How can you combat market gloom? | Bitcointalksearch.org

livingfree

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Quote from: perryxi2 on August 12, 2021, 10:16:55 AM

In fact, you should choose another investment that is more stable, or choose one of the cryptocurrencies with long-term development and community. Instead of you investing a meaningless amount in high risk coins and low tech platforms, why don't you choose to invest it all in BTC, ETH, BNB or high ranking coins? . you can feel safer investing in this coin as it has a solid foundation that can be held for a long time.

I agree.

Investing on top coins will save you from all of those worries. You do not need to those coins that you are interested with and shows good in your TA.

Because not all TAs are going to show as exact as what you see.

AliMan

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

We do fail when decisions has no certain reference during analysis, and coping with the market conditions isn't that easy. Difficulty of selling during volatility of price was about to be losing, while majority of the coins had been saturating after quick increase. Handling this kind of market, should have a strong motivation which technically involves emotional control.

Learning the process should take guidance from a trusted mentor which could help you in everything you need to cope up stress on different market behaviors.

Hypnosis00

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

It was really disappointing to see our investment get it lost its value after buying and these things will come unexpectedly. of course, we can't hide our emotions by seeing big losses and have no choice but to accept them. It was a part of our crypto journey, sometimes the market won't give us a favor and sometimes we got lucky as well. So keep in mind that not all the time was good and have nothing to blame with this. It was just for us to adjust and be willing to accept the consequences that I think we are aware of it since from the start.

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Quote from: rincoeng1986 on August 12, 2021, 12:48:14 PM

Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

you are on a token that has a high level of confidence or at a low level of confidence, such as a newly released token. if you are in a new token condition, of course you must first know the prospect of the token. does the token have strong fundamentals so that it is worth holding and does not need to be sold immediately. but how many of you on a token that has 99% safe confidence, then you just have to refrain from selling when the price starts to bearish, because the token has hope to be pumped again.

Very few tokens can survive during the bearish season. So it is always advised to hold top tokens with actual use case in the market. Also, if you want an assurance better sell your token while it has still value and you are already in profit and then buy top coins like btc to hold for long term. At least, btc can survive even if the market is in bearish condition.

rincoeng1986

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

you are on a token that has a high level of confidence or at a low level of confidence, such as a newly released token. if you are in a new token condition, of course you must first know the prospect of the token. does the token have strong fundamentals so that it is worth holding and does not need to be sold immediately. but how many of you on a token that has 99% safe confidence, then you just have to refrain from selling when the price starts to bearish, because the token has hope to be pumped again.

Slow death

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market.

It is true that it is very difficult to deal with the market when it is down, but that does not prevent a person from also making a profit in a bear market, it is enough that the person has good knowledge of technical analysis

Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.

I confess that in this part I didn't understand anything you mean, it is not possible for the price of bitcoin to fall and the price of altcoins not to fall much unless it is an exception that the price of bitcoin falls a lot and the price of altcoin X has some good news that keeps me going up in price even though the price of bitcoin is falling a lot, these cases happen whenever some altcoin has some good and great news

Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

Please tell us how you handle market conditions and feelings.

I avoid putting feelings. I prefer to act rationally.

imstillthebest

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Did you buy more because you expect the market will go in bull run ? If didn't go as planned then why would you sell for losses but you could hold for a while and do some additional buys .

Quote

I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.

you mean you hold different kinds of tokens and they don't change in price ? Of course they won't when what you have sold is also a different kind . also to expect a movement in the same coin you hold , the volume must be large enough when you sell or buy .

sapnu

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It's all about motivation and perseverance. No matter how bad the market looks, you should stay patient and keep on believing that better days are yet to come. We should learn from what we experienced back then when the bear market suddenly happened after a surprising bull run. It might be risky but without high risk, you cannot expect high rewards. Just always keep in investing and strategize how you can cope up regardless of the current market situation. Do not let your emotions decide for you, use your head all the times to come up with an effective and better plan.

conected

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Downtrend market you should stop trading, withdraw all money or switch to holding coins. Don't try to spend your time in the market and speculate on market situations because at that time the market volume is low, there is little change in value.

- Not making wild guesses is a certainty when thinking will bring about behavior and behavior can lead to results, a bleak market is a closed room without a key, our every touch will also stick to traps and blood will be spilled a lot by speculations looking for a way out, hundreds of knives or more are hidden around, actively sitting on the ground and observing is better. Before falling here, the insurance and few safety features we have set up will activate, waiting for the exit door to appear and our action is to wait for the strange.

perryxi2

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In fact, you should choose another investment that is more stable, or choose one of the cryptocurrencies with long-term development and community. Instead of you investing a meaningless amount in high risk coins and low tech platforms, why don't you choose to invest it all in BTC, ETH, BNB or high ranking coins? . you can feel safer investing in this coin as it has a solid foundation that can be held for a long time.

