Buy Buy Buy or Sell Sell Sell?

[Loyang]

Perhaps you don't understood what I said because if you do, you won't be asking me this question however, the reason why someone will invest in Bitcoin and still panic and want to sell even when they are familiar with the market is because they don't have the intention to hold for long term and sometimes it is because they probably must have used money meant for their needs hoping and praying to double it but the funny part is that market doesn't care about your hope or prayers so it is always advisable to use our discretionary and plan for the long term.

One thing that's quite true, in my opinion is that if someone holds for the long term they won't feel anxious about market conditions that can trigger panic.

Imagine if the goal of investing is long-term, regardless of the conditions they won't experience panic when holding Bitcoin whether the market is declining or declining. In fact, if a decline occurs, I think they can take advantage of the situation by buying Bitcoin to accumulate the amount they will have in the future, which will increase their assets over time, rather than panic gripping them when holding Bitcoin during a market downturn.

As you said, the reality is not like that at all. It is very natural for a new person to be afraid and an old investor can also be afraid. Because when you see a lot of your money going to the loser during the fall, you will be afraid and it is very natural. But yes, if a person can build complete faith in Bitcoin, then he will definitely be able to face such a fall and move forward as you said.

But it takes a lot of time for a person to build this amount of faith and it takes a lot of knowledge and experience about Bitcoin. But yes, to start investing or to buy Bitcoin, all this is not needed at the beginning, what is needed is if there is a source of discretionary income, then he can start investing and after starting investing, he can move forward with everything in parallel. Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

[Wash Skin]

Imagine if the goal of investing is long-term, regardless of the conditions they won't experience panic when holding Bitcoin whether the market is declining or declining. In fact, if a decline occurs, I think they can take advantage of the situation by buying Bitcoin to accumulate the amount they will have in the future, which will increase their assets over time, rather than panic gripping them when holding Bitcoin during a market downturn.

This is the best opportunity to hold Bitcoin for a long time, because the price of Bitcoin is increasing in a phased manner. So I say that if you want to hold Bitcoin for a long time, then definitely continue to buy Bitcoin from now on, the longer the Bitcoin purchase is and the longer you keep it, the more your benefits will be. Bitcoin will not only save you from one side, it will save you from all sides, it works against inflation.
The price you get Bitcoin at now may not be the same price in the future, the value of money is gradually decreasing. So if you want to invest in Bitcoin, you should do it quickly, and when the right time comes, you can sell it again and receive a considerable benefit.

[Grease5000]

Perhaps you don't understood what I said because if you do, you won't be asking me this question however, the reason why someone will invest in Bitcoin and still panic and want to sell even when they are familiar with the market is because they don't have the intention to hold for long term and sometimes it is because they probably must have used money meant for their needs hoping and praying to double it but the funny part is that market doesn't care about your hope or prayers so it is always advisable to use our discretionary and plan for the long term.

If an investor invest only using discretionary income he won't panic or feel emotional pressure to sell his bitcoin portfolio during price dip rather he  will accumulating is the DCA strategy which gives him the opportunity to more using the same amount of money.
An  investor who after buying bitcoin hoped and prayed for bitcoin price to double after a short time is not longer investing but buying bitcoin short term gain which is more of a trader approach.

[samadam007]

Some newbies may panic and sell if no body told them that bitcoin is volatile, which means despite the dip the price will also rise one day just to keep there mind at peace, panicking from newbie is normal as long as they don't panic and sell half way.

It's good to get a better orientation about bitcoin investment as a newbie before getting started to avoid unnecessary panic, tell them things they need to know about bitcoin investment, how the price can go up and sometimes come down, and also the right investment funds to use which is their discretionary income and the strategy to use which is the dca strategy so that when they see somethings happening around the market they wouldn't panic and sell their bitcoin at lost.

So as a newbie, you need someone to tell you that Bitcoin is volatile? Maybe you should also wait for us to hold your hands and tell you the percentage to invest from your discretionary income? Lol be real pls

I believe majority folks going into Bitcoin already know it’s volatile. They just may/ may not be aware how wild the movements can be sometimes. But the experience after the person start can teach him to improve how to manage the risks. What reduces the chance of panic selling is investing with an amount you can comfortable afford, having a realistic plan and prioritize building backup funds.

[Gragebox]

As you said, the reality is not like that at all. It is very natural for a new person to be afraid and an old investor can also be afraid. Because when you see a lot of your money going to the loser during the fall, you will be afraid and it is very natural. But yes, if a person can build complete faith in Bitcoin, then he will definitely be able to face such a fall and move forward as you said.

But it takes a lot of time for a person to build this amount of faith and it takes a lot of knowledge and experience about Bitcoin. But yes, to start investing or to buy Bitcoin, all this is not needed at the beginning, what is needed is if there is a source of discretionary income, then he can start investing and after starting investing, he can move forward with everything in parallel. Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

In case of a Bitcoin crash, fear is definitely not an emotion experienced only by beginners. Even more experienced investors may feel some uneasiness seeing a big share of their investment lose value in a matter of days. The key here is to accept the fact of having fear but know why you own the cryptocurrency in question and what risks you are able to tolerate.

Additionally, I believe confidence needs to be built on knowledge rather than blind faith. Before buying anything, one needs to understand the nature of Bitcoin's volatility, potential drawdowns and lack of guaranteed earnings. One should also have a steady source of discretionary income because spending necessary for living money on investments may lead to unnecessary anxiety in case of a market crash.

A good approach would be starting with an amount one can leave invested for a while. Gradually, with experience, one will learn the cycles of the market and have a more efficient strategy. It will help one avoid hasty selling in case of market crash.

[Sammysmart001]

Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

Your confidence in Bitcoin shouldn’t be coming only from the idea 💡 or believe that the price will eventually go up, your confidence should be coming from you understanding the risk and also having a plan to follow when market start to fall. Even an experience user can panic if they end up  investing more than they can comfortably afford.

Confidence in Bitcoin is just as important as knowing your financial limit, understanding that Bitcoin has a large drops and if your money won’t be needed for daily needs this understanding makes it become much more easier to avoid making an emotional decision when market don’t turn out well for you.

[JOSTEN_TOP]

Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

Your confidence in Bitcoin shouldn’t be coming only from the idea 💡 or believe that the price will eventually go up, your confidence should be coming from you understanding the risk and also having a plan to follow when market start to fall. Even an experience user can panic if they end up  investing more than they can comfortably afford.

Confidence in Bitcoin is just as important as knowing your financial limit, understanding that Bitcoin has a large drops and if your money won’t be needed for daily needs this understanding makes it become much more easier to avoid making an emotional decision when market don’t turn out well for you.

Experience is a factor, but the key to having confidence that the investor will be long is to have confidence in what you are putting your money into, not to have your money expectantly going up in value. People could have conviction in Bitcoin, and still end up making bad decisions if they put in more money than they are comfortable losing.

I believe that having a plan prior to market correction is one of the most important lessons for every investor. Bitcoin can fall substantially, and when a trader sees that one-hundredth of their portfolio is underwater, their instincts take over. Without a plan, it's easy to panic, sell, or otherwise trade impulsively when the market dips.

Another important thing is to keep your investing money separate from your daily spending money, rent, food, and bills are great examples of money that shouldn't depend on the price of Bitcoin. If an investor can go into the market with the knowledge that their Bitcoin bag isn't needed for necessities, they will be much more at ease for the short-term downturns.

[Stive009]

Perhaps you don't understood what I said because if you do, you won't be asking me this question however, the reason why someone will invest in Bitcoin and still panic and want to sell even when they are familiar with the market is because they don't have the intention to hold for long term and sometimes it is because they probably must have used money meant for their needs hoping and praying to double it but the funny part is that market doesn't care about your hope or prayers so it is always advisable to use our discretionary and plan for the long term.

One thing that's quite true, in my opinion is that if someone holds for the long term they won't feel anxious about market conditions that can trigger panic.

Imagine if the goal of investing is long-term, regardless of the conditions they won't experience panic when holding Bitcoin whether the market is declining or declining. In fact, if a decline occurs, I think they can take advantage of the situation by buying Bitcoin to accumulate the amount they will have in the future, which will increase their assets over time, rather than panic gripping them when holding Bitcoin during a market downturn.

As you said, the reality is not like that at all. It is very natural for a new person to be afraid and an old investor can also be afraid. Because when you see a lot of your money going to the loser during the fall, you will be afraid and it is very natural. But yes, if a person can build complete faith in Bitcoin, then he will definitely be able to face such a fall and move forward as you said.

