Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? (Read 2004 times)

Every beginner will definitely find it difficult for them to be able to control their emotions when there is a decline but if they can be patient and continue to learn to understand well how Bitcoin works of course they will choose to take advantage of the decline and will be able to stay calm when there is a decline, but if they choose to sell assets when there is a decline then it will make them lose of course this is not the goal of someone when making an investment, so it is very important for every beginner to continue learning about the investment they are running so that they can make a profit from holding the assets they have.

It has to do with emotions and when you’re still battling with that emotion, it’ll never make you feel good whenever the market is always on the bearish trend. Just like you said, constant worry will be in the mind of the newbies and only those that have accumulated more will even not be bothered about the price as the market dips. 10-20% dip could mean a lot to someone to panic while to some it may be nothing and will not even make them have a thought to feel bad. A prepared and trusted mind in bitcoin will always have the positive mindset that the price will always bounce back after a fall.

After a while you really don't care anymore about the dips, on the contrary you see it as an opportunity to buy more. Of course when you are new you are constantly worried, you keep checking the prices even though maybe you invested like $50, then there are people with a ton of bitcoin who don't even check the price for days. You just need to get used to, that's it, it takes some time.

Bitcoin’s price falling is normal for those who are associated with bitcoin since many years so there is no need to be panic when price drops you just have to wait and yes the option you mentioned is benefited the traders but they don’t get a profit what they dreamed of while investing if the price again starts increasing in a day or so.

This market is too extensive, so everything will remain the same, they will simply look for other possibilities with great volatility, where there is more opportunity but more risks. And if it happens once, so that the market will become much more stable, which means that the volatility of bitcoin will decrease, then this may lead a lot of conservative investors who love reliable investments, albeit with a slight profit, but with low volatility, and such people have a lot of money, so if they come to Bitcoin, it also will be great.

Do we as investors or traders want the market to become stable? I don't think so. If the market becomes stable, there will be no profits, and when there are no profits, there is no fun. I'm more than 100% sure that most people will leave the market and go somewhere else if it becomes stable because most people these days are into Bitcoin and other cryptocurrencies because of the potential profits they can get from them, if no profits, they will try and find a new place.

The market has value because it is volatile, it has the possibility of going up which motivates people to make investments, and do trading, if this possibility is removed, we will lose most investors and traders and there will only be a small number of people who like cryptocurrencies in general and not because they are profitable.

So, there should never be predictions about the stability of the market because that cannot and shouldn't happen at all.

Of course, everyone who believes in the potential of Bitcoin will have no hesitation in investing in Bitcoin because they will believe in the benefits they will get from investing, if indeed there are those who invest in something they do not believe in, of course this is not good for them to do and they will make mistakes in the investment they are running which makes them unable to make a profit but only losses that they will get and if you have believed in the potential of Bitcoin then you can invest and can make a profit from it but you must have the right strategy when you want to start investing and do not be affected by the price decline that is happening and do not sell the asset if you can still maintain it for a longer period of time.

It can be said that this is something they are used to, where here is a market that will have increases and decreases at any time, maybe we can say this is an opportunity that every investor has been waiting for to make purchases when there is a decrease in value, not too worried about the decline that is currently sloping the market. and this is a market that we can say will not be stable in the long term, because it will change at any time, there is no strong prediction for the stability of value.

With these recent experience in the market volatility since 2019 I guess I don't care at all if the price drops with 10% actually the price possible daily drops with 2% and it seems gives nothing at all to me instead a greater opportunity to buy more coin if I have budget, my goal is for a long term with the bitcoin and wait for the next price that gives me a good profit, but if you are just a quick trader seems this could be painful to see that you lose already in a day. So still it depends on the user activity how they will react with the market price.

If the price of Bitcoin goes down, of course not a few people will panic selling it, especially if it drops by 10% to 20%, but of course there are also many who are still strong enough to hold BTC and only sell it when they have made a profit, but for beginners who lack insight, of course there are not a few who sell BTC. Because of panic, the price of BTC fell even though losses were incurred, such as when buying BTC at a high price and selling it below the price at the time of purchase.

a few days ago of course we saw an extraordinary drop in the price of BTC, if I'm not mistaken, I saw in the market up to 15%, but to be honest, I was also a little panicked, but I still stuck to my intention, namely that I invested for the long term and only sold it when the price of BTC over $80k. Yes, the point is that I always divide the capital and there are even BTC that I will not sell in the near future because I am sure that in the future the BTC price will be higher, but of course I am ready for the risk.

