Bitcoin Forum

Because no one knows for sure, which price is the bottom and which is the top?
We can just buy at the price we expect to be the bottom and take profits at the price we expect to be the top.
No one wants to buy at the top and sell at the bottom, the act of buying and selling comes from your judgment and results in the best answer, not a right or wrong argument in the market.

Last December 4, 2021, Bitcoin had a bad drop from ATH to $42,000, down nearly 40%, and many Altcoins dropped 20-30%, for many investors, this is really like like a nightmare. but calmly looking back, this is not unusual for the crypto market.

From August 2021 to the end of 2021, everywhere you go you will see a lot of people predicting bitcoin will reach 100k - 200k, then most investors just buy more, not sell. But as a result, we have seen, that bitcoin keeps falling in price.

Cryptocurrencies are always like that, it feeds us every day, fattening us up and then eating us with subjectivity and confidence that we are smart enough to beat this market.
But no, capital management is ultimately still iron armor to help us survive in the market for a long time.

Bottom or top is valid only when we have a sell action.
It is the price at which we sell that determines whether the order is bottom or top.
Prices always fluctuate over time and never stand and no one can predict the top or bottom price 100% correctly,
So, when entering the market, prepare yourself not to give up.




-Duke Khan

It is true that nobody knows the bottom or the top; this is why it is being preached that everyone (either a newbie or pro) should always take profits everytime in crypto currency. Thast way you don't have to worry about the bottom price or the top price

One of the biggest mistake traders make is to only think about profit and not a possible loss in case the market goes the opposite way. When you are prepared for a loss, you also get to have a good risk management plan so that you don't lose everything in a single day.

Another thing that affects trader's profits so much is greed and FOMO. People should know when to exit and enter markets to avoid losing every trade.

This has been the case for bitcoin for many years if you ask me. I mean not seeing "all" crypto like this, because there are some serious shitcoins out there, so do not generalize it for all of crypto of course. But when we are talking about bitcoin, I would never say that it went down too much to recover, there is no level where I can see it going down and lose hope, even if it is 100 bucks one day, I will buy as many as I can, will never consider it gone. Except of course if there is a technical problem, in that case I don't know what the reason is and would decide based on that if I want to go on or not. But not for financial reasons.

I do agree with OP. Crypto is on sale at the moment and no one really knows the bottom. So it is wiser to score slowly but certainly. We are going through one of those 3 years cycle we have experienced back in early 2018. So when the next bull cycle kicks in, bitcoin may get a valuation of 100k quite easily. We all need to prepare now to get the profits out of it.

Naysayers will always be there to demotivate people. Some will say crypto is dead. But we need to ensure that none of these negative things affect our own thought process.

The hardest part there is when you bought at semi top and the value of your token/coin are going down so big. Some investors mind set are to cut loss or just typically hold it. If you are confident enough, then youll definitely hold and wait for the price to go back or surpass your buying price. So what will you do when this happened?

If you are gonna hold, try to look for staking platform or their own and put it there, so while holding you also been given some tokens from that alone, making your negative value could decrease partially. At least your shares are being increase slowly.

Agree! People who are new to trading tend to see ATH's as buy opportunities and Dips as sell opportunities and oh boy was that the complete opposite. I felt so stupid when I realized how dumb the "trading" I've done ever since I started. Additionally trying to identify the bottom is like looking for a needle in a haystack, it's like a wild goose chase. It's also why I transferred to DCA'ing instead of trading, it's a load off of my mind so that I can stop thinking even when dumps like this happen.

It also helps how I honestly just expect to lose the money I invested.

Proper trading skills means proper mindset to approach a bull and bear market, lack of which is the reason why traders who are entering crypto often end up in the vicious cycle of buying at the top and selling at the low.

While I always advocate a positive approach to trading, I would agree that knowing a loss will be incurred should be kept in mind when starting to trade. However with the rationality that a loss is a lesson for any trader and that one can recover a loss gradually, long term trading becomes a habit not a stint.

But most traders enter with a get-rich-quick mindset, which is a dangerous thing to have. When they dont get it, they sell and lose money.

that's what new traders do, who don't even have enough experience and skills to trade crypto.
what has always been on my mind, and the cornerstone of my investing and trading is to assume that what I put into the crypto market must have disappeared. That means I'm ready to lose.

Thinking of getting rich quickly by trading and investing in crypto is a bad idea. those who own it are not experienced in this market.

Can't deny what the OP said true, but often traders always feel they can guess the bottom and high correctly and end up losing the moment and getting emotional so they make the wrong choice of when to enter and exit the market.

What is never prepared for is a loss so that traders will be frustrated when experience it even though both losses and profits can be experienced by all traders even though they are have experience and knowledge. So traders should prepared for everything.

