Topic: Bitcoin's price, and mental health. - page 2. (Read 3589 times)
For all investors who invest in cryptocurrency, buying cryptocurrency with unimportant funds is very safe and stable. Even if the currency plummets, it will not affect people's normal lives. If you spend more or all of it, your assets may affect your life. Unable to withstand the tremendous pressure, it often leads to tragedies. Therefore, the assets you invest in are related to the rest of your life. Therefore, investors need to allocate positions reasonably and refuse to bet on all-or-nothing behavior!
There are many people who have suffered miserable losses, but basically they have suffered in the same way:
Be bold and blindly allocate funds.Their loss is entirely due to the mismatch of greed and ability, or trust in their own gossip.
Frequent transactions.This is the characteristic of many people, and they can't control their hands every time. I have always wanted to trade at the beginning of the market, but frequent trading means more and more mistakes and more and more impatient mentality. Increase the handling fee.
Then they will form a loop. The more trading errors per month, the greater the loss. When a businessman loses all basic living expenses and his family does not support or understand, he borrows money from friends. When the borrowed money is lost because of investment, he feels guilty towards his family and friends. People have limits. This guilt will drag you down until you collapse. Desperate to myself and want to commit suicide.
Be bold and blindly allocate funds.Their loss is entirely due to the mismatch of greed and ability, or trust in their own gossip.
Frequent transactions.This is the characteristic of many people, and they can't control their hands every time. I have always wanted to trade at the beginning of the market, but frequent trading means more and more mistakes and more and more impatient mentality. Increase the handling fee.
Then they will form a loop. The more trading errors per month, the greater the loss. When a businessman loses all basic living expenses and his family does not support or understand, he borrows money from friends. When the borrowed money is lost because of investment, he feels guilty towards his family and friends. People have limits. This guilt will drag you down until you collapse. Desperate to myself and want to commit suicide.
Bitcoin price has grown big in a short time period. My mind always think of small holdings that I wasted unwanted believing on multiplier schemes and other scams without doing proper analysis. Maybe I would've got few thousand dollars in BTC and ETH if I've kept hold of those. It pains me, because when the price was low the amount I wasted looks small and that consoled myself. Now it pains a lot, because to earn such an amount is not an easy thing anymore.
It is true that the price of BTC and other cryptos is going down. The price is still unstable and fluctuates, of course it makes many people panic. It's true that we have to be able to deal with it calmly even though our minds actually have to spin to think how to manage it properly. Think calmly and don't be in a hurry to make any decisions at a time like this. We also have to know that everyone faces this and we have to be able to handle it well if we are to survive. Don't let the assets you have just let go and make us surrender to get losses. That's not a good thing my friend. It's time to spin your brain and focus on the goal here so you don't get intrigued by the current crypto market.
I can't believe Bitcoin had gone this far, from $5k to $63k then back to $32k. It is really amazing but the fear of losing and the emotions that are attached is really self weaking. It should be understood that there is big risks in investing and trading of Bitcoin which can really help us to pay close attention to it.
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money can be found back but life only once...Besides suicide because of a breakup, I am also surprised by people who commit suicide because of losses in business or investment, their minds are so narrow. for Bitcoin investors when the price drops don't think it's the end of the world, until whenever you have to remember that the price of Bitcoin is very volatile.
for now indeed.we are being.overwritten by several problems.regarding the price of bitcoin which.is increasingly.falling and is.no longer under control, but we are also very mentally.prepared about such.things what we can.do for now is.that we are able to be more.patient in.conditions or situations.like this , because if.we are not mentally.controlled this will also have an.impact on our business.which we have been.in for a long time
I don't think you can be 100% successful long-term trader without encountering a loss or two. Loss should not discourage you for ever trading again tho. Your mental health should be much more important than any amount of profit or BTC. If you need help, please contact your nearest help line.
I was very mentally depressed when I first started getting to know bitcoin where I bought bitcoin for 25k$ and it dropped to 15k$, but the support from fellow traders and bounty friends made me calm, and with patience in early 2021 I enjoyed the results of my patience
Patient is a virtue especially for investors. This is the same way I lost couple of dollars because of my impatient to keep holding when Bitcoin was falling. I decided to sell all my Bitcoin to later buy at the dip but later missed it all. I sold with huge loses and couldn't recover my loses. This Bitcoin business needs a lot of patience to backup ones optimistic target. With the level I am now, I think my previous mistake can serve as knowledge to new traders who had not gotten the lever to endure negative outcome of a trading.In terms of investment, you should use money that has not been used for a long time. Therefore, however the market will look, especially during a crash, we can stay calm waiting for the next bull to come. If we use busy money, surely we will fall into a panic situation when the price drops too deep and most of us will take a very bad decision that is cut the loss.
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!
EDIT (July 20th 2021): The entirety of the cryptocurrency markets is going to goblin town again. Just a quick reminder to keep your time preference high. The day I posted this topic(March 13, 2020), bitcoin's price was around $5000. Hodling works, ladies and gentlemen.
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!
