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Topic: Don't stress too much due to the bear market - page 33. (Read 3376 times)

legendary
Activity: 1568
Merit: 1002
February 26, 2019, 01:58:34 PM
#9
New comers need to understand that cryptocurrency trading is different from forex kind of trading where you can churn some profit from either position. They need to expect bears and that is ultimately when to buy more, hodl and wait to sell in profit.
trading is the same yeah at any position and forex doesn't always benefit, it's hard to compare crypto and forex but the context on the same path is investing. excessive stress makes prices weaker but such conditions can I understand if too much investment is feared panic and that often happens they also think the fear of assets becomes worthless because its full of risks
full member
Activity: 630
Merit: 172
February 26, 2019, 01:54:51 PM
#8
After seeing people with real health issues its easy to not stress about money.  As long as you are in good health you are already doing great, the money is just a nice added bonus.
sr. member
Activity: 868
Merit: 279
February 26, 2019, 01:52:07 PM
#7
New comers need to understand that cryptocurrency trading is different from forex kind of trading where you can churn some profit from either position. They need to expect bears and that is ultimately when to buy more, hodl and wait to sell in profit.

Sure sell in profit but if everyone thinks with this mentality we will never see prices surging because everyone would be selling in the greens. I think holding your coins until mass adoption is a much better decision than selling it to speculators. That only hurts the market. Selling a percetange in a bull market is good though.
copper member
Activity: 455
Merit: 0
February 26, 2019, 01:17:25 PM
#6
It is necessary not to think short so as not to be stressed, the market is not always going to run smoothly and rise high, and think in a positive perspective so that it can be more patient to deal with this condition.
legendary
Activity: 2282
Merit: 1041
February 26, 2019, 01:15:55 PM
#5


ITs always going to be stressful for someone who had already found themselves losing more than 50K USD because they hold what they have in hopes for the market to rise up eventually in a matter of days. Sadly, it disappointed them after finding out this market is surrounded by greedy individuals who shall magnify the fuds just so they can recreate an opportunity to buy cheaper/.
sr. member
Activity: 2366
Merit: 332
February 26, 2019, 01:12:00 PM
#4
New comers need to understand that cryptocurrency trading is different from forex kind of trading where you can churn some profit from either position. They need to expect bears and that is ultimately when to buy more, hodl and wait to sell in profit.
sr. member
Activity: 868
Merit: 279
February 26, 2019, 12:50:01 PM
#3
Correct but not everyone knows that.
So we really must spread this news.
Panic is always there with new investors. They are thinking it will be fast profit since it can go way up just like what happened with bitcoin last December of 2017.
Bear market is part of investing. It does happen to every commodity or currency.

That's the thing, market players greatly benefit from newcomers that have fresh emotions to fuck with. Most altcoins that have no innovation try to do this all the time.
legendary
Activity: 3248
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
February 26, 2019, 12:09:45 PM
#2
Correct but not everyone knows that.
So we really must spread this news.
Panic is always there with new investors. They are thinking it will be fast profit since it can go way up just like what happened with bitcoin last December of 2017.
Bear market is part of investing. It does happen to every commodity or currency.
sr. member
Activity: 868
Merit: 279
February 26, 2019, 11:59:33 AM
#1
This bear market is not different from the one experienced in 2013-2015 that one lasted a year and 9 months from November 24 2013 to August 24 2015.



We might still be 7 or so months away from a trend reversal, or who knows, maybe recent price action is trying to make a trend reversal. No matter what happens, you have to be clear of one thing: blockchain, even after 10 years of Bitcoin's inception, is still a technology that is in "beta". Decentralized systems are not fully figured out to push in a worldwide scenario, but we are all participating in the initial stages of development. Only like 2,000 people knew about the internet in the 70's so development was privatized but blockchain technology is being developed openly by the public, that's a huge difference. We are suffering the hypes and depressions of such volatile changes in price discovery because no one really clearly knows how much blockchain and cryptocurrencies should be worth or could be worth so you might have an investment worth 5 dollars in the future or 1 million, make sure you choose projects with great vision, leadership, development and market share. Also bet in favour to the small ones, but be extremely careful with small projects.

Lastly, if you ever become too stressed from watching your portfolio going up or down, watch this video
https://www.youtube.com/watch?v=KJVdvbrxtHo

calming visuals and soothing music are effective in reducing stress and most cryptoheads at one point will suffer from this hahaha

Cheers!
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