Topic: Don't punic, just hodl - page 22. (Read 9084 times)
Now that market is down, it is an opportunity to buy more potential coins from the market and hold it until market recover. If you are going to sell bacause of panic then you will gain losses and not profit. You should have to learn and gain more knowledge to handle your emotion. Be a risk taker person and always think possitive.
As investors we must be optimistic about any conditions, when the market is red like now it is time to stop and do other activities such as going to the mountains or the beach, don't check prices too often because it will make us panic, always be optimistic that cryptocurrencies will skyrocket and become a trend in the future.
I think for many years, everyone has already developed immunity to such situations in the market.It is very important to properly manage your portfolio and then such situations will not be scary.You are right, our ally is optimism and only it. 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.
You are right, many large investment companies continue to buy cryptocurrency, especially when the price goes down in the market. All of this tells us that the big players believe in both the future success and price growth of cryptocurrencies. But the next fall in prices for cryptocurrencies is another opportunity to enter the crypto market on more favorable terms.
Yes, indeed, crypto prices are currently experiencing a correction. There is a possibility that the price will increase in the near future. But the panic will come naturally to traders if they see the condition of the asset decreases. However, if the assets we have to hold in the long term, then we do not need to panic. That is, our daily needs do not depend on the value of the assets we invest in crypto. Don't invest in crypto with kitchen money, because the value of the asset will burn easily. That is, the balance will continue to decrease, and losses will continue to occur.
I agree with you buddy.
Crypto prices are easy to go up and down. We don't know when prices go up and down. It all just happens. And one thing I've held for a long time, investing should be done with free money, not money used for everyday needs. That way we can hold the coins casually and wait for a good price to be sold.
Honestly, I've experienced panic! since I bought Bitcoin at $50000, and now the price has dropped to $37000,
how not to panic huh? and indeed I have sold 50% of my Bitcoin assets, and waiting to buy at a low price, reportedly Bitcoin will go down again,
but for now I still have the intention to buy altcoins only, some of my chosen altcoins are CKB and Algo.
That's always the case for those investors that have bought during the peak. But you're not alone with that experience because there are plenty of investors that have also bought during the peak and just held. In your case, you've sold half of it at losses and that's cutting loss which is also a strategy. At what price you've sold bitcoin with the half? If you see that you'll eventually recover through buying altcoin assets then that's for you to decide, it's possible to recover that way and you should choose those altcoins that you're familiar. how not to panic huh? and indeed I have sold 50% of my Bitcoin assets, and waiting to buy at a low price, reportedly Bitcoin will go down again,
but for now I still have the intention to buy altcoins only, some of my chosen altcoins are CKB and Algo.
Honestly, I've experienced panic! since I bought Bitcoin at $50000, and now the price has dropped to $37000,
how not to panic huh? and indeed I have sold 50% of my Bitcoin assets, and waiting to buy at a low price, reportedly Bitcoin will go down again,
but for now I still have the intention to buy altcoins only, some of my chosen altcoins are CKB and Algo.
It's natural for people to panic during market conditions like this, because we are risking our money, but I think this needs to be controlled, meaning that panic doesn't make us take the wrong steps, altcoins are also good assets to invest in, as long as they have good potential in the future, regarding the selection of altcoins, it is up to someone to analyze its potential and future movements. how not to panic huh? and indeed I have sold 50% of my Bitcoin assets, and waiting to buy at a low price, reportedly Bitcoin will go down again,
but for now I still have the intention to buy altcoins only, some of my chosen altcoins are CKB and Algo.
Honestly, I've experienced panic! since I bought Bitcoin at $50000, and now the price has dropped to $37000,
how not to panic huh? and indeed I have sold 50% of my Bitcoin assets, and waiting to buy at a low price, reportedly Bitcoin will go down again,
but for now I still have the intention to buy altcoins only, some of my chosen altcoins are CKB and Algo.
how not to panic huh? and indeed I have sold 50% of my Bitcoin assets, and waiting to buy at a low price, reportedly Bitcoin will go down again,
but for now I still have the intention to buy altcoins only, some of my chosen altcoins are CKB and Algo.
All user who alredy bought should wait for bullish patterns while If you are buying now remember to buy in parts, there will always be a better entry and also you have to understand that while you wait for the best entry you can be making some side cash day trading.
Cryptocurrency is impossible to bun or stop. After the fall of the market will be a rise.
