No need to panic, why are you panicking so much? Is it because the price continues to fall and you think bitcoin will go to $50k in the next few days? I don't think so, although it might be best to buy at a discount.
Will remain HODL until the price to $100K is the closest target and many severe expert predictions will also occur in 2025 so just wait no need to panic.
Calm your mind, if the price drops BUY, don't wait for the price to rise again you will regret it.
Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 10. (Read 2004 times)
June 28, 2024, 03:42:54 PM
June 28, 2024, 03:35:44 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 ?
Before, years ago I was. But until I was able to develop my sense of being calm thanks to this market, I'm no longer panicking. I can say that my weak heart before became stronger due to it. And as long as I've got some budget to spend, I'd make sure myself that I get some addition to my stash before the great bull run comes. I've learned from my mistakes the hardest way and that's because of early selling, so, being patient and prepared really pays off.Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Don't look at the charts.Don't look at your portfolio.
Avoid checking the price that moment.
June 28, 2024, 03:28:56 PM
Why the unnecessary panic when I know that it will surely rise again, when I invest and hodl I don't have to worry myself on anything like that except for those who are yet to understand the way the market price volatility works, moreover this is only a consideration of one single day, not even on a long term, for some investors, they dont even take it that serious when they know they could easily make it up with time and earn more profits by holding, bear market is not a time to sell but instead for us to hold.
June 28, 2024, 03:13:06 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 ?
There will be no panic when the price drops reach 10% to 20% in 24 hours because that is an activity that I consider normal where before the drop reaches that percentage there has been an increase and it becomes something that will have a good impact in the future as a reinforcement.Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
For me personally, maybe I can, but to be conveyed here specifically there is nothing because I myself am not a good advisor.At most I can only say be patient that going up and down is a market routine.
June 28, 2024, 03:06:03 PM
No need to panic buddy, the decline in the price of bitcoin is part of this market volatility we often go through where the price of bitcoin drops by more than 50% during the bearish season and also a 20% indirect decline in 1 day is a few days of bitcoin then if you count for 1 week maybe yes.
Not affected by bitcoin now, not caring about the decline there is something to do is buy during the decline isn't it better than you panic?
Now people mention buy DIP if they have money buy at once, if you can only afford to do DCA then keep that strategy, don't panic that the real bullishness hasn't happened yet so it's definitely possible that the price will go up even ATH in 2025.
Not affected by bitcoin now, not caring about the decline there is something to do is buy during the decline isn't it better than you panic?
Now people mention buy DIP if they have money buy at once, if you can only afford to do DCA then keep that strategy, don't panic that the real bullishness hasn't happened yet so it's definitely possible that the price will go up even ATH in 2025.
June 28, 2024, 02:53:13 PM
It's been 8 years since I first learned about the crypto world and no longer panic with a 10%-20% drop, it's normal and not extreme enough.
I once experienced a 90% decline in my portfolio, and it was an amazing experience because of the decline that almost made me panic and sell cheaply.
But I held on until the bullrun came back.
The need to do management will be very useful when a bear market has come in and buybacks can be done so that there will be no more panic.
A decline like now will train trading emotions so as not to be too rash and panicked to sell.
Make sure everything goes according to plan and the decline is an opportunity to accumulate the crypto assets we have.
The more we buy when the bullrun is down, the more profit will be obtained when the bullrun arrives.
I once experienced a 90% decline in my portfolio, and it was an amazing experience because of the decline that almost made me panic and sell cheaply.
But I held on until the bullrun came back.
The need to do management will be very useful when a bear market has come in and buybacks can be done so that there will be no more panic.
A decline like now will train trading emotions so as not to be too rash and panicked to sell.
Make sure everything goes according to plan and the decline is an opportunity to accumulate the crypto assets we have.
The more we buy when the bullrun is down, the more profit will be obtained when the bullrun arrives.
June 28, 2024, 02:46:54 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 think accepting every situation that happens from the beginning to have a comfortable mentality. Normally we all want good things to happen in life and the convenience we want in investment is the key grow with profits. But let's be realistic that life has billions of problems that we face every day, like accidentally walking on the road and a drunk driver hits you. So stay calm even when you know you will eventually die, be mindful of each moment in life, I think in the crypto space we are susceptible to emotional manipulation of prices somewhat because it's actually linked too much to current life. If you haven't identified it as a leisurely, strategic, speculative, risky investment... then your psychology will always be disturbed by unexpected situations. So be honest with yourself, you have to learn many other things.
