Bitcoin Forum

I think this topic is worth to remind again for many newbies who panic about the current situation where Bitcoin price $30K strong resistance now drop to $24K currently traded. There are many so called expert who always predict Bitcoin price will go to x, the bottom is x etc, also one of them were offer to give his money to everyone if his prediction gone wrong, this strategy is to convince newbies to believe his words.

Take look on these so called expert who predict Bitcoin price:
1. The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet (https://www.forbes.com/sites/billybambrough/2022/05/26/the-ultimate-bottom-major-fund-manager-reveals-shock-bitcoin-price-prediction-and-stark-crypto-warning-as-ethereum-bnb-xrp-solana-cardano-and-avalanche-plummet/?sh=6b0d268423f2)
2. Renowned analyst who predicted Bitcoin price top at $69,000, now claims the bottom is at $24,000 (https://www.aliens.com/read/renowned-analyst-who-predicted-bitcoin-price-top-at-69000-now-claims-the-bottom-is-at-24000?category=NFTs)
3. Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level  (https://cointelegraph.com/news/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level)
4. Crypto is dead. Long live crypto (https://edition.cnn.com/2022/05/26/investing/premarket-stocks-trading/index.html)
5. Long-Time Bitcoin Bear Offers $1,000 To Every Retweeter If His Prediction Of BTC Hitting $10K In 2022 Goes Wrong (https://www.benzinga.com/news/22/05/27067697/contrarian-investor-mr-whale-offers-1-000-in-bitcoin-to-anyone-who-retweets-his-bearish-tweet-on-ape)

Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.

https://i.ibb.co/zf5rR39/bitcoinprice.png
Did I scared after looking this chart? No, because if you look at the history, you will see Bitcoin have been survive 3 times about the dump/crash.

https://i.ibb.co/BBV4spr/bitcoinprice2.png
The first is on 2017 and 2018, where the peak is $19K and the bottom is $3K (84% change)
The second is on 2019 and 2020, where the peak is $11K and the bottom is $5K (54% change)
The third is on 2021, where the peak is $60K and the bottom is $30K (50% change)

Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it.

If you still keep thinking Bitcoin will dead, do you forget all the adoption from any institutional, government, and foremost the countries who accept it as a legal tender. Not to mention Bitcoin already improve a lot of the development e.g. Lightning network to solve the scalability issues, using for friendly energy for mining, hash rate & difficulty increase to prevent from 51% attack etc. Bitcoin right now is more scarcer since it's already mined 19Million Bitcoin, only 2Million left. We're already close Bitcoin will be accepted in entire countries due to it's value and become a currency since the price will be more steady. This is the reason why I AM HODLING (https://bitcointalk.org/index.php?topic=375643.0).

Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin.

My idea is a Bitcoin holder does not need to panic if they had an investment plan when getting in.

What pushes one to panic sell or cut their losses is when they invested more that they can afford to lose and with the current drop they saw their savings getting wiped out on the charts.
Buying smartly means that one invests spare money and at a controlled period of time; if the market dips, it does not affect you much as you have enough to foot your daily expenses. You basically sell when you want.

Those who fomo in at the top and end up selling off 4 months later already made mistakes from the beginning and no doubt would still have to sell as they need the money.

People should not panic and sell during this bear time is my advice, we can see institutions like Microstrategy, countries like El Salvador, they are not all selling, they have the long term mind set and it will favour time in the next bull runs.

I will say so too because it is true, bitcoin holders do not have to panic, the market can fall but later it will rise.

That is trading and anyone that is gambling with altcoins, or if someone is ignorant of investment strategy before investing in bitcoin. Bitcoin investors should know that they will recover their losses but it can take one, two or more years.

This call is not just for newbies but this is for everybody. Maybe for old-timers, this is not hard but still, many of them have not appreciated the word HOLD, it is somehow they got influenced by their negativity. In fact, looking back on the surge of panic selling in the last bear season, it can't be possible if we still don't value this thing (hold) this time.

I think this was the time to open up our mind and think about what we can help the market as panic selling never contribute positively but rather seeing negative results. We don't just ask but to encourage everyone to become strong and let this bear season pass worrying about nothing.

Don't even believe there are "experts", when one believes in the concept of expertise in the network, that is when they can even consider following whatever advice their "experts" gives to them; but if you do not believe in that concept, and you understand that every resource is available for you to do your research into the history of Bitcoin, and see the pattern for yourself, then you will most likely make the correct decision more often than not. I am pretty sure users who believe in Bitcoin are not worried by the dump at all. Just invest what you can afford to lose and remember Bitcoin is a long term investment as you hodl.

People cant ease their mind with the market selling. Some of my friends too are instead of staying strong are cutting losses. This is a heavy heart to hear at selling at a loss. But we cant blame them. We can only encourage them to hold for their money that they dont need. People tend to sell cause of fear that they will lose it all, yeah its possible unless you sold it right?

This is a hard time expecially for beginners who just bought bitcoin  in the bearish season,  some might have not experience a season like this but they need to keep calm and patient.  If the bearish market can be like this that means the bullish market exists and it is real. It is just a matter of patience and time.

Yeah, many people use their main source to invest in Bitcoin, they hope they will earn after few months, but few months isn't enough to enjoy the return of Bitcoin. I'd say at least they need to wait around 4 years at least, the longer you hold the better your return will be.

Well I think if old Bitcoin enthusiast still didn't understand the purpose of hold, I'd say he didn't learn anything in Bitcoin space. Even I didn't directly face the 2017 and 2018 Bitcoin history, I can know how it feel when the price drop drastically. But right now we're face the similar season and anyone should know Bitcoin will recover sooner or later.

If they buy with the money they can afford and the money is not used for anything else, they don't have to feel sad because they can still keep their bitcoins and buy more.
The bearish season has finally hit $22k and there's no clue where the price will go and we can only guess.
So if we can be patient and calm while the crypto market is still volatile, we can see an opportunity to buy bitcoin at a low price.
But if we panic at seeing the price drop drastically, we won't be able to use this moment to our benefit.

So just hold till what?... I think safe investing should have a liquidation point. Unless you are really devoted to that stock or cryptocurrency. It makes no sense to hold until price hits the bottom. So the real question we should be asking is at what point do I want to save the investment that I made which is now gone bad?

NB: I'm not saying Bitcoin is going to hit bottom. My post is just really just in relation to general trading/investing strategy, not specifically BTC.

That is an excellent thought process, and one every investor should be thinking,
at what point do you cut your losses or at what point do you take your profit and re-balance your portfolio to shield yourself from longer market drops.

The market crash has just really begun, smart money is moving into cash and will probably wait a year or more before even thinking of reentry
because this downturn could last for years due to the food & energy inflation.

Only Gamblers hold until they lose it all.
That is the one screaming hodl, no matter if the price is at an ATH or ATL.
While they cry 1 btc=1btc, well 1 turd=1 turd , and no one give a shit.    8)

 

Every Bitcoin holder has a selling target like me.
I'm holding Bitcoin and some stocks for a long term but I also have plans into when I will sell all of them. There are some factors that affects my selling strategy like the time frame and the target price. I hope that holders also have a strategy where they will sell it when it happens and don't just hold on for dear life.

