Post
Topic
Board Beginners & Help
Merits 3 from 1 user
Re: Current scare affect the decision making of starters.
by
Issa56
on 24/08/2023, 18:16:17 UTC
⭐ Merited by The Sceptical Chymist (3)
Can't blame starters to get scared about the current condition of bitcoin since no one like to see how the market move in negative direction but they should know that there are some ways that can make them avoid losses and that is.
It’s normal for beginners to be scared of the current dump happening, it once happened to me when I was a beginner, and I was also scared. It's not really easy to see your money dropping, but beginners should have believe that the dump is just temporary and with time it will bounce back. If you are a professional, I see no reason why you should be scared of the dump because it’s not a new thing. Everyone that has spent time in cryptocurrency will understand how it works, and they don’t have to panic. It's annoying when I see professionals panic when bitcoin dumps. They have the experience already, and they should know it will bounce back no matter how it dumps.
 
So I am encouraging the newbies just joining cryptocurrency to have patience in the current market conditions. They should just keep on having patience, ignore their wallets, and stop checking them frequently.

Fund management if they can able to grab for another funds they can set aside their funds experiencing some down turn and use an extra money to play with the market again and earn.
You are encouraging the newbies to grab extra funds to play with the market, but I believe that’s a really wrong idea. The market is currently really dangerous, and don’t be surprised if the market ends up playing with them. If they have extra funds, they can just invest more and ignore it, but don’t try to play with the market.