Topic: Current scare affect the decision making of starters. - page 2. (Read 273 times)

It seems not to wonder and I understand why because if you are also in their position, fear and worry could be in your mind as well. But because we are already exposed to this kind of situation, we know what we are going to do next and that is to hold and calm.
Perhaps they will know when they will find it and if they'll think differently. Many newbies have already done the research, they are new yes but their understanding is quite huge already. This is a huge advantage when you do a dip research before investing in something. It is very important and for us not to get surprised by whatever will happen in the market.

I remember the market was literally dead when I joined Crypto, i.e. in march 2020. Covid was going on and the prices literally dropped a lot. And I actually thought that Cryptocurrency or Bitcoin is about to die. So I didn't bought it for the next 2 months and then, I bought in. I am lucky that I was able to buy before a massive bull run. I had never seen something like that happening in my life. Like some coins were literally 100x. Yes, 100 multiplied by your investment. Bitcoin literally went 20x within a year and half. Bull runs are crazy.

Any newcomer in the crypto market who invested in Bitcoin will surely be scared of what is happening around the Bitcoin market. Imagine if a newbie bought a Bitcoin last week and the dump that happened recently will make that newbie think and question himself about buying Bitcoin at the wrong time. This is why as a trader you are not expected to go all in when buying Bitcoin, you can divide your funds into two parts and use one part to buy Bitcoin and the second part to buy when the Bitcoin price dumps more. We must know this in our minds after the bear market comes the bull market.

Most likely it's going to be a big lessons for them, I mean, if you are a starter or beginner here, you are going to be scared to see the price going down to $25k. However, if you are going to closely analyst it, well it's a good thing that this happen this downturn.

For once, the price is going to be cheap and at a discount, second, as I have said, learning curve here, you are going to ask yourself whether to buy and what you are going to do? yes, you are going to HODL on it. So that is another lessons, you need to be a long term to be able to make money in the next bull run.

Lower prices are like bonuses for anyone looking to buy, so any starter who gets in when the price is low or dropping is quite lucky cause they can get some bitcoins fo less dollar bills. Everytime is a good time to buy if the asset is a good one, but buying the dip is far more beneficial in the long run.

Getting in when prices are low also indicates that you're not solely influenced by the price or fomo around it. Such people are more likely to make a better decision than others.

Edit; this is my post number 5000 
Been an amazing short chat with you all.

Not only newcomers, but even those who have been here for a long time and have not learned their lessons or observed the market closely. There's only one simple principle that I always follow, and I'm consistently profitable with it: buy when the market dumps and sell when the market pumps. This process occurs frequently in this highly volatile market.

The thing is, if people panic, the price becomes cheaper, and that's when whales take advantage of their influence. Later, they can easily pump the market to make quick profits.

So what? OP, do you care about newcomers' decision to be so nervous and, with some market turmoil, to panic and dump their holdings? Only the strongest will remain on stage. Sometimes it seems that this is precisely what such volatility works for—to shake off newcomers. How will these people know they made a mistake? Only when they see the growth of Bitcoin, but their reserves will be at zero. Maybe some who are very hesitant will sell everything, but others will get a good experience and understand more about the value of Bitcoin.

We all started as newbies and all had fearful feelings when we were newbies. We must be in the market long enough to witness many market crashes together with fud and also witness market recoveries later to understand that fud does not kill Bitcoin and Bitcoin market.

After having enough experience, we will become more calm when facing with market crashes and FUD. With our experience, we will be smarter, less greed and if we don't have opened positions with leverages, future tradings, we have better ability to be calm against market massacres. No education is enough and can help a newbie quickly gets that emotional and psychological control, it takes time and own experience.

In my opinion, the easiest thing to do as a beginner is buy bitcoin, hold your bitcoin, and learn more about bitcoin and cryptocurrency.
Forget about all the downtrend in the bitcoin market for now; it is just a matter of time, and everything will be ok.

Currently, the bitcoin market price is experiencing a decline, which is sure to shake the minds of beginners a little. But actually, if you look at the potential for bitcoin in the future, I don't think you need to worry or worry. Because it is certain that the market price of bitcoin will rise again. Moreover, in the next year bitcoin will face a halving cycle, and after that it is usually followed by a bull run market which is bound to happen. So basically beginners who are investing in bitcoin don't need to worry about the state of the bitcoin price which is currently experiencing a decline. In fact
the price decline that is happening to bitcoin as it is today, can be used as an opportunity to buy bitcoin again, which is then held for the upcoming bull run market.
Yes, you are absolutely right, when the bitcoin market is experiencing a decline, usually beginners who don't know the potential of bitcoin in more depth, there are two possibilities for what they will do. The first possibility is that he will sell his bitcoin assets, because the fear will go down. Then for the second possibility there are those who survive to hold on to the bitcoin assets they own. But for now, I'm sure most beginners won't make mistakes, such as selling their bitcoin assets at a loss.

"Newcomers to the cryptocurrency market are often like half-baked cookies- So, fellow half-baked cookies, embrace the learning curve, keep your stash close, and remember, even the best cookies sometimes need a bit of time to get that perfect golden brown!"

Can't blame starters to get scared about the current condition of bitcoin since no one like to see how the market move in negative direction but they should know that there are some ways that can make them avoid losses and that is.

In my opinion this is the few best things that need to consider.

Hodl since the only thing they lose is the $ and not the volume bitcoins still 1:1 ratio so this is best to do.

Decision making is also critical since we need to see each situation will occur and if we rush to decide without even thinking the whole point for sure we can lose our funds on simple mistake.

Fund management if they can able to grab for another funds they can set aside their funds experiencing some down turn and use an extra money to play with the market again and earn.

Proper researching by checking data's and news since this is helpful for us to learn.