Enter the market with a loss mindset~what you can afford to lose

[Mpamaegbu]

~snipped~

It would be a better decision to buy coins after confirming that the market has turned bullish. In this case, the purchase price will be higher than the minimum, but this will prevent more significant losses that will necessarily occur if the market continues to decline after the purchase.

What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? If I believe that it has utility, I go in and not wait for someone to FOMO on it. Those who fear to lose anything at all in this game are those who end up losing. The plan should be to spot the one you want to buy and do so when the market seems silent on it. FOMO shouldn't be a thing with shrewd investors. To this point, I side with virasisog on their position.

[Pandu Geddon]

What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? If I believe that it has utility, I go in and not wait for someone to FOMO on it. Those who fear to lose anything at all in this game are those who end up losing. The plan should be to spot the one you want to buy and do so when the market seems silent on it. FOMO shouldn't be a thing with shrewd investors. To this point, I side with virasisog on their position.

That's right after the market moves to a bullish one some people who just wait without taking action will be left behind at the moment. because what happens is that they panic in making a purchase. it could be that such an action would trap him in a bull trap. we often see it happening in the market.
if we believe in what we choose, then the current downturn conditions will be paid off in full with favorable returns in the future. just hold it with trust, we will get the benefit.

[Mpamaegbu]

~

if we believe in what we choose, then the current downturn conditions will be paid off in full with favorable returns in the future. just hold it with trust, we will get the benefit.

You're right. Investment in Bitcoin demands patience to be able to be profitable as an investor. It's a long term investment that shouldn't be seen as a shortcut to riches. We can look at altcoin investment as short term but certainly not Bitcoin. There were some that bought Bitcoin at ATH in 2017, just the same way some also bought at the last ATH in 2021. Of course, many of those who bought at those points would've panicked and sold off in loss but those who're still hodling till date and will hodl till the next rally will be happy for it. No doubt, Bitcoin will achieve another milestone. It's just a matter of time and who has patience for its wait.

[Viscore]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla.. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

That’s when most of the people only came to invest because of greed, and that they always believe that the market will always be at its best, and when tough times happen, they eventually turn into weak hands and leave the market. Maybe because they know the risk in crypto but are not willing to take the risk because they lack the faith in crypto.

[tvplus006]

What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? ..

Of course, everyone has their own strategy, which they adhere to. And if you think that the current price is acceptable for you, then no one will be able to keep you from shopping. I believe that purchases should be made only after the reversal of the entire cryptocurrency market is confirmed. Since it won't matter if I bought BTC for 10 or 13 thousand dollars if its price reaches 100 thousand.

[kensaii]

What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? ..

Of course, everyone has their own strategy, which they adhere to. And if you think that the current price is acceptable for you, then no one will be able to keep you from shopping. I believe that purchases should be made only after the reversal of the entire cryptocurrency market is confirmed. Since it won't matter if I bought BTC for 10 or 13 thousand dollars if its price reaches 100 thousand.

I can see the reasons from both of you standpoints. One looks for the long term hold by buying when it seems low enough. While another look for the next bull run signal to make sure he's profit in short term. There is no absolute sure-kill method, what you find to work the best for both of you.

[CryptoYar]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. ~

I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.

I can see the reasons from both of you standpoints. One looks for the long term hold by buying when it seems low enough. While another look for the next bull run signal to make sure he's profit in short term. [..]

Yeah, he is referring to the short term. If anyone wants to invest for short-term then he need reversal confirmation. But for the long term, investment you don't need to read charts simply buy and and HODL

[Alisha-k]

To avoid market heartbreak buy and Hold preferably with an amount you can afford to lose. Losses is a must as far as crypto investment is involved. When the bull sets take advantage of it but with the current market situation if you don't understand the trend or your strategy isn't reliable enough stay clear. This is a point in the market where you trade based on how much research you have made. Stick to what works and avoid the noise from the crypto community

[DexxterD]

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

[sana54210]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. ~

I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.

This is true, and I believe that we shouldn't really be focusing this much into this world of altcoins. So, just focus on what you could actually believe in and trust, which is about bitcoin and maybe ethereum and bnb as well. This would be something a lot better.

Of course, it is not going to be something awesome if you make a lot less profit, there will be some people who hit it super lucky with a few altcoins and that would be super high profits and that would be something sad for you and upsetting to see those people making a ton of profit. This is why I believe that some people will make more but there will be a million who will make less that you will ignore. Hence price matters a lot in this case.

