Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 6. (Read 1060 times)
June 28, 2024, 08:44:40 PM
I'd stay chill during those 10-20% drops. I have seen enough to know it's part of the game. If I have enough capital, I'd be even happy to invest more. When prices dip, it’s a chance to buy more if you believe in Bitcoin long-term. To keep your cool, remember why you invested in the first place, if you believe in Bitcoin’s future, hold on to that belief. Think long-term and focus on the big picture, not the daily changes. Only invest money you can afford to lose, so you’re not stressed when prices drop. Stay informed about what’s happening in the market to avoid surprises. Lastly, have a plan with set buy and sell points and stick to them. It’s a wild ride, but keeping calm and focused helps.
June 28, 2024, 06:36:41 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 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.
June 28, 2024, 06:29:18 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 been here too long to panic about bitcoin. I mean where you even think it's going to drop? -50%? People panic because price of bitcoin affects to altcoins. I've never yet met a person who would worry about bitcoin they hold. I am not investing to bitcoin on just on dips because i scale it back to years and these kind of dips seem insignificant to me. Unless you are trading with leverage, i wouldn't even pay attention to the price, and would look at it maybe after it has 10x again, just to see if you want to remove your original investment.If your feelings are affected because of dip, you have either invested too much, or you don't believe in bitcoin. Or you just haven't got enough experience for trust. Because bitcoin isn't going to ground even if you lose 50% from time to time. Just wait and you get it back. Source: Trust me bro.
June 28, 2024, 05:45:50 PM
I never seen such a situation where bitcoin market could drop exactly 10-20 percent in a day but I have witnessed in within 48-72hrs or possibly 1 week time. To me if this situation is much or too severe for you what to do is to keep accumulating by applying DCA methods to keep increasing your holdings and there is not thing to panicked over the price drop.
Just focused on the duration you want be it long term or short term when time is come then you can decides to pull off your investment.
Just focused on the duration you want be it long term or short term when time is come then you can decides to pull off your investment.
June 28, 2024, 05:44:41 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 ?
Yes.All you gotta do is program your mind in a way that you're ready to lose it - assuming that's the worst outcome at the end. That being said, "always invest what you can afford to lose"
For me, I don't have any bad feeling about whatever decrease in value. What strengthens and holds my confidence is the ability of a "come back" after a long run of indecisive movement on the chart. I keep advising people to not invest in something they don't understand - always let that guide you in anything you do.
June 28, 2024, 05:38:31 PM
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.
But, I've thinking to sell my coins during bull run, so I will hold stable coin and then buy Bitcoin at the bottom, so when Bitcoin price falls more than 10%-20%, I wouldn't panic as I didn't hold Bitcoin at that time.
In order to control the feeling, make sure you only invest what you can afford to lose and you know the reason behind why you hold Bitcoin.
Exactly. It’s rare to see bitcoin dropping that much daily but if ever it happens, I guess I wouldn’t be panicking for that. I invested in bitcoin something that I am comfortable of losing so that will never scare me at all. But if I’m investing all in, probably I would get scared to death and would be highly panicking, good thing I wasn’t like that.But, I've thinking to sell my coins during bull run, so I will hold stable coin and then buy Bitcoin at the bottom, so when Bitcoin price falls more than 10%-20%, I wouldn't panic as I didn't hold Bitcoin at that time.
In order to control the feeling, make sure you only invest what you can afford to lose and you know the reason behind why you hold Bitcoin.
The only way to control your emotions is never expect too much in bitcoin. Know its volatility nature, today you might be in huge profits, but after tomorrow, you might fall for massive losses if you sell lower than the price you buy your coins.
June 28, 2024, 05:33:22 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 would never be here for years if I still fall for that. Maybe before I was when I don’t understand completely the high volatility of bitcoin, but now I don’t fall anymore into panicking, instead I find it having more opportunities to maximize DCA everytime bitcoin price falls deeply. I’ve seen how bitcoin consistently recovers after dropping, and it’s not new anymore to me, so it doesn’t affect my emotions and decisions anymore. 
June 28, 2024, 05:22:59 PM
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ?
Gone are those days when I panic whenever I see a drop in bitcoin. When I was a newbie, if bitcoin dumps and my money is dropping, I do end up being scared because I am losing my money, but when I got to understand everything, no matter how much bitcoin price dumps in a day, I don’t even care anymore. All I do is keep on holding, hoping it’s going to bounce back in a day, and if I have more money in my reserve account, then I will use it to accumulate more bitcoin. 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 matter how much the much the bitcoin price drops, I will keep on accumulating because I know it’s just temporary, and with time the price is going to bounce back. We all have seen bitcoin price movements in the past, so we shouldn’t be disturbed when the price is down.
