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Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

Let it fall to the lowest price so that you get minimum risk of loss from buying at price from where it can fall more..

Also - do not panic sell! thats a really big mistake newbies make !!

It´s ok when people see Bitcoin an investment, but I am agree with we start to see Bitcoin and Blockchain how they really are.

Look at this. https://bitcointalk.org/index.php?topic=5005364.msg45159144#msg45159144 :)

Regards!

It depends on the person holding the BTC. At the current price of BTC, you cannot avoid to look at the price chart and waiting to rise again.
If you invested last December 2017 you might have a heart attack right now.

1. You should not be afraid and sell your bitcoins.
2. You should buy more bitcoins when their prices hit the bottom.
3. You have to persist and store your bitcoin for long.

Good advice, i have always maintained that patience is needed and the ability to control our emotions is needed when viewing the market ???

Hi, everybody. 1.Not panic. 2. Don't sell your assets. 3. Just wait.

I would also allow myself to add a fourth rule: when you learn about the collapse, close everything, don't read anything and go for a nice walk.

When prices drop we cannot blame ourselves when we felt nervous and scared but this is not advisable to do when investing in crypto. The best things to do while we experiencing downfall are the following:
1. We don't need to be scared or afraid when we experiencing downfall because as we remembered this system are usually has a very high volatility therefore downfall is very usual things to happened.
2. Don't easily give up and immediately sell our coins because the investors that has a stronger believe and trust to this system and keep holding their coins are the people that has a big chances to be successful in the near future.
3. Don't look at the dark side of it's long period of downfall, thus, kindly considering it that it will be the best and perfect time to buy more of it and then keep on holding it until it will fully recover again before we sell it so by that time we can be able to become one of the successful investors in the future.

Cannot agree more with what you said not to do when the price falls. My opinion in this case is simple. Just hold you coins and buy some at the low price if you can afford to, This will yield you with multiple times more when the market will bounce back.

I believe that this thread should be in the "Trading Discussions" sub-forum.
Anyway,there's nothing wrong to sell,if the prices are going down(as long as this is NOT panic selling).
If the price is decreasing,but it's still far away from the bottom,you can sell and buy some cheap coins later.This is how you get some short term profit and you position yourself for the next long term bull trend.

the "dos and don'ts" topics are never good because the market is not something that you can formulate that easily and then stick to that one formula no matter what happens in the market. what you should do is that you should always set a clear strategy and a goal for yourself and then depending on those two you need to make decisions in the market. for instance telling everyone not to sell when price goes up is wrong. some people are day traders they NEED TO sell when price goes up because they want to buy back when it recovers. or the same when drops, they need to sell at first to have money to buy back in a couple of hours when price stops and reverses.

Most people are just shorting the market because they feel that this is the only way to make money, yes it's true in a bear crappy market all the shorters are making money, while the holders are suffering, but I think if you are day trading, you need to try to preserve your capital and try to make a profit, but yes when there is a dump like now, you wait, you don't sell when everyone else has already tethered, you wait for the next leg up and then dump into tether before everyone else does lol. Like yesterday I missed the call to tether so I am stuck, but then seeing how ETH is totally trashed now I am trading ETH markets instead to try to accumulate more Pundi x and ETH, until Bitcoin and ETH recover a bit. Switch strategies to stay afloat is one way of keeping alive in a bear market.

There can be two kinds of strategy can be followed while the prices were falling the one is holding the coins until the market to recover or just sell at the current price and buy again at the bottom level and we can choose our strategy based on our investment time just like keep holding if you are long term investor or just buy and sell if you eant to make profits in short term.

Based on this situation you really shared a good things to us based on this it actually depends because it changes person to person because everyone has different taste and identity of thinking.

You are right. Firstly, we should not wait for the lowest price when the price starts falling. In this way, we might actually end of losing many opportunities. Secondly, we must not hurry and sell off our coins when the price starts soaring.

Yeah I agree with you as we all know that the best strategy while the price is falling is to hold and be calm as this will bounce back after the storm.

At this time, it is a great thing that you drew attention to ways one can caution himself. But it is truly scary when you look at the charts dropping at every hour. Your advice is noted.

This is absolutely true. I do also do these things when I am not in my self and it always brings me sorrows about my trading, but I already have learned my lessons and try not doing to same things over and over again.

I agree with the 3 principles you give. Of course we need to buy more altcoin when prices drop. I usually buy more bitcoin and ETh whenever the price goes down. Keep calm when the price drops and relax and forget about it for a while

Bitcoin won’t be worth anything in 5 years. I’m surprised it’s worth anything now. There are zero use cases for it that supersede cash.

How many people use gold for daily purchases? Is it worthless?

I would say that these three things are basics that you should be aware of even before you start dealing with Bitcoin.
But the problem is that many users don't have the clue how Bitcoin and market are functioning, they just think on profit and soon they end up disappointed, in panic or big loss.
So, inform and educate yourself before you start dealing with Bitcoin.

False equivalence.

Gold is held by governments as national reserves to back their currencies. I.e., it's accepted for the purpose of trade between nations. Cryptos are not.

In my opinion, if anyone joins in the crypto market, keeping patience is the most important thing that will help people to make a profit. Those who are not enduring, he/she will not succeed in this crypto market.

Good to know of your three things that we should not do to bitcoin when its price drops, but i have also my own, and i think the three is:
1. Be calm - stay calm and just relax, dont do anything that will panic you, everything seems to be right, prices fluctuates and sometimes it increase also decrease,
2. Think - we should think of any ideas for the decision making, wheter to hold your bitcoins, or sell it. If just incase.
3. Decide - after getting ideas, decide by what you think what your instinct is. Wheter to sell if there is profit or hold your bitcoins, or maybe buy some more for future investments.

First you should not browse in social media that tackles negativity of cryptocurrency because it will affect your decision whether you hold or sell your coins, secondly you should not sell your coin if the price is in bottom you will just lost double amount of money from doing it, lastly you should not worry and keep investing when the price is in dip.

I disagree here, if you're a fast follower and can quickly read charts from small movements, you can join the train, before it becomes a bandwagon..

You should  not panic or follow the crowd fuding about the market downward trend.

You should  not panic sell your holding  at loss.

You should buy more digital assets if you have the wherewithal to do that.

The first thing I do when the price drop, is to look for things I can sell to get more fiat to buy all these cheap coins. Now I know a lot of people are just saying this, but I seriously look for ways to get more fiat to be able in a position to buy more coins when the price drop.

I have bought coins recently at $6000+ and sold them after a few days for $7300. <After fees & taxes, my net profit was +/- $1000 per coin and this is why I just love a drop in the price, because it means more profit when the price goes up again>  ;D ;D

That is right , we must not sell our bitcoin when the price drops because we cant get the profit that we desired. We must stay calm and relax , dont overthink about it. Some of us choose to panic , which is bad because no matter what you think it wont change the price tho.

Yes but i do think it would be wise to know when to sell and when to buy and dont be greedy. I also completly agree with the last statement to not stare at the charts all days. Its painfull and bad for your psychological and it makes you keep worrying about your investments.

That is a careful opinion. Always reading negative news will make our mindset change and ultimately will not invest in cryptocurrency.
So what we have to do is continue to look at the situation of cryptocurrency development and try to avoid seeing negative news that is related to the current price decline.

Everyone can make money on the bull market and there are many opportunities to make a profit on the bear market. First of all, it is important not to spend the whole of the money we will use for investment. So when the price drops we can buy a little more and then we can sell profitably on the rise. it must always be cash money.

Agreed, mate. Many investors start selling off their coins when the price starts rising. This brings a bad impact in the market. We need to be very patient and hold about coins for long term investments.

What you have stated in the post is highly agreeable. But at the same time, it depends from people to people too, becuase we all do not think alike.

For me, the three things that you should not do when bitcoin prices drop is that first don't do the panic selling. Second one is don't believe in the fake news that bitcoin will end. And lastly don't quit bitcoin.

I agree with your suggestions. And one thing I want to add is people mistake mostly by doing the second point which is selling the coin when it starts soaring. this is the worst decision I think made by anyone

That is right we dont need to monitor the price in every single minute. This suggestion will help to make people realize the things they need to do. We must be aware and be patient at everything.

The three things that you don't do when the price of bitcoin drop are this. First don't panic if the price continue to drop. Have patience in waiting. Second don't lose hope in the price. It will rise soon. And lastly, don't quit investing or buying bitcoin.

These points might be helpful for Bitcoin holders at this current market situation. This is true you are lucky if you have some money to invest when the market goes through price dip. Because the risk is minimal that time.

even though a lot of us will look at the chart, it can't be helped if we do sell our coins when the price soar. This is just human nature that we want to play it safe.

when the bitcoin price drop i always buy again more and more at the low price, so when the price of bitcoin is rise up we can get profit or maybe we will get lower loss than you dont buy at the low price, it really works for me when you buy at the low price

Well these are some helpful advice to take in consideration for the Bitcoin owners. But I think when price reach up to a satisfactory level and if it is able to bring enough profit then selling would be a good choice.

I guess different people have different way of dealing with market and Bitcoin price dip. But these tips are helpful in some way. I hope people will be able to find their own strategy to survive this bearish period.

This post is really good! Thanks mate for sharing your thoughts. I also think that investors shouldn't sell their coins immediately when the price jumps up. This is not a good decision at all.

It is very good article to read. I think many investors don't sell their coins immediately. Even me, I learned something from this article. Thank you very much for this tips.

I will not strictly accept the third option, because if you are holding you need to be watchful of the market situation in other to have a clear few of the happening in the market. Failure to do so, may lead to not sell when you suppose to dispose. My view*

When the market trends go higher as we all know it is of good benefit and interest to everyone investor but when it is down that is where we know the real investors. In as much as there is a good side of a thing, there is also a bad side of that thing but your ability to contain it determines who you are and how far you can go. When bitcoin price is  going down, do not rush to layoff your bitcoin it has always been so not the first and not second as selling, you just might   end up loosing it if it goes higher than before you just sold it. Do not starre at the market chart all days as you might not have the courage to do any order merely looking at it. Nevertheless, you should not panic when t
It is low as it would definitely rise  back as it used to be. Never be discouraged by anyone's opinion towards your investment as you can never tell what the next seconds could bring for you.

I agree with you. Volatility is the nature of crypto currency so i don't see point of being so scared and nervous of such situations. People should wait and give the market time to be stable.

you know I have to admit that I am really glad that you asked cause because of lack of information most of the time people makes major mistakes on this period , first of all you have to be clam don't take hush decisions then hold the transaction for a while as long the market got improved

I can not strictly agree with you on the thirs option. Because whoever that invested must be following his or her investment in other to have a clear view of the happening in the market. Failure to do so may lead to loss.

With a way of a new user will be only three print the basic, do not make a bitcoin discount:
1) Do not execute this bitcoin now, this as this is the basic found that can be know when any bitcoin tham gia
2) Don't need the given example because that they will push your account to the number 0 that?
3) Lossless will give a large exposure for you

first of all don't get panic, your patience is highly required in this situation, and of course don't sell or buy any assets on this situation it is not a good time to make any major or serious step

Well you explained very well. It’s really a good post. People should grow their patience and also should control the emotions if he/she wants to do business in crypto market otherwise he/she cannot see the face of profit here. 

The three things you should not do when bitcoin price drop was over view the price though it is normal for us to monitor our investment,another thing is, avoid panic selling and don't feel depress everytime the price fall.Learn to be patient because this is what we need  especially in time like this.Wait until the market recovers.

Your strategy looks good. I have another suggestion too. Don't try to sell coins at panic.

Ur post is really good because most of peoples do mistakes in downtrend and most important thing is peoples get panic so we need to play according to strategy we can make stop loss on particular point also identify entry and exit point of market. and don't get early involvement in market in downtrend because market make new low in bearish trend, whenever we not get confirmation in chart for entry than don't need to trade and stay away from market.
important thing is never sell in loss because no one know when bitcoin market make new bullish trend and do investment for long term with good entry point.

a good topic, and I think selling assets when a bad market is a bad idea.

we can still trade even when the market is bad, but it is very difficult, so it will only get a small profit.

For the world of trading, looking at charts every day is very important, because crypto volatility is very fast.

Yeah you are right. These activities should be avoided and I want to add one. People shouldn’t get panic and sell their coins when the price is going down. On that time every holder should hold the coin to make the price stable. 

Yes we don't need to get panic. I believe that panic selling is really the most worst thing that a holder can do. It really give us lose and maybe we Can't gain a huge profit when the price rise and we can't hold our coins in a long term. That is why patience in crypto is really the most important thing if we don't have patience in crypto maybe we can lose a lot of profit. Because if we don't have patience here we can easily do some negative ways to have profit which lead us to a huge lose.

The third one is a must.
That became my hobby before. Looking at the price over and over again even if it will change for just 10-20 usd.

It became a disease. Looking at different rates which I really should not care. I am not a seller so I wont do it.

A problem that is hard to stop but can be done. This happens mostly to newbies. They want instant money in their face and are getting worried with just a little fluctuation.
That should not happen.

i am agree with you. i think its depend on the person holding the BTC. bitcoin will turn around and increase its price. I still believe bitcoin can reach $ 9000 by the end of this year.

you are right but bitcoin will turn around immediately and increase its price. I still believe bitcoin can reach $ 10000 by the end of this year.

you well said but bitcoin more promising. its price grow up very soon. it difficult to prediction but i guess that bitcoin can reach $ 10000 by the end of this year.

A great many people are simply shorting the market since they feel this is the best way to profit, yes it's valid in a bear crappy market all the shorters are profiting, while the holders are enduring, yet I think in the event that you are day exchanging, you have to endeavor to save your capital and attempt to make a benefit, however yes when there is a dump like now, you pause, you don't offer when every other person has officially fastened, you sit tight for the following leg up and afterward dump into tie before every other person does lol

thanks for sharing such an important post for the newcomers who are new to invest in bitcoin. holding bitcoin is important thing when edeal with bitcoin.

Your statement above is very good, and that is absolutely true, this is also what I always do when my crypto daily trading experiences a loss. but now I have learned and tried not to do the same thing repeatedly.

Maybe you have the truth too. But most people are so panicked when they see the price of Bitcoin is low. They panic because they don't get profit from being afraid to risk huge losses, so they immediately sell their Bitcoin without seeing circulation. Usually those who do that are people who are new to the world of cryptocurrency. If you see low prices don't try occasionally to sell them. If you can, benefit from the opportunity to invest more for your future.

How will you know that the price will no longer fall further down? There are instances where the price kept dropping while buying dip and still goes down creating a draw down to the account I think this is the area where a full knowledge in technical analysis is required and I am not  buying the idea of just buying blindly when the price fall dip.

we should consider bitcoin as a long time investment. if we can consider this i don't any price fall down is not matter. you will just look for when the price reaches on your target.

Whatever the reason, make sure you don't sell it at a low price. Because that will make you very losers. Learn to be a true HOLDER, always make decisions well and precisely. smart is smart to read the situation

These are good points to realized how fool we are doing this things when investing,but what i love more is the third part that says do not stare at chart whole day,i have ths experience and trust me this will only bring you into wrong decisions specially when you see that prices drops and grow

that's very important for the newbies. when the price down they start to create panic that is the main problem. firstly they have to earn faith on bitcoin then make a tendency about holding bitcoin.

Yes, it seems to me that when the price of Bitcoin decreases nobody sell it. Because you have to start from the end. If you can buy the Bitcoin at a lower price, then you can sell that Bitcoin later on at a higher price.

That will be the best thing to buy Bitcoin when the price of Bitcoin decreases. Because if you sell at a lower price then you will be harmed. And if you buy it at a lower price, then by holding that bitcoin you can gain the next level.

don't linger in front of your computer, even though you see it all day the price will not change.

we wait until the end of 2018, whether the change will really occur or not.

Of course, it will be the best decision if you can buy Bitcoin at a lower price, then your profit will be higher. So you buy Bitcoin at low price and hold it for price rise. Because it will give you more profits in the future.

I will not say not to see the market cap sequel but would suggest that you always be cautious about it but before you invest, choose the right point where you will not get a quick high or a drastically dumping, research before you invest.

The assumption of the right market cannot be accurately done by the newbies. That means they usually make mistake in choosing the right point where to invest and where to pick some up. It would be better if we talk about how a newbie can know, when is the time.

FUDS and FOMOs always make an effect on the investors who just came to invest by the hype knowing nothing at all, without any preparations. I suggest to know the market well before you invest, come when you are prepared and patient.

Those who stare at chart most of the time of the day surly they fall victim to mind stress. And if you have tendency of doing anything instantly then its dangerous habit for you. Have patience control emotion. If it becomes too much for you. Take a nap.

Really great thought and also very effective article. Everyone should follow this because when the price getting drop we make this kind of mistakes frequently.

Staring at the chart for a long time will certainly be boring and and can give unfavorable influence in determining decisions. Fortunately, I am not a person who bases the chart as a reference when having to make a decision.

Three don't while Bitcoin price rolls down are.
1) Don't panic.
2) Don't spread FUDs (ex:- Bitcoin is dead,will not rise again).
3) Don't follow your heart and please do some r&d before taking some decision.
4) Don't believe in FUDs.

If I think it's simple, don't panic when bitcoin leaps down until you sell all of your assets, but first consider a little, buy at a low price and sell at the price above

Those who gaze at chart most of the time of the day surly they drop casualty to intellect stretch. And in the event that you have got inclination of doing anything instantly then its perilous propensity for you. Have got persistence control feeling. On the off chance that it gets to be as well much for you. Take rest.

true.  but its not all time good decision to hold and wait for raise up. now current price ups down makes people confused.  they try to sell some from that holding btc. and on ther other hand at the cheap price people try to buy more for holding

i think is vary from person to person.always patience is needed for a investor and can not scared in a critycal situation.just wait for good time.

firstly we should buy the bitcoin when we think that its the lowest price and no more price will fall and when the price rise we should not wait for it to that price increase more we should sell it even with little profit you may happy and don't get frustrated always think twice before buying or selling because every step you take you may be successful or maybe a loser.

Looking at the price chart all day could be suicidal. Once it appreciates a little in terms of price and it could be maintained could tempt one into selling. Invest and brace yourself for what is to me. That is one key feature to making it here. Well, people respond differently. Some people could argue otherwise and still tell you then haven't made a mistake even without following what's written up there to the letter. Just exercise patience, do not be greedy, you're good to go.

Yes You are right.These are the 3 fundamental rules.Thanks for the post.Personally, I schedule look in the morning(as soon as I Wake up) and evening(before bed)

Yes, it is right we all should avoid this three things during the dip period because if we do this we lost the opportunity to compensate our loss.

I quite understand your perspective on the Bitcoin price but you should know that your lowest choice price you wish Bitcoin to fall to is quite different from someone else thus no matter.how low it goes, it will still be expensive some other investor(s).

this is a good write up and i think i accept virtually all the points being listed here. it is a fact that as a good investor we dont really need to be looking  at the chart all the day long because most of the time the chart might drop due to market manipulations or some other reasons. so in order for you not get discouraged on your investment, dont constantly be looking at the market chat.

Trading or investing in cryptocurrency is a psychological war against yourself. Stock traders often say that investing in traditional markets requires extreme mental discipline. That discipline is how they control themselves when the market is volatile. How they stop from making stupid decisions, and keep on track with their strategy.

Thank you for giving us such information. I learned something about this article and I think I can apply it now in myself. I am sure that there are also people learned from this article.

yes you are right this information is very good for new users so they will not be rash and will not panic easily and do not let you get stuck in a very expensive price selling assets that you have at a cheap price that will make you lose a lot. as much as possible hold and if you still have capital then you can buy it again by utilizing the price position that is still very cheap.

We are all aware that market right now in suffering from a big crash. Your tips are gladly appreciated especially that my hodl coins are near on being sold when my emotions are on the edge of selling them while having this kind of panic-selling. Our deep emotions are our enemy when the market is like this, unstable and unpredictable.

When Bitcoin drops.. I causes a panic feels. I myself feels to sell my token because of the price fall and it make me feel panic and having so many what if's.. What if it falls to the lowest price what will happen to my invest.. It's easy to say to people that dont sell their token if the price falls but if you were in the situation, it's hard but if you think hard and remember that even you sell it you just receive small amount and if you hold it, you have a chance to dou le the price..

Never panic sell in a coin that you believe in.

Don't forget that after every drop, a rise should come.

BTC is here to stay. Don't be afraid. Just be patient.

Your points are absolutely true . I want people to read these points because I can see people making posts all around panicking about the fall in price. They should know that fluctuation in the price is the nature f Bitcoins.

Over anxiety is one of the danger of bitcoin when you became too anxious the market will fall or is falling fear creep in to sell their coin, but don't be just relax and wait patiently,above remember there is always a massive rise to a fallen prize just be optimistic.

That's why it's better to stay away from the crypto market and not check the price every single time, because it will give a you a bad affect like you become anxienty and it will make you to make a bad decisions on the market. I think the best things to do when the bitcoin price drop is, wait and hold. Just wait until a good moment come, because i'm sure the bitcoin price can go up again.

Following and dicipline with our strategy is good thing when we trade in market. I think the most important thing in market is we should not panic with market movement because market fluctuation in crypto very high

Thank you so much for the advice. I think these tips can be useful for us.

