All I can is about bitcoin is that it's thrilling to hold, you would feel mixed emotions every year, you could be happy, depressed, frustrated, sad, but beyond all of that, bitcoin is still the one who manage to remove all of that unwanted emotions that we felt in just one swoop. By imagining how much bitcoin could grow 10-20 years from now, it's exciting and scary at the same time.
I'm holding most of my bitcoins and altcoins since 2017 and sometimes I'm having thoughts if I should sell it now, but my experiences keeps reminding to hold because there is a big fortune ahead.
Topic: Bitcoin: Stress and Happiness - page 8. (Read 2966 times)
Bitcoin becomes part of my daily lives and with it’s volatility of the price I’m not stressed at all. Rather a chance to accumulate some btc during downfall. When you are new in trading and know nothing it is more stressful seeing the fluctuation of price. When encountering difficulty in trading we can manage it by on focus to earn profit. Also by having confidence in bitcoin and can control your emotions, you will not feel being stress.
You'll only get stressed if you don't know the drill of when to buy and when to sell. Everything challenges would result in success in time.
All in the right time, whenever I feel stress I just think of those people who mine years ago and did'n bother at all about bitcoin, some use it to buy pizza, some just forget about it and some just hold till they became millionaires without them noticing. See, it relieves me now from stress.
Yeah, bitcoin just became part of our lives. The changes of its price became sometimes the decider of our mood or emotion. But it also changes when we are exposed to the volatility of bitcoin. Before when the price goes down, we get really stressed because we are thinking that we will lose a lot of money, but because of experience, we now seize the opportunity to buy bitcoin at low price so that when the price goes up, we will earn better.
The stress can come if you put your mind only to profit. In trading, there is room for loses too because it is a fluctuating business. Also, if we take away too much greed and high appetite to risk, it will help us not to be stressed if we are losing.Again, it should be like game for we to do well more than losing.
I will feel stressed when experiencing while waiting for the price of bitcoin to rise for too long, but stress will turn into happiness when the price of bitcoin rises.
so stress and happiness will exist in the world of cryptocurrency and occur due to various reasons and problems of each of those who experience it.
so stress and happiness will exist in the world of cryptocurrency and occur due to various reasons and problems of each of those who experience it.
How do you manage any possible stress coming from Bitcoin's volatility?
I dont mind the stress as long I gain my profit with my holding.. I do an option which is for my short time investments and long term investments. I divided my funds in to two options so in time I need funds I can choose my short time investment so if btc will up I dont have any regrets because I hold for my long term investment. that's how easy you can avoid stress and negative thinking. just make your own way to avoid it.
Bitcoin can make you stress and happy, when price is grow up you will be happy because you get profit but when bitcoin down you stress with lost much money in bitcoin investment. You need to back up your money with other investment when bitcoin down your earning still run with other investment but if you don't have other passive income you will be stress when looking bitcoin of your investment have lower price and you lost much money with bitcoin.
Setting up proper mindsets before you take your steps inside this market, you should not take part of something you really understand. From that point, learning is a must to avoid stressing yourself once everything is already rolling with your investment. right attitude towards the future success that you are anticipating helps you to be calmed in any market movements. Not to excited, but thinking wiser enough to enjoy your stay.
~snip~
Stress is not good that you transmit it to your market analysis, because I recommend that you leave a part in Hold and another part of Bitcoin to speculate in the market. Do not be guided by what the Apple co-founder does, it was his decision to do what he did with his Bitcoin, the stress occurs when you are speculating in the market and things do not go well, what you should do is simply analyze the market Regardless of the news, just with your arguments, sometimes listening to messages, watching news or following what an influencer does is bad.
Base yourself on your analysis and your trading plan, I recommend that you do long and medium term trading, you are less likely to suffer stress and have no anxiety to see the price rise, remember that the market is often moved by emotions, and That is what you should realize to do the opposite later, since this is how the whales think.
when I first entered into the bitcoin exchange in my country. on the web cover it was announced "Bitcoin trading is very volatile, all risks are at your own responsibility. close if you don't have knowledge, or learn before trading" when I registered and tried trading. that's very happy. because it gives profits quickly, but when I go back to buy and have to fall ... I am very stressed. from then on I learned, and began to understand. so at the moment I trade calmly, despite being down trend and stuck. for believing it will come back and benefit me. waiting for a happy ending with bitcoin.
