Do not worry about the price of bitcoin mate because it is really normal thing about different cryptocurrency, it changes its price each and everyday, especially with what we are facing right now. COVID-19 really affects the price of bitcoin, that is why the price of bitcoin reaches for about 3,900 Dollars. If you are worry about your investments with the price of bitcoin, then you shouldn't be like that because you cannot lose money in investment, you may still hold your money if the price of the bitcoin is low then withdraw it if the price of the bitcoin turns back again.
Do not make the bitcoin affects your mental health, you will be like a typical beginner if you do so. Keep calm, don't worry and think for the things you may do to prevent losing your money.
Topic: Bitcoin's price, and mental health. - page 13. (Read 3587 times)
Thanks for the reminder this is very necessary at this very difficult times, lots of people will be disappointed and devastated with this sudden crash, but in the midst of all this, we shouldn't lose our mind over it, it is money and can be recovered same way it was lost, all that is required is maintain a level head and exercise patient,
As soon as market recovers everything will go back to normal, if you don't panic sell, it will be fine.
As soon as market recovers everything will go back to normal, if you don't panic sell, it will be fine.
My mental health was disrupted by this drop in the price of bitcoin...
It's normal for a crypto noob like you to get a bit upset about the recent dump in the price of bitcoin but I want to encourage you that this is not the end of crypto and would never be. We have seen worst years before and this would never be the end too. Instead of worrying so much at the price right now, I would advise that this is the best of times to invest and make enough profits when the price increases. It's that time again, where bitcoin(and pretty much almost every other non-stablecoin cryptocurrencies) does a huge nosedive. This is just a reminder that whatever amount you've "lost" with the market crash, in the end, it's just money. Money can be made back in the future through multiple various ways, whereas you have only one life to live. It's not the end.
Whether you're invested in bitcoin, whatever altcoin, or even the stock markets, if you've been having suicidal thoughts, please think twice and try talking to a professional.
For the suicide hotline for the country you're in, please refer to this list: https://en.wikipedia.org/wiki/List_of_suicide_crisis_lines
Times like today are so reminiscent of the last market crash whereas suicide-related posts and suicide hotlines are popping out on multiple crypto-related subreddits. But yea, this might be cheesy as hell, and while a lot of people here have been here since like forever(hence are probably immune to the effects of these crashes at this point), but if this saves one person it's well worth it.
Happy trading and investing!
Whether you're invested in bitcoin, whatever altcoin, or even the stock markets, if you've been having suicidal thoughts, please think twice and try talking to a professional.
For the suicide hotline for the country you're in, please refer to this list: https://en.wikipedia.org/wiki/List_of_suicide_crisis_lines
Times like today are so reminiscent of the last market crash whereas suicide-related posts and suicide hotlines are popping out on multiple crypto-related subreddits. But yea, this might be cheesy as hell, and while a lot of people here have been here since like forever(hence are probably immune to the effects of these crashes at this point), but if this saves one person it's well worth it.
Happy trading and investing!
The pandemic we are in at the present is affecting lots of different aspects in our life. This includes the crypto world. Actually, there might be other causes for this temporary downfall but of course, the non-stable currencies are much affected by the current COVID-19. We can say that it hasn't been affecting us because we can do it online or at home, but in reality, the fear and panic it's been causing even to investors and traders conrtibuted much.
There are certain mentalities that are occurring because of the decline, but Bitcoin users must always be reminded that there are uncertain things in this world - and money is not an exception. Though we had invested much of our time and effort in Bitcoin or other cryptocurrencies, at times like these we musn't think negatively, rather be critical thinkers on how "you" and "we" can survive this crisis. It's not the end of the world, and surely, other Bitcoin and crypto events can occur that would cause the rise and demand of Bitcoin. Many have been in this industry for so long, and this is just another problem that we would soon overcome.
Most especially, we hope that many of us used the popular advise on this forum of "never 100% depend on Bitcoin as daily income" and "never borrow to invest on Bitcoin". They are not just mere words.
Some cases around me are about people taking a loan or selling their life-savings to jump on the Bitcoin bandwagon, and when a nosedive happens, the sad story continues. So, don't sell your life-savings is also a good word to remember.
Thankfully, there is no suicide-related news so far. Let's hope people already learn and instead of living in anxiety, embrace this as an opportunity to get more bitcoin with less fiat money,
Undoubtedly, a lot of negative things have been happening lately and the price dump of Bitcoin just made it worst for some people.
It's just a reminder that life is not a bed of roses and shit suddenly happens. But at the same time, its a phase and won't last long.
Most especially, we hope that many of us used the popular advise on this forum of "never 100% depend on Bitcoin as daily income" and "never borrow to invest on Bitcoin". They are not just mere words.
Nevertheless, hold your coin, don't rush sell, the phase will be over soon.
It's just a reminder that life is not a bed of roses and shit suddenly happens. But at the same time, its a phase and won't last long.
Most especially, we hope that many of us used the popular advise on this forum of "never 100% depend on Bitcoin as daily income" and "never borrow to invest on Bitcoin". They are not just mere words.
Nevertheless, hold your coin, don't rush sell, the phase will be over soon.
