Newbies: Don't panic and learn to hold

[Sanitough]

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.

How would newbies still able to manage if bitcoin price even drops into $10k below? I guess they will probably think that crypto is certainly over and that there's no way it will recover. Then they will panic more, much more than we thought. And this is all because they enter the market without good preparation and good understanding on the market as well. They never realize that bitcoin is a long term investment and that price fluctuations should not bother them personally as they would not also be selling in times of losses. Instead, they should stay patient and focus on long term hodling as it would be the best key for now to avoid huge loss.

[wxa7115]

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.

Without a doubt someone the came to this market with a well defined plan and strategy has nothing to be afraid, despite the huge drop that we are seeing in the price at the moment.

However the problem is that a great deal of the people that have entered the market recently do not really have a plan, so right now they are desperate about the losses they are currently incurring, and the more time bitcoin remains at such a low price the greater the odds they will capitulate and sell their coins for a loss.

[Issa56]

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.

I think most newbies dont really understand what cryptocurrency is all about before they join,  they just hear about people making money through bitcon and cryptocurrency and they also believe they can invest and make money quickly and easily, they don't know the risk associated with it, that's why whenever they see their money reduce they always panic and sell. I believe before anybody to invest in bitcoin, they should all understand what it's all about, they should know they can lose their money, they shouldn't just tell them about profits alone.

[Davidvictorson]

Avoid the news if you can. This is will help to reduce the amount of FUD you are exposed to. Everyone who holds strong is soon going to be smiling because the price of Bitcoin is going to be valuable enough to generating good ROI. Hodling for every newbie is just like starting a workout routine. At first it seems very difficult but then as you do it consistently, you would begin to see the reward. Just hodl.

Here's a picture to make the vision clearer

Image source: https://www.reddit.com/r/CryptoMarkets/comments/l3f2n9/expectation_vs_reality_of_what_its_like_to_hodl/

[Viscore]

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.

In this very bearish market, newbies are mostly seen losing because they cannot hold their emotions anymore and have become compulsive seeing they're not going to make it in this bear market. So they resort into selling their coins at a very low price, which leaves them become poorer and make the whales richer in their hodlings. When in fact, newbies should have more patience because that is the best key not to lose in a such unpredictable market. And they should always realize that crypto do not give instant profits since they are mostly for long term investments, so they must learn not to panic and hold.

[AmoreJaz]

Avoid the news if you can. This is will help to reduce the amount of FUD you are exposed to. Everyone who holds strong is soon going to be smiling because the price of Bitcoin is going to be valuable enough to generating good ROI. Hodling for every newbie is just like starting a workout routine. At first it seems very difficult but then as you do it consistently, you would begin to see the reward. Just hodl.

Here's a picture to make the vision clearer
-

the above picture is very true. people thought when you hodl, it is like smooth sailing. but for those who really did experience of hodling long time, the experience of them is what the second picture depicts. for sure, those who are holding their btc long time have experienced all kinds of emotions already. and that will make you believe that this market has future. i guess, each one of us has experienced an agitated mode at some point of our hodling here. and that for me, is very normal emotion.

[DoublerHunter]

Avoid the news if you can. This is will help to reduce the amount of FUD you are exposed to. Everyone who holds strong is soon going to be smiling because the price of Bitcoin is going to be valuable enough to generating good ROI. Hodling for every newbie is just like starting a workout routine. At first it seems very difficult but then as you do it consistently, you would begin to see the reward. Just hodl.

Here's a picture to make the vision clearer
-

the above picture is very true. people thought when you hodl, it is like smooth sailing. but for those who really did experience of hodling long time, the experience of them is what the second picture depicts. for sure, those who are holding their btc long time have experienced all kinds of emotions already. and that will make you believe that this market has future. i guess, each one of us has experienced an agitated mode at some point of our hodling here. and that for me, is very normal emotion.

^ For me, I did not make things more complicated when it comes to HODL.
We can set a goal when we take our profit out because holding BTC is not all the time there is a bull market. Every time when the market was down, I usually never look at the market to avoid attempting to sell my BTC. Because the more you look at it, the more your emotions trigger and make a panic sell decision. Just always think about the reward in the future.

