Before and after bull run. | Bitcointalksearch.org

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

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Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

Not only before, and after the bull run, but every day. We need to keep in touch in our family members especially when it comes to investment. I don't know if it's good for me, but I don't have any close relative that's involved into crypto as of this moment though I know some of my relatives who are into investment, they aren't that close to me.

Anyway, it would be better to just teach them what can happen during a bull run, and a bear run as well so that they will not commit heinous crimes, or do anything bad because their investment is down by a huge percentage. I've heard some news regarding investors who are unfortunately committing suicide because of their wrong decisions. A quick google search can give you many articles regarding them.

Like what others said already, thanks for sharing your advice. This might help 1 or 2 users here, and change them in a positive way.

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Before and after bull run , please keep in touch with your relatives who are into bitcoins/Cryptocurrency. We have heard of cases of people commiting different kind of crimes due to bear market hitting them unprepared.

I think we are being unfair to always expect the markets to keep going up without sweeping lows where liquidity lies to gain momentum to make new high's. As a matter of fact if we want greens be prepared for the Reds as this world everything comes in pairs!!

Though you caught me off guard as I haven't seen or read about these crimes that come from crypto investing and the bear 🐻 market. If this is the reaction we get after a bear market then investors need to treat this as an investment they are willing to lose though technically you won't lose your coins.

Quote from: Forever101 on October 08, 2023, 05:20:54 PM

No matter how prepared everyone can be, there are people who will keep holding until the bear market strikes.

These are the hodlers that get rewarded handsomely for believing in crypto in the bad and good times as they show they have the nerve and guts to hodl and remain unshaken nomatter the circumstances!!

Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

Timely advice that needs to be echoed more!!

Especially that we have read of suicides in the past leads me to believe this could save a life, thanks for the advice !

Winterfrost

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This is something that should be taken consideration. I must say OP you have done well to remind us to check on our loved ones especially those who are into cryptocurrency and have invest little or a lot into. Also there are other ways to help keep them informed so that they wont go through their hard time's alone. It is obvious that during this time a lot of persons are panicking since Bitcoin the pioneer of the cryptocurrency market has dropped down less than 25k. Some persons are speculating that it might even go below it but none its certain. So its the right time to convince your friends that this might look like a dip but there is a tendency that the market will retrace and in the future. If they don't have money to buy more or they are scared of buying then you should advised them to hold.

I believe this period is a test for patience. Only those who truly trust and believe in Bitcoin will overcome. Since you have learnt a lot from the forum, you can share your experiences with them or its even better you introduce them so that they can learn with you and see other Bitcoin enthusiast, that alone will boost their confidence and they wont feel alone in the crypto world.

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Quote from: Forever101 on October 14, 2023, 11:32:25 PM

You know what humnans are, humans are greedy for money, there are people who had heard about the fortune others have made through crypto, telling them to stay away will be nothing but joke. So it is best to keep in touch to avoid story that touches the heart. If you ask someone to stay out of crypto then the person now heard about the new bull run that brought wealth to many , what do expect the person to think of you. Not everyone can take such advice , so in that case , you don't have option than to reach out to them. If you take gamblers as a case study, they are very hard to stopped from gambling because they keep hoping for a win

Things related to money will always be of interest to many people and if there is advice that calls for staying away from money, I don't think anyone will want to hear it because basically everyone works to make money. So the advice to stop working and stop earning money will forever be ignored and even laughed at because all humans need food after they earn money. So there is no need to advise other people not to use crypto and the like if those things are related to money and income for many people.

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So how is anyone going to know if someone living next to them could commit suicide because of crypto investment? This is stupid, are you going to keep tab on every living beings in the world I don't get it, we should be talking about risk management, anything can go to zero in crypto space and even in the world off the internet.

People who take their own life because they lose money used money that they aren't ready to lose, it's either they are greedy or they just don't have the risk management knowledge, what could possibly go wrong if you use a certain amount of your total income to take risks of crypto assets?

I use 10% of my income to invest and even if I use more I am always ready for the worst, this is me, this is how I do my things and I am ready to start from the beginning again, I was trained this way, I am a risk taker by blood, but I will never take my own life because of money, it's not the end of skills that we can learn and earn with, many people have rise and fall and they still get up again, it's pointless to take your life because of money.

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Before and after bull run , please keep in touch with your relatives who are into bitcoins/Cryptocurrency. We have heard of cases of people commiting different kind of crimes due to bear market hitting them unprepared. No matter how prepared everyone can be, there are people who will keep holding until the bear market strikes.
No matter how prepared we can be, there are people who will loose their funds in one way or the other. We can not fully predict what to expect but we should try as much as possible to be in touch with relatives before and after bull run.
No life is worth loosing for any reason, the bull market and the bear market ahead should not be the genesis of another disaster.

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

I mean there are a lot of cases like this but mostly it is because they are really gambling on something like investing in a very high-risk reward project, there are some cases in the DOGE coin era, or when a mem coin was launched investing a huge amount on this tokens was obviously not a good idea and for sure a big gamble, also there are some futures trader having very big leverage as well is going to be very risky even though it is Bitcoin or whatever currency it is leverage trading is a big bet so I dont really recommend it especially if you are going to trade all of your funds, which is probably one of the mistakes these people do is just putting everything on one basket, like YOLO something like that which really going to depress them leading to cases of suicide.

Just imagine saving your whole life and then you're just gonna put it on a gamble just like that, I mean for sure it is going to be huge and could probably change their life if they actually win it, but it's also going to be the opposite if they lose, its not worth the risk since it's going to be really difficult to recover from that. I wouldn't even recommend investing if you don't have the financial foundation.

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Quote from: Franctoshi on October 14, 2023, 02:09:29 PM

I don't really buy the idea, I think the orientation should go this way, If you are not mature in mind to take investment risk then you have no reason to even start investing in cryptocurrency in the first place, there are other investment opportunities out there you can get your hand into aside a volatile market like the crypto, Too everyone doesn't need to invest in cryptocurrency, if you can't withstand the heat you should avoid the kitchen. There are some of us into crypto that our families are not even aware of our dealings with crypto, because they choose to keep it out of the family's awareness. But a mature-minded investor would know how to handle bad situations like that.

You know what humnans are, humans are greedy for money, there are people who had heard about the fortune others have made through crypto, telling them to stay away will be nothing but joke. So it is best to keep in touch to avoid story that touches the heart. If you ask someone to stay out of crypto then the person now heard about the new bull run that brought wealth to many , what do expect the person to think of you. Not everyone can take such advice , so in that case , you don't have option than to reach out to them. If you take gamblers as a case study, they are very hard to stopped from gambling because they keep hoping for a win

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

I get it when you say keep in touch with our families but, do the bear market or bullrun really creates conditions that could lead to lose of life?
Maybe if your invested in altcoins or some scam projects, I’ll agree as most of goose projects are always schemes of scammers and self proclaimed professionals which could easily go to shit, Altcoins as well, they could dump and never get a second chance at anything grate but, with Bitcoin it’s a whole different story.

Bitcoin has got some assurances on it and even with the biggest disappointment in a bear market, its significance is only as you make it in not having to sell. Bitcoin is sure to pump in value with time and as such, having your hodlings doesn’t stagnate its values but ensures you experience what ever happens with price fluctuation.

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Quote from: Marykeller on October 10, 2023, 03:53:37 PM

Anyone who is into crypto should at least have an idea of what he or she is into. The time to hodl and time to sell at profit. Anyone selling at a profit should have a target price he or she will sell to a profit.

As the bull run is coming, the majority of crypto investors have taken into account the price they are going to sell their bitcoin investment at a high price and many are looking forward to that in 2024 or 2025. Anybody that misses that opportunity by then will have himself or herself to be blamed.

We all are waiting for that period indeed, and that's why most big whale investors in the market are currently stockpiling their portfolio with lots of crypto. This particular period is the period when people are actually looking for big dips in the market price so that they can actually buy and get as much BTC or other coins they can get their hands on before the major bull pump up.

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The first thing you must learn before investing in crypto is: don't invest in something you can't afford to lose. We may don't know who is investing in cryptocurrencies because everyone doesn't share it. A few days ago, one of my relatives came to me for cryptocurrency suggestions. Before they come, they have already lost some funds in Pinzi. If I was aware before investing, I could prevent them. So I explained to them the truth about crypto. If we don't know, we can't help anyone.

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Quote from: Mate2237 on October 10, 2023, 03:01:29 PM

This is good advice but when those things happened, you would not be awared and so the best way to avoid such incident is to encourage them and orient them the advantages and the disadvantages of bitcoin and everything involved in the bear and the bull markets so that when it occurs, they will not shake or panic again. Lack of information also cause this things to happen.

If someone has like 3 BTC and sell it in the bull market and in the bear market he invest 2% of the profit again against the next bull again and that is how to do invest so that you will not collapsed after the bull market.

This is the reason why before we enter into bitcoin investment, we already gained prior knowledge about bitcoin and the whole stuffs about bitcoin, including its bearish and bullish effects that will definitely trigger the investors who are not knowledgeable on it. Investing in bitcoin is a very good opportunity to be in profits, but if you are not aware on how to deal its market season and changes, you will definitely see yourself panicking in the end.

Franctoshi

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I don't really buy the idea, I think the orientation should go this way, If you are not mature in mind to take investment risk then you have no reason to even start investing in cryptocurrency in the first place, there are other investment opportunities out there you can get your hand into aside a volatile market like the crypto, Too everyone doesn't need to invest in cryptocurrency, if you can't withstand the heat you should avoid the kitchen. There are some of us into crypto that our families are not even aware of our dealings with crypto, because they choose to keep it out of the family's awareness. But a mature-minded investor would know how to handle bad situations like that.

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

What? I haven't heard of any such incident ever, Also what kind of thread it is? sounds like some awareness thread but why the content in it is more referring the risk management and profit Booking only? The important part is most of the time when we get involved in any market we use it to express our experiences with our close ones so there is no need to hesitate to tell anyone that you're in crypto whether you're doing well or not.

Excitement can lead to unusual acts but still, I don't think a person who books X amount of profit from Y amount of investment will drunk (It's Haram first of all), drive recklessly, etc. If he's a trader and booked profit in any trade I'm damm sure he can control his emotions and if he's an investor he'll have a good investor quality as well, because he entered the market and he was expecting profit and he's not a psychopath to coming of such offensive move in just excitement for the upcoming scenarios he'll be aware of it already.

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

It’s always important for us to educate who ever that is close to us to be vigilant of crypto news, many people always fall victim of buying bitcoin in a bull run and most of the time it’s always when the bull run is coming to an end which always makes them to record lose and run into high blood pressure due to the unexpected bear market.

And I have always been trying to reach out to my crypto friends which are bitcoin holders so as to advise and encourage our self because bearish market always comes unexpected and sometimes it hit us very hard which we really don’t need to pass through that alone so we have to talk to each other and encourage our self not to sell now that the price have dropped down in other for us not to record lose but we have to wait till bull run again.

Sometimes the bearish market cause some heart break to us which can really lead to one taking had decision either selling at that moment or falling into coma or sometimes taken their life as they think their life have comes to an end, thanks for this thread and if people can take it serious to be checking on one another it will really save a lot.

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

No matter how prepared we can be, there are people who will loose their funds in one way or the other. We can not fully predict what to expect but we should try as much as possible to be in touch with relatives before and after bull run.
No life is worth loosing for any reason, the bull market and the bear market ahead should not be the genesis of another disaster.

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

A person changing his behavior after trading doesn't suit a person, trading is something else. For example, if a person is having some problems in marketing or he has some problems in the office, he will change his behavior with his family due to these. If not, then why someone is changing it in the case of trading because he is also losing money in office or his marketing, and also the same he has a loss in trading?

If someone has a loss in trading, it doesn't mean that he can't do further anything, he has a big life ahead, and he should concentrate on different things in life. As trading is not the only thing that he thinks is, there are many more things like we can say he should invest in some other business.

Drinking, driving recklessly, etc if a person doing all these things didn't give him any benefits it creates an impact on his upcoming life. This will badly affect his connection with his relatives and the person will be degraded. So, we should always think before we are going to take a step further.

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The most important thing is not to invest that much money that may damage your health. Do not invest that much money that you cannot afford to lose. Usually bull run does not affect negatively. So, I am not sure why are you suggesting people keep in touch with friends who have invested in crypto. If someone invests the amount that they cannot afford to lose, they should not invest that much money. If you mean they invest in the bull run and then they lose their investment after the bull run, that's a good concern. But if you know your friends or relatives invested in crypto, you should ask them to take profit during the bull run.

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We really want to stay in touch with our family, but if they keep busy with the things they like and don't want to keep in touch with us, we also can't force them. And it's common in bear markets for people to disappear and not be heard from.

And later, after the bull market, they showed themselves to us again while showing their profits. We have experienced this for several years and it has become a habit for them. It's up to them because they may want to hide their losses from people and thus choose to act that way.

There are also many people like that in the WhatsApp chat group, which makes the chat group feel quiet. But during a bearish market, they hide themselves to accumulate their investments to focus more on getting big profits.

pawanjain

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While that is a good advice it's hard to control everyone. You never know what one's going through.
Emotions are hard to control and if you know someone who can't control their emotions then you should try to keep them away from crypto.
Crypto is volatile AF and if someone can't control their emotions then they are better stay away from it.

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Quote from: JeromeTash on October 08, 2023, 05:49:56 PM

Or maybe the best thing you can do is get them oriented into Bitcoin, investments, the downsides of investing, risk management and how to keep at the top rather than just "keeping in touch" with them Wink

Humans are not like dogs, you can't keep them on a leash forever.

Yes, I agree. Tell them the reality that bitcoin is a combination of losing and profiting. You can’t expect to gain profits all the time, same as you can’t be losing at all times. Opening their eyes on the facts about bitcoin will help them to be aware in one way or another. Keep in touch with them but most importantly, make them understand to take calculated risks, that’s the only way that they’ll be safer with bitcoin.

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Quote from: Forever101 on October 08, 2023, 05:20:54 PM

Before and after bull run , please keep in touch with your relatives who are into bitcoins/Cryptocurrency. We have heard of cases of people commiting different kind of crimes due to bear market hitting them unprepared. No matter how prepared everyone can be, there are people who will keep holding until the bear market strikes.
No matter how prepared we can be, there are people who will loose their funds in one way or the other. We can not fully predict what to expect but we should try as much as possible to be in touch with relatives before and after bull run.
No life is worth loosing for any reason, the bull market and the bear market ahead should not be the genesis of another disaster.

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more. To those who will see this thread, please keep this words in mind.

In life we should all put in mind that nothing is 100% sure. All business comes with its own risk. I believe explaining about bullrun and bear season to people when introducing crypto to then can help to solve this problem. It will make them to prepare their mind towards the bear season. What kills most people including me sometimes is greediness. One shouldn't learn to be less greedy if one wants to make it real in crypto.

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