Some times it is our mistake that puts us into losses and the mistake is simply greed. We wait to get all the profit at same time while market has done its highest but we keep hodling it waiting for more bear but when it start to drop , panic begin to happen and regret. I think that setting our mind onto the profit point we want should be our top height.

If the purpose of buying bitcoin is for long term investment then I think buying at any price is fine "it looks not greedy". However, if we want to maximize profit potential, we must know when is the right time to make a purchase, and one of them is when it goes down. The problem is, people may be confident about the potential profit they will make from investing in bitcoin but they are not brave enough to make a decision to buy on a downturn due to concerns of continued downside. That's one mindset that may not be suitable for this investment because in fact they can still have other superior strategies such as DCA.

But we can also preassure everyone that they should buy and buy because whatever other people say shouldn't be financial advice to them. There has to be their own analysis to make a decision, but I believe that if they want to invest in bitcoin in the long term then they will get a decent return.

This kind of mindset is a mindset that should be avoided, because the get rich quick mindset only results in losses and expectations that will not be the same. Those who want to get rich instantly don't want to do complicated processes such as learning how to master technical analysis and fundamental analysis. Trading cannot be done as easily as turning the palm of the hand. need a process, even those who are professionals are still experiencing losses, let alone just new traders who are just trying their luck.

It is all about discipline.

When someone holds and the ATH happens and he won't sell, that's because he's thinking that there's gonna be more from that all time high. But it should be about taking profits because that's the way of how it should go.

From experiencing bears and bulls, you'll have the idea on when you must really have to sell and when you must decide to buy using your profits from the time you've sold.

Those which enter this market with the mindset of making a lot of money in a relatively short amount of time cannot even called traders, since they do not have what it is necessary at all to succeed, even if the profits that we can obtain in the markets are without a doubt better than what you can get in other markets, it is a mistake to think that you can get rich so quickly, now I know there are a few cases like that but those people relied on their luck and not their skill to get those results.

Very true. Go in with what you can afford to lose or let go. It helps a lot thats why everyone is encouraged to in with a certain level of experience or training as well as not having the get rich quick mindset. Fluctuation in the market makes predictions difficult to get it right so it is advisable to take profits even though it can be sometimes difficult to do that

Everyone wants a huge return on investment and so no one will want to buy intentionally when they know that price is going high. High in the sense that it is already ATH and they jump in. This is not possible but because nobody knows the exact point of trend, they jump in when price is high hoping to continue riding the bull but surprisedly they are buying the sliding knife. This situation happened in 2017 when investors bought the high of $20,000 and also this current high . It is better to wait for at least a slight correction and not to be greedy to jump in while the bull is currently on.

I've just about to remember how people are saying they will buy during the bear season but sadly, they had changed they're seeing the market moving down. And instead of taking this opportunity, they now said we've waited for recovery. It is definitely hard to understand and you are right, people have no intention of buying Bitcoin whether it was at its correction or bull market have no way to achieve their goals and it only remains assumptions. Investing is not a joke, it needs positivity and good mindeste or else, nothing happens.

Buying the dip ain't that bad because from $68,000 per Bitcoin, grabbing it for its price now is a steal from me, then hodl if you don't know how to make profits in this kind of market. I agree that you only have to invest the extra amount of money you have in order not to get homeless while waiting for the next bull run. Don't put all the eggs in one basket, like the saying said.

That's not too bad, still buying Dip. I dare to do that if I have extra money in my pocket, because the bullrun will definitely continue in the future, this is a cycle that will continue to occur over and over again.
If it's already in the basket, keep it, never sell it. I believe that at any time the price can change and it won't be bearish for as long and for me, I will invest regularly considering the current price, which cannot be determined until when this will end.
Still if there is more money I will still invest it.

You have to enter the trading platform with the interest of profit and loss. Otherwise you will never be able to profit by trading from a trading platform.There are no people who have not lost from the trading platform.With loss, maybe one day you can dream of profit. People are not completely successful in anything.

Immediately you need to understand for yourself which strategy to choose, how to work correctly and more profitably. For in fact, this stage is the most difficult.

Luck may only be obtained once, but not for other luck. Entering the market without trading knowledge will only burn their money. Even though they gain in the beginning, they will also lose in the end, they will lose with other trades. Getting rich quick in crypto is very easy, but to lose everything is also easier. Must be prepared with all risks and must also be prepared with qualified knowledge.

