The best way to handle your emotions in this crypto space

[Ever-young]

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.

[Lanatsa]

Emotions always come to okay when it involves money, so anyone that even risk what they can afford to lose, when the market begins to go sideways and not given them what they’re actually expecting, they’ll begin to panic and their emotions will overtake and take the most part of them. But the good things that comes with risking only what you can afford to lose is that your emotions will not take much of you even when the market begins to go sideways unlike when you’ve risked everything including what you can’t afford to lose in the market.

CZ have have just did what he thinks and feels and I think most people are in that same category and are already victims of emotional trauma in the market. The bitcoin market is very controversial and can be unpredictable but when you’re able to understand and have a prepared mind for the market, you’ll begin to understand better why emotions is just your biggest hurdle to success in trading. The profitable traders today are not moved by emotions again and that’s where the better part of trading starts.

We are just humans and we are emotional beings on which there would really be those times or moments that you will really be that you will really be that impulsive or having that kind of impulsiveness when it comes to the things that you are getting involved specially on investing or trading or even on gambling on which we do know that there are times or moments that you would really be that having this kind of messing up into the decisions that you are already have in mind. When dealing up with investment then you should really be that wise and it is included to have that good emotional control on which this will really be that something crucial because once you dont really that having this kind of mentality and control then he/she wont really be able to survive on this volatile space because it is really that truly unpredictable.

Trading up without having that sense of adjusting on what are the things that needs to be adjusted will really be bringing up that kind of trouble and huge failure into the career that you are trying out to pursue.
At first then its normal that you will be able to experience but as you do gain up that experience then you will gradually be that adjusting yourself on what are the things you've been involved into.
Its inevitable to meet up such mistakes because we cant be perfect but we can make out adjustments accordingly.

[sana54210]

Stop overthinking that profit can be acquired right after buying Bitcoin. Because the more we think about earnings, the more it drives our emotions. Instead, we do understand the nature of investing because that will tell us the truth about it. In fact, we are not gambling that we are going to see results after a few hours, but in investing, it takes months or years to generate income.

So, in order to control our emotions, we also have to control our minds. Instead of focusing our minds on Bitcoin, we better consider this investment as something not important.

So, easy to just ignore the price of bitcoin which allows us to not have emotions. I agree we should not expect a quick profit, which means we should not be really assuming that bitcoin will be get us rich overnight.

If we can realize that, then when you think "I will hold bitcoin for 30 years" suddenly what happens tomorrow doesn't really matter all that much, does it? Why would you care what happens tomorrow, if you have no intention of selling it tomorrow? Only the people who think about selling end up having emotions, if you are not selling then price movements do not matter to you. If you are buying bitcoin with intentions of selling quickly, then you are doing it wrong to begin with, hence emotions matter if you do it the right way.

[mrkhan90]

Stop overthinking that profit can be acquired right after buying Bitcoin. Because the more we think about earnings, the more it drives our emotions. Instead, we do understand the nature of investing because that will tell us the truth about it. In fact, we are not gambling that we are going to see results after a few hours, but in investing, it takes months or years to generate income.

So, in order to control our emotions, we also have to control our minds. Instead of focusing our minds on Bitcoin, we better consider this investment as something not important.

So, easy to just ignore the price of bitcoin which allows us to not have emotions. I agree we should not expect a quick profit, which means we should not be really assuming that bitcoin will be get us rich overnight.

If we can realize that, then when you think "I will hold bitcoin for 30 years" suddenly what happens tomorrow doesn't really matter all that much, does it? Why would you care what happens tomorrow, if you have no intention of selling it tomorrow? Only the people who think about selling end up having emotions, if you are not selling then price movements do not matter to you. If you are buying bitcoin with intentions of selling quickly, then you are doing it wrong to begin with, hence emotions matter if you do it the right way.

Actually, your comment is very prefer for this moment. So I am also agree with your prefer comment. 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.

[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.

Cryptocurrency investment is not for the weak theidea of making profit all the time should not be in the mind of anyone who wishes to start investing in crypto the person will become disappointed when the market turns red, those who understands the market no longer panic when the market is red they only make use of the opportunity to accommodate more in their different portfolios while they wait for the market to turn green again which happens most of the time so it takes an investor who is ready to be patience and financially stable to survive during the dip that's why you must not depend on the profit you make from your investment as you source of income.

