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Author Topic: I feel uncomfortable if I don’t buy  (Read 1069 times)
Cryptmuster
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September 07, 2021, 08:17:06 PM
 #141


Well at least you know what to do next, as a beginner, a lot of mistakes will come in your way, and there will always be a chance to buy some bitcoins, Bitcoin will always have that dipping season, you know how volatile Bitcoin is and that's good, the last thing you need to learn is be patient and be active on observing the movment of the price, it's all about being calm and to not panic buy or panic sell your bitcoins.

For bitcoin, there is one very good strategy, buy and hold it, regardless of what happens, whether it goes up or down. It is worth holding until that time until it reaches the goal set by you. Bitcoin has one very good property, no matter how much it falls, it will still grow and become more expensive over time. Therefore, if you have patience, then holding Bitcoin will bring you a good profit.

 
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Kusman
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September 07, 2021, 10:45:28 PM
 #142

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.

This is a very risky thing you do in terms of having a quality life. In my opinion, you shouldn't invest all your funds into Bitcoin or any other cryptocurrency in the market. These are very volatile currencies and the amount of your loss would be really huge. Instead of doing it, prefer to buy some Bitcoin periodically with smaller amounts. This will help you allocate some of your funds to do something different. Don't be dependent on only cryptocurrencies.

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September 07, 2021, 10:55:51 PM
 #143

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.

This is a very risky thing you do in terms of having a quality life. In my opinion, you shouldn't invest all your funds into Bitcoin or any other cryptocurrency in the market. These are very volatile currencies and the amount of your loss would be really huge. Instead of doing it, prefer to buy some Bitcoin periodically with smaller amounts. This will help you allocate some of your funds to do something different. Don't be dependent on only cryptocurrencies.

But he has not mentioned if he is only investing in btc or any other crypto. We actually don't know his other investments by those few statements. Anyway, it seems the OP is getting "addicted" with btc market and he has to evaluate himself if he is ready for this roller-coaster ride in crypto. He should learn how to control his emotions. Otherwise, it may affect his mental health.
Botnake
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September 07, 2021, 11:16:36 PM
Last edit: September 07, 2021, 11:51:44 PM by Botnake
 #144

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.

This is a very risky thing you do in terms of having a quality life. In my opinion, you shouldn't invest all your funds into Bitcoin or any other cryptocurrency in the market. These are very volatile currencies and the amount of your loss would be really huge. Instead of doing it, prefer to buy some Bitcoin periodically with smaller amounts. This will help you allocate some of your funds to do something different. Don't be dependent on only cryptocurrencies.

But he has not mentioned if he is only investing in btc or any other crypto. We actually don't know his other investments by those few statements. Anyway, it seems the OP is getting "addicted" with btc market and he has to evaluate himself if he is ready for this roller-coaster ride in crypto. He should learn how to control his emotions. Otherwise, it may affect his mental health.
I guess OP seems very emotional when he was not able to buy at the dip. If he will always be that way, then maybe crypto won't work for him. He should work for it and as much as possible  be more patient at all times so that he won't miss another chance. I think most of us have experienced of lacking funds sometimes but it won't end up like how OP feels. I suggest he should be more flexible and never be carried by his negative emotions as it won't help him all throughout his trading journey. I know in time he will be able to develop what he needs to. It just a matter of experience accumulation and definitely learn from their mistakes.

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BuNga_cute
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September 07, 2021, 11:20:32 PM
 #145

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.
This is a very risky thing you do in terms of having a quality life. In my opinion, you shouldn't invest all your funds into Bitcoin or any other cryptocurrency in the market. These are very volatile currencies and the amount of your loss would be really huge. Instead of doing it, prefer to buy some Bitcoin periodically with smaller amounts. This will help you allocate some of your funds to do something different. Don't be dependent on only cryptocurrencies.
But he has not mentioned if he is only investing in btc or any other crypto. We actually don't know his other investments by those few statements. Anyway, it seems the OP is getting "addicted" with btc market and he has to evaluate himself if he is ready for this roller-coaster ride in crypto. He should learn how to control his emotions. Otherwise, it may affect his mental health.

Actually, investing only in Bitcoin will be safe, because if we are patient holding Bitcoin can generate large profits in the future. But if it turns out
that investment is also in altcoins, this is very dangerous, because not all altcoins are good to buy. There are a lot of shitcoins in circulation
right now, and they will cost us money.

Regarding what the OP did it was not good, because he used all the money he had for investing in crypto, this would cause problems in the future.
I always remind everyone to use the extra money we have for investing in crypto. I agree we do have to control our emotions, don't buy crypto
using emotions, in the long run it can be problematic. The conclusion is don't be too obsessed with making profits from Bitcoin, because sometimes
the profits we get can take a long time. So never risk everything to be able to invest in Bitcoin, because anything in excess is not good.

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September 07, 2021, 11:32:05 PM
 #146

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.

Do what makes you comfortable. Wee do have our own ideas and decision in trading. At the end of the day, it is you who will benefit if your investment gain a lot and makes you panic when the price goes down.

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September 08, 2021, 03:38:16 AM
 #147

You can leave it alone for a while.
When you have money, you open it again and make a purchase.
Waiting is very important in this game.
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September 08, 2021, 05:42:04 AM
 #148

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.

What you were doing is really good but remember to not go all in just invest your spare money or even 300 USD will do. Price fluctuations do not really matter now especially if you're in a long term type of investor and, there would be more buying opportunities in the future so just sit back and relax for a just for this moment

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September 16, 2021, 01:51:45 PM
 #149

I started putting 1k into Bitcoin every time it drops by 5k since 60k. And I ran out of funds a little while ago.

The fact that I can’t buy this dip just makes me extremely uncomfortable.

It makes me feel shifty and nervous of the fluctuations. Whereas before I looked forward to it falling so I can just buy.

I guess this is the part where I wait.
Unfortunately, when you buy at a high price compared to the current price. But you are not scared, just relax and not panic is what you should do at this time. Long term market is always bullish, bitcoin will soon go back to $60k or hit $100k. or more I believe in the future of BTC and will continue to buy BTC at the right price.

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September 17, 2021, 03:23:28 AM
 #150

Sometimes waiting is an opportunity, sometimes waiting is indeed regrettable. The laws of the world always make people feel that we are a member of this game field, and we are insignificant, just like the "out of control player" a short time ago. We are just Non-player passersby, but we are indeed the most miserable when we encounter a disaster.
Seeing the world in the trading, seeing the ruthless face of capital, seeing greed, desire, loss of control, thousands of life and thousands of emotions converge in this game field to form a K-line chart.
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