Newbies panic & Old timers smile, when the Bitcoin price take a dip.

[badaovodich]

When old Bitcoin participants will know what the value of Bitcoin is and where ? It simply starts at $ 200, then $ 4000 - $ 5000 - ... and jumps to $ 16,700. It's not a thing of the past, but it's true for the newbie when it comes to starting out, it's very scary when it comes down to $ 6,700 from $ 16,700. But for the Bitcoin market that is not the end so the newbie is happy and waiting.

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[BigTeeths]

Not most of the time. There are many experience traders here are also complaining about the outcome of this year when it is supposed to be positive because we started January with a bull run of altcoin. You can only smile on this crash when you are one of the people who sold a lot of bitcoin in its peak in December.

[danice15]

To be honest even i joined the cryptocurrency without any idea if what it is and the only thing that remark in my mind is with crypto you can earn money. From the word itself "NEW', ofcourse newbies dont know how the market runs because they stilll dont have enough knowledge about it.But sooner they will  have experience and learned more about the market.

[squog]

That is too true! Although in my experience I've known of people who used bounties and signature campaigns to gain enough capital to trade. Fronm there they try their hands on trading and eventually get huge profits from it. I myself loves it when the market dips. That way i get to buy coins i can't normally afford.

[Faxmate]

It is totally true and there are many bounty campaigns and I clearly not blame them.

Now there are alto of bounty campaign which gives money and it is taking good part in making bitcoin famous, people are earning good income from campaigns, so they are not selling now, if a person is in need of money I think he should hold coin just work with the campaign I am sure it will help them to earn good money this way everyone can save bitcoin form selling.

[The Sceptical Chymist]

My advice to the newbies out there is to forget about Signature campaigns and Bounty campaigns and to concentrate on the things that will help you to make the biggest profits.

I agree with you about the bolded part, but not for the same reasons.  I think most bounty participants should abandon their efforts, because they're illiterate shitposters and that makes bitcointalk suffer at their hands--Facebook and Twitter, as well, because all they do is crank out spam.

The thing is, though, that for the average 3rd world bounty hunter, they can earn enough to support themselves, and probably their whole family as well.  It absolutely makes sense for them to be doing what they're doing.  I suspect that most of them don't have enough free cash to outright buy bitcoin in order to hold it.  Most of them probably would have no interest in crypto if they weren't doing bounties.  The only way they'd ever own any would be if they earned it by spamming.  You don't often see the average shitposter discussing anything other than "I joined bitcoin and it has a bright future, it increasing day by day" or some such nonsense.

For those people who actually l have some investment capital, what you said makes sense.  And me?  I'm in a sig campaign because I'd be posting here regardless of whether I was paid for it or not.  Why not earn some decent money by doing a thing that I'd be doing for fun anyway?  Makes sense, right?  It's not wasting my time and it earns me some bitcoin that might increase in value. 

Lately I've been NOT spending bitcoin or selling it.  I think we're headed into another bull market, so I'm holding.

[yulchatar]

I can't agree with author's position. When I came to crypto I started from scratch. My goal was to participate in bounty campaigns in order to earn the first cryptocurrency, and then invest everything in bitcoin. And I have reached the goal and continue to do so. So your advice is not entirely correct. One business doesn't interfere with another, it even helps, as in my case.

[jaysabi]

Old-timers who got on before $500 are smiling at whatever price it's at, 19k or 6k. It's all green for them.

Being in the green doesn't negate the crushing loss you've suffered in the $19k to $6k drop. It's about opportunity costs, and the opportunity cost of not selling and continuing to hold is the direct result of those losses. If you bought 2 coins at $500, you've invested $1000. Right now you'd be sitting on about $13,000, which is great to be up that much. But you missed out on locking in the gain at $38,000. Being up is better than being down, sure, but who's smiling about the fact that the opportunity cost of not selling resulted in a loss of $25,000? Looking at it your way may be optimistic, but looking at it this way is pragmatic.

[paynercash]

That is too true! Although in my experience I've known of people who used bounties and signature campaigns to gain enough capital to trade. Fronm there they try their hands on trading and eventually get huge profits from it. I myself loves it when the market dips. That way i get to buy coins i can't normally afford.

This is also considered your pretty good tactics. Because most of us are engaged in normal income. If prices are too high we can hardly afford them. So when it's down and it's going to be bad, that's our chance. I think so is most reasonable to invest.

[Wenmanong]

Maybe you have have point that most of the newbie panic rapidly, and the old timers smiling but you have also to understand their situation, teach them how to do.

[Pab]

new people who are coming to crypto have big expectation
Reality is very brutal often.Btc is going up and down in seconds
Scam great idea ico are still coming to market
People look for help but it is find to find   real help mostly hype or fud
If you want to stay in crypto you need to be ready for pain and unexpected nice surprices
But  what Tesla stock holders can say one tragedy

[Teriyanone]

You are correct We are passing the most valuable time in the crypto world because most token prices are very low so with a minimum investment today anyone can do a big change and gain incredible profits in the future and which is the reason most business individuals are attracted to crypto investments these days but still some are doing panic selling at the moment due to there inexperience and lack of understanding     

[putrisa]

yes you are right there are so many new traders who are panicked and finally they are affected to sell the assets they have at a very cheap price and that also makes the prices at the exchange place collapse until they reach the base price.

[blackbold]

I think it will be difficult to suggest the bounty hunters to buy as much bitcoin as possible when prices drop like this, because the main perspective of bounty hunters are not spend any capital to make a huge profit

[Sled]

This is very true because the newbies are just panicking and they are keep saying that bitcoin is dead and it was the worst idea of them trying cryptocurrency and putting money while the old people here in the cryptocurrency that experienced this kind of scenario a lot thinks that this is an opportunity to create more bitcoin and gain more profit in the near future.

[Bumblecoin]

i agree with you. to analyze the market situation newbie's should participate in bounty campaign and the signature campaign. then they will properly understand about the market.

Yes, you are correct. By joining signature or any bounty campaign you will learn a lot of things about crypto currency. Newbies must join us here. Aside from that you will enjoy and develop your communication skills.

[yusupjatigumilar]

the panic of the market came to the newbies when the market price experienced a downward correction, the correction will be made worse by the newbie action who fear losing their modl, this is where the character of a trader / investor is tested, and only those who have flight hours can deal with it calmly and wisely

[ucingucingan]

I think here our professional level is tested, how professional does someone take advantage of the opportunities and risks that always arise every time including when prices experience a correction down deeper, the newbies will definitely "cloud the atmosphere"

[feehannah]

To buy more bitcoins while price goes down in the market,is one great decision of everyone who want to earn more profits. But as what you said about newbies,we can't blame them all if they're focusing for joining bounty campaigns with their aim to earn a profits. Many of them are have no enough capital to buy bitcoin or other coins to do trading or investing,that's why they're trying hard to get some rewards through participating a campaign.

[yusupjatigumilar]

I think here our professional level is tested, how professional does someone take advantage of the opportunities and risks that always arise every time including when prices experience a correction down deeper, the newbies will definitely "cloud the atmosphere"

I agree with you, that newbies can be said to "cloud the atmosphere", here I can interpret that selling panic by newbies will make prices fall even deeper, if that means traders and investors are dominated by newbies even though they have years of running this investment