That's 3 things really important it anyone involve with bitcoin. Many newbie becomes afraid at this time and do mistake and at the end thet loses. Don't need to be afraid at this time.

Don't get carried away by emotions and ambitions for big profits in a short period of time. Always be patient and always see developments that can cause a bitcoin price movement, if we are able to master it, then I'm sure to always benefit and never panic about the situation. in bitcoin price movements.

Well that's the bad part, there are people who get scared very fast. It is usually the people who bought it recently and never before has suffered a price decrease.

And they are looking at the graphs every 10 minutes to see if they do not go to the well.

I agree with these three things. It is surely important that an individual or an investor will have the guts to do something with his coin, it is just the perfect timing to buy at the same tome the perfect timing to sell. It is equally important that you should buy at the low price, the market that is not in a good state is a great opportunity to be grabbed. And lastly bitcoin is our future therefore we must consider holding it until the future.

When the price drop to the bottom that's the high time to hold some bitcoin by buy it. And don't be panic if you hold some and now it's market is down from your buying price. Be patient and hold it for long term.

I remain optimistic and believe that the price of bitcoin will increase doubled by the end of this year and I advise you not to sell it when the price is down. On the contrary, at this time we must make a purchase for our investment and we must remain patient wait until a sunny day comes for bitcoin investors

Many bitcoin holder becomes afraid about bitcoin market and then they start to sell their assets. But it's the time to be patient and hold it till the price increased. So it's not the time to be panic.

I agree with your three important points not to do while price fall down. We all crypto lovers as well as crypto holder should know and follow to get escape from lose. I suggest you another point, that is panic sell, is very bad in business.

Actually, imo taking profit is the best tactic (better be safe then sure), and nothing to blame there; why always want more? Just want less and be grateful.
The prices are not controlled by people not selling, but by over all volume... because this show the implication of people, and how many are involved in it.
Day trading or swing trading, imo (i am not an expert) is all about entering at proper time, enough to build a base (ur on 3% gain for example), use that for next entry, either take the profit, or just add more to the investment (take new position), and so on.

I noticed i am way more confident if i even have a small profit since last trade. This is how confidence is BUILD ON, victories, LOTS of small victories.

Nowadays crypto market has a slight recovery and it shows that bear market has temporary ended. I think this might be a good start for the crypto market in gaining it's momentum to a much further increase in the coming weeks. Investors are now at least slightly comfortable with the current adjustment and hoping for a sustaining pump soon.

In moments like this people tend to be inhesitant in their acts all because prices have declined but in all, be patient and considerate in your decisions,do not sell your coins with the fear of it dropping again, dont be a coward buy more coins if you have the resources to.

Nowadays crypto market has a slight recovery and it shows that bear market has temporary ended. I think this might be a good start for the crypto market in gaining it's momentum to a much further increase in the coming weeks. Investors are now at least slightly comfortable with the current adjustment and hoping for a sustaining pump soon.

When the bitcoin price falls, I sell it at a low price and I'm afraid that the price of bitcoin is bigger, so most traders sell their bitcoin at a lower cost when its price drops.

They are practical steps really, however, it will be kind of difficult to follow and adhere to. Where your treasure is, there your heart will be also. It can only be followed strictly if the amount invested isn't that much. But where it's a substantial sum, you'll literally be living from following charts to seeing greens everyday. To be candid, the points you raised were awesome. Looking at charts all day long could make one vulnerable to anything. A little flashlight of green here and there could make one to sell, without much recourse to if it will improve. One tends to calculate hurriedly in such circumstances. All are geared towards eliminating being a panic seller. Thanks for the tips.

Panic selling is probably one of the biggest mistakes a newbie or anyone can make, and unfortunately it is the mistake that we are seeing the most at this time, this is especially true for ethereum, a coin that has been hit the hardest when it comes to its price because as we know a lot of icos are having problems getting money in order to develop of their projects, and as you may guess this creates a vicious circle in which a decrease in the price of ethereum creates even more panic and then more people sell.

However I have the opinion that ethereum is going to recover and when it does all of those that sold their coins are going to be very sorry for their actions while people like us that take advantage of the great prices are going to be very happy with their profits.

I am definetely not going to sell my coins at the current  prices.

Current I am in loss especially with coins like ETH where the loss is about 30%. I am  expecting growth in coming years.Day tomorrow is also very important in my opinion when there is judgement coming in India. If they give a decision in favor of crypto, it will help to accelerate the prices.

OMG!!! these 3 things are exactly  what i have done always in such situation!!! so i am a big looser  ;D .
many thanks for your great advice . i will try to be more patient and trade without emotional reaction .   :'(

Let me share my own experience here, I have lost my capital multiple times in my initial days of trading when I used to trade based on the others opinion without doing my own research and hence it is something that I would never recommend to others. Whenever the price falls, we generally put ourselves under the panic situation and take decisions just because the other guy is doing the same.

I want to welcome you for sharing these important three points. Most of us among crypto lover get mad when price fall. I suggest them to follow these three rules. One of another point ,dont be insane while price fall down. Be careful with your crypto and wallet.

Thanks for your nice information. we know that the price in Bitcoin market as well as in crypto market is not stable at all. anytime price may fall or rise. It's totally depend on investment that make market Cap.

There are so many more things that you should have added to the list but it's okay, the ones that you said are the important ones. However, I think the most important one is to forget about that I am holding a Bitcoin, it really helps you to keep your head cool and not to lose your patience and panic.

I have to admit that I am really glad that you asked cause because of lack of information most of the time people makes major mistakes on this period , first of all you have to be clam don't take hush decisions then hold the transaction for a while as long the market got improved.

I agree with you in these points. I think every bitcoin investors should know these things. Because many investor do panic sales when the price falls which is bad for the market.

Very good advice indeed. But people now a days have no knowledge about the market that's why they get paniced when the price goes down.

I agree, indeed a trader is carried away by these three factors, but the most profitable one in my opinion is that trading cannot be done at any time to buy certain coins but buying bitcoin at the right time is right for us to have to wait weeks or even months for stay away from the risk of loss.

Solid counsel, I have constantly kept up that tolerance is required and the capacity to control our feelings is required when seeing the market. Another thing we can do is to stay away from the news that can influence our behavior at that time.

Well that was indeed true! I would like to add that if you see that the price is hitting the bottom I suggest that do not I reoeat do not do the panic selling because it will not bring any luck to you. It will only cause a disaster for your coin that you will regret later on. So if you see the market which is the dropping of price of bitcoin, learn how to wait patiently because it will rise once again.

You are correct stirring at the price chart each and every time will drive you into making hasty decision thatay result in lose so stay away from the price chat for a while, and also never sale out of panic this is another major way you lose your bitcoin you see many people rushing to sale during a Sharp price fall and at the end tends to lose they bitcoin to FUDS who are the originator of fake news that have negative effects on the bitcoin market most times.

First thing, do not sell your bitcoin.You have to wait until the price of bictoin goes up.Secondly, do not be impatient because the bictoin price will go back to its value amd can still inflate.Lastly, do not trade or else you will not gain profit.

Yes i very much agree with you

Do not
panic sell
do not be impatient
be patient
have a rest from trading for sometime
DYOR
relax

That's is really true and I have gotten something out from your post. What I personally do when the btc price goes down is that, I make sure I exchange is for USDT and then reconvert it back when it hits the moon. That's my secrete and it has really helped me.   

in the first do not lose heart and do not get upset, secondly, in no case to sell bitcoin and thirdly not to sell bitcoin

Thank you for your advice, I think it can be helpful. I liked some points like invest in going down market, not selling coin at the time of soar and most liked about the suggestion regarding time management. We should need to utilize our time properly.

Chasing a trade is one sure way to lose money, if you have missed out on a opportunity to get in on a particular trade, do not try to do catch up because it always ends badly.it applies to all  coins

If one could only have the patience to wait for some time, you would discover in many cases that it was the most logical option that could save you some  money because the  market is cyclical

Great topic. I will surly follow them. If every people start following this steps they'll never lose there money. Panic sell can lead your money in to lose as you said " Do not sell your coin when looking at your coin soaring! " its correct if people stop panic sell they'll never lose

When the price begins to drop is not the time to ever think of selling, except, of course you are very much in the profit margin. Then you must understand if the market prices will depreciate for long and hence sell quickly or else, if it is just a glitch then it is advised that you hold the fort!. The best thing to do when the prices fall again is to invest- yes buy more coins and hold them. It slows the downward slide (if you buy a chunk) and then gives you a potential profit in future.

I think it would be too much if we did not care about the charts when our money was lost through it

Yes, the advice you have given are legitimate points that everyone should follow, bu the fact of the matter is that many jump into cryptocurrency just to make a quick million without knowing much about cryptos and how they behave in a market. I hope people will love bitcoins and other cryptocurrencies for what they can do to the future of our society, not as an investment instrument to get rich quickly.

Do not panic. Sell if you feel like to, it's always up to you. Be patient.

We can look at this kind of situation as a opportunity, opportunity to buy more bitcoins and keep it until the price is back and have patience because patiene will be the greatest weapon we can use here in crypto world, and be wise so you will be not fooled, because in this crypto world there is a lot of scammers around this and many still desiring to get your bitcoins but don't you dare to sell it, DON'T BE A PANIC SELLER, don't be a panic seller because there is a lot of fuds is saying that bitcoin will die or down or what but don't you believe them because 90% on the internet is just a sh*t

This one is among of the few rules to apply when btc price is dropping, if you dont look in the market frequently you can save yourself to avoid the usual mistakes we commit like panic selling. Seeing the price dropping is not a good view especially if you are not patient with your investment and set to hold for short term only, in my experience btc is profitable if you hold it for long period thus in order to follow my plan I dont monitor the market often and focus in other things instead.

The first, of course, don't panic and avoid selling losses. be patient and be optimistic that the market will recover and keep holding our coins. Make an opportunity when prices go down by buying as much Bitcoin as possible when the price is at a low point.

It's also important to accept the potential consequences of your trading decisions ahead of time.

Especially when trying to catch the bottom.

I switched a good amount to alts just to watch them keep going down another 40%! (although less in bitcoin terms, and one actually doubled)

I guess it's also important to understand the opportunity cost of your decisions and the potential need to lock away the funds for a very long time especially if you want to make money.

I wonder how long it took from the last bottom to the last peak at 20k.

It was more than 3 years before there was recovery after Mt.Gox.

And Mt. Gox was really ugly.



Then there is the one that the government tells us. It's along the lines of past performance is not an indicator of future outcomes.




Unfortunately that's true over 95% of the time. (for mutual funds according to this article : https://www.businessinsider.com/mutual-fund-performance-persistence-2014-7)

Well, bitcoin isn't a mutual fund but as long as people are treating it as an investment the market is really distorted.