Right now TBH, you say that there is no sense to hold until it hits the bottom but there are some who are doing it probably because they don't want to sell at a loss so they will just prefer to hold it. We don't know where the bottom is so better to just hold and wait for the bull market to come which will come maybe in 1-2 years. 4-year cycle :).

That's where the decision making of one's investor comes.
What will happen if my investment goes bad? Will I still hold it? Will I accumulate more? Will I make a cut loss and invest when it goes down even lower? US Stock market are in a bear market territory already. S&P500, Nasdaq and DJI are in a bear market zone already and these have correlation with Bitcoin so the bear market has started. I just hope that investors decided already into what they are doing during this bear market.

How many times has the price of Bitcoin reached the perceived bottom and how many more times has it rebounded and made new ATHs?

If you've done your due diligence and understand how a certain asset works in different markets, you would understand how it acts after price dumps and pumps. With this, your liquidation point would not be an effect of dips in value, where you will be forced to cut your losses.

I've gone through different Bitcoin cycles and I can predict that Bitcoin would reach another ATH within the next couple of years (3-4 if I'm forced to give a number), especially when you consider that we are more than half way to the next Bitcoin halving.
With this knowledge, I can safely hodl Bitcoin beven though the market tanks and even buy more.

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Buyer's remorse can definitely force investors to panic sell, particularly if they bought at the top and would need lots of price increase for them to break even. Rhat is why how you buy is very important in determining if you can hodl.

Not just newbies? In my experience, it's the semi-long to medium-term holders who're the most prone to panic heh. I can point to 2018 and 2019 to my own experiences. People who held for 2 cycles or more, thinking 20k was it, and "they should have exited at 10k".

Sure, we're still above (barely) 2017 ATH so technically anyone who bought before 2020 is still in profit but I can understand why people feel like they wasted opportunities and may need to wait another 5 years or so, so that's where the panic comes from.

Of course newbies panicking too. Newbies, to me, are those all quoted in the article list. Overnight experts created by the 2020/21 bull.

They're offloading their fear and some of the vets will be lapping it up...

I took a lesson from the two sell everything my own in the 2018 and 2020 bear markets where it was (in my opinion) the worst drop and I think touching ATH a second time is impossible. And this time it won't happen three times that I can only see the price of btc going up while I don't have even 1 sat in hand.
I agree with @upgrade00's opinion, "sell when you want". Bitcoin didn't exceed $21k from $68k overnight, you should have plenty of time to think about if this scenario were to happen and prepare things so that you don't sell your bitcoins.

If the past history of bitcoin is anything to go by, then it's only wise to hodl for the long term while investing with money you can afford to lose that won't affect your daily expenses. DCA-ing your investment is a nice way to get the best out of this bear market by buying bitcoin bit-by-bit at different strategic price.

We're still in a good place compared to 2020 ATH which was in November 20th 2020... All newbies are to hoddle up because the future will be bright to those that hang on

Correct

Even you're bought at the peak on 2017, you're still earn less profit even though the price only difference around $3K only. I've remembered how the crude oil price crash, the price went negative, that's mean if you want to buy an oil, you're not paying anything but you get both of oil and cash lol. It do make a panic, but I think governments and journalists are more often spread bad news about Bitcoin rather than their commodities.

If you can still live without touching your crypto assets during these tough times, then all you need to do is just hold them strong and avoid getting the negative sentiment of the market get through your emotion. These market cycles are normal and is the perfect time to earn some huge gains for the next bull run if you can still accumulate bitcoin and altcoins. Just don't go all-in if you plan to buy some cryptos now as the market sentiment is not clear yet. Many are speculating that we could go lower than $20k at this point.

Big loss investments happen with altcoins, and from what I've seen, newcomers pay less attention to BTC. However, the decline that caused the general situation to deteriorate and panic over losses is not too uncommon in the investment-related markets. Honestly, if you have a good plan and are comfortable with the investment, there should be no problem. However, this market is not for the win-win crowd. I see only a small percentage of people who are satisfied. with existing and ongoing opportunities. However, in my opinion, the lack of control over our ability to engage in something new is the main cause of the volatility. We can talk about the experience, but greed is always on our minds. We and the ways to be happy in this field are also many, but not suitable for everyone.
And over time, every time BTC recovers or rises to a new stage, we will always see news around it. Then it's time for us to be more awake to look back on what we've done. experience. I myself have some skills in this field and BTC is always something that I want to own the most. Over time, the safety as well as the risk from it always gives me peace of mind compared to the rest, but the way to talk about new entrants, we can hope that they will learn more until they are comfortable with what has been going on.

Well, I'm pretty sure majority can still LIVE without touching your crypto portfolio. Basically, putting your money in crypto while you constantly touching it for your necessities and needs , then I guess that doesn't make any sense as you are decreasing your portfolio and then probably will have a hard time putting them back especially when the price is high.

When, Btc falls further below $20k I'd probably panic, PANIC BUYING Cheap BTC lol.

HODL will always be the answer during these hard times and importantly for newbies that just started their crypto journey. This will always be the reminder that crypto is very volatile, anything can go from zero or vice versa.  We have been in these situations and the market will recover soon. We just have put lot of patience and trust on bitcoin because we may hit rock bottom and no else where to go but UP!

we should learn from the experience that has existed so far, we know that bitcoin has strong fundamentals and it can be said that the current decline is not something that lasts forever and when bitcoin has reached its lowest decline usually bitcoin will rise again, so far many traders beginners who regret their panic by selling cheap prices and of course we can learn to dare to make decisions to buy at low prices and hold for the long term.

Let me remind you something.
Bitcoin isn't crashing because it's shit or a scam. Bitcoin is crashing because the global situation is shit: high inflation, interest rate hikes, upcoming recession, war in Ukraine, food and fuels going up, supply chains getting disrupted. Bitcoin can't be blamed for any of the above.
There's nothing wrong with the Bitcoin Core blockchain. There's no internal problem inside Bitcoin Core. The problem is outside Bitcoin Core and outside the blockchain.
Of course, many centralized crypto scams are about to crash: Luna crashed, Celsius will crash, others will follow, but this isn't something bad for Bitcoin Core and the blockchain.
It's easy to shit over crypto, when the markets are crashing. Where were you hiding last year, when the price hit a new ATH? ;D

Those new comers that have experienced the bear market already are in advantage. Because this will not be the last time that this bear market will exist.

In the future, when they've got several experiences about all the market changes and behaviors, when it comes again then it will be an easy thing to adopt for them.

Just like us, they'll feel that it's going to be just as nothing as what we see today because we've been there and it's pretty normal to have it. So, in the end they'll just chill and get used to it.

Yea..you are right. There's no need to panic.
if you are holding BTC and you are been tempted to sell because the price keeps going down, resist that urge. This is the wrongest time to sell your valuable asset.
Don't sell now due to panic, you may regret it. Just HODL.

For those who already understand the behavior of the market, I think it will be different to respond to a bear market as it is today with those who are new to bitcoin. we can say don't panic, but for beginners, I think they will feel worried because the value of assets continues to decline, and this is human, and with continuous learning, over time it will form by itself psychologically stable, because they already have previous experience

Waiting it out also helps, some newbies cant stop panicking when the market is in downtrend, so it is difficult for them to stay put. Since the price inched towards 21k from 22k USD, the selling pressure is still continuing and might reach 20k as well. If it crosses beyond that, it would be the next chance to buy if you have liquid cash at hand.

