Don't Be Under Pressure To act (Altcoin)

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Wiwo on April 08, 2022, 01:39:53 PM

Very market movement comes with a correction and most time market go side ways just to correct if an investor is not careful you will make a mistake quick sell-off which can impact your holding. But in all I will say one should have a steel hand to hold no matter the market situation.

You can observe this if you are watching the market movements everyday. The big movements usually start of suddenly during a rather quiet portion and then the small fries start following it eventually making that a prolonged movement. This usually follows either sideways movements or a corrective movement, with gradual same direction movements occurring at times.

Quick sell-off can be profited if they buy back at even lower prices. These backup techniques should be kept in mind while trading. Buying low and selling high does not mean that the order of the two have to be followed, you can sell at high and then buy at low too.

After all, being able to hold through thick and thin pays off in the long run, so either way, you need to be patient, not pressured.

Jackl87

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Quote from: Wiwo on March 18, 2022, 02:03:04 PM

The year 2022 has been one hell of a year where many altcoins have been on the downtrend and recently the entire cryptocurrency market have faced a lot of pressure from the market, But this week have brought with it some form of relief as the market is beginning to pick even in the face of war and cryptocurrency serving as an alternative means of financial transactions where there are traditional restrictions resulting from the war.
Don't Be under pressure
At this point, the altcoin market is beginning to witness huge traffic from new investors and the recent grave is the NFT Metaverse which has brought with it an entirely new experience, we most are careful and not to be under pressure to act either adding to our assets or letting off some from our bags.

I mainly invest into new and upcoming projects that i like because i am part of a few launchpads and i am doing that since 2020. I have to say that my portfolio value was really looking great back in may 2021 where i was like at a x100 of my initial investment. Then of course the bear market began and of course as usual the price of the small cap altcoins dropped way harder than the price of Bitcoin or Ethereum. That is also the reason why my portfolio is down more than 90% now in comparison to it's ATH back in may 2021. So yeah i am kinda bummed out now but i also hope and i am also quite confident that there will be another altcoin bull market again where also the smaller cap altcoins will rise again.

ItsCrafty

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Quote

Volatility is the market's characteristic so we should learn how to deal with it all the time.

This habit is very common in newbie beacuse they don't how the market work. They entered in market to make short term profit. Some entered bullish season and buy coin in ATh . When market down 10% they start panic selling. I think spot user should not be panic because market up and down show us many times that all coin will again Hit ATH but will took some time.

Wiwo

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Quote from: Cling18 on April 08, 2022, 11:46:03 AM

Quote from: bitcrystal on April 08, 2022, 11:08:25 AM

It's a time to build your patience, there is every possibility that if you sell now at loss you might be buying at higher price later. So don't panic either you are newbie or an old investor as long as you didn't borrow to invest or invest more than you can afford to lose or invest in a project that you are not confident of continuous development and success. A quick way to make profit easily even on dips If it goes lower than your entry price then add more to your bag, with DCA and take profit as the market moves. You will be fine eventually.

Corrections and dips like this usually happen so if you're a holder or investor for a long time, then this scenario would be familiar to you and you'll know how to deal with it. In cases like this, panicking will only cause you to create wrong decisions especially if you would let your emotions handle everything. Volatility is the market's characteristic so we should learn how to deal with it all the time.

Very market movement comes with a correction and most time market go side ways just to correct if an investor is not careful you will make a mistake quick sell-off which can impact your holding. But in all I will say one should have a steel hand to hold no matter the market situation.

Cling18

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Quote from: bitcrystal on April 08, 2022, 11:08:25 AM

It's a time to build your patience, there is every possibility that if you sell now at loss you might be buying at higher price later. So don't panic either you are newbie or an old investor as long as you didn't borrow to invest or invest more than you can afford to lose or invest in a project that you are not confident of continuous development and success. A quick way to make profit easily even on dips If it goes lower than your entry price then add more to your bag, with DCA and take profit as the market moves. You will be fine eventually.

Corrections and dips like this usually happen so if you're a holder or investor for a long time, then this scenario would be familiar to you and you'll know how to deal with it. In cases like this, panicking will only cause you to create wrong decisions especially if you would let your emotions handle everything. Volatility is the market's characteristic so we should learn how to deal with it all the time.

bitcrystal

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It's a time to build your patience, there is every possibility that if you sell now at loss you might be buying at higher price later. So don't panic either you are newbie or old investor as long as you didn't borrow to invest or invest more than you can afford to lose or invest in a project that you are not confident of continuous development and success. A quick way to make profit easily even in dips If it goes lower than your entry price then add more to your bag, with DCA and take profit as market moves. You will be fine eventually.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: maydna on April 08, 2022, 08:08:00 AM

It's tough not to panic if the altcoin market drops drastically because it involves the money we invest in altcoins. But if we really believe that the coins we hold have a good future, we should hold on to them and not sell them if the price drops. We can try to increase the number by buying more at that low price. When altcoin prices fall, we actually have the opportunity to buy again but most of us panic and sell instantly without thinking about a reversal of the price. It is important how we can anticipate the panic that can occur when the altcoin market drops dramatically.