We've seen some proper OGs go a bit batty with this dump. I guess it shat on a lot of expectations that were building up over a lengthy period of time. Every single day is writing fresh history. People drawing on what has already occurred might be in for a rude shock.
I'm looking to the end of 2021 before deciding what to do and where it might head. What's going on at present is (very loud) noise.
Couldn't agree more. I'm taking a break from cryptocurrency-related moves for a long time too; I believe this is a time to observe - not to take action. But the long term plan of mine is still there. Still alive. I can honestly say that even a dump to $100 would not get me surprised at all - I'd rather be happier that getting 1 BTC would be way more accessible. I'm looking to the end of 2021 before deciding what to do and where it might head. What's going on at present is (very loud) noise.
I'm disappointed that despite a growing number of exchanges the total liquidity of the market did not increase.
For that to happen we need to get beyond the boom/bust phase to something that at least hums reasonably along all the time. I guess that requires actual usage to underpin that rather than pure betting. And things have been quiet for a long, long time. That doesn't help the robustness when it suddenly explodes into life, or rather death in this case.
This situation with bitcoin doesn't depress me in the least. I am a bit disappointed that I've been caught short of cash to buy it with, but I'm over it.
I'm disappointed that despite a growing number of exchanges the total liquidity of the market did not increase.
We were used to flash crashes in 2013 and 14 when the market was mainly Gox, then Bitstamp, Btce and a few other exchanges. One could think with more BTC on the market, more investors, exchanges like Bitfinex and Coinbase, this should not happen, but no, exchanges are still the weak point of cryptocurrencies. They introduced leveraged trading and now every small move can be multiplied and followed by an avalanche of overleveraged trades.
Not much has changed over the years.
Health and mental health also need to be taken care of, don't just focus on money and profits, it will make your time wasted. Just enjoy this life as best you can, try your best, and appreciate everything you get, be grateful and don't be greedy. I strongly agree with the OP, if you lose money then you can look for more, if the stress is excessive and can cause bad thoughts such as suicide and other bad things, you should immediately find friends or family to tell stories, relieve suffering. Don't think the world will end if you lose and lose, make it a lesson and learn more effective strategies. Always understand the risks.
Only the strong in heart and they that have been around enough can relate with what is happening and laugh over it by turning it into a comic meme rather than get some psychological trauma about what is certain to happen. I agree it's just money and only the living make money and spend it, at the end the dark days will be past.
but what the OP presented is really true. there are people who are into crypto right now that are losing a huge chunk of money and if they loaned their investments, that's the real problem. have you read threads here someone cursing bitcoin or stating that they will never again invest on crypto? I guess those type of people are the ones who has the tendency to harm themselves. mental health is indeed something to be look at here. this is the reality having crypto in your life. just the emotions that you will experienced here is tremendous, so one should know how to handle himself in this market.
That's stupid decision someone could ever take. It's true that it's a hell lot of depression when you see your portfolio has decreased to half of the total within 1 day but that must never be ended with ruining the beautiful life.
I have seen my alt investment to lose 90% too. I don't care. Everyone should have a life outside this.
So you jump to a conclusion saying its a "stupid" decision? You don't even know that person or what he is going through. The amount of money that person has lost might be nothing to you but it might be a lot for him. You don't care probably because it won't be affecting you as much as it would have affected the person who killed himself. The person who committed suicide probably had no other options. Probably he was in such a situation where he thought giving up his own life would be better than suffering.I have seen my alt investment to lose 90% too. I don't care. Everyone should have a life outside this.
I am not supporting suicide, but just don't call a persons decision to take life "stupid" without knowing what the person was going through.
I don't think they've learned much.
I'm talking mostly about newbies and those who've put their money in BTC and never cared about it again until the dump. People are placing money in crypto hoping to get a fortune out of it in no time.
I'm talking mostly about newbies and those who've put their money in BTC and never cared about it again until the dump. People are placing money in crypto hoping to get a fortune out of it in no time.
We've seen some proper OGs go a bit batty with this dump. I guess it shat on a lot of expectations that were building up over a lengthy period of time. Every single day is writing fresh history. People drawing on what has already occurred might be in for a rude shock.
I'm looking to the end of 2021 before deciding what to do and where it might head. What's going on at present is (very loud) noise.
I think that cryptocurrency users, after what happened in 2016, 2017 and 2018, already realized that you can’t make an unreasonable decision and risk all available means in the cryptocurrency market. Cryptocurrency is primarily a big risk, and only then the opportunity to earn big money. Here you need to use good experience and professionalism to get a good income. Of course, I constantly come across the same advice when users are advised to invest all their capital because a very good time is coming for a profitable deal that will make the investor rich. The always negative consequences of our actions affect our psychological state, especially when we are deceived by bad advice.
I don't think they've learned much.I'm talking mostly about newbies and those who've put their money in BTC and never cared about it again until the dump. People are placing money in crypto hoping to get a fortune out of it in no time.
If I ask any of my friends (those who have never owned/cared about or BTC or cryptos in their lives) what their opinion on BTC is, it's either "I know you can make a lot of money out of it" or "it's used by criminals". That explains it all for me. These are the same guys OP is now referring to. The weaker hands or the believers in ideal price changes.
