This market crash taught be a valuable lesson on BTC trading. On my demo trading game, I noticed my portfolio was down by a lot. And I fell in the trap of panic selling. That's not what you want to do man. Don't do it.
The best lesson to learn about crypto trading is to stay calm when the market dips. It's actually a good thing. Dips should be viewed as discounts as it allows you to buy your favorite coins for cheap. Once the market gets back to normal, then it's smooth sailing again.
Don't panic man. Trust me.
Topic: Weak Hands lose money, strong hands makes profits in this game! - page 22. (Read 2137 times)
January 18, 2018, 09:43:45 AM
January 18, 2018, 09:40:45 AM
I have been through this time and time again. We go through a dip and everyone is running for the hills or selling their coins.
The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands.
I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^
Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic.
The weak hands will lose money and the strong will thrive in this game. Hodl on people! 
The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands.
I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^
Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic.
The weak hands will lose money and the strong will thrive in this game. Hodl on people!
Cannot agree more with you, the trading game is only for strong people, weak minded will always make the moves that allow us to profit. If you believe in something just hold on to it, it will pay off later.
January 18, 2018, 09:38:29 AM
I know this gets repeated over and over, but that's probably because new waves of newbies have to learn the same lesson. Still, Bitcoin as an investment is extremely volatile, and they likely have never experienced such swings before. It's quite hard to blame them, especially the ones who have never really invested in any market.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
Those newbies really have to learn it the expensive way. LOL. We have been preaching over and over again not to dump during dips, actually its the perfect opportunity to make profits long term. However, when panic sets it, their decision is clouded and the only thing they would do is push that sell button. Just wait and you will see a lot of them shouting that they have made the wrong decision of dumping it during the crash. Bitcoin is back above $11,000 now and looks like the rally is picking up. Better keep on Hodling and see your investments grow overtime.
I suppose that many newbies who lost big are not even a member on bitcointalk.
It's imaginable many of them just bought because they got a tip from a distant friend who said bitcoin is a safe bet.
And at the point when realized the magnitude of the downtrend, they went out. Exactly at the lowest point.
Maybe some of the new guys here had better luck. Hopefully at least some read and followed the advices the experienced members gave.
January 18, 2018, 09:36:37 AM
Yesterday was an interesting day,for some it seemed that it is day when all coins will go to 0 and like always there is a big panic which some smart people like OP are use in their favor and buy some cheap coins.What is certain that BTC and altcoins are not for people with weak heart and basic understanding how things work.Personally, I'm not surprised because people are in panic,a month ago price was almost 20 000$ and yesterday has sunk to 9000$,only the most faithful did not lose hope in such moments.
But as someone said,this was a good lesson for all newbies and for some older members-we are back today to almost 12 000$
But as someone said,this was a good lesson for all newbies and for some older members-we are back today to almost 12 000$
Completely agrre with you.
So much panic every time when the price goes down and it seems that no one isn't learning anything from it.
But yesterday it was extraordinary situation to make money, who bought bitcoin yesterday today had the chance to make almost 3000$ on one bitcoin. But most of users were just crying and complaining.
January 18, 2018, 09:27:37 AM
Yesterday was an interesting day,for some it seemed that it is day when all coins will go to 0 and like always there is a big panic which some smart people like OP are use in their favor and buy some cheap coins.What is certain that BTC and altcoins are not for people with weak heart and basic understanding how things work.Personally, I'm not surprised because people are in panic,a month ago price was almost 20 000$ and yesterday has sunk to 9000$,only the most faithful did not lose hope in such moments.
But as someone said,this was a good lesson for all newbies and for some older members-we are back today to almost 12 000$
But as someone said,this was a good lesson for all newbies and for some older members-we are back today to almost 12 000$
January 18, 2018, 08:57:15 AM
In addition to what you said the strong mind can only win this race. Anything related with investment is always risk associated either you leave it or take it, it all depend on your mind and determination.
