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

[avp2306]

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 guess not if your funds is safely stored in your wallet then I don't worry about those changes even if the movement is negative. But if you are engaging on futures trading then provably those continues decline would make you worry since its like your afraid that you are heading into being liquidated.

But any other than that nothing change since the only change on those dumps is the value since we still get the same volume and we can accumulate more for future investment purposes. Only those people who don't have good belief on bitcoin will get scared in that situation that's why they need to learn the certain flows or its volatility so that instead of getting panic they can create certain opportunity like to buy in that scenario.

[michellee]

I don't panic when the Bitcoin price falls by 10%-20% because I am sure the price will increase back. Even if that will needs longer than I can expect, I will still waits for that. When Bitcoin price falls, I can buy back more Bitcoin at a low price.

I don't affect by that price drops because I have seen that many times before. I will not stops to keeps buying Bitcoin and saving Bitcoin in my wallets. You must calm down your minds and not thinks to sell your Bitcoin at the dips because that will makes you lose your Bitcoin while you will difficult to buy Bitcoin at a low price.

You can stay away from the market for a while if you see the price falls. That will helps you to control your feelings about the market. Besides that, you can do many things to avoids the thinking of Bitcoin price that still at a low price.

[legendbtc]

Bitcoin is very young, its market cap is still very small, and daily trading volume is low at only 30-40 billion dollars. Most people don't understand what Bitcoin is, which affects its volatility. Due to this lack of understanding, we experience panic selling, but this is changing over time. Volatility is decreasing and will continue to decrease as time goes on. When it reaches a larger market cap, Bitcoin will likely move in correlation with gold.

Don't forget that in addition to the decentralized nature that makes bitcoin so attractive, its volatility is also an important factor that attracts many people. If we conducted a survey and everyone answered honestly, I believe up to 90% of people are in the market because of the high returns that bitcoin can bring rather than because of its use case. Therefore, bitcoin becoming as stable as gold will not be what many people want. Not only bitcoin, the cryptocurrency market is also famous and attracts people's attention because of its volatility. I bet there aren't many people who wish volatility would go away.

But if you compare bitcoin to gold and expect it to equal or surpass gold, its volatility is not going away anytime soon. Bitcoin's capitalization only reached 1.2 trillion USD while gold has surpassed 15 trillion USD, a huge gap.



https://ingoldwetrust.report/chart-gold-bitcoin-marketcap/?lang=en

[Stablexcoin]

More than 10-20% in a day is much and many people will panic. I won't lie it is normal to panic and ask questions about what is going on so that there won't be anything that may be going on that you do not know. When the Luna coin started dropping, some people felt it would go back up because they believed in the technology, not knowing it would be the end. After those experiences, many people are vigilant with their investment so that such a thing won't repeat to them ever again.

However, Bitcoin is different and I don't see anything that happened to Luna coin to occur in the place of Bitcoin. But it is natural to panic and stay vigilant in our investment it is one step to keep our investment safe.

[Slow death]

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 ?

In my case I get worried, I won't say I get panicked, but I admit that I get very worried, because I start to think how far the price will fall, that's why I want to take advantage of the price drops and not just think about the negative side. of the price drops, I started saving money to buy bitcoin whenever the price drops a lot, this way I reduce losses and still manage to obtain more profit if the price rises a lot later, because this is an investment of patience, something like 2 to 3 years of holding if the person wants to make big profits, then I put this in my head that I am buying with the objective of making a profit of at least 2x if the price is above $60,000 when I buy, but if it drops to $30,000 per example so when I buy, it's because I'm looking at 4x profit at least. In the past, something like 2 years ago when the price dropped a lot I would panic and sell and end up with little profit, today I no longer do that, even when it drops a lot I stay calm

[SickDayIn]

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 I am not affected by this at all. I dollar cost average, so whether it goes up, down, or sideways, I am still gathering coins every single day.

[Huppercase]

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 ?

If you know how Bitcoin markets works, you will worryless about price fluctuations and I have never seen where Bitcoin price falls by 10-20% without making adjustments the second day, if there is 10% fall today, the next day there is going to be increased by 5%, if there is fall by 20% there is going to be increased by 10% the next day and beside, I don't think there is anything outside right now that can make Bitcoin fall 20% in just a day, except there is a attack coming from US and the chances are low.

