In any type of investment every investor can feel both stress and happiness and I call it normal.
Been investing here for many years, I think I started in 2015 so I have experience different market movement, the bullish and the bearish and one thing I learn is to always have a short term and long term investment and don't be greedy when the right time to sell will come, just push the sell button and enjoy it as holding forever would never benefit us.
Topic: Bitcoin: Stress and Happiness - page 10. (Read 2966 times)
How do you manage any possible stress coming from Bitcoin's volatility?
very easily! by investing what you can afford to lose.
most of the reasons for stress is when people have a lot of money at stake but if you had something like $10 bucks at stake you wouldn't really stress over it that much.
How do you manage any possible stress coming from Bitcoin's volatility?
I'm not getting stressed at all when bitcoin volatility attack, instead I became happy that it is moving either down or up. I like it when bitcoins price goes down because I get to buy more and later on profit more and I also like bitcoin price going up because of profits( who doesn't like bitcoin pumping Lol).Almost everything in our world is both a source of stress and happiness so if you get used to it it will just be normal for you and won't affect you at all.
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No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.
How do you manage any possible stress coming from Bitcoin's volatility?
Simple. Store your BTC in cold storage such as Paper wallet, Trezor or Ledger then stop visiting the crypto website. In my case. I left my trezor to my relative's house which they didn't know what really it is so that I don't have access to it whenever I'm tempted to trade or sell some. Right now I'm focused on buying BTC using my salary in my job and directly store in my cold storage. Wish me luck that my wallet is in good condition/safe or else I will be fck up my life savings.
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Just buy and forget everything.
In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.
On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.
No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.
How do you manage any possible stress coming from Bitcoin's volatility?
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