Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: bayu7adi on August 23, 2024, 05:25:55 AM
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
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I'm curious, what will you do to avoid stress due to unexpected market movements??
As simple as don't think about it, we all as conservative investors agree that Bitcoin (BTC) will not lose value, it's only a matter of time until it breaks ATH after ATH, so, what are you worried about?
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens
If you have got faith in your purchases so far, and now you no longer have money to purchase further dips, technically there is no point to constantly look at market anymore, is it? So for now, just hold your horses until you feel conditions are favorable to sell.
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If you are so interested in buying bitcoin from the dips, then every dip will definitely motivate you to buy bitcoins. If you have the ability to buy bitcoins, you can definitely make profit. But without buying ability another dip in Bitcoin would be a missed opportunity. I think there is no need to take stress at that time. Because Bitcoin can give you another chance at some point. It is more useful to try your best. But if not there is nothing to regret.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
I agree with you, Because we know that crypto currency market will be down in few week ago, it is unpredictable for crypto market. So i think that for avoid this stress i hold some bitcoin and other altcoin, so that in this difficult situation i can free from here. So i believe that crypto currency market is not prefer for us, sometimes we can face unpredictable problem, but we avoid this stress and free from thought.
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I'm curious, what will you do to avoid stress due to unexpected market movements??
You should not use up to the money that can give you stress to invest in bitcoin. Reduce the amount of money that you invested if you make little profit already.
But I do not think bitcoin is going below $50000 anytime soon. Even if it goes below $50000, expect a strong resistance and buy back some minutes after.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
First off buying the dip is a very great strategy it gives you more room to have more of the coin with less amount of money and is the traditional or the easiest DCA method. But you shouldn’t just be buying every dip with the funds you have, have a proper strategy. Buying dip with all your funds like you just did is a clear indication that you didn’t obey the first rule of investing on volatile assets which is investing what you can afford to and what you can hodl for a very long term. The bitcoin profitability strategy is usually to invest for a long term minimum of 12 months, such that even if a dip happens there wouldn’t be panic selling.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
bitcoin will not go down again $50k and you have to be sure bitcoin is still alive and now bitcoin is trending in the world because bitcoin is very high in value. many people want to know bitcoin and they really want to learn more about it because now digital currency is suitable for making money fast. don't think too much and now you have to think about how you can make a profit every day.
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Sometimes it's good to not look at the market conditions for a while, we can look back at the market in a few days after there is good news about the market. If we continue to deal with the market while prices are weakening, it will make us stressed. It's different when the market is very good.
We can do many activities in real life and do our hobbies. There are actually many things that can be done.
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In 2018, when the market crashed, I saw my cryptocurrency holdings fall by almost 90% and I felt very bad at the time
But I learned some good lessons that can help you:
1 - if you're too worried and uncomfortable, you may be too exposed, maybe it's better to have fewer cryptos
2 - If you're confident in your position, don't get weak if the price doesn't follow what you planned
3 - Don't keep checking the price every day. Working on other projects helps a lot, especially studying more about the market or getting involved in another activity, thus making your time useful
And please, don't sell at a loss
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
This is unavoidable because that is what makes the market tradable, like it must keep coming all time. So as a bitcoin investor what you must do is to keep accumulating when the market is down and again you don't have to be looking at your portfolio because it's very sadden watching investing draining to the bottomless part and instead of one to profits s/he then starts to increase putting money to maximized their investment.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
We do know that when it comes to price decline then there's no such thing about being that precise or something that could be concluded on which we know that this market
is really that truly unpredictable on which there's no way that you cant be able to assess or know it out. This is why its really that important that on the moment that you do
deal up with trading then you should really be having that good control of your emotion because this would really be that most factor that could affect
you out negatively.
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I'm curious, what will you do to avoid stress due to unexpected market movements??
It really is stressful when you expect to make a profit soon but end up waiting for the market to recover, I experienced that so many times and just console myself that it will eventually recover, the hardest part in this situation is the uncertainty on when the price will recover, right now it only takes weeks, years ago it took months of waiting.
But still, you have to expect the unexpected in the market, its hard to predict the market's condition because of its volatility, and sometimes you get the shock after you wake up from a good night's sleep.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
For me I think DCAing would be the best thing to do during red days in the market that if we have funds to ultilize during that time but if we have nothing I think that will still give as stress because we might think of missing that opportunity so yeah better to prepare for that kind of situation.
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Definitely playing computer games if I have the time, its clear that we are seeing a lot of great games lately and it has always been evolving so I think its going to never end. I am nearly 35 now, and I have been playing these games all my life and I do not think that I am going to end it any time soon, its really fun and its not ending and its really fun. I know that it takes time to do any of this, and I know that its not easy when you are a married man like me, but whenever I have some time to cool off and relax, I just open up whatever game I like at that time and play it for a few hours and I am good as new.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
Walking down the streets, watching the nature, sports ;D
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Definitely playing computer games if I have the time, its clear that we are seeing a lot of great games lately and it has always been evolving so I think its going to never end. I am nearly 35 now, and I have been playing these games all my life and I do not think that I am going to end it any time soon, its really fun and its not ending and its really fun. I know that it takes time to do any of this, and I know that its not easy when you are a married man like me, but whenever I have some time to cool off and relax, I just open up whatever game I like at that time and play it for a few hours and I am good as new.
If the market is red I will drink coffee and hang out with friends to relieve stress, because it will last a long time. Maybe I will go with my family to the beach to enjoy the waves while waiting for the market to recover.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
You don't need much to do, it very simple , just take it as a normal bitcoin market behavior that has been happening many times over the years. You see, when the market goes against your position or turn bearish, you don't need think about it just be who are and keep on moving, it is actually a normal market scenario that has been happening since the inception of Bitcoin.
You need to have this at the back of your mind, 'MARKET will always come back stronger'!. Like me, I don't get carried away by the thought of the market during wether bear or bull but focus on the Bitcoin next moves.
I don't panic on my position, I believe that the market will always come back.
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OP I would have nothing to fear as long as money used is my spare cash and funds I need not worry about. Already I have the idea of using or investing with spare funds so what's the point me being afraid or worried when market is down. When the market is down, I see it as opportunity to invest more which I would definitely do.
Sometimes, the market can be very funny you know. Your expectations as an investor at certain period of time to take profit being dashed by the market conditions. It is very stressful and draining. This is why it is good to have alternative source of income to back up yourself so that you don't panic sell out of fear that you might lose out.
In this situation, if you already have investment that have drained down, you would have to hold if your investment is in Bitcoin because it would definitely bounce back but with time and you just have to be patient with time.
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When i'm handling stress from market swings due to unexpected market movements, I focus on the big picture and the long-term growth of blockchain. I also spread my investments outside of crypto to reduce risk and increase my expectation instead of anxiety...If BTC dips below $50k today, i'll just have to remind myself that ups and downs are normal in investments and consistency and being patient usually pays off sooner or later.
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Thank you, the positive response... many posts here are recommending to relax and distract ourselves from the cryptocurrency market... I know it will throw away our emotions towards the market movement, but the stressful thing will come back after we return home after the vacation we did...
I mean, is there a way to train us to be able to throw away our emotions when the market is bleeding?? We still do our activities as usual, but our emotions towards the cryptocurrency market must be turned off.
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Thank you, the positive response... many posts here are recommending to relax and distract ourselves from the cryptocurrency market... I know it will throw away our emotions towards the market movement, but the stressful thing will come back after we return home after the vacation we did...
I mean, is there a way to train us to be able to throw away our emotions when the market is bleeding?? We still do our activities as usual, but our emotions towards the cryptocurrency market must be turned off.
It should be the combination of responsibility for your well-being, trust in your analysis, and determination to get things to the finish line even if it seems that it won't work ;D That's my opinion. Risk will always be there, so we should use the funds we are okay to spend in our grand schemes.
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Thank you, the positive response... many posts here are recommending to relax and distract ourselves from the cryptocurrency market... I know it will throw away our emotions towards the market movement, but the stressful thing will come back after we return home after the vacation we did...
I mean, is there a way to train us to be able to throw away our emotions when the market is bleeding?? We still do our activities as usual, but our emotions towards the cryptocurrency market must be turned off.
Others say that we should be emotionless, but it's really hard to do when we check the price and then see the market bleeding. But I guess we need to think that the market will not go and be bleeding forever, sooner or later it will bounce back. So let's just be positive then, maybe we have other things to do like hobbies or sports to involved ourselves with just to get out of the crypto market and not be bothered by the price going down.
And once we mature enough, this bleeding will be like normal to us and then we look at it positive way. Continue to accumulate as much as we can, see our wallet grows and buy and then just be a holder.
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Thank you, the positive response... many posts here are recommending to relax and distract ourselves from the cryptocurrency market... I know it will throw away our emotions towards the market movement, but the stressful thing will come back after we return home after the vacation we did...
I mean, is there a way to train us to be able to throw away our emotions when the market is bleeding?? We still do our activities as usual, but our emotions towards the cryptocurrency market must be turned off.
Others say that we should be emotionless, but it's really hard to do when we check the price and then see the market bleeding. But I guess we need to think that the market will not go and be bleeding forever, sooner or later it will bounce back. So let's just be positive then, maybe we have other things to do like hobbies or sports to involved ourselves with just to get out of the crypto market and not be bothered by the price going down.
And once we mature enough, this bleeding will be like normal to us and then we look at it positive way. Continue to accumulate as much as we can, see our wallet grows and buy and then just be a holder.
It's hard, but it's possible with time and effort put into it. By staying responsible and learning from our mistakes made in the past, and by keeping a cool head throughout the process, one can achieve the results that would satisfy him.
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Thank you, the positive response... many posts here are recommending to relax and distract ourselves from the cryptocurrency market... I know it will throw away our emotions towards the market movement, but the stressful thing will come back after we return home after the vacation we did...
I mean, is there a way to train us to be able to throw away our emotions when the market is bleeding?? We still do our activities as usual, but our emotions towards the cryptocurrency market must be turned off.
Others say that we should be emotionless, but it's really hard to do when we check the price and then see the market bleeding. But I guess we need to think that the market will not go and be bleeding forever, sooner or later it will bounce back. So let's just be positive then, maybe we have other things to do like hobbies or sports to involved ourselves with just to get out of the crypto market and not be bothered by the price going down.
And once we mature enough, this bleeding will be like normal to us and then we look at it positive way. Continue to accumulate as much as we can, see our wallet grows and buy and then just be a holder.
It's hard, but it's possible with time and effort put into it. By staying responsible and learning from our mistakes made in the past, and by keeping a cool head throughout the process, one can achieve the results that would satisfy him.
Emotion control and discipline would really be the key on which these things could really be acquired through real experience this is why it would really be that obvious that people who do really be able to make those right decisions or actions are to those people who do have that real experience towards the market in compared into those people who had been just
new into the market on which they dont really know on what they are doing. This is why it would really be that recommended that active dealing and engagement would really be
the key for you to have that self learn.
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I think I've become desensitized after experiencing at least two full cycles between bull and bear market. Not sure since when I've become like this, but I believe seeing my portfolio went -75% and then recover the next cycle makes me think I shouldn't overestimate myself and just DCA and collect Bitcoin. As of now, I don't even follow Bitcoin price movement minute by minute and if I plan to sell some Bitcoin I'd put a stop loss order or something similar. Obviously I prepare another wallet for short-term purpose, hence why I still have a notification settings on my phone for short-term movement, but I'm not actively monitoring it.
I second the opinion that you should use the money you can afford to lose, since excessive stress usually comes from overspending and a mistake in budgeting. I do agree that it's hard to not feel anything when you see your wealth decrease in real time though. CMIIW.
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Emotion control and discipline would really be the key on which these things could really be acquired through real experience this is why it would really be that obvious that people who do really be able to make those right decisions or actions are to those people who do have that real experience towards the market in compared into those people who had been just
new into the market on which they dont really know on what they are doing. This is why it would really be that recommended that active dealing and engagement would really be
the key for you to have that self learn.
Controlling emotions is not easy, it takes experience and good knowledge so that we can control our emotions, especially investing in the crypto world, a market that is always fluctuating. It takes a lot of experience so that we can stay calm when the market is corrected.
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As the saying goes, invest as much as you can afford to lose, because trading is all about risk.
After buying the dip and the market tends to still keep going down and you likely run out of capital to purchase more, it is as simple as holding on the ones you've bought until the market grows to a profitable range and you sell off.
Though it may likely make you feel unhappy and fearful when your realizing losses and red candle. But to avoid stress and get peace of mind, just hold on till market goes up and you sell off otherwise you sell at loss.
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I usually stay away from exchanges so that I am not tempted to shop again by putting emergency funds into crypto (it often happened to me in the past) I will focus on finding free coins, to increase the supply and capital to buy coins again, if there are any that can be traded, or find activities in the real world by looking for real work
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
As a long-term holder of BTC I prefer not to react to the current bad situation of the market even If I show my concerns about it here on this or another forum but still my mind is calm because I try to find the reason behind the dump and if that's temporary then I know the market will recover over time and if it's not temporary then I prepare myself for a bit longer dump.
I also think sometimes that what if the market goes into the bearish cycle and I have to wait for another bullish cycle? In such a case what I will do, well first of all I would wish that the money I have invested will not be needed by me in future. If that happens then I can wait for the next bullish cycle but currently I have some plans to use my invested money.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
Yeah OP it's like that sometimes. To avoid stressing your self like panicking over dips you have to put in mind that you are a long term hodler which is actually best and easiest. Anyways sometimes you may panic especially when the price of bitcoin is a little bit way below the recent price with which you bought some coins last to add to your hodling portfolio or wallet rather.
To prevent this try to wait for the best moment or prices to buy and this is usually during dips. Also to kill that urge of wanting to spend your coins sooner you should consider making use of a a watch only wallet with a paper back up.
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I'm curious, what will you do to avoid stress due to unexpected market movements??
