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. 
Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 5. (Read 1060 times)
June 29, 2024, 08:07:47 AM
June 29, 2024, 07:49:37 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 ?
In my case I get worried, I won't say I get panicked, but I admit that I get very worried, because I start to think how far the price will fall, that's why I want to take advantage of the price drops and not just think about the negative side. of the price drops, I started saving money to buy bitcoin whenever the price drops a lot, this way I reduce losses and still manage to obtain more profit if the price rises a lot later, because this is an investment of patience, something like 2 to 3 years of holding if the person wants to make big profits, then I put this in my head that I am buying with the objective of making a profit of at least 2x if the price is above $60,000 when I buy, but if it drops to $30,000 per example so when I buy, it's because I'm looking at 4x profit at least. In the past, something like 2 years ago when the price dropped a lot I would panic and sell and end up with little profit, today I no longer do that, even when it drops a lot I stay calm
June 29, 2024, 07:03:39 AM
More than 10-20% in a day is much and many people will panic. I won't lie it is normal to panic and ask questions about what is going on so that there won't be anything that may be going on that you do not know. When the Luna coin started dropping, some people felt it would go back up because they believed in the technology, not knowing it would be the end. After those experiences, many people are vigilant with their investment so that such a thing won't repeat to them ever again.
However, Bitcoin is different and I don't see anything that happened to Luna coin to occur in the place of Bitcoin. But it is natural to panic and stay vigilant in our investment it is one step to keep our investment safe.
However, Bitcoin is different and I don't see anything that happened to Luna coin to occur in the place of Bitcoin. But it is natural to panic and stay vigilant in our investment it is one step to keep our investment safe.
June 29, 2024, 06:26:10 AM
Bitcoin is very young, its market cap is still very small, and daily trading volume is low at only 30-40 billion dollars. Most people don't understand what Bitcoin is, which affects its volatility. Due to this lack of understanding, we experience panic selling, but this is changing over time. Volatility is decreasing and will continue to decrease as time goes on. When it reaches a larger market cap, Bitcoin will likely move in correlation with gold.
Don't forget that in addition to the decentralized nature that makes bitcoin so attractive, its volatility is also an important factor that attracts many people. If we conducted a survey and everyone answered honestly, I believe up to 90% of people are in the market because of the high returns that bitcoin can bring rather than because of its use case. Therefore, bitcoin becoming as stable as gold will not be what many people want. Not only bitcoin, the cryptocurrency market is also famous and attracts people's attention because of its volatility. I bet there aren't many people who wish volatility would go away.
But if you compare bitcoin to gold and expect it to equal or surpass gold, its volatility is not going away anytime soon. Bitcoin's capitalization only reached 1.2 trillion USD while gold has surpassed 15 trillion USD, a huge gap.
https://ingoldwetrust.report/chart-gold-bitcoin-marketcap/?lang=en
June 29, 2024, 06:11:23 AM
I don't panic when the Bitcoin price falls by 10%-20% because I am sure the price will increase back. Even if that will needs longer than I can expect, I will still waits for that. When Bitcoin price falls, I can buy back more Bitcoin at a low price.
I don't affect by that price drops because I have seen that many times before. I will not stops to keeps buying Bitcoin and saving Bitcoin in my wallets. You must calm down your minds and not thinks to sell your Bitcoin at the dips because that will makes you lose your Bitcoin while you will difficult to buy Bitcoin at a low price.
You can stay away from the market for a while if you see the price falls. That will helps you to control your feelings about the market. Besides that, you can do many things to avoids the thinking of Bitcoin price that still at a low price.
I don't affect by that price drops because I have seen that many times before. I will not stops to keeps buying Bitcoin and saving Bitcoin in my wallets. You must calm down your minds and not thinks to sell your Bitcoin at the dips because that will makes you lose your Bitcoin while you will difficult to buy Bitcoin at a low price.
You can stay away from the market for a while if you see the price falls. That will helps you to control your feelings about the market. Besides that, you can do many things to avoids the thinking of Bitcoin price that still at a low price.
