Bitcoin Forum

how to establish confidence in buying and selling altcoin because when looking at the price down and immediately want to sell even loss

I would rather choose confidence over loss, for lossing isn't an option to give up, rather be confident in everything you do till then you will achieve your goal.

If you want to make profits from cryotocurrency you need much patience and decision making ability at hard situation when the price falls.First you need to invest that amount that can be affordable to lose for you and then pick the coins which is already recognized by people so the chance of price getting crashed is lesser.If you pick the cheap coins then you may lose your investment.And make a goal price for your aoin and sell your coin when it reaches that price until hold your coin whatever happens in the market.

"You've never lost till you hit the sell button", your assets will naturally go up and down in price but until you actually sell them you havent actually lost or gained nothing, even when your portfolio is up 100% one day you still wont be any  richer unless you sell them so the same rules apply for both

thank you for your input hopefully we can achieve that goal

Don't be afraid to make loss remember experience is a great teacher that's why build much confidence of your self to achieve the utmost dreams in the near future

of course so but most losses due to impatient wait sometimes I also so because of mistakes invest all capital in 1 coin but now I try to leave the habit
Thank you for your advice

With my experiance I can say buy at low and then sleep for a few months, you will get good results. buy only real coins, do not buy ether tokens.

thank you very helpful advice away

thank you hope we can achieve that dream together

of course so sir and how about nxt how many months we will sleep ??
I am one of the victims of nxt

Don't be afraid of loss, its normal particularly that you are investing. Be patient and learn from your experience. You can't earn a lot if you stop believing on the coin you have invested.

thank you pack away the cell button when the price goes down and sleep then clay a few weeks or months and hopefully the coin is more expensive than the purchase price

The border is very thin between these events and no one will tell you finally what to do at the moment. It is necessary to have a lot of experience and a subtle sense and a little to understand how it will change after this event. So there are a lot of factors to make a decision.

Emotions have no place in trading, carefully choose the entry point into the market. Remember until not sold the coin you not received loss.

In trading it is good to have confidence but always remember that,the trend is your friend.Always don't try to trade against trend.if you do not control  your emotion then you will be loss all your amount.

thanks his advice sir very helpful

thank you keep away from the selling button if the price goes down

thank you need to further learn to read chart

Having a loss will always be a part on your trading journey, the first loss is hard to overcome and might destroy your confidence doing another trade but everyone has its share of losing in trading.

You just have to think positively when doing trade and dont think about the price drop, eventually as you do more trade you gain experience and your confidence will built up a long the way.

This isn`t about confidence, it`d about basic trading rules.... never sell in loss, buy low sell hy.
If you dont have the patience to do trading you will have a hard time because you will loose money.

I think you still need to build information. In addition, you have to have a full understanding of the projects you have held. If you have confidence in the project, hold it.

It just takes practice, start with smaller amounts and trading high volume coins and you're going to start understanding how and when to trade. It really just takes time for you to figure out how the trends of the market go, and it's not an exact science. Try reading through trading threads and seeing what people are thinking, that will ultimately help you get into the mind of master traders.

Then you are not ready to engage in Alt trading especially if its the coins that are rarely know because those kind of coins you are not sure of what will happen next. But trading is not for the soft minded but intelligent ones. Its a risk sometimes you benefit from it, at other times you fail from such. But the way out is to establish a stop point where if price should fall below, take a decision without second guessing yourself whether you made the right decision or not. Sometimes you win, at other times, you lose.

If you want to build faith, you need to know the white paper and technical route of the project, so you can hold altcoin.

this informartion is important for newbie like me, how to read situation when i want to buy or sell coin

Try to maintain a normal state of mind, ups and downs is normal.

Patient and confidence work together,if you are not confident in altcoins than you will sell at any cost especially when you have no good orientations on cryptocurrency. When you notice the prize going down or deprecating you will panic and sell,altcoins need patient and confident.Hold and be confident you will not run at loss.

Crypto markets are extremely volatile and can have huge up and down on any given day. In order to save myself from panic selling and buying, I try to follow the strategy of taking time for understanding the coin before investing. Once I put money on the coin, I keep it till the time I achieve my target. Remember that if the project is good it will bounceback again. Also investing only the amount you can afford to lose will allow you to hold when the value goes down.

If you're not confident about anything that you are selling or achieving then you'll probably ended up with a loss.  So i definitely would chose confident over loss. 