In the past, I'm not looking at any applications on my mobile or websites on my phone that's related to cryptocurrency. Back when I'm still a newbie, I felt the panic as well when I saw the market going down double-digit percentages in a single day. I mean every newbie that is inexperienced with how the market moves will feel the same as mine.
Nowadays, I don't care about the market movements at all. I will just visit crypto-related websites and whenever I see the market going down double-digit, I'm just smiling and hoping it will recover soon (which I know it will). Whenever I have spare money, I will just buy Bitcoin and nothing more.
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I'm curious, what will you do to avoid stress due to unexpected market movements??
In the past, I'm not looking at any applications on my mobile or websites on my phone that's related to cryptocurrency. Back when I'm still a newbie, I felt the panic as well when I saw the market going down double-digit percentages in a single day. I mean every newbie that is inexperienced with how the market moves will feel the same as mine.
Nowadays, I don't care about the market movements at all. I will just visit crypto-related websites and whenever I see the market going down double-digit, I'm just smiling and hoping it will recover soon (which I know it will). Whenever I have spare money, I will just buy Bitcoin and nothing more.
That's a good strat for not spending your nerves in the long run indeed ;D I am happy that found the strat that suits you and brings you joy.
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I think you made smart move by buying more Bitcoin when market went down. It is good that you have plan for your investments. If market goes down again it is normal to feel worried but having solid financial plan and strategy can help you feel better.
To avoid feeling stressed when market changes suddenly I think it is important to have clear goals spread out your investments and stay informed but not too focused on market changes. Having financial backup plan and thinking about long term can also help. Remember market ups and downs are temporary. By being prepared and focused on bigger picture you can handle unexpected market changes with confidence.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
For me I think DCAing would be the best thing to do during red days in the market that if we have funds to ultilize during that time but if we have nothing I think that will still give as stress because we might think of missing that opportunity so yeah better to prepare for that kind of situation.
Nearly anything can happen on the market, and we should be prepared for most of it if we want to reach the goals we have in mind.
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I think you made smart move by buying more Bitcoin when market went down. It is good that you have plan for your investments. If market goes down again it is normal to feel worried but having solid financial plan and strategy can help you feel better.
To avoid feeling stressed when market changes suddenly I think it is important to have clear goals spread out your investments and stay informed but not too focused on market changes. Having financial backup plan and thinking about long term can also help. Remember market ups and downs are temporary. By being prepared and focused on bigger picture you can handle unexpected market changes with confidence.
we don't need to worry about the price of bitcoin or the crypto market is going down, we can buy more potential coins.
Yes, the ups and downs [of the market are temporary, because the crypto market is very volatile. And we can profit from market volatility.
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I think you made smart move by buying more Bitcoin when market went down. It is good that you have plan for your investments. If market goes down again it is normal to feel worried but having solid financial plan and strategy can help you feel better.
To avoid feeling stressed when market changes suddenly I think it is important to have clear goals spread out your investments and stay informed but not too focused on market changes. Having financial backup plan and thinking about long term can also help. Remember market ups and downs are temporary. By being prepared and focused on bigger picture you can handle unexpected market changes with confidence.
we don't need to worry about the price of bitcoin or the crypto market is going down, we can buy more potential coins.
Yes, the ups and downs [of the market are temporary, because the crypto market is very volatile. And we can profit from market volatility.
You are right, but I think most of the portfolio should be made from BTC and other - big - alts if we don't want to panic at all even when our bags are red ;D
The only thing that would be at stake is time for which we need to see our boons from our investments grow.
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we don't need to worry about the price of bitcoin or the crypto market is going down, we can buy more potential coins.
Yes, the ups and downs [of the market are temporary, because the crypto market is very volatile. And we can profit from market volatility.
Okay, let's say it's true "temporary" but, BTC was at $69k in 2021 and it took 3 years to reach the same point again in 2024... yes it's temporary but it's quite a long wait for that moment... of course many people have reached the point of despair and boredom because 3 years is enough to make many hopes disappear.
Of course we don't want to get caught up in something that is temporary but very long, right?
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Okay, let's say it's true "temporary" but, BTC was at $69k in 2021 and it took 3 years to reach the same point again in 2024... yes it's temporary but it's quite a long wait for that moment... of course many people have reached the point of despair and boredom because 3 years is enough to make many hopes disappear.
I think it's a matter of perspective to be honest. Which is hard to stomach if you're living in the moment. I mean, let's say we expand the comparison to 2011, then you end up with something incredible if you care about returns of investment. I also think you'll get additional steps if you put all of your money to one investment in general, including Bitcoin. So yeah, the smart decision is definitely to swing trade to if you want to maximize profits, but if you don't have the mental capacity to do that it would be better to just ignore price volatility and keep DCA-ing.
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When the market crashes, it's hard to stand still. Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time. I think it's easier to say these words as advice. It is perhaps natural that anyone loses their temper when they lose their money. If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope. Alternative ways of income should also be kept ready.
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When the market crashes, it's hard to stand still. Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time. I think it's easier to say these words as advice. It is perhaps natural that anyone loses their temper when they lose their money. If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope. Alternative ways of income should also be kept ready.
Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
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Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
And this is what most people do not understand and come to trading without understanding. Most of the time behind this, I would say that the positive aspects of trading are promoted more and more. Different exchangers and projects provide interesting promotions on various social media through which users are attracted and without understanding the relationship of trading analysis, they go down to trading.
And besides, we must be ready for those situations and we need to be ready before trading because the first rule of trading is that you invest as much fund as you can afford to lose.
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Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
And this is what most people do not understand and come to trading without understanding. Most of the time behind this, I would say that the positive aspects of trading are promoted more and more. Different exchangers and projects provide interesting promotions on various social media through which users are attracted and without understanding the relationship of trading analysis, they go down to trading.
And besides, we must be ready for those situations and we need to be ready before trading because the first rule of trading is that you invest as much fund as you can afford to lose.
Investing funds as far as we can lose is something difficult in practice because in investment we always want to get a profit. In trading we must have the best experience, knowledge and analytical abilities. If we only rely on luck, we will suffer a lot of losses. So as much as we do the exercise by learning and keep looking for information that we can examine as materials to make analysis.
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Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
And this is what most people do not understand and come to trading without understanding. Most of the time behind this, I would say that the positive aspects of trading are promoted more and more. Different exchangers and projects provide interesting promotions on various social media through which users are attracted and without understanding the relationship of trading analysis, they go down to trading.
And besides, we must be ready for those situations and we need to be ready before trading because the first rule of trading is that you invest as much fund as you can afford to lose.
Some people think that trading is same thing as gambling and that it depends on how lucky you are and not how experienced you are and that's why they lose after they go into trading. Those people that also thinks that trading a means to earn quick income and become rich are the ones that fall in danger of this situation. Being successful in trading requires that the trader must have a concrete knowledge about trading and also about cryptocurrency before they can do well.
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When the market crashes, it's hard to stand still. Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time. I think it's easier to say these words as advice. It is perhaps natural that anyone loses their temper when they lose their money. If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope. Alternative ways of income should also be kept ready.
Well, yes, if we feel very stressed when we see the market's bleeding, then the only way I usually do is to close the market temporarily. In other words, I will not open the market for at least 2 days until my mental and emotional condition is more stable to accept the reality of the market.
Moreover, this is a matter of our trust to do long-term holding, so we must be able to manage our emotions when the market is bleeding, make sure we don't panic, and just let it be, after all our target is for the long term.
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When the market crashes, it's hard to stand still. Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time. I think it's easier to say these words as advice. It is perhaps natural that anyone loses their temper when they lose their money. If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope. Alternative ways of income should also be kept ready.
You are right. Bear markets can be very terrible sometimes when you have assets in a token that is badly affected by the market situation at that very moment. Most people can not really have that patience watch their money sink that way and would want to withdraw immediately so that they do not lose out but they have forgotten so quickly that the market trends that way occasionally and would recover when the pressure is down.
Having knowledge of the market condition can be very important because you would act on it and take advantage to your own benefit. This would help prevent some losses as the case may be and put you ahead strategically to know when to invest and when to collect profit.
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When the market crashes, it's hard to stand still. Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time. I think it's easier to say these words as advice. It is perhaps natural that anyone loses their temper when they lose their money. If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope. Alternative ways of income should also be kept ready.
You are right. Bear markets can be very terrible sometimes when you have assets in a token that is badly affected by the market situation at that very moment. Most people can not really have that patience watch their money sink that way and would want to withdraw immediately so that they do not lose out but they have forgotten so quickly that the market trends that way occasionally and would recover when the pressure is down.
Having knowledge of the market condition can be very important because you would act on it and take advantage to your own benefit. This would help prevent some losses as the case may be and put you ahead strategically to know when to invest and when to collect profit.
This is why you need to have the knowledge of what ever investment that you are venturing into and you don't need to rush in without understanding how it works. When the market is red is an a time to panoc but a tine of courage and buy more to fill up your bags. This is the reason why you should only invest with an amount that you will not be needing for lobg so ghat you don't rush selling when there is a dip but hodli for market recovery.
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This is why you need to have the knowledge of what ever investment that you are venturing into and you don't need to rush in without understanding how it works. When the market is red is an a time to panoc but a tine of courage and buy more to fill up your bags. This is the reason why you should only invest with an amount that you will not be needing for lobg so ghat you don't rush selling when there is a dip but hodli for market recovery.
It is normal that one must have a good knowledge of whatever they want to invest in because that would guide them through the investment term till they deem it fit to take profit from the investment. Understanding your choice of investment would guide you to having a broad idea on concepts and fundamentals of how to withstand situations whenever they emanates. However, investing in projects and with spare funds could be a better option for the time being.
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Today bitcoin price has increased a lot so i can say you are already in profit market. But if you are greedy and wait for more growth, you are also prepared to lose. Because the crypto market is unstable and the price of bitcoin always fluctuates. Cryptocurrencies like bitcoin can experience price volatility on a daily or even hourly basis. As with any type of investment the volatility can lead to uncertainty, fear of missing out, or fear of participating at all. Bitcoin is very profitable because it is a digital currency like spending money online worldwide. Also another major factor that makes the famous bitcoin popular is that it is tax free, and unregulated by the government. So if you want then you can be sure to keep bitcoin in your wallet for a long time.
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Today bitcoin price has increased a lot so i can say you are already in profit market. But if you are greedy and wait for more growth, you are also prepared to lose. Because the crypto market is unstable and the price of bitcoin always fluctuates. Cryptocurrencies like bitcoin can experience price volatility on a daily or even hourly basis. As with any type of investment the volatility can lead to uncertainty, fear of missing out, or fear of participating at all. Bitcoin is very profitable because it is a digital currency like spending money online worldwide. Also another major factor that makes the famous bitcoin popular is that it is tax free, and unregulated by the government. So if you want then you can be sure to keep bitcoin in your wallet for a long time.
Investing in Bitcoin has many benefits. Like Bitcoin is not controlled by government or any person which I like very much. Bitcoin market is increasing day by day and now it is their turn to sell their invested Bitcoins and make profit. And to those who are thinking of investing in Bitcoin now, I would say that it is not right to invest now because the crypto market price is always fluctuating and no one can tell when it will dump.
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Today bitcoin price has increased a lot so i can say you are already in profit market. But if you are greedy and wait for more growth, you are also prepared to lose. Because the crypto market is unstable and the price of bitcoin always fluctuates. Cryptocurrencies like bitcoin can experience price volatility on a daily or even hourly basis. As with any type of investment the volatility can lead to uncertainty, fear of missing out, or fear of participating at all. Bitcoin is very profitable because it is a digital currency like spending money online worldwide. Also another major factor that makes the famous bitcoin popular is that it is tax free, and unregulated by the government. So if you want then you can be sure to keep bitcoin in your wallet for a long time.
Investing in Bitcoin has many benefits. Like Bitcoin is not controlled by government or any person which I like very much. Bitcoin market is increasing day by day and now it is their turn to sell their invested Bitcoins and make profit. And to those who are thinking of investing in Bitcoin now, I would say that it is not right to invest now because the crypto market price is always fluctuating and no one can tell when it will dump.
If you want to buy bitcoin, you should wait until the market corrects because the current price of bitcoin is high, it has reached $ 68K and it is likely to go up again or there will be a correction.
Bitcoin is the safest coin for investment, and as you say investing in bitcoin has many advantages such as financial freedom because no one can control bitcoin, I agree with this
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
In my case, I always believe in Bitcoin that it will run at its own way as it did in its previous markets. This means that no matter how many time Bitcoin make it's market corrections, I mean what you are saying the bleed-out in market, Bitcoin will definitely start its bull run and cross its previous all-time high price and set a good all-time high price.
And for this I recall the previous experiences and revisit the charts of the previous markets. And the most important thing is that I try to keep my investment amount to such an extent that I will not have hypertension. Because I am holding for the long term and see Bitcoin as an asset.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
In my case, I always believe in Bitcoin that it will run at its own way as it did in its previous markets. This means that no matter how many time Bitcoin make it's market corrections, I mean what you are saying the bleed-out in market, Bitcoin will definitely start its bull run and cross its previous all-time high price and set a good all-time high price.
And for this I recall the previous experiences and revisit the charts of the previous markets. And the most important thing is that I try to keep my investment amount to such an extent that I will not have hypertension. Because I am holding for the long term and see Bitcoin as an asset.
Bitcoin often experiences corrections and the price of bitcoin often decreases but bitcoin is back to increasing in price because the crypto market is volatile and bitcoin is still a priority coin for investors. For investors who prefer to hold for the long term, they will choose bitcoin as the main coin to hold. I also always maintain the amount of my crypto assets and try to increase the collection of crypto assets that I have in my wallet before the bullish season next year, because my goal in investing is to make a profit.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
In my case, I always believe in Bitcoin that it will run at its own way as it did in its previous markets. This means that no matter how many time Bitcoin make it's market corrections, I mean what you are saying the bleed-out in market, Bitcoin will definitely start its bull run and cross its previous all-time high price and set a good all-time high price.
And for this I recall the previous experiences and revisit the charts of the previous markets. And the most important thing is that I try to keep my investment amount to such an extent that I will not have hypertension. Because I am holding for the long term and see Bitcoin as an asset.
Bitcoin often experiences corrections and the price of bitcoin often decreases but bitcoin is back to increasing in price because the crypto market is volatile and bitcoin is still a priority coin for investors. For investors who prefer to hold for the long term, they will choose bitcoin as the main coin to hold. I also always maintain the amount of my crypto assets and try to increase the collection of crypto assets that I have in my wallet before the bullish season next year, because my goal in investing is to make a profit.
This explanation illustrates a deep understanding of Bitcoin price fluctuations and the importance of a proper investment strategy in dealing with the crypto market. We can see that despite the price often experiencing temporary drops, Bitcoin remains a top choice for investors due to its strong nature and widespread acceptance. Taking steps to maintain and add crypto assets before the bull season shows readiness to take advantage of the upcoming market potential. Looking at previous trends, this strategy seems to be able to help us maximize long-term profits.
In addition, by continuing to maintain the amount of crypto assets we have, we can feel more prepared for unexpected market changes. Focusing on adding to our collection at the right time is a smart move to ensure that we are well-positioned when the bullish momentum arrives. Such a move not only provides an opportunity to gain profits but also shows our ability to plan carefully and follow market movements closely. This can be a very beneficial strategy for those of us who are oriented towards long-term growth.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
In my case, I always believe in Bitcoin that it will run at its own way as it did in its previous markets. This means that no matter how many time Bitcoin make it's market corrections, I mean what you are saying the bleed-out in market, Bitcoin will definitely start its bull run and cross its previous all-time high price and set a good all-time high price.
And for this I recall the previous experiences and revisit the charts of the previous markets. And the most important thing is that I try to keep my investment amount to such an extent that I will not have hypertension. Because I am holding for the long term and see Bitcoin as an asset.
Bitcoin often experiences corrections and the price of bitcoin often decreases but bitcoin is back to increasing in price because the crypto market is volatile and bitcoin is still a priority coin for investors. For investors who prefer to hold for the long term, they will choose bitcoin as the main coin to hold. I also always maintain the amount of my crypto assets and try to increase the collection of crypto assets that I have in my wallet before the bullish season next year, because my goal in investing is to make a profit.
It's also wise to stay determined and responsible even while you are holding BTC, because otherwise, without a clear head and some fresh air, you will make mistakes, lots of them, and they are going to cost you ;D
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It's also wise to stay determined and responsible even while you are holding BTC, because otherwise, without a clear head and some fresh air, you will make mistakes, lots of them, and they are going to cost you ;D
That's the most important thing while you wanted to hold bitcoin for the long-term.
Because many times we find ourselves spending most of our income on bitcoin holding or bitcoin investment and not keeping any funds ready to face our security or emergency situations. The result is that many times it is seen that many bitcoin holders have to sell their holdings of bitcoins in their emergency situation and then tackle their emergency situation. In this case, if we are not determined and responsible and do not follow the right strategy and invest any amount or most of the income at will, then it will be seen that in the middle of the road we are ruining our plan and facing loss.
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It's also wise to stay determined and responsible even while you are holding BTC, because otherwise, without a clear head and some fresh air, you will make mistakes, lots of them, and they are going to cost you ;D
That's the most important thing while you wanted to hold bitcoin for the long-term.
Because many times we find ourselves spending most of our income on bitcoin holding or bitcoin investment and not keeping any funds ready to face our security or emergency situations. The result is that many times it is seen that many bitcoin holders have to sell their holdings of bitcoins in their emergency situation and then tackle their emergency situation. In this case, if we are not determined and responsible and do not follow the right strategy and invest any amount or most of the income at will, then it will be seen that in the middle of the road we are ruining our plan and facing loss.
When we try to keep that bitcoin for the long term, there is must-have balance between those that can be invested and that which has to be spent. Therefore, to avoid being cornered we need to have an emergency fund set aside hence, this marks a step in that direction. This will assist the company in following without straying through distractions that may come along, proper long term strategies.
Other than that, it is consequential that Constancy & punctiliousness in managing investments will help us in order to attain our monetary objectives. Being prudent and responsible in handling funds, we can achieve the maximum profits which are possible without at the same trembling on the edge of insolvency outside of investment.
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When we try to keep that bitcoin for the long term, there is must-have balance between those that can be invested and that which has to be spent. Therefore, to avoid being cornered we need to have an emergency fund set aside hence, this marks a step in that direction. This will assist the company in following without straying through distractions that may come along, proper long term strategies.
Other than that, it is consequential that Constancy & punctiliousness in managing investments will help us in order to attain our monetary objectives. Being prudent and responsible in handling funds, we can achieve the maximum profits which are possible without at the same trembling on the edge of insolvency outside of investment.
Yes and that is the reason for I am disagreeing with some peoples opinions. And that also because I have face these kinds of situations like I have lots of fund on cryptocurrency which is only accessible when you have internet and here in the recent incident in our country our dictator government for suppressing the movement they shut down the whole internet in the whole country and I have inaccessible internet for 5 days and from this situation I also get this that even then we are holding bitcoin we have must some cash for our emergency situation backup.
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I agree with you, adding to what you already have when the market is bad is a good idea cause the market is sure to bounce back and that would be a consolation price cause you'd be in good profit with time. If you don't have more money to invest and seize the opportunity to make more profit at the time the market is bad, you could actually just take a break out of he market. Play games, do your hobbies to keep you mind away from the crashing market cause it's just a matter of time before the market bounces back and you are good again.
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When we try to keep that bitcoin for the long term, there is must-have balance between those that can be invested and that which has to be spent. Therefore, to avoid being cornered we need to have an emergency fund set aside hence, this marks a step in that direction. This will assist the company in following without straying through distractions that may come along, proper long term strategies.
Other than that, it is consequential that Constancy & punctiliousness in managing investments will help us in order to attain our monetary objectives. Being prudent and responsible in handling funds, we can achieve the maximum profits which are possible without at the same trembling on the edge of insolvency outside of investment.
Yes and that is the reason for I am disagreeing with some peoples opinions. And that also because I have face these kinds of situations like I have lots of fund on cryptocurrency which is only accessible when you have internet and here in the recent incident in our country our dictator government for suppressing the movement they shut down the whole internet in the whole country and I have inaccessible internet for 5 days and from this situation I also get this that even then we are holding bitcoin we have must some cash for our emergency situation backup.
Having cash on hand as for now is a great backup in of itself, not only due to crypto being regulated in some places.
I hope the situation on your part will become better.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
BTC unlike other cryptocurrency, Investors usually are happy when price experience a dip and that's because it creates an opportunity to buy more and wait for the next bull. Which we all know definitely comes into play. Bitcoin for long has been the best cryptocurrency to ever exist in the market. Now I'll assume by bleeding you meant bearish market. Yes. During the bears, I mostly don't bother checking how much the value of my coins are. It doesn't actually bother me that much when the bears play in as it's a time I get to buy more BTC. Best thing to do is to avoid observing the market too much during dips, this will reduce your stress alot.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
BTC unlike other cryptocurrency, Investors usually are happy when price experience a dip and that's because it creates an opportunity to buy more and wait for the next bull. Which we all know definitely comes into play. Bitcoin for long has been the best cryptocurrency to ever exist in the market. Now I'll assume by bleeding you meant bearish market. Yes. During the bears, I mostly don't bother checking how much the value of my coins are. It doesn't actually bother me that much when the bears play in as it's a time I get to buy more BTC. Best thing to do is to avoid observing the market too much during dips, this will reduce your stress alot.
Yeah, especially with BTC, some corrections are just natural and you will need just to wait it out to see the coin bouncing back eventually.
On the other hand with other alts, especially the new alts, that's a worrying sign, simply because people don't have that much skin into them.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
After you invest in crypto, if you monitor the market frequently, it's normal to get restless with the market conditions, so to reduce your volatility, stop monitoring the market frequently if you are investing for long term. In that case you won't panic because you don't see the daily market situation. It will help you reduce your stress. Since you are investing in Bitcoin, you don't need to think too far. Only invest for long term and keep them in a safe wallet and forget about it for a few years if you are financially strong enough. And instead of investing all together, invest according to DCA method, in that case your risk will be reduced a lot
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Having cash on hand as for now is a great backup in of itself, not only due to crypto being regulated in some places.
I hope the situation on your part will become better.
Yeap cash is physical asset and there is no medium need to use it and so that I also say to have it instead of not investing the whole fund in bitcoin or the crypto coins.
Even then I have said it multiple times that the assets or income to be placed in three parts and first part you can invest in bitcoin about the 30% and you can hold the 40% in crypto stable coins like USDT or USDC and the rest percentage of fund I mean the rest 30% you can cashout and use them in your regular life living. That's how you are not being fully dependent on any asset like you don't have to face the volatility of bitcoin and also the inflation of the cash fiat as well.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
It's a good idea though but the market price should be a resin for you to stay away from your phone. First thing is to develop some kind of discipline in our selfs. Our mindset is what will enable us go through the stress while the market is bearish. Most times just try not to observe the chart or receive any news update about the market. just for a while though, the market will not remain bearish for ever, just like we see in btc and other crypto with good potentials. . But your phone can still be used In times where you don't want to visit the market.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
I think spending time with friends could also be a pretty great way to get your mind off things too. I use that all the time, whenever I’m faced with a situation that seems overwhelming or too complicated and I just wanna let it be for a while and wish to engage in an activity that may get my mind of it or maybe keep me busy, I just put a call across to any of my friends I know would be available or sometimes two, and we’d just go out, have some drink or something. And if it’s someone I feel have the experience on what I’m doing, I could equally talk to the person about it and hear what he’s got to say about it too, and most times this often helps me crack the situation.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
Even though we have diverted our minds to something else, our memory to remember the last price turns out to be a bitter reality... sometimes it encourages us to make sure again that the price has returned to normal by checking the market... or what I do most often is when I play social media, without any intention of checking market conditions, there my friends I follow share something related to the market... knowing it accidentally will also affect our psychology, right?
Maybe it's better to kill our emotions about market prices... by not expecting too much from market prices. We will consciously ignore what is happening in the cryptocurrency market.
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I don't believe that bitcoin will drop below $50k either, but rather than trying to buy it cheaply when the market goes into a bear phase, i would rather plan a monthly accumulation plan
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I don't believe that bitcoin will drop below $50k either, but rather than trying to buy it cheaply when the market goes into a bear phase, i would rather plan a monthly accumulation plan
It is difficult to profit from Bitcoin by those who cannot control themselves to see a slight decline in the market. There are some investors who panic and sell at the slightest drop in the market will never be able to profit from Bitcoin's ATH. Since a pre-requisite to being profitable from Bitcoin is long-term holding, those who want to profit quickly will rather lose. An investor will definitely be profitable if he follows DCA within his capacity at a regular basis. Bitcoin's long-term plan can protect investors from losses in any situation.
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It is difficult to profit from Bitcoin by those who cannot control themselves to see a slight decline in the market. There are some investors who panic and sell at the slightest drop in the market will never be able to profit from Bitcoin's ATH. Since a pre-requisite to being profitable from Bitcoin is long-term holding, those who want to profit quickly will rather lose. An investor will definitely be profitable if he follows DCA within his capacity at a regular basis. Bitcoin's long-term plan can protect investors from losses in any situation.
Yes investing in Bitcoin requires self control and patience. Investors who sell quickly when market drops will find it hard to make money. Holding onto Bitcoin for long time is essential. Those looking for fast profits will probably lose. Successful strategy is Dollar-Cost Averaging DCA. Investors put in fixed amount of money regularly based on what they can afford. This approach helps investors deal with market changes and making it likely they will make money. Bitcoin long term potential protects investors from losses and making it good strategy.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
I agree with your opinion here. Avoiding stress keeps the entire body and mind relaxed. I have had this experience as I was so stressed that it affected my health and I broke down. It took me time to fully recover as a result of the accumulated stress I have had. It is good one takes out time for themselves irrespective of how tight their schedule is because if they don't, the repercussion would be a terrible health experience.
One should learn to have a quality time for themselves void of stress so that they can be able to get more focus on their life and live healthy.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
I agree with your opinion here. Avoiding stress keeps the entire body and mind relaxed. I have had this experience as I was so stressed that it affected my health and I broke down. It took me time to fully recover as a result of the accumulated stress I have had. It is good one takes out time for themselves irrespective of how tight their schedule is because if they don't, the repercussion would be a terrible health experience.
One should learn to have a quality time for themselves void of stress so that they can be able to get more focus on their life and live healthy.
Stress will make us unable to think clearly especially if we do trading even though you are disciplined and always focused but we need to relax to do it all.
relieving stress in life can be done by doing a hobby, something that is enjoyed and we should do this in between our busy schedules so as not to experience stress that can make us not optimal in trading.
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After you invest in crypto, if you monitor the market frequently, it's normal to get restless with the market conditions, so to reduce your volatility, stop monitoring the market frequently if you are investing for long term.
Yes, that is so right. This is the very idea of HODLING for the long-term so just get in, buy some crypto coins or tokens that you think will really be valuable into the future and then get out. Just forget your investment for some months and yes even years...and just go back from time to time to make sure that things are secured on your end. As we are living in a very stressful world and very noisy at that, there is no need to add more stress while watching the ups and downs in CMC not unless of course one can be like me who don't really care if there can be a big dip as I know that eventually things will be up in no time at all.
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Avoiding stress is probably essential for you to get your mind off things. It is best to let yourself cool down and make decisions with the right mindset. Personally, staying away from my phone is also important. I just play games to relieve myself and also exercise. Staying away from my phone is also ideal.
I agree with your opinion here. Avoiding stress keeps the entire body and mind relaxed. I have had this experience as I was so stressed that it affected my health and I broke down. It took me time to fully recover as a result of the accumulated stress I have had. It is good one takes out time for themselves irrespective of how tight their schedule is because if they don't, the repercussion would be a terrible health experience.
One should learn to have a quality time for themselves void of stress so that they can be able to get more focus on their life and live healthy.
Stress will make us unable to think clearly especially if we do trading even though you are disciplined and always focused but we need to relax to do it all.
relieving stress in life can be done by doing a hobby, something that is enjoyed and we should do this in between our busy schedules so as not to experience stress that can make us not optimal in trading.
The worst of them all is accumulated stress. I do not wish anybody to go through such experience, it is so traumatic that it can cause ones life. If after you've had a stressful period please take out time to rest and to regain your vitality. Do not force or push yourself into strenuous engagements that would cost you your health back to back. Many have died of such because they fail to listen and give their health and body the urgent attention it requires. Do not wait before you breakdown to give yourself attention. Relieve yourself of stress and live a healthy lifestyle.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
It is easy to get distracted when you are alone and nothing to do. I usually spend busy time on my shop or reading, writing on the forum or traveling with friends. Most of the times I do not even notice the market movement because even though I am regular on crypto forum, I do not check crypto price everyday these days.
Sometimes when there are big moves, I may check once in a day or sometimes I get the notification from CEX apps that Bitcoin surpassed this range, or down below that range. You can spend time watching movies, netflix series or whatever you want. Just find a way to keep yourself busy. Everyone should have their favorite thing to do.
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It is easy to get distracted when you are alone and nothing to do. I usually spend busy time on my shop or reading, writing on the forum or traveling with friends. Most of the times I do not even notice the market movement because even though I am regular on crypto forum, I do not check crypto price everyday these days.
Sometimes when there are big moves, I may check once in a day or sometimes I get the notification from CEX apps that Bitcoin surpassed this range, or down below that range. You can spend time watching movies, netflix series or whatever you want. Just find a way to keep yourself busy. Everyone should have their favorite thing to do.
Always and constantly looking and monitoring market movements can indeed inject some kind of stress on an investor, especially for someone who has an active investment and is expected the coin to grow, if the market isn’t moving according to your expectations, you may start feeling some sort of tension and for some, could contribute to making impulsive decisions that may likely cause financial losses.
It’s important to try as much as one can to distract himself from regularly monitoring the market, the options you listed could actually turn out to be a pretty great options to distract one from monitoring the market, and in addition, I think diversification of investment could also be a great option too, like diversifying to other less volatile assets or business, this could also be a pretty good distraction.
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It is easy to get distracted when you are alone and nothing to do. I usually spend busy time on my shop or reading, writing on the forum or traveling with friends. Most of the times I do not even notice the market movement because even though I am regular on crypto forum, I do not check crypto price everyday these days.
Sometimes when there are big moves, I may check once in a day or sometimes I get the notification from CEX apps that Bitcoin surpassed this range, or down below that range. You can spend time watching movies, netflix series or whatever you want. Just find a way to keep yourself busy. Everyone should have their favorite thing to do.
Always and constantly looking and monitoring market movements can indeed inject some kind of stress on an investor, especially for someone who has an active investment and is expected the coin to grow, if the market isn’t moving according to your expectations, you may start feeling some sort of tension and for some, could contribute to making impulsive decisions that may likely cause financial losses.
It’s important to try as much as one can to distract himself from regularly monitoring the market, the options you listed could actually turn out to be a pretty great options to distract one from monitoring the market, and in addition, I think diversification of investment could also be a great option too, like diversifying to other less volatile assets or business, this could also be a pretty good distraction.
Yep, constantly watching the price movement chart, we are bound to feel optimistic or pessimistic at some point, which is a form of involving emotions in our investment decisions.
Experienced traders can read patterns from market psychology cycles. They use market psychology to enter and exit the market, they act as observers who avoid emotional trading but use the emotions of ordinary traders and investors to their advantage.
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It is easy to get distracted when you are alone and nothing to do. I usually spend busy time on my shop or reading, writing on the forum or traveling with friends. Most of the times I do not even notice the market movement because even though I am regular on crypto forum, I do not check crypto price everyday these days.
Sometimes when there are big moves, I may check once in a day or sometimes I get the notification from CEX apps that Bitcoin surpassed this range, or down below that range. You can spend time watching movies, netflix series or whatever you want. Just find a way to keep yourself busy. Everyone should have their favorite thing to do.
Always and constantly looking and monitoring market movements can indeed inject some kind of stress on an investor, especially for someone who has an active investment and is expected the coin to grow, if the market isn’t moving according to your expectations, you may start feeling some sort of tension and for some, could contribute to making impulsive decisions that may likely cause financial losses.
It’s important to try as much as one can to distract himself from regularly monitoring the market, the options you listed could actually turn out to be a pretty great options to distract one from monitoring the market, and in addition, I think diversification of investment could also be a great option too, like diversifying to other less volatile assets or business, this could also be a pretty good distraction.
Short term traders or holders are some worth of this experience, they constantly do monitor the market to make sure their investments are safe because of their short term market target to collect profit but the long term holders do not bother because they have a long time frame work for which they can stay without looking at the market trend. Most times, expectations are what makes traders to always stay glued to monitoring the market and this causes much stress which also has its own side effect.
As you have talked about investment diversification, this would be a good alternative to avoid too much focus on your crypto invest as you have other alternative sources of investment to backup the crypto investment. However, one can be at alert to know what is happening so that they are not taken unawares as many have lost their crypto investment as a result of not following up. I remember how a friend missed to swap a token which a deadline was given to do so but he was not following up with the project but was just relaxed thinking it would be like that forever, forgetting that in crypto, anything can happen.
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As you have talked about investment diversification, this would be a good alternative to avoid too much focus on your crypto invest as you have other alternative sources of investment to backup the crypto investment. However, one can be at alert to know what is happening so that they are not taken unawares as many have lost their crypto investment as a result of not following up. I remember how a friend missed to swap a token which a deadline was given to do so but he was not following up with the project but was just relaxed thinking it would be like that forever, forgetting that in crypto, anything can happen.
That was indeed an awful experience for your friend. Well this advice and approach is often for those investing in Bitcoin as you’re sure that such situations are not going to happen or arise. Besides I wouldn’t advice those investing in shitcoin projects to employ the long term strategy or to avoid monitoring their investments, due to the instability and risks associated with these kind of investments, one actually needs to stay glued to their investments, monitoring and keeping an eye on them at all time, just as you said, so one needs not to be taken unaware. I’m pretty sure if your friend was investing in Bitcoin, then he would’ve absolutely avoided missing out on the opportunity and avoided the losses.
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As you have talked about investment diversification, this would be a good alternative to avoid too much focus on your crypto invest as you have other alternative sources of investment to backup the crypto investment. However, one can be at alert to know what is happening so that they are not taken unawares as many have lost their crypto investment as a result of not following up. I remember how a friend missed to swap a token which a deadline was given to do so but he was not following up with the project but was just relaxed thinking it would be like that forever, forgetting that in crypto, anything can happen.
That was indeed an awful experience for your friend. Well this advice and approach is often for those investing in Bitcoin as you’re sure that such situations are not going to happen or arise. Besides I wouldn’t advice those investing in shitcoin projects to employ the long term strategy or to avoid monitoring their investments, due to the instability and risks associated with these kind of investments, one actually needs to stay glued to their investments, monitoring and keeping an eye on them at all time, just as you said, so one needs not to be taken unaware. I’m pretty sure if your friend was investing in Bitcoin, then he would’ve absolutely avoided missing out on the opportunity and avoided the losses.
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As you have talked about investment diversification, this would be a good alternative to avoid too much focus on your crypto invest as you have other alternative sources of investment to backup the crypto investment. However, one can be at alert to know what is happening so that they are not taken unawares as many have lost their crypto investment as a result of not following up. I remember how a friend missed to swap a token which a deadline was given to do so but he was not following up with the project but was just relaxed thinking it would be like that forever, forgetting that in crypto, anything can happen.
That was indeed an awful experience for your friend. Well this advice and approach is often for those investing in Bitcoin as you’re sure that such situations are not going to happen or arise. Besides I wouldn’t advice those investing in shitcoin projects to employ the long term strategy or to avoid monitoring their investments, due to the instability and risks associated with these kind of investments, one actually needs to stay glued to their investments, monitoring and keeping an eye on them at all time, just as you said, so one needs not to be taken unaware. I’m pretty sure if your friend was investing in Bitcoin, then he would’ve absolutely avoided missing out on the opportunity and avoided the losses.
I actually advised him to looking into Bitcoin but he was adamant and I would not force him against his decision so I kept mute. I was thinking he was following up in monitoring and checking for updates but to my greatest surprise he didn't but was just there hoping for the price of the token to skyrocket for him to take big profit from it.
If he he was actually following up with the project, I think he wouldn't have missed out the deadline for the swapping. When I asked him, he admitted it to be engagements as a result of the nature of his work which could not avail him the opportunity to constantly monitor his investment for updates and development.
One thing with Crypto investment is that as an investor, you must constantly keep an eye on your investment to know the direction it is heading towards and if there are any information you would need to act upon to safeguard your investment and put you on the right track.
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Yep, constantly watching the price movement chart, we are bound to feel optimistic or pessimistic at some point, which is a form of involving emotions in our investment decisions.
Experienced traders can read patterns from market psychology cycles. They use market psychology to enter and exit the market, they act as observers who avoid emotional trading but use the emotions of ordinary traders and investors to their advantage.
Some of us don't know that in every crypto market movement, there is opportunity to make money. Some are risky but what is money making without risk? It's definitely a scam. Anytime the market is bleeding, open a short position and makes some profit, when you try it once, twice or three times you wouldn't be afraid again but make sure to do ptofooet analysis.
Another alternative is to buy more if you have money you aren't in dare need, do some dollar cost average and then sell back, this is one of the fastest strategy one can use to make money from market dump.
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Yep, constantly watching the price movement chart, we are bound to feel optimistic or pessimistic at some point, which is a form of involving emotions in our investment decisions.
Experienced traders can read patterns from market psychology cycles. They use market psychology to enter and exit the market, they act as observers who avoid emotional trading but use the emotions of ordinary traders and investors to their advantage.
Some of us don't know that in every crypto market movement, there is opportunity to make money. Some are risky but what is money making without risk? It's definitely a scam. Anytime the market is bleeding, open a short position and makes some profit, when you try it once, twice or three times you wouldn't be afraid again but make sure to do ptofooet analysis.
Another alternative is to buy more if you have money you aren't in dare need, do some dollar cost average and then sell back, this is one of the fastest strategy one can use to make money from market dump.
Scammers always offer something that is easy and profitable for prey to believe, whereas in investment crypto there is always a risk so we have to be careful with the bidding of scammers not to be persuaded, because we will lose our money. There is nothing easy to benefit from investing, all need a process
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Yep, constantly watching the price movement chart, we are bound to feel optimistic or pessimistic at some point, which is a form of involving emotions in our investment decisions.
Experienced traders can read patterns from market psychology cycles. They use market psychology to enter and exit the market, they act as observers who avoid emotional trading but use the emotions of ordinary traders and investors to their advantage.
Some of us don't know that in every crypto market movement, there is opportunity to make money. Some are risky but what is money making without risk? It's definitely a scam. Anytime the market is bleeding, open a short position and makes some profit, when you try it once, twice or three times you wouldn't be afraid again but make sure to do ptofooet analysis.
Another alternative is to buy more if you have money you aren't in dare need, do some dollar cost average and then sell back, this is one of the fastest strategy one can use to make money from market dump.
If there is a market downturn, I will buy potential coins and hold them until the market goes up and sell them for profit. I also agree that in investing in crypto we use money that we don't need in the near future, but use free savings so we are calmer and focus on investing and trading.
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I actually advised him to looking into Bitcoin but he was adamant and I would not force him against his decision so I kept mute. I was thinking he was following up in monitoring and checking for updates but to my greatest surprise he didn't but was just there hoping for the price of the token to skyrocket for him to take big profit from it.
Well the problem is that a lot of newbies who come into the crypto space, due to how huge the price of Bitcoin is, scares them and make them believe that Bitcoin is too big for them to start buying as they usually have the misconception that only investors with huge amounts of money can invest in Bitcoin. Thus, they prefer to turn to shitcoins that costs lesser, without consideration the fact that shitcoins carries way too much risks and there’s every tendency of losing money when you invest in shitcoin projects.
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I actually advised him to looking into Bitcoin but he was adamant and I would not force him against his decision so I kept mute. I was thinking he was following up in monitoring and checking for updates but to my greatest surprise he didn't but was just there hoping for the price of the token to skyrocket for him to take big profit from it.
Well the problem is that a lot of newbies who come into the crypto space, due to how huge the price of Bitcoin is, scares them and make them believe that Bitcoin is too big for them to start buying as they usually have the misconception that only investors with huge amounts of money can invest in Bitcoin. Thus, they prefer to turn to shitcoins that costs lesser, without consideration the fact that shitcoins carries way too much risks and there’s every tendency of losing money when you invest in shitcoin projects.
You are right, that is the reality, many newbies are tempted by people's stories that the profits in shitcoin are bigger and faster, this news is always shared by influencers. In fact, shitcoin is high risk and I have lost a lot of money in the past. The price of bitcoin is high but we can buy it according to the funds we have, at least $ 10. We don't have to buy 1 BTC but according to the money we have.
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You are right, that is the reality, many newbies are tempted by people's stories that the profits in shitcoin are bigger and faster, this news is always shared by influencers. In fact, shitcoin is high risk and I have lost a lot of money in the past. The price of bitcoin is high but we can buy it according to the funds we have, at least $ 10. We don't have to buy 1 BTC but according to the money we have.
