Topic: Newbies panic & Old timers smile, when the Bitcoin price take a dip. - page 12. (Read 2711 times)

It is because newbies are focusing on earning the lambo way. So every price drop is disastrous to newbies because they think that could theyre investment.   On the other hand Old timers always knows what it takes to save a little bit of bitcoin shares.

 

Those who were patient can really overcome this challenges. Panic selling or panic buying can't really help you win the obstacle of bitcoin price flactuation.

I observed the price of bitcoin from the end of 2017 when it reached $ 19,000 and even more it looked fantastic to me. early in 2018 the price has started to fall and at this time I have started leaving a small amount of funds to buy some crypto coins and this month August 2018 the price has dropped considerably I think if this is the right time to buy more coins to get a lot of profit when the price has improved

It took me to have more savings to keep before I got used to bitcoins price fluctuation. Dipping down to 60% is definitely something a new user could panic and lose more money. Although the old investors smile like they are also used to how crypto market does but we all lose the trust of the new investors here. Its not just the loss of the newbies in my opinion. As far as I know we all need new people to join into this market and not scaring them away.

The market is increasingly difficult and challenging. Those who can overcome this difficulty can go on this journey. I think that is the same, it is not stable and it must experience to get good results. As long as we have good faith and skills, it is not too difficult.

 This happens because most newbie's do not have experience and the money to keep holding the tokens until they reach the highest price so they tend to do that which is not a surprise 

I think experience really matters, those old in crypto currency is also once experiencing a panic moment during the dip but i know its normal because we are all came from the low before reaching the high. I agree that most members of this forum especially the newly member is aiming to rank up thinking that higher rank is profitable and the point is they want big earning on bitcoin but easily panic during the dip contributing to a dump.

The people who bought bitcoin at price $1K in early 2K17 later they made massive return. Newbies should focus on gaining low-priced bitcoins as much as possible instead of joining any campaigns. A dip could be a best for newbies and old timers as well for the outmost return on investment.

Typical hype post is typical. First, at what point does a "dip" stop being a dip and start becoming the new reality? The risk perpetual hypers run is that the reality surrounding Bitcoin could have materially shifted and they wouldn't recognize it, instead thinking they're going to be rich some day because they've been buying on every price "dip" since the ATH of $19,000. At some point, you have to stop and reflect on whether you're in the vast minority getting it right or if you're so blinded by greed and lambo dreams that you're missing what everyone else knows, and that's that continuing to buy is more risky than you'd care to admit.

Second, more people were buying in the run up to ATH than had previously ever owned Bitcoin, so far more people are sitting on losses than people who made huge profits at the ATH. Because the smart money was selling then, and the fools were still rushing in trying to get rich. The odds of another run up happening like that are even less likely a second time around. You can't catch lightening in a bottle by trying; it's better to just admit you got lucky through no special wisdom of your own, and also acknowledge it's not gonna happen again. If you live in a world where you can't even acknowledge the likelihood of that, you're going to burn yourself because you think you're infallible. Nothing is more dangerous to an investor than that mindset.

I know how it feels being a newbie before,you will get totally panic when the price starts to drop because you think you will start to lose your investment.But the truth is having a dip is not a bad news,rather it's a good opportunity to earn and save more bitcoins.Hopefully newbies will soon to adopt the right mentality just like heros and legends have.

This is true about bitcoin policy the newbie members panic because of there position and the old timers smile when the bitcoin price take and dip I think in bitcoin this is unpair for the new because in terms of works they are the same depends on the needed of campaign.The merit is not good for the newly members.

It is true that nothing can match the profit you could have made if you are not participating anything else and just investing in bitcoin, the price soared so high that anyone invested in it made a very huge profit, anyone can invest when the price goes down as everyone is expecting another rise like that in the future and the wise will make some profits, you cannot complain anyone if they are not able to take a huge risk as the market has its own risk as this is a new market.

Thank you very much for your advice! I will surely listen to him

The information is very true lot of people are targeting to make quick buck during there first arrival to the crypto world and they keep there moral and motivation until the investment goes high but if a sudden drop occurs they starts to panic and at the end they sell all the assets without being patient and accuse Bitcoin and the market   

People nowadays are easily deceived by what they see. Newbies depends on someone speculations and because of that they are panic selling their cryptos. For us old in bitcoin, we know that this is just a part of the process, because we know that bitcoin and not just bitcoin but all of the cryptos are going ups and dows, all you need in this kind of investments is a lot of patience, because when the price drops, it will surely increase again, because it is volatile, its just that we dont know when will it increase.

You are right no bounty campaign can give 800% in price but you should know that most of this newbie also engage in buying and selling of bitcoin as other does. Most of them boost their rank to involve themselves in a genuine bounty and also not left buying and selling

I've seen even oldtimers I've seen even greatest enthusiasts going off from this market just leaving all the tools that they had and leaving it, so I think there's deep is really strong so it can kill even those guys.

Your advice is good, but only a small part of the newcomers really want to know bitcoin. The rest are involved in the likeness of webserfing, they do not care about crypto, the main thing for them is to snatch a few dollars. Smart people learn by themselves!

Oldtimers have already made a lot of money with Bitcoin and know that history likes to repeat itself, after major dumps come new all time highs. It's always the same.

Actually in this market investors need to be very much careful if they want to make a huge profit and one option is to buy the bitcoin when it is low and sell them when it is high. Any mistake can lead to loss.

Day trading is a time killer, and can make one anxious when prediction fails and the market appears to be moved by whales. I had to to limit my day trading to concentrate some of my time to bounty campaigns. I have been burnt severally in day trading, but I see it as part of experience.