Feel the pressure?

[coolcoinz]

I'm fascinated by psychology and how people react to this by receiving the mood and amplifying it themselves.

Let's say you are a person with 10BTC bought at $80k. When we went to 100k you sold some of it, like 20%, so you now have 8 BTC. It went to 124k and now is down to 111k. Logic dictates that you should be happy with 0 pressure to sell because you're nowhere near a loss and the price is above your last sell, and far above your buy, yet in reality you will most likely be unhappy and feel like you should sell more. Why?

-other people are negative
-red candles induce fear of the unknown. What if it goes down more and never stops?
-downtrend makes you feel like the whole investment is somehow flawed and endangered
-you don't know what's up, but maybe others do? Maybe you should follow the group? Do what others are doing?

It's funny, but some of my friends told me that they'd feel better if they sold just a bit, even 10% of their coins and that would make them feel better and safer. According to them, selling a small amount would calm them down.

How do you guys feel during a time like this?

[Asiska02]

I would also feel better just like your friends. The fact that the price I bought them earlier, when compared to how inflation may have affected it, I will still stand on the winning side of it. I won’t feel pressured because I would have made up my mind what my profit targets for the bull season will be, whether taking partial profits or full profits.

If I’m able to achieve that so soon, I won’t mind keeping the rest after taking my partial profit target to allow the pressure die down or sell them all to take my profit while waiting for another bearish cycle to invest again. This pressure felt just affects us differently based on how we’ve made up our minds before embarking on the investment.

[lionheart78]

How do you guys feel during a time like this?

I feel relaxed, Bitcoin is in for the long run, as a person who believes in that, I should not worry about anything happening in recent days.  Since I have my sight in the future about 4-5 cycles, I should not be stressed by the roller coaster of Bitcoin price.  I will only feel the pressure if my target date is getting close, but it would be at least 16 years from now So for now I'll just enjoy the news, gossip, rumors, and clowns' activities and get entertained.

[Pandorak]

How do you guys feel during a time like this?

Of course, it cannot be denied that the recent significant decline has made Bitcoin and other token holders worried about further declines. On the other hand, it is important to understand that when you buy for the long term, you don't need to worry about this decline because your focus is on the future, and we know that Bitcoin prices always rise every cycle, you just need to be patient.

However, when you buy like a trader seeking to profit from price differences in a relatively short period of time, this is what causes you stress. If you have a little knowledge of technical analysis, you would know that this correction is something that must happen. We are still in a bull market, so there is no need to be too afraid, even though a bear market will come in a few months. I am confident of that.

[mich]

Well for me I do not want to think of the fomo and the fud. I am a longtime hodler so for me the short term price does not make me feel anyway. I will just not look at my wallet if we are in a 'bear market'.

Bitcoin is so volatile there i always going to be alot of dips. If we feel the pressure then we should not be investing so much in it. I do like when there is a chance for me to stack cheap sats if the price does go down.

[AprilioMP]

How do you guys feel during a time like this?

The purchase price at $80K, when the price rises to $100k, is partially selling with the example you mentioned. Then the price rises again to $124k.
Means that when he sells at $100K, he has gained profit from the amount sold. To note, the initial motivation to buy Bitcoin for what. If he wants to get a profit for price returns, then what is done is correct by not selling it all of his bitcoin.

There is a good thing, he will feel sorry for sales at a price of $100K when the price of Bitcoin is at $124K. Likewise, when the price of Bitcoin later when it is below $80K.
For me, the long term with the target time is 4 years closest.

[Oshosondy]

I bought bitcoin when it was around $20000 and I sold some first when it got to $100000 the first time. I bought some when it when below $80000 and I sold some of the coins around $100000 again. Only little is remaining and I do not feel any pressure at all. I gained more than I lose. If I am not losing and I have gained, I will also never feel any pressure at all this time.

[Gozie51]

It's funny, but some of my friends told me that they'd feel better if they sold just a bit, even 10% of their coins and that would make them feel better and safer. According to them, selling a small amount would calm them down.

Well what is happening to your friends is the feeling of nostalgic and FOMO. They don't want to lose all the profit or they fear that their profit would disappear by the next minute after they had gained from their investment. Another possible thing is they may not have enough money to keep away from the investment for a long hodl, so they want to touch it for other expenses.

How do you guys feel during a time like this?

It depends on the decision taken at the time of investment and that is why we need to set our profit goal at any point so that we know when to exit or at what percentage we should alter the investment. For example, buying at $80k and price move to $100 k, that's already 20% increase x how many units of coins. I can decide to take out the 20% for each and continue with the capital @ $80k and now that the price rebounce to current price of $111k that extra 31% which is total of 51%, instead of continuous hodl from the time of purchase.

[davis196]

-other people are negative
-red candles induce fear of the unknown. What if it goes down more and never stops?
-downtrend makes you feel like the whole investment is somehow flawed and endangered
-you don't know what's up, but maybe others do? Maybe you should follow the group? Do what others are doing?

It's funny, but some of my friends told me that they'd feel better if they sold just a bit, even 10% of their coins and that would make them feel better and safer. According to them, selling a small amount would calm them down.

If 100% of my life savings were invested in BTC I would be a little bit nervous every time the Bitcoin price drops by 10-20%.
Fortunately, most of my life savings are invested in less volatile assets. I have a relatively low risk tolerance and I'm definitely not one of the traders/investors, who have "balls of steel" and would never sell(even if the price drops down to 20K or below).
I totally understand the traders, who are feeling the urge to sell when the price drops. I also had the same mentality several years ago. This made me sell lots of BTC at the wrong price.
In trading/investing, following a group is the worst advice ever. Warren Buffet shared the opposite advice. When others are greedy, be fearful, when others are afraid, be greedy.

[Ishicryptic]

To avoid the overwhelming pressures of dip you need to have a mindset of long term and believe that Bitcoin will always pump and reach ATH, if you are not planing on selling off or taking profit you don't have to be under any pressure. But if you are planning to take profit and expecting price to hit a particular target first and it suddenly dip then continue a downward trend it can be very frustrating. Anybody that wants to enter Bitcoin investment should understand that it is a volatile asset and it can dump and pump without any notice. As we are currently experiencing a decline now what I can say is that if you are not in a hurry to take sell and take profit it is better to hodl and wait but you wouldn't know for how long.

[Mahanton]

I'm fascinated by psychology and how people react to this by receiving the mood and amplifying it themselves.

Let's say you are a person with 10BTC bought at $80k. When we went to 100k you sold some of it, like 20%, so you now have 8 BTC. It went to 124k and now is down to 111k. Logic dictates that you should be happy with 0 pressure to sell because you're nowhere near a loss and the price is above your last sell, and far above your buy, yet in reality you will most likely be unhappy and feel like you should sell more. Why?

-other people are negative
-red candles induce fear of the unknown. What if it goes down more and never stops?
-downtrend makes you feel like the whole investment is somehow flawed and endangered
-you don't know what's up, but maybe others do? Maybe you should follow the group? Do what others are doing?

It's funny, but some of my friends told me that they'd feel better if they sold just a bit, even 10% of their coins and that would make them feel better and safer. According to them, selling a small amount would calm them down.

How do you guys feel during a time like this?

That’s the crazy thing about psychology in trading, even when you’re in profit you can feel pressure like you’re doing something wrong, people tend to forget where they started and only focus on what’s happening right now, so even if you bought at 80k and sold some at 100k you’re already in profit, yet the red candles suddenly make you think you’re in danger. The reality is profit is profit, it doesn’t matter if the chart goes higher later, what you took already is secured and nobody can take that away, looking back only creates regret like “i should have waited” or “i should have sold more,” but those thoughts don’t help, they only mess with your discipline.

Many traders actually sell a small percentage just to ease their mind, like your friends said, it’s more psychological than logical, because securing even a small gain gives that sense of safety, it’s not necessarily a bad move if it keeps you calm and stops you from panic selling later, but the main point is once you’ve taken profit don’t torture yourself by comparing to what could have been, the market always moves, sometimes up sometimes down, if you keep looking back you’ll never be satisfied, the healthy way is to lock in what you’re comfortable with, accept it, and move forward, because at the end of the day secured profit is always better than imagined profit.

[Pandu Geddon]

Logic dictates that you should be happy with 0 pressure to sell because you're nowhere near a loss and the price is above your last sell, and far above your buy, yet in reality you will most likely be unhappy and feel like you should sell more. Why?

Because there are still concerns if there is a deeper price drop, even lower than the purchase price. That's what makes holders feel uncertain and not quite happy with selling a fraction of what they have. Another concern is that it will take quite a long time for Bitcoin to return to its current price if it has already fallen. In reality, we never know how long it will take to recover.

Feeling pressured by such a situation is common. But if you have focused on the price target you want, remain patient with all the risks occurring in the market. If your target is reached in the future, perhaps you will be the one laughing the loudest.

