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Bitcoin => Bitcoin Discussion => Topic started by: Bitcoin9920 on August 11, 2021, 04:10:29 PM



Title: How can you combat market gloom?
Post by: Bitcoin9920 on August 11, 2021, 04:10:29 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.


Title: Re: How can you combat market gloom?
Post by: mk4 on August 11, 2021, 04:21:27 PM
You either just suck it all up, or just do it again and again until you pretty much become numb to it. I personally lost a good amount trades in 2017 and held through the bitcoin 20k to 3k crash that I'm pretty much quite unaffected when I lose trades or make bad investments now.


Title: Re: How can you combat market gloom?
Post by: jackg on August 11, 2021, 04:24:12 PM
I just ignore stuff when it goes downhill, especially if you can find a reason for it.

If it's dramatic, find something to watch for a few hours or enter trades you can forget about - I normally forget about a lot of mine anyway if stop losses are set or it seems quite we well run project (although that's normally shares I trade long term so they have a lower chance of dropping far)...


Title: Re: How can you combat market gloom?
Post by: herurist on August 11, 2021, 04:40:39 PM
I remember when I was chatting with my friends about crypto and including to TA, and I was reminded of one thing by my friend who said
"Experienced traders will generally always survive from bearish to bearish, and generally can take advantage of bearish momentum to gain large amounts of profit. As for season traders, their career as a trader is born in bullish times and will die when bears come"
interestingly, after I saw and compared and measured skillfully in analyzing between experienced traders and seasonal/beginner traders I could not distinguish a significant difference between the two and almost the same in analyzing.
then what is the difference? it turned out that after I looked further it turned out that there was a real difference, namely in the skill to wait.
Because to be able to profit tens or even hundreds of percent in the coins we buy, all we need is to wait from a bearish trend to a bullish trend.
Everything needs to wait, in trading the time we spend waiting I think is far more than the time we spend buying, selling or analyzing.
but ironically most traders are not aware of this and think this is trivial even though if observed this will make significant changes


Title: Re: How can you combat market gloom?
Post by: Poker Player on August 11, 2021, 05:14:53 PM
I do the same with Bitcoin as I do with the stock market, I invest for the long term. Once I am convinced that what I am buying is top quality, I know that there will be short-term fluctuations, but in the long term the price will tend to go up. I try to be emotionally neutral, although sometimes it is difficult. We all like to see the value of our investments go up.


Title: Re: How can you combat market gloom?
Post by: maju69 on August 11, 2021, 05:25:44 PM
Why do you hold too many altcoins that have a risk of collapse than Bitcoin?
At least and not too focused on holding a lot of altcoins, and looking at the current price, almost all altcoins have been in a phase where there is no significant movement.
The market doesn't need to be fought for, you just need to master the market you hold. You don't have to go that far to dominate the market, if you're not a whale.


Title: Re: How can you combat market gloom?
Post by: ChrisPop on August 11, 2021, 05:47:24 PM
I think it would be helpful to establish your plan first. Be firm on what you are looking to do. Are you looking to profit from the short-term fluctuations? If yes, what is your strategy? Has it been proven? How are you going to handle trades that go against you? Do you exit the trade or you add more to it (which is a very dangerous thing to do generally speaking)?

On the other hand if you're investing for the long-term you may not want to look on shorter timeframes as that will mess with your mental game.

In summary, what I'm saying is that confusion about your approach to the market aka your strategy might be causing you emotional stress.


Title: Re: How can you combat market gloom?
Post by: wxa7115 on August 11, 2021, 05:51:26 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.
You just have to endure it, I know that it doesn't really sound like the solution that you are looking for but quite honestly it is the only solution that exists at all, there is no magic trick that you can perform to help you deal with those emotions, you need to do this by convincing yourself that even if you lose a few trades you took the best possible decision with the information that you had available and as such there is nothing to regret.