I wonder how untrue the statement is for commodities and currencies, bitcoin and crypto are really their own thing.
Still it's good to think about the fact that the world doesn't always follow a clear pattern, and the boom and bust cycle doesn't mean that you never lose money if you don't sell.

You can very well never sell and lose all your money and bitcoin is not an exception.

Edit: misspelled "is" as if.

Do not worry about your capital because if you will sell at loss, you will definitely lose your money. I do not scare everytime the bitcoin goes down specially that I do not have enough money to buy bitcoin. I want to invest more in bitcoin and ethereum when it will fall.

We shouldn't be frightened or anxious when we encountering defeat on the grounds that as we recalled this framework are typically has a high unpredictability, along these lines, the destruction is exceptionally regular things to happen.We need to accept that and make plan accroding to this.'

I started in January 2018 with cryptos purchases. A week later there was a crash. My balance went red and I sold everything at a loss. It turns out that it was a big mistake. We must never sell at a loss, we must learn to trust our corners and give them time to go up. Crypto marches are dangerous because they are unstable. You have to study to know when to go in and out. We have to set ourselves goals, but we are in a sharp decline right now and it's hard not to panic. The best thing to do at this point is to stop looking at the charts and the market. Allow time for everything to come back and everything will be fine. I lost a lot of time watching the charts all day long and it did not help me. I will have to turn off my computer and enjoy my children.

Three things I think one should obviously do when the price of bitcoin drops are:
Do not panic,and avoid panic sales
Be patient and purchase more bitcoin at lower prices
Hold and sell when the prices go up,and make more profit.

. at the moment the prices up and down make people confused. they tried to sell some of the holding btc. and on the other hand with cheap prices people try to buy more to hold.

the lower it goes the more i can buy, i hope it keeps going lower (even lower than $4800) so that i can buy even more. when it hits $1M per bitcoin, you'll be happy it was lower now. Sure, it "feels" bad now, but think how good it will feel when we're all millionaires!!!

the opinion that you convey is very appropriate if all investors have thoughts like your opinion crypto currency will become more developed of course, if all investors understand all the risks that will be gained in investing I think it can make investors more confident and believe what you invest

Everyone says that they do not sell on the fall of the market, and still a lot of people are selling. There are always and will be people who will fail.

Three things an investor should not do when the price of digital assets drop is .
Do not panic sell your holdings.

Buy more digital assets if you have more money.

Do not spread fud....be positive at all times.

We cannot control one's life if he is  really willing to lose some part of his investment.Sometimes there are also inevitable things that will happen like emergency cases so we have to sell our coins even if its not our own will.In times of market drop,we should also give ourselves a time to relax so we will not be always looking on the price charts and gets frustrated in the end.

I do not know what three things should not be done when bitcoin falls, but I can say for sure that you should not panic and withdraw all your funds. You need to know and understand that the cryptocurrency market is young and volatile, and you need to invest for a long time.

It relies upon the individual holding the BTC. At the present cost of BTC, you can't stay away from to take a gander at the value graph and holding up to rise once more.Nothing is predictable here actually. But the advices are worth to follow.

Indeed! A lot of people tend to do that because of the lavk of knowledge about how the true market circulate. I would like to add that panic selling is also a not do whenever you see that the market is below what you expect. Do not abandon your coins is another one. Keep believing and wait patiently because from time to time bitcoin will always face or hit the bottom but after that expect that it will once reach its peak.

The best thing to do when investing is to buy bitcoin, choose a good wallet and forget about your coins. You absolutely should not worry about the price fluctuation, because ultimately the price will still be high.

This panic arises only from a lack of knowledge about bitcoin. Those who have studied it well understand that price volatility is an inevitability that you just have to accept.

Even still I do not agree with you on Bitcoin going lower because even if that may provide as an opportunity to you because you can buy low it will bring a great disappear among the investors.

When prices fall i always do my best and gain a lot of coins and hold and even if possible should drop a bit so i can accumulate at cheap prices.

This post should be read by the newbies. I don't think experienced traders and investors don't lose their cool so easily by seeing Bitcoin price dropping rapidly. People who have been with Bitcoin since the start, have seen almost everything possible that the newbies would not understand. If you panic in a volatile market, you'll eventually lose.

I agree with this, I know that some of us waste their time on focusing and staring at the chart. And also dont panic selling you have to be in the right mindset so you can make wise decision for your bitcoin. Thank you for this information I hope this also help others to realize the things they need to do.

For me the first things that you do not need to do when the price of bitcoin drops is selling because you will regret it if you do that. Actually you need to hold for the long time if it happen.

I think you are right many people do get panic when they see market price and with the result of this they quickly dump there coin because they think the market is about to crash just as state above it is very important to test the market with small value of to see what it will result, to avoid regret when it fall to be that the market is been pump and dump.

Number one thing one should avoid is PANICKING. This will surely lead to numerous problems. Panicking will get in tour emotional state which causes you to PANICK SELLING. Then you will regret it afterwards. Lastly, DO NOT QUIT bitcoin. Believe in bitcoin always for it will have time to recover.

Trading without letting your emotions get in the way is probably one of the most important things that any trader that wants to become a professional needs to do, once you develop a system that you know it works the only thing that you need to do now is to implement it, but that is precisely the moment in which most traders fail, the implementation of their system, as soon as things begin to go in the wrong direction they begin to question the system that they have created.

But if you really tested your method to try to make money out of the markets then you have nothing to worry about you just need to follow your method and not let emotions get in the way, I know it's hard because I have gone through the same but if you want to become successful you will have to do it.

All the above is true and right also don't forget that don't be panic when we see the market is suffering in bearish time much better to be calm and do a great strategy instead of contributing of dropping.

1. You should not buy bitcoin and store them.
2. You should not scare and sell your bitcoin.
3. You should not keep too much bitcoin.

I think everyone knows that buying, and holding back are decisions that must be made when the market drops.

reduce trading activities, or short-term trading and short-term investments can result in little profit.

This are the right thing to do when prices drop instead of being panic of every fall. Watching the chart all day make you sad but take a look on the bright side of it. Buy huge volume at lower price makes you lessen the risk because once the price recover you are going to gain good profit even it takes longer time.

 Precisely, the moment we sentimentally making move difficiently, is the mere fact of big loses we aim. Well in fact, our emotions connect on how we deliberate the holding coins. The consequences of wrong decision must be blame on your own and do not spread any fud that may affect people on panic selling. Furthermore, the big contingency of massive profits is to hold it even it takes more years and only patience is our compassionate factor to win the battle. And I only suggest to contour your emotions ,so the thriven is ours.

I agree with your three tips. And another important thing should stop, panic selling. Some people try to catch the right time to buy and sometimes they fail, some people start panic selling if the bitcoin price drops! They think when the price will fall down again, I would buy. But they can't buy again, so panic selling is a very bad impact for the bitcoin and dor the sellers too. You may add this tip as a sub-tip!

In my opinion, too, don't feel panicked when bitcoin goes down because feeling panicked shows a sense of fear and starts selling assets at a low price, it will make things worse. So don't panic, just calm down all will return to normal.

Perhaps the most important advice is not to sell your coins. Panic is very easy to get infected and on this wave to sell their coins to help out at least some money. And this is the most common mistake among beginners.

You have created a very useful theme, especially for people who are facing a price drop for the first time. The main thing in this period is to remain calm and not to listen to the alarmists. And then your investments will be all right.

The drop in the price of bitcoin is a kind of test of the investor for literacy. If you have studied the technology and the market well, you will never panic and will not sell your coins. So if because of the fall you want to quit investing - think carefully.

First of all, don't panic. Second, do not sell at a loss and third remember that after the fall, there will always be growth!

When I was a newbie I have been told few things about bitcoin investment and they are the most important to make profit in bitcoin market and the most important one is that bitcoin is a volatile crypto currency so it’s v will flactuates and is subject to market risk so the thing that I learnt that one should never do in the time of deflation is that never be impatient and always invest wisely that be very precise while buying and selling of your coin and the most important thing is that learn holding your coin.

I agree with these advices and I want to add something. Do not insist when you keep losing and losing. Determine an exit point which is max. %10-15 loss. See lower prices as buying opportunity. But do not try sell and buy all the time. You can lose everytihng in a couple of days.

The things you share above are very useful for new entrants to the crypto market. But I think the third thing that is still incorrect is that you should think about it more because many people may misunderstand the health issue.

When you look at a chart of the value of a crypto currency, watching how it falls in price, you are wondering when the decline will stop. You involuntarily try to "grope for the bottom." You are trying to enter the bottom of the trend to buy the currency at the lowest cost and earn more as a result. But such "fumbling" is very dangerous, therefore in the English-speaking investor environment it is also called catching a falling knife - catching a falling knife ;)

any trading activity must have an entry strategy and an exit strategy that can be based on either indicators or event conditions. then the trade will be clear it will be either an investment or speculation, which without a difference at what price to enter and exit the main pick up movement.

Bitcoin is a volatile crypto currency and thus valuation is subject to market risk and varies according to market demand and supply so the pump and dump in the valuation of bitcoin is very common so the foremost thing that one needs to do in the time of defyis that never loose your patience and be very wise that when to buy and selling of your coin as the deflation time is not for panic selling of your coin, it is the time for holding and waiting for the next pump.

I agree with you . The information you shared really helpful to me. We should control emotions whenever the market falls. If you have some capital I think you should continue to invest even when the market drops.

I think in this situation should be set clear plans that sees an investor. If a person really analyzes correctly, he must understand that the market will grow and bring profit. This stage is like the calm before the storm that soon must take place. Our task is to wait and not listen to negative comments.

Also don't trust on rumors, don't sell your bitcoin in hurry and mostly don't let your trust be aside from bitcoin.

I have only two things that I shouldn't do when Bitcoin price drop it is selling and trading. But I continue to invest because I believe there's no reason to stop investing everytime its dropping price because eventually it will back again, sometimes I calm myself then continue to do it when I know the situation is good enough. Also Bitcoin price drop is always happen but in the end it rise again, so the best to do is to wait and have patient.

If you trust on rumors so easily, I don't think you can call yourself a good investor or trader. As an investor, you should be able to find trustworthy sites or sources of information that can help you with your investing and that is also means great profit. Some popular investors is a great example of great sources of information since most of them releases their own books about their experiences and trading techniques that can help you.

Guys I will just sum up my experience here in the market in just two lines as below:

In Investing, always remember that Rome was not built in a day

&& In Trading, always remember that Hiroshima and Nagasaki were destroyed in a day.

So whenever the prices of the bitcoin and other crypto coins drop, instead of creating panic, you should maintain your calm and act wisely!

Yeah, that's a good advices. First of all we need to be very patient. For me, best thing that  I can do when the prices drop - nothing. Just sit and wait (if it's happen not after "moon").

