Are you in panic whenever there is a big drop in price?

[max6575]

to wait as price might go up as the following time while measuring with different customs of analytics and gains of supports on confidence that might to leads on finest option as extending trade or work on different strategics to secure account with the trading plan.

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[criket]

For most of the assets I have today, of course, I will panic when there is a big drop.
because when a decrease occurs suddenly what occurs is a decrease in the value of assets simultaneously. to be honest it would be bad for a person who has a lot of assets.
As happened yesterday, the decline is in bitcoin and it affects the altcoin market as a whole. obviously, it panicked me. but I'm still trying to believe and repair the market back again. it looks like bitcoin's dominance in the market is affecting the current market power. the market is unlikely to collapse easily. we are already seeing some corrections taking place, and the market looks quite strong.

[Renampun]

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

corrections are commonplace and I don't panic anymore...
those who are newbies and impatient will definitely panic when they see price movements that go down and of course, they will lose. the price of the coin/token is not always green, there are times when it will be red and we have to prepare ourselves for that.

[Cadaver20]

When there is a big drop in a coin, it is not comfortable for any of us, although it is normal in cryptocurrency. In such a condition I get nervous. I check the market again and again to see when the price goes up a little. The price of some coin goes up again after dropping. So we must be patient.

[carlisle1]

When there is a big drop in a coin, it is not comfortable for any of us, although it is normal in cryptocurrency. In such a condition I get nervous. I check the market again and again to see when the price goes up a little. The price of some coin goes up again after dropping. So we must be patient.

After checking you should analyze what are the possibilities, there are times that those known and solid project bounce back again,
Not even it went down so dip, the chance that it might pump is always there. Crypto market with volatile nature anticipation mostly based from speculations.

You need to have huge patience and a lots of time doing your homework not to make mistake during this kind of situation.

[tbterryboy]

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

I understand people who could be scared of a drop, it is normal. Humans evolved to protect themselves, the number one thing in our nature is to not die and do everything we can to not die, that's in our DNA, and of course we grew bigger and better and we are doing much more nowadays, but the reality is that no matter what we do, it's all about safety and not dying.

Even the person with 200 billion dollars has that chip in his mind, sure it is enlarged and all but I am sure 99.99% of humanity would say yes to 200 billion dollars without sharing it with anyone. Same applies to people who do not want to lose, money is something that makes sure you survive, if you have no money you will not be able to survive easily, but if you have a lot you will be great. So many people end up very scared at a potential of losing money because if they do, it will be harder to survive.

[Bilgent]

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

As long as I invest in a well-known cryptocurrency, I never panic. Because I am more of a HODLer rather than a short-term investor. But if I invest in a new and very risky altcoin, most probably I'll panic when I see a big drop in the price. 

[dhemasm]

As long as I invest in a well-known cryptocurrency, I never panic. Because I am more of a HODLer rather than a short-term investor. But if I invest in a new and very risky altcoin, most probably I'll panic when I see a big drop in the price. 

Yeah but that strategy only effective on some Top Altcoins like Ethereum, TRX or even Bitcoin but for some new Coin Or Token we should need to be more careful when there is some huge price movement, It can be good but also can be a bad sign and basically most of them was a bad sign, Rug Pull, Scam Team, Hacked, etc. Well, always DYOR!

[cyriljundos]

sometimes im in panic if the price of what im holding is totatlly dumping and dumping. what i do is sell my coin and set to lower price as price go down you have to set a lower price in order for you to cover your loses buy low sell low thats the technique im using if that specific coin is in dump mode.

[kaya11]

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

Panicking is either a coward's move or a fool's choice, selling at the time of dip is not advisable unless you really need the money in emergency matters. However it's better for us to keep some of our money for that purpose, invest more if you have already computed your budget allocation for the month.

[bitzizzix]

Do you panic every time there is a big price drop?
Of course there will be panic, but because things like that are often experienced, it will be an experience that will calm the situation because it has become the character or nature of the very volatile crypto market.
And to calm him down, it is still HODL and what has been planned is only to turn it into the long term, because after going down it will definitely go up again even though you have to wait a long time and be patient.

[malikg18]

Some times I am in panic when price drops but this is harmful for sometime because price takes reverse and losses recover.For long term holding we should not be in panic but yes in short term or in future trading we should be very careful.

[Luffygroove]

I used to be a panic trader. My palm was wet, my breath became shorter and I was so tense back then when I saw the market was bleeding. I was so tortured back then, but along with the experience, I thought that I can't be like that cause it only blurs my judgment and analytic ability. You did things worse when you're not in your good mind. Whenever I see this situation again I just thought that everything is gonna be okay and it's just temporary. I do inhale and exhale slowly and deeply to encounter that situation for my sanity.

[0t3p0t]

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

Whenever there is a big drop in price I am not going to panic because I just have to wait for the bounce back. I buy and hodl that is why no need for me to panic. For day traders some will do the same but some others set a stop loss.

[rozak]

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

Whenever there is a big drop in price I am not going to panic because I just have to wait for the bounce back. I buy and hodl that is why no need for me to panic. For day traders some will do the same but some others set a stop loss.

then what if what happens is a long dump like the one that happened in 2018? even until the end of 2020 we are only seeing how the market is in real improvement. If that situation occurs, can you stay calm and not panic?
if I am sure to sell an asset that is already looking to be profitable. but not on the market's top assets. I will fully believe. but when a long correction occurs of course I will sell and exit the market first. I had to change my investment strategy today trading with a different asset.
a feeling of panic I am sure exists in investors with large capital when a long correction occurs.

[newwest]

When there is a big drop in a coin, it is not comfortable for any of us, although it is normal in cryptocurrency. In such a condition I get nervous. I check the market again and again to see when the price goes up a little. The price of some coin goes up again after dropping. So we must be patient.

Those are the best moments for any investors to buy the coins at lesser rates because not many times it would be possible that such big drops might happens in future now. The game for the coins has changed now and for me any drop is like getting the coins at discounted rate and opportunity to buy it.

[poodle63]

When there is a big drop in a coin, it is not comfortable for any of us, although it is normal in cryptocurrency. In such a condition I get nervous. I check the market again and again to see when the price goes up a little. The price of some coin goes up again after dropping. So we must be patient.

Must be careful with being too nervous or overthinking about the thing that's totally out of your reach, it could cost you mentally and physically. If a coin drop I'd just ignore it for a while and hoping it would get back up or if worst comes to worst I'd just let it be and never touch it maybe for another year.
Although checking market again and again could let you not miss any opportunity but it's advised to use price alarm instead. as I usually did as well for my short term trades.

[ECOS_CloudMining]

We don’t think that it’s necessary to check the BTC exchange rate every hour. It only adds anxiety and panic.Remember that investing in bitcoin is a long-term investment. A correction is a sign of a healthy market, after which a new growth record can be expected

[DevilSlayer]

Emotion can really affect our trading decision and that is why trading psychology should always consider whenever we are holding a coin. There is a recent drop in price and I actually one of the people who panic and it is the reason why I sold all of my coins. I regretted what I did but what happened give me a lesson that I can use in the future events. I know that I'm still a weak hand trader but I will do my best for me to overcome my current challenges. Panicking is not normal because exprienced trader will never panicked especially if they already know what they are doing. I think the best thing to do for those who still panicking is to do more backtesting to have more faith in your current trading system in order to develop courage that you can use to become successful in your trading journey.

[Mauser]

When there is a big drop in a coin, it is not comfortable for any of us, although it is normal in cryptocurrency. In such a condition I get nervous. I check the market again and again to see when the price goes up a little. The price of some coin goes up again after dropping. So we must be patient.

Drops in coin prices are likely to happen as they are in any other asset class that is being actively traded. In my opinion trading happens in cycles, boom and busts are just part of the game. We humans are herd animals who like to follow others. That is also why if some large investors start panic selling that others are going to follow. I just accept this and try not be scared to much when prices are falling. Its better to avoid selling at the wrong prices.