The bad thing is that a prolonged bear market will lead to many traders empty of cash to spend. At this time, just wait it out and dont try to acquire money any more by debt which is a vicious cycle.

Very soon the cycle reverses and it is just a matter of who manages to hold out for long.

One thing I have learned from crypto buy sale is that, invest what you are willing to lose. Don't invest what you can't lose. If you see a DIP, Buy and forget about that for 2/3 years. Come back after that, and you will see the changes. Newbies will sell at bear market and watch those videos on how to make money overnight. They will get panicked at those random predictions and sell again. In the end, it's a mess.
They will learn from their mistakes, just as I did.

That's right. They are no different from us, all predictions are made with no guarantee that it will be correct. The money is yours, just decide to invest it yourself, don't give your money to others to spend.

Agree that we are going through difficult times, difficult times like these we have to stay calm and not panic if we don't want to lose money. Bitcoins are a long term investment, so don't sell them without any profit. Be patient and wait for the bull season, it will come soon.

At this point the level bitcoin has gone dip  it is not a good move for anyone to sell his/her bitcoin for fear and go loss, not just only for beginners.  We all know that bitcoin is all about patience to wait for volatility that will bring profit to take place,  this is a time to exercise patience in bitcoin that we have always been talking about.

 I always say if there can be a dip like these, there can also  be a bull that will  bring a better profit.  Thus is not time to panic,  what  are experiencing in the market is nothing but the nature of bitcoin.

Newbies have to earn their stripes & that only really comes after they experience their first full bear market. We’ve all been through it & it sucks, especially when you have a large % of your net worth in bitcoin. What doesn’t kill you makes you stronger though. They will all be better prepared next time if they have the balls to HODL through the next 18 months - 2 years.

Newbies, do not despair if you lose money trading instead of hodling. Those who trade will understand how much better it is to hodl, in time. But until then trading might seem like a very alluring and lucrative way to earn more coin. Buy low sell high, right?

The problem is reality. And reality says that new traders will almost definitely lose money until they become pros. And even after many years of trading and losing money, you will stay make tiny marginal profits.


Better to hodl.

Unfortunately a lot of the panic selling you're seeing now aren't just newbies, they're middle income folks that need liquidity because all markets are down. They don't have a choice but to sell. If they're using Bitcoin as an investment, they should not have been investing more than they could afford to lose in the first place. I'm confident the price will recover, but for those needed liquidity, they're out. They don't have a choice to hold.

not all beginners make sales because they panic with prices that continue to fall but most of their mistakes are buying altcoins or memecoins that are not right so that they are dragging  in the wrong algorithm and tend to be worthless to anticipate losses that are too deep in making them sell them
and this is even felt and done by old players

That is why newbies should never enter the market if they are not financially prepared because if they do, its like a suicidal. Most particularly if they always invest on their hard earned money, i think that alone is very risky. So if they make decisions to enter the market and invest, rest assured that they won't expect for quick profits as that won't never happen. If they have good financial management and have separate their savings from their investment funds, then they will never resort into panicking and stay hodling when the market becomes unstable.

There are a lot of crypto influencers in the market that boast around and lure the minds of newbies. If you fall for them, that will be your loss and a profit for them. That is why newbies should always come to the market knowledgeable enough and have good skills on investing because that will be their edge not to lose from their investments because they end up in panic and have no patience to hold for long term as crypto are not for quick and easy profits but more on for long term investments.

To avoid get rekt in the market later on, newbies should never create decisions that will make them regret later on. If they come to the market undecided, then they should never invest right then but start with gaining lots of knowledge so they will never be mislead in their decision making. And they should always have long term investment plan once they enter the market because crypto is not a get rich quick scheme but rather to make profits, one should endure patience and persistency first, and of course the knowledge and strategies to attract profits more than losses.

I myself am still very difficult to eliminate or suppress panic. Even though I've been trading crypto for quite a while, sometimes patience and greed and panic always appear and overwhelm me.
However, the panic started when I used to trust influencers who provoked hype more and I was consumed by the hype and bought at the top. then when the price drops drastically. panic is unavoidable.

but here I prefer to analyze myself and collect news that can be trusted so that I can determine the entry and exit with a little accuracy. so sometimes I exit the trade when I see signs of a decline. so when the price goes down I don't panic. because I was already out before the mass panic came. confident and Dyor.

The reason behind this panic is they feel bitcoin is get rich quick scheme and invest their savings into it in hope of getting fast profits but on the contrary when it start falling they can't analyse the market that it's normal and it will grow in the long and panic sell off during these times.So they eventually loose at this time but main is to control your emotions and invest what you afford to loose in the market.

You don't even need to do dollar cost averaging. Just invest as much as you can afford to lose and sit back and relax. When the price goes up, if you feel like you need to take the profits, sell and enjoy your gains. If the price keeps on falling and you don't need the money, just hold and wait for the market to recover. You have some extra cash lying around that you don't need, then invest those money during those dips to maximize your profit. Even when the price goes up, you can invest those money. You don't need to wait for the dip. Better to invest than to keep those money in bank which eventually loses value in the long run.

Bitcoin holders Doesn't need panic. Btc will pump again and make new ATHs. Like, in 2017 Bitcoin made a new ATH 1 BTC $20k. after that btc dropped 20k to $3200. Even then, the price of Bitcoin did not stop. BTC again made new ATHs $68.7k.  so, I don't think that bitcoin holders should ever panic.

True. Even the price decreased drastically, it doesnt mean its the end for Bitcoin because same scenario also happened before. But the price managed to move upward again and even break the past recorded ATH. Thus its up to investors if they will panic this time or ignore the bearish season while continue holding. The recovery might take time, there's no timeframe but eventually it will happen in time, just be positive and be patient.

Most of the people having challenge with the dip are the middle class people who never expected the market to be like this,  expecting to make profits in a short time. The rich ones are still buying Bitcoin even in this present dip because they understand it will definitely yield profits. People who used what they can't afford to invest are having challenge to have patience to wait for bull.

The Images does not display that good better to edit your Imgur mate.


But about the Newbies getting panicking ? but it does not stand for them only because there are also  old timer that still showing now that they are selling when the prices starts lowering .

Maybe the post are best for everyone and that is what we should learn for many .

Panic sometimes occurs in 2 situations.
1. People who panic because he is tempted by the hype, he is afraid to miss the price. And as a result of the panic he was in a hurry to buy without analysis. without waiting for market conditions to calm down.
https://i.imgur.com/wr8yOqX.jpeg

2. Panic due to being eaten by bad news so he was carried away by the news. usually happens to beginners who are not familiar with market analysis, candle analysis and trading psychology management. so people like this when the price goes down then he will panic and rush to sell. because he was afraid that the price would not rise again.
different from those who already have experience in the world of bitcoin. he tends to be calmer. he can see the situation with common sense and clear mind. so that when he received the news he would not immediately accept it easily. because he will do research first before making a decision.
https://i.imgur.com/QAsoRM3.jpeg
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRoximymClQfWm5cs4d080Rl-hj_SZLL458lA&usqp=CAU .

