I certainly drag you into doubts if you will keep asking yourself about "What If?" You can't live crypto with that but making you out, you can't make the right decision if you feel like that. I suggest to OP is to keep calm in every dump you see, avoid FOMO, and you should trust Bitcoin.
You can certainly hear bad news around, ignoring them is the best solution to make you straight of what you are aiming to happen. You can't expect a good result if you keep bothering your mind with doubts. Just think about the positive sides and tried to know the life of successful Bitcoiners.
Topic: Bitcoin can play tricks on your mind - page 7. (Read 1267 times)
That's why being a holder is a mental game, you really need to be tough as nail because for sure those ideas are going to pop in your mind. So psychologically, it will be a battle inside of you. But you are going to overcome it eventually. You will just have to think of the long term scenario. Just think of how many early bag holders have regrets selling their bitcoin prematurely, specially seeing two bull runs. So there could be more bull runs to come. So look for the long haul.
There is no possibility of Bitcoin crashing to zero. You just needs to be cautious and not be taken away with the present surge in price. Where possible, always take profit.
All of us would really be having those kind of doubts in their minds where we dont know on where prices can possibly end up.If we do saw that we are already profiting
then we have those thoughts that we should really cash it out instead of getting those profits back into negatives when the price tend to revert or go to the opposite side.
If you do come into this market and have that only one goal is go HODL! then you wont really be bothered on these things.You would hold no matter what and what price
you had bought your coins.You do aim for more years to come and wait for that significant target that you've been or all of us waiting.
then we have those thoughts that we should really cash it out instead of getting those profits back into negatives when the price tend to revert or go to the opposite side.
If you do come into this market and have that only one goal is go HODL! then you wont really be bothered on these things.You would hold no matter what and what price
you had bought your coins.You do aim for more years to come and wait for that significant target that you've been or all of us waiting.
After this latest run I thought about taking profit to get my original stake back, which is about 25% of the current value.
But then I start thinking "No, that 25% could eventually be worth many times more in a few years...".
... but then I think "What if bitcoin crashes to zero, isn't it best to take my original stake out now?"
... and then I think "no, don't bother, if it does crash to zero, it won't happen in a flash, and you could still take your original stake out on the way down."
Sheesh! Apart from Bitcoin, I've always bought risky shares, and I've gambled on sports... but I've never suffered these sort of mind games as you do with Bitcoin, and I imagine the only similar thing is penny stocks.
Does anyone else play these scenarios out in their head?
But then I start thinking "No, that 25% could eventually be worth many times more in a few years...".
... but then I think "What if bitcoin crashes to zero, isn't it best to take my original stake out now?"
... and then I think "no, don't bother, if it does crash to zero, it won't happen in a flash, and you could still take your original stake out on the way down."
Sheesh! Apart from Bitcoin, I've always bought risky shares, and I've gambled on sports... but I've never suffered these sort of mind games as you do with Bitcoin, and I imagine the only similar thing is penny stocks.
Does anyone else play these scenarios out in their head?
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