Do you also panic when bitcoin price falls more than 10-20% in a day ?

[krishnaverma]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

[Oshosondy]

I invested small amount of bitcoin and I have started another DCA. If the price continues to fall, it would be a profit for me later as it is giving me another opportunity to invest in bitcoin at a lower price.

Bitcoin fall but I do not really see much loss as it would have been with altcoins.

[Wapfika]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

Nope. You will only panicked if you placed a position on futures trading your SL or liquidation will surely hit in case the direction is against your position while I never placed a position on futures trading.

Futures trading is already gambling on this volatile market. I preferred to trade only with spot and use the casino to play real gambling which I enjoy rather than opening a risky which I don’t get entertained while they are both considered as gambling already.

[Plaguedeath]

In a day? it's really rare to happen Bitcoin price falls 10%-20% in a day, I would panic, but I wouldn't sell my coins.

But, I've thinking to sell my coins during bull run, so I will hold stable coin and then buy Bitcoin at the bottom, so when Bitcoin price falls more than 10%-20%, I wouldn't panic as I didn't hold Bitcoin at that time.

In order to control the feeling, make sure you only invest what you can afford to lose and you know the reason behind why you hold Bitcoin.

[Pandorak]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

I'm not one of those people, a sharp drop means another entry position (if i still have money allocated for investment), a sharp drop will only impact traders and not investors, because they need balance to continue doing their daily trading.



The rainbow chart can be a real reference for continuing to hold our bitcoin without having doubt how our bitcoin portfolio will perform in the future. And if a sharp decline occurs in bitcoin and it ruins your days, to control your feelings, you don't need to think about it and don't need to keep looking at the market, it's better to go to real world activities that you enjoy, bitcoin has proven that it able to recover (although it takes quite a long time).

[Felicity_Tide]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

Why panic so much when the price is still going to move up?. Except you are a trader or a short term investor that wants to take profit within a specific time.

For a long term investor who is hodling for long, then a decline in price shouldn't cause panic in anyway, as they are after the future price and not the current.

My plans are clearly for the future, I don't know about you.

[tranthidung]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ?

Newbies are more sensitive and vulnerable to Bitcoin falls, drawbacks, crashes because they don't understand about the market cycle exclusively psychology cycle, and mostly don't have good strategies for their investments. Many of them even don't actually have plan for investment, just for speculation and want to join a Get Rich Quick Game.

Or you are no longer affected by such price drops and continue to invest on each dip ?

More experienced participants in the market will be less affected because they used to be newbies and felt panic many times but years and cycles later, they look back and see how naive and stupid they were in the past. Knowledge and experience are keys for experienced people to have diamond hands.

Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

Three of my topics can help

• Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you
• DCA vs Smart DCA, what do you choose?
• Bitcoin price history, ATHs and bottoms. It includes bull market drawdowns that are enough to create fear and panic.
  
  • https://checkonchain.com/btconchain/technical/technical_drawdowns_bull/technical_drawdowns_bull_light.html
  • https://studio.glassnode.com/workbench/bf532ce2-a66b-4798-6deb-bf3ba7decc59
  • https://cryptoquant.com/community/dashboard/650de954ca432c72d6ef82b1.

[Ruttoshi]

I don't panic when the price of bitcoin dips because the price will not keep pumping but will also dip. I am new to the market but with the little experience that I have in the market, price dip is an opportunity to buy bitcoin in discount price.

I have not reached my bitcoin target and I am a low coiner which makes me always DCA weekly. The dip is good for me because it increases my portfolio faster. I am hodling my bitcoin and will not sell soon which makes me ignore the market movement.

[Katherine_Alicia]

I only panic when the price goes down and I`v got no cash to buy some more

[PX-Z]

You should only panic if you sell your holdings when bitcoin dips as -20% then bitcoin price increase after because it is considered as loss.

It's okay to be frustrated at the price but as long as you didnt sold your holdings you shouldn't go panic and it shouldn't be considered as loss.

[Findingnemo]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

Honestly speaking I used to be, but years passed now I got used to it so even if the price dumps 10 or 20% it does nothing and when such incidents happens I don't look into my portfolio tracker and you can also follow it because that's what frustrates us, so avoiding gives us the space we needed that time.

And for long term holders such dumps are profitable because they will just look in the situation as 10 or 20% discount on the original price.

[Z_MBFM]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

Bitcoin price has been dumped from ATH several times like in 2017 after first ATH at $20k it dropped back to $3200 and again made a new ATH at $68k but then again Bitcoin price came down to $15k. So when the price of Bitcoin drops by 15-20% it can definitely cause panic. Because it has been seen that Bitcoin has been dumped a few times before but it recovers again. However, if the price is high and Bitcoin can be sold and bought again at the dip, then during the next ATH, a lot of profit is available. For this reason, it is normal to feel some fear when the price of Bitcoin starts to decrease significantly.

