Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: TomPluz on August 05, 2024, 02:41:45 PM
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I am sure that all of us had been newbies too and there are smilar emotions that many newbies may feel when the market is very RED just like now in the month of August. Back to the time when I was just new to crypto, I used to be clicking the site of CMC and search for my portfolio to see if the price was going up or down. On those days, it can be easy to panick as we know that the market is very volatile...in a matter of seconds and hours the market's direction can either go south or north.
So what can bew your best advice to newbies during the time of red waves? Hear are some of my opinions:
1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.
2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.
3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
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If the market has fallen and you have sold your coins, you can start to DCA. If the market fall but you still have some coins, you can continue to DCA. But that is if you have money to spare for it.
Another thing to take note of are altcoins. I warned a lot of people recently that they should be careful if these altcoins. See what that happened.
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If the market is red, we are not expected to sell at this moment, but instead we can either choose to invest into the market or hold our asset if we have already invested, some of the sentiments seen may not last longer before seeing that they have changed and if care is not taken, we may rush into making a hasty decision which may leads to lose on our crypto investment assets at such period.
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Being patient with the market is very important and that is why everyone is advised to invest in bitcoin and hodli for long with an amount that you don't need to use because it is an asset that needs patient. This is the best time to add more bitcoin to your portfolio in discount price and not a time to panic and sell. You didn't sell when your portfolio had profit, why will you sell now when your portfolio is reducing in size. It is a norm to see such dips and that is why when you are investing in bitcoin expect the unexpected in the market.
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If you are holding BTC's and the market tanks, i believe it is the time to accumulate more if you have the funds. I admit that doing this is easier for people who have spent longer time in the network and have seen price corrections happen so many times. For weak hands and newbies, it may be difficult to do, but at least, just hold.
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If you are holding BTC's and the market tanks, i believe it is the time to accumulate more if you have the funds. I admit that doing this is easier for people who have spent longer time in the network and have seen price corrections happen so many times. For weak hands and newbies, it may be difficult to do, but at least, just hold.
People panic when they see that their investment has lost only 5%, what just happens in their heads when they see that they "lost" 15% or more in just 24 hours? We should always keep in mind that it is only an "unrealized loss" because until we sell the coins we are not actually in a real loss considering that sooner or later the market recovers when it comes to Bitcoin and most altcoins.
Someone who was watching the price of BTC just a few hours ago was wondering if it would drop below $50 000 again, and now it's almost $55 000 - in other words, people need to learn the extreme volatility that the crypto market has and then it will be much easier for them to bear such events.
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1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.
2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.
3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
You did try with the list but I think this are solutions for people that are long term coin holders, people that are diamond hands and are looking upto many years holding coins with the market, there is nothing that should prepare you for the market with the list you have made. In addition to your list, they should buy more if there is extra funds they can afford to lose.
However, people that are short term holder, they can sell when they see the signal of correction. I was having conception about Bitcoin dropping to level of $50k but it wasn't so soon and then this happened quickly. If I'm a short term holder, I would have exited at the top and buy here again, I will be having more Bitcoin with with more usd value.
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If you have enough time so that you can sell after several weeks or months, then such corrections will not affect you, but if you are forced to sell within less than 3 months or a few weeks or days, then you should carefully choose the cryptocurrency you want to invest in and the date of entering the deals, as keeping cash is better than starting a losing deal.
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Pretty simple:
1) Go here:
https://www.subway.com/en-us/careers
2) if not successful go here:
https://www.kfc.com/careers
3) If still unlucky:
https://careers.mcdonalds.com/
If even Mcdonald's is not hiring then the economy is well beyond f****** so nothing you can do but wait for the end.
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I also believe that you should do stuff that would be productive for you—not focusing much on the market and making sure that it has a different headspace in you. The best way is always to manage your risks and practice keeping money and not losing it.
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I think these are the times when good investment choices count. Holding good assets is somewhat comforting now.
I have 99% of good coins and good assets in my portfolio. Bitcoin is OK at 52k usd I think. I don't feel bleeding
But that 1% of shitcoins are basically dead.
Some of them lost -50% or more!!!
This is the time to buy good stuff.
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If you are holding BTC's and the market tanks, i believe it is the time to accumulate more if you have the funds. I admit that doing this is easier for people who have spent longer time in the network and have seen price corrections happen so many times. For weak hands and newbies, it may be difficult to do, but at least, just hold.
That's the correct and kind advice to give at this time the market is on the downside. Although it will look difficult to do, for those newbies who have invested with their emergency money, hoping for quick gains out of their bitcoin investment.
All over the internet, there are complains and bitterness coming people who have invested in bitcoin for short term profits because of the bull run. For them to wake up to this "correction stage" looks strange to them, as they are giving up on the whole market to cash out their invested money in bitcoin before it goes zeroes
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That's the correct and kind advice to give at this time the market is on the downside. Although it will look difficult to do, for those newbies who have invested with their emergency money, hoping for quick gains out of their bitcoin investment.
It is on them, it is on anybody who decides to buy BTC with money that they would be needing anytime soon, there is no way to predict the market, so you cannot be sure to buy and quickly move out after small gains, what if it dumps and you have to wait or sell at a loss. If there are people caught in this, then it is a good lesson for them.
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So what can bew your best advice to newbies during the time of red waves?
adding to what you have already said, it’s important to always look at a bigger picture here try to not focus on only the little part of the market and instead expand the way you see the market
try to also remove all kinds of emotions when dealing with any market being too emotional can lead you to making all kinds of decisions that may negatively affect your investment
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I used to obsessively check CoinMarketCap when I was new to crypto, and seeing everything in the red was super stressful. What helped me was diversifying my holdings to spread out the risk and sticking to my long-term goals instead of getting caught up in every piece of bad news. Also, taking breaks from the screen to clear my head made a big difference. The market’s volatile, but staying calm and focused on your plan can really help.
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So what can be your best advice to newbies during the time of red waves? Here are some of my opinions.
When the market is red, avoid people who may want to contribute to how discouraged or disappointed you may feel.
When the market is red, consult the charts so you can get some consolation and an idea of the market movement, from the charts, you will be able to see that every market movement is temporary.
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try to also remove all kinds of emotions when dealing with any market being too emotional can lead you to making all kinds of decisions that may negatively affect your investment
When a Bearish market is deep enough, people are afraid to enter and choose to stay silent and not see the potential entry on the DIP price.
But when the market is very bullish one is also afraid to take profits and tends to be greedy, even those who have not entered at all seem to be more FOMO to buy at high prices.
Every market condition will put pressure on whether the decision taken can be right or not, but when the dump is deep enough it is a good opportunity to start entering, but do a DCA and see if the decline will continue or not.
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So what can be your best advice to newbies during the time of red waves? Here are some of my opinions.
When the market is red, avoid people who may want to contribute to how discouraged or disappointed you may feel.
When the market is red, consult the charts so you can get some consolation and an idea of the market movement, from the charts, you will be able to see that every market movement is temporary.
There is no need for them to consult the chart because new investors don't know how to read charts and they will be the ones to panic first because the price of bitcoin might have dipped below their entry point. The best thing for them to do is to just hodli or buy more if they can and relax because the price will definitely recover. In our investment that is not crypto, it is a norm for ups and down, so will you sell off your investment if it is facing some temporary challenges.
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When the market is red, avoid people who may want to contribute to how discouraged or disappointed you may feel.
There would always be people all over the internet complaining when the market is down, sometimes it is unavoidable not to see such complaints. So it is up to us to ignore it and understand that BTC will rise again, newbies and weak hands panic so much when the market is red and it can make them sell at a loss and later regret it.
