Topic: How do you stay calm during a Bitcoin free fall. Losing my mind HERE (Read 146 times)
I pretend like it is not happening,during the bear market network difficulty and hashrate goes down so from our mining gear we generate more crypto every single day during this cycle.I say to myself that I am accumulating more crypto now and calmly wait for the recovery.By doing this I have been able to make some good amount of money and I am doing the same right now,keeping all mining income and not selling it right now that the price is in a free fall.
June 26, 2021, 03:01:28 PM
Seems like most seasoned Bitcoin veterans stay very calm during Bitcoin price free false. How do you stay so calm?
I've been in the crypto world since 2017, learning from experience, I don't panic anymore with the current market conditions...
2017 ago I really had no experience at all with Bitcoin, as a result when the bear market was in a hurry to sell, but now I have learned from my stupidity in the past so I am calmer in facing the current market.
June 26, 2021, 02:30:41 PM
Seems like most seasoned Bitcoin veterans stay very calm during Bitcoin price free false. How do you stay so calm?
I already booked my profit which i was looking and hence there is nothing much to worry here and i am also looking for the price to go down further and if you have a long term investment plan then there is nothing much to worry and it all depends upon at what rate you invested and anyone who invested in the market for the past few years should not worry about these corrections because they are already holding the coins at a profit. June 26, 2021, 02:15:17 PM
I am not considering myself as a veteran even if I was like doing crypto during early 2017, but to keep myself calm, I just don't look often to the price. Even if the price is not like 1.00001x of what I invested already, I just do my usual stuffs. It's not like I risked everything anyway, and because of that one should not worry about anything.
I don't mind if there ain't nothing to cash out.
Just don't look at Bitcoin as something that will make you rich or even a replacement for your 8-5, and from that reason is why other people fully commit all their assets, even their houses, into it.
I don't mind if there ain't nothing to cash out.
Just don't look at Bitcoin as something that will make you rich or even a replacement for your 8-5, and from that reason is why other people fully commit all their assets, even their houses, into it.
June 26, 2021, 02:02:57 PM
You have to position yourself to acquire more BTC when the price drops. Not the other way around.
If you are 100% all-in on crypto then you will suffer during the bear markets. Invest in multiple streams of income and diversify your portfolio.
If you are 100% all-in on crypto then you will suffer during the bear markets. Invest in multiple streams of income and diversify your portfolio.
June 26, 2021, 01:42:08 PM
Almost do nothing. It's still hitting my emotion when I see the price fall but I just got used to it. Since last year, the price of bitcoin is still better and you have to think of it to have that positive thinking.
When you stayed here for long, these falls will be nothing to you eventually.
When you stayed here for long, these falls will be nothing to you eventually.
June 26, 2021, 01:39:18 PM
when you see BTC fall think like there is a long road from where you start and when you finish. this long road has potholes and hills, turns and mountains...
hodl if you can.
hodl if you can.
June 26, 2021, 01:36:24 PM
You will be able to get through it with enough experience. Learning market history will also help. But the most important thing imo, is to never use more money than you can afford to lose. If you broke this rule, you'll get stressed sooner or later.
June 26, 2021, 01:24:22 PM
Seems like most seasoned Bitcoin veterans stay very calm during Bitcoin price free false. How do you stay so calm?
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