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Topic: Bitcoin's price, and mental health. - page 8. (Read 3587 times)

hero member
Activity: 1750
Merit: 589
March 29, 2020, 03:16:37 AM
As someone who owns a printing business near academe and universities, I am one with those who are slowly losing money as days go by. It was such an unfortunate event for everyone, not only businessmen who are losing thousands or millions with the current pandemic, but no one really wanted this to happen in the first place. Even though I am losing money, as an immunologist myself, I still dedicated my time, effort and knowledge with the cause, and am volunteering to help prevent the virus to further spread. Working 16 hours a day without getting paid, I only wanted to see the eradication of this virus--or to at least control its spread and help get the normal lives of people back. Sure, a few months without profit may hurt the bank, then again I still have some bitcoins to spare if the going gets really rough.

To those of you who are losing money due to the current market conditions, this is not the end of the world. Some have lost their loved ones, some are contracting the disease and others still don't have anything to feed themselves but are still out there in the midst of the outbreak. Don't give up, and continue to power through. It's just a bad month, and it's not as if we haven't seen the worse days on the past years anyway.

Yes, true. For those people who are indeed worried about the losses keep your mind positive. In this kind of market you are in, it is very unpredictable to tell whether when there will be a decrease or increase of rates because that's how bitcoin works. Before entering this kind of investment, make sure that you have understand and learn how this market worked. All of us here are worried but don't let your emotions drown you for what happened I know it's tough but soon will be better. Unfortunately, this virus did affect bitcoin but it will not be the end of it, it doesn't mean that it will continuously going down. Just remember, always expect things like these positive or negative cause if it's meant to happen it will happen.

Absolutely true, we should be prepared for any losses or grow that will happen. Bitcoin investment is a great idea but we should have understand the market and volatility of it. It's normal if there's a crash or sudden downfall of the rates it will not take too long, remember that's how this works. Also, I did have a business where I sell clothes online and now I can't even process the orders because of the quarantine or lockdown that the government imposed, and I'm worried because my funds are running out. Yes, it indeed affect my mental health but I know after the quarantine it will come back to it's normal situation just like in Bitcoin. For some reason, it will goes up or even down but what I have learned from the past years here are to have patience, control over your emotions, good tactical strategies and analyzation over the situation which really helped me to grow more. So, for those people who are worried, it's a normal thing to feel but look for a bright side in every negative situations for you to overcome this.
member
Activity: 434
Merit: 29
March 28, 2020, 08:40:28 AM
It was a rough experience back in the days when bitcoin fell also the same way as this as that was my first experience to market crash like it was around 4k.

BitCoin grew up in an economic bubble when everything went straight up...   BitCoins reaction to its first ECONOMIC CRISIS should worry everyone.     Cult like " believers " are not investors, and they will deserve exactly what they get.

BitCoins recent price drops should WORRY everyone, and of course losing your investment will affect your mental health.  The " believers " will be the hardest hit when they have lost everything and living in a delusional fantasy is no longer possible   Cheesy Cheesy Cheesy

Hard Facts
legendary
Activity: 2898
Merit: 1823
March 28, 2020, 03:26:57 AM
One must switch off emotions when trading and investing in Bitcoin.

ARE YOU KIDDING Huh   99.999 % of people here are BitCoin " BELIEVERS ",  they are all operating off emotion and greed  Cheesy Cheesy Cheesy


Because 99.999% of them are actually humans, only 001% are honey-badgers.

Quote

Every time I post a FACT that they do not like, it is rejected...


Because you're a troll.

Quote

BitCoin believers are no different than cult members, all reinforcing each other delusions.


All hail Bitcoin! Cool

Fact, dormant addresses are actually increasing, https://bitinfocharts.com/top-100-dormant_8y-bitcoin-addresses.html

HODL.
member
Activity: 434
Merit: 29
March 27, 2020, 09:21:58 AM
In addition, we need to wait for the upcoming halving and see how it affects the entire cryptocurrency market, and not just bitcoin.

