Topic: Do not panic. Everything will get better - page 20. (Read 5397 times)

2 days the market continues to rise, and now the price of bitcoin has reached $21k, this makes us more optimistic that bitcoin still has a chance to skyrocket again, this is what distinguishes newbies and professionals, when prices drop, newbies will sell because they panic and lose while the professionals will continue to buy.

but that's the process, where we will experience a difficult phase to control our psychology, and will decrease as we have experience in the world of cryptocurrency. so don't be in a hurry to invest directly without knowledge, it's better to learn first, even though you're not smart at least we already have the knowledge and we start investing. things like that will be a very valuable experience for us, so try not to repeat it like in this situation

I just read an article on what are the alternatives to cryptocurrency that offer attractive long-term returns. I would like to share what it offers to us.

Cryptocurrencies are highly volatile and speculative, and many investors don’t feel comfortable putting much, if any, money in them. The good news for investors is that they have alternatives to cryptocurrency that offer attractive long-term returns:

Individual stocks. If you’re willing to do the analysis and continue tracking the company, you can make very good returns by investing in individual stocks such as Amazon or Apple.

Dividend stocks. If you’re looking for a cash payout as part of your investment, you can buy dividend stocks. These tend to be less volatile than stocks overall.

Index funds. If you don’t want to do the work of finding individual stocks but still want high returns, then a good alternative is an index fund. An index fund owns stocks or other assets and is designed to track a specific collection of stocks (such as the S&P 500).

REITs. If you’re looking for a healthy cash payout, REITs are another alternative to dividend stocks. REITs own and operate real estate and have a good long-term track record of returns. You can even buy a fund, so you don’t have to pick individual REITs.

Those are some of the highest-potential alternatives to cryptocurrency.

Source : https://www.google.com/amp/s/www.bankrate.com/investing/bitcoin-and-crypto-crash-what-investors-should-do/amp/

When we are still a noob then we do really have this kind of behavior on which we do panic sell whenever we do see the price is declining which if we do think off sensibly then it is really just dumb action to be done since we know that recovery  is always next in line but once we do able to gain experience then these kind of behavior and mindset will change overtime and made out some realization that's not how market works or actions should be made on these times.Once you do have the experience and awareness about this market then you do know on how to handle up yourself into these kind of times which it might not be easy as it
sounds but it wont really be that hard on making out immediate steps according on what you are currently experiencing or facing on.

speaking of panic this reminds me that in the past I would panic as soon as the price dropped a lot, it was something that today I can't even believe I did that, as soon as I saw that the price was dropping a lot I started selling because I thought that the price would drop to zero, I know it's meaningless but at the time I didn't realize it and to be honest I just bought without doing any technical analysis and without having any strategy on where to buy and if the price drops what should I do

I'd certainly looking forward to seeing Bitcoin and the entire market will be pumping soon as long as we keep our strong support. Buying is indeed one thing we can do, selling could be an option but this never it helps for the recovery, yet this it pushes more to the dip and prolong the recovery. While we are in a dip situation, taking advantage of buying more is a great idea rather than doing nothing or just losing the opportunity that we think of during Bullrun.

Buy the dip, buy the dip - then to say I'd change my mind...lol

Bitcoin price has increased a bit but i must say this is still a good buying moment. A lot of bitcoin enthusiasts have been waiting for this big opportunity to increase bitcoin in their portfolio so let's not put it to waste. Buy and hold, as its the best thing to do. Or do DCA as its always helpful if you want to buy at bitcoin's cheapest value. While others are building their wealth in this bearish market, others have been blinded by fears and leave the market instantly. And what's most frustrating is when they start coming back in the market ready to buy when the market is already bullish, and bitcoin is already very expensive by that time.

Yes they won't be a thing in the past because if they are then we won't be seeing them up to this point. A clean-up is better than nothing because at least the number of them will get lessen and I can't imagine if they will just stack. What will this market look like? but for sure lots of money are going to get burned away. Who assumes that everyone is panicking? and why worry when it's only just an assumption.

In this space, we have so called veterans. They have lots of experience and knows what to do in this kind of situation and if there are bad actors maybe they just want to scare the public? And then they will take the advantage of buying once the market dumps more.