I guess when the price of bitcoin goes down, what we must do is stay not to get panic because it will lead to wrong decision.
If you hold huge amount of coins, your loss will be big if you wrong choosing the actions. We can calculate if we want to cut our loss, or buy more coins with a lower price later.

For me i do things when i know that bitcoin price fall and for me in these days market down is a panic and i stop selling my coin in that time while i advise this to others people are now aware that we should hold our coins and instead of selling we should keep it for future.

You are absolutely right more especially selling coins out of panic and also staring at the chart all day can actually give some one hypertension cause they are emotionally attached to bitcoin

Many investors generally recommend not to watch the price of bitcoin if you are investing in the long term. As a result, the price will still recover, and you will only spend your nerves, and it's good if you do not succumb to panic.

True indeed. Too many people trying to catch Bitcoin or other cryptocurrencies at their lowest. They should actually be trying to buy in at as low as they can, rather than the lowest possible. Catching the bottom of a dip is extremely rare, so don't be afraid to buy even 3-5% higher than the base of the dip, so long as you are some distance from the ATH when you buy in, you will stand to make a profit in the long term.

I try my best to stick to the strategy you described, but I can say that this is incredibly difficult from a psychological point of view. When everyone is talking about the fall of the market, the incredible losses of investors and the like, of course there is a fear of losing everything.

Simple thing is dont get greedy sell your coins if you geting profit....

If you still watch it, you will just become anxious about it. For me, the fist you should not do is selling or trading. Never trade your bitcoin when the price is dropping, you will only get a low profit.

It's simple. Use the mechanics of other investment lessons to treat Bitcoin investment also.
First and foremost, do not panic. panicking can only lead to impulse actions, and this can make you make some trading mistakes like selling off your coins. Bitcoin has fallen to ground zero before, and has also risen to its peak too. So this is a proof that even if the prices fall, it will definitely rise again, it's an investment.
Secondly, don't follow predictions. People who are worrying will definitely infect you with their ill mentality. Stay off those kind of people with weak emotions. 
Thirdly, stay off the charts.

when the price falls, you need to either prepare to buy or sell at the beginning of the movement down and buy when you think that the movement is over. even to buy it for 10$ cheaper will turn profit.

Great thoughts in life, its true I really like the idea of this one. We should be more wise so our hard works will be paid off later on. Investing/trading is not so easy it requires everything, and we should always remember that. There is no guaranteed in this market, when the market drops no guaranteed that it will recover right away, we need to be wise and have patient. Panicking is not good, just make a clear strategies when the market drops again.

The problem with many traders is that they concentrate themselves in obtaining short term profits and while that may work for a while it is not going to work for the long term, the market of cryptocurrencies is incredibly unstable so it is better to set yourself long term goals that you can achieve instead of unrealistic goals that are impossible to achieve in the difficult conditions of the market in which we find ourselves to be in.

So the best thing to do right now is to just hold your coins and try to find the perfect moment to enter in this market, because even if I expect a recovery at the end of the year it is not going to be anything close to what we saw in the previous year and people need to accept that fact.

The most important things need to knows of the holders and investirs if the price is dropping
Do not panic selling to avoid cause of loses some of the cause of loses is panic selling
Need to learn themself how control panic during the price drops
This strategy are very effective ways during the price drops

This is also good never panic selling when the price of bitcoin drops. The most mistakes of other users has was selling right away to avoid loses. Well, in fact the more they are on panic selling the more they suffer of losing their coins. Patient and be calm is necessary this should be carried by every users.

As for me, what I personally do which has been helping me is that, when the prices goes down, I try my best to sell or exchange all my coins I have into USDT which is a more stable coins even if prices goes down.

I totally agree with your points, people miss them alot, if you are here to make money and trade there is other ways, but if you invest all the money you have and stare at the charts, and invest in the FOMO, there is a big chance you will lose what you invested by doing the wrong moves, think about the long term, or be smart about trading.

I think the three things that we shouldn't do are selling and trading our coins or buying cheaper coins without looking its if that coin have worth. We should wise even more especially in cryptocurrency because before you earn to it, you need to know that its not easy to do, you need to strive more and need your time and effort. So doing the dos and donts will help us to avoid mistakes.

DO not panic ,do not sell by dumping and do not raise force alarm.

1. You should not keep too much bitcoin.
2. You should not buy bitcoin at this time.
3. You have to be patient and wait for the bitcoin to rise again.

I want to add 1 thing is that do not be a panic seller. Whenever bitcoin price down, people tend to be worry, panic and sell their coin. But i think you will regret soon, just hold and do not sell

Don't lose your mind
Shouldn't make the decision hastily
shouldn't ask women.

to my own opinion never buy because price are droping , it could a  trap. always use fundamental analysis and technical analysis. this will really help you you catching out huge profit. never be too greedy or fearful to take decision.

When the Bitcoin market price drops, the first thing we need to do is not to panic, as that will not make us panic sell. Then we need to calm and hodl our coin

I have plans for my bitcoin so I am not move by the market force, FUD and some events that is making some people to nurse fear. People have different motive of purchasing bitcoin, The motive is what make people to panic and sale.

This is also the experience when you trade everyday, contributing to create more experience for beginners. This is a basic lesson in trading but most people are not able to do so. People always face FOMO and can not improve.

When Bitcoin price drop I only did one thing which is to control my emotion. It is because emotion could be the reason why we did something unnatural, something crazy and stupid which will result in loss. The best thing to do when the price of Bitcoin drop is to buy more if you still have funds to invest. If you are a holder then the best thing is hold. Here in this crypto industry every trend is an opportunity whether it is uptrend or downtrend.

(•) Don't look the price in the market. It's really hard to understand why is it become like that and it's definitely dropping.
(•) Have more patients to wait while the market are dump.
(•) Everything there's a reason to happened, and everything will have to fix by faith, so don't give up one day will resolve it.

yes that's right what you say with no
1. Don't try to catch the right market!
2. Don't sell your coins when you see your coin soaring!
3. Don't look at the Chart all day!
and most importantly if there is money you better buy it when the price drops, then you will get a lot of coins.

I also want to add one more thing.

Do not buy some altcoins during the drop of the bitcoin price.

When BTC start to drop, people who have altcoins are worried about their investment because the volatility of altcoins are higher than BTC and start to sell their alt to decrease their losses. This means alts are wipe out during the bear market.

When the price of bitcoin falls, then you should not panic and keep monitoring price movements and actively look at factors that can affect price movements, and most importantly, keep holding patiently, do not sell if you have not yet benefited. That's what should be done when the price of bitcoin goes down, because we must continue to believe that bitcoin remains strong and is still the king of crypto, bitcoin will definitely rise again and we will always get profit through bitcoin investment, always be patient without obeying emotions.

Yes, you really can actually help information for new traders smarter to choose what will be done when the price of bitcoin falls and can avoid losses.

One thing I did when the price of Bitcoin dropped was, keep patient and don't sell coins at cheap prices. that's all I do, and if the price doesn't go up for a long time, then I will look for other activities, the important thing is that I keep my Bitcoin even though the price is down.

I agree with your opinion especially number 3. We should not see the movement of the price all the time. Just be patient or panic. We can buy the coin at the lower price. We must believe that the bitcoin price will be rise again. It gonna be happen if we trust it. Don't sell it panicly ! Just be patient.

I have seen a trend where when Bitcoin price comes crashing down, almost all the altcoins seems to follow suit as well. But one thing that OP said which I don't agree is that we should not sell when the value rises. Some have set a specific target to sell when they invested initially,  I think that reaching the said target will be an okay time to sell.

So are saying that we should not panic but keep looking at the charts/price movements? Do you really think look at the price will help you not to panic? Instead just starting at the price will act as a catalyst to increase your anxiety and make you more nervous. The best thing to do is just stay away from the market for a while. Sit back and relax. Just check in after few days a week.

When you keep checking on the market all the time you will actually lost interest of the market and this causes panic to all weak hands and if you sell out of panic you will regret when the market picks up

That is right due to the fact that we are expecting more of the price, and what we just want is to see the good side and without taking advantage of the positive side, that is why we should be careful with our own action.

I don't need to panic, indeed, if it's just the beginning of bitcoin trading, let alone using big capital, it must be in panic because you bought it when the price was expensive and suddenly the BCC dropped dramatically. but calm down later also back and can be more expensive. the point is just to wait if you trade and don't have to panic because the prices are up and down

If you sum up everything that was written in this topic, then everything can be said much easier. For any investor there are only two points - the moment of purchase and the moment of sale. You need to buy when the asset has fallen very heavily in price and sell when it is already impossible to not sell.

Curious advice. As for me, it is better to hold Bitcoin during this time and do not do anything with the cryptocurrencies. As practice shows, this strategy works always.

When the price of Bitcoin drops, you should hodl instead of panic, by hodling, you will lose little or even no loss. You have to be smart and make good decisions when prices fall.

need to wait and see how bitcoin can do in the future,

I agree with "don't jump into a coin when the price has jumped too high". Usually there will be a correction in price before the trend continue or changed. Btw, in trading everything will look very complicated especially what is the right time to start to buy and what is the right time to make sell order. Each person must have his own way and it differs form one to another.

Yes, that's probably one of the ways you do when the price of bitcoin goes down. But it all depends on what you choose because all the decisions are in your control, my advice is to think carefully and wisely before you make a decision.

Whereever there is a pump, people don't care much about what they are buying. As long as they have that feeling of getting rich quick overnight and until they are buying in. At least this is what majority of people do. BTC can be used as a currency but mostly it is used for trading and for flipping money with other altcoins etc. Of course all of them are correct. Everybody should have the right to believe in what they want, it is their choices in life..

For an investor it is important to know that what he should when the price falls.First of all he should not panic.By panic selling he will just make his investment disadvantageous and useless.He must have enough patience to hold his coins in hard times.If he will hold and wait for the right time then he will surely make his investments gainful.One more thing an investor can do is to start trading.By trading he will buy and sell on regular basis and in this way he will be able to cut his losses.

i think  when bitcoin prices drop
1. check the highist price  wait for droping. and  sell 50% and hold balance
2. wait till price rebond
3. than buy bitcoin and stop loss at lowest price

Panic Selling, because we all know that many people are always in the mode of panic selling because they believe that their funds is in trouble and will drop too. Next is not being wise. We all know that today market drops and many people are using their money in such things that they didn't need so be wise on using it. And last is Strategy builder. You must know some strategy in order for you to earn profit even if market drops.

I think, when the price of bitcoin goes down, the market will also go down because almost all crypto will have a low price, and at that time I will hold the bitcoin that I have and I will patiently wait until the price recovers

The main thing is not to worry if the cryptocurrency that you bought began to fall in price. After all, after a while it will grow again.

