If you’re extremely nervous about this drop, then you’re overexposed

[oktana]

This is so on point! You just earned yourself one merit from me for being credible and calculative. The price drop trigged a statement where someone said that Bitcoin was dropping to half it's price (I guess due to fear!). Most people become afraid/nervous only because they've invested too much. I'll say this again, invest an amount you can forget easily, that way, you won't be checking Bitcoin price every second  of the day.

[suzanne5223]

I personally don't see any reason why people need to be exceptionally nervous or worried about the market because of the recent dip which actually makes me happy because it just a sign that the previous surge in price is not a bull trap since the market holds steady to the $30K-33K price range. Besides, it just a preparation for the upcoming bull market.
But if it happen that someone was unable to sleep because of the dip it either hes overexposed or lack crypto wisdom.

[dansus021]

I personally don't see any reason why people need to be exceptionally nervous or worried about the market because of the recent dip which actually makes me happy because it just a sign that the previous surge in price is not a bull trap since the market holds steady to the $30K-33K price range. Besides, it just a preparation for the upcoming bull market.
But if it happen that someone was unable to sleep because of the dip it either hes overexposed or lack crypto wisdom.

Agreed this was price correction usually the price wil go higher after that just like 4 years ago after first bull run

btw altcoin still not touch their new ATH

[Vod]

A 22% drop in 24 hours, how can I not be nervous?

You missed the point, newbie.

OP is not querying on nervousness, OP is saying if you are nervous right now, pull out some of your investment.  The scam sites used to say "only invest coins you can afford to lose"; your attitude should be like that with any investment.

[maydna]

I think that is why we need to know how much money we need to use to invest in bitcoin. Perhaps, we need to control our emotion, especially if we see bitcoin price get drops too deep like what we see now. But it is wrong if we can't sleep well every night because of the drops of bitcoin price because we will not have a healthy body, and we can't see how to prevent the losing money in the investment. Just believe that bitcoin will increase again, and this moment will be another correction for the bitcoin price, so we don't think negative that can impact our health.

[Nikole Fischer]

Seriously if you can’t sleep at night because Bitcoin fell 20% then you have too much of your assets allocated to it. Bitcoin is volatile. It will swing a lot in both directions. You need to be able to handle the volatility. If you can’t handle the volatility then don’t put so much of your money into it. If you only put 20% of your money in Bitcoin and the price falls 20%, then that’s only a 4% drop in your net worth. If Bitcoin is 50%, then that’s a 10% drop. If you cannot handle these swings then to need to lower your exposure. You should not be up at night wondering how much money you may gain or lose the next day and how it will affect your financial situation. This mostly goes for losing money though as no one seems to think they’re over overexposed when they’re making money.

Well said! You've explained the problem very well!

Totally agree with you! Just look at the rise in bitcoin over time. There you can see that the price goes up and down constantly and it's OKAY! People just need to calm down and be more stress-resistant

[maxreish]

Maybe for those who are new in this kind of field where in prices of bitcoin drops heavily, they aren't used to the market's volatility.

I have been a long term holder and not even panicking with this drop, normally if we are going to panic and will sell it off because we are worried about the loss, then think again. There is always a choice of holding.

[mk4]

Probably this is the feeling of the new investors who didn't yet understand how investing in crypto works.  As a crypto investor, we should know from the start that there's a risk upon your investment.  The volatile market makes your Bitcoin amount value fluctuate but actually, your Bitcoin will remain the same, so nothing to worried about.  If you invested 1 Bitcoin it will remain 1 Bitcoin, if the value towards dollars has been decreased, you should wait further to see your profit.  Don't sell when the price is low, that is insane.

Getting nervous is normal, but don't panic and hold your Bitcoin until such then you will successfully get your profit.

Funnily enough, having control over your emotions ain't even just bitcoin/crypto-specific as a lot of people think; it's actually for investing in general, and it's been a really really common advice for decades.

Here's one famous quote from Benjamin Graham(author of The Intelligent Investor, Buffett's favorite investing book): "Individuals who cannot master their emotions are ill-suited to profit from the investment process.".

^and this dude died in 1976. This advice has been THAT old.

[AniviaBtc]

Some people are saying that it is normal for bitcoin's price to drop when market is bullish so you don't need to worry that much.

But you still need to observe its volatility in the market so that you will not have a hard time regretting your activities when bitcoin's price continuously goes down. That's a part of being an investor, you need to deal with risks in the market so that you can make your money grow or you will make this bitcoin investment profitable.

You don't need to overthink and you just need to relax so that you know what to do depending on the situation.

[btc_angela]

Maybe for those who are new in this kind of field where in prices of bitcoin drops heavily, they aren't used to the market's volatility.

It's a cycle really, those who are here in 2017 really see what a bear market is, they become smart and now call themselves as holder. And then we have the new set of breed investors, who haven't seen this dramatic drop panics and sell.

I have been a long term holder and not even panicking with this drop, normally if we are going to panic and will sell it off because we are worried about the loss, then think again. There is always a choice of holding.

Majority of us don't panic because we all know that bitcoin will bounce back time and time again. If people are somewhat nervous specially newbies, then this is the time for them to really stick with bitcoin and learn what volatility is.

[AicecreaME]

Not just overexposed but a lot of people who rides the bull are also lacking in knowledge about bitcoin, that's why they are shaking as well when the price is rocking down and up. Volatility in Bitcoin is normal, but newbies in cryptocurrency world seems to prior FOMO rather than studying what is Bitcoin and the Blockhain technology after they invested their money on it.

So the result is always the same over and over again. They always lose profits because of panic selling whenever the prices go down drastically because of a correction or a very short pullback.