Everyone is fearfull. Someone said this is time to be greedy

[slaman29]

This trap is going to eat a lot of greedy inexperienced holders;)

It means there is a case to be made for people who just.. never sell? I mean people like me who rarely ever sells rarely ever loses money neither, I do not care if it is 30k and I do not care if it is 60k, I am just waiting until I am rich enough to retire and until that day I will not sell. Which means those "greedy" holders do not end up losing money as long as they do not sell under what they have bought it for and that is the thing that makes this much more fun.

For sure! I know I'm not the only one just hodling for long term almost as a kind of savings. Don't get me wrong, I don't believe all my eggs should be in one basket so I still have regular savings, but I try to also put in as much as I can into Bitcoin (not by buying but just keeping what I earn and selling only what I need).

I am not waiting to be rich, but I want to have something extra to fall back on if life goes bad.

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[Yamifoud]

They become too scared because basically they are not too sure of the potential that bitcoin will achieve after a price correction. I wouldn't say they're cowards because honestly they don't dare to take bigger risks. There are many types of trader in the market and not all of them really believe that after a correction the market price will recover. Bitcoin is a very volatile asset, so only those who are really willing to take big risks will get big profit.

Everyone would be scared when they see their portfolio getting it's value cut in half, it's a matter of how patient you are and how faithful you are that bitcoin prices will go back up again. I think people know that it is volatile but what they don't understand is that you can't make a quick buck out of bitcoin's volatility since it takes along time before the prices can recover.

This gonna be a challenging part of crypto investment where sometimes we face such losses. And if we can't manage to handle the stress and emotions, the more it leads to panic selling. The best option if that be going to happen is to hold. I know that the market will never stay like this, it recovers soon for sure and all our patients could be paid off. Only we need to give some trust and let the market recovers.
And usually, I don't check the market every day as it causes some fears and worries.

[LogitechMouse]

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

A famous quote coming from Warren Buffet and this is true.
When you see that others are panicking, take the opportunity to buy at lower levels and when you see others that are very optimistic then be ready.

Everything in the market is very uncertain and there is a chance that what you are thinking might now happen so the best thing to do is to have a solid plan into whatever situation might happen. If you have sold at the top and then bought when the market did its huge correction then congrats for you. They are saying that being greedy is bad but there are times that it is good  like this. On the other hand, just be ready if the trend doesn't go to your way. I mean when you enter and it goes down even further then you must be ready for it .

[Slow death]

I think anyone who is scared right now is acting a bit irrationally. The price is over $30,000. This is something most people thought would have been impossible not very long ago. I think people need to take a longer view of things and stop concerning themselves with day-to-day movements otherwise there is no possible scenario that you will actually hold your coins long enough to make a life changing profit.

imagine the people who bought bitcoin when the price was $55000 and begin to see the price drop to $30,000, and it is inevitable that fear starts to take hold of these people, because below $30,000 another big price drop would start and the losses would become greater

Maybe, many people making some amateurish decision and when that happens you can try to get bitcoin at huge discount, i personally
trying to find an opportunity to buy when there's this flash dip that deceive amateurs to sell off their crypto posession and I will see it as a great opportunity
after all, if you don't take risk you won't making it big, been there done that i did nothing when i got the opportunity to buy coin at discounted price and regret later

why are you waiting for the opportunity to buy? the price of bitcoin could increase a lot in the future, so why are you undecided? The answer is simple: because you are afraid to buy and then the price will drop a lot and this is no different from the fear that many people who bought at TOP are feeling

see all the riches from investment, for example from the movie "The Big Short", if this guy called michael burry didn't take the risk, will he make that much amount of money?
i know that's just a movie but that movie also holds truth and based on real story.

there are risks that the person must measure, especially when I involve money

[ShowOff]

Everything in the market is very uncertain and there is a chance that what you are thinking might now happen so the best thing to do is to have a solid plan into whatever situation might happen. If you have sold at the top and then bought when the market did its huge correction then congrats for you. They are saying that being greedy is bad but there are times that it is good  like this. On the other hand, just be ready if the trend doesn't go to your way. I mean when you enter and it goes down even further then you must be ready for it .

This is a risk for crypto market participant because price volatility can never be guaranteed to meet expectation. Being prepared for any situation is something that will probably be very difficult for most people because on many occasion we will surely see an unstoppable panic. Maybe those who dare to take risk are those who will be successful in trading when price experience a big correction, but few of us dare to do so without much consideration.

[dothebeats]

For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.

[milewilda]

They become too scared because basically they are not too sure of the potential that bitcoin will achieve after a price correction. I wouldn't say they're cowards because honestly they don't dare to take bigger risks. There are many types of trader in the market and not all of them really believe that after a correction the market price will recover. Bitcoin is a very volatile asset, so only those who are really willing to take big risks will get big profit.

Everyone would be scared when they see their portfolio getting it's value cut in half, it's a matter of how patient you are and how faithful you are that bitcoin prices will go back up again. I think people know that it is volatile but what they don't understand is that you can't make a quick buck out of bitcoin's volatility since it takes along time before the prices can recover.

