Do not panic. Everything will get better

[jossiel]

Sometimes panic is easy to affect the performance of our brain. so that our minds and analyzes become dull. and it is like you said that it is patience that must be applied when panic comes. although holding back is something difficult. but at least we have to be patient until our minds become clear again to make decisions that will be taken. because if we make decisions when panicking. then the decisions we take can be wrong or wrong decisions. because it is not based on careful consideration of the results of the analysis of a clear and calm mind.

You can't be patient while panicking. You're overreacting and that's why you're panicking, you can only be patient when you're calm and that's what you need to think of when you're at the state of panic.

To remember to remain calm.

Because when you're thinking a lot of things and you're panicking at the same time, you're unlikely to be calm so, find a way to be calm.

[Ngemmeng]

selling does not mean panic, but sometimes selling must be done to avoid bigger losses and after that find the best point to buy again.
currently the bitcoin price is around $19,800 and if the next few days the bitcoin price has the potential to fall again, do you still choose to hold ?
I hope you understand what I mean 

[aylabadia05]

There's nothing we need to do when we're in the midst of the reddish days. Holding is the best choice if you want to stay on this market but with good cryptos that you're holding.
Not with some random altcoins that you're going to hold and you expect them to grow with the top ones. That's not how it goes but at least you practice holding and being patient.

I am no longer interested in Altcoins and so far there are no Altcoins that I keep as assets. For me Altcoins are not able to provide guaranteed value in the future. I'm tired of Altcoins.

The direction and focus of my every discussion here and outside the forum is only on Bitcoin because I think Bitcoin is the king of crypto. Can't compare Bitcoin with other cryptos. It's been years since I wasted time with Altcoins. So, what needs to be held and collected right now is Bitcoin. The patience and hold that prevails today in my opinion is for Bitcoin.

[batang_bitcoin]

There's nothing we need to do when we're in the midst of the reddish days. Holding is the best choice if you want to stay on this market but with good cryptos that you're holding.
Not with some random altcoins that you're going to hold and you expect them to grow with the top ones. That's not how it goes but at least you practice holding and being patient.

I am no longer interested in Altcoins and so far there are no Altcoins that I keep as assets. For me Altcoins are not able to provide guaranteed value in the future. I'm tired of Altcoins.

The direction and focus of my every discussion here and outside the forum is only on Bitcoin because I think Bitcoin is the king of crypto. Can't compare Bitcoin with other cryptos. It's been years since I wasted time with Altcoins. So, what needs to be held and collected right now is Bitcoin. The patience and hold that prevails today in my opinion is for Bitcoin.

That's good for you as you've find comfort with bitcoin and not anymore with altcoins. To me, I still have a very few of altcoins on hold and some of them were dead for good.
But there's nothing gonna happen even if I sell them so I just keep them for good and not hoping that someday they'll pump and a whale would buy a lot of it, not like that but just keeping it to myself like a memory of a wrong decision I've made.

[Furious 7]

That's good for you as you've find comfort with bitcoin and not anymore with altcoins. To me, I still have a very few of altcoins on hold and some of them were dead for good.
But there's nothing gonna happen even if I sell them so I just keep them for good and not hoping that someday they'll pump and a whale would buy a lot of it, not like that but just keeping it to myself like a memory of a wrong decision I've made.

Just keep it as your collection but don't really expect to be able to pump because this will only be a hope that is not certain to happen
Actually some Altcoins are still very good in my opinion but I am dealing with other things for now because I am only for altcoins that have something good and are quite reliable, the rest are for projects that are not very clear I prefer not to look at it because it is just wasting -wasting time even though it is possible some of them have pump and dump.

[batang_bitcoin]

That's good for you as you've find comfort with bitcoin and not anymore with altcoins. To me, I still have a very few of altcoins on hold and some of them were dead for good.
But there's nothing gonna happen even if I sell them so I just keep them for good and not hoping that someday they'll pump and a whale would buy a lot of it, not like that but just keeping it to myself like a memory of a wrong decision I've made.

Just keep it as your collection but don't really expect to be able to pump because this will only be a hope that is not certain to happen
Actually some Altcoins are still very good in my opinion but I am dealing with other things for now because I am only for altcoins that have something good and are quite reliable, the rest are for projects that are not very clear I prefer not to look at it because it is just wasting -wasting time even though it is possible some of them have pump and dump.

Yup. I've got no plans of selling them as they really are dead. If you're only for altcoins and you're making well there then congratulations. But don't forget that sometime in the future that majority of the alts will be stomped again by bitcoin.
So, if it's not yet that late, get yourself bitcoin before anything else because that's what is going to be always the best option for the majority of us.

[Furious 7]

Just keep it as your collection but don't really expect to be able to pump because this will only be a hope that is not certain to happen
Actually some Altcoins are still very good in my opinion but I am dealing with other things for now because I am only for altcoins that have something good and are quite reliable, the rest are for projects that are not very clear I prefer not to look at it because it is just wasting -wasting time even though it is possible some of them have pump and dump.

Yup. I've got no plans of selling them as they really are dead. If you're only for altcoins and you're making well there then congratulations. But don't forget that sometime in the future that majority of the alts will be stomped again by bitcoin.
So, if it's not yet that late, get yourself bitcoin before anything else because that's what is going to be always the best option for the majority of us.

Bitcoin is the top choice and it's a definite thing I do. As for some Altcoins here I only hold eth and bnb for now because for other coins I still don't plan to bring them unless it's shitcoin which has been a collection for the past few months.
Being in bitcoin is one of certainty so why would it be foolish to turn away.

[monineklutak]

Just keep it as your collection but don't really expect to be able to pump because this will only be a hope that is not certain to happen
Actually some Altcoins are still very good in my opinion but I am dealing with other things for now because I am only for altcoins that have something good and are quite reliable, the rest are for projects that are not very clear I prefer not to look at it because it is just wasting -wasting time even though it is possible some of them have pump and dump.

Yup. I've got no plans of selling them as they really are dead. If you're only for altcoins and you're making well there then congratulations. But don't forget that sometime in the future that majority of the alts will be stomped again by bitcoin.
So, if it's not yet that late, get yourself bitcoin before anything else because that's what is going to be always the best option for the majority of us.

Bitcoin is the top choice and it's a definite thing I do. As for some Altcoins here I only hold eth and bnb for now because for other coins I still don't plan to bring them unless it's shitcoin which has been a collection for the past few months.
Being in bitcoin is one of certainty so why would it be foolish to turn away.

Bitcoin and other top coins like Ethereum and BNB are safe choices and that's without a doubt,
taking into account the current conditions of course it is the right choice,
but this all comes back again depends on each person's decision

[aylabadia05]

Hi @batang_bitcoin and Hi @Furious 7. Regarding this discussion, I would like to quote a statement from The Pharmacist about Bitcoin in one of the discussion thread. Maybe it can be our reference. Allow me The Pharmacist to place it here. I hope you will allow it.

Bitcoin is king, and the king of kings when it comes to cryptocurrencies as far as I'm concerned.  The best thing about btc is that there's no person or group running it like you see with so many of the shitcoins out there, especially the PoS ones (which I used to be a fan of). 

Just take a look at all the truly awful shitcoins that have taken a beating in the past day since ETH went PoS.  None of them even come close to bitcoin in terms of dominance or usefulness.  Is that going to be the case forever?  Maybe not, but damned if I know of a challenger with any serious credibility. 

I've already said that I've been wasting my time on Altcoins for years. Now and forever, I continue to campaign for Bitcoin in every discussion room. May we be able to discriminate wisely between the good and the best. Don't panic, everything will get better.

[ajiz138]

I've already said that I've been wasting my time on Altcoins for years. Now and forever, I continue to campaign for Bitcoin in every discussion room. May we be able to discriminate wisely between the good and the best. Don't panic, everything will get better.

