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Author Topic: The importance of staying positive, no matter what (the price is)  (Read 285 times)
eaglewhite80
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April 10, 2018, 06:28:06 PM
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 #21

This is a useless philosophy that has nothing to do with cryptos or blockchain. It is a matter of your character and the way you are used to live. You could likewise say that it is better to be a good man than a bad one, or a clever than a stupid one. So what?
Everything about it is true and as long as it makes sense, it is not useless. You think if those who have been holding for a long term and reaping the benefits now had lose hope, they would have reaped those benefits?

The mistakes a lot of people have made is that they got greedy (that is the basic fact) and with that, they just expected the market to keep going up and then giving the whales a lot of money to take as a result of their panic, but the thing is, those who were never ignorant of the market situation and got in with some knowledge will never have fallen for such.

However, even if you did eventually make such a mistake, like the OP have said, there are ways that you could have at least gotten out of it even during the downtrend, but like it, most people would still prefer to stay in their ignorant state and rather whine and complain about everything.

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Canis Majoris
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April 10, 2018, 06:57:22 PM
 #22

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.

You seem to be missing the whole point of this thread, and not just you, to tell the truth. You can get your money back by riding volatility, doing arbitrage, and likely via a lot of other things which I even don't know about but you should have a positive attitude toward what you are doing - in this case, trading. When you are positive, you will search for ways to change things and the status quo. You will look into opportunities of earning back what you've lost. It is not given that the price will ever go back to previous highs in the foreseeable future - or at all, so passively waiting may not be a viable option, all things considered.
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April 10, 2018, 08:16:39 PM
 #23

At times positive vibration can capture more market. This would bring in more investors into crypto which will help circulate more coins in the market. This in turn bring more values to the crypto currencies especially to bitcoin. Buy as many coin as you can as every coin so very cheap and is in red. This is the right time to gather coins in the current wallet to see.

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April 11, 2018, 05:33:57 PM
 #24

However, even if you did eventually make such a mistake, like the OP have said, there are ways that you could have at least gotten out of it even during the downtrend, but like it, most people would still prefer to stay in their ignorant state and rather whine and complain about everything.

After all, it is their choice for which they pay the price. I'm not telling anything new, what I say has been known for years.,if not centuries. Some of us are more pessimistic by nature, some more optimistic - these are the lucky ones, but in the end it is not something which is set in stone and cannot be balanced out. There is another wonderful wisdom which says if there is a will, there is a way.
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April 11, 2018, 06:35:46 PM
 #25

Buy as many coin as you can as every coin so very cheap and is in red.

Love this part, read it a few times and have no clue what's going on. Grin


I like being realistic at all times. Being positive and optimistic can make you rush into something without that much of a thought. Somewhat clouding your thought with "this is going to be good","it's going to work",etc...

Same goes for being negative and pessimistic. Not being able to see something or even maybe denying to see due to being, well negative.

Keep it realistic, look at what's going on, follow the market and play smart. Don't rush into things, that's my best advice.


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April 11, 2018, 06:59:32 PM
 #26

It is always important for one to remain positive in every situation you found yourself particularly when there is a fluctuation in the values of your portfolio (coins) because if you do the other way it may lead you to sell at lost.

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April 11, 2018, 08:55:21 PM
 #27

I like being realistic at all times. Being positive and optimistic can make you rush into something without that much of a thought. Somewhat clouding your thought with "this is going to be good","it's going to work",etc...

Same goes for being negative and pessimistic. Not being able to see something or even maybe denying to see due to being, well negative.

Keep it realistic, look at what's going on, follow the market and play smart. Don't rush into things, that's my best advice.