Also I see many have forgot about the dump that happened in 2018, where suddenly from 20k usd Bitcoins suddenly fell to 3k usd.
But guess what after that BTC jumped back stronger and created history by reaching 60k usd.
So all the newbies are hence requested not to panic.
If you have shown some trust and bought some Bitcoins with your hard earned money, then give some time to it.
Just don’t panic and don’t sell your coins to the cruel buyers.
Instead if possible buy as much Bitcoins as you can in this bearish market.
Once Bitcoins start rising, it won’t stop. Mark my words.

If they think that bitcoin is a get-rich-quick scheme, they are wrong because the price can change quickly without us knowing where it is going.
If they are not ready for the price swings, they can get stuck in the high price and have to wait until the price can reverse direction or even go higher.
Only people who are prepared for everything that will happen with bitcoin can take advantage of the opportunity to buy or sell bitcoins and earn something from bitcoins, while others will be at a loss if they sell their bitcoins.
They really need to learn about investing with only the money they can afford to lose so they don't take a huge risk out of the investment.

If we consider from the moment when bitcoin cost $3k, then by the time of $60k it brought 20 times more profit. People evaluate the current price by high indicators, while forgetting about past lows. Relative to them, even the current price still looks very good.

In these times of fear and panic, newbies need to keep your emotions under control and listen to the opinions of already experienced people who have seen this fall of the cryptomarket not for the first time. Those beginners who follow your advice will be able to keep their savings.

Bitcoin, just like every other crypto currency, is naturally volatile due to forces of supply and demand. Sometimes, as we are witnessing now, the prices goes down to such a low value to people begin to panic. One of the reasons for the price going down may be as a result of (according to Forbes) the US Federal Reserve, which is planning to raise interest rates this year to combat levels of inflation unseen in the U.S. for four decades (https://www.forbes.com/advisor/investing/why-is-bitcoins-price-falling/). But as many investors continue to invest and understand hoe Bitcoin works, it is also an opportunity for inventors to buy more, and HODLers to hold more tight, because, most often the price will eventually go up, as it has always done. So, this is time for investors to HODL.

I thin what many people need to understand in regards to the volatility is that we are at a very early stage of bitcoin as a currency. The market volume is very low and there is only  a few years of data to see where the price is going. So no you can not compare it to you everyday fiat currency.

I have always said this here on the forum, people claiming to know what the price of bitcoin will be in the next few days, months or even years are nothing but guess, there is absolutely no correct prediction of the price of bitcoin or any other crypto asset anywhere, people only guess and hope it turn out the way they guessed it so that they can shout and scream "you see!, i told you so", and its unfortunate that newbies will never stop falling for all this price prediction scam, but as it is right now, it is imperative that we that have been here for long should never stop educating the new comers, this is one of the reasons why this forum was developed, to educate as many that are willing to learn.

People should learn to invest with a long term prospective in mind, and those who wish or want to earn money from crypto in short term bases should go into day trading, or even do both like while investing with long term in mind, you learn to trade by the side for short term profit if you have the time are required tools.

That is what some people think about bitcoin,  that it can get them rich in a short space of time . They don't care to know the volatility nature of bitcoin, that the price can change drastically without any signal.

Before anyone will make up his/her mind to buy bitcoin,  the person need to understand how bitcoin works that it only takes patience to benefit from bitcoin profits.

HODL gets harder and harder as the price drops, but I can assure you it's still the best route if you believe in BTC long term.

Prior to 2017-2018, there was another major event which is just so tiny on the chart because of how much the price grew that it's hard to notice it if you don't know what to look for. In November 2013, the price was $1127, and then by April is fell to $360, and by January 2015 to $172. Next time it hit $1k was in January 2017. So of course it seemed like the good days were behind, and that Bitcoin might never hit $1k again. But boy oh boy people were wrong about that. I'm pretty sure those who are currently afraid Bitcoin won't recover and won't hit a new ATH are wrong as well. But the question remains how much time it will take. It can be a few months, can be a few years. I hope it's the former, but we should be prepared for the latter as well.

Don't you think it might just be a new 90-95-99% record? Anything can be the first time... ???

Bear months and probably the floor price, next bull I expect at >$150k

If the market situation is like this, it's not only beginners who panic but those who have often held it and they also panic, those who don't hold coins, can say, don't panic, but for those who have current assets, most panic, especially beginners who are just starting to invest instead. increasingly panicked by the falling market.

This thread also serves as a reminder for a high-ranked member of the forum because there is some high-rank member who still can't deal with their emotion when it total bear market.

This happened because you don't choose to make peace with the trend that the market presented because if you do you'll only look for a way to make a profit out of the trend the market poses instead of panic.

Cryptocurrency investment advice is to always dyor and if you follow most statements made by influencers you'll understand that they are only doing a marketing job which is either to increase the price of the coin they invested in or it a paid advertisement.

These days no news is worth trusting because article writers also spicy up news and the best thing for you is to understand how 4years cycles of crypto work, how to select the right coin, and how to know good and exit points.

That's absolutely right but you're forgetting one, very important, point: many people buy just because they think it'll keep going up, they don't actually have a plan nor they know how this market works, otherwise we wouldn't have so many people losing money.

How would newbies still able to manage if bitcoin price even drops into $10k below? I guess they will probably think that crypto is certainly over and that there's no way it will recover. Then they will panic more, much more than we thought. And this is all because they enter the market without good preparation and good understanding on the market as well. They never realize that bitcoin is a long term investment and that price fluctuations should not bother them personally as they would not also be selling in times of losses. Instead, they should stay patient and focus on long term hodling as it would be the best key for now to avoid huge loss.

Without a doubt someone the came to this market with a well defined plan and strategy has nothing to be afraid, despite the huge drop that we are seeing in the price at the moment.

However the problem is that a great deal of the people that have entered the market recently do not really have a plan, so right now they are desperate about the losses they are currently incurring, and the more time bitcoin remains at such a low price the greater the odds they will capitulate and sell their coins for a loss.

I think most newbies dont really understand what cryptocurrency is all about before they join,  they just hear about people making money through bitcon and cryptocurrency and they also believe they can invest and make money quickly and easily, they don't know the risk associated with it, that's why whenever they see their money reduce they always panic and sell. I believe before anybody to invest in bitcoin, they should all understand what it's all about, they should know they can lose their money, they shouldn't just tell them about profits alone.

Avoid the news if you can. This is will help to reduce the amount of FUD you are exposed to. Everyone who holds strong is soon going to be smiling because the price of Bitcoin is going to be valuable enough to generating good ROI. Hodling for every newbie is just like starting a workout routine. At first it seems very difficult but then as you do it consistently, you would begin to see the reward. Just hodl.

Here's a picture to make the vision clearer


Image source: https://www.reddit.com/r/CryptoMarkets/comments/l3f2n9/expectation_vs_reality_of_what_its_like_to_hodl/

In this very bearish market, newbies are mostly seen losing because they cannot hold their emotions anymore and have become compulsive seeing they're not going to make it in this bear market. So they resort into selling their coins at a very low price, which leaves them become poorer and make the whales richer in their hodlings. When in fact, newbies should have more patience because that is the best key not to lose in a such unpredictable market. And they should always realize that crypto do not give instant profits since they are mostly for long term investments, so they must learn not to panic and hold.

the above picture is very true. people thought when you hodl, it is like smooth sailing. but for those who really did experience of hodling long time, the experience of them is what the second picture depicts. for sure, those who are holding their btc long time have experienced all kinds of emotions already. and that will make you believe that this market has future. i guess, each one of us has experienced an agitated mode at some point of our hodling here. and that for me, is very normal emotion.

