Topic: Bitcoin's price, and mental health. - page 12. (Read 3587 times)

YOU LOSE YOU MONEY IF YOU DO NOT SELL !!!!

What a " feel good " but false emotional statement Artemis3 makes.   A good, rational investor knows when to take money OFF the table, lacking this skill can result in getting totally wiped out.   NORMAL does not exist anymore, the world you knew is OVER.   Welcome to the great depression, the last one lasted well over 10 years.   I am sure many people will need their money, rather than just lose it all.

I am also sure there are many that were laughing at me last week, that are a little worried now.   I see it in the responses, less ridicule and a little more thought by a lot of people here.

Hard Facts

This is a pressing matter, if you are depressed or feeling bad about the plummet of the current market, need not worry for things will hopefully turn to good things. Being depressed because your current portfolio is downed then just have a little hope. You can't afford to lose yourself amidst the crisis, financial stability is important but mental stability is the first priority. Take care of yourself, unwind, read a book, watch a movie, bond with your family or pet.

It is true that what happened with the drastic decline in the price of bitcoin made some people stressed and experienced mental health.
This has become an important issue, which must be immediately sought a solution. Because it is dangerous if this condition is left, in my
opinion better before investing, especially newbie must be educated in advance about the risks of investing in cryptocurrency. So when
market conditions are bad like this, investors are better prepared mentally to get through this bad condition.

That is the importance of preparation in facing the worst situation. When we only think of profits, investing or trading without a strategy, it will bring huge losses. When we ignore the principle of never investing money that you can't afford to lose, be prepared to deal with stress attacks when expectations don't match reality, lose everything. Do not let it happen, prepare mentally, it's better.

It can really create a stress in the minds of people especially investors, seeing how huge the dip is recently. But to somewhat lessen your worries, keep in mind that you still have the same amount of Bitcoin, and it is just the market price which is falling. What's the point? It simply tells us that the opportunity to regain the loss, and if ever, earn profit someday is still existing. We, as investors and holders, just have to be patient in order to be able to wait for that time again that the market value will reach its all time high. We should also look at this situation as a good time to invest , if you are really into cryptos. Just remember the previous drawbacks in its market price. The price will surely rise once again and the only problem we should see, is the time we will spend, waiting for that day to come.

The disadvantage of this situation will be felt by those people who made cryptoinvestment their primary souce of income, which should not be done by anyone. Bitcoin's market value is way unpredictable due to its nature of volatility, and that is enough to say that the profit from investing will not be consistent, contrasting the requirement for a primary source of income. It should just be looked at as a secondary source of income even if profit is huge whenever its price is increasing.

Of course, I agree with you, because you are really right.  Few people pay attention to their mistakes and show a desire to continue to risk their last money in the hope of getting a quick and big cash.  I also have friends who are ready to take loans from banks in order to invest in the cryptocurrency, because they read too bright forecasts about the cryptocurrency market in the near future.  This is also happening today, in anticipation of the next halving.  But regarding the use of cryptocurrency by criminals in their activities, this fact really lays a heavy burden on the cryptocurrency market and its users, which makes it difficult to popularize cryptocurrency in society.  Most people “want” to hear bad things and pay little attention to information about the real value of cryptocurrency for society.

You do not lose anything unless you panic sell. If it is your own money, all you have to do is wait for the crisis to be over, i'm sure things will eventually return to normal (for bitcoin anyway).

Margin trading in another matter entirely, but people not using margin have nothing to worry. A good margin trader knows to set up stop loss and such things.

From 7.5k to 10k and back to 5k. Nothing to worry, it'll go back up eventually. Worry more about surviving the pandemy.

Sins matter only to those who believe in gods.

I don't feel bad about the crash. It's not some good news, I get it, but I got mu BTC for a few hundred dollars. If it ever goes down below 700 I'll feel like I've lost some money, but I still won't sell. Long time ago I thought about my involvement in BTC and got to a conclusion that I will never give it away for less than 10k USD. Even 10k seems cheap but if I ever really need money, I'll sell some. I sold about 0.2 BTC this year to have some fun with my profits but I still have 90% of all my money in Bitcoin and I intend to keep it this way.

As we enter investing on bitcoin, it is a must that we should set ourselves ready for any possible outcome. Whether it will be good or bad, let us always put in mind that what we entered is a risky business and you cannot always win. There will always be time where you'll lose large amounty of money which you can gain back as you hold your coin patiently. There's always hope amidst all the bad things occuring in the market at the moment. Don't let all these negative occurence conclude your future cause anything is possible and there will always be changes happening as time passes by. Take care of your investment but pay attention to your mental health also.

𝗬𝗼𝘂 𝗿𝗲𝗮𝗹𝗹𝘆 𝗱𝗼 𝗵𝗮𝘃𝗲 𝗮 𝗽𝗼𝗶𝗻𝘁. 𝗧𝗵𝗼 𝗜'𝗺 𝗻𝗼𝘁 𝘁𝗵𝗮𝘁 𝗸𝗶𝗻𝗱 𝗼𝗳 𝗽𝗲𝗿𝘀𝗼𝗻 𝘄𝗵𝗼 𝗯𝗲𝗰𝗼𝗺𝗲𝘀 𝘀𝘂𝗰𝗶𝗱𝗮𝗹 𝗻𝗼𝗿 𝗮 𝗵𝘂𝗴𝗲 𝘁𝗿𝗮𝗱𝗲𝗿, 𝗮 𝗹𝗼𝘁 𝗼𝗳 𝗽𝗲𝗼𝗽𝗹𝗲 𝗻𝗲𝗲𝗱 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁. 𝗜 𝗿𝗲𝗺𝗲𝗺𝗯𝗲𝗿 𝘀𝗲𝗲𝗶𝗻𝗴 𝘁𝗵𝗶𝘀 𝗺𝗲𝗺𝗲 (https://imgur.com/a/V9iCOrp) 𝗼𝗻 𝗳𝗮𝗰𝗲𝗯𝗼𝗼𝗸. 𝗗𝗼𝗻'𝘁 𝘄𝗼𝗿𝗿𝘆 𝗳𝗿𝗶𝗲𝗻𝗱𝘀, 𝗯𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗼𝗻'𝘁 𝗱𝗶𝗲. 𝗦𝗼𝗼𝗻𝗲𝗿 𝗼𝗿 𝗹𝗮𝘁𝗲𝗿, 𝗶𝘁𝘀 𝗽𝗿𝗶𝗰𝗲 𝘄𝗶𝗹𝗹 𝗴𝗼 𝗯𝗮𝗰𝗸 𝘁𝗼 𝗻𝗼𝗿𝗺𝗮𝗹 𝗮𝗻𝗱 𝗺𝗮𝘆𝗯𝗲 𝗮𝗯𝗼𝘃𝗲. 𝗜𝗳 𝗶 𝗵𝗮𝗱 𝘁𝗵𝗲 𝗺𝗼𝗻𝗲𝘆, 𝗶 𝘄𝗼𝘂𝗹𝗱 𝗲𝘃𝗲𝗻 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿 𝗻𝗼𝘄 𝘁𝗼 𝗯𝗲 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆 (𝗗𝗢𝗡𝗧 𝗧𝗔𝗞𝗘 𝗧𝗛𝗜𝗦 𝗔𝗦 𝗔 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗖𝗘). 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝘀𝗵𝗼𝘂𝗹𝗱 𝗷𝘂𝘀𝘁 𝗯𝗲 𝗰𝗮𝗹𝗺, 𝘁𝗵𝗶𝘀 𝗽𝗹𝗮𝗻𝗲 𝘄𝗶𝗹𝗹 𝗻𝗼𝘁 𝗰𝗿𝗮𝘀𝗵.

