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

in crypto it is important for us to stay positive because we all knew that the price of cryptocurrency is changeable...there are times that it continues to drop the price which makes us scared that we might loss our money instead of having our target profit so the tendecy is we jump to panic selling which is not the right thing to do because as i have said the price of crypt is changeable so if you think positively that it will bounce back to high value you won't result to panic selling and just wait until you get your aim which to get big profit

I think this words ' be positive no matter what is not for all believers. If we notice each of us, we are not in the same capacity of money in the wallet, we have a big difference in our life status even financial status. So to be positive no matter what is not for all but it is for those who earn more that 100% profit already. They are the masters and doctorate degree of dealing crypto world. Those new birds we must inline our journey base on what will be our earnings even a small amount it is ok as beginner.

You are right, for those who give up in the first sight of the problems they will never take this far and they will not profit as what they are expecting. Those people who have become extremely wealthy because of bitcoin has generally have the same characteristics: they are risk takers, patient and determined. In the times where there is a price depression their fortitude is immense and they did not budge. And true enough in time they have reach their goals and are living comfortably. They know better the market, they know it is volatile but they know when to fold and show their cards. In time they have gain wisdom of how to play safely in these crypto industry. I know it was not bed of roses all the time maybe mostly thorns along the way but they sure reach their goals at the end and are still playing for more.

That is what I always say to those helpless people. They continue to whine even if the price drops by 100USD. They think bitcoin is going to cease to exist. Yet, the truth is that bitcoin will never die, not for now because it still has not been known worldwide. Added to that statement, the price will keep on growing and one day, it will exceed 20kUSD as it did in the end of last year. That is why we should keep on believing in bitcoin.

Yes I agree, having a positive thought even how bad the situation is, can somehow give you a little light to stay calm and be able to stay focused on the things you want to do. Staying positive is a good sign of being mature enough to handle different circumstances in life and in cryptocurrency as well.  Knowing the characteristics of bitcoin that is far from being steady. We should have a positive thought or else we shouldn’t be here in the first place.

I don't find a lot of logic in your example and reasoning alike. In fact, I'm really curious if you actually don't understand my point. If you are caught in a burning house and you are hopeless, which means being in a state of utter despair - synonymous with being in the most negative state of mind ever possible, you won't be searching for an exit since it is all over for you from your own point of view. The whole idea of staying positive is that it gives you strength and power to look for a way out. That's why your example in real life would actually prove my point. In other words, no matter how bad your circumstances might be staying positive is the optimal strategy, if not overall the best one. Who has more chances to survive, the one who fights and hopes to pull through or the one who succumbs and gives up any hope?

It's not that hard to understand really.

Staying positive whatever the price is could help a lot and could improve our confidence to hold our bitcoin. Somehow people makes smart and being wiser in trading cryptocurrency and valued on what he is doing during trading. So the importantce of being positive throughout the market will gives us a return of advantages.

But False Hopelessness is way different from staying positive. I'll give you a scenario you are inside a burning house where you are near from the exit. Will you wait for the firefighters to save you or you can save yourself right away just by going out your front door? See that staying positive in the wrong scenario could place you in a wrong position and I don't think you want to be trap in a burning house waiting for help to arrive. People think just because Bitcoin is going down all they can do is hold on to their losses, what people don't see is that even if their position is on a loss they can still make money just by selling it and also buying it at a lower price. I have done it and now I have accumulated a lot of Bitcoin because of it. 

Sometimes we might feel like staying positive is useless and not helping but this is just getting emotional.  When it comes to business and investments,  getting emotional is really not helpful.  Patience is what we need in order to stay in the game here because if we don't have it,  we will always end up contributing in the panic selling. Staying positive is not bad because it will help calm you down in situations which you thought that you can't surpassed. 

True, it is quite difficult to stay positive but we all need. We are in the risky world of crypto we're price is not stable. But we need to trust and patient no matter what happens.

They might knew it now, that bitcoin increase far from its last fall, it will be nice to know that the Holding is still worth it, being panicked will not lead into anything good. Better study the market and see how to earn on it.

Yes you are right...it might not get them their money back but will surely get them out of the trouble and panic that might have been created in their minds because of the recession period. Positivity not only helps you feel good but also makes your thought process work in a better manner. This lightens up the surroundings around you and will not let you make the stupid decisions like suicides, murders or something else. Being positive in difficult situations is not a cup of tea for everyone. It is an art that everyone must learn in order to live a good, hassle free life.

So what do you disagree with? Did you read the OP at all since it looks like you didn't? It is not about closing your eyes and praying in silence, not in the least. On the contrary, it is about being proactive and taking steps that will lead you toward better overall trading experience, maybe toward earning profit or at least breaking even if you feel like it is not your cup of tea and you don't want to play this game again.

Well yeah that's a good thing if you have that kind of attitude for sure it will be great if almost all people have that ability.  The price of bitcoin will increase more and more higher than usual, staying positive in such a situation makes people think smart.

You see,most of the people don't do that[the underlined part]. They borrow more than what they can afford. Usually this is a big no in trading,unless you know what you're doing,like deep shit.
Yeah you can't wait long if you have borrowed a loan,I mean think about it. Staying positive is essential but being smart is more essential. The more stupid you act,the more you lose.

No I don't agree with this at all.  If Bitcoin is in a general decline there is no point in putting your hands over your ears and saying to the moon.  1m by the end of the year.  It's just not sensible. 

Even if a person bought at 19k or something,they can still profit. They can always prefer to trade/invest in different ICOs/gambling sites and make profits. Just because you bought at 19k and now the price is 8k doesn't mean that you'll forever be in a loss unless the price goes above 19k. God knows,how many days/months that will take. Be smart and know your shit properly.

Yep, that's exactly the point I'm trying to get across here. Staying on the bright side and having a positive outlook is not about forgetting about your problems as it is about being able to solve them. In other words, if you want to solve your problems, you should be thinking positively. You can't effectively and efficiently solve them if you on the downside. If you are not thinking positively, then you should change your attitude if you are really looking for a solution. Obviously, trading is just one aspect of life where this approach is applicable. However, it is likely the one aspect where it is most applicable as all your losses are perfectly recoverable - at least, with Bitcoin.

Gave you the last sMerit I had.

100% agree with this statement. You can't tell someone who put their money into bitcoin at 19,000 to "stay positive." That money might not ever come back, and the loss of 50% of their investment is a big blow to not just their bank account but their motivation towards investing in crypto. It takes a very unique and strong-willed person to keep investing in something that they lost so much money in. People shouldn't stay positive no matter what the price is, they should stay smart. If anyone plays their cards right, they will have the opportunity to make money.

It is easier said than done but it is the right choice to make. Every situation is quite difficult especially when everyone seems to be afraid and start panicking. But having a clear mind and a positive outlook on every situation makes the difference. While others decide to stop or to sell. It is an advantage to those who buy. So what is the best way to do? Stay calm and then when the right time comes, we have to celebrate the right decision we have made.

Yes it's important to stay positive, and to be honest the easiest way to see this thing is consider your investment for a long term, BTC and crypto will gradually recover, it need times but we surely going to make profit, and I know there are many investors had been suffered a big lost in the early of 2018, and we need every one to stay positive because negative thinking only going to stressed out themselves and force them doing the reckless thing

It's easy to just talk to keep thinking positive, it's really not good to think continuously negative thinking can change a person psychologically and make their mind depressed, I appreciate if they are so depressed with the current price drop, most people invest with all the money they have without thinking about risk, of course, will make their way of thinking disturbed by bitcoin prices that never go up until now on the other hand there is a more important responsibility related to what they invest, or do not work and just expect profit of bitcoin, it is the most common mistake experienced by most investors to gain financial freedom, not denying it is difficult to think positively while on the other hand there is a more important responsibility so it is natural that they feel it all, stay smart in making decisions and investing so that can replace what's missing, while waiting for bitcoin prices to go up.

It's not hard for me to stay positive. I have long ago returned all my Fiat money that I invested in order to become a part of the cryptocurrency community. Now I get profit from the profit that brought me cryptocurrency. Therefore, I always keep a positive mood and will not leave bitcoin at any price. I believe that bitcoin is the currency of the future.

If you don't have long term belief in your investment, and you end up selling after a drop for a loss, with Bitcoin you can also take what you sold and trade it against Bitcoin, using the volatility to make money.

