Topic: My advice to Bitcoin newbies: relax - page 14. (Read 4956 times)
I have only one advice to newbies, if you believe at first then believe in it till last.. I also experienced resistance at first but when I proved that there is a future in bitcoin, I was really amazed, convinced and determined to do bitcoin. So for the newbies, don't quit and be patience in all your moves.
A much needed message in unstable times. Your are the equivalent to a tether coin on this thread. Actually that'd probably not a compliment. Being in crypto for 1.5 years makes you around 50 in crypto years. I agree with you on the one, too many people were expecting a constant parabolic uptrend. Be patient, don't over think and do your best to get your crypto off the exchanges onto a hardware wallet not because of risk how hacking but due to itchy finger syndrome and clicking that sell button
This is not an ordinary "price" swing. The end is near for legacy Bitcoin.
Currently Bitcoin is sitting at $6600 which is only 13% lower than the ATH. Meanwhile, BCH has crashed 3 times lower from its short-lived, artificial ATH, because it wasn't actual users who switched from BTC to BCH, but merely individual manipulators with big pockets who decided to attack Bitcoin regardless of decision of their comrades to cancel another attack called SegWit2x. People were declaring Bitcoin dead hundreds of times already, yet with every year its value keeps increasing and userbase growing.
The first impression of all newbies in bitcoin is ofcourse resistance. Many people say that bitcoin is already dead but more and more people make profit from it without many people knowing it. It is true that the value of bitcoin decreased from its initial value but it is still high compared to othwr currencies. I agree that new bitcoin users must relax and just chill. However I disagree that the wnd is near for butcoin because it ia only starting. It doesn’t reached its peak yet. Its only rising.
The truth is, the Bitcoin and crypto market are known to be wild and their behavior is beginning to spread from day to day. However, this will happen many times in the coming year. Term, I think it will be an optimistic picture and not to worry about it. In the very near term, volatility will not go anywhere Bitcoin will continue to grow so far.
i agree with OP, i understand that bitcoin behaviour is volatile even though that i dont have much experience in bitcoin activity but the lesson i've learn that as a newbie we must practice our self to be patient thats what im fully understand with this post that patient is the key of success.
For now patience is policy. It does not come as quickly as you think it might happen. You have to wait for a long time, both waiting is worthy you will not regret me guaranteed. About 2 to 4 months, the treasure is waiting for you to grab it. 
Perhaps Bitcoin will collapse maybe it will be the official currency so no one here can say for sure.
I definitely agree to the creator of this post. All newbie bitcoin investord shouldn't be easily get carried away by the sudden price drops. Just like now, we can see bitcoin has been steadily increasing in its value. People just have to make their minds regarding this topic. After all being a bitcoin investor takes a huge amount of patience and most importantly strength of will and courage.
simply put you cant constantly be green reaching ath and driving lambos crypto is volatile it will chew you up and spit you out without hesitation deffinetly relax dyor don't fomo don't day trade unless you are good at reading charts do take profits do spread your portfolio do hodl some and reinvest gains.
I think their panic selling is good education for them, We all have pass that "exem"
Its realy hard to hold or belive in technology if you are newcomer... experience is the most necessary thing
Its realy hard to hold or belive in technology if you are newcomer... experience is the most necessary thing
but if they want to learn more about trading especially about the price, then I think they can get relax for a while and not touch the market if the price is not good for them to make a profit. it is better to manage our emotion while we can do another thing that could make our mind get refresh so when we come back to trade, we can easy to analyze the coin.
I think their panic selling is good education for them, We all have pass that "exem"
Its realy hard to hold or belive in technology if you are newcomer... experience is the most necessary thing
Its realy hard to hold or belive in technology if you are newcomer... experience is the most necessary thing
You're right. We shouldn't do panic selling if price drops which is complements to our desire. Just relax and stay calm all time because what's happening is normal in bitcoin. Remember it is volatile and expect that your investment will vary also if there is any changes in bitcoin price. Just keep holding your btc and learned to be patient all the time because I believe that investing in bitcoin is profitable it depends on us on how we handle it.
Yes, you are right, the most harmful thing an investor can do for himself is panic when the price drops. I was convinced of myself that this is absolutely useless.
This advice is very necessary for young investors, it is a pity that no one told me this at the beginning of my crypto activities. I was very nervous on my first drawdown and was about to sell all my coins. But during alighted.
I guess newbies have been baptized with fire with this BTC megadump. Those who will survive this ordeal being able not to sell at a loss from now on they will know what dealing with Bitcoin sooner or later implies: the pain and the anxiety to see your money disappear overnight and for a while. Until today, the disappeared money has then later always come back, with interests.
Im slightly a newbie and does not have enough experience to get into bitcoin but i really read a lot to fully understand this which i thin the beginner lacks. Reading is essential and understanding it is important, most of us always believe on a speculations by unknown person or well known person. First let us understand that bitcoin has a high volatility rate.
information is very important,
because for the beginner automatically not so understand the movement of the value of coins owned after getting from the project follow this forum..
the point may be to be patient and always learn to be mentally formed and can follow all associated with bitcoin easily and not loss..
because for the beginner automatically not so understand the movement of the value of coins owned after getting from the project follow this forum..
the point may be to be patient and always learn to be mentally formed and can follow all associated with bitcoin easily and not loss..
tnx for ur valuable info
i hope it will help newbies a lot
i hope it will help newbies a lot
I agree with the creator of this post. Although a lot of people might argue that the current drop was a sign of bitcoin's end, practically it isn't. Just like now, for the past couple of weeks we could see bitcoin's value is steadily increasing thoroughly disproving past claims of critics that bitcoin really is at the brink of it's own end. So just like the creator of this post I would also suggest new bitcoin investors to stay calm as bitcoin's value bounces back with every drop.
To all the newbies here:
The only thing I can say is that you should think it twice before you decide.
Balance the way you think.
The only thing I can say is that you should think it twice before you decide.
Balance the way you think.
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