Question for bitcoin traders !!!

[skarais]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

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[Oshosondy]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

People that are mostly panic are traders, it is because they trade often. To not panic and have rest of mind, just be very calm and patient, wait for the price to dump, invest small, if the price continue to dump, invest more and like that. Some people will see dump price and invest all, that is very wrong. if you invest small, you will be able to invest more if the price dump the more. No matter what will happen, the price will later increase.

[Smartvirus]

The question here is and apparently where the problem lies is, 'What kind of trader and trading are you unto?'.
Are you a day trader that is concerned about picking the little pips in the market? Or
Are you a hodler that just invests and waits on the market to appreciate in price before thinking of exchanging to doing away with your investment.
This is actually where the market actually plays around with your thoughts and most of all, it's the day traders that 7s concerned or affected the most. The long term traders could easily relax and be rest assured that, there huge input would yield good returns in the long run but the short term traders are more concerned about the opportunities in the charts and how not to miss a single move. This I consider dangerous both financially and health wise as your mind is constantly disturbed by any surprising move.

[Hamphser]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

People that are mostly panic are traders, it is because they trade often. To not panic and have rest of mind, just be very calm and patient, wait for the price to dump, invest small, if the price continue to dump, invest more and like that. Some people will see dump price and invest all, that is very wrong. if you invest small, you will be able to invest more if the price dump the more. No matter what will happen, the price will later increase.

Not all  would really be having that kind of patience on where they would just simply wait out for some recovery and this is actually self preference or choice of certain trader.

They have their own con's and pros and depending or according to your needs then its up to you on which path you would be taking on.Swing trader or active trader.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Dont stress your self that much because once you had step your foot into this market then fluctuation is something you can see everyday.
Deal with it.

[Mistafreeze]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Honestly, it's never easy to be a trader, especially the trauma that one experience when money is going and one still believe that the market is going to turn up for good without having any doubt. The price of Bitcoin had really fallen to half of it value   and most investors who had lost a fortune from investing and trading Bitcoin are still patiently optimistic about the current situation of the market as at now.

Although trading is not only about making profits but having a rest of mind beating your chest that you have strived and now becoming an overcomer. Trading is live, is career not just something one dabble into just because of material gains, although we all see trading from different perspectives which is not really bad.

[Rengga Jati]

I don't know what exactly to do by other people here.
but, here are what I am doing to face this condition like what happening right now. I am also experiencing this, very dropped asset, not only on my BTC but also on all of the cryptocurrencies in my portfolio.
1. Use only free money, in which it is no big problem when the price is still dropped because we don't need that money in a hurry
2. I personally prefer to hold all coins including Bitcoin that I have during this dropped market price, no need to panic and cut loss because I am personally too late to cut loss.
3. Save and forget my assets until the market better someday, it may be better not to check our all assets that are dropped when in this kind of market condition, because the more we are seeing the assets dropped, the more stressful we will be.
4. Use some of them or several coins to stake or lock, but ensure that it is on reputable exchanges or problems because it is also risky.
5. Get another trading from another money, I am personally using the rewards from this signature campaign to start trading again. Although the market is dropped, it doesn't mean to stop trading, use every chance to get profits, if it is a loss, learn from the loss what strategy may be not appropriate to this current market condition.
6. Once more, Do not panic, we are all aware that the crypto market is full of stress moreover for our psychology. It is very normal to be sad or worried about the portfolio that we have been dropped. But, once more, if we are already in this crypto market, we must be ready with all risks, such as this kind of market.

Good luck guys, we can face this all situation.   

[blockman]

You just get used to it and don't be too worried about it because even if it plummets, time for it will come and it shall recover. Just like the quote that you've shared from Chow Yun Fat that you need to calm your mind. It's the first thing that you need to do if you do not want to think of bitcoin's fluctuation. Because it's already there and won't be gone so instead, we're the ones to adjust and we shouldn't think of it from time to time. You just check the price if you've been in profit and how much it is then you're good again to think of the other important things that you have to do.

[Cherylstar86]

Indeed bitcoin price falls at worst, but it did make learn more ways to battle emotions specially in times of failures. Though we badly needed money for our daily needs, and yet sacrificed all important expenses like celebrations and other enjoyable stuff in life. Our motivations kept us more eager to pursue every dreams for the future of bitcoin and other altcoins who've been part of our journey as a trader.

[bitcub]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Bitcoin is much bigger now. Price movement is a little slow. If we just know how to read charts, we can say that Bitcoin will go down and we need to hedge our investments in stable coins like USDT. Then we must be happy when Bitcoin is making consolidation because we can buy it again from a lower price.

They key here is to learn what we are doing. If we want to invest in Bitcoin , it is essential to know how trading works. If we want to have a restaurant business, it is wise to learn how to cook so matter what happened if you cooking staffs are not available, the business will go on.

[GreatArkansas]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

One of the best answers here is the famous quote "Invest what you can afford to lose"
To be honest, if you use the money that you can afford to lose and buy it Bitcoin or other cryptocurrencies, you can sleep at night without worrying about something.
The same application with trading too, you should know how RISKY trading is, that's why a lot of new in trading are ended up getting rekt and quitting very early.

[Lakai01]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

It's actually pretty simple: be convinced that the ATH will be reached again in the next 4 years and stack sats until then.

You can only have a problem with the high price decline if you have invested more money in BTC than you are willing to lose. Mentally, you have to write off the money as soon as you have bought BTC (or any other investment), otherwise you constantly calculate the losses/gains and lose sight of the big goal: to be one of those who can call at least a larger fraction of a whole BTC their own.

[iv4n]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

It's actually pretty simple: be convinced that the ATH will be reached again in the next 4 years and stack sats until then.

You can only have a problem with the high price decline if you have invested more money in BTC than you are willing to lose. Mentally, you have to write off the money as soon as you have bought BTC (or any other investment), otherwise you constantly calculate the losses/gains and lose sight of the big goal: to be one of those who can call at least a larger fraction of a whole BTC their own.

It is simple, if someone believes in new ATH, stacking sats until that day comes sounds like a good plan! The problem appears when some people wish to stack more and more (greediness) and they look for risky actions that can bring more sats! It can be day trading or investing in the new projects...
For long-term investors, looking at charts daily, and as you say Lakai01, calculating the lose/gain ratio can be a real headache... you will be in a constant dilemma about what to do, should you buy/sell/short/scalp... while the easiest thing should be investing and forgetting about your investment for a longer period! It would be nice if you can add more money from time to time (when some dip comes)!

[Wexnident]

Just don't look at the market, I fully trust Bitcoin would bring me profits, just not in the immediate long term. I guess that's why I'm more content with peeking at the market every now and then only instead of back when I was new, where I was looking at it every day. Switching from trying to do day trading to long-term investment made me get a huge breather and let out that huge source of stress that I always get. As for investments, well I DCA every month so it doesn't really hit me that badly. It's rather light on the load even tbh.

[aysg76]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

We have seen more than 80-85% crash or downward trend in bitcoin prices so these 40-50% price fluctuations you are referring to don't even bother long term holder and they know this time it will grow even more with great surge so just waiting for that time to hit the market exactly.Just watch the charts and you will see we have seen $1200 prices to falling to $86 in 2013 and still we are at $34k now so thinking this if your mind feel burden or pressure then you should sell btc and leave the market because this is not for the faint hearted people and who holds will enjoy in future.

[michellee]

I like that quote and I agree with that. That is a psychological factor that makes us watch the price moves, which is happening to many people. But in this matter, we can learn how to manage that factor and calm down to see the volatility of bitcoin prices. Every investment has a target goal that we can achieve but if we do not have a goal to sell bitcoin, we will not make a profit. The bitcoin amount we have will still be in the bitcoin form, but you can make a profit and enjoy your profit if you have a target price to sell.

I will not always check the price but I will do periodically and if I see the price is good and I am okay with the profit that I will get, I will sell it and not trying to wait for more because there is no guarantee the price can still increase. If we can manage ourselves in trading or investment, we can feel satisfied with the profit.

[Questat]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way".

I definitely have to agree with you. It is a matter of how we manage ourselves in the situation where our emotions have been tested and badly affected, somewhat like in the bear season. It is really hard to be perfect (nor that was possible), some circumstances are we mostly bothered by our emotions, fears, and anxiety. We often become negative when experience losses and regrets, and sometimes be positive when we gain profit.
And why these all things happen because we live as human beings, not a robot.

[Lakai01]

-snip-
It would be nice if you can add more money from time to time (when some dip comes)!

There is actually a fairly simple solution for this: DCA.

You always buy the coin of your choice at fixed times (e.g. every Monday) for a fixed amount (e.g. 50$). So neither short-term nor long-term fluctuations matter to you, sometimes you get more coins for the same amount, sometimes less. You will never catch the bottom, but most likely you will not buy at the top in full FOMO.

[slaman29]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Usually, in my experience, people who give out quotes like that have a lot of money. Which keeps them calm and collected of course! I mean, if you've never struggled or worried about rent or had no parents to ask money for, easy to be calm;)

But yes, of course the point still stands. People always underestimate crypto even with long cycles of history to show them how volatile and cruel it can be. Enter at your own risk. And risk what you can afford to lose.

[dotcoin.info]

Why do something about it? I think that all veterans of this forum understand that bitcoin has the properties of both growing and falling, and falling quite deeply.
To buy bitcoin and get upset after the price has not gone up is rather stupid and naive, because it cannot and will not grow constantly, these are cycles of growth and decline.
There has not yet been any growth without correction, then what's the point of worrying? You can only worry if you bought it at the peak points of growth, then you fell for FOMO.

[carlfebz2]

-snip-
It would be nice if you can add more money from time to time (when some dip comes)!

There is actually a fairly simple solution for this: DCA.

You always buy the coin of your choice at fixed times (e.g. every Monday) for a fixed amount (e.g. 50$). So neither short-term nor long-term fluctuations matter to you, sometimes you get more coins for the same amount, sometimes less. You will never catch the bottom, but most likely you will not buy at the top in full FOMO.

If your budget is just really enough for that amount then you can definitely take control of yourself because if not then its hard to maintain a certain amount specially if you do saw that the value is really cheap

or shall we say you can earn more tokens because it is on potential bottom or we can simply say that you are seeing opportunity this is why fixed terms is really hard to follow and does depend on strict self control.

Actually i had done this but your emotion will really be a big factor and this is why proper planning of funds will really matter on this situation.

[Xampeuu]

-snip-
It would be nice if you can add more money from time to time (when some dip comes)!

There is actually a fairly simple solution for this: DCA.

You always buy the coin of your choice at fixed times (e.g. every Monday) for a fixed amount (e.g. 50$). So neither short-term nor long-term fluctuations matter to you, sometimes you get more coins for the same amount, sometimes less. You will never catch the bottom, but most likely you will not buy at the top in full FOMO.

If your budget is just really enough for that amount then you can definitely take control of yourself because if not then its hard to maintain a certain amount specially if you do saw that the value is really cheap

or shall we say you can earn more tokens because it is on potential bottom or we can simply say that you are seeing opportunity this is why fixed terms is really hard to follow and does depend on strict self control.

Actually i had done this but your emotion will really be a big factor and this is why proper planning of funds will really matter on this situation.

strict fund planning and selection of trading pairs will determine a success. but for me it would be wise if we trade on several pairs, thus reducing the risk. risk must also be calculated before making a transaction, so that we have an idea if we are wrong in analyzing, because not every transaction will go according to plan

[Sled]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Always have your plan and strategies because in trading, we should prepare for anything especially the price of Bitcoin is very volatile.
Having a negative thoughts about the market or negative emotion is not good and that only means you are not well prepared the moment you invest. We can't always win here in the market, there are times that we need to deal with losses but if you do the right thing, profit will come to you.

One way to combat negative thoughts is to make ourselves busy with the other stuff. The more we are checking and monitoring the market, the more we are getting affected and humiliated by the downtrend. People get mad and frustrated with the market but we also have to understand that not all the time we are bullish and profiting, sometimes we lose.

[traderethereum]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Always have your plan and strategies because in trading, we should prepare for anything especially the price of Bitcoin is very volatile.
Having a negative thoughts about the market or negative emotion is not good and that only means you are not well prepared the moment you invest. We can't always win here in the market, there are times that we need to deal with losses but if you do the right thing, profit will come to you.

One way to combat negative thoughts is to make ourselves busy with the other stuff. The more we are checking and monitoring the market, the more we are getting affected and humiliated by the downtrend. People get mad and frustrated with the market but we also have to understand that not all the time we are bullish and profiting, sometimes we lose.

I agree with @Sled said that making ourselves busy will make us not thinking about the fluctuating market.
But before we do that, maybe we can set an alarm that will sound if the price reaches the price we want to come back to the market and do our plan.
I am sure almost all of us have a frustrating experience seeing the market volatility but we already learned that we need to calm down to see the chance.
If we can do the other thing, we do not have to feel like that because we have another plan if the market moves differently than our prediction.

[davis196]

The current Bitcoin price fluctuates between 31K and 35K USD.I wouldn't call this a big fluctuation.Actually,the Bitcoin market is pretty calm right now.Only the total newbies would freak out,when the Bitcoin price drops by 5-10%. A real trader has a plan or a strategy.A newbie trader simply follows trends and gets surprised every time,when the trend shifts to an unexpected direction.
A real trader cannot be overwhelmed by price fluctuations.The problem is that almost all cryptocurrency traders aren't real traders.They are just amateurs and wannabe traders,who are pretending to be professional traders.

[Maslate]

The current Bitcoin price fluctuates between 31K and 35K USD.I wouldn't call this a big fluctuation.Actually,the Bitcoin market is pretty calm right now.Only the total newbies would freak out,when the Bitcoin price drops by 5-10%. A real trader has a plan or a strategy.A newbie trader simply follows trends and gets surprised every time,when the trend shifts to an unexpected direction.
A real trader cannot be overwhelmed by price fluctuations.The problem is that almost all cryptocurrency traders aren't real traders.They are just amateurs and wannabe traders,who are pretending to be professional traders.

But I don't think would like to pretend because their action and market decisions will picture them out who really they are in real life.
It is quite to say that newbies often claim that they are losing while pro-trader just keep calm and finding a way to recover their losses instead of blaming the market but themselves. But maybe they don't have to shout it out because of their experience and they are aware of what possible things to happen with them.

[breathlessz]

The current Bitcoin price fluctuates between 31K and 35K USD.I wouldn't call this a big fluctuation.Actually,the Bitcoin market is pretty calm right now.Only the total newbies would freak out,when the Bitcoin price drops by 5-10%. A real trader has a plan or a strategy.A newbie trader simply follows trends and gets surprised every time,when the trend shifts to an unexpected direction.
A real trader cannot be overwhelmed by price fluctuations.The problem is that almost all cryptocurrency traders aren't real traders.They are just amateurs and wannabe traders,who are pretending to be professional traders.

But I don't think would like to pretend because their action and market decisions will picture them out who really they are in real life.
It is quite to say that newbies often claim that they are losing while pro-trader just keep calm and finding a way to recover their losses instead of blaming the market but themselves. But maybe they don't have to shout it out because of their experience and they are aware of what possible things to happen with them.

there is nothing wrong with the market, we will always study with the market, and usually pro traders, always calm in any situation, I think for them profit or loss is something that is common in trading, so there is no need to be expressive in describing the final result. I hope in the future I will be able to be like them, because it also affects our attitude in the real world

[xSkylarx]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Some traders say this and I can say it is true, "don't trade with your emotion involved" in other words learn to trade without emotion. Newbie traders will really be stressed with the price fluctuations of bitcoin and other cryptos but as time goes and they get used to it, it will just be a normal day in the crypto market. Also never invest your money that should be put into other responsibilities, some newbie traders tend to borrow money from someone or get a loan thinking that they would earn easy profit.

[isaac_clarke22]

~

Well you can't help but to think of how to earn money regardless. Emotion is what f us up 90% of the time. That is why when making decision, you should sleep it first overnight before committing to that kind of decision.
Last night I was thinking of selling a little bit of my Bitcoin, but then I just let myself fall asleep to ensure that I am not just f up with tiredness with that mindset. Turns out I didn't want to sell at all.

[AakZaki]

In order not to be burdened with bitcoin price fluctuations, first determine what type of investment you want to make in bitcoin, whether Short-term, Mid-Term or Long-term. Because the long investment will affect your profits and psychology. For example, if you use a short-term strategy, then you must continue to monitor the price of bitcoin at all times and sell it when you are profitable. but for long-term or long-term investments, you have to look at the charts and analyze where you should buy and when you should sell. Long-term may take months or even years, depending on the target to be achieved.

live life well, take every opportunity to profit in bitcoin trading. Don't think too much about price fluctuations. just follow the flow.

[DarkIT]

In order not to be burdened with bitcoin price fluctuations, first determine what type of investment you want to make in bitcoin, whether Short-term, Mid-Term or Long-term. Because the long investment will affect your profits and psychology. For example, if you use a short-term strategy, then you must continue to monitor the price of bitcoin at all times and sell it when you are profitable. but for long-term or long-term investments, you have to look at the charts and analyze where you should buy and when you should sell. Long-term may take months or even years, depending on the target to be achieved.

live life well, take every opportunity to profit in bitcoin trading. Don't think too much about price fluctuations. just follow the flow.

Short term one was a interesting as compared to the long term one.We can predict the short term value some how with the candles and indicators.So you get profit for the investment by analysis with again and again on same day.Long term had no time limit,even it will be one year for some coins.But if you invested immediately needed money,you will be loser.

[Hypnosis00]

In order not to be burdened with bitcoin price fluctuations, first determine what type of investment you want to make in bitcoin, whether Short-term, Mid-Term or Long-term. Because the long investment will affect your profits and psychology. For example, if you use a short-term strategy, then you must continue to monitor the price of bitcoin at all times and sell it when you are profitable. but for long-term or long-term investments, you have to look at the charts and analyze where you should buy and when you should sell. Long-term may take months or even years, depending on the target to be achieved.

live life well, take every opportunity to profit in bitcoin trading. Don't think too much about price fluctuations. just follow the flow.

We don't have to get starved and praise money because that will be the reason why we become frustrated with every loss we got.
We should have to know our capabilities and limitations. This is something that needs to understand as many traders tried to push themselves out of it.

Short-term or long-term trade, we have to choose where we are comfortable because the result of our trades will depend on how we manage our funds. Losing is a part of the game and therefore, we have to find a solution to minimize it otherwise, we are making ourselves out of the game.

[xmonkeyx]

the first in my opinion is that the money invested in bitcoin is money that does not interfere with daily life, meaning more money or savings that do not interfere with real life. and the second is don't bet all your assets because this is very dangerous for your finances and your life.
everything can look easy if we ourselves can manage it well, set aside a little money to invest in bitcoin or altcoins and start looking for profits with a logical percentage with the amount of capital we have.

[maxreish]

I dont panic now. I've admit that there is a tiny regret feeling when it reached new ATH at 60k and I wasnt be able to at least convert it into USDT. But Ive seen the worst dip before and this bearish moment is just a normal scene in bitcoin market that we just need wait until it recovers.

So, how do we cope up with bitcoin price flactuations? We shall have managemeny plan, target profit and lose and shall have control over emotions.

[Shasha80]

the first in my opinion is that the money invested in bitcoin is money that does not interfere with daily life, meaning more money or savings that do not interfere with real life. and the second is don't bet all your assets because this is very dangerous for your finances and your life.
everything can look easy if we ourselves can manage it well, set aside a little money to invest in bitcoin or altcoins and start looking for profits with a logical percentage with the amount of capital we have.

