My advice to Bitcoin newbies: relax - page 23.

Generalbablita

newbie

Activity: 42

Merit: 0

Quote from: hatshepsut93 on November 12, 2017, 01:44:50 AM

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.

Thanks for the tip. I'm trying to maximize my time in this forum by learning as much as I can. And posts like this are really helpful.

Geoll29

member

Activity: 266

Merit: 10

They strategy in investing whether it is through bitcoin or stocks is to keep buying if the price is low. Hold it if you think the price is near its peak. Don't wait for the peak price because no one really knows what the peak price will be. Then sell it if you think you earned enough.

dhka

full member

Activity: 266

Merit: 101

The Experience Layer of the Decentralized Internet

Quote from: vincentbeth934 on January 15, 2018, 07:34:16 PM

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

dynospytan

sr. member

Activity: 364

Merit: 256

Panicking is always a problem for a newbies when bitcoin price is dumping. We cannot blame them because maybe they still don't know yet how digital cryptocurrency works that's why the are panicking. It is up to them if they want to sell their coins because in the end they will gain knowledge if they made a wrong decision.

yubsep

sr. member

Activity: 658

Merit: 251

Quote from: hatshepsut93 on November 12, 2017, 01:44:50 AM

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.

Good advice for beginners. Holding for long term investment, if you can't handle you trade without losing.

White32

member

Activity: 146

Merit: 10

My advice to the newbies is be patience and learn to wait the result for what you did. Success is not come easily the time that we expect for. Just do your best and beware for choosing the ICO you'll want to join for cause some of these are just a scam.

Dexion

full member

Activity: 812

Merit: 101

very good advice, I appreciate your statement. yes, I as a beginner little understand how the fluctuation and technical bitcoin graph, I will keep bitcoin up to the moon, then I will take advantage.
I've also been looking for profits from trading, but I only get a little profit.

gambitcoin53

member

Activity: 378

Merit: 25

Quote from: barabut on November 13, 2017, 01:05:40 PM

Quote from: hatshepsut93 on November 12, 2017, 01:44:50 AM

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 your words but on the other hand due to my losses we have to quit at some level otherwise the loss will increase.

that is why we should only invest what we can afford to lose, do not invest all you money and i am not talking about bitcoin alone, in all kinds of investments, we should remember this, invest only some extra money, and putting money in bitcoin does not guarantee you a 100% returns, you just have to play it wiser, all we need is a good timing, that is the essence of investing. buy when it is low then sell if it is high. do not reverse it otherwise you will lose much likely all your money. volatility is risky, play it wise and you will benefit from its movements. good luck mate.

Lady Coquet

sr. member

Activity: 454

Merit: 251

Yes. Indeed, just relax and wait. Patience is virtue. All things does not come as quickly as you think possibly it could be. You have to wait for a long long time, well waiting it is worth you won't regret I guaranteed. For about approximately 2 to 3 months only, the treasure is waiting for you to grabbed it.

derdgzmn30

jr. member

Activity: 93

Merit: 2

Just relax and have patience for waiting the highest value of bitcoin. That is the only tip I can give to newbies in this cryptocurrency industry.

PsylockReborn

member

Activity: 420

Merit: 24

Quote from: hatshepsut93 on November 12, 2017, 01:44:50 AM

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.

Most of the people who easily go into panic selling or dumping of their bitcoins are those emotional investors that is very new to crypto world. They only have bitcoins due to its hype and popularity now a days. I guess most of the newbies nowadays are into short term investment when it comes to bitcoin and other alt coins. I concur with your suggestions of not touching our coins when the value falls heavily.

lyoth

jr. member

Activity: 38

Merit: 11

This advice was good back then (right before our run to 20k) and is also good now. Dont get desperate because we havent seen growth in the short team. If you believe in the technology its very easy to hold and just relax.

elvinjamon

newbie

Activity: 70

Merit: 0

Quote from: hatshepsut93 on November 12, 2017, 01:44:50 AM

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 sir. Newbies shoukd not hurry about earning money in bitcoin. They should work hard to post to some topic or create topics otherwise. They should know by now that bitcoin will increase in the long run

vincentbeth934

newbie

Activity: 77

Merit: 0

Quote from: MattF24 on January 15, 2018, 07:28:38 PM

I would also like to add for the benefit of newbies: Holding for a longer time-frame gives better results than trading frequently.. More action = more chances for mistakes.

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.

Tramle091296

full member

Activity: 462

Merit: 100

Quote from: ChironRegera on November 12, 2017, 01:45:50 AM

This is not an ordinary "price" swing. The end is near for legacy Bitcoin.

I Think its not. Its to early to said that. If bitcoin ends what will happen to the altcoins???

MattF24

newbie

Activity: 88

Merit: 0

I would also like to add for the benefit of newbies: Holding for a longer time-frame gives better results than trading frequently.. More action = more chances for mistakes.

reda

sr. member

Activity: 910

Merit: 260

Quote from: Philipping on January 15, 2018, 07:17:07 PM

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

It good opportunity for the future growth and you will learn more information and get some ideas for the future invest and improve the business process. Wait for the some time you will get the chance for join the campaign. It good opportunity to get some information and profit. It will connect the all country people. So you easy to get some ideas and share some process information. It time to accet process. So you will know it.

Philipping

newbie

Activity: 17

Merit: 0

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

valentine401

full member

Activity: 378

Merit: 100

Quote from: hatshepsut93 on November 12, 2017, 01:44:50 AM

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.

Most of the newbies will really panic when the value of their coins melt down on the market. The value of every coins in the market is always depending on the supply and demand so you just need to chill if your coins value is decreasing because eventually it will increase again after a few months.

pickledflu

newbie

Activity: 12

Merit: 0

If you are new in the industry, don't be too hasty in making decisions. Remember, small steps will lead you to bigger success and waiting for the right opportunity will be worth it.

Topic: My advice to Bitcoin newbies: relax - page 23. (Read 4956 times)