I've always liked this form of long term investing. And I suggest always using your cold money. It's normal for people to panic but if you are a long term holder it certainly won't put you in the fear stage.
In fact, I believe that crypto will enter its bull season in 2024. I believe that there will be many new projects that will bring benefits in the future. Currently I see that the crypto industry is growing which indicates that people's fear is FOMO and not because of the failure of crypto as an investment asset in the future.
Topic: Don't punic, just hodl (Read 9075 times)
Panic is normal when you see your invested altcoins keep losing values due to correction. It'll affect you more if you bought shitcoins cause they dump more than predict. But The simple solution is, invest only extra capital in crypto industry that you can afford to lose and considered it as secondary source of income. Otherwise it difficult to control mind during correction. Thus its possible to hold those holded altcoins for long timeframe
Until when? and that is always a big question for everyone who is new to investing. Especially if you see that the price is falling, unless it has been hit several times by tidal waves of the crypto sea. if it's new and comes in with big capital to buy shitcoint, the effect is yes. seasick of course.
In my opinion, calm is needed in investing and holding for some time is needed as you said with a very clear record of options and don't experiment too much with the assumption that a little loss is normal. Yes. hopefully more educated in crypto investing for 2024 which is only 3 months away.
Panic is normal when you see your invested altcoins keep losing values due to correction. It'll affect you more if you bought shitcoins cause they dump more than predict. But The simple solution is, invest only extra capital in crypto industry that you can afford to lose and considered it as secondary source of income. Otherwise it difficult to control mind during correction. Thus its possible to hold those holded altcoins for long timeframe
And now I advise you not to invest in the cryptocurrencies you have listed. They are older coins, and there will be significant risks as the projects might no longer be operational, and they are unlikely to yield the returns I had hoped for.
There is some really poor advice in this thread as gains are not really gains until they are realised and sold. No one has lost money selling at a profit!
Quote from: fmz89
just hold and living normal life, try to forget crypto for while, this is your time and enjoy before party launch
some people just doing dca with bot or some exchange feature auto invest
some people just doing dca with bot or some exchange feature auto invest
I agree with you, continue holding is the best solution to overcome this situation that is on ground over some one year and some months, because many cryptocurrencies price has decreased more to alert holders not to sell in this bearish season so that they will not experience losses in the market. I have started relaxing myself since this bearish market took over the market early last year, because my main target before I will release my Ethereum is $5000 which I believe it will reach that amount before the end of next year 2024. I think, there is a big hope on those altcoins like Solana, ADA, Ethereum and binance because their teams are seriously working to ensure their investors always smile with their income.
The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
This post is now over one and a half year old but it's as relevant now as it was at that time. For the last one and a half year, crypto has been under a bear and a sideways trend. There's a huge resistance now established and there's a lot of accumulation from both individuals and institutional investors. Buying and holding is the way ahead. There's not much to lose now and every small investment at the moment would count when ultimately the bull arrives.
But boredom will come by itself if we are not good at reading the situation and buying at the same time. I think we have to set the buying pattern as low as possible from the price that is written, for example today's BTC is the lowest if we look at the stock it says $25,872
if you want to buy a set at a price of $ 24,500 assuming a decrease at any time. even if you want to sell the set at a higher price, for example, the highest is % 26,182, the set sells at a price of $ 27,000. I think the model is like that now if you want the short way.
hodl but for how long? I don't think we will be on a bull market for a couple of more years
if you want to get big profits and are ready to invest in cryptocurrency, then you must be prepared to invest in cryptocurrency for the long term (at least 3 years or more), because I'm sure you will definitely get a lot of profit in the future, but of course you have to invest in the right cryptocurrency, because if you choose to invest in cryptocurrency wrongly, then you will lose your money and I recommend you to invest in Bitcoin, Ethereum, Binance, Ripple or Matic, because the price will definitely increase very high in the future.
as we know There are many coins added in the crypto space, so be sure to do some research before investing. I believe in crypto but not all coins can reach certain places. Hold on to all the coins that are working in the market actively. Otherwise there is a possibility of loss. In that case, there are some other coins including Bitcoin, Ether, Binance Coin and many others which are most profitable coin, i suggest to invest such type of coins and hold it until fulfill your expectation.
The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
This post is now over one and a half year old but it's as relevant now as it was at that time. For the last one and a half year, crypto has been under a bear and a sideways trend. There's a huge resistance now established and there's a lot of accumulation from both individuals and institutional investors. Buying and holding is the way ahead. There's not much to lose now and every small investment at the moment would count when ultimately the bull arrives.
hodl but for how long? I don't think we will be on a bull market for a couple of more years
if you want to get big profits and are ready to invest in cryptocurrency, then you must be prepared to invest in cryptocurrency for the long term (at least 3 years or more), because I'm sure you will definitely get a lot of profit in the future, but of course you have to invest in the right cryptocurrency, because if you choose to invest in cryptocurrency wrongly, then you will lose your money and I recommend you to invest in Bitcoin, Ethereum, Binance, Ripple or Matic, because the price will definitely increase very high in the future.