^ For me, I did not make things more complicated when it comes to HODL.
We can set a goal when we take our profit out because holding BTC is not all the time there is a bull market. Every time when the market was down, I usually never look at the market to avoid attempting to sell my BTC. Because the more you look at it, the more your emotions trigger and make a panic sell decision. Just always think about the reward in the future.

It's normal for them to feel worried and panicked. That's because the market on this situation will totally give them anxiety and uncertainty.

That's okay to tell them that they shouldn't worry at all if they trust your words and you've experienced the first bear markets. Those words of yours will encourage them and will give them a sign of relief based on your experience.

It'll make them grow as they already have the guidance of someone who has experienced it before.

I am impressed with your suggestions. like you are a very experienced person. Well, that seems to be true. for now I have to be more careful in reading the news. because sometimes a lot of news is just confusing and ultimately unbelievable. because now too much news is made only for certain interests. such as spreading fud and so on. and indeed the solution is DYOR. I need to learn more and understand this crypto trading cycle very well.

I see many people who join have that thought, especially with the rising price of bitcoin before this year.
Those who joined bitcoin at that time only thought about short-term profits without studying how bitcoin moves in the crypto market.
But after they learned about bitcoin's wild movement to the point of seeing its price drop drastically, they couldn't stand it and decided to sell the bitcoins because they didn't want to see bigger losses.

If they don't understand how bitcoin works and how to invest in bitcoin properly, they won't make a big profit from bitcoin.
Instead of making a profit, they can get a big loss without any chance of profit at all.

First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.

I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .

so yes lets see what comes when our funds uses to buying and short term holding .

But what's the right time to sell and how you decide it? We find it easy to say we should have sell at high prices but timing out the market perfectly is not at all easy task but yes we can surely have satisfactory returns if we want to.When it's rising you don't know how high it can go and vice versa but if you have set your own price limits then you can surely gain profits.

The right time is when you are already profitable or the target you want has been achieved. Sometimes people want to sell at the highest price until they forget that they already have enough profit and they realize when the price starts to fall back to the bottom price. if you have set a price but are not disciplined and greedy it will only hurt. The price goes up high to be greedy, and when it drops below the price panics to sell. Regulating psychology is also very important.

indeed what is true is according to what you said, friend, that there is no need to panic. but all beginners or advanced will be able to panic when buying high and experiencing a very low price. for those who have more funds and are already experienced, they are actually motivated to buy again to increase their investment. because bitcoin will repeat the habits that have been experienced, usually after the halving period has passed bitcoin will increase again and create new ATH.

Yeah, HODLing should be the thing but Bitcoin "investors" have a different level of responsibilities and sustainability which I believe contributes to their reaction to the market whenever they see a dip in the market. I saw in another post some days ago where someone said, "The Rich will keep being Rich and the Poor gets Nothing" or maybe not in those exact words but that's what S(he) meant. Investors will be more relaxed about market dips if they have other means for financial sustainance so I don't think rich Bitcoin Investors react the way other average-level investors do. Even though people know not to invest what they cannot afford to lose, people still want to invest in Bitcoin and will do so with the little income they have hoping to make a profit and a slight turn of the market will make them panic sell. 

You should not only address  Newbies because even Old timers sometimes forgot this behavior and become panicking after each dumping market , Look how the market move is this sounds like total newbies actions?

the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder

try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.

Panic is normal.

Regardless of how long you've been in the market, there will be a slight of panic that you'll feel but it's up to you if that feeling will manifest to your actions just like doing the thing which is to panic sell.

The advantage of the people that have been in here for years, when feeling in panic, it won't manifest into an action because there will be a stoppage to that feeling based on the experiences that have been made throughout the entire stay in the market.

During this bearish market season, it's really a normal occurrence that most people tend to panic and sell their assets because of the fear that they might lose all of their investments the moment the market continues to crash. It's a normal feeling that people get afraid of the worst possible scenarios. After all, money is hardly earned nowadays. However, if a person that entered the crypto world has an organized plan beforehand, the market fluctuation and even market crash won't get into them.

Proper risk assessment and management are needed in order to survive the crypto world. One must not do things hastily so that he won't regret  big time later on. In addition, doing an in depth research is essential so that you won't be shaken once things go haywire. This is because you already established a plan and has bigger picture in mind before actually risking. Which makes it great because you won't be eaten up by anxiety.

Although I also understand those people who still choose to sell in this bearish time. Because we have different plans and strategy. Perhaps cutting losses is what would work for them because they are for the short term only. Meanwhile, for those here for the long term won't be bothered so much. In fact, they would be celebrating because this will be the best time to buy in low position.

those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus

Because of volatile market of bitcoin, it can get lower and that is how we must prepare if it is likely to come. We can have the idea that we shouldn't be confident with what we can see because anytime it can move at any range that it can.
But there is no need to panic and just don't think that you can beat the market.

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

When we invest, of course, we already understand all risks, including dropping prices or loss opportunities, as we know that bitcoin is a type of high risk investment so that before entering then we must do the analysis including ready if the price of drops, if we aim to profit then the hold is the best option rather than selling due to loss and panic.

indeed we do not totally trust the analysts who predict the price of bitcoin. just use it as an additional reference source material to complete the analysis by each of us. In a bear market like this it is very important to maintain emotional stability. stay patient and avoid panic. keep using the DCA method for those who still have funds to buy and if you don't dare to enter, it's better to keep monitoring the market while waiting for the bull market to come. because of course we do not want to lose the golden moment in the market. but the fact is that even though panic indicators dominate, the number of wholecoiners continues to increase rapidly.

If you do not have a clear intention coming into the Bitcoin market which should be for the long term then it is most likely that those traders will definitely make mistakes when we start seeing price dips like this in the market but for those that knew why they are investing and what the target time is, it most definitely wouldn't really matter when there is a price dip in the market.

Every cryptocurrency trader has a goal what really he wants to do. Most of the time he doesn't know Is he a trader or an investor? Let me say that the trader is working with short time success on the other hand investor can be a long time holder like 1 year or 1 era or more. One of the biggest mistake in the crypto life that we can not identify what we are, trader or investor?  Sometimes we become a trader by buying a crypto and after some time we treat as investors these thing creates Chaotic environment in crypto life. First we need to understand crypto then determine short tram or long tram. Remember, Some times taking early decision is Irrecoverable in crypto life.

because what we see is sometimes deceiving and this often happens choosing to stay is the last solution under the market crash and the reality of price losses in the assets we have even though maybe for the next trend the strongest price is 17K $ but in fact fake BTC bullish or real is still a sign ??? ??? ???

people who does not understand the value of bitcoin are the one who panic for cryptocurrency selling. it is real that Bitcoin have it's kind of values and it's kind of risk method. Anybody who invest in Bitcoin knows it involves of buying and selling and also lose and profit. When the price of cryptocurrency is falling some new investors quickly panic to sell while in other way round people who panic fall to the category of lost,why people who withhold their currency ends up for making profit and especially people who hold for long term

The time seems quite tough to keep patience and believe in bitcoin but that’s probably the right thing to do at the moment. If you look at bitcoin’s history, it has proved its worth over and over again. Keep your bitcoins safe and let them do the magic for you.