And this is really important because if you are not able to conquer those feelings eventually you're going to make mistakes that you really regret that will cost you a fortune over the long term.


Title: Re: How can you combat market gloom?
Post by: aoluain on August 11, 2021, 06:18:04 PM
Like @mk4 I have lost Bitcoin in various trades over the years, I learned some lessons:

- I didnt have the time to dedicate to it properly
- I didnt have the knowledge to trade sucessfully

so I stopped trading, now I dont care what the short term market movements do, I have
for the most part zoomed out and looked to the long term.

If you are confident that you can trade you gave to brush the losses aside and try again
but bear in mind the saying:

If at first you dont succeed, try and try again





Title: Re: How can you combat market gloom?
Post by: bL4nkcode on August 11, 2021, 06:37:06 PM
Anyone had experienced in such loss, been there, done that. And that's an unfortunate really, nothing to do but to accept those losses, well not nothing but to try again, wait and gain by buying little by little.


Title: Re: How can you combat market gloom?
Post by: franky1 on August 11, 2021, 06:39:33 PM
alot of peoples TA. is not TECHNICAL ANALYSIS
but instead TREND ANAL.

true technical analysis is not about price patterns by looking at the past.
its instead working out what value and supports are in the present.

the trend anals. are not predicting a future.. they are instead trying to become mega influencers to create sheep followers to create a repeating trend. .. this is a form of pump and dump initiative..
its not predicting a future. its an attempt to create the future by trying to get others to follow your trend..

yep if a majority of anals are all folowing the same trend. they create the prophecy and fulfil their prophecy.
if it doesnt work. well it just means they are not much of an influencer or they followed the wrong influencer.

well heres a secret.
most influencers get it wrong. and if one got it right thats just luck of numbers.
if 2 people are influencers X say price down Y says price up.. one of them is going to be right

so the sooner you learn your not gaming the system by doing this silly stuff the better.
stop being a trend anal and start being a technical analyser

a few steps you can take
work out the mining costs of the main trading regions of bitcoin
china/iceland
uk/us
rest of europe
japan/germany

realise there is a philosophy of 'should i mine or buy to acquire bitcoin'
different regions have different cost/value relationships.

use the mining costs to show which regions break even cost/value is to work out the values where people prefer to mine(to sell) vs buy(to hoard)

then look at the UTXO cost of acquisition. and see how many coins sit at which prices when the utxo was created. then you can build up a nice set of value lines where people think value sits at in comparison to the live price.

then you can work out if a price is near these values. or highly speculated above it..

EG januarys $60k was highly speculative and 2-3x above all good value lines. so it was never going to last. it was always going to correct.

knowing this stuff can actually help you realise if a price is good value or over speculated bubble.


Title: Re: How can you combat market gloom?
Post by: adzino on August 11, 2021, 07:33:07 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.
You just have to accept your loss and move on. If you didn't make any loss but worried about the crash, then zoom out the charts and you will see that the price has been increasing in the long run. You will also notice how the market dips and then gets back to a new ATH. This will give you some hope when holding your coins. If you see that the price keeps on increasing every time you sell, then you are probably not holding long enough to reach your profit goal. Learn from the mistakes!


Title: Re: How can you combat market gloom?
Post by: Welsh on August 11, 2021, 07:43:20 PM
When your invested in a technology or movement that isn't the norm, i.e anything that is trying to replace a existing system or at the very least co-exist. You're going to find that it'll be attacked left, right, and center by various media, and organisations that are against it from becoming a thing. Bitcoin is receiving that exact treatment, it doesn't matter if Bitcoin is currently going through a bear or bullish phase, the response will likely be the same. While Bitcoin is doing well in terms of the current price converted into fiat currencies, the media will call it a bubble, and when it is down, and looking pretty gloomy for a would be investor; the media will say the bubble has burst. We go through this cycle every time there's a dramatic difference in the recent price, and we will continue to do so for the foreseeable future.

These organisations which will show the most resistance will be governments, banks, and anything which find its importance taken away by the decentralised approach of Bitcoin. Their attacks will vary, but sooner or later they either need to embrace it, or outright fight it.


Title: Re: How can you combat market gloom?
Post by: haidil on August 11, 2021, 07:48:12 PM
You either just suck it all up, or just do it again and again until you pretty much become numb to it. I personally lost a good amount trades in 2017 and held through the bitcoin 20k to 3k crash that I'm pretty much quite unaffected when I lose trades or make bad investments now.

If you hold bitcoins then you don't have to worry about crashes though, and it's proven that now you can get paid for long-term holdings. It's a different story when trading on other altcoins, where you can risk not returning more than the highest price, it will be very difficult to take profits even though you need a long-term grip. That's the risk of altcoins, so learning from experience, I've tried to stay focused on Bitcoin until now. not paying much attention to altcoin price movements.


Title: Re: How can you combat market gloom?
Post by: Shenzou on August 11, 2021, 08:09:05 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.
The more you are ken to the trades and markets you start to ignore what happens with the market and the urges to take decisions based on what is going, so if you are seeing the prices goes down you just look for a reason why it did so but no a reason to sell, the crypto market is a roller costar of emotions and you need to learn how to control them in order to make reasonable decisions that would not lead you to regret.


Title: Re: How can you combat market gloom?
Post by: glendall on August 11, 2021, 11:23:48 PM
I have also experienced losses, and had time to stay away from the market trying to be indifferent, but if I fell with regret without studying and trying when I would understand,
I left the losers and went in looking for coins that were still potential for short-term profits with the aim of covering the initial losses


Title: Re: How can you combat market gloom?
Post by: dothebeats on August 11, 2021, 11:41:32 PM
I just call it a day and forget about it for a few weeks or so. Having been into this market for quite some time now, I learned that it will always better itself after tripping over a seemingly endless pit. Losses are normal, and you have to accept defeat sometimes. But in the case of crypto, not moving something is sometimes the best move you can do in order to get back up to your feet.

In short, when in doubt, hodl.


Title: Re: How can you combat market gloom?
Post by: Hydrogen on August 11, 2021, 11:57:36 PM
Low points and losing are key components of any game worth playing. Can't have the highs, without the lows.

Researching and identifying which errors were made, is a good feeling. It shows whether the scenario was winnable. Paving the way to avoid similar mistakes in the future. Its hard to feel bad as long as improvement and progress is being made.

Its when the cause of the failure can't be defined. Where learning and progress are not found. That things feel at their worst. As there is no semblance of control or hope for circumstances improving in the future.


Title: Re: How can you combat market gloom?
Post by: TimeTeller on August 11, 2021, 11:59:59 PM
Low points and losing are key components of any game worth playing. Can't have the highs, without the lows.

Researching and identifying what the errors or mistakes were makes me feel better. They show whether the scenario was winnable and pave the way to how to avoid the same mistakes in the future.

And this is where holding strong coins comes in. Holding top alts is better than low market cap coins.
Researching, studying will only be fruitful if you will continue to keep up with the progress of the coins you are invested with.
Because we have no idea about their future, but we can get some insights to where they are going if we are keeping tab with their development progress.
If you see that the dev team is slowly losing their grip, better discard and sell the coin before you regret it.


Title: Re: How can you combat market gloom?
Post by: yazher on August 12, 2021, 12:33:32 AM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

The Crypto market is not always a win because the money is circulating here, someone should take the loss base on his own decisions, and those who get some income has managed to execute their successful plan. That's why people always need to learn from their mistakes to avoid future losses. If the market is steady, you won't get anything from it or lose anything.


Title: Re: How can you combat market gloom?
Post by: Dave1 on August 12, 2021, 01:03:35 AM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

Obviously, majority of us fall in that kind of situation, when we see our portfolio going down, we found it very difficult to chose sell or hold. But from my personal experience, I went to the bull cycle of 2017 and sold mine, too inexperience to hold.