[GeorgeJohn]

Very true. Go in with what you can afford to lose or let go. It helps a lot thats why everyone is encouraged to in with a certain level of experience or training as well as not having the get rich quick mindset. Fluctuation in the market makes predictions difficult to get it right so it is advisable to take profits even though it can be sometimes difficult to do that

the market is open to everyone. But what we should do is to read the market before adventuring into it. because market of cryptocurrencies is like positive and negative. And that's while nobody is assured of the market and it's another factor while people have to encourage people not to lend before entering the market or not to lend for cryptocurrency investment. Investment in cryptocurrency should be a totally spell funds not real funds

[Kelvinid]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

[South Park]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. ~

I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.

This is true, and I believe that we shouldn't really be focusing this much into this world of altcoins. So, just focus on what you could actually believe in and trust, which is about bitcoin and maybe ethereum and bnb as well. This would be something a lot better.

Of course, it is not going to be something awesome if you make a lot less profit, there will be some people who hit it super lucky with a few altcoins and that would be super high profits and that would be something sad for you and upsetting to see those people making a ton of profit. This is why I believe that some people will make more but there will be a million who will make less that you will ignore. Hence price matters a lot in this case.

As simple as that, can people make money with altcoins right now? Yes, can they make incredibly profits? Yes, is it likely they will make all of those profits? No and in fact the opposite is the truth, so people need to reduce their expectations out of this market especially since the conditions for altcoins to go up in value are simply not there, right now is the time to invest early in some good coins and then let the market take its course for as long as it is needed.

[LUCKMCFLY]

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

Not really, but it sounds very interesting, however I second what you say, I particularly had bad experiences when I started trading, the truth is I didn't know anything about anything, and I started watching youtubers and paying attention to technical analysis and what I did was lose money, but later I studied a lot the books on market speculators and they helped me a lot, and one of the things that I value a lot and that I always look for a way to see is that through the volume you can read everything of the chart.

[sovie]

To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?

Not really, but it sounds very interesting, however I second what you say, I particularly had bad experiences when I started trading, the truth is I didn't know anything about anything, and I started watching youtubers and paying attention to technical analysis and what I did was lose money, but later I studied a lot the books on market speculators and they helped me a lot, and one of the things that I value a lot and that I always look for a way to see is that through the volume you can read everything of the chart.

what should one do if someone is going through terrible financial crisis and it is hard to survive in this inflation?
I think I am at the brink - where there is nothing to lose at all. The inflation is eating me up like crazy

[TheUltraElite]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong.

Investing in bitcoin at a low price means hitting the gold. Because crypto is all its glory ends up being referred to altcoins, I can assume why it becomes a joke at some points.

That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

A negative mindset draws out your energy and rational thinking. Newbie traders will end up selling at the wrong time because they are too hardened to the fact that they might lose money. Instead the proper way to think is knowing when to buy and sell and also what to buy - which is only bitcoin.

Knowing that we can lose is something that should be there, but dont let that thought drain your energy which occurs in the midway between joining and trading.

[palle11]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong.

If you get it wrong you mean. But what if you get it right? You swim in money sure. Just like every business venture or investment, you need to target properly the investment you want to do and also the risk involve in it because every business is a risk waiting in itself. Cryptocurrency isn't only the risky venture to take up but it also give the opportunity of lower risk when you do manage well. You have to invest what you can lose.

[LUCKMCFLY]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

[sovie]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

[Mahanton]

Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.

Yes, I have a way of trading that I apply to gambling, and that is that I only have a certain balance to make my operations, I never put more or less money to make my operations, in trading I usually risk a little more ,+more money than in gambling, but I have seen many friends who take trading as if it were gambling, they only enter guessing without any foundation, and most of the time they lose, because they have no idea what can happen. do or spend in the market, and this is something that always happens.

The point you have mentioned - about investing money - and losing it instantly is very correct. MY friend lost approx 5000$ in a jiffy.
But that is with every business - you can either be a king or you can be looser, there is hardly any middle line in it.

But you shouldnt really make yourself to be like a gambler because on any investment where losses is really just a normal thing to be experienced but you should really aim that in the end of the day
you would really be ending up to be profitable and this is kind or type of mindset that you should really have.Of course you shouldnt tolerate yourself on letting those  investments of yours to be on losses
because that wont really be that beneficial for long term.Try to make it as minimal as possible and challenged up yourself to have that way.
Loss mindset isnt bad yet it do acts as a form of preparation on something inevitable to happen but as i said that minimize it as small as possible.