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

[Poker Player]

To be fair, it wouldn't make any sense for someone like Michael Saylor complain about the bear market, or anyone with a large enough bag, unless they were about to make a move and buy more.

In reality people like Saylor know that volatility is inherent in the potential profitability that Bitcoin has. They don't care about draw-downs because they know they are inherent in the world's most profitable asset and so they keep buying no matter what: whether the price goes up, down or is on a sideways.

[dderekwalcott]

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’s natural to feel uneasy during drastic drops, but controlling your emotions and sticking to your plan will serve you well in the long run .I have emotions , so I
experience panic during price drops, let's share how am I managing emotions when Bitcoin drops significantly.
I've committed to a strategy like Dollar-Cost Averaging (DCA), remind myself that short-term volatility is expected, and my long-term goal is to accumulate Bitcoin at different price point.I always remember that Bitcoin has experienced multiple corrections in the past and has often rebounded. Understanding historical trends can help me stay calm.

[NTA blog]

Setting up automatic buys on dips and sticking to a long-term strategy helps me stay grounded.

[famososMuertos]

:://:::

+1
I understand you and technically it is like that, but it is more theory and even a myth, since you only have to have a certain amount, thousands (or very much +), so that you understand that if you worry, it is a natural emotion, it is another matter to know that according to each person's strategy this is simply a bad time, but the worry always appears.

[Dr.Osh]

well, for people who believe in bitcoin, I think it won't make them panic, and maybe see this as an opportunity to add more assets. However, depending on what causes the price of bitcoin to fall, sometimes someone who has quite a lot of assets in bitcoin will feel uncomfortable when the price of bitcoin falls, especially when the decline is around 10% to 20%. This might make the person nervous, and always check the price of bitcoin. However, I think quite a lot of people will take advantage of this moment to buy bitcoin to increase their assets.

[leonair]

well, for people who believe in bitcoin, I think it won't make them panic, and maybe see this as an opportunity to add more assets. However, depending on what causes the price of bitcoin to fall, sometimes someone who has quite a lot of assets in bitcoin will feel uncomfortable when the price of bitcoin falls, especially when the decline is around 10% to 20%. This might make the person nervous, and always check the price of bitcoin. However, I think quite a lot of people will take advantage of this moment to buy bitcoin to increase their assets.

Only those who believe in Bitcoin invest in Bitcoin. Why would you invest your money in something you don't believe in?  We know that cryptos dump a lot at different times and it takes a long time to recover and that's why when bitcoin or any other coin has a big dump like 20% then many people panic because of this panic. clever thinking  Many people panic and sell their bitcoins because they think that the price of bitcoins will dump further. So if they sell bitcoins at a loss then they can later buy bitcoins at a lower price which will average out their investment. They lose a lot of money because of thinking themselves clever like that. And then regretted

[Solokan]

If the price of Bitcoin goes down, of course not a few people will panic selling it, especially if it drops by 10% to 20%, but of course there are also many who are still strong enough to hold BTC and only sell it when they have made a profit, but for beginners who lack insight, of course there are not a few who sell BTC. Because of panic, the price of BTC fell even though losses were incurred, such as when buying BTC at a high price and selling it below the price at the time of purchase.

a few days ago of course we saw an extraordinary drop in the price of BTC, if I'm not mistaken, I saw in the market up to 15%, but to be honest, I was also a little panicked, but I still stuck to my intention, namely that I invested for the long term and only sold it when the price of BTC over $80k. Yes, the point is that I always divide the capital and there are even BTC that I will not sell in the near future because I am sure that in the future the BTC price will be higher, but of course I am ready for the risk.

In my opinion, there are definitely lots of various kinds of advice to be able to control your own feelings and indeed as an ordinary human being it is difficult to be able to control your own feelings, especially when the BTC price drops a lot, but according to my experience, what makes me feel less panicked when the BTC price drops a lot is because I see BTC price never disappoints its holders and always makes new ATHs so as long as we are patient there is definitely potential for us to make a profit. Maybe that's all my advice and my experience. But of course many of your friends here have answered you questions well.

[Peanutswar]

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 ?

With these recent experience in the market volatility since 2019 I guess I don't care at all if the price drops with 10% actually the price possible daily drops with 2% and it seems gives nothing at all to me instead a greater opportunity to buy more coin if I have budget, my goal is for a long term with the bitcoin and wait for the next price that gives me a good profit, but if you are just a quick trader seems this could be painful to see that you lose already in a day. So still it depends on the user activity how they will react with the market price.

[mumang siat]

To be fair, it wouldn't make any sense for someone like Michael Saylor complain about the bear market, or anyone with a large enough bag, unless they were about to make a move and buy more.

In reality people like Saylor know that volatility is inherent in the potential profitability that Bitcoin has. They don't care about draw-downs because they know they are inherent in the world's most profitable asset and so they keep buying no matter what: whether the price goes up, down or is on a sideways.

It can be said that this is something they are used to, where here is a market that will have increases and decreases at any time, maybe we can say this is an opportunity that every investor has been waiting for to make purchases when there is a decrease in value, not too worried about the decline that is currently sloping the market. and this is a market that we can say will not be stable in the long term, because it will change at any time, there is no strong prediction for the stability of value.

[Farma]

well, for people who believe in bitcoin, I think it won't make them panic, and maybe see this as an opportunity to add more assets. However, depending on what causes the price of bitcoin to fall, sometimes someone who has quite a lot of assets in bitcoin will feel uncomfortable when the price of bitcoin falls, especially when the decline is around 10% to 20%. This might make the person nervous, and always check the price of bitcoin. However, I think quite a lot of people will take advantage of this moment to buy bitcoin to increase their assets.

Only those who believe in Bitcoin invest in Bitcoin. Why would you invest your money in something you don't believe in?  We know that cryptos dump a lot at different times and it takes a long time to recover and that's why when bitcoin or any other coin has a big dump like 20% then many people panic because of this panic. clever thinking  Many people panic and sell their bitcoins because they think that the price of bitcoins will dump further. So if they sell bitcoins at a loss then they can later buy bitcoins at a lower price which will average out their investment. They lose a lot of money because of thinking themselves clever like that. And then regretted

Of course, everyone who believes in the potential of Bitcoin will have no hesitation in investing in Bitcoin because they will believe in the benefits they will get from investing, if indeed there are those who invest in something they do not believe in, of course this is not good for them to do and they will make mistakes in the investment they are running which makes them unable to make a profit but only losses that they will get and if you have believed in the potential of Bitcoin then you can invest and can make a profit from it but you must have the right strategy when you want to start investing and do not be affected by the price decline that is happening and do not sell the asset if you can still maintain it for a longer period of time.