The best way to handle your emotions in this crypto space

[DaNNy001]

Yeah, many out there can't bear the thought of any loss, really - it's all about green for them, and no red at all.
Even when you hodl - red is normal, because the market doesn't only go up, it fluctuates, like the ocean.

Those who can’t bare the thought of losing are not suppose to be in this space (crypto) they need to invest in something different which I don’t even see any form of investment where there are no bad days, sometimes the market will be profiting for you which you have to enjoy why any other day you see it red you accept your faith and don’t make a sale you hodl until it returns to normal.

I have seen crazy reactions from people losing when the markets goes but the worst I have seen is from a friend who I literally invited and lectured him on how the market sits when it's not favourable but yet the reaction he posed was crazy because I never really knew he would take it that bad and I quickly gave him a life hack that the crypto space is definitely not for him although the action that led to his lose was all fault as he invested in the wrong coin claiming he is well familiar with the coin and how things are done.

[Pandorak]

But most people don't always use the amount of money they can afford to lose, many of them use their savings for investment, either to buy BTC or altcoins, hoping that the money they invest will make them rich in a short time, people like this usually buy on the basis of being affected by FOMO, which is the wrong mindset.

Invest or trade with money you can afford to lose, it's the big principle but even so, you must choose a safer or safest one, that is investment, not trading. If you start with all money you have for either investment or trading, you can be very uncertain, fearful, emotional reactive in this market, and can do many bad decisions which in the end result in loss, not profit.

The main problem is that most of them do not think about investing in the long term, their mindset is to make as much money as possible in the shortest possible time, because again as I said before, it is not uncommon for them to use savings, not even a few who are in debt to try to find profits here. Of course this triggers emotional feelings when the coins they buy experience a decline even though it is just a correction not a reversal and because of the lack of knowledge causes self-defeating ignorance.

In trading, with its very high risk by the market volatility and perhaps liquidations if you use futures and leverage tradings, don't forget to use one of best weapons in trading, stop loss order.

Leverage and futures tradings are not recommended, because it is more dangerous than spot trading. While trading in general is risky too and it's worse than investment.

This is very good if people know its usefulness, can minimize the risk of greater losses. Stop loss, take profit, trailing stop, buy limit, sell limit is a very helpful feature for those who want to trade.

[mvdheuvel1983]

Yeah, many out there can't bear the thought of any loss, really - it's all about green for them, and no red at all.
Even when you hodl - red is normal, because the market doesn't only go up, it fluctuates, like the ocean.

Those who can’t bare the thought of losing are not suppose to be in this space (crypto) they need to invest in something different which I don’t even see any form of investment where there are no bad days, sometimes the market will be profiting for you which you have to enjoy why any other day you see it red you accept your faith and don’t make a sale you hodl until it returns to normal.

I have seen crazy reactions from people losing when the markets goes but the worst I have seen is from a friend who I literally invited and lectured him on how the market sits when it's not favourable but yet the reaction he posed was crazy because I never really knew he would take it that bad and I quickly gave him a life hack that the crypto space is definitely not for him although the action that led to his lose was all fault as he invested in the wrong coin claiming he is well familiar with the coin and how things are done.

Your friend could possibly be believing that he could invest in alternative cryptocurrencies and make money not knowing that investing in alternative cryptocurrencies and making profits is a thing of luck, you have to always let them know that the crypto space isn't something they can get into and expect everything working as they plan they have to consider the market and study it before going into any form of investment. Losses are meant to happen in the cases of wrong investment that is why it is advised you don't force anyone into going into crypto investment not even Bitcoin investment if they are not fully ready to know and learn before investing.

[JiiBs]

I have seen crazy reactions from people losing when the markets goes but the worst I have seen is from a friend who I literally invited and lectured him on how the market sits when it's not favourable but yet the reaction he posed was crazy because I never really knew he would take it that bad and I quickly gave him a life hack that the crypto space is definitely not for him although the action that led to his lose was all fault as he invested in the wrong coin claiming he is well familiar with the coin and how things are done.

It’s never easy watching your money vanish into thin air, it’s however very likely when you invest in low value coins expecting that it would make 1000x in the coming days or months. How often does this happens; it could take a long as Bitcoin have been in existence to get a right one.
If the potential was that easy to see, I think a lot of persons would have been getting it that easy but no, it’s often about being lucky. You don’t need to test your luck when the money is vital to you, you stick with what you know and is well familiar with.

[liuka]

I think there are two things that must be eliminated in investing, namely eliminating panic thoughts and also staying away from future trading so that we will be safe because we are not burdened by many thoughts.
Most investors lose a lot of money because they invest in Future where a lot of money is liquidated when the market suddenly occurs.

I think they should learn to invest in Spot where choosing Bitcoin as an asset that is prioritized for the long term, besides investing well of course budgeting money that is ready to lose or from discretionary income, so when the price drops we are not anxious and do not make the wrong decision.

[GbitG]

.......
We also know that all cryptocurrency market or bitcoin price is always depending on up and down. So in this time if we want to invest or hold on this crypto, we should trying to understand in cryptocurrency market properly.

Because we know that any person who don't have any knowledge from cryptocurrency market, then this person can't shine in cryptocurrency world. So I believe that emotion is also very important element for gain in cryptocurrency world.

Definitely Knowledge/education is the first priority in the crypto industry because without well understanding and education, you will never be able to understand that what exactly the investment is. And if you don't, then indeed there is only one way you will be in serious trouble. Knowledge is the first step before jumping in the crypto industry. Because this market is highly volital and if you have unfamiliarity regards through the sentiment, then you can't grab anything else, rather than lose.

So before joining the field, you need to get some decent knowledge as well as market sentiment (FA or TA) as from all the above, this psychology exposure is also needed. Because if your emotions are disturbed, then apparently you can become a target of violence from people, meaning you can make a mistake like a weak hand in panic or fear. So handling emotions is also a strategy to survive in the market.

[AmoreJaz]

Cryptocurrencies are volatile and it's not easy to stay calm when the value of your coins is diminishing, emotions will always set in because nobody likes to lose their hard earned money. So I very much agree that the best strategy would be to use amounts that you can afford to loose, this way impacts of loses will not weigh you down so much because dumps are inevitable in cryptocurrency. Bitcoin has proven it's potentials as a store of value and I can use more than what I can afford to loose to buy and hold for a long term. But for altcoins and trading, I can't use significant amounts for them because they're very volatile.

Most alts are very risky to hold long term because most of them have short lifespan. And if you can't keep up, the likelihood of holding worthless coins is very high. Also, don't count your profits if you haven't sold your coins yet. Because the price changes so fast.
So if you have urgent needs with your funds, better not to venture this market. Because there is no assurance of your profits, use your spare funds as much as possible.
With my long years of experience of dealing with alts, I learned how to let go of my coins. Sell your coins as fast as possible, before it declines its value. You will surely regret not selling it once you see your coin is going downhill and there's no chance of recovery. Most alts have no chance of survival as the team behind goes on disappearing act after they sold their coins to the market.

[fuguebtc]

 ...Because there is no assurance of your profits, use your spare funds as much as possible.

Indeed, this market does not guarantee anything to us, including bitcoin. There is no denying that bitcoin is the safest investment on the market but that does not mean it is risk free. Just because bitcoin has been around for 16 years and is up millions of percent, that doesn't mean it has proven that it will continue to generate profits or will maintain that growth momentum in the future. Or to put it bluntly, a 16 year old asset is still quite young so it's too early to say it's proven. Many people seem to be quite subjective when putting all their faith in bitcoin and investing more than they can afford to lose.


Even if it is bitcoin, we should only invest what we can afford to lose and most importantly diversify our investments, don't put all our eggs in one basket.

[$weetne$$]

if you invest or trade with what you can't afford to do away with or what you can't afford to lose, your emotions may get the better of you when the volatility of the market is in full display as this present one, and CZ who has the largest crypto exchange (Binance) has practically said it all in a summary, which I 100% agree to, because all he said is true.
So let's try to invest only what we can afford, so as not to be easily shaken by volatility in the market.

You would not be scared about the market falling of what you have invested is not all your savings but only a small percentage of it therefore the advice is correct to only invest what you can afford to lose. There are lots of things that can make you to lose your composure in the market because the market is always volatile and making alot of investors to lose money when they start panickig. You can handle the pressure if the mkarketyby staying in the line of your initial mindset when you bought the Bitcoin that you are presently hodling. Do not fall for the tricks of the market but still keep hodling regardless of how bad the market gets, do not still lose hope because the market is always going to recover regardless of how bad the market has become.

[Negotiation]

It is normal to be emotional in crypto as market volatility often creates uncertainty and fear. Therefore before investing you should have a clear investment plan and move forward according to your intended goals. The most important thing is that if you are a long term investor do not get emotional over short term fluctuations. Stay strong to achieve your goals. Also if you know the crypto market well then be confident during volatility you can make good decisions by gathering various information especially by analyzing the market.

[bitcoin_mining]

If you call yourself an investor, forget that you are an emotional person. Emotions generally have no place in investing. The more you make investment decisions based on your emotions, the more likely you are to make a bad investment. When you invest consistently you need to understand the market and invest regularly. If you are influenced by some temporary loss or some temporary gain and sell your investment considering these things, you will regret it later. Just as you can't make decisions in your anger, you can't do whatever you want when you want. You have to always focus on the market and understand the market candles as well as you have to be patient. All these emotions are important to you, not important to you.

[john_egbert]

It is normal to be emotional in crypto as market volatility often creates uncertainty and fear. Therefore before investing you should have a clear investment plan and move forward according to your intended goals. The most important thing is that if you are a long term investor do not get emotional over short term fluctuations. Stay strong to achieve your goals. Also if you know the crypto market well then be confident during volatility you can make good decisions by gathering various information especially by analyzing the market.

Totally agreed.

There should be no panic, only actions planned beforehand.

Accumulation must go on.

[Mahanton]

It is normal to be emotional in crypto as market volatility often creates uncertainty and fear. Therefore before investing you should have a clear investment plan and move forward according to your intended goals. The most important thing is that if you are a long term investor do not get emotional over short term fluctuations. Stay strong to achieve your goals. Also if you know the crypto market well then be confident during volatility you can make good decisions by gathering various information especially by analyzing the market.

Totally agreed.

There should be no panic, only actions planned beforehand.

Accumulation must go on.

Easy to say but actually it's really that hard to do even if you are already that being old or veteran into this market on which it will really be that still giving out that kind of kick of emotion on which whenever we do speak about price declines or seeing your portfolio is going down, then you will definitely having that reaction on which it is really just that normal but the main difference into those people who do have experiences and to those who are complete newbie then they are really that having no idea on what they are doing. Best way on how to handle you emotion would really be based up on how experienced you do have, because at the time that you don't have that experience then you will be that easily panic out. This is why if you are really that serious on learning up trading then it's recommended that you should be sustaining all the challenges that you would be able to encounter along the way.

[2Pizza410000BTC]

The sentiment of CZ has said it all.
Most Investors or traders don't know that investing a money you can't afford to do away with or money they can't afford to lose is the exact thing that makes you panic either as an investor or a trader, because as humans that we are, at some point we will always display emotions even though we really believes in Bitcoin, because their is a dip just as this current dip that might shake your confidence, which might warrant you to sell in panic, though newbies investors mostly are the ones that normally does that but even as a veteran in the the crypto space, if you invest or trade with what you can't afford to do away with or what you can't afford to lose, your emotions may get the better of you when the volatility of the market is in full display as this present one, and CZ who has the largest crypto exchange (Binance) has practically said it all in a summary, which I 100% agree to, because all he said is true.
So let's try to invest only what we can afford, so as not to be easily shaken by volatility in the market.

Investment should be done in such a way that if there is a loss due to market volatility, then you can control yourself and do not create any anxiety or panic in your mind. If our goal in investment is long-term, then we have to wait for the long term, if there is a lot of loss in the investment due to market volatility, then we also have to control ourselves. I would also like to say that one should not invest by taking a loan from someone because when someone invests by taking a loan from someone and if that investment causes a loss, then he will be in danger. Therefore, it is better to invest such an amount that there will be no worry even if there is a loss and it is not right to invest by taking a loan from someone. If one can invest by controlling his emotions in this way, then he can definitely benefit from that investment and can hold it for a long time.

[Pandorak]

It is normal to be emotional in crypto as market volatility often creates uncertainty and fear. Therefore before investing you should have a clear investment plan and move forward according to your intended goals. The most important thing is that if you are a long term investor do not get emotional over short term fluctuations. Stay strong to achieve your goals. Also if you know the crypto market well then be confident during volatility you can make good decisions by gathering various information especially by analyzing the market.

Totally agreed.

There should be no panic, only actions planned beforehand.

Accumulation must go on.

Easy to say but actually it's really that hard to do even if you are already that being old or veteran into this market on which it will really be that still giving out that kind of kick of emotion on which whenever we do speak about price declines or seeing your portfolio is going down, then you will definitely having that reaction on which it is really just that normal but the main difference into those people who do have experiences and to those who are complete newbie then they are really that having no idea on what they are doing. Best way on how to handle you emotion would really be based up on how experienced you do have, because at the time that you don't have that experience then you will be that easily panic out. This is why if you are really that serious on learning up trading then it's recommended that you should be sustaining all the challenges that you would be able to encounter along the way.

I agree with what you said, whoever they are, no matter how much experience in the crypto world, emotions will always be there, it's a lie to say they won't be upset when they see the price drop, see the red portfolio, this is normal for a holder who buys for short or long term, that's why trading plan is important, money management is important, knowledge is important, to know when the market drops what to do, all aspects can have a big effect on psychology.