I know there a number of users in this forum and outside, that have faith in altcoins, some specific ones and they will buy at every dip. That is the type of backing from investors that a project needs. It does not mean that they are doing the right thing or the profitable thing - think about it.

If you are putting money in bitcoin, you are safe, provided you bought at a dip and not tip. But putting money in altcoins brings in all sorts of risks. To going bankrupt, to hostile takeovers and simply vanishing in thin air without a trace thanks to the pseudo-anon nature.

Some users are deeply into altcoins, let them be, but I try to warn those who trying to tread the waters of altcoins to rethink their choices. All these "being under pressure" and all only begins once you enter the wrong cryptocurrency.

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Quote from: maydna on April 08, 2022, 08:08:00 AM

It's tough not to panic if the altcoin market drops drastically because it involves the money we invest in altcoins. But if we really believe that the coins we hold have a good future, we should hold on to them and not sell them if the price drops. We can try to increase the number by buying more at that low price. When altcoin prices fall, we actually have the opportunity to buy again but most of us panic and sell instantly without thinking about a reversal of the price. It is important how we can anticipate the panic that can occur when the altcoin market drops dramatically.

It really depends on the coin, random coins explode anyday but we can't trust them for long term holding that is why altcoin investors immediately go for selling when the market is in red for a while but real investors who can afford to lose the money will take advantage of that condition so they can accumulate more coins and wait until it recover.

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Quote from: Anguwa on March 18, 2022, 05:29:13 PM

Quote from: Wiwo on March 18, 2022, 02:03:04 PM

The year 2022 has been one hell of a year where many altcoins have been on the downtrend and recently the entire cryptocurrency market have faced a lot of pressure from the market, But this week have brought with it some form of relief as the market is beginning to pick even in the face of war and cryptocurrency serving as an alternative means of financial transactions where there are traditional restrictions resulting from the war.
Don't Be under pressure
At this point, the altcoin market is beginning to witness huge traffic from new investors and the recent grave is the NFT Metaverse which has brought with it an entirely new experience, we most are careful and not to be under pressure to act either adding to our assets or letting off some from our bags.

Is this to say that we should maintain our Altcoins for the time being and not add any more? ,, since I was thinking of buying more, but I'm frightened of this year's crypto market fluctuation; sometimes the market appears to be returning to normal, only to turn red again after a week or so.

Nope. Doing dollar cost averaging on whatever the situation is is better than not adding any investment at all. If you want to buy then just buy Bitcoin if you aren't sure on what coin you want to buy. If you want an altcoin then pick Ethereum if you are unsure. Being frightened all the time will lead you to missed opportunities. Just make risk and do dollar cost average. If you have spare money then buy.

As for the OP, making decisions under pressure will lead to wrong decisions and its not only applicable in altcoins or investing but in our daily lives as well. Making decisions under pressure in investing will just lead you to multiple mistakes that might affect you mentally so be calm, make plans and don't stop investing and don't stop learning.

maydna

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It's tough not to panic if the altcoin market drops drastically because it involves the money we invest in altcoins. But if we really believe that the coins we hold have a good future, we should hold on to them and not sell them if the price drops. We can try to increase the number by buying more at that low price. When altcoin prices fall, we actually have the opportunity to buy again but most of us panic and sell instantly without thinking about a reversal of the price. It is important how we can anticipate the panic that can occur when the altcoin market drops dramatically.

ultrloa

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Quote from: Oasisman on April 08, 2022, 05:57:48 AM

Quote from: rozak on April 02, 2022, 09:49:20 AM

Quote from: ivankoh on April 02, 2022, 09:17:35 AM

Pressure creates wrong/improper actions. I think there is no need to rush if you have already determined the direction and plan from the beginning. That is important. Thinking goes with action, but pressure only makes it easier to act with feelings without reason. It reminds me not to rush into investing, but to hold back the excitement for a second before everything returns to normal.
Some people including me stay long in the market when it loses momentum but holding is the best way when you determine what to hold, conversely, if the choice is wrong, it can end up in the abattoir Practice optimistic living habits and control pressure and inhibitions -> invest with health

because the pressure gives nature to panic. everyone must have the same experience. what makes the difference is the way of solving and mastering emotions.
at least we've seen the peak, and when there is at the bottom there will still be confident that we can get the peak again. losing the current moment makes us have to hold assets. but we will be sure that the plans we make will never go wrong.

