I still believe I am on the right path - page 5.

_BlackStar

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

You are not 100% to bitcoin if you don't have 100% custody of your bitcoin. If you are still entrusting a centralized exchange to store all your investments, then I think you should quickly move them to a wallet that you have complete control over. Consider these suggestions to give you more confidence that in the long term your bitcoin are safe under your own control rather than that of an exchange or other third party.

Use the exchange sparingly and withdraw your funds to wallet that you fully control if you are not actively trading with it. This means you can minimize risk when you have full custody of your investment.

traderethereum

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It's good if you are now determined to keep holding on to your bitcoins and not sell them when the bitcoin price hasn't skyrocketed.
You don't have to react to the market and even if the price goes down to the price right now, it's an opportunity for you to buy more bitcoins.
These moments will surely end sooner or later, so you don't need to worry if the market is still in this condition.
You are only preparing yourself for the arrival of the bull run by accumulating more bitcoins so that later your profits will be even bigger.

Gladitorcomeback

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

This is biggest problem in new technology. whenever new things entered in the market we have seen many people against it. when internet launch , many countries was against and similarly BTC was opposed si much at the start and it was called scam also but history proved that btc is one of the biggest revolution which fulfill the need of all drawback which traditional bank faced. many people sold btc because of these kind of fund and only diamond hand will be now enjoying real profit.

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Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

Btc holding is not so easy because there is so much fluctuation in the price of btc. its better to buy btc and then forgot it for two or three year. Many people watching portfolio daily which is very bad for holding and market fluctuation will not let you to hold for long time.

Agbe

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

1. Market manipulators
2. My own psychology

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

I believe it's a good thing to have grown with Bitcoin all this past years and have grown the confidence to hold through any weather, Bitcoin have proven itself to be the best solution to decentralization.

Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

Op your enemies are two important group of people. One from your friends outside and the other is from your siblings. The market manipulators are the ones also doing it for you and for others favour. Because as they are manipulating the market either to high or low. When the market low, people use that opportunity to buy more coin and sell it when the price goes up. So it favour at all levels. The second enemy you mentioned is not really a enemy of your but lack of awareness made you to sold off your precious coins. Hodling bitcoin is one of the best things you are to do in this world if you have the Fiat to obtain as many you can .

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

You're right but not many will accept that to be. Whenever I read about people who rue their lack of awareness when Bitcoin debuted and how they would've bought thousands of it and hedl, I just pout my lips. Nothing would've changed because they too would've sold long time ago too.

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Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

The "bubble" FUD was a thing in pre-2018 and it did actually scare the shit out of me as a noob in 2017. I wonder how that format of FUD died off. Nobody fuds with that anymore. This is because the globe is more enlightened about Bitcoin now than it was a few years ago.

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My confidence in Bitcoin is now 100%.

Absolutely yes! It should be

Godday

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I am happy with your one hundred percent faith in BTC. But I also tell you that you also need knowledge and you need to always learn about BTC. You need to know how the market is doing, what's the latest on cryptocurrencies, and how people around the world view cryptocurrencies. I believe in BTC and I also continue to learn how the trading market works. So belief and knowledge must be balanced. That is what I have thought.

juhobtc

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Quote from: kawetsriyanto on March 27, 2023, 04:52:54 PM

You are right. Knowledge has an important role, it will impact on own psychology or emotion. If someone has a lack of knowledge, he may give up soon because of the price volatility and FUDs. During this bearish season, we know that the price of Bitcoin can drop significantly and there is much bad news spreading. Someone who has no knowledge about crypto market and Bitcoin potential may sell their Bitcoin because of panic. That's why before investing in Bitcoin, make sure that having sufficient knowledge.

