Solution to overcome panic - page 13.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

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.

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.

chocolaty

member

Activity: 294

Merit: 14

Newbies do not possess the skill that old members have. It is difficult to predict what will happen next based on chart which is why it is best to ask those people who have sufficient knowledge about stuffs here. Reading threads here can somehow enlighten your mind and if it still confuses you, consult someone. This is what I personally do. Good thing I know some people who are joined here ahead of me. In terms of panicking, so far I have not let my panic decide for my actions.

supermine

hero member

Activity: 826

Merit: 518

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

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

One and only thing we can do is set up our mind for the long run holding that can save us from panic selling and joining in the signal groups can cause more worse the panic selling,o just do your own research but you need to have that confident and trust on bitcoin price then you never sell it for loss.

rivkavender

newbie

Activity: 56

Merit: 0

Quote from: TheUltraElite on March 28, 2018, 08:49:39 AM

Quote from: rivkavender on March 28, 2018, 08:46:02 AM

as a newbie since i am too and only been in this space for about a little over 6 months what I have learned is to never become emotionally attach to the money.
Which is very hard and im not saying i am 100 percent perfect at it but it will overall be better and healthier for you in the long run.

Do not become emotionally attached to your money. Although the deflationary design of bitcoin makes people stockpile it for future. The question still remains - for how long? A person's lifetime? or to their successors as well? I believe you should cash the bitcoins at times of pump and then buy back when the dip happens. This recycling as per the market movement is important.

Quote

One solution I have is I have started to think in crypto and not fiat because if i start thinking in dollars then i will go crazy because of the volatility of the market.

True but dont forget that crypto is the one which is more risky. How you invest in different coins is upto you.

Quote

But when i think in crypto everything is much better because i am essentially compounding!

Not essentially because prices can drop often.

If you are emotionally attach to the market and its easier said than done but you will experience more pain and panic if thats the case.

Thats just the facts.

I for one have stopped being so addictive and obsessive over the market and have been focusing on other things in my life and sometimes thats what people need to do and then come back to the market. pick up a book or go for a walk and dont be addictive to this because you will get rekt in the long run brotha

acha1217

full member

Activity: 560

Merit: 104

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

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

Many people panic when bitcoin price down because they not use money which they able willing to loss it, and they panic when the Bitcoin price go down and they sell it, maybe they use money for daily needed, and I think this is one of some requirement when invest in bitcoin or another crypto. So very sugested if :
• Use money which you able willing to loss it
• Be aware if bitcoin price is fluctuate

And still consistent, when you hold some bitcoin/ another crypto and the price not reach your target price you should consistent to never sell it, because we don't know how bitcoin price later.
Bitcoin usually reach high price in long term time, many peoples says "bitcoin good for long term investment"
And believe if all will be back to normal again

Tisubasha

newbie

Activity: 80

Merit: 0

my advice, you should be patient to wait for bitcoin prices to go back up again.
and you have to be sure and believe that bitcoin prices will definitely be stable again.

charlotte04

full member

Activity: 504

Merit: 102

Quote from: eduvacation.net on March 28, 2018, 08:34:48 AM

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

I would recommend see if the market is all red or all green, you just have to wait it all the time and be patience.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: rivkavender on March 28, 2018, 08:46:02 AM

as a newbie since i am too and only been in this space for about a little over 6 months what I have learned is to never become emotionally attach to the money.
Which is very hard and im not saying i am 100 percent perfect at it but it will overall be better and healthier for you in the long run.

Do not become emotionally attached to your money. Although the deflationary design of bitcoin makes people stockpile it for future. The question still remains - for how long? A person's lifetime? or to their successors as well? I believe you should cash the bitcoins at times of pump and then buy back when the dip happens. This recycling as per the market movement is important.

Quote

One solution I have is I have started to think in crypto and not fiat because if i start thinking in dollars then i will go crazy because of the volatility of the market.

True but dont forget that crypto is the one which is more risky. How you invest in different coins is upto you.

Quote

But when i think in crypto everything is much better because i am essentially compounding!

Not essentially because prices can drop often.

rivkavender

newbie

Activity: 56

Merit: 0

as a newbie since i am too and only been in this space for about a little over 6 months what I have learned is to never become emotionally attach to the money.

Which is very hard and im not saying i am 100 percent perfect at it but it will overall be better and healthier for you in the long run.

One solution I have is I have started to think in crypto and not fiat because if i start thinking in dollars then i will go crazy because of the volatility of the market.

But when i think in crypto everything is much better because i am essentially compounding!

What do you guys think?

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

I have another view. I prefer a solution for not having panic rather than one for overcoming it.

1)   Do a lot of research about the asset you are going to buy before you buy it and decide to buy it for its fundamentals and long-term perspectives.
2)   Only invest money you can afford to lose.
3)   Diversify.
4)   Don’t have more than 25% of your portfolio in high-risk assets like bitcoin.

Those are basically my points. With those I yawn in markets like the current ones.

eduvacation.net

jr. member

Activity: 96

Merit: 1

Nice Trip With Us

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

Topic: Solution to overcome panic - page 13. (Read 1073 times)