This is not about being blind and rushing into things. This is about being in a state where you can make decisions. Compare that to a state in which you can only sit and wait. In other words, you can be positive while remaining a realist and overall cold-blooded when you make your trading decisions. I see no conflict or contradiction here. In fact, being realistic already assumes having a positive attitude.
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April 11, 2018, 09:39:57 PM
 #28

When the prices fall as hard as they did since December, it is difficult to stay positive when you had bought right at the peak. But you really should. The difference between staying positive and negative is colossal and life changing.

this started because the price just went up and did not fall, people bought at the price of  $7000 and days later the price was  $9000 and more people bought and days later the price was $11000 and weeks later the price was  $15000, more people bought in the belief that the price would go up very high and the price actually rose to $19,000, with so many news channels spreading these all price increases and many analysts making forecasts of more price increases, no one thought that the price could fall and when the price dropped the panic began, came the disappointment and many people began to complain, this would not happen if people were making long-term investments

When you are feeling negative and depressed, you won't do anything. You will just curl up in a fetus position and cry all day long over the money you have so carelessly invested in Bitcoin. However, if you stay positive and look forward to a better future, you will be actively searching for ways out of the predicament you got into.


only people who have invested in the long term and people who bought very early have reasons to always remain positive, but people who borrowed and bought bitcoin have reasons to be desperate

As a matter of fact, there were quite a lot of opportunities along the road to balance out the losses since December, and if you focused your attention on these opportunities instead of pointlessly crying over spilt milk, you would now reap profits, literally. This is what seasoned traders do all the time and you can do as well.

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April 11, 2018, 10:34:22 PM
 #29

Remaining positive no Matter what happens is very important for you to actually succeed in your investment. Bitcoin and other crypto currencies can make you rich if you are ready to actually remain positive over all your position. I have been trying to teach people how to buy and hold coins for long-term and one thing that I think is very important for them is to remain optimistic about they open position.

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April 11, 2018, 11:17:53 PM
 #30

In one thread you create this very deeply, it's a problem that when they think negative things they can do because if they are related to money they will feel the fall and lose everything, especially the value of money they invest is very big, are very worried about them but not the return of bitcoin prices think they have no more hope in the future, it is negative thinking that can hurt oneself hard to think positive if one's mental is not strong to hold all this important money back that is in mind them now, hopefully more easily understood what happens with bitcoin nowadays every want to invest there is a risk and must accept the consequences.

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April 12, 2018, 01:00:40 PM
 #31

Remaining positive no Matter what happens is very important for you to actually succeed in your investment. Bitcoin and other crypto currencies can make you rich if you are ready to actually remain positive over all your position. I have been trying to teach people how to buy and hold coins for long-term and one thing that I think is very important for them is to remain optimistic about they open position.

Well your outlook towards your investment could very well determine if you'll succumb to panic or not. If you trust in btc, of course the price decline wouldn't mean that much for you since it's only at a moment's instance. Being negative about it makes you uneasy and nervous whenever the price drops.

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April 12, 2018, 01:52:39 PM
 #32

yes we need to be always think positive here in our investment and there's a lot of ways to do investing like buy the coins that already run for so long here and example of that are btc,eth,ltc so i say better to do investing in trusted already like we sure that we can't lose and we need only to just hold it then wait until the price of it go high here in crypto

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April 12, 2018, 03:27:38 PM
 #33

This is not about being blind and rushing into things. This is about being in a state where you can make decisions. Compare that to a state in which you can only sit and wait. In other words, you can be positive while remaining a realist and overall cold-blooded when you make your trading decisions. I see no conflict or contradiction here. In fact, being realistic already assumes having a positive attitude.

"This is about being in a state where you can make decisions." That's what I've meant with rushing into things, making rational decisions depending on the way of your thinking (pessimistic, optimistic). No, this is some deeper philosophy that I will not be getting into, but being realistic doesn't have to do anything with being pessimistic or optimistic.

In a bad situation, you can be a pessimist and think that it could not get worse, an optimist that it will get better and a realist where you see the situation how it actually is.
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April 12, 2018, 07:42:26 PM
 #34

This is not about being blind and rushing into things. This is about being in a state where you can make decisions. Compare that to a state in which you can only sit and wait. In other words, you can be positive while remaining a realist and overall cold-blooded when you make your trading decisions. I see no conflict or contradiction here. In fact, being realistic already assumes having a positive attitude.

