Topic: Take your eyes off from the fall in price - page 6. (Read 996 times)

The fallen price has never been encouraging for any trader except the future traders who have shorted it because they make money on their shorts, while spot buyers always lose. Not watching the market (like you told us to take our eyes off from the fall in price) doesn't make any sense because that's the real picture being painted on the charts, so we have to look at it and yes, also accept it at any cost.

Day traders do require a good eye on any dips this will turn a profit quickly. But, for those who are making long term investments there is no need to look at the charts every day, just check if necessary and now buy again. a market crash is a sign of where to start buying again and don't panic over a price crash.

If you are actually aware about the price volatility of bitcoin, I don’t think bitcoin dropping its price will still bother you and will be a big issue for you. Note that bitcoin price drops so that it will surge high again and reach a much higher price. And once you see the price dropping, do not see it as a price failure but rather take it as another opportunity to buy more bitcoin while the price is still low and affordable. If your mindset is like that, you will never fall panicking and worry as to when its price will recover, because you know in the long run that bitcoin will recover on its own and settle into a more impressive and expensive value.

Apart from thinking about profit through investment, some investors also think about feeling affection for Bitcoin if they sell it at a lower price than the price they bought it for. And if there are people who sell Bitcoin because they panic after seeing the price drop in the market, they are not reliable investors with enough patience, but they are just people who don't believe in Bitcoin even though they have bought Bitcoin.

Because a person who truly believes in Bitcoin and he claims to be a reliable investor for Bitcoin, that person will never sell when a price decline is happening and he will even look for new capital to continue buying Bitcoin at a low price. Because such people always prefer to invest with Bitcoin instead of thinking about more profits in the future through Bitcoin itself.

Yes, you are right, seeing the price of Bitcoin lately, of course it is not an easy thing for those who are just starting to invest in Bitcoin, but by having a lot of information about Bitcoin, of course they will understand that investing in Bitcoin must have patience so that they can get good profits later. If they don't have good patience, of course they will sell it if they see the current price because they will be worried if the price will go down again and this will make them not get a profit if the price goes up again later.

We do work hard for long before we do able to get that huge sums of money on which you are really indeed right that it is really just easy to say that not to focus or checking out the market often but in real thing

that if the amount is big and significant then its truly not that avoidable for you to make some checks at least. The good thing is that whenever you are really that prepared on what are the things that would happen then you wont really be making yourself that impulsive on which this is really a must thing to do specially on dealing with a very unpredictable market. Falling and Rising is always been that part or something that a standard on this market. On the tiem that you do step your foot then you are already accepting your fate on dealing with unpredictable prices and totally that random movement.

This would really be something that would really be in connection with your emotions because you cant really be able to avoid on not to think off about on whats the current market situation.If you do see
that you are on negative then there's really that tingling feeling of certain worrying about your investment condition. Its normal since we are just humans but due to experience and knowledge
and awareness on things then you do already have the idea on what  you should gonna do.

You will feel bad when looking at Bitcoin recent falling price and if you want be happy for recent falling price of bitcoin don't think of bitcoin falling and rising again, because when you continue to think of bitcoin price it will make you sell off your bitcoin you invested, so if you don't want to get discouraged as new investor in bitcoin don't think of the market any longer, just concentrate on other investment because bitcoin most surely rise for tye second time, investment in bitcoin is something of endurance and when you endure or have patients in bitcoin you will make profit

TBH, BTC didn't reach where it is, overnight. It took years for it to even get the recognition it has achieved till date and is still being adopted by many countries. A small revolution that got sparked in 2009, took an avatar of a giant wildfire and is changing lives since then. So thinking of price, it has crashed a 100, maybe 1000 times so it's not a big deal for those who have seen it since its early stage. But newbies will definitely feel heartbroken after seeing this, however they must understand that this is a cycle and it repeats itself every single time before a new bull run begins and takes BTC's value to a whole new level.

For long term investment they will not worry with bitcoin price fall down and accumulate or re investing as much possible during bitcoin price still down, but if not worth for short term investment actually current bitcoin price last month raised to $30k and right now have bad situation after bitcoin going down. For long term investment, they will accumulate bitcoin every day exactly with right moment right now keep investing when bitcoin in lower price. Not matter for long term investment, their timing always right because current bitcoin still in lower price give advantage for investing as much possible until bitcoin back up to higher price.

The price of Bitcoin now is much more higher compared when I started. I believe investors like me who enter on Bitcoinon early years will never be regretful or loss hope on the current price because it’s still too high compared before. I believe only those new users who purchased at top are the one who’s very prone on giving upsince they use the ATH as reference for a better price which in reality Bitcoin above 10K is still insane high.

Its important to know the difference between something that you shouldn't do but doesn't change a thing, versus something you shouldn't do and it does hurt you. For example in this situation if you are worried about it but not trading and still holding then that's good and you will profit, but if you are worried and selling because of it then you are going to be in trouble. This is why you should be able to focus on how you could react and not how you could think. What you think doesn't matter, you can think anyway you want, you can think that bitcoin is going to zero, as long as you do not react on it and can keep holding then it will not matter. Always care for the action and not the thought.

Monitoring prices is only a must for those who like to trade in the short term, because for those who like to invest in the long term, I don't think it is a necessity to continue to spend their time monitoring prices in the market. In addition, those who like to monitor prices are those who have bought before and set a high price with the profit level they want even though the price level they set is not certain to be reached in the near future. Unless there is a more significant price increase in the market.

And one more thing, those who only monitor prices without ever buying before, are those who will get nothing more than just being a very loyal market audience. So the necessity in terms of monitoring prices on the market also depends on what pattern someone is working on because not everyone does the same pattern so not everyone also has to monitor the market every day.

In every given journey to success, you surely will encounter distractions on the road, but when you know your destination point, you won't get distracted by the things which you will see along the way, Therefore whoever comes here without any proper plans, the investor will easily get distracted by the short the term fluctuations in the price of Bitcoin without taking a look at the bigger picture. #Hodl is the slogan.

If we are daily trading then monitoring price movements is a must, we can get a lot of profit if we continue to monitor prices, and profit is something that we must get, of course it is not easy to keep observing price movements, using simple things, for example after buying and then we sell by adding profit on spot exchanges is a very good thing.

I'm only speaking of my emotional reactions to Bitcoin's price movements. I have known Bitcoin for around 7 years already. When I was a newbie, I was easily affected by the changes in the price. I'd feel nervous whenever I check my portfolio. I sometimes panicked. I also felt being overjoyed by sudden spikes only to feel disappointed when the correction happens. Before I go to sleep, the prices of my coins were the only things in my head. When I wake up, it's my portfolio's value that I check first.

Now, everything seems very normal already. Nothing seems surprising anymore.

Even with idle money as long as the amount is considerably significant then you can’t remove the possibility of checking it too often because that’s still your money which you save through your salary or other source of profit. The only time you can rest assured to not bother checking your investments is when you put an amount of money that you can afford to lose or simply too small with regards your finance.

Having an investment plan is very hard to implement on crypto since you have full control to your investments which you will always be tempted to sell it whenever the price move significantly unlike typical investment plan that has maturity date before you can out your investment.

If bitcoin is the only investment you have and you are investing with money you can't lose then it's true that you can't take your eyes off it.  but if you are investing with idle money and have a long-term plan, you will almost never care about that, let alone never take your eyes off the chart.  like me, I have a busy job outside and don't even have much time to open my phone to look at the hourly chart. I can only check the market at the end of the day when my work is done.  whether it is a big or small investment, it depends on your investment plan.

Beginners might found the price of bitcoin challenging because they have no experience of the market before now, but for Beginners that have make research concerning bitcoin price in the past they won't be too panic because they are already aware that the fall and rise of bitcoin is just the nature of the market. The best thing to do right now is never to take the price serious because it won't remain the same foreve, this is the secret Beginners needs to understand.

  Bitcoin price has gone low more than this even before now and still came up again, even if the price falls it doesn't mean it will still remain permanent forever.  Investing in Bitcoin one just need to exercise patience to wait for when the market becomes profitable.

It seems you are the type of person who doesn't want to drag on in sadness for a long time so it's easier for you to forget something that happened in front of you, even though when you see it you immediately feel sad. And actually it's a very good attitude for someone because I've seen some people when they see something and it makes them sad, they can't immediately forget it in just a few minutes and can even be sad for days and then they can forget it.

A good opportunity will indeed pass if it is not taken immediately, because if everyone knows that the opportunity is the best option to take, it should never be too late or delay to take it immediately. Even though everyone's type and perspective is different, like in the example I said above where you are the type of person who doesn't want to drag on in sadness for too long. And even more look at other positive sides such as opportunities that really have to be used as soon as possible when the price is quite cheap.

New investors only see how Bitcoin is going up, but don't see how deep it is going down.
They might be surprised by this drop, but if they're used to it then it won't matter.

Bitcoin will recover, bear markets are always overtaken by bull markets in the end.
Selling Investments at low prices only gives you losses, don't indulge in panic, it's not good.
Must have diamond hands to be able to benefit as an investor.

24/7 charts are for day traders, not for long-term investors.
So from the beginning determine whether you want to be a fast trader or a long-term investor, because it will determine what strategy to apply.