June 28, 2024, 05:13:39 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 ?
Firstly i don’t think bitcoin will fall to a 20% loss in a day, such a huge drop will definitely affect the entire market, some Altcoins could go way below 50%. So to me it is unrealistic at the moment. That’s how Bitcoin volatility rate has decreased over the years.
But let’s assume it does happens, I will personally be glad if at all I have enough money on me, because that’s one buy opportunity that won’t come so easily again. I also think this is the same view with most old investors, every dip is a buying opportunity but for newbies just investing or maybe people having open a long position in future trading it will be a huge panic and loss respectively to them.
One thing I will advice as to how to control your emotions when a dip happen is always invest an amount which you can afford to lose. Lack or proper risk management will only make you panic in situations like this. Do not also go for short term trading, go for long term investment.
June 28, 2024, 05:00:32 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 ?
You know what, I admit price changes definitely get me excited sometimes. Back when I first started investing, if I saw my portfolio drop 10%, Id be staring at the graphs and numbers for hours trying to figure out what happened. But after doing this for awhile Ive kind of learned to roll with the volatility punch. And hey, buying more coins when they dip can actually be a total thrill ride if you play it strategically!
That said, yeah, every once in awhile a big crash still gives me those panicky feels. But having a long-term investment plan in place makes a huge difference with keeping emotions in check when things go nutty.
Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Honestly the best advice I can give is to focus on what you can control. Understand the risks involved and set a clear investment strategy that works for you. Sticking to that plan can help you avoid making rash decisions based on fear.
But as others have already said, I cannot recall the last time Bitcoin's price dropped by 10-20% in a single day. Such price swings are more common for altcoins, but not for Bitcoin anymore, imho.
June 28, 2024, 04:49:32 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 normal that an investor if he is new and after investing suddenly his market drops by 10 to 20% in one day then he must feel emotional and nervous. Currently I am facing such a situation especially I have invested one thousand dollar amount and after investing suddenly big dumping in the market where my invested project has decreased by more than 27%. As I am very new to investing so now every moment is stressful time for me. 
June 28, 2024, 04:42:54 PM
No need to panic, why are you panicking so much? Is it because the price continues to fall and you think bitcoin will go to $50k in the next few days? I don't think so, although it might be best to buy at a discount.
Will remain HODL until the price to $100K is the closest target and many severe expert predictions will also occur in 2025 so just wait no need to panic.
Calm your mind, if the price drops BUY, don't wait for the price to rise again you will regret it.
Will remain HODL until the price to $100K is the closest target and many severe expert predictions will also occur in 2025 so just wait no need to panic.
Calm your mind, if the price drops BUY, don't wait for the price to rise again you will regret it.
June 28, 2024, 04:35:44 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 ?
Before, years ago I was. But until I was able to develop my sense of being calm thanks to this market, I'm no longer panicking. I can say that my weak heart before became stronger due to it. And as long as I've got some budget to spend, I'd make sure myself that I get some addition to my stash before the great bull run comes. I've learned from my mistakes the hardest way and that's because of early selling, so, being patient and prepared really pays off.Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
Don't look at the charts.Don't look at your portfolio.
Avoid checking the price that moment.
June 28, 2024, 04:28:56 PM
Why the unnecessary panic when I know that it will surely rise again, when I invest and hodl I don't have to worry myself on anything like that except for those who are yet to understand the way the market price volatility works, moreover this is only a consideration of one single day, not even on a long term, for some investors, they dont even take it that serious when they know they could easily make it up with time and earn more profits by holding, bear market is not a time to sell but instead for us to hold.
June 28, 2024, 04:13:06 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 ?
There will be no panic when the price drops reach 10% to 20% in 24 hours because that is an activity that I consider normal where before the drop reaches that percentage there has been an increase and it becomes something that will have a good impact in the future as a reinforcement.Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?
For me personally, maybe I can, but to be conveyed here specifically there is nothing because I myself am not a good advisor.At most I can only say be patient that going up and down is a market routine.
June 28, 2024, 04:06:03 PM
No need to panic buddy, the decline in the price of bitcoin is part of this market volatility we often go through where the price of bitcoin drops by more than 50% during the bearish season and also a 20% indirect decline in 1 day is a few days of bitcoin then if you count for 1 week maybe yes.
