Bitcoin Forum
May 25, 2024, 01:40:29 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Current scare affect the decision making of starters.  (Read 232 times)
lousie9
Sr. Member
****
Offline Offline

Activity: 1680
Merit: 263



View Profile
August 24, 2023, 10:27:30 PM
 #21

Speaking in the context of a market moving in a negative direction, it is necessary to consider all decisions before regret arises when the market starts moving in a positive direction. Patience needs to be formed in beginners when facing a market that is fluctuating downwards, they must be able to control their emotions in order to save the value of their assets.
Actually sometimes I think it's okay if a beginner makes the wrong decision when they're just starting out because they panic and don't have patience. Things like that are a natural thing in my opinion, because some beginners sometimes don't have a mentor and enough knowledge to direct them to make the right decision when they first join.
I think the most important thing for beginners is not to give up easily because at the beginning they made some wrong decisions because of their limited knowledge and mentality. Some beginners, in my opinion need valuable experience and bitter lessons to be able to make or shape their readiness in this highly volatile market.

The right decision will bring big profits, when the market is moving in a negative direction
Yes it's true about the right decisions will indeed bring big profits, but sometimes even the wrong decisions can also provide valuable experience for them to be better able to make the right decisions in the future.


       ▄▄███▄    ▄███▄▄
     ▄▀▀    █    █    ▀▀▄
    ██    ▄▄▀    ▀▄▄    ██
    ▀▄▄▄█▀▀        ▀▀█▄▄▄▀
  ▄▄█▀█▄              ▄█▀█▄▄
▄█▀     ▀▀█▄     ▄▄█▀▀     ▀█▄
██          ▀█▄▄█▀          ██
▀█▄     ▄▄▄█▀▀  ▀▀▀▄▄▄     ▄█▀
  ▀█▄▄▄▀▀            ▀▀▄▄▄█▀
   █▀▀▄▄▄            ▄▄▄▀▀█
   ██  ▀▀▀▄▄      ▄▄▀▀▀  ██
    ▀▄     █      █     ▄▀
      ▀▀▄▄▄▀      ▀▄▄▄▀▀
.
cogwise
  ▄
█  █
  █
█  █
  █
█  █

  █
█  █
  █
█  █
  █
█  █
  ▀
.
Hyper-charge your trading with intelligent insights   ▄
█  █
  █
█  █
  █
█  █

  █
█  █
  █
█  █
  █
█  █
  ▀
▄█████████████████████▄
███████████████████████
████▀███████▀   ▀▀▀▄███
███▌  ▀▀███▌       ▄███
███▀               ████
███▄              █████
████▄            ██████
█████▄▄        ▄███████
████▄       ▄██████████
███████████████████████
▀█████████████████████▀

▄█████████████████████▄
███████████████████████
████████████████▀▀█████
███████████▀▀▀    █████
██████▀▀▀   ▄▀   ██████
███▄     ▄█▀     ██████
██████▄ █▀      ███████
███████▌▐       ███████
████████ ▄██▄  ████████
██████████████▄████████
▀█████████████████████▀

▄█████████████████████▄
███████████████████████
█████  ▄▄▄▄▄  ▄▀███████
█████  █████  ██▄▀█████
█████  █▀▀██▄▄▄▄  █████
█████  █▀▀▀▀▀▀▀█  █████

█████  █▀▀▀▀▀▀▀█  █████
█████  █▀▀▀▀▀▀▀█  █████
█████  ▀▀▀▀▀▀▀▀▀  █████
███████████████████████
▀█████████████████████▀

Mpamaegbu
Legendary
*
Offline Offline

Activity: 2702
Merit: 1219


Once a man, twice a child!


View Profile
August 25, 2023, 04:59:16 PM
 #22

Maybe some who are very hesitant will sell everything, but others will get a good experience and understand more about the value of Bitcoin.
Yep, I get OP's drift there. However, while I like teaching new users on stuff like this; I still believe people should be allowed to make their own mistakes so they can easily learn from it and move on. A few days ago I was teaching some folks the difference between knowledge and experience. To wrap it up, I told them knowledge is the experience of others that we learn from reading books or oral stories told to us while experience is our firsthand knowledge of something happening to us. That's why they say experience is the best teacher. No matter how hard and truthful you want others not to make your mistakes you will still find most of them committing those same mistakes. You know why? It's simply because people learn faster from experience than from knowledge.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Ruttoshi
Sr. Member
****
Offline Offline

Activity: 336
Merit: 277


Baba God Noni


View Profile
August 25, 2023, 05:38:44 PM
 #23

I wouldn't be surprise to see beginners scared on the price of bitcoin because even old timers that don't understand bitcoin movement might also get scared and sell their bitcoin. Knowledge and guardians is what those who are in the panicking mood presently needs,so that they don't regret their actions later when the price of bitcoin recovers.

