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Topic: Question for bitcoin traders !!! - page 2. (Read 513 times)

sr. member
Activity: 2828
Merit: 344
win lambo...
July 09, 2021, 05:48:02 AM
#46
Actually bitcoin always experience such situation wherein even before. So don't fell and follow in your emotions because as long as you will stay holding the chance to regain all your losses is still in your hands.  So be patient instead of worrying because that's common now due to some whale's that always manipulate the market.. Control your emotions and never give up mate it will recover anytime soon. Just relax..
Frustration and market disappointments are really what we commonly feel when we suffered losses. No one could escape this thing, honestly. If we just give up and leave crypto, we have no chance to recover our losses but there is one thing that we need to look at ourselves if we can really do trading. Because some traders are pretending to be good and know what they did but the reality is that they don't have any knowledge about trading, only they just know the basics and this is not enough to make a good profit in here, but most likely it was just losses.
sr. member
Activity: 2016
Merit: 283
July 09, 2021, 05:16:04 AM
#45
Actually bitcoin always experience such situation wherein even before. So don't fell and follow in your emotions because as long as you will stay holding the chance to regain all your losses is still in your hands.  So be patient instead of worrying because that's common now due to some whale's that always manipulate the market.. Control your emotions and never give up mate it will recover anytime soon. Just relax..
sr. member
Activity: 1344
Merit: 253
July 08, 2021, 10:16:28 PM
#44
"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way"
isn't both are connected ? you won't get a peace of mind of thinking how can you make more money .
if we want a peace of mind we need to live simple . Having a lesser source to get an income would be enough but make sure it was stable .
we can still do crypto trade on the side but let's make things easy and less serious.
peace of mind is a priority to carry out the next step. The burden of life is getting heavier and heavier, but if we try, of course there will be a way to cover that need. therefore a simple lifestyle will help us to be able to set aside money, to invest or trade, so that later we will be able to change fate, not stagnant like now
hero member
Activity: 2940
Merit: 613
Winding down.
July 08, 2021, 05:01:15 PM
#43
The burden of thought must be in every trade because it is influenced by very fluctuating movements in every sector that is traded, you will definitely experience the thought of taking care of yourself sometimes if this is not constrained it will cause heavy stress later, but for me this is normal in trading, so every drop that is so drastic the thoughts in my head must be there but I don't feel it so deeply because this is already a down time and we are just waiting for the best moment to recover it

What will be a burden on my mind is that I borrowed money for bitcoin trading capital and then bought it after that it fell by almost 50%, now I can't imagine how heavy this burden is with things you don't have to do before.
Your intention of borrowing money is good but you are unlucky, the market just fell and if you will sell your coins at this time, it gonna hard for you to recover. You better hold them and wait for the right moment to sell.

Actually, that is difficult when you are trading in a single coin and once it drops, you don't have another choice rather than to sell it or hold. But if you are using 2-3 coins, we can use the other fund for recovery while waiting for the others to pump.
But above all, borrowing money for trading is not really a good idea IMO.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
July 08, 2021, 02:59:09 PM
#42
It's always easy to advise others, but following for own is very difficult. There are a few cool-minded traders who never panic they could decide with patience. People like me just become panic during dumping prices. To be honest, when I decide to hold Bitcoin for few months, then Bitcoin just starts to dump. When buying in a dip then encounter more dip. So usually we become panic instead of patience. Listen, we can't ignore relationships with life and money, so when you are losing money it will affect your life automatically. That's why we become panic during dumping, but it's pretty sure cool-minded people will gainer at the end of the day.
full member
Activity: 1638
Merit: 122
July 08, 2021, 02:34:17 PM
#41
"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way"
isn't both are connected ? you won't get a peace of mind of thinking how can you make more money .
if we want a peace of mind we need to live simple . Having a lesser source to get an income would be enough but make sure it was stable .
we can still do crypto trade on the side but let's make things easy and less serious.
legendary
Activity: 2660
Merit: 1074
July 08, 2021, 02:23:48 PM
#40
We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.
If you have a lot of money invested in Bitcoin more than you can afford to risk, then you’re always going to be worried about it because that amount is too much for you to handle if you should happen to lose it. When you’re advised to start with five percent, imagine you lose just five percent of what you have for investing, you’re not going to be so much worried about it, because you know that it is not much and it is something you will be able to cover up within a short period. So, the only solution to this problem is to always make sure that you’re not investing too much. By investing small amount you will be able to take your mind off it
member
Activity: 840
Merit: 23
July 08, 2021, 01:21:56 PM
#39
Once it comes to investments its always certain that a constant check on how far it's been appreciating or depreciating over time but it's always wiser to luck-up your coin and forget about it because most times the market might appear very scary with a massive bearish move causing a dip spike that might even discourage an investor. Once you choose to invest always expect one of two things either a profit or a loss there is no in-between in any investment
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
July 08, 2021, 01:11:24 PM
#38
"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

You must have realised that those who are usually burdened with this unrest of the mind are those who actively trade bitcoin and other cryptocurrencies.
In reality, it is right for them to be this way because that is the way to maximise the market fluctuations in price.
The only way to avoid this is to invest in Bitcoin and hodl. Usually, it is advised to set a target time to take profit. This doesn't require any form of monitoring as the price of bitcoin tends to rise over time.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
July 08, 2021, 11:11:59 AM
#37
The burden of thought must be in every trade because it is influenced by very fluctuating movements in every sector that is traded, you will definitely experience the thought of taking care of yourself sometimes if this is not constrained it will cause heavy stress later, but for me this is normal in trading, so every drop that is so drastic the thoughts in my head must be there but I don't feel it so deeply because this is already a down time and we are just waiting for the best moment to recover it

What will be a burden on my mind is that I borrowed money for bitcoin trading capital and then bought it after that it fell by almost 50%, now I can't imagine how heavy this burden is with things you don't have to do before.
legendary
Activity: 2492
Merit: 1232
July 08, 2021, 10:35:10 AM
#36
I dont panic now. I've admit that there is a tiny regret feeling when it reached new ATH at 60k and I wasnt be able to at least convert it into USDT. But Ive seen the worst dip before and this bearish moment is just a normal scene in bitcoin market that we just need wait until it recovers.

So, how do we cope up with bitcoin price flactuations? We shall have managemeny plan, target profit and lose and shall have control over emotions.
A financial management plan is very important when you have an investment in crypto because it's very volatile that you should be coped up.  You just need to set up a target profit plan and don't think panic selling when the market goes down.  No one might be selling their crypto-assets under the price where they purchased them.

Using extra money is a wise decision because you can't touch it if you don't need it, which means what is the purpose of selling under the price if you don't need any financial.

The most important thing is when we invest in crypto that we know how volatile it is, don't regularly check the market price, forget at least for years and then come back after 4-5 years, you will see a better result.
legendary
Activity: 2618
Merit: 1181
July 08, 2021, 09:44:22 AM
#35
If you are a trader then you should know that pressure is at every intersection between rising and falling price. I remember one thing about how we can minimize this stress and that is not investing as much as you can't afford to lose. This mean using as much money as you can afford when you lose and it will put your mind and feeling at ease a bit. One more thing, don't borrow money from anyone to trade, you are bound to run into unexpected problem due to price fluctuation.
sr. member
Activity: 1876
Merit: 318
July 08, 2021, 06:30:33 AM
#34
the first in my opinion is that the money invested in bitcoin is money that does not interfere with daily life, meaning more money or savings that do not interfere with real life. and the second is don't bet all your assets because this is very dangerous for your finances and your life.
everything can look easy if we ourselves can manage it well, set aside a little money to invest in bitcoin or altcoins and start looking for profits with a logical percentage with the amount of capital we have.

I agree that it is better to invest in Bitcoin using the extra money we have, and don't use money for daily living expenses to buy Bitcoin.
So when we are in a bad situation like now, where the price of Bitcoin fell quite a lot after it managed to rise above the $60k price.
We don't need to panic and sell the Bitcoins that we have, because surely the price of Bitcoin will go up again, and we can be patient
waiting for the price of Bitcoin to rise again. I also don't invest only in Bitcoin, I split my money in other assets too. Because it is very
important to divide our money not only in one asset.
sr. member
Activity: 1330
Merit: 326
July 08, 2021, 06:04:33 AM
#33
I dont panic now. I've admit that there is a tiny regret feeling when it reached new ATH at 60k and I wasnt be able to at least convert it into USDT. But Ive seen the worst dip before and this bearish moment is just a normal scene in bitcoin market that we just need wait until it recovers.