Shitcoin will only waste your money so forget it even though in the past more losses from shitcoin it will be a lesson and never come back again, for now focus more on Bitcoin as the only coin that must be invested.

It's good you have conveyed how this discussion is good for Bitcoin will many know and believe in bitcoin more than shitcoin, I always educate my local circle about bitcoin and learn how to manage finances in bitcoin it will be a good thing even if they accept its very polite.

Like this tweet I never even told people to buy but I will educate on the positive things how about Bitcoin.


https://twitter.com/brucefenton/status/1571099108626280450

[batang_bitcoin]

Yup. I've got no plans of selling them as they really are dead. If you're only for altcoins and you're making well there then congratulations. But don't forget that sometime in the future that majority of the alts will be stomped again by bitcoin.
So, if it's not yet that late, get yourself bitcoin before anything else because that's what is going to be always the best option for the majority of us.

Bitcoin is the top choice and it's a definite thing I do. As for some Altcoins here I only hold eth and bnb for now because for other coins I still don't plan to bring them unless it's shitcoin which has been a collection for the past few months.
Being in bitcoin is one of certainty so why would it be foolish to turn away.

That's good, those are good choice of altcoins. There's certainty with bitcoin and that's why I also encourage the others that still don't have it to buy it.
It's because having it is likely giving a security to what we're holding and that's a must for those that still don't have it, if you like of owning it then you're having a good decision because you see the importance of it.

~snip~

I understand and I'm with you that everything is going to get better soon. And the choice you've made is the best for you.

[Abiky]

I do think that you should understand that it is indeed very difficult to process all of the stuff as well considering that the price of bitcoins shot down to literally 18k which means that people would panic sell and this would honestly make it even worse as well. Thus if you panic sell you are not only loosing your investment you are shattering the whole market as well which is hard to go at this moment, I do think that what you can do is :

Understand that " As long as you don't sell, you cannot loose money "

Thus at the end you can get everything sorted out in the future but if you sell it all, you are going to sell it at 18k Max and if you wait you can stretch it to loads and maybe have a better opportunity in the future.

Of course. Selling at lower prices would only make you a looser in the long run. You're better off holding your coins until prices go back up again. Most people panic because they fear the cryptocurrency they're investing into will go all the way to zero. But that only happens if you invest into coins with a low market cap or extremely high inflation rate. The rest of the cryptocurrencies on the market generally retain their value over time (although they could decrease massively in price during bearish times).

If you're worried about prices, then simply convert your crypto into a stablecoin of your choice. Then, you can choose to cash out in real money (Fiat) or simply buy more coins at a lower price. Rinse, and repeat. Crypto was never about the price anyways, so as long as it provides real use cases to the world, the rest doesn't matter. Just my opinion

[aylabadia05]

~snip

Like this tweet I never even told people to buy but I will educate on the positive things how about Bitcoin.

~snip

Yes. As I have mentioned that at every opportunity we must continue to campaign for Bitcoin as a valuable asset in the future. I feel that we can force people to tell us to buy Bitcoin, but let the explanation after explanation that we provide make them make good use of their money in investing for the future.

[wmaurik]

Yes. As I have mentioned that at every opportunity we must continue to campaign for Bitcoin as a valuable asset in the future. I feel that we can force people to tell us to buy Bitcoin, but let the explanation after explanation that we provide make them make good use of their money in investing for the future.

Forcing everyone to buy Bitcoin without giving a complete explanation of Bitcoin is not a good thing in my opinion. Because giving an explanation about Bitcoin to everyone without having to force them to buy it first is a very feasible and also good thing even though at first it will be laughed at by some people who don't know Bitcoin (as I felt in an economic seminar a few days ago) where until now there are still those who believe in a scam platform.

In conclusion, don't force them to invest in Bitcoin because we are not thinking about the future of anyone but ourselves. But if it's to campaign for Bitcoin to everyone, then give them a complete explanation so they don't get lost after hearing a brief explanation about Bitcoin.