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If you have the money to spend then you should accumulate more crypto assets to hold waiting until it is the right time to sell it for profit. We can't help if other people will complain about the market being red but to be honest, it is a good chance to buy more if you have extra money to spend and to avoid other people spreading FUD that may cause panic selling.
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If you have the money to spend then you should accumulate more crypto assets to hold waiting until it is the right time to sell it for profit. We can't help if other people will complain about the market being red but to be honest, it is a good chance to buy more if you have extra money to spend and to avoid other people spreading FUD that may cause panic selling.
This should have been the next move for those who wants to invest more. There have been written posts about how to take advantage when the market is red or before the market turns red.
Some traders just have the eagle eye in focusing when the dumps will happen. And before it hapens they already have done some dumping themselves. Unfortunately, they don't sharenthe information to all.
Vitalik sold memetokens sent to him before the crash, that must have been a signal.
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This should have been the next move for those who wants to invest more. There have been written posts about how to take advantage when the market is red or before the market turns red.
Some traders just have the eagle eye in focusing when the dumps will happen. And before it hapens they already have done some dumping themselves. Unfortunately, they don't sharenthe information to all.
Vitalik sold memetokens sent to him before the crash, that must have been a signal.
If you can analyse the gathered data then you can perhaps take advantage of the situation to invest more in crypto like bitcoin or memecoins if you prefer investing in such coins. As what I can say, it's all about the person who's investing decided what to do either take advantage of it or don't take the risk. We can't force someone to share their data since it's their effort in gathering all the data.
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We can't force someone to share their data since it's their effort in gathering all the data.
Yeah I guess that's fair. As they always said, there's no free lunch, especially when it is related to making millions from dumping tokens. I think retail will always have a disadvantage when it comes to data gathering, but they definitely can try to follow whales movement with tools like trading bot, wallet address monitor, etc. At the end of the day, nothing is stopping us from making our own data gathering tool other than our skill.
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Vitalik sold memetokens sent to him before the crash, that must have been a signal.
Yeah, i saw that news, i really don't know why a project thought it was a good idea to airdrop 4% of their total supply to him, which he later dumped for Ethereum, and it caused a huge dump in the coin's (NEIRO) value. Though the value has risen still then, but this is just a reason why it is risky to invest in coins like this, they can easily be manipulated for a few people's benefit.
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For those that have been used to the crypto market, they will understand better that whenever the market dip, it's a a challenge for they to hold and be linient till such stage passes and the market pumps as expected, if they sell during that time, it will be on losses because the market isn't favourable as at then, buying could be advised at this point for those willing and interested to buy or invest on Bitcoin, all these are why we should take serious with how we make speculations in other to understand the market trends more better for making an investment or selling it.
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I am sure that all of us had been newbies too and there are smilar emotions that many newbies may feel when the market is very RED just like now in the month of August. Back to the time when I was just new to crypto, I used to be clicking the site of CMC and search for my portfolio to see if the price was going up or down. On those days, it can be easy to panick as we know that the market is very volatile...in a matter of seconds and hours the market's direction can either go south or north.
These are some good tips and I also try to do the same, I got to know that the market is red I really don't care but this time I need to withdraw some BTC for personal expenses and my 3-week payments from signature was $30 in loss so I waited for the market to recover, I withdrew that money today. The point is when you need that money which is stuck in a downtrend you observe the market again and again for the price to take an exit.
My father is not into crypto he only joined online earning apps but crypto ones I know all are fake but he still joins, he asked me 2 days ago when I heard the market is down and how much loss you are making. Then I get the idea that those who have not stepped fully into the market are also influenced by the downtrend. Newbies can't save themselves from this hype and pressure of a downtrend. But still some can if they are very careful.
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What often happens when the market suddenly crashes is: PANIC
and this is very normal. But what we have to do is stop panicking and understand what is happening in the market. And you are right, there is no need to panic anymore because it cannot be prevented.
Then what we have to do is really understand the situation and keep holding coins as our assets.
If you have money, of course, holding coins is one of the things that should be done, especially when it is red, it means the price has really plummeted and that is the perfect time to accumulate at a low price.
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If the market is red, we are not expected to sell at this moment, but instead we can either choose to invest into the market or hold our asset if we have already invested, some of the sentiments seen may not last longer before seeing that they have changed and if care is not taken, we may rush into making a hasty decision which may leads to lose on our crypto investment assets at such period.
On a normal note, if the market turns upside down, there are only two options for any investor who wants to make money out of the crypto investment, and these options are either you continue hodling or you buy more to your wallet. For anybody that sells in this period, I'm sure he will lose the money he invested without even profit because some people may panic and even sell their investment, which is not supposed to be like that. It is a wrong decision in this period if you cannot buy more, then hodl the one you have, don't sell.
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If you have the money to spend then you should accumulate more crypto assets to hold waiting until it is the right time to sell it for profit. We can't help if other people will complain about the market being red but to be honest, it is a good chance to buy more if you have extra money to spend and to avoid other people spreading FUD that may cause panic selling.
Important keep half or defend your recovery fund prepare for market is red and accumulate as much possibility with your fund left, but many trader looks greedy if have capital around $10k keep all in for trading without spent left few percent anticipation when market downtrend or red. I think easily take much profitable when market red or crashing like last several days ago, without few days easily take profit more than 20% to 50% with top altcoin and bitcoin currently increasing up to 20%.
Don't avoid with FUD because its big opportunity for us take recovery and earn much profitable in short time, I think many whales get benefit when sharing bad news to buy back.
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Then what we have to do is really understand the situation and keep holding coins as our assets.
This is a good recommendation if you are holding a good coin that has value, a coin with value will rise back up whenever it falls, but a coin that is only surviving on hype can dump and never pump again. So if you are holding new coins and the market is red, maybe you should sell some of them, but if it is BTC and good altcoins, then continue holding and accumulating.
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Don't avoid with FUD because its big opportunity for us take recovery and earn much profitable in short time, I think many whales get benefit when sharing bad news to buy back.
Can you explain it more?
I think it is necessary to avoid FUDs, simply don't believe in FUDs.
However, it doesn't mean to make us worried or afraid. I agree that we can take an advantage from the impact of FUDs. Whenever there is a big crash in the market, it is a chance to buy good coins at cheaper prices.
Regarding the profits, it depends on you. If you target for a short term, you can take profits when there is a pump in the near future. But I guess some people will try to keep it for a long term holding.
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I believe that when the market is red it is the perfect time to look for new investment opportunities. It is at that moment when there are projects that “float” or survive in a certain way even though they have also been affected by the market. Taking a look at them and weighing the possibilities they may have in the future can give us an idea of what the next investment could be. Although depending on how long the red market lasts, the more it falls, the more possibilities like the ones I say may appear, knowing how to take advantage of the moment is also winning.
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Market is RED? Do absolutely nothing.
Market is GREEN? Yes, do absolutely nothing.
That is how you HODL your coins. You're not trying to go or there and get the better deal while the market is moving, because the crypto market is unpredictable and it has burned many people before. Like the trader on Reddit who infamously turned 1 million dollars into 18 thousand dollars a few days ago.
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Don't avoid with FUD because its big opportunity for us take recovery and earn much profitable in short time, I think many whales get benefit when sharing bad news to buy back.
Can you explain it more?
I think it is necessary to avoid FUDs, simply don't believe in FUDs.
However, it doesn't mean to make us worried or afraid. I agree that we can take an advantage from the impact of FUDs. Whenever there is a big crash in the market, it is a chance to buy good coins at cheaper prices.
Regarding the profits, it depends on you. If you target for a short term, you can take profits when there is a pump in the near future. But I guess some people will try to keep it for a long term holding.