"This is about being in a state where you can make decisions." That's what I've meant with rushing into things, making rational decisions depending on the way of your thinking (pessimistic, optimistic). No, this is some deeper philosophy that I will not be getting into, but being realistic doesn't have to do anything with being pessimistic or optimistic.

In a bad situation, you can be a pessimist and think that it could not get worse, an optimist that it will get better and a realist where you see the situation how it actually is.

I have to disagree. Indeed, if you trade by numbers and charts alone, and can actually force yourself to stick to your trading style at all times, then that might be the case. However, if you make rational decisions, they will remain rational in any coordinate system - low or high mood, the same as based on numbers. The problem is it is by far harder to remain rational when everything looks bleak to you because you are already not rational in your thinking. Overall optimistic outlook and positive mindset is the fuel for your rational reasoning engine. There is no middle ground for a realist there because you with human nature. When you think like you are in the neutral territory, in a nowhere land, you are already pessimistic. On the other hand, when you think you are most realistic, you are actually in a positive state of mind. Anyway, I don't see a single reason why you would not want to delve into this thing.

It would be an interesting discussion.
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April 12, 2018, 07:46:52 PM
 #35

There is a wisdom which says that false hopelessness is much worse than false hope. You may think that it is just a catchy phrase but it is definitely not. When the prices fall as hard as they did since December, it is difficult to stay positive when you had bought right at the peak. But you really should. The difference between staying positive and negative is colossal and life changing. When you are feeling negative and depressed, you won't do anything. You will just curl up in a fetus position and cry all day long over the money you have so carelessly invested in Bitcoin. However, if you stay positive and look forward to a better future, you will be actively searching for ways out of the predicament you got into.

As a matter of fact, there were quite a lot of opportunities along the road to balance out the losses since December, and if you focused your attention on these opportunities instead of pointlessly crying over spilt milk, you would now reap profits, literally. This is what seasoned traders do all the time and you can do as well.
Thanks for sharing, you made some very good point in here.There are certainly those who profit from the market crash,they thrive on panic of others.It is very important not be at the losing end.If can stay positive in market crashes,chances are high we will be able to recover from the dips and not sell off profitable long term investment as a result of despair.
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April 12, 2018, 07:53:32 PM
 #36

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.


Well thats just stupid. I took out a big loan to buy a bunch of bitcoin in late october just before the price went nuts. It was a fantastic investment. But I didn't take out more than I could afford to pay off. If anyone really did take out loans that were so big that they can't afford to pay the monthly payments without selling their investment thats just stupid no matter the market.

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.
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April 12, 2018, 08:44:00 PM
 #37

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.


Well thats just stupid. I took out a big loan to buy a bunch of bitcoin in late october just before the price went nuts. It was a fantastic investment. But I didn't take out more than I could afford to pay off. If anyone really did take out loans that were so big that they can't afford to pay the monthly payments without selling their investment thats just stupid no matter the market.

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.

There is absolutely nothing wrong with selling your investment, especially in a bubble situation.

But if you are selling because your emotions in a falling market(and everyone experiences that, by the way) are telling you that you should just get out of bitcoin for good, then that's where the mistake is made. What will usually happen is that you'll sell at a low level, like your brother, and then have the fear of missing out when bitcoin takes off again in a bull market, so you're actually losing money that way.

It's not about staying positive all the time even if bitcoin's in a huge bubble, but it's believing in the long term of your investment in BTC. After all, you invested because you think that BTC prices can really go up over the long run and if you sell now, you're missing that opportunity entirely.

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April 12, 2018, 08:46:46 PM
 #38

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.

Staying positive may be good if you wanted to focus on long-term investments - in fact it looks like the only option to stay just sane in the long run - but this is not what I wanted to say in OP. It is not about talking yourself into doing nothing for a couple of years in a less stressful way. Quite the contrary, my whole point was about carrying out a well-thought-out plan how to get out of losses if you were unlucky to buy at December highs.
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April 13, 2018, 01:11:19 PM
 #39

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.

Staying positive may be good if you wanted to focus on long-term investments - in fact it looks like the only option to stay just sane in the long run - but this is not what I wanted to say in OP. It is not about talking yourself into doing nothing for a couple of years in a less stressful way. Quite the contrary, my whole point was about carrying out a well-thought-out plan how to get out of losses if you were unlucky to buy at December highs.

I think your mentality going into a highly volatile investment like Bitcoin has to be "hey there may be times when I'm way down on my investment but I believe in it long term and I only put in what I can afford to keep in there for a long time so I don't care about a market crash, I can just wait".

If you don't have that mentality and strategy then you shouldn't be investing in Bitcoin. That's how you stay positive no matter what the price.

My parents and uncle finally decided to buy around $10k/$11k in december, and bought more way up at $17k. But I told them when they were buying to just make sure not to sell if the market crashes, hold out for the long term as they can be highly confident it will be up at some point in the future even if they've lost value for a while. The long term view is how you not care about what the price is at any given time.
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April 13, 2018, 01:12:14 PM
 #40

Yeah only thing is staying positive won't give them their money back. You see, a lot of people went to different sources and got the money to invest in Bitcoin but now that the markets are in a bull period, they can't keep up with the other end of bargain when they borrowed the money. We are seeing suicides, murders and what not for money. This stupidity is worse than their earlier stupidity of buying bitcoin at a higher price.


Well thats just stupid. I took out a big loan to buy a bunch of bitcoin in late october just before the price went nuts. It was a fantastic investment. But I didn't take out more than I could afford to pay off. If anyone really did take out loans that were so big that they can't afford to pay the monthly payments without selling their investment thats just stupid no matter the market.

The key is staying positive on the long term outlook. My brother sold half his bitcoin a month or two ago because he said he didn't wanna stress over it. I told him that was very stupid. He only had a bit over 1 bitcoin anyways, so even if he lost all the money its not like he'll miss it in the long run, but if he had stayed positive he might be sitting on well over $100k in a few years. Just gotta keep a positive long term outlook. Sure it sucks getting trades stuck for a few months or watching your portfolio go down for a few months. But if you wait long enough 99% change you'll be making lots of money again in the relatively near future.

There is absolutely nothing wrong with selling your investment, especially in a bubble situation.

But if you are selling because your emotions in a falling market(and everyone experiences that, by the way) are telling you that you should just get out of bitcoin for good, then that's where the mistake is made. What will usually happen is that you'll sell at a low level, like your brother, and then have the fear of missing out when bitcoin takes off again in a bull market, so you're actually losing money that way.

It's not about staying positive all the time even if bitcoin's in a huge bubble, but it's believing in the long term of your investment in BTC. After all, you invested because you think that BTC prices can really go up over the long run and if you sell now, you're missing that opportunity entirely.


Bold part - exactly.

My other brother bought at ~$2700, sold half of that for I guess $3xxx during the crash from $5000 to $3000. I told him he was crazy and he absolutely should not have done that. And of course if he waited just a few months he could have sold at $10k or $15k of $19k. He put in so little money relative to what they have (he just put in $2500 to buy .89 BTC) that the risk of losing that a couple thousand dollars when you have a good career is really not a risk at all, but the upside if you hold is maybe you sell in a few years and could possibly make $50k or $100k or more (or he could have sold late last year and made over $10k even after taxes for a tiny 6 month investment). So why did he sell half his BTC, worried that he was going to lose all of a few hundred dollars, and took the out of gaining a few hundred dollars, pure emotion of "oh my god my investment is dropping i better sell!"

First rule of bitcoin: never listen to your emotions.

And of course I've violated that rule plenty of times, especially during my first bitcoin stint back in 2013/2014, and it pretty much always results in losing money or losing bitcoin.
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