Pages:
Author

Topic: Two basic things that can give you an advantage - page 7. (Read 838 times)

sr. member
Activity: 1848
Merit: 341
Duelbits.com
In an investment that is very risky as crypto, one should always think positively, otherwise you will be crazy thinking when will you'll make profits.
It's normal to see the market always fluctuates because of its volatility so we should keep our patience and faith strong because it will give us advantage more than the others. And stay focus on your goal. Have a concrete plan when to buy or sell so that if you see you are almost there, you will start to embrace it. And always believe in yourself. There's no one you can trust but yourself.

That's right buddy, in my opinion, we really need to motivate ourselves often or for beginners who are starting to get involved in the crypto world. Because most people who are stressed about seeing minus trades, selling at a loss, panic, and other things that are detrimental, are those who cannot express their emotions when faced with bear market conditions. That's where we must be able to play a role for them.

Although we all know, sometimes it's hard to control your emotions, let alone give advice to others. Well, at least we are in the midst of people with the same goal.
hero member
Activity: 3052
Merit: 606
Many ways are done by traders or holders. For me personally, I didn't go and didn't check the market for a while. No matter the decline and also the bad news of falling prices. For me, this is just a normal thing where the cycle of ups and downs is a natural thing. Isn't this a challenging moment for us? In addition to teaching to be a patient person, committing to ourselves to keep thinking positively on the assets we hold, educating us to get used to it and be strong if at any time the fall exceeds a few days ago. The market had recovered but it turned out to be an upside trap or what we often call the Bull trap.
Let's calm down mentally and the mind must keep thinking positive in order to avoid continuous stress.
In an investment that is very risky as crypto, one should always think positively, otherwise you will be crazy thinking when will you'll make profits.
It's normal to see the market always fluctuates because of its volatility so we should keep our patience and faith strong because it will give us advantage more than the others. And stay focus on your goal. Have a concrete plan when to buy or sell so that if you see you are almost there, you will start to embrace it. And always believe in yourself. There's no one you can trust but yourself.
member
Activity: 200
Merit: 11
Yep, the first thing to do is to remain calm when you see the marketing crashing. Don't panic and sell. The market will eventually recover. You will likely have two options. First is to take some profit, exit and hope that you will be able to buy at a cheaper price to maximize your gains. This comes with a huge risk. If you aren't able to time everything properly, you will lose a lot of money. Your second option is to keep on holding until your profit goal has been reached. The safest way, but the slowest.
Yes I agree. And for the beginners who are new in this for those two basic things is knowledge about Bitcoin without this you do nothing and the second basic thing is make best strategy .
sr. member
Activity: 1848
Merit: 341
Duelbits.com
Many ways are done by traders or holders. For me personally, I didn't go and didn't check the market for a while. No matter the decline and also the bad news of falling prices. For me, this is just a normal thing where the cycle of ups and downs is a natural thing. Isn't this a challenging moment for us? In addition to teaching to be a patient person, committing to ourselves to keep thinking positively on the assets we hold, educating us to get used to it and be strong if at any time the fall exceeds a few days ago. The market had recovered but it turned out to be an upside trap or what we often call the Bull trap.
Let's calm down mentally and the mind must keep thinking positive in order to avoid continuous stress.
sr. member
Activity: 2366
Merit: 332
Regarding op about the drop, I think more people got the panic mood when price was calling down like iceberg. Newbies may be those really affected with selling in panic, an experienced trader could tether if they are merely hodling.


(usdc and doge) might be bad for long term holding.

Yes doge coin has dropped more than bitcoin have done but I still believe bitcoin bull will pull the doge up soon. Doge coin is cheap at the time selling at $0.25 and a good time to buy.
Ripples also and Ethereum has dropped, truly buying top 10 coins now may not be the profitable because there are more cheaper coins that will give huge profit.
hero member
Activity: 2352
Merit: 594
when there is a sharp decline in the market, we can take advantage of this opportunity to find support to make a purchase. and if the decline continues, we should not spend our capital in one transaction, so we can buy it back at the next support, and after that I think we can sit back and watch developments until the market moves up again. but remember, it would be better to invest our funds on the top coins

There are still some scenarios, but if this is a strong support, it is a great way to buy time, but it is not guaranteed to work because anything could happen. What is the best thing to do in a dump is to wait or cut your losses. Since it is your money, if you want to cut your losses, go, but if you want to stay, it is fine. When the market drops, the best thing for me to do is cut my losses so I don't have to think about it, then buy back at a lower price.
full member
Activity: 1246
Merit: 102
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
when there is a sharp decline in the market, we can take advantage of this opportunity to find support to make a purchase. and if the decline continues, we should not spend our capital in one transaction, so we can buy it back at the next support, and after that I think we can sit back and watch developments until the market moves up again. but remember, it would be better to invest our funds on the top coins
sr. member
Activity: 1479
Merit: 273
Seabet.io | Crypto-Casino
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.
The second one, that is why people really must know how to manage their capital. Sometimes we are not expect dump will come suddenly. And if we only rely on 1 portion of capital, we only get stuck and hold coins that we already bought. But if have another portion of capital, we can use it as back up capital and take opportunity when coin that we bought in lower price or we can change to another coin that we think more profitable and cover our loss.
hero member
Activity: 1694
Merit: 722
Leading Crypto Sports Betting & Casino Platform
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.

This can be true but in my own idea there will be a few steps before these two things you mentioned here, I would say you will need to read more about money management because without money management knowledge you will leave the market with empty hands, any investor/trader got his own plan and that's what you need bore going all-in with any coin, first you need the knowledge of money management. The next step would be to control yourself and your emotions in any condition and stay calm even when the price is falling or rising hard, this self-control makes you earn your reward.
member
Activity: 1120
Merit: 68
The second one depends, what if you don't have enough money to yourself some bitcoin even though the prices are lower? It's different because your life isn't the same or as privileged as other people. What your number should be patience instead.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
Yep, the first thing to do is to remain calm when you see the marketing crashing. Don't panic and sell. The market will eventually recover. You will likely have two options. First is to take some profit, exit and hope that you will be able to buy at a cheaper price to maximize your gains. This comes with a huge risk. If you aren't able to time everything properly, you will lose a lot of money. Your second option is to keep on holding until your profit goal has been reached. The safest way, but the slowest.
full member
Activity: 1638
Merit: 122
You are right but some times when you buy the dip the dip goes dipper lol, just imagine if bear market is already around the corner?
well that was unavoidable because we cannot read what will happen next but if you believe you have bought at a good price why would you regret ? but the op could be wrong when he said buy as many coins during the dip .
why not buy small amounts so that when theres another dip , it would not be regretful and you can buy again .
member
Activity: 285
Merit: 12
Discipline in analysis.

Yes, even if you are in a down condition, make sure you continue to analyze and take into account the various risks of buying digital assets. Don't get carried away by FUD and FOMO which can eliminate discipline in analyzing price movements of crypto assets.
legendary
Activity: 2520
Merit: 1040
Catalog Websites
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.

Second, take the opportunity to buy as many coins as possible, such as top 10 coins.
Agree with this and I just hope that most newbie investors will do it because the top 10 coins are the less riskiest ones to invest with. Of course there are still risks on it but comparing to lower market cap coins, they are a bit lesser risky than them. As for me, 3/4 of my total portfolio are in Bitcoin and Ethereum and 20% are in the other top 10's Cheesy. 5% are in the shitcoins Cheesy and I don't care if I lose it.
sr. member
Activity: 1736
Merit: 291
The example you have given can be really enough for an investor to get ahead of many other people. One of the most crucial things for an investor is to keep calm even in dire conditions. This is the greatest way to be able to recover all or most of the investment amount in time. And the other very important thing is choosing the right projects. I nearly always invest into the projects that I find promising after reading their whitepaper. One should never invest into a coin by listening to someone or not getting information about the project.
hero member
Activity: 2856
Merit: 667
You are right but some times when you buy the dip the dip goes dipper lol, just imagine if bear market is already around the corner? You will see your coins lose huge amount of value and you will have to wait a long time for good recovery, it's smarter to take profits most times and only hold coins you are ready to hold for long term.
The best thing to do is learn how to seize every opportunity so we will never regret what we have should done and what we have not. When bullish season comes, do not be greedy and learn to be contented with the price. Sell some of your coins and re invest it again if you want. When bearish comes too, its not necessary to buy everything that have low prices. Choose the best coins and those that will grow long in the future.

Keeping yourself calm is a very good behavior towards unexpected events in the market. The market is so unpredictable and this is the reason why we should not rush things to happen because what we might see today will never be seen by tomorrow so be patient as it is.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
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. Grin
 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.
member
Activity: 369
Merit: 16
$CYBERCASH METAVERSE
You are right but some times when you buy the dip the dip goes dipper lol, just imagine if bear market is already around the corner? You will see your coins lose huge amount of value and you will have to wait a long time for good recovery, it's smarter to take profits most times and only hold coins you are ready to hold for long term.
copper member
Activity: 2870
Merit: 1279
Try Gunbot for a month go to -> https://gunbot.ph
I thought that if you are advising how you can time that and short the market. That would've been awesome. Anyway, no one can completely predict that. I think it's excellent advice to be calm and not panic too much about what's happening. If you are ready on the stop loss and ready to risk what you got, why not, right? As long as you know what you are doing.

The market is on sale right now, so I think it's a great time to buy more and more and HODL it.
legendary
Activity: 1414
Merit: 1104
Bitcoin Casino Est. 2013
There are two basic things that need to be implemented when the market suddenly falls like yesterday to make a profit.

If you are a long term investor in bitcoins and other cryptocurrencies, i see no reason to be bothered with the market price always especially since you have already set a time duration to wait until your investments mature.

Also, when there's an opportunity to buy, don't just buy coins blindly and in any proportion, make sure the purchase are products of extensive research, an advice to newbies in the crypto space.
Pages:
Jump to: