Solution to overcome panic

[eduvacation.net]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

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[Don Pedro Dinero]

I have another view. I prefer a solution for not having panic rather than one for overcoming it.

1)   Do a lot of research about the asset you are going to buy before you buy it and decide to buy it for its fundamentals and long-term perspectives.
2)   Only invest money you can afford to lose.
3)   Diversify.
4)   Don’t have more than 25% of your portfolio in high-risk assets like bitcoin.

Those are basically my points. With those I yawn in markets like the current ones.

[rivkavender]

as a newbie since i am too and only been in this space for about a little over 6 months what I have learned is to never become emotionally attach to the money.

Which is very hard and im not saying i am 100 percent perfect at it but it will overall be better and healthier for you in the long run.

One solution I have is I have started to think in crypto and not fiat because if i start thinking in dollars then i will go crazy because of the volatility of the market.

But when i think in crypto everything is much better because i am essentially compounding!


What do you guys think?

[TheUltraElite]

as a newbie since i am too and only been in this space for about a little over 6 months what I have learned is to never become emotionally attach to the money.
Which is very hard and im not saying i am 100 percent perfect at it but it will overall be better and healthier for you in the long run.

Do not become emotionally attached to your money. Although the deflationary design of bitcoin makes people stockpile it for future. The question still remains - for how long? A person's lifetime? or to their successors as well? I believe you should cash the bitcoins at times of pump and then buy back when the dip happens. This recycling as per the market movement is important.

One solution I have is I have started to think in crypto and not fiat because if i start thinking in dollars then i will go crazy because of the volatility of the market.

True but dont forget that crypto is the one which is more risky. How you invest in different coins is upto you.

But when i think in crypto everything is much better because i am essentially compounding!

Not essentially because prices can drop often.

[charlotte04]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

I would recommend see if the market is all red or all green, you just have to wait it all the time and be patience.

[Tisubasha]

my advice, you should be patient to wait for bitcoin prices to go back up again.
and you have to be sure and believe that bitcoin prices will definitely be stable again.

[acha1217]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

Many people panic when bitcoin price down because they not use money which they able willing to loss it, and they panic when the Bitcoin price go down and they sell it, maybe they use money for daily needed, and I think this is one of some requirement when invest in bitcoin or another crypto. So very sugested if :
• Use money which you able willing to loss it
• Be aware if bitcoin price is fluctuate
And still consistent, when you hold some bitcoin/ another crypto and the price not reach your target price you should consistent to never sell it, because we don't know how bitcoin price later.
Bitcoin usually reach high price in long term time, many peoples says "bitcoin good for long term investment"
And believe if all will be back to normal again

[rivkavender]

as a newbie since i am too and only been in this space for about a little over 6 months what I have learned is to never become emotionally attach to the money.
Which is very hard and im not saying i am 100 percent perfect at it but it will overall be better and healthier for you in the long run.

Do not become emotionally attached to your money. Although the deflationary design of bitcoin makes people stockpile it for future. The question still remains - for how long? A person's lifetime? or to their successors as well? I believe you should cash the bitcoins at times of pump and then buy back when the dip happens. This recycling as per the market movement is important.

One solution I have is I have started to think in crypto and not fiat because if i start thinking in dollars then i will go crazy because of the volatility of the market.

True but dont forget that crypto is the one which is more risky. How you invest in different coins is upto you.

But when i think in crypto everything is much better because i am essentially compounding!

Not essentially because prices can drop often.

If you are emotionally attach to the market and its easier said than done but you will experience more pain and panic if thats the case.

Thats just the facts.

I for one have stopped being so addictive and obsessive over the market and have been focusing on other things in my life and sometimes thats what people need to do and then come back to the market. pick up a book or go for a walk and dont be addictive to this because you will get rekt in the long run brotha

[supermine]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

One and only thing we can do is set up our mind for the long run holding that can save us from panic selling and joining in the signal groups can cause more worse the panic selling,o just do your own research but you need to have that confident and trust on bitcoin price then you never sell it for loss.

[chocolaty]

Newbies do not possess the skill that old members have. It is difficult to predict what will happen next based on chart which is why it is best to ask those people who have sufficient knowledge about stuffs here. Reading threads here can somehow enlighten your mind and if it still confuses you, consult someone. This is what I personally do. Good thing I know some people who are joined here ahead of me. In terms of panicking, so far I have not let my panic decide for my actions.

[BrewMaster]

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

1 and 2 are basically the same thing! and the information out there as "signals" come from groups and they are ALL complete nonsense and most of them are pump groups trying to fool some newbies and take their money for themselves. so stay away from 1 and 2
3 is kind of a weird statement in my opinion! the thing about bitcoin in my opinion is that you either see the potential in it or you don't. if you see it then it all comes down to your strategy. not everyone is a trader so they may not be willing to take advantage of every price movement up or down. but if you are a trader then holding is meaningless you must sell in a bear market and buy in the dips to sell on recoveries or if you want, short bitcoin in a bear market which is what we have now.

[ninabobo]

yes, you have to do everything that is related to crypto especially bitcoin.
knowledge and insight are the basic capital to do speculation. and not easy. that is why we must always try to find the source of every new information and its development.

[Kprawn]

Stop watching the price every day. {or like some, several times a day}

Bitcoin is a long-term investment, so you should not be bothered by the short-term volatility. Last year the price levelled out

at about $1000 and only started to rapidly increase from April '17 onwards. If you constantly look at the price, it will cause

you to panic and you might consider selling before it goes to a new ATH. {not guaranteed} 

[karik1987]

The current situation has a technical rebound at a price, but unfortunately not more. Despite the fact that the asset almost completely played yesterday's losses, tomorrow further progress can be difficult.
Nevertheless, the immediate goal remains the mark of $ 9,000, which buyers can still come up with no particular difficulty. Further growth will be determined by the external background and the number of major players in the market.

[napi]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

to overcome when panic when the price drops is the best way is to wait until the price back up and join the chat group and see thread notification of the coin to see what developments are in the coin.

[tora]

I tend to find that most crypto investors are new to the world of investment. I am fortunate to have invested in stocks and shares so the crypto fluctuations do not worry me. I think too many want to know everything too quickly. Good investment takes time to learn.

[pooya87]

the right thing to do is to educate yourself about bitcoin and its market (aka the price) so that you don't have to seek help from others, like looking up "signal groups" or some idiot on reddit, youtube, telegram, twitter,... who is spreading bullshit all over the internet and has enough shills to praise him and pretend he is actually good!
if you do that, you will find yourself in a lot better situation no matter what the price is doing. and in the end it will come down to experience. if you have it then you will be fine and if not then start gaining some experience, start by looking at chart history.

[Vit83]

Imho to overcome panic we have to stop reading news) If you are hodler you just have to wait. If not you need to have a trading system with exact risk profit and understanding what you are going to do in both ways of movements: up and down.

[player514]

As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.

1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.

If you have any other suggestions, I would be more pleased. Thank's

As much as I see these helping with people who can't help but panic sell, I also see some pretty stark danger in those options. The first one is my favorite, because I believe when it comes to business you really shouldn't trust people outside of yourself. 2 and 3 are dangerous in the sense that Bitcoin has and will always have the potential to tank. You can't rely on groups of people who just tell you that the price is always going to go up even while it's tanking.

[simongoat]

I find listening to people who have a mature understanding of the technology (like clif high) really helps when the panic sets in.