Three things you should not do when Bitcoin prices drop!

[btcjocan]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

You got it right mate those advices were worth enough enabling us not to get panic sell at all.Although not all of us can be convinced because we can't really deny the fact to stop worrying when the market crashed but at least you have stated it right and warn us.Our emotions will make us desperate to sell our investments when its price goes deep.What makes it more worrying is when holders keep on monitoring the price in the coinmarket capitalization.In investing in this field requires a strong heart on how to deal with things most especially when there is losses.

[fisherycrypto]

Where ever there is a pump, people don't care much about what they are buying. As long as they have that feeling of getting rich quick overnight and until they are buying in. At least this is what majority of people do. BTC can be used as a currency but mostly it is used for trading

[gesdan]

haha i agree with you dont see the chart every time, if the price is dropping what i do? i disable my android applicarion about cryptocurrency, and block all the website that related with cryptocurrency on my computer

[Patient_Zero]

It depends on the person holding the BTC. At the current price of BTC, you cannot avoid to look at the price chart and waiting to rise again.
If you invested last December 2017 you might have a heart attack right now.

very funny, we must be total to trade, for anyone who is afraid to lose then do not trade, the world of commerce is indeed full of risks namely profit and loss is already common, do not quickly become panic if we trade feeling loss, the best is always learn to be a true trader, especially for beginners do not trade if you are not ready to lose, do not always hope to always profit sometimes we lose, trading crypto currency is very unsafe for small traders because this is very risky.

[bayu7adi]

there's more, don't ever use your emotions when you are faced with the choices you have, always calm in making decisions,
You are not in the doctrine to do HODL when the market is dropping, you can sell at a low price, then make a buyback at the price below

[iMark]

I agree with your suggestions, staying away from these listed suggestions could do away with most of the panic in the system. BTC is going through a lot but lets do our possible best to trust it since together we can make it happen.

why do many users panic? because they follow a kind of group and see how many people react, suggestions from some users to do selling, that makes many people panic, even if you just keep quiet you will not be panic, because I'm sure panic factors come from the external

[Peashooter]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

All of that are correct and I think it is most advisable to all people who suffer in a big losses. I think always staring in youg portfolio and even in the chart will really make frustrate so kind avoid that. Just always in positive outcome and I think I will follow your advise.

[Aldrinx00]

I think this is not applicable to everyone especially with the day traders because you need to observe and monitor the chart everyday. It's hard to predict where the price of bitcoin will go it may go up today but it may go down the other day, i think if we really want to make profit on bitcoin just buy now then hold for many years.

[9seed]

thanks a lot to shareing your advises, surfing in the market really makes me nervous

[Cherylstar86]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

All of that are correct and I think it is most advisable to all people who suffer in a big losses. I think always staring in youg portfolio and even in the chart will really make frustrate so kind avoid that. Just always in positive outcome and I think I will follow your advise.

These are all very helpful, interesting, and good points to ponder. There's more to learn, so don't limit yourself to be hunger to acquire more knowledge and skills. Moreover, don't get driven by your emotions,  don't panic, stay calm, and believe that Bitcoin is there to stay and price drop is temporary. Stay patient and don't lose hope.

[katerinaliisa]

Yeah, you spelled it right. The main thing is not to panic and not to succumb to fear. It is necessary to think judiciously and quietly and then you will be able to make reasonable actions.

[dongyi17]

Don't sell immediately  your bitcoin if the price is down. Don't believe anyone that the bitcoin is going to die and the last don't read or watch any Bad news or FUD about bitcoin so you have peaceful mind.

[Omparkash72]

The main thing i want to tell is don't loose your patience because in panic no one can take right decision and this decision make you unhappy at last so keep patience.The other is keep on your planning that you made at the time of investment and never take decision with other person influence because you know yourself and your condition better then other,so stay with your planning and take your own decision.

[fisherycrypto]

When the price of Bitcoin drops, you should hold instead of panic, by holding, you will lose little or even no loss. You have to be smart and make good decisions when prices fall.

[yanesna3]

I think that the main thing is not to start panicking! It is the most important rule for traders in any situation. To my mind, everyone should understand the basic rules of market and not to hurry to sell coins at the low price

Everybody knows about it, but each time, when the price is falling, most of the traders and investors start to panic. I suppose, the main thing that you have to do when you feel a stress is to stop and wait not to make a fatal mistake.

[socksserver3]

In my opinion, you shouldn't panic when the price for btc drops because it is going to be more stable with time. I think that btc will be the leader of the crypto market for long

[adam56767]

The market is quite good for buying. At least, the loses, in this case, won't be that harmful.

[Pattart]

The market is quite good for buying. At least, the loses, in this case, won't be that harmful.

good motivation for people to buy, but it seems that people are still afraid to return to buy, see the price of bitcoin continues to bleed, holding too long will only harm you, and buying when wrong time will harm you, now conditions are indeed bad, I hope there will soon be news the good one comes. there is nothing we can do but wait for better market conditions..

[basyang]

Hi, everybody. 1.Not panic. 2. Don't sell your assets. 3. Just wait.

I am totally agree with you. Let me define  the words you stated above. The first thing we need to do is do not panic when we see the price that its keep falling because we will be disappointed just let it be because it is temporary. Do not sell yiur assets because you are afraid to lose the value of bitcoin you will think to sell it before its too late. Just wait until the price of bitcoin recover because it is volatile believe to it.

[SilverChromia]

I really agree of what other peoples say about this happening and at this moment when already bitcoin price is already down in the market we must not panic just because it really hit a big fact in the crypto industry but instead we can take it as a big chance to take a big opportunity to buy some any kind of crypto at the lower price and ofcourse when bitcoins price is dropping we must not hurry too much to sell our earnings or investments and we must not give a big negative so we wont regret anything in the future because we all know that bitcoin price is going up and down time and time and day by day and some people think that crypto industry is just taking some time to have some improvements or upgrades to their features so they can attract a lot of investor to invest some crypto in their projects.