Panic and Regret in Crypto (Brother and Sister)

[Bonwin]

Panic and Regret are two words that you cannot set apart when it comes to cryptocurrency. This is why you see people sometimes say that "those who panic sell will later regret".
This happens most times to newbies and some of those who have been in the space for quite some time but have not been able to fully understand how crypto works.

I have come across so many posts, which I could not actually pinpoint now, stating that Bitcoin and some other top altcoins are bubbles, which will fade off soon. I believe that with incessant happenings of downtrends and uptrends, called corrections in the crypto space, it shows clearly that it's not a bubble that could burst soon.
I think the assumption of a crypto being bubble has been the major cause of panic to some.

For there to be sustainable growth, there must be a correction.
However, that the market corrects now, does not mean it will not rise again. If you are sure you invested in top coins or a token with good potential, there is no cause for alarm, because no matter how much it plunges, it will rise again.
Avoid joining the wagon of those who panic sell or buy and later regret our actions. Sit back, be patient and do proper analysis before taking any step.

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[VDraci]

Crypto will surely rise again but the issue is many are in needs and once they miss the train of the present gains either in trading or investing they sometimes sell for loss, just because they needed money at that time, any one who wants to enjoy investing in crypto should zero their needs from crypto because rise in value comes when you least expected

[Yogee]

I wonder if you are really practicing what you are preaching Bonwin. I would not say for sure that there is no cause for alarm. Can any investor be 100% certain that he invested with a top coins and tokens with good potential? I doubt that. There were also investors who didn't panic and sell low but still regretted because the coin they were holding went even lower and never recovered.

I didn't think that Bitcoin was a bubble but I cannot say the same with even the top altcoins. There are a lot of popular coins and tokens that are still down more than 90% from their all-time highs despite bitcoin rallying pass $10,000.

I'm not trying to spread negativity but other than panic, another factor that will put your investment in danger is false hope.

[Bonwin]

I wonder if you are really practicing what you are preaching Bonwin. I would not say for sure that there is no cause for alarm. Can any investor be 100% certain that he invested with a top coins and tokens with good potential? I doubt that. There were also investors who didn't panic and sell low but still regretted because the coin they were holding went even lower and never recovered.

I didn't think that Bitcoin was a bubble but I cannot say the same with even the top altcoins. There are a lot of popular coins and tokens that are still down more than 90% from their all-time highs despite bitcoin rallying pass $10,000.

I'm not trying to spread negativity but other than panic, another factor that will put your investment in danger is false hope.

Thanks, Yogee. I am not preaching false hope. I came up with this assertion mainly because I had once found myself in that position before I eventually overcame it. yes, panic is natural to everyone, but with a good knowledge of what you do, you can still remind yourself of some facts.

I lost some investments in the past, due to panic, because I could not effectively manage my portfolio. Just recently, I held a token, which dumped to a point that one would have lost hope. Instead of selling at loss, I held unto it, because I believed that it would have another moment of a pump.
I can confidently tell you that it had several moments of pumps and dumps and i was taking my profit from every one of those moments. Why? Because I understood.
Presently, there are no much activities on it, which means no profit is forthcoming, but I am still holding unto the one I bought back until another moment comes.

My friend, Yogee, I know that you know that is how it works, let alone when you talk of Bitcoin or other well-established altcoins.

NOTE:
I love your opinion and i am pleased when people get into serious talks like this, giving needed response to every post because it makes me and some others to learn more.

[Yogee]

It's good to know that your post is coming from personal experience. I was simply trying to give a different perspective. Since the market is unpredictable, other investors and traders will have a different experience too. From their own experience, they will have to choose which strategy suits them best.

Congratulations by the way for learning from your past experiences and reaping the rewards now.

[Alobo Realer]

For everyone Planning to invest on Bitcoin or any other Altcoin, you need to be extremely ready to bear Lost and to Accept it. There is no business without Lost, Given Panic and Fear a space in your mind would Badly cause a lost.
Now everyone know the rise and fall standard of Crypto, and it's benefits when you can stand firmly on endurance.

