Newbies panicking. | Bitcointalksearch.org

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Quote from: cryptoaddictchie on June 09, 2021, 09:53:36 PM

Quote from: qwertyup23 on June 09, 2021, 06:37:46 PM

If you consider yourself a newbie in the cryptocurrency world, I highly advice you to avoid going all out and focusing on investing into BTC alone. Remember that cryptocurrencies are considered as a 'high-risk, high-reward' investment.

This is true but if they wanted a high gains they cant expect from a high cap btc to bring much more profit. For example they invested at 37k price, it would take a lot of cash to inject on btc marketcap before he can double his investment. But compared that to a low cap that has potential to have some huge multiplier, it is good right? But the risk is far greater and can have a potential loss.

Unless the beginner is ready to take risks and is responsible for what he does with his coin of choice other than BTC which is safer IMO.
But he knows that big profits come from small altcoins and usually he expects that to happen when he chooses the coin of his choice, but one time he is wrong, panic will occur.
But if you don't try it then there will be no interesting experience and just putting in BTC is not enough in cryptocurrency.

traderethereum

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Quote from: kawetsriyanto on June 09, 2021, 06:06:18 PM

Quote from: traderethereum on June 09, 2021, 01:12:26 AM

Panic is normal for everyone, especially newbies, because we will not know where the price will go in the crypto market.

If you feel afraid, it is normal. But you don't need to be panic.

A crypto coin price is always fluctuating, except for stable coins. Before you join the crypto market, you must know it. So, if there is an increase or decrease, you won't be too surprised. Moreover, if you learn seriously about the crypto market, you must know there is a bullish phase and a bearish phase. And you should know how to predict it yourself. At least you know, the basic thing about how crypto prices move.

Indeed, no one really knows perfectly where the price of a crypto coin goes every time. However, you should know if there is knowledge to predict it by learning the charts or analyzing the fundamental factors.

Many new people do not know about the coin price fluctuating because they only know about buying and hold or sell.
That is why some new people still panic and do not know what they should do when the price starts to move.
But with learning more about the crypto market and how to control themselves, I believe they will have time to prevent panic and know what they should do when the market starts to move.
Learning the charts or analyzing the fundamental can help them to know what exactly might happen later.

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Quote from: Issa56 on May 22, 2021, 12:54:55 PM

I feel that everyone should simply hold their coins since the bear market is just transitory, and I believe that we will all see it through, but we must be patient and not panic and sell at a loss.

There's a reason behind their panicking and it's quite justifiably, firstly it could probably be their first bearish experience as they must have come into the market when everything was green and it could be that they bought into over hyped projects that don't have any fundamental backing like the meme coins currently trending.

In cases like this you advising them to hold would be the worst advice, best thing they can do for themselves is sell off their bags of this shitcoin and move into more stable and trusted project like bitcoin and probably other top coins that have proven to earn the trust of the community.

cryptoaddictchie

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Quote from: qwertyup23 on June 09, 2021, 06:37:46 PM

If you consider yourself a newbie in the cryptocurrency world, I highly advice you to avoid going all out and focusing on investing into BTC alone. Remember that cryptocurrencies are considered as a 'high-risk, high-reward' investment.

This is true but if they wanted a high gains they cant expect from a high cap btc to bring much more profit. For example they invested at 37k price, it would take a lot of cash to inject on btc marketcap before he can double his investment. But compared that to a low cap that has potential to have some huge multiplier, it is good right? But the risk is far greater and can have a potential loss.

qwertyup23

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Quote from: nakamura12 on June 05, 2021, 12:04:44 PM

Fear is what makes novices sell their coins. There are even people who woke from the dead just to own bitcoin and hodl and then sell if afraid when the price is decreasing. I have read somewhere that he/she is now active from being inactive for so long because the price of bitcoin reached 60k usd and that means he/she did not believe in bitcoin. The decrease in price is an advantage to some people where they can buy crypto at a lower price compared to the price before.

To be totally fair, it is easier said than done especially if you are holding like hundreds to thousands of BTCs in your wallet, which equates to around millions of dollars. The slightest movement in the price can test your sanity, but it takes a veteran to handle such immense stress and pressure.

If you consider yourself a newbie in the cryptocurrency world, I highly advice you to avoid going all out and focusing on investing into BTC alone. Remember that cryptocurrencies are considered as a 'high-risk, high-reward' investment.

kawetsriyanto

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Quote from: traderethereum on June 09, 2021, 01:12:26 AM

Panic is normal for everyone, especially newbies, because we will not know where the price will go in the crypto market.

If you feel afraid, it is normal. But you don't need to be panic.

A crypto coin price is always fluctuating, except for stable coins. Before you join the crypto market, you must know it. So, if there is an increase or decrease, you won't be too surprised. Moreover, if you learn seriously about the crypto market, you must know there is a bullish phase and a bearish phase. And you should know how to predict it yourself. At least you know, the basic thing about how crypto prices move.

Indeed, no one really knows perfectly where the price of a crypto coin goes every time. However, you should know if there is knowledge to predict it by learning the charts or analyzing the fundamental factors.

traderethereum

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Panic is normal for everyone, especially newbies, because we will not know where the price will go in the crypto market.
We can learn how to manage the panic to control ourselves and know what we need to do.
Bitcoin dump and the pump will always happen in the market, but you do not have to afraid because if you can calm down, you will see your chance to use that moment to buy or sell bitcoin.
Managing your funds will be important so you do not have to feel sad if the price is down because you can buy back and hold it.
Like what we saw this few weeks, bitcoin dump so hard and the price reach $30k before, and if you can see that price, that will be your chance to buy bitcoin.

Maestro75

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Quote from: Oceat on June 05, 2021, 05:55:43 PM

How many newbies would have to suffer to this same routine everytime they invested in Bitcoin they sell when it's dump. They're lacking of understanding about the market. They should know when to sell and when to buy to be able to maximize their profit but I guess few novices done this right. They should minimize the risk of losing their investment.

Newbies will suffer this until they learn how to control fear and greed. Fear when the market is dumping, and greed when the market is rising because they will still want to be in the market. Telling a newbie not to sell in panic when the market is dumping is like advising a drunkard to stay away from drinking. Anyone who was around in 2017 will understand that the market has a pattern of crash and rise and that the present condition is nothing to worry about. Buy more if you can afford it.

Rengga Jati

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Panicking when the market drops so drastically only in some hours didn't only make newbies or newcomers panic, but also make most of us panic and worry about what will happen. Moreover, I am joining jin a discussion group on telegram and many people are worried and afraid fo this continuous condition. They are pessimistic that the market will is back again.
This makes sense and also normally happens because most of us have decreased asset value drop more than 50%.
However, once more, don't panic, panic will only make us stressed, down our motivation, lose our mind to think smart and wise, and also will make the condition worse, not better.
Just rearrange the strategy and see the progress of the market, at least, wait for the end of this year.

nelson4lov

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Quote from: Issa56 on May 22, 2021, 12:54:55 PM

BITCOIN DUMP.
For the past few weeks, bitcoin has been dumping and many coins have been dipping, causing fear and some individuals to sell their coins at a loss. I chose to write this on this site as a piece of advice for novices, since I feel they will be afraid and may sell their coins at a loss, which is extremely awful. I feel that everyone should simply hold their coins since the bear market is just transitory, and I believe that we will all see it through, but we must be patient and not panic and sell at a loss. We had a bear market like this in March of last year, and we survived it, so we will absolutely survive this bear market.

This correction is nothing compared to the epic market crash in March 2020. That was the scariest flash dump I've seen. Since I survived such an epic dump, I can survive this 50% drop from Bitcoin's all time high. I know a lot of newbies might feel its a sinking ship and their best bet would be to sell off. The way I see it, there's two suitable options:
- Sell now and buy back lower (same $ value but more btc value)
- Keep holding.

Overall, I won't advise selling now. If anyone bought earlier - say 50k all the way to 40k, Using DCA might be a good option to try. The goal is to keep positions running for as long as possible.

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Panic is natural if a newbie tries to hold the coin of his choice, then of course this will be anxious, afraid to go down and lose not being able to reverse capital again because it is knowledge and mentality that must be understood how to run in the real crypto world.
In the beginning, the panic will not go away, but if this goes according to knowledge, you will definitely know what is real in trading, investing, etc., there are many variations of techniques that we must learn slowly, but we must believe in yourself that what what you do can be proven by you.

dansus021

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to be honest im still like a newbie because im trade mostly on perpetual futures red candle and liquidation become monster for me but little bit advice for all perpetual trader like me please use only 10% of your asset because i already lose most of my asset being liquid because this dump

Peanutswar

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If you are really new to the world of cryptocurrency, it's just normal to get fear out because you don't want to lose your money. This is why we always need to keep ourselves knowledgeable about the things we would like to know its better to understand the different basics, concepts, and more information related to the cryptocurrency. It will serve as a foundation for yourself and your funds. If you are already experienced with the market identifying the time to buy and sell is easier for you to prevent loss and get stuck your money. Again investment is not all about money; it's all about knowledge too.

libert19

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It depends what you are holding, if they bought some shitcoin then they could turn to zero before you know it.

Daniel91

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In the marketplace, it’s hardest to control your emotions.
Many people read the news about the possibilities of earning on the crypto market and invest larger amounts of money in the hope of quickly solving their financial problems.
The market, however, is unpredictable and trends are constantly changing.
When crypto starts to fall, many investors see it as a disaster, as if they are losing their money, and they don’t actually lose anything until they decide to sell.
Experienced investors understand this and actually use such opportunities to buy more crypto cheaply while inexperienced investors sell at a loss.
It is very difficult for people to think rationally when it comes to their money.
The best strategy is to invest your money and forget about the investment for a while, and be willing to wait for the long-term profit.

Lucius

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Not only beginners panic, there are a lot of those who have been on this forum for a long time, and they still haven't figured out some basic things, so every dip will be interpreted as the beginning of a bear market. Their fear stems mostly from losing the money they have invested and the inability to understand that patience is the key to success. FUD is always a powerful tool for those who want to manipulate the crypto market, and it's amazing that it always succeeds - which only confirms that the vast majority still represent weak hands.

Risky investments are not for everyone, as few manage to withstand all the challenges that arise in such ventures - so we need to be careful when telling people about cryptocurrencies because I don’t think anyone wants to be responsible for other people’s financial losses.

Samayuki

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You can't expect all people around the world to understand how crypto works when they hardly have experience about the market, I was able to understand crypto market very well after I witnessed 2017 and 2018 so I've understand that crypto market is like a circle, if newbies don't know this they will always be in panic mood, they will easily think their money is gone forever

akirasendo17

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Quote from: Issa56 on May 22, 2021, 12:54:55 PM

BITCOIN DUMP.
For the past few weeks, bitcoin has been dumping and many coins have been dipping, causing fear and some individuals to sell their coins at a loss. I chose to write this on this site as a piece of advice for novices, since I feel they will be afraid and may sell their coins at a loss, which is extremely awful. I feel that everyone should simply hold their coins since the bear market is just transitory, and I believe that we will all see it through, but we must be patient and not panic and sell at a loss. We had a bear market like this in March of last year, and we survived it, so we will absolutely survive this bear market.

We can't blame those people since sometimes they just follow a certain personality and ride with the hype due to be new to the crypto space, they will panic and sold whatever they hold, because they are afraid that it might go down to zero, something that happens with a certain coin or a scam coin, some people really just jump to a certain project and when they thought it's going down they will sell it, I think all newcomers should know this learn first how things work in crypto, learn that everything goes down not everything is just going up, learn to control emotions when things are getting worse, especially if you hold bitcoin.

Alisha-k

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True investors hodl their coin. I have always struggled with this mindset of selling off my coin during the dump but at some point I made up my mind to hodl it wasn't really easy on me though but the beautiful story line is that it payed up for all the so went through during the dump.

Oceat

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I guess newbies aren't here when Bitcoin is hitting the $20k ATH on 2017 so I don't think they will learn some valuable lesson but they should consider the mistakes of the others as a lesson too. It's not right to sell at loss your investment when the market is in deep correction but some people might manages to take back their capital by diversifying through different coins.

How many newbies would have to suffer to this same routine everytime they invested in Bitcoin they sell when it's dump. They're lacking of understanding about the market. They should know when to sell and when to buy to be able to maximize their profit but I guess few novices done this right. They should minimize the risk of losing their investment.

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