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 ?
Well if you get affected on that 20% drop of price in a day then i can say that you are still new in crypto or maybe you still did not experience some huge drop of its price before, bitcoin is always in a pump and dump situation for so long and it is not new to us or to those who are following the bitcoin when it is still very low at price. Bitcoin experienced so many trouble before which makes its price sink into the bottom but it rise back so for me it is not a big issue when it drops 20% in a day as long as it has a value there is a big possibility that it will rise back. 
Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 2. (Read 2004 times)
August 12, 2024, 07:43:41 AM
August 12, 2024, 03:51:32 AM
Well, no. I would say it is incompatible. If you're going to be a bitcoin holder you have to expect volatility like that as a matter of course. It's not going to happen every day but you have to be prepared for it to happen from time to time. And just like you don't have to panic when it happens on the downside, don't get too excited when it goes up by those percentages and sell early
People participate in Bitcoin market know more or less about its volatility and accept risk. Some people know about volatility but don't see it as risky factor in bull market and only start to feel this risk in corrections or bear market. But the market is here, volatility exists and does not care that market participants feel about its volatility as chance or risk. It's up to market participants to understand about Bitcoin volatility and have proper strategies for either trading or investment.So, this is to tell you that even what seems or ordinarily should be an opportunity can turn out to be a nightmare because of lack of money, so, if we must be sincere with ourselves, bitcoin price dropping 10 to 20 percent in a day, can be seen as opportunity to those who have the funds to DCA back in at that lower price,
Volatility is the same, assumes it is 10% or 20% in a day, but when price moves up people feel good but they feel bad and panic when price drops with similar percent.They don't understand that they won't have good price growth if there is no correction and volatility is part of the game they are participating in.
legendary
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August 12, 2024, 03:38:53 AM
To be honest when I see such drop in Bitcoin price I feel good, cause I see the drop in price as an opportunity not a crisis.
Since the inception of Bitcoin this has been the story line dip and make a new ATH on your way back up it’s a win win situation for those who understand and Believe in Bitcoin.
Well, I agree with you though, but only the basis that one has some money laying around somewhere with which he or she can use to take advantage of the opportunity. For what is an opportunity like this good for when you have invested every penny you have and just then, the price dips 10 to 20 percent? You are definitely going to wish you had waited a bit before buying or investing.Since the inception of Bitcoin this has been the story line dip and make a new ATH on your way back up it’s a win win situation for those who understand and Believe in Bitcoin.
So, this is to tell you that even what seems or ordinarily should be an opportunity can turn out to be a nightmare because of lack of money, so, if we must be sincere with ourselves, bitcoin price dropping 10 to 20 percent in a day, can be seen as opportunity to those who have the funds to DCA back in at that lower price, for those who have initially invested everything and only waiting for the price to rise so they can sell and make some profit, such a drop can definitely be a problem for them, rather than it being an opportunity, same way a man's food, can be another man's poison.
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August 12, 2024, 03:33:25 AM
Well, no. I would say it is incompatible. If you're going to be a bitcoin holder you have to expect volatility like that as a matter of course. It's not going to happen every day but you have to be prepared for it to happen from time to time. And just like you don't have to panic when it happens on the downside, don't get too excited when it goes up by those percentages and sell early.
Or to do nothing. It is very difficult to time the market, when it has fallen you don't know if it will continue to fall. For the common mortals it is better to buy every x time, as far as you can and forget about it.
A drop is always a good time to buy, if you feel otherwise then you've done something wrong, maybe you lack the knowledge about how the market moves or you invest money that you aren't ready to lose.
Or to do nothing. It is very difficult to time the market, when it has fallen you don't know if it will continue to fall. For the common mortals it is better to buy every x time, as far as you can and forget about it.
August 12, 2024, 03:20:34 AM
I only panic when the price goes down and I`v got no cash to buy some more 
Almost the same here, but I entered at a very good time, I bought BTC at 17,500, this is very far away from my buying point, so even if Bitcoin doesn't go back to 20k I am still good, I got good amount then I don't have to buy anymore for now until the next bear market, entry point matters a lot, if target well any small DPS won't affect you a bit.
A drop is always a good time to buy, if you feel otherwise then you've done something wrong, maybe you lack the knowledge about how the market moves or you invest money that you aren't ready to lose.
August 12, 2024, 01:22:40 AM
To be honest when I see such drop in Bitcoin price I feel good, cause I see the drop in price as an opportunity not a crisis.
Since the inception of Bitcoin this has been the story line dip and make a new ATH on your way back up it’s a win win situation for those who understand and Believe in Bitcoin.
Since the inception of Bitcoin this has been the story line dip and make a new ATH on your way back up it’s a win win situation for those who understand and Believe in Bitcoin.
August 11, 2024, 04:00:05 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 are two people I know that panicking whenever the price of bitcoin falls. The first set are those who invested for short time and the second group of people are the ones who not investing but earning from campaign. Because these two set of people want bitcoin to be at the highest top at all time so that they can sell.
But foe those who are investing for long term do not panic and they are happy that the price of bitcoin is falling because they would buy more again.
August 11, 2024, 03:32:39 PM
Those who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
The price for fall of bitcoin should be something that people are supposed to have gotten used to by now because situations like this not only bitcoin experience the rise and fall, this is something that occurs in all markets, being it stocks or physical markets you will still experience rise of fall. The price of bitcoin is always changing due to news and other things. The drop should be an opportunity to those that want to be accumulating, just that the method of accumulating does not work for everyone because the price might be down and you might not have funds to be able to buy, except if their is a reserve that when ever the price comes down you can buy from the reserve.
Does that actually are just investing in bitcoin may not make much money from it if they actually want to hold because If you are holding When you start holding at the price of 60k then how long are you going to wait for a very long time to make the kind of profit you want except if you want to trade. The earlier you start the better place you are to invest in bitcoins. Those that have invested for sometime now or even buy at a lesser price are not affected rather they are in profit depending on the price they buy.
August 11, 2024, 12:46:19 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 ?
Regarding Bitcoin we know how much potential Bitcoin has for the future so a 10-20% dump is not a bad comment about Bitcoin. If one wants to make a long-term investment, one should not panic because after a period of time the price of Bitcoin will increase. Recently Bitcoin had a big dumping but look how much it has recovered today. While such dumping is alarming in short-term investment, it may not be a problem in the long-term. And those who are afraid of seeing such will never be able to holdThose who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
August 11, 2024, 10:15:23 AM
Those who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
I fee like people that panic when the Bitcoin price is tanking need to be arrested. The day Bitcoin make 10% to 20%, they rejoice in silent and all feel goosebumps over their body but the day it nosedive, they act like somebody is killed. That's not how real investment work, the only investment that gives you continuously without any shake is only a scam investment or high return promised investments and perhaps money invested as a politician and that's equivalent to stealing public money.
When I see Bitcoin price doing what it's known best at, I just lock up because there are people that lose money worth 10 times of what I have invested and this profit are unrealized profit. If you don't sell anything from your wallet, you lose nothing. The Bitcoin own it own will come back to the top with time, the panic is just waste of emotions and calories in my opinion.
August 11, 2024, 10:14:37 AM
Regarding Bitcoin we know how much potential Bitcoin has for the future so a 10-20% dump is not a bad comment about Bitcoin. If one wants to make a long-term investment, one should not panic because after a period of time the price of Bitcoin will increase. Recently Bitcoin had a big dumping but look how much it has recovered today. While such dumping is alarming in short-term investment, it may not be a problem in the long-term. And those who are afraid of seeing such will never be able to hold
Those who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
Its about self-knowledge not only about market knowledge. The same lesson we attempt to impart to our children is not to let every minor setback cause undue response. Plan long-term. The same is true of Bitcoin. Its a teaching in discipline and patience. Its about realizing real progress requires time.
Dont just speak numbers about Bitcoin. Talk mindset. Talk about cultivating the kind of resilience and viewpoint that result in wise choices in life as much as in business.
August 11, 2024, 08:51:28 AM
Quote from: Zanab247
Quote from: EFS
I've been in this market for so long that I almost never react to momentary price drops. I always plan for the long term and I don't get upset when I miss momentary opportunities, I know they will come again. I don't do a lot of short-term Bitcoin trading. I can understand those who panic, many of them try to make a quick buck with futures instead of spot trading, but they usually end up losing what they have.
When you have the experience, nothing will move you when the price drop more than that in the market because you know it will going to pump higher when time come, which is the difference between new hodlers and old hodlers. The profit that attach to short term BTC business is a little profit compare to long term business which is plenty Profits because you have some sacrifice to make which is the hodling the BTC for long period of years before you can trade to earn such profits, and you will be very happy with what you will receive from the trading. That is what I think also, short term hodlers are victims of panicking in the industry, whenever the massive bear run hit the market, and they will conclude that it will not going to pump higher again which is their mindset.
August 11, 2024, 08:16:00 AM
Quote from: EFS
I've been in this market for so long that I almost never react to momentary price drops. I always plan for the long term and I don't get upset when I miss momentary opportunities, I know they will come again. I don't do a lot of short-term Bitcoin trading. I can understand those who panic, many of them try to make a quick buck with futures instead of spot trading, but they usually end up losing what they have.
