We can't them either. Many holders become weak when they saw dumps in the market and immediately sell their coins. It happens several times and for sure it will happen again no matter how tried to give them advice and encouragement. Because in their mind, it is different from their thinkings and we can't actually hold them.
Letting them sell their Bitcoin is the only way to help them realize and find out that they are wrong about what they are doing. I know we don't want this thing to happen but that's the way it is and that's the sad reality.
Topic: Need to be more cautious than ever - page 4. (Read 563 times)
This should be shown to the new traders.
They are the ones who are easily falls into panic when the market suddenly moves
They could also easily be a victim of FUD and FOMO because of lack of information.
They are the ones who are easily falls into panic when the market suddenly moves
They could also easily be a victim of FUD and FOMO because of lack of information.
An acceptable state, however buying whenever with well defined stop loss shouldn't cause any problems as long as you're happy with the sl and the losses you may make...
The only aspect i avoid in the BTCitcoin market is putting a stop loss as the market could recover in a moments time and then you end up in a heavy loss, this is a unique market where stop loss function has its own risk as the market recovers quickly as it went down and you wont get a chance to enter again during that period. The only concept i follow is to wait for the market to recover and the idea of halving and a rally is still eminent and with that confidence i would not risk the stop loss function. In any other scenario it is a great option.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Massive buying isn't a problem at all as long as you're comfortable with the purchasing price and patient enough to hold until target is reached. Even the experienced traders would be FOMOing sometimes, whenever there's a sign of a possible bull run.
Panic selling will always be a pain the a**. Quick sellers is either selling when the price is falling or when the price breaks the resistance level.
As you can see, decision making will always be a hard thing when you invest in crypto space.
Fomo'ing and Panic selling is always been part of this market and even how veteran you are you would still experience this kind of decision making.It wont be that easy thats why profitability
will really be different on each trader/investor because all matters on how you do able to sell off on the exact time and buy up on the right time.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Massive buying isn't a problem at all as long as you're comfortable with the purchasing price and patient enough to hold until target is reached. Even the experienced traders would be FOMOing sometimes, whenever there's a sign of a possible bull run.
Panic selling will always be a pain the a**. Quick sellers is either selling when the price is falling or when the price breaks the resistance level.
As you can see, decision making will always be a hard thing when you invest in crypto space.
Always remember the famous line. "Buy low sell high" most of the mistakes that have done by users are the fomoing when the market or the hype is kinda strong. Imagine the hype now that bitcoin will have its new ATH and even surpass the previous one after the block halving.
We should be more concern with the newbies rather than ourselves. We know how to adjust and there is no way to stop buying whenever we are in the dip. It is a great strategy and others are missing it.
It is likely that the people who are panic selling are reducing now because we eventually got back to $10,100.
I didnt even move any position even though its below 10k now. I think its up to someone emotion to handle negative asset state but for some reason, I understand them if they will resort to panic selling. Newbie have the means to fear as their experience isnt as broad as the old timers. It is likely that the people who are panic selling are reducing now because we eventually got back to $10,100.
An acceptable state, however buying whenever with well defined stop loss shouldn't cause any problems as long as you're happy with the sl and the losses you may make...
Now may be a good time to start scalping or trading with smaller amounts though since we may be around this resistance for a while and we may even fall back and not accelerate through.
Now may be a good time to start scalping or trading with smaller amounts though since we may be around this resistance for a while and we may even fall back and not accelerate through.
Yes agreed, if we have already planned about when to trade and what amount it would be, with a backup plan as well then we will not be risking but unfortunately most of the user still make the wrong more in FOMO or panic as either they go with huge buy orders or else sell orders ending up in wrong side I wish everyone follows the precious suggestion which has been provided by yourself as taking it from smaller amount will be a good choice.
Honestly, this is such a right advice that I can feel it in my bones. I have been more scared of bitcoin recently than I ever was when it was around $3.5k and when it was around $7k, at those times I wasn't that scared because I knew that it went down as much as it can and that was the end of it, right now I feel like bitcoin could drop 30%+ and it wouldn't shock anyone at all, we are at a peak right now and not at a bottom which means that there is a huge chance it could drop off in price, when it hits bottom you know that there could potentially be a new bottom but that is a lesser risk than when its peaked and start to go down.
So right now, I am at the peak level of fear for bitcoin dropping at any moment which is why we should be more cautious than ever before in the past 2 years.
So right now, I am at the peak level of fear for bitcoin dropping at any moment which is why we should be more cautious than ever before in the past 2 years.
Everyone have their own prediction and they won't be same with your prediction. I mean, when they got profit then they will sell their asset, the won't take any risk to hold more. Buying and selling are common sense that will be happened, you have no right to force them.
That is the funniest thing when you says bull trap, how you say it when bitcoin pricr has traded on $9800-$10.000? And eth price has leaved $120 when this thing hasn't been happened. So, this is a bull run, maybe you just late to come to this place.
