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Topic: Wake up and learn, stop being a basement dweller! (Read 273 times)

full member
Activity: 532
Merit: 100
it depends on what tactics you want to choose. but for me holding is still best because i have the patience to wait for a long time. those that panic are always worried about their investment. i am not worried because i invest only what i can afford to lose even if i loss all of my investment.
fvb
member
Activity: 1470
Merit: 13
Well said !  I act, exactly as you said.  But people do not understand this and start to panic.  Everything is just beginning and we will see good times.
jr. member
Activity: 462
Merit: 2
It's true but some people don't like to pay the waiting game. They prefer to see rises even the modest ones in the bank that go up by 1% per year. In crypto it goes down 50% then goes up 150%, but people can't handle the down period

People don't realize that in the past, people waited their entire lives to make the returns we make in a year. Crypto has spoiled us.
sr. member
Activity: 604
Merit: 252
Good advice and to summarize 1 Bitcoin is worth only 1 Bitcoin, we are the ones that give the value to him in dollars. Overall, at this time your Bitcoin is worth more in front of the dollar, so you change to get possible moedas in the long run, the profit can be unique. Anyway, "low market is the jump to success at high market".
newbie
Activity: 112
Merit: 0
The golden rule - "don't invest more than you affor yourself to lose" - is ignored by the most market participants. They are all in and if they see this crush they panic so much you can't imagine. Cuz all eggs in one pot. So this happens only thanks to such people
Not only, but it takes place Smiley
member
Activity: 938
Merit: 13
AMEPAY
Yeah i agree with the thread poster, i personally also have similar thoughts about crypto and i have not seen even a single expert that is not optimistic about the future of crypto currencies, so i agree sooner or later we are gonna see new highs for btc.
sr. member
Activity: 798
Merit: 281
It's true but some people don't like to pay the waiting game. They prefer to see rises even the modest ones in the bank that go up by 1% per year. In crypto it goes down 50% then goes up 150%, but people can't handle the down period
jr. member
Activity: 378
Merit: 2
Yes, that is it. Every good trader and investor will always trade and invest using satoshi value instead of the dollar value. When investing in altcoins, it is better to always consider the satoshi value, because the satoshi value of bitcoin will always remain the same, while that of altcoins always change.
newbie
Activity: 161
Merit: 0
I also believe like you that btc will regain the good position in the market but I think, this truth still can not comfort the investors of btc while the price was at $20k before.
hero member
Activity: 1134
Merit: 517
Btc will always regain and have higher highs - it's only a waiting game as long as you don't have to cash out.
Enjoy that free advice, it works!  Wink
Be careful on that one mate. Although I'm a longterm bull as well but having such optimism can be bad for you. If you have your financial life secured, then its ok to hold during losses. It's a waiting game, true, but nobody has forever. Our time is limited, the market could stay irrational longer than you can stay liquid. So it's okay to cash out with some losses. You can always buy lower or short the market.
That's hitting the nail on the head, but unfortunately it may not really sink in, because of what some people here deem as positivism, but which in reality might be ignorance at work. We known Bitcoin has a history of always bouncing back after a crash, but just like now, the market is irrational and may well remain so longer than many can endure or remain liquid enough to contain the draw down. Unless there's an emergency, there's really no need to cash out when market starts to reverse, instead we can hedge our open positions by buying Tether= USDT and hodling it until price bottoms out and starts to climb again.
jr. member
Activity: 462
Merit: 2
Thanks for advise.People should always learn new things.Stopping , just standing is not okay.You are so right.


yes!

I love the movie shawshank redemption...this quote sums up what you said

get busy living or get busy dying

 https://youtu.be/tLpyklFEahs  - - - no a spam link, its to the quote from the movie
jr. member
Activity: 266
Merit: 1
Thanks for advise.People should always learn new things.Stopping , just standing is not okay.You are so right.
jr. member
Activity: 462
Merit: 2
It is true that the price of Bitcoin is very unstable, one moment its increasing then next it gets really low, sometimes the value of Bitcoin even jumps from top to bottom and vice versa that makes it hard to foresee what will going to happen. But, as what happened through the past years, Bitcoin is continuously moving and recovering from every situation so therefore we shouldn't make decisions impulsively based on what our eyes see. Panic selling may cause us the higher price or profit we should've earn.

If only people realized this.

Thanks for posting and it needed to be said!


jr. member
Activity: 462
Merit: 2
Keep this nugget of knowledge...

If you hold any btc, it will always be worth 100,000,000 satoshis per btc.

When the markets crash like this, you will still have 100,000,000 satoshis per btc

The opportunity is the crashed value of the satoshi value of other projects. This is when you Buy and also is when true wealth will be made.

Btc will always regain and have higher highs - it's only a waiting game as long as you don't have to cash out.

Enjoy that free advice, it works!  Wink
that's exactly the words needed for negative people who thinks anything bad about bitcoin, they should be shared this kind of positivity. many people are so afraid of losing their money, they risk their money without knowing the risk that they might face in the future. for that situation, people must have enough knowledge first before investing, and think more than twice, and if you finally decided to invest, you must believe on your investment. especially on bitcoin.

well said!
member
Activity: 337
Merit: 15
It is true that the price of Bitcoin is very unstable, one moment its increasing then next it gets really low, sometimes the value of Bitcoin even jumps from top to bottom and vice versa that makes it hard to foresee what will going to happen. But, as what happened through the past years, Bitcoin is continuously moving and recovering from every situation so therefore we shouldn't make decisions impulsively based on what our eyes see. Panic selling may cause us the higher price or profit we should've earn.
member
Activity: 172
Merit: 34
Yes, indeed. There's really no need to worry when it comes to these times when the market is red. We can see greater highs after this. This has always been the behavior of bitcoin. But never has it not recivered after a big fall.
This is very true mate! Actually if the price of bitcoin is in ted there is no need to worry about his price. Remember that when a cryptocurrency is in dip there is a high possibility that the market will grow even higher than the previous price. This is the best time to enter the market, new investors can now easily get in and get a profit.
full member
Activity: 406
Merit: 100
I think everyone in this cryptocurrency world also know that 1 BTC is always 100m sts but they don't really care about it, the only thing they care about is price of BTC in USD that why there are so many panic sellers when price of BTC just dropped a little bit. It's really easy to understand but it's not easy to control your emotional Grin
jr. member
Activity: 462
Merit: 2
Yes, indeed. There's really no need to worry when it comes to these times when the market is red. We can see greater highs after this. This has always been the behavior of bitcoin. But never has it not recivered after a big fall.


yes sir! I can tell this is not your first rodeo Cool
jr. member
Activity: 462
Merit: 2
If you hold any btc, it will always be worth 100,000,000 satoshis per btc.

If rephrase you can use this everywhere.
If you hold a kg of gold, it will be always worth 1000 grams, or 1 USD will always be 100 cents. And so on.. 

But, in big steps I agree with you  Wink


Very true. But we peg btc satoshi value to other projects. Those projects go down in sats, we buy and accumulate more.

Summer sale happening in cryptoland Cool
full member
Activity: 672
Merit: 140
If you hold any btc, it will always be worth 100,000,000 satoshis per btc.

If rephrase you can use this everywhere.
If you hold a kg of gold, it will be always worth 1000 grams, or 1 USD will always be 100 cents. And so on.. 

But, in big steps I agree with you  Wink
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