Long term holders sometimes gain more profit than good traders 
Topic: My advice to Bitcoin newbies: relax - page 22. (Read 4972 times)
BTC corrections is usual market behaviour. So it is better to be long term holder and be patient with such corrections Long term holders sometimes gain more profit than good traders
Long term holders sometimes gain more profit than good traders Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
From BTC all time high which was almost 20k$ it drops to 10k$ or even at 9k+$ almost 50% of all time high price though this may hurt you seeing your portfolio dropping by almost 50%. many newbie are panic selling and yelling why btc price is going down. Much better to do average down to lessen your loss. instead of panic selling once correction for btc is over expect huge run up
My basic advice to Bitcoin newbies is this, Always take risk when it comes to investing/buying BTC. Because if your investment on BTC fails you'll learn, but if it succeeds and gets a return you'll be happy. Again, "ALWAYS TAKE RISKS".
Yes. It is one of the greatest advice we can give to newbies. Relax. I guess it is so ideal if we thought that bitcoin price will forever rise. Bitcoin price is known to fluctuate. It changes from time to time. When we see it drastically crash, there's no need to panic too much. We just have to believe in bitcoin technology. It did not fail us on the past years. So we just have to relax and wait and watch for it to make it way again to the top.
The Bitcoin game is more than 90 minutes because it's unlike your conventional sports. It is real. It's unstable. It's volatile.
To understand this, you need to go through the history book of the game. The Bitcoin game started about 8 or 9 years ago. In those times, a lot of what is happening at the moment repeated themselves over and over again.
Be cool. Study Bitcoin. Read to understand the market. And you'll be fine. Just relax.
because it's unlike your conventional sports. It is real. It's unstable. It's volatile. To understand this, you need to go through the history book of the game. The Bitcoin game started about 8 or 9 years ago. In those times, a lot of what is happening at the moment repeated themselves over and over again.
Be cool. Study Bitcoin. Read to understand the market. And you'll be fine. Just relax.
Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
I agree with you man. Bitcoin tends to grow as years passes by so don't panic whenever there is a quick change in it's price since it will still grow back again.
This is not an ordinary "price" swing. The end is near for legacy Bitcoin.
i wish that you can visit this thread again,and check what have you said in post..today bitcoin still struggling to move up from $11,000 (same as all the coins)and this is far from november when you sarcastically said the END OF BITCOIN LEGACY .but yet here is the coin alive and kicking.But to the OP this is one good advice and i guess you deserve a merit on this one.
Yeah Relax!!!!!!!!
BTC price will increase soon again, and while waiting do your part, learn more about bitcoin and its properties....
BTC price will increase soon again, and while waiting do your part, learn more about bitcoin and its properties....
Yes, I agree. Since I'm also a newcomer to this forum, maybe I should learn to know the ins and outs of everything in this forum. Because that's why I want to try to be like those who are already successful.
Let me share to you some personal lessons and philosophies I have learned through my years of investing with Bitcoins and the stock market and how I’ve been trying to master some of them until this time.
Lesson #1
WITHOUT KNOWLEDGE THERE’S NO CONVICTION
Lesson #2
ALWAYS BE READY, ANYTHING CAN HAPPEN
Lesson #3
STOP CHASING TAILS
Lesson #4
MANAGE YOUR EMOTIONS
Lesson #5
NEVER INVOLVE PEOPLE THAT YOU CANNOT MANAGE
Lesson #6
DON’T BE TOO GREEDY
THANK U
You are right, that traits also was what I learned during and while learning crypto, especially nowadays that we need to have a merit for us to rank up which other people are hard to do this should not happen guys don't be too greedy enough to give our smerit to people who are deserving especially newbies so for me I would choose to give them rather than keeping it to myself. Lesson #1
WITHOUT KNOWLEDGE THERE’S NO CONVICTION
Lesson #2
ALWAYS BE READY, ANYTHING CAN HAPPEN
Lesson #3
STOP CHASING TAILS
Lesson #4
MANAGE YOUR EMOTIONS
Lesson #5
NEVER INVOLVE PEOPLE THAT YOU CANNOT MANAGE
Lesson #6
DON’T BE TOO GREEDY
THANK U
To study history has always been the best way to understand the present and foresee the future.
Newcomers should first give a look at the history of Bitcoin to understand how volatile it has always been.
Newcomers should first give a look at the history of Bitcoin to understand how volatile it has always been.
Let me share to you some personal lessons and philosophies I have learned through my years of investing with Bitcoins and the stock market and how I’ve been trying to master some of them until this time.
Lesson #1
WITHOUT KNOWLEDGE THERE’S NO CONVICTION
Lesson #2
ALWAYS BE READY, ANYTHING CAN HAPPEN
Lesson #3
STOP CHASING TAILS
Lesson #4
MANAGE YOUR EMOTIONS
Lesson #5
NEVER INVOLVE PEOPLE THAT YOU CANNOT MANAGE
Lesson #6
DON’T BE TOO GREEDY
THANK U
Lesson #1
WITHOUT KNOWLEDGE THERE’S NO CONVICTION
Lesson #2
ALWAYS BE READY, ANYTHING CAN HAPPEN
Lesson #3
STOP CHASING TAILS
Lesson #4
MANAGE YOUR EMOTIONS
Lesson #5
NEVER INVOLVE PEOPLE THAT YOU CANNOT MANAGE
Lesson #6
DON’T BE TOO GREEDY
THANK U
if people relax they will lost them chance. if you pay 2,000$ for bitcoin at 2017 you will earn extra 10,000$ this years. Stop relaxing and buy more of bitcoins.
Actually people can use this opportunity to invest in bitcoin since it is decreasing and lots of people will be selling their funds to "cut off their losses" with a very seducing price and which is pocket friendly for those who hasn't a huge kick start budget . Moreover bitcoin price will increase certainly if people seize their chance and get some coins and actually keep them for as long as possible . Bitcoin does have some problems at the moment but everything will be okay very soon . Just stay away from people spreading rumors and false claims and you'll be fine.This is absolutely true. I tried day trading once and my mistakes were very costly compared to just holding coins for 3-6 months. You will get higher chances for profits and less room for mistakes.
Prettily sum up the point
Daytrade will eventually make you broke if you are not an experienced daytrader, panic sell, panic buy, late cutloss, etc
For newbies it is very advised to just hodl until you earn profit or atleast back to initial position where you bought it
I agree. Just holding long term is super easy. Year after year, month after month.
People can't do this because they want to be rich in short period of time. This is the worst thing ever for them but they don't know.
They make panic selling on the market and they cause more price drop.
if people relax they will lost them chance. if you pay 2,000$ for bitcoin at 2017 you will earn extra 10,000$ this years.
stop relaxing and buy more of bitcoins
stop relaxing and buy more of bitcoins
Actually people can use this opportunity to invest in bitcoin since it is decreasing and lots of people will be selling their funds to "cut off their losses" with a very seducing price and which is pocket friendly for those who hasn't a huge kick start budget . Moreover bitcoin price will increase certainly if people seize their chance and get some coins and actually keep them for as long as possible . Bitcoin does have some problems at the moment but everything will be okay very soon . Just stay away from people spreading rumors and false claims and you'll be fine .
This is absolutely true. I tried day trading once and my mistakes were very costly compared to just holding coins for 3-6 months. You will get higher chances for profits and less room for mistakes.
Prettily sum up the point
Daytrade will eventually make you broke if you are not an experienced daytrader, panic sell, panic buy, late cutloss, etc
For newbies it is very advised to just hodl until you earn profit or atleast back to initial position where you bought it
I agree. Just holding long term is super easy. Year after year, month after month.
if people relax they will lost them chance. if you pay 2,000$ for bitcoin at 2017 you will earn extra 10,000$ this years.
stop relaxing and buy more of bitcoins
stop relaxing and buy more of bitcoins
He did not say that when you relaxed you would no longer do anything. There are many newbies here in bitcoin also in trading. He just used the word "relax" because some of newbie here there always says that its too late when the price of bitcoin too high and when the price getting low they afraid and they say "will bitcoin die?" This is his advice to encourage all newbies to wait and be patient because in the next days, months and years the price of bitcoin will continue rising.
Yes, the great changes in the price of the currency recently make me feel worry, my mood is very poor, I want to sell the currency to reduce my loss, but I hold back, I don't go to see the price of the currency amount
if people relax they will lost them chance. if you pay 2,000$ for bitcoin at 2017 you will earn extra 10,000$ this years.
stop relaxing and buy more of bitcoins
stop relaxing and buy more of bitcoins
He did not say that when you relaxed you would no longer do anything. There are many newbies here in bitcoin also in trading. He just used the word "relax" because some of newbie here there always says that its too late when the price of bitcoin too high and when the price getting low they afraid and they say "will bitcoin die?" This is his advice to encourage all newbies to wait and be patient because in the next days, months and years the price of bitcoin will continue rising.
Really good advice, especially when I saw the time when this posted was created and the then price of bitcoin. Your suggestion was proved to be correct and hope this will be the rule for future as well.
Jump to: