Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 3. (Read 2004 times)

Suppose I invested 1000 dollars when bitcoin was 73 thousand dollars and till now the market is down to 61 thousand dollars so till now I hold my investment I decided to sell my bitcoins until I come to profit  I won't do it. Even if bitcoin gives 10-20% percent dumping in a day, I am not upset because the crypto currency market is completely uncertain, any kind of situation can come in this market at any time, so I have been in such situations many times from previous experience. So no matter how dumping-situations the crypto currency market goes, if you keep your investment for a long period of time, your investment will definitely return to profit at some point.

Now it depends, what you exactly doing with the Bitcoins. If you are just a long term investor then it doesn’t at all matter if the price falls till 20% in a day. But yes if you are a trader and that too trading in futures, then definitely you will start panicking. I have been doing both, I have some good investment and I was also trading in the futures in BTC/USDT pair. In the last week, I lost almost 2000$ due to the sudden market crash. I was doing futures trading for which I made losses. On the other hand, my Bitcoins investments are still untouched. I know the price will soon recover and I will get good profits in the long run.

I am used to Bitcoin being volatile and dips don’t really affect me but when there is such a large drop in a single day, like we had earlier this week, it is certainly disconcerting. I wouldn’t call it panic but it does feel like a punch to the gut when you see your portfolio bleeding out. Still, it is important to keep things in perspective. Bitcoin has come a very long way in the past year and it’s not the end of the world if the market sees some bad days.

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.

Panic? No.

I make popcorn and sit back and enjoy watching others panic. 

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.

if you are investing for a long time then you should not be bothered with whether the price is coming down or not, you will sell when ever the price recovers, i know their is no way your mind will not think about the money you are losing, and having a job will reduce the you concentration you give to the market the only time you should have business with market will be when the markets turns green because if you want to constantly be watching the market you will just get your self frustrated so it is better to leave it and keep your ears to the ground. its good we know whether we are in profit or loss. their is no way that you wont lose and not make money.  and there no person that wont panic when the price fall below 10-20 percent. that's a very bad fall so when it happens we should just accept it, because when the market is down their is nothing you can do, just because you invested in bitcoin does not mean you will have to check the market everyday so that you don't give your self hypertension.

That is the best opportunity to buy BTC because the more it dump in the market the more those that understand the system continue to buy and hodl for bull run to occur before they can trade to make profits from the market. If you are waiting for the dump that happened in 2022 to happen in this 2024 before you can buy BTC, I don't think you will be able to buy BTC and store to your wallet because it will be difficult for the price of BTC to dump below $50k before the bull run will take over the market.

I don't think, your prediction will see the light of the day because there will be bear season next year which you can see the sign from the market already, and the price has dump from $73k to $55k for you to know that bull run will going to occur 2027 till the end of 2028, but is just a prediction.

Our main problem is that when we invest in Bitcoin or other cryptocurrency coins, even though we say we are investing for long term, we see the market several times a day whether we are in profit or loss. And it makes us panic when the price of Bitcoin goes down by 10-20% and our investment amount comes down by 10-20% right after buying Bitcoin. Refraining from watching investment crypto prices frequently can be a good solution to reduce panic. And for this it is necessary to occupy oneself in some other work or in some other thing

Why be scared then? You know that Bitcoin's only going to go up because presumably you've been through more than one cycle by now.  So it makes no sense to panic over your portfolio going down by 10% or 20% unless you've only just heard about bitcoin and bought it yesterday like the guy above you wrote. But even that can be solved by not looking at the price more than once every 12 hours.

Dump more then 10-20% in 1 day in crypto like bitcoin is may cause a fear Because we know much of Bitcoin's pre-history that Bitcoin's price went down a lot from ATH. So it's natural to be scared when such massive dumping takes place. Something like that happened recently. However, those who know the history of Bitcoin also know very well that if Bitcoin is held for a long time, it can give many times more profit, so those who are real holders are not afraid of any situation.

It may affect you when you bought bitcoin and saw such a correction for the first time, but when you see that it happens for the tenth or twentieth time, then you can take advantage of it, just always have an available deposit in stablecoins and on the next such correction try to buy and earn these 10%. I always like to repeat that the market very often gives good opportunities to earn, you should never think that it is too late, because if you have enough patience and a good reserve of stablecoins, then you can always earn, the most important thing is never rush and do not buy on a growing market, because there will always be another correction...

Ive known someone or simply my friend whose really that being in this market for 2 cycles or simply its been 8 years on which he still having that kind of reaction whenever the market would really be having those kind of movement on which 10-20% decline or rise on which this what makes him look like a noob but he's actually not but on the actions that he's really that doing then he do look like one.

Usually you would really be able to see people around on freaking out on the time that they are seeing deep negatives specially into their investment or portfolio on which instead of panicking and selling out on loss.
Why they cant really just that able to consider on making some buybacks or DCA? People would really be only starting on doing such thing on the time that they will really be seeing those green long candles
on which they should really have done this on the time that the community or investors are at on extreme fear and anxiety. This is the sweetest spot that you could really be able to enter.

Market would really be only having that two possible movements on which it would really be going up and down. It wont really be having that one movement forever on which it would really be that
recommended that you should really having some savings or keep up funds on which is really that intended for DCA specially on the market is really that making that heavy correction.
It would really be that wise on making such considerations on which it would really be something that put you on advantage.

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.

people that will panic when price of bitcoin decreases is newbie in cryptocurrency investment mostly, because I know that someone who has invested in Bitcoin like triple times has acquired the experience of bitcoin kinds of flow in cryptocurrency network, so I know very well that in cryptocurrency people who always be afraid of bitcoin is people who doesn't know the rudiments of cryptocurrency investment and especially bitcoin

So I know quite well that people doesn't trust bitcoin mostly when the price is decreasing in value, but once the price get accelerated, people began to rejoice and praise the existence of bitcoin, not knowing that the price of bitcoin is not constant, I know that bitcoin price what makes it to increase is the level of the demand, so when the demand is not high the price will crash.

Folks, the market is a wild ride. For those of us who have been around, though, it is not about fearing. Its about considering the whole picture. Every dip? There is a purchasing chance here. Every crash? Its an opportunity to load up on assets during sales. Thats the way smart money is earned, folks.

The value of Bitcoin goes beyond mere digital money. Technologically, we are living in revolution. And it returns stronger every time it suffers. We can all learn from this since distributed finance has great power.

Still, it goes beyond just money. Its about knowing the mechanics of the planet. Its about realising things are impermanous. The market rises as well as declines. That is simply how it is.

The secret is to avoid becoming mired in the feelings. When times are good, avoid becoming avaricious; when they are tough, avoid reacting with terror. Simply keep going ahead and stay concentrated on your objectives.

It's okay to be sad in as much as you ain't panicking because it's out of panicking that some traders sell at loss or prematurely. Frankly speaking, no body is really happy about the price of bitcoin falling to above 15% within 24hrs, however, while many expectations are projected towards a new ATH straight up, others are praying for a one time dip to occur before the ATH. It is actually to every investor according to his strategy but generally at the end of the day everyone who hold for a long term will be in profit because the bears won't be here forever.

I am not panicking but I am a little sad, because it will take a longer process to reach a new high price.  Maybe every user has a different way of responding to this. They have different techniques to profit from bitcoin's price volatility. Not everyone is as capable as you. The easiest way is to hold it for longer, even though it requires good emotional control.

On the contrary, I am only happy about this. I have long understood that HODL is a stupid strategy, and therefore when the price reaches a local maximum, I sell my Bitcoins and transfer money to stablecoins. And this is the only correct way to increase your deposit. Therefore, now I am waiting for Bitcoin to fall, and the lower its price falls, the better it will be for me. I advise you to think about a similar strategy. This is how bears make money in the market.

Most of the communities here on our forum platform who have a deep understanding of Bitcoin are not concerned when there is a fall in its price in the market. Because this is even an opportunity for them to buy Bitcoin at a cheap price.

That's the simple trend in traditional business; in fact, it's the same here in the bitcoin industry, so for traders who have really entered the field of bitcoin business, it's no longer difficult to understand; rather, it's easy for them to understand. indeed.