As long as you are not carrying a leveraged position, you shouldn't be panicking. You also shouldn't be buying bitcoin with borrowed money because that's another way to use leverage. If you bought bitcoin with your own money, if it is not all the money you have, if you won't be needing in the future, why should you panic?
Panic is also a contagious disease. If you have nothing to worry, but you are around people who have many things to worry about ( mostly leverage), then you might panic as well, even though you shouldn't. Some people somewhere made stupid decisions and they have to pay the price for their stupidity. If you are not one of those people, you shouldn't care about it.
Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 4. (Read 1060 times)
June 30, 2024, 12:08:21 PM
June 30, 2024, 11:50:27 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 ?
This is the reason we all are advised to only invest amounts we can afford to lose. When I first invested in Bitcoins, I literally panicked over every price drop whether little or huge. That period, my investment gave me lots of mental stress because it was more like my life depended on that investment. With the experience I have gathered so far in this my investment journey, I have realised that bitcoin is not like most altcoins that crash easily, living you with nothing. This has made me to develop a tough skin towards bitcoin price volatility because I know I won't be left with nothing if the price falls even more than 10-20% in a day. All I need do is hold for a longer period of time for my investment to appreciate so I can get returns from it. 
June 30, 2024, 08:41:03 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 ?
For me no matter how much Bitcoin price drops it can never give me reason to have a double thought about my investment and besides if you even trace the Bitcoin price from the beginning you could be surprised to see that it has even drop more than the percentage you are talking about, so if perhaps Bitcoin price decided to dip now it will not affect my mindset but on the contrary I will see it as an opportunity to Lump Sum by using more larger funds to buy, however the short term holders will be affected the most because they will have to be very patient till the price come back to the way it was, so actually is only shitcoins someone would panicked if the price drops to that extent but for Bitcoin it doesn't matter the dip because is very certain it will bounce back. 
June 30, 2024, 06:39:01 AM
It is only short term investors panic when the price of bitcoin reduce but for those who are investing for long term have no problem with the price dropped. And for anyone to enjoy bitcoin investment it is the long term investment.
And there is no need for anyone to panic in bitcoin investment because your money never lost.
In my opinion, in this case it really depends on a person's understanding of the investment they are carrying out and for some people who choose to invest in the short term when there is a downturn, of course they will be able to change their strategy to be able to survive in the long term so as not to experience losses from what they have experienced. they invest it, but if someone doesn't understand the investment well, of course there are those who will continue to sell it again when they see that the price of Bitcoin is not getting better in the near future and they think the price will not get better again so they continue to sell even though they are at a loss, so they will It is better for someone who decides to invest in Bitcoin that they must first learn about it so they can make a profit from what they have invested.And there is no need for anyone to panic in bitcoin investment because your money never lost.
However, those who prepare and do their studies might reap huge rewards. I know my stuff. I've recognized the potential in this game for a while. Dont fear dips. Those are chances. Learning, adapting, and strengthening. Smart people buy more Bitcoin during declines. Because folks, the future is bright. The future is Bitcoin.
June 30, 2024, 12:08:17 AM
So far, bitcoin price do not fall that much on a daily basis. However, if ever it happens in the future, I wouldn’t lie I will surely be in panic, but not to the extent of thinking recklessly and sell immediately my coins at a loss. That will only make my investments worst.
But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.
Maybe it can be said that it goes down every day it could be when bearish times arrive but for now it is impossible every day to go down deeper, it's just that every decline in bitcoin will stagnate at the current price and recover to the initial price again.But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.
Who doesn't panic when a decline occurs? I will also feel the same way that the heart will not be lied to and even anxiety will always be there to see the price of bitcoin continue to fall.
For now we don't need to panic, this is not a bearish season that will continue to go down, this is just a correction and the price will bounce again, what we think about is how to buy more during a situation like this, because we are confident that bitcoin will not fall deeper.
10%-20% in one day is a huge drop and very worrying, I won't lie and say I wouldn't be scared if that happened. I remember every time the price of bitcoin drops 5%, people rush to find the cause of bitcoin's decline, so it's surprising many people claim that they wouldn't panic if that happened.
I agree, the bear season is over and we are in bull season, and corrections are very normal. Bitcoin will recover soon and making a new ATH is just a matter of time, so what we need to do now is always try to stay calm even if bitcoin drops more, don't panic sell no matter what happens.
June 29, 2024, 11:19:44 PM
It is only short term investors panic when the price of bitcoin reduce but for those who are investing for long term have no problem with the price dropped. And for anyone to enjoy bitcoin investment it is the long term investment.
And there is no need for anyone to panic in bitcoin investment because your money never lost.
In my opinion, in this case it really depends on a person's understanding of the investment they are carrying out and for some people who choose to invest in the short term when there is a downturn, of course they will be able to change their strategy to be able to survive in the long term so as not to experience losses from what they have experienced. they invest it, but if someone doesn't understand the investment well, of course there are those who will continue to sell it again when they see that the price of Bitcoin is not getting better in the near future and they think the price will not get better again so they continue to sell even though they are at a loss, so they will It is better for someone who decides to invest in Bitcoin that they must first learn about it so they can make a profit from what they have invested. And there is no need for anyone to panic in bitcoin investment because your money never lost.
June 29, 2024, 06:48:32 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 ?
it is a investor of a cryptocurrency generally or Bitcoin who has undergo much experience for bitcoin investment and the other cryptocurrencies investment that will not panic whenever they receive information of degradation values of Bitcoin after purchasing a Bitcoin in higher ratio of price so people that endure when such speculation comes around but at bitcoin price is going to decrease in value and still maintain the frequency of keeping their Bitcoin is people who is investor and who has already undergo losses from bitcoin investment, so I know that some even uses fear to sell when their bitcoin to recover their capital, but that's not nice, so if you want to make a profit have a target. 
June 29, 2024, 04:47:12 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 ?
Honestly I am not affected by this at all. I dollar cost average, so whether it goes up, down, or sideways, I am still gathering coins every single day.I believe if someone has good knowledge about Bitcoin, they will hardly be panicking when the price of Bitcoin drops by some percent because they fully know that Bitcoin will bounce back to the price they bought it at and will still go higher. So, if you are well knowledgeable about Bitcoin and someone invests what they can afford to lose, they will hardly get affected when the price of Bitcoin drops.As for me, I always invest what I can afford to lose as I continue with the DCA strategy, so I hardly panic when there is a drop.
That's what I'm waiting for. Because with Bitcoin dropping 10-20%, it means I have the opportunity to buy bitcoin at a cheaper price and I can save more money than I would have spent otherwise.
It is always good to get Bitcoin at a low price, but as for me, I don't like waiting for when the price of Bitcoin will drop before buying. I do accumulate Bitcoin whenever I have money because I am not thinking of selling my Bitcoin investment soon, but I want to hold my Bitcoin for a long period of time. So, with that belief of holding for a long time, I will surely be in good profit
June 29, 2024, 04:28:11 PM
It is only short term investors panic when the price of bitcoin reduce but for those who are investing for long term have no problem with the price dropped. And for anyone to enjoy bitcoin investment it is the long term investment.
And there is no need for anyone to panic in bitcoin investment because your money never lost.
And there is no need for anyone to panic in bitcoin investment because your money never lost.
June 29, 2024, 04:10:51 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 ?
Only people that invested for short period of time with no assurance or with less money do panic, but with the trust I have for Bitcoin, even if it drops below 20% I will not panic, in fact, I will use some money to buy more or keep using my DCA method to accumulate more.The way Bitcoin price is now, it will be very difficult to have such dip within 24 hours. The highest we have seen so far is below 10%, and the market does bounce back with immediate effect. I never doubted Bitcoin for once again since the time I knew about it. I am just not happy because I don't have enough money to buy, but the DCA method is good for me, and I am seeing the result gradually.
hero member
Activity: 532
Merit: 508
Leading Crypto Sports Betting & Casino Platform
June 29, 2024, 04:08:06 PM
There are three sets of investors that can panic during a price dump: first, those investors who took loan money to invest; second, those who don't have concrete knowledge about Bitcoin yet; and lastly, those who invested for the sake of just making a short-term profit. For those investors who already know about the price history of Bitcoin and, as such, have invested in it to hold it for the very long term, they will not panic during a price dump because they know that even if the price falls now, it will definitely surge in the future. The price of Bitcoin was at a range of $30k just a few months ago, and now it's at $60k+. Bitcoin doesn't have a stable price; new investors needs to have a proper orientation about Bitcoin in order to make a healthy investment in it.
June 29, 2024, 03:59:00 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 ?
Honestly I am not affected by this at all. I dollar cost average, so whether it goes up, down, or sideways, I am still gathering coins every single day.That's what I'm waiting for. Because with Bitcoin dropping 10-20%, it means I have the opportunity to buy bitcoin at a cheaper price and I can save more money than I would have spent otherwise.
People already holding bitcoin won’t really want that to happen, but people that are yet to buy will want a drop in bitcoin price before buying. But no matter how low bitcoin prices go, some people aren’t going to accumulate more bitcoin, they will always want the bitcoin price to go lower, and they will not buy even if it goes lower. They are always saying they want the bitcoin price to drop, but they will never buy even if it drops. 
June 29, 2024, 03:55:07 PM
I only panic when I don't have any fiat to invest while the price is nice and low...
legendary
Activity: 2310
Merit: 1068
Leading Crypto Sports Betting & Casino Platform
June 29, 2024, 03:53:11 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've grown past that stage when I usually used to get worried when ever the price of bitcoin wasn't or isn't performing as I expected it to, most especially if this is happening when I just invested in bitcoin and had intentions of selling it for profit in few days; a week or two, I've learnt to completely ignore the market whenever prices are declining Instead of rising, and to be honest wit you, it's really has been very helpful, this has made me more and more confident in myself, my decisions, and most important, it has helped me to enjoy better mental health.It is important we understand that panicking and worrying over bitcoin losing 10% to 20% of its price value in a day won't solve the problem, worry and panic won't turn the market around from the path it's headed.
So, for a good mental health, it's important we always view such decline in price as a buying opportunity, rather than something to worry and panic over.
June 29, 2024, 03:29:49 PM
It's normal to feel nervous or somehow panic if it is a sudden 10-20% decline with the market price simply because that would be an instant display of loss to your portfolio. But again, what matters the most is your action; would you be selling at that moment to cut loss or be firmed and wait for the market price to recover. Keep in mind that as long as you are not selling, loss would be temporary. Once the market recovers, things will again continue. Always choose to calm yourself as much as possible and avoid doing things because of your emotions. One reason why knowledge is important to anything that you are engaging yourself with especially investments because it involves your money. The market itself is unpredictable and the best thing to do is to be patient of things.
June 29, 2024, 03:22:05 PM
-snip-
For now we don't need to panic, this is not a bearish season that will continue to go down, this is just a correction and the price will bounce again, what we think about is how to buy more during a situation like this, because we are confident that bitcoin will not fall deeper.
Buying more requires spare money that has been prepared from the beginning. That's why it's important to do good management so that the use of money for investment can be maximized. For now we don't need to panic, this is not a bearish season that will continue to go down, this is just a correction and the price will bounce again, what we think about is how to buy more during a situation like this, because we are confident that bitcoin will not fall deeper.
Getting a cheaper price is an opportunity that will not be easy to get, even when the market is bearish many people start selling because they are too panicked.
But instead we should buy it gradually or wait below the strongest support price.
June 29, 2024, 02:03:36 PM
10% to 20% is a huge range, and with that being said, it's difficult to provide an accurate answer. I'm personally not bothered by price fluctuations anymore; I used to get extremely worried back in 2017. I've learned to manage it since then, and currently, it's safe to say that I don't care at all, even if the price dips 10%. At 20%, it's a whole different story. I'd be concerned, and usually, there's going to be a reason it has dumped that much; something significant has occurred; it's rarely going to happen by itself. I wouldn't panic and start selling my coins, though.
June 29, 2024, 01:03:08 PM
So far, bitcoin price do not fall that much on a daily basis. However, if ever it happens in the future, I wouldn’t lie I will surely be in panic, but not to the extent of thinking recklessly and sell immediately my coins at a loss. That will only make my investments worst.
But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.
Maybe it can be said that it goes down every day it could be when bearish times arrive but for now it is impossible every day to go down deeper, it's just that every decline in bitcoin will stagnate at the current price and recover to the initial price again.But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.
Who doesn't panic when a decline occurs? I will also feel the same way that the heart will not be lied to and even anxiety will always be there to see the price of bitcoin continue to fall.
For now we don't need to panic, this is not a bearish season that will continue to go down, this is just a correction and the price will bounce again, what we think about is how to buy more during a situation like this, because we are confident that bitcoin will not fall deeper.
June 29, 2024, 10:04:31 AM
So far, bitcoin price do not fall that much on a daily basis. However, if ever it happens in the future, I wouldn’t lie I will surely be in panic, but not to the extent of thinking recklessly and sell immediately my coins at a loss. That will only make my investments worst.
But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.
But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.
June 29, 2024, 09:50:30 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 ?
If you know how Bitcoin markets works, you will worryless about price fluctuations and I have never seen where Bitcoin price falls by 10-20% without making adjustments the second day, if there is 10% fall today, the next day there is going to be increased by 5%, if there is fall by 20% there is going to be increased by 10% the next day and beside, I don't think there is anything outside right now that can make Bitcoin fall 20% in just a day, except there is a attack coming from US and the chances are low.
If Bitcoin fall by 20% or even more, that should not be a cause for alarm, it should be a signal for buying more because you don't know when such moment will come back again. Let's look at when Bitcoin went from $55k last time to $15k, many people didn't buy but today, they have seen how Bitcoin is trading above that price today, even went higher. This is how we should be taking advantage of any fall of Bitcoin price, there are days of reward.
Jump to: