Well for me what I do is just not look at my phone. I will even now sometimes just turn it off because I do have so many applications with price notifications.
Not going on twitter and other social medias does also help. If we avoid them then we can avoid the fud and fomo that people speak of. I do not want to sell my coins for so cheap so it is how I do this.
Topic: How to avoid stress in a market crash - page 3. (Read 819 times)
I can only suggest to look on crypto as a long term investment and not focus on frequent price changes. But crypto, set a goal (for example double the investment and quit) and wait. You won't have enough nerves if you react sharply to every price change. Just remember, no matter what current price is, nothing is over until you take a decision to sell. Yes it is always sad to see market being red, but nobody forces anyone to sell at low price. Just wait until goal comes true.
Everyone says they invest long term in bitcoin but they always find reasons every time the price drops and check the price every day and panic when they see the price drop. It is true that it is much easier said than done, everyone can say it but not many people can do it. Personally, I can't do it either, it's very difficult to stop checking bitcoin prices once we've made it a part of our lives.
I certainly won't sell bitcoin until I reach my goal, but there's no denying that every time bitcoin has a significant correction, I'm not happy at all. I also feel uncomfortable that the value of my assets has decreased significantly.
Suggesting not to check prices or pay less attention imho is also wrong. A person or investor must always be aware what happens with his money. Otherwise it will look like a reckless approach towards money. To people who see red market, and such market continues to be like that for days, I suggest to look on the price graph but select longer time intervals like 6m, 1y and etc. It might be that only right now market is red, but in general situation everyone are still in profit.
Best way to avoid stress is to understand why we move and to what extent it matters. The boundaries of this current recovery are relative to the last sell at the start of July, current pricing is just below the closing daily lows of that period in BTC price action history.
If we cannot surpass the daily lows within the 56k area I expect it to resolve into further weakness. If we cannot go up we'll test the lows again probably from which we have just recovered, BTC is a restless soul its likely to keep moving to test each side of any box its placed in.
If we cannot surpass the daily lows within the 56k area I expect it to resolve into further weakness. If we cannot go up we'll test the lows again probably from which we have just recovered, BTC is a restless soul its likely to keep moving to test each side of any box its placed in.
- Buy the dip
- Buy Bitcoin
- Buy the dippity dip of the dip
If you're stressed out of the market because these dumps, strengthen your heart. Do something that makes you happy and one of it is buying more Bitcoin.
You'd see how this is a shortcut in all of those stress, and soon you'd just say whenever there's a $10k slash to its price or even more, "I'm used to it".
I do agree into that dippity dip of the dip kind of entry.
DCA even if it means that it would really be that becoming even more deeper in terms of the price correction. We do know that this isnt something that new
and could really happen anytime since this market has always been that volatile in the first place. You should really be having that right approach in terms of price volatility
so that you wont really be that getting self stressed out on particular conditions.
There's a huge tendency that you're going to spend the Bitcoins that you've efforted to accumulate and DCA. And that's why when investing in Bitcoin, you have to do it with the funds that you're not going to be bothered with.
Many investors have made that mistake that they've DCAd, which is fine but then with everything that they've got and that's the wrong strategy that they've come to realize.
Because when a sudden turn of event happens, they'll be forced to sell those Bitcoins even not yet on the peak or even a break even or a few percentage of profit.
I can only suggest to look on crypto as a long term investment and not focus on frequent price changes. But crypto, set a goal (for example double the investment and quit) and wait. You won't have enough nerves if you react sharply to every price change. Just remember, no matter what current price is, nothing is over until you take a decision to sell. Yes it is always sad to see market being red, but nobody forces anyone to sell at low price. Just wait until goal comes true.
Everyone says they invest long term in bitcoin but they always find reasons every time the price drops and check the price every day and panic when they see the price drop. It is true that it is much easier said than done, everyone can say it but not many people can do it. Personally, I can't do it either, it's very difficult to stop checking bitcoin prices once we've made it a part of our lives.
I certainly won't sell bitcoin until I reach my goal, but there's no denying that every time bitcoin has a significant correction, I'm not happy at all. I also feel uncomfortable that the value of my assets has decreased significantly.
- Buy the dip
- Buy Bitcoin
- Buy the dippity dip of the dip
If you're stressed out of the market because these dumps, strengthen your heart. Do something that makes you happy and one of it is buying more Bitcoin.
You'd see how this is a shortcut in all of those stress, and soon you'd just say whenever there's a $10k slash to its price or even more, "I'm used to it".
I do agree into that dippity dip of the dip kind of entry.
DCA even if it means that it would really be that becoming even more deeper in terms of the price correction. We do know that this isnt something that new
and could really happen anytime since this market has always been that volatile in the first place. You should really be having that right approach in terms of price volatility
so that you wont really be that getting self stressed out on particular conditions.
I can only suggest to look on crypto as a long term investment and not focus on frequent price changes. But crypto, set a goal (for example double the investment and quit) and wait. You won't have enough nerves if you react sharply to every price change. Just remember, no matter what current price is, nothing is over until you take a decision to sell. Yes it is always sad to see market being red, but nobody forces anyone to sell at low price. Just wait until goal comes true.
They say it's where your treasure is, that's where your heart will be. I think it's what the Holy Bible said. It's not easy to invest in Bitcoin and not monitor it except you have other means of income but even at that you'd still check.
For me, the best way to relieve myself of the stress attached to Bitcoin trading is to first accept that price will fluctuate so that I don't panic whenever I see a dip and then focus my energy on other productive things that will still yield money.
For me, the best way to relieve myself of the stress attached to Bitcoin trading is to first accept that price will fluctuate so that I don't panic whenever I see a dip and then focus my energy on other productive things that will still yield money.
- Stopping all price update notifications
- Deleting exchange apps (if you have them on an exchange)
- Not playing too much on the internet
- Focusing on the real world
- Keeping myself busy doing physical activities
To avoid stress I remind myself what time I want the sell and I keep hodling. I also have fiats therefore I do not need cash so I do not have to sell. I have done some research and I know the market is always behaving like this so I just keep hodling. Deleting exchange can be of help but the apps can always be downloaded back without wasting anytime therefore if that is your only solution, it might fail you. I train my mind to not get worried about what is happening to the market and I stay aware from having discussion about the market. I also buy during the dip therefore when the market is crashing, what I think about is how I can buy and not how I can sell and this helps me to forget that I am losing value of my coins. I do not think that I have lost because I have not sold but I know my coins are losing value.
Are there any other ways you can suggest?
With this big event last night with the price of BTC falling rapidly, in my opinion, many people are disappointed, especially those who have BTC assets, because indeed this moment is a moment that is not desired by those who have assets in BTC or others. But the other side that is beneficial is for those who want to have assets in BTC because they can buy at low prices like my friend who took advantage of this moment because he bought only a few coins but the profits have been obtained but still refrain from selling them.
To divert stress because the market is down I think you can by keeping yourself busy, but for those who are already MC I don't think they can help themselves to stress.
do something productive to make up your losses but don't realize the unrealized loss.
like basically if your position is already losing right now, just let it float with unrealized loss, because if you sell it means you're losing opportunity to make it up back again, but also set SL to prevent too much loss.
meanwhile you just try to find some way to make money to compensate for loss and as a way to kill time so that you don't get overly stressed with your holding position.
when things start picking up later on you will find yourselves recovering your loss while also got another source of income.
like basically if your position is already losing right now, just let it float with unrealized loss, because if you sell it means you're losing opportunity to make it up back again, but also set SL to prevent too much loss.
meanwhile you just try to find some way to make money to compensate for loss and as a way to kill time so that you don't get overly stressed with your holding position.
when things start picking up later on you will find yourselves recovering your loss while also got another source of income.
If you sell then you lose why panic or become stressed on the market it's normal for Bitcoin if you decide to invest in Bitcoin you should be aware of what might be happening in the future like today.
As you can see on the chart 3 times the price of BTC is stuck at the 50k level they called it 3 bottoms so there's a possibility that this is the last cheap price of BTC and later after this decline we see price surge and touch to 70k in a day without we noticed.
So think twice before you sell I don't know if there's a way to avoid stress but you should understand the risk in crypto unless if you are a trader and want you tell sell it to exchange it to other asset since altcoins/tokens are more volatile than BTC.
As you can see on the chart 3 times the price of BTC is stuck at the 50k level they called it 3 bottoms so there's a possibility that this is the last cheap price of BTC and later after this decline we see price surge and touch to 70k in a day without we noticed.
So think twice before you sell I don't know if there's a way to avoid stress but you should understand the risk in crypto unless if you are a trader and want you tell sell it to exchange it to other asset since altcoins/tokens are more volatile than BTC.
Everyone will panic with the market situation now, because in 24 hours the market was so deep more than 15%-20%, some news came out a lot of money came out of the crypto market.
But for me it's too much with what you said, I know there is a little tension with the market now maybe it could be a deeper fall in bitcoin to $40K if the market is crashing.
I'd rather be busy with other activities or continue my hobbies in this real world can forget about the current crypto market.
But for me it's too much with what you said, I know there is a little tension with the market now maybe it could be a deeper fall in bitcoin to $40K if the market is crashing.
I'd rather be busy with other activities or continue my hobbies in this real world can forget about the current crypto market.
- Buy the dip
- Buy Bitcoin
- Buy the dippity dip of the dip
If you're stressed out of the market because these dumps, strengthen your heart. Do something that makes you happy and one of it is buying more Bitcoin.
You'd see how this is a shortcut in all of those stress, and soon you'd just say whenever there's a $10k slash to its price or even more, "I'm used to it".
We know that some people can't help themselves in panic and have the intention to sell their losses.
The best way for me to relieve stress during market crashes like now is to;
Are there any other ways you can suggest?
The best way for me to relieve stress during market crashes like now is to;
- Stopping all price update notifications
- Deleting exchange apps (if you have them on an exchange)
- Not playing too much on the internet
- Focusing on the real world
- Keeping myself busy doing physical activities
Are there any other ways you can suggest?
- Dont tend to check charts
- Dont try to see your portfolio
- Avoid on choice out some market apps on which give out updates
- Avoid on getting together with those people who do have that around on which it would be making up some impact towards your emotions.
The key on here for you not to be able to make those cut losses on which on the time that you are really just that starting to trade is that only make use of the amount that you can afford to lose,
or simply you are really just that making use of the amount which arent intended or making use for other priorities. On the time that you've known or seen yourself having those negative
funds but on those money which arent that too important then its likely that you could really be that easily to sustain and easily be able to survive whenever market crash do happen such as this.
Self acceptance whether you would really be able to adapt out on those certain conditions knowing that not all the time we are really that doing the right way. When it comes to market
crash then this is something which isnt really that shocking. Why? its just been always been that part of this market. Make yourself that too impulsive or crying then
on the moment that you will losing money then its an another story.
Are there any other ways you can suggest?
Yes, there's only one way that has been very helpful for me and that's to be emotionally strong when you see market going downward. Most of us who had opened positions are still in loss because of the recent market crash and the best way to convert those losses into profit is to be emotionally strong in such times.The market always has its ups and downs and if such ups and downs make you worry or you panic sell when market dumps and FOMO buy when market pumps then you won't make any good profits as a trader or investor.
The market is still crashing and who knows how low we may see Bitcoin's value when this crash gets intense but surely we will see another upward moment after the crash and those who know this fact are still accumulating Bitcoin when its value is going down.
Stopping looking at the price update is actually going to do everything. But it's hard to control yourself when you've been used to it. If you are a busy person, it'll help that you've got some other things to do and forget at the moment what's happening in the market. For some, there is joy in adding more to your own holdings, and for those who have said that Bitcoin is quite expensive at $60k levels, this is their opportunity to buy. It went down $50k so, that was actually a good price if they ever have seen it do a flash crash there.
I still cannot understand at this stage in Bitcoins history or even given the
last 4 years that some people would panic and sell when the market has fallen
back. Its end of world thinking, its Bitcoin is going to Zero thinking.
We don't have the same tolerance for what's happening on Bitcoin. It's true that it won't be going to zero but they just can't help themselves having that panic and anxiety attack when seen crashed. last 4 years that some people would panic and sell when the market has fallen
back. Its end of world thinking, its Bitcoin is going to Zero thinking.
For the time being, don't look at the market because this decline will happen in the next few days because of global economic tensions that I know, 100 million more have been liquidated from the crypto market.
Honestly can't avoid the news about crypto because notifications always appear on my mobile and even X always pop-ups when there is hot news there.
Let's face it, there is no other way to do that because we have to be able to pass all the tests that are being inflicted on the market.
Honestly can't avoid the news about crypto because notifications always appear on my mobile and even X always pop-ups when there is hot news there.
Let's face it, there is no other way to do that because we have to be able to pass all the tests that are being inflicted on the market.
We know that some people can't help themselves in panic and have the intention to sell their losses.
I still cannot understand at this stage in Bitcoins history or even given the
last 4 years that some people would panic and sell when the market has fallen
back. Its end of world thinking, its Bitcoin is going to Zero thinking.
The market always recovers so having a medium to long term outlook is
very beneficial.
Also having an outlook that when the market falls its an opportunity to DCA,
treat it as a positive rather than a negative.
I don't think I need to do any of this in order to restrict myself from selling, as I have already developed my self-control to the extent that no matter how fast the market is trying to dip, it will be very hard for me to sell off my holding below the purchasing price, as it's when ever I sell out that I can officially record losses if not I hold until the market comes back to normal and even does better.
Watching the price most times might affect me emotionally, but I can also use that to my own advantage if I have spare cash. I can still accumulate more with the opportunity that the dip offers.
Good thing if you have spare money to add more bitcoin in your portfolio, that's a good opportunity to maximize your bitcoin investment. However, not everyone is capable to buy so hodling should be the best option, and in order not to be triggered with the price and decide panic selling, stay off the market first and focus on your other investment or hobbies. While you become productive with other stuffs, you have avoided as well getting frustrated while seeing btc price drops drastically.Watching the price most times might affect me emotionally, but I can also use that to my own advantage if I have spare cash. I can still accumulate more with the opportunity that the dip offers.
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