Topic: Three things you should not do when Bitcoin prices drop! - page 8. (Read 4780 times)
For an investor it is important to know that what he should when the price falls.First of all he should not panic.By panic selling he will just make his investment disadvantageous and useless.He must have enough patience to hold his coins in hard times.If he will hold and wait for the right time then he will surely make his investments gainful.One more thing an investor can do is to start trading.By trading he will buy and sell on regular basis and in this way he will be able to cut his losses.
Whereever there is a pump, people don't care much about what they are buying. As long as they have that feeling of getting rich quick overnight and until they are buying in. At least this is what majority of people do. BTC can be used as a currency but mostly it is used for trading and for flipping money with other altcoins etc. Of course all of them are correct. Everybody should have the right to believe in what they want, it is their choices in life..
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.
Yes, that's probably one of the ways you do when the price of bitcoin goes down. But it all depends on what you choose because all the decisions are in your control, my advice is to think carefully and wisely before you make a decision.
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.
I agree with "don't jump into a coin when the price has jumped too high". Usually there will be a correction in price before the trend continue or changed. Btw, in trading everything will look very complicated especially what is the right time to start to buy and what is the right time to make sell order. Each person must have his own way and it differs form one to another.
need to wait and see how bitcoin can do in the future,
When the price of Bitcoin drops, you should hodl instead of panic, by hodling, you will lose little or even no loss. You have to be smart and make good decisions when prices fall.
1. You should not keep too much bitcoin.
2. You should not buy bitcoin at this time.
3. You have to be patient and wait for the bitcoin to rise again.
2. You should not buy bitcoin at this time.
3. You have to be patient and wait for the bitcoin to rise again.
Curious advice. As for me, it is better to hold Bitcoin during this time and do not do anything with the cryptocurrencies. As practice shows, this strategy works always.
If you sum up everything that was written in this topic, then everything can be said much easier. For any investor there are only two points - the moment of purchase and the moment of sale. You need to buy when the asset has fallen very heavily in price and sell when it is already impossible to not sell.
When you keep checking on the market all the time you will actually lost interest of the market and this causes panic to all weak hands and if you sell out of panic you will regret when the market picks up
That is right due to the fact that we are expecting more of the price, and what we just want is to see the good side and without taking advantage of the positive side, that is why we should be careful with our own action. 
When you keep checking on the market all the time you will actually lost interest of the market and this causes panic to all weak hands and if you sell out of panic you will regret when the market picks up
That is right due to the fact that we are expecting more of the price, and what we just want is to see the good side and without taking advantage of the positive side, that is why we should be careful with our own action.
When you keep checking on the market all the time you will actually lost interest of the market and this causes panic to all weak hands and if you sell out of panic you will regret when the market picks up
When the price of bitcoin falls, then you should not panic and keep monitoring price movements and actively look at factors that can affect price movements, and most importantly, keep holding patiently, do not sell if you have not yet benefited. That's what should be done when the price of bitcoin goes down, because we must continue to believe that bitcoin remains strong and is still the king of crypto, bitcoin will definitely rise again and we will always get profit through bitcoin investment, always be patient without obeying emotions.
So are saying that we should not panic but keep looking at the charts/price movements? Do you really think look at the price will help you not to panic? Instead just starting at the price will act as a catalyst to increase your anxiety and make you more nervous. The best thing to do is just stay away from the market for a while. Sit back and relax. Just check in after few days a week. I also want to add one more thing.
Do not buy some altcoins during the drop of the bitcoin price.
When BTC start to drop, people who have altcoins are worried about their investment because the volatility of altcoins are higher than BTC and start to sell their alt to decrease their losses. This means alts are wipe out during the bear market.
I have seen a trend where when Bitcoin price comes crashing down, almost all the altcoins seems to follow suit as well. But one thing that OP said which I don't agree is that we should not sell when the value rises. Some have set a specific target to sell when they invested initially, I think that reaching the said target will be an okay time to sell. Do not buy some altcoins during the drop of the bitcoin price.
When BTC start to drop, people who have altcoins are worried about their investment because the volatility of altcoins are higher than BTC and start to sell their alt to decrease their losses. This means alts are wipe out during the bear market.
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 "
I agree with your opinion especially number 3. We should not see the movement of the price all the time. Just be patient or panic. We can buy the coin at the lower price. We must believe that the bitcoin price will be rise again. It gonna be happen if we trust it. Don't sell it panicly ! Just be patient. 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 "
One thing I did when the price of Bitcoin dropped was, keep patient and don't sell coins at cheap prices. that's all I do, and if the price doesn't go up for a long time, then I will look for other activities, the important thing is that I keep my Bitcoin even though the price is down.
Yes, you really can actually help information for new traders smarter to choose what will be done when the price of bitcoin falls and can avoid losses.
When the price of bitcoin falls, then you should not panic and keep monitoring price movements and actively look at factors that can affect price movements, and most importantly, keep holding patiently, do not sell if you have not yet benefited. That's what should be done when the price of bitcoin goes down, because we must continue to believe that bitcoin remains strong and is still the king of crypto, bitcoin will definitely rise again and we will always get profit through bitcoin investment, always be patient without obeying emotions.
I also want to add one more thing.
Do not buy some altcoins during the drop of the bitcoin price.
When BTC start to drop, people who have altcoins are worried about their investment because the volatility of altcoins are higher than BTC and start to sell their alt to decrease their losses. This means alts are wipe out during the bear market.
Do not buy some altcoins during the drop of the bitcoin price.
When BTC start to drop, people who have altcoins are worried about their investment because the volatility of altcoins are higher than BTC and start to sell their alt to decrease their losses. This means alts are wipe out during the bear market.
yes that's right what you say with no
1. Don't try to catch the right market!
2. Don't sell your coins when you see your coin soaring!
3. Don't look at the Chart all day!
and most importantly if there is money you better buy it when the price drops, then you will get a lot of coins.
1. Don't try to catch the right market!
2. Don't sell your coins when you see your coin soaring!
3. Don't look at the Chart all day!
and most importantly if there is money you better buy it when the price drops, then you will get a lot of coins.
(•) Don't look the price in the market. It's really hard to understand why is it become like that and it's definitely dropping.
(•) Have more patients to wait while the market are dump.
(•) Everything there's a reason to happened, and everything will have to fix by faith, so don't give up one day will resolve it.
(•) Have more patients to wait while the market are dump.
(•) Everything there's a reason to happened, and everything will have to fix by faith, so don't give up one day will resolve it.
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