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 ?
When I was new in trading and I didn't know much about trading or coins, especially about Bitcoin, I invested and I was scared because the market suddenly fell and when it went up a bit, I sold my coins back then because I didn't have that much knowledge and I didn't know anything about Bitcoin, but now it's not like that. If the market drops 10-20 percent, I don't panic. I have a buying start, I have set the DCA method, if the market goes down, I buy accordingly and if it goes up, then I sell accordingly.
And it seems to me that those who are experienced traders do not have this because they understand the ups and downs of the market so well that they are not afraid of ups and downs but rather set a strategy. And that is why they are successful in trading.
When someone invests his precious money in a place, he always has his hopes up about it. It is not possible that we can completely control this reality. There is always a fear of experience. You may have been afraid, so it's not that much of a problem, but if you study more about Bitcoin and do market research, you can pretty much control your emotions.