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Author Topic: How to overcome fear and doubt in bitcoin?  (Read 321 times)
Ayaancool
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February 12, 2018, 05:16:22 PM
 #21

     Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
    Most of the people who invest in bitcoin are fear that they will not gain profit and lose their capital. Others have doubt if bitcoin can recover or not...
Is there any cure for this matter?
Its answer is " believe",believe in bitcoin. Bitcoin is not the name of a new crypto. Bitcoin is the grandparent as per the seniority. It has that much experience and power to stand in the crypto market. So you should believe in Bitcoin.
budz0425
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February 12, 2018, 05:19:56 PM
 #22

You will eventually learn how you are going to over come your fear, actually I have done it whenever every night I am seeing my children I want to give even not the best but all the things they need in their life, the right education, books (not gadgets), clothes to wear  but not too expensive. So, whenever I am seeing them I am seeing myself as a hero where in I can do anything just for them.
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February 12, 2018, 05:26:31 PM
 #23

Doubt is a good thing. You don't want to get rid of doubt entirely - that would make you overly/unrealistically optimistic

You should be prepared for Bitcoin to go up as well as down.
player1001101001
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February 12, 2018, 05:37:11 PM
 #24

     Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
    Most of the people who invest in bitcoin are fear that they will not gain profit ant lose their capital. Others has a doubt if bitcoin can recover or not...
Is there  any cure for this matter?
many people have this kind of  fear but i want to  tell those people do not take tension about btc price. btc is volatile. that's why it happens. btc is more beneficial investment than any other coin. if it falls after some time later it will bounce back. just have patience. and after a specific time later you got huge returns. just hodl it.

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Webberson
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February 12, 2018, 05:52:06 PM
 #25

     Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
    Most of the people who invest in bitcoin are fear that they will not gain profit ant lose their capital. Others has a doubt if bitcoin can recover or not...
Is there  any cure for this matter?

Most people became skeptical about bitcoin when the price started falling. The fear of losing made people involve in panic sale. This can only be averted when people equip themselves and have a strong knowledge about the currency. Because i believe when one is properly groomed on something, there would be a strong mind to overcome any fear that may arise.

heureca
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February 12, 2018, 05:53:24 PM
 #26

     Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
    Most of the people who invest in bitcoin are fear that they will not gain profit ant lose their capital. Others has a doubt if bitcoin can recover or not...
Is there  any cure for this matter?

I think it is better to have a part of BTC in portfolio. Anyway BTC is the main criptocurrency at present. Usually BTC have oposite trend with altcoins so your portfolio will be more balanced if you have as bitcoins as altcoins

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CaptainKid
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February 12, 2018, 06:03:12 PM
 #27

     Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
    Most of the people who invest in bitcoin are fear that they will not gain profit ant lose their capital. Others has a doubt if bitcoin can recover or not...
Is there  any cure for this matter?

There are many such people. Every man has a medicine in his head! We create restrictions and statements for ourselves, in this or that situation. Weak - go away, strong - stay
UzumakiSakuragi
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February 12, 2018, 06:24:29 PM
 #28

Fear and doubt are feelings caused by lack of knowledge. You need to learn first about bitcoin. Know its history, its background and how much well it did in the crypto market since it was invented. Once you know which coin you are about to encounter, that is the time that your fears and doubts will disappear.

    I agreed to that! All investment involved risk.but knowledge and experience can give you confidence, it  helps   you overcome fear And doubt.

dewi91
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February 12, 2018, 06:41:10 PM
 #29

to overcome fear and doubt you should back to your purpose when the first you think to invest in bitcoin, at that time you must have confidence that bitcoin will give you an advantage. when you start to do something, then try to survive to the end, the end when you can get an advantage.
acha1217
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February 12, 2018, 06:49:55 PM
 #30

1. Your capital money should be from money you not use it for daily needed or the money you able to lost, make it far from debt capital
2. Already read and learn more about the risk, so you should know investment in bitcoin have very high risk.
3. Don't just always watching the market when bitcoin price down, you can looking for project in this forum for more income.