I've also employed this method during the crash. I sold some of my bitcoin after it dropped a lot in order to start trading with it so that I can cash out some profits on the side instead of just having to wait years for bitcoin to reach some really high price, and I still have plenty of bitcoin that I'm holding long term. Currently my trades are stuck at around $11k and I expect them to be stuck for another couple of months. But thats no reason to be negative. In a few months those trades will complete and I'll start trading again and be cashing out good money on a weekly basis most of the time as the market goes back up. I might even put a little bit more money in soon to trade with just for fun and to make a little profit while I'm waiting for my other trades to hit their sell orders.

So I guess I'd say having some money set aside for trading after a crash can keep you positive, because then even if you are just waiting for the price to recover to feel good about your investment again, you can trade for fun and profit as the market returns and that way no matter how long it takes for the price to recover you can be making money along the way (and yes I can say it feels very good to actually get to regularly cash out some trading profits from bitcoin while the rest of your investment is just sitting around for a few years).

I invested everything I have, plus a lot I didn't have through a loan in cryptos last year. I don't consider my mentality of believing in bitcoin long term to be bordering on insanity as you say. I'm still easily in a profit now even at the bottom of the market, even though I have over $150k less than I did at the top in december. Nothing wrong with that, I don't mind one bit. Because I believe in the future of bitcoin. I'm 100% confident in 2019 my crypto will be worth far more than it was in december, and a few years from now it'll be worth far more than it will be in 2019.

The ultimate, and really the only, way to stay positive on any investment no matter what the price is, is to believe in it long term. Anyone who doesn't believe in it long term should have gotten out with profits when it was dropping in december or january. Anyone who does believe in it long term doesn't have the problem of staying positive and if they have money should be buying the dip right now.

I've been talking about this, the price is now unstable, just by continuing to monitor and try to stabilize the price, but it is advisable to be more patient because the future price will return to recover

Positivity is a big key to success. If your mind is negative you will never achieve any thing because negativity is co existent with fear and living in fear is living in a dark and unproductive life.

I do not get your point of how staying positive is useless? And your explaination is simply contradictory. Having a positive mind set is a good thing not only in cryptcurrencies but almost in all aspect of human life. I do not get your predicament in this topic.

I disagree with you., why do you call patience and positivity useless in investing in bitcoin or any other cryptos? I believe that this are relevant attitude if you are into cryptocurrencies. For example if an investors expects high because he bought bitcoin at higher price but he did not reach his expectations he will just give up because it is useless to be patient and positive?  What the heck are you saying? This is plain and simple advice that investors must hold on be patient and stay positive because naturally bitcoin is volatile it could go down in a minute but it could also go up in a blink. There is so much to expect in bitcoin and to achieve an expectation one must put time effort and dedication on to it because if you dont then cryptocurrencies are not for you!

We sometimes get frustrated and feel so unsatisfied because of not achieving our goals in life and we feel like we have done our very best, but still you feel like something is wrong. Life's like that, it does not always give what you want, but by what you deserve. The road to success is rough, but the way you ride with the journey matters. Be positive and let it be spread out across the world, it is contagious.

Staying positive no matter what the situation is can be very challenging. Life is inevitable and full of surprises, we don't know what's gonna happen next. But if we let negativity be unwired from our thoughts, actions, and words then I think it can have a great impact on how we view life. Focus, listen, and know your goal and direction.

yeah being positive is the best way to keep our selves calm in different problem.  Especially here in crypto 'cause sometimes it fluctuate time on time and to hard to predict the volatility., so in order to save our money from it we must put some  patience and efforts on it and always think positive and control your emotions if you don't want to end up to losing money.  

It is really hard to stay positive especially when you bought right the top or near the top. It seems that you cannot recover anymore if you have negative thinking and maybe for those who were hyped and just entered the crypto world during that time, half of them maybe sold it at a loss and moved on leaving the crypto world totally and the remaining ones just hold on to their coins hoping for a comeback and eventually be in profits. The ones who borrowed money to invest in bitcoin may have some problems already on how to pay their debts so they have no choice but to sell it and find other means to pay for the balance.

I always believe in the power of positive thinking because I have witness it not only in crypto but in other aspects of life. If you have problems then you will not be able to solve it by just sulking and accepting the fact that you cannot solve it. There would always be a way if you remain positive. In crypto, if you just continue to trade then you would have learn more and even if your portfolio is at a loss then maybe after some time , you will be able to get back your losses by trading slowly.

