Bitcoin can play tricks on your mind

[randegibran]

Yes, sometimes we are often confused with this one investment, because prices are uncertain and can change at any time. This is a trick in people's thinking games, especially for novice investors.so we need to be careful in an investment in the form of cryptp or digital currency. and it is proven by its price which began to decline so sharply in the last few weeks. it depends on each of us

[Japinat]

Yes, sometimes we are often confused with this one investment, because prices are uncertain and can change at any time. This is a trick in people's thinking games, especially for novice investors.so we need to be careful in an investment in the form of cryptp or digital currency. and it is proven by its price which began to decline so sharply in the last few weeks. it depends on each of us

Our lack of knowledge and experience will play tricks on our mind, bitcoin is bitcoin, it will not move if people will not move it, therefore it's necessary for us to know how and why it's moving, if we are good at predicting its movement, then everything will be easy for us.

You see, there are people who lose money, and there are people who make money, that's because some are smart and some are not.

[Questat]

Yes, sometimes we are often confused with this one investment, because prices are uncertain and can change at any time. This is a trick in people's thinking games, especially for novice investors.so we need to be careful in an investment in the form of cryptp or digital currency. and it is proven by its price which began to decline so sharply in the last few weeks. it depends on each of us

Our lack of knowledge and experience will play tricks on our mind, bitcoin is bitcoin, it will not move if people will not move it, therefore it's necessary for us to know how and why it's moving, if we are good at predicting its movement, then everything will be easy for us.

You see, there are people who lose money, and there are people who make money, that's because some are smart and some are not.

It is very unfortunate that it goes like that but that gonna be the real-life in crypto, some will lose while some just win. Maybe, we are in profit today and might possible that we are losing in the following day and that is because of the market volatility. If we just know what will happen next, I felt that the market seems too boring and not challenging, and that will never exist for sure.

[mckinleeanael07]

If it is said that the possibility of BTC going to 0, it is very unlikely because currently BTC is quite popular coin and is the dominant coin on all transactions. This is a psychological game and those with a strong mentality will win. If you feel too stressed, close your account and temporarily put aside a good night's sleep without thinking and then tomorrow everything will be fine again. 

[pawanjain]

After this latest run I thought about taking profit to get my original stake back, which is about 25% of the current value.

But then I start thinking "No, that 25% could eventually be worth many times more in a few years...".

... but then I think "What if bitcoin crashes to zero, isn't it best to take my original stake out now?"

... and then I think "no, don't bother, if it does crash to zero, it won't happen in a flash, and you could still take your original stake out on the way down."

Sheesh! Apart from Bitcoin, I've always bought risky shares, and I've gambled on sports... but I've never suffered these sort of mind games as you do with Bitcoin, and I imagine the only similar thing is penny stocks.

Does anyone else play these scenarios out in their head?

This is only because with bitcoin and penny stocks there's a possibility of high return in a comparatively short amount of time than other assets.
This makes us greedy for wanting more and make us HODL on to our assets in the hope of a high return.
To be honest 25% is still a very good amount to breakeven. This is why we should have strategy and execute it accordingly.
I hope you would have took out some profits while the price was high. Taking profits at the right is a skill which not many can successfully achieve.

[dimonstration]

Yes, sometimes we are often confused with this one investment, because prices are uncertain and can change at any time. This is a trick in people's thinking games, especially for novice investors.so we need to be careful in an investment in the form of cryptp or digital currency. and it is proven by its price which began to decline so sharply in the last few weeks. it depends on each of us

Depending on what we think BTC is, some expect too much in just a small period of time that leads to others some stress or worst having problems due to expecting too much.know that when we expect we must know the situation or how to handle the volatility of the market since no matter how hard we think, no matter how we wanted it we can't dictate what will happen so diversify also in other investments so we have backup if the market still not going fine.

[imstillthebest]

how come you cant decide properly in btc  when it was less risky than your other investments .
 you sure you dont put much money in btc more than your other investments ? but your thoughts are right  btc cant go down to zero . you can chose to not pull out your initial capital because the more money  you hold in btc the more return you could get .
you can take it out the next time you sold at a much higher rate .

[randegibran]

this is a common thing and often happens in an investment, especially with regard to buying and selling. this is a common thing especially with regard to a business, if we dare to bet on every price we will always benefit with every ups and downs a stock price that is so significant.So in this case.courage is the main step to start a business, because mind games will always exist anywhere and in any form

[Sled]

this is a common thing and often happens in an investment, especially with regard to buying and selling. this is a common thing especially with regard to a business, if we dare to bet on every price we will always benefit with every ups and downs a stock price that is so significant.So in this case.courage is the main step to start a business, because mind games will always exist anywhere and in any form

If you are a weak person and doubtful of what you are doing, you will end up losing.

That might be a common thing to happen and that is why we never let this thing happen to us. If we wanted to help and improve our life, therefore, we also need to change the way we think about the future.

Perhaps, it is not Bitcoin playing tricks on our minds, it is our mindset does.

[Hamphser]

this is a common thing and often happens in an investment, especially with regard to buying and selling. this is a common thing especially with regard to a business, if we dare to bet on every price we will always benefit with every ups and downs a stock price that is so significant.So in this case.courage is the main step to start a business, because mind games will always exist anywhere and in any form

If you are a weak person and doubtful of what you are doing, you will end up losing.

That might be a common thing to happen and that is why we never let this thing happen to us. If we wanted to help and improve our life, therefore, we also need to change the way we think about the future.

Perhaps, it is not Bitcoin playing tricks on our minds, it is our mindset does.