I love this Topic and I pray it get to the knowledge of every investor or any one planning to invest. And Altcoin can stay low for a every long time, but will definitely be getting it's rising moment on it's perfect time, just as Bitcoin had getting it's stand

[Winscosinally]

I've already lost my chance, I never saw this loss of value coming at all so Ive now send back my Bitcoin into my wallet, I don't have the courage to keep trading untill market start recovering again, God knows how deep down Bitcoin is going this time around

[hirngespenst]

Yes, these two words are familiar with every crypto supporter and I think these two happened several times to everyone. I haven't found anyone that has no regret or panic. Even today, one very experienced guy was panic and he sold his bitcoin at 7700 USD! because it was a totally unexpected dump but he needed money urgently, so, he was panic and later he sold out by anger! S, there is no shame in panic or regret. My strategy is simple here, You sold when you needed money, now don't regret rather work hard to fulfil the loss!

[seleme]

The crypto world is not different than the regular financial markets and the consequences of emotional trading can affect strictly trading performance. The fear index is a good indicator of buying low with the idea of buy when everyone else sells. Greed index is also used for liquidating the position when the HYPE goes above the realistic values.

[Linkkoin]

The crypto world is not different than the regular financial markets and the consequences of emotional trading can affect strictly trading performance. The fear index is a good indicator of buying low with the idea of buy when everyone else sells. Greed index is also used for liquidating the position when the HYPE goes above the realistic values.

It is worth to use this index and take a look at the same time on the trading volume changes - if it goes up much above what we could see in the previous couple of days, be ready to see a shift of the trend.

[Kunnu]

Some well known crypto experts and analysts are spreading false rumors continuously which is absolutely ridiculous way and there is no doubt that this kind of stupid attempts of those people play a major role to create panic I wish there is way to control such people so the investors and traders have a better environment to do good business in cryptocurrency industry.

[Linkkoin]

Some well known crypto experts and analysts are spreading false rumors continuously which is absolutely ridiculous way and there is no doubt that this kind of stupid attempts of those people play a major role to create panic I wish there is way to control such people so the investors and traders have a better environment to do good business in cryptocurrency industry.

If you know some of them well and check how the market behaved after their statements, it may be beneficial to check upon them. But under one condition - do opposite to what they expect.

[fudster]

Base on what I know though is that if they sell now then they must have understand how crypto works, unless they don't buy what they have sold then they must have misunderstood how it works. It doesn't really matter if they sell today, the tokens they sold are going to be bought by the ones who wanted to invest more to it. If they are going to hold BTC after the sell, they are not going to regret it.

[awakpane]

In my opinion, panic and regret are common things in the crypto world. usually people who experience this are the first time plunging into the world of crypto and directly fail. so, to get success and profit in the crypto world we must be optimistic and not be panicked, especially since the crypto currency is volatile.

[JeotQ]

It's always ups and downs in crypto space since coins value aren't always at a fixed price, if you have enough patience another time will come, don't let greed consume you, always take profits even if they aren't big enough as we hoped for

[jacafbiz]

Unless you are a trader, Bitcoin/Crypto investing is a long term game, those that think they can invest today and see the price double in a month are in  for a long run, go and ask people that made money in the space, it is because they play the long game. The next Bitcoin bull run will be the daddy of all Bull run

[alani123]

It is quite normal for crypto market prices to fall. There's big correlation between all cryptos so there is no safe refuge in the space really. For now however, I think that it's more worth it to wait and see. So long as there are people using bitcoin it's always going to have a price. Maybe there's no real support for high prices but nevertheless a total collapse is not going to happen even. BTC is the last crypto anyone should call a bubble.

[btcdie]

That's why humans are weak in some ways such as being too scared, selfish, and uncontrolled emotions that make them unable to achieve what they want. except there are indeed some people who are depressed by the economic situation in their lives, sometimes someone like this is more easily consumed by FUD or FOMO news. only advice when viewed from the title of the topic, people who do not dare to take decisions that are very risky as in crypto world, you should look in other fields. Yaps, we are in a free and very free market, nobody controls. crypto world between two things namely, become rich & fall poor (if you are not good at managing the allocation of what you invest).