June 28, 2024, 02:24:54 PM
Not assuming that someone does not panic when their money shrinks is quite naive because after all it is the nature of humans who will always experience panic in some unfavorable conditions for themselves. as well as for investors who are in bitcoin because panic must exist and it is a natural thing as a form of expression that we have. But in the end what distinguishes this is how capable you are of mastering yourself (controlling yourself) so that the situation does not get worse for the future because the category of panic will clearly be different considering that there are those who panic and sell even though they experience losses and there are also those who do panic but try to keep their emotions under control and think calmly.
Those who have been in bitcoin for several years may have experienced conditions where bitcoin has decreased even more than 50 percent in the past few years but in the end when their hands were strong and managed to control themselves well they could master the panic they had until now it indicates that panic is still there but it depends on how our attitude is in minimizing the panic.
Those who have been in bitcoin for several years may have experienced conditions where bitcoin has decreased even more than 50 percent in the past few years but in the end when their hands were strong and managed to control themselves well they could master the panic they had until now it indicates that panic is still there but it depends on how our attitude is in minimizing the panic.
June 28, 2024, 01:48:25 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 can't remember the last time Bitcoin plunge and do 10-20% in a day, it did 9% during the volatile days of Bitcoin halving but we all understood that during those Bitcoin, it can be very volatile with + or - some percent, it's normal. However, when you understand the nature of Bitcoin and knows how volatile it has been in the past, you don't have anything to worry about because that's how Bitcoin really does. It can give you -5% today and gives you +20% later, that's how it works.
The time you bought Bitcoin is really important, if you buy at the top, you should expect such kind of decline in price because after Bitcoin must have pump, there must be a healthy connection and the worst that can happen about it is getting like 50%, so if you bought Bitcoin at the top then you should really be prepare for dump but doing dollar cost average will help you achieve a lot if you buy more as the price goes down.
June 28, 2024, 01:42:24 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ?
This kind of Bitcoin market price dip is not new to me anymore. I have witnessed several events like this but Bitcoin is able to recover the price and eventually rally to new heights. If Bitcoin don't have the rebound capability then we won't see Bitcoin at its current price. We just need to believe on the Bitcoin market while keeping ourselves updated on the Bitcoin events.
Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Have trust in the Bitcoin market and don't be short-sighted. Bitcoin had performed well in its years despite of being highly volatile. If one has target price in mind, just have patience and that target price as long as realistic will come true.
June 28, 2024, 01:35:23 PM
You should only panic if you sell your holdings when bitcoin dips as -20% then bitcoin price increase after because it is considered as loss.
It's okay to be frustrated at the price but as long as you didnt sold your holdings you shouldn't go panic and it shouldn't be considered as loss.
I don't think newbies understand that. They always have this belief that once the amount of bitcoin they held in their portfolio is at a loss, they won't recover it back which will put them in a panic mood, forgetting that they only lose if they sell, but so longer as they choose to hodl long, they will end up to be at profits afterward.It's okay to be frustrated at the price but as long as you didnt sold your holdings you shouldn't go panic and it shouldn't be considered as loss.
Newbies mentality has to change on that aspect. We need to let them know that they shouldn't just focus on the downtrend of bitcoin because it will surely come up in price.
June 28, 2024, 01:03:09 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 ?
Like everything else, the only way to achieve this is with practice, several years ago when I was just starting out I was severely affected by those kind of movements and I got worried about bitcoin and my investment all the time, but as I learned more about this market and how it moves, I got used to it and so far I have survived two bear markets, with the crypto winter of 2018 being specially harsh, so whenever the market moves down and I see others which are just like me back then, I can understand their worries but given enough time they will learn just as I did. 
June 28, 2024, 12:38:32 PM
It ultimately depends on how much you believe in bitcoin. For instance, I strongly speculate it's just a matter of time before we reach the 6 dight mark in price so I have kept some sats I'm hodling for long term.
Further, I have my savings+emergency funds+other investments hence I do think I can afford to take in more risk. I believe I have managed my risk appetite well so I don't feel like I'm one step away from eating canned goods for a year or something lol.
Further, I have my savings+emergency funds+other investments hence I do think I can afford to take in more risk. I believe I have managed my risk appetite well so I don't feel like I'm one step away from eating canned goods for a year or something lol.
June 28, 2024, 11:55:34 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...
I used to panic earlier, but I later due to being a member in this forum stopped panicking because I took advantage on the experience of people in this forum that it was a normal thing. People who still panic are new people who are mostly not members of any community where people encourage each other. To a large extent, Bitcoin is predictable so there is no need to be scared when the price goes down because we are aware that the price will always go up at the appropriate time.