I agree that it is better to invest in Bitcoin using the extra money we have, and don't use money for daily living expenses to buy Bitcoin.
So when we are in a bad situation like now, where the price of Bitcoin fell quite a lot after it managed to rise above the $60k price.
We don't need to panic and sell the Bitcoins that we have, because surely the price of Bitcoin will go up again, and we can be patient
waiting for the price of Bitcoin to rise again. I also don't invest only in Bitcoin, I split my money in other assets too. Because it is very
important to divide our money not only in one asset.

[ShowOff]

If you are a trader then you should know that pressure is at every intersection between rising and falling price. I remember one thing about how we can minimize this stress and that is not investing as much as you can't afford to lose. This mean using as much money as you can afford when you lose and it will put your mind and feeling at ease a bit. One more thing, don't borrow money from anyone to trade, you are bound to run into unexpected problem due to price fluctuation.

[sheenshane]

I dont panic now. I've admit that there is a tiny regret feeling when it reached new ATH at 60k and I wasnt be able to at least convert it into USDT. But Ive seen the worst dip before and this bearish moment is just a normal scene in bitcoin market that we just need wait until it recovers.

So, how do we cope up with bitcoin price flactuations? We shall have managemeny plan, target profit and lose and shall have control over emotions.

A financial management plan is very important when you have an investment in crypto because it's very volatile that you should be coped up.  You just need to set up a target profit plan and don't think panic selling when the market goes down.  No one might be selling their crypto-assets under the price where they purchased them.

Using extra money is a wise decision because you can't touch it if you don't need it, which means what is the purpose of selling under the price if you don't need any financial.

The most important thing is when we invest in crypto that we know how volatile it is, don't regularly check the market price, forget at least for years and then come back after 4-5 years, you will see a better result.

[Furious 7]

The burden of thought must be in every trade because it is influenced by very fluctuating movements in every sector that is traded, you will definitely experience the thought of taking care of yourself sometimes if this is not constrained it will cause heavy stress later, but for me this is normal in trading, so every drop that is so drastic the thoughts in my head must be there but I don't feel it so deeply because this is already a down time and we are just waiting for the best moment to recover it

What will be a burden on my mind is that I borrowed money for bitcoin trading capital and then bought it after that it fell by almost 50%, now I can't imagine how heavy this burden is with things you don't have to do before.

[goldade]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

You must have realised that those who are usually burdened with this unrest of the mind are those who actively trade bitcoin and other cryptocurrencies.
In reality, it is right for them to be this way because that is the way to maximise the market fluctuations in price.
The only way to avoid this is to invest in Bitcoin and hodl. Usually, it is advised to set a target time to take profit. This doesn't require any form of monitoring as the price of bitcoin tends to rise over time.

[Alisha-k]

Once it comes to investments its always certain that a constant check on how far it's been appreciating or depreciating over time but it's always wiser to luck-up your coin and forget about it because most times the market might appear very scary with a massive bearish move causing a dip spike that might even discourage an investor. Once you choose to invest always expect one of two things either a profit or a loss there is no in-between in any investment

[jaberwock]

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

If you have a lot of money invested in Bitcoin more than you can afford to risk, then you’re always going to be worried about it because that amount is too much for you to handle if you should happen to lose it. When you’re advised to start with five percent, imagine you lose just five percent of what you have for investing, you’re not going to be so much worried about it, because you know that it is not much and it is something you will be able to cover up within a short period. So, the only solution to this problem is to always make sure that you’re not investing too much. By investing small amount you will be able to take your mind off it

[imstillthebest]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way"

isn't both are connected ? you won't get a peace of mind of thinking how can you make more money .
if we want a peace of mind we need to live simple . Having a lesser source to get an income would be enough but make sure it was stable .
we can still do crypto trade on the side but let's make things easy and less serious.

[The Cryptovator]

It's always easy to advise others, but following for own is very difficult. There are a few cool-minded traders who never panic they could decide with patience. People like me just become panic during dumping prices. To be honest, when I decide to hold Bitcoin for few months, then Bitcoin just starts to dump. When buying in a dip then encounter more dip. So usually we become panic instead of patience. Listen, we can't ignore relationships with life and money, so when you are losing money it will affect your life automatically. That's why we become panic during dumping, but it's pretty sure cool-minded people will gainer at the end of the day.

[Vaculin]

The burden of thought must be in every trade because it is influenced by very fluctuating movements in every sector that is traded, you will definitely experience the thought of taking care of yourself sometimes if this is not constrained it will cause heavy stress later, but for me this is normal in trading, so every drop that is so drastic the thoughts in my head must be there but I don't feel it so deeply because this is already a down time and we are just waiting for the best moment to recover it

What will be a burden on my mind is that I borrowed money for bitcoin trading capital and then bought it after that it fell by almost 50%, now I can't imagine how heavy this burden is with things you don't have to do before.

Your intention of borrowing money is good but you are unlucky, the market just fell and if you will sell your coins at this time, it gonna hard for you to recover. You better hold them and wait for the right moment to sell.

Actually, that is difficult when you are trading in a single coin and once it drops, you don't have another choice rather than to sell it or hold. But if you are using 2-3 coins, we can use the other fund for recovery while waiting for the others to pump.
But above all, borrowing money for trading is not really a good idea IMO.

[andriarto]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way"

isn't both are connected ? you won't get a peace of mind of thinking how can you make more money .
if we want a peace of mind we need to live simple . Having a lesser source to get an income would be enough but make sure it was stable .
we can still do crypto trade on the side but let's make things easy and less serious.

peace of mind is a priority to carry out the next step. The burden of life is getting heavier and heavier, but if we try, of course there will be a way to cover that need. therefore a simple lifestyle will help us to be able to set aside money, to invest or trade, so that later we will be able to change fate, not stagnant like now

[Ararbermas]

Actually bitcoin always experience such situation wherein even before. So don't fell and follow in your emotions because as long as you will stay holding the chance to regain all your losses is still in your hands.  So be patient instead of worrying because that's common now due to some whale's that always manipulate the market.. Control your emotions and never give up mate it will recover anytime soon. Just relax..

[Kelvinid]

Actually bitcoin always experience such situation wherein even before. So don't fell and follow in your emotions because as long as you will stay holding the chance to regain all your losses is still in your hands.  So be patient instead of worrying because that's common now due to some whale's that always manipulate the market.. Control your emotions and never give up mate it will recover anytime soon. Just relax..

Frustration and market disappointments are really what we commonly feel when we suffered losses. No one could escape this thing, honestly. If we just give up and leave crypto, we have no chance to recover our losses but there is one thing that we need to look at ourselves if we can really do trading. Because some traders are pretending to be good and know what they did but the reality is that they don't have any knowledge about trading, only they just know the basics and this is not enough to make a good profit in here, but most likely it was just losses.

[DoublerHunter]

~snip~

Frustration and market disappointments are really what we commonly feel when we suffered losses. No one could escape this thing, honestly. If we just give up and leave crypto, we have no chance to recover our losses but there is one thing that we need to look at ourselves if we can really do trading. Because some traders are pretending to be good and know what they did but the reality is that they don't have any knowledge about trading, only they just know the basics and this is not enough to make a good profit in here, but most likely it was just losses.

^ This could what you have felt when you are always looking at the market price because you are always worried about the BTC price will drop.
You are always putting yourself into consciousness seeing the market was painted on a red color, that is why sooner or later you will think to sell your crypto-asset quickly. But after investing and you will forget for how many years, it could your profit was there, but probably you can do it since you will listen to the FUD.

[Serco]

Actually bitcoin always experience such situation wherein even before. So don't fell and follow in your emotions because as long as you will stay holding the chance to regain all your losses is still in your hands.  So be patient instead of worrying because that's common now due to some whale's that always manipulate the market.. Control your emotions and never give up mate it will recover anytime soon. Just relax..

market volatility could make our emotion uncontrolled and some of them will be panic when looking all cryptocurrency price drop alot. In few years ago we have been saw this market cycle but we didnt prepare our self to face it. Price will recovery its highest and even create new one , but it take time  and we have to patient waiting this moment come.

[jrrsparkles]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Either you have to get used to the condition which is the market is never going to be stable so we always have to ready to face the worse scenario when you wake up or you can implement strategies to minimize the losses for example if you don't want the Bitcoin price to fall below 10% then you can set stop loss then you may save lot of money from big losses or you will escape with minimal loss.

[wxa7115]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

If you are a trader I do not think this is something that you can truly do, traders live and die by the price of the assets they are trading, it is in their nature and I do not think this is ever going to change.

However if you are an investor you have a chance of doing this and probably the best way to do this is to have many other things in your life that you enjoy, if you have many hobbies that you like and family and friends that you enjoy being with then you can easily take off your mind from the markets and be able to resist the negative changes in the price without too much of a problem.

[Woodie]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

People that are mostly panic are traders, it is because they trade often.

People who usually trade tend to know market behavior and with time and experience this panic goes away. Imagine trading bitcoin for the first time and price is everywhere,  chances are you will open and close several trades before you settle for something, so am disputing this that those that trade oftenly are panic traders.

To not panic and have rest of mind, just be very calm and patient, wait for the price to dump, invest small, if the price continue to dump, invest more and like that. Some people will see dump price and invest all, that is very wrong. if you invest small, you will be able to invest more if the price dump the more. No matter what will happen, the price will later increase.

Rested mind and calmness is very vital when it comes to trading agreed.
But am Not sure if this is a strategy being described above but the best is to find something that works, if you the type that works well with ICT trading stick to that...if you use indicators use that just don't apply everything at once..

[el kaka22]

I do not get why people think that all the traders or investors think about bitcoin all day every day. Hell my job revolves around crypto and yet I do not think about bitcoin in my daily life a second, I get that some people may, but I do not do it and I just ignore it completely. If you ask me what the price of bitcoin is at midnight today I will not be able to answer you correctly, I know it right now because my job requires it but that's it, as soon as my job is over I end up going back to what I always do and ignore crypto all together.

