I want to welcome you for sharing these important three points. Most of us among crypto lover get mad when price fall. I suggest them to follow these three rules. One of another point ,dont be insane while price fall down. Be careful with your crypto and wallet.
Topic: Three things you should not do when Bitcoin prices drop! - page 14. (Read 4780 times)
Let me share my own experience here, I have lost my capital multiple times in my initial days of trading when I used to trade based on the others opinion without doing my own research and hence it is something that I would never recommend to others. Whenever the price falls, we generally put ourselves under the panic situation and take decisions just because the other guy is doing the same.
OMG!!! these 3 things are exactly what i have done always in such situation!!! so i am a big looser 
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many thanks for your great advice . i will try to be more patient and trade without emotional reaction .
.many thanks for your great advice . i will try to be more patient and trade without emotional reaction .
I am definetely not going to sell my coins at the current prices.
Current I am in loss especially with coins like ETH where the loss is about 30%. I am expecting growth in coming years.Day tomorrow is also very important in my opinion when there is judgement coming in India. If they give a decision in favor of crypto, it will help to accelerate the prices.
Current I am in loss especially with coins like ETH where the loss is about 30%. I am expecting growth in coming years.Day tomorrow is also very important in my opinion when there is judgement coming in India. If they give a decision in favor of crypto, it will help to accelerate the prices.
Also - do not panic sell! thats a really big mistake newbies make !!
Panic selling is probably one of the biggest mistakes a newbie or anyone can make, and unfortunately it is the mistake that we are seeing the most at this time, this is especially true for ethereum, a coin that has been hit the hardest when it comes to its price because as we know a lot of icos are having problems getting money in order to develop of their projects, and as you may guess this creates a vicious circle in which a decrease in the price of ethereum creates even more panic and then more people sell.However I have the opinion that ethereum is going to recover and when it does all of those that sold their coins are going to be very sorry for their actions while people like us that take advantage of the great prices are going to be very happy with their profits.
They are practical steps really, however, it will be kind of difficult to follow and adhere to. Where your treasure is, there your heart will be also. It can only be followed strictly if the amount invested isn't that much. But where it's a substantial sum, you'll literally be living from following charts to seeing greens everyday. To be candid, the points you raised were awesome. Looking at charts all day long could make one vulnerable to anything. A little flashlight of green here and there could make one to sell, without much recourse to if it will improve. One tends to calculate hurriedly in such circumstances. All are geared towards eliminating being a panic seller. Thanks for the tips.
When the bitcoin price falls, I sell it at a low price and I'm afraid that the price of bitcoin is bigger, so most traders sell their bitcoin at a lower cost when its price drops.
It depends on the person holding the BTC. At the current price of BTC, you cannot avoid to look at the price chart and waiting to rise again.
If you invested last December 2017 you might have a heart attack right now.
Nowadays crypto market has a slight recovery and it shows that bear market has temporary ended. I think this might be a good start for the crypto market in gaining it's momentum to a much further increase in the coming weeks. Investors are now at least slightly comfortable with the current adjustment and hoping for a sustaining pump soon. If you invested last December 2017 you might have a heart attack right now.
In moments like this people tend to be inhesitant in their acts all because prices have declined but in all, be patient and considerate in your decisions,do not sell your coins with the fear of it dropping again, dont be a coward buy more coins if you have the resources to.
Nowadays crypto market has a slight recovery and it shows that bear market has temporary ended. I think this might be a good start for the crypto market in gaining it's momentum to a much further increase in the coming weeks. Investors are now at least slightly comfortable with the current adjustment and hoping for a sustaining pump soon.
In day trading, these are the key points: having a trading plan and turning off emotions. If you do not have the first part - turn off the computer and make / plan a trading plan. Otherwise, you will trade chaotically, not understanding what you are doing and why. Serious trading is like training in a gym. For constant training you obviously have a goal: to type such a volume of biceps, to fix such weight, to pump your legs, back to such and such parameters, etc. This is the plan.
Actually, imo taking profit is the best tactic (better be safe then sure), and nothing to blame there; why always want more? Just want less and be grateful.
The prices are not controlled by people not selling, but by over all volume... because this show the implication of people, and how many are involved in it.
Day trading or swing trading, imo (i am not an expert) is all about entering at proper time, enough to build a base (ur on 3% gain for example), use that for next entry, either take the profit, or just add more to the investment (take new position), and so on.
I noticed i am way more confident if i even have a small profit since last trade. This is how confidence is BUILD ON, victories, LOTS of small victories.
The prices are not controlled by people not selling, but by over all volume... because this show the implication of people, and how many are involved in it.
Day trading or swing trading, imo (i am not an expert) is all about entering at proper time, enough to build a base (ur on 3% gain for example), use that for next entry, either take the profit, or just add more to the investment (take new position), and so on.
I noticed i am way more confident if i even have a small profit since last trade. This is how confidence is BUILD ON, victories, LOTS of small victories.
I agree with your three important points not to do while price fall down. We all crypto lovers as well as crypto holder should know and follow to get escape from lose. I suggest you another point, that is panic sell, is very bad in business.
Many bitcoin holder becomes afraid about bitcoin market and then they start to sell their assets. But it's the time to be patient and hold it till the price increased. So it's not the time to be panic.
I remain optimistic and believe that the price of bitcoin will increase doubled by the end of this year and I advise you not to sell it when the price is down. On the contrary, at this time we must make a purchase for our investment and we must remain patient wait until a sunny day comes for bitcoin investors
When the price drop to the bottom that's the high time to hold some bitcoin by buy it. And don't be panic if you hold some and now it's market is down from your buying price. Be patient and hold it for long term.
1. You should not be afraid and sell your bitcoins.
2. You should buy more bitcoins when their prices hit the bottom.
3. You have to persist and store your bitcoin for long.
2. You should buy more bitcoins when their prices hit the bottom.
3. You have to persist and store your bitcoin for long.
I agree with these three things. It is surely important that an individual or an investor will have the guts to do something with his coin, it is just the perfect timing to buy at the same tome the perfect timing to sell. It is equally important that you should buy at the low price, the market that is not in a good state is a great opportunity to be grabbed. And lastly bitcoin is our future therefore we must consider holding it until the future.
Well that's the bad part, there are people who get scared very fast. It is usually the people who bought it recently and never before has suffered a price decrease.
And they are looking at the graphs every 10 minutes to see if they do not go to the well.
And they are looking at the graphs every 10 minutes to see if they do not go to the well.
Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "
Don't get carried away by emotions and ambitions for big profits in a short period of time. Always be patient and always see developments that can cause a bitcoin price movement, if we are able to master it, then I'm sure to always benefit and never panic about the situation. in bitcoin price movements.
That's 3 things really important it anyone involve with bitcoin. Many newbie becomes afraid at this time and do mistake and at the end thet loses. Don't need to be afraid at this time.
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