My advice to Bitcoin newbies: relax

[Sadum]

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.

AGREE!

I am responding to the current market price calmly because I see it's usual in a market where prices are always changing and if you guys do as I and hatshepsut93 do your life will succeed because nobody knows tomorrow..

[romandos86]

It is very easy to say:"Relax" when you have a lot of bitcoins and just waiting for price increasing)) But there are a lot of people who invested all their money in bitcoin))

[coinstalker23]

I panicked too when I first trade my bitcoin I buy it at 7400 usd then it dumped so i nearly sold them all at the price of 6300usd nearly a thousand negative price of bitcoin and I remain calm till the price go up on december last year and I sold it at my target price. I remain calmed in the scariest 3 days of my life as a first time trader.

[MorganFreemanBeard]

If you are new in the industry, don't be too hasty in making decisions. Remember, small steps will lead you to bigger success and waiting for the right opportunity will be worth it.

[BlackSeaConqueror]

Yes, the great changes in the price of the currency recently make me feel worry, my mood is very poor, I want to sell the currency to reduce my loss, but I hold back, I don't go to see the price of the currency amount

[Sergey190785]

Absolutely agreed with the author of the article. Bitcoin always grows, you just need to be patient and wait for growth, or trade, but it's much more risky to trade if you're not a specialist

[Galaxy555]

I think newcomers in cryptos are in panic,because they did not see any correction on the market.This market and Bitcoin down fall is very temporary.So,don't worry and just relax.You will see Bitcoin will go high once again.

[rampage101]

Unfortunately, fluctuations in the price of bitcoin is always a big stress. And you just need to calmly survive that period, as the price will stabilize sooner or later.

[weblaraveluser]

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.

This is indeed a great advice, i am always talking to my friends about the drastic change of prices in them market either it is going up or down and the best thing to do about it is just always think carefully before selling or investing because they might lost profit or gain profit depending on their decisions.

[Loveaaronbaby]

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.

Yes, the price of bitcoin has dropped so much recently that many people have chosen to sell their bitcoins. Many people choose to sell all their bitcoins because of panic, which will make them lose a lot of money. So you had better be patient.

[Urbinklin]

Usually, how would we feel not calm, deep down we still really nervous. That's how people work. Suggest just beneficial to use a price drop.

[Udrujec]

The main thing in this case - not to panic and not to sell in a hurry their coins at the lowest prices. It's very unprofitable and very stupid.

[Intersan]

These are simple Advise to Newbies:
Stop checking the price every few min, don't try to be a trader if you don't have skills and experience for it, just HODL and wait for the moon. Long-term investing is always smarter and less stressful than short-term gambling on price.
Also don't let the Fees and the price of Bitcoin be a challenge to you. the technology is still quite new and there is room for improvement.As for the congestion is only temporary and caused by the spike in trading.

In addition,  never rush things out.  Don't be swayed with the feeling of wanting to earn money as early as you can and as big as you can.  Joining up bounties,  investing on projects and trading a coin doesn't mean big money or big profit already.  You will always have to work hard for something big to come to you.  Honestly,  this is very important because many people thinks that they would ear big money already after joining this forum,  which is wrong.  It took me months before I received my first salary and a month before I was able to trade  it for a good price. If you want,  you can start with bitcoin campaigns because their payments are weekly. 

Again,  don't rush things out and don't think about earning money all the time.  You need to know about bitcoin and cryptos first,  then forum rules,  and then the ways to earn cryptos.

[bitcoinajax455]

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.

Yes, the price of bitcoin has dropped so much recently that many people have chosen to sell their bitcoins. Many people choose to sell all their bitcoins because of panic, which will make them lose a lot of money. So you had better be patient.

That's the problem of the new bitcoiners, at first we had already no that the bitcoin is volatile. It's hard to predict the price of bitcoin, but one thing to remember that there's an opportunity in volatile. Self determination patient is needed.

[xiaohao111]

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.

Yes, we all know that the price of bitcoin is not stable, and it will crash at any time. When bitcoin crashes, we often panic and make the wrong choice. When bitcoin crashes, we should learn to relax and calm down. Then we can make the right choice.

[bigbosma]

Yes, you are right, the best thing we can do-just do not get nervous and it is desirable not even to observe the growth, but just forget about it for a while.

[rtm125]

Yes, you need to relax and buy some coins at a very favorable, reduced price. Then the drawdown for you will be more relaxed.

[btcmg]

love it，hold it

[Skieleton]

Yes, you are right, the best thing we can do-just do not get nervous and it is desirable not even to observe the growth, but just forget about it for a while.

Exactly, we will not do much to get nervous. Come to me I was worried about the 30% decline in the entire market. Everyone wants to earn the most money. Only patience can save us .

[September11Myth]

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

...and shortly afterwards the Bitcoin has climbed from 6000$ to 20,000£ - LoL.
However, now many months have passed from this OP and the OP has again some connection with reality. The advise is good, but insufficient. Watching one's own money shrink, for all those who bought at ATH, it is inevitably very painful.