For cryptocurrency project it is important to attract attention and be unusual like this https://twitter.com/DogeGaySon/status/1488443132718948352
When the market is falling, panic will definitely happen to those of us who have bought coins at high prices, but don't let this panic make us lose money when investing in crypto because there are still many ways to cover losses when the market is falling and panic sell, namely by shopping for some tokens. which has great potential will increase rapidly in the next few weeks and moreover some big companies are starting to come in to invest in crypto for more stable crypto growth in the future.
All user who alredy bought should wait for bullish patterns while If you are buying now remember to buy in parts, there will always be a better entry and also you have to understand that while you wait for the best entry you can be making some side cash day trading.
Panic is usually a form of our greed. Because I believe we always go through profit when we buy it, it is possible that the target we reach is too high when the market is on a negative trend makes us panic to continue selling losses.
Selling at a loss is the type of person who does not have patience so he is often panicked by market conditions that often change, so people who often panic are not suitable to be in any market, especially in the cryptocurrency market. 
This is not the first time, but I see it has often happened if the price drops precisely they always panic because trading without a basis of analysis, they will definitely regret not holding it until the bull market returns.
In the near term it looks like we will only see a market with a dominant red color as bitcoin has failed to break the USD 40,000 resistance barrier and after this it looks like it will continue to fall even further. I hope everyone is mentally prepared to face conditions that we may not want.
The importance of planning ahead is to make sure that you have alternative adjustments if it's needed to survive with the kind of
market we are facing, there are different traders who continue to enjoy the situation, whether it's bull or bear they've got system
that will allow them to benefits.
Panic is usually related to analyzing not deep but we want the long term. Though learning the fundamentals of the project is very necessary, but some people just follow the trend, so when buying suddenly the price falls when it has good potential for the long term, they prefer to lose.
Instead of gaining good benefits, the timing isn't right and fears conquers those kind of investors. Losing is common when you failed
to analyze and you quickly just the market movement instead of observing it well.
Panic is usually related to analyzing not deep but we want the long term. Though learning the fundamentals of the project is very necessary, but some people just follow the trend, so when buying suddenly the price falls when it has good potential for the long term, they prefer to lose.
it doesn't matter if the current price drop is the same as mid 2021 and buying now is the right decision because after this the price will recover. Then what if the current price decline is the same as that which occurred at the beginning of 2018? Although most people say price drops like 2018 won't happen again but that doesn't guarantee anything. I mean all possibilities can happen because market conditions are unpredictable.
In the near term it looks like we will only see a market with a dominant red color as bitcoin has failed to break the USD 40,000 resistance barrier and after this it looks like it will continue to fall even further. I hope everyone is mentally prepared to face conditions that we may not want.
@Op, I'm not sure if someone has noticed and suggested this already, but please, for once, can you please change the thread title.
It's not Punic, it's Panic.
We like to have a good discussion here but you should make sure the thread title is correct.
It's not Punic, it's Panic.
We like to have a good discussion here but you should make sure the thread title is correct.
Under these conditions, it is possible for many people to panic, especially those who have just joined crypto or are beginners. This is difficult to avoid but we must be able to control our emotions well, at the beginning before we decide to jump into the crypto world we really have to be ready for whatever market conditions later. And now is the time where you have to prove this. We must remain optimistic that the market will rise again or stabilize.
Therefore, beginners are required to learn and understand how the crypto market works before entering. Most of those who panic are beginners who enter the market because they see the market trend on an uptrend. they can not read the situation the market will move long enough or will quickly change the trend.panic sell or panic buy is equally detrimental. we must be wiser in determining the choice of our investment assets.
We are only able to make adjustments in current conditions, there is nothing we can do other than maintain the security and assets we have, so it is important to maintain the investment sources we have, in order to avoid losses caused by attitudes and behaviors that are not able to adapt. in market conditions like now, big investors know what gaps and opportunities should be exploited, so that's not what they do.
So what are they (investors) doing now?Because if it's only limited to being patient and maintaining existing assets, I think everyone can do it well as long as someone is able to do it, so the matter of adjusting to current conditions is a matter of strategy for each individual.
Well, obviously they are buying right now because right now the prices of cryptos are still not recovering. They wont be called investors if they will only hold and never buys. Only hodlers are the one that holds right now. It is us people that needs to adjust because the market wont adjust for us. The market can only offer the results if what are we doing with our cryptos. Like if when we hold the market shows green and if we sell the market will show red.
Under these conditions, it is possible for many people to panic, especially those who have just joined crypto or are beginners. This is difficult to avoid but we must be able to control our emotions well, at the beginning before we decide to jump into the crypto world we really have to be ready for whatever market conditions later. And now is the time where you have to prove this. We must remain optimistic that the market will rise again or stabilize.
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