[milewilda]

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.

Cryptocurrency investment is not for the weak theidea of making profit all the time should not be in the mind of anyone who wishes to start investing in crypto the person will become disappointed when the market turns red, those who understands the market no longer panic when the market is red they only make use of the opportunity to accommodate more in their different portfolios while they wait for the market to turn green again which happens most of the time so it takes an investor who is ready to be patience and financially stable to survive during the dip that's why you must not depend on the profit you make from your investment as you source of income.

Not for weak minded and not for weak hearted on which at the time that you do touch up crypto space then you should make yourself on emotion being stiff on whatever the challenges that you would really be able to encounter along the way. Its normal that we are really that being that too emotional because we are just that newbies on which at the moment that you do become that having that experience then you would really be able to make out that kind of adjustments on the current dealings that you are in. You would become that tough as the time goes by since you do already know on what you should gonna do. Handling out your emotions might sounds that too basic but on the moment that you are on such condition or situation then it will really be that too hard for you to be able to handle it out and once you do make out such realizations which is really that depending on you on how you would really be able to adjust.

[Hazink]

There is this proverb that says, do not lend someone any amount of money that normally you can not offer it out for free. Lend only the amount you are not afraid of loosing, since you are skeptic about investing in Bitcoin then try with lower investment until you become familiar with the process and how the system works.

This theory of lending out only what you can afford to lose should be implied only when you are dealing with your loved ones. There are those whose lending is their business. Will you also give them that same advice? If the collateral is solid, then you can go ahead; bitcoin investment is not the same as lending out; you just have to approach investing with what you won't need for a long period of time; that way you won't be affected by price swings.

[GbitG]

Hmm, well, crypto investment is a financial act, and in a financial act, we should well need to understand that there is only one thing which can dribble us, whether it's towards losing or profit. Which is Emotions. So before diving into such a risky sect, we all need to learn about how to take control of our emotions because when our emotions are disturbed, there is a strong possibility that our sense of decision will choose the wrong side. So you have to modify your emotional communication character.

So, elaborating on this discussion further, I would like to tell you that CZ has figured out the right point that invest as much as you can afford to lose. This is the initial step of emotion handling, if you maintain it, then you will be psychologically ready to tussle against market sentiment, panic, etc.

[red4slash]

So, easy to just ignore the price of bitcoin which allows us to not have emotions. I agree we should not expect a quick profit, which means we should not be really assuming that bitcoin will be get us rich overnight.

Situations like this always happen and indeed the high expectation to get quick profit but not expecting the risk that must be considered from the start is always a problem that many people have in this scope.

In terms of trust, they believe in bitcoin but they expect too fast just because greed is sometimes much greater than common sense which makes them not really accept when there is a decline which is actually a normal thing to happen but they don't expect something like that because they don't want to accept the risk but expect the profit in it.

There are so many beginners, especially those with fomo who expect bitcoin to always shine because they want big profits quickly but they sometimes feel cheated by volatility even though we are aware that volatility cannot be sided with bitcoin in the end.

[Miles2006]

Sincerely don’t know why investors panic at every dip, investing also can be seen as a risky move and understanding the choice of investment first can help anyone including newbies. Not every investor can hold bitcoin without loss for example investors who chase after quick profit should not bother holding bitcoin, while long term plans don’t need much pressure that’s the point op is referring to for example invest what you can afford to lose secondly don’t trust bitcoin or other investment 100% as it might lead to heart break, going all in is totally wrong that’s why investing gradually is advised.

[john_egbert]

Sincerely don’t know why investors panic at every dip, investing also can be seen as a risky move and understanding the choice of investment first can help anyone including newbies. Not every investor can hold bitcoin without loss for example investors who chase after quick profit should not bother holding bitcoin, while long term plans don’t need much pressure that’s the point op is referring to for example invest what you can afford to lose secondly don’t trust bitcoin or other investment 100% as it might lead to heart break, going all in is totally wrong that’s why investing gradually is advised.

Simply put - because they are scared.

If they had more knowledge, they wouldn't feel a nerve due to any dip on the BTC chart.