ChiBitCTy

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

When you buy anything, or any sort of investment I should say, you should always have a plan put in place for when you plan to sell or when to hold on to it for a bit longer, or a while longer. If you have a plan in place, then there is no "well what should I do now" ..you won't have to rely on emotion as much and it helps take the guessing game out of the equation. Of course you can always deviate if something news wise pops up, but just have the plan in place.

techearn17

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You are right TA does not work all the time but sometimes when we are in trouble we feel better to leave but we should look for another good entry from where we can earn a good amount of money back. My advice to you. These are the times when you try to increase the number of your coins whenever you have this problem. I have been trading for 5 years and over time you will start to see your losses decrease.

passwordnow

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Accept that it's really hard to cope up with the market if you're in a bad situation and you just came from certain losses. But cheer up, everyone that has been in the market had experienced that most of the time and that made the idea that holding is better than being problematic what you must do to react with the market. Because it won't make you feel that you need to catch up whatever trend the market sets and you're good whatever happens because you're visioning long term.

Sayeds56

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

TA is never 100% successful becuase it is the Science of Probabilities not ceratinity, mostly it works but sometimes it fails so better to use it with Risk and Money management tool, means use stop loss to protect your account from huge loss. As far as Bitcoin is concerned it should be bought with long term vision and then don't worry it goes down to 3K or 2K, it will always bounce back and gives you huge return provided you hold it with patience and faith in it.

shield132

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Quote from: Bitcoin9920 on August 11, 2021, 11:10:29 AM

When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

What about to turn disadvantages into advantages? Stop-loss function is one of the most beneficial and must-to-use function in trading. Don't ever think that I won't use stop-loss function because it won't fall that much, etc, market has always proved that it's necessary! And another advice from me would be that you can use Futures Trading and open the short position when you are highly confident that the current price is peak and it will start decline. This way, you can not only keep the profits but also profit from the loss, that's why I love it.

Kong Hey Pakboy

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If you can prevent it, try to not look too much on the market and if you can't do it, maybe don't trade today since you have a shitty feeling which can affect how you trade that day, I have heard of this advice, if your not feeling fine or you're losing too much, you better stop trading for today so you can collect your thoughts and make a much better decision.

Ryder Kudrow

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Choose a safer cryptocurrency for long-term investment. Any cryptocurrency will have price fluctuations. Once you are convinced of the purchase, you must believe in it. Although there will be a downward trend in the short term, in the long run, the price will tend to rise.

When the market is down, nothing can really be done to fight it. Don't be affected by market sentiment, but look at long-term trends and slowly learn how to be immune to market changes.

mk4

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Quote from: haidil on August 11, 2021, 02:48:12 PM

If you hold bitcoins then you don't have to worry about crashes though, and it's proven that now you can get paid for long-term holdings. It's a different story when trading on other altcoins, where you can risk not returning more than the highest price, it will be very difficult to take profits even though you need a long-term grip. That's the risk of altcoins, so learning from experience, I've tried to stay focused on Bitcoin until now. not paying much attention to altcoin price movements.

That's true, but it's easier said than done for the newer people who almost always manage to buy literal price tops. Add that to the fact that a lot of them are here for short term get-rich-quick gains, panic selling will always be in the picture.

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Quote from: Wexnident on August 11, 2021, 08:41:25 PM

That's the thing, you don't. You can't really combat the market, nor go against it since it's pretty much like a wave that overtakes you pretty badly and can't really do anything to go against it. The most you could do is ride with it and try to take the least damage possible. Pretty much just keep doing it, you'll learn slowly how to become immune to the changes in the market that you'd actually think that such changes are normal, you'd get them back in no time since if dips could happen, then you could also say the same for the opposite.

I think you misinterpret what the OP is asking. It's not to go against the price, but how we cope if we suddenly goes on a bearish market and all your tokens (shitcoins) have no more value.

I guess there where the old adage is more appropriate, "Invest what you can afford to lose". If you have your money put aside for crypto investment, then you don't have to worry if the price dips or goes on a long bearish trend. You just have to wait and remain calm because sooner or later the market will recover, it's just the cycle of the world we live in.

Wexnident

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That's the thing, you don't. You can't really combat the market, nor go against it since it's pretty much like a wave that overtakes you pretty badly and can't really do anything to go against it. The most you could do is ride with it and try to take the least damage possible. Pretty much just keep doing it, you'll learn slowly how to become immune to the changes in the market that you'd actually think that such changes are normal, you'd get them back in no time since if dips could happen, then you could also say the same for the opposite.

Topic: How can you combat market gloom? (Read 372 times)