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

[uswa56]

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.

In my opinion, in this case it really depends on a person's understanding of the investment they are carrying out and for some people who choose to invest in the short term when there is a downturn, of course they will be able to change their strategy to be able to survive in the long term so as not to experience losses from what they have experienced. they invest it, but if someone doesn't understand the investment well, of course there are those who will continue to sell it again when they see that the price of Bitcoin is not getting better in the near future and they think the price will not get better again so they continue to sell even though they are at a loss, so they will It is better for someone who decides to invest in Bitcoin that they must first learn about it so they can make a profit from what they have invested.

[Marvell1]

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.

10%-20% in one day is a huge drop and very worrying, I won't lie and say I wouldn't be scared if that happened. I remember every time the price of bitcoin drops 5%, people rush to find the cause of bitcoin's decline, so it's surprising many people claim that they wouldn't panic if that happened.

I agree, the bear season is over and we are in bull season, and corrections are very normal. Bitcoin will recover soon and making a new ATH is just a matter of time, so what we need to do now is always try to stay calm even if bitcoin drops more, don't panic sell no matter what happens.

[Blitzboy]

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.

In my opinion, in this case it really depends on a person's understanding of the investment they are carrying out and for some people who choose to invest in the short term when there is a downturn, of course they will be able to change their strategy to be able to survive in the long term so as not to experience losses from what they have experienced. they invest it, but if someone doesn't understand the investment well, of course there are those who will continue to sell it again when they see that the price of Bitcoin is not getting better in the near future and they think the price will not get better again so they continue to sell even though they are at a loss, so they will It is better for someone who decides to invest in Bitcoin that they must first learn about it so they can make a profit from what they have invested.

Bitcoin investing requires courage. A mental battle of wits. You must be smart, informed, and tough. This is different from buying stocks - a new world. The future is blockchain and cryptocurrencies. But you must comprehend. You must understand technology, market, and everything. Otherwise, you're wasting money.

However, those who prepare and do their studies might reap huge rewards. I know my stuff. I've recognized the potential in this game for a while. Dont fear dips. Those are chances. Learning, adapting, and strengthening. Smart people buy more Bitcoin during declines. Because folks, the future is bright. The future is Bitcoin.

[Roseline492]

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 ?

For me no matter how much Bitcoin price drops it can never give me reason to have a double thought about my investment and besides if you even trace the Bitcoin price from the beginning you could be surprised to see that it has even drop more than the percentage you are talking about, so if perhaps Bitcoin price decided to dip now it will not affect my mindset but on the contrary I will see it as an opportunity to Lump Sum by using more larger funds to buy, however the short term holders will be affected the most because they will have to be very patient till the price come back to the way it was, so actually is only shitcoins someone would panicked if the price drops to that extent but for Bitcoin it doesn't matter the dip because is very certain it will bounce back.

[Zoomic]

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 the reason we all are advised to only invest amounts we can afford to lose. When I first invested in Bitcoins, I literally panicked over every price drop whether little or huge.  That period, my investment gave me lots of mental stress because it was more like my life depended on that investment. With the experience I have gathered so far in this my investment journey, I have realised that bitcoin is not like most altcoins that crash easily, living you with nothing. This has made me to develop a tough skin towards bitcoin price volatility because I know I won't be left with nothing if the price falls even more than 10-20% in a day. All I need do is hold for a longer period of time for my investment to appreciate so I can get returns from it.

[mindrust]

As long as you are not carrying a leveraged position, you shouldn't be panicking. You also shouldn't be buying bitcoin with borrowed money because that's another way to use leverage. If you bought bitcoin with your own money, if it is not all the money you have, if you won't be needing in the future, why should you panic?

Panic is also a contagious disease. If you have nothing to worry, but you are around people who have many things to worry about ( mostly leverage), then you might panic as well, even though you shouldn't. Some people somewhere made stupid decisions and they have to pay the price for their stupidity. If you are not one of those people, you shouldn't care about it.

[milewilda]

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 ?

For me no matter how much Bitcoin price drops it can never give me reason to have a double thought about my investment and besides if you even trace the Bitcoin price from the beginning you could be surprised to see that it has even drop more than the percentage you are talking about, so if perhaps Bitcoin price decided to dip now it will not affect my mindset but on the contrary I will see it as an opportunity to Lump Sum by using more larger funds to buy, however the short term holders will be affected the most because they will have to be very patient till the price come back to the way it was, so actually is only shitcoins someone would panicked if the price drops to that extent but for Bitcoin it doesn't matter the dip because is very certain it will bounce back.