Unfortunately most people only realise what they're made of during the test they're put through rather than considering potential outcomes beforehand and that's fair enough, there's no way of knowing.
It's helpful to look to others who have lived the same experience previously. I was underwater for over three years during a period when it looked like death was a genuine possibility. After that lord knows what in paper profits has vapourised.
It is what it is and I'm way past getting rattled now. I choose to continue to have faith in the concept even when it's clear many people who own it don't. I'll still be here when they're gone or evolved.
It's helpful to look to others who have lived the same experience previously. I was underwater for over three years during a period when it looked like death was a genuine possibility. After that lord knows what in paper profits has vapourised.
It is what it is and I'm way past getting rattled now. I choose to continue to have faith in the concept even when it's clear many people who own it don't. I'll still be here when they're gone or evolved.
Only the strong in heart and they that have been around enough can relate with what is happening and laugh over it by turning it into a comic meme rather than get some psychological trauma about what is certain to happen. I agree it's just money and only the living make money and spend it, at the end the dark days will be past.
Do you have any idea what is going on now?
This is unfortunately one of the periods where all the false ideas of Bitcoin that have been shaped come out to the surface. One of these ideas is "put everything you have in BTC, you'll get rich". It's overly advertised and promoted and too many people went for that idea.
I, on the other hand, have started in 2013 with very small amounts so I didn't feel much of a loss whenever Bitcoin had a dump. I've learned not to be psychologically affected by sharp market moves and I've also learned how the market waves work. Holding your money in cryptocurrencies may provide a very large profit but also comes with a huge risk and many different emotional feelings. I've seen way too many people get into cryptocurrencies because they "know" a huge pump is incoming, when in fact that is more of a wish than a reality.
We must learn from mistakes and not see money loss as the end of everything. It's surely not. I think every human being will go through at least one very tough time in their existence, life can't always be positive.
Nice post though, OP. Haven't even thought about those who might be psychologically affected by these sharp moves..
I think that cryptocurrency users, after what happened in 2016, 2017 and 2018, already realized that you can’t make an unreasonable decision and risk all available means in the cryptocurrency market. Cryptocurrency is primarily a big risk, and only then the opportunity to earn big money. Here you need to use good experience and professionalism to get a good income. Of course, I constantly come across the same advice when users are advised to invest all their capital because a very good time is coming for a profitable deal that will make the investor rich. The always negative consequences of our actions affect our psychological state, especially when we are deceived by bad advice. I, on the other hand, have started in 2013 with very small amounts so I didn't feel much of a loss whenever Bitcoin had a dump. I've learned not to be psychologically affected by sharp market moves and I've also learned how the market waves work. Holding your money in cryptocurrencies may provide a very large profit but also comes with a huge risk and many different emotional feelings. I've seen way too many people get into cryptocurrencies because they "know" a huge pump is incoming, when in fact that is more of a wish than a reality.
We must learn from mistakes and not see money loss as the end of everything. It's surely not. I think every human being will go through at least one very tough time in their existence, life can't always be positive.
Nice post though, OP. Haven't even thought about those who might be psychologically affected by these sharp moves..
This is unfortunately one of the periods where all the false ideas of Bitcoin that have been shaped come out to the surface. One of these ideas is "put everything you have in BTC, you'll get rich". It's overly advertised and promoted and too many people went for that idea.
I, on the other hand, have started in 2013 with very small amounts so I didn't feel much of a loss whenever Bitcoin had a dump. I've learned not to be psychologically affected by sharp market moves and I've also learned how the market waves work. Holding your money in cryptocurrencies may provide a very large profit but also comes with a huge risk and many different emotional feelings. I've seen way too many people get into cryptocurrencies because they "know" a huge pump is incoming, when in fact that is more of a wish than a reality.
We must learn from mistakes and not see money loss as the end of everything. It's surely not. I think every human being will go through at least one very tough time in their existence, life can't always be positive.
Nice post though, OP. Haven't even thought about those who might be psychologically affected by these sharp moves..
I, on the other hand, have started in 2013 with very small amounts so I didn't feel much of a loss whenever Bitcoin had a dump. I've learned not to be psychologically affected by sharp market moves and I've also learned how the market waves work. Holding your money in cryptocurrencies may provide a very large profit but also comes with a huge risk and many different emotional feelings. I've seen way too many people get into cryptocurrencies because they "know" a huge pump is incoming, when in fact that is more of a wish than a reality.
We must learn from mistakes and not see money loss as the end of everything. It's surely not. I think every human being will go through at least one very tough time in their existence, life can't always be positive.
Nice post though, OP. Haven't even thought about those who might be psychologically affected by these sharp moves..
That's stupid decision someone could ever take. It's true that it's a hell lot of depression when you see your portfolio has decreased to half of the total within 1 day but that must never be ended with ruining the beautiful life.
I have seen my alt investment to lose 90% too. I don't care. Everyone should have a life outside this.
I have seen my alt investment to lose 90% too. I don't care. Everyone should have a life outside this.
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