Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rembang on October 14, 2018, 01:57:02 AM
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It has been noticeable that social media these days is exerting panic calls all around. These posts serve no real purpose except to take clicks and views while not helping the cryptocurrency community at all.
Keeping a cool head at times of bearish runs is no trick but is also far from easy. Even the best of us fell into the trap of panic responses, losing even more as a result. Keep the stress out of the trading business and invest only so much that you can afford to lose. We would also recommend small investments at the times when bitcoin and altcoins gradually lose value, since the period when they rise up will come.
Share here your "quick and dirty" techniques to keep calm while trading and experiences when you panicked so to help others recognize it as well and stop it in time!
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As for me, I do not give room for news that spread fear, uncertainty and doubts at all. Also, I do not visit coinmarketcap often when the market is bearish.
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I also agree bro. because after I pay attention. a lot of people suffer losses when investing in bitcoin or altcoin. because the number of cryiptocurrency whose prices dropped sharply. so many people panic to sell their assets
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Such news is already becoming more or less familiar to ordinary citizens and investors who are interested in the cryptographic market, but in fact they are breakthrough and will help to restore the capitalization of the increasingly mature market every month. By the way, the cumulative capitalization of the crypto market, due to the fact that many investors sell their cryptocurrencies, especially the recently traded ones after the ICO, came close to $ 200 billion, although it was 4 times higher in January.
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As a rule, newbies give in to panic, we all went through it in due time and I think that everyone who deals in cryptocurrencies needs to go through it, lose some of their money as a result of panic selling or buying, to gain experience and to be more balanced in the future.
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Panic is a constant problem that will not go anywhere, but the reason for this is the fear of the unknown. No one knows where the price will go in half an hour, so those who deal in cryptocurrencies start to panic when the market drops sharply or grows. The media also affects people's moods and can increase panic.
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Panic will not bring any profit to us in trading. It's better to be calm and confident that the bear market will be fine. Because the rise and fall of the crypto market is normal.
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All investors should not be panic but of course we can't control the emotion of each investors because they are afraid of losing their investment because of continuous fluctuation of crypto market prices.
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Panic will cause us to lose. So to do trading we need calm, patience and a good strategy. Therefore, it is important to maintain emotions when prices go down so as not to rush to sell coins so that we experience losses.
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panic will make our mind chaotic and not aligned with what we are aiming for, so before starting trading make sure first do some sort of research where the direction of the coin will lead, this is indeed the habit of a trader who is still a beginner, I think lack of guidance and understanding makes someone suffer a loss, so here it is important to be patient and do research first or ask for advice to someone who is an expert in trading.
because even from my experience I tried to trade without any directives just relying on peeling and the results I lost about 60% of the assets I had and I didn't think of HOLD because of the panic that I experienced.
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All investors should not be panic but of course we can't control the emotion of each investors because they are afraid of losing their investment because of continuous fluctuation of crypto market prices.
I agree with you, although panic is a bad decision to make but we can't blame these people if they will panic specially if these people experienced a big lose before like when they buy Bitcoin at $19,800 before and they realized the big lose when it reach $6,000 due to keep on holding that is why they will easily to panic now.
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All investors should not be panic but of course we can't control the emotion of each investors because they are afraid of losing their investment because of continuous fluctuation of crypto market prices.
If we can't control their emotion, they can. Individual investors are responsible to handle their own destiny in investment and trading.
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We can't force people not to get panic most especially today that the market continuously drop, so many people want to take advantage while they can sell their investment at higher price because once the market will continue to drops they might be losing too much.
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Panic selling, in my opinion is just a normal individual feeling and should not be taken as bad phenomenon. It happens to many people and i have consider it not bad situation but rather, a nature thing. People get panicking because of fear of loosing valuables, and to cut their losses, they engaged in panic selling while some people to advantage of the market conditions to engaged in panic buying too.
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I think panic will cause us to get a loss. because to trade we only need calm, patience and a good strategy. Therefore, in my opinion it is very important to always keep emotions when prices drop so we do not rush to sell coins so that we do not experience losses.
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So true. Panic is what makes us lose in Crypto. Panic is what makes us experience big losses too. We should all learn and keep learning so that we can handle the panic and not sell our coins carelessly when the price drops. Because a lot of people panic causes crypto prices to plummet. It is better to put forward a patient attitude and also continue to wait for crypto prices to rise.
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Yes, i think that panic selling will help reduce lost if we do a good forcast of the market future price decline. I also agreed that learning the market forcast will help to reduce panic selling or buying.
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Yes for now we have to stop panic in trading, because it will destroy the funds we have, for example, when bitcoin gets negative news about banning bitcoin in a country, everyone is stuck in the news, so crowded people sell bitcoin at cheap prices because of panic they. But it doesn't take several days for bitcoin prices to rise quickly. So now if we want bitcoin to remain stable and then go up, we don't panic when there is negative news about bitcoin.
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if you want to trade and get profit by trading, then stop panicking because if you panic and can't control your emotions you will make the wrong decision and you will lose, so be calm and patient
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As for me, I do not give room for news that spread fear, uncertainty and doubts at all. Also, I do not visit coinmarketcap often when the market is bearish.
fear will make us lose a lot do not panic panic will make the trade more chaotic, we should draw conclusions so that we can get used to when the price fluctuations, the point is we must be patient.
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Panic trading is the problem many traders have and they end up loosing their investment, the best thing to do is to set a target of what want to sell.
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When you start to invest a decent amount in the hope of making a quick profit and when the market begins to fall-it is very difficult not to panic.Panic is inherent in all beginners !It is very important to understand the topic and comply with risk management and money management.
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Panic is an emotion from ourselves that is very difficult to prevent, but panic will not appear without a trigger. I usually choose not to focus too much on the market when the market is declining and focus more on doing some research. That way I can minimize my panic from the market chart.
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Panic trading will cause you a losing profit in a short time. use common sense with analysis and monitor market trends, keep away from emotions in buying and selling decisions. be disciplined in trading then you will be out as a winner
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this is one of the risks that must be experienced by every trader, even the price reduction as it is now the biggest grief of every decline that has ever happened, the point is just wait and hold it until the price is really stable. Ane sure the price will go up again.
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I can not know how much loss I will experience when selling coins with panic, even some exchanges also use bots and I find it difficult to distinguish how when we panic and make a sell order then it is passed by the buyers.I will regret after knowing the price will rise again in a matter of days :'(
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It has been noticeable that social media these days is exerting panic calls all around. These posts serve no real purpose except to take clicks and views while not helping the cryptocurrency community at all.
Keeping a cool head at times of bearish runs is no trick but is also far from easy. Even the best of us fell into the trap of panic responses, losing even more as a result. Keep the stress out of the trading business and invest only so much that you can afford to lose. We would also recommend small investments at the times when bitcoin and altcoins gradually lose value, since the period when they rise up will come.
Share here your "quick and dirty" techniques to keep calm while trading and experiences when you panicked so to help others recognize it as well and stop it in time!
yes, stopping panic is very difficult, of course, especially as a day trader it will be more difficult to avoid panic, that's what I've seen, and for example we intend to invest for a long time, we shouldn't need to see
price movements that have now decreased are very deep, so we are not too stressed and not so panicked, we should stay calm & optimistic.
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Mind control or self discipline is a must in trading not to be in panic. Sometimes it is difficult to maintain calmness but once did it is one of the achievements. Calmness and presence of mind awareness are the keys to eliminate panic thinking.
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Before you start trading set some rules you should follow and stick to them. When hard times come and panic appears on the market, remember you have rules. Keep your nerves in check or else losses will be painful.
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Before you start trading set some rules you should follow and stick to them. When hard times come and panic appears on the market, remember you have rules. Keep your nerves in check or else losses will be painful.
I once strictly follow my rules but the bull trap when bitcoin 17,00$ make me fail, and now I still pay for my mistake. Hope that I won’t suffer this longer
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Getting benefit from crypto is not easy, you can read the charts and not panic at the rapid market changes, if you are afraid, you should hold the coins that you have and sell if you are going to incur a large loss
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Trading is the most important part of cryptocurrency where you trade your coins. To earn the maximum profit from trading maturity is required otherwise chances of losses or more.
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And despite panic selling on crypto, people in other forms of Business also experience the same situation, panic sellimg and buying. I think we should be courageous and be mature as you said in trading our coins.
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It is true, just stop sell coins or tokens for the reason of panic. It makes crypto market getting worse. Panic selling leads the prices of coins to be lower. If the condition continues, the bullrun will be very long time to see.
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Yes, if we can be patience through the bearish markek conditions, i think can we may eventually avoid panic selling or buying. I also know that individuals react differently but we need to be encouraged through forum like this one or through the crypto community (eg. telegram community).
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Panic trading will not do you any good and will destroy your portfolio in no time. Basically you do not buy and sell due to news from people around you, if you take a trade just be confidence in it and let the market play it out.
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Of course, it's not easy to deal with crypto but also pretty risky now. And there's no wonder that after recent bitcoin and other currencies' losses people panic. Actually, I know some people who say now that ways to win in poker (https://bovegas.com/blog/tips-tricks/winning-online-poker-player/) are much easier than to get profit from cryptocurrencies for now. I, for one, hope this little crisis will be over soon.
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Most of the people don't have any trading strategy, thats why they always will lose money
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I really could not have put it better than the original post did. Panic trading and revenge trading just lead to more losses, always trade on a cool, level head and don't allow your anxiety to cloud your judgement.
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Hello, I am a beginner here and want to know how we do not panic,
Whether being patient and patient is the right thing before all our assets decrease in price,
I still believe in not selling, but anyone will panic when they see the market continue to fall
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In my experience learning not to panic is just something that comes with time and experience. The more you trade, the number you get, at least that's how that works for most people.
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Panic trading will not do you any good and will destroy your portfolio in no time. Basically you do not buy and sell due to news from people around you, if you take a trade just be confidence in it and let the market play it out.
I so agree with you mate. Most people don't understand that when they engage in panic trade, they are helping to make the market worse.
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In my experience learning not to panic is just something that comes with time and experience. The more you trade, the number you get, at least that's how that works for most people.
Totally agree. I you don't know exactly how to trade - do not trade
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Panic trading as a matter of fact is one of the factors that contribute to price tank of altcoins.
When traders or investors panic and sell below the average price of coins.
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Panic trading as a matter of fact is one of the factors that contribute to price tank of altcoins.
When traders or investors panic and sell below the average price of coins.
Professional traders and investors never panic, only normies do that
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In my experience learning not to panic is just something that comes with time and experience. The more you trade, the number you get, at least that's how that works for most people.
Totally agree. I you don't know exactly how to trade - do not trade
When you does not know how to trade better don't start to trade with an unclear mind. Holding for long term is an alternative though.
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Panic trading is when one sells or buys because of fear of missing out .
There was a time a coin was listed on binance exchange at $0.3 and keep going up till it gets to $0 9 , so I got irrational thinking if I buy it would still reach maybe $3, I jumped in only for the price of the coin to tank to $0.002.
I was so angered that day cause I lost huge.
You see, panic selling or buying does more harm to the seller or buyer.