Not affected by bitcoin now, not caring about the decline there is something to do is buy during the decline isn't it better than you panic?
Now people mention buy DIP if they have money buy at once, if you can only afford to do DCA then keep that strategy, don't panic that the real bullishness hasn't happened yet so it's definitely possible that the price will go up even ATH in 2025.
Not affected by bitcoin now, not caring about the decline there is something to do is buy during the decline isn't it better than you panic?
Now people mention buy DIP if they have money buy at once, if you can only afford to do DCA then keep that strategy, don't panic that the real bullishness hasn't happened yet so it's definitely possible that the price will go up even ATH in 2025.
June 28, 2024, 03:53:13 PM
It's been 8 years since I first learned about the crypto world and no longer panic with a 10%-20% drop, it's normal and not extreme enough.
I once experienced a 90% decline in my portfolio, and it was an amazing experience because of the decline that almost made me panic and sell cheaply.
But I held on until the bullrun came back.
The need to do management will be very useful when a bear market has come in and buybacks can be done so that there will be no more panic.
A decline like now will train trading emotions so as not to be too rash and panicked to sell.
Make sure everything goes according to plan and the decline is an opportunity to accumulate the crypto assets we have.
The more we buy when the bullrun is down, the more profit will be obtained when the bullrun arrives.
I once experienced a 90% decline in my portfolio, and it was an amazing experience because of the decline that almost made me panic and sell cheaply.
But I held on until the bullrun came back.
The need to do management will be very useful when a bear market has come in and buybacks can be done so that there will be no more panic.
A decline like now will train trading emotions so as not to be too rash and panicked to sell.
Make sure everything goes according to plan and the decline is an opportunity to accumulate the crypto assets we have.
The more we buy when the bullrun is down, the more profit will be obtained when the bullrun arrives.
June 28, 2024, 03:46:54 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 think accepting every situation that happens from the beginning to have a comfortable mentality. Normally we all want good things to happen in life and the convenience we want in investment is the key grow with profits. But let's be realistic that life has billions of problems that we face every day, like accidentally walking on the road and a drunk driver hits you. So stay calm even when you know you will eventually die, be mindful of each moment in life, I think in the crypto space we are susceptible to emotional manipulation of prices somewhat because it's actually linked too much to current life. If you haven't identified it as a leisurely, strategic, speculative, risky investment... then your psychology will always be disturbed by unexpected situations. So be honest with yourself, you have to learn many other things.
June 28, 2024, 03:24:54 PM
Not assuming that someone does not panic when their money shrinks is quite naive because after all it is the nature of humans who will always experience panic in some unfavorable conditions for themselves. as well as for investors who are in bitcoin because panic must exist and it is a natural thing as a form of expression that we have. But in the end what distinguishes this is how capable you are of mastering yourself (controlling yourself) so that the situation does not get worse for the future because the category of panic will clearly be different considering that there are those who panic and sell even though they experience losses and there are also those who do panic but try to keep their emotions under control and think calmly.
Those who have been in bitcoin for several years may have experienced conditions where bitcoin has decreased even more than 50 percent in the past few years but in the end when their hands were strong and managed to control themselves well they could master the panic they had until now it indicates that panic is still there but it depends on how our attitude is in minimizing the panic.
Those who have been in bitcoin for several years may have experienced conditions where bitcoin has decreased even more than 50 percent in the past few years but in the end when their hands were strong and managed to control themselves well they could master the panic they had until now it indicates that panic is still there but it depends on how our attitude is in minimizing the panic.
June 28, 2024, 02:48:25 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 can't remember the last time Bitcoin plunge and do 10-20% in a day, it did 9% during the volatile days of Bitcoin halving but we all understood that during those Bitcoin, it can be very volatile with + or - some percent, it's normal. However, when you understand the nature of Bitcoin and knows how volatile it has been in the past, you don't have anything to worry about because that's how Bitcoin really does. It can give you -5% today and gives you +20% later, that's how it works.
The time you bought Bitcoin is really important, if you buy at the top, you should expect such kind of decline in price because after Bitcoin must have pump, there must be a healthy connection and the worst that can happen about it is getting like 50%, so if you bought Bitcoin at the top then you should really be prepare for dump but doing dollar cost average will help you achieve a lot if you buy more as the price goes down.
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