Newbies: Don't panic and learn to hold

[BobK71]

The most volatile asset in the world is Bitcoin ‍and another weapon of success here is emotion. In my opinion, no one loses by buying Bitcoin, but many people have lost without controlling their emotions. Most of the time you have to lose when you buy or sell something panicky. It doesn't matter you are new or old in crypto here if you just buy bitcoin in long term thinking by controlling the emotions then of course you will be successful.

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[1715269301]

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[yohananaomi]

I personally hold the coin there is a target which if it hits the target then I will release the coin. I don't hold it for a long time as long as the coin I hold has touched the price as I expected then I will release it.

maybe what you do will have a very good chance compared to the opportunity in terms of time. because determining / pegging coins at a certain price will be easier and can be done repeatedly when the price changes quickly because the trade is very active. I think what you are doing is more realistic and very well received and easy to do.

[Asiska02]

Anyone who owns  a bitcoin will want to keep it and not sell it. Another concern is how long they can endure the market collapse. Their mental health is still being impacted, especially by those who can't manage it. This has a lot to do with emotions in general. The wisest course of action is still to invest as much as you can afford to lose in the hopes that the market will recover and you can later profit from it. Everyone will win when the market recovers if they can all grasp this concept and learn to hold and invest just what they can afford to lose.

[lionheart78]

I think this topic is worth to remind again for many newbies who panic about the current situation where Bitcoin price $30K strong resistance now drop to $24K currently traded. There are many so called expert who always predict Bitcoin price will go to x, the bottom is x etc, also one of them were offer to give his money to everyone if his prediction gone wrong, this strategy is to convince newbies to believe his words.

Not only newbies but the old investors also get panic seeing prices of bitcoin below 20,000$. More panic is being created by crypto related news sites which can more negative news shaking the confidence of the bitcoin holders. In these times, we need someone to keep reminding us that we have to stay strong and threads like this really help us to stay focused and not get involved in panic selling.

I don't think old investors will panic and sell.  If they had witnessed the market cycle of Bitcoin at least once, they had a clear view of what will happen next.  Unless these old investors badly need the money, they won't sell but hold until the Bitcoin market recovers and breaks another series of ATH.  So basically this scenario of BTC price crashing is just an ordinary event for those who witnessed the previous market transitions of Bitcoin (trade history). 

But I agree that this kind of Bitcoin market crash is disturbing to Newbies especially those with weak hands.  They really tend to panic because they had little experience with Bitcoin Market.  To stabilize their emotion, they should do research about the previous trade history of Bitcoin and carefully draw out the pattern.  This might change their belief and might be transitioned from selling to buying more BTC if they have more funds.  The least result might probably hodl until the Bitcoin market recovers.

[theCommittalist]

There is a lot in the news today about how Bitcoin has just experienced its worst quarter in 11 years. I think we should remember though: that quarter followed the best performing year in its entire history. This is a natural cooling-off period, finding a new bottom & plateau. Anyone who does a little research & reflection should realise that BTC chronicles the computerization of currency with the fullness of its potential in mind.

[Quippery]

I also doubt if newbies will be able to handle the pressure of the downward movements of bitcoin on their trading accounts. I know that it’s not easy to keep patience at the moment but there doesn’t seem to be another way of doing it. I am keeping my bitcoin safe and not selling it off any time soon.

[BobK71]

Learning is very important for those who are new to cryptocurrency. Most of the new investors invest in trading without learning proper knowledge. If they take any trade for short term and if it is loss, then they hold it for long term. They don't know what is for long term or short term. If one learns here and starts a trading business, he will be able to understand which one to hold and which one to give up. After all, they should not be panic. The biggest thing is that without proper knowledge, a trader may not be able to survive for long.

[dunfida]

Learning is very important for those who are new to cryptocurrency. Most of the new investors invest in trading without learning proper knowledge. If they take any trade for short term and if it is loss, then they hold it for long term. They don't know what is for long term or short term. If one learns here and starts a trading business, he will be able to understand which one to hold and which one to give up. After all, they should not be panic. The biggest thing is that without proper knowledge, a trader may not be able to survive for long.

Learning could really be gained through experience and we know that all of us do start on being a noob but overtime on gaining actual experience and learnings then we do know on how to handle ourselves on this market.

Wont really be a simple journey but something worth once you do able to have a good grasp on it.This do talk about long time engagement and wont really be able to attain in few weeks or months.
You would able to find out for yourself on whats the reality on market dealing. Holding sound simple but if you are actively seeing or checking the market specially on a dumping state then it cant
really be avoided for you not to make out any reactions or fear thats causes for someone to panic sell.