June 29, 2024, 05:58:50 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 guess not if your funds is safely stored in your wallet then I don't worry about those changes even if the movement is negative. But if you are engaging on futures trading then provably those continues decline would make you worry since its like your afraid that you are heading into being liquidated.
But any other than that nothing change since the only change on those dumps is the value since we still get the same volume and we can accumulate more for future investment purposes. Only those people who don't have good belief on bitcoin will get scared in that situation that's why they need to learn the certain flows or its volatility so that instead of getting panic they can create certain opportunity like to buy in that scenario.
June 29, 2024, 05:45:09 AM
Bitcoin is very young, its market cap is still very small, and daily trading volume is low at only 30-40 billion dollars. Most people don't understand what Bitcoin is, which affects its volatility. Due to this lack of understanding, we experience panic selling, but this is changing over time. Volatility is decreasing and will continue to decrease as time goes on. When it reaches a larger market cap, Bitcoin will likely move in correlation with gold.
June 29, 2024, 05:43:22 AM
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.
June 29, 2024, 05:09:08 AM
In a day? it's really rare to happen Bitcoin price falls 10%-20% in a day, I would panic, but I wouldn't sell my coins.
As human beings with emotions it's natural to panic when we see our investment crashing up to 20% in price within 24 hours, although I don't think that Bitcoin has experienced such a dip within a day. If Bitcoin were to experience a massive dip in a day I will not panic and sale because I know that it's a volatile asset that pumps and dumps in price according to it's supply and demand. Bitcoin historical pattern has proven that it's price will always reach new ATH on the long term so short term price fluctuations shouldn't be a cause of alarm for investors who hodl for long term. 
June 29, 2024, 03:59:45 AM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ?
Does panic allow you to influence (change) this situation, or does panic make it easier to perceive what is happening?A cool head is the true value for an investor.
Or you are no longer affected by such price drops and continue to invest on each dip ?
Price drops should not affect an investor emotionally, but such fluctuations must be taken into account when making an investment strategy. That is, monitor the “weather” in the market. If it's raining outside, do you panic too, instead of just taking an umbrella with you? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Just stop worrying about the price. 
June 29, 2024, 03:25:19 AM
People need to learn how to stay calm during that market. Only long term matters and even 10% dip is not enough to change anything in the long term
That 10% will be nothing if you're for the long term and it's a fact that people should be calm at these dips. Well, what happened was that it was a crash and many didn't expect that it's gonna be as bloody as this one. Whether it falls to 10%, if you've bought long time ago and you're looking forward to that day of seeing it to $100k. You'll just forget about this day and will wait until you recover or you'll become more than 100% in profit on that day. Several tips have already been said and it's best to avoid the market and do something meaningful to yourself aside from checking Bitcoin's price daily. 
June 29, 2024, 02:52:05 AM
Why should I? I invest in the spot market, so a price drop like that doesn't really make me panic, unless I play on the futures market, maybe that would make me really panic, but I play on the spot market and a price drop like that will actually make me buy more . And what's more, those who often panic when prices drop like that are newbies who are very afraid when they lose some of the value of their investment - though if they don't sell, they won't lose anything - just be patient and don't need to panic because the market will return to normal.
June 29, 2024, 02:51:11 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 ?
An investor with good understanding of Bitcoin cycle will definitely not panic during moments like this, so long as your perspective is for long-term. Seeing Bitcoin's price drop by more than 10-20% in a day can cause anxiety fo many investors but It's essential to stay calm and not let emotions drive your decisions during such downturn times. rather sticking to your long-term investment strategy, can help you maintain through these price fluctuations without panicking. Holding Bitcoin for the long term can indeed help you stay composed during price fluctuations without panicking. Having that long-term vision and belief in the potential of Bitcoin as a solid investment by staying focused on your long-term goals and not getting shaked by short-term market movements, you can go through the volatility period with confidence. 
June 29, 2024, 02:49:51 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 ?
