Topic: An advice for newbies and plebs - page 4. (Read 1617 times)
I think you are right, most people who invested around 2017 are the ones who have really made alot in crypto, ever since then the market have always been bull and bear, so it better you save up your cash and wait for the next Coming opportunities in the nearest future.
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
very useful, I know the crypto currency cycle is like that, before there is another halving Bitcoin price will definitely be bearish, 2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
this has happened many times in the past years, but it could change, because the crypto market has really changed in terms of marketcap , we should know that.
2022 could be a bull market and 2023 bearish until 2024, considering that the altcoin season hasn't fully come yet
My advice for beginners is to control your emotions as well as possible now, don't let yourself get angry and take rash steps in the market that will make you lose. There is nothing wrong with us waiting for the normal price to return and then selling the coins instead of having to sell it quickly but at a cheap price. If you only have a little capital, don't be afraid to try, tomorrow or later the struggle will pay off by itself.
indeed for beginners should do long-term trading or investment. so that way we will be calmer with price fluctuations that occur, because it is often like playing with our feelings about the analysis that has been made. and if you want to learn daily trading, of course using a little capital for trading, this aims to train our mental, because it requires a process to become trained to face the market. the most important thing for beginners is not to think about the return from the business they do, because many of them are trapped in their emotions, so they do the wrong thing.
For me my advice is don't rush the situation especially if you know that you're not yet ready to face the real trading business because for sure you will regret afterwards..
Be patient, and follow the correct path to become a successful traders, i mean don't create your own journey because it's like you're making experiment and wasting money in it. Keep learning instead and of course keep practicing, don't be so excited if you don't want to experience what other traders nightmare when it comes trading when they were new as well..
Be patient, and follow the correct path to become a successful traders, i mean don't create your own journey because it's like you're making experiment and wasting money in it. Keep learning instead and of course keep practicing, don't be so excited if you don't want to experience what other traders nightmare when it comes trading when they were new as well..
My advice for beginners is to control your emotions as well as possible now, don't let yourself get angry and take rash steps in the market that will make you lose. There is nothing wrong with us waiting for the normal price to return and then selling the coins instead of having to sell it quickly but at a cheap price. If you only have a little capital, don't be afraid to try, tomorrow or later the struggle will pay off by itself.
Imagine if you were in 2017 now, where it was $3k to $20k in BTC price. If you knew that the price of BTC would exceed that, meaning it would reach the current price now, $39k~$42k, wouldn't you want to buy more? The best way is to accumulate more and more BTC regardless of price. This only works if you believe with BTC or whatever asset you will HODL.
No one knows what would happen, but it's better to believe in one thing than nothing.
But not all would really be having that risk taking factor or behavior on which we do always hesitate since we are talking some money on here which most people do really make out some bets or risk with their life savings which is totally not recommended if you do ask me.No one knows what would happen, but it's better to believe in one thing than nothing.
If we do have able to accumulate while bitcoin is still really that cheap then we do able to cherish the fruit of our long patience and trust with this project or coin.
Nothing do able to know on what would be the future but we could really take some shot if we do see for it to be worth or not.
That is really really broad description of the market. Anyone can easily say this whole year is bull or that year is bear! You can’t say it. May be you can have an average value for every market. For example, first quarter goes really bearish and then investors start to put their huge amount of money into it. Altogether things starts to pump one more time and then it follows nice and sweet spot to pump the market again. With that comes the bull next quarter. I think such cyclic changes are really really common in the crypto market. So yeah, with all the quarters together might just give you idea if that particular year was bull or bearish.
Everyone must have experienced the newbies period, and at the beginning I was trading in crypto when the newbie was losing a lot of money, this is because I was just a trial of some suggestions that I found on the blogs or social media they wrote, the most important thing in trading is to focus and determine goal, if the profit has been achieved then you should immediately take action.
we are all newbies , even until now we can consider our self as newbie because no one here are perfect, I mean we may learn many things but this market is volatile that cannot be predicted , meaning there is still chances that we choose the wrong one and lose our funds just like that.Market not always remain bullish nor bear That why you just buy when it’s on sale and don’t sell until you feel you’ve made a quality profit. You have to be willing to accept that this could take months or even years. Always try to take entry when market down and don't buy all in one Entry. Buying in parts is best strategy. Booking profit is necessary. Don't be greedy.
That's what we called willingness to stay Holding either short term or Long term , we must be ready to everything that will come along the way. 
Everyone must have experienced the newbies period, and at the beginning I was trading in crypto when the newbie was losing a lot of money, this is because I was just a trial of some suggestions that I found on the blogs or social media they wrote, the most important thing in trading is to focus and determine goal, if the profit has been achieved then you should immediately take action.
Market not always remain bullish nor bear That why you just buy when it’s on sale and don’t sell until you feel you’ve made a quality profit. You have to be willing to accept that this could take months or even years. Always try to take entry when market down and don't buy all in one Entry. Buying in parts is best strategy. Booking profit is necessary. Don't be greedy.
Not always in crypto we can make a profit quickly and it all depends on market conditions,and before buying it's better to do your own research first at least it will help in making a decision,
for now many people expect the market to be bullish soon and I don't know if it will happen in the near future or not
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
Cryptocurrency is important to know that they have to enter the market from here and also stay away from something that is important here. We are not the only market. There are many more markets. We can go here. It is important to see signs of improvement. 2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
Market not always remain bullish nor bear That why you just buy when it’s on sale and don’t sell until you feel you’ve made a quality profit. You have to be willing to accept that this could take months or even years. Always try to take entry when market down and don't buy all in one Entry. Buying in parts is best strategy. Booking profit is necessary. Don't be greedy.
all full of possibilities, no one knows for sure, even though it's people who have been in the crypto world for a long time. are we going to follow other people's directions? I think it's good to follow personal analysis to be able to do it according to the analysis that has been determined by ourselves through research from our various points of view. that way if it's wrong then this is a learning process, and we don't feel cheated
You're right. I was merely sharing my own experience, and how it might help you in buying the DIP, and HODL. But I'm not perfect, and I might be wrong about 2023. It was a simple analysis based on Bitcoin's bull/bear cycles. It would be Bitcoin's first time to break its own cycle if 2023 doesn't show a golden DIP buying opportunity like 2019.
all full of possibilities, no one knows for sure, even though it's people who have been in the crypto world for a long time. are we going to follow other people's directions? I think it's good to follow personal analysis to be able to do it according to the analysis that has been determined by ourselves through research from our various points of view. that way if it's wrong then this is a learning process, and we don't feel cheated
I agree that it is better that way because by doing our own analysis and research it will make us trained and not constantly rely on other people,doing analysis and research is a process and when it works I think it makes us satisfied
all full of possibilities, no one knows for sure, even though it's people who have been in the crypto world for a long time. are we going to follow other people's directions? I think it's good to follow personal analysis to be able to do it according to the analysis that has been determined by ourselves through research from our various points of view. that way if it's wrong then this is a learning process, and we don't feel cheated
The capital part is one of the hardest parts when you are not a rich person. I believe that I have "diamond hands", which is basically the fact that I do not ever feel the need to sell my coins, not when they are down, not when they are up. I didn't sell when I made 10x profit, I didn't sell when I lost 50% of that, and I am not selling now and I never felt the need to.
However, previously I had situations where I needed to sell it, for some personally reasons. The fact is that I may save money every month, I may not need that money, I can feel like that money is money I can afford to lose and move on, then life happens and a sudden very big expense comes along, and you spend it all at once. That is why going from pleb to rich is so hard.
It is alright if you have to pay for stuff in your life with the profits of your crypto profits. However, if you have to do that when it is down, that is the bad part and it would create some type of problem. If you put in 1k, and have 10k, and you have to take that out to pay something that means you wouldn't normally be able to pay it like that, so easily, but you managed to do that and earned something. It is not really a bad thing because it did helped you get better in life.However, previously I had situations where I needed to sell it, for some personally reasons. The fact is that I may save money every month, I may not need that money, I can feel like that money is money I can afford to lose and move on, then life happens and a sudden very big expense comes along, and you spend it all at once. That is why going from pleb to rich is so hard.
I paid my debts with it as well and I see that as an absolute win, now I have one debt left, which is about 100 dollars per month for the next 4 months, and I will pay that with crypto profits as well hopefully (if I profit like that). Do not consider that as a bad thing, it means crypto made your life better.
