Are you now desensitized?

[kotajikikox]

Bitcoin goes in a cycle. Up and down. Down and up. But every market movement still gets reported in a way that attempts to shook the investors and make them think and make them act impulsively either through FOMO or FUD.

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

[zasad@]

If you do not trade with leverage on exchanges and store bitcoin in non-custodial wallets, then you have nothing to worry about.

Exchanges see all longs and all shorts and they will always play against the majority of traders.

Blockchain allows you to bypass sanctions and various restrictions between countries, so for now this technology will be actively developing.

[cryptomaniac_xxx]

Bitcoin goes in a cycle. Up and down. Down and up. But every market movement still gets reported in a way that attempts to shook the investors and make them think and make them act impulsively either through FOMO or FUD.

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

I guess it will take at least one full cycle, full 4 years into Bitcoin that you will realized the ups and downs and how to react to it. At least this is what I experience before when I started my journey.

Prior to joining this community, I went into a full cycle and after that I just thought that I needed to learn more and then I joined this community. So now that I experience it already, I don't feel anxious, on the contrary, it's better to take advantage of it as what others might be doing before.

Buy in the dip, HODL and just continue to accumulate as much as you can.

[betswift]

No worries because there is nothing that can halt BTC's rally as a short-term effect.

Sure, stability is lower or higher around the world, but that changes, and investors gain or lose confidence in a never-ending cycle.

[Free Market Capitalist]

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions?

I don't think there is a universally applicable answer. But it's not just about time, it's also about mindset. With a long-term mindset you don't care about the ups and downs.

Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

No, I have simply been investing for many years for the long term. In most cases with DCA. Before bitcoin I was already investing in funds, and stocks. In the end you take volatility for granted, like going to the sea and seeing waves.

[Ambatman]

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions?

There's no how long. It's quite subjective  it depends on various factors like mindset, knowledge and some experience among others.
There are People that knew about Bitcoin under a year and they are resistant to market movements
Than some that have spent a decade.
Example of such people are some that held bitcoin even when it was nothing
And still held even after it crossed $10K.

Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

Anxious is something I think you would feel if you trading especially futures
There's some annoyance and negativity felt during dips but what matters is how you hold on.
Personally If I feel the performance is getting to me, I just go to the WO thread and read their posts.
It helps.

[fikrett]

If you do not trade with leverage on exchanges and store bitcoin in non-custodial wallets, then you have nothing to worry about.

Exchanges see all longs and all shorts and they will always play against the majority of traders.

Blockchain allows you to bypass sanctions and various restrictions between countries, so for now this technology will be actively developing.

Smart money always finds ways to lure retailers in, but never let them out, unfortunately

We just need to accept it and hodl our BTC not looking at these short-term events that - may - happen.

[stadus]

It’s not really a concern if you’re a long-term investor. When you look at the bigger picture, the overall trend is still going up. But for short-term traders or day traders, it’s a different story, they need to play it smart to stay profitable in this kind of volatility.

What we’re seeing now is high volatility, and there are many reasons behind it. For those of us who’ve been in the space for years, this isn’t anything new as we’ve seen it before. The key is to understand the cycle and play the game right.

[Dunamisx]

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

When we get to that particular stage or reach the extent nto which all these social media buzz will be of nothing anymore to us, they do have impact on the market, but in a short time effects, but when we know how we could balance the strategies used together with our analysis under fundamental, technical and try to avoid any unnecessary FUD and FOMO, we are going to have more confidence in what we do than ordinarily being influenced by the news.

[rdluffy]

It's a good question and I can relate

I started dealing with cryptos in 2017 and I suffered a lot with the crash of 2018, I kept a lot of coins in my bag in which it devalued practically 80 to 90% of my portfolio
Every day and week it devalued more until a point when I simply stopped following the price and decided that I would let it go to zero if I had to
I decided that I wouldn't sell with as much of a loss as I was making

Then the price gradually improved, and by the next cycle I was doing much better
But it was only in this cycle that I became more "mature" to deal with the ups and downs

Today I'm much calmer after everything I've been through in relation to the price, I've suffered from exchange hacks, crashes, black swans, rug pulls etc. hehehe 

[hero_the_bossman]

It’s not really a concern if you’re a long-term investor. When you look at the bigger picture, the overall trend is still going up. But for short-term traders or day traders, it’s a different story, they need to play it smart to stay profitable in this kind of volatility.

What we’re seeing now is high volatility, and there are many reasons behind it. For those of us who’ve been in the space for years, this isn’t anything new as we’ve seen it before. The key is to understand the cycle and play the game right.

I would say that there are two ways - not care that much about the broader picture because you still just hodl long enough to see the results, or you try to play it smarter with potential going short-term, while spending much of your nerves and power on it.. Which I don't like that much.

[bitzizzix]

If you take everything you mentioned seriously, then you are not a long term holder and you are not a strong hand. Because I don't think current investors, especially those who have been involved with Bitcoin for a long time, are going to be affected. And yes, those things are going to have a negative impact on the market, but it is temporary and like the trail, it will eventually go back up and continue to go up and that is what they believe and what they are sensitive to what is happening to Bitcoin. And for those who are new and haven't gone through a couple of cycles at least two cycles to really get a feel for what is always going to happen to Bitcoin that has happened before will happen again there is probably going to be a sense of panic and potentially impulsive action.

[Felicity_Tide]

~snip

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

I'm not sure of how long someone has to be involve with Bitcoin before having this desensitized mentality about the ups and downs that is attached to Bitcoin. The thing is, being desensitized doesn't really have to do with the times spent, it is basically knowing that there is literally nothing you can do(as a retail investor) to correct or make things go the way you want. The issue of fluctuation isn't tied to be Bitcoin alone. It is natural to fear or panic when we see the candle sticks reflecting red for a longer period instead of green, but there is literally nothing a mere retail investor can do about it.

Like I said, it is natural to fear, but when that fear leads to FOMO, it makes me wonder if these people haven't witnessed a Bitcoin comeback before. This is clearly the supposed trick of Institutions that invests in Bitcoin. For them, there is clearly nothing to panic about since their money is definitely in a safe asset.

Personally, I feel anxious, which is proper imo.
But it becomes unhealthy of me to start to FOMO, when Bitcoin can literally go either ways in a matter of hours.

[FortuneFollower]

~snip

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

I'm not sure of how long someone has to be involve with Bitcoin before having this desensitized mentality about the ups and downs that is attached to Bitcoin. The thing is, being desensitized doesn't really have to do with the times spent, it is basically knowing that there is literally nothing you can do(as a retail investor) to correct or make things go the way you want. The issue of fluctuation isn't tied to be Bitcoin alone. It is natural to fear or panic when we see the candle sticks reflecting red for a longer period instead of green, but there is literally nothing a mere retail investor can do about it.

Like I said, it is natural to fear, but when that fear leads to FOMO, it makes me wonder if these people haven't witnessed a Bitcoin comeback before. This is clearly the supposed trick of Institutions that invests in Bitcoin. For them, there is clearly nothing to panic about since their money is definitely in a safe asset.

Personally, I feel anxious, which is proper imo.
But it becomes unhealthy of me to start to FOMO, when Bitcoin can literally go either ways in a matter of hours.

When it's your first cycle, you fear.

When it's second, you fear less, but feel anxiety more, and still give it a place in our heads.

Going forward, we think about it less and less, because it affects us very little, and we just continue to accumulate properly.

[lovesmayfamilis]

This happened to me in the beginning, when I regularly checked the price of Bitcoin several times a day. I think that many beginners are subject to this, and I do not see any problems. Over time, we become witnesses; some experience shows us the results of vain worries due to the volatility of Bitcoin, and for some, it brings grief about past impulsive sales. Now, of course, those who have been watching the price movement for many years are unlikely to worry, especially in the period of long-term plans, since we have all seen that only patient and strong hands make a profit while maintaining their good health.

[john_egbert]

This happened to me in the beginning, when I regularly checked the price of Bitcoin several times a day. I think that many beginners are subject to this, and I do not see any problems. Over time, we become witnesses; some experience shows us the results of vain worries due to the volatility of Bitcoin, and for some, it brings grief about past impulsive sales. Now, of course, those who have been watching the price movement for many years are unlikely to worry, especially in the period of long-term plans, since we have all seen that only patient and strong hands make a profit while maintaining their good health.

This mentality is okay in the beginning, but not good going forward, of course - it is crushed when you gain more experience and knowledge of why BTC is such an appreciated and trusted coin and what brings interest of both retailers and big players alike.

It all clicks from there, and becomes better and better with each cycle.

[Muba20]

Those who have been involved with Bitcoin for a long time must have a good idea of ​​how fraud is spread in the market and harms ordinary investors. Due to ignorance or lack of sufficient knowledge, new investors often listen to various rumors and later get cheated. In the beginning, most traders have little idea about Bitcoin, so they can be hurt in various ways. However, over time, those investors get better ideas and are able to make themselves skilled. I was a little confused about investing in Bitcoin at first, but after being regular in the market for a long time, I have now been able to bring myself to a stage where no one can deceive my goals by spreading fraud.

[Iranus]

I think the timing of our entry into the market is not important because there are also people who have been in the market for a long time or very early, but can still become anxious or impulsive whenever the market fluctuates strongly. In my opinion, this depends more on our level of understanding and belief in bitcoin. Because there are many new investors entering the market in the past few years but they quickly become bitcoin maximalists and have absolute faith in it. For these people, the lower the price of bitcoin, the greater the opportunity they see.

[AprilioMP]

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

I don't really care about the news that makes the price go up and down — up and down because until now I have only focused on getting income and part of my income is intended for long-term investment in Bitcoin. If this month I can get 0.002 with the money I set aside, maybe the next month it can be more than 0.002 or less than 0.002.

There is no anxiety and from what I feel so far I can say I can control myself.

[serjent05]

Bitcoin goes in a cycle. Up and down. Down and up. But every market movement still gets reported in a way that attempts to shook the investors and make them think and make them act impulsively either through FOMO or FUD.

My question is how long should you have been involved with bitcoin to be desensitized with news that is trying to target investors into making irrational decisions? Even after years of being into bitcoin, do you still feel anxious and act impulsively? Or have you gotten a hold of yourself?

I have known cryptocurrency since 2014, have witnessed what happened on the market ever since. I used to be affected by news in my early years but seeing and hearing the same news again and again made me numb.  All I know is that Bitcoin is highly volatile, and I read about the 4-year cycle pattern, which I think is still in effect.  Regardless of the news, Bitcoin seems to follow this pattern, and each cycle brings the Bitcoin price to a new high.  The only exciting news I can hear now is a country planning to have a Bitcoin reserve and all these newly launched ETFs and institutions accumulating BTC.  All the news about FUD and exaggerated speculation to create FOMO are just a normal thing to me now.