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?
It doesn't have to be this way, nothing will change the way Bitcoin performs in the market, it always goes up and always goes down, it's how we educate and prepare ourselves before we entered the market that makes the big difference, is has been said a million times, only invest what you can afford to lose, if you have this thought and you are prepared then you have no problem if the market goes up and goes down.
This is really true and I agree with it. Bitcoin was the one who give me financial freedom since before I met bitcoin I was drowning in financial debt. With bitcoin coming into the picture I have met many online jobs that pays bitcoin and that has helped me a lot to pay all of my debts and provide the needs of my family. Bitcoin was my financial savior and it was truly a bliss experiencing bitcoin in my life. But at the same time it also stressed me out since I have less slip doing trading and research and other online bitcoin related jobs. Aside from physically stressed, mental and emotional stress was also there since when bitcoins value was going down my heart beat is racing and I cannot sleep at all.
But overall I am happy with bitcoin.
But overall I am happy with bitcoin.
If we trust Bitcoin why need to stress yourself!?and for 10 years of existence?we have already seen all the sides and we must understand the routine
Overall, I think that people are never really satisfied.... if they lose they are obviously upset and stressed, but when they profit they are upset too because they blame themselves for not having invested more.
The main problem is that a lot people who entered into crypto haven't had any prior investing/trading experience, so they mess around and lose. Most will lose and leave while the minority profits and continues to stay.
You won't actually get stressed if you know how to deal with the changes. Bitcoin is always challenging so it's either you get stressed or enjoy it. In my case, I'm actually enjoying it and I've learned a lot from it. You'll only get stressed if you don't know the drill of when to buy and when to sell. Everything challenges would result in success in time.
Stress when losing but happiness when profiting so what’s new?all we have to do is balanced both.be ready in Dumping but be aware of Growth to follow
When the market is falling?al I do is not to look in any exchange so I prevent myself from being stressed .because that’s the reason why many are in panic mode because of updating always the movement
If we trust Bitcoin why need to stress yourself!?and for 10 years of existence?we have already seen all the sides and we must understand the routine
When the market is falling?al I do is not to look in any exchange so I prevent myself from being stressed .because that’s the reason why many are in panic mode because of updating always the movement
If we trust Bitcoin why need to stress yourself!?and for 10 years of existence?we have already seen all the sides and we must understand the routine
trading is very fun because I can get a lot of profit from trading, trading must be calm and do not let you be affected by bad news or affected by the situation at the exchange, as long as you can control your calm you will get a lot of profit, follow the movements of rising and falling prices and must take advantage of these movements.
How do you manage any possible stress coming from Bitcoin's volatility?
It could be really stressful for someone who holds a large amount of Bitcoin but that is the sacrifice you have to endure in order to gain from your investment, if you truly believe that Bitcoin will make a new ATH then don't monitor the price daily and just use some available tracker Apps that alerts you whenever Bitcoin price surge to be updated since the value of Bitcoin can change in just few hours.
Don't let the bad news ruin your belief and trust about Bitcoin but think that it is only a hindrance to Bitcoin's success.
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?
there is one more thing in a man life which cause almost same emotions of stress and happiness. a Wife.
see, a started this word with a capital "W". just in case, you know.
as per your question, I remember that I lived in crypto in 2017. I knew every minute exchange rate for many coins to btc, a lot of deals were in progress and so on..
but once bitcoin went down, my everyday life slowly took over crypto. so yes, I have some btc, sometimes I do some deal, but not stress for me now, and that is really good. it is just a part of life.
see, a started this word with a capital "W". just in case, you know.
as per your question, I remember that I lived in crypto in 2017. I knew every minute exchange rate for many coins to btc, a lot of deals were in progress and so on..
but once bitcoin went down, my everyday life slowly took over crypto. so yes, I have some btc, sometimes I do some deal, but not stress for me now, and that is really good. it is just a part of life.
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