The fear of losing bitcoin... | Bitcointalksearch.org

ItsCrafty

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

It is a natural thing that wherever a person makes an investment, he does so because he will earn profit from it.If the value of the investment made by him is constantly falling, then he must be worried.Bitcoin is the most reliable and least harmful cryptocurrency in the currency market.People who have invested in Bitcoin get worried whenever the price of Bitcoin falls.

I myself have invested in Bitcoin and every time the price drops I feel like my capital will sink.Most newbies get upset when the price drops.People who have complete knowledge about Bitcoin and are experienced and have been investing in Bitcoin They don't worry about falling price of Bitcoin, they buy more as soon as the price falls.We should know that the entire crypto currency market is running because of Bitcoin.Then this fear will come out of our minds.

Inwestour

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Quote from: _BlackStar on May 08, 2023, 01:51:47 PM

I actually wonder how bitcoin investor can sleep well when they have 100 - 500 bitcoin in their wallet. Price volatility will make the value of their assets fluctuate all the time, and they have to consider that risk at all times. But maybe we won't get them moaning all over the place, while they can be quiet in their optimism about the potential worth returns with the risks they take.

Will those people accept the loss? of course not - but they're just being patient about the time because the chances are the bitcoin price will increase. We have two cycles in bitcoin ^{[bullish and bearish],} so they shouldn't panic when the price is in an unfavorable cycle. Patience, knowledge and experience will pay off in the long term, so don't panic even if the value of bitcoin in your portfolio is currently minus.

Investors who have 100 bitcoin in a bear market will not panic as they are already worth millions, and in a bull market this will all change to a much more positive side.

If we are talking about such large funds, then I’m not even sure that they will take profits in a bull market, because Bitcoin itself is a good protective tool against inflation and an excellent investment. And in the long run, I'm not sure if they will look for something more profitable. Unless some of the profits in a bull market would be worth diversifying into real estate, but this is everyone's business.

Nwada001

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Quote from: HajiBagi on May 10, 2023, 02:29:06 AM

Quote from: Nwada001 on May 03, 2023, 03:31:22 PM

The problem sometimes is not introducing someone to Bitcoin; it's all about who those people are and what you told them from the beginning of your introduction to them.

If you are the one who introduces them to Bitcoin, then you are really at greater risk of not having a peaceful life, especially if the price goes sideways. Someone who has already started disturbing your chat and calling you to ask you if Bitcoin will survive or not is a typical example of someone who doesn't believe in the currency and only invested their funds because someone asked them whether they were liable for taking a risk.

It can even be dangerous to introduce someone to bitcoin because most of the time they won't let you go when something bad happens. Some people can't take the risk of investing, but after learning about bitcoin and learning that when you invest you get a profit or after hearing that someone invested and became successful today, they will also want to get involved without fully understanding what they invested in or how they did it.
I don't know about certain individuals, but I don't mind implicating someone in any crypto-related actions; I'd rather explain how bitcoin works and highlight both its advantages and disadvantages than risk being held accountable in the end.

It's not a bad idea to teach someone about Bitcoin; you give them information about the currency and allow them to make their own choice about whether to invest or not. In this thread I helped my neighbor purchase Bitcoin. You will see how I explained to him and even almost talked him out of investing in the currency by telling him that the risk is very high, even more than the advantage, the security measures, and how the price of Bitcoin can turn against him after purchasing the currency today. He insisted and made a decision that he was ready to accept every risk involved and take full responsibility without holding anyone responsible if anything negative happened.

That's the best way to tell someone about Bitcoin, because you will completely save yourself from being held responsible for their loss. Anything other than that is a very big no for me; I won't guide you, and I wouldn't also advise you to invest in it.

HajiBagi

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Quote from: Nwada001 on May 03, 2023, 03:31:22 PM

The problem sometimes is not introducing someone to Bitcoin; it's all about who those people are and what you told them from the beginning of your introduction to them.

