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Author Topic: A BITCOIN SPECULATOR COULD GET HIMSELF HYPERTENSION  (Read 58 times)
Betty10
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July 24, 2018, 04:37:47 PM
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So, a friend of mine has been holding bitcoin, yesterday bitcoin reached $7,700 and it climbed to $8,200 today and been fluctuating around $8,163 to $8,200 so my friend has loss his rest over either to sell or hold. It is difficult for me to advise him, I want him to be responsible for his actions. Currently he is been shouting and looking confused about the price movement. Now I understand speculators could loss their sleep and even rest.

I want to hear from you, what advise would you  have given my friend if you were in my shoe?
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July 24, 2018, 04:51:29 PM
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Those people are what you call emotional investors. That is why the best thing to do is invest only an amount that you can always afford to lose. Fluctuations is just normal when it comes to crypto values because of its volatility. Sometimes our emotion will cloud our judgement when it comes to investments, so the best thing to do research more about the technology so that you'll gain trust and security of your money.

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MVT_Freedom
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July 24, 2018, 04:56:54 PM
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Ask him why he went into bitcoin, for the money or for the tech?
What was his intial plan for his investment into bitcoin, short or long term?
If he was in it for the tech and for long term, then he has no reason to look at the current price.
audaciousbeing
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July 24, 2018, 05:18:43 PM
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So, a friend of mine has been holding bitcoin, yesterday bitcoin reached $7,700 and it climbed to $8,200 today and been fluctuating around $8,163 to $8,200 so my friend has loss his rest over either to sell or hold. It is difficult for me to advise him, I want him to be responsible for his actions. Currently he is been shouting and looking confused about the price movement. Now I understand speculators could loss their sleep and even rest.

I want to hear from you, what advise would you  have given my friend if you were in my shoe?

For your friend to be restless because of about $500 movement over night shows he is not yet mature to understand the dynamics of the market. What would he do if he had held during the all time high of 2017 when price was just increasing at a geometric rate that I for one had to go check series of website before I was sure that my phone was not infected to have witnessed such sporadic increase.

Speculators don't necessarily have hypertension because what they say is just prediction and they themselves don't rely on it. Just like predicting the outcome of a football match, sometimes you lose sometimes you win. No emotions attached. The beginning of problem is getting attached with price which anyone ready to go far in crypto needs to get rid of.
Coinworld98
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July 24, 2018, 05:22:08 PM
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The topic is funny though. But it is something that can actually happen. If you put your mind so much in need, you may have an unnecessary high blood pressure.
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July 24, 2018, 05:27:53 PM
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In this crypto world he has to set a price suitable for him to sell and not people to tell him what to do.

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July 24, 2018, 05:30:57 PM
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Investments should be held long-term, whether it's stocks, bonds, real estate, or cryptocurrency...you don't time the market on the short-term you ride it out and go long.

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July 24, 2018, 05:31:07 PM
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Why do people even invest when they can't hold for more than a week it's just beyond me. If your friend gets upset by few hundred dollars worth of fluctuations what would happen to him if he bought it at 20k and watched it drop to 5k? He would probably die or something. People are predicting the rise of BTC to 100k and your friend is thinking about selling after such small increase in value..
Just tell him to sell everything and go buy some flowers or something, this ain't for everybody.
Betty10
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July 24, 2018, 07:55:35 PM
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Ask him why he went into bitcoin, for the money or for the tech?
What was his intial plan for his investment into bitcoin, short or long term?
If he was in it for the tech and for long term, then he has no reason to look at the current price.

He surely went him for money and not tech. I do feel for him because he has allowed his emotion to overcome him even though he is a physically strong man but he bows to Crypto.
mgoz
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July 24, 2018, 08:14:30 PM
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Tell him he can send to this address and then he can be worry free: 3KyU7pmVWDQfowmK1WXewkh8WqKD7oVaet
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July 24, 2018, 08:15:41 PM
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Personally when I first invested was the same and occasionally experienced changes in my emotions but after a few months all of the price movements are being normal to me even if I am in 80% loss. So I guess the time is the cure.
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July 24, 2018, 08:56:49 PM
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Why should a bitcoin speculator have it difficult in deciding what to do with his next line of action. If one has a concrete objective at onset of investing I don't think the way forward shouldn't be headache or cause you any trouble.

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TopDev
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July 25, 2018, 05:19:56 PM
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Tell him he can send to this address and then he can be worry free: 3KyU7pmVWDQfowmK1WXewkh8WqKD7oVaet

LOL
Yeah that should make someone happy.  Grin
Nobody said that getting rid of hypertension and problems is free. You gotta pay something.
rybaplmcteam
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July 25, 2018, 05:31:07 PM
 #14

Be patient, the best time is coming!
Gaurav11kb
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July 25, 2018, 05:39:24 PM
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If he is here for short term and he should have bought low cap coins which can give you high return or can eat your initial investment too. But he has bought Bitcoins, so he should be patient. If he wants short term gain from BTC then he should set targets to sell before buying. Emotional decision in trading will cause only loss.
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