Newbies: Don't panic and learn to hold

[Oasisman]

If you can still live without touching your crypto assets during these tough times, then all you need to do is just hold them strong and avoid getting the negative sentiment of the market get through your emotion. These market cycles are normal and is the perfect time to earn some huge gains for the next bull run if you can still accumulate bitcoin and altcoins. Just don't go all-in if you plan to buy some cryptos now as the market sentiment is not clear yet. Many are speculating that we could go lower than $20k at this point.

Well, I'm pretty sure majority can still LIVE without touching your crypto portfolio. Basically, putting your money in crypto while you constantly touching it for your necessities and needs , then I guess that doesn't make any sense as you are decreasing your portfolio and then probably will have a hard time putting them back especially when the price is high.

When, Btc falls further below $20k I'd probably panic, PANIC BUYING Cheap BTC lol.

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[raidarksword]

HODL will always be the answer during these hard times and importantly for newbies that just started their crypto journey. This will always be the reminder that crypto is very volatile, anything can go from zero or vice versa.  We have been in these situations and the market will recover soon. We just have put lot of patience and trust on bitcoin because we may hit rock bottom and no else where to go but UP!

[Pesona1]

HODL will always be the answer during these hard times and importantly for newbies that just started their crypto journey. This will always be the reminder that crypto is very volatile, anything can go from zero or vice versa.  We have been in these situations and the market will recover soon. We just have put lot of patience and trust on bitcoin because we may hit rock bottom and no else where to go but UP!

we should learn from the experience that has existed so far, we know that bitcoin has strong fundamentals and it can be said that the current decline is not something that lasts forever and when bitcoin has reached its lowest decline usually bitcoin will rise again, so far many traders beginners who regret their panic by selling cheap prices and of course we can learn to dare to make decisions to buy at low prices and hold for the long term.

[davis196]

Only Gamblers hold until they lose it all.
That is the one screaming hodl, no matter if the price is at an ATH or ATL.
While they cry 1 btc=1btc, well 1 turd=1 turd , and no one give a shit.    Cool

Let me remind you something.
Bitcoin isn't crashing because it's shit or a scam. Bitcoin is crashing because the global situation is shit: high inflation, interest rate hikes, upcoming recession, war in Ukraine, food and fuels going up, supply chains getting disrupted. Bitcoin can't be blamed for any of the above.
There's nothing wrong with the Bitcoin Core blockchain. There's no internal problem inside Bitcoin Core. The problem is outside Bitcoin Core and outside the blockchain.
Of course, many centralized crypto scams are about to crash: Luna crashed, Celsius will crash, others will follow, but this isn't something bad for Bitcoin Core and the blockchain.
It's easy to shit over crypto, when the markets are crashing. Where were you hiding last year, when the price hit a new ATH?

[jossiel]

HODL will always be the answer during these hard times and importantly for newbies that just started their crypto journey. This will always be the reminder that crypto is very volatile, anything can go from zero or vice versa.  We have been in these situations and the market will recover soon. We just have put lot of patience and trust on bitcoin because we may hit rock bottom and no else where to go but UP!

Those new comers that have experienced the bear market already are in advantage. Because this will not be the last time that this bear market will exist.

In the future, when they've got several experiences about all the market changes and behaviors, when it comes again then it will be an easy thing to adopt for them.

Just like us, they'll feel that it's going to be just as nothing as what we see today because we've been there and it's pretty normal to have it. So, in the end they'll just chill and get used to it.

[Victorik]

Yea..you are right. There's no need to panic.
if you are holding BTC and you are been tempted to sell because the price keeps going down, resist that urge. This is the wrongest time to sell your valuable asset.
Don't sell now due to panic, you may regret it. Just HODL.

[breathlessz]

HODL will always be the answer during these hard times and importantly for newbies that just started their crypto journey. This will always be the reminder that crypto is very volatile, anything can go from zero or vice versa.  We have been in these situations and the market will recover soon. We just have put lot of patience and trust on bitcoin because we may hit rock bottom and no else where to go but UP!

Those new comers that have experienced the bear market already are in advantage. Because this will not be the last time that this bear market will exist.

In the future, when they've got several experiences about all the market changes and behaviors, when it comes again then it will be an easy thing to adopt for them.

Just like us, they'll feel that it's going to be just as nothing as what we see today because we've been there and it's pretty normal to have it. So, in the end they'll just chill and get used to it.