And without a doubt this is a big problem as being a holder and being a trader many times require to have skills that run contrary to each other, for example a trader is supposed to sell and get out of his positions as soon as the price goes down, while an investor is required to do the opposite and keep holding their coins for as long as possible even when suffering tremendous losses.

This creates confusion on those people and many times they are unable to apply one strategy or the other, and this makes them lose a massive amount of money due to this simple mistake.

I used to fear this kind of season as well and I've also thought that Bitcoin could lose its value because of the current market situation but things didn't work that way. The Bitcoin history would show us how it has resisted and passed all the tests of time. While others are in fear, we should just hold and see how Bitcoin would strike high again when the market recovers. Bitcoin investment will always be like a roller coaster ride but we should trust its capability.

People who understand bitcoin very well knows that hodling is just the only way to recover lost bitcoin, because the market will definitely bull at anytime,  their is no need to be panic during the bearish market because it won't last forever but people still forget about the aspect that their is a time for a bull market to get profit. This is the best time to invest in bitcoin but not everyone can be patient to wait for the bull market.

Bull market will definitely happen, but those who can't wait can only panic because the assets they buy are at high prices. Their psychology is finally shaken as the market continues to fall.
having money in reserve is helpful at this point, buy cheaper and hold on until the price reaches more new ATH.
Since the bitcoin market is indeed very volatile, it is not easy to reach it.

That should be the risk onna norms but things don't work as expected atimes, our actions lacks perpetual precision in determining the real state in market trend for bitcoin price and volatility, despite our understanding of the risk involved we still believe we can't fall a victim for wrong prediction and eventually fall.


If we assume bitcoin to have high risk on investment what then should we say about the altcoins? Bitcoin rather isbthe available option to safety from the high risk involved in shitcoins investment.

The bear season will always come and go in the crypto market, so either we learn to adopt it, stay out of panic and just buy and hold, or just leave the market because you can't bear seeing the prices dropping. Most of us have been making terrible losses this time, but if you continue to just hold your investments, i guess losing will also be impossible. But i suggest to keep buying while the market is bearish, as this is the best time to buy and hold and create huge profits in your portfolio in the future.

That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.
As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.

panicking for cryptocurrency falling is normal thing that happened in cryptocurrency, so nothing is ugly for cryptocurrency bearish because the bearish is what makes the market to be valid and what makes the market to be profitable and lost at all times. Those people who panic and sell, just helped for the correction of cryptocurrency. Holding is nice and is not every body that will have such time to hold coins for long time

DdmrDdmr has recently shared in the Spanish local board the data that the 56% of Bitcoin wallets are in positive.

To me, it is a lot less that I expected (I thought there were many more old wallets with "cheap" Bitcoins). I suppose that this is good news, as not so many wallet owners can sell at a profit thinking that 20K is enough. Briefly, that there will be more hodlers by obligation than I expected.

Another important insight would be to know how many Bitcoins are deposited in the wallets that are in negative. But without going so far, and ignoring other factors, I feel more optimistic about the future.

This is once more a matter of trust and time preference. Once you understand the bascis of how our economy works and how it will colapse somewhere in a (near) future and when you also understand about the Time Preference, it will be a no brainer on how to hodl Bitcoin whatsoever! It's almost crystal clear and with a few things I just read about how corrupt is America's governments and about a few other things related wit EUA positions and UE compliance with American crap, then, it might be sooner than most think! I'm a bit scared of the outcome of some of the things I've just read about! But it's not for this thread!

After seeing the ATH, how foolish someone if they still have to choose to sell their BTC. They're just weak-hands who can't hold with a small patience. This market is not for them if that's how they think about the market and it's not actually for newbies. So if you are in this market for a long time you should know what to do in this kind of situation.

Always HODL if there's a correction/dip and do some DCA since that would be the only thing you can do in this market situation. Please understand that there's right time for bullish trend and bear trend and this time it's bear trend already. So HODL!

I myself became more focused on DCA. Because I don't want to regret like when bitcoin hit ATH. and at that time I was very sorry for not having many. so I feel when the price of bitcoin drops then this can be used as an opportunity to accumulate bitcoin little by little.
i also invest in gold and i am now pausing to enter shitcoin because after all when the market situation is like now then the opportunity to take profit from shitcoin trading is very difficult. although i still trade daily but i only trade in bitcoin for now. current price fluctuations are also very good for scalpers. so I trade daily and profit from day trading I always set aside a little to increase my capital for DCA for long term. In this way, my mental and psychology are not disturbed by any kind of market situation. Of course, everyone has their own way of dealing with the current market situation.

But things like this often happen because of a lack of patience and many beginners who do this.
This is natural because it can be said that these beginners go through a fairly important stage, actually because before they go directly to investment, it is better if they study all the possibilities that will happen and what risks they have to accept when something like this happens.
But in reality they pass this stage and immediately jump into buying so that indeed when a bearish trend like this occurs, it is natural for them to panic.

who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal

yes .... this is normal and human but basically selling it when it goes down whether it's because of panic or with an assumption and strategy sometimes leads to luck if the next price trend continues to fall and if it's the other way around then this is called bad luck. holders have their own beliefs and assumptions how to deal with the market and their choice is the best according to each of them

It might be true than an old timer can experience to panic sometimes but it's just temporary as they then realize that they are not a newbie anymore to act things that only newbies are supposed to be doing like panic selling instead of panic buying.

There are some that sells intentionally but the main reason why they did that is because they want to use the profit that they get to buy more btc's at a much cheaper cost. That is not bad either but long as they aren't selling at a loss as I think that doesn't make sense anymore but If that is the case then better if they will just hodl their existing coins and only use the money from their own pocket or from other sources.

Although a newbie to these forums I have spent a few years involving myself with the ups & downs of the Bitcoin story. And what folks young & old have to understand is that its main value is as a form of currency. You may be investing in it as an asset like someone buying the fiat of a nation in recession when its capital is devalued, hoping to resell for a profit after an expected economic revival, but it is still its ability to function as a private & instant currency bypassing prying eyes & grabbing hands that makes it valuable in general.

So then you have to have a think about what a currency is. How revolutionary & game-changing the first forms of minted cash must have been, how many were sceptical, how many refused to participate assuming it was some sort of a scam, how many wars were fought over it. By now, we take it for granted that lots of people do horrible & wonderful things every day in the name of money, but once upon a time it was a concept token.

And now we are witnessing, over the last decade, the emergence of a new currency. A world currency, if you like. Internet money. It is decentralised so no single state or actor has authority over it & many are really frustrated with this.

Through this we can all learn the patience of a wise investor, & only invest in things we can be genuinely interested by :)

#HODL
(Hold On for Dear Life)

You could really obviously tell the difference in between noob and professional/experienced ones.Emotions is something that is really hard to be controlled when you are on a certain condition which its not surprising.

