Three things you should not do when Bitcoin prices drop!

[liennhung345323]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

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[First77]

Let it fall to the lowest price so that you get minimum risk of loss from buying at price from where it can fall more..

[Ava Duvall]

Also - do not panic sell! thats a really big mistake newbies make !!

[electrobit]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

It´s ok when people see Bitcoin an investment, but I am agree with we start to see Bitcoin and Blockchain how they really are.

Look at this. https://bitcointalk.org/index.php?topic=5005364.msg45159144#msg45159144

Regards!

[Balinsayaw]

It depends on the person holding the BTC. At the current price of BTC, you cannot avoid to look at the price chart and waiting to rise again.
If you invested last December 2017 you might have a heart attack right now.

[Caelanpelley]

1. You should not be afraid and sell your bitcoins.
2. You should buy more bitcoins when their prices hit the bottom.
3. You have to persist and store your bitcoin for long.

[lovelyababio]

Good advice, i have always maintained that patience is needed and the ability to control our emotions is needed when viewing the market

[fonengo]

Hi, everybody. 1.Not panic. 2. Don't sell your assets. 3. Just wait.

[MarioV]

Hi, everybody. 1.Not panic. 2. Don't sell your assets. 3. Just wait.

I would also allow myself to add a fourth rule: when you learn about the collapse, close everything, don't read anything and go for a nice walk.

[jhayness18]

When prices drop we cannot blame ourselves when we felt nervous and scared but this is not advisable to do when investing in crypto. The best things to do while we experiencing downfall are the following:
1. We don't need to be scared or afraid when we experiencing downfall because as we remembered this system are usually has a very high volatility therefore downfall is very usual things to happened.
2. Don't easily give up and immediately sell our coins because the investors that has a stronger believe and trust to this system and keep holding their coins are the people that has a big chances to be successful in the near future.
3. Don't look at the dark side of it's long period of downfall, thus, kindly considering it that it will be the best and perfect time to buy more of it and then keep on holding it until it will fully recover again before we sell it so by that time we can be able to become one of the successful investors in the future.

[RaidNow]

Cannot agree more with what you said not to do when the price falls. My opinion in this case is simple. Just hold you coins and buy some at the low price if you can afford to, This will yield you with multiple times more when the market will bounce back.

[davis196]

I believe that this thread should be in the "Trading Discussions" sub-forum.
Anyway,there's nothing wrong to sell,if the prices are going down(as long as this is NOT panic selling).
If the price is decreasing,but it's still far away from the bottom,you can sell and buy some cheap coins later.This is how you get some short term profit and you position yourself for the next long term bull trend.

[Herbert2020]

the "dos and don'ts" topics are never good because the market is not something that you can formulate that easily and then stick to that one formula no matter what happens in the market. what you should do is that you should always set a clear strategy and a goal for yourself and then depending on those two you need to make decisions in the market. for instance telling everyone not to sell when price goes up is wrong. some people are day traders they NEED TO sell when price goes up because they want to buy back when it recovers. or the same when drops, they need to sell at first to have money to buy back in a couple of hours when price stops and reverses.

[qiwoman2]

Most people are just shorting the market because they feel that this is the only way to make money, yes it's true in a bear crappy market all the shorters are making money, while the holders are suffering, but I think if you are day trading, you need to try to preserve your capital and try to make a profit, but yes when there is a dump like now, you wait, you don't sell when everyone else has already tethered, you wait for the next leg up and then dump into tether before everyone else does lol. Like yesterday I missed the call to tether so I am stuck, but then seeing how ETH is totally trashed now I am trading ETH markets instead to try to accumulate more Pundi x and ETH, until Bitcoin and ETH recover a bit. Switch strategies to stay afloat is one way of keeping alive in a bear market.

[supermine]

1. You should not be afraid and sell your bitcoins.
2. You should buy more bitcoins when their prices hit the bottom.
3. You have to persist and store your bitcoin for long.

There can be two kinds of strategy can be followed while the prices were falling the one is holding the coins until the market to recover or just sell at the current price and buy again at the bottom level and we can choose our strategy based on our investment time just like keep holding if you are long term investor or just buy and sell if you eant to make profits in short term.

[OneyZ]

Based on this situation you really shared a good things to us based on this it actually depends because it changes person to person because everyone has different taste and identity of thinking.

[Bryrsyrog]

You are right. Firstly, we should not wait for the lowest price when the price starts falling. In this way, we might actually end of losing many opportunities. Secondly, we must not hurry and sell off our coins when the price starts soaring.

[Cindykhato]

Yeah I agree with you as we all know that the best strategy while the price is falling is to hold and be calm as this will bounce back after the storm.

[MainIbem]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action.

Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

At this time, it is a great thing that you drew attention to ways one can caution himself. But it is truly scary when you look at the charts dropping at every hour. Your advice is noted.

[charlotte04]

Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

This is absolutely true. I do also do these things when I am not in my self and it always brings me sorrows about my trading, but I already have learned my lessons and try not doing to same things over and over again.