Noobs would always have this kind of impression where quick bucks all they do see when it comes to cryptocurrency and this kind of mindset cant really be remove on someones mind when you are just new but soon you do realize on what is the real deal when you do get knowledge as time goes by.
Investment decisions will really vary on someones experience and knowledge because we do have different ways on dealing up with crypto.
Fear and Greed are main emotions that can be possibly felt into this market but if you dont know on how to deal with it then you would have a hard time.

[monineklutak]

being greedy means that when the market conditions are bearish and altcoins also experience a decline,
then be greedy to buy at the bottom, of course there are many opportunities to get maximum profit if you can afford to buy on dip and hold,
yes that's a good way to be greedy, don't be greedy if already profit 

[lixer]

Everything in the market is very uncertain and there is a chance that what you are thinking might now happen so the best thing to do is to have a solid plan into whatever situation might happen. If you have sold at the top and then bought when the market did its huge correction then congrats for you. They are saying that being greedy is bad but there are times that it is good  like this. On the other hand, just be ready if the trend doesn't go to your way. I mean when you enter and it goes down even further then you must be ready for it .

This is a risk for crypto market participant because price volatility can never be guaranteed to meet expectation. Being prepared for any situation is something that will probably be very difficult for most people because on many occasion we will surely see an unstoppable panic. Maybe those who dare to take risk are those who will be successful in trading when price experience a big correction, but few of us dare to do so without much consideration.

Unfortunately that is the reason most people who need to be long term holders are not one and that is why they lose money. If you do not know what to do during volatile periods then you should be a long term holder, I do not like to trade during hectic periods like these so I am a good long term holder who made a good amount of profit thanks to just doing nothing at all.

I do not understand why people sell when the price goes down, because that is not helping them neither, it is not something that is profitable, it is not something that we should care, at the end of the day we are talking about something that would be basically a big loss without a return. There are traders who can take advantage of these situations because they are very good at what they do but that's about it, nobody else should be trading if they feel like they are not great and just keep holding their coins.

[Stalker22]

I do not understand why people sell when the price goes down, because that is not helping them neither, it is not something that is profitable, it is not something that we should care, at the end of the day we are talking about something that would be basically a big loss without a return. There are traders who can take advantage of these situations because they are very good at what they do but that's about it, nobody else should be trading if they feel like they are not great and just keep holding their coins.

In the weeks leading up to the drop, the cryptocurrency made headlines as the value of one bitcoin rose to over $60,000 for the first time in history. For a while, it was out-pacing some of the top tech names in Silicon Valley. Some speculated that the price of bitcoin could reach six figures, so they rushed to buy at extremely high prices.

The sudden drop was unsettling for those who are unfamiliar with bitcoin's volatility. For latecomers, it was a completely new experience.

[zanezane]

don't be greedy if already profit  

Wise words, if the profit is good or decent and you have a feeling that it's going to go down, might as well sell it before you regret not selling. This is actually what Warren Buffett said so I think that it is a true thing to do, doing what's opposite of the crowd.

[fancy2973]

There is also blood on the streets, so someone said this is time to buy. Look at the amount of fear. So follow this?

"Someone"

If you don't know who that someone is, I am not entirely sure whether investing is an activity for you at all!
You should better look up who said that and read up on the context he said that in. And by the way, there is also a saying that says never catch a falling knife! Better combine the two statements before making judgments.

[South Park]

They become too scared because basically they are not too sure of the potential that bitcoin will achieve after a price correction. I wouldn't say they're cowards because honestly they don't dare to take bigger risks. There are many types of trader in the market and not all of them really believe that after a correction the market price will recover. Bitcoin is a very volatile asset, so only those who are really willing to take big risks will get big profit.

Everyone would be scared when they see their portfolio getting it's value cut in half, it's a matter of how patient you are and how faithful you are that bitcoin prices will go back up again. I think people know that it is volatile but what they don't understand is that you can't make a quick buck out of bitcoin's volatility since it takes along time before the prices can recover.

You would be right on most markets but we are in the market of cryptocurrencies in which we know this can happen, anyone that is part of this market must know that this is a possibility and that the longer they are here the greater the chances this happens to them, so while I can understand that people get worried about it I do not see how this could have come without them understanding that it will eventually happen to them and prepare for it, and yet that is not what we see, people somehow think they are never going to be part of a correction and then lose everything when they take bad decisions and panic due to the correction.

[dunfida]

For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.

