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Author Topic: Mental barrier stops from buying BTC  (Read 3503 times)
karmamiu
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September 27, 2017, 04:25:21 AM
 #101

                           Precisely! One main thing you have to train is how to handle emotions and your mind, against worrying and overthinking. I had encountered this thing before, which prevents me from buying at dips, and still wait to dip further or think that its not good to buy because it was not yet done dropping, and then suddenly it rise back, and got left with regrets. Sad to say, but now I am practicing myself not to worry that much.
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September 28, 2017, 07:19:37 PM
 #102

The mental barriers are genetic. People don't understand Bitcoin. And things that you don't understand could seriously harm you. Humanity is very young, so we're still hardwired to run for our lives when there's something suspicious. Takes time to change.
Well the solution for this problem is google so instead of keeping yourself away from bitcoin it is good to solve your matte and to search about it , discuss with the people who has used bitcoin and they will give you some useful suggestions so it is good to have bitcoin either you know very little about it. First get into it ten try to increase your knowledge in bitcoin.
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September 28, 2017, 07:23:37 PM
 #103

You need to make your plan and decide your goals before buying Bitcoins. The bitcoin's price is volatile and no one could easily predict its coming price, it is going up or down fastly. So it is always better to decide which is your plan and your goals. Also you need to be patient, the price generally increase but sometimes it need just time.

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September 29, 2017, 12:07:39 AM
 #104

It's every time a good idea just invest some money in different periods of time, no matter what.. but in general what works for me... I believe it's better to believe your 6th sense  Cheesy
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September 29, 2017, 12:31:32 AM
 #105

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
I think everyone have that problem. But some have to courage to take risks. Of course you will hesistate on that maybe because of past experience like you've stated. Human have emotions so don't get confused. Decisions for that kind of situation needs more attention since an important thing is on the line, money. Admit it, almost everyone of us is concerned about money, so it is normal to have doubts and hesitation because we are looking for something worthy and good.

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September 29, 2017, 02:01:50 AM
 #106

I cant say there is such an exact timing to buy. I think when opportunity knocks you should always be prepared and grab it. It is given changes is always happening at all times. If your instinct told you to buy then follow it. Take risk eventually this business is all about it.

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September 29, 2017, 03:07:17 AM
 #107

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

i have the same experience with you. usually when I've got strong feeling about the price, I place an order buy or sell and I am make sure that I don't missed the time to buy or sell. sometimes its work but sometimes I missed. I think I need more practice in trading so in future, I hope I am not missed or at least I only missed a little bit.



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September 29, 2017, 03:14:46 AM
 #108

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

It is normal for all person but experienced on such level ignored this kind of mentality and bought bitcoinanytime they feel to.. For they just can't stop gamble around bitcoin and never really matter to them if there is a uncertainty in the surroundings that they even taking advantage to it.. I'm one as the same people as you but improving..

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September 29, 2017, 03:16:37 AM
 #109

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I just buy it without thinking anything.  Bitcoin market is still young, even if you bought it at 4k or 5k if you are here to hodl, you will earn a great profit from it.  There are lots of speculation that Bitcoin will reach $10k at the end of this year and $500k after 5 years, even if Bitcoin price goes 1/4 of $500k you still have a huge profit from it.

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September 29, 2017, 03:28:38 AM
 #110

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

I would suggest for you to study how the market cycle works so that you will understand why the price is going up or down. If you are trading, it is important for you to study fundamental and technical analysis so that you will not just depend on your "strong feeling" of whether to buy or sell something. You should have a target price at least if you wanted to buy lower and have an alternative plan if the market didn't go where you wanted it to be like if it goes up then you should at least know, where the possible next resistance would be and if it goes down where is the possible support so that you will not keep guessing with your strong feeling. You may have some mistakes at times but at least you know and understand how it works and later on develop a strategy you are most comfortable with to be profitable.


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pendekar cinta
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September 29, 2017, 03:54:51 AM
 #111

If I myself have bought the coin always try to sell it even though the income is sometimes low then it is futile if too long hoard it but the exchange rate does not go up That's the cause of my decision to continue to insist on selling it.

bitcoindusts
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September 29, 2017, 03:58:19 AM
 #112

If I myself have bought the coin always try to sell it even though the income is sometimes low then it is futile if too long hoard it but the exchange rate does not go up That's the cause of my decision to continue to insist on selling it.

