Reason you shouldn't panic when the market goes down

[Domithra]

The crypto market has experienced several dips since the beginning of the Blockchain technology yet the market recovers afterwards every time there is dip. There is no point in panicking when we enter the bear market. It's all about exercising patience and giving yourself a long term goal.

[sugarchrisp]

Agreed.  If you panic and sell when the market is down you're just playing to your emotions, and that is how you get wrecked in the trading world.  Logic first, emotions never.

[Phylum1020]

The crypto market has experienced several dips since the beginning of the Blockchain technology yet the market recovers afterwards every time there is dip. There is no point in panicking when we enter the bear market. It's all about exercising patience and giving yourself a long term goal.

For the past 6 years in crypto i see the ups and downs of cryptocurrency, the downtrends and uptrends of it. Many crypto investors have a weak hands and selling their holdings even in low price and let themselves loss lot of money because they panicked in bearish market. Patience and trust is needed when the bear market strikes, we know that crypto will recover and you can gain profit again, as what happens on the previous years past.

[tamango]

I totally agree with you, if you have a long term view (as I do), I don't care about weekly up and down.. I believe in blockchain and in crypto so in these moments I just relax and hold.

[Jaguar]

Then we can say everyone must have  a mission and vision for the people without vision shall perish. Once the person have vision that set, he will definitely follow the rules and the set goals.

[Alcor]

Over the past few years, bitcoin, with each retreat in price two steps back, then made five steps forward. Approximately the same growth in the price and other promising crypto currency. Therefore, the general fall of the crypto-currency market should not be feared. For each of its falls, the period of its ascent is necessarily going on. Let's hope that this will continue for a very long time.

[TERMINO]

Panic does not help to get what we originally plan because when we got into it every good goals that we think will ruin. Keep patient and be cool with understanding that it will be alright.

[Claus]

The crypto market has experienced several dips since the beginning of the Blockchain technology yet the market recovers afterwards every time there is dip. There is no point in panicking when we enter the bear market. It's all about exercising patience and giving yourself a long term goal.

Thats really true buddy.
I dont really know why people always panic when it comes to.prices of coins going down like that.
I know the green market will surely come so we have to exercise patience.

[victorianomojica]

Agree ! For me i don't know some people need to panic when the coins is going down, panic does not help we need to patient and be cool with understanding that it will be alright.

[altcoingamer]

I'm not panicking really but I'm looking for more opportunity.  I thnk I missed a bit with my alt positions with slippage from BTC not coming out of its bear trend earlier, but I think all of them are in the bottom 15-20% of their respective drops from April and I think i will be really well positioned for the next market cycle.. but I could have done better and will use it as a learning opportunity.

[sirty143]

I totally agree with you, if you have a long term view (as I do), I don't care about weekly up and down.. I believe in blockchain and in crypto so in these moments I just relax and hold.

What if you are holding a large amount of Bitcoin, say 5000 BTC in your wallet will you still be able to relax when the price of Bitcoin dive deep at $ 5000? I guess you can't.

[Dynamite]

Maybe the person panicking because of unreasonable lose the crash dig. There are different reasons about why but what is important they should try to handle themselves and be convince that crypto will get back soon.

[Prime]

I shouldn't feel panic when the price is going down. It is true as you said. The price of cryptocurrency is still fluctuating and changing. It can rise and decrease easily. Just be patient and don't panic.

[Rosethevoice]

The crypto market has experienced several dips since the beginning of the Blockchain technology yet the market recovers afterwards every time there is dip. There is no point in panicking when we enter the bear market. It's all about exercising patience and giving yourself a long term goal.

Thats right,if you truly believe in your coin that it has great potential to grow in the market theres no need to panic because if you panic you contribute the market to be more bearish,although it will recover but continous dumps can make it make coins value to goes more dip.

[korkorjkk]

Of course, there has always been fluctuations and as a crypto member you should bear in mind that the prices will not always go up. You should always hold your coins when the prices go down so you can sell them later.