Panic is something that cant really be avoided because we dont like to lose money which is normal and the difference mainly on how people would react whenever they do see a declining market.
For noobs then usually they do panic sell or simply following others been suggesting and it would really be depending on someones preference and control or decisions.

Hold is considerable or the most common option but there are ones who do love to play with the movement of prices.

But we are only human after all and are affected by our emotions, whether it is the fear of losing money and panic at the sight of a fall in the crypto market. In general, I understand what you said and agree with it, but I want to add something from myself. As for money, investments and crypto, emotions have a very bad effect on this. I would say that it is even extremely contraindicated to interact with any finances under the influence of emotions, especially panic and fear. As a rule, this only leads to aggravation of their situation and material losses. Therefore, when investing in bitcoin, you need to keep your emotions under control, no matter how not easy it is during falls like now, but without it it is almost impossible to invest in bitcoin. Nerves of steel decide in this area.

Newbies learn only how to sell bitcoin and get money but some many of them don't learn how to hold for long term and make money. Why some of them don't hold coin it because they are interested to make much money and also feel holding a coin now means it will be a part of them  losing their coin

Indeed, everyone has their own way of taking the opportunities into the investment they choose to use, if you think the market will bounce back, it's better to buy Bitcoin and other solid crypto that have a proven usage and already been test by time, it takes longer time frame and huge amount of patience since the market is really unpredictable and if you are not ready better to avoid it first.

But if you already set your plan and you are convinced that the market for your coin will comeback,

it's  a best timing to place your entry and wait for the harvest benefits.

Its indeed a needed topic though at this situation for all newbies who are new to trades. Yes panic sells causes even more depth. I too have my own experience loosing money selling when the market was in such situation. I later learnt to hold instead of selling at lose. Yes, never worry of value falling down as this is the nature of crypto. For certain, the market will boom back in very near future and yes best advice is to hold what you have. You will not be in lose. Hold your coin much tighter and relax watching the current move.

Bitcoin reduction is what actually and what normally happen in cryptocurrency world. What are even expecting to say is that this is the right time of anybody who want to buy cryptocurrency to buy because since it is started falling in the right position to buy it and behold until when it will increase so that the profit can be making with those people that is holding it.

Demo accounts can't give you the true experience of holding a coin when its price falls down, pushing you into panic mode. This is because you know it was your real money, and feel way more pressure than the demo account.

It’s important for traders to keep believing in the power of bitcoin. It might be underperforming at the moment but it doesn’t mean that it will be the same in the coming time too. It’s time to keep patience and wait for it to get back to its normal highs.

this will only matter about how newbie being told of crypto and how they are being lured to invest here.

Some of them are being Mentored so they are safer than many newbies that only chooses earning short term than those who knew how to keep long term.

Some of them are those who learn by their own and see that this is a mining of money so their intention is to become rich earlier.

those are the thing to consider on how this advise will be managed and followed .

The pressure to sell assets when the market is crashing will certainly disturb psychology. This is because at first we did not have a strategy to do holding, but when the market continues to fall and the value of our assets continues to decline, like it or not, we have to hold. If you still have reserve funds it can still save, but if the money has entered 100% into crypto assets, it's just a matter of waiting. Panic will definitely happen, but if you sell at low prices, you will lose. This will be a dilemmatic situation, but it will be a valuable experience to get used to when the market crashes.

and in essence, basic guidance on how to make the right investment is needed by beginners. It is not easy to hold on long term if we are not prepared. some just end up cutting their own losses due to some psychological pressure.
I believe after the rain there will be a rainbow, as well as after a bear market there will be a bullish market.

If you look at the number of bitcoins you hold, you still haven't lost money if you didn't sell them. I don't think you made a mistake here, we don't know whether the market will go up or down tomorrow so DCA is the right thing to do so we don't have to regret it later. Just don't sell when the market is down and be determined to hold until the market goes up and you will be the winner.

What does it take to work on Bitcoin ??


Ans: Twitter, Telegram, Facebook, Medium, Discord, Linkedin, Instagram, Tik tok,Youtube.

People should realize this thing first on which they wont really be losing nothing if they wont really materialized or would really click out that sell button.Its true that it cant really be avoided on not to make

out some reaction when we do see our portfolio or investment is really going to the floor thats why its better to make yourself emotional stable and have that good control.

Holding would be always the best option if we are on a declining market and if your budget or funds permits you then allocating cheaper coins would really be that ideal.

Maybe but it is only a matter of individuals knowledge and belief in the Bitcoin potential because newbies are not the only ones who panic and sell when the market is bearish. This will always happen when most investors are only after profit making through BTC and not the beauty of the technology and the vision of Satoshi.

If they learn how on their own it will be better because there are a lot of posts on this forum that can safeguard newbies but they always choose not to learn because their belief is that crypto is just buying low and selling high schemes.

But one should also know what currencies to hold. One can’t hold any crypto without knowing its potential. It is said,”better to half loaf than to have nothing.”

yeah if you are holding bitcoin and you buy when the price is in dip like this season of dip and the price of Bitcoin increased as you are holding and you could not sell but the increase is three times profit of the money you used to invest for the bitcoin and no sell and Bitcoin fall and the profit you make there why holding reduced to two times of the money used to invest. You are not losing why holding for long term but if the price decreases very well that why holding your investment Money is reducing why holding that means that you are losing

Generally, during market shifts, newbies get flustered and panic sell or buy. They should try to avoid making hasty decisions as they are putting themselves amidst the risk, while they should just be patient and hold until the market gets calmer. Understanding when to time their moves is a skill needed to be learnt.

I stick to a strategy of long-term investing. So I try to add cryptocurrencies to my investment portfolio during such price drawdowns. But there can be no talk about selling assets. In the future, all coins will be tens or hundreds of times more expensive and will bring their holders a decent profit! Cryptocurrencies are the future!

Thanks for sharing the information like this here on the forum, with the chart illustration, it really show a little understanding, which trader's called it technical analysis (TA). Bitcoin price going to 15k is not a surprise, because when was 30k it took a lot of week's to break the support resistance, similar thing may occur at 20k, it also have a strong resistance to break down to 15k to 10k, which is another good entry to buy and hold for a long term investment.

I would suggest, in times of panic, just get distracted from crypto overall.

Find something that will help you to forget about your investment. Dont check prices/portfolio everyday, focus on your other everyday activities.

Good, advice. Look elsewhere for your distraction and just keep your portfolio if you're long term. That's an effective thing to do if you can't take it anymore but you're believing that long term holding will make you successful here.
It doesn't need to be that extreme or what, you just need to remove your attention temporarily in the market so that you won't be thinking anything like forcing yourself to sell because, you might even think of it despite having losses.

I like how you added the part of the importance of using an "investing" strategy of DCA or "Dollar Cost Averaging".  I think its important for everyone to remember that inherently bitcoin is NOT an investment.  Bitcoin , like all other fiat currencies has however become an investment, but keep in mind what it's really for.  Keep in mind it's positives as well as it's negatives.  Bitcoin does still have a lot of work to do before it gets to any point where it could be used as a reliable currency, so that should not be forgotten.

Exactly! Sometimes I feel like the whole of design of some portfolios (all those red arrows/ red losses) is design is such a way that trigger some panic especially among newbies/new investors. I always advice to new investors to find some sort of a hobby that is NOT about finances. If you believe in a long term investment, whats the point to check it every day?