[Ludmilla_rose1995]

1. Be patient, don't panic.
2. Buy and hold.

The first attitude is very suitable to be applied and very many traders experience tremendous panic when they see the market price drop, especially Bitcoin is now at $18k.

It's becoming increasingly apparent that other coins are very influential on Bitcoin. So, the opportunity to buy to increase the volume of Bitcoin can be done again for long-term investments. The current market situation in my opinion is a very tough test to be applied by those who are impatient.

Do not panic. Everything will get better.

after the bitcoin price returned to $22k++, currently the bitcoin price is at $19k++

bitcoin will always be very volatile, the price will change all the time along with market movements. then don't ever panic with bitcoin price movements!

I like the sentence that says when you sell at a loss you are wasting a golden opportunity.

[Lanatsa]

There is no need to keep advising people to hold, i have seen this advice so much in the last weeks since bitcoin started plunging, if they do not believe in bitcoin or that this kind of plunge has happened before and that it will return back up, then let them sell to stronger hands that are ready to buy at all times, and just maybe experience will teach them to research next time.

The kind of bearish market we face right now is not going to end soon and might continue for many months to come because money tightening policy will not end so soon and we may see interest rate increase many times in future. I don't see even relief rally by the end of 2022. We might see some good news in 2023 that may reverse the current bear trend.

Yes we need to get used to our market, sometimes we will,sometimes we lost sometimes there's more losses rather than winning but still we keep our pateience and we will believe that we are ending this bear market and we are ready for our market to heal, ber months is here and we know that during these season the market recover and bear market will end.

Even after how many years i've been dealing on this market but still there are indeed times which you would really be that emotionally been affected on whats currently happening around specially if decrease is really

just too much on a day basis or last 24 hours which would really be giving out that kind of doubt which you would really be thinking that this might be the worst condition or situation that we might able to experience here on crypto space.
Everything would really get better but it would be wise if you do make out steps on accumulating coins while its still cheap.This is indeed a challenge on making
up such decision due to some factors which are needed to be considered.

[nullama]

If you simply focus on the amount of BTC you have, you'll just see a new ATH every time you buy or earn more.

If the price is down, that basically means it's on sale. You get more BTC per unit of fiat. Great opportunity.

[Roman_Picisan]

1. Be patient, don't panic.
2. Buy and hold.

The uncertain market makes people experience panic. Let alone others, I'm also panicked about the current market conditions, which have not been able to stand up at the $25K point because they have surprisingly dropped back to below $20K.

Patience and hold for the long term is the solution in valuing Bitcoin in the future. It seems that the two steps you mentioned are not suitable for altcoins because the market has too many junk coins popping up all the time.

[Agbe]

In every reduction or dip people must panic because some used big money to buy it while others need money to pay bills and spend but if bitcoin price is down it affects their plans.  Being patient is one of the key elements of success of life. Buying bitcoin in the dip and holding it in the dip is one of the best thing one would do but that is only meant for thick skin users because it is not everyone has that mindset to do it at that time. You know, many people panic because their faith is not strong as some others. Bitcoin is not something one just starts today thinking of making profit the next day. Although it is possible but you have to remove your mind from it bitcoin is a long Investment platform. Like this dip started since April 2022 and it still on the dip so if the user is not a strong believer of bitcoin, he will be start panicking.

[cheezcarls]

As of this time, I don’t really mind about the fluctuating price right now despite that I am doing DCA with Bitcoin. If we have overcome the bear market many times back then, how much more this time? For sure, we are in a much better position than we were years ago.

Of course, the hype is over for now. Ethereum merge is now behind us. What we are anticipating is the next halving period which will take place in 2024. I know that it’s still a long way to go, but I’m really bullish on that as I am thinking long term about Bitcoin. If my extra money is at least doubled or tripled every month, I’ll be adding ETH to my DCA plans.