Topic: Newbies: Don't panic and learn to hold - page 3. (Read 1538 times)
Newbies learn only how to sell bitcoin and get money but some many of them don't learn how to hold for long term and make money. Why some of them don't hold coin it because they are interested to make much money and also feel holding a coin now means it will be a part of them losing their coin
who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal
But we are only human after all and are affected by our emotions, whether it is the fear of losing money and panic at the sight of a fall in the crypto market. In general, I understand what you said and agree with it, but I want to add something from myself. As for money, investments and crypto, emotions have a very bad effect on this. I would say that it is even extremely contraindicated to interact with any finances under the influence of emotions, especially panic and fear. As a rule, this only leads to aggravation of their situation and material losses. Therefore, when investing in bitcoin, you need to keep your emotions under control, no matter how not easy it is during falls like now, but without it it is almost impossible to invest in bitcoin. Nerves of steel decide in this area. 
You should not only address Newbies because even Old timers sometimes forgot this behavior and become panicking after each dumping market , Look how the market move is this sounds like total newbies actions?
the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder
try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.
It might be true than an old timer can experience to panic sometimes but it's just temporary as they then realize that they are not a newbie anymore to act things that only newbies are supposed to be doing like panic selling instead of panic buying.the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder
try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.
There are some that sells intentionally but the main reason why they did that is because they want to use the profit that they get to buy more btc's at a much cheaper cost. That is not bad either but long as they aren't selling at a loss as I think that doesn't make sense anymore but If that is the case then better if they will just hodl their existing coins and only use the money from their own pocket or from other sources.
Panic is something that cant really be avoided because we dont like to lose money which is normal and the difference mainly on how people would react whenever they do see a declining market.
For noobs then usually they do panic sell or simply following others been suggesting and it would really be depending on someones preference and control or decisions.
Hold is considerable or the most common option but there are ones who do love to play with the movement of prices.
Although a newbie to these forums I have spent a few years involving myself with the ups & downs of the Bitcoin story. And what folks young & old have to understand is that its main value is as a form of currency. You may be investing in it as an asset like someone buying the fiat of a nation in recession when its capital is devalued, hoping to resell for a profit after an expected economic revival, but it is still its ability to function as a private & instant currency bypassing prying eyes & grabbing hands that makes it valuable in general.
So then you have to have a think about what a currency is. How revolutionary & game-changing the first forms of minted cash must have been, how many were sceptical, how many refused to participate assuming it was some sort of a scam, how many wars were fought over it. By now, we take it for granted that lots of people do horrible & wonderful things every day in the name of money, but once upon a time it was a concept token.
And now we are witnessing, over the last decade, the emergence of a new currency. A world currency, if you like. Internet money. It is decentralised so no single state or actor has authority over it & many are really frustrated with this.
Through this we can all learn the patience of a wise investor, & only invest in things we can be genuinely interested by
#HODL
(Hold On for Dear Life)
So then you have to have a think about what a currency is. How revolutionary & game-changing the first forms of minted cash must have been, how many were sceptical, how many refused to participate assuming it was some sort of a scam, how many wars were fought over it. By now, we take it for granted that lots of people do horrible & wonderful things every day in the name of money, but once upon a time it was a concept token.
And now we are witnessing, over the last decade, the emergence of a new currency. A world currency, if you like. Internet money. It is decentralised so no single state or actor has authority over it & many are really frustrated with this.
Through this we can all learn the patience of a wise investor, & only invest in things we can be genuinely interested by
#HODL
(Hold On for Dear Life)
You should not only address Newbies because even Old timers sometimes forgot this behavior and become panicking after each dumping market , Look how the market move is this sounds like total newbies actions?
the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder
try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.
It might be true than an old timer can experience to panic sometimes but it's just temporary as they then realize that they are not a newbie anymore to act things that only newbies are supposed to be doing like panic selling instead of panic buying.the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder
try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.
There are some that sells intentionally but the main reason why they did that is because they want to use the profit that they get to buy more btc's at a much cheaper cost. That is not bad either but long as they aren't selling at a loss as I think that doesn't make sense anymore but If that is the case then better if they will just hodl their existing coins and only use the money from their own pocket or from other sources.
who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal
yes .... this is normal and human but basically selling it when it goes down whether it's because of panic or with an assumption and strategy sometimes leads to luck if the next price trend continues to fall and if it's the other way around then this is called bad luck. holders have their own beliefs and assumptions how to deal with the market and their choice is the best according to each of them 
who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal
That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.
As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.
After seeing the ATH, how foolish someone if they still have to choose to sell their BTC. They're just weak-hands who can't hold with a small patience. This market is not for them if that's how they think about the market and it's not actually for newbies. So if you are in this market for a long time you should know what to do in this kind of situation.As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.
Always HODL if there's a correction/dip and do some DCA since that would be the only thing you can do in this market situation. Please understand that there's right time for bullish trend and bear trend and this time it's bear trend already. So HODL!
This is natural because it can be said that these beginners go through a fairly important stage, actually because before they go directly to investment, it is better if they study all the possibilities that will happen and what risks they have to accept when something like this happens.
But in reality they pass this stage and immediately jump into buying so that indeed when a bearish trend like this occurs, it is natural for them to panic.
