How do you stomach the dips?

[Pattart]

Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.

actually this method is similar to martingel in gambling, when you lose you buy again and again, but you need a lot of capital and
proper money management for this method, and of course your patience should high, then this method might work..

[aervin11]

How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?

As of the moment, bitcoin is trading @ $4290 and it was far far lower that of march and I could say, Im a hodler. Just don't watch the marketcap everyday when hodl so it's less painful when it dips.

Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.

then this method might work..

I think it did work and is one of the proven theories now 
And you're right, you just need the right money management and a lot of it.

[nasipadang]

How do you deal with 20% plus drops. Do you try to sell at the top and buy back in? are you a hold on for dear lifer?

For me 20% is still fairly small and if the market tends to decline better I choose to sell rather than hold, my decision also depends on the analysis that I made for future market movements. advice if your loss covers more than 35%, it would be better to hold on to whatever the market conditions are, remember crypto fluctuations and hope cryptocurrency will go to the moon.

[iamverybusyperson]

I lost so much money on this i don't even care

[Xising]

Generally I hold because it's so difficult to see when the dips are going to come and once you've missed them it's risky to sell in the hope they'll continue to dip.

As for how to stomach it - it gets easier every time, I find solace in a few bottles of beer and some good music. Everyone probably has their own way, I watch the price a lot less when things are on a downturn than an upturn so that I can have some mental peace for a while.

Hopefully one day (if not now) you'll be in a position where even after a large 20% or more dip you'll still be in a profit and that's always a nice thing to fall back on.

That's true. I mean, there isn't any other you can do during those times but to hold. That way, whatever happens with the market and also with the tokens or coins in your hands, you won't be affected that much because you are in the move of just waiting things out. So, whether it dips, you won't be affected as you are not transacting or anything. What you can do is to only hope that such dip will subside and the coin you have invested in will soon recuperate and rise up in value.

[biletskiy]

Instead of looking at those dips negatively, look at it on a positive way. I remember reading somewhere that if see the price of Bitcoin dropped, buy more, if you the price of Bitcoin dropped some more, then buy more. Look at what happened last Monday and Tuesday, price of BTC dropped 16% but recovers after 48 hours. Think positive and don't panic.

It is very difficult to stay calm when you see how fast your cryptocurrencies go down. However, I can cope with my emotions. Simply think about the time when the market will go up.

[Rooster101]

If you invested in bitcoin during its all-time high, the present price will really hard to stomach and hodling it seems not acceptable anymore. Until now there is no sign that bitcoin will recover again and many are unsure if bitcoin is capable to another all-time high next year. It might be a long hodl if you wait for another bullrun because of continuing uncerttainty in the cryotocurrency market but if you still believe that the prices will eventually go up again, then keep on hodling.

[Vt100]

I always had to get out during the dips. Otherwise I wouldn't. I’ve also never invested too much. The answer will be generally different for everyone.