Well, there are numerous stories presenting the large and fast profit horizon when buying shitcoins, and it all still sounds very appealing to the newcomers. This investment is likely to appear attractive, with the help of various parties, and bloggers, who discuss their successful experiences. But it is crucial to mention that shitcoins come with high risk always and mostly lead to high loss making. We need to be more cautious and learn to accept a situation in which much-fluctuating and less-stable this particular form of lexical investment can often lead to undesirable outcomes.
Bitcoin today cost a very high price, but it gives us an opportunity to begin with the amount that we are capable of investing. If we purchase Bitcoin for example at $10 it will be of no value because someone may shave it with market fees. Therefore, the most suitable approach to obtain Bitcoin at this first expensive price would possibly cost $50- $100. This way, the investment that we are interested in assumes lower risk, and we can be more calm than, for example, when investing in stock and expecting to get big profits and at the same time having big loss.
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You are right, that is the reality, many newbies are tempted by people's stories that the profits in shitcoin are bigger and faster, this news is always shared by influencers. In fact, shitcoin is high risk and I have lost a lot of money in the past. The price of bitcoin is high but we can buy it according to the funds we have, at least $ 10. We don't have to buy 1 BTC but according to the money we have.
Very correct.
All a person really needs to invest in Bitcoin is to have a stable income source and maybe some good amount of money saved up somewhere for emergencies that may likely occur in the future, because certainly emergencies will surely occur in the future and without a backup fund to support your investment, you may likely just dip into your investment for financial support to weather the emergency. But with the presence of an emergency fund, one can be sure that your accumulation won’t be interrupted by subsequent emergencies thereby giving your investment the security and chance to grow overtime.
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I actually advised him to looking into Bitcoin but he was adamant and I would not force him against his decision so I kept mute. I was thinking he was following up in monitoring and checking for updates but to my greatest surprise he didn't but was just there hoping for the price of the token to skyrocket for him to take big profit from it.
Well the problem is that a lot of newbies who come into the crypto space, due to how huge the price of Bitcoin is, scares them and make them believe that Bitcoin is too big for them to start buying as they usually have the misconception that only investors with huge amounts of money can invest in Bitcoin. Thus, they prefer to turn to shitcoins that costs lesser, without consideration the fact that shitcoins carries way too much risks and there’s every tendency of losing money when you invest in shitcoin projects.
You are right, that is the reality, many newbies are tempted by people's stories that the profits in shitcoin are bigger and faster, this news is always shared by influencers. In fact, shitcoin is high risk and I have lost a lot of money in the past. The price of bitcoin is high but we can buy it according to the funds we have, at least $ 10. We don't have to buy 1 BTC but according to the money we have.
Obviously, they think such way of taking profit so fast from shitcoin and ignore the fact that the shitcoin does not last for a while and that these shitcoin are only in existence as a result of influencers and celebrities hype and when they are done taking profit, they abandon the shitcoin on their supporters and nothing anybody can do about it.
If they can be able to accumulate bitcoin in their little fraction from their spare cash, gradually they could be able to get something big and reasonable as time goes on without noticing it that way. That has helped most of the people in getting a good amount of bitcoin unknown to them until they realized it. If same approach is given by the newbies, they could accumulate more bitcoin as per their target and even exceed it without them knowing.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
- The question is, why are you stressed if the market is bleeding? Is it because the price of the crypto assets we have is going down? Which one is more stressful, the one that you have assets and while you are holding them you see that their value is falling in the market but you are still holding it or the one that you see that the value of your assets has fallen too much and you sold it at a discount because of the fear that it will lose value?
You answered those two, because it's simple: as long as you don't sell an asset, even if its price value drops completely, there's no reason to stress you out. Because the price falls, the only thing that can be done after that is to raise the price of your asset in the market again. See the logic?
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I want to believe that this is mostly applicable to our traders, they have to maintain holding their investment even when the market is falling because it may only be a test of time, sometimes it appears that the market is falling while its in preparation for raising, in most cases, i do place a limit order in other for me to avoid being too much panic over the performance by setting a stop loss feature on it when the market is working against my direction.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
I think not only you, I will also be stressed if the assets fall drastically in crypto trading because the price of the coins we hold drops.
To reduce stress, I usually just sleep, although when I wake up from sleep I will remember our assets that have fallen. If we have already experienced this, we should be stronger and let's continue to understand that trading in crypto has a very high risk.
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If they can be able to accumulate bitcoin in their little fraction from their spare cash, gradually they could be able to get something big and reasonable as time goes on without noticing it that way. That has helped most of the people in getting a good amount of bitcoin unknown to them until they realized it. If same approach is given by the newbies, they could accumulate more bitcoin as per their target and even exceed it without them knowing.
I agree that Bitcoin remains the safest and most secure asset to invest in, as long as you can employ the long term approach, by consistently and gradually accumulating Bitcoin and removing your attention from taking short term profits, I've come to understand that the most reason why people always end up making wromg investment choices whether in Bitcoin or Shitcoins is mostly due to their impatience and hasty decision making, either through following hypes or other investor's judgements and sentiments, they end up acting without actually making their own researches, and when they do this, they often end up making certain mistakes that'll lead in financial losses.
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If they can be able to accumulate bitcoin in their little fraction from their spare cash, gradually they could be able to get something big and reasonable as time goes on without noticing it that way. That has helped most of the people in getting a good amount of bitcoin unknown to them until they realized it. If same approach is given by the newbies, they could accumulate more bitcoin as per their target and even exceed it without them knowing.
I agree that Bitcoin remains the safest and most secure asset to invest in, as long as you can employ the long term approach, by consistently and gradually accumulating Bitcoin and removing your attention from taking short term profits, I've come to understand that the most reason why people always end up making wromg investment choices whether in Bitcoin or Shitcoins is mostly due to their impatience and hasty decision making, either through following hypes or other investor's judgements and sentiments, they end up acting without actually making their own researches, and when they do this, they often end up making certain mistakes that'll lead in financial losses.
Yes, Spending time and focus on something like a Bitcoin makes it possible for us To better establish confidence in it and if we decide to save and grow it over time. It is important not to succase to title’s temptation taking small profits, investing only in its great future. People make bad investment decisions because we tend to be influenced by trends and other people’s opinions instead of doing our research. In effort to avoid wastage of money the most important virtues to be adopted are patience and self control.
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If they can be able to accumulate bitcoin in their little fraction from their spare cash, gradually they could be able to get something big and reasonable as time goes on without noticing it that way. That has helped most of the people in getting a good amount of bitcoin unknown to them until they realized it. If same approach is given by the newbies, they could accumulate more bitcoin as per their target and even exceed it without them knowing.
I agree that Bitcoin remains the safest and most secure asset to invest in, as long as you can employ the long term approach, by consistently and gradually accumulating Bitcoin and removing your attention from taking short term profits, I've come to understand that the most reason why people always end up making wromg investment choices whether in Bitcoin or Shitcoins is mostly due to their impatience and hasty decision making, either through following hypes or other investor's judgements and sentiments, they end up acting without actually making their own researches, and when they do this, they often end up making certain mistakes that'll lead in financial losses.
Yes, Spending time and focus on something like a Bitcoin makes it possible for us To better establish confidence in it and if we decide to save and grow it over time. It is important not to succase to title’s temptation taking small profits, investing only in its great future. People make bad investment decisions because we tend to be influenced by trends and other people’s opinions instead of doing our research. In effort to avoid wastage of money the most important virtues to be adopted are patience and self control.
Actually its really that hard to resist when you are really that trying out to make some big profits specially that you could really be able to see when dealing up with meme coins or some low cap altcoins on which just like on what i have said that it would really be that hard to resist specially you've seen the potential profits that you could get on the moment that you had made out the right decision on buying while its still low. Somewhat it is really that risky but doesnt mean that you dont have the chance on making it big but it would really be that a hit or miss thing
in most cases and thats why you should really be that careful on dealing with it.
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Yes, Spending time and focus on something like a Bitcoin makes it possible for us To better establish confidence in it and if we decide to save and grow it over time. It is important not to succase to title’s temptation taking small profits, investing only in its great future. People make bad investment decisions because we tend to be influenced by trends and other people’s opinions instead of doing our research. In effort to avoid wastage of money the most important virtues to be adopted are patience and self control.
Most certainly.
Patience, consistency and self control remains the most important tools that’ll enable to see through the temporary/short term market fluctuations and focus more on the long term trajectory, because what often makes most investors to end up making wrong investment choices is when they’re mostly targeting the market’s short term gain, their attention is being removed from the big picture as they become more focused on what they stand to gain in the short term, this often affects their attitude towards Bitcoin. But if they can only exercise patience, be consistent in their accumulation process and of course self control to resist the temptation of taking profits in the short term, then they will surely reap the actual benefits of Bitcoin.
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I want to believe that this is mostly applicable to our traders, they have to maintain holding their investment even when the market is falling because it may only be a test of time, sometimes it appears that the market is falling while its in preparation for raising, in most cases, i do place a limit order in other for me to avoid being too much panic over the performance by setting a stop loss feature on it when the market is working against my direction.
For beginners, it's going to be a struggle, but for us who have been in the market for so long, we should have learn from those early challenges and then we become mentally strong when the price is going down hard.
So it's not going to be easy process, but at least if we are mature enough, maybe just take some time off with watching the prices. Or maybe spend sometime with our love ones to avoid stress.
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I want to believe that this is mostly applicable to our traders, they have to maintain holding their investment even when the market is falling because it may only be a test of time, sometimes it appears that the market is falling while its in preparation for raising, in most cases, i do place a limit order in other for me to avoid being too much panic over the performance by setting a stop loss feature on it when the market is working against my direction.
For beginners, it's going to be a struggle, but for us who have been in the market for so long, we should have learn from those early challenges and then we become mentally strong when the price is going down hard.
So it's not going to be easy process, but at least if we are mature enough, maybe just take some time off with watching the prices. Or maybe spend sometime with our love ones to avoid stress.
People who have invested in Crypto when their bloody market will wait and some do hobbies or recreation. Because it is common. But for New Bies it is likely to panic and experience stress. All need experience and knowledge in analyzing the market. We must know what the cause of Tiu. But no need to be too dizzy because the market will turn back because the crypto market is very volatile.
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I want to believe that this is mostly applicable to our traders, they have to maintain holding their investment even when the market is falling because it may only be a test of time, sometimes it appears that the market is falling while its in preparation for raising, in most cases, i do place a limit order in other for me to avoid being too much panic over the performance by setting a stop loss feature on it when the market is working against my direction.
For beginners, it's going to be a struggle, but for us who have been in the market for so long, we should have learn from those early challenges and then we become mentally strong when the price is going down hard.
So it's not going to be easy process, but at least if we are mature enough, maybe just take some time off with watching the prices. Or maybe spend sometime with our love ones to avoid stress.
Agreed, Managing market dynamics is a hard job and that necessitates two important qualities, patience and good thinking especially under pressure. In our case, we have to develop resilience to stay on the strategic course of action without getting swayed by impulses. Rather than be preoccupied with the fluctuations in prices we can use the time to build a better perspective of the market and therefore our long-term approach to investment. In this way, saving actions for creating knowledge, we can manage temporary pressures and act according to the permanent task.
It is also good to have an adjustment for the stresses from the market that may come up from time to time. There is always positive energy in focusing our energy on things that make us happy- time with family, and activities that are not tiring but refreshing. Its intention is to help us approach the market conditions from a more stable position, which in turn presents the best of us when things become tighter.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
It's seems something worth thinking from my point of view seeing the price value of your asset increasing, showing flashes of green uptrend. And of a time you start seeing the worth of your asset depreciating drastically even dropping down below your capital investment. It's worth causing thinking and stress even though it'll appreciate again with time...
At this point, you don't have to sell at loss for no reason rather put more effort to HODL because BTC is a volatile asset that must surely increase in price no matter how long duration it takes. It is certain that a time for the bulls must come around.
The advice I'll give, is for you to check it less often or don't even check at all to avoid stress and any related mental issue... rather, depend on news to know current price of the asset (BTC) and possibly whether it's trending towards a pump or dump.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
I am going to start by saying that one does not plant a tree seed, and then sit by it to watch it germinate and grow, you simply plant the seed, and then get busy with other things, maybe come around and water the seed from time to time, and when the time is due, that seed will germinate and start growing into the tree that it is.
We can apply the above analogy to investing in crypto, buying bitcoin as an investment specially, sitting in front of your computer all the time to watch the movement of the market will only cause you alot OG stress, because most times, the market won't be going that direction you want it to go..
So, the best thing to do is to invest/buy bitcoins, move the bitcoin to a secure non-custodial wallet, and then allow the coins to sit there and you get busy with other important stuffs, by the time you will remember that you bought and held bitcoin on a non-custodial wallet some time ago, the price of bitcoin will possibly be in a good run, meaning those bitcoins that were bought are the valuable.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
I am going to start by saying that one does not plant a tree seed, and then sit by it to watch it germinate and grow, you simply plant the seed, and then get busy with other things, maybe come around and water the seed from time to time, and when the time is due, that seed will germinate and start growing into the tree that it is.
We can apply the above analogy to investing in crypto, buying bitcoin as an investment specially, sitting in front of your computer all the time to watch the movement of the market will only cause you alot OG stress, because most times, the market won't be going that direction you want it to go..
So, the best thing to do is to invest/buy bitcoins, move the bitcoin to a secure non-custodial wallet, and then allow the coins to sit there and you get busy with other important stuffs, by the time you will remember that you bought and held bitcoin on a non-custodial wallet some time ago, the price of bitcoin will possibly be in a good run, meaning those bitcoins that were bought are the valuable.
A good analogy if we buy bitcoin is the same as planting a tree seed. We buy bitcoin then store it well and let it become more expensive this takes a long time, it can be 1-3 years we will see the results of what we invest. We do not need to always be in front of the computer and watch the market movement if we decide as a long-term holder. However, if we are a trader we must always focus on monitoring the market.