[348Judah]

I'm fascinated by psychology and how people react to this by receiving the mood and amplifying it themselves.

Let's say you are a person with 10BTC bought at $80k. When we went to 100k you sold some of it, like 20%, so you now have 8 BTC. It went to 124k and now is down to 111k. Logic dictates that you should be happy with 0 pressure to sell because you're nowhere near a loss and the price is above your last sell, and far above your buy, yet in reality you will most likely be unhappy and feel like you should sell more.

We can decide for ourselves once we are already into profits, any decision taken by us will only lead to more progress at the long run, sir may decide to sell now and later reinvest when the market plummet, while some may not sell, instead decide to continue with holding to the next bull season, which is definitely going to be massive, because the market more certain for what it renders in the future, once this is all about bitcoin in crypto.

[Alpha Marine]

There is no way a person who has an investment will have zero pressure or worry when he sees the bitcoin price go from $123k to $111k. Even if you bought it at $50k and have taken a profit a couple of times, and are a long way away from going into a loss. In human nature, we always want the most profit. If all things go south and we lose, then we will take consolation in the fact that we didn't lose everything, but since we haven't lost, we want the most of it.

How do you guys feel during a time like this?

It's how you deal with that worry or fear that matters, not the feeling itself. It's very normal to feel worried, anxious, and all sorts of emotions. We're humans, not robots, and it's in our nature, but don't make decisions out of fear, uncertainty or doubt.
Currently, I have a small amount of Bitcoin I bought when the Bitcoin price was at $86k or thereabouts for a specific purpose. I planned to use it for something at the end of the year or sell it if it gets to $150k before then. Seeing bitcoin go from over $120k to $111k is worrying, to be honest, but I'm not going to panic and sell it off just so I don't lose. I have a plan, and I have to stick to my plan. So yeah, the emotions are normal, but we have to control the emotions and make well-analysed decisions.

[Popkon6]

What you are doing is right, if you are saving Bitcoin for the future, then if you are selling Bitcoin, then you must have thought wrong. Because Bitcoin increases savings for the future, those who are selling Bitcoin are basically fools.
However, if your friend has sold a little Bitcoin, then there is no point in regretting it, because the market could have been dumped from where it was. Every person is unaware of the future of the price of Bitcoin, because what is past is past, there is no point in worrying too much about it. Your friend should be calm about the Bitcoin that he has, because this has been going on for a long time, those who are selling Bitcoin are becoming fools in the future.

[Webetcoins]

The main reason is basically manipulation by others, if they do sell of course.

Not everyone sells, but some people do sell and when they do, they do that because they are manipulated and that is not really what we are after, it is not that acceptable at all.

This is why I can't really do anything with it at the moment, we should be considering this as something that will be based on the social media.

Because most of that manipulation comes from the social media and they end up making these mistakes.

If you keep seeing what people are writing you will see that it is not that easy and it has so many problems there and you will see people reacting way too much about it without much trouble and end up with wrong moves.

[Jawhead999]

Not really.

I separate the coins I hold for long term and the coins I hold for short term.

Regardless how much the price, I won't touch the long term holdings, except I want to sell or buy big sum at one time.

For short term holdings, I buy and sell whenever the price move 10-20%.

People get pressure to sell because they're not ready to hold as big as they've bought.

[cryptomaniac_xxx]

I think there is pressure here, but maybe your friends are hiding it by saying that they want to sell to ease the pressure. But the question is, why would you sell at this price when the market is on the correction?

Sure you can still make a lot of profits still, but logic says that you might have to wait for the price to start pumping again and make more profits. So definitely the psychology is too big for your friend that's why he wanted to sell. Hopefully you can advise him not to because if I'm in that case, I will just ignore what correction and on the contrary, he might want to buy more.

[passwordnow]

I've felt that, I've been there and done that. But I think in the end, it's still going to be the same feeling of selling too early. No problem if taking the profit above the cost and that's your sole decision. While for those who can hold longer, they'll just feel no worries at all and can wait further when the right time comes. Right now, I don't feel any pressure at all. I can think of how many times I did a mistake in the past long time ago. But time that has been used cannot be back, but Bitcoin's sold too early can be bought back.

[OgNasty]

I didn’t sell when we went from $110K down to $80K, so I don’t see why I’d sell when we go from $120K to $110K. You should have been there for the drop from $32 down to $2 while everyone was calling Bitcoin a scam and making fun of anyone who used it. That took faith. Zoom out if you’re worried about the price.