If Bitcoin fall by 20% or even more, that should not be a cause for alarm, it should be a signal for buying more because you don't know when such moment will come back again. Let's look at when Bitcoin went from $55k last time to $15k, many people didn't buy but today, they have seen how Bitcoin is trading above that price today, even went higher. This is how we should be taking advantage of any fall of Bitcoin price, there are days of reward.

[Viscore]

So far, bitcoin price do not fall that much on a daily basis. However, if ever it happens in the future, I wouldn’t lie I will surely be in panic, but not to the extent of thinking recklessly and sell immediately my coins at a loss. That will only make my investments worst.

But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.

[salad daging]

So far, bitcoin price do not fall that much on a daily basis. However, if ever it happens in the future, I wouldn’t lie I will surely be in panic, but not to the extent of thinking recklessly and sell immediately my coins at a loss. That will only make my investments worst.

But to be honest, since bitcoin is highly volatile since birth, this scenario might probably become possible any time of the day, but as long as we don’t get bothered easily and never fall into the trap, and just focus to our end goal, we will still end up successful and profitable with our bitcoin investment. I think that’s the most important thing here.

Maybe it can be said that it goes down every day it could be when bearish times arrive but for now it is impossible every day to go down deeper, it's just that every decline in bitcoin will stagnate at the current price and recover to the initial price again.

Who doesn't panic when a decline occurs? I will also feel the same way that the heart will not be lied to and even anxiety will always be there to see the price of bitcoin continue to fall.

For now we don't need to panic, this is not a bearish season that will continue to go down, this is just a correction and the price will bounce again, what we think about is how to buy more during a situation like this, because we are confident that bitcoin will not fall deeper.

[Ultegra134]

10% to 20% is a huge range, and with that being said, it's difficult to provide an accurate answer. I'm personally not bothered by price fluctuations anymore; I used to get extremely worried back in 2017. I've learned to manage it since then, and currently, it's safe to say that I don't care at all, even if the price dips 10%. At 20%, it's a whole different story. I'd be concerned, and usually, there's going to be a reason it has dumped that much; something significant has occurred; it's rarely going to happen by itself. I wouldn't panic and start selling my coins, though.

[taufik123]

-snip-
For now we don't need to panic, this is not a bearish season that will continue to go down, this is just a correction and the price will bounce again, what we think about is how to buy more during a situation like this, because we are confident that bitcoin will not fall deeper.

Buying more requires spare money that has been prepared from the beginning. That's why it's important to do good management so that the use of money for investment can be maximized.

Getting a cheaper price is an opportunity that will not be easy to get, even when the market is bearish many people start selling because they are too panicked.
But instead we should buy it gradually or wait below the strongest support price.

[Yatsan]

It's normal to feel nervous or somehow panic if it is a sudden 10-20% decline with the market price simply because that would be an instant display of loss to your portfolio. But again, what matters the most is your action; would you be selling at that moment to cut loss or be firmed and wait for the market price to recover. Keep in mind that as long as you are not selling, loss would be temporary. Once the market recovers, things will again continue. Always choose to calm yourself as much as possible and avoid doing things because of your emotions. One reason why knowledge is important to anything that you are engaging yourself with especially investments because it involves your money. The market itself is unpredictable and the best thing to do is to be patient of things.

[Fivestar4everMVP]

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've grown past that stage when I usually used to get worried when ever the price of bitcoin wasn't or isn't performing as I expected it to, most especially if this is happening when I just invested in bitcoin and had intentions of selling it for profit in few days; a week or two, I've learnt to completely ignore the market whenever prices are declining Instead of rising, and to be honest wit you, it's really has been very helpful, this has made me more and more confident in myself, my decisions, and most important, it has helped me to enjoy better mental health.

It is important we understand that panicking and worrying over bitcoin losing 10% to 20% of its price value in a day won't solve the problem, worry and panic won't turn the market around from the path it's headed.
So, for a good mental health, it's important we always view such decline in price as a buying opportunity, rather than something to worry and panic over.

