Topic: Three things you should not do when Bitcoin prices drop! - page 9. (Read 4780 times)
When Bitcoin price drop I only did one thing which is to control my emotion. It is because emotion could be the reason why we did something unnatural, something crazy and stupid which will result in loss. The best thing to do when the price of Bitcoin drop is to buy more if you still have funds to invest. If you are a holder then the best thing is hold. Here in this crypto industry every trend is an opportunity whether it is uptrend or downtrend.
This is also the experience when you trade everyday, contributing to create more experience for beginners. This is a basic lesson in trading but most people are not able to do so. People always face FOMO and can not improve.
I have plans for my bitcoin so I am not move by the market force, FUD and some events that is making some people to nurse fear. People have different motive of purchasing bitcoin, The motive is what make people to panic and sale.
When the Bitcoin market price drops, the first thing we need to do is not to panic, as that will not make us panic sell. Then we need to calm and hodl our coin
to my own opinion never buy because price are droping , it could a trap. always use fundamental analysis and technical analysis. this will really help you you catching out huge profit. never be too greedy or fearful to take decision.
Don't lose your mind
Shouldn't make the decision hastily
shouldn't ask women.
Shouldn't make the decision hastily
shouldn't ask women.
I want to add 1 thing is that do not be a panic seller. Whenever bitcoin price down, people tend to be worry, panic and sell their coin. But i think you will regret soon, just hold and do not sell
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.
DO not panic ,do not sell by dumping and do not raise force alarm.
I totally agree with your points, people miss them alot, if you are here to make money and trade there is other ways, but if you invest all the money you have and stare at the charts, and invest in the FOMO, there is a big chance you will lose what you invested by doing the wrong moves, think about the long term, or be smart about trading.
I think the three things that we shouldn't do are selling and trading our coins or buying cheaper coins without looking its if that coin have worth. We should wise even more especially in cryptocurrency because before you earn to it, you need to know that its not easy to do, you need to strive more and need your time and effort. So doing the dos and donts will help us to avoid mistakes.
I totally agree with your points, people miss them alot, if you are here to make money and trade there is other ways, but if you invest all the money you have and stare at the charts, and invest in the FOMO, there is a big chance you will lose what you invested by doing the wrong moves, think about the long term, or be smart about trading.
As for me, what I personally do which has been helping me is that, when the prices goes down, I try my best to sell or exchange all my coins I have into USDT which is a more stable coins even if prices goes down.
The most important things need to knows of the holders and investirs if the price is dropping
Do not panic selling to avoid cause of loses some of the cause of loses is panic selling
Need to learn themself how control panic during the price drops
This strategy are very effective ways during the price drops
This is also good never panic selling when the price of bitcoin drops. The most mistakes of other users has was selling right away to avoid loses. Well, in fact the more they are on panic selling the more they suffer of losing their coins. Patient and be calm is necessary this should be carried by every users. Do not panic selling to avoid cause of loses some of the cause of loses is panic selling
Need to learn themself how control panic during the price drops
This strategy are very effective ways during the price drops
The most important things need to knows of the holders and investirs if the price is dropping
Do not panic selling to avoid cause of loses some of the cause of loses is panic selling
Need to learn themself how control panic during the price drops
This strategy are very effective ways during the price drops
Do not panic selling to avoid cause of loses some of the cause of loses is panic selling
Need to learn themself how control panic during the price drops
This strategy are very effective ways during the price drops
I think everyone knows that buying, and holding back are decisions that must be made when the market drops.
reduce trading activities, or short-term trading and short-term investments can result in little profit.
The problem with many traders is that they concentrate themselves in obtaining short term profits and while that may work for a while it is not going to work for the long term, the market of cryptocurrencies is incredibly unstable so it is better to set yourself long term goals that you can achieve instead of unrealistic goals that are impossible to achieve in the difficult conditions of the market in which we find ourselves to be in.reduce trading activities, or short-term trading and short-term investments can result in little profit.
So the best thing to do right now is to just hold your coins and try to find the perfect moment to enter in this market, because even if I expect a recovery at the end of the year it is not going to be anything close to what we saw in the previous year and people need to accept that fact.
Guys I will just sum up my experience here in the market in just two lines as below:
In Investing, always remember that Rome was not built in a day
&& In Trading, always remember that Hiroshima and Nagasaki were destroyed in a day.
So whenever the prices of the bitcoin and other crypto coins drop, instead of creating panic, you should maintain your calm and act wisely!
Great thoughts in life, its true I really like the idea of this one. We should be more wise so our hard works will be paid off later on. Investing/trading is not so easy it requires everything, and we should always remember that. There is no guaranteed in this market, when the market drops no guaranteed that it will recover right away, we need to be wise and have patient. Panicking is not good, just make a clear strategies when the market drops again. In Investing, always remember that Rome was not built in a day
&& In Trading, always remember that Hiroshima and Nagasaki were destroyed in a day.
So whenever the prices of the bitcoin and other crypto coins drop, instead of creating panic, you should maintain your calm and act wisely!
Many investors generally recommend not to watch the price of bitcoin if you are investing in the long term. As a result, the price will still recover, and you will only spend your nerves, and it's good if you do not succumb to panic.
If you still watch it, you will just become anxious about it. For me, the fist you should not do is selling or trading. Never trade your bitcoin when the price is dropping, you will only get a low profit.
It's simple. Use the mechanics of other investment lessons to treat Bitcoin investment also.
First and foremost, do not panic. panicking can only lead to impulse actions, and this can make you make some trading mistakes like selling off your coins. Bitcoin has fallen to ground zero before, and has also risen to its peak too. So this is a proof that even if the prices fall, it will definitely rise again, it's an investment.
Secondly, don't follow predictions. People who are worrying will definitely infect you with their ill mentality. Stay off those kind of people with weak emotions.
Thirdly, stay off the charts.
First and foremost, do not panic. panicking can only lead to impulse actions, and this can make you make some trading mistakes like selling off your coins. Bitcoin has fallen to ground zero before, and has also risen to its peak too. So this is a proof that even if the prices fall, it will definitely rise again, it's an investment.
Secondly, don't follow predictions. People who are worrying will definitely infect you with their ill mentality. Stay off those kind of people with weak emotions.
Thirdly, stay off the charts.
Many investors generally recommend not to watch the price of bitcoin if you are investing in the long term. As a result, the price will still recover, and you will only spend your nerves, and it's good if you do not succumb to panic.
If you still watch it, you will just become anxious about it. For me, the fist you should not do is selling or trading. Never trade your bitcoin when the price is dropping, you will only get a low profit.
Simple thing is dont get greedy sell your coins if you geting profit....
Jump to: