Three things you should not do when Bitcoin prices drop!

[Anies_Sandi]

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 "

from what you convey is very useful for investors who have less confidence in investing, before investing maybe before we can know with all the risks that we will get in investing because with the conditions and circumstances as it is now is the confidence and patience of the main capital in investing

[tungaqhd]

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.

The most important thing is do not panic sell your coin when bitcoin price drop. We should hold our coins until the market look better.

[blocklancer8]

The main key is not to panic in seeing the market situation that continues to move either the price goes up or the price goes down. When the price goes down I will buy by not putting everything I have and then I will see another coin which I think will be good later. No need to quickly let go of what we have, watching and patiently will make a profit in the short term that we want or long term.

[memecoin]

I think three things could be:
1. Do not be afraid or think too much.
2. Do not sell bitcoin that you are holding. This is not the best thing to do/
3. Do not do anything, please wait for the bitcoin to rise...

[Chicksteen]

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.

The most important thing is do not panic sell your coin when bitcoin price drop. We should hold our coins until the market look better.

I agree. Be patient is the most thing to remember because if you get panic you might lose everything. It makes you bored for watching the chart whole day and make you stressful. You have to so other thing and make your mind think positive for all down and keep believing that every fall has recovery.

[dmcx]

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 "

Yes, you just have to do some things, like going out, enjoying the food, meeting friends ... less thinking. Because once you have decided you should completely trust the next step do not just add affliction. Take a rest, nurture the next plan.

[Whaletale]

Trusting your strategy for trading is the key and that would help you alot in catching the big fish in the market and never sell when there is still a room for more up , don't panic or fomo what ever coin you see going high and you are not in , let such go cause it might turn other way when you fomo.

[jake zyrus]

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

Right, when you see the market price is falling down don't panic to sell your bitcoin, think first cause if you panic it may lose your capital and profit in your investment. Be calm and patient. Some newbies panic when they see price fall cause they don't have experience yet.

[wow.magic]

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

I agree with you this three things is very helpful to every one it give guides to every investor's, cause when we see the price value goes down sometimes we can't think wisely we got to panic to sell  our assets we cannot wait. But now this advisory is very helpful to every investor's to think first before move cause in a wrong move it may lose your investment.

[bitbunnny]

I think that is very important to have your own strategy. When you have set clear and exact goal it's much more easier to hold on and not to make some fullish moves, like panic selling.
Besides these three things you have mentioned this is to my opinion very important. Also with experience you will set your own rules you will follow and you will not fall so easily under influence that could lead you to bad decisions.

[rachellee]

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.

This is probably one of my biggest mistake which led me to do regrettable moves. I watched the market often before, as often as going to the restroom is my only break, then I got swayed by FUD, fake pumps and dumps, pushing me to buy and sell at exactly the wrong time. Not only did I suffer big trading loss, but also I lost everyday productivity. Here's my advice: If you are not emotionally unstable, which is expected of beginners, resist checking your assets frequently. Consider it as a long-term investment, and continue with your daily life. That's why you shouldn't bet on coins which you aren't sure of to avoid unnecessary stress and irreversible mistakes.

[Captain Sneeze]

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 definitely right , nothing will happen if we just look at the chart all day. It doesnt change the price. As an investor we need to learn how to waut patiently to get or earn the profit we want. We have different strategies on how are we going to manage our coins when prices drop but this strategies may also help us.

[carlisle1]

I think three things could be:
1. Do not be afraid or think too much.
2. Do not sell bitcoin that you are holding. This is not the best thing to do/
3. Do not do anything, please wait for the bitcoin to rise...

Nice answers dude,but you are right because cutting loss in this dip is not an option
Bitcoin is the greatest creation human has made and this future currency will bring fortune to all of us so better hold the coins or sell then leave cryptocurrency,because if you can’t trust the bitcoin then you have no slot in this community

[jeromix]

LOL, this is what I completely been doing all the time. I have hard time catching up the market during downfall and always stared the chart often. I have probably done wrong like to what you said and anyway, thank you for this thread. Very useful and it even sank in to my thoughts on to what I am doing. BTW, is this also base on your experience for writing this one?

[nellakarisma]

if I see the price of bitcoin going down. I try my best. 1. Do not sell the assets that I have.
2. trying to be patient waiting until the price rises again.
3. I am trying to find additional capital to buy bitcoin

[lelylely]

Keep thinking positively that even if the price falls but it won't make crypto die, but it is an opportunity to buy cheaper and will provide benefits later, holding a smart strategy and being patient because in the future it will be stable again.

[Bohxz M4p4gm4h4l25]

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.

Probably, since we have different views and act when certain matter comes within the picture but personally ,I would like to commend not to panic selling since it contributes for the coins to drop and I think we will be bother when it reflects to the current price, and the other one is never ever stop working the more you work the more that you can be able to have a higher possibility for having better amount of profits, it's an actual thing that we became dormant when dropping season comes but remember that what you do today will reflect on what you can have for tomorrow.

[rudox]

Patience is the name of the game as crypto trader or investor. The points raised in the post are good to assist investors that are still a novice in the trade. You do not sell off your coins when you are in red this will bring total loss. The crypto market is speculative and the price reversal can happen any time so holding on will eventually bring profits.

[nuraziaaziz]

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 "

Thank you for this useful information. Basically we have to be flexible and not be to tense when knowing that the price of the Bitcoin has drop.

[trauchot]

It is clear that when bitcoin price falls it is unnecessary to immediately run headlong and sell all of your bitcoins, because it is better to wait for the moment when the market will start to grow again, the most important thing is to have patience and never panic.