I am sure 90% of the people I know are like that as well, we all care during the work hours and we try to invest and do stuff etc but at the end of the day we just go back to our TV and watch some netflix and fall asleep, that is about it. I do not even want to cook for dinner most nights, just order something because I just want to relax, and crypto is not relaxing me so I just ignore it completely.

[Ziskinberg]

I will say that I'm still good, sometimes I lose, and sometimes I'm in profit. But to tell you guys, you better check altcoins as base on my experience, they are more profitable than having Bitcoin for trade. Maybe, I encourage you not to focus only on Bitcoin alone, we are not investing that needs assurance but we are in trading, short-term trading is the best option. Although choosing not known projects for a trade is risky, you will just notice that this gives you huge gains possible if you got lucky and I have that kind of experience.

[Reid]

so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

I do this every time as long as I am awake especially when the price moves in thousands of dollars.
I can't let go of my eyes just looking at the monitor and most of the time it stresses my eyes where it blinks without my control.

Maybe it's some type of small panic. I am nervous that the market won't go as I want it or predicted to happen and afraid I might lose more than just my expectation. You can't stop it or let's say it will not be easy, for the volatility will stay.
What I do, try to get out of my house in just one moment, breathe some good air and relax. I mean, there is really nothing you can do with a market that no one can control.

[Distinctin]

~

Either you have to get used to the condition which is the market is never going to be stable so we always have to ready to face the worse scenario when you wake up or you can implement strategies to minimize the losses for example if you don't want the Bitcoin price to fall below 10% then you can set stop loss then you may save lot of money from big losses or you will escape with minimal loss.

I think that will be the last option, because if we can still manage to hold for a while much better than doing stop loss.

We can't really hide our fear and we can feel it naturally. But, we should consider the situation where the market is not stable and probably we know that already since from the start. It was not the market will do the favor for us but instead, we are the ones to make some adjustments just to cope up with the tragic changes.

[semobo]

If you want to be a bitcoin trader then adapt the behaviour of bitcoin, don't simply learn about trading like stocks and forex then enter into the cryptocurrency trading because both are completely different level of volatilness. The goal is to make money but you can't keep making no matter how good your analyzing skill is...

[michellee]

If you want to be a bitcoin trader then adapt the behaviour of bitcoin, don't simply learn about trading like stocks and forex then enter into the cryptocurrency trading because both are completely different level of volatilness. The goal is to make money but you can't keep making no matter how good your analyzing skill is...

Forex trading and bitcoin trading will not be the same but maybe some forex trading indicator can be applied to bitcoin trading but I do not know which one. If you are interested in bitcoin trading, maybe searching for a bitcoin trading lesson will help you understand that. The more you can learn about bitcoin trading, the more you will have a chance to make a profit. But it is not easy to learn bitcoin trading as you need to spend some time to learn and experience that you will get from every trading that you do.

[CryptopreneurBrainboss]

What will you do so as not to burden your mind with bitcoin price fluctuation?

For traders that'll be very difficult since it'll be very difficult to stay off the monitor but maybe this might help. Understanding that the market works in phase would help reduce the burden knowing fully well that the market won't stay long forever. It'll surely bounce back one day and turn your losses into profit.

Now if your trades are in losses and provided you tried trading some genuine like Bitcoin and not the worthless shitcoin out there then you can turn your intended trade into and investment and hold until your coins untill the market picks up the bullish momentum back.

Don't be in a rush to sell, which is why if you're picking coins to trade, stay off the hyped projects and trade project that if things don't go your way you can end up holding the coins instead of quickly selling at loss in order not to loss all your invested capital.

[markdario112616]

-snip

isn't both are connected ? you won't get a peace of mind of thinking how can you make more money .
if we want a peace of mind we need to live simple . Having a lesser source to get an income would be enough but make sure it was stable .
we can still do crypto trade on the side but let's make things easy and less serious.

This is one of the main reasons, why emotion should be separated in trading. In trading, One must leave this emotion behind and use only the available information gathered.

And to disagree about "if we want a peace of mind we need to live simple", We deserve everything good in our life. Why would you limit your opportunity by not sticking with the principle of having peace of mind, especially that you are talking about Cryptos? That's why you have to engage in the crypto world in the first place, to have another source of Income.

Next point, Having a lesser source to get an income. I find this funny to be honest, A lesser income but stable? At this point in time, the fact that cost of living is much higher than usual. Why would you settle for less? Nothing is stable right now, and that's a fact. We are in a time of uncertainty, in which we might lose everything the next day. Isn't that much for a piece of mind?

If you are into money and opportunity one must take it seriously or much better smartly. Last, Crypto isn't that easy as plug and play.

[sana54210]

so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

I do this every time as long as I am awake especially when the price moves in thousands of dollars.
I can't let go of my eyes just looking at the monitor and most of the time it stresses my eyes where it blinks without my control.

