Bitcoin: Stress and Happiness - page 3.

panganib999

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Quote from: joelsamuya on October 14, 2019, 03:21:09 AM

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?

Cryptocurrency isn't really stressful, its the activities and events inside the crypto space that has the chance to be stressful. If you're trading you'll feel more than stress, you'll be excited, stressed, frustrated and anything but then will also feel pleasure due to the good outcome and profit. I usually handle stresses lightly and don't take it that hard so I won't have anything heavy inside me. I'm not letting stress get inside of me and tell me what I should feel.

virasisog

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Quote from: joelsamuya on October 14, 2019, 03:21:09 AM

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?

I also had experience a lot of happy moment and decent earnings but vice versa i have also lots of regretful decisions and mind buggling losses.
Having a pause from all crypto related activities and travel out of town just to relax, forget and accept, helped me maintain my sanity. Cheesy

bitbunnny

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If you are involved in Bitcoin, especialy as a trader, it's inevitable that you will feel both. You can't escape stress and happines comes as a reward for successful trading and profit.
The key is to maintain the balance and not to allow the stress to become dominant. But for that takes time and experience, to learn how to control emotions and to to hurt yourself with too much stress.
In the other hand the right amount of stress and exciting could be a motivation to move further.

Ashong Salonga

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Stress and happiness are two emotions than you can experience in handling a bitcoin. Why stress? You can it experience due to the inconsistency of bitcoin; bitcoin fall without any explanation why. On the other hand, happiness, you can feel it every time bitcoin becomes higher.

imstillthebest

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Quote from: ashmodeus on October 19, 2019, 11:55:11 AM

oh come on bro , I am one of the millions of humans trapped in the abyss of 2018.

we are now on the year of 2019 and your still trap on the past ? come on dude get out before you get swallowed . sometimes moving on is the best solution .

Quote

i know exactly what kind of stress what u mean.

i didnt know that stress have many kinds . stress is stress imo

Quote

but well,fishing on the river.
put my smartphone on the cupboard , i just using cell phone nokia standard when i go everywhere.
stay away from internet is the best thing.

is that a qoute ? or is that your life style , i mean are you a fisherman ? but the idea of using old phones to avoid internet is good so that you wont be distracted . if we dont have internet or smartphones , we cant possibly access the world of cryptos which can only give us a stress if we dont like what we see .

ashmodeus

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Quote from: joelsamuya on October 14, 2019, 03:21:09 AM

---
How do you manage any possible stress coming from Bitcoin's volatility?

oh come on bro , I am one of the millions of humans trapped in the abyss of 2018.
i know exactly what kind of stress what u mean.
but well,fishing on the river.
put my smartphone on the cupboard , i just using cell phone nokia standard when i go everywhere.
stay away from internet is the best thing.

inanilujimi

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for me how the trust that investors have built for bitcoin will determine the mindset of investors.
basically bitcoin does not promise happiness to every owner, but bitcoin can make the owner happy.

matchi2011

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Quote from: ufaiz50 on October 19, 2019, 04:28:54 AM

Bitcoin is the highest risk investment, volatility or rapid fluctuation is the reason. As you said bitcoin can bring happiness and pain as well. That again, for me volatility in cryptocurrency is a risk, so stress is normal. When I'm stressed out taking time for a vacation is my way to achieve happiness again.

When you are stressed it's best to quit for a while and forget about previous losses, don't allow yourself to engage too much with such failures as it will not do anything good but only regrets that you failed your position.

Try to cheer up and let those good things to keeps you in the positive side.

ufaiz50

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Bitcoin is the highest risk investment, volatility or rapid fluctuation is the reason. As you said bitcoin can bring happiness and pain as well. That again, for me volatility in cryptocurrency is a risk, so stress is normal. When I'm stressed out taking time for a vacation is my way to achieve happiness again.

Xxmodded

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Quote from: Coin_trader on October 14, 2019, 03:49:03 AM

Quote from: joelsamuya on October 14, 2019, 03:21:09 AM

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.

Keep holding in ledger wallet and top opening anything about bitcoin site, maybe when open next two years later price will be higher or pump, less possible next year you will get back your 2 bitcoin, but for five years later maybe possible bitcoin price back above $20k and you can get back your money, why not you sell last two years when price want going down and you just lost little your money than you have lost half now.

Wysi

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Quote from: Murat on October 19, 2019, 03:09:02 AM

When you're going to make a plan for a business purpose then you have to face both stress and happiness, every coin has both sides, you should consider this one when you are in this type of platform, Bitcoin is more than that because still, it's not a mature platform anymore, so the price ups and downs are a normal case, you don't call this situation as a stress, you have to manage it properly, again you will see a good thing in this platform then you should not be excited too, every moment is important for you, you need a proper plan for the future vision, for me, Bitcoin volatility is getting a normal issue because I've seen as like you almost 4 years, so it has to be taken very normally.

