it and we will be faced with various difficult conditions. Only good emotional control can make panic situations better.

[Gabmot]

Through some experiences I have had and ones from friends all around, I have actually come to the conclusion that panicking is actually a cankerworm that can destroy a whole lot of works been done for months or year.

One of my experience is selling off quickly a coin called cube which I got through bounty espionage. After selling off, few days later, this coin tripled up more than the ICO price. It was so painful, but the deed's already done. Hence, I have been taught a lesson not to be too hasty about things.

[MGBloomz]

Have you ever take wrong decision when you were panic. share your experience

You should not decide if your in panic state but sometimes we just realize after it's done. In crypto you should increase your level of knowledge to not in panic when a bad news comes. Remember that it's unpredictable and you should always have a backup plan.

[Dmitry_K]

My experience says that decisions in a panic are almost always wrong. I understand that in a panic it is very difficult to work, but you need to try to keep a cool head in order to achieve success in trading.

[Ingoats]

Have you ever take wrong decision when you were panic. share your experience

Many people have surely experienced being torn into either selling or to risk and hold. We cannot really blame those people who have done such thing as selling due to panic because no one wants to lose for more and some people do not prefer gambling with their luck. So as such, selling is their way to cut down the loss.

[DyllanGM]

Well since you did not specify, Ill tell my story about how I panicked when I forgot my password in my wallet and the price of the coin I was about to sell is having a bull run.

[Ronyx]

Never make a choice in times of panic, at least let a more stable emotional state take a decision, panic will only make a foolish decision and not rule out the possibility that making a choice in times of panic can bring regret in the future.

[Joshapat]

When the market is dropping and there is no sign of recovery, it certainly makes many investors panic, I also experience this and choose to sell a portion of it too much, of course this is not panic but looking at the market realistically wisely.

[Ubrfeh]

I of course had a lot of unsuccessful transactions, ranging from bitcoin when I sold 5000 and he then went up and I bought then 16000, that's the biggest mistake

[futurefuturecoins]

Many times I participated in panic conditions on the crypto exchanges, when the Altcoins flew 100-300% in a few hours. It is not known when to join the purchase, and when to sell. In such a rush - my advice - do not wait for big money and sell coins when you earn 5-7%. Then wait for the fall, but if the coin price does not fall, then do not buy it again.

[udam]

I think all new comers to trading should be done their first traders with panic decision. Panic control our emotional and it tend us to always get wrong decision. I think for avoiding this situation their should be more experience.

[Markperop]

Many times I participated in panic conditions on the crypto exchanges, when the Altcoins flew 100-300% in a few hours. It is not known when to join the purchase, and when to sell. In such a rush - my advice - do not wait for big money and sell coins when you earn 5-7%. Then wait for the fall, but if the coin price does not fall, then do not buy it again.

In any case, such a strategy should be followed when the market is in good condition and all cryptocurrencies fluctuate in price quite naturally. But today, I would not advise selling anything, because it is equivalent to giving the coins for free.

[magnat7691]

How many times have I told myself not to panic when you see a red candle on the chart, but nothing comes out.

[DISPERADO]

Never make a choice in times of panic, at least let a more stable emotional state take a decision, panic will only make a foolish decision and not rule out the possibility that making a choice in times of panic can bring regret in the future.

This is, of course, good advice. But unfortunately we are all human and we panic, someone is more, someone is less, especially when market prices are falling rapidly.

[onemoretime8520]

it   is  pretty  normal  to  panic  when  the  prices  are  down  and  in  the   panic  conditions  i  think   you  can  not  right decisions  it is not only for  crypto  but  in  daily  life.

[turkmachiavelli]

Actually I haven't do that but I am really too patient to sell my coins. In last year, I had a lot of coin for gain money but I didn't anyone while prices were decreaisng immedietly. Now, I am still waiting for increaing of coins.