A good trading strategy is the right way to make money, and when prices go crazy, you should gradually sell some tokens, which is the right way to do it. If you want to hold it for a long time, you just need to put it in your local wallet and then delete all the relevant software.

You don't have to do that because in Cryptocurrency most of the coins that dumped all pump back higher than you bid so you don't lose anything but time for waiting.
Before you invest an Altcoin make sure you're confident in losing the amount because not all coins are rising up, and most of them will take a lot of time to recover.

Indeed, before investing try to search about the coin, their developers, staff team, media, community and other resources and most of all the price value history which can be seen in coinmarketcap.com.
Secondly, you must invest an amount that tolerable to lose because you can't sleep when you lose a lot of money like you lost in gambling.

That's the good point. If the coin that you invested dropped then the you can do is wait until it pumps and sell if you are confident enough and you earned then try to buy when it drops back.
Cryptocurrency Trading like ancient way of trading is buy low sell high style and most of people do the same in order to earn more profit.

If you are too emotional, you have no place in trading. Understand the main thing until you sell a coin that went down, you lost nothing. Hold!

If you work short term, taking a 10% loss is an everyday thing. But at the moment is quite difficult to go wrong in this inflated market where money is flowing to both good and bad projects.

There are many good sources of trading education out there. Not get rich schemes, but real trading courses that will teach you at least the basics to answer your question on case by case basis.

Investing on altcoins is seems consider as the one type of investment like you do on the share market movements. So that is the reason altcoins investors are being part of any trading site and keep on sell the coins when the find the growth with those coins.
Expect bitcoin and ethereum, almost all the cryptos has been sold in the certain time of holding that when the price bumps and sell it out when the value reduced.

Indeed, it's the best option if you don't want to lose your investment.
Some of the members here are investing the coins they got from bounty campaigns and try to divert into their favorite coins but some were not lucky and sometimes they face bad choices but that's alright, as long as we don't lose our hard earned money, that's ok

Remember the main rule is not to sell at a loss, wait for growth and do not panic like the whole market, then you will have success

Yeah, being nervous all the time is not a good trait in investment. Be confident on the coin you have investment, a loss is normal so expect to receive some and learn from it.

comfortable is good but should also have a realistic and flexible mind not just comfortable. being too comfortable sometimes makes you lose money.

I think in the crypto market the bitcoin is very famous and we have heard much rumors about bitcoin But i think it is my good luck that i am very confidence to invest in this currency and in the previous year i have received a good amount of profits and still i am holding a good worth of bitcoin and altcoin but i have never losses  any amount in the bitcoin investment because of the confidence over it.

In crypto currencies, to get profits in crypto market requires you a lot of risks and sometimes you  must accept the loss. You should be more patient and keep calm because as far as you know cryptocurrencies is notoriously volatile, it can go up and down and even stable immediately, we don’t foresee or predict accurately about it. Therefore you should think in positive way, when you feel comfortable and keep you in good mood, you can do everything well.

The knowledge you have on each coin you are invested in determine the level of your confidence! You might speculate or even take a wide guess about cryptocurrency prices but if you understand the tech, dev and the direction of your crypto, you are likely going to stick with your coin.

Patience is a very important thing I think. You should realize that the price will never be stable just because there are more factor that influence it. So you should keep the coins you have for a long term and wait patiently.

I think the best thing to do is to delete all the software related to the cryptocurrency, and then forget to buy altcoin, and sell them all next year.

Hodling is like having a mental toughness no matter how deep your digital coins market price goes. A good practice of hodling a digital currency is not looking at its price regularly for it may push you to sell it when you see its market value is so high or so low. Another way of hodling is locking your coins to a certain time before you open it or simply not thinking that you ever have a certain digital currency at all.   ;D

Whatever coin that you have is what it is. For example; 1 Eth is equal to 1 Eth.

Too many people think that every coin is worth something in dollars and it's just that.

I prefere confidence over loss. Always start investing in a small amount wherein if you loss, you bother it. And if you start to have profit and when you decide to cash out, re invest some parts and use others for you necessities. Just let your profit roll, with that, you won't feel loss if you already used the amount you invested. And if you loss, it won't hurt your butt because it was just the profit you rolled.

If you think like that, crypto trading is not for you.. Crypto market is harsh it can go up and high drastically in a short period of time. If you keep losing trades, maybe you should stop trading and hold coins instead.