No, I don't panic even if I see its price dropping more than 20% per day because I know it is a volatile asset and things like these are normal for me now. Even though it doesn't generally happen where it's price goes up or down more than 20% in a day but if it does, I know I have enough patience to be able to control my emotions, and I don't even need to do that because deep down I know that there must be some FUD circulating the market for this to happen.Whenever there is some bad news or something in the market, it tends to drop, and it gets normal after a few days, so there is no point in panicking because when we panic, we tend to lose great opportunities that we can use to add more to our bag so that when the market recovers, we can get some profit with it.
June 29, 2024, 02:35:24 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 ?
10% to 20% drop in Bitcoin price in one day certainly creates panic. Those who see Bitcoin price drop 10% to 20% in one day will surely panic. If anyone says they won't panic if Bitcoin drops 10 to 20%, I'd say they're completely lying. Even if panicked, comfort yourself and hold on to that investment. I basically do not invest any money from the collected money I invest 20 to 50% of what I earn from bitcoin forums. I mainly invest using the DCA method. That's why I can't invest if the market is dumping. How to control yourself and control yourself in case of severe dumping of Bitcoin price is when the market goes down, I don't stay in the market for too long because if I see the market and keep going down, I can't control myself. If the market falls further, in order to control yourself, you must reduce the market view and set a specific target and sell the investment when the target is reached. June 29, 2024, 02:34:01 AM
People need to learn how to stay calm during that market. Only long term matters and even 10% dip is not enough to change anything in the long term
June 29, 2024, 01:42:28 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 ?
I might feel bad if it were in 2025 and price is yet to hit my target before it begins to drop but in 2024 I don't feel perturbed whenever that happens. My reason stems from experience and that's because this is what every past Bitcoin halving year had brought with it. I don't expect anything different this circle. In 2020, price ranged for over three months or so before it broke out and went haywire to achieve a fresh ATH. I expect same this circle and that will hopefully come in 2025 with a new ATH. So, there's nothing to worry about price dip this 2024. It's normal price correction. Find a way to DCA whenever you find those dips. Don't panic.Quote
Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
The best way to control that emotion (if you don't have a heart for it) is to steer clear off watching price feeds and charts, daily or weekly. You can do that quarterly. 
June 29, 2024, 01:26:23 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 we all panic when we see our investment consistently falling its value, but resorting into panic selling, that is never my thing. I know when to just buy and when to sell, so I won’t dare selling my coins if it means losing me a lot. I would hold even more instead, and if I have some spare money, I will take chances buying more coins to increase the volume of my bitcoin portfolio. Emotions are the best enemy in trading. You won’t be too good in managing your emotions if you lack good amount of trading experience in the market. So just keep on trading, you are building a braver emotions for that.
That's right, those who say they don't feel panic or joy every time their asset value keeps decreasing, they are just trying to fool themselves. Or in case they haven't bought any bitcoin yet and are waiting for it to drop to buy, they will be happy to see it drop, but those who have bought bitcoin before will never feel happy. Honestly, I also panic if the price continuously drops and feel insecure, but after regaining composure and thinking about the long term, that will be the motivation to help me continue to hold my investment.
I don't deny that experienced investors are no strangers to bitcoin's volatility, but temporary panic is inevitable. Furthermore, panic does not mean we will sell our bitcoins, it is just an emotional reaction on our part. That is why, as a long-term investor, we should refrain from checking bitcoin prices daily to avoid making wrong decisions.
June 29, 2024, 12:37:56 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 ?
Bitcoin price drop in the market may not be rare but we are used to it all the time. We constantly see the Bitcoin market go up and down. If bitcoin price drops 10 to 12% in one day I will panic but try to be patient until the price rises without selling the invested bitcoins.Maybe everyone has an investment plan like me. I set a time limit for my bitcoin investment and I will hold my investment until that time limit is reached. Even if the market dips or bullish. Another advantage for investors when the market goes down is that they can create more bitcoins with their previous equivalents.
June 28, 2024, 11:54:46 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 ?
No I don’t panic because I think it’s a bad thing but it definitely makes me more alert as I know this is a chance to accumulate more and if I don’t get this chance who knows if this will be my last one.Quote
Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Just don’t check it religiously especially if you are investing for the long term anyway. You will just be stressing yourself out that way. Jump to: