Bitcoin: Stress and Happiness

[Edraket31]

Although bitcoin has been around for awhile, it is still a new venture for most of us. The simple trick or rule is to try and limit your expectations when you buy and hodl bitcoin to expect profit within a short period of time. Some loses are definitely inevitable but one should try and develop strategies to reduce loses that comes with buying bitcoin.

Exactly, those who are expecting too much and greedy are easy to disappoint, so we should not expect too much as crypto has been very volatile, don't stress out yourself when you are seeing downtrend in price, it is normal in every aspect that a currency also have a downtrend even stock market. Let's just take those upside down as an opportunity to buy and sell.

[karanggatak]

if you are real crypto player, you should not shocked when the price under rate, except you are new comer. for expert, they know when to sell or buy coin, its not exact and always gain profit, but they know how to keep their mind, so when the price under rate they feel and think to search the other place to gain profit

[xiboothrezi]

--snip--

How do you manage any possible stress coming from Bitcoin's volatility?

My principle, do not overload the mind. We already know that bitcoin is very volatile, so if we are too ambitious on the target and have to make a profit, it actually makes it more stressful and of course, affects our analysis and mentality. Bitcoin, whether used as an investment tool or commodity trading, should be able to be a means that makes us calm in using it.
Remember: invest, not speculate.
Do the best analysis -> take a decision -> then let it run as it is, if your analysis is right then profit, if not then vice versa, whatever the results are, accept it gracefully.

[lienfaye]

How do you manage any possible stress coming from Bitcoin's volatility?

Seeing the roller coaster ride of bitcoin's price is really stressful but it depends on how you deal with it.

If the market is in bearish trend I dont monitor the price often to prevent myself of thinking negative thoughts (though im aware of what to expect in crypto investment).

When you enter in any investment dont expect too much and prepare yourself for the worse situation, in that way you're ready whatever the outcome is.

[maydna]

How do you manage any possible stress coming from Bitcoin's volatility?

That happens to me in the beginning I trade. At that time, I cannot understand how to trade with right and only depends on what I see. I feel stress because after I trade for more than 5 times, I cannot make a profit, but I only lose some money. But after I tried to learn how to trade, I see that I need to search the low price and wait for a while to see the price will increase later. After doing a few times, I understand that I need to learn more about the patient so I can see my chance to sell bitcoin at a higher price.

I know that is not easy, but if we can learn and do that, I am sure that we can eliminate the stress and we can trade without having a bad feeling. While I am trying to make a profit, I see that when the price increase, there is a time for me to see that the stress comes again to me. I see that if I don't sell it right now, I will not make a profit. I decide to sell some bitcoin, and yes, I make those profit. But then, the price increase so high, and that makes me feel sad because I cannot wait for more to get a bigger profit.

That teaches me about patience, control myself, analyzing on how bigger I want to take the profit. After that, I am always trying not too greedy to make the profit, and I feel that is enough if I can get the profit than never. You need to know how much percentage you want to get so you don't chase more and more, which could lead you to miss the chance to sell your bitcoin. You need to understand that you cannot make a bigger profit every time you trade because that will depends on the market itself. If there is a pump, of course, you can make the biggest profit, but if it's not, then you should accept any profit you make.

[bounceback]

maybe not all stressed bitcoin users think about bitcoin when prices go down because they believe bitcoin will rise again in this short amount of time, and also investors who invest in bitcoin may be just a few of those who are depressed because they thought of the price of bitcoin last week with prices the less stable they might not care too much about things like that if we see cryptocurrency more and more people want to invest in bitcoin.

[The Sceptical Chymist]

I've been into bitcoin for about 4.5 years now and it has never stressed me out.  I know the reason why, too: I never usually own a whole lot of it, plus all the money I ever put into crypto was money I could afford to lose.  But I can see why dudes like Steve Wozniak and probably lots of crypto whales might be driven mad by the experience of bitcoin ownership, because it isn't like holding some blue chip stock that doesn't move much; it really is like a roller coaster at times.

In fact I'm not sure why anyone with as much money as he has would even dip their toes into bitcoin, unless it was a really (and relatively, for them) small amount.  Rich people generally try to protect their wealth instead of putting it into highly volatile assets like bitcoin.  But hey, it's their money.

And I have to say, if you're stressing about your portfolio when bitcoin is going haywire, you probably are playing with money that shouldn't be played with.  I've heard it a million times on the forum--don't buy bitcoin with next month's rent money.  I've also found it useful to not be checking the price constantly.  Usually the only time I check preev is when I'm writing a post in Speculation or am buying some bitcoin in the currency exchange section. 

[maxreish]

I have entered this crypto space with an optimistic mind. In the first place, I am already aware of the risk given by this field--volatile market. Even a successful investor feel some stress when seeing the price of bitcoin's tend to decrease and did not have a chance to convert it into fiat. That's a normal feeling. Who would feel great looking at the chart while your btc is going down?

However, let us all remember the phrase,
"There is always a rainbow comes after the rain". Means after the sorrow, the storm given by the market's volatility let us be ready to enjoy the fruit of happiness (the profit). There is always a choice in every action. As for me, i tend to HOLD until the market recovers.

[robelneo]

In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.

On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

I don't have to stress myself because of that it cannot help me, and besides, it's always a roller coaster ride sometimes it gets up then it goes down so why worry when it eventually goes up, you will just become stress out of something you cannot control.

You put to much pressure on yourself the best method is to let things be and only worry when Bitcoin goes to zero, and besides this is Bitcoin it's not altcoins.

[Anonylz]

It is a sure source of stress because you invested money on it just like you would in every other business you are engaged in offline, the major reason why you can be more stressed out is when you invested at it's peak, all the early investors are less stress because the price is way above the point at which they bought,
the more reason why you shouldn't inject more than you can afford to loss, anything that has to do with money, investment is associated with stress.
People react to things differently, some don't mind even if they loss money, others do.

[bering]

At this time my happiness year moment during involved in crypto world it was happend on 2017 but don't mean the happiness will be ended because upcoming years also offering it but indeed rather than other investments options then bitcoin offering more stressed feeling because the volatility makes people fear their bitcoin losing the value but indeed until now if facing downtrend i still cannot manage my stress and it sometimes makes me want to leave bitcoin world

[Shasha80]

Everyone who jumps into the world of cryptocurrency must be prepared for its consequences. We understand very well the price of bitcoin volatility. Therefore there must be a drastic pump or dump moment, from there the stress or happiness begins. All we have to do is manage our feelings properly, only each person understands himself. Because the level of stress and happiness of someone is different. If I deal with it when the pump may be happy but not excessive, in the sense of enjoying the profit earned naturally. Saving the remaining profits if there is still, now the most difficult overcome the stress that occurs when bitcoin dumps. Just take a break from the crypto world, close all related websites with crypto.Do other entertaining activities such as sports, playing games, singing, watching movies, etc. The point is forget it for a moment about crypto, after our feelings are good. The stress usually goes away, just starting trading activity again.

[jhonjhon]

Stress can be anywhere whether it is bitcoin or not, most especially that we expected too much and now we are expecting a bull run thus, a lot of people would expect that they can get profits  some bitcoin now seems to have a u-turn, it seems that bitcoin's price is not heading to what we expect it to be and that made people get stressed and some even lose hope thinking bitcoin will continue to crash. Cryptocurrency world is known to be  a very risky and it takes a lot of patience because the price is very unpredictable so as investors you should have prepared yourself for everything. If you think you can't handle the price movement and it is stressing you out then might as well get out and find something else to make you occupied.

[barabarian1]

before investing bitcoin there are always people who say invest as much as you can afford to lose. I think this advice is correct. when we follow this advice we won't stress excessively when the price of bitcoin goes down. because we are ready mentally when our money is gone. and precisely the majority of bitcoin users like bitcoin because of its fluctuations. when prices go down are buying opportunities and when going up is time to sell.

[airdnasxela]

How do you manage any possible stress coming from Bitcoin's volatility?

What gives you happiness are the one that can also give you stress.And I believe that it is just normal for us to experience stress due to the volatility of bitcoin. But how do I cope up with stress? Proper emotional management. Negativity won't do us anything good that's why it's better to think something positive. If the value decreases, think of how can you take advantage of it

[Palider]

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

I've been looking forward to almost five years in crypto so the problems I have with it are beyond my control.

I only regret Steve Wozniak because he regretted selling his bitcoin.

But really we need to learn a lesson so that it never repeats itself. Because as our crypto experience expands, so do the problems that we are able to overcome and if we do, we will surely be the key to our success.

[qiman]

I lost everything in the previous bear market and the value of all my Crypto holdings went down, so I could not cash out into Bitcoin fast enough, so although I still have some activity in this niche, I have now all but given up becoming a  big time Bitcoiner and so have resigned myself to the fact, that although I am a Bitcoin Enthusiast, that is all I will remain for the foreseeable future and if I can get to holding one whole Bitcoin by the time I retire, I will be content with that, but at the moment even that is proving to be quite a difficult task. The loss of our crypto assets and Bitcoin caused a lot of unhappiness in our family so now we just accepted our fate and not so ambitious now.

[SiDtHeBeSt]

There is nothing about being stressed if you play it right, by playing right I mean first only invest what you can bear to lose then second when it comes to bitcoin I have seen is it is better to buy them when low and store them away for quite some time.

[ILuckyGuyI]

In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.

On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

I am trying to be attentive to the Bitcoin price when I decide to invest. If it is rising for a long time and reaches a high level, I don't prefer investing in Bitcoin. Because I think that it is risky in a situation like that. Instead, I wait for the price to fall in a big amount, then I prefer investing.

[erickkyut]

In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.

On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

This situation is also applicable to any type of investments and not just on Bitcoin. If you see tat your investment or business is progressing, definitely you'll feel happy and you'll feel stress if it is losing. How to manage any possible stress coming from Bitcoin's volatility? Simply avoid looking at the chart! If you truly believe in Bitcoin, you know that it has the potential to be the world currency and major subject in the finance industry. Just hold you Bitcoin and wait for few more years. By that time. you'll thank yourself for buying it earlier than the majority.