Only noobs would really be trying out to freak out on the moment that theyv'e seen their bitcoin investment or any other coins investment that they do have on their portfolio on which having that
5-10% movement on a single day or moment is really just that something that will really be just that normal or an ordinary day here on crypto space on which on the moment that you've been
dealing up with something here on this space then you should already have that accepted that this isnt really just that only a simple investment that you could make easy money
but also you should really be that considering on how risk it is on the moment that you do step your foot into this market.

You would really be that finding yourself to be that impulsive on the moment that you've seen your investment is really that declining in compared into those people who had been that
prepared and been that accepting the risks which involves with on to this market on which it would really be that something undestandable.

[GbitG]

As long as you are not carrying a leveraged position, you shouldn't be panicking. You also shouldn't be buying bitcoin with borrowed money because that's another way to use leverage. If you bought bitcoin with your own money, if it is not all the money you have, if you won't be needing in the future, why should you panic?

Some people just don't get it, believe me. I have encountered people who would panic without any reason, the money they have invested is theirs and they don't even need that money at the moment, but as soon as they see the price of the asset they have invested in dropping, they start panicking like they are losing their money. This is mostly because of a lack of knowledge, they don't understand that their assets are losing value but they are not losing money, and their balance will get back to normal or go up once the price of the asset recovers.

It gets you frustrated sometimes if you are the one who either brought them into the market or they know that you are into these things and you are the right person to ask questions from, but their questions are mostly annoying, full of panic and useless questions about the price dropping, not removing, why it's happening, etc.

[darkangel11]

Totally unaffected, but this is my 4th cycle. Anyone who's been through the 2018 crash when we fell 70% in one month, or in the covid crash when we lost 50% in 2 days grew thick skin and won't react unless it's an end of the world situation. To me a 10% correction is literally nothing happening in bitcoin. Ho many times did we have that happen this year? 3?
If you're worried look at bitcoin charts. 5% corrections happen almost every month. 10-20% every few months. You had that in:
11 2022, 3 2023, 8 2023, 10 2023, 12 2023, 1 2024, 3 2024... All of these were at least 10% corrections. If you react to these in panic you're going to regret it, like so many people have and so many will in the coming years because these corrections will keep happening.

[sunsilk]

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.

We're seeing that, the long-term investors are enjoying the run and there's no need for us to panic. Those that are thinking that their money is lost.

There's a reason behind that and there's a cause of that anxiety and thought of theirs thinking that when the market falls, their money will be gone.

Looking at that fall the other day, we've recovered already but this isn't enough and slowly but surely, it will be up again.

[LDL]

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 ?

Consider what you would normally consider as Day Traders who entered the market at $72,000 to trade and are currently at $62,000 today. After entering the market for trading, if the market suddenly gives 10 to 20 percent dumping at that moment, I feel all of you will be really painful, it is a normal phenomenon. A short-term trader basically trades daily, if the market suddenly falls after investing, then he has to wait until the market correction. I am going through such a situation especially I originally bought bitcoin when it was $68k and currently dumping $6000 and currently at $62k the price has dropped a lot from my invested amount. So I have no option but to wait till the price correction takes place.

[Raflesia]

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.

That could be true but actually in this case I think panicking is quite a natural thing regardless of whether it is a short term or long term investor because after all the feeling of panic about losing something is a common and normal thing that happens because it is related to financial conditions. then naturally we can become someone who panics. It just depends on how we control the panic because if in the end the feeling of panic is followed by the action of selling no matter whether we make a profit or a loss then that is the wrong thing, but when there is panic and the city remains strong in holding back because it is aware that it is a form of risk what you have to understand when you become an investor and remain confident in bitcoin, then I think it could be a good thing in the end.

Apart from that, in this case, when there are increases and decreases, it is a good lesson for us that in the end being in Bitcoin is not as easy as imagined so we have to be prepared for all conditions that occur.

[Finestream]

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 ?

Panicking or just simply worrying is pretty normal for all investors who are risking their own earnings. No one likes to see its investment continues to drop every single day. However, bitcoin is a volatile investment so there's always possibilities that bitcoin will consistently drop but will eventually rise after and recover from price drops. As long as you didn't end up selling your coins seriously without achieving your goal, then there's nothing to worry but keep hodling instead.

[Casdinyard]

The thing is that it makes sense for newbies to feel the feat of losing all their money when dumps like such happen. After all, you haven’t been long enough in the industry to trust that. It is temporary and many take it as an opportunity for bitcoin to slingshot back to another ATH. But for seasoned crypto veterans you can say that they do not relent on such trivial stuff anymore, and many like me even take this opportunity to invest more into bitcoin instead of selling it or venturing in some investment choices without real knowledge about shit.

