My advice to Bitcoin newbies: relax

[magicmeyk]

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.

Absolutely, no worry guys, after a dump it will eventually pumps back again. Bitcoin will rise every year.

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[Cordillera]

remember guys the value of bitcoin is not stable someday bitcoin will rise again so no worries guys hakuna matata just trade mine and earn more to reap the benefits when bitcoin rise again.

[dimastegar]

Indeed if we still lay it would be hard to accept if the Bitcoin we down. Like me when I first entered Bitcoin world, I also often panicked. But now I am immune to price down and loss when trading Bitcoin and Altcoins. Everyone will need adjustment. So, relax.

[kabzeon]

The dip likely won't go to 5k or lower because of the sole fact that so many people are waiting for that dip to jump on. Once they jump on and the price starts skyrocketing again, we will see ATH's quicker than ever before. If bitcoin is truly hitting a trend phase the bubble won't be popping for a while. Seems too good to be true, but this is the prize for buying your ticket to the moon early. What people don t get is that Bitcoin's growth is not linear, but exponential,we are at a very early stage and we haven't even hit the bottom part of the vertical on the 'S-Curve' of technology adoption.

[Reatim]

The dip likely won't go to 5k or lower because of the sole fact that so many people are waiting for that dip to jump on. Once they jump on and the price starts skyrocketing again, we will see ATH's quicker than ever before. If bitcoin is truly hitting a trend phase the bubble won't be popping for a while. Seems too good to be true, but this is the prize for buying your ticket to the moon early. What people don t get is that Bitcoin's growth is not linear, but exponential,we are at a very early stage and we haven't even hit the bottom part of the vertical on the 'S-Curve' of technology adoption.

Correct, everyone is really waiting for the floor price before jumping on. It went to $5600 though, but in a matter of hours bitcoin price skyrocketed to $6500 then have a price swing and it looks like its stable right now and increasing slowly. Just hope that newbies are not caught with the bitcoin cash and bought at premium otherwise they have lose their capital because the price is just hovering above $1000 now.

[Jonashe]

I agree with you. From the look of things now we can see that bitcoin have started appreciating. Bitcoin business is not good naturally for people that are not ready to loose or people with chicken heart.

Bitcoin is a good lesson to learn what value something, how the world work and what is going on. It's not regulated so it wil always be a rollcaster. it's clear that in cryptoland you can't have hearth issue

[imamimam1234]

True let's that panic gone. I do believe what author wrote will boost the mood and spirit to hodl or at least keep it, 'till rate stable. Now in coincap the bitcoin rate is up. It's absolutely a good news after panic attacks a couple days of ago.bitcoin to the moon.

[Headtekker]

Yes the best thing to do is just invest in bitcoin and relax. Do nothing else. Because by just waiting you can make a lot of money.
And i think that the price right now is nothing compared to what it will be in the future.

[Krishantha545]

At the moment the bitcoin value has been came down up to $ 6600.and I guess this will be go down in between $5700 to $5900.
There for no need to be hurry.

[Ben100]

The most unique thing about cryptocurrency is it's every moment fluctuation. This is very common to all the bitcoiners who are already engaged in bitcoin from very past years but the newbies panic for this fluctuation, so my advice to them is to relax and when the prices of these cryptocurrency reaches "moon" . The best way for mining into the bitcoin just work into these and wait for the inflating the rates of bitcoin. So just continue joining the bitcoin and for the newbie, my advice is to be relaxed and just mine the bitcoin and always wait for the right time

[wiser]

The most unique thing about cryptocurrency is it's every moment fluctuation. This is very common to all the bitcoiners who are already engaged in bitcoin from very past years but the newbies panic for this fluctuation, so my advice to them is to relax and when the prices of these cryptocurrency reaches "moon" . The best way for mining into the bitcoin just work into these and wait for the inflating the rates of bitcoin. So just continue joining the bitcoin and for the newbie, my advice is to be relaxed and just mine the bitcoin and always wait for the right time

That is so true. I remember when I first got involved the price swings seemed so dramatic. Now that I've been watching it for a long time as well as participating, the price swings seem normal and in some cases even predictable. Sometimes I can just watch what Bitcoin is doing on Coinmarketcap for a day or two and get a real feel for what's going to happen next, even without knowing any current news. There's just something in the way the price is moving that I guess I've seen before. I've been able to cash out on the high the last couple times. I don't always hit it right but I do now at least some of the time. So yes, relax, and take the time to really get a feel for it.

[Palmerson]

The most unique thing about cryptocurrency is it's every moment fluctuation. This is very common to all the bitcoiners who are already engaged in bitcoin from very past years but the newbies panic for this fluctuation, so my advice to them is to relax and when the prices of these cryptocurrency reaches "moon" . The best way for mining into the bitcoin just work into these and wait for the inflating the rates of bitcoin. So just continue joining the bitcoin and for the newbie, my advice is to be relaxed and just mine the bitcoin and always wait for the right time

It is easy to say but not easy to do. For many beginners, bitcoin is the only way to survive in the conditions of inefficient management of the economy of their country. For them, every drop of prices is a tragedy. They will never be able to keep calm. They don't understand that when people panic, they act on the side of the whales and help deprive yourself of money.

[panju1]

Yes the best thing to do is just invest in bitcoin and relax. Do nothing else. Because by just waiting you can make a lot of money.
And i think that the price right now is nothing compared to what it will be in the future.

This is easier said than done. During rapid increase in price, there is a temptation to increase exposure. You might know the risks involved, but sometimes the temptation is too great. The same holds true during crashes as well.

[ugr_erkn92]

The risk in this market is huge, and the profit rate is also very big. It is no excuse to be Nevbie.   Most of the investments made early  without learning the Bitcoin market and  without  watching the Bitcoin market , will result in damage. Some may be lucky. Don't invest all of your money, don't enter pumps. Good luck.

[mx667]

The risk in this market is huge, and the profit rate is also very big. It is no excuse to be Nevbie.  Most of the investments made early  without learning the Bitcoin market and without watching the Bitcoin market, will result in damage. Some may be lucky. Don't invest all of your money, don't enter pumps. Good luck.

Yes, maybe you're right. But you should know that, when people first knew Bitcoin, they also would not know if the Bitcoin price will go up like this. Maybe most of them spend their Bitcoin for shopping and many are sorry now. But surely there are some who still keep Bitcoin and never thought that the price rise Bitcoin until now. That means, no one knows what will happen in the future with Bitcoin. So there are lucky and there is regret. But now we already know that the Bitcoin price always goes up. So we dare to invest.

If indeed someday Bitcoin price is going down, at least we have tried. We can sell our remaining Bitcoin and we can still make a profit. Better regret for trying, than sorry for never trying.

[Hamstead]

There is no point panicking when it drops unless you just bought alot of bitcoins at a high price we all like it when prices rise but when it falls it's another matter. Just hold maybe invest in some other altcoin.

It is normally happen to those who are totally new in bitcoin world, volatility it means. Losing a big money is not a joke, maybe they just think of it always when bitcoin will go down. But eventually, is just normal to bitcoin for it's having a volatility character. It is very important for us ti know more about our coins because this is might give us a hint of  what may happen in the future of our holdings.

[lionheart78]

I agree with you. From the look of things now we can see that bitcoin have started appreciating. Bitcoin business is not good naturally for people that are not ready to loose or people with chicken heart.

I agree, people should prepare themselves when they are to participate in Bitcoin investment/trading.  We should not invest only because of the news about how good it is or how our friends influenced us.  We should invest because we have researched it and have prepared ourselves of the possible consequences.  Impatient people always lose profit and weak hands always lose their investment.  It is better to have patient and strong hand when it comes to Bitcoin.

[Slark]

As someone who held bitcoin for a while do you think the recent price surge since January is an elaborate conspiracy pump & dump scheme and how long would you think is going to take for prices to recover?

This is not an elaborate conspiracy but simple adoption happening. Buying bitcoin right now is like buying it at a great discount.
Price volatility is normal when there is no central bank maintaining the prices - stop trying to find 'behind the scenes' type of an explanation for it.
As you can see prices are recovering nicely and bitcoin reached Bitcoin tops $7,000 as price pushes up - Op is totally right - just relax and wait for $10k soon

[blockman]

I agree with you. From the look of things now we can see that bitcoin have started appreciating. Bitcoin business is not good naturally for people that are not ready to loose or people with chicken heart.

Bitcoin is back and appreciated again, good to see that we are again back to $7,200. Hoping that $7,000 is the solid floor price of bitcoin, no more asking for better price but I know it that it can go better for the next days. Haha that "chicken heart" though you better say it with a "weak" heart. I've notice those weak handlers that are just keep on panicking when they see bitcoin's price depreciate. Now it's time to relax, sell while we are at peak but not all of it.

[allthebitandbobs]

i going to go against everybody here and say sell everything you got now while the going is good.There some balance opinions on the forum