Topic: I'm ready to learn crypto (Read 334 times)

Well, I can understand how these newbies feel and think about during the bear market. In fact, even old timers also feel negativity which I think is very common as we sometimes let our emotions control us. I could say it was a very challenging part of crypto to learn and adapt to the unpredictable trends of the market. Most of us think that every day the price of crypto will rise, we think that after we buy coins we can generate profit right away. That is why I encourage newbies to understand the volatility of the market because that is the only way it give peace to their minds and to stay in crypto.

It is natural for a newbie to show some signs of fear, but also for a newbie who has already taken their time to learn about how the market situation is very dynamic at all time, they will still have fear for some losses they will see on their asset but will not sell, so they will hold tight, while some other newbies too who lack the proper knowledge about Bitcoin volatility and the bear market might be force them to sell. So it depends on whether the newbie has good knowledge about Bitcoin or not. Normally, some people don't like it when their asset value is dropping due to price volatility.

That's those senior members that are still afraid or scared of bear season don't have the knowledge of BTC right because, I always notice it from newbies in the community that they are the one always raise alarm about bear or bull before those professional will beginning to give advise on what to do at the moment to solve the problem. I think some of the points you made here really make sense and it will help me to reduce the fear in me during bear or bull which is the major things that is giving newbies challenge in the crypto industry.

Newbies still have lack of knowledge and experience about crypto. They don't know the bearish/bullish cycle. And they don't understand how to manage the fear. That's why newbies feel afraid during the bear market. For me, it is normal, anyone who doesn't know well crypto probably feel afraid to spend money and invest in crypto. Moreover, there are too many FUDs around crypto, even the government contributes to create FUDs sometimes. This simply becomes a serious reason to raise the fear.

We only can advice you, dude.
The fear will be decreasing gradually when you know more about crypto. So, learn more deeply about crypto, it will be the solution for your fear.

But of course, they don't know what's to come and the difference lies in the two mindsets and the miles apart in experience that comes with age and exposure. My first year here caused me a great deal of panic. Whenever I noticed price was heading down south, I would be anxious and greatly troubled. Fast forward to today's reality, I just grab a popcorn and chill to watch what happens next.

The same way I panicked years ago will be the way these new members here will panic until they learn. We know what the Bitcoin circle is now and how to go round it without getting conspicuously wounded. So, you can say it's inexperience that makes old members not fret while new members are thrown into panic over bear rally.

Therefore, decisive steps must be taken in this matter because experience will not be gained when you do not dare to try something. Likewise in crypto investment, fear is something natural but if we cannot overcome and defeat fear then forever we will never try. Risks must still be passed so that we know how to defeat that fear. But in this case it does not mean that we are careless to enter, of course the investment made must also be in accordance with what we have believed and researched before we were there.

Bear markets are really the right time to bag more. That is one of my crypto investment strategy mate. I have been able to do this for sometime now and it works for me. I really do not get it when you say you are afraid of bear market. Do you not think buying low keeps you at the right spot to make more profit when ever there is bull run. If you buy during bear run, you accumulate more coin than when it is bull run because the  price being low would afford you the opportunity to buy more volume of that coin you are interested in buying. So I will suggest you do away with the fear of bear market mate but it is wise you follow the market in it's direction so you do not fall victim of any circumstances.

It's extremely easy to comprehend this. When something doesn't turn out the way you expected it to, you will be afraid since you don't know enough about it. You anticipate it to go your way, but when it doesn't, you get more fearful of it because you don't fully understand how the system operates. However, once you are aware of how the system operates, you are less afraid since you have grown and learned from it. The reasoning holds true for all spheres of life, including crypto.

Many newbies are afraid of the bearish market because what they expected from bitcoin(a get-rich scheme) does not match what they are actually seeing. They frequently experience fear when the value of their bitcoin investment declines in a bearish market. However, those who have been involved in the cryptocurrency market for a long time and gained knowledge from it see a bearish market as an opportunity to buy more bitcoin. At that, they are not worry because, hopefully, the price of bitcoin will recover and not remain in the red zone indefinitely.

