Why we shouldnt panic sell

[Bonsaiav]

Why we shouldnt panic sell?
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto. The meaning is we don't have to always buy 'crypto superior' as a new collection in our portfolio before we fully understand its risks and performance.
I think cryptocurrency will have a 'normal' price in the future, and even the price might grow above that, so now's the right time to put money in crypto format.
So, panic selling is the worst way caused by excessive fear of certain things, and usually panic selling's only driven by emotional factors. Maybe this is the stupidest strategy in history.

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[shesheboy]

Why we shouldnt panic sell?
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto.

Whats a seperate strategy ?  You mean more than one strategy ?  Current situatuon might be good to buy coins because they their price is still cheap but not for some early hodlers   . as a early hodler this was already a good time to sell but there is no reason to rush or panic because the market is now stable  .

panic selling is the worst way caused by excessive fear of certain things, and usually panic selling's only driven by emotional factors. Maybe this is the stupidest strategy in history.

No its not stupid to panic sell , infact panic selling is also beneficial when the market is in high volatile state   . you need to act fast by selling your coins so that you wont miss the good oppurtunity  .

[Slark]

I believe that learning to trade should start with working on yourself. We must learn to cope with their emotions and soberly assess the situation.

[Slow death]

If you have some tips in additional then give some.

One should always know when to leave. When the bitcoin price was at $ 17000, I bought it for $ 17000 and I remember hearing a lot of people saying it would drop to $ 5000. At the time I went research more and sold in the $ 16000. it was a good decision.

because I'm sure the market will go up...

the market may never recover. look at many altcoins, many of them do not return to have the same high price of the past

So, they buy high and sell low.

How will you know exactly that the price is high?

[Ayiranorea]

I believe that learning to trade should start with working on yourself. We must learn to cope with their emotions and soberly assess the situation.

Agreed on the statement, users suggest to read books, go through the advices and suggestions from the large scale traders who have earned good through trading. Until it gets starting working on one's own there isn't any possibility for learning as well understand the exact market situation. In the act of trading we may lose, but we learn.

[mapanlah]

Likewise in gambling, the summary of it is to trade only what you afford to lose.

My addition to it is to strengthen your emotion.

trade is the emotional game of actors and ambition, if we want to get profit then we can control our emotions and ambitions, because both will always destroy us in trade, calmness in trade can save us from heavy losses if prices fall we are not trapped in a panic .

[Botnake]

Likewise in gambling, the summary of it is to trade only what you afford to lose.

My addition to it is to strengthen your emotion.

trade is the emotional game of actors and ambition, if we want to get profit then we can control our emotions and ambitions, because both will always destroy us in trade, calmness in trade can save us from heavy losses if prices fall we are not trapped in a panic .

I should not call it an emotional game as that would never help you to be profitable.
We are trading for profit and we don't use our emotion to be profitable, therefore we should stick to the strategy that could make us profitable, it should be our mind and not our emotion. Not being able to control your emotion will likely result to bad decision.

[GregH37]

There is no point in panic selling, as the market always recovers after dropping sharply. Actually, most traders make this mistake when they start trading and suffer losses.

In the traditional market, what happens is that the vendors sell reduce the prices of their commodities to sell quick as the market activities comes to a halt. In the cryptocurrency market, some of the investors follow the same rule and sell low when the market activity comes to a halt.

This gives them negative profits and is not really desirable so hodl in such a situation is very important and one should know these ways of doing things.

I see those set of people as having indecision issue which is quite killing because they need to first know the reason why they are entering the market, if the purpose of entering the market is purposely for investment, I see no reason why they should panic sell since they already understand what investment involves before taking that part.

Most of the people that should be practicing what you have here should be traders or those that are using the market for payment purpose and not investment or trading, they could sell low when they need to have access to the payment, like me, I do work that requires that I am being paid with cryptocurrency, I have to withdraw it irrespective of the price I sell it because the money was payment of service and not for investment.

[emberbekas]

Well sometimes panic selling gets you out of the most dangerous situations even though you lose quite a bit than losing half of it and worst case you're stuck on trading because you need to recover the loses. Panic selling isn't a bad idea for beginners but panic selling won't gain you anything at all and if you develop this attitude to another level I think you're doomed in trading.

Sometimes panic sell could help us to avoid further lose but at the other time it could give us regret too. Truly, luck is also play a big role in crypto trading. If we choose coins from projects that we think have a good future, any conditions should not make us panic, but if we choose coins randomly, of course panic cannot be avoided. That is why we have to do an in-depth analysis before putting our money into crypto.

[darewaller]

Panic selling is cause by lack of control, being weak emotionally, that could cause a panic selling anytime and I do believe
that most successful traders and crypto investors are those who are let their mind works than their emotion.
Being smart is being able to control your emotion properly.

Most of the points you have mentioned can also be classed as human error because they chose to give in to all those emotional weakness by not working on them first before entering into trading, trading itself is not a difficult thing because if it was, virtually every one on it will fail but the approach to it by the trader is the issue which usually as a result of human error like the ones the OP mentioned and the ones you mentioned.

Sometimes panic sell could help us to avoid further lose but at the other time it could give us regret too. Truly, luck is also play a big role in crypto trading.

