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Author Topic: My advice to Bitcoin newbies: relax  (Read 4662 times)
Pier7
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April 03, 2018, 08:11:45 AM
 #541

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 have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.

I completely agree with your viewpoint, just sit back and relax and wait for the price to rise again, the demand for bitcoin still exist and more and more people are going to continue to gain interest. Investing in cryptocurrency is not a short term to get rich quick but to invest in a future.
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April 05, 2018, 09:42:03 AM
 #542

Bitcoin market's and altcoins are too volatile to depend on it on daily basis and depend only to it for our financial security because we don't know when will be the next bitcoin and altcoins market crash. We should know the risk on buying and taking the chances on it thats why every crash of the market I try to be calm as much as I can so I wont panic to sell all of my coins that i'm currently holding.
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April 05, 2018, 11:08:01 AM
 #543

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 have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.

It is easy to give lectures on how prices will recover but I feel that pain of people who lost money by investing in bitcoins. Investing at $20000 levels and then seeing prices drop to $7000 results in loss of more than 50%.
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April 05, 2018, 11:10:59 AM
 #544

I just can't be relaxed for some reasons ... I tried forex in the past and I lost a lot so changed to bitcoin and I'm loosing too , it's really hard and stressful for me and I really hope that things change soon .
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April 05, 2018, 11:11:03 AM
 #545

I think it's natural that everyone feels panicked when bitcoin prices go down, especially people who have bought bitcoin of course they feel that the loss is getting closer.
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April 05, 2018, 11:24:00 AM
 #546

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 have 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 guys for the advice to a newbie like me. I never panic because i know that's only temporary price decrease and i hope soon bitcoin price will recover.
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April 05, 2018, 11:28:30 AM
 #547

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 have 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 guys for the advice to a newbie like me. I never panic because i know that's only temporary price decrease and i hope soon bitcoin price will recover.
yes, relax and just chill you must need to do when the bad market is arrive. because if you let yourself thinking about too much in the cryptocurrency you got afraid and panic. you just stressing yourself, so in the end, you decide to sell your bitcoin so atleast you have an earnings even though it is only small. but it isn't the right thing to do. just hold the bitcoin you owned and you see the big profit
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April 05, 2018, 11:34:16 AM
 #548

Unfortunately, people have always been very prone to panic, therefore, often without understanding something completely, they begin to make stupid mistakes, as it is now happening with the mass sale of bitcoins around the world.
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April 05, 2018, 01:43:54 PM
 #549

Just enjoy relax and make the best out of bitcoin. You should have the longest patience ever and determination.

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April 05, 2018, 01:53:08 PM
 #550

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 have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.

Friends, your suggestion is good. Crypto coins have an unstable value, the price drop is normal and the value of the crypto coin will definitely increase again. Holding crypto coins nowadays is a great way to save from loss and regret, be patient and wait for us will definitely get the profit we want.

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April 05, 2018, 01:57:52 PM
 #551

Relax is a good advice for the bad market  ,but first of all you have enough money for your food and water in real life .
Having a bad situation is still a good time to relax. There's no reason to panic everything is under control. Just think like bitcoin is in maintenance and having a trouble. Solution is on its way and jutst believe because doubt has no place in here. It won't solve the problem and at the same time it will only discouraged you. Just be positive with bitcoin.

 
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April 05, 2018, 02:31:22 PM
 #552

I think what you should do in times that bitcoin price gets to its peak is to trade it before the price goes lower and lower.
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April 05, 2018, 02:41:39 PM
 #553

The new investors are responsible for volatility in prices to a large extent. I think that we should inform the new investors that there are chances of loss as well.
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April 05, 2018, 02:45:07 PM
 #554

A very timely and sound advise for everyone, relax. With the way things are going now that the market is red again, we all have to stay calm and relax. Bitcoin is volatile in nature and we should be well aware that Bitcoins price will rise again in the coming days. Also, we don't want to be part of the people that will lead to its further drop if we do panic sell, it will be no good to anyone.
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April 05, 2018, 02:45:25 PM
 #555

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 have experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
Hello everyone, many of users here are some newbie and they are exploring the world of bitcoin.  Recently there is a lot of changes here in bitcoin price and many people panic because of that news. They are scared of being loss of money in there pockets and wallets. Just relax and experience the world of bitcoin.
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April 05, 2018, 02:49:20 PM
 #556

Actually there has to be an understanding of the whole Cryptocurrency market world and also a deep/firm understanding as to the decision one is taking as regards investment in the Bitcoin it self. When you understand the time and the season of the market, then you can decide to relax even when the markets are dipping. I did stick to your advice to just relax and not get worked up over nothing.
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April 05, 2018, 02:54:08 PM
 #557

I just can't be relaxed for some reasons ... I tried forex in the past and I lost a lot so changed to bitcoin and I'm loosing too , it's really hard and stressful for me and I really hope that things change soon .
Newbies are afraid that the dropping of bitcoin might be the end of bitcoin. In the past of bitcoin, the dropping of value of bitcoin also happen, but see, bitcoin is still alive up to this day. Remeber that bitcoin is volatile, means, the value sometimes high, and sometimes low, and i think thats normal. Just relax, trust, and wait patiently because i believe that the value of bitcoin will increase after months.

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April 05, 2018, 03:04:09 PM
 #558

These swings are normal, you an see it three or four times in the last year. Bitcoin will rise, correct and then continue on its trajectory.
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April 06, 2018, 08:56:14 AM
 #559

The newbies and inexperienced could not be relaxed, especially those who frequently drinking coffee, they've got nervous, they are worried about their bitcoin and crypto investments once they see the trends in red and if they monitored that the price is dropping continuously.

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April 06, 2018, 08:57:54 AM
 #560

My only advice is to people who want to try it. They first study what bitcoin is good. And learn what to do when you use bitcoim. To note, they must know the history of bitcoin so they can fully understand why it is rising and becoming popular.
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