It depends on the coins that you bought that will determine if you hodli for long term or short term. If it is a new project, it is better you sell when there is a little profit because you don't know if the coin will survive for long before you get burned. If it is bitcoin, long term is the best option.
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1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.
2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.
As years pass by, more and more investors will become more intelligent and they will learn from their own experiences. They will learn that they must not make impulsive decisions when they see the market undergoing market correction. Sometimes, doing nothing is a better option than doing something especially with a market that's going down. If you don't have any spare money to take the opportunity, the best thing that you can do is to just be patient and follow what OP said. Don't panic, don't listen to what the most are saying or doing, and stick to your plans.
3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
Instead of me sleeping, I intend to use my time playing online games instead of looking at the market. I mean even I will look at it, I will not make any decisions at all, but I just find it useless especially if I don't have any money to use to grab the opportunity. :D
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Market is RED? Do absolutely nothing.
Market is GREEN? Yes, do absolutely nothing.
That is how you HODL your coins. You're not trying to go or there and get the better deal while the market is moving, because the crypto market is unpredictable and it has burned many people before. Like the trader on Reddit who infamously turned 1 million dollars into 18 thousand dollars a few days ago.
I don't think so because the outcome of an investor's action heavily depends on the timing of it.
If the market is truly red during crypto winter, we can start monitoring the market to find opportunities to buy the dip. Conversely, if the market is red during a bullrun, we should wait for clear reversal signals before liquidating crypto assets.
If the market is green during crypto winter, we might see signs of the end of bearsleep and start buying tokens. On the other hand, during a bullrun, green everywhere could be a signal for us to focus on monitoring the market more closely to take profits smartly.
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Market is RED? Do absolutely nothing.
Market is GREEN? Yes, do absolutely nothing.
That is how you HODL your coins. You're not trying to go or there and get the better deal while the market is moving, because the crypto market is unpredictable and it has burned many people before. Like the trader on Reddit who infamously turned 1 million dollars into 18 thousand dollars a few days ago.
I don't think so because the outcome of an investor's action heavily depends on the timing of it.
Perhaps what he meant is that if you are a HODLer you shouldn't be affected by the market turning red or green. You simply look at the bigger picture.
If the market is truly red during crypto winter, we can start monitoring the market to find opportunities to buy the dip. Conversely, if the market is red during a bullrun, we should wait for clear reversal signals before liquidating crypto assets.
As we have a saying here, in bear market, you should really be buying because almost all crypto's are in the sale. The thing is that you should have the mentality to continue to buy as long as you can and then go for long and not sell. So many of us hear might have that problem because it's really hard to be a long term holder and there could be time that you needed money and so you will have to sell some of your stash. But if you were able to get over this, and then sell on the bull run or at least you time the market to hit that all time high, you will be satisfied for holding so long as you will get a big profits.
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So what can bew your best advice to newbies during the time of red waves? Hear are some of my opinions:
Once a newbie develops FOMO in the market as a course of downtime, it feels late to begin advice such Investors if not if the market goes Dipper, you will be held responsible like has being mislead by you.
Although you can preach about not being panic at the down because the Bitcoin markets is not focused of downstream but Ups. So keep holding and accumulating in buying more if you can.
But the best to overcome the panicking anxieties is that Investors should should be prepared that the market is unpredictable in a volatile formality so that they can always be marginal to defeat the FOMO at any down time.
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I like the #3, sleeping is definitely the best thing to do when the market don't look good at all. I'd choose that than any other else when we're not having the good days of the market. Those bloody weeks or days are giving us the headache so why not just take it as an opportunity to do some relaxation and get more sleep. But if you can't, don't stress yourself about the market because we can't do anything about it.
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Market is RED? Do absolutely nothing.
Market is GREEN? Yes, do absolutely nothing.
That is how you HODL your coins. You're not trying to go or there and get the better deal while the market is moving, because the crypto market is unpredictable and it has burned many people before. Like the trader on Reddit who infamously turned 1 million dollars into 18 thousand dollars a few days ago.
Absolutely correct i am agree with you. Market is RED no matter or Market is Green also no matter. It is actual corrector of Cryptocurrency market. Some times it will up and some times it will down. HOLD is gold i believe this theory. We saw from the begaining Several times Market gose bull run and after then again bearish trend.
Soni think who will hold he will be profitable today or tomorrow there has no doubt. We saw huge big big investors coming in cryptocurrency market and they are investing on bitcoin and others currency.
So day by day Market capital and volume increasing. Today's global crypto market cap is $2.1T. It increasing and will increase in future i strongly believe it.
So Market is RED or GREEN no matter. Holding is better i think. If market go down we can follow DCA method. When market will up then we will get huge profit.
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I am sure that all of us had been newbies too and there are smilar emotions that many newbies may feel when the market is very RED just like now in the month of August. Back to the time when I was just new to crypto, I used to be clicking the site of CMC and search for my portfolio to see if the price was going up or down. On those days, it can be easy to panick as we know that the market is very volatile...in a matter of seconds and hours the market's direction can either go south or north.
So what can bew your best advice to newbies during the time of red waves? Hear are some of my opinions:
1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.
2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.
3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
You have given some good opinions but the major cause of these panicking is that they probably invested more than they can afford to lose or invested money that was meant for something else and can’t afford to lose any penny of it. This is something most newbies fail to understand, they always think they can just invest any money they want and even go to the extent of borrowing money just to invest.
My advise for them is to try as much as they can to never invest money they cannot afford to lose and never borrow money to invest, the market is unpredictable and anything can happen. Also when the market is red there is no need to panic and sell at loss always stick to your investment plan no matter the outcome.
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I like the #3, sleeping is definitely the best thing to do when the market don't look good at all. I'd choose that than any other else when we're not having the good days of the market. Those bloody weeks or days are giving us the headache so why not just take it as an opportunity to do some relaxation and get more sleep. But if you can't, don't stress yourself about the market because we can't do anything about it.
LOL, but yeah, it could be the best effective method to deal when the market is in a bloodbath. Just sleep it over and let everything settle down in the next couple of weeks and then see how it goes. Because if you don't know how to deal, for sure it will stressed you out to that point that you wanted to sell just to stop the bleeding.
However, as we got into this market and see how volatile it is as times, we might have reacted or at least knows how to go over it as compare to newbies who become nervous and panic.
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Sometimes, the crypto market can be bearish, and it is always not in favor of almost all investors, while it is a chance for some investors that have capital to buy more coins in their crypto portfolios against another bull run.
1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.
2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.
3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
These advises are very important because some newbies are not patient to see red in their wallets, and it is normal because the market consists of two sides which up and down, therefore, instead of panicking, they should even add more coins to their portfolio than sell the little the have at lost.
The main advice I will give them is to take their eyes off their wallets at that moment of bear market, because if the coins they have are good and reputable projects, their investment will not be lost.
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If the market is red, we are not expected to sell at this moment, but instead we can either choose to invest into the market or hold our asset if we have already invested, some of the sentiments seen may not last longer before seeing that they have changed and if care is not taken, we may rush into making a hasty decision which may leads to lose on our crypto investment assets at such period.
Actually there's no benefits in entangling the crypto market sentiments to our emotional sentiments because it can't just help to run the markets reality.
When the market goes red, we just have to overcome that fear of doubt that it's coming to our end and then hasty to sell our coins.
At a red market, it's either we keep holding because in due time the market will be green again where we can recover with interests as long we keep holding.
At a red market period of event, it could still be chances for me to buy more and hold.