If you look from the thread the OP made it's actually quite clear that now the context of this creation is specifically made for bitcoin and from some of the discussion I read on the previous pages as well we can already see that the context revolves around bitcoin nothing else.
We already know that the potential of bitcoin is also very promising and I actually don't need to provide evidence because even from the naked eye all the evidence has been seen so indeed when you are sure about it then continue when you are not sure then don't try to force it.

The cryptocurrency market is very volatile. Patience is very important to wait until the right time before selling.

The more the value drop, the higher the rise. Even the person who says I bought bitcoin at its highest value has made a profit. All you have to do is be patient. Let the bitcoins you buy stay aside. It will necessarily reach more value than the value you get. Then you can sell it if you want. There is no reason to sell at a loss.

The point is to see if the market did today and that's why we've been checking it at all times. I've been there and done that and it's really sad to see that the market is against to us at the moment.
But during the time that we're in the bull run, it's been so happy and it feels like it will never stop. And now that it's the time that we need to consider of being wiser through accumulation, that's what we need to do.

Not only newbies but the old investors also get panic seeing prices of bitcoin below 20,000$. More panic is being created by crypto related news sites which can more negative news shaking the confidence of the bitcoin holders. In these times, we need someone to keep reminding us that we have to stay strong and threads like this really help us to stay focused and not get involved in panic selling.

In fact it's very simple and applies to most assets :

- Invest only what you can afford to lose so as a consequence never sell at a loss
- Buy when bleeding, sell when people in newspapers publish opinions it will go to Millions
- If you are limited in funds buy only Bitcoin. It won't be as fast as some alts but all people know it thats what you need to be (always) in demand

Also bear in mind :

- Technology of blockchain is great in theory but we never really needed it. The part of world that has most of them I mean  :)
- It is a kind of bubble but one that will never really pop because of the past gains. People will always remember the ATH and human nature will want to repeat that. Also I have never see a bubble burst and resurrect higher.
- 99% of people shouting it will be the future don't understand the math and logic behind. They just want it to be the future because they own some and don't fully realize what it would mean to them. A future with only a decentralized currency means also the deletion of some social support systems keeping them alive.
- Institutions also buy it for the same reason. It's not changing the game itself, it's just increasing the volume (in both directions)

The statement that not only newbies, but also old investors are prone to panic will be closer to the truth. Any person can lose their nerves at the sight of a price drop of 70-80%. If news sites are the source of the panic, and you're not sure you can resist a bitcoin panic sell, then the solution is very simple - don't watch or read this news. It will be even better if remove any sources of information about crypto from view for a while until everything stabilizes.

Exactly, leave the pin pointing for professionals. Even they mess up a lot of the time. If it was easy to find out the area where an asset would bottom or top everybody would do it. It is not like trading is some secret dark magic, but it requires a lot of dedication and committment to building specific skills. That doesn't come over night, it requires sacrifice and I'd say passion for the markets.

This scenario always happened throughout the history of bitcoins and the good thing about it is when you look at the history like the OP posted, the price will return to normal after the fall and mostly it gains some new price all ATH. Now that the newbies are panicking, they need to listen and learn from the veterans who were been here right in this same moment and when you look at them, they are just chilling out there and doing things that they won't be bothered by the market.

A very nice thread with a lot of useful info for newbies with shaky hands!

I think it also bears reminding that most of BTC is held by whales who are very manipulative and will do anything to buy the shaky hands's coins at a cheap price! They will even manipulate news and the market price just so people start panicking more.

The best way to fight against this is to hodl and not to give into your panic!

Bitcoin has proven time and time again that it is indeed the best investment of our age. So turn off your monitors, close your charts and find something else to do instead of worrying about every dip!

These so called experts or lets say influencers are just speculating on the prices without anything backing their predictions.
I am telling this because there's literally no way to predict the bottom or peak price of bitcoin.
The price is market driven and cannot be manipulated after one extent.
So just stick to your long term goals and HODL.

The most volatile asset in the world is Bitcoin ‍and another weapon of success here is emotion. In my opinion, no one loses by buying Bitcoin, but many people have lost without controlling their emotions. Most of the time you have to lose when you buy or sell something panicky. It doesn't matter you are new or old in crypto here if you just buy bitcoin in long term thinking by controlling the emotions then of course you will be successful.

maybe what you do will have a very good chance compared to the opportunity in terms of time. because determining / pegging coins at a certain price will be easier and can be done repeatedly when the price changes quickly because the trade is very active. I think what you are doing is more realistic and very well received and easy to do.

Anyone who owns  a bitcoin will want to keep it and not sell it. Another concern is how long they can endure the market collapse. Their mental health is still being impacted, especially by those who can't manage it. This has a lot to do with emotions in general. The wisest course of action is still to invest as much as you can afford to lose in the hopes that the market will recover and you can later profit from it. Everyone will win when the market recovers if they can all grasp this concept and learn to hold and invest just what they can afford to lose.

I don't think old investors will panic and sell.  If they had witnessed the market cycle of Bitcoin at least once, they had a clear view of what will happen next.  Unless these old investors badly need the money, they won't sell but hold until the Bitcoin market recovers and breaks another series of ATH.  So basically this scenario of BTC price crashing is just an ordinary event for those who witnessed the previous market transitions of Bitcoin (trade history). 

But I agree that this kind of Bitcoin market crash is disturbing to Newbies especially those with weak hands.  They really tend to panic because they had little experience with Bitcoin Market.  To stabilize their emotion, they should do research about the previous trade history of Bitcoin and carefully draw out the pattern.  This might change their belief and might be transitioned from selling to buying more BTC if they have more funds.  The least result might probably hodl until the Bitcoin market recovers.

There is a lot in the news today about how Bitcoin has just experienced its worst quarter in 11 years. I think we should remember though: that quarter followed the best performing year in its entire history. This is a natural cooling-off period, finding a new bottom & plateau. Anyone who does a little research & reflection should realise that BTC chronicles the computerization of currency with the fullness of its potential in mind.

I also doubt if newbies will be able to handle the pressure of the downward movements of bitcoin on their trading accounts. I know that it’s not easy to keep patience at the moment but there doesn’t seem to be another way of doing it. I am keeping my bitcoin safe and not selling it off any time soon.

Learning is very important for those who are new to cryptocurrency. Most of the new investors invest in trading without learning proper knowledge. If they take any trade for short term and if it is loss, then they hold it for long term. They don't know what is for long term or short term. If one learns here and starts a trading business, he will be able to understand which one to hold and which one to give up. After all, they should not be panic. The biggest thing is that without proper knowledge, a trader may not be able to survive for long.

Learning could really be gained through experience and we know that all of us do start on being a noob but overtime on gaining actual experience and learnings then we do know on how to handle ourselves on this market.

Wont really be a simple journey but something worth once you do able to have a good grasp on it.This do talk about long time engagement and wont really be able to attain in few weeks or months.
You would able to find out for yourself on whats the reality on market dealing. Holding sound simple but if you are actively seeing or checking the market specially on a dumping state then it cant
really be avoided for you not to make out any reactions or fear thats causes for someone to panic sell.