You should not sell your coins because of FOMO. The best time to sell is when a coin is in a pretty huge FOMO state, and you can gradually be offloading them bit by bit or simply take out your initial capital and a little profit then play with the rest. As long as you have been able to buy the dip, you already stand a better chance in that market and for a market with potential, you will be able to see some good growth and then look out for the good percentage in profit without getting greedy.

By investing time, that is time to learn, time to practice small no matter how long it takes you. I was reading an article of a well-known trader recently and he said the mistakes newbie traders always make is that after learning, they always believe that is it and they are ready for the real time trade, but that is actually when the learning starts.

You need to take it easy and not start giving yourself the idea that you want to start getting rich immediately, otherwise, you will be making grave mistake. Take your time, practice what you have learned with small or no real fund, and make sure you are good and ready.

Obviously, it is done by them. Whales practically play with emotions and they make use of that with the technical indicators. They are vast in trading and they know what traders are always looking out for and in this way, they more like play with emotions, and let people believe exactly what they want to believe with respect to the market movement. What gives them an edge is the fact that the market is full of FUDs, speculation, and inexperienced traders, and to top it up, a decentralized market, what an easy market to play with when you have a lot of funds to do that.

Yeah, the market is actually a whole lot risky as it is now and we may as well just keep seeing or looking forward to how things turn out eventually but for now, things are not looking pretty well from where we are and the market seems like it really wants to go test the previous low this year and even break lower from it. I am still very bullish in the long term anyway, but for the short term, there is really nothing much to hope for unless the trend changes completely.

They just simply have been lagging behind and I do not see how they actually should be celebrated for that. I do not know if this is even a product I can trust with using is bitcoin wallet, considering the fact that it is Chinese based, and we all know how that has worked out in the past. Also, I have my reservations for this phone based on the last statement mentioned in the article which haroldtee pointed out and that sounds kind of creepy.

I feel it is even important that anyone who is investing in cryptocurrency should at least be able to learn some pretty good ways they can at least trade so as to be able to get the best from the market.

It does not really have to be day trading, or short term, it may still be a very long term trading with just the purpose of following trend to at least take advantage of the fluctuations to own more position. However, I understand not everyone can trade or have the zeal to do so, but it is a plus and from my own mentality, any area of investment you find yourself, find ways you can get the best from it.

Well said. It is quite unfortunate though that we are in a decentralized space and even the bounty managers will not really care about the bounty hunters most of the time at the end as long as they have gotten paid and that sucks. Like you said, these things you have mentioned require skills.

It is not easy trying to construct 500 - 1000 word article for a project that does not value you or making a video as well. Even down to social media, they all have a part to play in the success of a project and none should be treated with disregard. Quite unfortunate though that this is what is at hand.

HODL mate and sell into FOMO to buy back again at the dip because that is a cycle that will always repeat itself and with that I have been able to increase my position in so many of the coins and tokens till date.

The idea basically is not to ever sell at ICO price or something pretty close to it, and who would even be investing in that way. What is important is to get a very sweet profit on what you are holding and wait for as long as you can to get that. I am holding few tokens for months. I am just following their roadmap. I may get disappointment in the end. But, we can see some coins are peaking after some long term waiting. So, expecting profits is the basic one here. Do not rush is the lesson from previous incidents.

Unfortunately, in that case there is nothing you will be able to do about it as you may not even see an exchange to make use of and you could as well just be bag holding your bitcoin hoping that one day, you may as well just get to spend it again.

Nevertheless, no need worrying about situations like this as I do not see in any way where the whole government all over the world will deliberately gang up against bitcoin to make it nonexistent. Most especially, there is nothing to hold against it even if it becomes a threat to fiat and worst that can happen is strict regulation which still does not affect anything much.

Well, this is one of the reasons why we are starting to see some level of attack on anonymous cryptocurrency such as monero, zcash and co. With regulations, I am sure it is going to be easy for the government to lay an attack on coins that are in this category by making sure they are delisted from any exchanges operating in their country.

