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Author Topic: Some words of encouragement during this market crash  (Read 521 times)
Oilacris
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July 12, 2021, 08:13:19 PM
 #61

The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
On times like these then emotion would be your main enemy and we dont really need some sort of encouragement but rather try to look at on how far we've able to reach out.

Dont let yourself get drag on with the market crash because if you've been on this market for a while then you cant really be easily be affected compared to those who had just recently dive in.

It might sounds simple but it isnt really easily to be done because it will really be playing out your emotion and mindset.If you are really prepared and serious with volatility issues
then this wont really be that a major thing for you to problem about.

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July 12, 2021, 08:16:15 PM
 #62

In my experience participating in this electronic market for many years now, I see that if you are a long-term investor and want to win in this market, you should calm down and wait, you must become Don't be emotional and don't be too controlled by the ups and downs of the BTC market, the price will surely go down, and how many times the price of BTC drops deeper and reaches the highest peak, you must have faith in the coins you buy keep long term.
If the market is crashing, then learn to embrace it. Bear season happens every year so there's no new to it. As long as you never fall for panic selling and stay hodling all your coins, then you will never be at loss.

Divert your attention to other productive activity so you won't be depressed seeing the prices continue to fall. Come back to crypto only when you see the market is already stable and when you see new heights, sell some of your coins so you will also enjoy your profits.
Yeah, that's a way one can get his portfolio remain strong even when the market is getting into the bearish trend. As of now we don't know when the market turns bearish and when getting into the bull trend.

We need to be active and should have the understanding not to fall for panic waves and to stay strong hodling it. If not if you find the market is turning bearish sell it against USDT and do buyback at a lower price making your portfolio even stronger.

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July 12, 2021, 08:28:53 PM
 #63

I try not to pay much attention to the price ( but still keep up to date with what is happening in the crypto space just not to be left out on a vital information especially with regards to my investment) so I focus more on my job to distract me and stop me from checking coingecko every 5 minutes,  understanding that this time is part of the market cycle and also necessary for the overall growth of the market also helps to ease the tension a bit, because it will help you understand the market will also recover at some point and make everyone smile again  Smiley

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July 12, 2021, 08:31:40 PM
 #64

Market crash has been a staple event in the cryptocurrency industry, and this is not the first time or even the biggest or worst crash bitcoin has ever experienced in its decade-long run as the leading coin in the market. To say that this will be the end of bitcoin as a cryptocurrency is not only untrue, but also generic as a lot of people had already told bitcoin will die off in the past crashes we had, but still we have yet to have a crash that will really put the coin to rest. So just sit tight, and hold what you can weather.



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July 12, 2021, 08:42:43 PM
 #65

What's with the August? I've seen I think a couple of post that there's something that will happen good by the month of August. But OP is right that we must continue to buy bitcoin and save as much in your own portfolio before another greater bull run comes out.
It's the essence why we're keep on saving bitcoin because every market cycle, there's a likelihood that it will imitate the past.



 

 

 

 

 

 


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July 12, 2021, 10:00:37 PM
 #66

If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.

 Grin

and who guaranteed that in August the price will start to increase?

the price is still above $28000, as long as the price does not fall below 28000$ there is no reason for people to be worried, the problem will be if the price falls below $28000, if one day this happens then we will see a bloodbath until at $20,000 - $22,000. but as most people do hodl then there is no reason to worry, even if the price drops below $28,000 (something impossible in my opinion), people who do hodl will not be worried, they are doing hodl for the next 5 years old

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July 12, 2021, 10:30:20 PM
 #67

In my experience participating in this electronic market for many years now, I see that if you are a long-term investor and want to win in this market, you should calm down and wait, you must become Don't be emotional and don't be too controlled by the ups and downs of the BTC market, the price will surely go down, and how many times the price of BTC drops deeper and reaches the highest peak, you must have faith in the coins you buy keep long term.

Keeping our faith is a very tough decision to do, because we're always having that mindset of acquiring our profit in a shorter and quicker time. But when this market downfall came, there's no option to do and we're really force to hold long term. Cashing out that money if you don't need in emergency is not worthy, so better let it stay in crypto or regret by the time crypto goes back on green market.
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July 12, 2021, 10:40:40 PM
 #68

In my experience participating in this electronic market for many years now, I see that if you are a long-term investor and want to win in this market, you should calm down and wait, you must become Don't be emotional and don't be too controlled by the ups and downs of the BTC market, the price will surely go down, and how many times the price of BTC drops deeper and reaches the highest peak, you must have faith in the coins you buy keep long term.

Keeping our faith is a very tough decision to do, because we're always having that mindset of acquiring our profit in a shorter and quicker time. But when this market downfall came, there's no option to do and we're really force to hold long term. Cashing out that money if you don't need in emergency is not worthy, so better let it stay in crypto or regret by the time crypto goes back on green market.
When emotion sets in then that faith of yours would be really be mainly affected which would result into sudden change of decisions and i can really attest to that all of us did really experience the same thing.
Market cant really be predicted no matter how good you are on making analysis and when you dont have sufficient knowledge on this market then most likely you would really be that impulsive when it comes on
making decision towards your trades and the key on minimizing those kind of emotions is on gaining on experience, you wont really be that affected much but still not 100% but at least
you are aware on how market behaves and react accordingly with the situation specially on dumping times.

R


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