Topic: Your feelings if Bitcoin price takes your expectations unaware - page 6. (Read 860 times)

Bitcoin is long term for investing planning and not recommended with short term investment kinds, but some people not supported yet with their healthy financial and must take opportunity keep efficiency as short term trading in bitcoin and make them loss opportunity with huge amount profitable as trader or holder have long term investing in bitcoin.
Bitcoin raise up need time and not instant drastically and short term bitcoin investor just earn few percent of bitcoin raise up and different with long term investing will earn huge profit from bitcoin with potential up more tens of percent.

Prepare with your investment kinds in bitcoin, want to earn large profitable in the future have to be long term holding but if consistency profitable earn in daily day take your short term trading in bitcoin.

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.

I am sure, no one could escape from such a scenario; probably those long term holders are simply delaying that disappointments in my opinion. In 2013, I have seen people were sharing like, "bought bitcoin for $300 and sold for $720, what else needed", Imagine their feeling when bitcoin was testing $65k levels in 2021. Basically no one could catch the exact ATH price at any given time frame.

Then, what we could do to avoid similar disappointments?

1. Always plan for long term holding. Planning beyond your life time is somehow meaningless unless your plans include inheriting your assets to your descendants.

2. With bitcoin you may multiply your capital 10x or 100x or 1000x. So, plan up for big returns according to your age and needs and get satisfied with that. (In stocks market, 10x still being considered as biggest achievement).

3. One practical approach could be, always having some % of networth in bitcoin until bitcoin stabilize in terms of value. We need to educate our next generations about this, so that they also will follow and will not miss out the opportunities of bitcoin investments.

None.

I don't know if I'm emotionless already when it comes to markets, but seeing Bitcoin going up that high in just a span of a few minutes will not make me feel regretful, disappointed, or whatever. After all, I don't know that it will happen. What's regretful is when you know already that it will come, but you didn't take any action to maximize that thing.

But realistically speaking, this will never happen. I'm not a trader, so I don't know if this type of scenario is happening, but AFAIK, I don't know if this is happening in real time.

There are people who places order in their exchange maybe let me just call those who are trading daily including me I does that as well, sometimes if I closes my trading for day or night as the case may be i will place my bitcoin in a market price x3 than the original price maybe if there is a sudden increase then it has to triggered, by then i have taken profits while the market goes back the previous stage. Then secondly I will place a buy order 50 percent below the current price maybe if bitcoin prices drops lower than the current price then it will all triggers as well, this depends on individual on what they wanted or how they wanted to play with their asset.
But naturally it's good to apply a DCA techniques at this point you won't be left out, you keep accumulating some certain amount of bitcoin till you gets to your desired holdings amount.

Hahaha...say no more. Those who would have any hurt feelings about this are still not good traders or investors. Anything that happens in the market, let it go. During my course of trading and investing, I have witnessed so much luck and disappointments in the market, so nothing pinched me again. In fact, I still consider the investment in cryptocurrency to be the easiest anyone can pursue as you cannot lose significantly like that, and those who lose if they could be patient, will gain back their money when Bitcoin rises again. But in those days, can you imagine opening a trade with $2,500 in your account, and suddenly, you see about $7,000 in that account, but due to overconfidence, or should I call it greed, you left it, and by the time you checked your account again, you met $-69? Yes, a negative balance.

I have witnessed similar situations more than 100 times, so nothing affects me when it comes to trading and investment anymore. But it will surely hurt a lot of people since we feel as human beings. I can only encourage traders/investors that, if they are not in losses, they should always be happy and put their shit together instead of feeling too bad for losing back some profits. Losing part of your gains should mean nothing much, it is just a means for you to be more proactive next time. Just get to know the mistakes you made that caused such carelessness, and who knows, it might just be a mere volatile market condition. In this case, traders cannot blame themselves, they can't be perfect in their decisions, what if they didn't claim the profit and the market moved even further to $200k to gain more? The fact that it was in the negative this time doesn't mean that having the brave mind to wait patiently will still not pay off someday. There is no perfect approach to liquidation of positions. We just try our luck especially when the market is very volatile.

If that's the case, you'll definitely be a bit disappointed, especially when opening a position as a Bitcoin investor with short-term goals in general, but OP, it's good to remember the big opportunity ahead and that will calm us down psychologically, especially if you've already set a long-term goal, why should you be busy with investments that are of a nature? Meanwhile, it's just a temporary bubble and will return to normal again.

I think the Dump will not be as severe and low as it was some time ago even if the BTC crash does not reach below $16,500 again and remember price changes are a normal part of the volatile crypto market and if OP has more funds if that moment comes a temporary decline wait for the price to fall, then buy again. Of course, if the price is not as perfect as you would expect it to be exactly the same as when the price of BTC was at $16,500 ago and one more BTC Halving is just 107D.

If you use that system, OP, you haven't understood anything.

Bitcoin investing is not a matter of sentiment, and to buy Bitcoin purely for profit by trying to time the market is generally a mistake.

It is much better a gradual accumulation plan with DCA in which you raise partial sales when the price reaches milestones, as it can be at $70K, at $100K, at $150K...

And it is even better to include it in a wealth building plan, because if you sell all the Bitcoin you have when the price reaches a certain figure something tells me that you are playing with money that you need and then you are not doing things right.

Obviously, you'd feel regret and even anger for letting yourself not sell while you saw it that time. The essence of holding is so you can sell at a very good price when all these factors like bull run and other come into play then imagine they do as you've explained and you didn't cash out, you'd feel the universe is against you. Well, for some, there will be the tendency to wait to see if such will happen again; maybe a second chance of sorts while for some it might totally discourage them to keep hodling because at that time, volatility will become glaringly clear and they might begin to regard holding as waste of time.
 Bitcoin is like gambling; the moment you see an avenue to cash out,do not hesitate because sometimes delay can be dangerous.

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?