Topic: Two basic things that can give you an advantage - page 6. (Read 869 times)
That's right but before that I think we have to make sure that we have done the market analysis. We can't make our mind believe that the price will go up again without doing observation, calculation and market analysis. Although I am a contrarian investors but I don't buy a cryptocurrency just because the price is fall. I learn about the coin first, from company's internal factors to external factors, also the prospect of the business segment. For example, I invest in a cryptocurrency called TRX, before I bought this coin I need to know about company behind it, this company founded by experienced person from another popular cryptocurrency that already success, this company works like ETH company and it's also already have many DAPP. So I think this cryptocurrency is promising.
I think that before doing everything that OP says is to review well how those possible currencies are developed to invest, in the case of BTC it is known that it is the safest currency, it is the King currency, there is no other that equals it, before make a decision you must study the previous movements, it is known that if a bullish rally occurs in BTC, it is obvious that at some point there will be a correction and that is where you can intuit if it is worth buying that correction other alts to wait for its recovery and seek a x2, x3.
What is always sought is to buy Alts when the first correction of BTC occurs, but only when the uptrend is confirmed, this is the safest way to buy for short-term gains with the alts.
What is always sought is to buy Alts when the first correction of BTC occurs, but only when the uptrend is confirmed, this is the safest way to buy for short-term gains with the alts.
I can't say this is a foolproof solution to the people's FUD and FOMO surfacing whenever a market crash or a bearish season happens but in my years investing and observing cryptocurrency there is not a day that this hasn't worked wonders for me. Provided that you have the patience and the money to boot every market crash will look like a gold rush to you. Allowing you to buy cryptocurrencies especially the top 10s as OP mentioned in their cheapest rates before a bounce happens. I wouldn't advise this for people who cannot afford to tank the losses and those who are in for day trading and stuff however, because this technique will definitely leave you splitting hairs.
They are panicking when they see the market bleeding. They don't have the patience to wait and just do nothing. They are the ones who doesn't have a Plan B with their investment. They are the ones who are just thinking that the market will go up and up and up.
Unfortunately there are way too many people who mistake what they are doing as something cool and collected. Reality is that we are in a situation where life is not as easy and it takes time to master over your emotions. I understand though, I mean think about it we are talking about thousands of dollars for some people, many people are putting their life savings into crypto imagining a life where they could make a lot more money, like not just decent semi-okay money but more like money that would make them rich and finally retire and live a dream life.
So, when it comes to making 10% or losing 10% then suddenly it becomes big emotions. They were expecting their lives to change and they ended up failing, which is why it is hard to do it, since it is a big expectation that usually never comes to life. What I can suggest however is to go into crypto not thinking about changing your life forever, but to take the control over your finances, that makes more sense and would be easier to handle.
It's all case to case basis really. That's why personally before suggesting a technique to a friend who is into crypto or just plain-out someone who wants to receive guidance, I ask them what they can and cannot afford to lose because we don't ride the same boat in the cryptocurrency wave. Some of us are on yachts and cruise ships while other barely cling on a lifeboat to get by. Through digging deep and understanding, you will be able to offer help and advices that are much effective than just plain out saying: "HODL until you die".
First, the attitude must remain calm by thinking that it will recover.
It seems pretty easy to do but in reality, it is very hard to do and that is the reason why most investors lose their money.They are panicking when they see the market bleeding. They don't have the patience to wait and just do nothing. They are the ones who doesn't have a Plan B with their investment. They are the ones who are just thinking that the market will go up and up and up.
So, when it comes to making 10% or losing 10% then suddenly it becomes big emotions. They were expecting their lives to change and they ended up failing, which is why it is hard to do it, since it is a big expectation that usually never comes to life. What I can suggest however is to go into crypto not thinking about changing your life forever, but to take the control over your finances, that makes more sense and would be easier to handle.
First, the attitude must remain calm by thinking that it will recover.
It seems pretty easy to do but in reality, it is very hard to do and that is the reason why most investors lose their money.They are panicking when they see the market bleeding. They don't have the patience to wait and just do nothing. They are the ones who doesn't have a Plan B with their investment. They are the ones who are just thinking that the market will go up and up and up.
So, when it comes to making 10% or losing 10% then suddenly it becomes big emotions. They were expecting their lives to change and they ended up failing, which is why it is hard to do it, since it is a big expectation that usually never comes to life. What I can suggest however is to go into crypto not thinking about changing your life forever, but to take the control over your finances, that makes more sense and would be easier to handle.
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
That is the bare minimum, and despite that fact many traders are unable to do something like it and decide to take a rushed decision and lose their coins that way.What I wonder is what people are thinking when they do something like that? I get that sometimes the markets can move incredibly fast and they can get scared because of it, but anyone that takes a look at what the market has done in the past should know this is the price you need to pay to be part of it, and despite of this they still keep making the same mistakes and they keep getting losses because of it.
Again, the rules can be described as "repetition, the mother of learning" Or old common truths.
OP, yes, calmness should always be in both a growing and a falling market, there is no place for a nervous one in crypto. I am amused by people who recently bought, and they check their balance every day. Yes, yesterday you bought during, and today you should get rich. Yeah.
If you are investing, relax, there will be profits, but not tomorrow, just wait. And do not be a greedy fool who invests the latest finances so that in the event of a crypto fall, you will not be left with your bare ass.
Yes. You are right. Greed is the nature of fools in investing. Rising and falling prices are common in the market, but as long as we can position the right time whether it's in short-term or long-term investments, the opportunity for profit remains.OP, yes, calmness should always be in both a growing and a falling market, there is no place for a nervous one in crypto. I am amused by people who recently bought, and they check their balance every day. Yes, yesterday you bought during, and today you should get rich. Yeah.
If you are investing, relax, there will be profits, but not tomorrow, just wait. And do not be a greedy fool who invests the latest finances so that in the event of a crypto fall, you will not be left with your bare ass.
The point is self-control, and it takes a long time of training. Wealth does nothing for the future, we see a lot of this as evidence that learning to be a holdover is something that not everyone can do. Investing is thinking about future income, so in the long term of course there are many things that make us weak just because we see prices go down, Fud, Hype will affect. But back again in investing is a commitment to profit in the future.
Calm down is always necessary not just because of seeing the market falls but also because it needs in the market up. You will have a chance to think and make a strategy to use the moment for your benefit and that is your time to buy as many coins as possible. But that will depend on your funds because you do not have to buy many coins if you feel confused to analyze one by one. It is better to stick with less than 5 coins but those coins have a big potential to increase than to buy many coins, which we do not know if that coin has a chance to increase.
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
Small price drops will not affect the trend, but there will be deep declines, breaking the trend. The best way is to trade according to the technical analysis you have determined, set a stop loss to protect your account.
We can buy during the dips, as you said, and quickly get out for short-term profit. Holding an order for a long time can be risky because the market is unpredictable and may fall deeper than we think.
It is a nice way of thinking to me. We have panic sellers also in this market as many people know. These panic sellers are just helping the market be in even a worse condition while there is already a dump going on. One of the most important things is keeping calm after a big amount of drop in the price. We must be able to think about the future also. We must be aware that the coin we invested in can start recovering after the dump ends. However, I don't say this for every coins. I mean if you invested in one of the really promising projects or the top coins in the market, then all the things I said are valid.
This correction phase can be beneficial for people to buy even more Bitcoin indeed. It is not good to see the market falling of course but we should see this as a bigger opportunity to buy also in the end. If we take advantage of this situation well, we could make even a greater profit in the long run. We need to keep calm in these situations also. We should show our difference from the panic sellers by managing the condition wisely.
If they still have more funds, they can use this time to buy more bitcoin.But not all people can do that, especially if they read on some websites that tell them that bitcoin will go down for more.
People who read that news will be afraid to buy bitcoin at the current price and they prefer just to wait and see.
Yes, calm down in these situations will be better than rush or panic because we might see something information that other people do not see.
This situation will end soon and we can only prepare for anything that might happen later.
I think your "two things" are a bit more like common sense to be honest becauss those should be the most obvious things that you should do when you're getting into trading. Maybe you could've shortened it to only one and it could have blanketed a lot of things that most people advice which is having a common sense.
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
Exactly the attitude I wanna have right now and want everyone to understand the importance of same. The market is still crashing and what to say I am in love with this. Last month only I had that urge of buying more coins and where I was in the situation of wishing I would have bought more last month. Lolz. You see how complicated it was and this I don’t wanna repeat today. So I’m planning on putting at least few % of my salary this time into the coins which I have not bought already. I am thinking about ADA, MATIC, WRX, FUN etc. Seems to me reasonably good way to increase the portfolio.
Indeed, the current falling market is very favored by some investors, especially those who have succeeded in taking profit during the market pump.
This is a good opportunity to buy potential coins, because prices are already very low and it's a good decision to buy coins now. If you really plan to buy
coins that you haven't bought before, it's actually a good thing to add to your portfolio. As many people say we don't keep eggs in one basket,
it means dividing our money is a good thing. The problem is that not all coins are worth buying, so be careful when choosing which coins to buy.
Always do research and analysis before deciding to buy coins, from some of the coins you mention there are probably ADA is what I recommend the most.
This correction phase can be beneficial for people to buy even more Bitcoin indeed. It is not good to see the market falling of course but we should see this as a bigger opportunity to buy also in the end. If we take advantage of this situation well, we could make even a greater profit in the long run. We need to keep calm in these situations also. We should show our difference from the panic sellers by managing the condition wisely.
For so many times we see how BTc falls but it still able to recover. Taking advantage at this time for those who have extra money can benefit them in the future. But it doesn't mean that those who experience the fall will not be able to earn from it. Before I was able to sell some BTC and trade it with other altcoins that in hype like Ico and Defi season, we just need to see where we can do best in trading. There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
Exactly the attitude I wanna have right now and want everyone to understand the importance of same. The market is still crashing and what to say I am in love with this. Last month only I had that urge of buying more coins and where I was in the situation of wishing I would have bought more last month. Lolz. You see how complicated it was and this I don’t wanna repeat today. So I’m planning on putting at least few % of my salary this time into the coins which I have not bought already. I am thinking about ADA, MATIC, WRX, FUN etc. Seems to me reasonably good way to increase the portfolio.
This correction phase can be beneficial for people to buy even more Bitcoin indeed. It is not good to see the market falling of course but we should see this as a bigger opportunity to buy also in the end. If we take advantage of this situation well, we could make even a greater profit in the long run. We need to keep calm in these situations also. We should show our difference from the panic sellers by managing the condition wisely.
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
Hard to advise when you are not in the situation. It's easy to say calm. For me, it's ok to panic "responsibly". What does it mean? It means while being under pressure, you are still in yourself and won't do any reckless thing that will make the situation more worst. Emotions are human nature and it's impossible to avoid that.
And for the other one you mentioned, don't just limit yourself to the top 10 coins. Buying as many coins as possible as long as you know what you are doing can also apply to others coins as well.
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
True. I believe the mistake most investors make is panic selling when such dips happen instead of taking advantage of the situation. Every opportunity to pick up some more good coins/tokens at a lower price should be taken though we understand that some investors might not have spare funds at that time also is another problem. I also believe that there are good projects to invest in and not just only the top 10 cryptocurrencies if you really know where to look. In this market, people need to make more research on finding potential coins/tokens that will grow in a short time.
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit. First, the attitude must remain calm by thinking that it will recover. Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
I agree with you that if your strategy is long-term holding you just should be calm and accumulate stable coins to be prepared for dip and to be prepared to buy good currencies for low prices. On the other hand, if there are shit coins in your wallet, or just those tokens that you are not sure if they will recover after fall, you should think about selling off them.
The top 2 will always recover, no doubt.
I think those who are in panic are new guys and it's just normal. Even if you told them to be calm in this type of situation they won't.
It's the first reaction of someone who put his money in and thinking it would be profitable.
It actually sucks to be in that position and that's why the basic thing is you should learn first and read some experiences from veterans.
That way you can be ready and have an idea of what is going to happen avoiding regrets of joining the dump.
I think those who are in panic are new guys and it's just normal. Even if you told them to be calm in this type of situation they won't.
It's the first reaction of someone who put his money in and thinking it would be profitable.
It actually sucks to be in that position and that's why the basic thing is you should learn first and read some experiences from veterans.
That way you can be ready and have an idea of what is going to happen avoiding regrets of joining the dump.
Again, the rules can be described as "repetition, the mother of learning" Or old common truths.
OP, yes, calmness should always be in both a growing and a falling market, there is no place for a nervous one in crypto. I am amused by people who recently bought, and they check their balance every day. Yes, yesterday you bought during, and today you should get rich. Yeah.
If you are investing, relax, there will be profits, but not tomorrow, just wait. And do not be a greedy fool who invests the latest finances so that in the event of a crypto fall, you will not be left with your bare ass.
Yes. You are right. Greed is the nature of fools in investing. Rising and falling prices are common in the market, but as long as we can position the right time whether it's in short-term or long-term investments, the opportunity for profit remains. OP, yes, calmness should always be in both a growing and a falling market, there is no place for a nervous one in crypto. I am amused by people who recently bought, and they check their balance every day. Yes, yesterday you bought during, and today you should get rich. Yeah.
If you are investing, relax, there will be profits, but not tomorrow, just wait. And do not be a greedy fool who invests the latest finances so that in the event of a crypto fall, you will not be left with your bare ass.
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