Topic: Newbies: Don't panic and learn to hold - page 4. (Read 1538 times)
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.
When we invest, of course, we already understand all risks, 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 aim to profit then the hold is the best option rather than selling due to loss and panic.
people who does not understand the value of bitcoin are the one who panic for cryptocurrency selling. it is real that Bitcoin have it's kind of values and it's kind of risk method. Anybody who invest in Bitcoin knows it involves of buying and selling and also lose and profit. When the price of cryptocurrency is falling some new investors quickly panic to sell while in other way round people who panic fall to the category of lost,why people who withhold their currency ends up for making profit and especially people who hold for long term 
those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus
Because of volatile market of bitcoin, it can get lower and that is how we must prepare if it is likely to come. We can have the idea that we shouldn't be confident with what we can see because anytime it can move at any range that it can.But there is no need to panic and just don't think that you can beat the market.
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.
If you do not have a clear intention coming into the Bitcoin market which should be for the long term then it is most likely that those traders will definitely make mistakes when we start seeing price dips like this in the market but for those that knew why they are investing and what the target time is, it most definitely wouldn't really matter when there is a price dip in the market.
indeed we do not totally trust the analysts who predict the price of bitcoin. just use it as an additional reference source material to complete the analysis by each of us. In a bear market like this it is very important to maintain emotional stability. stay patient and avoid panic. keep using the DCA method for those who still have funds to buy and if you don't dare to enter, it's better to keep monitoring the market while waiting for the bull market to come. because of course we do not want to lose the golden moment in the market. but the fact is that even though panic indicators dominate, the number of wholecoiners continues to increase rapidly.
When we invest, of course, we already understand all risks, 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 aim to profit then the hold is the best option rather than selling due to loss and panic.
Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.
those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus
Because of volatile market of bitcoin, it can get lower and that is how we must prepare if it is likely to come. We can have the idea that we shouldn't be confident with what we can see because anytime it can move at any range that it can.But there is no need to panic and just don't think that you can beat the market.
Although I also understand those people who still choose to sell in this bearish time. Because we have different plans and strategy. Perhaps cutting losses is what would work for them because they are for the short term only. Meanwhile, for those here for the long term won't be bothered so much. In fact, they would be celebrating because this will be the best time to buy in low position.
those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus
During this bearish market season, it's really a normal occurrence that most people tend to panic and sell their assets because of the fear that they might lose all of their investments the moment the market continues to crash. It's a normal feeling that people get afraid of the worst possible scenarios. After all, money is hardly earned nowadays. However, if a person that entered the crypto world has an organized plan beforehand, the market fluctuation and even market crash won't get into them.
Proper risk assessment and management are needed in order to survive the crypto world. One must not do things hastily so that he won't regret big time later on. In addition, doing an in depth research is essential so that you won't be shaken once things go haywire. This is because you already established a plan and has bigger picture in mind before actually risking. Which makes it great because you won't be eaten up by anxiety.
Although I also understand those people who still choose to sell in this bearish time. Because we have different plans and strategy. Perhaps cutting losses is what would work for them because they are for the short term only. Meanwhile, for those here for the long term won't be bothered so much. In fact, they would be celebrating because this will be the best time to buy in low position.
Proper risk assessment and management are needed in order to survive the crypto world. One must not do things hastily so that he won't regret big time later on. In addition, doing an in depth research is essential so that you won't be shaken once things go haywire. This is because you already established a plan and has bigger picture in mind before actually risking. Which makes it great because you won't be eaten up by anxiety.
Although I also understand those people who still choose to sell in this bearish time. Because we have different plans and strategy. Perhaps cutting losses is what would work for them because they are for the short term only. Meanwhile, for those here for the long term won't be bothered so much. In fact, they would be celebrating because this will be the best time to buy in low position.
indeed what is true is according to what you said, friend, that there is no need to panic. but all beginners or advanced will be able to panic when buying high and experiencing a very low price. for those who have more funds and are already experienced, they are actually motivated to buy again to increase their investment. because bitcoin will repeat the habits that have been experienced, usually after the halving period has passed bitcoin will increase again and create new ATH.
Panic is normal.Regardless of how long you've been in the market, there will be a slight of panic that you'll feel but it's up to you if that feeling will manifest to your actions just like doing the thing which is to panic sell.
The advantage of the people that have been in here for years, when feeling in panic, it won't manifest into an action because there will be a stoppage to that feeling based on the experiences that have been made throughout the entire stay in the market.
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.
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.
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.
Yeah, HODLing should be the thing but Bitcoin "investors" have a different level of responsibilities and sustainability which I believe contributes to their reaction to the market whenever they see a dip in the market. I saw in another post some days ago where someone said, "The Rich will keep being Rich and the Poor gets Nothing" or maybe not in those exact words but that's what S(he) meant. Investors will be more relaxed about market dips if they have other means for financial sustainance so I don't think rich Bitcoin Investors react the way other average-level investors do. Even though people know not to invest what they cannot afford to lose, people still want to invest in Bitcoin and will do so with the little income they have hoping to make a profit and a slight turn of the market will make them panic sell. 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.
Bitcoin holders Doesn't need panic. Btc will pump again and make new ATHs. Like, in 2017 Bitcoin made a new ATH 1 BTC $20k. after that btc dropped 20k to $3200. Even then, the price of Bitcoin did not stop. BTC again made new ATHs $68.7k. so, I don't think that bitcoin holders should ever panic.
indeed what is true is according to what you said, friend, that there is no need to panic. but all beginners or advanced will be able to panic when buying high and experiencing a very low price. for those who have more funds and are already experienced, they are actually motivated to buy again to increase their investment. because bitcoin will repeat the habits that have been experienced, usually after the halving period has passed bitcoin will increase again and create new ATH. 
First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.
I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .
so yes lets see what comes when our funds uses to buying and short term holding .
But what's the right time to sell and how you decide it? We find it easy to say we should have sell at high prices but timing out the market perfectly is not at all easy task but yes we can surely have satisfactory returns if we want to.When it's rising you don't know how high it can go and vice versa but if you have set your own price limits then you can surely gain profits.I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .
so yes lets see what comes when our funds uses to buying and short term holding .
The right time is when you are already profitable or the target you want has been achieved. Sometimes people want to sell at the highest price until they forget that they already have enough profit and they realize when the price starts to fall back to the bottom price. if you have set a price but are not disciplined and greedy it will only hurt. The price goes up high to be greedy, and when it drops below the price panics to sell. Regulating psychology is also very important.
First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.
I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .
so yes lets see what comes when our funds uses to buying and short term holding .
But what's the right time to sell and how you decide it? We find it easy to say we should have sell at high prices but timing out the market perfectly is not at all easy task but yes we can surely have satisfactory returns if we want to.When it's rising you don't know how high it can go and vice versa but if you have set your own price limits then you can surely gain profits. I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .
so yes lets see what comes when our funds uses to buying and short term holding .
First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.
I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .
so yes lets see what comes when our funds uses to buying and short term holding .
I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .
so yes lets see what comes when our funds uses to buying and short term holding .
If they think that bitcoin is a get-rich-quick scheme, they are wrong because the price can change quickly without us knowing where it is going.
If they are not ready for the price swings, they can get stuck in the high price and have to wait until the price can reverse direction or even go higher.
Those who joined bitcoin at that time only thought about short-term profits without studying how bitcoin moves in the crypto market.
But after they learned about bitcoin's wild movement to the point of seeing its price drop drastically, they couldn't stand it and decided to sell the bitcoins because they didn't want to see bigger losses.
Only people who are prepared for everything that will happen with bitcoin can take advantage of the opportunity to buy or sell bitcoins and earn something from bitcoins, while others will be at a loss if they sell their bitcoins.
They really need to learn about investing with only the money they can afford to lose so they don't take a huge risk out of the investment.
Before anyone will make up his/her mind to buy bitcoin, the person need to understand how bitcoin works that it only takes patience to benefit from bitcoin profits. They really need to learn about investing with only the money they can afford to lose so they don't take a huge risk out of the investment.
Instead of making a profit, they can get a big loss without any chance of profit at all.
I myself am still very difficult to eliminate or suppress panic. Even though I've been trading crypto for quite a while, sometimes patience and greed and panic always appear and overwhelm me.
This happened because you don't choose to make peace with the trend that the market presented because if you do you'll only look for a way to make a profit out of the trend the market poses instead of panic.However, the panic started when I used to trust influencers who provoked hype more and I was consumed by the hype and bought at the top. then when the price drops drastically. panic is unavoidable.
Cryptocurrency investment advice is to always dyor and if you follow most statements made by influencers you'll understand that they are only doing a marketing job which is either to increase the price of the coin they invested in or it a paid advertisement.but here I prefer to analyze myself and collect news that can be trusted
These days no news is worth trusting because article writers also spicy up news and the best thing for you is to understand how 4years cycles of crypto work, how to select the right coin, and how to know good and exit points.Jump to: