The importance of staying positive, no matter what (the price is) - page 3.

magneto

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Quote from: thecodebear on April 12, 2018, 02:53:32 PM

Quote from: pitiflin on April 08, 2018, 05:40:26 PM

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.

Well thats just stupid. I took out a big loan to buy a bunch of bitcoin in late october just before the price went nuts. It was a fantastic investment. But I didn't take out more than I could afford to pay off. If anyone really did take out loans that were so big that they can't afford to pay the monthly payments without selling their investment thats just stupid no matter the market.

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.

There is absolutely nothing wrong with selling your investment, especially in a bubble situation.

But if you are selling because your emotions in a falling market(and everyone experiences that, by the way) are telling you that you should just get out of bitcoin for good, then that's where the mistake is made. What will usually happen is that you'll sell at a low level, like your brother, and then have the fear of missing out when bitcoin takes off again in a bull market, so you're actually losing money that way.

It's not about staying positive all the time even if bitcoin's in a huge bubble, but it's believing in the long term of your investment in BTC. After all, you invested because you think that BTC prices can really go up over the long run and if you sell now, you're missing that opportunity entirely.

thecodebear

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Quote from: pitiflin on April 08, 2018, 05:40:26 PM

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.

Well thats just stupid. I took out a big loan to buy a bunch of bitcoin in late october just before the price went nuts. It was a fantastic investment. But I didn't take out more than I could afford to pay off. If anyone really did take out loans that were so big that they can't afford to pay the monthly payments without selling their investment thats just stupid no matter the market.

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.

stellaekun

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Quote from: Canis Majoris on April 08, 2018, 03:11:44 PM

There is a wisdom which says that false hopelessness is much worse than false hope. You may think that it is just a catchy phrase but it is definitely not. When the prices fall as hard as they did since December, it is difficult to stay positive when you had bought right at the peak. But you really should. The difference between staying positive and negative is colossal and life changing. When you are feeling negative and depressed, you won't do anything. You will just curl up in a fetus position and cry all day long over the money you have so carelessly invested in Bitcoin. However, if you stay positive and look forward to a better future, you will be actively searching for ways out of the predicament you got into.

As a matter of fact, there were quite a lot of opportunities along the road to balance out the losses since December, and if you focused your attention on these opportunities instead of pointlessly crying over spilt milk, you would now reap profits, literally. This is what seasoned traders do all the time and you can do as well.

Thanks for sharing, you made some very good point in here.There are certainly those who profit from the market crash,they thrive on panic of others.It is very important not be at the losing end.If can stay positive in market crashes,chances are high we will be able to recover from the dips and not sell off profitable long term investment as a result of despair.

Canis Majoris

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Quote from: Tyrantt on April 12, 2018, 10:27:38 AM

Quote from: Canis Majoris on April 11, 2018, 03:55:21 PM

This is not about being blind and rushing into things. This is about being in a state where you can make decisions. Compare that to a state in which you can only sit and wait. In other words, you can be positive while remaining a realist and overall cold-blooded when you make your trading decisions. I see no conflict or contradiction here. In fact, being realistic already assumes having a positive attitude.

"This is about being in a state where you can make decisions." That's what I've meant with rushing into things, making rational decisions depending on the way of your thinking (pessimistic, optimistic). No, this is some deeper philosophy that I will not be getting into, but being realistic doesn't have to do anything with being pessimistic or optimistic.

In a bad situation, you can be a pessimist and think that it could not get worse, an optimist that it will get better and a realist where you see the situation how it actually is.

I have to disagree. Indeed, if you trade by numbers and charts alone, and can actually force yourself to stick to your trading style at all times, then that might be the case. However, if you make rational decisions, they will remain rational in any coordinate system - low or high mood, the same as based on numbers. The problem is it is by far harder to remain rational when everything looks bleak to you because you are already not rational in your thinking. Overall optimistic outlook and positive mindset is the fuel for your rational reasoning engine. There is no middle ground for a realist there because you with human nature. When you think like you are in the neutral territory, in a nowhere land, you are already pessimistic. On the other hand, when you think you are most realistic, you are actually in a positive state of mind. Anyway, I don't see a single reason why you would not want to delve into this thing.

It would be an interesting discussion.

Tyrantt

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Need some spare btc for a new PC

Quote from: Canis Majoris on April 11, 2018, 03:55:21 PM

This is not about being blind and rushing into things. This is about being in a state where you can make decisions. Compare that to a state in which you can only sit and wait. In other words, you can be positive while remaining a realist and overall cold-blooded when you make your trading decisions. I see no conflict or contradiction here. In fact, being realistic already assumes having a positive attitude.

"This is about being in a state where you can make decisions." That's what I've meant with rushing into things, making rational decisions depending on the way of your thinking (pessimistic, optimistic). No, this is some deeper philosophy that I will not be getting into, but being realistic doesn't have to do anything with being pessimistic or optimistic.