So yeah, it’s kinda divided and it’s clear who’s scared and not. As for myself, I’m confident enough to think that whatever price point it falls down it will always be able to get back up. But noobs are free to jeet and paperhands themselves out of every investment. It's in their nature after all and there's no real harm to selling your shit, but you have to understand that selling your crypto at a pivotal moment like this also means taking your foot out of the door to a million of possibilities.

[GigaBit]

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 ?

For me no matter how much Bitcoin price drops it can never give me reason to have a double thought about my investment and besides if you even trace the Bitcoin price from the beginning you could be surprised to see that it has even drop more than the percentage you are talking about, so if perhaps Bitcoin price decided to dip now it will not affect my mindset but on the contrary I will see it as an opportunity to Lump Sum by using more larger funds to buy, however the short term holders will be affected the most because they will have to be very patient till the price come back to the way it was, so actually is only shitcoins someone would panicked if the price drops to that extent but for Bitcoin it doesn't matter the dip because is very certain it will bounce back.

A large part of the investors who understand only the profit from investment but don't know that the price may fall in the trading platform, they also do not accept it easily. Normally when their wealth drops by 5 to 10 percent they think they have lost but they should not think that. Moreover, those who buy Bitcoin must be aware that Bitcoin is not for short-term investment. Those who plan long-term investments can only benefit from Bitcoin. Investors who lack knowledge can also face such problems. They are restless at the slightest drop which leads them to take various wrong decisions. Investors must keep in mind that there will be ups and downs in the Bitcoin price, so thinking of yourself as a holder rather than panicking that can avoid losses.

[Smack That Ace]

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 ?

Panicking or just simply worrying is pretty normal for all investors who are risking their own earnings. No one likes to see its investment continues to drop every single day. However, bitcoin is a volatile investment so there's always possibilities that bitcoin will consistently drop but will eventually rise after and recover from price drops. As long as you didn't end up selling your coins seriously without achieving your goal, then there's nothing to worry but keep hodling instead.

Panic and fear when seeing asset values ​​decrease or happy when seeing values ​​increase are just temporary human emotions, so anyone who says they don't have emotions is lying. Furthermore, panicking when prices fall does not mean we will sell, being happy when prices increase does not mean we will take profits.

In addition, although bitcoin is very volatile, we cannot deny that a drop of 20% in one day cannot be considered normal, and if it happened for many days in a row, it would cause many people to panic, let alone that is normal. Yesterday our assets were 100k$ but today it is only 70k$, which is not a pleasant feeling at all.

[Asiska02]

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 dropping 10-20% in a day is a very large amount to some people and it will definitely have a significant impact on those that are holding to be profiting sooner and are no more adding to their portfolio. This will also have effect on short term hodlers who just invest and after some few hours, they take the profit they get. It is a good one for those doing DCA and a very good opportunity for them to complete their investment target. As bitcoin continues to be in the correction mode, it’ll have effect on anyone holding them but to some, it’s an opportunity they’ve been longing for to come.

[bakasabo]

I am already experienced enough with "bitcoin is dead" topics and article, that 10-20% fall in a day does not scare me. What makes me even stronger believe in Bitcoin is the pointing up graph. No matter what happens, with time, the price always recovers. Moreover, I dont remember when Bitcoin really dropped that much in price. Can someone point me a day when Bitcoin lost 20% of its price in 24h? Or even 10% in last 24h?

[WatChe]

Can someone point me a day when Bitcoin lost 20% of its price in 24h? Or even 10% in last 24h?

Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Source
Bitcoin price went down more than 10% on May 13, 2021 after Elon Musk announced that Tesla won't accept Bitcoin as payment option due to climate change concerns.
There are many such dips in Bitcoin's history of 15 years and whenever there is dip it's seen as an investment opportunity by mature investors. I am also not very worried about sudden dips of Bitcoin as I am convinced that Bitcoin will eventually recover sooner or later.

[Obari]

The only panic I get is not having the money to buy at every dip and currently we’re still the bill market and for each dip now, is an opportunity to buy more rather than panic because at the end of the day, if there is a panic, there is always a possibility of wanting to sell.
There have been a lot of stories in the past about bitcoin being dead and there have also been times when bitcoin even dropped even more than 10% and yet this bounced back and I also remember when Elon musk made a post of this company not accepting bitcoin but doge and it kept bitcoin at its longest stagnant point but it still bounced back.
Over years, bitcoin has proven to always recover after every bear market with a new ATH price which is a sign that bitcoin is here to stay.