Bitcoin Forum

I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).

Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.

These situations are happening in every year January to February. So close the all cryptocurrency sites for two months then go to tour for 2 months. It makes huge profits for your investment. This is the easiest way to protect our money so no one should panic in these kind of situation. After two months automatically crypto market is normal I believe this is the best idea.

First off, what caused them to lose their profit? Panic selling. So, how do you fix this problem? Simply DON'T PANIC SELL. This is an investment. Don't expect the charts to go up and up forever, that's just stupid. Take in to consideration the risks of investing in a volatile market. Like it or not, the prices can crash down to 3 digits whether we like it or not. Don't be like those idiots that put all their live savings on crypto.

Hodl is a motto for a reason.

I think you should not hold altcoin. If you do not have a lot of money and do not have enough patience, you should not do it. This is really a job that requires patience and deep knowledge of the crypto market. I think you should wait for the price of altcoin down to buy. If it's high then you will sell it and it will be profitable. After all, you can get cash to invest in another altcoin.

The only suggestion is to stop "investing".
If you can't control your emotions and you panic sell or buy it's clear you're not made for trading or investing.
Not everybody is and not everybody should do it.

So unless you plan on hodling and investing only what you can afford to lose without losing your mind, don't do it.


Last time the drop continued through March till next January and next January.....
Just saying...

First of all in this environment we all know that it has a combination of risk and success. While joining here people  must be brave and very smart. We need to put in our mind that we need to be aware and ready to anything that will happen even it become positive or negative.  I advice that  people need to be much alert and careful before making decisions. Don't panic because as long as we feel that it sure that we make a wrong choice. Just be relax and think smartly and wisely therefore we can make a positive or good choice. Just wait for the right track, just believe and have faith that it will come. Remember bitcoin is like a rollercoaster that has ups and down but in the end there is unbelievable and unexpectable higher rage awaited...

The only tip i can give is have patience and never put many positions on a single price.That what many people fail doing these stuff and get in to losses.The best thing is to have only one position at a single price and then if the market drops again more than 20-30% , again start placing position to minimise the losses and get the averaging policy in force.Thats how many big investors protect their capital and avoid losses.The only small traders loose their money who lack patience levels and also lack some risk taking habit as until n unless risk is not taken money is not made in this market.

As you get experience in cryptocurrency and specially with the volatility of bitcoin, you will have some tolerance when the price drops. You won't get depressed or panic easily when you see the price drops 20, 40 percent. Most of those who got depressed are newbies who entered bitcoin at its peak. You can't blame them, they got caught in the hype. They can start over again, there are lots of opportunity to earn in bitcoin and you can always earn back your loss.

Panic selling and panic buying is the worst thing in crypto, and it almost always ends up in a loss loss situation. Never ever sell coins in dump, wait for the price pumping and then sell if needed.

Her tips are patient Do not rush to sell coin that we have. just wait a certain time will rise again.
kalo already sold coinnya at the time the price again down.
one of them how to join altcoin no bounty like signature or so forth. or the second way looking for additional capital again for investment with the goal of our coin diminished back again .

Rule #1: Invest only the amount you can afford to lose. Remember this so that you will not become "emotionally unstable" (I still believe that that's absurd :P)
Rule #2: This is Bitcoin. Just buy, hold, repeat. You do not know Bitcoin if you fall for FUDs and panic selling. Hodlers always win!
Rule #3: HODL and STFU!

Edit:
If all doesn't end well, move on and stfu as well :P ::)

like any failure in life it is not the end of the world as long as you learn something from that experience. if someone who made a mistake (like in this case selling out of panic and falling for FUD) repeats it then they are idiots. but if they learn from that mistake and move on with a precious experience then soon they will become successful. in fact I say that is the difference between successful people and the rest who envy them. otherwise everybody makes mistakes like that an losing money is part of the deal. what matters is that how you deal with it.

Know first if what are you entering, not just because other people tell you that in bitcoin you can make money. In crypto currency, there are time for a pump and also there is time for dump, so this is what they called it correction in value. For those investor who lost so much, do not make a mistake again by panic selling if you want to recover from lost.