But now that I've been in the the 2019-2020 March bear market, I just learn to toughen up and be not affected and just look at the long term perspective. So I guess experience will be the best teacher.


Title: Re: How can you combat market gloom?
Post by: mbe48 on August 12, 2021, 01:10:05 AM
It is a common thing to happen, but it is better to use a long term system and it is possible to see the current trend. However, if I experience this condition, I do a cutloss to anticipate a high loss and move it to a coin with good potential. Sometimes TA has no effect on the market situation, don't insist on continuing to trade.


Title: Re: How can you combat market gloom?
Post by: Wexnident on August 12, 2021, 01:41:25 AM
That's the thing, you don't. You can't really combat the market, nor go against it since it's pretty much like a wave that overtakes you pretty badly and can't really do anything to go against it. The most you could do is ride with it and try to take the least damage possible. Pretty much just keep doing it, you'll learn slowly how to become immune to the changes in the market that you'd actually think that such changes are normal, you'd get them back in no time since if dips could happen, then you could also say the same for the opposite.


Title: Re: How can you combat market gloom?
Post by: TravelMug on August 12, 2021, 01:44:59 AM
That's the thing, you don't. You can't really combat the market, nor go against it since it's pretty much like a wave that overtakes you pretty badly and can't really do anything to go against it. The most you could do is ride with it and try to take the least damage possible. Pretty much just keep doing it, you'll learn slowly how to become immune to the changes in the market that you'd actually think that such changes are normal, you'd get them back in no time since if dips could happen, then you could also say the same for the opposite.

I think you misinterpret what the OP is asking. It's not to go against the price, but how we cope if we suddenly goes on a bearish market and all your tokens (shitcoins) have no more value.

I guess there where the old adage is more appropriate, "Invest what you can afford to lose". If you have your money put aside for crypto investment, then you don't have to worry if the price dips or goes on a long bearish trend. You just have to wait and remain calm because sooner or later the market will recover, it's just the cycle of the world we live in.


Title: Re: How can you combat market gloom?
Post by: mk4 on August 12, 2021, 02:28:43 AM
If you hold bitcoins then you don't have to worry about crashes though, and it's proven that now you can get paid for long-term holdings. It's a different story when trading on other altcoins, where you can risk not returning more than the highest price, it will be very difficult to take profits even though you need a long-term grip. That's the risk of altcoins, so learning from experience, I've tried to stay focused on Bitcoin until now. not paying much attention to altcoin price movements.

That's true, but it's easier said than done for the newer people who almost always manage to buy literal price tops. Add that to the fact that a lot of them are here for short term get-rich-quick gains, panic selling will always be in the picture.


Title: Re: How can you combat market gloom?
Post by: Ryder Kudrow on August 12, 2021, 08:33:23 AM
Choose a safer cryptocurrency for long-term investment. Any cryptocurrency will have price fluctuations. Once you are convinced of the purchase, you must believe in it. Although there will be a downward trend in the short term, in the long run, the price will tend to rise.

When the market is down, nothing can really be done to fight it. Don't be affected by market sentiment, but look at long-term trends and slowly learn how to be immune to market changes.


Title: Re: How can you combat market gloom?
Post by: Kong Hey Pakboy on August 12, 2021, 08:38:21 AM
If you can prevent it, try to not look too much on the market and if you can't do it, maybe don't trade today since you have a shitty feeling which can affect how you trade that day, I have heard of this advice, if your not feeling fine or you're losing too much, you better stop trading for today so you can collect your thoughts and make a much better decision.


