Psychology of waiting

[freedomgo]

It's really a torture in some point when you are holding your very priced cryptocurrencies in your wallet and see how its market price decreases each day. That's how hodling is. You have to overcome not only the bleeding market but your emotions as well.

Yeah right, because sometimes the price stays in a low position for a long time, if you don't control your feelings and emotions,
maybe you will be angry because the price doesn't go up for long time and maybe you will do something stupid like sellingat a cheap price and get loss..

Most of the investors in crypto are weak emotionally, they can easily panic when the whales starts to shaken the price.
In their mind, they believe investing is an easy away to make money but now the reality is already witnessed by us, we should learn by this and we can still hold that means we are strong and we deserve a good reward for doing that.

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[arikassuja]

usually the psychological condition of the person holding the holding will experience tremendous pressure and they usually always expect prices to recover or at least rise and not always fall. I often hold coins and are often stuck in coins that are very expensive but I believe the cryptocurrency will increase prices.

[Pikachu12]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

We should point out that technology companies are going down the drain. The world economy is getting much worse because of the US and Chinese business wars. All companies are devalued and so the value of the altcoins drops. This is really an opportunity and I think your friend will understand that.

[Kekenapep]

Waiting maybe risky atimes as the price may not pop up anytime soon but it's worth it most of the time,put patience is very vital in the crypto world to avoid panic sales.

[Kira_lapa]

When I talk with a person who is waiting for a drop in the price of altcoin, I try not to convince him immediately, but to begin with ask him clarifying questions. For example: Why is he so sure that the price will fall? Where did he get this information from? Can he trust those sources? Is he sure in his knowledge? How successful were his past deals? etc. As a result, in most cases people start to doubt their adequacy and begin to ask my advice.

[Kira_lapa]

In most cases, people are self-confident and it is impossible for them to prove that you are right. If you are worried that a person can lose their money, then do not press on him with your beliefs. In this case, you will only run into the negative.

[iv4n]

When I talk with a person who is waiting for a drop in the price of altcoin, I try not to convince him immediately, but to begin with ask him clarifying questions. For example: Why is he so sure that the price will fall? Where did he get this information from? Can he trust those sources? Is he sure in his knowledge? How successful were his past deals? etc. As a result, in most cases people start to doubt their adequacy and begin to ask my advice.

It`s easy to understand the psychology of waiting, but there is a time to be patient and moments when you need to strike. People wait more calmly when they’re told that everything is OK, but each of us needs to answer on question "What I wait?" You can wait drop to buy more, you can wait top to sell, so it depends what you have, and what are your plans with your possession. Most people have one goal, that is making more money. Even that depends from individual plans, you can make money every day, or you can make a lot once a year, time is always important in trading when did you get in, when do you plan to exit. It`s hard to talk more specific about this topic, trading have so many ways and each ways depends from so many factors, I mentioned couple important ones and it`s your starting point, your capital, your wishes and goals, your knowledge and experience, and many other factors to be considered. To know what is the best for you, try to find answers in practice and trying things, but always have in mind more you plan more safer you are from losing money.

[biletskiy]

Waiting maybe risky atimes as the price may not pop up anytime soon but it's worth it most of the time,put patience is very vital in the crypto world to avoid panic sales.

The longer you wait, the higher the chances that you will decide to sell it for the low price are. Only the wisest people can restrain this desire to get rid of the crypto and get fiat fast.

[bitbunnny]

For long term holding you have to have good strategy, excellent nervs and be endlessly patient. Unfortunately not many Bitcoin holders have these qualities. Last but not least the funds you have invested in Bitcoin must be those that you realy don't need for a longer term.
Otherwise you might make decisions that will lead you to loss and not profit.
To avoid such mistakes it's also good to have some Bitcoins that will be used for short term investing.

[fanBit101]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

With psychology from the market going down since the beginning of the year. Many expect to be bought back at the bottom. Many people have speculated and waited for bitcoin to fall down to 5k5. However, you need a real, determined and persistent mindset. If you continue to wait with such thinking. I think you will hardly have the opportunity to buy BTC at the best price.

[Rhaizan]

Waiting maybe risky atimes as the price may not pop up anytime soon but it's worth it most of the time,put patience is very vital in the crypto world to avoid panic sales.

The longer you wait, the higher the chances that you will decide to sell it for the low price are. Only the wisest people can restrain this desire to get rid of the crypto and get fiat fast.

If you are wait then wait until the price increase than to wait the low price and sell. you are just waiting for the recover not for your big lost. That's you need to do  to avoid losing money.

[leonix007]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

I'd like to congratulate those people you've heard from December 2017, wait is truly paid off (If they have truly wait) 

nothing to make them understand, seems they do know what they're doing and anticipated this event

TBH I myself couldn't realized until mid Feb that BTC is really going down

It give a way to open door and to understand TA's and trading much more

and Voila, it explains it

[Ipwich]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

I'd like to congratulate those people you've heard from December 2017, wait is truly paid off (If they have truly wait) 

nothing to make them understand, seems they do know what they're doing and anticipated this event

TBH I myself couldn't realized until mid Feb that BTC is really going down

It give a way to open door and to understand TA's and trading much more

and Voila, it explains it

I have realized already that I should sell some of my coins last year to book for a profit, I was to greedy not doing it and now I have to wait
to see a good price again. I just feel I did not act on the right timing but I don't feel also that I loss money now because I can still hold for longer than a year.

[Aivaryamal]

Personally, I believe that you need to include common sense and strictly fix the profit when the price of any asset increases, because investment is always a risk and first of all the goal in front of everyone is to earn money.

[LimePleasant]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

In such situation it's good to plan your buying points on certain price levels and stick to them. This way if the price bounces up unexpectadly, you already have some coins that give you profit.

[Ponti]

Well that’s the “coin that has two sides”. There is a lot of info that BTC might drop even further and we can’t tell for sure whether it’s another FUD or something legit. And now bitcoin is in 6-7k region for quite a while which is definitely not the best sign. There are people with more “mixed” forecast, I , for instance, see bitcoin as heavily "coiled spring" that may burst to 10k , 20k or even destroy itself and have price of 100 bucks. What I can definitely say we are on the "next stage" of crypto space and there are plenty of factors that can lead to anything(e.g. governments uncertainty, institutional capital , ETFs, too many scam ICOs, overall economic downturn or even beginning of recession in the world etc etc etc). We are on the crossroads now. Make your own unbiased decisions but be sure to have strong basis of reliable information to back you up.

[Ranly123]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

Right now the price of Bitcoin has dropped, maybe these is the time that they buy for it. We will never know when Bitcoin price will go up again like the previous year but it will surely come.

[malah]

right, they shouldn't have to wait anymore to buy because prices will continue to change and they can lose the opportunity to buy at low prices, so don't hesitate to buy and invest, do it now

[Collynzo]

I think this post was made when btc was close to $18 and since then till now btc has fallen to around $6000 and same people might not habe bought, they may still to wish it goes to $1500, to me waiting is relative and as a short to medium term trader, I may not want to wish price drops to such level before buying, the idea is always to buy low and sell high and when the market goes against me, I exit

[Chachacoin17]

I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?

Right now the price of Bitcoin has dropped, maybe these is the time that they buy for it. We will never know when Bitcoin price will go up again like the previous year but it will surely come.

If people will buy for it, I think in the next few days we'll be able to see bitcoin's progress at greener trend of the blockfolio monitoring. In reality nobody knows or even predict the exact price on how Bitcoin will rise further, and for an opinion here psychology of waiting was just a matter of patience and courage.