I still believe I am on the right path - page 6.

Fatunad

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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%.

When you are just still a noob then these kind of actions were pretty common because we do still lack knowledge and awareness on how this market moves or behaves on which you would really be having that main first impression that our investment might go to zero but if you do tend to have some zoom out then you would realize that it cant really be just that possible because recovery would be always next in line.
This is why its really important that on the time that you do make out some crypto or Bitcoin investment then you should really make yourself get convinced for these possible crash or price movement
which you could eventually take it as an opportunity to buy cheap incase it do make out some decline and sell it on later when it do increase.

Hypnosis00

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Building self-confidence was not easy mate. Doubts certainly come to our mind and sometimes, we got tricked by this negativity in our minds. It was really confusing when we are hard to know what is right and what is wrong, it was hard to make decisions in a state where we are also not sure of our doings.
But I see that you already control your emotions and you start to trust yourselves and make decisions based on what you think is right. In this situation, even if you will lose, you know that there is nothing to blame.

borovichok

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Quote from: Upgrade00 on March 27, 2023, 04:29:11 PM

You sort of described what majority of newbies go through when they own their first bitcoins or sats. I had a strong resolve to hold my bitcoins from the start after exploring a little bit with altcoins and the market cycles I've gone through has only strengthened that.

Others might not have had smikar experiences and needed to anxiously hold through some up and downs in the market to not be affected much by price changes.

Newcomers are provided the incorrect tools for the market segment they are entering and are not told about it. Every day, decisions are made about which projects to invest in and which to hold for both the short-term and long-term. There is something we term beginner's luck in trading because experiences vary and not every newcomer goes through a difficult period at first. Our first priority in the market is Bitcoin, and seasonal volatility is strong right now. Being on the correct track is a safe method to make significant earnings without worrying about losses. Due to the nature of cryptocurrency, losses are unavoidable and affect all traders.

kawetsriyanto

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Quote from: noorman0 on March 27, 2023, 08:45:28 AM

The level of knowledge is also important which will give value to how high the bitcoin should be traded. How much functionality and solutions bitcoin brings that you know about will affect your chances of passing it on to someone else even in the absence of FUD or volatility.

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.

Anguwa

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It is advisable to hold onto Bitcoin for a long time due to these market manipulators. Beginners in trading frequently check their wallets to see if the price is rising or falling without realizing that this is not the best course of action. Doing so will tempt a new investor to sell off all of his Bitcoin holdings because he will fear losing it all if he doesn't sell in time to take the small loss.
Real investors will simply purchase Bitcoin in a wallet they won't even open for a while to ensure they reach their goal.

serjent05

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I think the most important factor in investment is trust in your decision. If you believe in Bitcoin, no matter what happens to the market, you will never sell your holdings until the market price hit your target price. It is more on faith than the outside factor. So yeah, I agree that your own psychological situation is your enemy in investing in Bitcoin.

If you don't have faith in Bitcoin, don't invest at all. It will only trouble and stress you along the path. The best thing to improve our belief in the Bitcoin market is through learning its economy.

Upgrade00

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You sort of described what majority of newbies go through when they own their first bitcoins or sats. I had a strong resolve to hold my bitcoins from the start after exploring a little bit with altcoins and the market cycles I've gone through has only strengthened that.

Others might not have had smikar experiences and needed to anxiously hold through some up and downs in the market to not be affected much by price changes.

Ndabagi01

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When it comes to not selling bitcoin, I believe the demon inside one is superior to market manipulators. When you're dealing with your own psychology of the so-called demon, what fuels it the most are close friends who can easily make you believe and want to sell them off, especially when you listen to their words. But, despite market manipulations, our innermost demon, government regulations, and so on, what keeps us going is our made-up mindset after having sufficient knowledge about bitcoin and where it is headed for a better future for all holders and investors in the crypto world.

Oasisman

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At the earliest stage of Bitcoin, it is inevitable to be affected by FUD especially when the price starts to decline, most people may have sold their Btc during the sharpest dip they knew before. But after several years of a roller coaster ride, people have started to realized that those huge swings are just a part of how volatile Bitcoin is and could always take advantage of that price actions.
Now, that we all have seen Bitcoin's ups and downs. It's gonna be a waste of opportunity if we still don't believe Bitcoin may still have a long way to go in terms of the ATH.

TribalBob

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bitcoin has a cycle, which repeats itself so we can predict what the price will be during a halving , even though it's not ATH but there will be a significant increase after a decline, but all of this is inseparable from fud which will test the strength of the heart to survive, but there are some who release their btc for fear of experiencing a deeper loss
but if you hold btc from 2016 I don't think you will ever experience a loss if you hold btc until the end

aoluain

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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%.

Not getting on your case OP but for a lot of newbies its very easy to be positive
over these last two weeks when the Bitcoin market is in Bull Mode. What happens
when/if the market drops sub $20,000 and stays there for a number of weeks?

