Three things you should not do when Bitcoin prices drop!

[face foul]

Yeah you are right. These activities should be avoided and I want to add one. People shouldn’t get panic and sell their coins when the price is going down. On that time every holder should hold the coin to make the price stable. 

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[Twinscoin2017]

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.

Yes we don't need to get panic. I believe that panic selling is really the most worst thing that a holder can do. It really give us lose and maybe we Can't gain a huge profit when the price rise and we can't hold our coins in a long term. That is why patience in crypto is really the most important thing if we don't have patience in crypto maybe we can lose a lot of profit. Because if we don't have patience here we can easily do some negative ways to have profit which lead us to a huge lose.

[Reid]

The third one is a must.
That became my hobby before. Looking at the price over and over again even if it will change for just 10-20 usd.

It became a disease. Looking at different rates which I really should not care. I am not a seller so I wont do it.

A problem that is hard to stop but can be done. This happens mostly to newbies. They want instant money in their face and are getting worried with just a little fluctuation.
That should not happen.

[BitCoinGuy10]

i am agree with you. i think its depend on the person holding the BTC. bitcoin will turn around and increase its price. I still believe bitcoin can reach $ 9000 by the end of this year.

[btcmaster999]

you are right but bitcoin will turn around immediately and increase its price. I still believe bitcoin can reach $ 10000 by the end of this year.

[cryptocamacho4785]

you well said but bitcoin more promising. its price grow up very soon. it difficult to prediction but i guess that bitcoin can reach $ 10000 by the end of this year.

[Zebulun18]

A great many people are simply shorting the market since they feel this is the best way to profit, yes it's valid in a bear crappy market all the shorters are profiting, while the holders are enduring, yet I think in the event that you are day exchanging, you have to endeavor to save your capital and attempt to make a benefit, however yes when there is a dump like now, you pause, you don't offer when every other person has officially fastened, you sit tight for the following leg up and afterward dump into tie before every other person does lol

[coinages]

thanks for sharing such an important post for the newcomers who are new to invest in bitcoin. holding bitcoin is important thing when edeal with bitcoin.

[ghosong]

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 "

Your statement above is very good, and that is absolutely true, this is also what I always do when my crypto daily trading experiences a loss. but now I have learned and tried not to do the same thing repeatedly.

[TechnoX_X]

Maybe you have the truth too. But most people are so panicked when they see the price of Bitcoin is low. They panic because they don't get profit from being afraid to risk huge losses, so they immediately sell their Bitcoin without seeing circulation. Usually those who do that are people who are new to the world of cryptocurrency. If you see low prices don't try occasionally to sell them. If you can, benefit from the opportunity to invest more for your future.

[gabbie2010]

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..

How will you know that the price will no longer fall further down? There are instances where the price kept dropping while buying dip and still goes down creating a draw down to the account I think this is the area where a full knowledge in technical analysis is required and I am not  buying the idea of just buying blindly when the price fall dip.

[Horraygram]

we should consider bitcoin as a long time investment. if we can consider this i don't any price fall down is not matter. you will just look for when the price reaches on your target.

[sormin]

Whatever the reason, make sure you don't sell it at a low price. Because that will make you very losers. Learn to be a true HOLDER, always make decisions well and precisely. smart is smart to read the situation

[carlisle1]

These are good points to realized how fool we are doing this things when investing,but what i love more is the third part that says do not stare at chart whole day,i have ths experience and trust me this will only bring you into wrong decisions specially when you see that prices drops and grow

[PureDefender]

that's very important for the newbies. when the price down they start to create panic that is the main problem. firstly they have to earn faith on bitcoin then make a tendency about holding bitcoin.

[NervousWolf]

Yes, it seems to me that when the price of Bitcoin decreases nobody sell it. Because you have to start from the end. If you can buy the Bitcoin at a lower price, then you can sell that Bitcoin later on at a higher price.

[scribble2]

That will be the best thing to buy Bitcoin when the price of Bitcoin decreases. Because if you sell at a lower price then you will be harmed. And if you buy it at a lower price, then by holding that bitcoin you can gain the next level.

[ajuelnah akun]

don't linger in front of your computer, even though you see it all day the price will not change.

we wait until the end of 2018, whether the change will really occur or not.

[Billgates710]

Of course, it will be the best decision if you can buy Bitcoin at a lower price, then your profit will be higher. So you buy Bitcoin at low price and hold it for price rise. Because it will give you more profits in the future.

[blackandwhite89]

I will not say not to see the market cap sequel but would suggest that you always be cautious about it but before you invest, choose the right point where you will not get a quick high or a drastically dumping, research before you invest.