Such things could only happen if we invest in altcoins without any analysis and on just seeing its price rising which probably may be due to pumping. Instead, if we had invested in the most under valued coin after analysis, then we could remain confident about our investment and need not worry about loss.

i think nobody can research all altcoin alone . so you need to choose some coin which you think potential, then follow the coin history ,announcement , visit their telegram group . read their road map and white paper . Then make confidence to invest and make a idea when the coin should to buy and create a buy order .if after filled your buy order price goes to down ,at this moment only patient is you best friend. just wait price will be high.

Prices for most actions go up and down at almost the same scheme. You need to become more experienced and learn how to get the information in short time.  You may use some bots to inform you or at least try to Google about what's going on before you sell anything.

If youre a short term trader have the confidence in what you do. Dont sell them if youre going to have a loss. Maybe wait for some time then go sell it when you have profit. Dont settle for loss, aim for the profit thats how the mind of the traders work.

one of the keys to success in the world of cryptocurrency is patience and good discipline. you must be disciplined in your work and can learn some criteria from a good prospect altcoins. and have to be patient because none of it is instant.
good luck!!

yes you have the right answer, usually if we want profit in the short term we only have time more or less 1-3 months. but based on my experience, the prime price will be reached about 5 months more.

you should keep confidence level high before before doing anything. then you will be success in you work.so keep confidence high.

If you do an investing here you need to understand the option that if you sell it in low price you lose some by that so for me if i already have a coin that go down by price i think i will hold it still until it gone because it's already lose but if you stock or save that there's a posibility that it can get high still another thing here are invest in trusted already coins like eth,xrb,xrp and btc because base on my real experience it's really going so down but still it can get high again also so better to do is that.

Almost all coins grow last 2 months so the only one price that you need to check - BTC/USD. Be confident in your choice and sell only if BTC start extreme rising!

If you dont have confidence you loss,Take control of yourself with confidence before you invest in your investment. accept if you are beaten but it is better if you win always have to be prepared and study well

There are few tings which you need to think before buying any crypto.
1. It must have been established coin.
2. The dev is active.
3. Its on a good exchange.
4. Buy it at dip, and weight for your profit.
5. Doesn't panic sell even it dumped after you buy.

You can't always have confidence. And you have to be at peace with that. It might sound harsh but the best way for me is to consider invested money as lost.
The smart trader might average down though.

always learn !!! there is no loss only win or learn !

Don't, only sell it when it profit or hodl.

different coin has with each on drawing with the chart as investors to work on deeper with the evaluation as moderating complete reference as monitoring chart.
to goes with decision to close or keeping with the running position of order/possession with the coin.

I'm a bit out of Confidence ..Still Confused Neither Win nor loss

Before selling your coins, you should set a goal on how much profit you want to have, if you already had a 20 percent profit, then move on. This will help you accept what you already have and stop regretting about anything about your coins. Start with that and see how positive your trading will be.

Its better to have confidence rather than loss, but don't be afraid if you loss remember that its a part of trading and mostly experience is the great teacher.

According to me before investing in any Cryptos you need to make up your mind that you wouldn't take impulsive decisions.
You have to observe the value of the coin over a week and not make decisions on the value that you see on the screen at that instant.
And incase you have already made these mistakes make sure you never repeat them.
I'm not saying you should never withdraw but rather you should analyse and make a rational decision.
Whatever happens after that is not your fault,as ultimately we can't predict everything and always be correct.

learn the past and development progress, I prefer to not buying PnD coins. learn from the past and learn about their products, roadmap, and on going event. always remember that trader are forbidden to PANIC SELLING

Interesting question. When you buying you should know your stop limit and stop loss.

sometime i got that feel too, want to cutlose and it can make me calm. but it is not good to do. then i do what my friend suggest, don't always look at the price of coin that cause us loss.

i don't know? when you have the confidence but you lost it? i can't imagine. HAHA LOL!

Yes, to be nervous all the time is not a good feature of investment. Be sure, on the coin you have the investment, the loss is normal, so expect to get some and learn from it. ;)

before investing in Alt coins, just research on your Coins and invest 50% of your investment and remaining use it for making average. Just hold for few months. then you can make profits.

I think the solution for that situation is, trading with the amounts which will never give you a economical crysis. To be a good trader, you should learn being patient and staying cold blooded.