Yes but don't you think it's time for the next level as we are familiar with the constant fluctuations and kinda used to it but on a longer run we still have a long way to go as you mentioned it's not mature enough. Market will become more matured if the users become mature and stop panic selling and believing in fud.

Murat

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When you're going to make a plan for a business purpose then you have to face both stress and happiness, every coin has both sides, you should consider this one when you are in this type of platform, Bitcoin is more than that because still, it's not a mature platform anymore, so the price ups and downs are a normal case, you don't call this situation as a stress, you have to manage it properly, again you will see a good thing in this platform then you should not be excited too, every moment is important for you, you need a proper plan for the future vision, for me, Bitcoin volatility is getting a normal issue because I've seen as like you almost 4 years, so it has to be taken very normally.

Doell

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your right stress and happiness well this stress triggers ourselves always try continue to conduct market research to achieve happiness ,without stress we will not feel happy and it is normal if we all stress in trading ,the wheels turn in place and we can certainly be happy again by continuing adopt bitcoin

Maslate

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Quote from: Irvinn on October 18, 2019, 12:56:13 PM

I think that the most stressed person is the person who invested more of his money in Bitcoin than he should have allowed him to do so. Of course, the positive result of investment and trading always brings joy, but using a cryptocurrency business is almost like roulette, and if you bet more than you can afford, you need to be prepared for stressful situations if problems arise.

Bitcoin has made us experienced stress and happiness with its bullish and bearish season. But if we are able to invest only what we can afford to lose, we will not be so stressful like those investors who even used their lifetime savings just to invest in bitcoin. This is just normal for all investors to get stressed for some time but if bitcoin gets you stressed all the time, i think you should refrain from investing in bitcoin.

Magkirap

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Quote from: joelsamuya on October 14, 2019, 03:21:09 AM

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?

I guess we should just accept the fact that there is a poasibility that you may lose youf funds in bitcoin because of its voalatility. Stress do nothing, what you can do is to be startegic next time. Maybe you should not refer only with bitcoins, buy other crypto and balnce it. You can have 4 cryptos and balance it 25% each. If a certain crypto drops its value then buy some of it so that if its price back no normal you will have a profit.

Dabs

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I was happy around 2016 to 2017, even up to early 2018.

I got stressed out all the way from then till today due to watching all my holdings crash.

I shouldn't be, since all my coins and altcoins were somehow earned and not strictly bought, maybe except those other ICOs I got into in 2015 to 2016.

Irvinn

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I think that the most stressed person is the person who invested more of his money in Bitcoin than he should have allowed him to do so. Of course, the positive result of investment and trading always brings joy, but using a cryptocurrency business is almost like roulette, and if you bet more than you can afford, you need to be prepared for stressful situations if problems arise.

Ryker1

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Quote from: Oceat on October 18, 2019, 12:19:16 PM

Quote from: todiboa on October 17, 2019, 02:19:33 PM

Quote from: Cityhunter123 on October 16, 2019, 04:03:29 AM

Trading is a mix of stress and happiness, but that's life

Everyone is chosing his own way of making money. Trading is an unpredictable result, it is a kind of casino, so stress is inevitable. Everyone who is going to do this should understand that it is hard and steals nerves.

Out of those stressful moments is a happiness once you gain some profit when trading. Although not everyone is a trader but once you choose this kind of profession all of your hard work will pay off in no time. You just really need a dedication to love your work and that's all. Wink

Well Yes, That's right. In bitcoin price, you can experience being stress especially when the price drop down and you need to wait for a very long time for its price to rise up again. On the other hand, You can experience happiness as well especially when bitcoin double its value, In that way, you can be able to earn a profit from your investment IF you can patiently wait for the right time when bitcoin price surge in the market that we are all expected.

Oceat

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Quote from: todiboa on October 17, 2019, 02:19:33 PM

Quote from: Cityhunter123 on October 16, 2019, 04:03:29 AM

Trading is a mix of stress and happiness, but that's life

Everyone is chosing his own way of making money. Trading is an unpredictable result, it is a kind of casino, so stress is inevitable. Everyone who is going to do this should understand that it is hard and steals nerves.

Out of those stressful moments is a happiness once you gain some profit when trading. Although not everyone is a trader but once you choose this kind of profession all of your hard work will pay off in no time. You just really need a dedication to love your work and that's all. Wink

superman25

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It is very true what you say, Bitcoin has given many moments of joy to tens of thousands of people, but also disappointments, this is a fairly volatile market and Bitcoin is one of the most sensitive cryptocurrencies, if you bet in the medium and long term, you have greater chances of winning

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