Newbies: Don't panic and learn to hold

[boris singer]

That's a good thing because that's why it has to be sold, especially when it's a loss. while selling in a panic and reasoning not to increase losses is a pretty naive thing to do and you're doing the right thing by doing nothing and holding on.
As you said now is the time to hold and increase your portfolio if there are still spare funds so that when the Bulls come you don't regret this.

After seeing the ATH, how foolish someone if they still have to choose to sell their BTC. They're just weak-hands who can't hold with a small patience. This market is not for them if that's how they think about the market and it's not actually for newbies. So if you are in this market for a long time you should know what to do in this kind of situation.

Always HODL if there's a correction/dip and do some DCA since that would be the only thing you can do in this market situation. Please understand that there's right time for bullish trend and bear trend and this time it's bear trend already. So HODL!

But things like this often happen because of a lack of patience and many beginners who do this.
This is natural because it can be said that these beginners go through a fairly important stage, actually because before they go directly to investment, it is better if they study all the possibilities that will happen and what risks they have to accept when something like this happens.
But in reality they pass this stage and immediately jump into buying so that indeed when a bearish trend like this occurs, it is natural for them to panic.

[1714772360]

1714772360

[1714772360]

1714772360

[1714772360]

1714772360

[1714772360]

1714772360

[Slow death]

who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal

[ninis45]

who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal

yes .... this is normal and human but basically selling it when it goes down whether it's because of panic or with an assumption and strategy sometimes leads to luck if the next price trend continues to fall and if it's the other way around then this is called bad luck. holders have their own beliefs and assumptions how to deal with the market and their choice is the best according to each of them

[dezoel]

You should not only address  Newbies because even Old timers sometimes forgot this behavior and become panicking after each dumping market , Look how the market move is this sounds like total newbies actions?

the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder

try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.

It might be true than an old timer can experience to panic sometimes but it's just temporary as they then realize that they are not a newbie anymore to act things that only newbies are supposed to be doing like panic selling instead of panic buying.

There are some that sells intentionally but the main reason why they did that is because they want to use the profit that they get to buy more btc's at a much cheaper cost. That is not bad either but long as they aren't selling at a loss as I think that doesn't make sense anymore but If that is the case then better if they will just hodl their existing coins and only use the money from their own pocket or from other sources.

[theCommittalist]

Although a newbie to these forums I have spent a few years involving myself with the ups & downs of the Bitcoin story. And what folks young & old have to understand is that its main value is as a form of currency. You may be investing in it as an asset like someone buying the fiat of a nation in recession when its capital is devalued, hoping to resell for a profit after an expected economic revival, but it is still its ability to function as a private & instant currency bypassing prying eyes & grabbing hands that makes it valuable in general.

So then you have to have a think about what a currency is. How revolutionary & game-changing the first forms of minted cash must have been, how many were sceptical, how many refused to participate assuming it was some sort of a scam, how many wars were fought over it. By now, we take it for granted that lots of people do horrible & wonderful things every day in the name of money, but once upon a time it was a concept token.

And now we are witnessing, over the last decade, the emergence of a new currency. A world currency, if you like. Internet money. It is decentralised so no single state or actor has authority over it & many are really frustrated with this.

Through this we can all learn the patience of a wise investor, & only invest in things we can be genuinely interested by

#HODL
(Hold On for Dear Life)

[Hamphser]

You should not only address  Newbies because even Old timers sometimes forgot this behavior and become panicking after each dumping market , Look how the market move is this sounds like total newbies actions?

the market will not fall this bad if newbie will dump because what they are contributing in our crypto market is just small part compared to old timer and holder

try to keep your coins as long as you believe there is a coming increase but when dumping is in our doorsteps? then best to sell first and consider buying in the following months or year.

It might be true than an old timer can experience to panic sometimes but it's just temporary as they then realize that they are not a newbie anymore to act things that only newbies are supposed to be doing like panic selling instead of panic buying.

There are some that sells intentionally but the main reason why they did that is because they want to use the profit that they get to buy more btc's at a much cheaper cost. That is not bad either but long as they aren't selling at a loss as I think that doesn't make sense anymore but If that is the case then better if they will just hodl their existing coins and only use the money from their own pocket or from other sources.

You could really obviously tell the difference in between noob and professional/experienced ones.Emotions is something that is really hard to be controlled when you are on a certain condition which its not surprising.

Panic is something that cant really be avoided because we dont like to lose money which is normal and the difference mainly on how people would react whenever they do see a declining market.
For noobs then usually they do panic sell or simply following others been suggesting and it would really be depending on someones preference and control or decisions.

Hold is considerable or the most common option but there are ones who do love to play with the movement of prices.

[m2017]

who in the world wouldn't be panicking knowing that they bought an asset for the price of $50,000 and every day the asset is falling, and it drops to $17,000? who wouldn't really be panicking in that situation knowing that in the past the same asset has dropped from $20,000 to $3000? It's normal to be afraid, it's normal for people to sell to reduce losses, people when they invest money in bitcoin they are hopeful that the price will increase a lot and when they are only seeing a fall in the price they lose hope and this is normal

But we are only human after all and are affected by our emotions, whether it is the fear of losing money and panic at the sight of a fall in the crypto market. In general, I understand what you said and agree with it, but I want to add something from myself. As for money, investments and crypto, emotions have a very bad effect on this. I would say that it is even extremely contraindicated to interact with any finances under the influence of emotions, especially panic and fear. As a rule, this only leads to aggravation of their situation and material losses. Therefore, when investing in bitcoin, you need to keep your emotions under control, no matter how not easy it is during falls like now, but without it it is almost impossible to invest in bitcoin. Nerves of steel decide in this area.

[Ebede]

Newbies learn only how to sell bitcoin and get money but some many of them don't learn how to hold for long term and make money. Why some of them don't hold coin it because they are interested to make much money and also feel holding a coin now means it will be a part of them  losing their coin

[Fredomago]

I myself became more focused on DCA. Because I don't want to regret like when bitcoin hit ATH. and at that time I was very sorry for not having many. so I feel when the price of bitcoin drops then this can be used as an opportunity to accumulate bitcoin little by little.
i also invest in gold and i am now pausing to enter shitcoin because after all when the market situation is like now then the opportunity to take profit from shitcoin trading is very difficult. although i still trade daily but i only trade in bitcoin for now. current price fluctuations are also very good for scalpers. so I trade daily and profit from day trading I always set aside a little to increase my capital for DCA for long term. In this way, my mental and psychology are not disturbed by any kind of market situation. Of course, everyone has their own way of dealing with the current market situation.

Indeed, everyone has their own way of taking the opportunities into the investment they choose to use, if you think the market will bounce back, it's better to buy Bitcoin and other solid crypto that have a proven usage and already been test by time, it takes longer time frame and huge amount of patience since the market is really unpredictable and if you are not ready better to avoid it first.

But if you already set your plan and you are convinced that the market for your coin will comeback,

it's  a best timing to place your entry and wait for the harvest benefits.

[ReiMomo]

Its indeed a needed topic though at this situation for all newbies who are new to trades. Yes panic sells causes even more depth. I too have my own experience loosing money selling when the market was in such situation. I later learnt to hold instead of selling at lose. Yes, never worry of value falling down as this is the nature of crypto. For certain, the market will boom back in very near future and yes best advice is to hold what you have. You will not be in lose. Hold your coin much tighter and relax watching the current move.

[Ebede]

The time seems quite tough to keep patience and believe in bitcoin but that’s probably the right thing to do at the moment. If you look at bitcoin’s history, it has proved its worth over and over again. Keep your bitcoins safe and let them do the magic for you.

Bitcoin reduction is what actually and what normally happen in cryptocurrency world. What are even expecting to say is that this is the right time of anybody who want to buy cryptocurrency to buy because since it is started falling in the right position to buy it and behold until when it will increase so that the profit can be making with those people that is holding it.

[0verseer]

For me, the best option at the initial stages of work was the demo account of the Amarkets broker. It seems to me that in terms of work, this is now an extremely convenient and reliable option for a beginner.

Demo accounts can't give you the true experience of holding a coin when its price falls down, pushing you into panic mode. This is because you know it was your real money, and feel way more pressure than the demo account.

