Don't be in a Rush

[Jamal Aezaz]

Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.

A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.

If you have knowledge then using your mental thoughts will not require more energy but if you don't know about your desire field then the power of thinking will not work accurately. Physical activity does not need concentration so you can do any physical activity without concentrating on it but making a decision will need focusing on the exact planning without doing any other activity.

Calm mind means here that a person should not decide aggressively because only patience and calm mind can makes you able to decide accurately and if someone has calm mind then they will not regret for their act because all they do needs time and they decide after thinking completely about current situations and future outcome.

[alltalk]

Many beginners think so, even as if trading is easy, just buy cheap and sell at expensive prices.
But in fact it is not that simple, there are many obstacles that will occur, one of which is knowledge about how to analyze the market and untrained mentality.

Indeed. It is not as simple as the newbies think.
Even if it is easy in theory, it is sometimes difficult in implementation.
Those newbies who have luck of knowledge and experiences, they don't know how to do it properly.

Untrained and inexperienced metals mental will be more prone to panic when the crypto market plummets, and at this point the mentality will be greatly affected. It only occurred to me to sell it quickly as the price continued to fall.

Of course, when they have no experience and lack of knowledge, they will have weak mentality. That's why many newbies easily panic when they see a dump in the prices. And they are too greedy when they see the prices easily grow up.

People who learn years about trading will also not be a guarantee they will understand and be smart in trading.
It is also about how they learn, know management and how they should control their emotions while trading.

Even if there is no guarantee, but they will have a higher chance to succeed. Having knowledge is a key to succeed, we can't rely on the luck in trading. Another factor is surely about the mentality, that's why we need to have experiences. With more experiences, it is expected to strengthen out mentality.

[Mr. Magkaisa]

It is definitely not that easy to predict, it takes time to make it work and I believe that we are going to end up with something that will challenge the whole market before we get to be calmer. I mean the reality is that we can't make it work any other way, a lot of people think that we could make some money off this, but the truth is that as long as the market doesn't calm down, we can't. I believe that we are going to go up, a lot higher, but that will not be anytime soon, the best we can see in short term would be 70k at best, but long term we could see 100k+ easily, and that bull run hasn't started just yet.

          -    It's hard to read the movement in the market; if the veterans or experts are still mistaking their technical and fundamental analysis on the trading chart, how about people like me who are not like them yet? That's why the key to the safest things that other traders do is long-term and DCA most of the time. 

Just don't let the uncontrollable emotions that are called because they really could wreck our assets in the end if we neglect them. If we are late in raising the price, that's all we can do and wait for the correction, that's all.

[$crypto$]

Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.

A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.

If you have knowledge then using your mental thoughts will not require more energy but if you don't know about your desire field then the power of thinking will not work accurately. Physical activity does not need concentration so you can do any physical activity without concentrating on it but making a decision will need focusing on the exact planning without doing any other activity.

Calm mind means here that a person should not decide aggressively because only patience and calm mind can makes you able to decide accurately and if someone has calm mind then they will not regret for their act because all they do needs time and they decide after thinking completely about current situations and future outcome.

Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.

When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.

[milewilda]

Yes, of course working using the brain requires us to have high concentration, and we also have to be mentally strong. Because if we don't, we will probably become stressed because we have to use our brains continuously.

A calm mind is also really needed when we trade, because if our mind is not calm then it will really affect our analysis and it will become chaotic. We must be able to make the atmosphere as comfortable as possible before trading.

If you have knowledge then using your mental thoughts will not require more energy but if you don't know about your desire field then the power of thinking will not work accurately. Physical activity does not need concentration so you can do any physical activity without concentrating on it but making a decision will need focusing on the exact planning without doing any other activity.

Calm mind means here that a person should not decide aggressively because only patience and calm mind can makes you able to decide accurately and if someone has calm mind then they will not regret for their act because all they do needs time and they decide after thinking completely about current situations and future outcome.

Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.

When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.

Everything is too much would really be always bad but its true that we should really be quick on our decisions but not on the sense that it would really be that too quick but forgetting something on which we know that it isnt really that recommended. This isnt really just that applicable on online investment or dealings but also in other aspects in life on which you would really be needing to think up carefully on the decisions be made. You should really know about the risk:reward ratio as always or simply about the things that it is really connected or could possibly happen.

[UNIVERSE]

-    It's hard to read the movement in the market; if the veterans or experts are still mistaking their technical and fundamental analysis on the trading chart, how about people like me who are not like them yet? That's why the key to the safest things that other traders do is long-term and DCA most of the time.

What movement? 
If you mean the trends on the market, it will always change.
However, we can predict the change by analyzing some factors. We can analyze chart patterns and current news/issues at least. By analyzing these factors, we can understand what probably will happen or what trends possibly comes in the near future. I think it is common knowledge that every investor/trader should have. Yes, most people mostly know them with the term of technical and fundamental analysis.

Regarding DCA, it is another matter. We know this is one of the strategies in collecting more coins in a long term investment. If we have no much funds, we can do DCA to gain our assets gradually. Many people use this strategy due to the effectiveness in gaining assets although having limited funds only.

Read below why it is good to use DCA:
- https://uncommoncentsinvesting.com/financial-planning/10-benefits-of-dollar-cost-averaging/

[Captain Corporate]

People are mainly worried because we are seeing the price change a lot more often these days. Considering we are also beyond the halving now, most people are thinking that we are going to see bitcoin skyrocketing, because the bull runs usually happens after the halving so we are near those times. Which is why a lot of people are in a rush, some even took out a loan at some point when we reached all time high a few months ago, and that's a risky move that did not pay out very well so far. Basically, its the historical data that shows what may happen, and that makes some people rush into decisions.

