Three things you should not do when Bitcoin prices drop!

[solenn heussaff]

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 "

The three things that you don't do when the price of bitcoin drop are this. First don't panic if the price continue to drop. Have patience in waiting. Second don't lose hope in the price. It will rise soon. And lastly, don't quit investing or buying bitcoin.

[BlackRogue]

These points might be helpful for Bitcoin holders at this current market situation. This is true you are lucky if you have some money to invest when the market goes through price dip. Because the risk is minimal that time.

[Teivion]

even though a lot of us will look at the chart, it can't be helped if we do sell our coins when the price soar. This is just human nature that we want to play it safe.

[kucritt]

when the bitcoin price drop i always buy again more and more at the low price, so when the price of bitcoin is rise up we can get profit or maybe we will get lower loss than you dont buy at the low price, it really works for me when you buy at the low price

[liripoop]

Well these are some helpful advice to take in consideration for the Bitcoin owners. But I think when price reach up to a satisfactory level and if it is able to bring enough profit then selling would be a good choice.

[jamesbondbd007]

I guess different people have different way of dealing with market and Bitcoin price dip. But these tips are helpful in some way. I hope people will be able to find their own strategy to survive this bearish period.

[Yellow Grendels]

This post is really good! Thanks mate for sharing your thoughts. I also think that investors shouldn't sell their coins immediately when the price jumps up. This is not a good decision at all.

[wormgummy019]

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 is very good article to read. I think many investors don't sell their coins immediately. Even me, I learned something from this article. Thank you very much for this tips.

[abiola4real]

I will not strictly accept the third option, because if you are holding you need to be watchful of the market situation in other to have a clear few of the happening in the market. Failure to do so, may lead to not sell when you suppose to dispose. My view*

[dgreat]

When the market trends go higher as we all know it is of good benefit and interest to everyone investor but when it is down that is where we know the real investors. In as much as there is a good side of a thing, there is also a bad side of that thing but your ability to contain it determines who you are and how far you can go. When bitcoin price is  going down, do not rush to layoff your bitcoin it has always been so not the first and not second as selling, you just might   end up loosing it if it goes higher than before you just sold it. Do not starre at the market chart all days as you might not have the courage to do any order merely looking at it. Nevertheless, you should not panic when t
It is low as it would definitely rise  back as it used to be. Never be discouraged by anyone's opinion towards your investment as you can never tell what the next seconds could bring for you.

[WrayburnBTC]

I agree with you. Volatility is the nature of crypto currency so i don't see point of being so scared and nervous of such situations. People should wait and give the market time to be stable.

[electrobit8024]

you know I have to admit that I am really glad that you asked cause because of lack of information most of the time people makes major mistakes on this period , first of all you have to be clam don't take hush decisions then hold the transaction for a while as long the market got improved

[abiola4real]

I can not strictly agree with you on the thirs option. Because whoever that invested must be following his or her investment in other to have a clear view of the happening in the market. Failure to do so may lead to loss.

[caideogivay23]

With a way of a new user will be only three print the basic, do not make a bitcoin discount:
1) Do not execute this bitcoin now, this as this is the basic found that can be know when any bitcoin tham gia
2) Don't need the given example because that they will push your account to the number 0 that?
3) Lossless will give a large exposure for you

[learningcrypto5421]

first of all don't get panic, your patience is highly required in this situation, and of course don't sell or buy any assets on this situation it is not a good time to make any major or serious step

[Sact]

Well you explained very well. It’s really a good post. People should grow their patience and also should control the emotions if he/she wants to do business in crypto market otherwise he/she cannot see the face of profit here. 

[Jingjess]

The three things you should not do when bitcoin price drop was over view the price though it is normal for us to monitor our investment,another thing is, avoid panic selling and don't feel depress everytime the price fall.Learn to be patient because this is what we need  especially in time like this.Wait until the market recovers.

[Sultanar484]

Your strategy looks good. I have another suggestion too. Don't try to sell coins at panic.

[crypt0monarch]

Ur post is really good because most of peoples do mistakes in downtrend and most important thing is peoples get panic so we need to play according to strategy we can make stop loss on particular point also identify entry and exit point of market. and don't get early involvement in market in downtrend because market make new low in bearish trend, whenever we not get confirmation in chart for entry than don't need to trade and stay away from market.
important thing is never sell in loss because no one know when bitcoin market make new bullish trend and do investment for long term with good entry point.

[Dexion]

a good topic, and I think selling assets when a bad market is a bad idea.

we can still trade even when the market is bad, but it is very difficult, so it will only get a small profit.

For the world of trading, looking at charts every day is very important, because crypto volatility is very fast.