The Psychology of Investing in Bitcoin

[The Cryptovator]

The psychology behind Bitcoin is to somehow make money. So how do you make money, It depends on how you treat your bitcoin. If there weren't a chance to earn money through Bitcoin investment, then no one would play with that. So this is the only psychology behind investing in Bitcoin. You may earn by holding and trading as well. Based on your experience, you have to handle your bitcoin in order to make money. Otherwise, you might be a loser.

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[carlfebz2]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

#Feeling FOMO- Normal when the price is really that shooting up into the moon
#Feeling panicked?- Usually when the market is really that on extreme bearish situation or the market is on this state
#Feeling for the thrill?- I dont think so, since this isnt gambling or some sort of entertainment

Once you do step your foot into this market then you should really be that making yourself at least aware about those roller coaster ride like into this market on which we know
that this is that in default thing on which we cant really be able to call it a market in the first place if it would really be just having a single path to take whether
going upwards totally or downwards. People wont really be making money without those movements and this is why people would really be that interested on it
and the level of volatility on which you cant be able to find into those traditional markets.

[Wakate]

The psychology behind Bitcoin is to somehow make money. So how do you make money, It depends on how you treat your bitcoin. If there weren't a chance to earn money through Bitcoin investment, then no one would play with that. So this is the only psychology behind investing in Bitcoin. You may earn by holding and trading as well. Based on your experience, you have to handle your bitcoin in order to make money. Otherwise, you might be a loser.

Just like you have explained, the reason why we keep seeing investing trying to buy and hold Bitcoin is because of the future profits that could be made from it. People see Bitcoin as investment that's why we will keep seeing more investors with time. Making money has now become easier and we don't have to go looking for how to create our own business to earn from it.

 We can always buy and hold waiting for the price of Bitcoin to go up before we ever think of selling to keep the profit for another opportunity. Once we understand the market pattern and how Bitcoin moves, making profits from the market should not be a problem for us. The psychology of investing in Bitcoin is to get profit return to enable us invest another time looking for other opportunities.

[Assface16678]

That's why investing in bitcoin is not for weak-hearted people or those who cannot handle their mental and emotional health because bitcoin can be stressful and cause anxiety from what is happening in the market. That's the reason many new investors end up quitting bitcoin because of the effects they experience. But for me, I like the feeling of doing bitcoin investment, especially in trading. Yes, it can be very stressful, but I cope and end up enjoying trading and holding. I also like fulfilment when you win a trade. That's why I'm addicted to crypto-related stuff, and it's solely for the sake of earning a lot of money. I don't know, maybe just for me, but for me, that is the reason why I do crypto stuff and overcome the effects of it that could cause humans to go insane. Cryptocurrency is no joke; one wrong move and it will cost you something.

[Lorence.xD]

What are your thoughts on this ~ Let's discuss

Is it because of Bitcoin or is it because money is involved which is why we are affected by every pump and dump on its price. However if it is psychology of the market,  view it more as with FOMOs and manipulation. Bigger investors have the upper hand with manipulation of prices. And with news suddenly spreading, it triggers investors to create an action either selling out of nervousness or buying because of FOMO. It is easy to tell how things are really doing behind every actions of each investors. There's even a saying of "Buy the rumors, sell the news" in this industry as well.

The psychology behind Bitcoin is to somehow make money. So how do you make money, It depends on how you treat your bitcoin. If there weren't a chance to earn money through Bitcoin investment, then no one would play with that. So this is the only psychology behind investing in Bitcoin. You may earn by holding and trading as well. Based on your experience, you have to handle your bitcoin in order to make money. Otherwise, you might be a loser.

Somewhat correct but it is not only between trading and holding, there are other ways which is staking and re-investing to projects which has potential. People who invested are more likely expecting and assuming profit but that's a normal thing. Psychology on the other hand is more with actions of investors in every increase and decline; to how will they react and will their actions be justifiable or just driven by their reasons.