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If they can be able to accumulate bitcoin in their little fraction from their spare cash, gradually they could be able to get something big and reasonable as time goes on without noticing it that way. That has helped most of the people in getting a good amount of bitcoin unknown to them until they realized it. If same approach is given by the newbies, they could accumulate more bitcoin as per their target and even exceed it without them knowing.
I agree that Bitcoin remains the safest and most secure asset to invest in, as long as you can employ the long term approach, by consistently and gradually accumulating Bitcoin and removing your attention from taking short term profits, I've come to understand that the most reason why people always end up making wromg investment choices whether in Bitcoin or Shitcoins is mostly due to their impatience and hasty decision making, either through following hypes or other investor's judgements and sentiments, they end up acting without actually making their own researches, and when they do this, they often end up making certain mistakes that'll lead in financial losses.
Yes, Spending time and focus on something like a Bitcoin makes it possible for us To better establish confidence in it and if we decide to save and grow it over time. It is important not to succase to title’s temptation taking small profits, investing only in its great future. People make bad investment decisions because we tend to be influenced by trends and other people’s opinions instead of doing our research. In effort to avoid wastage of money the most important virtues to be adopted are patience and self control.
You are right here, people tend to not have patience and discipline in their investment. They tend to be always moved by the trend of events making them to not trust the process they get themselves into. Sometimes, all these happens as a result of their inability to do their own research before investing their funds. If they had carried out their research, they would have had the confidence in the system to still hold and maintain their position for the time being through whatever storm they are going through at that moment because it would definitely turn out to be in their favor in the long run.
Patience and self discipline is all it takes to scale through in the crypto space as long as one is an investor. Without these, I think it would be very difficult to hold and maintain a position for long when looking at the trends and happenings surrounding the crypto industry.
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You are right here, people tend to not have patience and discipline in their investment. They tend to be always moved by the trend of events making them to not trust the process they get themselves into. Sometimes, all these happens as a result of their inability to do their own research before investing their funds. If they had carried out their research, they would have had the confidence in the system to still hold and maintain their position for the time being through whatever storm they are going through at that moment because it would definitely turn out to be in their favor in the long run.
Patience and self discipline is all it takes to scale through in the crypto space as long as one is an investor. Without these, I think it would be very difficult to hold and maintain a position for long when looking at the trends and happenings surrounding the crypto industry.
Patience and discipline are the keys to success in investing because it takes knowledge and experience to do it. Many people are influenced by trends and do not believe in the research and analysis they have made but that's how the investment world is. Especially a trader who focuses on the short term, they must have high discipline and always believe in their analysis and predictions to become a reliable trader.
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You are right here, people tend to not have patience and discipline in their investment. They tend to be always moved by the trend of events making them to not trust the process they get themselves into. Sometimes, all these happens as a result of their inability to do their own research before investing their funds. If they had carried out their research, they would have had the confidence in the system to still hold and maintain their position for the time being through whatever storm they are going through at that moment because it would definitely turn out to be in their favor in the long run.
Patience and self discipline is all it takes to scale through in the crypto space as long as one is an investor. Without these, I think it would be very difficult to hold and maintain a position for long when looking at the trends and happenings surrounding the crypto industry.
Patience and discipline are the keys to success in investing because it takes knowledge and experience to do it. Many people are influenced by trends and do not believe in the research and analysis they have made but that's how the investment world is. Especially a trader who focuses on the short term, they must have high discipline and always believe in their analysis and predictions to become a reliable trader.
I believe those that looks out for trend before investing are likely the get rich quick investors who just want to flow with the trends to take quick profit and take a bow out of the market. Although some succeed in it while some get trapped but however, a proper research could guild them through to know what they are in for so as not to be taken unawares when they get trapped in the market as the case may be. Every trader and investor should always have this in mind that the market is not as smooth as it could be always. There are rough times and their are good times but their ability to utilize the opportunities before them matters.
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Just fix your mind that you're here to play the long and waiting games which is the most successful one so when you are into the zone then whenever you see the market going bearish you will become happy to add more to your portfolio instead of stressed. Only the new investors will get panic and exit the market with loss which is a common mistake that takes time and experience to understand the potential of HODL.
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You are right here, people tend to not have patience and discipline in their investment. They tend to be always moved by the trend of events making them to not trust the process they get themselves into. Sometimes, all these happens as a result of their inability to do their own research before investing their funds. If they had carried out their research, they would have had the confidence in the system to still hold and maintain their position for the time being through whatever storm they are going through at that moment because it would definitely turn out to be in their favor in the long run.
Patience and self discipline is all it takes to scale through in the crypto space as long as one is an investor. Without these, I think it would be very difficult to hold and maintain a position for long when looking at the trends and happenings surrounding the crypto industry.
Things like this are mostly caused by ignorance, ignorance of what they’re really delving into. You need to know that not everyone has the knowledge and experience you’ve got in crypto, and not even everyone was well informed about how the crypto market works, there are those who were taught from the onset even before they started, that patience and resilience is the key to being successful in the crypto world, and there are those that lacked this knowledge and the only approach they know is the take profit strategy, everytime they see a small profit, they’re moved to take it, hence only after the short term gain of the market, and this is pure and total ignorance, especially when investing in an asset as volatile as Bitcoin.
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Just fix your mind that you're here to play the long and waiting games which is the most successful one so when you are into the zone then whenever you see the market going bearish you will become happy to add more to your portfolio instead of stressed. Only the new investors will get panic and exit the market with loss which is a common mistake that takes time and experience to understand the potential of HODL.
Indeed, We are here to stay focused and alternatively accumulating new positions with expectation that these shares will rise in the future. According to value investor Buffett, the tender situation of the markets is a chance for increasing our stands rather than a problem.
It also makes us happy in our investment, being relaxed at certain times more so when others are inclined to wait. Over time this approach will prove very effective, time and patience will start to do the work for us without having to chase the market out at the worst times.
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We are familiar with a saying that time does not always pass in the same way, sometimes we are doing very well and sometimes we are doing badly. This same system is working there too then we have to adapt to the good times and bad times in our daily life and move forward by adapting to the good and bad times of the market.
Here the traders must take care that the smoothness of the market will not always be the same as it is going now, there will be something like that in the future it may be better or worse because the progress of commodity prices affects the economy as well as creates a pressure on the traders of our market. But there has to be a tendency or that kind of intelligence to get out of here. And of course, a businessman must remember to use his intelligence and creativity in good times to do something good when bad times come so that he can survive the bad times.
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You are right here, people tend to not have patience and discipline in their investment. They tend to be always moved by the trend of events making them to not trust the process they get themselves into. Sometimes, all these happens as a result of their inability to do their own research before investing their funds. If they had carried out their research, they would have had the confidence in the system to still hold and maintain their position for the time being through whatever storm they are going through at that moment because it would definitely turn out to be in their favor in the long run.
Patience and self discipline is all it takes to scale through in the crypto space as long as one is an investor. Without these, I think it would be very difficult to hold and maintain a position for long when looking at the trends and happenings surrounding the crypto industry.
Things like this are mostly caused by ignorance, ignorance of what they’re really delving into. You need to know that not everyone has the knowledge and experience you’ve got in crypto, and not even everyone was well informed about how the crypto market works, there are those who were taught from the onset even before they started, that patience and resilience is the key to being successful in the crypto world, and there are those that lacked this knowledge and the only approach they know is the take profit strategy, everytime they see a small profit, they’re moved to take it, hence only after the short term gain of the market, and this is pure and total ignorance, especially when investing in an asset as volatile as Bitcoin.
Naturally, there are those who are not patient, they want everything done quick and for them to always be on the safe and profiting side of everything. These set of people do not bother about doing research for any thing all they are after is just the hype and trend to benefit them that all. They get in when they feel its time then get out with the little profit and in some cases, they are trapped in. Although it is a total ignorance of them to knowing how the system works as they fail to do their own personal research to have knowledge of the process.
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I do the usual routine that I do and I like drinking some beverages, coffee, teas, etc. That relieves the stress that I am feeling with the market so, that's how I am able to skip the market when it is bleeding. And whenever I have some money to spend, I don't mind putting a part of it simply buying more like BTC and other altcoins that I want to hold. I understand that with little, you also get little rewards but the discipline that it creates is very progressive as an investor and giving me that personal achievement and satisfaction.
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I do the usual routine that I do and I like drinking some beverages, coffee, teas, etc. That relieves the stress that I am feeling with the market so, that's how I am able to skip the market when it is bleeding. And whenever I have some money to spend, I don't mind putting a part of it simply buying more like BTC and other altcoins that I want to hold. I understand that with little, you also get little rewards but the discipline that it creates is very progressive as an investor and giving me that personal achievement and satisfaction.
When we see the market conditions are not good, we can do what we like, maybe playing guitar or relaxing with family by drinking coffee or tea to relieve stress because of the market. Sometimes I also do that when the market is bad and I can't trade, I will go and wait until the market gets better.
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Naturally, there are those who are not patient, they want everything done quick and for them to always be on the safe and profiting side of everything. These set of people do not bother about doing research for any thing all they are after is just the hype and trend to benefit them that all. They get in when they feel its time then get out with the little profit and in some cases, they are trapped in. Although it is a total ignorance of them to knowing how the system works as they fail to do their own personal research to have knowledge of the process.
Before going into bitcoin investment, it is important to note that it is not. It gets rich, quick scheme, and by having this consciousness, you will be able to make more realistic decisions concerning your investment. Those who think that bitcoin is an investment that one can just go in and come out without properly analyzing and evaluating the markets and the underlying risk thereby only relying on hypes, They often get into more trouble than those who base their decision on critical analysis, and following the market trends.
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Naturally, there are those who are not patient, they want everything done quick and for them to always be on the safe and profiting side of everything. These set of people do not bother about doing research for any thing all they are after is just the hype and trend to benefit them that all. They get in when they feel its time then get out with the little profit and in some cases, they are trapped in. Although it is a total ignorance of them to knowing how the system works as they fail to do their own personal research to have knowledge of the process.
Before going into bitcoin investment, it is important to note that it is not. It gets rich, quick scheme, and by having this consciousness, you will be able to make more realistic decisions concerning your investment. Those who think that bitcoin is an investment that one can just go in and come out without properly analyzing and evaluating the markets and the underlying risk thereby only relying on hypes, They often get into more trouble than those who base their decision on critical analysis, and following the market trends.
People with such thought are those who were told about bitcoin and were not properly enlightened on how the process works. They think bitcoin would just generate income for them once they buy a portion or fraction of it as an investment just like a fixed deposit were you just put your money and it starts reading for you pending when you want to withdraw as stipulated or like someone who bought a landed property in a particular location waiting for it to appreciate in price value on the long run as the place begins to develop which is not so in bitcoin. They fail to understand the technicalities behind and this makes them take the wrong step in their bitcoin investment.
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People with such thought are those who were told about bitcoin and were not properly enlightened on how the process works. They think bitcoin would just generate income for them once they buy a portion or fraction of it as an investment just like a fixed deposit were you just put your money and it starts reading for you pending when you want to withdraw as stipulated or like someone who bought a landed property in a particular location waiting for it to appreciate in price value on the long run as the place begins to develop which is not so in bitcoin. They fail to understand the technicalities behind and this makes them take the wrong step in their bitcoin investment.
Bitcoin’s volatile nature distinguishes it from other forms of investment, thus the need to develop of come up with an effective technique to use while investing because the failure to follow an effective strategy would endanger your finances. I’ve come to understand that every form of investment has their own very technique that works well with it and Bitcoin isn’t an exception at all.
Investing in Bitcoin isn’t all that difficult, and it shouldn’t be that dangerous if you really understand how it works and how to approach it. You are right that failure to understand the technicalities of Bitcoin could result to making the wrong decisions, thereby causing financial losses.
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I do the usual routine that I do and I like drinking some beverages, coffee, teas, etc. That relieves the stress that I am feeling with the market so, that's how I am able to skip the market when it is bleeding. And whenever I have some money to spend, I don't mind putting a part of it simply buying more like BTC and other altcoins that I want to hold. I understand that with little, you also get little rewards but the discipline that it creates is very progressive as an investor and giving me that personal achievement and satisfaction.
When the market is sluggish, there is actually no special ritual that I do, I just do my usual activities. Oh, maybe I will avoid looking at the portfolio a little because usually when our assets decline it makes our mood a little bad. Lol
When I make periodic purchases, I just look at the price and then buy it, after that I go back to my usual activities. Because usually I also get information when the market starts to improve.
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I do the usual routine that I do and I like drinking some beverages, coffee, teas, etc. That relieves the stress that I am feeling with the market so, that's how I am able to skip the market when it is bleeding. And whenever I have some money to spend, I don't mind putting a part of it simply buying more like BTC and other altcoins that I want to hold. I understand that with little, you also get little rewards but the discipline that it creates is very progressive as an investor and giving me that personal achievement and satisfaction.
When the market is sluggish, there is actually no special ritual that I do, I just do my usual activities. Oh, maybe I will avoid looking at the portfolio a little because usually when our assets decline it makes our mood a little bad. Lol
When I make periodic purchases, I just look at the price and then buy it, after that I go back to my usual activities. Because usually I also get information when the market starts to improve.
good advice, when the market is sluggish we should leave the crypto market and do activities to forget the market conditions at that time because it will make our mood bad if we are still there.
I usually do other activities such as going to the fields and planting fruitful plants or doing hobbies such as playing guitar accompanied by a cup of coffee.
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People with such thought are those who were told about bitcoin and were not properly enlightened on how the process works. They think bitcoin would just generate income for them once they buy a portion or fraction of it as an investment just like a fixed deposit were you just put your money and it starts reading for you pending when you want to withdraw as stipulated or like someone who bought a landed property in a particular location waiting for it to appreciate in price value on the long run as the place begins to develop which is not so in bitcoin. They fail to understand the technicalities behind and this makes them take the wrong step in their bitcoin investment.
