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Author Topic: Why everybody is panicking ? Its a game of greed and fear !  (Read 778 times)
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November 30, 2022, 12:07:05 PM
 #21


Not panicking and being greedy in trading can only be done by a trader if he has gone through a lot of trading activities because he should be mature in thought and when he is about to make a decision, but this is really not easy to be calm when the price of BTC has decreased alot, mostly traders not only trade on the BTC-USD pair but also altcoins and seeing a decline in altcoins can trigger traders to panic but traders who only trade on BTC will understand the cycle well

But it's not entirely true, trading on BTC will also have the risk of unexpected declines, especially if trading Futures, it will be riskier. Trading for altcoins also depends on how bitcoin prices are going and only a few altcoins have fallen drastically due to internal issues such as LUNA.
Many factors can trigger panic, but panic can also be overcome by trading habits and knowing what to do when things are not good. and the problem of all traders even if they are professionals is uncontrollable greed.
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November 30, 2022, 04:36:42 PM
 #22

The whole market is crash at this time and panic among investors is normal but those who have long term holding in mind will not be affected much but the thing is best only if you are holding bitcoin with you not other worthless tokens that won't be able to recover after this whole scene.Otherwise you will also come under those who panic sell their coins in the market.
Those panicked investors need to learn more about investing in crypto to overcome the panic that occurs when they see the price slide downwards. There are still investors who will not be affected by market fluctuations, hold on to their bitcoins tightly, and do not sell in a panic. If most investors can overcome the panic, the price will not fall so deeply because investors know that the decline was there to correct the price and will bounce back again. The price wouldn't drop too deep if they could calm down and not panic. This is why investors must be able to control their emotions so as not to cause more losses when the market is bearish.

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November 30, 2022, 06:14:13 PM
 #23

This is one Major characteristics with humans they always listen to news and Information that is always destroying their heart and mindset. One thing you should know about is that they can't really bear the lost or pain watching seeing their assets going down to the bottomless part while they kept quiet at this time their mind is being compromised because they can't hold them selves with such lost.
By listening to news and following twitter Media pages would keep worsting the case whereby causing fund and panic to sell at cheap Price whereby making the whales has more power over the market, such people are called the market feeders due to lack of patient.

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November 30, 2022, 06:14:34 PM
 #24

Basically they are weak hands whi entered the market and wrong time, get frustration and exit with loss so someone is buying their assets for lower price which will eventually give returns to them in few years basically at the next cycle so lets say 4 years. So anybody who is targeting their portfolio value to grow in the next 4 years and invest the funds which isn't their entire savings and also have other stream of income source can get the most benefits.

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November 30, 2022, 07:36:23 PM
 #25

Guys , do not panic , its a cycle , everytime btc loses 60 to 70 % , it will recover with HUGE profit , check : graphics 10 years . always the same .

From years now we are trading btc , its always the same patern .

Btc lose 50 to 70% then price bounce x2 x3 x5 .

Its all a game of greed and fear


That's right... this bear market will be over soon.
All of this is just noise in the grand scheme of things.
And traders should be happy when the market dips.

I sold after the peak and went in dollars. It was the best decision.
One day I was only selling, and now I'm buying, taking self-custody, and waiting for the uptrend.
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November 30, 2022, 08:34:57 PM
 #26

Guys , do not panic , its a cycle , everytime btc loses 60 to 70 % , it will recover with HUGE profit , check : graphics 10 years . always the same .

From years now we are trading btc , its always the same patern .

Btc lose 50 to 70% then price bounce x2 x3 x5 .

Its all a game of greed and fear


That's right... this bear market will be over soon.
All of this is just noise in the grand scheme of things.
And traders should be happy when the market dips.

I sold after the peak and went in dollars. It was the best decision.
One day I was only selling, and now I'm buying, taking self-custody, and waiting for the uptrend.

