Topic: Question for bitcoin traders !!! - page 4. (Read 513 times)

I don't know what exactly to do by other people here.
but, here are what I am doing to face this condition like what happening right now. I am also experiencing this, very dropped asset, not only on my BTC but also on all of the cryptocurrencies in my portfolio.
1. Use only free money, in which it is no big problem when the price is still dropped because we don't need that money in a hurry
2. I personally prefer to hold all coins including Bitcoin that I have during this dropped market price, no need to panic and cut loss because I am personally too late to cut loss.
3. Save and forget my assets until the market better someday, it may be better not to check our all assets that are dropped when in this kind of market condition, because the more we are seeing the assets dropped, the more stressful we will be.
4. Use some of them or several coins to stake or lock, but ensure that it is on reputable exchanges or problems because it is also risky.
5. Get another trading from another money, I am personally using the rewards from this signature campaign to start trading again. Although the market is dropped, it doesn't mean to stop trading, use every chance to get profits, if it is a loss, learn from the loss what strategy may be not appropriate to this current market condition.
6. Once more, Do not panic, we are all aware that the crypto market is full of stress moreover for our psychology. It is very normal to be sad or worried about the portfolio that we have been dropped. But, once more, if we are already in this crypto market, we must be ready with all risks, such as this kind of market.

Good luck guys, we can face this all situation.   

Honestly, it's never easy to be a trader, especially the trauma that one experience when money is going and one still believe that the market is going to turn up for good without having any doubt. The price of Bitcoin had really fallen to half of it value   and most investors who had lost a fortune from investing and trading Bitcoin are still patiently optimistic about the current situation of the market as at now.

Although trading is not only about making profits but having a rest of mind beating your chest that you have strived and now becoming an overcomer. Trading is live, is career not just something one dabble into just because of material gains, although we all see trading from different perspectives which is not really bad.

Not all  would really be having that kind of patience on where they would just simply wait out for some recovery and this is actually self preference or choice of certain trader.

They have their own con's and pros and depending or according to your needs then its up to you on which path you would be taking on.Swing trader or active trader.

Dont stress your self that much because once you had step your foot into this market then fluctuation is something you can see everyday.
Deal with it.

The question here is and apparently where the problem lies is, 'What kind of trader and trading are you unto?'.
Are you a day trader that is concerned about picking the little pips in the market? Or
Are you a hodler that just invests and waits on the market to appreciate in price before thinking of exchanging to doing away with your investment.
This is actually where the market actually plays around with your thoughts and most of all, it's the day traders that 7s concerned or affected the most. The long term traders could easily relax and be rest assured that, there huge input would yield good returns in the long run but the short term traders are more concerned about the opportunities in the charts and how not to miss a single move. This I consider dangerous both financially and health wise as your mind is constantly disturbed by any surprising move.

People that are mostly panic are traders, it is because they trade often. To not panic and have rest of mind, just be very calm and patient, wait for the price to dump, invest small, if the price continue to dump, invest more and like that. Some people will see dump price and invest all, that is very wrong. if you invest small, you will be able to invest more if the price dump the more. No matter what will happen, the price will later increase.

"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.