Topic: Do you also panic when bitcoin price falls more than 10-20% in a day ? - page 9. (Read 2004 times)
June 29, 2024, 01:52:05 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, 01:51:11 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, 01:49:51 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, 01:35:24 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, 01:34:01 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, 12:42:28 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, 12:26:23 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 28, 2024, 11:37:56 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 ?
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, 10:54:46 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. 
June 28, 2024, 07:44:40 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, 05:36:41 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, 05:29:18 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, 04:45:50 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, 04:44:41 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, 04:38:31 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, 04:33:22 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, 04:22:59 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, 04:13:39 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, 04:00:32 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, 03:49:32 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. Jump to: