Quote from: panganib999 on October 11, 2019, 01:06:36 AM

Quote from: izzy13 on February 20, 2019, 04:56:29 PM

The dynamic situation of cryptocurrency these days in general responded by three ways: selling panicly with the risk of cut-loss in order to save the remaining assets from more fallen, hold the assets and playing save by not doing any trading activities, and view the phenomenon as a diamond chance then buying coins in huge amounts of investments while the prices are low. Of course, those three ways are logically humane and each has their own pluses and minuses.

I am intrigued upon the first two: panic selling and postponing from trading.

On doing panic selling, ones tend to sell their assets in the price lower than in the actual price. The main goal is to sell their coins faster to save themselves from the worse situation, without consideration upon the impact of their behaviour towards the market in general.

Meanwhile, ones could also hold their assests and postpone from doing any trading activities, in order to keep their assets safe and even maybe went on hiatus from digital assets bussiness while waiting for the bullish days to be back. They don't want to sell their assets in low price, but the act of not doing any trading is logically also has impact in general. At least, it is contributing on slower the trading traffic.

In your opinion, which one is the worse way among the two?

Although they both have the disadvantage, I think Panic selling is worst amongst the two. What mainly drives this kind of action is emotions that keeps on meddling with our trading activities when in fact its the last thing that we need, we need more of our gut feels than our emotions. Panic selling is irreversible so if you've sell your assets to an unreasonable price then market price did an unexpected move going up, your act will lead you to your biggest regret.

Panic selling is not solution for overcoming the loss that you see proceeding towards you in market. I am never ever going to rely on my emotions while doing trading because they never let you analyze market properly. Sometimes we do lose in trading and go into stress which pushes us into taking wrong decisions ultimately leaving us with no money.