The entire crypto market is falling again today, but is this the first time? Didn't it fall the same way in 2021 before the new ATH? And remember what was the level of greed and fear at $40,000 a year ago and now?..
If you are trading on the spot market, then you are not in danger of liquidating your position. And accordingly, you can stay calm on such a dump and look for a convenient price to buy coins at low prices. Panic is mainly affected by those who bought coins at a high price and at the same time using high leverage.
At this point, I tend to avoid dealing with Futures due to my lack of mastery in that area. As for Spot, there isn't much inherent risk involved, but the real allure lies in purchasing at low points. It can indeed be frustrating to miss out on buying opportunities by the end of the day.
However, such experiences are valuable as they help us refine our strategies. I've decided to set a specific buying point and place the order, or alternatively, I'm utilizing the Dual Investment approach which has been effective for me.
Don't think this a good time to hold technically looking at BTC chart now ,It has formed a weekly double top which signals a further bearish move .I'm personally selling some of the altcoins in my portfolio to stay breakeven at least. Not a good time to hold in crypto now
The market has shaken up a lot and in fact it is still difficult to get out of the situation with negative deposits, now only rare tokens like TFS help to maintain at least some profits
Don't think it is a good time to hold in crypto now ,Market is very bearish at the moment if BTC can break the 30-32k resistance zone then we are going back to the bear market which I hope not. Only if we break pass the resistance then I will hold my altcoins if not I'm going to sell much from what I have been holding to stay breakeven at least.
Crunch time for crypto, Technical analysis didn't work. The volatility storm is brewing
Might it would be better to sell before a selloff and buy back the dips, That way you increase your bags and profit a lot more.
Up or down, we are now setting up for a strong move.
Hodl can be done by those who don't use money to buy their daily needs. I believe in the investment concept where we use our savings to invest and then HODL for the long term.
I have purchased SOL, ADA, CRO and Near. I have put more than 50% of my money on NEAR at $1.19 and I am confident in the development concept that NEAR is doing.
I have purchased SOL, ADA, CRO and Near. I have put more than 50% of my money on NEAR at $1.19 and I am confident in the development concept that NEAR is doing.
I would agreed on what you just said, that's why as the bull run approaches, let's take advantage of accumulating cryptos that we believe can provide us with good savings in the future, as long as apart from Bitcoin and others, research thoroughly first so that you don't waste the time and time you hold on Bitcoin or crypto.
And there is no reason to worry if it is something you fully trust. And don't worry and don't get carried away by the negative things you hear about your crypto holdings.
Well now this is some good advice to listen to at this time. We have not seen the price of Bitcoin this low since 2 months ago. Bitcoin is down more than 10 percent just in the last week. And Ethereum is down more than 9 percent too.
And I do not think we thought that more then $1 Billion would be removed from the crypto market like this. Now is a good time to spend some fiat currency and buy this dip and hodl.
And I do not think we thought that more then $1 Billion would be removed from the crypto market like this. Now is a good time to spend some fiat currency and buy this dip and hodl.
Panic is the type of person who will regret it, as we know that market cryptocurrencies like a roller coaster so that prices go up and drop are often unexpected, but as investors then make every moment to do the best for example when the Merket Drop then the best thing is to buy.
right. if we have decided to invest in crypto currency, of course we must be prepared for the risks. meaning we have to keep holding ownership of the assets we have until one day the price will rise and be profitable for us
Cryptocurrency markets are known for their extreme volatility, with prices capable of experiencing rapid and unpredictable fluctuations. Panic-selling during market downturns can lead to significant losses, as it often involves selling assets at lower prices due to fear of further decline. Hodling, on the other hand, encourages investors to stay calm, maintain a long-term perspective, and hold onto their assets through market ups and downs. This strategy aligns with the understanding that the cryptocurrency market has historically shown the ability to recover and experience substantial gains over time.
Panic is the type of person who will regret it, as we know that market cryptocurrencies like a roller coaster so that prices go up and drop are often unexpected, but as investors then make every moment to do the best for example when the Merket Drop then the best thing is to buy.
right. if we have decided to invest in crypto currency, of course we must be prepared for the risks. meaning we have to keep holding ownership of the assets we have until one day the price will rise and be profitable for us
Don't think it is a good time to hold in crypto now ,Market is very bearish at the moment if BTC can break the 30-32k resistance zone then we are going back to the bear market which I hope not. Only if we break pass the resistance then I will hold my altcoins if not I'm going to sell much from what I have been holding to stay breakeven at least.
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