Since you're ready to learn, when you want to talk about the industry don't generals the statement that crypto isn't a scam. We can't speak for other cryptocurency since alot of them has scammed or have the potential to scam because they're mostly worthless and not necessary. We have over 9000+ cryptocurency been tracked by some of the popular tracking website and we have more that aren't track and out of those numbers 99.9% of them are going to end up been worthless in the future which doesn't support the statement that they aren't scam. Just because they haven't scammed now doesn't mean they don't have to the potential to do that in the future. They mightn't scam directly but slowly exit the market just as many cryptocurency has down in the past, leaving their investors in losses. Bitcoin isn't a scam not other cryptocurency (don't stand for them).


If you  don't want to be scared in the bear market, only Invest what you'll be comfortable losing. When you invest like that, you won't be scared of losing and you won't have anything to lose. It doesn't matter how low the market goes as it won't affect you because you have nothing to lose. Most newbies invest more than their risk limit into the market that it becomes difficult for them not to be scared when the market gets a correction The bear market is a part of the industry so we shouldn't be afraid of it but see it as an opportunity to increase our investment in Bitcoin. The bear market doesn't last forever so whatever negative impact it's having toward your investment won't last long. With this mentality you won't be scared of the bear market but looking forward to them.

Someone on the forum wrote about the importance of acquiring knowledge about Bitcoin first before investing. The question which the OP.has posed to us is a reflection of that thread. The only newbies are who are not just afraid of the bear market but of the FUD are the ones without proper knowledge.

Those newbies who aren't afraid are the ones who through their knowledge have developed their a well-thought-out investment strategy, diversification, risk management, and understanding that bear market and bull market are all a part of the crypto cycle.

I am glad that you feel confident now that you should learn about crypto. Because day 1 is better than starting the next day. Most people just execute and leave the work of today for tomorrow, and they never do that work. But those who start it and make it on day 1 come to an end and become experts on day 10.

I know they don't become fully experts, but they are better than on day 1. improvements they will see in themselves. I would love to answer your query about why newbies are afraid and why seniors aren't. Actually, I don't think that seniors aren't afraid because they are also afraid due to the unexpected and high volatility of the market.

But those who are confident about their trades are those who have some good knowledge, have done homework from their side, and know that the market will make such moves if things go right. But most newbies don't do homework, instead, they just blindly take trades and try to make a profit on the basis of emotional trading.

Thanks for the point of corrections man, that is why newbies will always act like newbies no matter how they pretend to be agood investors in the field and the best way to understand this crypto investment very well, is to be ready to learn from those that past through the system to become successful in their investment. I guess I have learned something new today from your comments that will increase my boldness not to be scared during bear market than to be patient in hodling for the bull season to take place the market before I will sell.
I agree with you mate, that with knowledge you can be able to withstand the bear market and eliminate fear of making you to sell crypto during the bear season, which is the major challenge Many newbies are experiencing from their investments today. I believe I have learned something new from your experience that will make me to succeed whenever I have the opportunity to buy crypto for future purpose.

I would avoid saying that seniors are never afraid of the market. Because the market is so rude and cannot be totally predicted by a pro-legendary trader. Who have access to great resources? But I do agree that Newbies are afraid of the market and afraid to invest in any token because they are afraid that their money will be lost once they make any transaction. But after making the first transaction, they get to know the real features of buying crypto and what benefits it brings.

Then they cannot stop themselves from saying good things about the crypto technology. Because they knew that banks are nothing but a financial house manipulating their customers' funds for their own benefit. But here in crypto, a man is the owner of his own currency and can do whatever he wants. and can hold those funds for as long as he wants.

But they should keep the best practices in mind, like choosing the best wallet and exchange for such purposes.

They said experience is the best teacher, newbie have right to be fear because when ever you like something and you have not engaged yourself you will not know the disadvantages of it, what am implying is that when they got themselves into it and continue to go for folder research that is when they will start seeing the enemy of the crypto and their bad comments, then the will began to fear, the heater of crypto are more than the lover, frequently seeing the negative word against cryptocurrency make them uncomfortable with it. Senior member will never be afraid of anything they are saying about crypto currency because they have tested it in good condition and also in bad condition which they have experience the side and that is why they can boldly said what will happen next.