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You are right Given the current state of the market, it is unlikely that the market will hit a new bull market again before 2024. So your advice is very important for newcomers. Even so, if anyone wants to do short-term trading without holding back, they can do so, this is my personal opinion.
Simply stop day-trading, or any more active form of trading. Preserve your capital and wait for the market to be in the same situation like 2020 again, when investors were excited to throw their money in crypto. The market narrative has changed, people are not as excited. The market has always followed a bull - bear cycle. Save your money, and wait for the next opportunity.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
2022 - It might be a bear market.
2023 - It might be the next opportunity to buy the Bitcoin DIP.
2024 - It might be the new BULL MARKET.
I think A trader can not wait long time here you mentioned. I am agree to short time trade for some selected tokens and some long time trade in low price for better future days. On the other hand profit and lose is part by part in trade market so i can not sit down for prediction where everyone will move so that i have to take risk, yes i have to take this with study.
and the answer I will give is that I or most people still can't fully accept bitcoin. Bitcoin is only a speculative digital asset and only holds or buys when the price is cheap in our opinion and sells it if it makes a profit.
For the challenge of being someone who has diamond hands and is full of patience for years, it seems that it does require a strong mentality and with capital that really won't be used for anything other than Bitcoin investment. It's hard to hold onto years and pass some ATH.
I am familiar with Bitcoin since the price of bitcoin is still under $3000 and I once owned around 10BTC or maybe more and sold it around $4k-$5k.
If hold up until now and have a Diamond hand of course there will be many advantages in my hands. But being a diamond hand is very difficult.
The capital part is one of the hardest parts when you are not a rich person. I believe that I have "diamond hands", which is basically the fact that I do not ever feel the need to sell my coins, not when they are down, not when they are up. I didn't sell when I made 10x profit, I didn't sell when I lost 50% of that, and I am not selling now and I never felt the need to.For the challenge of being someone who has diamond hands and is full of patience for years, it seems that it does require a strong mentality and with capital that really won't be used for anything other than Bitcoin investment. It's hard to hold onto years and pass some ATH.
I am familiar with Bitcoin since the price of bitcoin is still under $3000 and I once owned around 10BTC or maybe more and sold it around $4k-$5k.
If hold up until now and have a Diamond hand of course there will be many advantages in my hands. But being a diamond hand is very difficult.
However, previously I had situations where I needed to sell it, for some personally reasons. The fact is that I may save money every month, I may not need that money, I can feel like that money is money I can afford to lose and move on, then life happens and a sudden very big expense comes along, and you spend it all at once. That is why going from pleb to rich is so hard.
and the answer I will give is that I or most people still can't fully accept bitcoin. Bitcoin is only a speculative digital asset and only holds or buys when the price is cheap in our opinion and sells it if it makes a profit.
For the challenge of being someone who has diamond hands and is full of patience for years, it seems that it does require a strong mentality and with capital that really won't be used for anything other than Bitcoin investment. It's hard to hold onto years and pass some ATH.
I am familiar with Bitcoin since the price of bitcoin is still under $3000 and I once owned around 10BTC or maybe more and sold it around $4k-$5k.
If hold up until now and have a Diamond hand of course there will be many advantages in my hands. But being a diamond hand is very difficult.
The capital part is one of the hardest parts when you are not a rich person. I believe that I have "diamond hands", which is basically the fact that I do not ever feel the need to sell my coins, not when they are down, not when they are up. I didn't sell when I made 10x profit, I didn't sell when I lost 50% of that, and I am not selling now and I never felt the need to.For the challenge of being someone who has diamond hands and is full of patience for years, it seems that it does require a strong mentality and with capital that really won't be used for anything other than Bitcoin investment. It's hard to hold onto years and pass some ATH.
I am familiar with Bitcoin since the price of bitcoin is still under $3000 and I once owned around 10BTC or maybe more and sold it around $4k-$5k.
If hold up until now and have a Diamond hand of course there will be many advantages in my hands. But being a diamond hand is very difficult.
However, previously I had situations where I needed to sell it, for some personally reasons. The fact is that I may save money every month, I may not need that money, I can feel like that money is money I can afford to lose and move on, then life happens and a sudden very big expense comes along, and you spend it all at once. That is why going from pleb to rich is so hard.
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