This title really means many things.
One of the basic things to invest in including cryptocurrency is that we are ready with the risk of loss and we can afford it.
This means wider than we think. It doesn't only require the money that we can afford but also the emotions of losing that we can afford. But, what is about the loss mindset? I am still not really sure about this.
Personally, I will prefer to choose a winning mindset, I will try to earn more and struggle to get profits. that is why I need more knowledge, analysis strategy and also emotional controls. This will lead me better. But, with this condition, I am also ready with all risks that I may get, the risk of losing money or risks of others.

It should be understood that the market very often cannot be without losses. Alas, many for some reason forget about it.

This is very common, many newbies come to this market because they have heard stories of other newbies like them which made a fortune by investing in the right coin and obtaining huge profits, so those newbies think that if those newbies could do it then why not them? However even if they are lucky enough to do this they still lack the skills to keep all of those profits, which is why stories of successful newbies losing all their profits after a few years are not rare at all in this market.

I don't think the mindset of traders is to encounter loss in trading the aim has always been to make a profit. Using any trading platform to trade you need to have good trading skills, have a good experience, learn the rules in trading before trading,  know when to start trading and know when to end your trade, and avoid trading when the market signal is down this are the few ways you can make profit without incurring losses.

Entering the market unprepared will only create further losses on your part, especially if you always think that the market is always up and that the crypto prices are always at their top. If your mindset is like this, you will never come to endure when the market is close to collapse. That is why you should come to the market ready for its bulls and bears, making profits and lose them later on, Otherwise, you will always see yourself giving up in every market condition that triggers your investments to make profits, and that won't make you successful in the long run.

When it comes to predicting Bitcoin price no one can accurately tell what direction the trend will hold to in the future the best that can be offered is mere speculation. From the few experience i have gathered from price fluctuation, following the trend will help tell where a perfect top and bottom price is. Following instinct without analysis is what is affecting trades. Knowing when to sell is another technique to be learnt. Bitcoin is not about buying the dips and selling high. It involves knowing when a dip and high is due.

Greed will always be a part of a trader, its up to him how he can manage it rightly and control it as much as possible. And FOMO comes to those who never know what they are up to from the start. If a trader cannot manage to overcome them, then definitely he'll end up facing crypto disasters. That is why its best to enter the market always prepared not just financially, but also emotionally and spiritually. You will never know when will the market become profitable or not, when will its price surge or drop, so always pack yourself up.

I think that we can enter the market with the mindset of readiness. Ready for everything that probably will happen in this crypto market. because the crypto market will not go as we always expect.
Losing in the crypto industry is something that is very usual. A losses mindset may be needed as long as we can control it by being ready with all risks that we can actually afford, not other people afford.
We must know our position, ability, and also affordability. Sometimes, we may follow other people in the crypto industry, but not all decisions will depend on others. We must look at ourselves, our possibility and ability at that time, whether to enter or not, to continue or stop.
But, whatever the condition, we must learn more in order to update our thought, knowledge, and also information. This will be very essential for crypto industry development.

right, no one understands when each season ends and experiences a reversal, but we can predict it and speculate on buying. on the other hand of course there are risks that must be borne, so we must be disciplined to dare to cut losses if the market is not in accordance with the analysis, even though it sounds light, but it is difficult to do and requires psychological training to always be disciplined. so that becomes our mindset in trading, between profit and loss in every transaction

So I guess it's all about our mindset, huh? So, rather than thinking that crypto is crashed but more like they're on sale. With that being said, our mindset should be that we're ready to lose our money when we enter crypto world. Sure, our purpose is to get profit, but in the process of that said profit we're going to face a lot of ups and downs, which is why if we've come well prepared I think we're good to go. I mean like it's all going to be sunshine and rainbows and especially with ho the market condition for the past few days or months.

Not giving up in trading is important if we want to succeed in the long run. There will always be setbacks and periods of losses, it's part of the game. Not even the best trader in the world only make the right call and makes money from all his trades. You are right that the "real" loss only occurs at the time of the sell, so we could hold some coins until they recover and never take a hit. The problem is of course that this is not really efficient. When one of our coin drops in value we need to find out why, is it because of general market movements that send all coins down, or is it because investors lost confidence in that coin? In case the coin is not a good investment anymore, I think it's wrong to keep holding. Sure it might recover one day, but the chances are there are better investment that makes us more money. It's good to accept losses sometime to move on and find new opportunities.

Profit and loss are part of the market and traders though wishing for one most of the time end up with the other. While a lot of factors are involved, one of them is time and it is something that most traders dont wish to give from their side, that is they lack the patience to wait for the proper range to buy in and the profitable price to sell at. Often the ones getting in with the profiting mindset end up buying a hyped altcoin at the top price eventually watching it crash and then lose money.

There in lies the point of prior experience in stock market and dummy trading on crypto. These factors bring in more chances of future profits and less losses. But most of the traders are not coming from these backgrounds.