Hmmm, let's see in few weeks and months to come how btc will react to the Situation, btc has experienced several crash in price before separately from the entire economy but always recovers even stronger, and now that both btc and the economy are also witnessing the same crash, btc will also come out even stronger,
More people will still buy back because nothing else out there gives good profit than btc, you and I know that.
And that's a HardFact.

This is NOT, NOT, NOT a typical crypto up and down...

Bitcoin only has a history in a BUBBLE economy, where everything has been going up ( never in up in a straight line, but generally up ).   Bitcoin has never been tested in an economic CRASH before.   Now that this test has come, the lie of Bitcoin being a safe haven, or Digital Gold has been exposed.   The CRASH is going to get a lot worse, and BitCoin has a lot further down to go.  

TOTALLY OBVIOUS FACT:   More people are selling than buying.   Any rational person would be VERY WORRIED right now.   I have invested into Bubbles before, and lost a bunch of hard earned money      But I was rational and honest about my stupidity, educated myself, and never made that mistake again.

Hard Facts

Don't you ever think that it is the end of the world just because the bitcoin's price strikes a downward movement. Never do something that you will regret for because there's always hope for a better future. For sure that downfall is just temporary and all of the holders are hoping for that to happen. I know that it is normal to become stress about that but you should control your emotion and become strong. There's no reason for you to stop and think of the things that will affect your life. You need to be patient and stable just by thinking of your next move and next strategies for more transactions. After you suffer emotionally, just learn to move on.

It is certainly a tough nut to swallow, watching your investment melting down is never an easy thing to see but if you are already familiar with crypto ups and downs,  this shouldn't affect us so much to the point of doing something irrational,
I can only imagine this will affect newbies to crypto alot, they need to understand it is temporary and not permanent, we should be strong throughout this period.

I think that what makes this situation more difficult is the environment of the crash. Back in 2018, the crypto market was hit very hard, but people weren't limited in their rights, did not hear all the time about the pandemic, the stock market was doing okay and the world economy was functioning properly. This time almost everyone is getting negatively affected, Bitcoin is just a small part of it. Honestly, with everything that's going on I actually still think that holding money in BTC is a better idea than selling it for, say, fiat, because who knows whether the fiat we tend to consider stable is not going to explode (I'm talking about the risk of hyperinflation).

Even at the saddest moment of my life, I have never thought about that.
It is the greatest sin of all.
You have been given a life. Better take care of it.
Up until now giving birth is still a miracle for me. I cannot just explain how you can make life out of liquids from your body.  

But yeah!, there are those who cannot swallow all the loss. They would be better to look for help.
Me? I take this as an opportunity. Well it does every time the bitcoin price goes down.

My Ethereum investments are also back to how much I bought it.  

This basically means that the thoughts of suicide or in general mental issues about a certain matter really depends on the person not on what they are doing. This also basically implies the fundamentals and characteristics of a good trader. I, sometimes feel bad for the mistake I've committed but the thing is I can move on easily, to be a trader is to be a critical thinker, you don't need to put yourself in locked after the door closes.

True it is just money our life is much more important specially for those who are around us.
Those money could be gained again but the time that you could spend with your family and friends would never be replaced.
Suicide isn't an option we need to work hard in order to replace what has been lost.

No, I never thought about due to market crash. I had lost approx 90% of my portfolio in back 2017 bull run when invested on some alt coins. I just wait for patience and recovered all of them by trading. But later on in bear market my total portfolio dump again and still not yet recovered. Fortunately suicidal thoughts still never came on my mind not it will come. Value of life more than money, if I alive I have confidence that I will recover my fund once again. So whoever's do not have enough patience they shouldn't enter on crypto market, otherwise they would broken.

I got a little bit nervous after I saw the recent price crash.My anxiety is still high,but there's no room for depression and suicidal thoughts.Committing suicide,just because the Bitcoin price has gone down seems like a really stupid idea to me.I mean,you know that the Bitcoin price will recover next year,right?It's not the end of the world and coronavirus is not a zombi apocalypse.Calm down and practice meditation.
Now it's time to see who the real Bitcoin HODLers and supporters are.