Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: zorchy on October 13, 2018, 01:20:44 PM
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When there are instances that when the coin you hold has turned to dumped hard, are you biting that move to panic sell all your coins? Do you feel ease that you sell all your coin when the dump starts? Or feel depressed when you dump your coins and turns out it almost x2 the usual price.
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What i think is that panic does not do any good and will affect whatever you do the next minute, when you start to get panic which also means that your mind is not in a calm state and you are not able to think in a clear mind. Especially deciding on important things like crypto is a very dangerous thing most probably you will make a wrong decision.
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The word panicking itself already means that you are not at ease.
It is a tough call when dumping starts and your tokens are now below the price when you bought it. There are times when you don't sell then the price continue to drop, there are also times when you sell then the price suddenly pumps. I guess it is a case to case basis depending on how you read the market
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everything we decide in that panic is usually the wrong decision, so also if we make the decision to sell our assets in a panic it will be a regret later.
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When all coins are down, I always hold the coin firmly. I will not repeat the same mistake. Because I used to sell coins when I was down, and I was surprised when soon the coins that I threw away rose quickly.
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You don’t solve your problems with panic, so it doesn’t help here, the sale of all the coins will not help either, so personally I wouldn’t sell my coins at that moment when the market goes down!
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in my opinion, rather than selling it at a very cheap price, then I prefer to hold the coin that I have. maybe in the future it will be meaningless, but I will hold it back rather than sell it in panic.
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Now of course for investors-the best option is to keep.Many did not sell when it could be done-now they have to wait and hope for growth.
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if we panic in dealing the market situation, then it will make us depressed. we know that the crypto market is unstable and the price of crypto that is down is normal thing. so we have to stay calm.
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In cryptos somes have to panic, it may be either that, he onces hold on onto a coin so that the price may multiply and instead of that the market went the other way i.e devalue. And now he his holding another coin and he sees that the price is going down he will be panicked because he don't want what Happened to him before to repeat itself
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Panicking can't be constructive at all.
It's negative issue.
I think we have to be more patient.
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Panicking can't be constructive at all.
It's negative issue.
I think we have to be more patient.
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If I would panic every time I make some bad calls on market, I would have a nervous breakdown several times a day. Take it easy and hope for the best.
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For me, last year's euphoria was quite calm and I did not go on about all and did not buy anything. On the contrary - I actively sold. As a result, I got a huge plus to my income. Now I belong to a bearish market is absolutely quiet. I accumulate more coins and wait for the next excitement to sell them again more expensive.
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Dealing with panic is not an easy task as the condition of the market, sometime you hold and later you regret why holding. So many negatives thinking will cross your mind
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Panic has become a human instinct, when we do something that is not desirable it must experience panic, it depends on the individual who is able to hold it, when your coins are worthless, you should keep them until the price recovers, then you release.
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I have repeatedly encountered such a situation in the market as today I adequately assess this situation; no need to panic; the market will recover; it takes time
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Every person involved in crypto world feel like that.., believe me. Maybe who feel ease when seel all their coins on dumped scheme who already take profit from that and hold profit from it. That is why panic is not a good thing in trading activity.
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I think panicking people in crypto brings depression to a holders cause impatience people bring the coin into a lower price while the holders keep holdings their coins and wait till the price goes up and for the better outcome, i guess we have to be more patience to our holdings.
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When I see that the price of the token goes down strongly, I don’t panic, I just hope and expect that this token will grow again in the future, and when I sell tokens and see that token after it starts to grow, of course, like any person in this sphere I feel bad from what I saw.
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It is important to identify the coins you own to determine whether you hold or sell which is better grab the opportunities for your own good.
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I think we should be more patient for the ownership of cryptos. I think people panic in crypto bring depression to holders because impatience people bring coins to lower prices while holders keep holding their coins and wait until prices rise and for better results.
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Panic makes you feel depressed, too much anxiety is not good at all.
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I begin to worry very much when, in my opinion, the coin has prospects and its price begins to fall, I do not like it. I immediately begin to sell it and then my heart is very sad.
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panic makes it difficult for people to think rationally, before that you try to be able to control yourself first, as if you sell your coins at a small price you should do research and calculations that are mature, so that your decision is right and does not regret later
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It is a human instinct. But I don't think that there are people who like to panic and there are people who get a kind of happiness from panic,so I think that it would be best for all not to panic, otherwise you can lose a lot of money.
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Obviously panicking can make depressed anyone but I never sell my coins in loss I rather choose to hold on my coins because panic selling instigates you to sell but we need to stay calm during that time and I know if I sell in loss and if it will rise back it will definitely frustrates me on panicking & I don't feel ease while my coin dumps hard.
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The people who are panic always loses. If you look at previous periods, this is the same case in crypto. So it is worth to be patient and not be weak hand. In fact, it is good that the weak hands go away.
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When that happens it's not the best to Panic sell, because you can lose alot of profits. Panic is never a good thing, it prevents one from thinking right, Its best to watch the Market and know the best thing to do in such situations.
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For me, ultimate 12 months's euphoria turned into quite calm and i did not move on about all and did no longer buy whatever. at the contrary - I actively bought. As a result, I were given a massive plus to my earnings. Now I belong to a bearish market is really quiet. I gather extra cash and watch for the next excitement to sell them once more extra costly.
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panic makes a loss. I know that. but we can't always avoid that. when the price is down, 50% of users will panic. Maybe you will feel too.
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Panic will make us wrong in making decisions and I think we have to be patient and keep coins. In the current situation that the price of Bitcoin and Ethereum falls so that the impact on all Altcoin becomes red. Many people panic and sell their coins at cheap prices. Of course, it's a wrong decision because I'm sure that the price of the coin will rise again.