Firstly they must learn to take lessons from mistakes they make in life. Otherwise they will continue to lose. It is useful to be calm in such declines.

The truth is we can't stop some people from panic selling because there are lots of people who are buying cryptocurrency without knowing how it really works and when they see a bad/fake news about it they will rush and sell it as soon as possible which will result of huge drop in value of the market. My suggestion if this happen is, it depends on the cryptocurrency that you have invested, if you bought a pump and dump coin better to sell it right away because you will never know if this coin will even recover again. If you invested in Bitcoin and if you have a lot of time to watch the price, it is better to cut your loss and use that money to buy when the price reaches the deepest that it can drop, but if you're a busy person and don't have much time to watch your investment then just hold it, because Bitcoin will surely recover.

I panic sold a chunk at 12k and rebought at 6k... it's not always unwise to sell in a dump as long as you stick to your plan and observe macro trends.

well it depends on why they sold and when they sold. selling and losing money is not always bad. you may be selling because of stop loss to prevent an even bigger loss and then buy back at the bottom to get your initial amount back and also cover the loss and finally make your profit back.

if they did that they they did good! but if they didn't they have to start doing that to become more successful in their investment journey.

My advice is to be patient. In the past month, when bitcoin and other altcoins broke down, many people panicked and sold the COINS they held. When bitcoin starts to recover, they buy again, which is not right, and frequent trading can cause you to lose more.

My tip to the people who panic about Bitcoin falling - learn that lesson or go out from cryprocurrency, because what they did - was very stupid.

Thanks for all the suggestions.
There are many investors who invest in cryptos without proper knowledge how the market works. Most of them got really excited and invest because of they think that they'll get rich instantly( Mostly because of the ads all over the internet ). I think it is better if we all gain proper knowledge first before going to invest as it is very vital. We can't really blame others for selling their coins because there's a lot of people who are spreading bad news about the market which makes it really hard for those investors to be confident with their holdings.
 

First, investing in crypto include risk (those who cant take the risk, cant earn it). That's what I always think.
second, before investing to anything you should know how it works, and learn how to use it (invest what you can afford to lost)
third, Proper Knowledge
Last, Faith on it.

PATIENCE and FAITH. Have patience if you want to earn profit. Panic selling can only lead to lose. If you want to earn profit, be patient enough to wait for bitcoins price to rise and reach your target profit. Also have faith in bitcoin. If you have faith and believe that bitcoin will pump back after a dump, then you'll stop panicking and just keep on holding your BTCs until it rise up the way we wanted it to be and surely we'll enjoy profits we'll gain from this rise.

Bitcoin had one hell of a ride last year and anyone might have been tempted to invest, it was like the ride would last forever, and newbies who were cutting their losses invested on something because of FOMO, neither technology nor rationale obviously missed to notice that between parabolic uptrends, Bitcoin has gone through some major downswings, be it 2011 or 2013 or this year, but with each uptrend and downswing there is a point where Bitcoin stabilizes than the last one and if a newbie invests on uptrend without having any idea about the following downtrend and next stabilization point, I guess who to blame?

Bitcoin solved the Byzantine General’s problem and at that time its prize was zero, but value proposition was there from that point on. So basically what Bitcoin is today is because that value proportion is gradually expanding. So I guess the advice would be to grasp the zero price value proposition (where you can put the price what you are expecting and value is technologically driven, 9 years, developments, forthcoming implementations) rather than exponentially rising your emotions and then panicking.

if a person is emotionally unstable he or she in any case will lose more money, and the best thing for them is to handle their investment to a person who is stable emotionally because when emotions interact with trade than it is a huge problem.

I think it's wrong because I made my tokens for sale at a cheap price so much I'm sorry about it so next time it will happen again.

Panic selling is really common which make the prices go deeper amd deeper. For people who can not control their emotions i suggest to stop trading and just invest if they still have the gits to do it then they need to stick to their plan to hold it for long term. What happened recently always happen each year so the only suggestion i could give is check the chart history and learn from the mistakes that they have made.

Long term investors had been telling people that bitcoin prices will recover and as of now it is happening. If they have just listened.