For those who already understand the behavior of the market, I think it will be different to respond to a bear market as it is today with those who are new to bitcoin. we can say don't panic, but for beginners, I think they will feel worried because the value of assets continues to decline, and this is human, and with continuous learning, over time it will form by itself psychologically stable, because they already have previous experience

[TheUltraElite]

If the past history of bitcoin is anything to go by, then it's only wise to hodl for the long term while investing with money you can afford to lose that won't affect your daily expenses. DCA-ing your investment is a nice way to get the best out of this bear market by buying bitcoin bit-by-bit at different strategic price.

Waiting it out also helps, some newbies cant stop panicking when the market is in downtrend, so it is difficult for them to stay put. Since the price inched towards 21k from 22k USD, the selling pressure is still continuing and might reach 20k as well. If it crosses beyond that, it would be the next chance to buy if you have liquid cash at hand.

The bad thing is that a prolonged bear market will lead to many traders empty of cash to spend. At this time, just wait it out and dont try to acquire money any more by debt which is a vicious cycle.

Very soon the cycle reverses and it is just a matter of who manages to hold out for long.

[tjtonmoy]

One thing I have learned from crypto buy sale is that, invest what you are willing to lose. Don't invest what you can't lose. If you see a DIP, Buy and forget about that for 2/3 years. Come back after that, and you will see the changes. Newbies will sell at bear market and watch those videos on how to make money overnight. They will get panicked at those random predictions and sell again. In the end, it's a mess.
They will learn from their mistakes, just as I did.

[Minecache]

Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.

That's right. They are no different from us, all predictions are made with no guarantee that it will be correct. The money is yours, just decide to invest it yourself, don't give your money to others to spend.

Agree that we are going through difficult times, difficult times like these we have to stay calm and not panic if we don't want to lose money. Bitcoins are a long term investment, so don't sell them without any profit. Be patient and wait for the bull season, it will come soon.

[Rockstarguy]

At this point the level bitcoin has gone dip  it is not a good move for anyone to sell his/her bitcoin for fear and go loss, not just only for beginners.  We all know that bitcoin is all about patience to wait for volatility that will bring profit to take place,  this is a time to exercise patience in bitcoin that we have always been talking about.

 I always say if there can be a dip like these, there can also  be a bull that will  bring a better profit.  Thus is not time to panic,  what  are experiencing in the market is nothing but the nature of bitcoin.

[DeathAngel]

Newbies have to earn their stripes & that only really comes after they experience their first full bear market. We’ve all been through it & it sucks, especially when you have a large % of your net worth in bitcoin. What doesn’t kill you makes you stronger though. They will all be better prepared next time if they have the balls to HODL through the next 18 months - 2 years.

[goldkingcoiner]

Newbies, do not despair if you lose money trading instead of hodling. Those who trade will understand how much better it is to hodl, in time. But until then trading might seem like a very alluring and lucrative way to earn more coin. Buy low sell high, right?

The problem is reality. And reality says that new traders will almost definitely lose money until they become pros. And even after many years of trading and losing money, you will stay make tiny marginal profits.


Better to hodl.

[Gyfts]

Unfortunately a lot of the panic selling you're seeing now aren't just newbies, they're middle income folks that need liquidity because all markets are down. They don't have a choice but to sell. If they're using Bitcoin as an investment, they should not have been investing more than they could afford to lose in the first place. I'm confident the price will recover, but for those needed liquidity, they're out. They don't have a choice to hold.

[ninis45]

not all beginners make sales because they panic with prices that continue to fall but most of their mistakes are buying altcoins or memecoins that are not right so that they are dragging  in the wrong algorithm and tend to be worthless to anticipate losses that are too deep in making them sell them
and this is even felt and done by old players

[Vaculin]

My idea is a Bitcoin holder does not need to panic if they had an investment plan when getting in.

What pushes one to panic sell or cut their losses is when they invested more that they can afford to lose and with the current drop they saw their savings getting wiped out on the charts.
Buying smartly means that one invests spare money and at a controlled period of time; if the market dips, it does not affect you much as you have enough to foot your daily expenses. You basically sell when you want.

Those who fomo in at the top and end up selling off 4 months later already made mistakes from the beginning and no doubt would still have to sell as they need the money.

That is why newbies should never enter the market if they are not financially prepared because if they do, its like a suicidal. Most particularly if they always invest on their hard earned money, i think that alone is very risky. So if they make decisions to enter the market and invest, rest assured that they won't expect for quick profits as that won't never happen. If they have good financial management and have separate their savings from their investment funds, then they will never resort into panicking and stay hodling when the market becomes unstable.

[Kasabus]

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.

Take look on these so called expert who predict Bitcoin price:
1. The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet
2. Renowned analyst who predicted Bitcoin price top at $69,000, now claims the bottom is at $24,000
3. Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level
4. Crypto is dead. Long live crypto
5. Long-Time Bitcoin Bear Offers $1,000 To Every Retweeter If His Prediction Of BTC Hitting $10K In 2022 Goes Wrong

Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.


Did I scared after looking this chart? No, because if you look at the history, you will see Bitcoin have been survive 3 times about the dump/crash.


The first is on 2017 and 2018, where the peak is $19K and the bottom is $3K (84% change)
The second is on 2019 and 2020, where the peak is $11K and the bottom is $5K (54% change)
The third is on 2021, where the peak is $60K and the bottom is $30K (50% change)

Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it.

If you still keep thinking Bitcoin will dead, do you forget all the adoption from any institutional, government, and foremost the countries who accept it as a legal tender. Not to mention Bitcoin already improve a lot of the development e.g. Lightning network to solve the scalability issues, using for friendly energy for mining, hash rate & difficulty increase to prevent from 51% attack etc. Bitcoin right now is more scarcer since it's already mined 19Million Bitcoin, only 2Million left. We're already close Bitcoin will be accepted in entire countries due to it's value and become a currency since the price will be more steady. This is the reason why I AM HODLING.

Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin.

There are a lot of crypto influencers in the market that boast around and lure the minds of newbies. If you fall for them, that will be your loss and a profit for them. That is why newbies should always come to the market knowledgeable enough and have good skills on investing because that will be their edge not to lose from their investments because they end up in panic and have no patience to hold for long term as crypto are not for quick and easy profits but more on for long term investments.

[Finestream]

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.

Take look on these so called expert who predict Bitcoin price:
1. The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet
2. Renowned analyst who predicted Bitcoin price top at $69,000, now claims the bottom is at $24,000
3. Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level
4. Crypto is dead. Long live crypto
5. Long-Time Bitcoin Bear Offers $1,000 To Every Retweeter If His Prediction Of BTC Hitting $10K In 2022 Goes Wrong

Don't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.


Did I scared after looking this chart? No, because if you look at the history, you will see Bitcoin have been survive 3 times about the dump/crash.


The first is on 2017 and 2018, where the peak is $19K and the bottom is $3K (84% change)
The second is on 2019 and 2020, where the peak is $11K and the bottom is $5K (54% change)
The third is on 2021, where the peak is $60K and the bottom is $30K (50% change)

Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it.

If you still keep thinking Bitcoin will dead, do you forget all the adoption from any institutional, government, and foremost the countries who accept it as a legal tender. Not to mention Bitcoin already improve a lot of the development e.g. Lightning network to solve the scalability issues, using for friendly energy for mining, hash rate & difficulty increase to prevent from 51% attack etc. Bitcoin right now is more scarcer since it's already mined 19Million Bitcoin, only 2Million left. We're already close Bitcoin will be accepted in entire countries due to it's value and become a currency since the price will be more steady. This is the reason why I AM HODLING.

Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin.

To avoid get rekt in the market later on, newbies should never create decisions that will make them regret later on. If they come to the market undecided, then they should never invest right then but start with gaining lots of knowledge so they will never be mislead in their decision making. And they should always have long term investment plan once they enter the market because crypto is not a get rich quick scheme but rather to make profits, one should endure patience and persistency first, and of course the knowledge and strategies to attract profits more than losses.

[Lubcub62]

I myself am still very difficult to eliminate or suppress panic. Even though I've been trading crypto for quite a while, sometimes patience and greed and panic always appear and overwhelm me.
However, the panic started when I used to trust influencers who provoked hype more and I was consumed by the hype and bought at the top. then when the price drops drastically. panic is unavoidable.

but here I prefer to analyze myself and collect news that can be trusted so that I can determine the entry and exit with a little accuracy. so sometimes I exit the trade when I see signs of a decline. so when the price goes down I don't panic. because I was already out before the mass panic came. confident and Dyor.

[worle1bm]

The reason behind this panic is they feel bitcoin is get rich quick scheme and invest their savings into it in hope of getting fast profits but on the contrary when it start falling they can't analyse the market that it's normal and it will grow in the long and panic sell off during these times.So they eventually loose at this time but main is to control your emotions and invest what you afford to loose in the market.