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Author Topic: My advice to Bitcoin newbies: relax  (Read 4662 times)
Faroxx
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November 17, 2017, 10:45:56 AM
 #121

Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
That's true, but very difficult (especially the beginner) calmly watch as it melts the Deposit.
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November 17, 2017, 10:49:23 AM
Last edit: November 23, 2017, 02:23:30 AM by altercreed
 #122

This is not an ordinary "price" swing.  The end is near for legacy Bitcoin.

Sorry but bitcoin once again showed to us how dominant he's been all year long. Despite ups and downs and hardforks, bitcoin continuously proves its doubters wrong and now got its highest market value ever at 8K+ since its market value went down because of BCH pumping.

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November 17, 2017, 10:50:00 AM
 #123

If you have free money - buy Bitcoin it will be your the best invesement in the future.
New vision of The 10/10/10 Plan - Rich Dad
10% Investment
Each month put off 10% of your income to Bitcoin
10% Savings
Each month put off 10% of your income for emergencies and special opportunities.
10% Charity or Tithing
Each month put off 10% of your  income for giving to charity or tithing.
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November 17, 2017, 10:51:37 AM
 #124

Thanks for your advices! It really helps me as a newbie in this world. Although i don't buy any bitcoin and panic over it because of the price, at least this will be a new knowledge for me and a new information so in the future i won't acr carelessly.
I know that people panic because the price keeps changing, and worried that they may lose their profit. But for me myself, i believe in bitcoin and will always keep faith in it and not selling it.

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November 17, 2017, 10:56:46 AM
Last edit: November 17, 2017, 06:53:14 PM by Rocky Handsome
 #125

Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
Thank you so much to make us aware of all this. I still don't know many things about Bitcoin, regarding the pricing. But staying in Bitcointalk forum always help us. And  forum people like you also help us to supress our panics. Thank you for suggesting us with all of these points.
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November 17, 2017, 03:19:12 PM
 #126

This is what i am also telling to the newbies that i am teaching and guiding in bitcoin they just need to keep their self calm because the market seems so aggressive in terms of its price but it can go only in one way and that is to go up and that is why they should just invest their money and relax and appreciate the price of bitcoin that will literally takeoff anytime.

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November 17, 2017, 03:37:35 PM
 #127

I agree with this one for the newbie here that's normal the btc can increase or decrease in a really big amount because it is some how related to the economy of your country do not be disappointed if that's happen because will turn back as it is
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November 17, 2017, 04:45:37 PM
 #128

That's what I've been saying to my friends that I just recently taught about cryptocurrencies. They even went to my house just to ask what should they do because of the recent price dump of bitcoin. I kept telling them over and over again that don't worry and just relax because it is always been like that, just hodl to your bitcoin because when the price rose again, it will be higher than the highest price before it went down.
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November 17, 2017, 04:59:49 PM
 #129

Thanks for the very helpful suggestions. For beginners like me it is very important advice from seniors like you to fix the mindset on bitcoin. Looks like I need to learn more and understand about bitcoin.

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November 17, 2017, 06:03:13 PM
 #130

So much useful post for newbie.It is very wise to hold sometimes to get a super price in return as the fluctuations of bitcoin is obvious.But not everyone is patient about bitcoin!!they are always in frustration that bitcoin prices might fall down and they can be collapsed soon,this is why they sell as early as possible.
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November 17, 2017, 11:27:04 PM
 #131

I'm not to be mean, but honestly, it's very hard for the newbies to listen to the advice from the seniors (tell them to relax making them more nervous) They might eventually learn the process, either by the easy way or the hard way...


You are right bitcoin is digital currency and people turn off their jobs everything to earn bitcoin, when people start investing in bitcoin they start with the level of newbie but people hate to start with low standard and that’s why they leave and don’t patience for good future for that like people i am saying that they need to hold up for sometime because bitcoin give something must for that trouble.

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doch
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November 17, 2017, 11:27:52 PM
 #132

If you have free money - buy Bitcoin it will be your the best invesement in the future.
New vision of The 10/10/10 Plan - Rich Dad
10% Investment
Each month put off 10% of your income to Bitcoin
10% Savings
Each month put off 10% of your income for emergencies and special opportunities.
10% Charity or Tithing
Each month put off 10% of your  income for giving to charity or tithing.
 Roll Eyes
I am agreeing with you that bitcoin is the best source to earn money for future but new people when start investing in bitcoin so they get the level of newbie and that is not enough to earn money a lot and that’s why they leave and feels tease and angry with that but I will just say that they need to be patience and give time to bitcoin after that they will must have a good lie.
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November 18, 2017, 12:06:27 AM
 #133

I think you should first learn and learn the information, full knowledge related to bitcoin,
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November 18, 2017, 12:38:16 AM
 #134

I'm grateful for advice from those more experienced in Bitcoin. I only have a small amount but for me I'm happy to hold out for the long haul. I guess it depends how much you have invested.
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November 18, 2017, 12:43:13 AM
 #135

I am a still a newbie in bitcoin and i am all right. The ups and downs of bitcoin are just common here. So, don't panic and don't believe on gossips about the negative of bitcoin. Ignore them and relax.
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November 18, 2017, 12:45:50 AM
 #136


Watching BCH climbing again. Now's the time to relax....again!!!!

Don't panic. We saw what happened last week and everything came out okay. Keep the faith!
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November 18, 2017, 12:47:56 AM
 #137

Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.

a big clap clap to this post!indeed this will help those newbies atleast calm down....
as years pass btc is getting stronger,seeing it frm hundreds of dollars now to thousands.
that was what btc really amuse me,frm lowering down to the peak pumping up fast double
up.well hoping to see btc touch 10k$ soon....goodluck to all holders!cheers
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November 18, 2017, 12:56:58 AM
 #138

You are actually right. We should not panic instead be more patient and trust on bitcoin. Its volatility is not a surprise and it is normally happened.


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November 18, 2017, 01:14:42 AM
 #139

Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
The reason why people loss their money is because they are panic when the balue of bitcoin goes down which is not good because you are losing your money because everyone knows that the thing part of the value of bitcoin is flactuating.
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November 18, 2017, 02:23:36 AM
 #140

I think this is some valuable advice. When things are volatile, people are more susceptible to making rash decisions. As long as you are confident with your research and decision making, then stick to your strategy and keep on truck'n. Its easier to lose than it is to win when you are indecisive.

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