Bitcoin’s volatile nature distinguishes it from other forms of investment, thus the need to develop of come up with an effective technique to use while investing because the failure to follow an effective strategy would endanger your finances. I’ve come to understand that every form of investment has their own very technique that works well with it and Bitcoin isn’t an exception at all.
Investing in Bitcoin isn’t all that difficult, and it shouldn’t be that dangerous if you really understand how it works and how to approach it. You are right that failure to understand the technicalities of Bitcoin could result to making the wrong decisions, thereby causing financial losses.
You are right when it comes to time and season of investment. Many investment or businesses have their time and season to shine likewise bitcoin little wonder we have the bear and the bull market which if as a newbie, you fail to do your research you could not understand most of the reasons and meanings behind such words and how they came about.
The volatility alone is what should warrant a further research to get proper understanding of how the system works so that you do not take the wrong investment step while investing as a bitcoin holder. Understanding the technique of a business would properly help an investor to understudy the market conditions as it occurs seasonally and the trends and pattern at which it takes form of to know when to take position. Doing this would further forestall any form of losses that may occur in the future since the investor is fully equipped with the knowledge required in the business.
Investing in bitcoin is not that difficult to do.
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You are right when it comes to time and season of investment. Many investment or businesses have their time and season to shine likewise bitcoin little wonder we have the bear and the bull market which if as a newbie, you fail to do your research you could not understand most of the reasons and meanings behind such words and how they came about.
The volatility alone is what should warrant a further research to get proper understanding of how the system works so that you do not take the wrong investment step while investing as a bitcoin holder. Understanding the technique of a business would properly help an investor to understudy the market conditions as it occurs seasonally and the trends and pattern at which it takes form of to know when to take position. Doing this would further forestall any form of losses that may occur in the future since the investor is fully equipped with the knowledge required in the business.
Investing in bitcoin is not that difficult to do.
All you've said is absolutely correct. Dedicating time to study about Bitcoin and upcoming trends gives an investor the advantage to always be ahead of the market. I've come to understand that Bitcoin investment happens to be one of the most easiest and most profitable markets to invest in, but this is only when you're familiar with the market, when you know the right place to seek information and when you know what to do with that information, how to apply it to your investment to aid you in making better investment choices. Always staying updated with the latest happenings and news about crypto is the secret, most investors are too lazy to do researches or seek information, so they just depend on other investor's speculations, without really minding if they're right or wrong, and when things go bazaar, they look for who to blame.
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You are right when it comes to time and season of investment. Many investment or businesses have their time and season to shine likewise bitcoin little wonder we have the bear and the bull market which if as a newbie, you fail to do your research you could not understand most of the reasons and meanings behind such words and how they came about.
The volatility alone is what should warrant a further research to get proper understanding of how the system works so that you do not take the wrong investment step while investing as a bitcoin holder. Understanding the technique of a business would properly help an investor to understudy the market conditions as it occurs seasonally and the trends and pattern at which it takes form of to know when to take position. Doing this would further forestall any form of losses that may occur in the future since the investor is fully equipped with the knowledge required in the business.
Investing in bitcoin is not that difficult to do.
All you've said is absolutely correct. Dedicating time to study about Bitcoin and upcoming trends gives an investor the advantage to always be ahead of the market. I've come to understand that Bitcoin investment happens to be one of the most easiest and most profitable markets to invest in, but this is only when you're familiar with the market, when you know the right place to seek information and when you know what to do with that information, how to apply it to your investment to aid you in making better investment choices. Always staying updated with the latest happenings and news about crypto is the secret, most investors are too lazy to do researches or seek information, so they just depend on other investor's speculations, without really minding if they're right or wrong, and when things go bazaar, they look for who to blame.
BTC is the easiest because many people and institutions have already put so much skin on it.
You can't miss with BTC and you never will.
It's always a great time to invest / learn more about it.
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I do the usual routine that I do and I like drinking some beverages, coffee, teas, etc. That relieves the stress that I am feeling with the market so, that's how I am able to skip the market when it is bleeding. And whenever I have some money to spend, I don't mind putting a part of it simply buying more like BTC and other altcoins that I want to hold. I understand that with little, you also get little rewards but the discipline that it creates is very progressive as an investor and giving me that personal achievement and satisfaction.
When the market is sluggish, there is actually no special ritual that I do, I just do my usual activities. Oh, maybe I will avoid looking at the portfolio a little because usually when our assets decline it makes our mood a little bad. Lol
When I make periodic purchases, I just look at the price and then buy it, after that I go back to my usual activities. Because usually I also get information when the market starts to improve.
good advice, when the market is sluggish we should leave the crypto market and do activities to forget the market conditions at that time because it will make our mood bad if we are still there.
I usually do other activities such as going to the fields and planting fruitful plants or doing hobbies such as playing guitar accompanied by a cup of coffee.
It's buy, hold, and forget about the rest not without the reason ;D If the assets or coins you've got are reliable, no matter what corrections they may face, in the long run, you are in a good spot.
And you shouldn't ruin the said good spot.
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You are right when it comes to time and season of investment. Many investment or businesses have their time and season to shine likewise bitcoin little wonder we have the bear and the bull market which if as a newbie, you fail to do your research you could not understand most of the reasons and meanings behind such words and how they came about.
The volatility alone is what should warrant a further research to get proper understanding of how the system works so that you do not take the wrong investment step while investing as a bitcoin holder. Understanding the technique of a business would properly help an investor to understudy the market conditions as it occurs seasonally and the trends and pattern at which it takes form of to know when to take position. Doing this would further forestall any form of losses that may occur in the future since the investor is fully equipped with the knowledge required in the business.
Investing in bitcoin is not that difficult to do.
BTC's volatility is both its curse and blessing.
You can use it to your advantage knowing fully well that the market has so much skin and faith put into it, alongside other big entities.
Or you can get your bags off of yourself only when the rally begins.
It's your call and your responsibility to do the research needed.
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BTC is the easiest because many people and institutions have already put so much skin on it.
You can't miss with BTC and you never will.
It's always a great time to invest / learn more about it.
That’s true, it’s not possible to miss with Bitcoin. Just have the right mindset and the right strategy and approach that aligns well with you financial goals. Many investors miss it simply because they fail to identify their financial goals and then they end up making decisions based on another investor’s financial goals and plans, and this sometimes can cause some complications, messing up your financial plans and may likely lead to financial ruins due to impulsive decision making.
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BTC is the easiest because many people and institutions have already put so much skin on it.
You can't miss with BTC and you never will.
It's always a great time to invest / learn more about it.
It is true that Bitcoin is a compelling product because of the backing that various parties have put into it. This is because its operation has resulted to it being among the leading assets hence knowing full well that it is more stable than other floating assets. For entry or intermediate knowledge seekers in the crypto world, Bitcoin is, of course, always there to provide a good chance for them. Every day I also think that every time is an awesome time to learn more about Bitcoin and to use it for the good.
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You are right when it comes to time and season of investment. Many investment or businesses have their time and season to shine likewise bitcoin little wonder we have the bear and the bull market which if as a newbie, you fail to do your research you could not understand most of the reasons and meanings behind such words and how they came about.
The volatility alone is what should warrant a further research to get proper understanding of how the system works so that you do not take the wrong investment step while investing as a bitcoin holder. Understanding the technique of a business would properly help an investor to understudy the market conditions as it occurs seasonally and the trends and pattern at which it takes form of to know when to take position. Doing this would further forestall any form of losses that may occur in the future since the investor is fully equipped with the knowledge required in the business.
Investing in bitcoin is not that difficult to do.
All you've said is absolutely correct. Dedicating time to study about Bitcoin and upcoming trends gives an investor the advantage to always be ahead of the market. I've come to understand that Bitcoin investment happens to be one of the most easiest and most profitable markets to invest in, but this is only when you're familiar with the market, when you know the right place to seek information and when you know what to do with that information, how to apply it to your investment to aid you in making better investment choices. Always staying updated with the latest happenings and news about crypto is the secret, most investors are too lazy to do researches or seek information, so they just depend on other investor's speculations, without really minding if they're right or wrong, and when things go bazaar, they look for who to blame.
Many investors fail to seek for knowledge of their investment before they dabble into it and when such happens, they begin to cry foul when it happens that they are at fault. I believe every business is easy but only your understanding towards it that matters and that would serve as a guide for the investor to be able to scale through the hurdles and success of the business.
Bitcoin is very easy to invest in Just as you've said that one needs to understand the market situation and also get farmiliar with the trends and constantly updating your knowledge then you will always be in the know of what an is happening and next line of action for your investment as it relates to the trends.
Some people still depend on people for updates till this moment. I have a friend who has sophisticated gadgets that could serve him much better for information, research and updates but the guy still calls me till date to know about Bitcoin development which he could just google and get knowledge about. Although it's not a problem with me because I guide him through but to some extent one can be able to do things by themselves.
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Some people still depend on people for updates till this moment. I have a friend who has sophisticated gadgets that could serve him much better for information, research and updates but the guy still calls me till date to know about Bitcoin development which he could just google and get knowledge about. Although it's not a problem with me because I guide him through but to some extent one can be able to do things by themselves.
It’s always better to do things by yourself especially when it comes to Krypto currency investment call mom because this is the only way that you get to develop your own strategy by yourself. A strategy that works well and I’m lying with your personal financial goal. Always depending on other investors, predictions and speculations can sometimes counter your personal financial goals because when investors financial goals may likely differ from the others, therefore causing a complication.
It’s a lot more understandable when you’re still new and have absolutely no knowledge about cryptocurrency, but In the long run, you need to quit depending on others and come up with your own personal strategy does suits well with your personal financial goals after discovering what those goals really are In the long run, you need to quit depending on others and come up with your own personal strategy does suits well with your personal financial goals after discovering what those goals really are
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BTC is the easiest because many people and institutions have already put so much skin on it.
You can't miss with BTC and you never will.
It's always a great time to invest / learn more about it.
That’s true, it’s not possible to miss with Bitcoin. Just have the right mindset and the right strategy and approach that aligns well with you financial goals. Many investors miss it simply because they fail to identify their financial goals and then they end up making decisions based on another investor’s financial goals and plans, and this sometimes can cause some complications, messing up your financial plans and may likely lead to financial ruins due to impulsive decision making.
In making decisions we must have a mature plan and must be in accordance with the initial plan. For example, if we have bought bitcoin and plan to hold it for the long term, we should stay calm and not make decisions that are contrary to the initial plan.
Many people make decisions not based on clear thinking so they regret it.
I always have a plan and strategy in investing and I don't easily change or make decisions to change my mind in the middle of the road.
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Many people make decisions not based on clear thinking so they regret it.
I always have a plan and strategy in investing in bitcoin is altcoin and I don't easily change or make decisions to change my mind in the middle of the road.
You’re absolutely right that one needs to develop their own personal strategy because that’s the only way you’ll be able to fully depend on yourself whenever you encounter any situation in the market. Again, only you can discover the strategy that suite well with you investment goal and then adopt it, because having a strategy that doesn’t align with you own personal financial goals may cause some sort of complications in your journey.
But! I’m yet to understand what you mean by “Altcoin being your strategy in investing in Bitcoin”
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Many people make decisions not based on clear thinking so they regret it.
I always have a plan and strategy in investing in bitcoin is altcoin and I don't easily change or make decisions to change my mind in the middle of the road.
You’re absolutely right that one needs to develop their own personal strategy because that’s the only way you’ll be able to fully depend on yourself whenever you encounter any situation in the market. Again, only you can discover the strategy that suite well with you investment goal and then adopt it, because having a strategy that doesn’t align with you own personal financial goals may cause some sort of complications in your journey.
But! I’m yet to understand what you mean by “Altcoin being your strategy in investing in Bitcoin”
Everyone has their own strategy adjusted to their ability and capacity in investing. many strategies are used even though sometimes we take the wrong strategy, but from that mistake we can learn to improve the appropriate strategy.
I also do not share my strategy with others, because I am afraid of being blamed if they experience a loss.
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You are right when it comes to time and season of investment. Many investment or businesses have their time and season to shine likewise bitcoin little wonder we have the bear and the bull market which if as a newbie, you fail to do your research you could not understand most of the reasons and meanings behind such words and how they came about.
The volatility alone is what should warrant a further research to get proper understanding of how the system works so that you do not take the wrong investment step while investing as a bitcoin holder. Understanding the technique of a business would properly help an investor to understudy the market conditions as it occurs seasonally and the trends and pattern at which it takes form of to know when to take position. Doing this would further forestall any form of losses that may occur in the future since the investor is fully equipped with the knowledge required in the business.
Investing in bitcoin is not that difficult to do.
All you've said is absolutely correct. Dedicating time to study about Bitcoin and upcoming trends gives an investor the advantage to always be ahead of the market. I've come to understand that Bitcoin investment happens to be one of the most easiest and most profitable markets to invest in, but this is only when you're familiar with the market, when you know the right place to seek information and when you know what to do with that information, how to apply it to your investment to aid you in making better investment choices. Always staying updated with the latest happenings and news about crypto is the secret, most investors are too lazy to do researches or seek information, so they just depend on other investor's speculations, without really minding if they're right or wrong, and when things go bazaar, they look for who to blame.
BTC is the easiest because many people and institutions have already put so much skin on it.
You can't miss with BTC and you never will.
It's always a great time to invest / learn more about it.
As what we say, it's too big to fall right now, almost all of the money are into Bitcoin, just look at the dominance right now, it's close 60%. So it could be stressful at times to see the price going down hard.
But for me, I just stay relax and doesn't want to stress of to much thinking. Later on, we all know that the price is going to normalized or at least make good run and that's what we have been seeing right now.
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Everyone has their own strategy adjusted to their ability and capacity in investing. many strategies are used even though sometimes we take the wrong strategy, but from that mistake we can learn to improve the appropriate strategy.
