Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 4.

Hatchy

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Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

I think for someone who has been in the Bitcoin investment for over 3-4years now, I don't see any reason to be scared of the dips. It's not something any one should actually be scared of, it doesn't matter how long you have been holding. The amount of Bitcoins you hold today will remain the same tomorrow and in the future. Just the value in the market changes due to volatility nature of Bitcoin and many other factors that influences it's price. There's nothing to panic about. Just use every dip to accumulate and hold even more BTC so when the price might return to a bull season, you would be filled with joy of a holder.

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Quote from: NotFuzzyWarm on August 06, 2024, 04:30:55 PM

"The time to buy is when there is blood in the streets." That applies even more to Bitcoin.

Indeed whenever you think that what you bought will last forever and will remain always valuable.
The volatility of Bitcoin and cryptocurrencies in general is something that we got used to, so there should be no more panicking when we witness something like that.

NotFuzzyWarm

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Panic? Oh hell NO!
As Baron Nathan Rothschild said in the late 1800's, "The time to buy is when there is blood in the streets." That applies even more to Bitcoin.

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Quote from: Franctoshi on July 04, 2024, 12:04:59 PM

Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

Whenever we had 10% -20% Now I see such percentage drop as an opportunity in the market to even Buy some Bitcoin unlike before when I knew nothing about Bitcoin, if you have got to understand Bitcoin very well, you would at some point even pray for such a price drop, especially if we are in a bull market ,that's indeed a great opportunity to buy the dip most of in the industry look for, in my end isn't a panic rather is ample opportunity buying opportunity.

If you are new in the market, it's normal to get panic while seeing your investment slowly losing its value. However, the longer you stay investing in the market, the more you get used to price fluctuations due to its high volatility, until you never get threatened at all.

Every price drop happening in the market creates a big opportunity instead to buy more and hold more. Although 10-20% is only rare to happen, but if that happens, everyone turns panic buying instead of panic selling.

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Quote from: OgNasty on August 06, 2024, 02:59:53 PM

I’ve said it many times before, but if you panic when the price of an asset you own falls in value, then you own too much of that asset for your risk tolerance profile and you should reduce your holdings. You should be excited when the price of something you want gets cheaper. If you don’t need to sell, the price being lower is better for you.

I think the same... but I also make the following analogy... I really like coffee... and I buy it every week, one day I go to the supermarket and see that the coffee is 40% off... would I be sad about that or would I be happy? Of course I would be happy, after all, I'm used to buying it all the time, so any price drop is always welcome... But if the person feels uncomfortable with a possible momentary devaluation, either they are too leveraged or they are putting money where they don't fully understand.

OgNasty

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I’ve said it many times before, but if you panic when the price of an asset you own falls in value, then you own too much of that asset for your risk tolerance profile and you should reduce your holdings. You should be excited when the price of something you want gets cheaper. If you don’t need to sell, the price being lower is better for you.

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Quote from: Promocodeudo on August 06, 2024, 10:04:16 AM

Quote from: Y3shot on June 28, 2024, 11:29:06 AM

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Yes, I agree with you on this but in other words no matter how conversant the market is to an investor, once there is a decline in the price of Bitcoin such investors must surely feel bad that's human nature, know one prays to see his or her investment declining although in this aspect we don't have control over it, I agree that the understanding of bitcoiners that has been in the business for a while gives them the assurance that irrespective of fluctuation which is volatility, Bitcoin will always bounce back to unexpected price in the future and because of this mindset they buy to stockup their portfolio at any given opportunity, I have always known that Bitcoin investment is not for the weak, experienced bitcoiners don't have anything to do with panicking because of their knowledge in the system although unexpected events in the market may bring misfeelings for them due to their expectations but this doesnt deter them from abandoning their long-term set goal which is consistently buying more if the opportunity present itself and hodling for the future expectation.
I strongly believe that Some persons understand Bitcoin investment concept but choses to go for short-term because of impatient.

We have no control over market volatility, but we can exploit price volatility to improve our portfolio. The stronger the portfolio you have, the greater the potential return you will get. The market will recover over time, of course because the market doesn't always go down, and vice versa. However, there are always people who panic and accept their losses when a crash occurs. They are not strong hands even though they have been in the market for a long time, but you are right, they are people who do not have good self-confidence.

If you are a long-term investor, then there is no reason for you to sell during a crash. You should be able to buy and accumulate as much as you can, that is the most helpful advice so far in my opinion. Of course you can get the fact that shortly after the crash, the price will definitely come back and test the resistance.

Promocodeudo

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Quote from: Y3shot on June 28, 2024, 11:29:06 AM

Quote from: krishnaverma on June 28, 2024, 08:52:49 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.

Yes, I agree with you on this but in other words no matter how conversant the market is to an investor, once there is a decline in the price of Bitcoin such investors must surely feel bad that's human nature, know one prays to see his or her investment declining although in this aspect we don't have control over it, I agree that the understanding of bitcoiners that has been in the business for a while gives them the assurance that irrespective of fluctuation which is volatility, Bitcoin will always bounce back to unexpected price in the future and because of this mindset they buy to stockup their portfolio at any given opportunity, I have always known that Bitcoin investment is not for the weak, experienced bitcoiners don't have anything to do with panicking because of their knowledge in the system although unexpected events in the market may bring misfeelings for them due to their expectations but this doesnt deter them from abandoning their long-term set goal which is consistently buying more if the opportunity present itself and hodling for the future expectation.
I strongly believe that Some persons understand Bitcoin investment concept but choses to go for short-term because of impatient.

Katherine_Alicia

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if you liked bitcoin at price X, then you should absolutely Love bitcoin at price X -20%

It`s the same when my favorite chocolate goes on sale, I buy loads of it, Bitcoin is no different Wink

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Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

Hmm I already discussed it but today I will give my opinion on it in simple words.. for better understanding. So it depends on the buddy. If someone is a short-term investor or high leverage trader, beyond any doubt, he will be panicked when the price falls by 10% to 20%. As far as I am concerned, I do not panic even if the price falls because I am a long term investor. I don't sell the coin until I am sure that holding it any longer can be harmful rather than profitable, i.e. at the peak of the bull run.

Besides, I believe that small correction panics those people who have first experience, i.e., those people who have not experienced bear markets, just enter in bull run. So of course those people were panicked, even by a small correction. So, emotions should be controlled only then will you be able to become successful, i.e., you will be able to survive in the market.

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Quote from: Franctoshi on July 04, 2024, 12:04:59 PM

Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

Whenever we had 10% -20% Now I see such percentage drop as an opportunity in the market to even Buy some Bitcoin unlike before when I knew nothing about Bitcoin, if you have got to understand Bitcoin very well, you would at some point even pray for such a price drop, especially if we are in a bull market ,that's indeed a great opportunity to buy the dip most of in the industry look for, in my end isn't a panic rather is ample opportunity buying opportunity.

Yes it's a great opportunity to accumulate more Bitcoin while the price is cheap. However, I don't usually hope for consistent price drops but it's always a price increase so that we will come to see our investments making significant profits in less time. But nevertheless, whenever Bitcoin price drops drastically, I'm now more calm and patient than I was before when I was new in the market.

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Quote from: Ludmilla_rose1995 on July 04, 2024, 03:02:17 PM

Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

a trader who always pays attention to the chart all the time will definitely panic when he sees the price of bitcoin falling 10% or more in 24 hours, but I am not a daily bitcoin trader, I don't panic too much when I see the price of bitcoin falling, I have a long-term target for investing in bitcoin, that feeling makes me not so worried when the price of bitcoin goes down because I am sure that in the short term the price of bitcoin may go down but in the long term the price of bitcoin will increase

I think those that are not real traders would not have to panic especially when they don't have any holdings. There is no way that someone that has some crypto portfolio would not panic. The price of Bitcoin has been falling drastically today which has made so many altcoins to fall too going down below 10% drawdown. I think this is a crucial time for us to know what we are doing and take the opportunity to buy and hold some good momentum tokens that would be quite rewarding for us by the time the time the price of Bitcoin starts going bullish again. A good time for one to buy and prepare for the bull.

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Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

When I was new in trading and I didn't know much about trading or coins, especially about Bitcoin, I invested and I was scared because the market suddenly fell and when it went up a bit, I sold my coins back then because I didn't have that much knowledge and I didn't know anything about Bitcoin, but now it's not like that. If the market drops 10-20 percent, I don't panic. I have a buying start, I have set the DCA method, if the market goes down, I buy accordingly and if it goes up, then I sell accordingly.

And it seems to me that those who are experienced traders do not have this because they understand the ups and downs of the market so well that they are not afraid of ups and downs but rather set a strategy. And that is why they are successful in trading.