So, how do we cope up with bitcoin price flactuations? We shall have managemeny plan, target profit and lose and shall have control over emotions.
member
Activity: 658
Merit: 11
CRYPTO WEB3 NEOBANK
July 08, 2021, 04:05:13 AM
#32
the first in my opinion is that the money invested in bitcoin is money that does not interfere with daily life, meaning more money or savings that do not interfere with real life. and the second is don't bet all your assets because this is very dangerous for your finances and your life.
everything can look easy if we ourselves can manage it well, set aside a little money to invest in bitcoin or altcoins and start looking for profits with a logical percentage with the amount of capital we have.
sr. member
Activity: 2436
Merit: 343
July 07, 2021, 05:29:04 PM
#31
In order not to be burdened with bitcoin price fluctuations, first determine what type of investment you want to make in bitcoin, whether Short-term, Mid-Term or Long-term. Because the long investment will affect your profits and psychology. For example, if you use a short-term strategy, then you must continue to monitor the price of bitcoin at all times and sell it when you are profitable. but for long-term or long-term investments, you have to look at the charts and analyze where you should buy and when you should sell. Long-term may take months or even years, depending on the target to be achieved.

live life well, take every opportunity to profit in bitcoin trading. Don't think too much about price fluctuations. just follow the flow.
We don't have to get starved and praise money because that will be the reason why we become frustrated with every loss we got.
We should have to know our capabilities and limitations. This is something that needs to understand as many traders tried to push themselves out of it.

Short-term or long-term trade, we have to choose where we are comfortable because the result of our trades will depend on how we manage our funds. Losing is a part of the game and therefore, we have to find a solution to minimize it otherwise, we are making ourselves out of the game.
sr. member
Activity: 1176
Merit: 252
July 07, 2021, 05:07:17 PM
#30
In order not to be burdened with bitcoin price fluctuations, first determine what type of investment you want to make in bitcoin, whether Short-term, Mid-Term or Long-term. Because the long investment will affect your profits and psychology. For example, if you use a short-term strategy, then you must continue to monitor the price of bitcoin at all times and sell it when you are profitable. but for long-term or long-term investments, you have to look at the charts and analyze where you should buy and when you should sell. Long-term may take months or even years, depending on the target to be achieved.

live life well, take every opportunity to profit in bitcoin trading. Don't think too much about price fluctuations. just follow the flow.

Short term one was a interesting as compared to the long term one.We can predict the short term value some how with the candles and indicators.So you get profit for the investment by analysis with again and again on same day.Long term had no time limit,even it will be one year for some coins.But if you invested immediately needed money,you will be loser.
legendary
Activity: 2338
Merit: 1084
zknodes.org
July 07, 2021, 02:15:58 PM
#29
In order not to be burdened with bitcoin price fluctuations, first determine what type of investment you want to make in bitcoin, whether Short-term, Mid-Term or Long-term. Because the long investment will affect your profits and psychology. For example, if you use a short-term strategy, then you must continue to monitor the price of bitcoin at all times and sell it when you are profitable. but for long-term or long-term investments, you have to look at the charts and analyze where you should buy and when you should sell. Long-term may take months or even years, depending on the target to be achieved.

live life well, take every opportunity to profit in bitcoin trading. Don't think too much about price fluctuations. just follow the flow.
sr. member
Activity: 1610
Merit: 264
July 07, 2021, 08:42:31 AM
#28
~
Well you can't help but to think of how to earn money regardless. Emotion is what f us up 90% of the time. That is why when making decision, you should sleep it first overnight before committing to that kind of decision.
Last night I was thinking of selling a little bit of my Bitcoin, but then I just let myself fall asleep to ensure that I am not just f up with tiredness with that mindset. Turns out I didn't want to sell at all.
hero member
Activity: 2366
Merit: 594
July 07, 2021, 08:11:05 AM
#27
What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Some traders say this and I can say it is true, "don't trade with your emotion involved" in other words learn to trade without emotion. Newbie traders will really be stressed with the price fluctuations of bitcoin and other cryptos but as time goes and they get used to it, it will just be a normal day in the crypto market. Also never invest your money that should be put into other responsibilities, some newbie traders tend to borrow money from someone or get a loan thinking that they would earn easy profit.
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