Why Panic

[Maximumheight 119]

Many people don't really know what to do when Bitcoin start going down. Some don't know that they can convert to stable coin. Though it also depends on your trading strategy. Some investors can decide to add to their holding by buying low. Just follow your strategy. 

[Jonn 22]

near is not anything to anxiety about and panic
This is a planet of cryptocurrencies occupied of horror and excitement
Dear if you bear a weak mind I act not notify you to trade as it may basis you more or less diseases and progress and solve a different act
 

[amara123123 76]

Panic is part of humanity and if we don't panic then we not suffering into loss in any field of life so we need to avoid from panic buying and selling so be careful about it. 

[Interface User 1070]

May I know how the conversion happen? Is the coin Dai still available in the market? I just want to try this coin to make an experiment in my income also to reduce volatility.

[Agios 1763]

You're right bro, many of us and new traders panic when the price of Bitcoin starts to fall, and we certainly have to quickly convert Bitcoin to USD or other Stable coins, and we just wait for the price of bitcoin to fall even more or near the lowest point price and that's where we are buy Bitcoin.

[Win 1015]

I saw some people or investors are so panic to buy when the price is low and panic sell when the price is high.they dont even know that if you are really investors or traders you dont have to panic its so risky

[hamo86 214]

this is the norm for the market up and down 
to win you need to buy low and sell high 
but some people do the reverse then they get panic 

[fatima123 320]

Panic is part of human nature because suddenly pump and dump in price of bitcoin will dump to altcoins market. So try to convert your altcoins into stable coin dai or usdt. 

[Nurul Huda 944]

On 10/16/2019 at 9:53 PM, Nimrata7 said:

You are not panic as you have no investment in it but there are many users who invest millions and now waiting for the correct position to close their trade.

Hahaha..this is a little funny when I see people panicking when investing millions and waiting for the right position to close their trade so they will be afraid of fear that the capital will not come back all, therefore the sense of panic must be in everyone trading or investing.

[khan22 3478]

On 10/16/2019 at 7:07 PM, pucukjaya said:

What's wrong with Dai? why not doge or eth or any other reason.
indeed most of the traders panic when btc goes down because it causes other prices to come down

If you have good money in your account and at the trading time in crypto market you used the low lot than you make good money through this market and this will give you good profit becasue in trading you make double your account with low lot in short time.

[Sedy 670]

On 10/16/2019 at 7:13 PM, Art said:

Why panic when BTC goes down when can transfer it into Dai? I will eventually buy back BTC at a lower price and earn some profit. I remember when BTC was $18,000 and it starting falling rapidly. If I knew of Dai or any other stable coins, I would have secured my investment. 

Btc can be traded to different coins based on the market prices. As far as DAI coin is concerned I have no idea about it . Very new to me.. is DAI a stable coin like the USD? Can you please elaborate it in the next topic.

[Mehnil125 431]

There is no need to be panic because crypto talk is such types of the app or the website which is used for earning money and also to be added that there is no need to panic. 

[Merytis 21]

You could be at a complete loss investment that coin for a lengthy time but and fail to see a rocket pump back, that's why inhabit don't panicky change their coins into a bit added "stable". exceptionally since this is specifically a tiny not enough dip down and not a crash.

[maxiway 44]

18k was an excellent figure but not many took advantage of their chance to win on that climb, hopefully we can win all this time a halving is coming

[Ayush Singh 1175]

It's a very important point for every beginners because I have seen many who get panic while seeing the ups and down in the Bitcoins price you should not get panic of it because it is not stable so we can't assume it at a constant price so wait for a time if the price is low and do trading and investing with the perfection of time.

[Honny143 13612]

don't worry bro and don't panic its happen in crypto we think now price increase and we buy coins but suddenly, the coin prices goes down so i think invest in safe coins like ETH litecoin because this coins gives loss, when the price low but in few days they recover in short time, but don't worry your coin the value in long term.

[NIVLEM 172]

Why panic? When you're staring at a coins chart watching your coin plummet in price. You feel to abondoned your coin and move to another coin. It a common fear that causes a lot of bad decsion in trading. Because sometimes the coin you sell goes up. The best thing you can do is set a limit. Trust your strategy.

[Amir YT 202]

On 10/16/2019 at 7:43 PM, Art said:

Why panic when BTC goes down when can transfer it into Dai? I will eventually buy back BTC at a lower price and earn some profit. I remember when BTC was $18,000 and it starting falling rapidly. If I knew of Dai or any other stable coins, I would have secured my investment. 

People are emotionfull with their money. They don't want to lose their fund but raise it. If they got any news about their fund they will get panic. In the crypto if you want to be a successfull person then you have leave your emotions.

[Armcannon 858]

If you know how to convert your cryptocurrency to stable coins is really a good advantage. because it can hold your profit temporary if Bitcoin price rapidly dropping .

[ram007 391]

panicking is one traits.of a trader that should be avoided,it can be the reason that you will lose if you didn't control it,because once you panic seeing the price drops chances are selling even at loss

[Lunaa 238]

Some people have it hard to control their emotions which could lead them to be panicked when seeing the price has fall down. It's kind of normal though. One can overcome that in time. They only need to experience the same thing over and over again. And by time, they can stay calm when it happens again. Long term is not always the answer though.

[Imaankhan 208]

On 10/16/2019 at 6:59 PM, Art said:

That is why I love Yobit. Yes!! For sure you can do that on Yobit. My only concern, however, is that the USD loses value as well. I'm not waiting on BTC to back 18,000 to start earn profits. Buy low and sell high is the order of the day.

Yes you are right holding is a good option but the best strategy has to be buy when price are low and sell when prices are high enough to give you profit.

[Muskan7816 175]

Have you already changed it to something else? It may be a good idea to buy more BTC when you have a lower price. Your expensive stock is thin. I think you have to go a long way in identifying BTC 18

[iloveyobit 6599]

2 hours ago, RoseRose said:

Yes I agreed because panic happened because nooby trader use there emotions during the trade. When btc down a little they freak out and this cause more damage. 

Yes, absolutely right, when the market turns, you must place exit orders and close all analysis sites and the platform as a promise after hours or a day to see the result.

[Red-Jones 1150]

2 hours ago, Crypto king bitcoin hunter said:

I am panic beacuse I see that yobit registration is off 🥺. My account don't have any yobit beacuse yobit registration is off 🥺

 

I didn’t know that yobit isn’t accepting new users, I guess you didn’t get yoda

 

 

1 hour ago, Alvey024 said:

For example, yesterday, I transferred a small amount of BTC (0.04012222) and this morning, I bought back BTC at 0.04266714. Just by doing that, I have earn 0.002 BTC. Just imagine I had transferred more? It's all about timing!!! Does that make sense?

 

I didn't understand anything, did you mean that you sell your bitcoin to USD and then bought it back when the bitcoin price dropped and you got 0.042 BTC?

 

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the sale of panic happens because people think the price will drop to $0