This is how buy and selling works which it turns out to be the most very basic step and things to be done but eventually the most hardest thing to consider when it comes to decision making.
There's no way that someone could make out immediate decisions basing on what you are seeing in the market which its price is really that truly unpredictable.Yes, its true that we are really
on a situation on which the market is really that giving no movements or being in sideways which it would really boggle up your mind whether it would be going up or down.
Dont make yourself believe that there would be patterns or it would keep on repeating its history because everything will really be basing up on community demands and recognition.

R


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November 30, 2022, 08:57:59 PM
 #27

Basically they are weak hands whi entered the market and wrong time, get frustration and exit with loss so someone is buying their assets for lower price which will eventually give returns to them in few years basically at the next cycle so lets say 4 years. So anybody who is targeting their portfolio value to grow in the next 4 years and invest the funds which isn't their entire savings and also have other stream of income source can get the most benefits.
They are panicking because they didn’t know yet how this market works or they are afraid that the project will turn into another scam project, we cannot blame this and I’m sure this is normal on every newbies. Panicking should be lessen along the way, and we should already know what to do every time the market goes down. Many are already making huge profit because the moment you panic, someone will take advantage of it.
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November 30, 2022, 09:04:53 PM
 #28


Not panicking and being greedy in trading can only be done by a trader if he has gone through a lot of trading activities because he should be mature in thought and when he is about to make a decision, but this is really not easy to be calm when the price of BTC has decreased alot, mostly traders not only trade on the BTC-USD pair but also altcoins and seeing a decline in altcoins can trigger traders to panic but traders who only trade on BTC will understand the cycle well

But it's not entirely true, trading on BTC will also have the risk of unexpected declines, especially if trading Futures, it will be riskier. Trading for altcoins also depends on how bitcoin prices are going and only a few altcoins have fallen drastically due to internal issues such as LUNA.
Many factors can trigger panic, but panic can also be overcome by trading habits and knowing what to do when things are not good. and the problem of all traders even if they are professionals is uncontrollable greed.
^The main roots of panic are greed and fear, they will afraid to lose their profit because they want a quick scheme rich.
But most commonly the news around will make them react because they don't know how the market will move they easily get tricked by the FUD on social media, and the panic will long last until the news will eventually have gone, and silence. You are right, those weak hands have commonly become a victim of this panic selling, they don't have trust in BTC that it is already been tested so many years.
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November 30, 2022, 09:09:52 PM
 #29

The whole market is crash at this time and panic among investors is normal but those who have long term holding in mind will not be affected much but the thing is best only if you are holding bitcoin with you not other worthless tokens that won't be able to recover after this whole scene.Otherwise you will also come under those who panic sell their coins in the market.
Crypto is a game of greed and fear like the title says, so it's normal when someone is in panic mainly because of crashes and this is where the greedy people attacks. Panic can also happen when there is a bull run. People, must act fast to sell their coins because they are afraid that the price will go down eventually which is usually the case that happens but on some occasions, the price will continue rising.

Those who are in fearful during the crash are now going to buy because this is where their comfort zone is but this was still risky and wrong. This isn't the proper way of investing but the golden rule must be to buy low and sell high.

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November 30, 2022, 09:44:07 PM
 #30

People are not only panicking about the price going down. People are panicking because it seems like this entire industry is a big ponzi where large exchanges are lending peoples savings and only gambling with those funds and losing them. Quadriga did this a few years back.

It left a real sour taste and people are just sick of it and people are selling all their crypto and getting out. They saw how the Dow is only 6% down from ATH and they are most likely going to invest in the stock market where they don't need to worry about having all their funds disappear.

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November 30, 2022, 09:48:02 PM
 #31

Panic is inevitable because not all of us can afford to ignore market volatility. They don't want to lose on a big drop and as a result they sell when the price is low, while a dip can also trigger a stop loss set by traders so that can also cause the price to drop even lower.

But things like this should be used by other traders who expect to be able to buy assets at low prices. I know this is a necessary thing in trading because if everyone in the market has the same mindset, then really the price will stay stable.

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December 01, 2022, 01:18:03 AM
 #32

Not panicking and being greedy in trading can only be done by a trader if he has gone through a lot of trading activities because he should be mature in thought and when he is about to make a decision, but this is really not easy to be calm when the price of BTC has decreased alot, mostly traders not only trade on the BTC-USD pair but also altcoins and seeing a decline in altcoins can trigger traders to panic but traders who only trade on BTC will understand the cycle well
But it's not entirely true, trading on BTC will also have the risk of unexpected declines, especially if trading Futures, it will be riskier. Trading for altcoins also depends on how bitcoin prices are going and only a few altcoins have fallen drastically due to internal issues such as LUNA.
Many factors can trigger panic, but panic can also be overcome by trading habits and knowing what to do when things are not good. and the problem of all traders even if they are professionals is uncontrollable greed.
I do agree that there is a risk involved when you are trading in futures, but if you move to spot then you wouldn't have that much trading problems. It has a lot less risks, and moves usually within 10-20% ranges when it goes down and that should be easily recoverable in the long distance.

I know that it is not going to be that much of a trouble for many people in the long run, but I feel like that would be just a problem for you if you do futures anyway, so it's fine. Spot trading is great because of this reason, could be for bitcoin, could be for alts, could be for anything you want and you can still do it. I personally love it so much and has done good for me.

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December 01, 2022, 02:05:20 AM
 #33

We can’t really avoid from getting panicked anytime without warning. It really depends on each other’s financial situation, and timers and experts aren’t exempted from that.
As human instinct, we all will be panic if things go different than what we thought and worse if things can lead to forced liquidations, bankruptcy by our bad decisions. The level of panic would be higher if a potential loss is bigger and its impact on our lives is more seriously.

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Most of us especially the newbies and beginners are prone to having panics while the market goes down and/or getting scammed or hacked. It’s all about understanding how the market works and accept the fact that there are no promises or astronomical guaranteed returns by just treating what we spent as “dead money”.
Newbies and beginners are most vulnerable people in the market because they are lack of knowledge and experience. Times, experience and learned-lessons from own loses can help them to grow up and to become better versions of themselves.

When they have more comprehensive knowledge, more experience and better ability to control their fear and greed, they will have less odds to be panic.

I do agree that there is a risk involved when you are trading in futures, but if you move to spot then you wouldn't have that much trading problems. It has a lot less risks, and moves usually within 10-20% ranges when it goes down and that should be easily recoverable in the long distance.
The beauty of Spot trading is even if you make mistake with a wrong entry and if you don't cut loss, you are still able to hold your asset and wait for recovery or a new bull run. Here I am talking about Bitcoin which is a safest cryptocurrency to invest in.

With Leverage (Margin) trading or Future trading, if you make mistake and don't cut loss, in worst case you will be forced liquidated by exchanges.

Please look at the Fear and Greed Index chart and tell me, is it a good period to be greed or fearful?


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December 01, 2022, 05:49:16 PM
 #34

~
In the end, they might not understand these anyway in the first place. Bitcoin has been to these kind of dips for more than what my memory can remember on how many times I slept through the bearish market. I guess there were just traders that are not into long-term investments and therefore just calling it quits now during these trends.  I've been telling these back in 2018 when a lot were panicking, but I guess there were still people overcomplicating these simple stuffs like "hodl", "invest those you afford to lose" (like you mentioned), etc.

Even if the market volatility was kind of unsettling sometimes, if your investment was something that you still afford to lose, would it matter anyway regardless?
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December 01, 2022, 06:04:52 PM
 #35

It’s a game of patient and who HODLING for really long period of time. Bitcoin is something which is greedy of time! It’s slow but it’s highly effective getting valued for itself with the time. If we are going to invest into crypto and mostly focused on bitcoin then definitely irrespective of the trend whether it is bearish or bullish one should be best hodler in the market. As far as greed is considered we are humans and we have survival instincts to beyond and try our luck. That’s what happens in the crypto. They keep trading even they have gotten something.
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December 02, 2022, 12:06:50 AM
 #36

1 ) - stop listening to twitter/shit medias ,  bitcoin " advisors or consultants" usually they are paid advertisements from btc whales to buy lower or to get more profits in their shorts : panic panic panic : china china china , russia russia russia , SEC SEC SEC inflation inflation inflation . ....... all bullshit
Some people panic and sell their bitcoin just because of what they hear on social media, i have seen lot's of people saying bitcoin is going to die which is impossible, Bitcoin is not going to die, Bitcoin have faced lot's of challenges in the past and it didn't die so even now bitcoin is not going to die, the highest thing that can happen is that the price will dump but if you can hold its definitely going to bounce back. If you keep on listening to what people are saying on social media then you are not going to invest.
3) Go for long term investment , ask yourself : what will be bitcoin price in 5 years from now ? Going to zero ? Going to 250k ? stay at same price ?
The main reason why some people lose interest in bitcoin is because they believe bitcoin is a get rich quick scheme, most of them believe if they just invest their money immediately they will be in profit which at the end if they invest and bitcoin keeps dumping, they always end up losing interest, Bitcoin is not a get rich quick scheme so if you are investing, then you should be prepared to hold for long term.





You are right 100% , bitcoin is for long term holders , not for those looking for a " get-rich-quickly-schem"


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December 02, 2022, 07:18:36 AM
 #37


Crypto market is a volatile trading platform. Uptrend is not always possible and the downtrend is not permanent. There are some investors who are panicked by the nature of market movements. When they see the negative side of the market they fear sell their assets with loss and when the market goes up they buy again in the hope of profit. But in reality, if a trader goes through this situation, his chance of loss is 100%. A trader needs determination in this perspective. He has to deal with any situation with the market. Traders should remember that when a normal investor fails to hold his assets, a whale investor never misses that opportunity.

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December 02, 2022, 08:36:51 AM
 #38


2) - Buy small amounts at a time , we are buying at 19k , 16 k , 14k , 12k , 10.1k , 7.25k wherever it goes we keep buying . This is how big financial funds and big traders are averaging their buy


DCA is what you are explaining and that is the best way to btc instead of waiting for what is "perceived" as the right time or buttom because that may never be known before bitcoin price go bull again. Therefore to gradually accumulate is a wise hodling decision.



3) Go for long term investment , ask yourself : what will be bitcoin price in 5 years from now ? Going to zero ? Going to 250k ? stay at same price ?


Longtime investment as to 5 years is for loose money not money you plan to use in as soon as possible. This means that you have to set that money out for investment lasting you a long time so that even with fallei price you are not worried because it will go back up to your area of cash out.
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December 02, 2022, 09:22:40 AM
 #39

Newcomers in the blockchain are most likely the people who do panic selling or panicking in this kind of situation of the market. It is either they bought at $20,000 and the price dumps even more, so they are thinking silly possibilities like it would not go up again and their money would be gone to waste in the long run, something like that or even more worst scenario. Once they get used to bearish market, they will completely act different and will not panic again in the next bearish market.
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December 02, 2022, 10:50:16 AM
 #40

Newcomers in the blockchain are most likely the people who do panic selling or panicking in this kind of situation of the market. It is either they bought at $20,000 and the price dumps even more, so they are thinking silly possibilities like it would not go up again and their money would be gone to waste in the long run, something like that or even more worst scenario. Once they get used to bearish market, they will completely act different and will not panic again in the next bearish market.

When coins are sold in a bear market, it does not always signal panic. After all, there is such a category of investors who do not want to simply sit out a drawdown for several years until the market becomes bullish again. Because the only correct solution in a bear market is fiat money, which will allow you to increase your position in the crypt.

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