Bitcoin9920 (OP)
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August 11, 2021, 04:10:29 PM |
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When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why. Please tell us how you handle market conditions and feelings.
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mk4
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August 11, 2021, 04:21:27 PM |
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You either just suck it all up, or just do it again and again until you pretty much become numb to it. I personally lost a good amount trades in 2017 and held through the bitcoin 20k to 3k crash that I'm pretty much quite unaffected when I lose trades or make bad investments now.
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Curated Crypto Airdrop Database
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jackg
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https://bit.ly/387FXHi lightning theory
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August 11, 2021, 04:24:12 PM |
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I just ignore stuff when it goes downhill, especially if you can find a reason for it.
If it's dramatic, find something to watch for a few hours or enter trades you can forget about - I normally forget about a lot of mine anyway if stop losses are set or it seems quite we well run project (although that's normally shares I trade long term so they have a lower chance of dropping far)...
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herurist
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August 11, 2021, 04:40:39 PM |
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I remember when I was chatting with my friends about crypto and including to TA, and I was reminded of one thing by my friend who said "Experienced traders will generally always survive from bearish to bearish, and generally can take advantage of bearish momentum to gain large amounts of profit. As for season traders, their career as a trader is born in bullish times and will die when bears come" interestingly, after I saw and compared and measured skillfully in analyzing between experienced traders and seasonal/beginner traders I could not distinguish a significant difference between the two and almost the same in analyzing. then what is the difference? it turned out that after I looked further it turned out that there was a real difference, namely in the skill to wait. Because to be able to profit tens or even hundreds of percent in the coins we buy, all we need is to wait from a bearish trend to a bullish trend. Everything needs to wait, in trading the time we spend waiting I think is far more than the time we spend buying, selling or analyzing. but ironically most traders are not aware of this and think this is trivial even though if observed this will make significant changes
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Poker Player
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August 11, 2021, 05:14:53 PM |
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I do the same with Bitcoin as I do with the stock market, I invest for the long term. Once I am convinced that what I am buying is top quality, I know that there will be short-term fluctuations, but in the long term the price will tend to go up. I try to be emotionally neutral, although sometimes it is difficult. We all like to see the value of our investments go up.
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maju69
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August 11, 2021, 05:25:44 PM |
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Why do you hold too many altcoins that have a risk of collapse than Bitcoin? At least and not too focused on holding a lot of altcoins, and looking at the current price, almost all altcoins have been in a phase where there is no significant movement. The market doesn't need to be fought for, you just need to master the market you hold. You don't have to go that far to dominate the market, if you're not a whale.
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ChrisPop
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August 11, 2021, 05:47:24 PM |
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I think it would be helpful to establish your plan first. Be firm on what you are looking to do. Are you looking to profit from the short-term fluctuations? If yes, what is your strategy? Has it been proven? How are you going to handle trades that go against you? Do you exit the trade or you add more to it (which is a very dangerous thing to do generally speaking)?
On the other hand if you're investing for the long-term you may not want to look on shorter timeframes as that will mess with your mental game.
In summary, what I'm saying is that confusion about your approach to the market aka your strategy might be causing you emotional stress.
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wxa7115
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August 11, 2021, 05:51:26 PM |
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When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why. Please tell us how you handle market conditions and feelings.
You just have to endure it, I know that it doesn't really sound like the solution that you are looking for but quite honestly it is the only solution that exists at all, there is no magic trick that you can perform to help you deal with those emotions, you need to do this by convincing yourself that even if you lose a few trades you took the best possible decision with the information that you had available and as such there is nothing to regret. And this is really important because if you are not able to conquer those feelings eventually you're going to make mistakes that you really regret that will cost you a fortune over the long term.
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aoluain
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August 11, 2021, 06:18:04 PM |
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Like @mk4 I have lost Bitcoin in various trades over the years, I learned some lessons:
- I didnt have the time to dedicate to it properly - I didnt have the knowledge to trade sucessfully
so I stopped trading, now I dont care what the short term market movements do, I have for the most part zoomed out and looked to the long term.
If you are confident that you can trade you gave to brush the losses aside and try again but bear in mind the saying:
If at first you dont succeed, try and try again
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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bL4nkcode
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August 11, 2021, 06:37:06 PM |
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Anyone had experienced in such loss, been there, done that. And that's an unfortunate really, nothing to do but to accept those losses, well not nothing but to try again, wait and gain by buying little by little.
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franky1
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August 11, 2021, 06:39:33 PM |
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alot of peoples TA. is not TECHNICAL ANALYSIS but instead TREND ANAL.
true technical analysis is not about price patterns by looking at the past. its instead working out what value and supports are in the present.
the trend anals. are not predicting a future.. they are instead trying to become mega influencers to create sheep followers to create a repeating trend. .. this is a form of pump and dump initiative.. its not predicting a future. its an attempt to create the future by trying to get others to follow your trend..
yep if a majority of anals are all folowing the same trend. they create the prophecy and fulfil their prophecy. if it doesnt work. well it just means they are not much of an influencer or they followed the wrong influencer.
well heres a secret. most influencers get it wrong. and if one got it right thats just luck of numbers. if 2 people are influencers X say price down Y says price up.. one of them is going to be right
so the sooner you learn your not gaming the system by doing this silly stuff the better. stop being a trend anal and start being a technical analyser
a few steps you can take work out the mining costs of the main trading regions of bitcoin china/iceland uk/us rest of europe japan/germany
realise there is a philosophy of 'should i mine or buy to acquire bitcoin' different regions have different cost/value relationships.
use the mining costs to show which regions break even cost/value is to work out the values where people prefer to mine(to sell) vs buy(to hoard)
then look at the UTXO cost of acquisition. and see how many coins sit at which prices when the utxo was created. then you can build up a nice set of value lines where people think value sits at in comparison to the live price.
then you can work out if a price is near these values. or highly speculated above it..