Is this specifically applicable only for crypto trading or for all other markets too ? Because, this is the first time I do hear that panic selling is good. After the long bear market, I do see many people are regretting not selling around November 2017 itself. But, at that time people may not be in panic but definitely in greed.

[conected]

Well sometimes panic selling gets you out of the most dangerous situations even though you lose quite a bit than losing half of it and worst case you're stuck on trading because you need to recover the loses. Panic selling isn't a bad idea for beginners but panic selling won't gain you anything at all and if you develop this attitude to another level I think you're doomed in trading.

Sometimes panic sell could help us to avoid further lose but at the other time it could give us regret too. Truly, luck is also play a big role in crypto trading. If we choose coins from projects that we think have a good future, any conditions should not make us panic, but if we choose coins randomly, of course panic cannot be avoided. That is why we have to do an in-depth analysis before putting our money into crypto.

- Of course, any story would also have the positive and negative, although when we hear about panic selling, we will think it's a wrong action but sometimes that mistake will become lucky and as you say, we can get rid of worse things. However, the life and work of a trader cannot be based on luck and acting on emotions, that just makes us helpless and does not have any treatment when bad situations occur and happen to us, therefore, selling panic is not an action for traders, traders need to make decisions with their expertise and analysis, that will help them to have a foundation and long-term development with this job

[Asmonist]

Panic selling is a very big risk. At some point it maybe a wise choice but mostly its a big risk. Its like your feelings overrided your primary goal which is to get the highest price or convert to the perfect amount. Panic selling is more like of a bargain to everything you've sacrificed or waited for a long time. Its good to sell. But shouldn't be in a panic mode. Think before you sell.

[sujonali1819]

Sometimes panic selling can save us too.

Yes you are right also that panic sell sometimes save us from losses or give huge profit.
Suppose a trader brought a coin at  1$ then the price suddenly pump to 3$ then he should sell the coin as soon as possible. So more panic= more profit.
Again if the price dumping from 1$ to 50 cent. And from 50 cent suddenly start pump to 90 cent. And dump again to 50 cent. So at thus situation he should sell the coin at 90 cent panic with 10% loss. Then he can buy the Coin at low price again.

So I want to say panic is not good but sometimes it can be good depending on your luck.   

[Distinctin]

Panic selling is a very big risk. At some point it maybe a wise choice but mostly its a big risk. Its like your feelings overrided your primary goal which is to get the highest price or convert to the perfect amount. Panic selling is more like of a bargain to everything you've sacrificed or waited for a long time. Its good to sell. But shouldn't be in a panic mode. Think before you sell.

Does holding our coins for many years makes sense for now? Cause I don't think so. Even we keep on holding never have guarantee that we will be profiting for this strategy. We know how volatile our market and we even not get sure if it work well in the future. Since it have its value why we shouldn't do it?  In fact, it is open to buy again if it have a good market trend.

[Tungsten-1]

For those panic selling are those people in weak hands and can't take for long term as i see its danger to hold also if the market is in bad situation and it will cause a problem for your coin to drop the price.

Everyone knows panic selling is not good decision, it is good to hold and to wait, if you will wait it will give you good result as big profit, investing is only good for those who has patience and can wait till the price recovers faster and makes money for you, so be a good investors and never sell your coin at panic, good time will not take long to come, be patient.

[BigBrother]

At first, every bad deal was very painful for me. I was very worried about the lost funds. But then I decided that this cannot continue.  I've learned to part with money more easily. And I noticed that my trade has become much more successful. So on my example, I can say that the panic never leads to anything good.

[nydiacaskey01]

- BUY LOW SELL HIGH and get committed to it.

This one sounds so easy and yet when you are on it, you would't know that you already violated the number 1 rule in trading which is BUY LOW, SELL HIGH. A trader needs to overcome his emotions to be able to follow this basic rule in trading. Most of the time, panic causes a trader to sell early even at below the price when he bought the coin. So bottom line is learn how to control your emotions.

[Finestream]

- BUY LOW SELL HIGH and get committed to it.

This one sounds so easy and yet when you are on it, you would't know that you already violated the number 1 rule in trading which is BUY LOW, SELL HIGH. A trader needs to overcome his emotions to be able to follow this basic rule in trading. Most of the time, panic causes a trader to sell early even at below the price when he bought the coin. So bottom line is learn how to control your emotions.

Exactly.Never trade with your emotions because it will only make you lose most of the time.Just learn to be more patient to wait for its perfect time to sell so that you will really gain your desired profits.Keep on holding your coins and only sell it when you see the market price is in bullish already.Because it is only in panic selling that you will start to experience losses.

[rodskee]

I understand people selling theur bitcoin quickly
They grab the opportunity of small percentage of price increase
Its means some people didn't understand well what is bitcoin capabilities they use their emotion

[rollingstorm45]

Sometimes panic selling can save us too.

I am not a regular trader but I feels panic selling at the beginning of bear run can save lot of capital than waiting for too long for doing trades.

My addition is don't regret about panic selling if the prices didn't fall after you sold your crypto just move on and reinvest on the right coin.

panic is usually because traders are not ready to lose, this can be dangerous if they don't take the right action quickly so we can lose our money. then careful preparation before entering into trade is needed. do anticipation if things have become worse.