Your approach is quite good but when you are caught with downtrend the moment you bought Bitcoin, then you have no other way but to wait.  And if you were caught by uptrend movement of coins when you sold your Bitcoin then there is no way that you can buy back.  Day trading is good but it really needs a lot of hardwork and monitoring.  It is best to just hodl your coins and wait till it multiply in value.
MMS2017
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September 29, 2017, 04:04:46 AM
 #113

For every decision there is involvement of your mind and mental abilities. If your answer is yes, you will start buying bitcoin. But if your answer is NO then you will have a lot of excuses to stop buying bitcoin. The most important thing is to take risk for high returns. Business Principle “high risk High Return’’. Every decision comes from your mind.

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nkarm1
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September 29, 2017, 04:49:01 AM
 #114

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

With the bitcoins current behavior right now, buying as long as you have funds is the best choice to do so. Your emotions and feelings could really left you hanged out because of sudden rise and dips. Rely on current price, not on the recent price and future one's that actually no one can predict. Hence the decision always depends to you so take the risk. If you are caught buying in a falling trend, there is no other choice but to wait and bitcoin as always never fails to recover again and again. Buy, Relax, HODL  Cheesy
zzSunZZ
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September 29, 2017, 05:02:54 AM
 #115

Bitcoin cannot be truly stopped without a global catastrophe that wipes out pretty much all electricity on the planet.
There are many things which could cause the value of Bitcoin to decrease; but it is nearly impossible for Bitcoin to be completely stopped.
In my opinion the way to hurt Bitcoin the most would be to buy an enormous amount and artificially sustain the price at ridiculous levels; get mining difficulty insanely high; and then unload your coins. If the market crashes enough miners will be unprofitable and shut down; causing blocks to not be processed.
However it would be possible in such an emergency scenario to hard-fork Bitcoin to lower the difficulty. So an attack like this would cost billions and there is no guarantee Bitcoin wouldn't just route around it.
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September 29, 2017, 05:21:17 AM
 #116

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

With the bitcoins current behavior right now, buying as long as you have funds is the best choice to do so. Your emotions and feelings could really left you hanged out because of sudden rise and dips. Rely on current price, not on the recent price and future one's that actually no one can predict. Hence the decision always depends to you so take the risk. If you are caught buying in a falling trend, there is no other choice but to wait and bitcoin as always never fails to recover again and again. Buy, Relax, HODL  Cheesy

There is nothing to fear, as you said, relax... If you did a wrong move, buying for a price that is more expensive than BTC price at this moment just wait, sooner or later BTC will rise again and you will see it very expensive, so you will have the chance to sell your coins for a price more expensive than you bought. On short term everything can happen, but on long term we know Bitcoin will keep rising.

There is some risk, it's true, but things are under control and while it's under control, just relax...  Cheesy

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September 29, 2017, 05:36:45 AM
 #117

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?

i have the same experience with you. usually when I've got strong feeling about the price, I place an order buy or sell and I am make sure that I don't missed the time to buy or sell. sometimes its work but sometimes I missed. I think I need more practice in trading so in future, I hope I am not missed or at least I only missed a little bit.
I think still people are a little causious about investment in bitcoin. although they are not going to sell their bitcoins that they are already have, i think it will still take a little more when the investors will get their confidence specially after banning bitcoin by the China, I think after 30 October investors will like to start investment in bitcoin and therefore, I think the present time is the best time for investment.
GeniusAko
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September 29, 2017, 06:05:56 AM
 #118

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
I think that you have a fear to invest your money to the cryptocurrency world. It seems that you don't want to lose your money in the cryptocurrency world. I prefer to you to have a faith and hope to the bitcoin and try to overcome your fear.
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September 29, 2017, 07:32:32 AM
 #119

Not so long ago we've all whitnessed bitcoin at price 2k usd per btc. Now it is 4k. Sometimes before buying BTC I have a strong feeling that the price will fall pretty soon and I hould wait a bit before buying. Usually it all ends bad. Anyone have the same problem? How are you dealing with it?
I think that you have a fear to invest your money to the cryptocurrency world. It seems that you don't want to lose your money in the cryptocurrency world. I prefer to you to have a faith and hope to the bitcoin and try to overcome your fear.

When you're still indoubt, do more research before entering until you made up your mind so that atleast your decided and you will not blame anyone at the end , anything that you're be doing will depends on your decision especially in where to put your money.

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September 30, 2017, 08:50:45 AM
 #120

As humans we are limited by the knowledge of what the future holds. We are not all-knowing. So, we will always foot drag whenever it comes to buying at the best opportunity because we would think it could dip more. There were times I had missed trades because I had thought it would dip more. Sadly, it never did. This defines all of us. I am sure there are some here who are regretting missing buying the dip two days ago occasioned by the erratic comment from JP Morgan boss.
If a person should know about his future that if he will invest in bitcoin and will secure high there will be no such mental barrier. So one should keep an eye on market and observe it the mental barrier will be broken automatically when he sees the profit rate and will invest in it as fast as possible.
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