January 18, 2018, 08:50:04 AM
I know this gets repeated over and over, but that's probably because new waves of newbies have to learn the same lesson. Still, Bitcoin as an investment is extremely volatile, and they likely have never experienced such swings before. It's quite hard to blame them, especially the ones who have never really invested in any market.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
Those newbies really have to learn it the expensive way. LOL. We have been preaching over and over again not to dump during dips, actually its the perfect opportunity to make profits long term. However, when panic sets it, their decision is clouded and the only thing they would do is push that sell button. Just wait and you will see a lot of them shouting that they have made the wrong decision of dumping it during the crash. Bitcoin is back above $11,000 now and looks like the rally is picking up. Better keep on Hodling and see your investments grow overtime.
January 18, 2018, 08:19:30 AM
I know this gets repeated over and over, but that's probably because new waves of newbies have to learn the same lesson. Still, Bitcoin as an investment is extremely volatile, and they likely have never experienced such swings before. It's quite hard to blame them, especially the ones who have never really invested in any market.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
Those newbies really have to learn it the expensive way. LOL. We have been preaching over and over again not to dump during dips, actually its the perfect opportunity to make profits long term. However, when panic sets it, their decision is clouded and the only thing they would do is push that sell button. Just wait and you will see a lot of them shouting that they have made the wrong decision of dumping it during the crash. Bitcoin is back above $11,000 now and looks like the rally is picking up. Better keep on Hodling and see your investments grow overtime.
January 18, 2018, 06:33:55 AM
I have been through this time and time again. We go through a dip and everyone is running for the hills or selling their coins.
The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands.
I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^
Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic.
The weak hands will lose money and the strong will thrive in this game. Hodl on people!
i think its like that reason in investing you can be a luck or else your be lose so that game is like a sport you can win or lose.The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands.
I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^
Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic.
The weak hands will lose money and the strong will thrive in this game. Hodl on people!
In this kind of situation there is no room for luck, because this is a pure decision of every holders. If you are well educated then you will see this market as a sale while on the other hand, if you are just depending on your luck or any speculation then you are on your way to loose money. Weak people will surely not make money in the long run because they will sold all his holdings every time the market dump, so you better start focusing on your knowledge to prevent massive negative impact on your portfolio.
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January 18, 2018, 06:31:53 AM
Well said OP and the one thing I learned so far ever since I'm into crypto business is. Whatever happen always hold, don't panic sell and buy more when silly trader panic sell.
January 18, 2018, 06:26:18 AM
I have been through this time and time again. We go through a dip and everyone is running for the hills or selling their coins.
The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands.
I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^
Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic.
The weak hands will lose money and the strong will thrive in this game. Hodl on people!
Yes that's also like me when i noticed that the price are going down i manage to have and collect some funds because for sure the price of the bitcoins will just repeat itself like last year the price goes down like 40-50% also and it increases in just a week. The trolls come out of their caves and the panic nanny behaviour kick into action, triggering a massive sell off amongst the weak hands.
I woke up yesterday and I saw the price was just above $9000. My first thought was, "Damn, I need to buy quickly, before this goes up" and I did. ^smile^
Most people woke up and the first thing they did was to fire up a browser and to read the comments of these trolls and media shills and consequently selling their coins in a state of panic.
The weak hands will lose money and the strong will thrive in this game. Hodl on people!
January 18, 2018, 06:21:51 AM
Infact this games play out February last year when bitcointalk.org fell from $1250 to around $678 and in June when we have another dump from $1,657 to around $950 and in September and October respectively and in most this cases the weak hand sell out of panic why wise traders hold theyou coins and even buy more. If you buy yesterday when bitcoin fall to around $9,500 you should know that today you are now in good profits as the bull has taking over the market.
That's right! Even the newcomers like myself who've only been around for 18 months (fortunately, this was perhaps the best timeframe of the last four years to view this) will have seen enough repetitions of this pattern to know not to panic. I always say that price doesn't really matter to me, but every dip has been a good period to bulk up, so in some way, I've been getting a little sadistic on these incredible drops, happy that every coin I earn now is worth that much more in the years to come.