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If a newbie were to ask me that question, I would say that, ideally, you should buy more if you still have money to invest. If that's not an option during market dumps, then disable your trading apps in your mobile and go on with your day as usual. Just to be clear, I'm only saying because I'm assuming that BTC will reach new ATH by the end of the year or early 2025.
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If a newbie were to ask me that question, I would say that, ideally, you should buy more if you still have money to invest. If that's not an option during market dumps, then disable your trading apps in your mobile and go on with your day as usual. Just to be clear, I'm only saying because I'm assuming that BTC will reach new ATH by the end of the year or early 2025.
This is probably only true during a bullrun, meaning the market is only temporarily RED during a period of re-accumulation, and investors should boldly buy tokens at low prices to profit when the market recovers and continues to grow. If buying actions are carried out hastily during a bearsleep, for example in 2022, investors will face heavy losses and a very long waiting time to break even and profit.
Timing is really important to generate profits and peace of mind for investors. Returning to the recent price drop, I think this is a good opportunity for investors to continue buying many ALTS at low prices, even lower than the 2022 bottom on many ALTS price charts.
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If a newbie were to ask me that question, I would say that, ideally, you should buy more if you still have money to invest. If that's not an option during market dumps, then disable your trading apps in your mobile and go on with your day as usual. Just to be clear, I'm only saying because I'm assuming that BTC will reach new ATH by the end of the year or early 2025.
Hopefully, because the new ATH is always awaited by everyone and the $100k ATH is my main target and maybe more.
When prices are not good and continue to fall, I still have a little money reserve to start buying at low prices.
It is very satisfying to be able to buy at a cheaper price and then hold it for a long period of time or sell when the ATH target is reached.
If it goes according to your prediction when the beginning of 2025 ATH occurs, it will be a pretty good year and then Altseason will also arrive.
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Hopefully, because the new ATH is always awaited by everyone and the $100k ATH is my main target and maybe more.
When prices are not good and continue to fall, I still have a little money reserve to start buying at low prices.
It is very satisfying to be able to buy at a cheaper price and then hold it for a long period of time or sell when the ATH target is reached.
If it goes according to your prediction when the beginning of 2025 ATH occurs, it will be a pretty good year and then Altseason will also arrive.
I have also did the same thing but I missed the last dip because of the limitation of money. Previously I have done a good amount on around 57k I wan't expected that bitcoin will down to under 50k at least before the the bull season but it happens.
Actually we all wanted to hold accumulated bitcoin for long-term but we forget that we also have to accumulated fund targeting the dip or bear season. Like those peoples who are wise they already accumulated their stable fund for the next bear season.
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Actually we all wanted to hold accumulated bitcoin for long-term but we forget that we also have to accumulated fund targeting the dip or bear season. Like those peoples who are wise they already accumulated their stable fund for the next bear season.
Everyone has their own strategy for investing in cryptocurrency, especially in Bitcoin. There are some of them who only focus on long-term holding, accumulating the amount of Bitcoin and saving it for a certain price target. And this makes sense, this will be very suitable for those who have a fairly high nominal and don't want to bother to pay too much attention to market conditions.
On the other hand, there are also those who do it with the DCA system, with a short-term system by utilizing buy the dip and sell for higher prices in the short term, and others. This will also affect some of the possibilities and tactics used.
At least, we understand very well if we expect profit from whatever strategy we expect. So when the market conditions dip, what we have to do is to stay calm not panic and continue what is in accordance with our strategy.
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As far as we know, what we invested in is volatile. We can't expect it to move in only one direction; the coin market price will surely go up and down. If the market happens to be red at that particular time, know that it will not continue in that direction forever. The market will surely change direction and corrected and start moving up, so it's better not to panic and end up selling your coins.trying that Someone may even end up selling their coins at a loss. Instead of thinking of selling, it would be better to see it as a great opportunity to buy More. However, one thing to keep in mind is to know the type of coins you are holding. If it's not Bitcoin or some reputable altcoin, not all coins are worth holding for the long term.
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Fluctuations in value are the nature of Bitcoin. Bitcoin has been this way since the beginning. Every time it dumped it, it recovered. And no matter how many times it dumps in the future, it will continue to recover, and will definitely cross 120K. So don't panic. Keep holding bitcoins, and see every dip as another opportunity to buy.
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I have also did the same thing but I missed the last dip because of the limitation of money. Previously I have done a good amount on around 57k I wan't expected that bitcoin will down to under 50k at least before the the bull season but it happens.
Actually we all wanted to hold accumulated bitcoin for long-term but we forget that we also have to accumulated fund targeting the dip or bear season. Like those peoples who are wise they already accumulated their stable fund for the next bear season.
When you've done your last dip, now you just have to wait and don't get too affected by any more drops or some FUD that appears, staying focused on the main objective which is a new or maybe higher ATH.
But if you have a reserve of money still collected, you can buy or be prepared when a deeper drop occurs, it will give you more coins.
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When you've done your last dip, now you just have to wait and don't get too affected by any more drops or some FUD that appears, staying focused on the main objective which is a new or maybe higher ATH.
But if you have a reserve of money still collected, you can buy or be prepared when a deeper drop occurs, it will give you more coins.
Actually, the experiences of mine in the cryptocurrency market it's seems when I make an big trade the market goes to down and when I didn't took the trade market price goes ups. LOL..
Anyway, I have a long-term investor I have already on going DCA strategy for bitcoin I continuously adapt 10$ of bitcoin in every week . Even then I took have chances when bitcoin price goes for DIP. Again I am going to prepare with my assets for the next DIP before the bull run.
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When you've done your last dip, now you just have to wait and don't get too affected by any more drops or some FUD that appears, staying focused on the main objective which is a new or maybe higher ATH.
But if you have a reserve of money still collected, you can buy or be prepared when a deeper drop occurs, it will give you more coins.
Yes, this is the most basic thing to do when the market is getting dip. Just don't panic because of the FUD and the dip situation.
Indeed, having a lot of money when the market dips is something that is very desirable, because at that time we have the opportunity to buy more coins at a fairly low rate. Then hold them again.
But what can we do, often when the market is getting dip, in fact we don't have any more cash reserves, so in the end we just keep quiet, don't panic seeing our portfolio go down.
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3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
A very fun option , love it :) ... this is the best way for me to kill my emotions rather than being affected by FOMO... I usually stay away from cryptocurrency information for a few days and make sure the price bounce in the next few days is a fun moment for me... sleeping and doing other activities such as gardening or making documentary videos or our hobbies can be the best solution to take a break from the cryptocurrency world....
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Fluctuations in value are the nature of Bitcoin. Bitcoin has been this way since the beginning. Every time it dumped it, it recovered. And no matter how many times it dumps in the future, it will continue to recover, and will definitely cross 120K. So don't panic. Keep holding bitcoins, and see every dip as another opportunity to buy.
It's not only Bitcoin but all cryptocurrency in general (excluding stablecoins of course). They have a nature where they're very volatile therefore, it adds to the risk for the investor as t hey might lose their money in just a short amount of time if they entered at a wrong time, or if they made a wrong decision by selling it at a loss.
Nevertheless, if you're into cryptocurrency for a long time, you will know that markets do plummet, but after that, it will recover as well. Will Bitcoin cross $120,000? It might be, but it will take a long time. It's also one of my selling targets so... I believe that it will happen. As for panicking, there might be some instances where panic selling is good to prevent further losses, but most of the time, it leads to you losing too much of your money.
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But what can we do, often when the market is getting dip, in fact we don't have any more cash reserves, so in the end we just keep quiet, don't panic seeing our portfolio go down.
Panic will only have a bad effect, try to make a cut loss and it is not recommended, unless you hope that the decline will go deeper.
A position like this will indeed make the mental really tested whether you want to break or not.
I've been in this situation a lot, so there's no choice I take except just stay.
Yesterday I tried to hold USDT until the more terrible bearish actually happened and it worked, even though there was a decline that wasn't so far away, but I was still lucky enough.
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3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
A very fun option , love it :) ... this is the best way for me to kill my emotions rather than being affected by FOMO... I usually stay away from cryptocurrency information for a few days and make sure the price bounce in the next few days is a fun moment for me... sleeping and doing other activities such as gardening or making documentary videos or our hobbies can be the best solution to take a break from the cryptocurrency world....
Why not? just keep ourselves busy, but for me even if I know that we are in the dip, I still continue to check the price and just hope for the best outcome. Maybe in the next 24 hours, the price will settle down and bounce back. But the main thing for us is that we are not really affected emotionally and mentally, and just remain in focus that we are going to continue to run and invest in the dip. And I want to face it head on and see what is the reason for the dip. At least as the saying goes, face your fear. And if we were able to overcome that, then no matter how big the correction is, you will not be affected by it anymore.
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Fluctuations in value are the nature of Bitcoin. Bitcoin has been this way since the beginning. Every time it dumped it, it recovered. And no matter how many times it dumps in the future, it will continue to recover, and will definitely cross 120K. So don't panic. Keep holding bitcoins, and see every dip as another opportunity to buy.
Bitcoin price dips is for it to be able to pump higher than the initial price that it was before the dip. I see the dip as a blessing in disguise because it gives room for investors to increase their bitcoin just like what I am doing now. I was not able to buy more Bitcoin but my regular weekly DCA is ongoing. Don't panic but hodli with strong hands.
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Fluctuations in value are the nature of Bitcoin. Bitcoin has been this way since the beginning. Every time it dumped it, it recovered. And no matter how many times it dumps in the future, it will continue to recover, and will definitely cross 120K. So don't panic. Keep holding bitcoins, and see every dip as another opportunity to buy.
After the Bitcoin market bled a few weeks ago, dropping below $50k, I'm sure there are people who are pessimistic about that condition... yes because there will be two possibilities that are difficult to predict, namely dropping lower, or there will be a bounce after touching the dip... The safe thing when the market is red is to hold longer, and wait for recovery... if someone has more assets, make a buyback when the price is really said to be very cheap....
Since the halving, the price of Bitcoin has dropped below $58k twice and the recovery took about 2 weeks to 1 month. There are still many people who will not let Bitcoin drop any lower, but on the other hand, breaking through the $71k level and above is very difficult... therefore, when the market is red, I prefer to wait (as a long-term holder), because I don't need cash immediately at that time.
if $120k still seems possible to you, let's look at early 2025, the peak should be there.
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This is probably only true during a bullrun, meaning the market is only temporarily RED during a period of re-accumulation, and investors should boldly buy tokens at low prices to profit when the market recovers and continues to grow. If buying actions are carried out hastily during a bearsleep, for example in 2022, investors will face heavy losses and a very long waiting time to break even and profit.
it is important to take your profit before the bear cycle unless like you said you are willing to wait for a long time when we talk about bitcoin being a long term investment we really do mean for a long period of time which if you are relying on bitcoin for survival, it will not be ideal to wait for that long this is why some people talk about giving their investments as inheritance to their kids because they know that maximum profit will be attained if they hold for a long time
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Fluctuations in value are the nature of Bitcoin. Bitcoin has been this way since the beginning. Every time it dumped it, it recovered. And no matter how many times it dumps in the future, it will continue to recover, and will definitely cross 120K. So don't panic. Keep holding bitcoins, and see every dip as another opportunity to buy.
[/quoYes,
Yes, the crypto market is sure to fluctuate, and I think it not a new situation at all. Bitcoin has a circle of movements that it follows and that is one of the reasons, Bitcoin enters correction mode after certain market dump to continue the up trends movement. As long as Bitcoin encountered a big sell off, or a big dump, corrections are necessary to continue a possible uptrends movements. sometimes market (eg Bitcoin) corrections take longer time because of one notable reason, and that is, 'FEAR'. When market start dumping constantly, there comes panic selling, which may becomes total Red that may turn bearish.
Finally, when the market goes Bearish, stay clear of the market, or used the 'stop loss' options to cut losses.
to cut further loss.
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It is important to take your profit before the bear cycle unless like you said you are willing to wait for a long time when we talk about bitcoin being a long term investment we really do mean for a long period of time which if you are relying on bitcoin for survival, it will not be ideal to wait for that long this is why some people talk about giving their investments as inheritance to their kids because they know that maximum profit will be attained if they hold for a long time
Yeah, this highlights the importance of experience and knowledge in the crypto market. Most investors tend to have extreme views about the next market trend: sometimes they're too afraid to accumulate, sometimes they're too greedy to take profits and exit the market. Buying at the bottom and selling at the top is the desire of all investors, but reality has shown that most investors often make wrong decisions that fuel this market ^^
I've been through several bullruns: 2014, 2017, 2021 and witnessed many irrational narratives and expectations. 2014 was the emergence of new currencies, 2017 was the ICO wave, 2021 was the super cycle... All these narratives are created and promoted by whales to maintain investor greed, allowing whales to distribute and maximize profits over the long term. Therefore, investors should be sober and ready to take profits or cut losses and exit the market when they detect clear signs of a major trend change in the entire cycle.
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Choose wisely when the crypto market is in the red. So it doesn't matter how soon we buy, it's how long you can hold it that really matters. When the market is red no one wants to buy new because they are already inside the lock. There are also many who sell as soon as the market gets red and hold stable currencies to avoid losses. But i always buy btc, eth to catch portfolio opportunity in red market because its price recovers very fast. But in many cases i buy some altcoins with risk but in most cases i have to wait for profit.
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it is important to take your profit before the bear cycle unless like you said you are willing to wait for a long time when we talk about bitcoin being a long term investment we really do mean for a long period of time which if you are relying on bitcoin for survival, it will not be ideal to wait for that long this is why some people talk about giving their investments as inheritance to their kids because they know that maximum profit will be attained if they hold for a long time
You're right. It is necessary to take profits before the next bearish season. I think we don't miss the chance of taking profits in this bullrun season. If we want to hold again, we can buy the coin at cheap prices in the next bearish season. Holding 3-4 years is quite a long time, it seems most people prefer holding 3-4 years. It is because they can buy again in the next bearish season. It is quite rare that people will hold 7-8 years or longer (2 cycles or more).
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Correct your quote, dude. It seems there is a missing part in your quote.
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it is important to take your profit before the bear cycle unless like you said you are willing to wait for a long time when we talk about bitcoin being a long term investment we really do mean for a long period of time which if you are relying on bitcoin for survival, it will not be ideal to wait for that long this is why some people talk about giving their investments as inheritance to their kids because they know that maximum profit will be attained if they hold for a long time
You're right. It is necessary to take profits before the next bearish season. I think we don't miss the chance of taking profits in this bullrun season. If we want to hold again, we can buy the coin at cheap prices in the next bearish season. Holding 3-4 years is quite a long time, it seems most people prefer holding 3-4 years. It is because they can buy again in the next bearish season. It is quite rare that people will hold 7-8 years or longer (2 cycles or more).
But, bro... we only know that the bearish season has arrived when we have seen it directly... even in the next 1 day there are still many possibilities for cryptocurrency prices, whether it will be bullish, whether it will be bearish, whether it will be sideways, or others.... moreover, a wrong bearish indication will actually make us regret it too...
For example, we analyze that there will be a bearish season in three days, but it turns out that whales manipulate the market until the cryptocurrency price becomes bullish... actually that is the right time to take advantage, but because we misjudged the market, what happened was the opposite, our failure to predict the bearish season actually made us regret it...
Predicting the cryptocurrency market is not as easy as we imagine, my friend.
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You're right. It is necessary to take profits before the next bearish season. I think we don't miss the chance of taking profits in this bullrun season.
I am also expecting to take profits after this cycle obviously i want to be making a huge lot of money but honestly with the money i have invested i am just not going to expect to make a fortune and instead take what i can as much as i can of course i am going to try and accumulate more as realistically as possible we still have moments where the market dips really low and we can buy more so i am taking advantage of those moments and hopefully i see some really great returns next year
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This is probably only true during a bullrun, meaning the market is only temporarily RED during a period of re-accumulation, and investors should boldly buy tokens at low prices to profit when the market recovers and continues to grow. If buying actions are carried out hastily during a bearsleep, for example in 2022, investors will face heavy losses and a very long waiting time to break even and profit.
it is important to take your profit before the bear cycle unless like you said you are willing to wait for a long time when we talk about bitcoin being a long term investment we really do mean for a long period of time which if you are relying on bitcoin for survival, it will not be ideal to wait for that long this is why some people talk about giving their investments as inheritance to their kids because they know that maximum profit will be attained if they hold for a long time
I agree, every cycle, we should take our profits and then reset. Although there could be investors who are going to hold as long as they can and then repeat what they've been doing for years.
But for the majority of us, I don't think there is something wrong with taking profits because we have work very hard for the last 3-4 years so it's worth to take some profits from our hard work in my opinion.
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You're right. It is necessary to take profits before the next bearish season. I think we don't miss the chance of taking profits in this bullrun season.
I am also expecting to take profits after this cycle obviously i want to be making a huge lot of money but honestly with the money i have invested i am just not going to expect to make a fortune and instead take what i can as much as i can of course i am going to try and accumulate more as realistically as possible we still have moments where the market dips really low and we can buy more so i am taking advantage of those moments and hopefully i see some really great returns next year
What's important is that you are making money and profits every cycle. It's doesn't matter how big or small. Obviously, there are whales that can invest big and they there are average joe just the rest of us, who do DCA and buy at our own phase and how much we can invest.
But at the end of the day, or the cycle, if we think that we will be on the next chapter or entering about bear market, but maybe when we hit new all time high next year then it's the best time to sell and be happy on your ROI.
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I've been through several bullruns: 2014, 2017, 2021 and witnessed many irrational narratives and expectations. 2014 was the emergence of new currencies, 2017 was the ICO wave, 2021 was the super cycle... All these narratives are created and promoted by whales to maintain investor greed, allowing whales to distribute and maximize profits over the long term. Therefore, investors should be sober and ready to take profits or cut losses and exit the market when they detect clear signs of a major trend change in the entire cycle.
It's not possible to predict the future but we can take some calculated risks that can balance risk and rewards, for example we can have short term and long term goals, short term is to cash out certain amount of profits after a while like 20/30 or whatever the portion feels appropriate at let the remaining to accumulate for the long term gains so with this strategy they can also cashed out profits and let their investment to grow for long term too.
But if someone is capable of taking the risk of buying when the market is red then that would be my recommendation for them than the cautious approach cause high risk leads to high rewards.
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Choose wisely when the crypto market is in the red. So it doesn't matter how soon we buy, it's how long you can hold it that really matters. When the market is red no one wants to buy new because they are already inside the lock. There are also many who sell as soon as the market gets red and hold stable currencies to avoid losses. But i always buy btc, eth to catch portfolio opportunity in red market because its price recovers very fast. But in many cases i buy some altcoins with risk but in most cases i have to wait for profit.
Choosing wisely would be a good option, and with this, you need at least a little bit of knowledge about what to do in situations like this. I mean if the market is red, just buy Bitcoin. If you're a long term holder, just buy Bitcoin and you're good to go.
When the market is red, many investors are being tested. Tested on how good they are in being patient, and how good they are in taking advantages. When the market is red and if you have spare cash, just buy Bitcoin because there's a famous quote in all of the market that says "Whatever goes down, goes up as well." Of course, this isn't applicable to all cryptocurrencies especially those that has low market cap, but for Bitcoin and other top altcoins, this might be applicable. Whatever happens, don't sell when the market is red. That's the worst thing to do as an investor.
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1, Don't panic as the market will eventually correct itself...so do not sell your portfolio instead be brave and add some more as the price is lower than before.
2. Don't listen a lot to FUD but stick to your goals and plans...never be distracted by any bad news on the market because days after those news will be changing.
3. Just sleep and take some time off...eventually things will go green and it is beyond our power to control the market...only whales can do that and we are just small fishes in the big ocean.
I think from time to time, we give this kind of advice to those trying to get fad-up about the market situation not to because the bearish market will soon be over, and the bull run will come forth.
The crypto market has its season, the bearish and bull run. It's to know the one we are in and to know how to react to them, either positive or negative.
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First thing is that you should ask your self are you a long term holder or a short term profit maker. Theses two terms would determine what kind of investor you will be. A long term holder should have less panicks in the market and he wouldn't even be interested in monitoring the market continuously as this might be stressful. There's Nothing to be scared about. So long you know you invested in the right coin not in some shitty scheme.... Then your investment plan should be on a long term. Don't always listen to little gossips from people whom are scared of such small dips.
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First thing is that you should ask your self are you a long term holder or a short term profit maker. Theses two terms would determine what kind of investor you will be. A long term holder should have less panicks in the market and he wouldn't even be interested in monitoring the market continuously as this might be stressful. There's Nothing to be scared about. So long you know you invested in the right coin not in some shitty scheme.... Then your investment plan should be on a long term. Don't always listen to little gossips from people whom are scared of such small dips.
But in my opinion, even though someone is a long-term holder, he still needs the latest information about the development of the project he is monitoring... every holding that is done can experience a change of plan when it turns out that there is a surprising action from the related project.
The point is, even though you are a long-term holder, I am sure that everything can change plans when the related project does something surprising. Holding is not just buying and holding it without monitoring the project, so small bearish price movements also need to be monitored for their causes.
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A crypto investor must learn to be patient. There are many investors who cannot accept the red market. They panicked and quickly sold their holdings. But if an investor in crypto is patient he can definitely get his reward. In this case it is definitely safe to pick the top coins. Especially if you hold coins like Bitcoin and Ether there will definitely be opportunities to recover. And for those who are long-term holders, any market situation is not worrying. They are never affected by market red or green position.
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A crypto investor must learn to be patient. There are many investors who cannot accept the red market. They panicked and quickly sold their holdings. But if an investor in crypto is patient he can definitely get his reward. In this case it is definitely safe to pick the top coins. Especially if you hold coins like Bitcoin and Ether there will definitely be opportunities to recover. And for those who are long-term holders, any market situation is not worrying. They are never affected by market red or green position.
First the investor should be aware of the potentials of the assets they're holding or investing in, perhaps this may help them know the best approach to use while investing, for example, those who are investing ìn Bitcoin (alone) should at all time acknowledge the fact that Bitcoin is a long-term investment and should at all time be considered for its long-term potentials of an investor is to reap the actual benefits of Bitcoin. People who choose to trade Bitcoin rather than HODL are in more danger of losses, because Bitcoin is a very volatile asset and can have several fluctuations and trends in the short-term, and it's impossible to be able to accurately predict these movements, but due to how trusted Bitcoin is, we are certain of its long-term growth, even if the assurance isn't 100%, at least we can still confidently HODL on to Bitcoin knowing that regardless of the short-term fluctuations of the market, the asset has very high potentials for long-term growth.
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A crypto investor must learn to be patient. There are many investors who cannot accept the red market. They panicked and quickly sold their holdings. But if an investor in crypto is patient he can definitely get his reward. In this case it is definitely safe to pick the top coins. Especially if you hold coins like Bitcoin and Ether there will definitely be opportunities to recover. And for those who are long-term holders, any market situation is not worrying. They are never affected by market red or green position.
Yes, patience is the key and if we are really here for the long term, we used be patience and we have to understand that the market is very volatile. And we have a saying that "not every day is Christmas", and so that is aptly applicable here in the market.
It's not that we will see the market going green, there were years, I say years, the the market will be red and this is what we call the bear market. So with that, we should really learn to keep ourselves to stay calm but take advantage of the market when it is in red.
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But, bro... we only know that the bearish season has arrived when we have seen it directly... even in the next 1 day there are still many possibilities for cryptocurrency prices, whether it will be bullish, whether it will be bearish, whether it will be sideways, or others.... moreover, a wrong bearish indication will actually make us regret it too...
We all know the cycle, it is always happening in the same way. Although the pattern may be not 100% the same, but it looks like to happen almost the same as in the previous cycle. But of course, there will be always a chance of any surprise. The price change of crypto coins can be very unpredictable.
I am also expecting to take profits after this cycle obviously i want to be making a huge lot of money but honestly with the money i have invested i am just not going to expect to make a fortune and instead take what i can as much as i can of course i am going to try and accumulate more as realistically as possible we still have moments where the market dips really low and we can buy more so i am taking advantage of those moments and hopefully i see some really great returns next year
Everyone wants to get a lot of money. It is normal, I can understand it. But it is better if you make a more realistic goal for taking profits. In the past, I also set a too high target, so I failed to take profits. I won't repeat this mistake, I have made a more realistic goal for selling my coins. For Bitcoin, I set a target to sell at $100k.
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We all know the cycle, it is always happening in the same way. Although the pattern may be not 100% the same, but it looks like to happen almost the same as in the previous cycle. But of course, there will be always a chance of any surprise. The price change of crypto coins can be very unpredictable.
The market indeed is very unpredictable and it would be very dangerous to even attempt to predict it, especially in the short-term. Its true that bitcoin's past performance may not always guarantee its future results, but just like you've rightly stated, Bitcoin has a pattern that it has maintained over the years and there's also a huge possibility of maintaining the same pattern in the long run, so these patterns may not actually be the same because there are lots of factors that influences the price movement of bitcoin and most of these factors are often based on real life events so these are not things that are easy for anyone to predict, for example there could be a bomb blast in the White House in Washington DC and such an event may have its impact on the crypto market depending on how the news influences the market or how investors react to such a news,these sort of things aren't what we can predict but when they happen, they may have a huge impact on bitcoin.
So these previous patterns is only there to give investors a clue of how to approach the market, and one of those patterns includes bitcoin's potential for long-term growth, this has always been how it is, and it has maintained this pattern till date.
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A crypto investor must learn to be patient. There are many investors who cannot accept the red market. They panicked and quickly sold their holdings. But if an investor in crypto is patient he can definitely get his reward. In this case it is definitely safe to pick the top coins. Especially if you hold coins like Bitcoin and Ether there will definitely be opportunities to recover. And for those who are long-term holders, any market situation is not worrying. They are never affected by market red or green position.
People who choose to trade Bitcoin rather than HODL are in more danger of losses, because Bitcoin is a very volatile asset and can have several fluctuations and trends in the short-term, and it's impossible to be able to accurately predict these movements, but due to how trusted Bitcoin is, we are certain of its long-term growth, even if the assurance isn't 100%, at least we can still confidently HODL on to Bitcoin knowing that regardless of the short-term fluctuations of the market, the asset has very high potentials for long-term growth.
A big difference exists between holding and trading. If those who hold and do trade for a small profit then they may gain temporarily but they will lose in the future. The investor must decide what he wants to do before investing. Bitcoin is not a short-term investment platform. Those who invested in Bitcoin last few months are also losing. But I don't consider this small price drop as a loss because I have no loss until I sell the bitcoins. Bitcoin is the coin in crypto platform that won't hurt anyone in the long run. Those who held until last March after the arrival of Bitcoin have all benefited.
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A big difference exists between holding and trading. If those who hold and do trade for a small profit then they may gain temporarily but they will lose in the future. The investor must decide what he wants to do before investing. Bitcoin is not a short-term investment platform. Those who invested in Bitcoin last few months are also losing. But I don't consider this small price drop as a loss because I have no loss until I sell the bitcoins. Bitcoin is the coin in crypto platform that won't hurt anyone in the long run. Those who held until last March after the arrival of Bitcoin have all benefited.
Most definitely.
There's no time that can't be considered a right time to buy, every moment in the market is a right time to buy, one can buy in the middle of a bull run or even at the end of a bullrun, one can buy in the middle of a bear market there's absolutely nothing wrong with it, like I said, there's never a bad time to buy, but there can be a bad time to sell. When an investor buys in at the end of a bull run, and then after buying, meets the end of the bull run, and out of panic, decides to sell for fear of losing all his asset to the red trend, then it's definitely a wrong time to sell because while the investor believes it's the best approach to cut one's losses, he forgets that if he had HODLed for much longer, he would've not only recovered his losses, but also made more profits. It's just a matter of perspective.
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A crypto investor must learn to be patient. There are many investors who cannot accept the red market. They panicked and quickly sold their holdings. But if an investor in crypto is patient he can definitely get his reward. In this case it is definitely safe to pick the top coins. Especially if you hold coins like Bitcoin and Ether there will definitely be opportunities to recover. And for those who are long-term holders, any market situation is not worrying. They are never affected by market red or green position.
People who choose to trade Bitcoin rather than HODL are in more danger of losses, because Bitcoin is a very volatile asset and can have several fluctuations and trends in the short-term, and it's impossible to be able to accurately predict these movements, but due to how trusted Bitcoin is, we are certain of its long-term growth, even if the assurance isn't 100%, at least we can still confidently HODL on to Bitcoin knowing that regardless of the short-term fluctuations of the market, the asset has very high potentials for long-term growth.
A big difference exists between holding and trading. If those who hold and do trade for a small profit then they may gain temporarily but they will lose in the future. The investor must decide what he wants to do before investing. Bitcoin is not a short-term investment platform. Those who invested in Bitcoin last few months are also losing. But I don't consider this small price drop as a loss because I have no loss until I sell the bitcoins. Bitcoin is the coin in crypto platform that won't hurt anyone in the long run. Those who held until last March after the arrival of Bitcoin have all benefited.
For one to benefit from bitcoin, you need to buy and hodli for a long term because of the market price fluctuation since no one can predict the next movement of bitcoin price. Long term hodli will reduce the risk of running at loss and this is why Bitcoin is more of an investment than trading. Is it not also a bad idea for you to use bitcoin as your saving in future so that inflation does not eat up the value of your money instead of keeping it in the bank.
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For one to benefit from bitcoin, you need to buy and hodli for a long term because of the market price fluctuation since no one can predict the next movement of bitcoin price. Long term hodli will reduce the risk of running at loss and this is why Bitcoin is more of an investment than trading. Is it not also a bad idea for you to use bitcoin as your saving in future so that inflation does not eat up the value of your money instead of keeping it in the bank.
Most definitely, the reason why so many investors lose money in Bitcoin investment is selling at the wrong time, and this often happens when an investor choose to look at the short-term benefits of Bitcoin, forgetting that Bitcoin is more of a long-term investment. But when an investor choose to consider the long-term projection of the bitcoin market, it doesn't only ride out the tension that grips investors in the short-term market, which most likely compels them to making rational decisions about selling. It also gives the investor the clarity to visualize how exactly the crypto market is all about, because that's the only time you'll be able to understand what people really meant when they're always emphasising on the fact that Bitcoin is a long-term investment and should only be considered for its long-term potentials.
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For one to benefit from bitcoin, you need to buy and hodli for a long term because of the market price fluctuation since no one can predict the next movement of bitcoin price. Long term hodli will reduce the risk of running at loss and this is why Bitcoin is more of an investment than trading. Is it not also a bad idea for you to use bitcoin as your saving in future so that inflation does not eat up the value of your money instead of keeping it in the bank.
Most definitely, the reason why so many investors lose money in Bitcoin investment is selling at the wrong time, and this often happens when an investor choose to look at the short-term benefits of Bitcoin, forgetting that Bitcoin is more of a long-term investment. But when an investor choose to consider the long-term projection of the bitcoin market, it doesn't only ride out the tension that grips investors in the short-term market, which most likely compels them to making rational decisions about selling. It also gives the investor the clarity to visualize how exactly the crypto market is all about, because that's the only time you'll be able to understand what people really meant when they're always emphasising on the fact that Bitcoin is a long-term investment and should only be considered for its long-term potentials.
I agree with you, those investors who are in the rush of selling are short sighted and fail to understand how bitcoin investment works and invest in that way, so that they will not run at loss, but they prefer to chase after little profit which the possibility of running at loss will be higher than making those small profits. This is because they will invest blindly hoping to make quick profit but when there is a dip, they panick and sell of thinkingthe price will continue to dip.
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I agree with you, those investors who are in the rush of selling are short sighted and fail to understand how bitcoin investment works and invest in that way, so that they will not run at loss, but they prefer to chase after little profit which the possibility of running at loss will be higher than making those small profits. This is because they will invest blindly hoping to make quick profit but when there is a dip, they panick and sell of thinkingthe price will continue to dip.
Yea, that is what lack of proper knowledge about something will always cause. There are some people that will go to the extent of selling their entire property or use all their business capital to invest into Bitcoin for the sake of making a quick profit when the market is pumping but they get disappointed during dip price.
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I agree with you, those investors who are in the rush of selling are short sighted and fail to understand how bitcoin investment works and invest in that way, so that they will not run at loss, but they prefer to chase after little profit which the possibility of running at loss will be higher than making those small profits. This is because they will invest blindly hoping to make quick profit but when there is a dip, they panick and sell of thinkingthe price will continue to dip.
Just as the Op stated - a lot of these investors you see selling when the price is not favorable usually do so because they failed to follow the most basic rule of any investment which is for them to invest what they can afford to lose or invest money that they won’t be needing anytime soon.
Take for example, someone that invested some money that they won’t need in the next 10-20 years, even if the price of bitcoin crashes they won’t be bothered because they don’t need the money that period but stir those that went ahead and used money allocated for something else to invest in bitcoins because they thought they’d be able to get something off of it tend to sell as soon as the price drops for the fear of them losing everything.
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Just as the Op stated - a lot of these investors you see selling when the price is not favorable usually do so because they failed to follow the most basic rule of any investment which is for them to invest what they can afford to lose or invest money that they won’t be needing anytime soon.
The amount that can be afforded to lose is sometimes very difficult to just get rid of... because there must be hope to win the investment too... even though everyone always wants their expectations to be low, I'm sure in their hearts they still expect profit... the proof is when the price moves more expensive, those who hold the related coins feel happy,,, that means hope is still there and are not ready to lose or suffer losses....
Everyone's emotions are different, in the forum someone can say that he only invests with money that he can afford to lose... whereas when the price falls, the person actually feels sad and very lost. I think this is human nature that is still normal, not something that is considered stupid.
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Just as the Op stated - a lot of these investors you see selling when the price is not favorable usually do so because they failed to follow the most basic rule of any investment which is for them to invest what they can afford to lose or invest money that they won’t be needing anytime soon.
The amount that can be afforded to lose is sometimes very difficult to just get rid of... because there must be hope to win the investment too... even though everyone always wants their expectations to be low, I'm sure in their hearts they still expect profit... the proof is when the price moves more expensive, those who hold the related coins feel happy,,, that means hope is still there and are not ready to lose or suffer losses....
It’s true that they’ll feel some kind of sadness when they take a look at their portfolio and see that they’re making losses instead of profits - but still, making use of money you can afford to lose will make it easier for them to ignore the portfolio/ just leave the portfolio for a longer time for the price to start regaining value again.
If someone goes into an investment with money that they would be needing in the nearest future, there’s a probability of them selling even when the price is extremely low due to the fact that they don’t have an alternative money to use for their daily lives but in the case of them using what they won’t be needing they’ll have something to use without tampering with their investment/portfolio. That was what I was referring to.
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I agree with you, those investors who are in the rush of selling are short sighted and fail to understand how bitcoin investment works and invest in that way, so that they will not run at loss, but they prefer to chase after little profit which the possibility of running at loss will be higher than making those small profits. This is because they will invest blindly hoping to make quick profit but when there is a dip, they panick and sell of thinkingthe price will continue to dip.
Yea, that is what lack of proper knowledge about something will always cause. There are some people that will go to the extent of selling their entire property or use all their business capital to invest into Bitcoin for the sake of making a quick profit when the market is pumping but they get disappointed during dip price.
Usually this happens to a beginner, because they really don't know how to handle the situation they are experiencing when this happen. If you are already a profitable, and already encounter the same price action for sure you will know how to act in this kind of market movement. However, there are ways to avoid this situation, be guided by the profitable ones and be humble. Back test their advices to gain confidence.
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It’s true that they’ll feel some kind of sadness when they take a look at their portfolio and see that they’re making losses instead of profits - but still, making use of money you can afford to lose will make it easier for them to ignore the portfolio/ just leave the portfolio for a longer time for the price to start regaining value again.
If someone goes into an investment with money that they would be needing in the nearest future, there’s a probability of them selling even when the price is extremely low due to the fact that they don’t have an alternative money to use for their daily lives but in the case of them using what they won’t be needing they’ll have something to use without tampering with their investment/portfolio. That was what I was referring to.
That definitely correct and even more reasons why i don't take a look at the market all the time. You can make some decisions that are actually uncalled for at time like this. When the market is in a downtrend, what is expected of you is to avoid monitoring. And again only invest with money that you might not be needing in the next couple of years. It shouldn't always be the money your can afford to loss but money you know very well that you might not be needing. The market is volatile and will always create both the uptrend and download for it to complete a wave. So being patient is the best way to ride along with the wave.
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That definitely correct and even more reasons why i don't take a look at the market all the time. You can make some decisions that are actually uncalled for at time like this. When the market is in a downtrend, what is expected of you is to avoid monitoring. And again only invest with money that you might not be needing in the next couple of years. It shouldn't always be the money your can afford to loss but money you know very well that you might not be needing. The market is volatile and will always create both the uptrend and download for it to complete a wave. So being patient is the best way to ride along with the wave.
Monitoring market fluctuations is essential for proactively implementing the most suitable investment strategies, but it also poses risks to the psychology of inexperienced investors. The ups and downs on the price chart can prompt investors to make hasty decisions, often resulting in long-term losses.
However, to feel secure about their investments and avoid monitoring the market every 15 minutes, investors need to take steps such as setting stop-loss orders, understanding market cycles, believing in bull runs, and realizing profits. Even when investors try to ignore market fluctuations, whales still find ways to deliver information to investors through the media and instill fear in the market ^^