Maybe it's some type of small panic. I am nervous that the market won't go as I want it or predicted to happen and afraid I might lose more than just my expectation. You can't stop it or let's say it will not be easy, for the volatility will stay.
What I do, try to get out of my house in just one moment, breathe some good air and relax. I mean, there is really nothing you can do with a market that no one can control.

You should definitely try to relax more often because crypto would cause you to have health problems if you keep this up, normally I would not suggest something like this to people but the reality is that bitcoin is not something that you should do as a life style, not for anyone, it is not a life style it is a currency, nobody goes checks their dollar constantly unless they are scrooge mcduck and I would advise the same for bitcoin as well. Just focus on what you can do and that is going to be enough.

I personally believe that the best way to handle this would be to gain a hobby, if you have a hobby then you could make a profit from crypto while also keeping your sanity as well. Also in order to stop looking at it, just buy and hold and do nothing else, it would allow you to gain profit in the long term anyway and you wouldn't have to worry about it.

[teosanru]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

We know that the price of bitcoin is never stable and very volatile. When we are involved in the market and have invested most of the money, it is almost impossible for us to just leave it without paying attention to the price on a regular basis. Bitcoin price fluctuation affect trader more or less psychologically, so it is true that there is an unknown mind burden in it that make it difficult for us not to stare at the monitor, especially when price are dump.

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

I always advise a few things to newbie traders or traders who are unable to find the right path in their trading. Actually, the truth is that most of the traders are directionless they don't know why are they in the market. The simple answer of "making money" isn't really a valid answer. What you should actually have with you is a plan. A plan on how will you grow your wealth in trading and how much you want to grow it? The moment you set your expectation from the market and then you start to trade you will know that what is the peace point for you. Just make that much and let the market burn or fly to peak you don't care. This is the only way to be peaceful in trading. Also, be ready to take a loss too and define this loss percentage too. Just like any other business this business too, comes with certain inherent risks. Accept the risk and be ready to face a loss.

1. Make sure you define what you are ready to lose which will not disturb your mental peace.
2. Make sure you know how much is the maximum you want to earn, Remember there is no endpoint to your greed so set a realistic expectation.
3. Get out of the market for a certain period immediately after you either make it or lose it.

These are secret mantras that can help anyone stay peaceful along with trading too. Also if someone is still holding a position from 47% ATH until now, he isn't really a trader he is just a person who thought he is a trader but now he is a long-term investor.

[TheUltraElite]

What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

Firstly those people who tend to check prices every few seconds, should stop trading because it is not for them, simply put.

Secondly, there are a few steps one can take to both prevent and approach such situations.

Preventive measures are :
1. Not putting all your money into crypto. Keep dividing your investments into fiat markets and crypto markets. That way when one falls you can still rely on the other to be able to be in profit.
2. Understand the concept and bull and bear cycles and accept them as part of the game.
3. Crypto is a wild west, unregulated by anybody. So it will swing like crazy over time. Stop putting in altcoins.

How to approach seeing a low price?
Simple, dont see it. You can either have bought at all time high or sold at low - either of which will lead to despair. If you have not done either, then you dont have anything to worry about. What this means is that for hodlers prices swings dont matter much. For newbies who are FOMO into price, they will suffer more.

[tvplus006]

...What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

The psychology of most people is similar, so if you did not sell your coins at a high price, you will always remember the lost profit that you lost. Obviously, when a trader becomes more experienced and responds to market changes in time, he will not make such mistakes that lead to a decrease in the deposit.

[Sterbens]

"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way". This is a quote that I think can inspire us as people who spend almost all of their time trying to make as much money as possible by trading or other jobs else online or offline. The above quote is from the famous actor Chow-yun-fat that I found online.

and it will be even simpler, only one answer is "just live it as it is, when you try and it doesn't match your expectations, then come back to realize the level of ability you have" all experience ups and downs, indeed and lose, loss and gain. run in its cycle, and let it flow like water.
if you compare Chow-yun-fat philosophical thinking, then I think the perfect match is the TAO point of view.

[taufik123]

...What will you do so as not to burden your mind with bitcoin price fluctuation? We all know that currently the price of bitcoin has fallen by as much as 47% from ATH.

The psychology of most people is similar, so if you did not sell your coins at a high price, you will always remember the lost profit that you lost. Obviously, when a trader becomes more experienced and responds to market changes in time, he will not make such mistakes that lead to a decrease in the deposit.

Lost profits will always be calculated when selling at prices that are not on target. But it is better to reduce profits than losses. Psychology will be very played when prices fluctuate.
The most important thing is to stay profitable and satisfied with the profits. Do it repeatedly even though the profit is small.

[skarais]

After I tried to read your answers one by one in the thread, then I can conclude that traders do not need to always think about the price so that it can make his mind confused. It is also not always not to panic when the price become a dump while we expect a profit from the investment. I've gotten a few post that I find useful enough for a trader to consider keeping his mindset in trading to send him merit. Maybe we can teach the best to others, while we ourselves are quite difficult to handle on our own. So thanks to everyone who has provided the best information and advice.

Thread is locked now.