In answer to the title of topis I can would say that's pretty much easy to say but hard to do at the current situation to hold and buy bitcoin especially when we don't really know where is the real final bottom of the price this can be scary especially for the newbie when they enter the market without of any proper plan. Usually, when this situation happens in any market the investors will become under pressure to sell because some of them invested the money the ned and now they need their money to get out of the market while their money losing the value, I saw many people in this situation. While the wise people will stop checking the market and instead will just put the buy orders at different price levels.

People will learn their lessons fast if they go the route of borrowing money for this market.
Because in lending, there are terms to follow, and if you can't meet, there will be other penalties.
As this market is very volatile and unpredictable, it is hard to know if you will be in profit by the time you need to pay your dues.
So if you do really want to invest here, better use your own money. You will be in deep trouble if you will loan money from others.

It's a pity, that people borrow money to invest in the crypto market so that they can maximize their profit. Although no one knows what will be the next move of the market. But still, they invest money on the basis that "they think the market is going is ready to go upward" doing so is very wrong.

Put only that much funds which you afford to lose/whiling to risk on. So that if the market goes in the opposite direction even then your life should not have negative effects.

 In the current situation. There are some traders who are giving away their coins and token sells with extra pressure due to the continuous decline in the price of BTC. I saw them and small traders were selling them. This is the time to buy tokens because BTC will not always be the same. The price of BTC will increase. And the main thing is that all tokens and coins depend on Bitcoin. When the price of BTC goes down, the price of all tokens goes down. But when it starts to increase, the price of token increases less. Because hold is gold.

Instead of buy. It is wiser to hold-on for a new trend. The bears aren't exhausted yet  prices will likely be pushed down further in coming weeks. This is a point in the market where you just scalp and take small profit and move on. Except for investors who can hodl on no matter how far the bear keeps pushing the price bearish. The bear are in charge of the trend now

This is just a part of the crypto cycle and just like what happened in the previous years, the market still recovers and the situation of potential coins still gets better. There are just negative events that are affecting the market so it has to go through this season. Having a positive mindset and investing in bear market-resistant projects would be the best things to do. However, not all altcoins will survive this market crash so be careful in investing and always choose projects that have a strong foundation.

Don't gamble or take big financial risk though. And it's advisable to only invest in safe, useful and unique projects.

The current plan is to make sure that prices of all false projects are detached from the price movement of the Main. It is important to break their interconnectedness or weaken the links.

Agree with you 100%, we need to hold patience and think positive, better days will certainly return. All what happened with all financial markets is not happened first time, we had recessions and depression in the past but eventually they came to an end and things got better. I think 17K was the bottom of Bitcoin. Since oil prices have started coming down which will certainly reduce inflationary pressure and market sentiment will improve.

Well, like I've said before in one of my previous post, one of the major reason or cause why people panic when there is a price drop on Bitcoin or any other crypto asset is lack of adherement to the rule which states that "one should only invest as much as they are willing to loose".
It is true that no one wants to loose their money no matter how small, but having this mindset that what ever you are investing is an amount you are able or willing to throw away gives one peace of mind, it makes hodling easier when most especially when hodling becomes the only option so as top avoid panic selling at a loss, because money invested in this case is money that wasn't going or meant to be used in a shortest timeframe, so it doesn't really affect the investor when the market turns bearish because he or she has funds available to fall back on.

But people wont listen and continue to invest their lifesavings and expecting some quick profit, but when the market moves against them, it becomes a big problem for them which is why we've been seeing a lot of posts or threads rather, on the topic of Bitcoin price since the price decline started.

Each discussion aims to find a solution. There are people who only follow the discussion by reading. When the direction of the discussion is good, then we will definitely take the good to be used as useful lessons. Those of us who are active on the bitcointalk forum are very lucky, but what about people who are not involved or not registered here?

If those of us who are active in this forum are still selling assets when market conditions decline to the lowest price like yesterday, then we need to be reminded often with discussions like we are currently doing.

Yes - I agree with it. We want to gain money and then we end up in nothing.
So its better not to lend money. I have my rules set straight - I don't lend money and I don't borrow money.

The other day I heard sad news from my friend that he is borrowing from various sources from relatives and now cannot pay. Even though he has also been in this market for many years, I feel the temptation of money and wealth is scary. For many people, there is no end to the satisfaction with what they earn and then fall into financial debt. For me, the balance in life as well as investments requires thinking more carefully when you act. It will affect your life as well as your family's. Through that friend's story, I also hope many of us also need to re-evaluate what we are doing with this market.