Going all in is never been suggested no matter how experienced you are because when it comes to odds then both pro and noobs could have the same chance of choices but would only differ into how they would enter and exist out on the market. Decisions and analysis made will really be different
but knowing on how deep is that rabbit hole would really be just a similar questions in mind. We should always be mindful on how we do gonna enter in the market without risking too much of your capital and i do agree with that buying with gradual basis on small purchases despite of the unpredictability,

[molsewid]

Everyone would be scared when they see their portfolio getting it's value cut in half, it's a matter of how patient you are and how faithful you are that bitcoin prices will go back up again. I think people know that it is volatile but what they don't understand is that you can't make a quick buck out of bitcoin's volatility since it takes along time before the prices can recover.

it is literally the most scary part to see your portfolio getting it's value cut in half. I've experienced this same kind of situation way back in year 2018. For me this is my most unforgettable experienced that really reminded me how volatile the crypto market is. I have a bitcoin token at my wallet way back then, got to used only a half of my token which I exchanged in fiat and when the huge market dropped of 2018 started I didn't able to rescue my token and the remaining half of my token lost. I didn't mean any negative thought about it, yes I regret but I manage myself to move forward and yes up until now I'd still hodl bitcoin. For me, the virtue of patience is so essential because the crypto market is volatile, you can't tell when it will pump again.

[Lorence.xD]

For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.

If they aren't familiar but at the least knowledgeable, I am pretty sure that they can tread on their own in the market. Familiarity will come next when that person has been on the market long enough. I would say that if you are sure about your decision and you won't regret any of it, then do what you think is right.

[arwin100]

For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.

If they aren't familiar but at the least knowledgeable, I am pretty sure that they can tread on their own in the market. Familiarity will come next when that person has been on the market long enough. I would say that if you are sure about your decision and you won't regret any of it, then do what you think is right.

We don't have sure decision if we want profit in the market but we can get a hint by seeing a big dumps and enter on its possible peak, but this will never give us guarantee since there's a possible more dump coming. The one we need is strong guts to hold since most of the time we can see the result in long term period.

If we aim for short term I'm sure we will be afraid for the shaky market trend that will possibly happen.

[Kelvinid]

Yeah, people will buy if they want to. I know we all have some fear but we don't just let this controls us because if that going to happen, we will no longer reach our goal. And this to say that Bitcoin is not for everyone, if we have some guts and willing to risk, this might be ours but if not, we better step away. Risk-takers win, we can't deny this thing and so many people had tried to invest in Bitcoin but not all of them went succeed, many were fail and lose their money.

We really need to prevent that risk by learning how to do that, and with practice, I am sure we can manage the risk and know how to have less risk.
In this matter, people need to learn more details about bitcoin not to be afraid.
If they think it is hard to manage their emotions to see the fluctuating price, they do not have to invest in bitcoin instead of searching for the other investment type they want.
Risk-takers can win if they can know how to manage the risk and not many people can do that because some people can not calm down with the volatility of the price.

And that was their choice. They will no longer succeed because they are thinking negatively in the first place. If they will never change their mindest there is no sense of investing in here but rather to stop.

I was wrong in saying that Risk-takers win, maybe the majority of them do but not all. Because even though we know that we can do it, still we need not be overconfident, we can't underestimate the market and we have to know that.

[carlfebz2]

For people not really familiar with how the cryptomarket works, it'll be an extremely dangerous advice since they do not know how to gauge the current market and how deep the rabbithole can really go. Perhaps buying in small increments would be better compared to being 'greedy' especially to small-time investors trying crypto for the first time. It's always the better option really for people who don't have much money to just go small and take it easy even if experienced people are saying go ham and go all in.

If they aren't familiar but at the least knowledgeable, I am pretty sure that they can tread on their own in the market. Familiarity will come next when that person has been on the market long enough. I would say that if you are sure about your decision and you won't regret any of it, then do what you think is right.

We don't have sure decision if we want profit in the market but we can get a hint by seeing a big dumps and enter on its possible peak, but this will never give us guarantee since there's a possible more dump coming. The one we need is strong guts to hold since most of the time we can see the result in long term period.

If we aim for short term I'm sure we will be afraid for the shaky market trend that will possibly happen.

But there are really people who do really like to dance with the risk of this moving market and tend to go short term rather than on long term holding.

Its up to someones preference which one they would choose because not all would really be having the same mindset on how they should deal with the market.

Nothing is guaranteed when we do talk about peak price or bottom price because market could go further than that this is why its really important to have back up plans whenever your initial set-up had failed where you can always have an option on certain circumstances.

[onecall123]

~

We don't have sure decision if we want profit in the market but we can get a hint by seeing a big dumps and enter on its possible peak, but this will never give us guarantee since there's a possible more dump coming. The one we need is strong guts to hold since most of the time we can see the result in long term period.

If we aim for short term I'm sure we will be afraid for the shaky market trend that will possibly happen.

But there are really people who do really like to dance with the risk of this moving market and tend to go short term rather than on long term holding.

Its up to someones preference which one they would choose because not all would really be having the same mindset on how they should deal with the market.

Nothing is guaranteed when we do talk about peak price or bottom price because market could go further than that this is why its really important to have back up plans whenever your initial set-up had failed where you can always have an option on certain circumstances.

Suppose you're good to make money either way market up or down then it's obvious you damn care about the market condition. Not every person has same expectation, there few choose short tern rather than on long term holding. Still i'm searching the best strategy, nothing is expected in this market and this is a major issue. I'm holding up because i'm certain market will recover, anyway back up plans need in the long run.