Capital management and I would say more importantly - risk management are imperative skills for an investor. The latest is even more essential for an active trader.
I think this mode of thinking is wrong. The thing to keep in mind is that we don't have any clue if the market will ever come back to previous lows and/or highs.  We can just judge this to our best knowledge by analysing price history and fundamentals of a certain instrument.

But yes, if you read between the lines --> one needs to be emotionally prepared when entering any market, especially one with the volatility and efervescence of crypto.

Yeah it's true, Price now is significantly lower than the price during all time high but we can still wait for more for the price to go down. I'm buying bitcoins now on small portions and different price levels, This way I won't regret that I miss the chance of buying bitcoin at a lower price. Buying bitcoin and going broke is just a wrong way to buy bitcoin. Leaving you no money left to support your life could result in selling bitcoin forcefully. I've been there and I change my way of buying bitcoin or other coins.

Buying in a small portion is a brilliant idea. Although we can afford to wait for the bottom but waiting for that time doing nothing (buying) is definitely a waste of time. And besides, we even don't know when it comes nor do we know the set price of it, who knows we are already at the bottom and we have missed it already. Yet, buying in the current situation encourages you to know how to become patient but for sure, at the end of this season, we got paid off. Things aren't done so easily and only those who can afford to lose something have the chance to survive while the others are resting.

What do you really mean by working in the market? You talking about learning to trade by yourself? Anyway that is a good step, it is better to learn through demo and not to stay by and cry of what is happening or trying to go into pay group and copy trade because that will not help at the end.

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla.. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

That would be oversimplifying things too much for my taste, however there is no denying that your mindset is very important in any market, when people begin their journey to become traders or investors they look for all kind of information regarding entry and exit strategies but they do not take the time to do some soul searching and try to tell if they have what it is necessary to obtain the profits they want out of the market. And if they did such an exercise many of them will realize they are in fact not ready to become part of the markets, but since they do not do this simple exercise they invest in the market anyway which eventually brings them disastrous consequences for them and whatever capital they invested.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

Get fomo'ed in short which is a common behavior into those people who are really that afraid on missing out the opportunity without even thinking back on accumulating or filling your bags while the market is on bear.

It might simple as it sounds to be suggested but this is something that shouldnt really be missed out and since you are targeting or aiming for making profits then you should do this necessary step
or else you would really be regretting that you had missed out the perfect timing for you to buy cheap.You wont realize until recovery of the market happens and have thought that
this market is already over.

If entering with the current rates then I’m pretty sure no one literally no one will ever loose their investment in the upcoming future unless and until they become too much greedy about it. Current rates are 60-80% discounted considering various coins. Now there is only one way for crypto and that’s to go up and up. Bitcoin for example has already lost huge amount from its market and its not gonna fall beyond this point as there are miner holders, institutional holders. This is it, it’s gonna be profitable journey ahead.

One thing that many people do not understand is that a great deal of the success of a trade depends entirely of the moment in which you buy, if you can buy at a very low price then the chances you can become profitable go up dramatically, but if you buy when the price is too high then it is difficult to obtain any profits, it is because of this that right now is a great moment to buy, but those which are inexperienced are afraid of doing so as they think the price may go even lower than the current level.

It's always certain that most newbies who come to the market just want to satisfy their greed, and they think that crypto is the right outlet for that. When in fact, crypto is very hard to be profitable, as it takes good knowledge and wise decision making to beat the losses in the market. While some have been taking advantage when the prices are low and affordable, others too are frustrated as they can't even sell their coins at a reasonable price. And that's how they start losing in the market, because they fail to realize that every market condition has its own opportunities to earn and make profits.

trading is a continuous practice, and their is no one who is hundred percent excellent or perfect in trading platform. It's clear that before you became successful in trading you most undergoes or experience trading kind of lost before you can account for success. And before you become successful in trading a trader most learn and understand the rudiments of trading.

In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

Youre not the only one. Its always misinterpreted differently like buying every time BTC dips butnot telling you to buy when it bottomed. Some understood that every time frame has its bottom which short term traders take advantage of.

But always think that you will profit when you invest otherwise don't buy.

But it takes a professional trader to still make profits when the market is facing a big crash. Although we can do consistent profits if we learn how to be profitable regardless of the market condition, but newbies will always find it hard to adjust to a bearish market when all they think is that crypto is quick rich scheme to be profitable and get rich. However, experience can change everything, and mostly their concept on how crypto works. And losses can be their biggest motivation to always do things right even when the market is not that good and convenient.

Dont make yourself be minding about having that consistent profits but rather trying to mind on how you do make yourself sustainable despite of different market conditions that we do have here on crypto space.

Primary or main rule of investing here on this market is on having that investing on what you can afford to lose that kind of behavior which is something really very important.Set out limits and take up some border
line on when you should secure or exit out on the market with having corresponding profits.
Dont anticipate that you would really be ending up on positive always because losses would really be there and this is something normal that you would need to deal off with.

The market trend can easily tell you when to buy, and with the help of your own analysis you can be on a good timing, so I also don’t support those who are following others predictions, for me its too risky. The market is very volatile, no one can know the next trend so its important that you know what you are doing, and investing with the money that you can afford to lose is a big thing. Buy during bear if you see a good price to enter, don’t just buy without any analysis because you might be forced to sell that later on.

It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not. 

But not every investor will have that thinking, yeah, it's good if everyone will have that mindset but we can't force and apply it to everyone. Eventually, will learn from their mistakes and experiences that they'll invest what they can afford to lose and still be optimistic with the experience that they've got.

Yup, that will be for the ideal investors that have a long term vision to the market and actually knows what they do and won't be distracted from FUDs and other negative sources.

Whenever you enter cryptocurrency, you have to enter cryptocurrency with the mindset of your loss.Those who can't work with a loss-making mentality will never be able to do anything good in cryptocurrency.Cryptocurrency market is a thing where you have to survive by losing.No trader can profit without loss. Those who have benefited will see that they have lost a lot of money in the past and then gained and learned a lot.

I agree but you should also train your mind to be a profitable trader, you should learn how to make profits even if we are on a bear market.
I believe to become a good trader, you are still gaining profits even what the market condition is, bear or bull market.

I also believe that trading is not gambling where you already assumed you are at a loss once you started. Having a positive mindset is good, but you should be aware on the other side or negative will happen, you need to face it and be able to move on or you can handle it.

Indeed. However you cant expect everyone to enter with that mindset. Probably many people decided to become a trader with an ultimate goal to be a huge gainer. That also include to use their savings not knowing the risk of losing it. If only traders follow the basic rule of not using the money that you cant afford to lose then it wont be hard to accept even we fail because sometimes losing is inevitable.

Anyway, we cant say if we already reach the top or the bottom of the price hence the decision is always up to us. If you think the price is decent enough to sell then dont hesitate. The same goes when the price is declining, buy as long as you're certain with the coin you choose.

This is true, and this also become one of my enemy when trade including greeds. When do trade that really necessary to emotionally stable and offcouse afford to lose is the number one.

The issue is that most people never trade thinking about the possibility of losing money, they are always thinking on the best case scenario and how much profits they will make with each trade they make, this means that technically there is no amount of money they can afford to lose, and when they do lose money, as this is something inevitable in the markets, then they immediately get desperate even if the losses were small, which as you may guess force them to make several other mistakes from which then it becomes impossible to recover.

It would be a better decision to buy coins after confirming that the market has turned bullish. In this case, the purchase price will be higher than the minimum, but this will prevent more significant losses that will necessarily occur if the market continues to decline after the purchase.

What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? If I believe that it has utility, I go in and not wait for someone to FOMO on it. Those who fear to lose anything at all in this game are those who end up losing. The plan should be to spot the one you want to buy and do so when the market seems silent on it. FOMO shouldn't be a thing with shrewd investors. To this point, I side with virasisog on their position.

That's right after the market moves to a bullish one some people who just wait without taking action will be left behind at the moment. because what happens is that they panic in making a purchase. it could be that such an action would trap him in a bull trap. we often see it happening in the market.
if we believe in what we choose, then the current downturn conditions will be paid off in full with favorable returns in the future. just hold it with trust, we will get the benefit.

You're right. Investment in Bitcoin demands patience to be able to be profitable as an investor. It's a long term investment that shouldn't be seen as a shortcut to riches. We can look at altcoin investment as short term but certainly not Bitcoin. There were some that bought Bitcoin at ATH in 2017, just the same way some also bought at the last ATH in 2021. Of course, many of those who bought at those points would've panicked and sold off in loss but those who're still hodling till date and will hodl till the next rally will be happy for it. No doubt, Bitcoin will achieve another milestone. It's just a matter of time and who has patience for its wait.

That’s when most of the people only came to invest because of greed, and that they always believe that the market will always be at its best, and when tough times happen, they eventually turn into weak hands and leave the market. Maybe because they know the risk in crypto but are not willing to take the risk because they lack the faith in crypto.

Of course, everyone has their own strategy, which they adhere to. And if you think that the current price is acceptable for you, then no one will be able to keep you from shopping. I believe that purchases should be made only after the reversal of the entire cryptocurrency market is confirmed. Since it won't matter if I bought BTC for 10 or 13 thousand dollars if its price reaches 100 thousand.

