Your feelings if Bitcoin price takes your expectations unaware - page 5.

Hamphser

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

This is where emotion handling would really be that relevant on which you would really be having that kind of impulsive feeling into that time on which seeing your holding decreasing on a fast manner in 50-75% or simply going back into your entry point. If you are really that a short term trader then you would really be having those considerations on selling out and securing profits considering that you've been able to buy
and accumulate low price but this should really be done on a fast manner considering on how many people like you would really be doing their best on selling out their coins
on which it would really be securing out profits in a short time but of course it cant really be avoided that you would really be thinking or having those questions in mind. What if the price would hit up $200k or 300k
on the next hour or days? These are the primary problems that you would really be able to encounter which it is really just that normal.

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

First of all, there is high tendency that the possibility of this happen is very big but since it's all speculation I can just take it as you said it and relate towards it. Well if this happens am pretty sure that everyone will have some kind of regret or anger for not utilitizing the amazing opportunity, well except for those hard core HODLers that literally don't thing about their Bitcoin investment at all even if it's the bull market Grin

, I know most of you might think that such persons don't exist but believe me they do and if I were the one that this happened to then for sure I will be kinda mad for skipping to watch the market and let the slide by.

Zanab247

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If it happen like that in the market, I will not feel bad because I know how BTC market work because if the market dump today it will surely pump again no matter how long it takes just to allow Long term hodlers to smile again. Do you know that some hodlers missed that $45k the price of BTC reach this month but they didn't feel bad because they know that the price will surely rise more than that before the end of next year and it will be double profits to them to enjoy.

You can only experience such feeling from newbies who don't know how bull run and bear run work in the cryptocurrency market, but if you can exercise patience with your hodling and have other sources of income to sustain yourself till the price pump higher before you can sell, you will not feel bad at the end.

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The first impression is that you are angry with yourself for failing to take advantage of a good opportunity to sell bitcoin, but the second impression is that this is stupidity that should not be told to anyone once you become a bitcoin holder. Why is it stupid, of course because you invest to get returns but you fail to take advantage of the best momentum to get bigger returns.

In investing, you may leave your assets untouched in the long term, but you should not ignore the opportunity to sell them when you know how the market works. Of course 3x to 4x is a good multiplier to take profit, but if you ignore it then perhaps you have a bigger plan that may not just be about returns.

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

If this happens to me, I will be stunned as if the world is not moving, tears will flow, and I may be angry and full of regret. Consider how much losing 10% of your money would pain you and how much it would impact others. Unfortunately, some people who cannot accept the circumstances commit suicide, which was true in 2021. So how much more if you're expected to be profitable multiple times of your investment but end up losing money? Nobody becomes happy, I'm sure. So the lesson here is that if you gained even a small amount and are unsure about the market structure, it is advisable to withdraw.

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It would not feel good at all if you woke up in the morning and found that the price of Bitcoin had risen several times what you expected overnight and then fell back in the morning without you being able to pick up sell orders at the high point.

This happened to me in some Shitcoins, not Bitcoin, where I woke up in the morning to see the indicator reaching very high prices and then falling again. Worse still is if I had placed an order to sell at a low price and it was executed and then the coin continued to rise.

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Quote from: Nrcewker on December 25, 2023, 07:54:26 AM

First of all, don’t expect much returns if you are planning to invest in Bitcoins for short term. Bitcoins are for long term investment, if you have some money to invest and you won’t touch that for many years, then it’s perfect to invest in Bitcoins. Moreover Bitcoins doesn’t suddenly go up so high in few hours. Nevertheless if we think that this might happen, then definitely I will be overwhelmed by the profits, and will try to sell the coins which will cover my basic requirements of luxury.

True, because if we check the price history of Bitcoin and the bull run market, making good profits off the Bitcoin investment is not easy in the short term, it takes months, or years.
For me, even we have few Bitcoin profits, as long it is profits and we already made profits, we must already appreciate it than investing it to some random altcoins and will make you losses.

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It has been an old yet wise advice to learn from history. If we learn from the history of Bitcoin, we should learn to hodl long-term. There are many stories of early Bitcoin adopters who were very happy selling their Bitcoin at prices that seemed very high and profitable but were actually very low from today's perspective.

Years ago, nobody would easily buy and plan to hodl until Bitcoin reaches $20,000, $30,000, $50,000, etc. That was an impossible target, so many ended up selling when Bitcoin was $1, $10, $100, $1,000, $10,000, etc. But Bitcoin even reached $69,000.

The lesson is that a new ATH or even $100,000 are actually very short-term targets. These prices would be like the $100 and $1,000 in the past. When we look back when the price of Bitcoin is already $300,000 or $500,000, we might regret selling at $70,000.

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If that happened, it would be scary. I don't think that will happen to BTC though but just for discussion's sake, okay. Having that rise and fall is like for the rug pulls only etc.

It would be depressing to see that 3x amount and then suddenly have below holding value. This is if my original goal is to just profit from what I have. Then if not, it would be okay for what happened.

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

how would you feel at it?

Given the high volatility of Bitcoin, i won't panic because I know that in the future Bitcoin will recover. Remember we have the 4 year cycle where the price of Bitcoin breaks its ATH and surge further. If you are around the market for some time, you will probably say the same.

The proof of the Bitcoin market capability to recover is its market price chart.

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That situation is happening at most times but not this time as the volatility of Bitcoin doesn't seem to go that way. But definitely, we'll get to see and experience that soon. It won't be a problem to me if I seen it moved that much and have to correct so quick because I've missed a lot of times like that but it won't break my patience while waiting for it to be back. If you're short term, you're mostly affected by it because you have missed it so another time should be allotted on it until you see it come again. But if you've been used to this movement of Bitcoin and price actions, will it still matter to you? I guess not.

JoyMarsha

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I think we have experienced such a price increase and decrease of bitcoin overnight but not in this exact figure you mentioned ''$65k-$165k''.
The price increase and decrease that took us by surprise was the rumored approval of bitcoin ETF by the SEC, which had bitcoin to increase tremendously overnight from $27k to $36k + within 24 hours. And it started to decrease when it was rumored that bitcoin ETF wasn't approved by the SEC.
The feeling then was that people felt disappointed about it and they began to use the same avenue of the rumored approval of bitcoin ETF to analyze how the market would look like on bitcoin price when it was learned that bitcoin ETF is finally approved by the SEC.

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

I smell panic in your explanations and that is totally unnecessary. Instead of beating about the bush as regard to buying Bitcoin, why not just apply the DCA method so you wouldn't be worried if you wake up and price has tripled. There is no way to control the price so your focus should be on buying as much as you can leveraging on your faith in Bitcoin. For those of us who are small fries, planning to buy and sell at profit within a short time can lead to mistakes and eventually losses or regrets.

We all know that Bitcoin is a very volatile asset but moving triple its value within a short time like you stated, is totally impossible. I don't want to imagine it because I don't see any feasibility in it. Bitcoin is not a low cap coin that few buys can double or triple the price. So there is no point nurturing this mirage.

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

Disappointed about the situation however holders can take it and are still able to keep calm.
The reason why most people miss the opportunity to sell their coins during its peak is because of their greediness, the nature of most human beings. Most of the time we think that THERE is MORE, and then fail.

Honestly, it happens to me during the first bull season (2017). I miss selling because of the circulated rumors that more pumps are coming, yet I just found out that it was already the ATH price when I saw the price decline. I'd realize how important to deal with our greediness and fight against it because this is a huge factor affecting our decision-making.

God bless u

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This will be a condition during which everyone will feel sad and will wish that they could reap the benefit at that time but I think in case of investment such regret will be forgettable when soon you see another pump. When such thing happens then a person for a while thinks about leaving crypto market but I think in a case of bitcoin one should not think emotionally because huge pump can occur anytime during Bull season therefore wait for another precious pump will be better.

It is crypto and in crypto market sometimes your selected coins touched the highest value overnight but we cannot take benefit all the time as at night we cannot keep constant eye on price movement and sometimes we become busy in other areas so we loss the better opportunities but it is not new thing and we should not be disappointed with such situations.

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Expecting short term gains of 50% on Bitcoin isn't something very realistic imho...
If anyone bought in the last month they bought at a local high so it's also very much likely that a retrace would be expected.
Anyone investing right now should be doing so with funds they won't need for a while imho. There's no guarantee that markets would keep doing that well. And with a potential retrace that could take a while too? It's a very risky bet to expect shirt term gains at the current levels in my opinion. If prices fall just a bit there's going to be resistance from anyone that just bought a short while ago, with the increased volumes and all..

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

Although this is just hypothetical since Bitcoin will not hit that kind of price target overnight but as long as I secure profit on my target price, I will be happy already and ignore the potential profit when I sell on the ATH price that I missed.

I’m really confused on your narrative whether the subject sold on his target price or never sold until the price dump hard? This kind of scenario always happened on crypto newbie, They always end up at loss even though they have the chance to take profit because they aim for more.

Taking profit prematurely is still good compared to taking loss.

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Quote from: EluguHcman on December 24, 2023, 07:54:28 PM

for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

Alright, this topic actually reminded me of one that was created by @Charles-Tim some months ago; you can read it here. The incident happened on August 8 on the Binance exchange. On that day, the opening price of Bitcoin was around $25k+ (in naira was around ₦25 million), but surprisingly, it spiked to ₦122, 886.640 (Which was about $122,889 too). @OP I believe this is the kind of assumption you are trying to make.

OP, Your assumption can only happen depending on whether an exchange has a glitch or maybe something just got abnormal with the exchange you are trading your Bitcoin on, but such an assumption will likely be impossible for the general market. I mean, it won't be possible for such an incident to become a general thing that all exchanges will encounter at the same time. The Bitcoin market is not centimenal, so there is no way something like that could have just happened in such a manner.

But like your question, if such a thing mistakenly happens, I will definitely do nothing; I can't rewind time, and I would only blame myself for taking a break at the moment that the incident took place.

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Honestly, @OP, it will cause disappointment because we can't sell at the next ATH price. Yes, that's disappointing. But we have tried our best and made a profit so we don't need to regret it too much.
You are still lucky to profit from selling the bitcoin and can start investing in bitcoin again when the price experiences a deep correction after reaching a bull run.
But bitcoin is not only for short- and medium-term investments but also for long-term investments. People can sell their bitcoins for the short or medium term but also for the long term.
And it depends on their investment plan. Some people have been buying Bitcoin since 2013, and until now, they are still holding most of their Bitcoin because they are waiting for the price to rise above $100k.

SmartGold01

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For bitcoin accumulation or investments selling for short term show how incompetent sure user is because even 5 to 10 years can still be considered as short term investment and for one to go through the accumulation process and sold very faster show the poor knowledge and short-sightedness towards the advancement of bitcoin. There are people who are investing into bitcoin for just profit maximization and such person always ends with regret because if they bought and sold with just little market increase have they thought of what the market could be in 5 to 10 years time or even for a decade?

People don't always care about the market but rather considering their profit because those who hold since from the on origin of creation has seen the benefits of holding bitcoin for long without even thinking of the short projection rather than looking to long term goal.

Topic: Your feelings if Bitcoin price takes your expectations unaware - page 5. (Read 854 times)