[jossiel]

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

It's normal for them to feel worried and panicked. That's because the market on this situation will totally give them anxiety and uncertainty.

That's okay to tell them that they shouldn't worry at all if they trust your words and you've experienced the first bear markets. Those words of yours will encourage them and will give them a sign of relief based on your experience.

It'll make them grow as they already have the guidance of someone who has experienced it before.

[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.

This happened because you don't choose to make peace with the trend that the market presented because if you do you'll only look for a way to make a profit out of the trend the market poses instead of panic.

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.

Cryptocurrency investment advice is to always dyor and if you follow most statements made by influencers you'll understand that they are only doing a marketing job which is either to increase the price of the coin they invested in or it a paid advertisement.

but here I prefer to analyze myself and collect news that can be trusted

These days no news is worth trusting because article writers also spicy up news and the best thing for you is to understand how 4years cycles of crypto work, how to select the right coin, and how to know good and exit points.

I am impressed with your suggestions. like you are a very experienced person. Well, that seems to be true. for now I have to be more careful in reading the news. because sometimes a lot of news is just confusing and ultimately unbelievable. because now too much news is made only for certain interests. such as spreading fud and so on. and indeed the solution is DYOR. I need to learn more and understand this crypto trading cycle very well.

[traderethereum]

If they think that bitcoin is a get-rich-quick scheme, they are wrong because the price can change quickly without us knowing where it is going.
If they are not ready for the price swings, they can get stuck in the high price and have to wait until the price can reverse direction or even go higher.

That is what some people think about bitcoin,  that it can get them rich in a short space of time . They don't care to know the volatility nature of bitcoin, that the price can change drastically without any signal.

I see many people who join have that thought, especially with the rising price of bitcoin before this year.
Those who joined bitcoin at that time only thought about short-term profits without studying how bitcoin moves in the crypto market.
But after they learned about bitcoin's wild movement to the point of seeing its price drop drastically, they couldn't stand it and decided to sell the bitcoins because they didn't want to see bigger losses.

Only people who are prepared for everything that will happen with bitcoin can take advantage of the opportunity to buy or sell bitcoins and earn something from bitcoins, while others will be at a loss if they sell their bitcoins.
They really need to learn about investing with only the money they can afford to lose so they don't take a huge risk out of the investment.

Before anyone will make up his/her mind to buy bitcoin,  the person need to understand how bitcoin works that it only takes patience to benefit from bitcoin profits.

If they don't understand how bitcoin works and how to invest in bitcoin properly, they won't make a big profit from bitcoin.
Instead of making a profit, they can get a big loss without any chance of profit at all.

[bitterguy28]

First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.

I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .

so yes lets see what comes when our funds uses to buying and short term holding .

[worle1bm]

First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.

I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .

so yes lets see what comes when our funds uses to buying and short term holding .

But what's the right time to sell and how you decide it? We find it easy to say we should have sell at high prices but timing out the market perfectly is not at all easy task but yes we can surely have satisfactory returns if we want to.When it's rising you don't know how high it can go and vice versa but if you have set your own price limits then you can surely gain profits.

[kamvreto]

First you should edit your images because it seems that it is not showing correctly , second Indeed that we must keep holding but also we need to learn when to sell just to buy again once the price continues to fall like what happening now.

I know I must hold but I now realized that i need to learn how to sell also in right timing , because Bitcoin volatility will always give you opportunity to buy and to sell when it is appropriate .

so yes lets see what comes when our funds uses to buying and short term holding .

But what's the right time to sell and how you decide it? We find it easy to say we should have sell at high prices but timing out the market perfectly is not at all easy task but yes we can surely have satisfactory returns if we want to.When it's rising you don't know how high it can go and vice versa but if you have set your own price limits then you can surely gain profits.

The right time is when you are already profitable or the target you want has been achieved. Sometimes people want to sell at the highest price until they forget that they already have enough profit and they realize when the price starts to fall back to the bottom price. if you have set a price but are not disciplined and greedy it will only hurt. The price goes up high to be greedy, and when it drops below the price panics to sell. Regulating psychology is also very important.