[Hamza2424]

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .

Hmm, there's no doubt that this mindset is not going anywhere anytime, Becasue those who work from 9 to 5 and work hard to earn their livings when they hear about someone making millions by sitting in front of his home desk on his own time and mood they get impressed by the dream of this million is fed by the crypto social media influencers who are doing this for the sake of their own earnings, to attract more people and make them buy their course.

TBH, trading is not something a common person thinks I'm not saying it for chosen ones but not anyone can jump in and make money from it just like a piece of cake, it test personality, temperament, discipline skills, and luck as well.

[doc]

People are mainly worried because we are seeing the price change a lot more often these days. Considering we are also beyond the halving now, most people are thinking that we are going to see bitcoin skyrocketing, because the bull runs usually happens after the halving so we are near those times. Which is why a lot of people are in a rush, some even took out a loan at some point when we reached all time high a few months ago, and that's a risky move that did not pay out very well so far. Basically, its the historical data that shows what may happen, and that makes some people rush into decisions.

We should wait patiently because usually a bullish top will occur after the bitcoin halving, why are we rushing to hope that bitcoin will rise high.   suggests we start buying potential altcoins because we will also soon see altcoin season.   And one thing I don't agree with, taking loans to invest, it's very risky if you buy the wrong coins

[Jamal Aezaz]

Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.

When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.

All decisions which are made in a hurry are totally wrong because people don't give time to research and think therefore a decision which is formed without thinking for the future is not always accurate.

We should not be too lazy or too quick because both are risky but if we have knowledge and are confirmed about our decisions as well as its outcomes then there is no need to pretend as a lazy person but decide properly and move on.

Don't think about the spot but your thoughts should be for the long term as some individuals think immediately but they regret that in the long term.

[$crypto$]

Of course, when making decisions we are required to be calm and not rush. Indeed, we are required to make decisions quickly, but being quick doesn't mean being hasty, we have to understand the basic principles that will prevent us from regretting it later.

When we see an opportunity, we must first analyze whether the opportunity is for the long term, or just for a moment, which means there is price rejection, for example. So we have to understand all that.

All decisions which are made in a hurry are totally wrong because people don't give time to research and think therefore a decision which is formed without thinking for the future is not always accurate.

We should not be too lazy or too quick because both are risky but if we have knowledge and are confirmed about our decisions as well as its outcomes then there is no need to pretend as a lazy person but decide properly and move on.

Don't think about the spot but your thoughts should be for the long term as some individuals think immediately but they regret that in the long term.

It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.

Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.

[doc]

It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.

Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.

I do analysis when I have free time, this really takes time and focus.  Maybe some who are busy in the real world, are lazy to carry out analysis, they choose to buy safe coins such as bitcoin for long-term holding.  And beginners who don't do analysis, just read hype news, usually prefer hype coins, with weak fundamentals.  This is the wrong investment process, because the risk is big and we can lose our money.

[Jamal Aezaz]

It's true, we shouldn't be lazy in analyzing, because usually when analyzing it takes time, and if we are not patient enough in analyzing it then it will result in something that is not good for us.

Indeed, I will not deny that I also sometimes feel bored because I have to analyze the market and it takes a long time. But if we can control all of that, then it can be said that we have succeeded in fighting something bad within us.

We should have plans for both research and initiation of investment because if we spend more time on analyzing and start the process of analyzing during bull season then we will miss the chance to take profit from bull season because there is a specific timing at which we can buy easily and take profit during bull season.

We have to learn first and if we understand that now our knowledge is enough to give us profit then we have to participate in investment because we are not practically utilizing our knowledge then we will forget it. Market pump and dump should not be avoided as they are the real conditions at which we have to think differently and decide differently so keep checking on prices routinely.

[Captain Corporate]

To be fair I have to consider the fact that its not going to be normal for anyone to make any kind of money at all, its just not reasonable and I think it would definitely be not a good idea at all. I get that people like to make money as quickly as possible, but that doesn't mean that we are going to end up with some money, its just not going to happen at all. We need to realize that we can make some money when we know what we are doing, otherwise we are going to just end up losing everything we have. The best way is to take a step back and check how the market is going, and we could make money that way instead.

[Mr. Magkaisa]

-    It's hard to read the movement in the market; if the veterans or experts are still mistaking their technical and fundamental analysis on the trading chart, how about people like me who are not like them yet? That's why the key to the safest things that other traders do is long-term and DCA most of the time.

What movement? 
If you mean the trends on the market, it will always change.
However, we can predict the change by analyzing some factors. We can analyze chart patterns and current news/issues at least. By analyzing these factors, we can understand what probably will happen or what trends possibly comes in the near future. I think it is common knowledge that every investor/trader should have. Yes, most people mostly know them with the term of technical and fundamental analysis.

Regarding DCA, it is another matter. We know this is one of the strategies in collecting more coins in a long term investment. If we have no much funds, we can do DCA to gain our assets gradually. Many people use this strategy due to the effectiveness in gaining assets although having limited funds only.

Read below why it is good to use DCA:
- https://uncommoncentsinvesting.com/financial-planning/10-benefits-of-dollar-cost-averaging/

        -   Yes, you're right; the trend I'm referring to is what I'm talking about, and thanks for correcting me. I'm sorry, the term I used was wrong, mate. Thanks also for the source link you gave, mate, because this is still additional knowledge about DCA.

Although I have been applying this for the past few months, even though it has been delayed until now, I continue to do it because I know that it is an effective method for all short- and long-term holders of crypto assets in the field.