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Author Topic: Are you in panic whenever there is a big drop in price?  (Read 4498 times)
tipplelucky
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January 12, 2021, 11:49:43 AM
 #41

Now I do not panic when cryptocurrencies fall in short-term moments, for such moments I store about 10% of USD so that I can buy coins at a discount

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January 12, 2021, 11:54:42 AM
 #42

To dump I am now more able to hold back. because after studying technical it becomes a natural thing. but before I panicked quickly when there was a dump and that was what made me lose a lot of money and also couldn't get maximum profit. now I am more careful to be able to keep my emotions when trading

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WalkerIVIV
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January 12, 2021, 12:31:43 PM
 #43

Now I do not panic when cryptocurrencies fall in short-term moments, for such moments I store about 10% of USD so that I can buy coins at a discount
People should think about the prevention act for the bearish trend. You are taking a very good decision by converting some of your funds into the USDT to be used as your reserved funds.
im also doing the same but i have been  putting more into USDT as reserved funds to buy back crypto again when it will be dumped again to the bottom.
im still believe the market will be bearish again.

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January 12, 2021, 12:53:16 PM
 #44

If you prepare everything, i believe you will realize it. I have prepared myself for the worst case scenario, i always save myself some cash so that when the market drops, i can still buy. But basically everyone doesn't, and people often lose money and they don't have the money to prepare for big discounts.

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January 12, 2021, 01:40:14 PM
 #45

What is scared of if you do not prepare for everything, i always assume that when the market goes up too fast, you should prepare yourself for ways to escape if the market goes bad. I have seen the market go up strongly over the last few months, but people only see profits without thinking about the risks and that's why you are scared.
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January 12, 2021, 01:59:43 PM
 #46

There is no way you won't panic if the market drops the way it drops yesterday unless you are one of those that are waiting for price correction before you buy.  It is good that we see the correction now before the US airdrop money which will likely push the price higher and make the correction brutal than people expect.


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January 12, 2021, 02:21:19 PM
 #47

Shocked? yes, I was shocked. but don't panic. I just feel like this drop is too drastic. and after looking at chart analysis, I'm sure this is just another pullback. so no big deal. Altcoin season hasn't even started yet and people are already talking about their panic, let's stick with bitcoin as usual
I feel bad when I see crypto price dropping like this. But I don't get panic while it happens. Though I get shock like you. Occasionally I sell a small part of my crypto what I makes from gambling or earn from other sources. But I never sell anything while price drop quickly. Cause I know crypto market will recover in the long term. I believe in holding and prefer to have btc and few top alts. Whoever gets panic sell their crypto in lower price during this type of dump.

R


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January 12, 2021, 02:30:18 PM
 #48

yes the situation might leads to fractal customs as trader to act as fine to secure token on possession or else to find different answer like to manage new terms of plan with the longer extent as waiting to gains back with the initial price as authorizing the token at first time.

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January 12, 2021, 02:36:21 PM
 #49

Instability in cryptocurrency is normal, there is nothing to panic about. Those who are new to the crypto world panic and sell cryptocurrencies in the dump market without realizing it, which makes the market more dumped. Those of us who are older in the cryptocurrency, who know the character of cryptocurrency, do not panic at all but invest more in the dump market. The current dump market is what I expected to be a market correction, so I invested as much as I could without being upset at all.

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January 12, 2021, 02:40:18 PM
 #50

I don't afraid of taking risk. Bitcoin price is dropping now abdays,. It is normal . Even if it drop so low I will reinvest.this up Down situation is always be in crypto matter . But there is a hope it could reached  again in high pick again.

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January 12, 2021, 02:45:40 PM
 #51


Not shock, it's too much of an overreacting to say I'm shocked but I'm worried about the value of the assets I hold since I didn't plan to sell them while I'm not profiting enough. The one thing that I regret somehow is not trying to take advantage at every dip. A good trader can really try to sell while its price hits its ATH and then buy at low when it dips like this $32k.

Crypto is volatile assets and if you have been in crypto market for a while, you get used to it already.

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January 12, 2021, 02:57:50 PM
 #52

no im not  longer panic for now, when I was just playing with the crypto market, yes I panicked with a bloody condition, especially every bloody day, already the law of the crypto market is sometimes green sometimes red so why panic stay calm and last until the token we have reaches ATH is back

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January 12, 2021, 03:36:39 PM
 #53

It is natural for people to panic when there is a big drop but if you are already familiar with the way market operates, it is easy to relax and watch the market closely, those who panic and end up selling are the new comers who have no idea how the market works, besides, with coins like btc and eth, you don't need to panic too much because they always find their way back up, but rest of alts with less support can be risky, it is best to act swiftly with them.

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January 12, 2021, 03:37:50 PM
 #54

During the last bull run of 2017, there was 6 big drops of 35% on average. They were all followed by a bull run of 150% on average.
That would lead us to a target of 27k for this correction.


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January 12, 2021, 04:57:38 PM
 #55

I'm sure everybody has checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you

I'm a holder and I don't panic when the market turns red because I bought my holdings early last year so I still gained a good profit. Changes in normal in the crypto world since cryptocurrencies are volatile so we have to be ready because the prices might drop-down or rise anytime and we can't predict it. If you're a kind of holder or trader that panics every time the market turns red, then it isn't healthy for you. Just trust the market flow and take advantage of it.
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January 12, 2021, 06:57:00 PM
 #56

~
Even if it goes way more below that -18.8%, I would still hold.
Never panicked after I learned that the market is indeed unstable. Not even a flinch. At these times, we'll know who really made a bit of a bad decision of throwing all their money into this, because pretty much they're the one who can't afford to lose of what they had thrown in here, even if they put it in a stablecoin for now.
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January 12, 2021, 07:11:28 PM
 #57

I personally don't panic seeing the current market situation, even though in the last 24 hours the BTC market has experienced a correction of more than -20% but I still have high confidence in Bitcoin. i am sure Btc can solve this problem and also recovery is still ongoing. Meanwhile, the current drop in crypto prices I can take as an opportunity to buy even more.
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January 12, 2021, 07:13:13 PM
 #58

I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you
Yes many of us already panicked. Like me or others who know the real scenario of market, they are not panicked at all and most of them enjoying that down by investing again and already waiting for another up. It is just a matter of a market and it will recover it very soon.

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January 12, 2021, 07:18:52 PM
 #59

I'm sure everybody have checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you
No need to panic, it is good for the market as no financial asset can move up in a straight line so it is very normal the important thing is that the overall momentum remains bullish and market should continue making higher highs and higher lows.

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January 12, 2021, 07:25:41 PM
 #60

I'm sure everybody has checked and saw the big drop -18.8% in 24 hours to be exact and keeps going down, we don't know if it will go further and so are the other top coins in the market, are you in panic, nervous that the market is bleeding like this, or do you accept this as part of the market movement, what kind of trader are you

I'm a holder and I don't panic when the market turns red because I bought my holdings early last year so I still gained a good profit. Changes in normal in the crypto world since cryptocurrencies are volatile so we have to be ready because the prices might drop-down or rise anytime and we can't predict it. If you're a kind of holder or trader that panics every time the market turns red, then it isn't healthy for you. Just trust the market flow and take advantage of it.

It's unhealthy as you'll keep losing your money if you are panicking each time the market falls, you need to change your pace
as the nature of this industry is very volatile.

If you can project your target and keep it that way whatever the situations along the way, it will give you more breathing as
you'll be able to keep yourself cool as you are targeting something before taking your call, most successful traders always follows their own knowledge and instinct, they won't do anything without certain plans ahead.

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