Given how volatility works on its price then a mix of emotions will be always expected in the market in general.

[Darker45]

The feelings were strong when I was a newbie. I was easily swayed by Bitcoin's volatility. It was perhaps the reason why I wanted to try trading. The price was constantly changing all the time, and significantly at that. It was as if I had to react every time I check on the charts. And I had to do the checking almost every minute of the day. And then there were the worst of the bear seasons and the best of the bull runs where you only want to sell what you have, either due to panic or the fear that the price might fall the next day.

Fast forward several years later and there seems to be no sensation left. When you've been through all it all, whatever comes isn't that surprising anymore. You just look forward to the future.

[famososMuertos]

Well... bitcoin is an investment, it is a payment method, it is an alternative to the conventional way of controlling our money, etc.  so It can be many things depending look on the users.

There are no "segmented" psychologies on bitcoin, I read it in days past, psychology becomes suspicious in certain activities according to how you face various situations, so, if you have a certain life experience, business experience and solid knowledge, you simply to buy, sell or hodl.

[boty]

That's why investing in bitcoin is not for weak-hearted people or those who cannot handle their mental and emotional health because bitcoin can be stressful and cause anxiety from what is happening in the market. That's the reason many new investors end up quitting bitcoin because of the effects they experience. But for me, I like the feeling of doing bitcoin investment, especially in trading. Yes, it can be very stressful, but I cope and end up enjoying trading and holding. I also like fulfilment when you win a trade. That's why I'm addicted to crypto-related stuff, and it's solely for the sake of earning a lot of money. I don't know, maybe just for me, but for me, that is the reason why I do crypto stuff and overcome the effects of it that could cause humans to go insane. Cryptocurrency is no joke; one wrong move and it will cost you something.

If we are not able to control our emotions when we see the prices on the market then it is very unlikely that we will be able to maintain this and it will not be possible for us to get a profit from the investment we make, because after we see price changes that are very different from what we have previously said, if we buy then we will panic and sell at a loss and those who stop when they experience this are mostly those who are not able to understand Bitcoin well and if they can learn what they are doing so they fail I think they will be able to make a profit when restarting it.

If you can trade well, I think you are very good at managing yourself when trading because if we can't control ourselves and analyze the market well, it will be very difficult to trade well. Yes, crypto is not a joke. Anyone can play it, it requires good understanding and we also have to be very careful in doing it if we don't want to lose the money we have because of a lack of knowledge about crypto.

[Kemarit]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

I guess it's pretty obvious by now, the psychology of investing and then HODLing = earning profits in the future. There's no better thing that having the mentality that all he hard work (DCA for a long time), will be rewarded sooner. But in the beginning, it will be a big challenge for newbie on how to accumulate and stack sats and seeing your portfolio going down, but might be tough. But if you have experience those ups and downs and still being resilient, then I think you are not a true BTC holder.

And it's interesting to mentioned as well Fear of Missing Out (FOMO). This is also a psychological phenomenon magnified in Bitcoin market. If you can fight it out and not be influence by it and just HODL on your positions, I think you will be good in the end.

[bayu7adi]

Charts and numbers are the result of the progress achieved by Bitcoin. It is a reflection of the condition of Bitcoin itself, that even in the investment world, very few people are happy to suffer losses for the sake of many people's profits. If there are people who only come because of money, that is not a mistake, because everyone has their own goals in utilizing technology. And money is one common goal.

There may also be those who care about technology and development for mass adoption, and frankly these people are very rare. Retail investors have the ability to choose, while institutional investors have the ability to drive through more technical means and are not directly related to charts and prices.

[Julien_Olynpic]

I've always said that a sharp rise or (especially) a sharp decline in Bitcoin is such a significant thing that it almost always causes strong emotions among Bitcoin holders. Or even if you are looking from the outside looking in at the growth of Bitcoin, which is happening without you, it is difficult for you to avoid very strong FOMO. Such strong emotions sometimes force a person to make hasty decisions. These are decisions that do not stem from his own trading system and are based, so to speak, on herd mentality or herd reflex. This is what makes a trader break discipline. In this case, it is most difficult for beginners. But over time, we develop some life hacks to look at the price rollercoaster with a calmer eye.

[Nothingtodo]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

Bitcoin is a safe and predictable investment if done at the right time especially when the market is in a large collection and if there is an opportunity to sell at the highest ATH then a good quality profit is guaranteed. Especially I always expect a good market from the psychological point of view and a good profit in that market is definitely psychologically satisfied.

[pinggoki]

I've always said that a sharp rise or (especially) a sharp decline in Bitcoin is such a significant thing that it almost always causes strong emotions among Bitcoin holders. Or even if you are looking from the outside looking in at the growth of Bitcoin, which is happening without you, it is difficult for you to avoid very strong FOMO. Such strong emotions sometimes force a person to make hasty decisions. These are decisions that do not stem from his own trading system and are based, so to speak, on herd mentality or herd reflex. This is what makes a trader break discipline. In this case, it is most difficult for beginners. But over time, we develop some life hacks to look at the price rollercoaster with a calmer eye.

That's why you need to trick yourself into thinking otherwise, if you can find a way to make it so you're not FOMOing like if you're missing out, just lie to yourself that it's going to go down quickly and it will eventually go to a point where everyone will panic sell, just tell the opposite of what you're feeling at that time and you're going to get the relief from that recent panic or better yet if you want to really not feel that constant anxiety of investing in a volatile market like bitcoin, why not just do it my way of hodling: I buy bitcoin, I store it somewhere and then leave it there to be forgotten and not check the prices constantly, delete all the price checking apps and newsletters and only get my bitcoin price news here in the forum and so far I'm constantly chill with my investment no matter what's happening to the market. Also, it's a pretty big help too if you have a concrete price goal for your investment like what price you're going to sell your bitcoin investment or when you want to sell it, that way your only problem with is the temptation to sell which is easily staved off by discipline.

[fuguebtc]

And for a privacy supporter like me I just realized this recently that im more into Bitcoin because of its privacy and freedom, I don't like being controlled so I chose to be free with my finance with the help of Bitcoin.

Is this right? Because I see most people always talk about privacy, freedom and that's the main reason for them to choose bitcoin. But meanwhile, most people just talk about bitcoin's volatility and price on a daily basis. It doesn't stop there, the majority are using bitcoin as an investment and people are using centralized exchanges to buy and sell bitcoins. Most of us are here for profit, few of us are here for technology or privacy if bitcoin is not profitable. We don't need to deny our true purpose when choosing bitcoin.

[Blitzboy]

There are other reasons besides money that we like Bitcoin. Assembling with a movement that questions the present and envisions a future where everyone is financially free is very important. Supports a system that will change the way money works in the digital world. Insights, technology, and the thrill of navigating uncharted financial seas are all things that interests me.

The reasons I support Bitcoin go beyond its short-term rewards. For a decentralized, fair, and open financial system, my idea is a place where people can be creative, start new things, and feel hopeful. Bitcoin is important not only because of its market price, but also because it promises to lower the barriers to entry for money and give people around the world more power. Please remember that Bitcoin is a step toward a future where everyone has the right to be financially independent.

[MinoRaiola]

Highs and lows, yes I have seen that many times and we will see the next highs this year. And why do we have bitcoin because we dont trust the fiat system? Or because we trust bitcoin more... possible. I dont buy bitcoin, I sold fiat to have bitcoin. I think that says it well. I like to have a currency with value other than FIAT money that can be reprinted at will and takes with my value of money every day. You can call that an investement, maybe yes, but it is not 100% just investing, maybe we want to move something else with bitcoin.

[LogitechMouse]

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive?

Rush? Sinking feeling? What's that feeling? I don't feel that anymore.
Kidding aside, it already came to a point where I don't care about the price of Bitcoin.
- I saw Bitcoin plunged from $8,000 down to $4,000 in 2020 when we went into a pandemic, but I didn't felt anything aside from disappointment that I didn't have spare money at that time.
- I also saw Bitcoin went up from around 4-digit price back in August of 2017 to near $20,000 of the same year, but I didn't felt anything because I'm a newbie.
- I also saw Bitcoin went down in years 2018, and 2022, but I didn't felt anything, and instead, I grabbed the opportunity to buy more of it.
- I also saw Bitcoin's price going up to as high as ~$69,000 a few years ago, but I didn't felt anything but disappointment as well because I didn't sold all of my assets back then.

I'm already emotionless when it comes to investing in cryptocurrency. What matters to me now is my selling price targets, and my strategies.

Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill?

I'm in for profits mainly, but I'll support the technology as well.

[Zigabel]

Well Hello from the other side ~

Ever felt that rush when Bitcoin hits a new high? Or the sinking feeling when it takes a nosedive? Let's talk about the rollercoaster ride that is Bitcoin investing.Are we in it for the tech, the profits, or just the thrill? Whether you're a HODLer for life or a day-trading.Let's dissect the highs, the lows, and everything in between. After all, the Bitcoin market isn't just about charts and numbers.

What are your thoughts on this ~ Let's discuss

The rush, the feel and the excitement maybe is usually common amongst newbies. Investing or trading in Bitcoin definitely means you expecting a rerun at the end of the day so whenever it comes it should be normal because that's actually The reason you even started so it shouldn't excite you or even create rush especially if you have been on the Bitcoin market long enough and as an old timer with Bitcoin, it's very normal for you to aswell know the risk involved and get used to it and all these will help reduce the rush and excitement and help you make better decisions in the market as at when needed.

Basically most persons hodling or trading Bitcoin are in for the profit, the tech and all other are secondary,  the drive and desire to stay afloat and continue with Bitcoin comes mostly form the profitablity then the tech benefits and others follows.

[OcTradism]

I guess it's pretty obvious by now, the psychology of investing and then HODLing = earning profits in the future. There's no better thing that having the mentality that all he hard work (DCA for a long time), will be rewarded sooner.

Doing DCA is good for investment and it is helpful to be affected by many news, fud on the market. It's a good start but to succeed, it is not enough.

But in the beginning, it will be a big challenge for newbie on how to accumulate and stack sats and seeing your portfolio going down, but might be tough. But if you have experience those ups and downs and still being resilient, then I think you are not a true BTC holder.

Newbies can actually practice DCA for their investment but they can fail because they don't know how to exit the market. Take profit is not easy because in a bull run, many people will over predict Bitcoin price, its all time high and newbies will be abundant with such price speculations. They will fail to make decisions to take profit and will stuck in a bear market.

The psychology behind Bitcoin is to somehow make money. So how do you make money, It depends on how you treat your bitcoin. If there weren't a chance to earn money through Bitcoin investment, then no one would play with that. So this is the only psychology behind investing in Bitcoin. You may earn by holding and trading as well. Based on your experience, you have to handle your bitcoin in order to make money. Otherwise, you might be a loser.

People join this market to earn money. They can have it from investment, trading but gaining profit (money) is their targets that are very understandable.

Investment has risk, not only chance to gain profit and people must understand that there is always risk with investment, not only in Bitcoin. When they know about risk, they will have appropriate investment strategies that must match with their financial status and capital source.

[Benedictare]

Investing in Bitcoin is high in emotions and likely to change
☺️Greed,Fomo and fear can a person think ,when you invest in Bitcoin, it is difficult to control your emotions and having reason to understand and give strength and support to a person.
The reason why we invest in Bitcoin is for it's potential growth and to make more money,also Bitcoin is more transparent on speed and transaction, accepting digital currency in a lot of places and one merit over the high returns on your investment,broad adoption,store value ,proven track records which will make the future to rely on it.