Are You Easily Discouraged with Dips?

[audrey12]

Before I would say yes, I am one of those who got panic whenever I see a sudden price drop in bitcoin and almost sell whatever coins I have for I was afraid I'll be losing so much if I keep on holding them in a long run. But when I realize what bitcoin cycle is all about a sudden pump or dump does not worry me anymore and I take every drop as an opportunity to invest and wait till the value of bitcoin finally recover again, I no longer get panic and only trust in bitcoin.

[Desperaboss]

No. But there was defenetly an outbreak of hysteria in the last days, wasn´t it? 
High volatility is quite normal for crypto currencies so don´t panik. Instead people should use the chance to buy cheap.

[AngelJoshua]

People who have been with Bitcoin for years already understood how the coin may behave in certain circumstances and so they are never shocked nor surprised to find Bitcoin going down in value which we called as dips or as some negative people would call it: crashes! Had the same thing happening in stocks or forex, indeed it could be so alarming if the retreat can be as low as 20% or 30% but this is just normal in Bitcoin. Afterwards, there would be a sudden recovery and things would be normal again. Volatility is  two-edged sword in Bitcoin and while some may find it a big turn-off many are welcoming it as an opportunity to make some money in trading.

Newbies in cryptocurrency should never discouraged seeing Bitcoin going down abruptly as it would surely be back into the action within days. Why is this so? It is because there are people who are just waiting for a dip for them to get into the Bitcoin bandwagon. A dip is indeed an opportunity to buy cheap. When more are buying then the coin will be pushing upwards again.

Now, if you are easily discourage when there is a dip...take a deep breathe, just relax, smile and then wait. Bitcoin is here to stay and we might as well enjoy its journey.

Not really but today i discouraged a little bit  when it was exactly  got dip a little on the time that i really need to withdraw some of it  but even i losts some i know i will still can get it ^_^

[Catch-22]

We were all excited with the recent rise of bitcoin but we also know that somehow if will go down eventually.  And if you are trading bitcoin long enough, the rise and fall of bitcoin will not discourage you.  If the price is low, you will see it as an opportunity to buy more bitcoin.

[bitkanu]

Not really but today i discouraged a little bit  when it was exactly  got dip a little on the time that i really need to withdraw some of it  but even i losts some i know i will still can get it ^_^

By seeing the current condition of the market which happen to be really volatile and price always changing within 0-8% range  of the current price. you need to have a little more patience if you want
to withdraw some of your money, you need to take advantage of this dips and even get profit from it, so many people doing this while the other struggling to wait until the price go up again.

[camaund]

I would really suggest everyone to read Tony Robbins' book: Unshakable, Your financial Freedom. It helps you on how to deal with a bear market and how to take advantage of it.

Another tip for holders (not as important for day traders): Do not look at BTC and alts prices everyday, just check every week. If you see how prices changed from a week ago everything is green. People tend to freak out with ups and downs, but at the end everything keeps going up. There could be (and most likely will be) bigger corrections. However, if you believe in BTC and/or alts you are buying you know they will go up over time.

[worle1bm]

People who have been with Bitcoin for years already understood how the coin may behave in certain circumstances and so they are never shocked nor surprised to find Bitcoin going down in value which we called as dips or as some negative people would call it: crashes! Had the same thing happening in stocks or forex, indeed it could be so alarming if the retreat can be as low as 20% or 30% but this is just normal in Bitcoin. Afterwards, there would be a sudden recovery and things would be normal again. Volatility is  two-edged sword in Bitcoin and while some may find it a big turn-off many are welcoming it as an opportunity to make some money in trading.

Newbies in cryptocurrency should never discouraged seeing Bitcoin going down abruptly as it would surely be back into the action within days. Why is this so? It is because there are people who are just waiting for a dip for them to get into the Bitcoin bandwagon. A dip is indeed an opportunity to buy cheap. When more are buying then the coin will be pushing upwards again.

Now, if you are easily discourage when there is a dip...take a deep breathe, just relax, smile and then wait. Bitcoin is here to stay and we might as well enjoy its journey.

No talking seriously I don't get discouraged with a dip because this crypto market always need a correction to fix some matters and early traders who keep a sharp eye on bitcoin growth know that after every dip in btc prices its rise with a greater pump and there is a surge in prices all over globally.Moreover I take this as an opportunity and buy according to my budget at low prices and then sell at higher because I know it would rise to more extent and profits are in pocket.But investors might not be happy as they see it as a loss for their business but traders love it.

[HasHe]

I have been in this bitcoin community for the past two years.I have seen lots of dips and immediate recovery of bitcoin reaching new heights.But newbies lack that knowledge and so they get panic.Adding fuel to the fire,big whales spread FUD forcing newbies to sell their bitcoins at very cheap rate thus making them weak hands.

China's market situations had been used by FUD spreaders many times before as it seemed logic and worked for them.But it is no more.So,they may try other news to spread FUD.

We could say it easily but,newbies would definitely panic first on seeing their hard earned money going down.It would be only experience which would teach them a lesson.But how much they lose to learn that lesson makes the difference.

[Ultegra134]

Just a tad bit to be honest, seeing Bitcoin drop from $11.000 to $9000's while your transaction hasn't confirmed yet was discouraging. However, the majority of the time it occurs, the price recovers the few next days or weeks, thus, I don't really mind dips anymore, patience is the key here.

[scottykarate]

I don't care because I am hodling. Don't care for all of the Elmer (FUDs) that use every dip to say BTC is doomed, BCH is the king of crypto or will be.

[Kingofbitcoin12345]

That solely depend on any reason how does a dip happen.. I’m above average guy when it comes to emotionally affected by this kind of decreases.. I’m a little bit new as a member of the bitcoin community but I’ve already experienced a lot,, as most dramatic things happen this year.. I always take a break if the dip is too much to handle and I do stop monitoring cryptocurrency prices for me not to panic..

[maxxdxx]

Not at all. Buy the dip... always. Just put money in when you have the chance if you intend to hold it long term.

[fulmetal08larz]

I am easily discouraged to sell with dips but easily encouraged to buy and accumulate more instead. These dips will always happen and it is best to take the opportunity to buy at a discounted price. I will always stick to my goal before I take profit and my emotions will never get affected in investments. Buy low, Sell High.

[yamortsac]

No, i'm not easily get discourage with dips of bitcoin price because I know it is just temporary and it will be back again and even get higher than the price before its drop. It is best time to buy more bitcoin during the dips of bitcoin price.

[heroic25]

no I dont discouraged with dips bcoz I hv seen many ups and downs in bitcoin price and I only have some satoshi so there is not much risk involved to be discouraged

[paolo099]

well, sometime when i check the BTC price, especially in the last couple of days i'm like "wtf is happening! panic! panic! panic!" but i think it's understandable then i get my crap back and blame myself for not being able to invest more while the price is still "low".
I have not much invested at the moment but you know, every money you put in this crypto world are hard earned money that you can't use for your everyday use and losing them it's a bad situation.

[CryptoBry]

Before I would say yes, I am one of those who got panic whenever I see a sudden price drop in bitcoin and almost sell whatever coins I have for I was afraid I'll be losing so much if I keep on holding them in a long run. But when I realize what bitcoin cycle is all about a sudden pump or dump does not worry me anymore and I take every drop as an opportunity to invest and wait till the value of bitcoin finally recover again, I no longer get panic and only trust in bitcoin.

All of us in the Bitcoin community had started as newbies too and am sure many of us here experienced the same emotional roller coaster watching Bitcoin go up and go down. The most important thing is that we are learning our lessons to control what we feel when dealing with cryptocurrency. Bitcoin has just actually started to go mainstream and the journey has just began. The future belong to Bitcoin and Bitcoin is the future we can experience today!

[bribed]

Not at all. I love dips. Its nothing but a buying opportunity to me. Actually I am not waiting for a dip as we have seen it yesterday, I am waiting for a huge correction, maybe to 7,000 or even lower. Lets wait if we will face this in the coming weeks.

[Siopao]

It can be discouraging for those who are just beginning i n bitcoin industry. Bitcoin price dip is a good opportunity to investors to buy btc in a low price.  After a dip btc will surely be back in its track and the price will go up again. That's the thing that we have to get used to in this industry.

[tr3yson]

Of course not, in fact, I'm glad or shall I say mostly were glad when dips happen. This is just normal and we're used to it, we've been waiting for this dip after Bitcoin surge up quickly last days. This serves as the best time to buy again while it is in a low price because one thing is for sure, it will and always soar high again after a little break at some certain price range.