I also do not share my strategy with others, because I am afraid of being blamed if they experience a loss.
There’s absolutely nothing wrong with sharing your strategy even if it may end in loss, just that you’ll need to first of all let the person know that no strategy guarantees success and neither can any strategy also completely losses, so when/if they ever decide to make use of your own strategy, then they’ll know they’re doing so, completely at their own risk and if eventually things go bazaar, no one is going to blame you for giving them a strategy that led them to losses.
Because I’m pretty sure before you adopted that strategy your own personal strategy means that you find it to be quite effective and it suits pretty well with your personal financial goals, so it’s not your fault that it doesn’t suit someone else’s goals.
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Everyone has their own strategy adjusted to their ability and capacity in investing. many strategies are used even though sometimes we take the wrong strategy, but from that mistake we can learn to improve the appropriate strategy.
I also do not share my strategy with others, because I am afraid of being blamed if they experience a loss.
There’s absolutely nothing wrong with sharing your strategy even if it may end in loss, just that you’ll need to first of all let the person know that no strategy guarantees success and neither can any strategy also completely losses, so when/if they ever decide to make use of your own strategy, then they’ll know they’re doing so, completely at their own risk and if eventually things go bazaar, no one is going to blame you for giving them a strategy that led them to losses.
Because I’m pretty sure before you adopted that strategy your own personal strategy means that you find it to be quite effective and it suits pretty well with your personal financial goals, so it’s not your fault that it doesn’t suit someone else’s goals.
sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
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Everyone has their own strategy adjusted to their ability and capacity in investing. many strategies are used even though sometimes we take the wrong strategy, but from that mistake we can learn to improve the appropriate strategy.
I also do not share my strategy with others, because I am afraid of being blamed if they experience a loss.
There’s absolutely nothing wrong with sharing your strategy even if it may end in loss, just that you’ll need to first of all let the person know that no strategy guarantees success and neither can any strategy also completely losses, so when/if they ever decide to make use of your own strategy, then they’ll know they’re doing so, completely at their own risk and if eventually things go bazaar, no one is going to blame you for giving them a strategy that led them to losses.
Because I’m pretty sure before you adopted that strategy your own personal strategy means that you find it to be quite effective and it suits pretty well with your personal financial goals, so it’s not your fault that it doesn’t suit someone else’s goals.
sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
I am also in a full concurrence with your assertion that while sharing strategies it would be advisable to help those that are ready to accept a move as much as being ready for all the permutations thereof. When we give advice or signals, of course we want this good intention to be appreciated without a burden if the results are not as expected. Sometimes it is better not to think too much about others’ journeys but to be sure that every step you make is an informed one and not because somebody told you so. In that manner, we can still go on nurturing the relationship we have, carry on doing what we are given without coming across as a nuisance, and as importantly allow ourselves and others to make mistakes in order to learn.
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I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,
I'm curious, what will you do to avoid stress due to unexpected market movements??
I am pretty sure that is quite a profit now, dude, and congratulations if you were able to save bitcoin and buy it at a low price compared to its price now that its price has been raised quite a lot in the market at the moment.
I'm now more on altcoins that are on the top listing in the market anyway; in bitcoin it's not that big of an amount, but it's fine as long as
I save as long as there's an opportunity.
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
the key here is to just never give advice unprompted i will only share advice if asked but otherwise why would i direct them somewhere even i am not sure of? even if i feel confident with my own decisions i will not impose to someone else lest i get blamed at the end and i do understand that beginners might feel skeptical at first but they need to make their own decisions based on their assessment of the market this is the only way they can learn
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
the key here is to just never give advice unprompted i will only share advice if asked but otherwise why would i direct them somewhere even i am not sure of? even if i feel confident with my own decisions i will not impose to someone else lest i get blamed at the end and i do understand that beginners might feel skeptical at first but they need to make their own decisions based on their assessment of the market this is the only way they can learn
Good comment and I agree with your comment, we should only give advice if asked, if not asked there is no need to share or influence others to follow our wishes. because if our advice about predictions or analysis is wrong we will be blamed by them.
so all this time I've been better off keeping quiet and just being a silent rider.
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
That’s very true, people tend to blame the traders they copy from whenever there are losses, without realizing that there’s no trader on earth that can actually offer accurate analysis about the market. The market is so unpredictable and not even those that appears to be expert traders are immune to the unpredictability of the market and that’s why we should first of all, remind those who request us to share our analysis with them, that your analysis are not accurate, so they’ll have it in mind that they’re responsible for any single loss they encounter in the course of trading.
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
Sharing strategy is not a bad idea though but who you are sharing it with matters alot. Is the person matured enough to utilise the signal and strategy to their advantage. Is the person knowledge enough to handle situations when they arise. Is the person well groomed enough to face the market reality are all the necessary thoughts that we ought to ponder over before doing such so as to avoid being called out or stressed when such an encounter arises that they could not be able to manage what they have been exposed to.
This reasons some people decide to not give out information so as to protect themselves the stress of wanting to explain themselves to people who can not really be able to withstand what they've really been through in the industry. Although there's nothing bad in sharing information but choose who to share the information with.
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
That’s very true, people tend to blame the traders they copy from whenever there are losses, without realizing that there’s no trader on earth that can actually offer accurate analysis about the market. The market is so unpredictable and not even those that appears to be expert traders are immune to the unpredictability of the market and that’s why we should first of all, remind those who request us to share our analysis with them, that your analysis are not accurate, so they’ll have it in mind that they’re responsible for any single loss they encounter in the course of trading.
Well, The thing that one must understand is that no one can predict the market to perfection, and that people who lose, tend to blame the traders they follow. It is a market that is volatile to everyone including the old traders who do the business. Thus, let us continue thusly, explaining to those who ask for analysis that said analysis is no insurance. In this way, they will be aware that each move in trading is a personal liability especially the risks that can come about.
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Well, The thing that one must understand is that no one can predict the market to perfection, and that people who lose, tend to blame the traders they follow. It is a market that is volatile to everyone including the old traders who do the business. Thus, let us continue thusly, explaining to those who ask for analysis that said analysis is no insurance. In this way, they will be aware that each move in trading is a personal liability especially the risks that can come about.
That was indeed thoughtful.
No one is indeed immune to losses when it comes to trading, and besides, everyone should have their own person strategy that suits their own person goals, so even copying from a trader that you don’t even know his financial goals or situation is quite a risky thing to do at your own end, because before the next trader’s strategy can work well enough for you, just as it’s working for him, your financial goals needs to be the same.
This is the part that new traders who come into the space and maybe needs to copy from other traders do not really realize, and the sooner they know this the better for everyone. But yeah it’s our duty to educate them thoroughly whenever we come in contact with them or when they wish to copy from our trades because that’s the only logical thing to do, keep educating them until they learn and can be able to stand on their own and also tailor our and develop their own personal strategies.
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Well, The thing that one must understand is that no one can predict the market to perfection, and that people who lose, tend to blame the traders they follow. It is a market that is volatile to everyone including the old traders who do the business. Thus, let us continue thusly, explaining to those who ask for analysis that said analysis is no insurance. In this way, they will be aware that each move in trading is a personal liability especially the risks that can come about.
Actually, the latest thing on exchanges, called copy trade, is ruining people's lives. New people are coming into the crypto space, and they are using features of exchanges that look too good. People see that other traders making hundred thousand dollars a day and they want to follow some specific traders. But people do not understand how they do it. What is the size of a trader they will follow, and if they have a similar amount of funds?
I cannot copy a trade from a trader who opened a million-dollar position while I have a hundred dollars in my account. People still open positions. A little market movement liquidates them while their idol trader survives because they have a bigger balance to cover these movements. Instead of learning how to do it properly, people are trying to rely on online mentors.
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
That’s very true, people tend to blame the traders they copy from whenever there are losses, without realizing that there’s no trader on earth that can actually offer accurate analysis about the market. The market is so unpredictable and not even those that appears to be expert traders are immune to the unpredictability of the market and that’s why we should first of all, remind those who request us to share our analysis with them, that your analysis are not accurate, so they’ll have it in mind that they’re responsible for any single loss they encounter in the course of trading.
yes that's what always happens, people will blame other people they follow for experiencing losses even though when they share information or predictions they definitely say DWYOR, but the followers don't care and tend to always blame.
that's what makes many people lazy to share because it's not wise to blame others because we are not careful in following them.
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sharing strategies to others I think we should choose the right people because it is feared that later if they fail they will blame us. I am actually lazy to share about strategies or signals because many people complain when there is a loss, it is better for us to always focus on ourselves rather than being blamed by others.
That’s very true, people tend to blame the traders they copy from whenever there are losses, without realizing that there’s no trader on earth that can actually offer accurate analysis about the market. The market is so unpredictable and not even those that appears to be expert traders are immune to the unpredictability of the market and that’s why we should first of all, remind those who request us to share our analysis with them, that your analysis are not accurate, so they’ll have it in mind that they’re responsible for any single loss they encounter in the course of trading.
yes that's what always happens, people will blame other people they follow for experiencing losses even though when they share information or predictions they definitely say DWYOR, but the followers don't care and tend to always blame.
that's what makes many people lazy to share because it's not wise to blame others because we are not careful in following them.
All of us have a responsibility of making every decision on our own without fully delegating the process to other people. When we receive information or predictions from others, it is okay for someone to do so for our benefit in goodwill, however the overall responsibility lies with us to verify its correctness and ensure that the action made is in line with our requirements and conditions. In this way, if we can respect this process and appreciate what has to be done, then we are creating an environment in which to share experience or tips can be the best idea for everybody.
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yes that's what always happens, people will blame other people they follow for experiencing losses even though when they share information or predictions they definitely say DWYOR, but the followers don't care and tend to always blame.
that's what makes many people lazy to share because it's not wise to blame others because we are not careful in following them.
Sometimes this whole situation is mostly caused by how they portray these copy trading shits online. I see a lot of ads about copy trading, that all you need to do is just copy the trade of a professional and then you start making easy profits from the experience and knowledge of others for free. I’ve seen many people falling for that crap. When newbie traders go into the market with this mentality, without actually doing their own research, they tend to expect nothing but daily profits as they saw on he ads. And when they start experiencing losses, they begin to blame the traders, rather than the creator of those ads.
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All of us have a responsibility of making every decision on our own without fully delegating the process to other people. When we receive information or predictions from others, it is okay for someone to do so for our benefit in goodwill, however the overall responsibility lies with us to verify its correctness and ensure that the action made is in line with our requirements and conditions. In this way, if we can respect this process and appreciate what has to be done, then we are creating an environment in which to share experience or tips can be the best idea for everybody.
I agree, we should have our own analysis and predictions. We can listen to other people's opinions or share analysis with others but the risk is borne by ourselves. In trading and investing I always do my own research and analysis, and other people's opinions are only heard and cannot influence my decisions.
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All of us have a responsibility of making every decision on our own without fully delegating the process to other people. When we receive information or predictions from others, it is okay for someone to do so for our benefit in goodwill, however the overall responsibility lies with us to verify its correctness and ensure that the action made is in line with our requirements and conditions. In this way, if we can respect this process and appreciate what has to be done, then we are creating an environment in which to share experience or tips can be the best idea for everybody.
I agree, we should have our own analysis and predictions. We can listen to other people's opinions or share analysis with others but the risk is borne by ourselves. In trading and investing I always do my own research and analysis, and other people's opinions are only heard and cannot influence my decisions.
The trade or investment decision is fully our own responsibility therefore one should always research information on one’s own. While it is good to hear from other people what they have to say, it should not be the last decision you make. The threats which are associated with each process are what we have to consider and recognising data and markets is something, the absence of which we cannot make up for. Thus, we keep the vector working in our hands with no complete subjection to the opinions made outside.
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All of us have a responsibility of making every decision on our own without fully delegating the process to other people. When we receive information or predictions from others, it is okay for someone to do so for our benefit in goodwill, however the overall responsibility lies with us to verify its correctness and ensure that the action made is in line with our requirements and conditions. In this way, if we can respect this process and appreciate what has to be done, then we are creating an environment in which to share experience or tips can be the best idea for everybody.
It will indeed be a great idea or development to have an environment where sharing knowledge or strategy wouldn’t be seen as a really big deal. Copying someone’s trade isn’t such a bad thing, on he contrary, it has several advantages, especially to the newbies who has little or no experience about the market and/but wish to grow in experience , copying the person’s trades can be a very effective way of learning the person’s tips and strategies without necessarily having to take a trading course (for those who can’t afford one) or something. and it’ll be part of his lessons to know that losses are inevitably an essential aspect of the trading world.
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All of us have a responsibility of making every decision on our own without fully delegating the process to other people. When we receive information or predictions from others, it is okay for someone to do so for our benefit in goodwill, however the overall responsibility lies with us to verify its correctness and ensure that the action made is in line with our requirements and conditions. In this way, if we can respect this process and appreciate what has to be done, then we are creating an environment in which to share experience or tips can be the best idea for everybody.
I agree, we should have our own analysis and predictions. We can listen to other people's opinions or share analysis with others but the risk is borne by ourselves. In trading and investing I always do my own research and analysis, and other people's opinions are only heard and cannot influence my decisions.
Possessing your own analysis and plan of action is a very crucial move when dealing in the world of trading and investment. If we use the existing information as a base, we can build the understanding of the market situation without undue deference to other people’s perception. Of course there is always an opportunity to hear other positions but the decisive word is still ours. As it is, the outcome whether in terms of profit from the operations or operations in terms of risk assumed is fully our responsibility.
Developing a habit of doing independent work and analysis does not only strengthens our confidence but it also enables us to identify patterns of the overall market which corresponds to our personal stegan & strategic plan of operation. This means that every action we are involved eventually forms part of our learning, until we create synchronicity and make the right decisions in relation to our set objectives. With this kind of standard, the process of learning in trading and investing will be more specific and productive.