Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
a trader who always pays attention to the chart all the time will definitely panic when he sees the price of bitcoin falling 10% or more in 24 hours, but I am not a daily bitcoin trader, I don't panic too much when I see the price of bitcoin falling, I have a long-term target for investing in bitcoin, that feeling makes me not so worried when the price of bitcoin goes down because I am sure that in the short term the price of bitcoin may go down but in the long term the price of bitcoin will increase 
Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? (Read 1010 times)
Today at 01:04:59 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Whenever we had 10% -20% Now I see such percentage drop as an opportunity in the market to even Buy some Bitcoin unlike before when I knew nothing about Bitcoin, if you have got to understand Bitcoin very well, you would at some point even pray for such a price drop, especially if we are in a bull market ,that's indeed a great opportunity to buy the dip most of in the industry look for, in my end isn't a panic rather is ample opportunity buying opportunity. 
Today at 12:34:51 PM
People want bitcoin to go down like the way it happened in 2022. And I don't think for now it will reach that price again except after next year from April. And that was what happened in the previous bear if we go with the historical downward of bitcoin. After halving, the All Time High came in 2021, and the bear market came in 2022.
Therefore, we had the halving this year April so we might have the All Time High next year then from 2026 we might experience the bear market and in 2027 to 2028 another bull run.
Only those who want to hold and wish to increase their asset base those who engage in trading, on the other hand, are not genuinely concerned about the market's potential decline. Since investing in bitcoin entails a great deal of responsibility, many historical accounts of the cryptocurrency have provided information that may be referred to. For this reason, they always advise everyone to read. Given the high level of responsibility associated with bitcoin investing, numerous historical stories of the cryptocurrency have offered information that can be consulted. They always encourage everyone to read because of this. And since that 2022 all time high the price of bitcoin have not been that stable till now. And that is one of the reasons I prefer to have enough to hold. For now will prefer trading. Therefore, we had the halving this year April so we might have the All Time High next year then from 2026 we might experience the bear market and in 2027 to 2028 another bull run.
Today at 05:29:33 AM
I’m not but this period of 3 months of total stagnation with a bearish descent has got me slightly concerned. I’m not worried as I’ve been through multiple cycles but I’d really like the see the price start rising soon. It’s been a few months since the halving, we have Spot ETFs now so we should see the price start to go up soon. I feel a little uncomfortable seeing the price down near or dipping into the 50,000’s again.
Today as we can see, the Bitcoin price situation continues to experience a sharp decline, which is caused by several factors, which are clear yesterday. Fed Chair Powell is still not sure that in 2024 and next year, inflation will be pumped back to 2%. Then, based on Cointelegraph, it was reported that the German government was actively and continuously selling Bitcoin to several exchanges, the value of which was quite fantastic in the range of $25 million, and if you look at the bitcoin chart, the $56K defense line is a limit that if it is broken, a bigger correction will come.PS: Mt. Gox will immediately distribute the stolen Bitcoin to its customers, triggering market fear of an impending Bitcoin sell off.
But for me the red market is a good opportunity for thin accumulation.
Today at 04:59:35 AM
Although I feel panicked, there is a voice inside me reminding me that Bitcoin won't easily crash because it is an effective hedge against inflation.
July 03, 2024, 02:49:06 PM
We all know about Bitcoin trading pattern. It goes through ups and downs. A large section of traders always analyze the price of Bitcoin, buy on dips and resell on bullish to earn profit from it. Again a large portion of investors hold Bitcoin for long periods of time. They don't care about price, they care about Bitcoin holdings. I am also one of them. I try to hold Bitcoin as much as I can. I know the market will continue through ups and downs before touching $100k. One should take a stable position rather than panic about the price of Bitcoin. Those who do not have a good understanding of the volatility of Bitcoin will never be able to profit from Bitcoin.
July 03, 2024, 02:18:24 PM
it's worth being concerned of but at some point one is not supposed to be bothered as it dips because the initial goal of buying bitcoin is holding for long term but if you are trading in short term it's really a big issue to be worried about.
Although I have little knowledge about bitcoin generally but I know that it's a discount for buyers to buy at a very lowered rate while they gain more in the bitcoin market. so panicking is the actions of a newbie or short term buyers.
Although I have little knowledge about bitcoin generally but I know that it's a discount for buyers to buy at a very lowered rate while they gain more in the bitcoin market. so panicking is the actions of a newbie or short term buyers.
July 03, 2024, 02:07:01 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
I'm not panicking at all, in fact the price of bitcoin is down 10-20%, which is good because we get a discount for doing dca on bitcoin. For me, in order not to panic in investing in bitcoin even though the price is going down, you have to consider investing in bitcoin for the long term, so that you will automatically ignore whether the price of bitcoin goes up or down before your target is reached, you will still hold it.Moreover, the current decline in the price of bitcoin is very natural, didn't the previous halving also happen like this and then the price of bitcoin rose significantly? If you look at the history of Bitcoin prices after the Halving, maybe you won't panic anymore.