EDIT (July 20th 2021): The entirety of the cryptocurrency markets is going to goblin town again. Just a quick reminder to keep your time preference high. The day I posted this topic(March 13, 2020), bitcoin's price was around $5000. Hodling works, ladies and gentlemen.
This has been going on since the beginning of time for people who are in control of their finances. It is also common in the stock market that you really need to weather the stormy times to be able to enjoy the rainbow afterwards. There are two reasons that you should continue to hold cryptocurrencies in my mind: 1) You have lots of spare cash available and have committed to "investing" some of it over a long timeframe (ideally 5+ years) or 2) You think there is a solid reason that Bitcoin will recover and continue to rise in price. Either way, if you're checking your investments each day and let it affect your thoughts then it is probably too risky for you - so put your money somewhere safer but you won't benefit if the volatility causes a price rise.
I was very mentally depressed when I first started getting to know bitcoin where I bought bitcoin for 25k$ and it dropped to 15k$, but the support from fellow traders and bounty friends made me calm, and with patience in early 2021 I enjoyed the results of my patience
Patient is a virtue especially for investors. This is the same way I lost couple of dollars because of my impatient to keep holding when Bitcoin was falling. I decided to sell all my Bitcoin to later buy at the dip but later missed it all. I sold with huge loses and couldn't recover my loses. This Bitcoin business needs a lot of patience to backup ones optimistic target. With the level I am now, I think my previous mistake can serve as knowledge to new traders who had not gotten the lever to endure negative outcome of a trading. 
I think this year was my toughest year because I invested in bitcoin when the bitcoin price was very high (arround $50k). In the current situation, I think I'm quite lucky because I'm already quite experienced in the investment field, so the current situation doesn't stress me too much because I already know when I invest in crypto the risk is very high and i use money i can afford to lose.
I was very mentally depressed when I first started getting to know bitcoin where I bought bitcoin for 25k$ and it dropped to 15k$, but the support from fellow traders and bounty friends made me calm, and with patience in early 2021 I enjoyed the results of my patience
HODLing works, yeah but we should be really patient. For example, there has been a big dump recently. The price went down to $29k. We are still in a really boring period but this shouldn't cause us to do silly things. I think it's not time to sell, it's time to buy and HODL.
Of course, the probability of suddenly getting rich, catching luck, participating in trade, or investing in a project becomes less than it was 5 years ago or more. Nevertheless, the cryptocurrency market is still a chance for those who do not have sufficient resources, and even knowledge. When investing in cryptocurrencies, a lot of things are decided by the general outlook of a person, his philosophical and practical outlook and intuition. In this case, even an amateur in trade, may be the winner by correctly identifying a promising project. Bitcoin in this sense, gives less chances, it is becoming more academic in terms of trade and conservative in terms of technical capabilities. Mental problems, in my opinion, are the lot of professionals and overwork. Here I agree with one of the speakers. Adventurers, as a rule, easily accept both victories and defeats.
I am absolutely sure that the vast majority of newcomers, and even without knowledge, will only lose the deposit.The only option when you can earn money on the crypt is to make shitcoin
, and throw it on some exchange, merge coins, and go with the money into the sunset.This is not going to work either
The only way to make money in crypto is to learn about it. You can hold or you can trade but before that you need to have sufficient knowledge. Without knowledge you will end up losing money.
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.
Lol, suicide is the craziest thing I know. If their mindset goes into bitcoin as a game and is geared towards chance, don't trade anything of significance. Bitcoin and cryptocurrencies are opportunities but should not be overused to damage your life.
Most people don't understand the financial risks of investing in the cryptocurrency market, they just know that, since blockchain technology is a tie for them, I don't mean that they are outdated. . But they need to learn, invest and also how to use them, ... Most of the new entrants buy/sell/p2p on some exchange. They still don't understand the different uses and benefits. The deeper they go into profit, the less they understand about bitcoin and this market. Therefore, they are easily influenced psychologically and bewildered.
I think a lot of people need to be educated about this. anyone must be prepared with the risk of loss, because in cryptocurrencies not fully experiencing profits there must be losses. so what I think is we have to be able to manage well how we run crypto and also any risks we have to be prepared to face. so if we are ready our mental health seems to be stable and under control
- I believe everyone here is educated about bitcoin and crypto losses from the start but you should also understand that the truth is probably something that is hard for us to accept and not to believe because our goal is basically no failure here, it's very rare to think about the negativity of the problem. As soon as a bad situation comes and causes too much mental shock, we seem to be affected very badly, quite a few people have had to seek advice here or from friends and community to recover from the terrible prices bitcoin can hit 
I think a lot of people need to be educated about this. anyone must be prepared with the risk of loss, because in cryptocurrencies not fully experiencing profits there must be losses. so what I think is we have to be able to manage well how we run crypto and also any risks we have to be prepared to face. so if we are ready our mental health seems to be stable and under control
I'm agree. It's all just about money that you can gain at any time. I'm always buying some crypto when it dips and just living my life. I wish everyone to stay well!
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