In my opinion, there are definitely lots of various kinds of advice to be able to control your own feelings and indeed as an ordinary human being it is difficult to be able to control your own feelings, especially when the BTC price drops a lot, but according to my experience, what makes me feel less panicked when the BTC price drops a lot is because I see BTC price never disappoints its holders and always makes new ATHs so as long as we are patient there is definitely potential for us to make a profit. Maybe that's all my advice and my experience. But of course many of your friends here have answered you questions well.

Only those who believe in Bitcoin invest in Bitcoin. Why would you invest your money in something you don't believe in?  We know that cryptos dump a lot at different times and it takes a long time to recover and that's why when bitcoin or any other coin has a big dump like 20% then many people panic because of this panic. clever thinking  Many people panic and sell their bitcoins because they think that the price of bitcoins will dump further. So if they sell bitcoins at a loss then they can later buy bitcoins at a lower price which will average out their investment. They lose a lot of money because of thinking themselves clever like that. And then regretted

well, for people who believe in bitcoin, I think it won't make them panic, and maybe see this as an opportunity to add more assets. However, depending on what causes the price of bitcoin to fall, sometimes someone who has quite a lot of assets in bitcoin will feel uncomfortable when the price of bitcoin falls, especially when the decline is around 10% to 20%. This might make the person nervous, and always check the price of bitcoin. However, I think quite a lot of people will take advantage of this moment to buy bitcoin to increase their assets.

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I understand you and technically it is like that, but it is more theory and even a myth, since you only have to have a certain amount, thousands (or very much +), so that you understand that if you worry, it is a natural emotion, it is another matter to know that according to each person's strategy this is simply a bad time, but the worry always appears.

It’s natural to feel uneasy during drastic drops, but controlling your emotions and sticking to your plan will serve you well in the long run .I have emotions , so I
experience panic during price drops, let's share how am I managing emotions when Bitcoin drops significantly.
I've committed to a strategy like Dollar-Cost Averaging (DCA), remind myself that short-term volatility is expected, and my long-term goal is to accumulate Bitcoin at different price point.I always remember that Bitcoin has experienced multiple corrections in the past and has often rebounded. Understanding historical trends can help me stay calm.

In reality people like Saylor know that volatility is inherent in the potential profitability that Bitcoin has. They don't care about draw-downs because they know they are inherent in the world's most profitable asset and so they keep buying no matter what: whether the price goes up, down or is on a sideways.

In my case, I would never panic because if the price of Bitcoin falls, it can recover quickly. Bitcoin price dropped from $70k to $48k a few days ago but the market is starting to recover. We must remember that investing in Bitcoin is a long-term investment. So before investing in Bitcoin you should have a plan to hold your investment for long term. Now if you can hold the investment for long term then you can definitely profit. Long-term investors never panic when Bitcoin price falls but instead try to increase their investment amount when Bitcoin price falls. So you don't panic when the price of bitcoin goes down, you have to believe that the price of bitcoin will go up a lot in the future.

I have been in cryptocurrency for a long time. I observed a few halving events very well especially I was optimistic about the last halving. I knew Bitcoin would create the new all time high. I'm trying my best to hold Bitcoin by following DCA. I am not concerned about the price of Bitcoin. I know that Bitcoin will recover even if it takes a big fall. I rather consider the time when the price falls as a buying opportunity. I plan on long term holdings of Bitcoin. I know this bitcoin price will show ups and downs so I'm not too worried about it.

Well what do you expect them to do especially when their target is to possibly get the little they can from the market and then you wake up and see the price already showing red all long, it will definitely give you a panic and again it's probably because they still have the mentality that Bitcoin might suddenly draw or drop back to maybe $20k so everytime the market turns red they fear for the inevitable that's playing on their taught but that's not the same case for other crypto enthusiast.

A dip in the market is what everyone should be used to, because before anyone joins crypto, they should know about the market volatility. The bitcoin price can rise and drop at any moment. Most people are always happy when there is an increase in the bitcoin price, but when there is a drop in the market, they do end up panicking and selling off their investment, which they don’t know is an opportunity to accumulate more bitcoin at a cheaper price.

That’s why, when investing in bitcoin, it should be for the long term. If you invest today, any slight dump in the market, then it’s going to affect the amount in which you invested, but if you have invested for a long time, then you will have been making good profits already, so even if there is a dump in the market, it’s not really going to affect those people.

To be fair, it wouldn't make any sense for someone like Michael Saylor complain about the bear market, or anyone with a large enough bag, unless they were about to make a move and buy more. Influencers have moved the markets in the past and if you want your bags moving up, last thing you want to do is to sow fear.

It's unspoken contract and pretty transparent if you think of it, to try to hype everything you hold and fud competition or something you don't have (yet). No one in their right mind would cry about the price that they want to go up. That being said, i don't think that all speculators are "in their right mind". Some are self-destructive and have trouble controlling their outbursts.