One thing though, it's worth noting also that disciplined traders who have stop losses would have added to this drop. I can imagine those who bought in at 10 or 11k might have put a stop around 9500, unluckily for them triggered last night.
January 18, 2018, 06:20:03 AM
This shows that cryptocurrency investment/trading is really not for weak hands and fainted heart, being new to this industry is not an exemption because cryptocurrency is all about "money" and before we invest our money we should have know first what are possible scenarios that can happen once we put our money, if you have fainted heart you will just always end up selling your investment whenever there's a huge downward on cryptocurrency market and you will blame those trolls that said that it will not recover anymore. Stop listening to other people's financial advises on when to sell or when to buy, it's our money then we should be the one making our decisions.
January 18, 2018, 05:56:27 AM
i think its like that reason in investing you can be a luck or else your be lose so that game is like a sport you can win or lose.
only those who don't understand the "game" call it luck.
in fact there is no luck when it comes to investing in something solid. yes you can say it is pure luck when you invest in an ICO or some shitcoin because there is no way these things can logically go up but they do.
but when it comes to bitcoin things are different. you can see the potential even though there are issues that it has to deal with. and in a solid market with lots of "real" demand price won't go lower than certain support lines, which happened to be $10k this time until it is increased to a higher level in next rally.
this is what i said yesterday when price was dropping:
... i have been placing buy orders above $10,000 and a couple of low-ball-get-lucky orders below it. because i do believe $10k is the bottom. ...
sometimes things aren't really hard to speculate.
January 18, 2018, 04:50:13 AM
Well maybe newbies really need to learn from their mistakes to know when to sell and hodl their bitcoins. If they experienced failure and mistakes from their own actions, they will be able to learn from that mistake and from that day on, they will surely know how to handle their coins, and maybe, they will also buy coins instead of selling their coins to earn more profit.
January 18, 2018, 04:09:48 AM
Mostly when one of us newbie saw the price of bitcoin goes down, our heart goes palfitate and nervous goes down to our nerves most of us sells bitcoins because it might not goes up fot a long time. But the strong hearted people just stay calm and watch the wave to stay calm.
January 18, 2018, 03:36:10 AM
Selling bitcoins when price is low is an example of how new users are so uneducated about bitcoins and its system. Well it is well said that weak hands and weak minds will lose money on this game, thinking before action is a must. No one knows when it will drop and rise and i also think that selling it would be a playing safe one than holding it because it might drop afterwards and cause to lose.
January 18, 2018, 03:10:55 AM
That is exactly why trading or hodling bitcoin is for the strong minded fellow not for the feeble minded, when I looked at the price of bitcoin at $9500+ yestarday I remained calm having established the fact that whatever the case may be the price of bitcoin will surge high in days ahead because price history always repeat itself I.e it is the nature or behavior of bitcoin is move dip and surge or rise.
January 18, 2018, 03:02:18 AM
I know this gets repeated over and over, but that's probably because new waves of newbies have to learn the same lesson. Still, Bitcoin as an investment is extremely volatile, and they likely have never experienced such swings before. It's quite hard to blame them, especially the ones who have never really invested in any market.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
You're also not the only one who thought about buying the dip, because pretty much everything recovered from their funks, and Bitcoin is back at $11,000. I don't take this as an indication that the slide is over, though, and I still think there will be tough times ahead both in value and transaction fees. I plan to keep HODLing on though.
January 18, 2018, 02:51:42 AM
Infact this games play out February last year when bitcointalk.org fell from $1250 to around $678 and in June when we have another dump from $1,657 to around $950 and in September and October respectively and in most this cases the weak hand sell out of panic why wise traders hold theyou coins and even buy more. If you buy yesterday when bitcoin fall to around $9,500 you should know that today you are now in good profits as the bull has taking over the market.
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