How To Deal with Bitcoins Up & Down Swings?Please Help.

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: googlerankspecialist on December 08, 2017, 08:49:20 AM

I haven't had a drink in about 2 years. I Do Not Smoke the earth," Green nor purple"
I have had these coins a total of 2 days. and I haven't slept in these 2 days .
I have read so many hack stories that it doesn't matter unless I shove them up my azz
and sew it close someone is going to hack me. "OH wait they have x-ray wifi for hacking my azz too.
On top of worrying about it being hacked, I have been following the price
WTF " UP DOWN!! UP, DOWN!!!
This is a rollercoaster that I'm really starting to feel sick !!! Will I be Rich or will I be poor???
I don't Know but what I do know is after I get my payment from Satoshii today I'm offloading A large
% of my bitcoins before I have a heart attack This is cool as a gamble but as an investment Mann
you either have to have balls or be using someone elses money because Bitcoin is not for the faint hearted
BTW how do you deal with your Bitcoin Market Price Stress!!!

The most important characteristic of the bitcoin is its volatility and moreover it is a kind of investment so no wonder its valuation keeps on flactuation and these two factors plays a very crucial role in determining the valuation of bitcoin and I think we all know that all the investment are subject to market risk and the pumps and dumps are very common in every investment and the best way to deal with these ups and downs is to have some patience and then act wisely that is when to buy, hold and sell your bitcoins.

pixie85

hero member

Activity: 2170

Merit: 528

I'm not stressed at all because I don't have a lot of money at all and a portion of it being in cryptocurrencies won't change anything. If you have only something like 1000 USD in crypto and the market falls by 10% you've lost 100$. It's not much so such swings are like a joke to me. What I'm hoping for is that one day Bitcoin will be worth 100k USD or more and i'll have some money to spend.

goribert

member

Activity: 118

Merit: 10

For me it has also been very stressful to deal with the great volatility of bitcoin, because unlike many other people who have been interested in this field exclusively as a speculative market, most of my investments are in bitcoin as part of the ideal that always I had respect to the power of bitcoin to bring about changes in society. Today I learned that bitcoin is nothing more than a pump and dump business for speculators and I have learned to buy and sell my coins without remorse.

cryptoamumu

jr. member

Activity: 140

Merit: 8

Only invest what you're willing to lose. You don't need invest your entire savings. Buy yourself hardware wallet to protect your bitcoin investment if you plan on hodling for a long time. Try not to look at the price daily. But that's really hard to not do.

crzy

full member

Activity: 2128

Merit: 180

Quote from: tanghere1 on December 08, 2017, 09:52:22 AM

If you can't handle the stress of bitcoin's market volatility atleast go for a walk or job for a few minutes to ease your mind out of it. A good exercise will do good to you not just mentally but physically.

If you are new in this kind of market I can say its normal because you are still on the stage of learning. Bitcoin is very volatile which is more risky for those who can't control their emotion. Just keep on learning and be more patient and your great profit will finally come.

MiningSensei

hero member

Activity: 766

Merit: 509

Because we passed christmas night and the new years evening it doesnt mean that people are spending millions and billions of dollars in gifts (just like it happened, with your criteria, the price dropped by more than 40% because of gifts)

Quote from: xindoa on December 31, 2017, 03:06:51 AM

Only invest what you can afford to lose. We are in the holiday season I think lots of people are caching out to pay presents and stuff.

We all are expecting so, but i do not think that it will go back to $20k soon, just let's give bitcoin a little breath.

Quote from: xindoa on December 31, 2017, 03:06:51 AM

So I’m expecting January it will go back up again. I hope. Best thing you can do is leave it be and enjoy the ride

The price made a x4 in just less than four months, i dont know why you all are so stressed about seeing it below $15,000 right now.

jamjams455

newbie

Activity: 6

Merit: 0

In the beginning it's like that, eventually you get used to it and you will feel the same anxiety you're feeling now when you DON'T have any bitcoins. that's how i feel now. sleep like a baby when i own some, paranoid as hell when I'm out for fear of it mooning without me. :3

Dhaaaw

full member

Activity: 140

Merit: 100

Everyone of us went through that phase, it's okay to worry but eventually you will get used the bitcoin volatility. About the security concerns, you need to be carefull who you trust on the internet with your personal informations and try to stay away from the deep web and everything will be fine.