Mastering your emotions? That sounds easy but in an actual situation that's hard to apply. Nobody is getting comfortable when your portfolio is gradually going down, though you knew there is always a chance to pump up again, but the risk of lossing your capital is always there. Unless, your portfolio contains most of the top alts in the market otherwise you'll really have to worry. Thus, panic selling to cover possible more losses will occur.

Easy to say to master the emotion but unfortunately when we are in the state of confusion on how market goes and also seeing how our portfolio slowly melting for the current condition happened for sure we will not think about those things and get panic for what we see. Maybe the least we can do with this is we should know how to take action since sometimes decision making on bear situation really matter since this will determine if we can earn or lose when situation like that occur.

Oasisman

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Quote from: rozak on April 02, 2022, 09:49:20 AM

Quote from: ivankoh on April 02, 2022, 09:17:35 AM

Pressure creates wrong/improper actions. I think there is no need to rush if you have already determined the direction and plan from the beginning. That is important. Thinking goes with action, but pressure only makes it easier to act with feelings without reason. It reminds me not to rush into investing, but to hold back the excitement for a second before everything returns to normal.
Some people including me stay long in the market when it loses momentum but holding is the best way when you determine what to hold, conversely, if the choice is wrong, it can end up in the abattoir Practice optimistic living habits and control pressure and inhibitions -> invest with health

because the pressure gives nature to panic. everyone must have the same experience. what makes the difference is the way of solving and mastering emotions.
at least we've seen the peak, and when there is at the bottom there will still be confident that we can get the peak again. losing the current moment makes us have to hold assets. but we will be sure that the plans we make will never go wrong.

Mastering your emotions? That sounds easy but in an actual situation that's hard to apply. Nobody is getting comfortable when your portfolio is gradually going down, though you knew there is always a chance to pump up again, but the risk of lossing your capital is always there. Unless, your portfolio contains most of the top alts in the market otherwise you'll really have to worry. Thus, panic selling to cover possible more losses will occur.

Shasha80

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Quote from: doomloop on April 07, 2022, 03:42:44 AM

Quote from: Shasha80 on April 06, 2022, 03:53:35 AM

It is true that selling when profit and buying when the price is down is an old strategy that is commonly used by many people. But the problem is that it's not that easy when implementing this strategy, if the practice is easy to do everyone will easily get rich from investing in crypto.
In fact, the old strategy must be supported by other factors, such as good research and analysis skills to determine which coins are good to buy.

It is easy, it just doesn't make you rich very quickly. If you keep on investing when it is at the bottom and sell at the ATH, how frequently does that happen? Sure we have seen it probably more than some stocks, but the stock market in general is the same too. Making maybe 100% a year doesn't really call out for people, that is a great deal, in a few years you would be rich, but that takes a few years and people do not wait for it.

Anyone who has done that for the past 5 years since the last ATH, and did not budge, did not made mistakes, only bought low and sold high would have been rich by now, but people do not like to wait that many years in crypto, they still do not trust it enough.

In the end the key to success is patience and most people don't have that. That's why so many people suffer losses when investing in crypto,
even though these people have bought at low prices and have also bought potential coins, but the reality is that more people suffer losses.
It's as you explained they want to make profit instantly, very few people can be patient holding in the long term. No wonder many people
are easily manipulated by influencers to buy certain coins that promise big profits in a short time, this is why many people are risking their
money to invest in new coins which can pump very high in a short time. But what influencers don't explain is the risk of investing in new coins,
which if we sell it too late and the price has already fallen, our money will be stuck for a long time. So we really have to have the good knowledge
about the crypto world, so that we know how to invest properly.

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Quote from: Shasha80 on April 06, 2022, 03:53:35 AM

It is true that selling when profit and buying when the price is down is an old strategy that is commonly used by many people. But the problem is that it's not that easy when implementing this strategy, if the practice is easy to do everyone will easily get rich from investing in crypto.
In fact, the old strategy must be supported by other factors, such as good research and analysis skills to determine which coins are good to buy.

It is easy, it just doesn't make you rich very quickly. If you keep on investing when it is at the bottom and sell at the ATH, how frequently does that happen? Sure we have seen it probably more than some stocks, but the stock market in general is the same too. Making maybe 100% a year doesn't really call out for people, that is a great deal, in a few years you would be rich, but that takes a few years and people do not wait for it.

Anyone who has done that for the past 5 years since the last ATH, and did not budge, did not made mistakes, only bought low and sold high would have been rich by now, but people do not like to wait that many years in crypto, they still do not trust it enough.

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As a guru or crypto enthusiast maybe who have been in the space for years or from bitcoin launched they should be able to note that the space is all about patient having some fundamental principles which governed your investment strategies to know the market isn't drastically static which have up and down movement, irrespective of the pressure or threat either war they should have a strong fate not to stumble at any point.

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Quote from: Shasha80 on April 06, 2022, 03:53:35 AM

It is true that selling when profit and buying when the price is down is an old strategy that is commonly used by many people. But the problem is
that it's not that easy when implementing this strategy, if the practice is easy to do everyone will easily get rich from investing in crypto.

most of them could not controll their greedy , and let profits finally be negative floating while market suddenly reverse. if everyone patience taking result in trading and dicipline with their profits target i am believe we could be growth our balance steadyly.

Quote from: Shasha80 on April 06, 2022, 03:53:35 AM

In fact, the old strategy must be supported by other factors, such as good research and analysis skills to determine which coins are good to buy.
Because not all coins purchased at low prices can generate profits, and also our knowledge of the crypto world is also very important. Due to our
success in investing in crypto, depending on how we understand how the crypto world works, therefore never stop learning everything about crypto.
Moreover, crypto is always a new trend, that's the importance of always updating our knowledge about crypto.

beside all of those, the another important key were emotion and psychology. these thing will give us best result while we have no good skill in analizing.

Shasha80

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Quote from: Google+ on April 05, 2022, 03:31:09 AM

Quote from: 5W-KILO on April 05, 2022, 02:31:05 AM

Is there anything that's better than the DCA technic? I don't think so, this is the way forward, it makes no sense to stop investing when the market can improve more in future and it also makes no sense to sell for the fear of what may never happen tomorrow, sell only when you are in profit and buy when there is dips.

Selling only when you are profitable and buying when there is a decline is an old strategy that has been applied by many people for years and I think this kind of strategy is still very well used today and also many people are adopting it in terms of profit and also in terms of increase the number of existing assets.

It is true that selling when profit and buying when the price is down is an old strategy that is commonly used by many people. But the problem is
that it's not that easy when implementing this strategy, if the practice is easy to do everyone will easily get rich from investing in crypto.
In fact, the old strategy must be supported by other factors, such as good research and analysis skills to determine which coins are good to buy.
Because not all coins purchased at low prices can generate profits, and also our knowledge of the crypto world is also very important. Due to our
success in investing in crypto, depending on how we understand how the crypto world works, therefore never stop learning everything about crypto.
Moreover, crypto is always a new trend, that's the importance of always updating our knowledge about crypto.

wiss19

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I do agree that we shouldn't really be focusing on anything that is too out of ordinary, just focus on getting more of a big name coin and you should be doing fine. I am not saying that it should take longer than that, all I am saying is that we shouldn't really be losing too much hope by investing into low cap stuff and then lose money.

Get the big names, and then keep on accumulating when it is going down and keep doing that until you profit enough for your taste and if you want to go out, then you could go out that way. It is not a terrible method, but it is not a great one neither, it will allow you to do "decent" and that is good enough for most newbies.

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Quote from: 5W-KILO on April 05, 2022, 02:31:05 AM

Is there anything that's better than the DCA technic? I don't think so, this is the way forward, it makes no sense to stop investing when the market can improve more in future and it also makes no sense to sell for the fear of what may never happen tomorrow, sell only when you are in profit and buy when there is dips.

Selling only when you are profitable and buying when there is a decline is an old strategy that has been applied by many people for years and I think this kind of strategy is still very well used today and also many people are adopting it in terms of profit and also in terms of increase the number of existing assets.

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Quote from: Wiwo on March 18, 2022, 02:03:04 PM

The year 2022 has been one hell of a year where many altcoins have been on the downtrend and recently the entire cryptocurrency market have faced a lot of pressure from the market, But this week have brought with it some form of relief as the market is beginning to pick even in the face of war and cryptocurrency serving as an alternative means of financial transactions where there are traditional restrictions resulting from the war.
Don't Be under pressure
At this point, the altcoin market is beginning to witness huge traffic from new investors and the recent grave is the NFT Metaverse which has brought with it an entirely new experience, we most are careful and not to be under pressure to act either adding to our assets or letting off some from our bags.

Is there anything that's better than the DCA technic? I don't think so, this is the way forward, it makes no sense to stop investing when the market can improve more in future and it also makes no sense to sell for the fear of what may never happen tomorrow, sell only when you are in profit and buy when there is dips.

Topic: Don't Be Under Pressure To act (Altcoin) (Read 422 times)