We are used to the market, that is why we are confident from experience. 
June 28, 2024, 11:30:24 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 ?
During my early days of investing in Bitcoin, I am always looking at the price movements. But it became clear to me that you don't need this daily monitoring if you have the intention of keeping your coin for a long time. So I have learned to overlook the daily price because it will always go up and down. This is why using the DCA method to purchase your coin is the most appropriate because you take advantage of the drop. To a large extent, Bitcoin is predictable so there is no need to be scared when the price goes down because we are aware that the price will always go up at the appropriate time. So the best option will be to plan how you want to invest so that you don't sell your coin below the price you bought. You should always invest what you can afford to live without and ensure you have an emergency fund that will help you keep your funds no matter the financial pressure. There is no need to fret because Bitcoin has not failed to rise during the bull run.
June 28, 2024, 11:29:06 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 ?
Only those don't understand bitcoin very well that will be worried when the price of bitcoin is going down. When the price of bitcoin is going down it is better to just hodl because selling out the bitcoin can be at lose but while still hodling it is possible to recover your money back when the price increases again. I have understand the market very well which I don't need to be panic when the price drop. Those who are fraid when the market drop is either they do not understand the market or they are trying to make money quick from their investment. 
June 28, 2024, 11:25:46 AM
Well, that should be a normal thing, but this will cause the price effect on other altcoins to decrease as well. However, with conditions like this, we need to really think about what steps we need to take. For people who believe in the potential of the coin, I think they still won't panic, and will probably make another purchase. Meanwhile, those who panic may sell or make hasty decisions. Personally, I will probably continue to hold the assets I own, but it all depends on what information makes the price of bitcoin go down.
June 28, 2024, 11:20:58 AM
I was worried about the price in 2018 and 2019, but I eventually got used to the bear markets, and Bitcoin recovering from the 2018 fall and establishing a new ATH in 2021 made me confident enough in Bitcoin in the long run. So, no, since that time, I have not been concerned with the price dynamics. I know that Bitcoin is volatile; that's how it works when the currency has no regulated price or monetary policies. Volatility is also not bad per se, as it gives traders opportunities. As for long-term holders, it is irrelevant to them, and it teaches a good lesson: patience.
June 28, 2024, 11:16:42 AM
10%-20% is big, but since I've hold Bitcoin since 2019 and didn't sell during Covid pandemic, I would say that I'm not panic because I trust in Bitcoin.
If you have been in this market in 2019, you have have reacted panic in 2020 with March crash because of Covid-19 pandemic announcement from WHO. It's very challenging and stressful for newbies to don't panic sell at that moment.You succeeded to hold your bitcoin because you joined this market earlier than 2019, that's true.
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As long as you invest what you can afford to lose, I think you will not panic even though Bitcoin price falls really big.
If they started not with this mindset, they will not be ready for market volatility and will be most favorite targets of market makers. Less prepared means more easily to feel fearful and panic sell as expected by market makers when they release fud news.Quote
Invest is for long term prospect, even though there would be many moments could make you in doubt, as long as you hold your coins, I'm sure you will not regret.
ROI from Bitcoin investment in long term is very good and it has been proven since 2009.https://casebitcoin.com/
June 28, 2024, 11:12:42 AM
Big drops happen. They can even make the most experienced investors a little queasy. But if you did your homework, this is nothing new. When Bitcoin was worth about $30000, I made my investment. And I have my eyes fixed on the $120,000 (maybe more) prize. That is the long term strategy. So when these little dips happen? They're just bumps in the road.
Dont bet the farm on Bitcoin. Diversify. Spread that risk around. And dont check your portfolio every five minutes. It should be done once a month. Every small fluctuation on the charts should not terrify you.
Everyone takes losses. Even the big guys. Its part of the game. But the winners? They calm down. They follow the plan. They pick up lessons via their errors. And they are aware of this: the money is not everything. Its about having the guts to stick with it. Its about being smarter than the market.
Dont bet the farm on Bitcoin. Diversify. Spread that risk around. And dont check your portfolio every five minutes. It should be done once a month. Every small fluctuation on the charts should not terrify you.
Everyone takes losses. Even the big guys. Its part of the game. But the winners? They calm down. They follow the plan. They pick up lessons via their errors. And they are aware of this: the money is not everything. Its about having the guts to stick with it. Its about being smarter than the market.
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