July 03, 2024, 10:23:30 AM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Bitcoin is the number one crypto with the hugest market cap and it's in the mainframe of the financial market as well. For these alone, I don't get affected by its price drop. This is because I know it can't be easily manipulated with those characteristics and if it falls so much, one day, it will rise back. It has done this many times, so it will not stop doing that and it is what I call Reliability. The only doubt I have about Bitcoin is for it to hit an ATH of around $100,000, it is going to be a tough task for it. I hope this will happen one day but it might not be as quickly as many thought.As for the suggestion;
1. Try to invest the amount of money that you can afford to lose.
2. Always try to buy low only, perhaps after a major reversal or retracement.
3. If you can't buy low, you may want to DCA, but at a reasonable price, not at the peak.
4. Be speculative. Learn how to use your trading chart correctly.
July 03, 2024, 10:06:43 AM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
I actually rejoice when I see such kind of drops in Bitcoin price. 10-20% drop means the Bitcoin is available to buy at 10-20% discounted rate. So I try to buy Bitcoins in small amounts during search drops. If you have faith in any asset class and you are thinking of staying invested for longer term, such drops are actually great opportunities to lower your buying price. Typical DCA! But if you have entered the market at ATH, then it's bad for heart.
Can you handle the people laughing at you? Lol. We as an experienced Bitcoiner/HODL'er, it was indeed the opposite reaction or action are the ones that we are going to feel or experience because we know that scenarios like this are the ones that can make us more money.
Of course selling is also there and important because how can we sell the coins that we bought at the dip then?
. It is fine to increase our buying size when drops like that occur rarely but it was only when we do a DCA strategy is the ones that we will buy moderately. 
July 03, 2024, 05:23:43 AM
I’m not but this period of 3 months of total stagnation with a bearish descent has got me slightly concerned. I’m not worried as I’ve been through multiple cycles but I’d really like the see the price start rising soon. It’s been a few months since the halving, we have Spot ETFs now so we should see the price start to go up soon. I feel a little uncomfortable seeing the price down near or dipping into the 50,000’s again.
July 03, 2024, 05:13:07 AM
The idea of panic is being pushed by those traders in the space and those who are on the ETF wing.
For someone holding bitcoin as a store of value, he has little or nothing to worry about. Why worry over an asset that is not to be used for the next half decade or even more. It is consoling to stand on this part of the divide as you worry little about 10 to 20% declines.
For someone holding bitcoin as a store of value, he has little or nothing to worry about. Why worry over an asset that is not to be used for the next half decade or even more. It is consoling to stand on this part of the divide as you worry little about 10 to 20% declines.
July 03, 2024, 04:17:09 AM
Maybe you can search for a 20% drop in one day example also? However, I doubt that you will find any one recently. It isnt complicated to find a <10% drop per day. 3-5% drops happens quite often recently. But a huge drop is a very, very rare case for Bitcoin. That is why I am so calm when I see topics about people sell in panic their Bitcoins. And as price grows, such huge drops becomes more rare and rare.
There is nothing to worry about Bitcoins dips whether its 10% or 20% a day, important thing is Bitcoin has the tendency to bounce back strongly after every dip. There are instances available where Bitcoin has gone down considerably over a period of time like Bitcoin saw it's ATH in Dec 2017 when price of Bitcoin was around 19k and year later in Dec 2018 we saw Bitcoin price down to 3500$. If one want to get benefit from Bitcoin then he has to think about long term investment since price of Bitcoin is going up with time all the time.
The point was not in "not to worry about", but the point was that Bitcoin never ever dropped 20% before and I dont think that such drop will ever happen. Especially with current price. If today BTC cost $60k, and all of sudden it looses $12k during one day? Nobody would allow such thing to happen. And what you say it is different. A drop from $19k to $3.5k did not happen during one day. There is no need for panic, Bitcoin prices never fell so huge during one day.
July 03, 2024, 01:08:07 AM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
If you have been in this crypto space for a very long time you will understand how the market works you know as Long as cryptocurrency is concerned there is always a variation in their price. I'm pretty sure that those earlier investors knows how the market is, that is why they don't panick whenever time there's a dip in the price of bitcoin and other coin as well. is only those beginners who does not have full knowledge about how the crypto market works that get panick reason is because they're afraid of losing their money.
