Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 8.

Felicity_Tide

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Quote from: krishnaverma on June 28, 2024, 09:52:49 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 ?

Why panic so much when the price is still going to move up?. Except you are a trader or a short term investor that wants to take profit within a specific time.

For a long term investor who is hodling for long, then a decline in price shouldn't cause panic in anyway, as they are after the future price and not the current.

My plans are clearly for the future, I don't know about you.

Pandorak

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Quote from: krishnaverma on June 28, 2024, 09:52:49 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'm not one of those people, a sharp drop means another entry position (if i still have money allocated for investment), a sharp drop will only impact traders and not investors, because they need balance to continue doing their daily trading.

The rainbow chart can be a real reference for continuing to hold our bitcoin without having doubt how our bitcoin portfolio will perform in the future. And if a sharp decline occurs in bitcoin and it ruins your days, to control your feelings, you don't need to think about it and don't need to keep looking at the market, it's better to go to real world activities that you enjoy, bitcoin has proven that it able to recover (although it takes quite a long time).

Plaguedeath

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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.

Wapfika

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Quote from: krishnaverma on June 28, 2024, 09:52:49 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 ?

Nope. You will only panicked if you placed a position on futures trading your SL or liquidation will surely hit in case the direction is against your position while I never placed a position on futures trading.

Futures trading is already gambling on this volatile market. I preferred to trade only with spot and use the casino to play real gambling which I enjoy rather than opening a risky which I don’t get entertained while they are both considered as gambling already.

Oshosondy

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I invested small amount of bitcoin and I have started another DCA. If the price continues to fall, it would be a profit for me later as it is giving me another opportunity to invest in bitcoin at a lower price.

Bitcoin fall but I do not really see much loss as it would have been with altcoins.

krishnaverma

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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 ?

Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 8. (Read 1060 times)