I can see the reasons from both of you standpoints. One looks for the long term hold by buying when it seems low enough. While another look for the next bull run signal to make sure he's profit in short term. There is no absolute sure-kill method, what you find to work the best for both of you.

I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.

Yeah, he is referring to the short term. If anyone wants to invest for short-term then he need reversal confirmation. But for the long term, investment you don't need to read charts simply buy and and HODL

To avoid market heartbreak buy and Hold preferably with an amount you can afford to lose. Losses is a must as far as crypto investment is involved. When the bull sets take advantage of it but with the current market situation if you don't understand the trend or your strategy isn't reliable enough stay clear. This is a point in the market where you trade based on how much research you have made. Stick to what works and avoid the noise from the crypto community

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

This is true, and I believe that we shouldn't really be focusing this much into this world of altcoins. So, just focus on what you could actually believe in and trust, which is about bitcoin and maybe ethereum and bnb as well. This would be something a lot better.

Of course, it is not going to be something awesome if you make a lot less profit, there will be some people who hit it super lucky with a few altcoins and that would be super high profits and that would be something sad for you and upsetting to see those people making a ton of profit. This is why I believe that some people will make more but there will be a million who will make less that you will ignore. Hence price matters a lot in this case.

the market is open to everyone. But what we should do is to read the market before adventuring into it. because market of cryptocurrencies is like positive and negative. And that's while nobody is assured of the market and it's another factor while people have to encourage people not to lend before entering the market or not to lend for cryptocurrency investment. Investment in cryptocurrency should be a totally spell funds not real funds

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

As simple as that, can people make money with altcoins right now? Yes, can they make incredibly profits? Yes, is it likely they will make all of those profits? No and in fact the opposite is the truth, so people need to reduce their expectations out of this market especially since the conditions for altcoins to go up in value are simply not there, right now is the time to invest early in some good coins and then let the market take its course for as long as it is needed.

Not really, but it sounds very interesting, however I second what you say, I particularly had bad experiences when I started trading, the truth is I didn't know anything about anything, and I started watching youtubers and paying attention to technical analysis and what I did was lose money, but later I studied a lot the books on market speculators and they helped me a lot, and one of the things that I value a lot and that I always look for a way to see is that through the volume you can read everything of the chart.

what should one do if someone is going through terrible financial crisis and it is hard to survive in this inflation?
I think I am at the brink - where there is nothing to lose at all. The inflation is eating me up like crazy

Investing in bitcoin at a low price means hitting the gold. Because crypto is all its glory ends up being referred to altcoins, I can assume why it becomes a joke at some points.

A negative mindset draws out your energy and rational thinking. Newbie traders will end up selling at the wrong time because they are too hardened to the fact that they might lose money. Instead the proper way to think is knowing when to buy and sell and also what to buy - which is only bitcoin.

Knowing that we can lose is something that should be there, but dont let that thought drain your energy which occurs in the midway between joining and trading.

If you get it wrong you mean. But what if you get it right? You swim in money sure. Just like every business venture or investment, you need to target properly the investment you want to do and also the risk involve in it because every business is a risk waiting in itself. Cryptocurrency isn't only the risky venture to take up but it also give the opportunity of lower risk when you do manage well. You have to invest what you can lose.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

But you shouldnt really make yourself to be like a gambler because on any investment where losses is really just a normal thing to be experienced but you should really aim that in the end of the day
you would really be ending up to be profitable and this is kind or type of mindset that you should really have.Of course you shouldnt tolerate yourself on letting those  investments of yours to be on losses
because that wont really be that beneficial for long term.Try to make it as minimal as possible and challenged up yourself to have that way.
Loss mindset isnt bad yet it do acts as a form of preparation on something inevitable to happen but as i said that minimize it as small as possible.

Same, I am also doing the same thing. Putting capped on a budget is a necessary thing to do in what ever activity we are doing whether it's Trading, Gambling and Investment. We should have a balanced budget on things we are doing. In my case I have allotted more budget on gambling, I don't go beyond my budget.t Going beyond our budget means over playing and this could result us falling deeper.

I think one cannot afford to loose even a single penny of the hard earned money.
This is the time when we are struggling with inflation - I think rather than losing the hard earned  money one can help someone struggling with inflation. This is rainy season and many people need a lot of help.

As to the moment that you tried trading, it means that you are not afraid to lose your money whether it was hard-earned money or not as in general, that was your money. What lies to us is our decision to continue after suffering losses or to give up. If the reason why we have to continue trading is to chase our losses and get our money back, that was certainly a wrong idea and I don't encourage that. We don't have to be disappointed with all the losses we get but instead make this a reason why we should have to focus on learning to trade and make practice analyzing the market in order to have a better trade.

That's true because basically losing money is also part of trading and it's inseparable,
that's how trading is and we can't keep making profits,
don't make a loss or lose money as a step to give up and it's better to use it to learn so that in the future you can trade more optimally

Losing your hard earned money is not an easy thing.
At least I don't have a stamina to lose any money - I am not sure how people are courageous enough to lose their money.

The losing is a lesson for many people. Those who are willing to take the risk understand gradually that taking risks is not always profitable while less risky steps are possible.

The wrong step is investing in coins that have never been known to public and then putting in a lot of money in that. Don't expect such coins to go big, you will make a mistake.

While there are people earning a lot from such risks knowing where to stop is important too.

In market like crypto this losing minedset is always necessary because of crypto has come very down that everyone has make some loss. In crypto when you put money you should be ready for any losing because in crypto anything can happen. In crypto we put only that money that we afford to loose. If you take more risk then you will find more loss.

I also agree that there has been a downturn in the cryptocurrency market and no one wants to buy expensive and sell cheap, so for this u have to be patient that if  the market goes down then do not panic after seeing that what will happen now if u sell now otherwise it will be loss, if they put their mind then they can make profit

why have feelings of envy towards other people who have a lot of resources and few savings. They have also been in your position and of course to get many of these resources requires process and patience. You just need to invest and grow those investments. If we only complain and compare our lives with others, nothing will grow.
Getting the results of losses or profits is normal, we must be able to control what comes out and can manage what comes in.

Can you explain the title?
Do you mean "Use the money that you can afford to lose" is a loser mindset?
TBH, I don't see something wrong with this mindset, it is only a secure way to use your funds in crypto investment or trading.

Since no guarantee to succeed in crypto investment or crypto trading, it is very risky to use your main money. Avoid using excessive funds is a true way to be safe, we can minimize to lose huge money in this way. You don't think that all people are smart enough to invest, some still need time to learn. Especially for newbies, using free money is an ideal way of investment/trading.

I fully agree with you, excepting to make a profit as soon as we buy a coin is not realistic. The market is very volatile right now and we need to prepare ourselves to make get affected by sudden movements. As long as we are not selling we are not realising our loss. That is why the HODL strategy is so good for any new investor. With it we are not facing the risk to sell a coin at the wrong time. Personally I keep around 80% of my crypto coins in a long term wallet with sole purpose of HODL. Only in case of a emergency I would consider selling some. The remaining 20% I use to trade more actively and gamble with it. Over the years HODL has been a very successful investment strategy and it helps to reduce the stress when prices are falling, we don't need to listen to our brain telling us sell as soon as a position is red.

If you know where you are looking at then you would know why you lost. I remember when I first started learning about trading, I learned a way and I learned it so backwards that each time I picked a coin, that ended up going down directly, not up.

The market wasn't that bad neither, but turns out I was looking at the other way around, so what I should be looking at was exact opposite, and not what I looked at. This caused me to lose only tiny bit of money but I flipped it on the other side and made a good amount of money that way. This is of course not a guaranteed thing, hence why I do not believe that it should matter all that much, but you need to go back and learn like I did.

In the face of inflation, what must be done quickly is food and save, because that is what must be guaranteed, then try to buy things that people do not look for, because later they will and they can be sold at a price where they guarantee that of a profit, and if they have some money, the best thing in my case and as personal advice is to pour that money in BTC, but be careful, place that money in BTC and make that money get lost or spent little until BTC don't go up enough don't get rid of that money until you have enough money in profits, that's a way to be able to survive inflation and obviously generating businesses that make money fast.

Nobody has extra money because the phrase itself is wrong. The point is that people allocate a fraction of their entire income toward risky investments while the rest is kept safe on savings.

Being able to lose that money is what drives their investing attitude. It is something they can afford to lose. However you might not be in a similar situation but investing in Bitcoin is pretty safe if done at proper researched low prices.

Sorry to hear that to have been robbed a few times, can only advise you to stay safe.

If you are trying to do trading then it is necessary to set your mind and keep in mind that what will be possible, there is success but has also possesses defeat because volatility is on peak. Your reactions will always be dependable on your thoughts and you should focus on what you desire. Those who remember their losses sometime become the cause of their further loss, so it is recommended that if you fail to get cash while trading certain coin then try to forget it and work hard for next step.

You should really be that versatile.Period!

On this market you would really be experiencing different sort of things which does mean that you would need to adjust depending on the situation or scenario where you should really act
and able to avoid since you've been aware on whats this and whats that.

Dont mind yourself on making perfect or profitable trades most of the time because it would really be just making you on being perfectionist and once
the reality would slap into your face then this is where frustration and discouragement would begin.

Always have a losing mindset which is true. Because when the focus is profit and if we weren't able to make it, then it hurts. Along with this mentality it is suggested to have an alternate plan on trading. This will help in reducing the loss. As said, if you weren't able to make revenue out of particular coin, then take a break. It is good to have patience, at times the outcome will be good if we move on to the next crypto.

This is a very good trading advise. If we keep crying over what we have lost in trading or in life then we can't be strong to fight for another opportunity to come. Like they always say it doesn't matter how many times we fall but what matters is our ability to rise again and this is very important to trade also. If we lose a trade that doesn't mean we are going to lose always and then we give up, no is not the idea of trading. We can try next trade but not in a haste to chasing to regain what we have lost.

Expect what you expect but always be optimistic.
Don't get emotional over something that time is coming to an end
Don't be too greedy, take out what we play for a cycle, and we will win well.
And the bear market is good for me, I have so much time to accumulate when it is low,
and I only wait a fair period to exit or spend when the price is high again.

but it will not work for those who do work in the market for day trading. they put money into trading in the hope of making a profit in no time.

it is good to enter with readiness in case we experience a loss. it means psychologically ready to lose money put into the market. but I doubt many traders think like that. but in the long term, investors will of course have different thoughts.

Every cryptocurrency coin is built-in tendency to loose value over time, so purchasers and buyers should be aware of this and should accept this. It demands to have faith that regardless of how the prices changes, you will always works patiently and never rely on your feelings. A person cannot gain profit once they have a loss on their mind since they need to let go of the loss in order to win.

Long term investment are good and profitable but not for daily traders or traders that are not patient enough. Crypto is the general word for patience, it deals and take much time if you're expecting good stipends. Selling coins that are dumping is the proper thing to do, and bagging more potential coins especially when it's in dip, before one know it, portfolio have already been in rapid increase. For me, I'm keeping BNB for long term purpose, although I have both in Spot and Futures. Spot is for long term while the future is for daily longing and shorting of it inother to gain profits from the market.

When you see insane predictions, it's usually time to sell. Yes, greed does blind us often despite same pattern repeating.

Crypto market is always considered to be a risky market. While there is a huge profit to be made in case of investment, there is always a risk of losing all your capital. Because it is a market that fluctuates all the time.  The market may dump or a project in which you have invested may fail. Global news may influence. So enter the market with the intention that you may lose. And  Always invest the same capital in the market whose loss will not affect your daily life. Invest your capital which is more than you need.You come to the market with the intention of losing your capital that you will not need in a difficult situation۔You can only afford to lose money that is more than you need۔

This!

You should really know and make yourself that aware and prepared on whatever market sentiments that we do face.Yes, if predictions and speculations turns out to be hyper bullish.
Then this do really indicates about being too greedy of the market which means that when everyone turns out to be greedy then its really a solid sign
that we should sell off our bags and you do the opposite thing whenever the market is really on deep fear then this is a solid sign that you should
really buy.

People don’t have the mindset of losing money when it comes to cryptocurrency trading, cryptocurrency is bought profit and lost, if you a making profit you should also be expecting lose because you can’t just be making profit and lost will come in, the best is just that you should always control your lost, let your profit be more than lost.

I would say that if you are investing into bitcoin or ethereum then this shouldn't really be true, at least I do not believe that it is true. If you are investing into those then there is a good chance that you could make the money back and profit from it, on the other hand if you are investing into some small cap coin then there is a chance you could lose.

Even some top 10 coins could drop because if you check the past top 10s then you will see that btc and eth are the only ones that stayed, and now bnb is staying as well but all others changed constantly. Stablecoins stay too, but they are not crypto, the price is always the same, so they do not count.

You must have financial literacy and market knowledge in order to enter the market with the fewest possible losses. I suggest reading books to learn more about it. There are numerous top-notch websites like Medium where articles on it can be found. For me, this application is the most ambitious of the rest. I chose to buy dynasets as a wager that this initiative would be a success. I sincerely hope that this will turn out to be the best choice for me in the long run. Has anyone received any updates on this?

We'll just treat our funds as "dead money" once we've decided to buy, hold or trade them. I already have this kind of mentality in which really don't mind about my losses, especially that I am doing DCA with Bitcoin since May 2022. I'll just keep buying BTC with my extra "not beer" money every month to accumulate my wealth overtime.

Preparing for the big rain of course, especially the next halving period.

bitcoin, ethereum, and also bnb are the least risky investments, we don't even need to worry as many people worry that a panic sell will occur. buy and save and don't ignore it anymore, of course if the market turns bullish there will be a lot of news about cryptocurrencies that accompanies it, so we don't have to worry about missing the moment, and for sure there will be profit, it's different if we want a thousand percent profit on projects that don't clear