When someone invests his precious money in a place, he always has his hopes up about it. It is not possible that we can completely control this reality. There is always a fear of experience. You may have been afraid, so it's not that much of a problem, but if you study more about Bitcoin and do market research, you can pretty much control your emotions.

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Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

a trader who always pays attention to the chart all the time will definitely panic when he sees the price of bitcoin falling 10% or more in 24 hours, but I am not a daily bitcoin trader, I don't panic too much when I see the price of bitcoin falling, I have a long-term target for investing in bitcoin, that feeling makes me not so worried when the price of bitcoin goes down because I am sure that in the short term the price of bitcoin may go down but in the long term the price of bitcoin will increase

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Quote from: krishnaverma on June 28, 2024, 08:52:49 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 ?

Whenever we had 10% -20% Now I see such percentage drop as an opportunity in the market to even Buy some Bitcoin unlike before when I knew nothing about Bitcoin, if you have got to understand Bitcoin very well, you would at some point even pray for such a price drop, especially if we are in a bull market ,that's indeed a great opportunity to buy the dip most of in the industry look for, in my end isn't a panic rather is ample opportunity buying opportunity.

Baki202

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Quote from: DiMarxist on July 02, 2024, 10:06:07 AM

People want bitcoin to go down like the way it happened in 2022. And I don't think for now it will reach that price again except after next year from April. And that was what happened in the previous bear if we go with the historical downward of bitcoin. After halving, the All Time High came in 2021, and the bear market came in 2022.
Therefore, we had the halving this year April so we might have the All Time High next year then from 2026 we might experience the bear market and in 2027 to 2028 another bull run.

Only those who want to hold and wish to increase their asset base those who engage in trading, on the other hand, are not genuinely concerned about the market's potential decline. Since investing in bitcoin entails a great deal of responsibility, many historical accounts of the cryptocurrency have provided information that may be referred to. For this reason, they always advise everyone to read. Given the high level of responsibility associated with bitcoin investing, numerous historical stories of the cryptocurrency have offered information that can be consulted. They always encourage everyone to read because of this. And since that 2022 all time high the price of bitcoin have not been that stable till now. And that is one of the reasons I prefer to have enough to hold. For now will prefer trading.

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Quote from: DeathAngel on July 03, 2024, 04:23:43 AM

I’m not but this period of 3 months of total stagnation with a bearish descent has got me slightly concerned. I’m not worried as I’ve been through multiple cycles but I’d really like the see the price start rising soon. It’s been a few months since the halving, we have Spot ETFs now so we should see the price start to go up soon. I feel a little uncomfortable seeing the price down near or dipping into the 50,000’s again.

Today as we can see, the Bitcoin price situation continues to experience a sharp decline, which is caused by several factors, which are clear yesterday. Fed Chair Powell is still not sure that in 2024 and next year, inflation will be pumped back to 2%. Then, based on Cointelegraph, it was reported that the German government was actively and continuously selling Bitcoin to several exchanges, the value of which was quite fantastic in the range of $25 million, and if you look at the bitcoin chart, the $56K defense line is a limit that if it is broken, a bigger correction will come.

PS: Mt. Gox will immediately distribute the stolen Bitcoin to its customers, triggering market fear of an impending Bitcoin sell off.

But for me the red market is a good opportunity for thin accumulation.

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Although I feel panicked, there is a voice inside me reminding me that Bitcoin won't easily crash because it is an effective hedge against inflation.

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We all know about Bitcoin trading pattern. It goes through ups and downs. A large section of traders always analyze the price of Bitcoin, buy on dips and resell on bullish to earn profit from it. Again a large portion of investors hold Bitcoin for long periods of time. They don't care about price, they care about Bitcoin holdings. I am also one of them. I try to hold Bitcoin as much as I can. I know the market will continue through ups and downs before touching $100k. One should take a stable position rather than panic about the price of Bitcoin. Those who do not have a good understanding of the volatility of Bitcoin will never be able to profit from Bitcoin.

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it's worth being concerned of but at some point one is not supposed to be bothered as it dips because the initial goal of buying bitcoin is holding for long term but if you are trading in short term it's really a big issue to be worried about.

Although I have little knowledge about bitcoin generally but I know that it's a discount for buyers to buy at a very lowered rate while they gain more in the bitcoin market. so panicking is the actions of a newbie or short term buyers.

Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 4. (Read 2004 times)