We shouldn't be frightened or anxious when we encountering defeat on the grounds that as we recalled this framework are typically has a high unpredictability, along these lines, the destruction is exceptionally regular things to happen.We need to accept that and make plan accroding to this.

I really do agree to this thing because nothing will happen if you stay looking at the chart all day. It is right that just stick with your strategy and everything will be fine. And also, you can do other things too when bitcoin price drops. Go walk or go to your otber stuffs. Dont just stare at the chart all day because it will be really tiring

Panic selling is a very interesting thing to watch, because when the prices are going up people show a lot of bravery saying that they are going to hold their coins no matter what happens, but when the bear market appears suddenly all that bravery disappears and they sell their coins as fast as they can, I understand this, they want to protect themselves and their savings but if they were not willing to hold their coins for a long time then what is the point of buying bitcoin in the first place.

So all of those that sell in panic need to make a fair assessment of their personality and their characteristics as a person and if after that analysis they understand that they are unable to hold bitcoin for the long term then they should not buy it on the first place.

in my opinion, three factors that we don't need to do when the price of bitcoin goes down is don't buy a lot of bitcoin, don't ever leave bitcoin and don't save a lot of coins.

Do NOT panic
Do NOT sell
and please do NOT write hysterical twitts

You should never panic when the price of Bitcoin is low. And whenever the price of Bitcoin goes down So you should never have your own coin sale. And you should wait this time. Because the price in Bitcoin is not the same all the time.

ahha) everything I wanted to say, you read my mind :D HODL and be patient guys)

Why can not we sell our Bitcoin as it dramatically increases? I think it's a good idea to sell them when the price goes up, and you are profitable if you sell it. Accept a high rate to make a profit and buy back after it starts falling back. Move wisely in this market.

Do not fomo and then get rekt thereon.
Do not dump your portfolio at loss because of fear of uncerntainty.
Do not go about writting epistles that negatively portrays the cryptocurrency market.
Hold your coins even tighter.

Totally agree with your points! It's something every person here should know. I also think that it's very important not to spread panic in the society even when you're upset and afraid.

Thanks for the advice and the other thing is to keep calm and don't panic because there could be an argument made by both seller and buyer

One thing about Bitcoin investment that most people fail to learn is that the crypto market does not move in a smooth upward motion. There are times the market goes up and times it goes down. One thing that is certain, the market is gradually making a collective rise irrespective of the ups and downs seen sometimes. Bitcoin has seen a collective rise in price comparing it to its price in about two years ago.
Lets exercise some patience, Bitcoin will definitely rise again.

from what you convey is very useful for investors who have less confidence in investing, before investing maybe before we can know with all the risks that we will get in investing because with the conditions and circumstances as it is now is the confidence and patience of the main capital in investing

The most important thing is do not panic sell your coin when bitcoin price drop. We should hold our coins until the market look better.

The main key is not to panic in seeing the market situation that continues to move either the price goes up or the price goes down. When the price goes down I will buy by not putting everything I have and then I will see another coin which I think will be good later. No need to quickly let go of what we have, watching and patiently will make a profit in the short term that we want or long term.

I think three things could be:
1. Do not be afraid or think too much.
2. Do not sell bitcoin that you are holding. This is not the best thing to do/
3. Do not do anything, please wait for the bitcoin to rise...

I agree. Be patient is the most thing to remember because if you get panic you might lose everything. It makes you bored for watching the chart whole day and make you stressful. You have to so other thing and make your mind think positive for all down and keep believing that every fall has recovery.

Yes, you just have to do some things, like going out, enjoying the food, meeting friends ... less thinking. Because once you have decided you should completely trust the next step do not just add affliction. Take a rest, nurture the next plan.

Trusting your strategy for trading is the key and that would help you alot in catching the big fish in the market and never sell when there is still a room for more up , don't panic or fomo what ever coin you see going high and you are not in , let such go cause it might turn other way when you fomo.

Right, when you see the market price is falling down don't panic to sell your bitcoin, think first cause if you panic it may lose your capital and profit in your investment. Be calm and patient. Some newbies panic when they see price fall cause they don't have experience yet.

I agree with you this three things is very helpful to every one it give guides to every investor's, cause when we see the price value goes down sometimes we can't think wisely we got to panic to sell  our assets we cannot wait. But now this advisory is very helpful to every investor's to think first before move cause in a wrong move it may lose your investment.

I think that is very important to have your own strategy. When you have set clear and exact goal it's much more easier to hold on and not to make some fullish moves, like panic selling.
Besides these three things you have mentioned this is to my opinion very important. Also with experience you will set your own rules you will follow and you will not fall so easily under influence that could lead you to bad decisions.

This is probably one of my biggest mistake which led me to do regrettable moves. I watched the market often before, as often as going to the restroom is my only break, then I got swayed by FUD, fake pumps and dumps, pushing me to buy and sell at exactly the wrong time. Not only did I suffer big trading loss, but also I lost everyday productivity. Here's my advice: If you are not emotionally unstable, which is expected of beginners, resist checking your assets frequently. Consider it as a long-term investment, and continue with your daily life. That's why you shouldn't bet on coins which you aren't sure of to avoid unnecessary stress and irreversible mistakes.

This is definitely right , nothing will happen if we just look at the chart all day. It doesnt change the price. As an investor we need to learn how to waut patiently to get or earn the profit we want. We have different strategies on how are we going to manage our coins when prices drop but this strategies may also help us.

Nice answers dude,but you are right because cutting loss in this dip is not an option
Bitcoin is the greatest creation human has made and this future currency will bring fortune to all of us so better hold the coins or sell then leave cryptocurrency,because if you can’t trust the bitcoin then you have no slot in this community

LOL, this is what I completely been doing all the time. I have hard time catching up the market during downfall and always stared the chart often. I have probably done wrong like to what you said and anyway, thank you for this thread. Very useful and it even sank in to my thoughts on to what I am doing. BTW, is this also base on your experience for writing this one?

if I see the price of bitcoin going down. I try my best. 1. Do not sell the assets that I have.
2. trying to be patient waiting until the price rises again.
3. I am trying to find additional capital to buy bitcoin

Keep thinking positively that even if the price falls but it won't make crypto die, but it is an opportunity to buy cheaper and will provide benefits later, holding a smart strategy and being patient because in the future it will be stable again.

Probably, since we have different views and act when certain matter comes within the picture but personally ,I would like to commend not to panic selling since it contributes for the coins to drop and I think we will be bother when it reflects to the current price, and the other one is never ever stop working the more you work the more that you can be able to have a higher possibility for having better amount of profits, it's an actual thing that we became dormant when dropping season comes but remember that what you do today will reflect on what you can have for tomorrow.

Patience is the name of the game as crypto trader or investor. The points raised in the post are good to assist investors that are still a novice in the trade. You do not sell off your coins when you are in red this will bring total loss. The crypto market is speculative and the price reversal can happen any time so holding on will eventually bring profits.

Thank you for this useful information. Basically we have to be flexible and not be to tense when knowing that the price of the Bitcoin has drop.

It is clear that when bitcoin price falls it is unnecessary to immediately run headlong and sell all of your bitcoins, because it is better to wait for the moment when the market will start to grow again, the most important thing is to have patience and never panic.

never be panic and don't let it go' and don't give up that is the some of thing that you don't need to do when the price of bitcoin will going sown, its much better to keep holding and be strong for and be having patience just trust and everything will be fine

There are some things that I won't do if the price of bitcoin is down. First, I will not hold bitcoin for a long time. I will hold bitcoin for a while, while I think of a strategy to contribute to returning bitcoin prices for the better. I don't do this strategy alone but I do it in collaboration with other bitcoin players. My first step would be to campaign for my strategy to get a lot of support. Second, I don't feel panic. I will remain calm to see the condition of the falling bitcoin prices. Panic will only make me make a wrong decision. Rather than being swept away in panic, I better make an analysis of the price predictions of crypto currencies in the future so that I will be more experienced. Third, I will not leave Bitcoin. When the bitcoin price is down, I will still believe in bitcoin. Price fluctuations are normal so I need to be patient. I would rather want to improve the situation of bitcoin than I became a loser to leave bitcoin.

Yes I will not sell bitcoins if the bitcoin is down and I will hold my bitcoin until bitcoin is stabilized again. maybe there are people who sell their bitcoin when bitcoin is down maybe they sell because they need money at that time but i won't sell all my bitcoin when bitcoin is down

we can't deny it anymore, our goal is to do business or dwell in the world of bitcoin, of course, want to get more profit, a little we certainly think when all the risks are there, there are still sure and optimistic if we will make a lot of profit. there are times when we will definitely be high or down, but indeed that is the business world, we must be prepared for the risks that exist.

The bitcoin investment is not like any other coin, it has different strategy. If you invest bitcoin today;

1. You should invest big ammount of money, the bitcoin price is not changing just like the old days, stability has arrived.

2. If you have less thank $50.000 you should not invest in bitcoin, should go to altcoins market.

3. The biggest mistake that you would do is making panic and sell your bitcoin.

4. Please don't listen the speculations which says the bitcoin price will hit $100k etc..

  Holding is the best to do when bitcoin's price down, as it can give us an immense profits in times its stabilization appear. Also, never get into a panic selling as it can give a big loses. And be wise by looking with bitcoin strategy if it is still good t be keep.

very basic and effective tips for beginners! especially the panic sale part and the all day chart refresh thing. Actually, without patience, no investment can be successful. And the evergreen truth ,there is no easy money, you need patience, brain and hart to take risk to make money :)

I very often did not act as it was intended for the strategy and believe me I lost a lot of money because of this

In my opinion, the best way to survive these times is to prepare your strategy beforehand. Estimate how much money you will keep in fiat, btc, and altcoins. Also, estimate when you will supposedly sell or buy more. Of course compliance with the strategy mustn't be blind, as fundamentals may change, but extra moves may damage your portfolio even more if you lack experience in trading.

Successful people in the market are those who know how to buy and sell their currency at the right time. This requires patience and no fear of selling coin at the right time. And of course, good luck is also important. I've seen many people lose money when the highs are suddenly falling sharply, causing him to lose a lot of money, even though he is a very good at this.

Excellent written! 2018 was depressive for many. Many people lost their money precisely because of what you describe.
This happens primarily because people who came to the market are uneducated and have no experience. They didn't have enough knowledge, practice, sober mind, confidence and calm.
It's simple, take control. But in fact, it becomes an insurmountable task for many people.

I would like to advise such people: learn more, practice and work on your emotions.

why shouldn't we do this? because because of all the things that the author listed, we start to become more emotional and we get it wrong

therefore with this useful information we can all know things that should not be done when the price of bitcoin goes down, because with you not knowing or violating it, of course you can lose or lose your money

too much you say, and maybe all of that is easy to say and very difficult to do. Cryptocurrency trading does require strong discipline, but I don't think there are many people who can do it. when market prices do not match what we expect, that's where the new test begins. I myself will change the initial strategy if in my opinion it is not good to continue. everyone would want discipline in him, but in cryptocurrency trading in my opinion, it must always look at market developments, not just hold on to the initial strategy.