[Penelope Wheeler]

It’s important for traders to keep believing in the power of bitcoin. It might be underperforming at the moment but it doesn’t mean that it will be the same in the coming time too. It’s time to keep patience and wait for it to get back to its normal highs.

[kotajikikox]

this will only matter about how newbie being told of crypto and how they are being lured to invest here.

Some of them are being Mentored so they are safer than many newbies that only chooses earning short term than those who knew how to keep long term.

Some of them are those who learn by their own and see that this is a mining of money so their intention is to become rich earlier.

those are the thing to consider on how this advise will be managed and followed .

[AakZaki]

Its indeed a needed topic though at this situation for all newbies who are new to trades. Yes panic sells causes even more depth. I too have my own experience loosing money selling when the market was in such situation. I later learnt to hold instead of selling at lose. Yes, never worry of value falling down as this is the nature of crypto. For certain, the market will boom back in very near future and yes best advice is to hold what you have. You will not be in lose. Hold your coin much tighter and relax watching the current move.

The pressure to sell assets when the market is crashing will certainly disturb psychology. This is because at first we did not have a strategy to do holding, but when the market continues to fall and the value of our assets continues to decline, like it or not, we have to hold. If you still have reserve funds it can still save, but if the money has entered 100% into crypto assets, it's just a matter of waiting. Panic will definitely happen, but if you sell at low prices, you will lose. This will be a dilemmatic situation, but it will be a valuable experience to get used to when the market crashes.

[kamvreto]

this will only matter about how newbie being told of crypto and how they are being lured to invest here.

Some of them are being Mentored so they are safer than many newbies that only chooses earning short term than those who knew how to keep long term.

Some of them are those who learn by their own and see that this is a mining of money so their intention is to become rich earlier.

those are the thing to consider on how this advise will be managed and followed .

and in essence, basic guidance on how to make the right investment is needed by beginners. It is not easy to hold on long term if we are not prepared. some just end up cutting their own losses due to some psychological pressure.
I believe after the rain there will be a rainbow, as well as after a bear market there will be a bullish market.

[Smack That Ace]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

If you look at the number of bitcoins you hold, you still haven't lost money if you didn't sell them. I don't think you made a mistake here, we don't know whether the market will go up or down tomorrow so DCA is the right thing to do so we don't have to regret it later. Just don't sell when the market is down and be determined to hold until the market goes up and you will be the winner.

[Crypto_Dotar]

What does it take to work on Bitcoin ??


Ans: Twitter, Telegram, Facebook, Medium, Discord, Linkedin, Instagram, Tik tok,Youtube.

[stomachgrowls]

Despite that it dipped to $17k last time, I didn't sell my Bitcoin where I have done some DCA already since May 2022. I am at a loss unfortunately but it doesn't stop me from my long-term goals in building wealth with Bitcoin. I don't mind how long will I be waiting for the bull run and recovery to commence, it's just that I don't want to make the same mistake as before in missing out Bitcoin while it was still cheap. For me, now's a good time despite that there's no perfect time to buy and hold.

If you look at the number of bitcoins you hold, you still haven't lost money if you didn't sell them. I don't think you made a mistake here, we don't know whether the market will go up or down tomorrow so DCA is the right thing to do so we don't have to regret it later. Just don't sell when the market is down and be determined to hold until the market goes up and you will be the winner.

People should realize this thing first on which they wont really be losing nothing if they wont really materialized or would really click out that sell button.Its true that it cant really be avoided on not to make

out some reaction when we do see our portfolio or investment is really going to the floor thats why its better to make yourself emotional stable and have that good control.

Holding would be always the best option if we are on a declining market and if your budget or funds permits you then allocating cheaper coins would really be that ideal.

[suzanne5223]

this will only matter about how newbie being told of crypto and how they are being lured to invest here.

Maybe but it is only a matter of individuals knowledge and belief in the Bitcoin potential because newbies are not the only ones who panic and sell when the market is bearish. This will always happen when most investors are only after profit making through BTC and not the beauty of the technology and the vision of Satoshi.

Some of them are those who learn by their own and see that this is a mining of money so their intention is to become rich earlier.

If they learn how on their own it will be better because there are a lot of posts on this forum that can safeguard newbies but they always choose not to learn because their belief is that crypto is just buying low and selling high schemes.