What are you doing when the market is panicking?

[Mr. Magkaisa]

I am holding, everything I have bought is significantly down from the price I bought them at and I can't get myself to sell at much lower prices.

           -     You are doing it right mate because this is the only best way when we are in this momentum of panic mode period in most crypto communities. Others are carried away by the worries of others so because they are controlled by their fear they are able to sell their assets for less than the price they bought them, particularly most of the time in bitcoin.

But if they had a broader knowledge of the behavior of bitcoin or crypto, for sure they would not have been carried away by such situations that make most people nick.

[SmartGold01]

Of course it's always important to trade with stop lose and take profits, this helps us to regulate how much we can lose while trading especially when we're not actively in the window while trading or maybe decided to go for a short break, this would help to control how you lose money while trading except such person is a greedy trader that wouldn't want to take profits.

We as crypto traders should not be greedy, and I think trading anything is the same. Getting a little profit is okay, as long as you don't lose.
So we need to learn the right time to do stop loss and take profit, don't let it be when we make a profit we just keep quiet and when we lose because the price drops we sell.

Most traders do target huge profits without them knowing that it could also lead to losing higher amounts especially when they are being carried away they wouldn't know when the market would turn the other way. Trading is simple when if we don't look at higher profits from the market rather coin around every single dollar we make add profits to account.

Yes, that is not the right way to trade, therefore I strongly discourage it. And if we still often trade like that, then from now on it must be changed immediately, do not be too eager to get big profits so that you let go of moments that we can actually use to collect profits. I believe that if we want to learn, then the greedy nature in trading will gradually disappear.

A real trader often do not allow greed to will over them as it's a major force of failure while trading and to overcome this is to entirely reduced their attention and mindset towards channeling them into become that greedy while trading.
It best advisable to only trading with an amount that can be able to risk than using amounts far way too higher for them to lose due to their selfish nature.

[vegasus]

A real trader often do not allow greed to will over them as it's a major force of failure while trading and to overcome this is to entirely reduced their attention and mindset towards channeling them into become that greedy while trading.
It best advisable to only trading with an amount that can be able to risk than using amounts far way too higher for them to lose due to their selfish nature.

Yes, because they are used to it and are able to control it all, the emotional emotions that can destroy the trading tactics that are being carried out. Of course, it must also be full of struggles in the process, but when they have really succeeded in becoming real traders, with all their experiences, they will be much wiser, more mentally and physically prepared, stable and mature in their level of knowledge, both in terms of analysis and self-control.

[Themepen]

           -     You are doing it right mate because this is the only best way when we are in this momentum of panic mode period in most crypto communities. Others are carried away by the worries of others so because they are controlled by their fear they are able to sell their assets for less than the price they bought them, particularly most of the time in bitcoin.

But if they had a broader knowledge of the behavior of bitcoin or crypto, for sure they would not have been carried away by such situations that make most people nick.

You are exactly right it is best way to handle things when everyone in crypto world is panicking. People can easily get worried because they see that others are worried and then they sell their crypto for less money.

But if they knew more about how Bitcoin and other cryptos usually act they probably would not get so scared by these situations that make most people nervous. Understanding history of Bitcoin price and how crypto market goes up and down can really help to stay calm during these up and down cycles. People who sell in panic mostly do not know bigger picture and let their feelings control their decisions instead of thinking long term. Having this knowledge can help to make good choices instead of just following crowd fear.

[KryptoBull]

Yes, because they are used to it and are able to control it all, the emotional emotions that can destroy the trading tactics that are being carried out. Of course, it must also be full of struggles in the process, but when they have really succeeded in becoming real traders, with all their experiences, they will be much wiser, more mentally and physically prepared, stable and mature in their level of knowledge, both in terms of analysis and self-control.

It takes a lot of experience to act so promptly and correctly when the market is going through terrible volatility. Only pro-traders and pro-investors can stay ahead of the trend and remain calm throughout their investment journey, and to gain enough experience, they have also traded both time and money for mistakes and self-learning.

The crypto market has been around for over 10 years, but the majority of investors are still easily swayed by FOMO and act without thinking; they are controlled by the herd effect. Their mistakes are exactly what whales aim to achieve with their price manipulation strategies. I think we have to accept the existence of this group of investors; we just try our best not to become one of them.

[Nheer]

A real trader often do not allow greed to will over them as it's a major force of failure while trading and to overcome this is to entirely reduced their attention and mindset towards channeling them into become that greedy while trading.
It best advisable to only trading with an amount that can be able to risk than using amounts far way too higher for them to lose due to their selfish nature.

Yes, because they are used to it and are able to control it all, the emotional emotions that can destroy the trading tactics that are being carried out. Of course, it must also be full of struggles in the process, but when they have really succeeded in becoming real traders, with all their experiences, they will be much wiser, more mentally and physically prepared, stable and mature in their level of knowledge, both in terms of analysis and self-control.

Every aspect of them will be confidential and smart cause they have stayed longer in the crypto world
And gain much experience that everything seems to be more easier and things will work out smoothly for them cause of the knowledge and dedication they put into it. Every strategy and analysis will work great but sometimes the news of the fundamentals markets will affect currency pairs and the market will likely go sideways for them but their probability of them having a profitable entry will be very positive and to acquire loss will be less cause of the experience and knowledge they have gain so far. 

[KryptoBull]

Every aspect of them will be confidential and smart cause they have stayed longer in the crypto world
And gain much experience that everything seems to be more easier and things will work out smoothly for them cause of the knowledge and dedication they put into it. Every strategy and analysis will work great but sometimes the news of the fundamentals markets will affect currency pairs and the market will likely go sideways for them but their probability of them having a profitable entry will be very positive and to acquire loss will be less cause of the experience and knowledge they have gain so far.

Even the most seasoned investors can easily make wrong decisions when the market fluctuates beyond their wildest imagination. Everyone is optimistic, proactive, and calm until things get really crazy in this market. I've seen many traders rush to cut losses right at the bottom of the correction in June 2021, then they FOMOed when BTC went above 64K USD and had to stop loss at 52K USD.

A few weeks ago, when BTC retested 75K USD, many investors also made wrong decisions, believing that the market no longer had growth potential, so they left the market to wait for the crypto winter. We are seeing BTC price recover to 97K USD, which means many investors may have been wrong in their fear. This will happen many more times in the peak zone in the next few months, and we will again see unreasonable emotional decisions from investors!

[lombok]

Every aspect of them will be confidential and smart cause they have stayed longer in the crypto world
And gain much experience that everything seems to be more easier and things will work out smoothly for them cause of the knowledge and dedication they put into it. Every strategy and analysis will work great but sometimes the news of the fundamentals markets will affect currency pairs and the market will likely go sideways for them but their probability of them having a profitable entry will be very positive and to acquire loss will be less cause of the experience and knowledge they have gain so far.

In the crypto world, the longer one invests, the more they observe patterns hard for a beginner to notice in the market. In this case, experience makes it easier to handle risks and avoid base decisions in a given project. According to CryptoCompare more than 60% of traders especially the experienced ones have a more developed approach on how to manage sideways pattern. They can make wiser decisions and are not inclined to be swayed by recent occurrences in the market. This is so because they are in a position to make profits no matter what the market status is fixed or slow with well-known ways.

[KryptoBull]

In the crypto world, the longer one invests, the more they observe patterns hard for a beginner to notice in the market. In this case, experience makes it easier to handle risks and avoid base decisions in a given project. According to CryptoCompare more than 60% of traders especially the experienced ones have a more developed approach on how to manage sideways pattern. They can make wiser decisions and are not inclined to be swayed by recent occurrences in the market. This is so because they are in a position to make profits no matter what the market status is fixed or slow with well-known ways.

That's the value of experience: they know when to act and when to cautiously observe the market. Moreover, they can also assess the market and set more reasonable expectations, without being overly greedy or fearful. These are the essential foundations for building an effective crypto investment strategy.

Profitable positions also help them maintain composure more easily compared to those suffering losses or standing on the sidelines. Pressure from the actual balance can truly break down an investor's emotional and psychological defenses and lead them into mistakes.

[Fivestar4everMVP]

I am holding, everything I have bought is significantly down from the price I bought them at and I can't get myself to sell at much lower prices.

           -     You are doing it right mate because this is the only best way when we are in this momentum of panic mode period in most crypto communities. Others are carried away by the worries of others so because they are controlled by their fear they are able to sell their assets for less than the price they bought them, particularly most of the time in bitcoin.

But if they had a broader knowledge of the behavior of bitcoin or crypto, for sure they would not have been carried away by such situations that make most people nick.

Not everyone who decided to sell their crypto assets at a loss or even great loss actually pannic sold, there are alot of reasons why alot of people choose to sell their crypto asset for a loss and I tell you that some times, the decision to sell often turn out to be the best decision than holding..

For example, imagine your self in a sinking ship without any form of remedy, where you simply have two choices..
* First choice is to stay there in the ship and sink/die with it
* Second choice is to try to save yourself, you may have lost a leg, a hand, or even an eye, but you still choose to save whatever is left of yourself for better opportunities ahead.

This is how it is with selling off some crypto assets aside bitcoin, some Altcoins go down and never to recover again, holding them simply means that you will definitely lose everything one day when the Altcoins gets delisted, selling such type of Altcoins even at a great loss is definitely better than holding until it turns zero.

[MUGNIA]

Yes, unfortunately, it didn't last as the price seems to bounce back down to $92k. So it's not that sustainable run for us, and obviously, it's just temporary, sort of mini run. So with the decline and as what we have said before, it's really better to just buy and continue to stack sats as this could be another accumulation period before the next stop of $100k. And it's really good to be looking at the bigger picture right now and now just those short term profits. It's better to just delayed everything and look for the end year results as the profits is going to be big specially if you are holding and accumulating for many months or even years.