1.) ignore the manipulators and the FUD
2.) stay positive and patient

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

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.

Absolutely, for the long term anytime is a good time to buy.

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The best time to plant a tree was 20 years ago. The second best time is today. - Odgers Interim. 27 Feb 2015

CryptoHeadlineNews

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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.

And I guess the truth of the matter is that now you have been able to convince the demon in you and not allow the demon in you to convince/control your actions into selling your BTCs nor the market manipulators due to it's fluctuating volatile market nature. Because one thing certain is that the likes of "Laszlo Hanyecz" who sold his 10,000 BTC for just mere 2 pizzas back then in 2010 will always regret ever making such decision back then if only he is still alive today, and likewise many will do the same come next 10yrs from now, if only they keep allowing the "market manipulators and their own psychology detect when to buy and sell Bitcoin. As the decision is yours.

yhiaali3

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Your point of view is correct, I am talking about personal experience in this matter, I got to know bitcoin since its price was about 700$ and I got good amounts of it through my work in some sites, when the price rose to 1000$ I found that this is a great opportunity and I sold immediately.

So it is difficult for people who bought bitcoin in those early times to hold bitcoin until this time, because they did not have faith in bitcoin at that time. In addition, of course, to fear and uncertainty.

Today the situation is very different, even if Bitcoin falls to 3000$, my belief will remain that it will inevitably rise to a new ATH.

Beparanf

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Market manipulators only affects short term trader. Newbie usually very gullible on trading which always watch the price moves every seconds which creates psychological effect whenever they already notice a price pattern. They usually sell the moment the price went up then wait for the dump which sometimes never occur. Newbie trader won’t buy token that they recently while the price keeps pumping.

I agree that even all of us purchased Bitcoin during day 1 still only few will still hold right now because we will surely sell our holdings to take profit and just buy back or use already the money for our personal expenses.

Dr.Bitcoin_Strange

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logically, I would say some early Bitcoin investors sold their holdings at different price, some may have sold at $200, $1000, $5,000 and more, not all those who bought Bitcoin at $5 or $100 were able to hold till the 2021 All time high, that's why I am also convinced that no body is ever late to Bitcoin investment because the technology has a big value that will continue to rise over time. There are still more Bitcoin halving to occur, and since it takes place every four years, some one who is always buying Bitcoin with DCA strategy will always make profit during Bitcoin halving because it's believe that during Bitcoin halving, the price always go up.

kelechi

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Always remember there is a cycle which we follow

lovesmayfamilis

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OP, there are many things about the value which we could not guess before, people cannot be visionaries. But in the case of Bitcoin, there are a lot of those who sold it in the early years. I compare this to the idea that not everyone is destined to be rich. I had many cases when it would be necessary to catch fortune by the tail, but unfortunately, I could not be in the right place in time.
In the same way, it can be said that you cannot be one hundred percent sure that at some time you will not be able to be true to the word that you said in your post. There are unforeseen circumstances when people are forced to sell everything, even their favorite bitcoins.
Therefore, take it easy, I always see people who swear that they will be faithful and one hundred percent sure of something, too self-confident. And as they say, self-confidence is a very dangerous thing.
Hold bitcoins for as long as possible, but don't create a cult out of them.

Yatsan

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Good thing you have the confidence to do so. Bitcoin has all the potential to generate pprofit for its investor but it is better to know that risk is present than to be too delusional with its market price behavior. Holding is indeed the best thing to do but question is, how long can you endure a bearish market trend. Just now, the market price dropped in an instant. Will drive or wagerness alone be enough to make it? Ofcourse not, patience will always be needed to succeed.

Quote from: umbara ardian on March 27, 2023, 10:09:40 AM

We can see that information is easily available today and users are gradually mistakenly thinking that everything that appears is knowledge for them that they do not have the understanding to analyze what that problem.
I find that the tricks or scams in this market will not last long, and over time those who have grasped the basics will avoid the negative information and never bother. pay attention to that. How BTC has presented an opportunity is out of the question here, and those who haven't had their luck with BTC may need to rethink how they have approached the market and are understanding it.

Indeed, along with the advantage of accessibility with information is danger with FOMOs regarding this technology. Not because many people have earned a lot from this investment, same thing would go on your end, in an instant. Knowledge should be invested as well; to know what you are engaging yourself into.

umbara ardian

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We can see that information is easily available today and users are gradually mistakenly thinking that everything that appears is knowledge for them that they do not have the understanding to analyze what that problem.
I find that the tricks or scams in this market will not last long, and over time those who have grasped the basics will avoid the negative information and never bother. pay attention to that. How BTC has presented an opportunity is out of the question here, and those who haven't had their luck with BTC may need to rethink how they have approached the market and are understanding it.

Zaguru12

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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.

Topic: I still believe I am on the right path - page 6. (Read 871 times)