[lepbagong]

Bitcoin holders Doesn't need panic. Btc will pump again and make new ATHs. Like, in 2017 Bitcoin made a new ATH 1 BTC $20k. after that btc dropped 20k to $3200. Even then, the price of Bitcoin did not stop. BTC again made new ATHs $68.7k.  so, I don't think that bitcoin holders should ever panic.

indeed what is true is according to what you said, friend, that there is no need to panic. but all beginners or advanced will be able to panic when buying high and experiencing a very low price. for those who have more funds and are already experienced, they are actually motivated to buy again to increase their investment. because bitcoin will repeat the habits that have been experienced, usually after the halving period has passed bitcoin will increase again and create new ATH.

[KaliLinux]

This call is not just for newbies but this is for everybody. Maybe for old-timers, this is not hard but still, many of them have not appreciated the word HOLD, it is somehow they got influenced by their negativity. In fact, looking back on the surge of panic selling in the last bear season, it can't be possible if we still don't value this thing (hold) this time.

I think this was the time to open up our mind and think about what we can help the market as panic selling never contribute positively but rather seeing negative results. We don't just ask but to encourage everyone to become strong and let this bear season pass worrying about nothing.

Yeah, HODLing should be the thing but Bitcoin "investors" have a different level of responsibilities and sustainability which I believe contributes to their reaction to the market whenever they see a dip in the market. I saw in another post some days ago where someone said, "The Rich will keep being Rich and the Poor gets Nothing" or maybe not in those exact words but that's what S(he) meant. Investors will be more relaxed about market dips if they have other means for financial sustainance so I don't think rich Bitcoin Investors react the way other average-level investors do. Even though people know not to invest what they cannot afford to lose, people still want to invest in Bitcoin and will do so with the little income they have hoping to make a profit and a slight turn of the market will make them panic sell. 

[rodskee]

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.

[boyptc]

indeed what is true is according to what you said, friend, that there is no need to panic. but all beginners or advanced will be able to panic when buying high and experiencing a very low price. for those who have more funds and are already experienced, they are actually motivated to buy again to increase their investment. because bitcoin will repeat the habits that have been experienced, usually after the halving period has passed bitcoin will increase again and create new ATH.

Panic is normal.

Regardless of how long you've been in the market, there will be a slight of panic that you'll feel but it's up to you if that feeling will manifest to your actions just like doing the thing which is to panic sell.

The advantage of the people that have been in here for years, when feeling in panic, it won't manifest into an action because there will be a stoppage to that feeling based on the experiences that have been made throughout the entire stay in the market.

[AicecreaME]

During this bearish market season, it's really a normal occurrence that most people tend to panic and sell their assets because of the fear that they might lose all of their investments the moment the market continues to crash. It's a normal feeling that people get afraid of the worst possible scenarios. After all, money is hardly earned nowadays. However, if a person that entered the crypto world has an organized plan beforehand, the market fluctuation and even market crash won't get into them.

Proper risk assessment and management are needed in order to survive the crypto world. One must not do things hastily so that he won't regret  big time later on. In addition, doing an in depth research is essential so that you won't be shaken once things go haywire. This is because you already established a plan and has bigger picture in mind before actually risking. Which makes it great because you won't be eaten up by anxiety.

Although I also understand those people who still choose to sell in this bearish time. Because we have different plans and strategy. Perhaps cutting losses is what would work for them because they are for the short term only. Meanwhile, for those here for the long term won't be bothered so much. In fact, they would be celebrating because this will be the best time to buy in low position.

[ninis45]

Although I also understand those people who still choose to sell in this bearish time. Because we have different plans and strategy. Perhaps cutting losses is what would work for them because they are for the short term only. Meanwhile, for those here for the long term won't be bothered so much. In fact, they would be celebrating because this will be the best time to buy in low position.

those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus

[tabas]

those who have survived may not sell it because the strategy to get short-term discounts seems very risky even though the market direction is still likely to fall because the market fall from 28K$ to below 20K$ is very significant with a period of only 2 weeks only for them those who dare to sell it at that time get a market bonus

Because of volatile market of bitcoin, it can get lower and that is how we must prepare if it is likely to come. We can have the idea that we shouldn't be confident with what we can see because anytime it can move at any range that it can.
But there is no need to panic and just don't think that you can beat the market.