 This is my first time to experience the downturn in bitcoin price to this level but I am a newbie and have the intention to buy more bitcoin so that I can accumulate to a certain amount before the next bull run and this is why I am not in panic. I believe that in whatever price we find bitcoin to be there are people that will benefit from such price. I wish I had a good cash inflow this is the best time for me to buy in lump.

.
Duelbits
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
///  PLAY FOR FREE  ///
WIN FOR REAL
█████
██
██
██
██
██
██
██
██
██
██
██
█████
██████████████████████████████████████████████████████
.
PLAY NOW
.
██████████████████████████████████████████████████████
█████
██
██
██
██
██
██
██
██
██
██
██
█████
Odusko
Hero Member
*****
Offline Offline

Activity: 910
Merit: 512


View Profile WWW
August 25, 2023, 07:26:50 PM
 #24

I don't see much panic in the air this period that Bitcoin dip in price,  it seems as if newcomers are becoming more aware of the advantages that come along such Bitcoin market reactions,  many may have already taken advantage of the discount price presented by Bitcoin to increase the bitcoin holdings and also to buy only amount there can afford to hold for a long term.
So the recent market dive didn't create too much panic for the newbie rather it gave them another chance, Only the weak hands would panic and dump at a loss,  but the smart investor would take advantage of the market.

Available
BITCOIN4X
Legendary
*
Offline Offline

Activity: 1988
Merit: 1153



View Profile
August 25, 2023, 08:29:06 PM
 #25

I don't see much panic in the air this period that Bitcoin dip in price,  it seems as if newcomers are becoming more aware of the advantages that come along such Bitcoin market reactions,
I'm not sure how you can come to a conclusion like that when bitcoin has lost so much value in the past month. Panic has hit the market and it's hard to even expect the panic to subside while the market is trying to recover. The price fell too fast which is probably the effect of the panic reaction of traders, but of course things are hard to say for sure.

many may have already taken advantage of the discount price presented by Bitcoin to increase the bitcoin holdings and also to buy only amount there can afford to hold for a long term.
Sure, but not everyone will do it especially since they don't have the budget.
Even if there is a budget, they need adjustments due to inflation and increasing living needs. Fiat has lost so much value that potential investors need to make some adjustments so that they don't cause problems when they want to invest in bitcoins and accumulate them.

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK   
          100%   MULTICHARGER   
AYOBA
Full Member
***
Offline Offline

Activity: 280
Merit: 142



View Profile
August 25, 2023, 09:16:13 PM
 #26

Can't blame starters to get scared about the current condition of bitcoin since no one like to see how the market move in negative direction but they should know that there are some ways that can make them avoid losses and that is.

In my opinion this is the few best things that need to consider.

Hodl since the only thing they lose is the $ and not the volume bitcoins still 1:1 ratio so this is best to do.

Decision making is also critical since we need to see each situation will occur and if we rush to decide without even thinking the whole point for sure we can lose our funds on simple mistake.

Fund management if they can able to grab for another funds they can set aside their funds experiencing some down turn and use an extra money to play with the market again and earn.

Proper researching by checking data's and news since this is helpful for us to learn.

The way Bitcoin is moving right now is inappropriate even to me, but if you claimed you would keep an eye on its development, you would not make any investments. I was terrified when I saw it dump, but I just have hope that it will no longer be dumping since I understand that no condition is ever going to last forever.

BitcoinPanther
Hero Member
*****
Offline Offline

Activity: 1918
Merit: 564


View Profile
August 25, 2023, 09:37:22 PM
 #27

Those who do not understand how the Bitcoin market works will really got scared of the current trend of the Bitcoin market price.  For those who do their research, this dip can be a motivation because of the opportunity to buy Bitcoin at a lower price.  If they understand the Bitcoin market and its cycle, they will eagerly buy Bitcoin at a discount because when the market transitioned to bull run, the market may not be able to revisit this price range again.  For those who have funds but hesitant will miss out on this great opportunity for sure.

To those who has Bitcoin, nothing to worry, they just need to hodl and wait for the market to recover and eventually surge.
Rengga Jati
Hero Member
*****
Offline Offline

Activity: 1988
Merit: 628


ROLLBIT > Crypto's Most Rewarding Casino


View Profile
August 25, 2023, 09:43:21 PM
 #28

Can't blame starters to get scared about the current condition of bitcoin since no one like to see how the market move in negative direction but they should know that there are some ways that can make them avoid losses and that is.
It would be better for them to feel difficult and worried if they want to invest in crypto in the first place. Because, with this, they can be more alert and careful to decide whether they are really going to get into crypto or not. This could encourage them to prepare themselves better, regarding their understanding of crypto and also their mental readiness. Rather than a starter who only has reckless and courageous capital without having strong knowledge and mental readiness, and only with their high hopes. This is precisely what is sometimes worrying.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
|
██░░░░░░░░░░░░░░░░░░░░░░██
▀█▄░▄▄░░░░░░░░░░░░▄▄░▄█▀
▄▄███░░░░░░░░░░░░░░███▄▄
▀░▀▄▀▄░░░░░▄▄░░░░░▄▀▄▀░▀
▄▄▄▄▄▀▀▄▄▀▀▄▄▄▄▄
█░▄▄▄██████▄▄▄░█
█░▀▀████████▀▀░█
█░█▀▄▄▄▄▄▄▄▄██░█
█░█▀████████░█
█░█░██████░█
▀▄▀▄███▀▄▀
▄▀▄
▀▄▄▄▄▀▄▀▄
██▀░░░░░░░░▀██
||.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▄██████▀████░███▄██▄
███░████████▀██░████░███
███░████░█▄████▀░████░███
███░████░███▄████████░███
▀██▄▀███░█████▄█████▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
FAZE CLAN
SSC NAPOLI
|
_BlackStar
Legendary
*
Offline Offline

Activity: 1092
Merit: 1236



View Profile
August 25, 2023, 09:55:18 PM
 #29

-snip-
It would be better for them to feel difficult and worried if they want to invest in crypto in the first place. Because, with this, they can be more alert and careful to decide whether they are really going to get into crypto or not. This could encourage them to prepare themselves better, regarding their understanding of crypto and also their mental readiness. Rather than a starter who only has reckless and courageous capital without having strong knowledge and mental readiness, and only with their high hopes. This is precisely what is sometimes worrying.
I guess I agree with your assumptions guys - but this concern affects not only beginners, but also experienced users. As a result many investors are expected to be more careful in making decisions – this will help them develop their investment strategy.

Mental readiness, knowledge and the like are the most important things when starting to invest – but of course unforeseen things can happen so they will also make adjustments. If they are long term holders - then it is unwise to be swayed by market corrections. While accumulation tends to be expected - it is useful in building his portfolio for the better.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Asiska02
Hero Member
*****
Offline Offline

Activity: 826
Merit: 680



View Profile WWW
August 25, 2023, 10:15:53 PM
 #30

Can't blame starters to get scared about the current condition of bitcoin since no one like to see how the market move in negative direction but they should know that there are some ways that can make them avoid losses and that is.
~
Hodl since the only thing they lose is the $ and not the volume

This is an important aspect that all bitcoin investors and enthusiasts should know and not only limited to newbies alone. Bitcoin will never reduce in quantity if at all you don’t sell any of them and keep them when experiencing market crises. The moment you sell them in fear of losing them more, that’s when you’ve started losing your money. For those that have understood the market more, downtrend of market is always an opportunity for them to buy more and not to sell their bitcoins.

Quote
Decision making is also critical since we need to see each situation will occur and if we rush to decide without even thinking the whole point for sure we can lose our funds on simple mistake.
~
Proper researching by checking data's and news since this is helpful for us to learn.

Checking data’s and news about bitcoin is indeed helpful and can serve as a guide on your decision making idea. But also have in mind that the bitcoin market is unpredictable and things can turn side ways from the way you’ve seen it in the past. Understanding the market thoroughly will really help in this, even if there’ll be a mistake, it won’t be that bad that you can’t predict some of its outcome.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Humblevirus
Full Member
***
Offline Offline

Activity: 232
Merit: 200



View Profile
August 25, 2023, 10:38:37 PM
 #31

 
If I have no idea what will happen in the cryptocurrency industry tomorrow or in the near future and I am holding some amount of Bitcoin and the price of Bitcoin is dropping, I will surely panic because I am not aware of what will happen in the future. Maybe the price will keep declining; I don't know, and that is what normally puts fear in our minds as newbies. I believe that only those who have good knowledge about Bitcoin or who have experienced the decline of Bitcoin's price many times before will be the ones who are strong and will not panic.

J A C K B I T   |   FreeSpins & FreeBets      Welcome Bonus     Rakeback VIP Club
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▄▄▄ ▄▄▄   C R Y P T O   C A S I N O   &   S P O R T S B O O K   ▄▄▄ ▄▄▄
Agbamoni
Sr. Member
****
Offline Offline

Activity: 336
Merit: 294



View Profile
August 26, 2023, 02:32:12 AM
 #32

Bitcoin is the king. No matter what people still benefit from bitcoin. The best idea hodl and maintain good strategy.
Remember what is difficult for you is also difficult for someone else what differentiates you from the rest is your ability to learn and use experience to grow your portfolio.

.
Duelbits
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
///  PLAY FOR FREE  ///
WIN FOR REAL
█████
██
██
██
██
██
██
██
██
██
██
██
█████
██████████████████████████████████████████████████████
.
PLAY NOW
.
██████████████████████████████████████████████████████
█████
██
██
██
██
██
██
██
██
██
██
██
█████
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!