[avikz]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

I actually rejoice when I see such kind of drops in Bitcoin price.  10-20% drop means the Bitcoin is available to buy at 10-20% discounted rate. So I try to buy Bitcoins in small amounts during search drops. If you have faith in any asset class and you are thinking of staying invested for longer term, such drops are actually great opportunities to lower your buying price. Typical DCA!

But if you have entered the market at ATH, then it's bad for heart.

[DubemIfedigbo001]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

This is more like asking us are we still human, or have we evolved into robots. Of course its natural to feel some sort of disappointment when you see your portfolio go down in value. I only encourage myself with bitcoin proven track record of bull runs. Beyond seeing it ass an opportunity to increase your portfolio, Every Investor now is in great expectation of the bull run and don't feel too happy when the prices keep going down.

The good thing is that we've seen it before and we're convinced that the season is on the way. That singular hope keeps is optimistic and encourages us to BUY AT THE DIP AND HODL until the bull run comes around and we smile.

it would be a profit for me later as it is giving me another opportunity to invest in bitcoin at a lower price..

Definitely, we all need to accumulate as much as we can before the bull run arrives, that's the only way to making  profits as investors

[Jawhead999]

10%-20% is big, but since I've hold Bitcoin since 2019 and didn't sell during Covid pandemic, I would say that I'm not panic because I trust in Bitcoin.

As long as you invest what you can afford to lose, I think you will not panic even though Bitcoin price falls really big. Invest is for long term prospect, even though there would be many moments could make you in doubt, as long as you hold your coins, I'm sure you will not regret.

[Blitzboy]

Big drops happen. They can even make the most experienced investors a little queasy. But if you did your homework, this is nothing new. When Bitcoin was worth about $30000, I made my investment. And I have my eyes fixed on the $120,000 (maybe more) prize. That is the long term strategy. So when these little dips happen? They're just bumps in the road.

Dont bet the farm on Bitcoin. Diversify. Spread that risk around. And dont check your portfolio every five minutes. It should be done once a month. Every small fluctuation on the charts should not terrify you.

Everyone takes losses. Even the big guys. Its part of the game. But the winners? They calm down. They follow the plan. They pick up lessons via their errors. And they are aware of this: the money is not everything. Its about having the guts to stick with it. Its about being smarter than the market.

[tranthidung]

10%-20% is big, but since I've hold Bitcoin since 2019 and didn't sell during Covid pandemic, I would say that I'm not panic because I trust in Bitcoin.

If you have been in this market in 2019, you have have reacted panic in 2020 with March crash because of Covid-19 pandemic announcement from WHO. It's very challenging and stressful for newbies to don't panic sell at that moment.

You succeeded to hold your bitcoin because you joined this market earlier than 2019, that's true.

As long as you invest what you can afford to lose, I think you will not panic even though Bitcoin price falls really big.

If they started not with this mindset, they will not be ready for market volatility and will be most favorite targets of market makers. Less prepared means more easily to feel fearful and panic sell as expected by market makers when they release fud news.

Invest is for long term prospect, even though there would be many moments could make you in doubt, as long as you hold your coins, I'm sure you will not regret.

ROI from Bitcoin investment in long term is very good and it has been proven since 2009.
https://casebitcoin.com/

[kryptqnick]

I was worried about the price in 2018 and 2019, but I eventually got used to the bear markets, and Bitcoin recovering from the 2018 fall and establishing a new ATH in 2021 made me confident enough in Bitcoin in the long run. So, no, since that time, I have not been concerned with the price dynamics. I know that Bitcoin is volatile; that's how it works when the currency has no regulated price or monetary policies. Volatility is also not bad per se, as it gives traders opportunities. As for long-term holders, it is irrelevant to them, and it teaches a good lesson: patience.

[OrangeII]

Well, that should be a normal thing, but this will cause the price effect on other altcoins to decrease as well. However, with conditions like this, we need to really think about what steps we need to take. For people who believe in the potential of the coin, I think they still won't panic, and will probably make another purchase. Meanwhile, those who panic may sell or make hasty decisions. Personally, I will probably continue to hold the assets I own, but it all depends on what information makes the price of bitcoin go down.

[Y3shot]

Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

Only those don't understand bitcoin very well that will be worried when the price of bitcoin is going down. When the price of bitcoin is going down it is better to just hodl because selling out the bitcoin can be at lose but while still hodling it is possible to recover your money back when the price increases again.  I have understand the market very well which I don't need to be panic when the price drop. Those who are fraid when the market drop is either they do not understand the market or they are trying to make money quick from their investment.