Don't panic

[evichi]

Research before investment is the key. It is really important to read and understand the utility of the coin or token both short term and long term. But, when it comes to meme coins/tokens, that is the area I can't really say about utility. However, even at that you can still act on news and personalities behind some meme tokens and coins. The world of crypto is all about people. A token is worthwhile because of people - that is what is happening on meme coins/tokens. It is pertinent to do some research before parting with your hard earned money - this will help you minimize panic.

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[Questat]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

I agree and that's what I experienced when crypto prices fell and I panicked at that time, but from there I learned not to panic of course because I have a long target for coins that I hold for the long term

Just believe in crypto and believe in the coin you are holding, make sure you did your research and follow the development of the project if you are into long-term holding. Honesty, it's not easy to hold if you are not fully educated as you can easily be affected by the FUD and might change your stance regarding your investment strategy.

[Woodie]

You will agree with me that If you were a first time forex trader and entered a trade for the first time, you will agree that if you bought an asset and candles shouldn't that price is still going down (bearish) its highly likely that you would close your buy and open a sell order which is evidence to show that emotion and heard mentality could be at play. So to overcome this let's spend more time on these charts to farmilize ourselves with how price behaves and build confidence too.

[JohnBitCo]

You will agree with me that If you were a first time forex trader and entered a trade for the first time, you will agree that if you bought an asset and candles shouldn't that price is still going down (bearish) its highly likely that you would close your buy and open a sell order which is evidence to show that emotion and heard mentality could be at play. So to overcome this let's spend more time on these charts to farmilize ourselves with how price behaves and build confidence too.

The newbie and the inexperienced traders always make this mistake of panic buying and panic selling. Soon after they sold in panic, the market starts going up. They have no idea how the price action works and hence they are always at a loss.

A big misunderstanding is that people think that trading is the most easiest job which can be done without any prior knowledge. While the reality is that trading is one the toughest job and even if you are master in it, you can still lose your trades.

[Rikotin]

I think most of them are newbies who have just entered the market. They are just for speculation. They heard some news about encryption and wanted to get rich overnight. This greedy idea made them not consider stop-profit and stop-loss. After they encountered some news or incidents, the market did not go well. They watched their funds slowly decrease, and naturally they couldn't control them. but In fact, this is normal in the crypto market.

[Menawi12]

Agree, a trading plan is important so that we don't panic when our trading position is against the market. Cut loss can be an option to save our portfolio from deeper losses. But if we plan to invest in the long term, then we should not look at price movements in a fairly volatile market

withou trading plan , maybe we are walking with no goal and didn't know about what have to do. what ever we do in risk management  it will very usefull to face uncertain or crashing market. some traders didn know are they in short term or long term investors , so they have clue about risk management that have to do.

[nhaila]

For those who do not know much about cryptocurrency, it is better to stay away from investing in cryptocurrency.For now, before entering cryptocurrency, he must invest in a very good analysis of the market and cryptocurrency, otherwise the loss will be more than the profit.

[lepbagong]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Patience in doing work is very necessary and it's true that you must be able to regulate emotions so you don't panic quickly, because with panic you can certainly do something that can't be controlled and doesn't analyze properly anymore. indeed beginners in crypto are usually guaranteed to experience, but not a few experienced ones also sometimes can't help themselves.

losing money in crypto is not just because of panic, but losing their money because they don't understand how to trade properly. not understanding the market movement also causes you to lose your money. I think like that

but panic plays a very high role and it is true that experience in trading is also needed with good analysis, because if everything has become one unit then you can't think properly and lose money is certain. all are interconnected and cannot stand alone in stressful trading.

[lepbagong]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Patience in doing work is very necessary and it's true that you must be able to regulate emotions so you don't panic quickly, because with panic you can certainly do something that can't be controlled and doesn't analyze properly anymore. indeed beginners in crypto are usually guaranteed to experience, but not a few experienced ones also sometimes can't help themselves.

losing money in crypto is not just because of panic, but losing their money because they don't understand how to trade properly. not understanding the market movement also causes you to lose your money. I think like that

but panic plays a very high role and it is true that experience in trading is also needed with good analysis, because if everything has become one unit then you can't think properly and lose money is certain. all are interconnected and cannot stand alone in stressful trading.

[suryana]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

Patience in doing work is very necessary and it's true that you must be able to regulate emotions so you don't panic quickly, because with panic you can certainly do something that can't be controlled and doesn't analyze properly anymore. indeed beginners in crypto are usually guaranteed to experience, but not a few experienced ones also sometimes can't help themselves.

losing money in crypto is not just because of panic, but losing their money because they don't understand how to trade properly. not understanding the market movement also causes you to lose your money. I think like that

but panic plays a very high role and it is true that experience in trading is also needed with good analysis, because if everything has become one unit then you can't think properly and lose money is certain. all are interconnected and cannot stand alone in stressful trading.

All are intertwined and must be balanced . But I'm sure everyone here has gone through dark times. The time when we have lost because of our stupidity and even our panic. So no trader is perfect . Therefore we learn from each other and remind .. this is the function of always being active in the forum.

[freedomgo]

Cryptocurrency, you will never panic. You can never survive if you panic about cryptocurrency. If you buy a coin today, you will see later that the price of that coin has gone down a lot You will never lose patience.If you lose patience with this cryptocurrency, you will never be able to survive working in the cryptocurrency. So I would say that no matter how low or high the market is, you should never panic.

Don't panic if you want to stay in business, but most importantly, but a coin that you are confident about the team and its potential so you'll be able to hold strong even if the market is bearish. That's the simple recipe for success as some major coins now have also gone through a bearish period particularly in 2018 where most of them dump badly.

For example, in 2018, BNB is just priced at 8usd, but its ATH is already $600... so you'll make a lot of money if you held.

[Furious 7]

Cryptocurrency, you will never panic. You can never survive if you panic about cryptocurrency. If you buy a coin today, you will see later that the price of that coin has gone down a lot You will never lose patience.If you lose patience with this cryptocurrency, you will never be able to survive working in the cryptocurrency. So I would say that no matter how low or high the market is, you should never panic.

Don't panic if you want to stay in business, but most importantly, but a coin that you are confident about the team and its potential so you'll be able to hold strong even if the market is bearish. That's the simple recipe for success as some major coins now have also gone through a bearish period particularly in 2018 where most of them dump badly.

For example, in 2018, BNB is just priced at 8usd, but its ATH is already $600... so you'll make a lot of money if you held.

The business does have to be carefully planned so don't just choose coins carelessly, of course, you have to use potential ones, let's say BNB is currently being pumped and before it was under $300, so if we are patient, of course we will see good results even with a big advantage because I think the current price of BNB is still quite low so don't panic buy now and have bad thoughts later, keep thinking positive and believe that behind BNB there are still many good developments so I believe that one day BNB can become $1000.

[tabas]

Cryptocurrency, you will never panic.

You will, if you're a newbie and invests without guidance or preparation.

You can never survive if you panic about cryptocurrency.

Well, that's true but you'll learn from that experience when you've panic and realized that it's never good to panic.

[meves99]

Why do people lose money in crypto? the number one reason is panic, they tend to be controlled by emotion, for newbies never ever just bought something you really know nothing about, that's one of the rule, research is needed, your money is important so don't waste it with wrong decisions, if you decided to what coin to buy, don't sell with small movement crypto is volatile, make some target for losses and earning.

What they really feel is that they think this coin will not go up again so they sell it to reduce the risk of loss, as well as meme coins maybe the movement is small for us to buy with a large amount of money that we get.

[m. yasir]

Panic becomes a big problem for everyone when we decide to hold or sell when the coin is up or down. not only for beginners, sometimes even old players feel the same panic. In the cryto world anything can happen, you can get big profits or big losses. the key is the experience and analysis you have along with the luck you have.

[gabbie2010]

Panic becomes a big problem for everyone when we decide to hold or sell when the coin is up or down. not only for beginners, sometimes even old players feel the same panic. In the cryto world anything can happen, you can get big profits or big losses. the key is the experience and analysis you have along with the luck you have.

In fact in most newbie in cryptos, panic and how to control emotions is the major obstacle limitating the progress and process of being successful in crypto investment and trading.
Once a cryptos hodlers or investor is able to deal with that problem the chances of earning massive profits while hodling a coin for long is bright, although to accomplish or achieve that aim newbie investors needs thorough research and invest on potential coin with a future prospect without panic and persevere with patience even when there is massive dump in the price just like the recently massive drop in prices of cryptocurrencies.

[freedomgo]

For ordinary people or beginners, they must panic when the price of cryptocurrency drops. But if you are used to being a trader or investor in crypto assets, things like this are normal. Crypto asset price changes are indeed very fast, sometimes up high and down sharply. This is because pure crypto asset trading is left to the market based on supply and demand. Therefore, always do in-depth research and do financial management before investing in crypto digital assets.

Experienced dictates that in a normal trading places things like this are still normal, it's not always you'll going to see your investment to keep growing, correction will take place to form another barriers.

Newcomers need to understand and realize that if they don't want to lose their investment, they need to focus and keep learning
deeper about the market that they are taking part in.

Not only newbies, everyone should think that way as even if we have enough experience already but we don't learn and improve our skills in trading, we will still experience the same faith of the newbies and we will also lose money. For me, trading is not won by luck, it's won by consistency, and it should not be treated as gambling although we gamble to win.

[GaxviiBuss]

One just need to get this thing that cryptocurrency is an investment with patients, that any point in time for you to get what you need, you need to exercise patience, many lose their huge fund because is not bring what they except or going below their expectations, one just need to know cryptocurrency is a win-win investment with patients

[dunfida]

One just need to get this thing that cryptocurrency is an investment with patients, that any point in time for you to get what you need, you need to exercise patience, many lose their huge fund because is not bring what they except or going below their expectations, one just need to know cryptocurrency is a win-win investment with patients

Patience is something that would mainly be tested out but if you dont have much experience on this market then it is really hard to control off.You do need to deal countless trades before you could
able to handle yourself  well  into  this market.

Dont panic?This is something that you cant avoid but with proper knowledge and experience,you would able to handle or control yourself specially on emotion aspect.

Since you do have the experience towards the market then you are much aware on what would  be your possible next move.

[Tervelatuk]

One just need to get this thing that cryptocurrency is an investment with patients, that any point in time for you to get what you need, you need to exercise patience, many lose their huge fund because is not bring what they except or going below their expectations, one just need to know cryptocurrency is a win-win investment with patients

cryptocurrency was suitable for long term investment as long as we hold good project , no need to worry about price because market always have high volatility.