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Topic: Newbies: Don't panic and learn to hold - page 6. (Read 1489 times)

hero member
Activity: 2870
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Vave.com - Crypto Casino
June 17, 2022, 05:38:41 AM
#48
The reason behind this panic is they feel bitcoin is get rich quick scheme and invest their savings into it in hope of getting fast profits but on the contrary when it start falling they can't analyse the market that it's normal and it will grow in the long and panic sell off during these times.So they eventually loose at this time but main is to control your emotions and invest what you afford to loose in the market.

Most of the people having challenge with the dip are the middle class people who never expected the market to be like this,  expecting to make profits in a short time. The rich ones are still buying Bitcoin even in this present dip because they understand it will definitely yield profits. People who used what they can't afford to invest are having challenge to have patience to wait for bull.
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.
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.
copper member
Activity: 2156
Merit: 536
Promotional Campaign Manager|Telegram @NrcewkerBTC
June 17, 2022, 05:30:04 AM
#47
We're still in a good place compared to 2020 ATH which was in November 20th 2020... All newbies are to hoddle up because the future will be bright to those that hang on

Also I see many have forgot about the dump that happened in 2018, where suddenly from 20k usd Bitcoins suddenly fell to 3k usd.
But guess what after that BTC jumped back stronger and created history by reaching 60k usd.
So all the newbies are hence requested not to panic.
If you have shown some trust and bought some Bitcoins with your hard earned money, then give some time to it.
Just don’t panic and don’t sell your coins to the cruel buyers.
Instead if possible buy as much Bitcoins as you can in this bearish market.
Once Bitcoins start rising, it won’t stop. Mark my words.
hero member
Activity: 784
Merit: 732
June 17, 2022, 03:13:38 AM
#46
Panic sometimes occurs in 2 situations.
1. People who panic because he is tempted by the hype, he is afraid to miss the price. And as a result of the panic he was in a hurry to buy without analysis. without waiting for market conditions to calm down.


2. Panic due to being eaten by bad news so he was carried away by the news. usually happens to beginners who are not familiar with market analysis, candle analysis and trading psychology management. so people like this when the price goes down then he will panic and rush to sell. because he was afraid that the price would not rise again.
different from those who already have experience in the world of bitcoin. he tends to be calmer. he can see the situation with common sense and clear mind. so that when he received the news he would not immediately accept it easily. because he will do research first before making a decision.

.

Quote
"Be brave when others are scared. And be careful if you see others being too bold."
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
June 17, 2022, 02:10:56 AM
#45
The Images does not display that good better to edit your Imgur mate.


But about the Newbies getting panicking ? but it does not stand for them only because there are also  old timer that still showing now that they are selling when the prices starts lowering .

Maybe the post are best for everyone and that is what we should learn for many .
hero member
Activity: 966
Merit: 573
God is great
June 17, 2022, 01:58:39 AM
#44
The reason behind this panic is they feel bitcoin is get rich quick scheme and invest their savings into it in hope of getting fast profits but on the contrary when it start falling they can't analyse the market that it's normal and it will grow in the long and panic sell off during these times.So they eventually loose at this time but main is to control your emotions and invest what you afford to loose in the market.

Most of the people having challenge with the dip are the middle class people who never expected the market to be like this,  expecting to make profits in a short time. The rich ones are still buying Bitcoin even in this present dip because they understand it will definitely yield profits. People who used what they can't afford to invest are having challenge to have patience to wait for bull.
hero member
Activity: 2912
Merit: 629
June 17, 2022, 12:20:05 AM
#43
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.
True. Even the price decreased drastically, it doesnt mean its the end for Bitcoin because same scenario also happened before. But the price managed to move upward again and even break the past recorded ATH. Thus its up to investors if they will panic this time or ignore the bearish season while continue holding. The recovery might take time, there's no timeframe but eventually it will happen in time, just be positive and be patient.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
June 16, 2022, 11:56:11 PM
#42
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.
copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
June 16, 2022, 11:55:16 PM
#41
-snip-
Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin.
You don't even need to do dollar cost averaging. Just invest as much as you can afford to lose and sit back and relax. When the price goes up, if you feel like you need to take the profits, sell and enjoy your gains. If the price keeps on falling and you don't need the money, just hold and wait for the market to recover. You have some extra cash lying around that you don't need, then invest those money during those dips to maximize your profit. Even when the price goes up, you can invest those money. You don't need to wait for the dip. Better to invest than to keep those money in bank which eventually loses value in the long run.
full member
Activity: 1834
Merit: 166
June 16, 2022, 11:45:10 PM
#40
The reason behind this panic is they feel bitcoin is get rich quick scheme and invest their savings into it in hope of getting fast profits but on the contrary when it start falling they can't analyse the market that it's normal and it will grow in the long and panic sell off during these times.So they eventually loose at this time but main is to control your emotions and invest what you afford to loose in the market.
member
Activity: 140
Merit: 20
June 16, 2022, 11:15:41 PM
#39
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.
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.

but here I prefer to analyze myself and collect news that can be trusted so that I can determine the entry and exit with a little accuracy. so sometimes I exit the trade when I see signs of a decline. so when the price goes down I don't panic. because I was already out before the mass panic came. confident and Dyor.
hero member
Activity: 3052
Merit: 606
June 16, 2022, 07:57:02 PM
#38
I think this topic is worth to remind again for many newbies who panic about the current situation where Bitcoin price $30K strong resistance now drop to $24K currently traded. There are many so called expert who always predict Bitcoin price will go to x, the bottom is x etc, also one of them were offer to give his money to everyone if his prediction gone wrong, this strategy is to convince newbies to believe his words.

Take look on these so called expert who predict Bitcoin price:
1. The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet
2. Renowned analyst who predicted Bitcoin price top at $69,000, now claims the bottom is at $24,000
3. Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level
4. Crypto is dead. Long live crypto
5. Long-Time Bitcoin Bear Offers $1,000 To Every Retweeter If His Prediction Of BTC Hitting $10K In 2022 Goes Wrong

Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.


Did I scared after looking this chart? No, because if you look at the history, you will see Bitcoin have been survive 3 times about the dump/crash.


The first is on 2017 and 2018, where the peak is $19K and the bottom is $3K (84% change)
The second is on 2019 and 2020, where the peak is $11K and the bottom is $5K (54% change)
The third is on 2021, where the peak is $60K and the bottom is $30K (50% change)

Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it.

If you still keep thinking Bitcoin will dead, do you forget all the adoption from any institutional, government, and foremost the countries who accept it as a legal tender. Not to mention Bitcoin already improve a lot of the development e.g. Lightning network to solve the scalability issues, using for friendly energy for mining, hash rate & difficulty increase to prevent from 51% attack etc. Bitcoin right now is more scarcer since it's already mined 19Million Bitcoin, only 2Million left. We're already close Bitcoin will be accepted in entire countries due to it's value and become a currency since the price will be more steady. This is the reason why I AM HODLING.

Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin.
To avoid get rekt in the market later on, newbies should never create decisions that will make them regret later on. If they come to the market undecided, then they should never invest right then but start with gaining lots of knowledge so they will never be mislead in their decision making. And they should always have long term investment plan once they enter the market because crypto is not a get rich quick scheme but rather to make profits, one should endure patience and persistency first, and of course the knowledge and strategies to attract profits more than losses.
hero member
Activity: 2814
Merit: 576
June 16, 2022, 06:56:55 PM
#37
I think this topic is worth to remind again for many newbies who panic about the current situation where Bitcoin price $30K strong resistance now drop to $24K currently traded. There are many so called expert who always predict Bitcoin price will go to x, the bottom is x etc, also one of them were offer to give his money to everyone if his prediction gone wrong, this strategy is to convince newbies to believe his words.

Take look on these so called expert who predict Bitcoin price:
1. The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet
2. Renowned analyst who predicted Bitcoin price top at $69,000, now claims the bottom is at $24,000
3. Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level
4. Crypto is dead. Long live crypto
5. Long-Time Bitcoin Bear Offers $1,000 To Every Retweeter If His Prediction Of BTC Hitting $10K In 2022 Goes Wrong

Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.


Did I scared after looking this chart? No, because if you look at the history, you will see Bitcoin have been survive 3 times about the dump/crash.


The first is on 2017 and 2018, where the peak is $19K and the bottom is $3K (84% change)
The second is on 2019 and 2020, where the peak is $11K and the bottom is $5K (54% change)
The third is on 2021, where the peak is $60K and the bottom is $30K (50% change)

Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it.

If you still keep thinking Bitcoin will dead, do you forget all the adoption from any institutional, government, and foremost the countries who accept it as a legal tender. Not to mention Bitcoin already improve a lot of the development e.g. Lightning network to solve the scalability issues, using for friendly energy for mining, hash rate & difficulty increase to prevent from 51% attack etc. Bitcoin right now is more scarcer since it's already mined 19Million Bitcoin, only 2Million left. We're already close Bitcoin will be accepted in entire countries due to it's value and become a currency since the price will be more steady. This is the reason why I AM HODLING.

Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin.
There are a lot of crypto influencers in the market that boast around and lure the minds of newbies. If you fall for them, that will be your loss and a profit for them. That is why newbies should always come to the market knowledgeable enough and have good skills on investing because that will be their edge not to lose from their investments because they end up in panic and have no patience to hold for long term as crypto are not for quick and easy profits but more on for long term investments.
hero member
Activity: 2912
Merit: 613
June 16, 2022, 06:38:56 PM
#36
My idea is a Bitcoin holder does not need to panic if they had an investment plan when getting in.

What pushes one to panic sell or cut their losses is when they invested more that they can afford to lose and with the current drop they saw their savings getting wiped out on the charts.
Buying smartly means that one invests spare money and at a controlled period of time; if the market dips, it does not affect you much as you have enough to foot your daily expenses. You basically sell when you want.

Those who fomo in at the top and end up selling off 4 months later already made mistakes from the beginning and no doubt would still have to sell as they need the money.
That is why newbies should never enter the market if they are not financially prepared because if they do, its like a suicidal. Most particularly if they always invest on their hard earned money, i think that alone is very risky. So if they make decisions to enter the market and invest, rest assured that they won't expect for quick profits as that won't never happen. If they have good financial management and have separate their savings from their investment funds, then they will never resort into panicking and stay hodling when the market becomes unstable.
full member
Activity: 686
Merit: 107
June 16, 2022, 06:03:38 PM
#35
not all beginners make sales because they panic with prices that continue to fall but most of their mistakes are buying altcoins or memecoins that are not right so that they are dragging  in the wrong algorithm and tend to be worthless to anticipate losses that are too deep in making them sell them
and this is even felt and done by old players
legendary
Activity: 2772
Merit: 1514
June 16, 2022, 05:38:34 PM
#34
Unfortunately a lot of the panic selling you're seeing now aren't just newbies, they're middle income folks that need liquidity because all markets are down. They don't have a choice but to sell. If they're using Bitcoin as an investment, they should not have been investing more than they could afford to lose in the first place. I'm confident the price will recover, but for those needed liquidity, they're out. They don't have a choice to hold.
legendary
Activity: 2030
Merit: 1643
Verified Bitcoin Hodler
June 16, 2022, 03:54:51 PM
#33
Newbies, do not despair if you lose money trading instead of hodling. Those who trade will understand how much better it is to hodl, in time. But until then trading might seem like a very alluring and lucrative way to earn more coin. Buy low sell high, right?

The problem is reality. And reality says that new traders will almost definitely lose money until they become pros. And even after many years of trading and losing money, you will stay make tiny marginal profits.


Better to hodl.
legendary
Activity: 3080
Merit: 1593
#1 VIP Crypto Casino
June 16, 2022, 02:43:05 PM
#32
Newbies have to earn their stripes & that only really comes after they experience their first full bear market. We’ve all been through it & it sucks, especially when you have a large % of your net worth in bitcoin. What doesn’t kill you makes you stronger though. They will all be better prepared next time if they have the balls to HODL through the next 18 months - 2 years.
hero member
Activity: 966
Merit: 573
God is great
June 16, 2022, 01:40:43 PM
#31
At this point the level bitcoin has gone dip  it is not a good move for anyone to sell his/her bitcoin for fear and go loss, not just only for beginners.  We all know that bitcoin is all about patience to wait for volatility that will bring profit to take place,  this is a time to exercise patience in bitcoin that we have always been talking about.

 I always say if there can be a dip like these, there can also  be a bull that will  bring a better profit.  Thus is not time to panic,  what  are experiencing in the market is nothing but the nature of bitcoin.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 16, 2022, 12:31:41 PM
#30


Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.



That's right. They are no different from us, all predictions are made with no guarantee that it will be correct. The money is yours, just decide to invest it yourself, don't give your money to others to spend.

Agree that we are going through difficult times, difficult times like these we have to stay calm and not panic if we don't want to lose money. Bitcoins are a long term investment, so don't sell them without any profit. Be patient and wait for the bull season, it will come soon.
sr. member
Activity: 1008
Merit: 366
June 16, 2022, 12:10:07 PM
#29
One thing I have learned from crypto buy sale is that, invest what you are willing to lose. Don't invest what you can't lose. If you see a DIP, Buy and forget about that for 2/3 years. Come back after that, and you will see the changes. Newbies will sell at bear market and watch those videos on how to make money overnight. They will get panicked at those random predictions and sell again. In the end, it's a mess.
They will learn from their mistakes, just as I did.
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