I support the ideas of decentralization and free circulation of cryptocurrencies in the crypto space, but at the same time I recognize that the fears of governments about uncontrolled circulation of cryptocurrencies are not in vain. Cryptocurrency is full of various fraudulent schemes, uncontrolled assets and other vulnerabilities that cause people to lose money. On the one hand crypto users want decentralization and freedom from regulators, and at the same time users want to be in a healthy crypto space where there are no high risks of losing money or total fraud. Without regulation, the crypto market will be hit by a wave of scams and scammers, while with regulation, privacy and decentralization will almost completely disappear. How to find the golden mean, and is it possible to find it?

Because they always see the risk of  losing their money and they also don't know what to do when this situation exist that's the reason why they end up losing. But don't worry about thay we have this saying that experience is the best teacher so once they experience to many bearish and bullish market condition for sure they can learn on how to strategize their trades according to existing condition.

Thise calling bitcoin a scam are wrong because they don't know much about bitcoin and are not willing or ready to learn, despite this, they still went ahead in spreading the bad news about bitcoin because they feels it's what is going to rip them off of the corruption they had been into over years, for the reason being decentralized alone is worth what other people can use to counter bitcoin because they cannot control the whole network, also the incident of other cryptocurrencies scam has made it more difficult for others to agree that bitcoin is not altcoin.


For someone to know about bitcoin, they have to give it all necessary attention needed to learn because it requires time and relentless efforts in learning, not only that, one has to remain active and consistent in learning it always to get used to every new developments in it.


Fear of uncertainties is when a newbie made an investment and there's bear market being sustained for long and they think bitcoin will not rise again or had the fear of seing some cryptocurrencies going down completely into bankrupt and started having that same feelings coming on bitcoin, all these actually resulted as a result of inadequate information or knowledge about bitcoin that whenever it falls, it rises again unlike some other cryptocurrencies.

It's normal for beginners to fear bear markets, because they don't know how to plan so deeply about the market. But when a bear market starts, senior investors are never so afraid and they are eager to hire are knowing that the price of Bitcoin will go back to the bull market. But I think when a new investor invests and then if a bear market starts they get scared and lose patience. Moreover, they become more emotional when they lose money, which causes them to lose faith in their investments. However, new investors should be sure to hold patiently when there is a bear market and it starts again for a huge bull market.

I wanted to make some corrections here, that, not every cryptocurrency is not scam, as most of the currencies (in crypto) are scams, and developers and rug pullers are making projects just to gain the attention of the audience and to get investments. And once that platform got enough funds then they rug pull and fly away with all the money. Besides all that, cryptocurrency can not be used as an asset, only BTC can be used as an asset because it is a proven hedge against inflation.

As we all know, BTC is the best asset to hold your funds for a longer period of time, and if a person holds their funds in some other token (ALTs) then the results will be unexpected.

I think that's because newbies have less knowledge and experience than seniors. As, when I was a newbie I always tried to predict the market using my emotions and always fell prey to market sentiments. And lose a lot too. The point is, knowledge is the main factor that one should get before investing or jumping into the market. And when a person (newbie) will get aware of the terms used in trading, crypto and what types of scams are going on and how to avoid them, then that person is not a newbie anymore.

Note my words that, knowledge is power. And some will try to modify my words and will say that with knowledge practical experience is also necessary and I am also agree with that.

Every newbie wants the price of Bitcoin to always accelerate higher and not downward but as long as you are planning to join any investment, you should be very ready for anything that will happen next whether it is good or bad.
I have only witnessed a few newbies who are so scared about Bitcoin price, mostly when the price is dropping from high to low they just rush to sell their coins and never wait for the next outcome, whether the price will go up again and that is not the way it should be.
Anybody who sells he's or her coins because of fear in price drop, that means the investor is not ready for investment, that is why every newbie must learn about Bitcoin before they join so that they can be able to face anything that they come across from the investment.