But it takes a lot of time for a person to build this amount of faith and it takes a lot of knowledge and experience about Bitcoin. But yes, to start investing or to buy Bitcoin, all this is not needed at the beginning, what is needed is if there is a source of discretionary income, then he can start investing and after starting investing, he can move forward with everything in parallel. Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

It is natural to feel afraid but it is incorrect to attribute this fear solely to a lack of knowledge or belief in Bitcoin. Regardless of how much one knows about Bitcoin if someone invests money they might need later fear is inevitable when the price drops by 30% or 40%. More knowledge won't solve this issue the problem originated at the moment of investment because the individual failed to properly assess their discretionary income.

Taking the root of panic selling to be the lack of sufficient belief in Bitcoin is a trivialization. But if you put in money that you can't afford to sit on for an extended period you'll likely have to sell when things happen regardless of how much you might believe. This shows that it is not the volatility of Bitcoin but the amount invested that is a problem.

Additionally it is not entirely true that only a wide range of knowledge and experience is required to build full confidence in Bitcoin. But confidence doesn't just come from reading a book it comes from what you do in the market. With a long term perspective you will begin to notice trends and volatility in the market gain personal experience and increase your confidence in Bitcoin.

 How can you get experience if you don't invest? The first step is to find a dollar amount that is appropriate for your finances and be able to follow a plan without faltering even when markets are down.

[Sally9256]

Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

Your confidence in Bitcoin shouldn’t be coming only from the idea 💡 or believe that the price will eventually go up, your confidence should be coming from you understanding the risk and also having a plan to follow when market start to fall. Even an experience user can panic if they end up  investing more than they can comfortably afford.

Confidence in Bitcoin is just as important as knowing your financial limit, understanding that Bitcoin has a large drops and if your money won’t be needed for daily needs this understanding makes it become much more easier to avoid making an emotional decision when market don’t turn out well for you.

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

[ejikeme24]

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

You don't necessarily need to prepare for dip because you don't know when it will happen, people only get prepared for something they are aware of when it will happen. Personally I don't even see any reason why a person will panic during the dip knowing fully well that bitcoin is very volatile, so for me I think the reason why people panic during the dip is because their mind is not well made up to invest in bitcoin maybe they just decide to venture into Bitcoin investment due to FOMO. but as for those whose mind is well made up to invest in bitcoin, you hardly see them panic when there's a correction in the market.

[Showlove01]

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

An investor doesn't have any business with financial limit but rather what an investor should focus on is how to figure out a discrestionary income they can use in their Bitcoin investment because talking about knowing one's financial limit makes you sound like you don't know what is needed in Bitcoin investment, we don't need our total finance to invest what we need is just a discrestionary income in other words "leftovers" and panicking is not necessarily because someone is not prepare rather mindset and target is what can make one panic sometimes.

[Sulegzy39]

It is completely natural for a highly unstable commodity like Bitcoin to endure a thirty to forty percent price decline. However, a market fall does not oblige anyone to make a sale. The problem arises when a person invests money in Bitcoin which they may require for a crisis in a couple of months. Then, out of obligation, they may have to sell for a loss. A person may believe that they can survive a downturn. However, if they do not have emergency reserves and need the money within a few months, then their risk tolerance is significantly reduced. In all cases, the shareholder is responsible for the panicked purchasing.

Sudden personal circumstances or other crises may cause a shareholder to sell an asset before their strategy is established. There is no denying Bitcoin's instability. If you anticipate volatility and prepare your finances properly, the same fall can be a momentary market fluctuation for one person and a true financial crisis for others. Finally, how volatile an asset is is as significant as the investor's capacity to handle that instability in their financial affairs.

[Crakryptvest]

Perhaps you don't understood what I said because if you do, you won't be asking me this question however, the reason why someone will invest in Bitcoin and still panic and want to sell even when they are familiar with the market is because they don't have the intention to hold for long term and sometimes it is because they probably must have used money meant for their needs hoping and praying to double it but the funny part is that market doesn't care about your hope or prayers so it is always advisable to use our discretionary and plan for the long term.

For novice of newbies, we can say they panic because they might not know much about the market, although sometimes it could also be as a result of improper planning, but for investors who are not new to the market realities, panicking can be attributed to either what you pointed at or maybe because they were just gambling all along and deceiving themselves that they are investing for a long-term, once and investor fail to apply a good financial management when investing in Bitcoin, hodling for a long-term becomes a problem because, dipping hands where you are not supposed to will definitely cause you panic as an investor when the time comes, which is why we should not go against the rules of Bitcoin investment.

[cocadalcan]

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

You don't necessarily need to prepare for dip because you don't know when it will happen, people only get prepared for something they are aware of when it will happen. Personally I don't even see any reason why a person will panic during the dip knowing fully well that bitcoin is very volatile, so for me I think the reason why people panic during the dip is because their mind is not well made up to invest in bitcoin maybe they just decide to venture into Bitcoin investment due to FOMO. but as for those whose mind is well made up to invest in bitcoin, you hardly see them panic when there's a correction in the market.

When prices fall those who wait for the price to rise panic. Most investors are not aware of what the market situation will be after a while. In the case of Bitcoin, it is more volatile in terms of price. You can never survive by competing with a volatile market. To survive you have to go for a long term investment strategy and the investment strategy has to be regular and for a certain period of time. You can wait for the price to fall to increase your Bitcoin holdings if DCA is running regularly. If you are an irregular investor or a new one, start accumulation Bitcoin now instead of waiting for the price to fall. You will see many periods of price increases and price decreases in the future. Increase the size of the reserve fund to prepare for that time and be in the DCA method regularly according to your financial situation.

[Derekfunds]

When prices fall those who wait for the price to rise panic. Most investors are not aware of what the market situation will be after a while. In the case of Bitcoin, it is more volatile in terms of price. You can never survive by competing with a volatile market. To survive you have to go for a long term investment strategy and the investment strategy has to be regular and for a certain period of time. You can wait for the price to fall to increase your Bitcoin holdings if DCA is running regularly. If you are an irregular investor or a new one, start accumulation Bitcoin now instead of waiting for the price to fall. You will see many periods of price increases and price decreases in the future. Increase the size of the reserve fund to prepare for that time and be in the DCA method regularly according to your financial situation.

It is not only traders that hope for price to rise even investors do hope for the price of Bitcoin to keep or continue rising but this doesn't mean they are planning to sell premature but rather it gives an investor happiness to see their asset is doing well. When you say "most Investors are not aware of what the market situation will be after a while" has made me to ask you if there is any investor that knows what the market situation will be certainly? Off course no one knows what the situation of the market will be but history has shown that Bitcoin is likely to do great in the long term.

[I_Anime]

When prices fall those who wait for the price to rise panic. Most investors are not aware of what the market situation will be after a while. In the case of Bitcoin, it is more volatile in terms of price. You can never survive by competing with a volatile market. To survive you have to go for a long term investment strategy and the investment strategy has to be regular and for a certain period of time. You can wait for the price to fall to increase your Bitcoin holdings if DCA is running regularly. If you are an irregular investor or a new one, start accumulation Bitcoin now instead of waiting for the price to fall. You will see many periods of price increases and price decreases in the future. Increase the size of the reserve fund to prepare for that time and be in the DCA method regularly according to your financial situation.

It is not only traders that hope for price to rise even investors do hope for the price of Bitcoin to keep or continue rising but this doesn't mean they are planning to sell premature but rather it gives an investor happiness to see their asset is doing well. When you say "most Investors are not aware of what the market situation will be after a while" has made me to ask you if there is any investor that knows what the market situation will be certainly? Off course no one knows what the situation of the market will be but history has shown that Bitcoin is likely to do great in the long term.

Obviously, every investor likes seeing the value of their assets appreciate. Especially for those who have gotten far with their accumulation, because the number of bitcoin stash will determine your returns. Whenever the prices starts surging is sucks to be a low coiner . As a longterm investor your focus should be accumulating as much bitcoin as you can that’s the only way it will be more exciting when the market is surging in price .

[ruykeri]

You're right a person can totally be of the belief that Bitcoin will eventually go up no matter how much it falls and still end up panicking when the fall actually happens not only because they invested more than they can afford but because they were not really prepared for it. Knowing your financial limit is good but it's best to be prepared since Bitcoin can move both ways. Knowing what to do and getting prepared for situations of a price fall will give you more confidence to expect the worse, that way you won't panic when the price falls. What gives confidence is how well you prepare for times like that by knowing what to do.

