Bitcoin Forum

I am six months into my bitcoin journey and I long for mainstream adoption as much as anyone else.
It's just that I can't handle the current price rise!!
It's like a dagger through my heart everytime I check the current price. The reason is purely selfish, because I haven't got as many coins as I would like.
Just wondering if anyone else is going through this emotional rollercoaster ?

I have been for more than a year into Bitcoin, I have gotten used to it, specially lately because the price was really really stable compared to the old times. Of course, once we start seeing crazy rides it's going to get really exciting again. We will see a lot of people being depressed because they sell way too early and realize they made a mistake later on. So hold and control your emotions. Panic selling is always losing. Not selling at 1K is way better than being out of the game at 100K+.

Don't worry, it will go back down. Normal fluctuations.

God watches over children, drunkards, and fools. Clearly.

well i get excited and kinda feel regret at the same time. i regret not buying more coins when i had the opportunity and obviously i get happy because the prices are going up.

My heart sinks if I've just sold before the price goes up, if I'm still holding then I'm happy. I always regret not buying a load early on when they were really cheap but most of us probably feel that way. I'm involved this time so I'll be happy if it breaks the ATH again, I only regret not getting involved before the last ATH.

You shouldn't sell just hodl!!!

I began buying around 18 months ago so no - if the price rises my heart doesn't sink.
I started buying at around 600 USD so unfortunately I've only just about broken even (I've been buying all the way down trying to even out my investment).

I understand why you might be upset about the price going up if you haven't bought all the coins you want to. If you think about it though bitcoin could reach maybe even 100,000 USD per coin so you should still be buying now.

I'm fine with the price rising, despite the fact having just 0,32 BTC.

I think those who haven't bought yet didn't missed the boat, prices are still reasonably low (or, I THINK prices are on the low side). Though I can imagine if you 'operate' in the $220-300 range the current moment feels a bit late.

No, I don't have this feeling. I am OK with what I got, I won't say I am very happy since we are humans and we always want more. We are just greedy.

Also if this thing really makes it, even few bitcoins will be enough for anyone to make a small gain. Since I really believe that either this will be big or it will just dissappear.

Pick a dollar amount you can afford.  Pick a day of the week.  Buy that much once a week on the day you picked until you are comfortable with movement in any direction.  If you get to heavy and start to panic on drops, sell the dollar amount you chose once a week until you are again comfortable.

Everyone wants more, but you need to reach a level that's attainable and that you're comfortable with and put a halt to it there and then. Beyond that you're in danger of raping your future if it goes tits up.

Anyway the last couple of years have turned my heart into a blackened little walnut so nothing much happens to it these days.

Totally understand the feeling. Still have it even though I have an ok amount by now.

Still, I have a buying plan and every price rise before my wages get in make my plan more expensive, so yeah, kinda sucks if price rises this much, especially if it is a couple of days before my fiat gets in.

http://imagizer.imageshack.us/a/img911/3755/3RLhWY.gif

well, no ... bro.
volume of BUY is very unusual actually ...

I think it is not time to feel that way, price is pretty acceptable to join the party right now because we may never see these prices in couple of years. So let's buy to not regret.

Hahaha, nah, quite the opposite. I like to see it going up but I do not like these big time pumps cause usually, there is a dump after it.

Perhaps because you had the chance to buy at lower prices a while back, but you didn't buy as much as you hoped, and that's giving you a bad feeling. You shouldn't worry about that, the most important is that you have coins and see them rise in value. If you plan to hold for the long term, you can still buy coins right now.

it was unusual in the same, way with the grexit drama, exactly the same way

then we returned back to the first point

i don't want to be pessimistic here, but you guys are falling again on the same trap, we need new investors to increase the price, the users base need to grow exponentially...

My heart sink when I see the price rise, mainly because I want to buy more coins and become an early adopter.

You are lucky you only make money as it goes up.  What about people who were in at 600-800 etc they need the price to move tons more before breaking even.

Just keep working on gaining more coins, if it goes up then great!

If they bought double the amount they had bought at 600 when it was at 200, their average buy in price wouldve been 300 and they would have been almost there.

Not to mention that it is quite feasible, as it only wouldve cost them 2/3 of their previous purhase price.