When you have the experience, nothing will move you when the price drop more than that in the market because you know it will going to pump higher when time come, which is the difference between new hodlers and old hodlers. The profit that attach to short term BTC business is a little profit compare to long term business which is plenty Profits because you have some sacrifice to make which is the hodling the BTC for long period of years before you can trade to earn such profits, and you will be very happy with what you will receive from the trading. That is what I think also, short term hodlers are victims of panicking in the industry, whenever the massive bear run hit the market, and they will conclude that it will not going to pump higher again which is their mindset.
August 11, 2024, 08:09:20 AM
Regarding Bitcoin we know how much potential Bitcoin has for the future so a 10-20% dump is not a bad comment about Bitcoin. If one wants to make a long-term investment, one should not panic because after a period of time the price of Bitcoin will increase. Recently Bitcoin had a big dumping but look how much it has recovered today. While such dumping is alarming in short-term investment, it may not be a problem in the long-term. And those who are afraid of seeing such will never be able to hold
Those who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
August 11, 2024, 07:10:20 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 ?
Regarding Bitcoin we know how much potential Bitcoin has for the future so a 10-20% dump is not a bad comment about Bitcoin. If one wants to make a long-term investment, one should not panic because after a period of time the price of Bitcoin will increase. Recently Bitcoin had a big dumping but look how much it has recovered today. While such dumping is alarming in short-term investment, it may not be a problem in the long-term. And those who are afraid of seeing such will never be able to holdThose who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.
Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.
August 11, 2024, 06:02:34 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 and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Regarding Bitcoin we know how much potential Bitcoin has for the future so a 10-20% dump is not a bad comment about Bitcoin. If one wants to make a long-term investment, one should not panic because after a period of time the price of Bitcoin will increase. Recently Bitcoin had a big dumping but look how much it has recovered today. While such dumping is alarming in short-term investment, it may not be a problem in the long-term. And those who are afraid of seeing such will never be able to hold August 11, 2024, 03:48:51 AM
Im in crypto for more than 5 years. I almost don't feel anything anymore. Just think about long term
August 11, 2024, 03:26:53 AM
I take the DCA approach with Bitcoin so I look at big price dips as a positive. When there is a big drop in BTC I increase the amount I buy like this past Monday. My goal is just to keep it simple and acquire as much Bitcoin as possible. Long-term, it's going to be a lot higher than today so dips are good days for me.
Perhaps that is a good idea. Buying bitcoin every dip gives us a huge chance to earn more, believing that it will become more expensive in the coming years. And as we are buying bitcoin at a cheaper price, we never feel worries or pressure, but instead, we remain calm and easy. There is a reason why we should have a concrete plan to follow, as panic will come if we are not confident enough in our plan.If we are into investing, especially in a volatile market like crypto, we also need to learn how to be strong and understanding of the situation because, whether we like it or not, the price can drop at any time. If we are too emotional, negative thoughts will appear in our minds and cause us to make the wrong decisions.
August 10, 2024, 08:49:51 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 ?
Why panicking when the goal is for long term, those who panic more are those who are short term traders for few dollar profits, approaching investment with emotions attached to it can become problematic by making a hesitant decision, building your psychology in terms of getting certain level preparedness of expecting the downward and upward market condition will help you understand that it is just the nature of the market such that instead of panicking you have to take advantage and buy more Bitcoin at a lower price and hold. No panicking for me.
Do you check the price every time it plummets? Are you running around trying to find out what caused the market to decline? Do you feel happy when your net worth drops? If you have those things then you are also showing anxiety, although not to the point of panicking and dumping.
We feel happy and excited every time the price increases. It's normal to be sad and a little scared every time the market is dumped because it's just a human emotional reaction.
Although I have been in the market for a long time and bitcoin being dumped is nothing new to me, and my investment is still generating significant profits even when bitcoin falls below $50k. But to be honest, I'm still a bit worried when I see bitcoin drop 10%-20% in one day, and of course I was only worried for a moment and didn't sell my bitcoin.
August 10, 2024, 05:25:45 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 ?
Why panicking when the goal is for long term, those who panic more are those who are short term traders for few dollar profits, approaching investment with emotions attached to it can become problematic by making a hesitant decision, building your psychology in terms of getting certain level preparedness of expecting the downward and upward market condition will help you understand that it is just the nature of the market such that instead of panicking you have to take advantage and buy more Bitcoin at a lower price and hold. No panicking for me.
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