For those who have lost their coins, i suggest that you to have be calm and don`t panic sell. Remember this is an investment don`t expect to much that the charts will go up all the time. Weather you like it or not the price will decrease/increase everytime. So you should have to hold your coins until the price will grow up.

A very obvoius solution against panic selling is not to panic.
You can reach that if you don't invest more money than you are willing to lose.
Another thing that keeps the selling impulse under controle is experience. That is why especially newbies suffer under the panic selling syndrome.
With time people get used to the fact that charts sometimes go down in a rush.
And then, you need to make profit on the way. Sell small amounts on the way up. The knowledge that you  have already made a lifftle profit can keep you calm.

Don't go all in, invest an amount which you are ready to lose. And when the chips are down, you don't sell but hodl. People say "I lost money because I sold in panic". Well you don't sell when you are panicking, you just sit still. It is still the best piece of advice, if you can learn it and accept it.

This type of people must be mostly new cryptos investors that got in during the market pump. As an old investor, the global market correction should not affect you much because this is not the first time such will happen and will definitely not be the last. All you need to do is hold on to your solid long term cryptos during the price correction because the market will recover as usual and go back to ATH

For those who lost so many coins I think some withdrawn their coins already but for some who are at loss because of that recent dip, they mostly are holding their coins now because bitcoin is now trying to recover from that dip. Buy now and just hodl.

I believe that you need to invest and act only through proven projects in order not to lose money.

From this lesson we know that panic selling won't give you any profit.
Bitcoin year by year has increased, why would you panic if the price just decreasing ?
Compare it with last year price, you know that the current price still higher.

As i am not a professional cryptocurrency adviser, i would say you should follow my advice. I would say, invest only what you can afford to loss. Then, invest and be on the crypto information high way. When you get a bad news about crypto, you can rush and sale early. If you are not early enough, just hold.

The price is hovering near that price range again and they could buy in again from the money they got for selling their last hodlings. If this was their first time in the bitcoin market then it was fair to panic but if they aren't new then they should have known that bitcoin is a highly volatile currency and they should always expect that the price could drop anytime.

My tip would be this

1. take notes of the wrong things you did then try to avoid them next time
2. Create a strategy then stick to it. You need to be precise and resolved in sticking to your plan.
3. Dont fall in to fake news and FUD.

for me the best way to tackle the problem for those who already suffered a lot of losses is to stop investing and holding what they already have in the long run because now the market situation is very unfavorable.

My main advice is not to panic and think about the situation calmly. To think about what mistakes were made. In the future not to repeat such errors and act prudently. No need to invest all your savings in bitcoin. This part of the investment should be no more than 30 percent of your capital.

For those who did not sell, they didnt lost any coins at all. But for those who sold during the dip, they lost their coins at they same time lost part of their investment basing on capital or how much they invested initially. The only way to go about fluctuations like these is hodl. If you atill have extra money during the dip then buy some more to averqge down the buy in for your initial investment. Selling is a no no especially if you're losing.

If you haven't sold your coins out of fear then you did not lose any coins really, you just need to hold and be patient like the rest of us, but if you have sold, make better choices next time.

We must understand that any loss is not the actual loss unless we take it, so if my portfolio is showing 30% loss then it doesn't mean that it is my realized loss. I strongly support research based investments irrespective of the market situation so if you are having your research to back your investment decision then there is no need to worry. If someone has liquidated his investment, then I would recommend him to do research before getting into next investment and sticking with the strategies even in the worst market situation. I am assuming that the person is going to take calculated risk while taking such decisions.

For those people who already lost a lot of money as well as coins, do not give up. There is always another chance to try again and give your best in order to be successful. Do not lose hope. Those people who strive hard and give their all are more likely to be more successful in the future.

Emotional problem, thats the hardest part when you invest into something, the ability to make decision. Most of them are thinking about "easy money" and just riding the hype. Investment is suppose to be profitable and I have my own rule with my investment " never sell to cut losses during a dip instead by more and sell if I hit my target mark." I dont care If I lose everything if it happens that Bitcoin will totally crash (I know its far from happening) since I am emotionally ready and I investment what I can afford to lose.  Just sharing how I handle my btc.