Mindset/Goals
Emotions
Other external factors like news and events

These are the common factors or things that would really be affecting your decisions in life specially when you do make out some investment.

Its true that Bitcoin isnt playing tricks on our mind. It is just naturally being unpredictable since from the start and this is why you should really be
aware on how this market works and the risk you would really be needing for you to take advantage.

[verita1]

From the first time I bought bitcoin I felt very special. Maybe it was due to the fact that I was getting started in the crypto space and felt like many of you, the magic of digital money. Then came the learning that comes with being a bitcoiner and the patience to stay hodl.
As in my mind it is already programmed to see the future of bitcoin, I am not worried about its falls. My feeling is positive when I see how strong bitcoin can be from looking at it to zero, I don't think it's possible.

[Hypnosis00]

From the first time I bought bitcoin I felt very special. Maybe it was due to the fact that I was getting started in the crypto space and felt like many of you, the magic of digital money. Then came the learning that comes with being a bitcoiner and the patience to stay hodl.
As in my mind it is already programmed to see the future of bitcoin, I am not worried about its falls. My feeling is positive when I see how strong bitcoin can be from looking at it to zero, I don't think it's possible.

I really appreciate people think that way. We are here to support crypto as a form of digital currency. If we just keep our mind thinking negatively, that mainly influences us to act the same and leads to worries when dumps have come. Understanding the nature of Bitcoin, it gonna helps us to change our mindset because that all lies in the way how we think about Bitcoin.

Honestly, we can easily manipulate bad things when we have a negative mindset and many people had fallen into that.

[finaleshot2016]

I'm fortunate in that I don't have to think about such things, and I can't say that bitcoin is truly playing us all. First and foremost, it is an investment; ensure that the funds you have invested in the crypto market are funds that you can afford to lose. Make sure the crypto market is in good shape before investing, and always remember to tp or take profit before the crash; many individuals are still hodling and regret not taking advantage of the previous bull run. Expect a crash at any time, as whales are the ones who are doing it to take advantage of those who are embracing the euphoria that is causing BTC to expand even more. Plus I guess the reason I'm not bothered is that this is just my spare cash, and I've had previous experience with cryptocurrency, so I know it'll be rewarding soon.

[Nunoluck]

I have simple way to see the market. In my opinion, bitcoin market should be profitable for trader. So any situation that not give opportunity for trader will not hold for long term. Stable price chart is impossible for this current market situation. Most of bitcoin users are trader, so I think if we know what traders expect for bitcoin market then we will not have any psychological issue.

[Henrobakkara]

A strong mentality is the main capital to become a btc businessman.  If you are not strong then you cannot produce clear ideas.  The long-term scenario for you is a must to consider, and how many of them regret selling btc in 2009. If they sold it now then most likely wealth was on their side.

You are right. I believe most investors in Bitcoin now only see what is happening in the immediate market price and don't seems to understand or take into consideration the past Bitcoin history and how Bitcoin has come back from market dips like this before.
Again if you are entering the market as a trader then you gats to be prepared for the constant volatility of Bitcoin price and this will constantly put you on your toes but I believe investing for a little longer time is best.

[wahyu wida]

I have simple way to see the market. In my opinion, bitcoin market should be profitable for trader. So any situation that not give opportunity for trader will not hold for long term. Stable price chart is impossible for this current market situation. Most of bitcoin users are trader, so I think if we know what traders expect for bitcoin market then we will not have any psychological issue.

In my opinion, a profitable market for traders who have high volatility, so traders will be more enthusiastic about making transactions. but indeed in a trade of course there are winners and losers, because this is a natural law. but if market manipulation occurs, then we must be able to respond wisely

[Japinat]

I have simple way to see the market. In my opinion, bitcoin market should be profitable for trader. So any situation that not give opportunity for trader will not hold for long term. Stable price chart is impossible for this current market situation. Most of bitcoin users are trader, so I think if we know what traders expect for bitcoin market then we will not have any psychological issue.

In my opinion, a profitable market for traders who have high volatility, so traders will be more enthusiastic about making transactions. but indeed in a trade of course there are winners and losers, because this is a natural law. but if market manipulation occurs, then we must be able to respond wisely

Manipulation is part of the market movement, there's an abnormal movement because of manipulation, but being a trader with experience, we should know it's happening from time to time and we should have a ready decision to make an effective strategy, whether we profit or we accumulate becasue of a cheap price.

[Dhoe]

even if we go down in any field, everything will rack our brains, so even farmers our brains are spinning, we have to think about how the harvest can be successful, what fertilizers we need to sprinkle, especially bitcoin which has challenges, and we have to learn all fields, start from the internet, trending, investment, etc., so it's only natural that our brains spin, and our money flows as our brains spin..

[romecheo]

Emotional control is hard to handle, it was really bothersome, especially, if you put every penny you have on BTC and  haven't spare for your daily expenses.

Imagine, you can rest your eyes to see the price on the market every hour or even every minute, your heart almost crash.

A piece of advice which I quoted from other "Set your target price , then withdraw your BTC" 

[Renampun]

A strong mentality is the main capital to become a btc businessman.  If you are not strong then you cannot produce clear ideas.  The long-term scenario for you is a must to consider, and how many of them regret selling btc in 2009. If they sold it now then most likely wealth was on their side.

It's not easy to believe in the future of Bitcoin, but many have proven that hodl BTC makes rich...

as you said that those who sold BTC in 2009 must be really sorry that they missed the opportunity to become millionaires. hold BTC for the long term will definitely bear fruit because the price of BTC continues to rise from year to year.