What you express is true, when a sharp decline in prices and in a long time, usually causes panic and some people sell the coins they have to switch to buying other coins that they see are rising. In my opinion, when the price of bitcoin goes down then we should stay focused and believe that prices will rise again. The best step is to remain patient, wait, and remain confident in what is our choice, so that in the end we will win a profit through a bitcoin investment we live.

Investors who do not have full knowledge of what the market is all about are the ones selling,thinking all hope is lost but that is not the case when it comes to Bitcoin investment.It will be better not to panic when the price drop but to accumulate more if possible.

what you convey in your opinion may be able to make investors panic and fear when things go bad and prices and values decrease because now conditions and situations are very bad and most importantly we must be smart in taking advantage of the opportunities we will get to benefit

For me, the best scenario is this: when I see that coin A is growing, I sell my half-dead coins and buy live coin A. With this coin, I can earn a little while, and with half-dead coins, I can lose even more.

Always be calm. Do not panic to sell out your bitcoin. Buy more when the price is very low.

You should also remember that we should not panic and hurry to sell it when prices fall

I always maintain patience and the ability to control emotions when I see the market. If I feel nervous and afraid that investment in crypto is not recommended. The best thing to do when you experience a fall Don't panic and don't sell your assets.

not selling, not buying coins that have not been proven to have a future. not sad, panic, cry. My advice in the down market condition is to buy coins that have a future and save until the market rises again.

Another thing I want to add is to stay away from unreliable media outlets that does not spit the truth. They are very good at spreading FUD so if you are following them in the great bear period then there's a great chance that you will get convinced by these people to sell all your assets and exit forever.

Great thread mate, very helpful tips for the newcomers here in cryptocurrency and aspiring traders on how to do wise trading on the volatile crypto market. I like all your tips, sometimes fear to take a risk is what dragging us down on investing here in crypto and the opportunity of earning huge profits here would not happen if you just stare on the market and dont make a move.

I just started to participate in bitcoin so need some useful information, thank you very much

This is not a good approach.  What if you sell your dead coins to jump in a growing coin, and then suddenly the growing coin which is already 5 to 6% up start to decline and your dead coin start to move up. This way you will be in no mans land and eventually lose more rather than gaining.

Buy low, sell high! That's all there is to it. Not only for Bitcoin but for any cryptocurrency. A basic rule that many still can't grasp because they get confused and panic easily. Trading is a mind game and it does require some skills particularly on market analysis. Bit it doesn't take a genius to understand how 'buy low, sell high' works.

it may on the complete option, with the current status you cannot be wait, which is not look to the expression

Looking for the bottom is always the hardest thing to pinpoint, everyone says 'buy the dip' then it dips harder lol so you need to layer in your buys and sells. This is what I have been thinking and even though it is hard ti implement it is doable, but you really need to be patient, whether you are trading or hodling Bitcoin. This market is not for the risk-averse of impatient types. Whales become patient because they wait always to scoop up at the very bottom when everyone else is selling off and panicking. They control the news and the FUD and FOMO that comes out of the  mass media outlets as well.

Agree. The other thing is to respect the cycles. We can see that probably every bear cycles, although we had had only 2 before, are getting longer. From that perspective, we can predict that crypto will find it's bottom somewhere in mid/end 2019. That's the logical viewpoint, but of course some deviation may take place, so layering buys and sell is definitely a good option.

This is my own opinion 3 things you should not do when Bitcoin prices drop:
1. Do not worry too much.
2. Do not focus on the price of Bitcoin it will cause you to lose temper.
3. Do not sell all the Bitcoins that are holding when the price drops because no one knows in advance what the Bitcoin price will be like.

Your advices is very correct. I think that many have heard of them before, but the main problem lies not in ignorance of the rules of trade, but in their observance. Very often, traders do not have enough trade discipline, and not ignorance of the rules. Often it even happens that the trader has drawn up his trading plan, but does not follow him, for various reasons. And this is the main reason that people lose money when trading.

Of course no one will sell their bitcoins when the value is dropping because they will only loose if they insist to do it however its still up to the person if he or she really needs cash badly . theres nothing really wrong in selling as long as you know that you will be geting a benefit with it .

In my case , i dont practice three things because my mind is already set for a long term goal . no matter what  happens , even if the price rise or fall i wont ever sell any of my bitcoins because i have a good plans for them on the future .

Welcome friends, don't hesitate to discuss a lot of things you don't know about the world of crypto in this forum. When we can, we will help you. And a little extra you should read more or do questions and answers in the beginner and help section.

That's right, that's the right thing we should do when the price drops. We need to hold, we need to buy and do not intend to sell because you will probably lose. These things can minimize the risk of loss. It depends on the situation of anyone of us or what we really want to do. We have our own move and strategy, but these thread already told the right thing to do. 

In the first place when Bitcoin gets dump it value price, stay at ease and relax. That's one of the good attitude of a true and professional trader in the market. Be a bullish, if you don't want to take risk your coins or investment, due to with this you can maximize your risk at all, then lastly never allow your emotions controls you which is always happened lead the traders to sell their coins even the price totally declined.

The most important thing is to do DYOR and have a plan when entering a position. Set yourself an exit number and follow it no matter what...

Buying at all time low and selling at all time high is impossible! Just try to grab the meat - that will be somewhere in between.


For the longterm holdings: If you believe in the project, the current price is irrelevant for you. Relevant is only the development of the project and if you are satisfied with it. If you are not sell it.

When prices drop we cannot blame ourselves when we felt nervous and scared but this is not advisable to do when investing in crypto. The best things to do while we experiencing downfall are the following:
1. We don't need to be scared or afraid when we experiencing downfall because as we remembered this system are usually has a very high volatility therefore downfall is very usual things to happened.
2. Don't easily give up and immediately sell our coins because the investors that has a stronger believe and trust to this system and keep holding their coins are the people that has a big chances to be successful in the near future.
3. Don't look at the dark side of it's long period of downfall, thus, kindly considering it that it will be the best and perfect time to buy more of it and then keep on holding it until it will fully recover again before we sell it so by that time we can be able to become one of the successful investors in the future.

The magnitude of the falling prices will be directly proportional to the level of fear experienced by each trader and I think it's natural because they have assets there. you're right, professional traders and good atittude will certainly have good self-control, they won't let themselves fall into panic

I agree with you totally. Usually, when the price of bitcoin drops, the price of the majority of the cryptocurrencies also drops. This is supposed to be considered as an investment opportunity as you are able to buy cheap the coins whose prices will rise with time.

At this point it is a great thing that you have drawn attention to the ways in which one can alert oneself. But it's really scary when you look at the discount charts every hour

Three things we should not do when bitcoin prices drop such as:
1. Panic selling. 
-------->  we should not panic to sell all our bitcoin because it will resulted to a big dump of bitcoin.
2. Not being patient
------->  let us always look at the positive side of bitcoin that in every dump it will eventually goes to it's price higher than the what we expected so all we need to do is to hold our bitcoin and have patience to wait until it pump again.
3. We shouldn't be afraid
-------> in a crypto world all we need to have is the courage to take the risk because with that risk we will learned a lot specially in dealing with the ups and down of bitcoin.

In normal times, if you say these things, people will feel very easy, anyone can do it but when we face unexpected situations, we will not be able to do it, our psyche is very easy to panic and out of control, losing a large amount of money in a short period of time is not something that people can endure. And so, I think what we should not do when the price of bitcoin drops is that we should stop observing and checking the price of the market, forget the market and come back after the storm is over

That is the right thing to do when prices drop. We need to keep, we need to buy and not intend to sell because you will probably lose.

I think I agree with your thoughts. Besides of your analysis, people tend to impatient and afraid of something that is not really happening. Those who sell their coin in hurry or immediately when look at the fallen price indeed have a week principal or foundation of intention when starting bitcoin, and I think that's ridiculous. So, yes, holding on our settled strategies with fully believe and optimism that we can survive and achieve our goals is the most important thing to do, unless you flow with the trend and lose many more.   

You are right so many people have become helpless all in the name of price crash we need to get our self equip with the background knowledge on bitcoin before we even come into it and there are some certain things we must not do in other to safe our self's from frustration and depression during price fall. So at that we must learn not to follow things titely and stay focus in other not to get carried on aware when the challenges comes.

In fact, such thinking will be difficult to implement. When we are in a state of loss that involves a good amount of money, most people will certainly be in a panic condition. Doubts can arise at times like that and can cause people to make instant decisions. For me, a solution that might be taken in unfavorable conditions is to leave it. I mean, by not continuing to see the movement of the value of our investment.

panic sell becomes a thing that must be avoided when the price decreases. because panic sell can trigger a lot of factors including sales at low prices. this can happen because someone is surprised by the decline in bitcoin at a very low price and they are trapped in a high purchase. so that's a thing to avoid.

 I personally do which has been helping me is that, when the prices goes down, I try my best to sell or exchange all my coins I have into USDT which is a more stable coins even if prices goes down.

Thank you very much for giving me such incredibly useful information

try to invest with free money, listen to the news less, and study technical analysis

Hey, that's a very good suggestion, indeed people always act FOMO, but that's what happens now. One thing I hold, I have never been a panic seller, I only sell bitcoin when I need it.

You are right, and if you want to keep your nerves and coins - just buy bitcoin and forget about it for a few years. The market is unstable and constantly fluctuates, and if you constantly watch it, you will only make yourself worse.

I think you are deeply mistaken. Or are you a prophet and know to what point he should fall to minimize the risk of loss ? How much do you think this is?) 0.01$ ?) LOL ))

good advices, experience ,s the most valuable thing on the world, that's why try to learn something when you make mistakes and get lessons.

Of course, it is difficult not to follow the movement of the bitcoin price. But during the General fall of the market it is better not to monitor the current situation, as it negatively affects your nerves. And in any case you can not sell your coins, this is the stupidest thing you can do during the fall of the price.

I agree with your suggestions, staying away from these listed suggestions could do away with most of the panic in the system. BTC is going through a lot but lets do our possible best to trust it since together we can make it happen.

I am very sad to see so many investors selling their coins during the fall in cryptocurrency prices. You need to do the opposite-to buy the maximum number of coins that you can afford, as the price is very low. And in the future, the price will still recover and continue to grow.

I think that the main thing is not to start panicking! It is the most important rule for traders in any situation. To my mind, everyone should understand the basic rules of market and not to hurry to sell coins at the low price

I agree with you that you should not look at it every day as this will make you worse when the market falls. When you become negative, you will try to think of things worse, and this will make you make the wrong decision, it makes you regret when you do it.