An investor doesn't have any business with financial limit but rather what an investor should focus on is how to figure out a discrestionary income they can use in their Bitcoin investment because talking about knowing one's financial limit makes you sound like you don't know what is needed in Bitcoin investment, we don't need our total finance to invest what we need is just a discrestionary income in other words "leftovers" and panicking is not necessarily because someone is not prepare rather mindset and target is what can make one panic sometimes.

To avoid panic selling an investor should have a backup fund and invest with such funds as are beyond the necessary expenses. And the issue of mindset is that one has to accept that the price of Bitcoin is very volatile in the short term. If someone thinks that the price of Bitcoin will continue to increase continuously, then he will panic and think about selling when he sees the price of Bitcoin falling. Even a relatively normal correction can make him uncomfortable. If someone buys with a very short term target, he may be frustrated even if the price is sideways for a few months. Mindset can help you understand volatility, but you also need strong cash flow to keep your mindset strong during price volatility. In fact investing in Bitcoin requires a combination of planning of all aspects where cash flow, discretionary income, backup funds, proper fund management and the right mindset work together.

[TaviraCoinX]

As you said, the reality is not like that at all. It is very natural for a new person to be afraid and an old investor can also be afraid. Because when you see a lot of your money going to the loser during the fall, you will be afraid and it is very natural. But yes, if a person can build complete faith in Bitcoin, then he will definitely be able to face such a fall and move forward as you said.

But it takes a lot of time for a person to build this amount of faith and it takes a lot of knowledge and experience about Bitcoin. But yes, to start investing or to buy Bitcoin, all this is not needed at the beginning, what is needed is if there is a source of discretionary income, then he can start investing and after starting investing, he can move forward with everything in parallel. Initially, a person needs to build self-confidence in Bitcoin so that he does not sell Bitcoin during the fall.

It is not impossible to lose control when the price of Bitcoin falls, if you do not invest with the remaining money and invest with the money you need and it is not impossible to panic, if you invest, it is wise to use that money for the long term so that your future does not stop without money, you do not need experience in everything to invest in Bitcoin, only long-term planning and financial stability are very important to invest here, money management is the most important thing in investing because it makes it possible for you to move forward in the long term and take advantage of the opportunities at hand without stopping.

[Princess Leah]

It is not impossible to lose control when the price of Bitcoin falls, if you do not invest with the remaining money and invest with the money you need and it is not impossible to panic, if you invest, it is wise to use that money for the long term so that your future does not stop without money, you do not need experience in everything to invest in Bitcoin, only long-term planning and financial stability are very important to invest here, money management is the most important thing in investing because it makes it possible for you to move forward in the long term and take advantage of the opportunities at hand without stopping.

Come to think of it, why would anyone chose to investment with money meant for important things and expect peace of mind? The market is volatile and if some choose investing with money that's not the discretionary fund then the person should be ready to bare the lose and wait longer cause the market is unpredictable and might dump while the person is expecting a pump.

 They don't risk money for essentials on a long term investment, except the person wants to gamble with his/her funds and expect to be lucky but since ones fate is unpredictable and the result could end up in lose, people are advised to use what's left after settling essentials which is the discretionary fund.

[Perfect-World]

Some newbies may panic and sell if no body told them that bitcoin is volatile, which means despite the dip the price will also rise one day just to keep there mind at peace, panicking from newbie is normal as long as they don't panic and sell half way.

It's good to get a better orientation about bitcoin investment as a newbie before getting started to avoid unnecessary panic, tell them things they need to know about bitcoin investment, how the price can go up and sometimes come down, and also the right investment funds to use which is their discretionary income and the strategy to use which is the dca strategy so that when they see somethings happening around the market they wouldn't panic and sell their bitcoin at lost.

Firstly, I feel that a common sense will do for them to know about the volatility of Bitcoin. Hence, they must have known about the volatility of Bitcoin. It may just be that they may become too afraid as they see the price keep dropping. But probably, they must have known about it's volatility.

Secondly, getting orientation about Bitcoin investment isn't bad, yea, but that shouldn't delay or deter you from starting. Am pretty sure that a newbie who has figured out his discretionary income can start up his investment and along the line figure out a whole lot of thing. A major or paramount concern for the newbie after figuring out his discretionary income is; his income allocation and management. His ability to know how best to allocate his income to his investment and also meeting up with creating an emergency funds and his own personal discretionary needs. His ability to do this will help to make him invest peacefully and allow him invest consistently. However, he can learn and figure all this out gradually while already investing.