That's all I do when bitcoin price go down. Please never sell bitcoin though you lost very little money of your capital. And I'm sure bitcoin price will be go up back to normal again in half of this year because the total supply of bitcoin isn't too much. Thank you
bitbunnny
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February 12, 2018, 06:58:21 PM
 #31

I suggest to study some history of Bitcoin and how the situation was developing in the past. It's also usefull to listen some advice from experienced users.
Trust is something that comes with experience and knowledge about the currency you are trading with. If you are not looking only for fast short term profit you will realise that Bitcoin is currently the best investment, of course with certain risks and possible losses but that is why you have to play smart and use your head, not only heart.

adifariz
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February 12, 2018, 07:01:16 PM
 #32

overcome fear and doubt on bitcoin if you believe in bitcoin. Believing that its value will continue to increase over time. In addition, you have to take risks because investing is always risky. You can not get much by just staying in your comfort zone and afraid of taking risks.
SummonKing2
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February 12, 2018, 08:10:22 PM
 #33

To combat my bitcoin fear I'm thinking of a bit of bitcoin today and it's never going to be a scam and no bitcoin prices are going down again and that's what I'm thinking of not being afraid of bitcoin. This could seem like a bad thing at first that would negatively influence the cryptocurrency market by creating division, but in reality, it means that Chinese citizens can now relax and use their country’s local exchanges to trade cryptocurrencies without having to fear legal penalties from their Government.
Zyborg
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February 12, 2018, 08:19:14 PM
 #34

BTC is very volatile.It encompasses both high risk and high return.If you compare BTC with other cryptocurrencies you woul feel that other cryptocurrencies are also very lucrative but ration of profit margin is very high in BTC Case.If you go in BTC detail and if you analyze its crash history your confidence would restore that after every crash BTC bounced back with high power and got higher price.2017 is a good recent example for BTC high price.Some days ago,there were news regarding regulation of BTC,ban in China and South Korea,but after green signal BTC price again rose to $9000 a week ago,Still marketcap of BTC is lying at top in Coinmarket.There are predictions that BTC would appear more effective than 2017 as more investment is anticipated in coming months.Soon dip period would be converted into Pump up period.BTC is the only cryptocurrency which determine the overall marketcap of coin market.
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February 12, 2018, 08:25:56 PM
 #35

We must understand that bitcoin is like any other investment, we need to take a risk, there is a chance of either loss or income in the future. Another is that volatility is one of bitcoin's nature and we cannot help but to experience sudden increase or decrease in bitcoin price. The only way you can eliminate fear rely on your trust over your investment, I think being optimistic is needed in this kind of investment.
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February 12, 2018, 08:26:59 PM
 #36

They are scared because they were not informed that bitcoin is not seen as a short term.investment. Those who really knew what they are doing know that they invest money for long term investment. Dumping and pumping happened sunce before, and old members are already used to it. Its a matter of taking a lot of time and reading a lot of information on what and why to invest in cryptosystem. Do nit see bitcoin as a wishing well than when you want it will. It takes a lot if thing to make bitcoin otice grow and stabilized.
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February 12, 2018, 08:28:02 PM
 #37

There is this method i do to reduce the fear and doubt.

Take a 4 second deep breathe through the nose.

And exhale through the nose for another 4 seconds.

Do this for 1 minute and you'll find yourself calm and more relaxed...

This should get you back on track. Best of luck!

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February 12, 2018, 08:40:56 PM
 #38

     Most of the people now have fear and doubt because of bitcoin price down. We always read and see repeatedly"bitcoin price is down,should we sell or hold?",it is the end of bitcoin?..etc...etc....
    Most of the people who invest in bitcoin are fear that they will not gain profit ant lose their capital. Others has a doubt if bitcoin can recover or not...
Is there  any cure for this matter?
Experience will be the key. If you doubt that Bitcoin will be still successful despite of the dump, you have to see it for yourself. Try to observe, Bitcoin is downed for about 48%, and is now starting to recover. Eventually, you will see how great Bitcoin is. Just be patient, it will be again on its peak we just need to wait for it. Invest now while its price is still low and Hold!

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February 12, 2018, 08:50:30 PM
 #39

In the world of cryptocurrencies we are dealing with a huge bubble, and today it is difficult to assess which information or event had the greatest impact on the decline in prices. Perhaps the crowds of unfortunate information and unexpected movements made that we can buy bitcoin today for nearly half of the December price.

The cryptocurrency market is inflated and the situation with dotcoms will repeat. Then, tech companies that wanted to change the world were invested. Many big companies grew on the rubble of that crisis, which today are among the richest in the world.

With cryptocurrencies, most likely it will be similar. The bubble burst will be verified by the market where only the strongest players and projects will stand, behind which there are interesting services and people who have ideas and skills to develop and sell them well.
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February 12, 2018, 09:16:24 PM
 #40

I think it has a lot to do with experience. The more you go through the more resistant you will be for FUD. With time you can select which chatgroups has value, and which one is just creating a bigger mess. You "enjoyed" a few market correction, and the next one wont even effect you... and use common sense

   
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