Best solution is not to become emotional when prices fluctuates up or down. You also need to stick with your plan if you plan to hild it for 1 year then hold it 1 year do not sell if you saw the prices is declining.
Do not check the price every minute.
Topic: Solution to overcome panic - page 12. (Read 1100 times)
As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
In a addition on these.1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
*Always trust on bitcoin no matter what is the FUD news come still holding on, don't lose hope if the price down beside the good thing to do is wait and have patience.
*If you doubt don't look the chart weekly just try to look the chart of the price after 3 months from you invested or look out the previous price movement when the possibility is bouncing back again.
~trust+hold+patience=profit.
Most of the advice in the thread are only good if followed. But that's why the call it "panic". All reason and logic have gone and it is emotions of fear and anxiety that takes over.
I believe there is no best solution in overcoming panic. Some people get used to the stress of trading, others don't.
I believe there is no best solution in overcoming panic. Some people get used to the stress of trading, others don't.
Hi,
I'd say that the first and more important point actually is to avoid panicking.
And actually whatever the market, for me the situation is quite simple:
1- Fix the amount you want to invest. It shouldn't be too important as to avoid panickcing, you must be ready to lose it, and consider it lost once you have turned this amount into crypto.
2- Try to buy at low and price and decide at which level of profit you will be done. If you buy at 10k, you may consider that 15k is a good profit. Or you may want to hold until it is 20k. This is up to you!
3- Hold until your price level has been reached. This way, you ensure your profit.
Though, with this behaviour, of course you won't make any short-term profit. But you will also take less risks.
I'd say that the first and more important point actually is to avoid panicking.
And actually whatever the market, for me the situation is quite simple:
1- Fix the amount you want to invest. It shouldn't be too important as to avoid panickcing, you must be ready to lose it, and consider it lost once you have turned this amount into crypto.
2- Try to buy at low and price and decide at which level of profit you will be done. If you buy at 10k, you may consider that 15k is a good profit. Or you may want to hold until it is 20k. This is up to you!
3- Hold until your price level has been reached. This way, you ensure your profit.
Though, with this behaviour, of course you won't make any short-term profit. But you will also take less risks.
two key things
A. dont look at 3-hour charts. only look at monthly charts
B. if you see a price drop do not let the words "what day to sell" enter your mind. only think "discount buying day"
A. dont look at 3-hour charts. only look at monthly charts
B. if you see a price drop do not let the words "what day to sell" enter your mind. only think "discount buying day"
I think everyone experience that as a newbie. When i first invest too in bitcoin. Of course i don't know how it works and suddenly experience some decline. I panic at that time and ask myself if i do the right thing to invest but after reading some news and information. My panic is gone little by little. I suggest that don't overthink of our investment. Educate ourself of what is happening in the market. Just relax.
1. Seek information or signal to the next bitcoin price movement
They usually don't work.
No one can predict when the price will rise. If some one predicts that the price will rise tomorrow, there is also another person predicts that the price will fall tomorrow.
No trust to any signals or analysis.
2. Join groups or communities of crypto merchants
It will cause you to panic more. There are a lot of people with different ideas. I personally get confused when I read comments on such communities
3. Confident and reinforce the belief that bitcoin prices will recover.
It seems to be better
No need to worry. Don't check the price every day. Wait and HODL.
If you will look at history of the bitcoin you will see, that bitcoin every year loses the price in the beginning of year, so keep calm and wait!
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
1 and 2 are basically the same thing! and the information out there as "signals" come from groups and they are ALL complete nonsense and most of them are pump groups trying to fool some newbies and take their money for themselves. so stay away from 1 and 2
3 is kind of a weird statement in my opinion! the thing about bitcoin in my opinion is that you either see the potential in it or you don't. if you see it then it all comes down to your strategy. not everyone is a trader so they may not be willing to take advantage of every price movement up or down. but if you are a trader then holding is meaningless you must sell in a bear market and buy in the dips to sell on recoveries or if you want, short bitcoin in a bear market which is what we have now.
I actually think 1 and 2 are the most different. 1 is good because you can seek out news that can impact the bitcoin price. If there's news articles about a big investor thinking about investing millions into bitcoin, you can essentially be sure that the price will go up with that news. However, if you're surrounded by groups and communities, they can easily cloud your viewpoint by getting many people to raise the price for themselves to pull out while the price is high.
As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
As a beginner, I think it's hard to stay calm after the price of bitcoin crashes. They're still going to panic, and I think the best thing to do is to join groups and listen to others, and when he goes through more of that, he'll get used to it. 1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
Number 3 is pretty much is all what you need to do . And if you are one of those that can not control them self then just relax and take sometime off and forget about the market for sometime stop keep looking at the charts every couple of hours , and completely forget about it couple of months (Yes you heard me couple of months ) . 1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
I find listening to people who have a mature understanding of the technology (like clif high) really helps when the panic sets in.
As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
As much as I see these helping with people who can't help but panic sell, I also see some pretty stark danger in those options. The first one is my favorite, because I believe when it comes to business you really shouldn't trust people outside of yourself. 2 and 3 are dangerous in the sense that Bitcoin has and will always have the potential to tank. You can't rely on groups of people who just tell you that the price is always going to go up even while it's tanking.
Imho to overcome panic we have to stop reading news) If you are hodler you just have to wait. If not you need to have a trading system with exact risk profit and understanding what you are going to do in both ways of movements: up and down.
the right thing to do is to educate yourself about bitcoin and its market (aka the price) so that you don't have to seek help from others, like looking up "signal groups" or some idiot on reddit, youtube, telegram, twitter,... who is spreading bullshit all over the internet and has enough shills to praise him and pretend he is actually good!
if you do that, you will find yourself in a lot better situation no matter what the price is doing. and in the end it will come down to experience. if you have it then you will be fine and if not then start gaining some experience, start by looking at chart history.
if you do that, you will find yourself in a lot better situation no matter what the price is doing. and in the end it will come down to experience. if you have it then you will be fine and if not then start gaining some experience, start by looking at chart history.
I tend to find that most crypto investors are new to the world of investment. I am fortunate to have invested in stocks and shares so the crypto fluctuations do not worry me. I think too many want to know everything too quickly. Good investment takes time to learn.
As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
to overcome when panic when the price drops is the best way is to wait until the price back up and join the chat group and see thread notification of the coin to see what developments are in the coin.
The current situation has a technical rebound at a price, but unfortunately not more. Despite the fact that the asset almost completely played yesterday's losses, tomorrow further progress can be difficult.
Nevertheless, the immediate goal remains the mark of $ 9,000, which buyers can still come up with no particular difficulty. Further growth will be determined by the external background and the number of major players in the market.
Nevertheless, the immediate goal remains the mark of $ 9,000, which buyers can still come up with no particular difficulty. Further growth will be determined by the external background and the number of major players in the market.
Stop watching the price every day. {or like some, several times a day}
Bitcoin is a long-term investment, so you should not be bothered by the short-term volatility. Last year the price levelled out
at about $1000 and only started to rapidly increase from April '17 onwards. If you constantly look at the price, it will cause
you to panic and you might consider selling before it goes to a new ATH. {not guaranteed}
Bitcoin is a long-term investment, so you should not be bothered by the short-term volatility. Last year the price levelled out
at about $1000 and only started to rapidly increase from April '17 onwards. If you constantly look at the price, it will cause
you to panic and you might consider selling before it goes to a new ATH. {not guaranteed}
yes, you have to do everything that is related to crypto especially bitcoin.
knowledge and insight are the basic capital to do speculation. and not easy. that is why we must always try to find the source of every new information and its development.
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