[cryptomaniac_xxx]

Sincerely don’t know why investors panic at every dip, investing also can be seen as a risky move and understanding the choice of investment first can help anyone including newbies. Not every investor can hold bitcoin without loss for example investors who chase after quick profit should not bother holding bitcoin, while long term plans don’t need much pressure that’s the point op is referring to for example invest what you can afford to lose secondly don’t trust bitcoin or other investment 100% as it might lead to heart break, going all in is totally wrong that’s why investing gradually is advised.

Simply put - because they are scared.

If they had more knowledge, they wouldn't feel a nerve due to any dip on the BTC chart.

That's fine though, I mean it could be a big lessons for them, who just push the sell button and panic every time there is some FUD. Gonna be cyclical though, maybe those who have learned their lessons already will hold, but then a new set of investors comes in.

And another benefit of it is that it shows how liquid the market is. Because if there are no sellers in the market, then it might not be as healthy as it is to be. So again, it's a vicious cycle at but least there are mutual benefits and it's going to be good for us in the long run.

[Nothingtodo]

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.

Pumping and dumping will occur in the crypto market in two phases. In each case, you have to be patient and deal with it. When a holder, trader, or investor makes a profit, they enjoy themselves immensely. However, if a profit is not made, they should not be disheartened. Instead, they should be patient and wait for the market to correct. However, in every case, it must be remembered that an investor will invest only the amount that he has the capacity to bear.

[Kelward]

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.

[FortuneFollower]

Pumping and dumping will occur in the crypto market in two phases. In each case, you have to be patient and deal with it. When a holder, trader, or investor makes a profit, they enjoy themselves immensely. However, if a profit is not made, they should not be disheartened. Instead, they should be patient and wait for the market to correct. However, in every case, it must be remembered that an investor will invest only the amount that he has the capacity to bear.

It's all part of the process, especially regarding BTC.
Whether we like it or not, we should be patient and continue to do so.

[Ricardo11]

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.

Those who can increase their holdings without ever being afraid of volatility will be the ones who will benefit in the long run. Emotions are the biggest obstacle to human beings, because this emotion causes investors to panic and make the wrong decision to sell their holdings.
In fact, at the beginning of the investment, investors must be sure that no matter how much Bitcoin is dumped, the holdings can never be sold, and they must invest with that money, Which has the capacity to take this risk. To get effective results from Bitcoin investment, there must be long-term holdings, and to keep the investment long-term, so it is necessary to first research everything and make the right decision for it.

[Pandorak]

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.

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.

They don't have a good trading plan, strategy, money management, often don't even do research on the token they want to buy, just think profit and profit, until finally when the market corrects they get emotional and think this is a scam, I often see people like this, lol.

[OcTradism]

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.

They don't have a good trading plan, strategy, money management, often don't even do research on the token they want to buy, just think profit and profit, until finally when the market corrects they get emotional and think this is a scam, I often see people like this, lol.

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.

[HONDACD125]

They don't have a good trading plan, strategy, money management, often don't even do research on the token they want to buy, just think profit and profit, until finally when the market corrects they get emotional and think this is a scam, I often see people like this, lol.

A whole lot of greed and a lack of knowledge are the ingredients that form such people. They can be found everywhere these days, bus stations, schools, offices, public places, and every other place, you name it, and some of them even go a step ahead, they discuss trading and cryptocurrencies as if they know and understand everything, some might even give advice to their friends and closed ones because they have been into crypto for a whole month and they now can read charts.

You know, such people are amusing. You will have a good time if such a person is around you because they will keep entertaining you the whole time. Imagine you know something isn't true but someone keeps throwing false information on you and others in the gathering, that is so funny and frustrating at the same time.

[GeorgeJohn]

You may be right that there still some panic but in my opinion, it is a bit different since a person didn't invest all of their money because they invested what they can afford to lose so even if they did lose but they still have some money left that wasn't spend to buy coins. After all, the amount invested is what you can afford to lose compared to investing all the money you have which means the result will be different.

some people misunderstood any kind of investment plans, even in cryptocurrency, do you know that they're some people who venture into investment with curiosity and also with pressure of their friends, so I think that the best thing to do in any kind of investment someone want to embark on, is to know he or her pocket, to figure out or to know what is reasonable he or her  are to invest, so that in short time or long time it will not affect them, so investing what you can afford to lose, doesn't mean that you use whatever you have to invest, it means, invest what that will not affect your lines of business.