If you are the one who introduces them to Bitcoin, then you are really at greater risk of not having a peaceful life, especially if the price goes sideways. Someone who has already started disturbing your chat and calling you to ask you if Bitcoin will survive or not is a typical example of someone who doesn't believe in the currency and only invested their funds because someone asked them whether they were liable for taking a risk.

It can even be dangerous to introduce someone to bitcoin because most of the time they won't let you go when something bad happens. Some people can't take the risk of investing, but after learning about bitcoin and learning that when you invest you get a profit or after hearing that someone invested and became successful today, they will also want to get involved without fully understanding what they invested in or how they did it.
I don't know about certain individuals, but I don't mind implicating someone in any crypto-related actions; I'd rather explain how bitcoin works and highlight both its advantages and disadvantages than risk being held accountable in the end.

yudi09

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

Wrong socializing can cause panic to not go away, although some of the causes of panic are due to lack of knowledge, like investors or traders who better understand the rise and fall of market prices.
The reaction that arises from panic is restlessness and excessive feelings.

Beginners who experience events like your story can still be understood because not many stages have been passed.
Often we hear that investing and trading must be equipped with knowledge.
I'm sure you also experienced the same or this is just to illustrate your level of curiosity when you see the price of Bitcoin starting to fall instead of increasing.
Uninstall applications that provide Bitcoin price notifications or close all browsers that display bitcoin prices and focus on the target price you want.

asawale

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

People react base on their understanding. Bitcoin is one of the safest investment in the world inasmuch you can hold until the right time to sell.

Finestream

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

This only proves that not all who invest in bitcoin have understood well their investments, some just go with the hype and when the market turns into bad shape, then they will blame those people who have influenced them. If only they obtained knowledge first and understand that there are risk that they should learn prior to investing, then panicking will never happen especially for newbies who mostly have fears in losing bitcoin.

GeorgeJohn

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In Bitcoin investment or any other investment they most be a fear for investment before you can invest, so I believe that the fear is what makes some people not to investment serious and the fear also make some people to lose during investment, so therefore anyone who venturing into investment should have summon the courage to invest in any kind of investment without having any double thought or double mindset over Bitcoin investment or any investment

Kasabus

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Quote from: Die_empty on May 03, 2023, 03:59:04 PM

Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

It is normal for newbies to worry about the price of bitcoin. Most of them are fed by social media so they are filled with false news. This information leads to fear, uncertainty, and doubt, so you have to be prepared to tolerate their disturbance. The $30 that you feel is nothing might be someone's savings for many months, so they don't want to lose their investment which is why they are also scared.

It is very important to educate people about the Bitcoin sector before you introduce them to the sector. Don't introduce the sector to them as a because it is not. And they should be aware of the risk involved in bitcoin. After you are done with the teaching, don't force or persuade them to buy the coin, allow them to take the decision. Let them bear the responsibility for their investment.

People who came to invest and worry to lose, these are those who only invest for greed and just depend on other people for their own decisions. They don’t have the knowledge required before investing in bitcoin that’s why they easily panic and develop fears when bitcoin price is seen suddenly declining. Because if they actually know about bitcoin, they will never worry that much knowing bitcoin price will always surge every after drop.

Falconer

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Quote from: _BlackStar on May 08, 2023, 01:51:47 PM

I actually wonder how bitcoin investor can sleep well when they have 100 - 500 bitcoin in their wallet.

Experience can be the main factor why large investors are quite capable of psychological control over the volatility of bitcoin prices. Of course they can lose thousands of dollars on just a few percent decline at a time, but they can also make thousands as prices grow.

