Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 3. (Read 1060 times)

When the price starts to fall, a new buying opportunity arises. Price drops are always an opportunity in Bitcoin investment. Bitcoin investors should not expect big profits in the short term. Bitcoin has always provided returns in the long run and this is known. The declines in Bitcoin do not affect me much. I know that the Bitcoin price will rise again. Sometimes it takes a long time to wait, but eventually the Bitcoin price starts to rise.

More purchases can be made when the price drops too much. Bitcoin will always make new ATHs, so dips are an opportunity to buy.

10-20% in a day is actually surprising, knowing the actual purpose of bitcoin investment can prevent an investor from emotions and panic. Bitcoin price fluctuate so no investor will say bitcoin price can never dip, the dip is an opportunity to buy more if only an investor is not satisfied with their portfolio or else an investor can just hold for the long run. I believe every investor will definitely have their different opinion when it comes to accumulating bitcoin as most investors buy during the dip only and hold for the bull market so all this depends on the target and plan, I will always advice any newbie to continue dca strategy with a perfect plan to avoid emotions.

I will be even more happy if the price of bitcoin falls every day, because that is my chance to get a profit from bitcoin in the future. Many communities in the crypto space are praying that bitcoin's price will drop deep in the market.

A deep liquidation or correction will happen to bitcoin. It is certain that the price of bitcoin will be raised in the market, and this time there will be an uptrend again in the future, that's for sure. This means that the drop in bitcoin is an opportunity, not a frustration, for the mature crypto enthusiast.

In this phase, I never panic when the price of bitcoin goes down. Maybe now I have more confidence in Bitcoin.

Apart from that, if you always panic when the price of Bitcoin drops drastically, it must be caused by several factors.

The first factor is definitely a matter of knowledge, I'm sure you are panicking because you have a high fear that the price of bitcoin will not rise again. This thinking is quite common among beginners in the field of bitcoin investment, because of course they don't have extensive knowledge about the bitcoin price cycle, or anything else. Therefore, their minds are still filled with great fear when the price of bitcoin experiences a drastic decline.

The second factor is definitely caused by a mentality that has not been properly trained. Because according to my personal experience and also from several friends I know. Feelings of doubt or fear when the price of Bitcoin falls still remain, even though knowledge about Bitcoin has been explored to the maximum. It turns out that this is caused by a mentality that has not been properly trained or accustomed to. In essence, this is quite natural, because most people are sometimes not completely sure about an object such as a bitcoin investment asset, until they actually experience and feel it directly.

The third factor is definitely caused by short-term bitcoin investments. It is certain that short-term bitcoin investors, especially beginners, will be very afraid and worried when the price of bitcoin falls. Therefore, if you want to be calmer when investing in Bitcoin, try investing over a long period of time. Then perform DCA for every bitcoin purchase you make.

So in essence, these are the three factors that you should probably pay attention to, if you don't want to always be afraid when the price of bitcoin goes down.

Panicking is the least thing an investor should do because as many crypto people always say that cryptocurrency were the most volatile one, it goes lower but then it'll go up faster too but base on my own experience, yeah im still got nervous every low drops it takes but always remember to invest on what you can afford to lose.

When you trade then of course it makes you have to make a decision to be disciplined on the stop loss you are targeting. It seems like a normal stop loss is between 5%-8% of your capital. Then you should not panic because you have used a stop loss according to your target. But if you hold Bitcoin for a long time then it may not make you panic, but it may be a little disappointed that the price is falling. I had 3 halvings and I had a very radical decline, but I have continued to persevere to this day.

The only panic I get is not having the money to buy at every dip and currently we’re still the bill market and for each dip now, is an opportunity to buy more rather than panic because at the end of the day, if there is a panic, there is always a possibility of wanting to sell.
There have been a lot of stories in the past about bitcoin being dead and there have also been times when bitcoin even dropped even more than 10% and yet this bounced back and I also remember when Elon musk made a post of this company not accepting bitcoin but doge and it kept bitcoin at its longest stagnant point but it still bounced back.
Over years, bitcoin has proven to always recover after every bear market with a new ATH price which is a sign that bitcoin is here to stay.

Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Source
Bitcoin price went down more than 10% on May 13, 2021 after Elon Musk announced that Tesla won't accept Bitcoin as payment option due to climate change concerns.
There are many such dips in Bitcoin's history of 15 years and whenever there is dip it's seen as an investment opportunity by mature investors. I am also not very worried about sudden dips of Bitcoin as I am convinced that Bitcoin will eventually recover sooner or later.

I am already experienced enough with "bitcoin is dead" topics and article, that 10-20% fall in a day does not scare me. What makes me even stronger believe in Bitcoin is the pointing up graph. No matter what happens, with time, the price always recovers. Moreover, I dont remember when Bitcoin really dropped that much in price. Can someone point me a day when Bitcoin lost 20% of its price in 24h? Or even 10% in last 24h?

Bitcoin price dropping 10-20% in a day is a very large amount to some people and it will definitely have a significant impact on those that are holding to be profiting sooner and are no more adding to their portfolio. This will also have effect on short term hodlers who just invest and after some few hours, they take the profit they get. It is a good one for those doing DCA and a very good opportunity for them to complete their investment target. As bitcoin continues to be in the correction mode, it’ll have effect on anyone holding them but to some, it’s an opportunity they’ve been longing for to come.

Panic and fear when seeing asset values ​​decrease or happy when seeing values ​​increase are just temporary human emotions, so anyone who says they don't have emotions is lying. Furthermore, panicking when prices fall does not mean we will sell, being happy when prices increase does not mean we will take profits.