I don't get panick whenever time there's a dip in the price of bitcoin because I know it will definitely rise again, if you want to control your feeling you don't have to check your bitcoin wallet all the time maybe just once in a while. the reason why most people always panick is because they almost check there bitcoin wallet all the time, you know if you plant a seed and you keep checking it more often it will look asive growth is no longer taken place but if you leave it for sometime and come back maybe in two weeks time you will begin to experience a massive growth that's how it is in bitcoin investment.
July 02, 2024, 05:42:21 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
There is no reason good enough to panick if the plan or target is for longer period of time, considering the fact that Bitcoin is still a growing digital asset, panicking on seeing a drop is mostly associated with traders with a short term view of their investment, while panicking when Bitcoin is still best coin that has a solid foundation such that even when it drops there is a higher chances of it going higher even more than expected, an ideal investors with a long term goal Will never panick for any drop but will rather take advantage to buy even more Bitcoin at every opportunities if there is any money readily available for investment.
condition specially if you are someone whose really that active when it comes to watching the market situation or condition, whereas on the moment that you would really be finding yourself
that being affected on which it would be normal because we are just humans and losing up money will really be g iving out that kind of reaction on that particular point because we do really hate up on losing
money and despite of having that long term position then you would really be still having those kind of feeling that you would be panicking.
If you are someone who had been on this market for a while then you would really be getting used to with those 10-20% movement in a day specially into those established coins
and it would really be that totally different if you are dealing with some meme coins or low caps in the market on which we know that when it comes to movement then it would really be that
entirely be that different no matter what the market condition would be.
July 02, 2024, 03:20:49 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
There is no reason good enough to panick if the plan or target is for longer period of time, considering the fact that Bitcoin is still a growing digital asset, panicking on seeing a drop is mostly associated with traders with a short term view of their investment, while panicking when Bitcoin is still best coin that has a solid foundation such that even when it drops there is a higher chances of it going higher even more than expected, an ideal investors with a long term goal Will never panick for any drop but will rather take advantage to buy even more Bitcoin at every opportunities if there is any money readily available for investment.
condition specially if you are someone whose really that active when it comes to watching the market situation or condition, whereas on the moment that you would really be finding yourself
that being affected on which it would be normal because we are just humans and losing up money will really be g iving out that kind of reaction on that particular point because we do really hate up on losing
money and despite of having that long term position then you would really be still having those kind of feeling that you would be panicking.
If you are someone who had been on this market for a while then you would really be getting used to with those 10-20% movement in a day specially into those established coins
and it would really be that totally different if you are dealing with some meme coins or low caps in the market on which we know that when it comes to movement then it would really be that
entirely be that different no matter what the market condition would be.
July 02, 2024, 03:18:32 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
As an investor who knows what he is doing, there is no reason for panicking since you knows what he is doing, there is no reason for panicking since you know how the investment works and I know every single rule and risk of the business. I don’t need to panic. I know that regardless of how dump the market is, it will still pump and hit the target I want, but it will take time to do that. Since I have planned to invest in it for a long period of time, I definitely don’t need to panic. However, %10 to %20, I think, is too small for an investor who knows everything about the market to panic.
July 02, 2024, 03:11:59 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
I stopped checking the price all the time a longgg time ago. With my mind set on like 2030 and beyond before I even think about touching any Bitcoin. I am just trying to stack as many Sats as I can. Every time I watch the news and see what is going on in the world it’s just a constant reminder why my decision to HODL seems like a better idea each and every day.
July 02, 2024, 02:06:31 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
There is no reason good enough to panick if the plan or target is for longer period of time, considering the fact that Bitcoin is still a growing digital asset, panicking on seeing a drop is mostly associated with traders with a short term view of their investment, while panicking when Bitcoin is still best coin that has a solid foundation such that even when it drops there is a higher chances of it going higher even more than expected, an ideal investors with a long term goal Will never panick for any drop but will rather take advantage to buy even more Bitcoin at every opportunities if there is any money readily available for investment.
July 02, 2024, 01:47:54 PM
10-20% drop is nothing for one to panic tbh, and I think I have seen it all when it comes to Bitcoin price movements over the years.
A few years back when Bitcoin was really volatile to the extent of losing that much in a day and the following day it regains the 10% drop there was so much panic and FUD which actually pushed price to be volatile, but after most Bitcoiners actually realised the damage was done by themselves seems the panic was removed from the equation and price as stabilized ever since.
So would I panic for a 10-30% drop, no I wouldn't as the past as taught us to keep calm in such situations.
A few years back when Bitcoin was really volatile to the extent of losing that much in a day and the following day it regains the 10% drop there was so much panic and FUD which actually pushed price to be volatile, but after most Bitcoiners actually realised the damage was done by themselves seems the panic was removed from the equation and price as stabilized ever since.
So would I panic for a 10-30% drop, no I wouldn't as the past as taught us to keep calm in such situations.
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