If you got emotional about the dip today, you need to manage risk better

yohananaomi

sr. member

Activity: 2366

Merit: 267

Vave.com - Crypto Casino

Quote from: pinggoki on January 12, 2021, 03:25:02 AM

I am thinking that the dip happening right now is normal, because first of all it is part of investment in which there are really up's and down's sometimes, but as people have been said, don't be carried away by this kind of things because if you are really a true investor then probably you may know what yo do in this kind of situation like this. Every investors and investments has a key on how they will resolve this kind of happenings.

Crypto is full of mysteries and anything can happen, I agree with you that the decline / decline is a natural thing and investing there must be ups and downs, obviously that but the most needed is to be able to refrain from panic because if you panic it will be able to make the wrong take actions that can actually be harmful.

but I only suggest to you before you complain about the decline, open it and look at the chart of what has been done so far, the past few months and it is often done both up and down with a fairly high price range in a day. and that's a normal thing and after that it will return to its original state, which will increase again.

pinggoki

sr. member

Activity: 1442

Merit: 390

★Bitvest.io★ Play Plinko or Invest!

I am thinking that the dip happening right now is normal, because first of all it is part of investment in which there are really up's and down's sometimes, but as people have been said, don't be carried away by this kind of things because if you are really a true investor then probably you may know what yo do in this kind of situation like this. Every investors and investments has a key on how they will resolve this kind of happenings.

manfredmann

member

Activity: 518

Merit: 21

I suggest you need to hold not diversified because other altcoins are actually bad and I do not believe in them. I only believe in bitcoin. There are good altcoins in the cryptocurrency market but when you pick at them you will be having hard time. ETH is good but I do not also it would be that good to hold in the long run. Remember ETH once had drop to 190$ and it can happen again once you diversified your crypto investment to these altcoins.

raidarksword

member

Activity: 2044

Merit: 16

I believed this dip is only part of the price corrections and nothing to panic like everyone else that carried away that made them panic and startled them to sell their assets. In this industry losing control of emotions will only make people make bad decisions that's why this will be the important piece to a person to make good and wise decision no matter what may the situation it may be.

sunsilk

hero member

Activity: 2884

Merit: 620

Quote from: acquafredda on January 11, 2021, 10:13:13 AM

Quote from: sunsilk on January 11, 2021, 10:07:40 AM

Quote from: kulboi123 on January 11, 2021, 08:33:22 AM

Dips and rallies is part of investing, it happens in every asset class except t-bills. If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance. A 100% cryptocurrency position is bad strategy, or no strategy at all.

Not everything will rise forever and that's why a dip has to happen which we've seen today. But after this dip, we'll see the next recovery. That's the usual thing that happens for bitcoin. And look with those mainstream media publishing that an expert says(U.K FCA) that crypto investors will lose a lot of money.

Crypto investors ‘should be prepared to lose all their money,’ top UK regulator warns

Isn't it timely that these articles comes out when the dip comes? Roll Eyes

The strategy of listening to the bad news makes other bitcoin holders initiate panic selling.

They were waiting just that I am afraid. I have read it right before you posted it and I had a similar view: I saw this game back in 2013/4 and again in 2017/8. Nothing new, journalists need to get readers and clickbait on a daily basis.

Yes, they usually get more engagement and traffic by doing some that kind of sense for their topics. A clickbait and at the same time, they're making their readers go into the panic. And as a result of it, many again have lost who have bought at the top and sold when it dropped.

Just as today, we're back to $36k real quick.

Quote from: jimmywh on January 11, 2021, 10:35:46 AM

I have bought at both 25k, 30k, 35k and 40k. Without the slightest regrets. I have done this from an investors pow, not a traders pow.

Good for you if you've done that. There are buyers that regret what they've done because they don't have a clear plan and vision for the future.

Kakmakr

legendary

Activity: 3430

Merit: 1957

Leading Crypto Sports Betting & Casino Platform

The thing is... most new investors and specially the larger institutional investors are not used to Crypto currency volatility... so they scare easily. Roll Eyes

A lot of these people are also speculators that entered the market, because of the latest price spike and they only care about profits. So when we have a large dump like this...these people are the first to run and they cause a stampede when the sheep follow them.

Most of the early investors are used to this, so they are not phased at all.... we sit back and enjoy the show. Grin

gurunanakji777

full member

Activity: 2086

Merit: 100

Chainjoes.com

Well said many newbies investors bit depressed by the dip but they should not be depressed as the correction phase of the market is going on. Let's see where the market stops now today market recovers a little bit but on the basis of my 4-year experience I learned many bitter lessons from this market & I always try to avoid the same mistake again and again. To manage the risk in a better way always diversify your investments so that dip does not afraid you.

tinopener

member

Activity: 224

Merit: 36

Quote from: kulboi123 on January 11, 2021, 08:33:22 AM

Dips and rallies is part of investing, it happens in every asset class except t-bills. If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance. A 100% cryptocurrency position is bad strategy, or no strategy at all.

Well, the idea of bonds is that they shoot up when stocks go down - if only for a little while, so you need to be monitoring constantly during stock market dips in order to take bond profit. Have a look at the March crash.

But yes, absolutely, A 100% cryptocurrency position is bad strategy.

Anybody with 100% in crypto needs to immediately start looking at other asset classes such as shares, bonds, property, infrastructure and precious metals.

If you have a very high appetite for risk, also look at venture capital.

Also, bear in mind that this year you will probably make as much money speculating on companies involved with bitcoin - I'm kicking myself for missing the 1200% spike in the Bitcoin miner Argo Blockchain over the last 3 months.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Not everyone can manage a dip like this one, the drop is almost $10K and a newbie who just bought BTC hoping to want to earn just lost the value of their coins. If they tend to need money right now, they will try to cash out in loss.

Some talks I've read was that the reason could be the riot on Whitehouse and Biden delaying the stimulus package. Whatever risk management means but for the rest of us, it's about what they expect to earn and disappointed when the dip began.

Peanutswar

hero member

Activity: 1498

Merit: 974

Bitcoin Casino Est. 2013

On the week I saw something changes with the market price of the bitcoin and ethereum I make some trend line and use the indicators and there is something suspicious with the MACD indicates there are upcoming downtrend and what we expected this is another correction if the Bitcoin does not fall this time at the price of 32k there is a chance it will go up another ATH, most likely 45-50k USD and the Ethereum will start to make another move. Don't forget the alt season. Also, there is another event which is the Chinese new year last year we experience a red market.

john_nautica

full member

Activity: 966

Merit: 102

Quote from: Bitstar_coin on January 11, 2021, 09:12:14 AM

Quote from: kulboi123 on January 11, 2021, 08:33:22 AM

Dips and rallies is part of investing, it happens in every asset class except t-bills. If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance. A 100% cryptocurrency position is bad strategy, or no strategy at all.

It is always better to have it in mind that there will be time for correction, even if you diversify as long as the assets is crypto the dip will also affect it, anyone who can not afford to accept the dip can strategize to sell while the market is full operation oe when the price is pumping, dip is part of the market, it helps the market to be healthy.

Well said. Truly, stress is expected in any investment we may choose to do but not being able to handle it is not good. As they say being too emotional is not just bad for overall wellbeing but also affect people in making decisions that are not sound and wise. Thus, if this dip brought much emotions and stress it is indeed a time for an aspirant to diversify investments. And most importantly is to seek knowledge and observe every market situation and its movement when making investments.

seagates

jr. member

Activity: 127

Merit: 1

I not feel any special emotions today. I just sell everything in my ownr wallet yestarday and will rebuy it letter. Just a good chance to earn a bit more in coins for the future. Maybe even mid-term future

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

I guess I was quite an odd dude then. I called the top @ $41k and said to mysef that it will be hard to breach that price just yet, and noticed that the orderbooks suddenly filled on the sell side. I converted back to fiat almost immediately and price came crashing down an hour later. Right now I’m still enthusiastically waiting for the price to go sub-$30k before I buy again. Managed to earn 30% in profits from $24-$27k so I thought I could repeat another lucky beat for myself. There’s nothing bad seeing red streaks if you’re in it for the long time. It helps you average your buys and put you in a rather comfortable position, too, in the long run.

BrewMaster

legendary

Activity: 2114

Merit: 1292

There is trouble abrewing

if anyone is getting emotional today because of the dip it is because they are absolute beginners and they were too lazy to take a look at the history of what they bought! they just jumped in and bought bitcoin without seeing the charts ever.
otherwise anyone who has looked at the charts knows that such drops are very common in bitcoin and they are indications of a healthy and strong bull market.

Quote from: kulboi123 on January 11, 2021, 08:33:22 AM

If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance.

unfortunately most people see this as meaning "buy altcoins" and then end up losing a HUGE amount of money since altcoins get dumped whether bitcoin rises or falls.
just take a look at the altcoin board and see how many are talking about "diversifying" into shitcoins.

samputin

sr. member

Activity: 1036

Merit: 294

Experiencing stress with the dip is just normal, IMO. I mean, some things really has the capacity to bother us somehow. But what's important is that you don't dwell on that stress because it won't help the price to spike in the first place. It's okay to acknowledge your feelings but not for too long. This is not a place for those who cannot deal with their emotions well. This dip is also normal so get used to it.

finn.cole

newbie

Activity: 26

Merit: 1

Yeah, I agree that you need to be stress-resistant in investing. It's a crypto exchange and every day there are ups and downs. Today may be lucky, tomorrow not. And that's okay! A couple of days ago bitcoin was worth 41k, and today it has dropped to 33k. You just need to deal with stress and be okay with things that happen.

CODE200

sr. member

Activity: 1428

Merit: 308

★Bitvest.io★ Play Plinko or Invest!

There are just users and investors who are getting the idea of this industry, the wrong way. Not because there is a rally in the market price of a crypto, Bitcoin perhaps, it would already mean that it will be consistent. We should understand how things are really going. In this industry, there's no consistency with the movement of the market prices. There is always a chance for a dip, and a chance 'at peaks', we just cannot tell. Speculations are somewhat helpful but it will not determine what will exactly happen. Actions should be thought as many as possible before doing the actualization. Diversification won't guarantee less risk, it depends on to where will you diversify your investment. The best way to lesser the risk is to not make hasty actions, just carefully observe the charts.

jimmywh

member

Activity: 140

Merit: 22

I have bought at both 25k, 30k, 35k and 40k. Without the slightest regrets. I have done this from an investors pow, not a traders pow.

Question123

sr. member

Activity: 1624

Merit: 267

Being emotional for evey dump of the bitcoin is not really needed because it will cause for you to panic and the bitcoin you keep possible to sell even you lose money. Being calm during the dumping is really good if you are chosen to be longterm investors and the fund you use is the extra. I think why people are panic because they are chose shorterm, not enough knowledge and also they use the money for the daily needs.

acquafredda

legendary

Activity: 1316

Merit: 1481

Quote from: sunsilk on January 11, 2021, 10:07:40 AM

Quote from: kulboi123 on January 11, 2021, 08:33:22 AM

Dips and rallies is part of investing, it happens in every asset class except t-bills. If you got stressed out, you probably need to diversify your portfolio to appropriate allocations for your risk tolerance. A 100% cryptocurrency position is bad strategy, or no strategy at all.

Not everything will rise forever and that's why a dip has to happen which we've seen today. But after this dip, we'll see the next recovery. That's the usual thing that happens for bitcoin. And look with those mainstream media publishing that an expert says(U.K FCA) that crypto investors will lose a lot of money.

Crypto investors ‘should be prepared to lose all their money,’ top UK regulator warns

Isn't it timely that these articles comes out when the dip comes? Roll Eyes

The strategy of listening to the bad news makes other bitcoin holders initiate panic selling.

They were waiting just that I am afraid. I have read it right before you posted it and I had a similar view: I saw this game back in 2013/4 and again in 2017/8. Nothing new, journalists need to get readers and clickbait on a daily basis.

Topic: If you got emotional about the dip today, you need to manage risk better (Read 241 times)