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

[Die_empty]

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 ?

During my early days of investing in Bitcoin, I am always looking at the price movements. But it became clear to me that you don't need this daily monitoring if you have the intention of keeping your coin for a long time. So I have learned to overlook the daily price because it will always go up and down. This is why using the DCA method to purchase your coin is the most appropriate because you take advantage of the drop.

To a large extent, Bitcoin is predictable so there is no need to be scared when the price goes down because we are aware that the price will always go up at the appropriate time. So the best option will be to plan how you want to invest so that you don't sell your coin below the price you bought. You should always invest what you can afford to live without and ensure you have an emergency fund that will help you keep your funds no matter the financial pressure. There is no need to fret because Bitcoin has not failed to rise during the bull run.

[Stepstowealth]

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...

I used to panic earlier, but I later due to being a member in this forum stopped panicking because I took advantage on the experience of people in this forum that it was a normal thing. People who still panic are new people who are mostly not members of any community where people encourage each other.

To a large extent, Bitcoin is predictable so there is no need to be scared when the price goes down because we are aware that the price will always go up at the appropriate time.

We are used to the market, that is why we are confident from experience.

[Potato Chips]

It ultimately depends on how much you believe in bitcoin. For instance, I strongly speculate it's just a matter of time before we reach the 6 dight mark in price so I have kept some sats I'm hodling for long term.

Further, I have my savings+emergency funds+other investments hence I do think I can afford to take in more risk. I believe I have managed my risk appetite well so I don't feel like I'm one step away from eating canned goods for a year or something lol.

[Silberman]

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 ?

Like everything else, the only way to achieve this is with practice, several years ago when I was just starting out I was severely affected by those kind of movements and I got worried about bitcoin and my investment all the time, but as I learned more about this market and how it moves, I got used to it and so far I have survived two bear markets, with the crypto winter of 2018 being specially harsh, so whenever the market moves down and I see others which are just like me back then, I can understand their worries but given enough time they will learn just as I did.

[JoyMarsha]

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.

I don't think newbies understand that. They always have this belief that once the amount of bitcoin they held in their portfolio is at a loss, they won't recover it back which will put them in a panic mood, forgetting that they only lose if they sell, but so longer as they choose to hodl long, they will end up to be at profits afterward.

Newbies mentality has to change on that aspect. We need to let them know that they shouldn't just focus on the downtrend of bitcoin because it will surely come up in price.

[serjent05]

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

This kind of Bitcoin market price dip is not new to me anymore.  I have witnessed several events like this but Bitcoin is able to recover the price and eventually rally to new heights.  If Bitcoin don't have the rebound capability then we won't see Bitcoin at its current price.  We just need to believe on the Bitcoin market while keeping ourselves updated on the Bitcoin events.

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

I have trust on the Bitcoin market so this kind of drops does not affect me anymore.  Besides I am looking on the Bitcoin's long run performance since Bitcoin is not a sprint, it is a marathon.

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

Have trust in the Bitcoin market and don't be short-sighted.  Bitcoin had performed well in its years despite of being highly volatile.  If one has target price in mind, just have patience and that target price as long as realistic will come true.

[Antotena]

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 can't remember the last time Bitcoin plunge and do 10-20% in a day, it did 9% during the volatile days of Bitcoin halving but we all understood that during those Bitcoin, it can be very volatile with + or - some percent, it's normal. However, when you understand the nature of Bitcoin and knows how volatile it has been in the past, you don't have anything to worry about because that's how Bitcoin really does. It can give you -5% today and gives you +20% later, that's how it works.


The time you bought Bitcoin is really important, if you buy at the top, you should expect such kind of decline in price because after Bitcoin must have pump, there must be a healthy connection and the worst that can happen about it is getting like 50%, so if you bought Bitcoin at the top then you should really be prepare for dump but doing dollar cost average will help you achieve a lot if you buy more as the price goes down.

[red4slash]

Not assuming that someone does not panic when their money shrinks is quite naive because after all it is the nature of humans who will always experience panic in some unfavorable conditions for themselves. as well as for investors who are in bitcoin because panic must exist and it is a natural thing as a form of expression that we have. But in the end what distinguishes this is how capable you are of mastering yourself (controlling yourself) so that the situation does not get worse for the future because the category of panic will clearly be different considering that there are those who panic and sell even though they experience losses and there are also those who do panic but try to keep their emotions under control and think calmly.

Those who have been in bitcoin for several years may have experienced conditions where bitcoin has decreased even more than 50 percent in the past few years but in the end when their hands were strong and managed to control themselves well they could master the panic they had until now it indicates that panic is still there but it depends on how our attitude is in minimizing the panic.

[bluebit25]

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 think accepting every situation that happens from the beginning to have a comfortable mentality. Normally we all want good things to happen in life and the convenience we want in investment is the key grow with profits. But let's be realistic that life has billions of problems that we face every day, like accidentally walking on the road and a drunk driver hits you. So stay calm even when you know you will eventually die, be mindful of each moment in life, I think in the crypto space we are susceptible to emotional manipulation of prices somewhat because it's actually linked too much to current life. If you haven't identified it as a leisurely, strategic, speculative, risky investment... then your psychology will always be disturbed by unexpected situations. So be honest with yourself, you have to learn many other things.

[taufik123]

It's been 8 years since I first learned about the crypto world and no longer panic with a 10%-20% drop, it's normal and not extreme enough.
I once experienced a 90% decline in my portfolio, and it was an amazing experience because of the decline that almost made me panic and sell cheaply.

But I held on until the bullrun came back.
The need to do management will be very useful when a bear market has come in and buybacks can be done so that there will be no more panic.