First thing that I would like to suggest is invest what they only afford to lose. This is why they are in panic and now in depression because they didn't invested what they afford to lose. Next, don't expect too much and don't be too greedy. The reason why they haven't cashed out earlier is that they are too greedy and is hopeful that bitcoin will skyrocket and will never get empty of fuel.

Yes it is important that we should only invest such amount of money in bitcoin that we can afford to lose, some time people says that they will sell their house for purchasing bitcoin, but to me i think that it is not a good  idea, we should not take such a big risk but should only invest such amount that we can afford and which do not create financial crises for us.

     The first thing that an investor must do is to accept the fact that this industry is full of risks, scams and thieves that can make them lose all their investments if they somehow get to do something wrong. And accepting this fact would be easier if a person really does invest funds that he can afford to throw away or lose completely. This will enable someone to take more risks and be able to have greater rewards without ruining their lives when everything  goes down in this industry.

if you are able to scalp and make profits of 3-4% gains during the day from rise and falls of coins thats would be the best thing to cut your costs and decrease the loss.

always use stop-loss, never get a coin already pumped enough, watch market closely and enter if you see dip or near dip, never panic-sell, dont get a coin just someone else says its good always DYOR, read a few books that helps you to undersrand trading and work on TA .. always keep %50 BTC %50 alts, even %60 BTC %40 alts ..

There are many people who lost their money on Bitcoin and decided to sell it. They later regreted it. Look at the Bitcoin price chart, corrections are something normal. This correction lasts quite a long time probably because of many news and FUD which is unnecessary. Bitcoin future is definitely bright. Lightning Network and SegWit will help us to make Bitcoin more wide known thanks to its capabilities. Transaction fees are really low, even lower than most of the altcoins' fees. My advice is that you should remain calm no matter what happens.

I also lost a lot of money because of this ridiculous panic. But now you just have to wait and buy something new

Selling your property is not a good idea at all because you cannot live on rent forever and though bitcoin provides you great money but you never know when it is going to make your pocket heavy. It takes certain time span to return you what you expecting from it. Leaving your day job for crypto currency or bitcoin is bearable but selling house is too much. We need shelter forever, not just for a day or two.

those weak hands should leave bitcoin talk at all.i have no sympathy to those panic seller that after what they did,is crying almost for death because of their own negligence,they dont belong here,they dont need tips instead they need to go for other part of life in which they dont have to panic when losing so no bitterness after.

The only Suggestions for those who lost many coins is patience and hold your coin . because if you buy your coin in high price then its always risky well some new people come to market but they dont know properly about crypto market they just buy a coin when the price is moon and when price drops they sale at a loss . its a normal scenario i hope before we invest any coin at first make a proper research and then buy dont follow anyone.

Yes I agree, because  some investors expect only the positive sides of their coins that they invest, they count numbers of days or months and their profits, but when time comes that value of the coins they invested  will drop down and their money left was not anymore the expected amount , automatic they start  to worry and afraid to loss almost everything in their investment, for that don't invest  big amount of money, invest only the amount of money that you can afford to risk or loss anytime, because this is just like business.

I don't think Hodl should be your strategy. Buy low sell high this is what you have to do and if you bought at ATH I don't think HODL is the best option. Cut the loses fastest you can and search for a good entry point when in the bear market. This is just not logical to watch how your money is gone day by day. I would not call it panic sell at all only cutting loses. For sure you don't want to wait with selling for ATL only sell when you are at the start of a bear market. I know this is hard to pinpoint but we had a lot signs that this crash will come. Even Bitcoin chart matches exactly the chart of big known bubbles.

If you lost so many coins when the price went down and you panic sold then the only thing you can do is to learn from your mistakes and not let emotions dictate your investment strategies from now on.

i lose also like 0.9 btc in nano or xrb when they run a faucet this january to august 2017 but i'm only newbie in that time so i still try crypto and now i'm proud that i already earn a lot of money here so there always a chance i start here in forum to read different ideas from other users like when i invest in aion when they run a campaign here because i listen to their plan but still no assurance in that so better to prepare yourself always

I think now is the best time to buy :D