In a bad situation, you can be a pessimist and think that it could not get worse, an optimist that it will get better and a realist where you see the situation how it actually is.

gabmen

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Quote from: Altcoins enthusiast on April 11, 2018, 05:34:22 PM

Remaining positive no Matter what happens is very important for you to actually succeed in your investment. Bitcoin and other crypto currencies can make you rich if you are ready to actually remain positive over all your position. I have been trying to teach people how to buy and hold coins for long-term and one thing that I think is very important for them is to remain optimistic about they open position.

Well your outlook towards your investment could very well determine if you'll succumb to panic or not. If you trust in btc, of course the price decline wouldn't mean that much for you since it's only at a moment's instance. Being negative about it makes you uneasy and nervous whenever the price drops.

rizkyhiw

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In one thread you create this very deeply, it's a problem that when they think negative things they can do because if they are related to money they will feel the fall and lose everything, especially the value of money they invest is very big, are very worried about them but not the return of bitcoin prices think they have no more hope in the future, it is negative thinking that can hurt oneself hard to think positive if one's mental is not strong to hold all this important money back that is in mind them now, hopefully more easily understood what happens with bitcoin nowadays every want to invest there is a risk and must accept the consequences.

Altcoins enthusiast

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Remaining positive no Matter what happens is very important for you to actually succeed in your investment. Bitcoin and other crypto currencies can make you rich if you are ready to actually remain positive over all your position. I have been trying to teach people how to buy and hold coins for long-term and one thing that I think is very important for them is to remain optimistic about they open position.

Slow death

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Quote from: Canis Majoris on April 08, 2018, 03:11:44 PM

When the prices fall as hard as they did since December, it is difficult to stay positive when you had bought right at the peak. But you really should. The difference between staying positive and negative is colossal and life changing.

this started because the price just went up and did not fall, people bought at the price of $7000 and days later the price was $9000 and more people bought and days later the price was $11000 and weeks later the price was $15000, more people bought in the belief that the price would go up very high and the price actually rose to $19,000, with so many news channels spreading these all price increases and many analysts making forecasts of more price increases, no one thought that the price could fall and when the price dropped the panic began, came the disappointment and many people began to complain, this would not happen if people were making long-term investments

Quote from: Canis Majoris on April 08, 2018, 03:11:44 PM

When you are feeling negative and depressed, you won't do anything. You will just curl up in a fetus position and cry all day long over the money you have so carelessly invested in Bitcoin. However, if you stay positive and look forward to a better future, you will be actively searching for ways out of the predicament you got into.

only people who have invested in the long term and people who bought very early have reasons to always remain positive, but people who borrowed and bought bitcoin have reasons to be desperate

Quote from: Canis Majoris on April 08, 2018, 03:11:44 PM

As a matter of fact, there were quite a lot of opportunities along the road to balance out the losses since December, and if you focused your attention on these opportunities instead of pointlessly crying over spilt milk, you would now reap profits, literally. This is what seasoned traders do all the time and you can do as well.

exact

Canis Majoris

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Quote from: Tyrantt on April 11, 2018, 01:35:46 PM

I like being realistic at all times. Being positive and optimistic can make you rush into something without that much of a thought. Somewhat clouding your thought with "this is going to be good","it's going to work",etc...

Same goes for being negative and pessimistic. Not being able to see something or even maybe denying to see due to being, well negative.

Keep it realistic, look at what's going on, follow the market and play smart. Don't rush into things, that's my best advice.

This is not about being blind and rushing into things. This is about being in a state where you can make decisions. Compare that to a state in which you can only sit and wait. In other words, you can be positive while remaining a realist and overall cold-blooded when you make your trading decisions. I see no conflict or contradiction here. In fact, being realistic already assumes having a positive attitude.

BUK2016

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It is always important for one to remain positive in every situation you found yourself particularly when there is a fluctuation in the values of your portfolio (coins) because if you do the other way it may lead you to sell at lost.

Tyrantt

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Quote from: Greenkarki on April 10, 2018, 03:16:39 PM

Buy as many coin as you can as every coin so very cheap and is in red.

Love this part, read it a few times and have no clue what's going on. Grin

I like being realistic at all times. Being positive and optimistic can make you rush into something without that much of a thought. Somewhat clouding your thought with "this is going to be good","it's going to work",etc...

Same goes for being negative and pessimistic. Not being able to see something or even maybe denying to see due to being, well negative.

Keep it realistic, look at what's going on, follow the market and play smart. Don't rush into things, that's my best advice.

Canis Majoris

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Quote from: eaglewhite80 on April 10, 2018, 01:28:06 PM

However, even if you did eventually make such a mistake, like the OP have said, there are ways that you could have at least gotten out of it even during the downtrend, but like it, most people would still prefer to stay in their ignorant state and rather whine and complain about everything.

After all, it is their choice for which they pay the price. I'm not telling anything new, what I say has been known for years.,if not centuries. Some of us are more pessimistic by nature, some more optimistic - these are the lucky ones, but in the end it is not something which is set in stone and cannot be balanced out. There is another wonderful wisdom which says if there is a will, there is a way.

Greenkarki

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At times positive vibration can capture more market. This would bring in more investors into crypto which will help circulate more coins in the market. This in turn bring more values to the crypto currencies especially to bitcoin. Buy as many coin as you can as every coin so very cheap and is in red. This is the right time to gather coins in the current wallet to see.

Canis Majoris

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Quote from: pitiflin on April 08, 2018, 05:40:26 PM

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.

You seem to be missing the whole point of this thread, and not just you, to tell the truth. You can get your money back by riding volatility, doing arbitrage, and likely via a lot of other things which I even don't know about but you should have a positive attitude toward what you are doing - in this case, trading. When you are positive, you will search for ways to change things and the status quo. You will look into opportunities of earning back what you've lost. It is not given that the price will ever go back to previous highs in the foreseeable future - or at all, so passively waiting may not be a viable option, all things considered.

eaglewhite80

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Quote from: Larster on April 09, 2018, 12:55:59 AM

This is a useless philosophy that has nothing to do with cryptos or blockchain. It is a matter of your character and the way you are used to live. You could likewise say that it is better to be a good man than a bad one, or a clever than a stupid one. So what?

Everything about it is true and as long as it makes sense, it is not useless. You think if those who have been holding for a long term and reaping the benefits now had lose hope, they would have reaped those benefits?

The mistakes a lot of people have made is that they got greedy (that is the basic fact) and with that, they just expected the market to keep going up and then giving the whales a lot of money to take as a result of their panic, but the thing is, those who were never ignorant of the market situation and got in with some knowledge will never have fallen for such.

However, even if you did eventually make such a mistake, like the OP have said, there are ways that you could have at least gotten out of it even during the downtrend, but like it, most people would still prefer to stay in their ignorant state and rather whine and complain about everything.

Coffee_Lover

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Staying positive is quite difficult you know. Each of us is undergoing into different sufferings and trials, only ourselves know when it will end. On the other side, keeping the faith and staying positive is a great help to boost self-confidence and self-trust.

Wind_FURY

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Quote from: Canis Majoris on April 09, 2018, 01:28:15 PM

Quote from: Wind_FURY on April 09, 2018, 02:14:47 AM

OP, but does Bitcoin always have to be a "money making investment"? We hold Bitcoin not only as an investment but to be a part of something revolutionary or being a part of the revolution that is going to change the world itself.

Like the invention of the airplane, the telephone, or the internet, Bitcoin is also rejected at first by the mainstream. But that's ok, more cheap coins for us. Cool

Myself, I have nothing against that. But this topic is not about the people who invested in Bitcoin as something which they expect to take or win over the world in due course. In essence, it is more is about staying positive when you see massive losses accumulating - and acting accordingly - if you are not quite happy with that. Obviously, those who think of or believe in Bitcoin as a new revolution, they don't fall into this category. But they are minority here.

Then if they are here only for the profits in fiat, then I say they deserve all the stress they are having and I hope they finally learn the lesson that holding Bitcoin regardless of the price is the only way to keep it stronger. Most of us are not coders, trading experts, or scholars. The majority of the community are ordinary people. The least we can do to truly support it is by holding and by talking to people about it.

darewaller

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Quote from: pitiflin on April 08, 2018, 05:40:26 PM

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.

It may not give them their money back, but if they were not ignorant of how the market has always been and they got in for the right reasons and not because of greed, they should have known better that this is a long term investment and not just some sort of get rich quick scheme.

I know it is a hard to take in for those who may have gone in big, but staying positive, finding ways to make things better and probably looking forward to the future, which they should have done in the first place, is the only way that would make them not to take the worst decisions.

Honestly the truth is that this is a market and things like this are always bound to happen and really like what OP said, so many people are busy crying and complaining over nothing when they should at least be taking those little advantage of the market or trying to learn ways they can. I guess it is how some people have decided to fashion themselves anyway, and since all they can do is to complain about everything, that absolutely gets to cloud their judgment of finding how to make things better.

Canis Majoris

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Quote from: Wind_FURY on April 09, 2018, 02:14:47 AM

OP, but does Bitcoin always have to be a "money making investment"? We hold Bitcoin not only as an investment but to be a part of something revolutionary or being a part of the revolution that is going to change the world itself.

Like the invention of the airplane, the telephone, or the internet, Bitcoin is also rejected at first by the mainstream. But that's ok, more cheap coins for us. Cool

Myself, I have nothing against that. But this topic is not about the people who invested in Bitcoin as something which they expect to take or win over the world in due course. In essence, it is more is about staying positive when you see massive losses accumulating - and acting accordingly - if you are not quite happy with that. Obviously, those who think of or believe in Bitcoin as a new revolution, they don't fall into this category. But they are minority here.

Topic: The importance of staying positive, no matter what (the price is) - page 3. (Read 460 times)