A decline like now will train trading emotions so as not to be too rash and panicked to sell.
Make sure everything goes according to plan and the decline is an opportunity to accumulate the crypto assets we have.
The more we buy when the bullrun is down, the more profit will be obtained when the bullrun arrives.

[ginsan]

No need to panic buddy, the decline in the price of bitcoin is part of this market volatility we often go through where the price of bitcoin drops by more than 50% during the bearish season and also a 20% indirect decline in 1 day is a few days of bitcoin then if you count for 1 week maybe yes.
Not affected by bitcoin now, not caring about the decline there is something to do is buy during the decline isn't it better than you panic?

Now people mention buy DIP if they have money buy at once, if you can only afford to do DCA then keep that strategy, don't panic that the real bullishness hasn't happened yet so it's definitely possible that the price will go up even ATH in 2025.

[aylabadia05]

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 ?

There will be no panic when the price drops reach 10% to 20% in 24 hours because that is an activity that I consider normal where before the drop reaches that percentage there has been an increase and it becomes something that will have a good impact in the future as a reinforcement.

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

For me personally, maybe I can, but to be conveyed here specifically there is nothing because I myself am not a good advisor.
At most I can only say be patient that going up and down is a market routine.

[348Judah]

Why the unnecessary panic when I know that it will surely rise again, when I invest and hodl I don't have to worry myself on anything like that except for those who are yet to understand the way the market price volatility works, moreover this is only a consideration of one single day, not even on a long term, for some investors, they dont even take it that serious when they know they could easily make it up with time and earn more profits by holding, bear market is not a time to sell but instead for us to hold.

[passwordnow]

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 ?

Before, years ago I was. But until I was able to develop my sense of being calm thanks to this market, I'm no longer panicking. I can say that my weak heart before became stronger due to it. And as long as I've got some budget to spend, I'd make sure myself that I get some addition to my stash before the great bull run comes. I've learned from my mistakes the hardest way and that's because of early selling, so, being patient and prepared really pays off.

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

Don't look at the charts.
Don't look at your portfolio.
Avoid checking the price that moment.

[ajiz138]

No need to panic, why are you panicking so much? Is it because the price continues to fall and you think bitcoin will go to $50k in the next few days? I don't think so, although it might be best to buy at a discount.

Will remain HODL until the price to $100K is the closest target and many severe expert predictions will also occur in 2025 so just wait no need to panic.

Calm your mind, if the price drops BUY, don't wait for the price to rise again you will regret it.

[Nothingtodo]

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 ?

It is normal that an investor if he is new and after investing suddenly his market drops by 10 to 20% in one day then he must feel emotional and nervous. Currently I am facing such a situation especially I have invested one thousand dollar amount and after investing suddenly big dumping in the market where my invested project has decreased by more than 27%.  As I am very new to investing so now every moment is stressful time for me.

[Stalker22]

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 ?

You know what, I admit price changes definitely get me excited sometimes.  Back when I first started investing, if I saw my portfolio drop 10%, Id be staring at the graphs and numbers for hours trying to figure out what happened.  But after doing this for awhile Ive kind of learned to roll with the volatility punch.  And hey, buying more coins when they dip can actually be a total thrill ride if you play it strategically!

That said, yeah, every once in awhile a big crash still gives me those panicky feels.  But having a long-term investment plan in place makes a huge difference with keeping emotions in check when things go nutty.

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

Honestly the best advice I can give is to focus on what you can control.  Understand the risks involved and set a clear investment strategy that works for you.  Sticking to that plan can help you avoid making rash decisions based on fear.

But as others have already said, I cannot recall the last time Bitcoin's price dropped by 10-20% in a single day. Such price swings are more common for altcoins, but not for Bitcoin anymore, imho.

[EL MOHA]

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 ?

Firstly i don’t think bitcoin will fall to a 20% loss in a day, such a huge drop will definitely affect the entire market, some Altcoins could go way below 50%. So to me it is unrealistic at the moment. That’s how Bitcoin volatility rate has decreased over the years.

But let’s assume it does happens, I will personally be glad if at all I have enough money on me, because that’s one buy opportunity that won’t come so easily again. I also think this is the same view with most old investors, every dip is a buying opportunity but for newbies just investing or maybe people having open a long position in future trading it will be a huge panic and loss respectively to them.

One thing I will advice as to how to control your emotions when a dip happen is always invest an amount which you can afford to lose. Lack or proper risk management will only make you panic in situations like this. Do not also go for short term trading, go for long term investment.

[Issa56]

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

Gone are those days when I panic whenever I see a drop in bitcoin. When I was a newbie, if bitcoin dumps and my money is dropping, I do end up being scared because I am losing my money, but when I got to understand everything, no matter how much bitcoin price dumps in a day, I don’t even care anymore. All I do is keep on holding, hoping it’s going to bounce back in a day, and if I have more money in my reserve account, then I will use it to accumulate more bitcoin.

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 ?

No matter how much the much the bitcoin price drops, I will keep on accumulating because I know it’s just temporary, and with time the price is going to bounce back. We all have seen bitcoin price movements in the past, so we shouldn’t be disturbed when the price is down.

[Russlenat]

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 would never be here for years if I still fall for that. Maybe before I was when I don’t understand completely the high volatility of bitcoin, but now I don’t fall anymore into panicking, instead I find it having more opportunities to maximize DCA everytime bitcoin price falls deeply. I’ve seen how bitcoin consistently recovers after dropping, and it’s not new anymore to me, so it doesn’t affect my emotions and decisions anymore.