The Halving is already expected and already priced into the BitCoin market.   You do not understand the psychology of the markets, the halving will most likely be a buy the rumor - sell the fact event.  So be ready for the PRICE - HALVING that is coming...

Hard Facts



One must switch off emotions when trading and investing in Bitcoin.

ARE YOU KIDDING Huh   99.999 % of people here are BitCoin " BELIEVERS ",  they are all operating off emotion and greed  Cheesy Cheesy Cheesy

Every time I post a FACT that they do not like, it is rejected...  BitCoin believers are no different than cult members, all reinforcing each other delusions.

Hard Facts
full member
Activity: 1316
Merit: 108
March 27, 2020, 06:14:01 AM
If I lose something, then this, in my opinion, is a real process on the cryptocurrency market and I’m not going to get sick because of this.  Cheesy It seems to me that such advice can be offered to other users of the forum.   Cheesy

THE VAST MAJORITY of people that have invested into BitCoin have used real money to buy it...  Many have borrowed, used retirement money, etc and have gambled with money that they can not afford to lose.    So it is understandable that the price crash of BitCoin would severely affect their MENTAL HEALTH  Cry Cry Cry Cry

I have no idea where BitCoin price is going, but the way it has crashed in this Economic Crisis is very worrying.  If you guys thing this is bad, just think how you will feel if BitCoin gets down into the 2000's

Hard Facts
I think that there is no need to compare the year 2000 and the current state of the cryptocurrency market.  Today we are witnessing the real development of the market and many companies that use cryptocurrency.  The whole difference between these periods is that there are more cryptocurrency users, because many new people are interested in investing in cryptocurrency, including bitcoin, as well as cryptocurrency trading.This increases the demand in the cryptocurrency market.  Of course, price fluctuations will always be present, Perhaps even on a large scale, especially if speculators manipulate this, But the fact that Bitcoin will not fall completely in price to the level of 2000, I am sure of that.  In addition, we need to wait for the upcoming halving and see how it affects the entire cryptocurrency market, and not just bitcoin.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
March 27, 2020, 05:23:49 AM
That is what we need to cure, we should help people overcome their doubt about bitcoin and help them to stick and hodl until the market price becomes decent again. In that way we could help the people develop their mental health, and to avoid losses in the market.

Lovely idea. That will never, ever, ever happen. That behaviour is as hard wired into most people as breathing. Bubbles, FOMO, regret, they happen in all markets, not just Bitcoin.

What's easy to forget is that for most people here this is the first time they've ever been involved in any type of market. It doesn't help that this particular market is flat out nuts, but the things that seem to surprise some happen in the exact same way elsewhere.

newbie
Activity: 14
Merit: 7
March 27, 2020, 02:48:05 AM
As someone who owns a printing business near academe and universities, I am one with those who are slowly losing money as days go by. It was such an unfortunate event for everyone, not only businessmen who are losing thousands or millions with the current pandemic, but no one really wanted this to happen in the first place. Even though I am losing money, as an immunologist myself, I still dedicated my time, effort and knowledge with the cause, and am volunteering to help prevent the virus to further spread. Working 16 hours a day without getting paid, I only wanted to see the eradication of this virus--or to at least control its spread and help get the normal lives of people back. Sure, a few months without profit may hurt the bank, then again I still have some bitcoins to spare if the going gets really rough.

To those of you who are losing money due to the current market conditions, this is not the end of the world. Some have lost their loved ones, some are contracting the disease and others still don't have anything to feed themselves but are still out there in the midst of the outbreak. Don't give up, and continue to power through. It's just a bad month, and it's not as if we haven't seen the worse days on the past years anyway.

Yes, true. For those people who are indeed worried about the losses keep your mind positive. In this kind of market you are in, it is very unpredictable to tell whether when there will be a decrease or increase of rates because that's how bitcoin works. Before entering this kind of investment, make sure that you have understand and learn how this market worked. All of us here are worried but don't let your emotions drown you for what happened I know it's tough but soon will be better. Unfortunately, this virus did affect bitcoin but it will not be the end of it, it doesn't mean that it will continuously going down. Just remember, always expect things like these positive or negative cause if it's meant to happen it will happen.
legendary
Activity: 1974
Merit: 2124
March 26, 2020, 10:23:21 PM
˜

Thats a mature approach towards the investment world. Humans are freaky selfish when it comes to earning something for themselves and that is might be a natural extinct of having more and more!

This is good piece of advice and one should just turn off their system if they start getting depressing feelings after a loss.

You mad at your loss -----> Take deep breath -----> Turn off your system -----> Take a day Off -----> Be with your loved one -----> Start with new energy and in different way!
sr. member
Activity: 644
Merit: 364
In Code We Trust
March 26, 2020, 10:19:22 PM
Mental health with bitcoin price give us more chance to buy and sell because last three days bitcoin suddenly up and down, This best way for us how to get much profit with bitcoin and try to get more profit. Some time bitcoin change up more than 10% and back down again, we can waiting when have to buy and sell bitcoin.

The behavior of the market is quite normal based on its characteristic of being volatile. Bitcoin fluctuates too much over time, and the concern about the mental health of the people is more serious that we thought about their chance to buy and sell. It is not that easy to tell but in terms of it, it affects the person psychologically, whenever the market declines, it urges people to sell, especially if there is a huge bitcoin at stake. Sometimes, they became depressed from losing their investment. That is what we need to cure, we should help people overcome their doubt about bitcoin and help them to stick and hodl until the market price becomes decent again. In that way we could help the people develop their mental health, and to avoid losses in the market.
member
Activity: 434
Merit: 29
March 26, 2020, 09:08:26 PM


Then we could (if we were equally asinine as you) use the same argument to say that no one should hold any stocks because it's bad for your mental health that they can crash during an economic downturn.  But that would be stupid, because you know that stocks can go both up and down.  



SMART INVESTORS got out of stocks in early February.  Jeff Bezos, Warren Buffet, and a lot of other insiders that knew the market was about to go down SOLD their stocks instead of losing a fortune.    Of course  DUMB people say " stocks can go both up and down "  and just sit and watch their money go up in smoke  Cheesy Cheesy Cheesy

Losing a bunch of money you need SHOULD affect ones mental health.    And I expect we will see a lot more of unhappy people in the next PRICE HALVING of BitCoin.

Hard Facts
legendary
Activity: 3948
Merit: 3191
Leave no FUD unchallenged
March 26, 2020, 06:53:57 PM
I am a long term holder of ENRON stock, and still waiting for it to go higher  Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

Then we could (if we were equally asinine as you) use the same argument to say that no one should hold any stocks because it's bad for your mental health that they can crash during an economic downturn.  But that would be stupid, because you know that stocks can go both up and down. 

None of your arguments make any rational sense.  You are just blurting out whatever you think will sound vaguely ominous in an attempt to scare people off.  It's just sad.  Find a new hobby.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
March 26, 2020, 04:10:31 PM
Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.

I might do it once or twice a day at the moment out of curiosity as to whether it's soared or collapsed. Before this current madness I could go for a few days without checking as there was little prospect of dramatic price action, until recently of course.

I hope this isolation doesn't cause people to dwell on crypto troubles too much if they have them. It's out of our hands. If I had a reasonable amount I'd be inclined to spend a bit of it on something that enriched my life and redirected my attention.
hero member
Activity: 2184
Merit: 531
March 26, 2020, 03:54:06 PM
Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.

If you're checking it so often it means you are scared of the drop or want to make some fast money selling when it begins to rally again. Either way it's not a healthy approach.

If you invest, invest long term. Don't check prices 30 times a day because you're wasting time and torturing yourself when the price doen't meet your expectations. You have no control over it and it will do what it will do. Eventually it will go up even itf it means going down to 3000 in the process. What are you going to do if it bottoms once again? Sell?

I know that I will never sell at 5 6 or 7 thousand because this price does not satisfy me.
member
Activity: 434
Merit: 29
March 26, 2020, 03:31:35 PM
Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.

I am a long term holder of ENRON stock, and still waiting for it to go higher  Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy

Sometimes long term holding a crashing asset is the WRONG thing to do  Shocked    You might very well lose almost all your money rather than just 1/2 of it.    No one knows what BitCoin price will do long term, but the price crash in BitCion to its first financial crisis is very worrying.   I personally would not risk it, because I do not like gambling in casinos, and BitCoin is a huge gamble with money.

Hard Facts
sr. member
Activity: 896
Merit: 268
★777Coin.com★ Fun BTC Casino!
March 26, 2020, 01:45:29 PM
Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.
If you are a legitimate long term holder thrn probably you already know what to do when the market is being crashed and also what you always do in terms of suddenly down just like what happened on the past weeks in which the bitcoin and also the whole market becomes red again.
I hope that you might be able to teach and sprrad some words to some people who are a holders and currently holding tokens or coins to wait their time and what they need to do in situation like this.
sr. member
Activity: 1988
Merit: 453
March 26, 2020, 11:26:39 AM
Ideally long-term holders should not worry about the price too much. I consider myself a long-term holder, but I can't resist from checking the prices every now and then. My conservative estimate is that in a typical day I check the Bitcoin prices at least 20 to 30 times (either in my laptop, or in my smartphone). And with everyone working from home now, staying away from this habit has become even more difficult.
full member
Activity: 1736
Merit: 116
March 26, 2020, 09:42:53 AM
I am very sad to see some people affected by mental health due to volatile bitcoin prices. Which a few days ago had dropped below $ 4000,
this makes some people become stressed and some even decide to commit suicide because of losing the capital they have when bitcoin prices
are down. In my opinion, people who were exposed to metal health and decided to commit suicide due to the price of bitcoin fell, because it
was caused capital used is the proceeds of loans.
member
Activity: 434
Merit: 29
March 26, 2020, 08:51:31 AM
Mental health with bitcoin price give us more chance to buy and sell because last three days bitcoin suddenly up and down, This best way for us how to get much profit with bitcoin and try to get more profit. Some time bitcoin change up more than 10% and back down again, we can waiting when have to buy and sell bitcoin.

So you like gambling at the BitCoin Casino  Cheesy Cheesy Cheesy   I have no idea if BitCion will go up or down, but I know BitCoin's intrinsic value is near zero, so I am thinking it will go down from here.   So if it goes down into the 3000's from here, is that going to help your mental Health Huh

Hard Facts



I think the price of bitcoin is going to drop a little bit more. I think the corona virus has spread an effect all over the world.I think the crisis will be gone in the next few days.

You are an utter FOOL   Shocked Shocked Shocked

The Corona Virus crisis will not be gone in a few days, not even close.   The resulting economic depression will last for MANY YEARS.   Are you mentally not able to handle the truth ?   

Hard Facts
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
March 25, 2020, 10:18:21 PM
*mindless rambling*

You're still missing the point.  The network continues to function.  Whatever happens to the price, I can still use bitcoin to send transactions where visa, mastercard, paypal, etc, will not permit me to send payments.  If I want to support an organisation like wikileaks, I am free to do that.  You will only be making payments that your bank permit you to make. 

I have my freedom.  You don't. 

If you want to scaremonger about the price of freedom, go ahead.  Have fun being a frightened little prisoner who doesn't control their own wealth.

The market price of the bitcoin today is rapidly falling down and this is a huge impact to the people some of them made an investment when the market price drops immediately and this may give frustration and more to the people because it is a huge lose and they need to hold their coins to avoid getting loss of income, we cannot assure when is the market price fall or rise because the market is volatile and we cannot make any changes on it only the people who have the power like the whales can control the market changes still we want to make an investment at the first place we need to accept the risk, but if you are not confident enough it is better to hold back for a while and make a lot of research or background study about the thing you want to be included.
newbie
Activity: 5
Merit: 0
March 25, 2020, 07:53:00 PM
Most markets have rallied this week on short timeframe without any basing. So might expect another downside move with consolidation before any meaningful change in trend. Possibly a time to offload investments and look to buy back in later.
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