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

Your worries are valid. The scams and hacks going around are annoying and worrying. What we can do is to secure our computer and wallets.

As for the swings in Bitcoin price, it is unavoidable too. To be frank, I am not stressful because of the swings. This is because I am not doing day trading. And no matter how much BTC price dipped, I believe it is temporary and will raise again. Hence no stress for me.

Malsetid

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Activity: 924

Merit: 502

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Lol. You have to accept that its part of trading. The market volatility is what makes it profitable for a lot of traders and it also flushes out weak hands so don't be one. Patience is going to be your best friend when things like that happens. Make sure you don't give in to panic or stress

xindoa

member

Activity: 194

Merit: 12

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Only invest what you can afford to lose. We are in the holiday season I think lots of people are caching out to pay presents and stuff. So I’m expecting January it will go back up again. I hope. Best thing you can do is leave it be and enjoy the ride

terracapable

newbie

Activity: 10

Merit: 0

Try to invest your money in a way where you won't get your budget low. Basically, you should save some investments first before proceeding.

tanghere1

full member

Activity: 126

Merit: 100

If you can't handle the stress of bitcoin's market volatility atleast go for a walk or job for a few minutes to ease your mind out of it. A good exercise will do good to you not just mentally but physically.

audaciousbeing

hero member

Activity: 1330

Merit: 569

Quote from: googlerankspecialist on December 08, 2017, 08:49:20 AM

I haven't had a drink in about 2 years. I Do Not Smoke the earth," Green nor purple"
I have had these coins a total of 2 days. and I haven't slept in these 2 days .
I have read so many hack stories that it doesn't matter unless I shove them up my azz
and sew it close someone is going to hack me. "OH wait they have x-ray wifi for hacking my azz too.
On top of worrying about it being hacked, I have been following the price
WTF " UP DOWN!! UP, DOWN!!!
This is a rollercoaster that I'm really starting to feel sick !!! Will I be Rich or will I be poor???
I don't Know but what I do know is after I get my payment from Satoshii today I'm offloading A large
% of my bitcoins before I have a heart attack This is cool as a gamble but as an investment Mann
you either have to have balls or be using someone elses money because Bitcoin is not for the faint hearted
BTW how do you deal with your Bitcoin Market Price Stress!!!

Your fear and concerns is very much normal and its because you are just coming into this unique world of volatility. I am quite certain you have not been involved in something not as volatile as this but don't worry you will get used to it everyone have had such at one point or the other. In my own case, a simple unable to check my wallet balance for the fifth time within the hour, made me lose my patience that I had to sell everything thinking that I could be hacked the next minute but those decisions are some I regret which is going to happen to you too if you decide to sell out of pressure and not self will.

Another piece of advice which is key, is that don't put in more than you can lose or that could alter your wellbeing in case things went the other way from initially planned with that you are able yo maintain your cool till when things stabilises.

partysumo

member

Activity: 126

Merit: 10

You should invest an amount of money which wouldn't hurt you financially if you lost all of it. Other than that, you should buy bitcoin and forget about it for some time, because if you follow prices every day, you are going to go crazy, since the price fluctuates like crazy as well. Buy a little amount, forget about it and come back in a couple of months.

googlerankspecialist

member

Activity: 126

Merit: 10

LG LIFE IS GOOD

I haven't had a drink in about 2 years. I Do Not Smoke the earth," Green nor purple"
I have had these coins a total of 2 days. and I haven't slept in these 2 days .
I have read so many hack stories that it doesn't matter unless I shove them up my azz
and sew it close someone is going to hack me. "OH wait they have x-ray wifi for hacking my azz too.
On top of worrying about it being hacked, I have been following the price
WTF " UP DOWN!! UP, DOWN!!!
This is a rollercoaster that I'm really starting to feel sick !!! Will I be Rich or will I be poor???
I don't Know but what I do know is after I get my payment from Satoshii today I'm offloading A large
% of my bitcoins before I have a heart attack This is cool as a gamble but as an investment Mann
you either have to have balls or be using someone elses money because Bitcoin is not for the faint hearted
BTW how do you deal with your Bitcoin Market Price Stress!!!

Topic: How To Deal with Bitcoins Up & Down Swings?Please Help. (Read 250 times)