There is absolutely no way anyone can know exactly what is going to happen. Many will claim to know this is the end, and many will fall prey to that fear. Its normal for all of us to feel scared, to worry about our future. In truth many have invested a lot into cryptocurrencies and looking at the markets today cannot bring anyone any comfort.
I realize that many who participate of the cryptocurrency space do so with very little understanding of how trading works. Trading, speculation of assets is currently the main driving force behind this market, since many of the projects rely on the liquidity it brings. I say this, only to say that because not many understand, it’s completely normal that most people feel like a day with double digits into the red might be signaling some sort of end.
Thinking like an investor
In situations like this one is imperative, even if it feels very uncomfortable. Acting in desperation, selling the crypto you hold in fear is exactly the opposite of what an investor would do. In other words, we can boil this down to one simple question.
Why would you sell at a loss?
Of course I understand that some people took a gamble when they bought into crypto. However, the current fear you might be feeling might be telling you the gamble you took was not the one you should have taken, and that might be the bigger lesson hidden here.
Remain calm
If you understand the technology, a red market like today should not be the reason why you all of the sudden lose all faith. If you’ve lost it, it might be a sign you have not fully grasped what the proposed solution is all about.
There are many individuals that like to call cryptocurrencies as a whole a scam. Their criticisms are laughable because they accuse cryptocurrencies of the very things the US Dollar is in actuality. Thinking critically, it's impossible to not wonder, what are the agendas at play.
If you can wait, wait…
The bull market is coming, everything in life is a pendulum and that is something hard to deny. I’m only saying this because I was looking at some exchanges at the moment, considering a point of entry noticing the sale walls taking over my screen. There are currently two Orca’s worth of STEEM waiting to be purchased on Bittrex.
I ask, and I ask this sincerely. How many investors do you think are selling today? I can almost guarantee the answer is none.
I’m getting ready to buy some more Steem myself. I’ve set up my purchases, and I’m ready to ride this wave. I’m hesitant to call this advice, as this is not my place and I’m no financial adviser, but in my personal opinion, today is a good day to buy STEEM and power up. Today Steem is on sale, and I for one have decided to celebrate.
Steem on friends...
what a great post I am so encouraging by reading this post
I feel the frustration of people in this market. I am not financial advisor but I want to suggest that take advantage of this price because we may never this price as low as this day. Technology is what will drive this market as long as they continue giving quality we expect the price will rise again.
I take my own advice and purchase another Steem coin few hours ago if you check in the history of my wallet. Like Warren Buffett said If you dont think you can hold a stock for 10 years, dont even think to hold it for 10 minutes... You will never buy a land of farm today and sell it next week. Buy more steem!
Very well said . People loose patience and that is the biggest reason of crypto to fall as we are the one's who are making whales more powerful by selling our stocks .
right said brother
Sir mera account 1 years se h but guide ni kiya kisi ne
I agree with you completely! I am buying more of Steem Power for additional influence and Dollars to invest back into the community. Skin in the game!
great job!
ok then, I think this is as good a bet as any other investment. I'm in too!
Patience is a just a watch word for any investment.it pays in a long run. a journey of a thousand mile start with a step.buy steem today and watch it grow
Excellent. I am not buying afresh but I am not selling. And in fact I never sell when market go down.
holding is also one power to beat whales
yup
The key is always to trust intuition, we are far advanced species than most of us think.
Always people want earn more money in short time . When crypto currency goes high at that time they all enter and thin our money goes double in a month . But they don't know it ye to goes down fall of crypto currency .. at that time they loose his patience.
Very well advice @hiroyamagishi you really walk the talk...because of that I am encouraged to buy more Steem and power up ,too. Thanks also to sir @cbartist for the insights.
Dont bother kissing hiro's ass his 1 dollar upvotes are just for his own comments
I want to extend my position on steem because for doing I can help more people like the country Venezuela. If you check my wife blog @fatimajunio we are supporting the people by upvoting their comment and giving some dollar everyday. 6 dollar a month salary in Venezuela is inhumane. You maybe seeing me upvoting my own comment but the fact I am not powering down so I can help more people in need.
leading by example! good job
I bought another 😂🤣😅
I bought another 😂🤣😅
I bought another 😂🤣😅
Great said it's time to purchase Bitcoins in dip and hold for great profits
wow
good explain sir
Yes truly now is the best time to enter. Congrats on your purchase keep powering it up.
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Good. Think like an investor.
Emotions do not need domination, they need understanding and to be felt. When you truly and unconditionally accept your felt responses, you will be able to open to intuition - the same as is used by remote viewers and which has been used to correctly predict and profit from future price changes. ;)
perfectly said... funny enough I was just learning about steem ocean yesterday and here you are! good job... i'm still learning the ropes of this ecosystem and all the dapps witnesses have created to help it grow.
Excellent, thanks and thankyou for your synchronicity ;)
I see you are a musician and producer too - please to make your acquaintance - Followed!
BTW, if you have a spare witness vote slot and like what I am doing - I'd be grateful for the support with a vote. Another synchronicity is that I just posted a witness update to let everyone know what I'm up to, so you can have a read there if you like.
I look forward to reading more from you soon.
Happy to support your witness @ura-soul . Just finished reading the update, you've been staying busy. Great work!
Usually, the weak hands are those new to this kind of business but if they only learn and familiarize the way on how it plays then they will surely not sell their coin at a loss price but hodl and have hope that it will rise soon.
patience is the name of the game...
interesting ..
The worlds communication sites is different from the real can not compare
What is important is your work
Thanks for sharing this with us..
That's a very inspiring post, the cryptocurrencies is very low at the moment but i won't believe this is the end, life is always up and down so the crypto is. This is a great time to buy more steem, we just need to be patient and trust the process.
Totally agree , I was dying lol
.
Good day, I will like you to share more light, why crypto price are going down.
Exactly what I did as well. I bought Steem... It’s on sale... so why wouldn’t I?! In order to navigate the new money we are all going to have to learn how to trade in and out of assets when the need arises... or just buy what we really want to buy when it’s a good price. Steem has so much potential! So I’m buying! #TimeToStockpile
Great information and good thoughts. I think crypto currencies will be the fulture and we just have to be patient. I will buy more. I just don´t know when. Now or will it drop further. I´m going to buy more VEN, ETHOS, ICX and put some new coins into my portfolio: ZCO, ZIL, POE. And ONT when it goes below 5 USD. What does the others think about this? Resteemed.
I think the main feature of all this is ignorance, not knowing well what this is about the cryptocurrency, rumors are generated and people out of fear are carried away by them and rush to make dire decisions.
That and spending more than you can bear to lose. If you spent too much, it won't take much to scare you away. (All opinions my own...not financial advice) 🤣🤣🤣
Hope of everything will be good is very important and it will be revolutionary and rewarding when time will be good.
No emotions I be on my Tim Duncan!
Thanks for this @chbartist.
Since we are emotional beings, the fear for loss is really a loss. The hope for gain is the best road to trod
Cheers
My Poker coach always told me that loseing 1$ feels as bad as winning 10$ does feel good. That s why most people playing Poker are unhappy if they can t controll their emotions.
We may be in the seventies of the last decade, for the age of electronic currencies, but we are moving quickly to the new millennium. No one can really predict the future
Yeah, you right. It's the best time to buy steem .
I belive that the idea is not only The Fear of Loss, we should try to control as much as possible the information to make investments based on analysis if we can use tools when we make some innvesment Of course results will be better. Thanks a lot for sharing this info
Yup, I have never really understood the people who sell when something shits the bed, since it is worth so little you might as well leave it alone, it can't go down that much more, it can either die completely or it will come back, if it dies completely you didn't lose that much more but if it comes back then you will have massive gains.
You don't make or lose any money until you sell something, best to HODL. If STEEM gets down to a dollar I am going to buy a bunch, why not?
If it goes down to a dollar, I will be breaking into my savings! kkkk
At this rate it could be next week!
موافقم. اگر دنبال ریسک کردن باشیم باید قبول کنیم که احتمال ضرر هم وجود دارد
تشکر از پست خوبتان
به نظرم خیلی مهم تست که بتوانیم از ازادی شخصی و حریم خصوصی خود دفاع کنیم و اتحاد و حمایت همه کاربران رمز اصلی این تلاش جمعی
This post isnt worth 660 dollars
dont worry bidbots are negative ROI at the moment, I'm trying help people be calm. Good news, nobody made money!
And I bought more steem, I'm doing my part to keep the boat floating.
Cheers
Im new to cryptocurrencies and still over thinking instead of going in head on. Posts like this are really helpful and empowering, I will be watching and following great posts like this. Any advice is always accepted with gratitude. Thank you
Thanks for giving motivation
To be frank, I'm kinda scared with whats happening to the cryptocurrencies. I've just started to invest recently but i think I entered at the wrong time :( Anyway, thanks for this.
If you entered in the past month or two then you entered while currencies are at bargain prices.
I’d only be worried if you bought a bunch of shit coins.
that's right, well said. In my opinion the best investments are those with implemented solutions. many coins are just lotto tickets.
This is precisely why I feel comfortable buying steem, the network, the people, everything is here.
Yes exactly, and the more steem you hold the more you can earn with it. It's insanely unique and has a tonne going for it.
I also hold BTC given that it is much more stable during bearish markets and some IOTA and EOS.
I still consider IOTA a bit of a gamble since they don't have a working product yet.
I'm of the opinion IOTA is doomed. I like the idea, but it won't deliver all it promises. That's my perception of the project in any case.
You're quite possibly correct. I've been thinking about converting the coins back to BTC but have been waiting for a turnaround in the market.
Yes, I'm with you. Time to celebrate. A new cycle is on its way and patience is the key :)
Wow! This post is very helpful. Especially for newbies like me. I just bought some cryptocurrencies about a month ago and ever since I've been restless because of the decline in prices and market capitalization. I was also told about steemit by a friend. I joined this community some days ago, and now i'm getting good advice when it comes to managing my emotions. Thanks a lot. I'm hoping to see the bulls in the future. Thank you very much @chbartist for your advice
Hii
Many people say strength is the key to success but I feel person who can control his emotions in both good and bad times is the one who succeed.
Its truely said that you should not make any decision whenever you are too happy or too sad because these too emotions makes us flow and we do not understand wheather we are doing right or wrong.
Really nice post sir..
99.99999999% of people put their money in Crypto because they saw Bitcoin ...If bitcoin is in trouble....this is not good...on first sight...
let's wait
This is the most important lesson for new traders. Learn the physiology of a marketplace and how to set your emotions aside.
Do not let your emotions vote!
Investing is so much more than intelligence. You need some sure, but after a point intelligence doesn't do as much for you. Skills like mindfulness, and self control will allow you to ride the storms and make lucrative decisions when everyone else thinks the sky is falling.
Woww... Ini berita bagus
Definitely agree! Been adding a lot of alts mostly ETH. Great post! I posted something quiet similar to this the other day
Sehr gut gesagt . Die Leute verlieren ihre Geduld, und das ist der größte Grund dafür, dass Crypto fällt, da wir diejenigen sind, die Wale durch den Verkauf unserer Aktien mächtiger machen
Please subscribe to me and then you will be waiting for the newest and current news!
people should must keep patience in terms when they are investing in cryptos.
yeah I agree with you.Sometimes I also get frustrated but after that I try to come back.Your post will inspire me.Thanks man!
the greatest risk is "not taking risk" ...just have to put in the best, hope for the best but prepare for the worst.
Excelente post, @chbartist.
You have recieved a free upvote from minnowpond, Send 0.1 -> 2 SBD with your post url as the memo to recieve an upvote from up to 100 accounts!
You got a 23.05% upvote from @postpromoter courtesy of @chbartist!
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Yeah, that's true
big sacrifice brings great income
Wow thanks so much for encouragement for minnows like me. It's sickening staring at the red charts but this gives me hope that the bull is coming. Thanks @chbartist
You got a 49.81% upvote from @upme thanks to @chbartist! Send at least 3 SBD or 3 STEEM to get upvote for next round. Delegate STEEM POWER and start earning 100% daily payouts ( no commission ).
RN I only have a hope of gain.
Because STEEM can't fall more
Please help vote Me to Brother
Because my article nothing vote 😢
Could it be because you posted a picture of a few boxes of spaghetti?
LOL how could that not go viral?!
This post has received a 47.40 % upvote from @booster thanks to: @chbartist, @chbartist.