A bit actually, mainly because I always feel like I should invest more when it goes up
However patience tells me to keep observing before making my final judgement call although greed is perfectly understandable when you see it going up nicely over a few weeks :).

Not anymore, as I learned to trade based on what the market situation is. Mixing emotions on your trade would only result to failed trades and wrong executions of your trades. You won't profit from those in the long run.

6 months isn't that long time.
I'm sure there are some people here who have been involved in bitcoin for few years and are wishing they have bought more when it was still trading at below $100.

Seriously though, hindsight is a wonderful thing.
It's easy to look at the chart now and beat yourself up for not buying bitcoin for $210 back in april.
It might go back below $200 by April next year, or it might be trading at $400 or more by then - nobody can be really sure.
And neither you could have been sure 6 months ago that bitcoin would be where it is nowadays.

So stop beating yourself up about it and focus on your next move.
Just remember to be patient.

The solution is to buy bitcoins and hold.  Never spend them.  Don't gamble on silly 'dice' sites.  If we all do that then the price will skyrocket. 

Well at some point I regret selking my coins immediately whenever I see the price is continuously rising  It's not selfish bro. Just buy the bitcoins you want to have or earn it then just hold, as everyone else would say. Then wait for the price to rise more.

Sometimes, it is good to trade. However, we are not big whales. We usually sell low and buy high.

My heart sinks when then price drops... Dont care for the price to raise, for I use bitcoin so dont want value of it to drop, at least stay the same. Like on purse you get a discount, so the heart sinks when value drops...

Yeah, and then we all sell it and hence what happens? The first to sell wins and the rest will loose. the key is to use bitcoin, to pay in bitcoin and to get paid in bitcoin...

If you want to have a healthy market, you need a mix of buyers and sellers, and people with different timeframes: some speculators, some long-term investors, some people doing the arbitrage between various currencies and exchanges.

There will also always be people with different views on where the fair price should be at the moment - that's what we need to.

That's how most financial markets work and it ensures that there is always someone to buy from you when you want to sell.

There will be no one will sell first. It is a continuous process for next 100 years. Even the one who buys bitcoin for the price some $10k also will get profit by selling or using it. Holding bitcoin is the key for price acceleration. Hold till supply of bitcoin goes lower than demand.

Thanks for all the replys guys.
It's interesting to get all your different views and opinions as I am yet to meet anyone who is into bitcoin.
From now on I am not going to worry about the price,  I am just going to invest a set amount each month whether the price be $10 or $10,000 and treat it as  my pension.
I think in the end I will be on top.

yip my heart goes up like 200.000 satoshis i have lol well im a newbie that all and never rased even one sinlge BTC this its my fun window and not even into signatures as you can see.

If you stick to your plan, you will be very rich in 20 years time. It is quite difficult to be so disciplined.

You need patience to become rich. Nothing comes instantly.

It does nothing to me, im too used at seeing my portfolio move. As another long term investor here, the only thing that would make my heart start beating really fast is if Bitcoin went 10K+, then that would be some life changing money, as of right now, it's a good extra savings, but nothing worth losing sleep for.

I just feel curious when i chechk the btc price as I'm a "small fish" in this.

Save some money and buy 1 bitcoin. Hold it for 20 years, you will be rewarded.

When i hold bitcoins I'm obviously happy for the price to rise.... It's a different story with buying bitcoins though.

why you should be happy anyway, because the price is increase and there is profit to be made, you should have said if the price don't rise immediately...

It is interesting that so many people here talk about buying bitcoin and holding it for next 5, 10, 20 years, as they expect the price will be much higher by then.

At the same time, I am guessing most of them would say that bitcoin is a currency rather than an asset.
Yet the thinking seems to be to treat it more like an asset (like gold), then a currency.
It's not often we hear people saying they are going to buy US dollar, or Indian Rupee of Chinese Yuan and hold it for next 10 years, because they think its value will appreciate.

AHEM.. 10 Year $US Government Bonds are what now exactly??

Government bonds are certainly an asset class.

The interest on government bonds issued by the countries with the top rating is actually quite low these days (in some cases even negative) and I think people invest in these bonds for security they offer, rather than for the profit opportunities.

Point taken!

Bonds not equal to currencies.