That is the funniest thing when you says bull trap, how you say it when bitcoin pricr has traded on $9800-$10.000? And eth price has leaved $120 when this thing hasn't been happened. So, this is a bull run, maybe you just late to come to this place.
Investors are now much more mature. They no longer hold tokens and altcoins, they will be ready to sell them all if they receive 5-10% of the profits. And that is why it is very difficult for this market to grow as strongly as in 2017
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
People will never learn nor listen. Passing from 5 digits to 4 digits price will make always people look crazy and think it is the end of the world and they should save themselves by selling even without a proper gain margin. There is also some people who bought bitcoin at +$13k and who lost any hope to get their back so selling just +$10k is better than nothing for them.
Personally I will keep holding until we will talk about satoshi/USD not bitcoin/USD
I think the most important adjectives is to be sure before investing,
If you know the worth of the product you invested in
No matter the the pressure or fud to sell. Your information will give u courage to hodl on to the green days
If you know the worth of the product you invested in
No matter the the pressure or fud to sell. Your information will give u courage to hodl on to the green days
You're right, for now, I am very considering my decision before I sell or buy crypto assets. however, it could backfire for me. Until now, I have not sold the assets that I have. I am of the opinion that the price of bitcoin will rise to be higher than now. so for now, I am not selling assets, but I am thinking of a fast way to collect crypto assets before halving.
All the time we need to be cautious because the market until now is still being manipulated, the truth is only the smart investors will survive and make money in crypto but those who are weak and does not have enough knowledge, they'll easily make decision.
If they will not learn from their mistake, time will come they will leave the market will regret but for people who got matured here, they'll always see an opportunity in any market situation, bullish or bearish.
If they will not learn from their mistake, time will come they will leave the market will regret but for people who got matured here, they'll always see an opportunity in any market situation, bullish or bearish.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
Avoiding panic sell or panic buy will be necessary because if we lose control for ourselves, we cannot see what is behind what we see. Sometimes we can miss the right time or the good price to buy or sell because we are panic. The market fluctuations will always happen, but if we can stay calm from anything that happens in the market, we can see clearly, and we can make a decision on the current situations.'
Perhaps, with staying calm, we can see that the market is not moving lower, but it is increasing so high, so we can prepare for the next thing that will happen.
rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
bull trap is when you are a bull (speculate the price is going to continue rising) and buy with the first sign of a rise but then price falls hard because the market w as in a bear mode. in short you can call it panic "buy" not panic sell.
panic sell is the bear trap which is opposite, you speculate price is going to continue falling (bear market) and sell but it recovers and goes a lot higher. we are currently in this state since we are in a bull market.
That's what the panicked sellers do when the price is fluctuating, they always panic and careless on their own behavior so that they are trapped in the losses they experience when prices are down.
Looks like we have to be relaxed when facing market conditions like yesterday I think many are selling at the time of decline yesterday while those who know better they buy and return their profits I think we need to stay calm to face the surging market.
Looks like we have to be relaxed when facing market conditions like yesterday I think many are selling at the time of decline yesterday while those who know better they buy and return their profits I think we need to stay calm to face the surging market.
Guys, It's time we need to be more cautious and avoid panic sell or massive buy we might see more of these market fluctuations which might be tempting as well as bothering. Please consider a broader picture before making any decision and consult with fellow peers rather than falling for a bull trap or panic sell, lets learn from our mistakes we made in the past.
This should have been done ever since to avoid getting into a bull trap who you can't blame other people who fall for those unreliable speculations. As investor it is very important that we study how the market moves so that we will not have to depend our decisions from other people predictions and for us to ensure we are not going into a bull trap.
Right.
I have been looking at my past posts. Literally way back.
While looking at it, it brought me back to what should be done.
Keep more bitcoins as much as we could.
Every satoshi will count. Oh! I could remember how difficult was it doing faucets and all just to earn 100k satoshis per day staying awake until the next morning.
If all of that was kept then I could have a lot by now. But because of panic and also those wannabe analysts that I believed in, I sold it all.
Now, it wont be the same case. It should not be.
I have been looking at my past posts. Literally way back.
While looking at it, it brought me back to what should be done.
Keep more bitcoins as much as we could.
Every satoshi will count. Oh! I could remember how difficult was it doing faucets and all just to earn 100k satoshis per day staying awake until the next morning.
If all of that was kept then I could have a lot by now. But because of panic and also those wannabe analysts that I believed in, I sold it all.
Now, it wont be the same case. It should not be.
Thanks for reminding us but I am sure a lot of us have already learn in our past experience.
Maybe the newbies now are so happy with the price pump but for us, we are not so excited anymore as we have seen this many times in the past.
Let's just relax and do the right thing at the right time, sell when there's a profit and hold when price is still not reach.
Pretty simple, let our experience help us to decide and don't get fooled by our emotion anymore.
Maybe the newbies now are so happy with the price pump but for us, we are not so excited anymore as we have seen this many times in the past.
Let's just relax and do the right thing at the right time, sell when there's a profit and hold when price is still not reach.
Pretty simple, let our experience help us to decide and don't get fooled by our emotion anymore.
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