I myself became more focused on DCA. Because I don't want to regret like when bitcoin hit ATH. and at that time I was very sorry for not having many. so I feel when the price of bitcoin drops then this can be used as an opportunity to accumulate bitcoin little by little.
i also invest in gold and i am now pausing to enter shitcoin because after all when the market situation is like now then the opportunity to take profit from shitcoin trading is very difficult. although i still trade daily but i only trade in bitcoin for now. current price fluctuations are also very good for scalpers. so I trade daily and profit from day trading I always set aside a little to increase my capital for DCA for long term. In this way, my mental and psychology are not disturbed by any kind of market situation. Of course, everyone has their own way of dealing with the current market situation.
i also invest in gold and i am now pausing to enter shitcoin because after all when the market situation is like now then the opportunity to take profit from shitcoin trading is very difficult. although i still trade daily but i only trade in bitcoin for now. current price fluctuations are also very good for scalpers. so I trade daily and profit from day trading I always set aside a little to increase my capital for DCA for long term. In this way, my mental and psychology are not disturbed by any kind of market situation. Of course, everyone has their own way of dealing with the current market situation.
Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.
That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.
Always HODL if there's a correction/dip and do some DCA since that would be the only thing you can do in this market situation. Please understand that there's right time for bullish trend and bear trend and this time it's bear trend already. So HODL!
This is once more a matter of trust and time preference. Once you understand the bascis of how our economy works and how it will colapse somewhere in a (near) future and when you also understand about the Time Preference, it will be a no brainer on how to hodl Bitcoin whatsoever! It's almost crystal clear and with a few things I just read about how corrupt is America's governments and about a few other things related wit EUA positions and UE compliance with American crap, then, it might be sooner than most think! I'm a bit scared of the outcome of some of the things I've just read about! But it's not for this thread!
DdmrDdmr has recently shared in the Spanish local board the data that the 56% of Bitcoin wallets are in positive.
To me, it is a lot less that I expected (I thought there were many more old wallets with "cheap" Bitcoins). I suppose that this is good news, as not so many wallet owners can sell at a profit thinking that 20K is enough. Briefly, that there will be more hodlers by obligation than I expected.
Another important insight would be to know how many Bitcoins are deposited in the wallets that are in negative. But without going so far, and ignoring other factors, I feel more optimistic about the future.
To me, it is a lot less that I expected (I thought there were many more old wallets with "cheap" Bitcoins). I suppose that this is good news, as not so many wallet owners can sell at a profit thinking that 20K is enough. Briefly, that there will be more hodlers by obligation than I expected.
Another important insight would be to know how many Bitcoins are deposited in the wallets that are in negative. But without going so far, and ignoring other factors, I feel more optimistic about the future.
Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.
People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime, their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.
Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.
That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.
This call is not just for newbies but this is for everybody. Maybe for old-timers, this is not hard but still, many of them have not appreciated the word HOLD, it is somehow they got influenced by their negativity. In fact, looking back on the surge of panic selling in the last bear season, it can't be possible if we still don't value this thing (hold) this time.
I think this was the time to open up our mind and think about what we can help the market as panic selling never contribute positively but rather seeing negative results. We don't just ask but to encourage everyone to become strong and let this bear season pass worrying about nothing.
The bear season will always come and go in the crypto market, so either we learn to adopt it, stay out of panic and just buy and hold, or just leave the market because you can't bear seeing the prices dropping. Most of us have been making terrible losses this time, but if you continue to just hold your investments, i guess losing will also be impossible. But i suggest to keep buying while the market is bearish, as this is the best time to buy and hold and create huge profits in your portfolio in the future. I think this was the time to open up our mind and think about what we can help the market as panic selling never contribute positively but rather seeing negative results. We don't just ask but to encourage everyone to become strong and let this bear season pass worrying about nothing.
When we invest, of course, we already understand all risks
That should be the risk onna norms but things don't work as expected atimes, our actions lacks perpetual precision in determining the real state in market trend for bitcoin price and volatility, despite our understanding of the risk involved we still believe we can't fall a victim for wrong prediction and eventually fall.
including dropping prices or loss opportunities, as we know that bitcoin is a type of high risk investment so that before entering then we must do the analysis including ready if the price of drops
If we assume bitcoin to have high risk on investment what then should we say about the altcoins? Bitcoin rather isbthe available option to safety from the high risk involved in shitcoins investment.
People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime, their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.
Bull market will definitely happen, but those who can't wait can only panic because the assets they buy are at high prices. Their psychology is finally shaken as the market continues to fall.having money in reserve is helpful at this point, buy cheaper and hold on until the price reaches more new ATH.
Since the bitcoin market is indeed very volatile, it is not easy to reach it.
Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.
People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime, their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.
The time seems quite tough to keep patience and believe in bitcoin but that’s probably the right thing to do at the moment. If you look at bitcoin’s history, it has proved its worth over and over again. Keep your bitcoins safe and let them do the magic for you.
I used to fear this kind of season as well and I've also thought that Bitcoin could lose its value because of the current market situation but things didn't work that way. The Bitcoin history would show us how it has resisted and passed all the tests of time. While others are in fear, we should just hold and see how Bitcoin would strike high again when the market recovers. Bitcoin investment will always be like a roller coaster ride but we should trust its capability. So just hold till what?... I think safe investing should have a liquidation point. Unless you are really devoted to that stock or cryptocurrency.
Every cryptocurrency trader has a goal what really he wants to do. Most of the time he doesn't know Is he a trader or an investor? Let me say that the trader is working with short time success on the other hand investor can be a long time holder like 1 year or 1 era or more. One of the biggest mistake in the crypto life that we can not identify what we are, trader or investor? Sometimes we become a trader by buying a crypto and after some time we treat as investors these thing creates Chaotic environment in crypto life. First we need to understand crypto then determine short tram or long tram. Remember, Some times taking early decision is Irrecoverable in crypto life.This creates confusion on those people and many times they are unable to apply one strategy or the other, and this makes them lose a massive amount of money due to this simple mistake.
Jump to: