Topic: Any tips or suggestions for those who lost many coins? - page 2. (Read 417 times)
My main advice is not to panic and think about the situation calmly. To think about what mistakes were made. In the future not to repeat such errors and act prudently. No need to invest all your savings in bitcoin. This part of the investment should be no more than 30 percent of your capital.
for me the best way to tackle the problem for those who already suffered a lot of losses is to stop investing and holding what they already have in the long run because now the market situation is very unfavorable.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
My tip would be thisAny suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
1. take notes of the wrong things you did then try to avoid them next time
2. Create a strategy then stick to it. You need to be precise and resolved in sticking to your plan.
3. Dont fall in to fake news and FUD.
The price is hovering near that price range again and they could buy in again from the money they got for selling their last hodlings. If this was their first time in the bitcoin market then it was fair to panic but if they aren't new then they should have known that bitcoin is a highly volatile currency and they should always expect that the price could drop anytime.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
As i am not a professional cryptocurrency adviser, i would say you should follow my advice. I would say, invest only what you can afford to loss. Then, invest and be on the crypto information high way. When you get a bad news about crypto, you can rush and sale early. If you are not early enough, just hold. Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
From this lesson we know that panic selling won't give you any profit.
Bitcoin year by year has increased, why would you panic if the price just decreasing ?
Compare it with last year price, you know that the current price still higher.
I believe that you need to invest and act only through proven projects in order not to lose money.
For those who lost so many coins I think some withdrawn their coins already but for some who are at loss because of that recent dip, they mostly are holding their coins now because bitcoin is now trying to recover from that dip. Buy now and just hodl.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
This type of people must be mostly new cryptos investors that got in during the market pump. As an old investor, the global market correction should not affect you much because this is not the first time such will happen and will definitely not be the last. All you need to do is hold on to your solid long term cryptos during the price correction because the market will recover as usual and go back to ATH
Don't go all in, invest an amount which you are ready to lose. And when the chips are down, you don't sell but hodl. People say "I lost money because I sold in panic". Well you don't sell when you are panicking, you just sit still. It is still the best piece of advice, if you can learn it and accept it.
A very obvoius solution against panic selling is not to panic.
You can reach that if you don't invest more money than you are willing to lose.
Another thing that keeps the selling impulse under controle is experience. That is why especially newbies suffer under the panic selling syndrome.
With time people get used to the fact that charts sometimes go down in a rush.
And then, you need to make profit on the way. Sell small amounts on the way up. The knowledge that you have already made a lifftle profit can keep you calm.
You can reach that if you don't invest more money than you are willing to lose.
Another thing that keeps the selling impulse under controle is experience. That is why especially newbies suffer under the panic selling syndrome.
With time people get used to the fact that charts sometimes go down in a rush.
And then, you need to make profit on the way. Sell small amounts on the way up. The knowledge that you have already made a lifftle profit can keep you calm.
For those who have lost their coins, i suggest that you to have be calm and don`t panic sell. Remember this is an investment don`t expect to much that the charts will go up all the time. Weather you like it or not the price will decrease/increase everytime. So you should have to hold your coins until the price will grow up.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Panic selling is really common which make the prices go deeper amd deeper. For people who can not control their emotions i suggest to stop trading and just invest if they still have the gits to do it then they need to stick to their plan to hold it for long term. What happened recently always happen each year so the only suggestion i could give is check the chart history and learn from the mistakes that they have made.
Long term investors had been telling people that bitcoin prices will recover and as of now it is happening. If they have just listened.
I think it's wrong because I made my tokens for sale at a cheap price so much I'm sorry about it so next time it will happen again.
if a person is emotionally unstable he or she in any case will lose more money, and the best thing for them is to handle their investment to a person who is stable emotionally because when emotions interact with trade than it is a huge problem.
Bitcoin had one hell of a ride last year and anyone might have been tempted to invest, it was like the ride would last forever, and newbies who were cutting their losses invested on something because of FOMO, neither technology nor rationale obviously missed to notice that between parabolic uptrends, Bitcoin has gone through some major downswings, be it 2011 or 2013 or this year, but with each uptrend and downswing there is a point where Bitcoin stabilizes than the last one and if a newbie invests on uptrend without having any idea about the following downtrend and next stabilization point, I guess who to blame?
Bitcoin solved the Byzantine General’s problem and at that time its prize was zero, but value proposition was there from that point on. So basically what Bitcoin is today is because that value proportion is gradually expanding. So I guess the advice would be to grasp the zero price value proposition (where you can put the price what you are expecting and value is technologically driven, 9 years, developments, forthcoming implementations) rather than exponentially rising your emotions and then panicking.
Bitcoin solved the Byzantine General’s problem and at that time its prize was zero, but value proposition was there from that point on. So basically what Bitcoin is today is because that value proportion is gradually expanding. So I guess the advice would be to grasp the zero price value proposition (where you can put the price what you are expecting and value is technologically driven, 9 years, developments, forthcoming implementations) rather than exponentially rising your emotions and then panicking.
PATIENCE and FAITH. Have patience if you want to earn profit. Panic selling can only lead to lose. If you want to earn profit, be patient enough to wait for bitcoins price to rise and reach your target profit. Also have faith in bitcoin. If you have faith and believe that bitcoin will pump back after a dump, then you'll stop panicking and just keep on holding your BTCs until it rise up the way we wanted it to be and surely we'll enjoy profits we'll gain from this rise.
First, investing in crypto include risk (those who cant take the risk, cant earn it). That's what I always think.
second, before investing to anything you should know how it works, and learn how to use it (invest what you can afford to lost)
third, Proper Knowledge
Last, Faith on it.
second, before investing to anything you should know how it works, and learn how to use it (invest what you can afford to lost)
third, Proper Knowledge
Last, Faith on it.
Thanks for all the suggestions.
There are many investors who invest in cryptos without proper knowledge how the market works. Most of them got really excited and invest because of they think that they'll get rich instantly( Mostly because of the ads all over the internet ). I think it is better if we all gain proper knowledge first before going to invest as it is very vital. We can't really blame others for selling their coins because there's a lot of people who are spreading bad news about the market which makes it really hard for those investors to be confident with their holdings.
There are many investors who invest in cryptos without proper knowledge how the market works. Most of them got really excited and invest because of they think that they'll get rich instantly( Mostly because of the ads all over the internet ). I think it is better if we all gain proper knowledge first before going to invest as it is very vital. We can't really blame others for selling their coins because there's a lot of people who are spreading bad news about the market which makes it really hard for those investors to be confident with their holdings.
My tip to the people who panic about Bitcoin falling - learn that lesson or go out from cryprocurrency, because what they did - was very stupid.
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