You are right definitely agree with you. Many will be quick to say and judge how weak hearted are those people who sold out or got depressed with the long drop after December 2017.. But I feel sorry for them because it is not easy to acquire such money and to invest in such an expensive price buying during the peak of bitcoin price value...Nevertheless with the losses must come the great urge to recover..the drop does not mean the end..and one must she it as an opportunity invest at a lesser capital and expect less but there is a bigger chance of actually profiting greater..

We often act without being completely aware of what we are doing. Yes, it may sound a little strange, but it is in fact so. Most of the time we act on autopilot without thinking twice or even once, while our actions are based on our past experiences. Thereby we repeat our past over and over again. Our emotions play a major role in this because when acting in default mode, our actions are fully determined by what we feel, not by what we think or find rational or reasonable. As explained in the OP (or somewhere in the thread), thinking is a conscious effort driven by awareness, whereas behavior driven by emotions is the opposite of that.

Nothing will happen to us if we are going to in a negative mode all the time, that is why we need to stay positive and calm ourselves no matter what we are doing especially when we are doing holding bitcoin. Remember, that positive attract things, so better to stay positive no matter what.

I don't think it works in practice. Indeed, if you invested a relatively small amount of money (relative to your income, of course), then you kinda have this mentality right away. But even in that case it is not guaranteed as the other poster justly noted. But if you invested in Bitcoin all your lifetime savings, actually having this mentality would be bordering on insanity. Basically, what I talking about here is a technique for setting yourself up when you can act rationally. It is definitely not about making you into a Bitcoin holding zombie.

Bold part - exactly.

My other brother bought at ~$2700, sold half of that for I guess $3xxx during the crash from $5000 to $3000. I told him he was crazy and he absolutely should not have done that. And of course if he waited just a few months he could have sold at $10k or $15k of $19k. He put in so little money relative to what they have (he just put in $2500 to buy .89 BTC) that the risk of losing that a couple thousand dollars when you have a good career is really not a risk at all, but the upside if you hold is maybe you sell in a few years and could possibly make $50k or $100k or more (or he could have sold late last year and made over $10k even after taxes for a tiny 6 month investment). So why did he sell half his BTC, worried that he was going to lose all of a few hundred dollars, and took the out of gaining a few hundred dollars, pure emotion of "oh my god my investment is dropping i better sell!"

First rule of bitcoin: never listen to your emotions.

And of course I've violated that rule plenty of times, especially during my first bitcoin stint back in 2013/2014, and it pretty much always results in losing money or losing bitcoin.

I think your mentality going into a highly volatile investment like Bitcoin has to be "hey there may be times when I'm way down on my investment but I believe in it long term and I only put in what I can afford to keep in there for a long time so I don't care about a market crash, I can just wait".

If you don't have that mentality and strategy then you shouldn't be investing in Bitcoin. That's how you stay positive no matter what the price.

My parents and uncle finally decided to buy around $10k/$11k in december, and bought more way up at $17k. But I told them when they were buying to just make sure not to sell if the market crashes, hold out for the long term as they can be highly confident it will be up at some point in the future even if they've lost value for a while. The long term view is how you not care about what the price is at any given time.

Staying positive may be good if you wanted to focus on long-term investments - in fact it looks like the only option to stay just sane in the long run - but this is not what I wanted to say in OP. It is not about talking yourself into doing nothing for a couple of years in a less stressful way. Quite the contrary, my whole point was about carrying out a well-thought-out plan how to get out of losses if you were unlucky to buy at December highs.

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.

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.

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.

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.

"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.

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.

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.

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.

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



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


exact

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.

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.

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


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.

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.

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.

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.

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.

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.

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.

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.

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.

If you are about to give up or doing negative thought, think of this first your reason why you are here? Why you choose to deal with cryptocurrencies rather than in stock market or any other investment schemes, why you have invested in it? Is it just nothing or because you believe in it, f yes then why panic?

The same can happen with other investments eg shares. A company can issue a profit warning and shares can drop 20% in a day. Issue a second and it is another drop. A third usually means the end of the company.

