Does your heart sink when the price rises?

[NorrisK]

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 ?

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.

[1715687346]

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[Swordsoffreedom]

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 ?

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 .

[dothebeats]

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 ?

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.

[bitmarket.net]

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.

[Cluster2k]

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. 

[jacee]

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.

[Lover of Coin]

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. 

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

[BiteMyShinyMetalAss]

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...

[BiteMyShinyMetalAss]

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. 

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...

[bitmarket.net]

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. 

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.

[Kevin77]

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. 

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...

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.

[Bitplumber]

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.

[anthonycamp]

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.

[Lover of Coin]

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.

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

[richardsNY]

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.

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.

[pereira4]

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.

[xxxsssrxxx]

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

[Lover of Coin]

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.

[Dorrittulx]

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

[Amph]

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...