You got it right mate those advices were worth enough enabling us not to get panic sell at all.Although not all of us can be convinced because we can't really deny the fact to stop worrying when the market crashed but at least you have stated it right and warn us.Our emotions will make us desperate to sell our investments when its price goes deep.What makes it more worrying is when holders keep on monitoring the price in the coinmarket capitalization.In investing in this field requires a strong heart on how to deal with things most especially when there is losses.

Where ever there is a pump, people don't care much about what they are buying. As long as they have that feeling of getting rich quick overnight and until they are buying in. At least this is what majority of people do. BTC can be used as a currency but mostly it is used for trading

haha i agree with you dont see the chart every time, if the price is dropping what i do? i disable my android applicarion about cryptocurrency, and block all the website that related with cryptocurrency on my computer

very funny, we must be total to trade, for anyone who is afraid to lose then do not trade, the world of commerce is indeed full of risks namely profit and loss is already common, do not quickly become panic if we trade feeling loss, the best is always learn to be a true trader, especially for beginners do not trade if you are not ready to lose, do not always hope to always profit sometimes we lose, trading crypto currency is very unsafe for small traders because this is very risky.

there's more, don't ever use your emotions when you are faced with the choices you have, always calm in making decisions,
You are not in the doctrine to do HODL when the market is dropping, you can sell at a low price, then make a buyback at the price below

why do many users panic? because they follow a kind of group and see how many people react, suggestions from some users to do selling, that makes many people panic, even if you just keep quiet you will not be panic, because I'm sure panic factors come from the external

All of that are correct and I think it is most advisable to all people who suffer in a big losses. I think always staring in youg portfolio and even in the chart will really make frustrate so kind avoid that. Just always in positive outcome and I think I will follow your advise.

I think this is not applicable to everyone especially with the day traders because you need to observe and monitor the chart everyday. It's hard to predict where the price of bitcoin will go it may go up today but it may go down the other day, i think if we really want to make profit on bitcoin just buy now then hold for many years.

thanks a lot to shareing your advises, surfing in the market really makes me nervous :(

These are all very helpful, interesting, and good points to ponder. There's more to learn, so don't limit yourself to be hunger to acquire more knowledge and skills. Moreover, don't get driven by your emotions,  don't panic, stay calm, and believe that Bitcoin is there to stay and price drop is temporary. Stay patient and don't lose hope.

Yeah, you spelled it right. The main thing is not to panic and not to succumb to fear. It is necessary to think judiciously and quietly and then you will be able to make reasonable actions.

Don't sell immediately  your bitcoin if the price is down. Don't believe anyone that the bitcoin is going to die and the last don't read or watch any Bad news or FUD about bitcoin so you have peaceful mind.

The main thing i want to tell is don't loose your patience because in panic no one can take right decision and this decision make you unhappy at last so keep patience.The other is keep on your planning that you made at the time of investment and never take decision with other person influence because you know yourself and your condition better then other,so stay with your planning and take your own decision.

When the price of Bitcoin drops, you should hold instead of panic, by holding, you will lose little or even no loss. You have to be smart and make good decisions when prices fall.

Everybody knows about it, but each time, when the price is falling, most of the traders and investors start to panic. I suppose, the main thing that you have to do when you feel a stress is to stop and wait not to make a fatal mistake.

In my opinion, you shouldn't panic when the price for btc drops because it is going to be more stable with time. I think that btc will be the leader of the crypto market for long

The market is quite good for buying. At least, the loses, in this case, won't be that harmful.

good motivation for people to buy, but it seems that people are still afraid to return to buy, see the price of bitcoin continues to bleed, holding too long will only harm you, and buying when wrong time will harm you, now conditions are indeed bad, I hope there will soon be news the good one comes. there is nothing we can do but wait for better market conditions..

I am totally agree with you. Let me define  the words you stated above. The first thing we need to do is do not panic when we see the price that its keep falling because we will be disappointed just let it be because it is temporary. Do not sell yiur assets because you are afraid to lose the value of bitcoin you will think to sell it before its too late. Just wait until the price of bitcoin recover because it is volatile believe to it.

I really agree of what other peoples say about this happening and at this moment when already bitcoin price is already down in the market we must not panic just because it really hit a big fact in the crypto industry but instead we can take it as a big chance to take a big opportunity to buy some any kind of crypto at the lower price and ofcourse when bitcoins price is dropping we must not hurry too much to sell our earnings or investments and we must not give a big negative so we wont regret anything in the future because we all know that bitcoin price is going up and down time and time and day by day and some people think that crypto industry is just taking some time to have some improvements or upgrades to their features so they can attract a lot of investor to invest some crypto in their projects.

I will not selling my coin at low price. Its just realizing my loss. I am prefer believe that market will recover. Better not panic and selling our coin at cheap price. If we are confident with our investment, i am believe long term is good option

I like the do not stare at the chart all day. A lot of newbies in trading really do this and they really panic and lead to analysis paralysis. Which will also lead to not deciding the right one whether they hodl and sell or can't buy at all if they don't have. We should always be objective in all market conditions.

Don't panic and sell the bitcoin when the price is low.just hold there is up and down in crypto market.

Thanks for your three-point comments. I disagree on point number 2. The point number 2 is good for people who are a little experience in the Bitcoin trading world and may also be good for people who were able 2 take out the profits in December January of last year. There are third category of people as well for whom Point number to may not make a lot of sense and I just wanted to get that straight. I personally know more than 10 people in my very close Network who did not touch any of the crypto investment since December Peak and have lost 100x on their original investment. So if someone was technically a millionaire on blockfolio on January 26th 2018 has now only 10,000 US dollars on the same blockfolio app. The pain for such a person is not easy. Hence suggesting phone number to to search people may or may not be appropriate. This category of people do not have anything left to buy more Bitcoins when the price will hit the bottom. The bottom maybe right now at 3700 or the bottom maybe at 2700. We don't know! Instead of buying more Bitcoins when the price hit the bottom, my suggestion would be advice people to do double or two things instead

1. Stop looking at the price on a daily basis. Consider learning more about the technology when the when the Bitcoin price is going down like it has been in the entire 2018

2. Set up a regular monthly investment plan for future irrespective of the price. Do not chase the bottom or the top. You may not be able to catch it. It will affect your piece of mind. Just do a regular monthly investment in crypto's witches automated and every week or month a small portion of money should go to bitcoin and other cryptocurrencies on a regular basis in automated fashion. This way you will never try to catch the correct time to invest and we'll have a piece of mind. You will save some time and may be able to devote the time to learn the technology, improve your health, spend some time with the family, become more social in life, and maybe watch a movie or two.

These are really helpful tips and pieces of advise that we need to take into consideration. Never be afraid to fail, don't panic, and don't let your emotions drive you down. It takes bravery and creative mindset when you're part of crypto world. Bitcoin is full of surprises, you have to be prepared, know your priorities, and set plans and goals.

Anyway, I prefer that if anybody feels like investing bitcoin or something like this, they do not only need clear mind, but also stable conviction to keep themselves. Keeping steady is even more important than clear.

As for me ,I don't wait till bitcoin monthly or two weeks chart is oversold before buying bitcoin.On many occasions, I have missed to buy bitcoin because iam waiting to buy the dippest dip.
However, one should not use short time chart like 15 minutes ,30 minutes and one chart to make a trading decision. The reason is ,short time chart frame may not show you the general overview of what could happen on the market.As a result ,you may end up buying only to see the price of bitcoin dump more.
On the other hand,one should not listen to some crypto admins and youtubers saying that bitcoin will touch $2000.I said this because most of the predictions from these youtubers have become opposite of what they said.
In other words,if you buy a coin that is oversold in daily chart when bitcoin dump,it is better you hold it even if bitcoin price dump more.There is possibility that the price of the coin you bought may skyrocket because it has been sold so much at the time you bought.

Some really good tips there in these extremely red market days.  I'm not a great bitcoin fan tbh but then again so much else is dependent on bitcoin doing well.  For that reason, i say don't lose hope guys.  Make measured and thought through decisions because it can be tempting to get fixated with market graphs right now in fear of further/deeper losses.   One thing i'm personal weary of as well is some of the posts here i take with a 'pinch of salt'.  This is crypto therefore everyone has an agenda, i've to be careful not to let others influence my decision making.

Bitcoin price drops many time this year, so I feel that I am immune about it and I will just wait, when it start rising again.

Quite a helpful post way back! The best I do is to stay off all exchanges, charts and checking of portfolio for at least a week. Though it's not an easy task staying off checking out.

Do not stare at the market! Well, I always do that because I don't want to see my asset to fall down time by time when I will look at blockfolio or even CMC. However, I always update daily because I know that bull run will surprise me. We need to be updated regarding with the price but not always by time.

When the price goes down the decision that must be taken is very difficult, because it cannot use the heart, but must think logically because the price of bitcoin is like a curve, up and down. I think the most reasonable choice is HODL for a certain period of time, because the price of bitcoin is undergoing a correction and will definitely rise again. Just how much is the increase, unknown.

You sharing very important issues which we make every mistake in such a way. Trading or Investment is totally mentally and economical beetle which we are suffering in the dip. Trade without seeing the graph is very difficult. Normally everybody selling their coin when see the soaring.

The best option i do when bitcoin is down is just stay off chart and also try as much as possible not to sell my bitcoin cause it can be tempting at sometime and also take a holiday lol thanks

I think, the good thing to do when bitcoin goes down is to stay calm and not panic, I will hold the bitcoin that I have and I'll wait for bitcoin to rise again to sell it because I believe that bitcoin will be able to survive and will recover soon

Great advice mine will be:
-Don't catch a falling knife
- Don't believe anything you read on news
- Don't go all in and set aside money for the next run. :)

indeed it is very important for us not to sell and cut loss. when the price falls, the important thing we can do is hodl. You must always believe that bitcoin will never disappear, and as long as bitcoin is still there, then the bull run will definitely happen.

When the market is down. Some people sell to cut their loss and later lament and feel sorry for themselves. Forgetting the advice of not to panic sell and HODL

maybe from the first thing you can't do all your coins so that you don't have a deposit for the future if the price goes up again, the second don't panic if you hear the price of bitcoin is falling. it can be a scam or a spam, the third is that you may not immediately close your account immediately, at the core of all these problems you all have to be patient to face this decline in biitcoin prices.

Well some sell to cut loss and re enter the market. Hodling isn't always the answer in a bear market. Utilize stop loss. Many day traders can still make money out of this kind of market movement.

these three things you pointed out are indeed things one should avoid as they are capable of making one take terrible decisions.  when bitcoin price drops just hodl and wait, it is simple. selling during panic will only lead to regret