EG januarys $60k was highly speculative and 2-3x above all good value lines. so it was never going to last. it was always going to correct.
knowing this stuff can actually help you realise if a price is good value or over speculated bubble.
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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adzino
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August 11, 2021, 07:33:07 PM |
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When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why. Please tell us how you handle market conditions and feelings.
You just have to accept your loss and move on. If you didn't make any loss but worried about the crash, then zoom out the charts and you will see that the price has been increasing in the long run. You will also notice how the market dips and then gets back to a new ATH. This will give you some hope when holding your coins. If you see that the price keeps on increasing every time you sell, then you are probably not holding long enough to reach your profit goal. Learn from the mistakes!
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Welsh
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August 11, 2021, 07:43:20 PM |
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When your invested in a technology or movement that isn't the norm, i.e anything that is trying to replace a existing system or at the very least co-exist. You're going to find that it'll be attacked left, right, and center by various media, and organisations that are against it from becoming a thing. Bitcoin is receiving that exact treatment, it doesn't matter if Bitcoin is currently going through a bear or bullish phase, the response will likely be the same. While Bitcoin is doing well in terms of the current price converted into fiat currencies, the media will call it a bubble, and when it is down, and looking pretty gloomy for a would be investor; the media will say the bubble has burst. We go through this cycle every time there's a dramatic difference in the recent price, and we will continue to do so for the foreseeable future.
These organisations which will show the most resistance will be governments, banks, and anything which find its importance taken away by the decentralised approach of Bitcoin. Their attacks will vary, but sooner or later they either need to embrace it, or outright fight it.
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haidil
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August 11, 2021, 07:48:12 PM |
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You either just suck it all up, or just do it again and again until you pretty much become numb to it. I personally lost a good amount trades in 2017 and held through the bitcoin 20k to 3k crash that I'm pretty much quite unaffected when I lose trades or make bad investments now.
If you hold bitcoins then you don't have to worry about crashes though, and it's proven that now you can get paid for long-term holdings. It's a different story when trading on other altcoins, where you can risk not returning more than the highest price, it will be very difficult to take profits even though you need a long-term grip. That's the risk of altcoins, so learning from experience, I've tried to stay focused on Bitcoin until now. not paying much attention to altcoin price movements.
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Shenzou
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August 11, 2021, 08:09:05 PM |
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When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why. Please tell us how you handle market conditions and feelings.
The more you are ken to the trades and markets you start to ignore what happens with the market and the urges to take decisions based on what is going, so if you are seeing the prices goes down you just look for a reason why it did so but no a reason to sell, the crypto market is a roller costar of emotions and you need to learn how to control them in order to make reasonable decisions that would not lead you to regret.
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glendall
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August 11, 2021, 11:23:48 PM |
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I have also experienced losses, and had time to stay away from the market trying to be indifferent, but if I fell with regret without studying and trying when I would understand, I left the losers and went in looking for coins that were still potential for short-term profits with the aim of covering the initial losses
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dothebeats
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August 11, 2021, 11:41:32 PM |
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I just call it a day and forget about it for a few weeks or so. Having been into this market for quite some time now, I learned that it will always better itself after tripping over a seemingly endless pit. Losses are normal, and you have to accept defeat sometimes. But in the case of crypto, not moving something is sometimes the best move you can do in order to get back up to your feet.
In short, when in doubt, hodl.
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Hydrogen
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August 11, 2021, 11:57:36 PM Last edit: August 12, 2021, 04:47:52 AM by Hydrogen |
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Low points and losing are key components of any game worth playing. Can't have the highs, without the lows.
Researching and identifying which errors were made, is a good feeling. It shows whether the scenario was winnable. Paving the way to avoid similar mistakes in the future. Its hard to feel bad as long as improvement and progress is being made.
Its when the cause of the failure can't be defined. Where learning and progress are not found. That things feel at their worst. As there is no semblance of control or hope for circumstances improving in the future.
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TimeTeller
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August 11, 2021, 11:59:59 PM |
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Low points and losing are key components of any game worth playing. Can't have the highs, without the lows.
Researching and identifying what the errors or mistakes were makes me feel better. They show whether the scenario was winnable and pave the way to how to avoid the same mistakes in the future.
And this is where holding strong coins comes in. Holding top alts is better than low market cap coins. Researching, studying will only be fruitful if you will continue to keep up with the progress of the coins you are invested with. Because we have no idea about their future, but we can get some insights to where they are going if we are keeping tab with their development progress. If you see that the dev team is slowly losing their grip, better discard and sell the coin before you regret it.
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yazher
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August 12, 2021, 12:33:32 AM |
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When my TA fails and the market enters a bear phase, I find it tough to cope with the market. Although I find it difficult to sell or choose to hold, I have found that the majority of the tokens I have do not change when I sell. Changes took place. I honestly have no idea why. Please tell us how you handle market conditions and feelings.
The Crypto market is not always a win because the money is circulating here, someone should take the loss base on his own decisions, and those who get some income has managed to execute their successful plan. That's why people always need to learn from their mistakes to avoid future losses. If the market is steady, you won't get anything from it or lose anything.
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