In addition, although bitcoin is very volatile, we cannot deny that a drop of 20% in one day cannot be considered normal, and if it happened for many days in a row, it would cause many people to panic, let alone that is normal. Yesterday our assets were 100k$ but today it is only 70k$, which is not a pleasant feeling at all.

A large part of the investors who understand only the profit from investment but don't know that the price may fall in the trading platform, they also do not accept it easily. Normally when their wealth drops by 5 to 10 percent they think they have lost but they should not think that. Moreover, those who buy Bitcoin must be aware that Bitcoin is not for short-term investment. Those who plan long-term investments can only benefit from Bitcoin. Investors who lack knowledge can also face such problems. They are restless at the slightest drop which leads them to take various wrong decisions. Investors must keep in mind that there will be ups and downs in the Bitcoin price, so thinking of yourself as a holder rather than panicking that can avoid losses.

The thing is that it makes sense for newbies to feel the feat of losing all their money when dumps like such happen. After all, you haven’t been long enough in the industry to trust that. It is temporary and many take it as an opportunity for bitcoin to slingshot back to another ATH. But for seasoned crypto veterans you can say that they do not relent on such trivial stuff anymore, and many like me even take this opportunity to invest more into bitcoin instead of selling it or venturing in some investment choices without real knowledge about shit.

So yeah, it’s kinda divided and it’s clear who’s scared and not. As for myself, I’m confident enough to think that whatever price point it falls down it will always be able to get back up. But noobs are free to jeet and paperhands themselves out of every investment. It's in their nature after all and there's no real harm to selling your shit, but you have to understand that selling your crypto at a pivotal moment like this also means taking your foot out of the door to a million of possibilities.

Panicking or just simply worrying is pretty normal for all investors who are risking their own earnings. No one likes to see its investment continues to drop every single day. However, bitcoin is a volatile investment so there's always possibilities that bitcoin will consistently drop but will eventually rise after and recover from price drops. As long as you didn't end up selling your coins seriously without achieving your goal, then there's nothing to worry but keep hodling instead.

That could be true but actually in this case I think panicking is quite a natural thing regardless of whether it is a short term or long term investor because after all the feeling of panic about losing something is a common and normal thing that happens because it is related to financial conditions. then naturally we can become someone who panics. It just depends on how we control the panic because if in the end the feeling of panic is followed by the action of selling no matter whether we make a profit or a loss then that is the wrong thing, but when there is panic and the city remains strong in holding back because it is aware that it is a form of risk what you have to understand when you become an investor and remain confident in bitcoin, then I think it could be a good thing in the end.

Apart from that, in this case, when there are increases and decreases, it is a good lesson for us that in the end being in Bitcoin is not as easy as imagined so we have to be prepared for all conditions that occur.

Consider what you would normally consider as Day Traders who entered the market at $72,000 to trade and are currently at $62,000 today. After entering the market for trading, if the market suddenly gives 10 to 20 percent dumping at that moment, I feel all of you will be really painful, it is a normal phenomenon. A short-term trader basically trades daily, if the market suddenly falls after investing, then he has to wait until the market correction. I am going through such a situation especially I originally bought bitcoin when it was $68k and currently dumping $6000 and currently at $62k the price has dropped a lot from my invested amount. So I have no option but to wait till the price correction takes place.

We're seeing that, the long-term investors are enjoying the run and there's no need for us to panic. Those that are thinking that their money is lost.

There's a reason behind that and there's a cause of that anxiety and thought of theirs thinking that when the market falls, their money will be gone.

Looking at that fall the other day, we've recovered already but this isn't enough and slowly but surely, it will be up again.

Totally unaffected, but this is my 4th cycle. Anyone who's been through the 2018 crash when we fell 70% in one month, or in the covid crash when we lost 50% in 2 days grew thick skin and won't react unless it's an end of the world situation. To me a 10% correction is literally nothing happening in bitcoin. Ho many times did we have that happen this year? 3?
If you're worried look at bitcoin charts. 5% corrections happen almost every month. 10-20% every few months. You had that in:
11 2022, 3 2023, 8 2023, 10 2023, 12 2023, 1 2024, 3 2024... All of these were at least 10% corrections. If you react to these in panic you're going to regret it, like so many people have and so many will in the coming years because these corrections will keep happening.

Some people just don't get it, believe me. I have encountered people who would panic without any reason, the money they have invested is theirs and they don't even need that money at the moment, but as soon as they see the price of the asset they have invested in dropping, they start panicking like they are losing their money. This is mostly because of a lack of knowledge, they don't understand that their assets are losing value but they are not losing money, and their balance will get back to normal or go up once the price of the asset recovers.

It gets you frustrated sometimes if you are the one who either brought them into the market or they know that you are into these things and you are the right person to ask questions from, but their questions are mostly annoying, full of panic and useless questions about the price dropping, not removing, why it's happening, etc.

Only noobs would really be trying out to freak out on the moment that theyv'e seen their bitcoin investment or any other coins investment that they do have on their portfolio on which having that
5-10% movement on a single day or moment is really just that something that will really be just that normal or an ordinary day here on crypto space on which on the moment that you've been
dealing up with something here on this space then you should already have that accepted that this isnt really just that only a simple investment that you could make easy money
but also you should really be that considering on how risk it is on the moment that you do step your foot into this market.

You would really be that finding yourself to be that impulsive on the moment that you've seen your investment is really that declining in compared into those people who had been that
prepared and been that accepting the risks which involves with on to this market on which it would really be that something undestandable.