Unfortunately I can't hold my BTC for long, if there is a short increase I will definitely sell my BTC, and buy it back when the price drops again, but honestly, it is very difficult to reach the lowest price, so it takes patience again for this.

[Rubel007]

Yes, unfortunately, it didn't last as the price seems to bounce back down to $92k. So it's not that sustainable run for us, and obviously, it's just temporary, sort of mini run. So with the decline and as what we have said before, it's really better to just buy and continue to stack sats as this could be another accumulation period before the next stop of $100k. And it's really good to be looking at the bigger picture right now and now just those short term profits. It's better to just delayed everything and look for the end year results as the profits is going to be big specially if you are holding and accumulating for many months or even years.

Unfortunately I can't hold my BTC for long, if there is a short increase I will definitely sell my BTC, and buy it back when the price drops again, but honestly, it is very difficult to reach the lowest price, so it takes patience again for this.

In the case of investing in Bitcoin, if you do not have the ability to hold the investment for a long time, then it is better to consider the appropriate time and sell it. I think that only those who have sufficient funds and resources to hold it for a long time can get expected profits from Bitcoin. In the case of accumulating Bitcoin, it may not be easy for everyone to accumulate a large amount of Bitcoin at once, but if someone wants to DCA in Bitcoin, it will be easier for him to hold Bitcoin for the long term.

[lombok]

In the case of investing in Bitcoin, if you do not have the ability to hold the investment for a long time, then it is better to consider the appropriate time and sell it. I think that only those who have sufficient funds and resources to hold it for a long time can get expected profits from Bitcoin. In the case of accumulating Bitcoin, it may not be easy for everyone to accumulate a large amount of Bitcoin at once, but if someone wants to DCA in Bitcoin, it will be easier for him to hold Bitcoin for the long term.

You are quite correct in your observations about the difficulties of acquiring a big amount of bitcoins, in case you have little money. But that is the point when DCA can become really useful. The principle of buying just a little by little is beneficial since it makes you be consistent and does not have to be worrying what the best time to buy is. It is not every person who can bear the raw feeling when prices are changing in an unprecedented way, in case of big amount of invested money. This is where the mentality part is put to more scrutiny than the technical issues. I would say the primary and most critical aspect is seldom determined by the ability to achieve so many but rather by its confidence and composure with the adopted scheme. All strategies could be checked by time, but as for oneself, do not yield to anger and remain on your line.

[JISAN]

In the case of investing in Bitcoin, if you do not have the ability to hold the investment for a long time, then it is better to consider the appropriate time and sell it. I think that only those who have sufficient funds and resources to hold it for a long time can get expected profits from Bitcoin. In the case of accumulating Bitcoin, it may not be easy for everyone to accumulate a large amount of Bitcoin at once, but if someone wants to DCA in Bitcoin, it will be easier for him to hold Bitcoin for the long term.

You are quite correct in your observations about the difficulties of acquiring a big amount of bitcoins, in case you have little money. But that is the point when DCA can become really useful. The principle of buying just a little by little is beneficial since it makes you be consistent and does not have to be worrying what the best time to buy is. It is not every person who can bear the raw feeling when prices are changing in an unprecedented way, in case of big amount of invested money. This is where the mentality part is put to more scrutiny than the technical issues. I would say the primary and most critical aspect is seldom determined by the ability to achieve so many but rather by its confidence and composure with the adopted scheme. All strategies could be checked by time, but as for oneself, do not yield to anger and remain on your line.

Those who do not have much money and can afford to invest a large amount of money in Bitcoin at once, but if they are positive about Bitcoin, then they constantly try to buy and save Bitcoin slowly. And then their DCA is automatically followed and they can always buy Bitcoin at a good price on average. It is a very good decision to invest in Bitcoin, not just Bitcoin, but in any place, instead of investing in a large amount at once, it is a very good decision to invest in a few steps. In this way, you can always be in harmony with the market.

[Crypto Library]

Those who do not have much money and can afford to invest a large amount of money in Bitcoin at once, but if they are positive about Bitcoin, then they constantly try to buy and save Bitcoin slowly. And then their DCA is automatically followed and they can always buy Bitcoin at a good price on average. It is a very good decision to invest in Bitcoin, not just Bitcoin, but in any place, instead of investing in a large amount at once, it is a very good decision to invest in a few steps. In this way, you can always be in harmony with the market.

Good suggestion.
I will also say here that making a big investment at once for long term investment what has no continuation, it will be better if a person adopt Bitcoin for  long term  with the small amount but the investment has the regular consistency.
Because I have seen many investors who made large investments and later sold bitcoin at a small profit or, in many cases, at a loss due to panic markets.
But if they had held there for a few years for the long term, even at $10 per week, then they would have definitely gotten better profits than their previous investments.