Moreover, the financial power of large investors is not only distributed in bitcoin. I think they have a lot of cash reserves in bank accounts and diversified assets in places. Bitcoin is not the only investment asset they have, so even if they lose hundreds of thousands of dollars a day, financially they won't have any problems.

nurilham

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Quote from: Alucard1 on May 08, 2023, 10:43:09 AM

This is the problem most of the time if the person who invested in bitcoin didn't even make any research before jumping into it. They will feel so worried about their money when starts going down and will keep asking those people they know that have good knowledge about it. This is the reason why I dont let someone know that i am investing in bitcoin. I will introduce them first to cryptocurrency before they invest or trade cryptocurrency because that is really risky.

Sure, people who just begin their investments in Bitcoin may feel afraid about losing their Bitcoin. But after they get a lot of experience, they must realize that Bitcoin investment is quite safe as long as they invest in a proper way. I don't say Bitcoin is a safe investment, but we can minimize the risk with a proper strategy. So, people may change their assumptions about Bitcoin and don't feel afraid anymore when they already have enough experience in Bitcoin investment/trading.

Anyway, feeling afraid is okay as long as it is not too much and it doesn't trigger someone to sell/buy hurriedly. Always do everything carefully and have good self-control.

_BlackStar

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I actually wonder how bitcoin investor can sleep well when they have 100 - 500 bitcoin in their wallet. Price volatility will make the value of their assets fluctuate all the time, and they have to consider that risk at all times. But maybe we won't get them moaning all over the place, while they can be quiet in their optimism about the potential worth returns with the risks they take.

Will those people accept the loss? of course not - but they're just being patient about the time because the chances are the bitcoin price will increase. We have two cycles in bitcoin ^{[bullish and bearish],} so they shouldn't panic when the price is in an unfavorable cycle. Patience, knowledge and experience will pay off in the long term, so don't panic even if the value of bitcoin in your portfolio is currently minus.

Viscore

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Quote from: decodx on May 03, 2023, 06:31:50 PM

I think people are mostly afraid or panic about things they don't understand enough. It's like when a new toy comes out and everyone wants to be the first one to get it, without considering whether they actually need it or not. They get caught up in the hype and excitement without fully understanding the risks. And let's be honest, some people just love to overreact and create unnecessary drama, especially when it comes to money.

I truly agree on this. Those who are mostly afraid and show panic from losing their investments are actually those who invest just for greed, without even knowing what’s the investment is all about and how it can work in the future. Because if they really understand that bitcoin is highly volatile, then they will never overreact when bitcoin price drops suddenly or surge high instantly, that’s how price fluctuations work. It’s still best to stay calm and patient especially when you invest in a very volatile and risky investment like bitcoin.

RockBell

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Quote from: Nwada001 on May 03, 2023, 03:31:22 PM

The problem sometimes is not introducing someone to Bitcoin; it's all about who those people are and what you told them from the beginning of your introduction to them.

A lot of people have misconceptions about Bitcoin, and I believe this is due to the way it was explained to them: by investing in Bitcoin, you can become wealthy. As a result, you see a lot of people telling you they want to invest in Bitcoin without understanding how it operates all they want is to make a huge profit.

Quote

If you are the one who introduces them to Bitcoin, then you are really at greater risk of not having a peaceful life, especially if the price goes sideways. Someone who has already started disturbing your chat and calling you to ask you if Bitcoin will survive or not is a typical example of someone who doesn't believe in the currency and only invested their funds because someone asked them whether they were liable for taking a risk.

Not everyone can actually handle it, so what I typically do is explain the risks associated with investing in Bitcoin and ask you to conduct your own research before you decide whether you really want to do so. This way, you will know that you were the one who made the decision. Once the price starts to fall, people start calling you and complaining that they are losing money. Therefore, I make it very obvious that you shouldn't hold it against me if the markets turn negative.

Alucard1

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This is the problem most of the time if the person who invested in bitcoin didn't even make any research before jumping into it. They will feel so worried about their money when starts going down and will keep asking those people they know that have good knowledge about it. This is the reason why I dont let someone know that i am investing in bitcoin. I will introduce them first to cryptocurrency before they invest or trade cryptocurrency because that is really risky.