Title: Re: How can you combat market gloom?
Post by: shield132 on August 12, 2021, 09:03:59 AM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.
What about to turn disadvantages into advantages? Stop-loss function is one of the most beneficial and must-to-use function in trading. Don't ever think that I won't use stop-loss function because it won't fall that much, etc, market has always proved that it's necessary! And another advice from me would be that you can use Futures Trading and open the short position when you are highly confident that the current price is peak and it will start decline. This way, you can not only keep the profits but also profit from the loss, that's why I love it.


Title: Re: How can you combat market gloom?
Post by: Sayeds56 on August 12, 2021, 09:17:56 AM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

TA is never 100% successful becuase it is the Science of Probabilities not ceratinity, mostly it works but sometimes it fails  so better to use it with Risk and Money management tool, means use stop loss to protect your account from huge loss. As far as Bitcoin is concerned it should be bought with long term vision and then don't worry it goes down to 3K or 2K, it will always bounce back and gives you huge return provided you hold it with patience and faith in it.


Title: Re: How can you combat market gloom?
Post by: passwordnow on August 12, 2021, 09:45:34 AM
Accept that it's really hard to cope up with the market if you're in a bad situation and you just came from certain losses. But cheer up, everyone that has been in the market had experienced that most of the time and that made the idea that holding is better than being problematic what you must do to react with the market. Because it won't make you feel that you need to catch up whatever trend the market sets and you're good whatever happens because you're visioning long term.


Title: Re: How can you combat market gloom?
Post by: techearn17 on August 12, 2021, 01:00:57 PM
You are right TA does not work all the time but sometimes when we are in trouble we feel better to leave but we should look for another good entry from where we can earn a good amount of money back. My advice to you. These are the times when you try to increase the number of your coins whenever you have this problem. I have been trading for 5 years and over time you will start to see your losses decrease.


Title: Re: How can you combat market gloom?
Post by: ChiBitCTy on August 12, 2021, 01:30:24 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

When you buy anything, or any sort of investment I should say, you should always have a plan put in place for when you plan to sell or when to hold on to it for a bit longer, or a while longer.  If you have a plan in place, then there is no "well what should I do now" ..you won't have to rely on emotion as much and it helps take the guessing game out of the equation. Of course you can always deviate if something news wise pops up, but just have the plan in place.


Title: Re: How can you combat market gloom?
Post by: perryxi2 on August 12, 2021, 03:16:55 PM
In fact, you should choose another investment that is more stable, or choose one of the cryptocurrencies with long-term development and community. Instead of you investing a meaningless amount in high risk coins and low tech platforms, why don't you choose to invest it all in BTC, ETH, BNB or high ranking coins? . you can feel safer investing in this coin as it has a solid foundation that can be held for a long time.


Title: Re: How can you combat market gloom?
Post by: conected on August 12, 2021, 04:00:29 PM
Downtrend market you should stop trading, withdraw all money or switch to holding coins. Don't try to spend your time in the market and speculate on market situations because at that time the market volume is low, there is little change in value.
- Not making wild guesses is a certainty when thinking will bring about behavior and behavior can lead to results, a bleak market is a closed room without a key, our every touch will also stick to traps and blood will be spilled a lot by speculations looking for a way out, hundreds of knives or more are hidden around, actively sitting on the ground and observing is better. Before falling here, the insurance and few safety features we have set up will activate, waiting for the exit door to appear and our action is to wait for the strange.


Title: Re: How can you combat market gloom?
Post by: sapnu on August 12, 2021, 04:29:19 PM
It's all about motivation and perseverance. No matter how bad the market looks, you should stay patient and keep on believing that better days are yet to come. We should learn from what we experienced back then when the bear market suddenly happened after a surprising bull run. It might be risky but without high risk, you cannot expect high rewards. Just always keep in investing and strategize how you can cope up regardless of the current market situation. Do not let your emotions decide for you, use your head all the times to come up with an effective and better plan.


Title: Re: How can you combat market gloom?
Post by: imstillthebest on August 12, 2021, 04:35:19 PM
Did you buy more because you expect the market will go in bull run ? If didn't go as planned then why would you sell for losses but you could hold for a while and do some additional buys .