[goldkingcoiner]

I only panic when I don't have any fiat to invest while the price is nice and low...

[Stable090]

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 I am not affected by this at all. I dollar cost average, so whether it goes up, down, or sideways, I am still gathering coins every single day.

If you gather bitcoin every single day, then I can’t just imagine the amount of bitcoin that you will be holding currently. When did you start accumulating bitcoin? Because I don’t really believe you when you say you are accumulating bitcoin every single day.

That's what I'm waiting for. Because with Bitcoin dropping 10-20%, it means I have the opportunity to buy bitcoin at a cheaper price and I can save more money than I would have spent otherwise.

People already holding bitcoin won’t really want that to happen, but people that are yet to buy will want a drop in bitcoin price before buying. But no matter how low bitcoin prices go, some people aren’t going to accumulate more bitcoin, they will always want the bitcoin price to go lower, and they will not buy even if it goes lower. They are always saying they want the bitcoin price to drop, but they will never buy even if it drops.

[Dr.Bitcoin_Strange]

There are three sets of investors that can panic during a price dump: first, those investors who took loan money to invest; second,  those who don't have concrete knowledge about Bitcoin yet; and lastly, those who invested for the sake of just making a short-term profit. For those investors who already know about the price history of Bitcoin and, as such, have invested in it to hold it for the very long term, they will not panic during a price dump because they know that even if the price falls now, it will definitely surge in the future. The price of Bitcoin was at a range of $30k just a few months ago, and now it's at $60k+. Bitcoin doesn't have a stable price; new investors  needs to have a proper orientation about Bitcoin in order to make a healthy investment in it.

[Hyphen(-)]

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 people that invested for short period of time with no assurance or with less money do panic, but with the trust I have for Bitcoin, even if it drops below 20% I will not panic, in fact, I will use some money to buy more or keep using my DCA method to accumulate more.
The way Bitcoin price is now, it will be very difficult to have such dip within 24 hours. The highest we have seen so far is below 10%, and the market does bounce back with immediate effect. I never doubted Bitcoin for once again since the time I knew about it. I am just not happy because I don't have enough money to buy, but the DCA method is good for me, and I am seeing the result gradually.

[DiMarxist]

It is only short term investors panic when the price of bitcoin reduce but for those who are investing for long term have no problem with the price dropped. And for anyone to enjoy bitcoin investment it is the long term investment.
And there is no need for anyone to panic in bitcoin investment because your money never lost.

[SOKO-DEKE]

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 I am not affected by this at all. I dollar cost average, so whether it goes up, down, or sideways, I am still gathering coins every single day.

I believe if someone has good knowledge about Bitcoin, they will hardly be panicking when the price of Bitcoin drops by some percent because they fully know that Bitcoin will bounce back to the price they bought it at and will still go higher. So, if you are well knowledgeable about Bitcoin and someone invests what they can afford to lose, they will hardly get affected when the price of Bitcoin drops.As for me, I always invest what I can afford to lose as I continue with the DCA strategy, so I hardly panic when there is a drop.

That's what I'm waiting for. Because with Bitcoin dropping 10-20%, it means I have the opportunity to buy bitcoin at a cheaper price and I can save more money than I would have spent otherwise.

It is always good to get Bitcoin at a low price, but as for me, I don't like waiting for when the price of Bitcoin will drop before buying. I do accumulate Bitcoin whenever I have money because I am not thinking of selling my Bitcoin investment soon, but I want to hold my Bitcoin for a long period of time. So, with that belief of holding for a long time, I will surely be in good profit

[GeorgeJohn]

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 a investor of a cryptocurrency generally or Bitcoin who has undergo much experience for bitcoin investment and the other cryptocurrencies investment that will not panic whenever they receive information of degradation values of Bitcoin after purchasing a Bitcoin in higher ratio of price so people that endure when such speculation comes around but at bitcoin price is going to decrease in value and still maintain the frequency of keeping their Bitcoin is people who is investor and who has already undergo losses from bitcoin investment, so I know that some even uses fear to sell when their bitcoin to recover their capital, but that's not nice, so if you want to make a profit  have a target.