MCUKing

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

Sounds true on some level, I have also witnessed many people talking about Bitcoin and making excuses for taking entry without proper preparations. People just fall into FOMO while entering the bitcoins and get easily trapped in the funds' whale manipulation all this is just because of misguiding and incomplete education about the market.

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

I have seen and witness people involving in bitcoin, most people can not stay a moment without panicking. A colleague of mine who have Minuit bitcoin has buggy me with chats and calls to update if bitcoin will survive this years, why can't people know what you're engaging into first before diving into it and start acting like a child. Different set of people are into this bitcoin, even people don't have investment are making noise of bitcoin price collapsing.

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

Everything related to money and finances will always bother people and the fear of losing is inevitable. This is a normal reaction of people, especially when money is not easy to come by and has a limited amount in the hands (purses) of investors. You should not condemn them, but you need to treat them with understanding.

Emotions in investments are superfluous. This makes it difficult to rationally assess situations. Panic, don't panic, anyway, it will not help to influence changes in the cryptomarket, no matter how much you like it. But they can push to the wrong actions. Therefore, calmness and only calmness.

If you want peace, then why mess with someone else's 30$ investment? You yourself got into this and now, on emotions, you complain to us. You are not much better than those whom you condemn.

AakZaki

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Quote from: Yamifoud on May 05, 2023, 05:32:45 PM

Fear is always been on us if don't have these things...
- understanding/market knowledge
- Trust
-mindset

I don't have to wonder why newbies (or even old-timers) will be caught in that situation because of the lack of those things above. In fact, this is what I feel before when I buy Bitcoin. Worries can't easily fade away unless, yes when you gain experience and of course, when your mindset is really positive as this will have a huge effect in making a decision which is probably turning into negative.

We've all been in a situation where we don't believe in crypto and don't believe in bitcoin when the price is always going down and crashing. Even though it is a cycle that will indeed happen. Knowledge is important in order to overcome the panic that hits for beginners. and the longer I am in crypto, I already understand what to do when the market is not good. You have to stay positive and take advantage of the market decline by making more purchases, not selling your Bitcoin holdings at a low price. Holders are the winners and, panic will only lead to losses

Distinctin

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Quote from: tabas on May 03, 2023, 03:19:29 PM

Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

why can't people know what you're engaging into first before diving into it and start acting like a child.

It's because of emotion and FOMO. That's why if you're going to ask that friend of yours, he probably bought bitcoin because he's seen it during the all time high. He didn't make enough research about it and went directly on the search engines and typed "how to buy bitcoin".
Other than that, he did actually a research of how to buy but not with the characteristics of bitcoin and its nature as a volatile asset. We will always have that type of person that will be worried asking if bitcoin's already dead or if there's still a chance for bitcoin to recover. We do get a lot of that everytime the market don't look good.

Mostly, people behave like that due to lack of education in their own investment. They tend to believe what others say than to trust their own ideas and decisions. If they keep on doing that, their emotions will burst out because they will also fear losing bitcoin just like how other newbies fear losing from their investments. Bitcoin investing isn’t like that, just learn to trust bitcoin because it will always have its own time when to be at its best price, that will make us all benefit from it.

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Quote from: Godlovesyou on May 03, 2023, 03:12:00 PM

<...>

But come to think of it many have bitcoin in B figures but you can't hear them making noise but people with $30 will not allow you to rest especially if you're responsible for introducing them. Bitcoin will rise when is due to rise, remove fear and plenty rumors.

There is a psychological explanation for that: people who have Bitcoin in B figures usually invest a smaller percentage of their total wealth than people who invests less, and although the loss would be bigger for them if Bitcoin collapsed in terms of money, it would be smaller in terms of perceived value.

Another explanation is that typical mortals don't introduce Bitcoin to billionaires so they won't blame on us Cheesy

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