Question for bitcoin traders !!!

[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

[1714044736]

1714044736

[1714044736]

1714044736

[1714044736]

1714044736

[1714044736]

1714044736

[1714044736]

1714044736

[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