This has everything to do with everything else in life, not just with trading, crypto or blockchain. People with a positive mindset and overall optimistic attitude are a lot more successful in life than their more negative - or just negative - counterparts. The point is if you are genetically, or whatever, predisposed to a negative mindset, you have to consciously change it if you want to succeed in whatever endeavor you choose to pursue. As I explained in OP, people with a negative attitude or just in a down mood are not inclined to act purposefully and effectively, but without action there is no reaction.

I’m cool, calm & collected. No panic here, my coins will one day make me a rich man. I can wait a few years.

Can't agree more with that. This is the attitude that I stick to myself. If you are a trader, as opposed to being an investor - otherwise known as bag holder most of the time, you should primarily care about volatility and your ability to ride it. But crypto has yet to fail us in this department. Obviously, that requires a positive mindset. People who whine about low prices will just sit and see how prices go lower and their capital disappears into the haze.

All what I want to say here is that KEEP EMOTIONS OUT OF CRYPTO!

Emotions gonna cost you huge in crypto market. Intsead of holding your dead bags and coins bought at peak, try to sell them and cut the loss. Try to trade back with that amount and cover your loss. What's the fun of HODLing Bitcoin bought at $20k all the way till now when the price has plunged almost 65%. Instead, if someone has sold it near $14k when a more dump was evident and traded that amount in some other coin and got some profit margin, then that's the best way to invest and trade in cryptos. Patience can cost you huge in bear market. Patience might work in bull phase. But you need to be quick with analysis else you can easily get rekt.

All markets need lossers, and in this case, the losers will be the ones that panic sell because they lack the long term vision that investors that get really rich from paradigm shifts have. Most people aren't wired to think long term, they think linearly, they only see how the price was $20,000 and now it's $6,000, meanwhile I see how the price was $3,000 less than a year ago.

Perception is lost quickly in this volatile market. I only see progress, noobs only see a "crash". They will eventually sell their coins to me for a cheap price, and they will fomo back in at $30,000. This is how it works.

mindset is do'a! yes, it is very important to always think positive. if people buy right at the top of course it would be very panicky and depressed to see the market now. Their fault is, they just plant their money in one place only. there are still many coins that are profitable to make a place to invest. before plunging into the world of crypto, at least we have On the second thought, so that when viewing the situation now will not panic and Go to pieces. not much can be done by people who buy at the top, they just have to keep thinking positive and be patient to wait for his price to recover.

Well said. And the least you can do right now is to just hold onto your coin. Don't get affected by your emotions and start panic selling, because that's exactly what the majority of the inexperienced bitcoin investors are doing. And never does it work.

The action that you can take definitively in this scenario would be in my opinion average down your costs by buying at the dips. Each time bitcoin dips in this bear market, buy some more BTC so that eventually, your buy price can be a fraction of what it was when you bought your coin at the peak.

The next bull market will eventually come(as unlikely as it sounds right now) and all the people who actually bothered to look into the future and had the patience to stick to their initial investment will be rewarded. The ones who panic sell will have an empty bag at that point, only wishing that they had held onto their investments.

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. 

If we focus on the wider picture and trade like professional there is no way you can lose money. Trading is a game of the mind and that is why many traders especially the panic one lose mush money. If you invest act the wrong time you will lose money and if you invest at the right time you will make money. The major problem we are having is people invest at the top and expect price to do in no time.

Its not a 'useless' philosophy. You should read between the line to understand what the OP mean. All he is trying to say is that if you focus you attention too much on the certain coin price you will keep whining. I believe that before anybody invest into cryptocurrency they should be ready and prepare for the worst cause in cryptos, you need patient to eat the fattest bone. Instead of powering your energy to the price well it drops, channel it to other opportunities.

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?

i've never heard this one before but i liked it.


this is the problem with most people who invest in bitcoin. they want a certain thing: to become rich overnight, and as that doesn't come true they start acting strange.

the fact is, it really doesn't matter when you buy. what matters more is what you do after you bought. for example if you bought to trade bitcoin only then falling or rising ,... should not even matter, you should be able to make profit from any market trend that comes up.
and if you bought just as an investment then it still shouldn't matter what happens next. if prices were falling then sell in early stages not after a long time and the bottom! and then simply buy back.
making mistakes is always ok as long as you don't repeat them and try fixing the mistake you made.

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.

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.