How to curb anxiety in bitcoin hodlers

Hi buddies, have you ever thought of ways to allay anxiety in most bitcoin hodlers pertaining to the fall in the price? Let us share.

I see no reason for anxiety for the early adopters and they are all staying within the profitable bracket. The anxiety has probably engulfed the late 2017 adopters.

For them, this is an opportunity period to average out their buying price. But due to their past losses, a majority of them will not invest in bitcoin again. Because their past experience will hold them back. The best remedy for them is to increase their exposure into other less pricy and potential profitable coins. And Instead of talking HODL route dor those altcoins, they must book profits whenever possible. This way they can bring down the percentage of losses from crypto invest. I don't see any other escape route for them as of now.

Quote from: avikz on June 26, 2018, 10:16:28 PM

Early enthusiasts and adopters of Bitcoin have enjoyed great profits for investing in Bitcoi because they held it from the time bitcoin had less value. I believe Bitcoin won't continue down the this path forever. So one way to also help new investors of Bitcoin who invested when the price was more than $10k is to have patience and hold for about a year.

Quote from: Kapee on June 26, 2018, 10:09:39 PM

Hi buddies, have you ever thought of ways to allay anxiety in most bitcoin hodlers pertaining to the fall in the price? Let us share.

I think those who have bought bitcoin around 2017 has either dump half in December and made a lot of profits or just holding a few and continue to keep buying in dips. But for much earlier adopter, I don't think that they are affected by this dramatic fall in the price. Holding is more of a mental thing, yes its really though, I guess the best thing to do if you are really a good investors is to long at your investment for long term and I hope that you really invest what you can afford so that you are not that impacted when the price goes down.

Well, consider trading again or quit trading itself. By trading, if you won then you're out of the doubt you're having. If you didn't make it. Sadly another doubt.

Since I assumed to hold bitcoins for long term, I just need to forget about having any money in bitcoins. Even if the price is dropping, I don't care until I the long term I am keeeping it is up

if you are having anxiety because you have bitcoin it is possibly because of either one of these reasons:
1. you don't know what bitcoin is. you just heard about it and got excited to invest in the hopes of getting rich in a short time. you don't know what a decentralized censorship resistance currency means. learn more about bitcoin and you will have less anxiety.

2. you forgot about the first rule of investment and have invested more than you can afford to lose. it is not too late to remedy that. you can always sell a part of your investment so that you have less and you can afford to lose it.

As for me I respect good news for bitcoin. If I read something good about BTC or market generally I calm down.

I think the way to get rid of the anxiety to overcome the price reduction is that we must be aware that in the infestation there is a profit and also the loss is already a common thing.the infestation is long term and short term, let's just say it is all a long-term infestation in order we are not confused to overcome the price decline.
the most fortunate of people who just know bitcoin in 2018. all coins have a very deep price decline and this is their time to invest.

In my opinion, you just have to be determined to invest. If you're all about investing and not 'fast money' you won't be as worried. Wink

Just believe in bitcoin. It's improving very fast by comparison. I think it has a bright future ahead. Grin

The best way to control anxiety is to train yourself. If your self is not to try, you will become frightened and lost calm. When you lose your temper you will not be able to control yourself and you can accept Bitcoin for a low price

Whenever the price of Bitcoin or altcoin drops. I regularly spend time researching on ICO projects. Research on ICO projects will make me forget the fear of falling prices. You can try to apply this method of mine

I think there is no effective way to curb the anxiety of bitcoin holders. To become professional holders, you have to be patient. Only people with cold heads can become holders bitcoin. Some people do not have the patience and want to become the holders, and this is the reason why they fail

Quote from: dmcx on July 30, 2018, 11:36:37 AM

I think there is no effective way to curb the anxiety of bitcoin holders.

Yes there is. Experience one complete boom and bust cycle and then the next one will feel fine.

Once you've been through one the next one will feel like a breeze. Not only are you likely to still be in the black no matter what the price does, but to observe the exact same emotions, whines and mistakes as the last one will reassure you that the exact same will happen again in the future.

Knowledge is power, the best way of allaying anxiety from bitcoin hodlers is by sharing knowledge on the bitcoin market cap and volume. Also, making bitcoin hodlers to understand the volatile nature of bitcoin's price and why it is so. These can help allay some level of anxiety.

I think they should advise them to look back at Bitcoin's past, look back at the downgrade or look back at the anticipated bitcoin deaths, I think they will no longer be pessimistic.

Quote from: avikz on June 26, 2018, 10:16:28 PM

I see no reason for anxiety for the early adopters and they are all staying within the profitable bracket. The anxiety has probably engulfed the late 2017 adopters.

That is just the point. Being anxious does not change anything. The late 2017 adopters think it is a gold mine where you just come and dig out a portion at will. It is not like that.

Why would one want to halt a helping factor in which people could pick a lesson or two? Anxiety often forces people to learn things in order to prevent greater downfall, though at some point most people just give it up. However since investments involve money, it would somehow make the investor think of what other things could they do whilst the price is in a crash. It forces us to think rational and think smart. There's really not much we can do to alleviate that anxiety of theirs TBH, and why should we?

There is only one way to set your self free from bitcoin price anxiety. That is make sure you invest only what you can afford to lose. This is the only law to insulate yourself from the anxiety. This will even make it possible for you not to lose your money because you will forget about it when price will go against you.

Anxiety is all in the mind. It's based off of unrealistic expectations for something that you made as an illusion from your perception of its attributes. So if the thing isn't what you believed it to be, you start feeling uncomfortable, nervous, or even anxious. But since we cannot directly influence things outside of us to that degree, there's absolutely no reason to be worried about it.

Recognize the things that you can change in your life i.e. your immediate surroundings, and make them better. Then let go of the things you cannot change i.e. politics, markets, etc. and learn to follow them in a way that benefits you.