Quote
I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
you mean you hold different kinds of tokens and they don't change in price ? Of course they won't when what you have sold is also a different kind . also to expect a movement in the same coin you hold , the volume must be large enough when you sell or buy .


Title: Re: How can you combat market gloom?
Post by: Slow death on August 12, 2021, 05:17:13 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market.

It is true that it is very difficult to deal with the market when it is down, but that does not prevent a person from also making a profit in a bear market, it is enough that the person has good knowledge of technical analysis

Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.

I confess that in this part I didn't understand anything you mean, it is not possible for the price of bitcoin to fall and the price of altcoins not to fall much unless it is an exception that the price of bitcoin falls a lot and the price of altcoin X has some good news that keeps me going up in price even though the price of bitcoin is falling a lot, these cases happen whenever some altcoin has some good and great news

Please tell us how you handle market conditions and feelings.

I avoid putting feelings. I prefer to act rationally.


Title: Re: How can you combat market gloom?
Post by: rincoeng1986 on August 12, 2021, 05:48:14 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

you are on a token that has a high level of confidence or at a low level of confidence, such as a newly released token. if you are in a new token condition, of course you must first know the prospect of the token. does the token have strong fundamentals so that it is worth holding and does not need to be sold immediately. but how many of you on a token that has 99% safe confidence, then you just have to refrain from selling when the price starts to bearish, because the token has hope to be pumped again.


Title: Re: How can you combat market gloom?
Post by: Twinkledoe on August 12, 2021, 09:42:03 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.

you are on a token that has a high level of confidence or at a low level of confidence, such as a newly released token. if you are in a new token condition, of course you must first know the prospect of the token. does the token have strong fundamentals so that it is worth holding and does not need to be sold immediately. but how many of you on a token that has 99% safe confidence, then you just have to refrain from selling when the price starts to bearish, because the token has hope to be pumped again.

Very few tokens can survive during the bearish season. So it is always advised to hold top tokens with actual use case in the market. Also, if you want an assurance better sell your token while it has still value and you are already in profit and then buy top coins like btc to hold for long term. At least, btc can survive even if the market is in bearish condition.


Title: Re: How can you combat market gloom?
Post by: Hypnosis00 on August 12, 2021, 10:01:57 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.
It was really disappointing to see our investment get it lost its value after buying and these things will come unexpectedly. of course, we can't hide our emotions by seeing big losses and have no choice but to accept them. It was a part of our crypto journey, sometimes the market won't give us a favor and sometimes we got lucky as well. So keep in mind that not all the time was good and have nothing to blame with this. It was just for us to adjust and be willing to accept the consequences that I think we are aware of it since from the start.


Title: Re: How can you combat market gloom?
Post by: AliMan on August 12, 2021, 10:12:17 PM
When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why.
Please tell us how you handle market conditions and feelings.
We do fail when decisions has no certain reference during analysis, and coping with the market conditions isn't that easy. Difficulty of selling during volatility of price was about to be losing, while majority of the coins had been saturating after quick increase. Handling this kind of market, should have a strong motivation which technically involves emotional control.

Learning the process should take guidance from a trusted mentor which could help you in everything you need to cope up stress on different market behaviors.


Title: Re: How can you combat market gloom?
Post by: livingfree on August 12, 2021, 10:12:40 PM
In fact, you should choose another investment that is more stable, or choose one of the cryptocurrencies with long-term development and community. Instead of you investing a meaningless amount in high risk coins and low tech platforms, why don't you choose to invest it all in BTC, ETH, BNB or high ranking coins? . you can feel safer investing in this coin as it has a solid foundation that can be held for a long time.
I agree.

Investing on top coins will save you from all of those worries. You do not need to those coins that you are interested with and shows good in your TA.

Because not all TAs are going to show as exact as what you see.