Take a look at what Japan is doing right now; I guess that gives a clue what it is going to be like in the long run with regulation. Cryptocurrencies are going to stay with us for sure. These need of regulations or not may be decided after experiencing the consequences first.

We will even be fooling ourselves to think that the government will just allow local currencies to be discarded like that.
Apart from that, there would still be some category of people in the world and in each country that would prefer the usage of fiat since that is what they have been used to over the ages and easily switching to the digital age may be a little bit hard for them and since this set of people are part of the percentage of the global population, we should expect the two to run together.

It is normal for everybody to think the same way, but have you not seen people thinking the same way before and then things not going as planned ?

Whales know what they are doing, they read emotions in the market, and they know when to distribute buying and selling and how to move the market. Traders are there trying to play their cards safely, but the main fact here is that the whales make the call and there is absolutely nothing we can all do about it. One reason they call them the market movers or makers.

This is misconception about the Bitcoin because the Bitcoin has its specific timings if the price is fluctuating and if it is not fluctuating then this statement is valid that there is no perfect time to invest. On the other hand the specific time to buy the Bitcoin is the low market price and that is why you will get more coins on investment with low cost.

Simply buy at low market and sell out at high then good time will come to you. If you are ready to hold then all the current times are too good to buy. I am a long term holder hence I do buy on all the dips. I never bother about any sources for this. I just trust bitcoins so keep buying it.

Hope and prayer will not solve your case bro and if it happens, it will and if it does not, just keep believing in the long term of what you are holding. It is not impossible anyway since I believe that there is no way we won't experience some test of the previous ATH by that time, but at the same time, nothing should be expected since we all do not know the future and we do not know how long it is going to take for bitcoin to even recover which we do not know if we are really still in a downtrend right now.

Not sure if you know what you are saying but there is not point assuming all these would affect the future in a way since we really would not know how decisions would end up being played out by any means. Yes, I believe there are some few things drawing us back right now and sure there is a need to be careful but not really to create FUD or something as those who are investing long can keep taking advantage of the dip to buy more.

Technical analyst may say bitcoin will go down, but they sure do not know the future and if there is anything I have come to know with bitcoin is do not assume for the future. Just follow trend.

I would not advise you try them without at least learning the basics of trading first.

If you do not know what you are doing based on your ability to analyze trends, knowing when to buy, when exactly to be selling and when you should be getting out, then I believe anyone in that category will be making some terribly big mistake because no rule will be saving you except your knowledge and it is because of the lack of that knowledge that so many traders always end up sticking to the first rule the OP mentioned which in patience even when they are already losing so much just because they have no idea when to be out of a trade.

Still, the only way you can actually be safe is to find ways to be safe and that is where seeking for knowledge comes first.
It is not something easy when trading as you will need to be making some crazy decisions and very fast ones as well.
Strategy on how to trade safely is what is necessary, as you will always need to know when to buy any coin, sell the coin or stop loss just in case. As long as one can do all these, it is going to be easy trading anything.

But the most important thing is to always stick to a strategy and not look back no matter what. If you want to be a long term investors, be a long term investor and if you want to be a trader, be a trader. However, a lot of people have always worried themselves about a crash since they know they really do not have anything to do about it really.

The market is very volatile and it would take being a trader who is learned to be able to make some certain decisions, but at the end, it is still all about the long or short term profit as the case may be.

Trading is a profession, so I believe anyone should know better that if you are not educated in a particular profession then you stand the risk of flopping badly. In fact, it is not even just standing a risk; you will definitely flop. You need thorough education before you can actually do your best when it comes to trading. This is not gambling where you just pick a position and just think everything depends on luck, you will need to be making real life and quick decisions based on your knowledge.

Yes, we must avoid gambling if gambling is banned in our country. Because there will be a two problems if we gamble on a illegal situation. First we need to face the bad consequence of gambling after that the legal consequences.

Instead of struggling twice, it must be better to avoid completely on the initial stage itself. Now a days, lots of options are available to bypass legal restrictions. Still I never recommend to go for them. We must obey our country regulations so that we can be responsible citizen. Being a responsible citizen will always lead to responsible family member which is the only reason we are here and being as a family member.