Topic: Control your trading emotional outburst and get yourself together! - page 6. (Read 888 times)
April 24, 2021, 01:16:03 AM
for the fact it was sudden made people to panic especially those that its new to and there wasnt a concrete reason for the drop. its one the things that you have deal with, dip is an opportunity to fill your bags but people dont use it well. people only buy when its pumping thats why they panic most times after a little drop. we are still amidst the bull run but people need to watch carefully.
April 24, 2021, 12:13:17 AM
I am very shocked after seeing the forum full of stress in terms of Trading the bitcoin or other altcoins. When the crypto went down by 25% or more (some alts 50%+) everyone seems to be in pain and are confused right now.
We're still in a rough situation and lots of cryptocurrency that exist in the market does a big nosedive. It would not be surprising that a lot of members are experiencing panic attack and much worse having suicidal thoughts as I am writing this. It's really difficult but the most important thing we need to remember that even if we've lost a large amount of money in trading and in investing, our mental health is of the utmost important at the moment.You may refer to these suicidal hotlines and you can dial them based on which country you currently reside .
[1] https://en.wikipedia.org/wiki/List_of_suicide_crisis_lines
April 23, 2021, 11:42:41 PM
Can't blame them fully but they have a part for their failure, they panicked and I believed that every price drop is a test of faith that bitcoin has to filter out the real investors that deserve the big profit. I believe what @so98nn says, it is a opportunity to buy some bitcoin since the prices are lower.
April 23, 2021, 10:30:41 PM
Hey community, I am writing this stuff just to make everybody calm and get their stuff together!
I am very shocked after seeing the forum full of stress in terms of Trading the bitcoin or other altcoins. When the crypto went down by 25% or more (some alts 50%+) everyone seems to be in pain and are confused right now.
The reason:
1. Many of you lost huge investment
2. Some of them were just entering into the crypto when it was ATH
3. Most of them were doing the regular day trading stuff and lost it all in blink of an eye.
4. Everyone is suffering in the COVID situation and are looking for way out to earn some extra stash here.
5. No-one knows the real reason behind the enormous drop!
Yes, yes, I get that rage of loosing money. I have myself lost more than 50% fiat in the process of trading DOGE, TRX, and little portion of BTC that I earned from the odd jobs after ripping of myself day and night.
Lets Get it Together:
Please understand that the price drop is not planned strategy of whales or rich peoples around the globe. Even the richest did not see this one coming on their way.
The main reason behind the drop are as follows:
1. China mine coal explosion
2. Total blackout of electricity affecting the Bitcoin Mining Operations
3. Drop in Hashrate as much as 24% thus mega effect on blockchain confirmation
4. Most of the transactions are stuck on the blockchain and thus the movement of money has stopped (progressively).
The NETT effect is simple, chaos in between traders, dropped confirmation tending to dropped transactions thus creating the lesser volume over the period.
This made the crypto to go down or basically run with less power than its original one. (layman language)
STOP PANIC:
For these valid reasons we must not be feared of the current situation and just enjoy the dips that we are getting. If you are capable of invetsing more money then this is the time you should do.
OPPORTUNITY
I recall all those people who used to create the threads " I wish the price of BTC was lower than this", " I wish the price will drop soon so that I can buy more".
Now this is your turn where you should invest your money. If it raises one more time then please don't create the chaotic threads regarding the cheap BTC prices opportunity. You have it, you should grab it..
I am very shocked after seeing the forum full of stress in terms of Trading the bitcoin or other altcoins. When the crypto went down by 25% or more (some alts 50%+) everyone seems to be in pain and are confused right now.
The reason:
1. Many of you lost huge investment
2. Some of them were just entering into the crypto when it was ATH
3. Most of them were doing the regular day trading stuff and lost it all in blink of an eye.
4. Everyone is suffering in the COVID situation and are looking for way out to earn some extra stash here.
5. No-one knows the real reason behind the enormous drop!
Yes, yes, I get that rage of loosing money. I have myself lost more than 50% fiat in the process of trading DOGE, TRX, and little portion of BTC that I earned from the odd jobs after ripping of myself day and night.
Lets Get it Together:
Please understand that the price drop is not planned strategy of whales or rich peoples around the globe. Even the richest did not see this one coming on their way.
The main reason behind the drop are as follows:
1. China mine coal explosion
2. Total blackout of electricity affecting the Bitcoin Mining Operations
3. Drop in Hashrate as much as 24% thus mega effect on blockchain confirmation
4. Most of the transactions are stuck on the blockchain and thus the movement of money has stopped (progressively).
The NETT effect is simple, chaos in between traders, dropped confirmation tending to dropped transactions thus creating the lesser volume over the period.
This made the crypto to go down or basically run with less power than its original one. (layman language)
STOP PANIC:
For these valid reasons we must not be feared of the current situation and just enjoy the dips that we are getting. If you are capable of invetsing more money then this is the time you should do.
OPPORTUNITY
I recall all those people who used to create the threads " I wish the price of BTC was lower than this", " I wish the price will drop soon so that I can buy more".
Now this is your turn where you should invest your money. If it raises one more time then please don't create the chaotic threads regarding the cheap BTC prices opportunity. You have it, you should grab it..
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