It is difficult to see such a big drop, especially for those who bought at a high price. I see that there are those who write that they want to take out a loan to buy bitcoin, or those who sold real estate for this, it is very difficult to withstand such a fall, there will definitely be those who will sell.

fauzan Ichsan

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market manipulation and psychology make us fall into misery if we can't react to it. the main thing that we have to control is our psychology, where from there we will have a mature personality to determine actions considering that in the market there will certainly be a lot of news that can shake our goals. even though manipulation occurs, if we can react to it then it will be a big advantage, unless we are greedy, it will actually harm ourselves

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

We all have our demons too, I could have listened to them, saying, sell, sell, sell, you dummy, this thing is going to die and you will lose all your capital.

It's understandable to have doubt at first as a newbie but if you already gain experience and already witness the different market cycle that's how you'll realize the best thing to do to deal with it. Temptations are always there to sell, many manipulators can convince you to give up but this depends on your gain knowledge to better understand the situation.

If you have goal and don't want to be influence by other people then be firm and keep holding. It is you who will decide to keep going or already quit. For investors who already long here, they know it's worth it because in time there's a positive result that is waiting.

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Bitcoin is like all good investments. The most profit is made without doing anything: you buy it and you don't touch it for many years. The problem is the psychology that is tempted to sell when the price rises a lot. If we think that the initial price of bitcoin was $0.000764/BTC we will see that the most profitable strategy in terms of returns would have been to never sell. But the person who bought at that price and sold when the price reached $1 made more than a x1,000 return. With just $1,000 of investment he made $1 million. And of course, cashing out is very tempting.

reagansimms

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Great advice for newbie Investors who are just starting to invest in Bitcoin. Market manipulation and psychology are two inseparable parts, newbie investors tend to feel worried when market manipulation occurs, then their psychology starts to get disorderly due to always thinking about the value of their assets which continues to decline.
You need to form your own character to become an established investor, have a strong mentality and patience when market conditions are bad. The whisper of sell, sell and sell is just imagination driven by fear, calm in taking a stand can allow you to save asset value without having to accept the risk of loss.

DevilSlayer

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I really like what you said especially when it comes to psychology because only few people in this type of industry are taking notes regarding psychology because they thought that it is not much important when in reality, it is the most important factor of the success of the individual. If you understand yourself, which means that you know your attitudes, personalities, characteristics, strengths and weaknesses, edge, mental fortitude, confidence and discpline. Those types of person who are considering those what I mentioned, have the higher chance of becoming successful because they know what are they thinking and they are aware that someday they can make it.

I can say that you are in the right path but your plan is not yet that organize, I suggest that you have different kind of scenarios in your head regarding the possibility of the price of the bitcoin for you not be surprised and to act with confidence in any kind of scenarios. Your psychology is the key, if you train it then the possibility of making more money is not impossible all you need to do is trust your thinking and have confidence to execute your plans.

Gallar

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usually things like this happen to beginners who have just invested in bitcoin, lack of experience and lack of knowledge makes many doubts come to mind. I personally, during the early days of investing in bitcoin, my mind and heart were really tested very violently, especially when the market was declining. even though at that time I already knew that bitcoin would definitely go back up when it went down, but

Quote from: Kalchef on March 27, 2023, 08:27:15 AM

2. My own psychology

psychology keeps bothering me, with the emergence of negative thoughts that make me panic, anxious and difficult to control myself.

besides knowledge about bitcoin and trading that must be deepened, for me thinking (psychology) is very important to be trained and honed so that it is strong and does not sway in any circumstances.

Fundamentals Of

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Yes, that is very likely. That happened to many of those who came very early. Had I also known Bitcoin days after it was launched and acquired many, I could have also sold most if not all of it when its price rose from just cents to hundreds of dollars. Nobody would have imagined it. Many took the opportunity to make money.

Today, Bitcoin is appreciated a lot more. It has grown popular. And since Bitcoin has already a price history, newcomers know very well its potential. They know they cannot just take it for granted because of what happened in the past. Bitcoin shocked everybody.

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This is also what i am telling to my self that if i bought bitcoin even around 2013 i wont be able to todays price because of temptation of my self to sell it off and i am sure i do have sleepless nights thinking of this. It is really best to mould your emotions first before jumping to an investment because your emotions is your first enemy about your investment in panic selling or other things comes up on your mind

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Quote from: Zaguru12 on March 27, 2023, 10:04:08 AM

After Satoshi, the real MVPs are those that bought it at early stage of its development and hodl to the time it was in the tens of thousands. Imagine having bitcoin at $12 in 2012 and watch it grow beyond hundred dollars to Thousands many of the current will have sold almost everything and left off.
There isn’t any late hours to bitcoin because just like in the past no one will is certain of the how far it will grow in price. Just buy during its deep and be patient to hodl for long.

And it could be that we will be the future MVPs if we will start trusting bitcoin now and control ourselves not to fall from FUDs or any factors that would convince us to sell. We just have to establish our faith and let bitcoin do the rest. True, there’s no late in bitcoin, but those who keep on missing the opportunities will probably regret in the future and just wish that they never doubted bitcoin in the first place.

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

Market manipulators must have made me want to wet my pants, in the past years there are many FUD about Bitcoin, calling it another bubble, this could have made me give up.

You know that, and you are good, so what's your worry?
you shouldn't worry about another thing which is none of your business. Newbie is an unknown person which I feel is still a little bit stand in the crypto world. as far as I know if someone has a bitcoin, he definitely knows the risks of trading. Because trading is not only bitcoin, but many are riskier, but i don't know why then blackmail in only bitcoin?.

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

Now I don't hear my demons trying to confuse me to sell, I was there once, I knew how it felt to believe in something you don't have trust in, today I've made up my mind, to always be with Bitcoin.

You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.

Indeed, oftentimes, various FUDs always crash into Bitcoin which makes Bitcoin look very bad, so Bitcoin price also often drops very significantly. Coupled with the role of the media with different points of view, namely badmouthing Bitcoin, this will always be a complicated and influential matter for the Bitcoin market. But on the other hand, we need to know how to overcome existing fears.
I salute those of you who continue to consistently believe in Bitcoin despite experiencing bad things. Because a lot of people, especially newbies, are prone to panic when there is FUD which causes the price of Bitcoin to drop drastically. This is actually a natural thing... especially if we believe in the value of Bitcoin, which of course will continue to rise from one bullish era to another. What we need to do is be more patient so that we can survive during this bearish period.

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I think everyone did according to their level of experience and exposure towards bitcoin at then, those who kept lamenting of not holding till date would have still done same thing as well.
It is when they started knowing the usefulness of bitcoin they started correcting their errors by buying and holding back.

Even I myself was a victim of this, I couldn't withstand the pressure were everyone kept saying is over for bitcoin that year but today take a good look at bitcoin is waxing stronger and bigger in price.

To me whenever your mind is set to venture into bitcoin then follows your heart at then you can still buy and hold but what would only change is that the volume of your bitcoin might likely reduced but you still same price of bitcoin you wished to have invested before. So whatever thing you are set to do take a bold step and execute it without waiting for the public opinion.

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Quote from: Kalchef on March 27, 2023, 08:27:15 AM

Even if I have bought some bitcoin a few days after the launch day, there is a 99% chances that I would have sold the Bitcoin, the enemies of holding Bitcoin for a newbie is

1. Market manipulators
2. My own psychology

...

It all affects our minds and decision-making. Why? With a lack of knowledge and market experience, it comes to the point that we are too reliant on these experts, social media influencers, and FUDs. We usually make decisions wrong because our emotions derive from what we heard around and on the internet. It is a mistake and we all commit mistakes but this is also a learning lesson that we get from that situation. We sometimes think that was the end of our crypto journey but the truth is that it was just the beginning. No Pain No Gain...

Topic: I still believe I am on the right path - page 5. (Read 871 times)