Feel the pressure?

[aoluain]

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.

I'm exactly the same. With a long term outlook the short term volatility dont
stress me at all, I have 8 years of experience and havent reacted to the market
falls in about 7 of them! I turn the potential negativity into something positive by
buying the dips (not every time but when I can)

-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.

I have been there, back in 2017 when the market dropped from ~$20k to
less than $4k weeks later - I HODL'd so now dips like this dont move me at all!

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?

I recon most people cant read the markets, cant read the charts and dont have
the experience. So they are torn between all the different opinions from
various media channels and dont know what to do which causes stress.

If in doubt HODL

[l99l]

The price of Bitcoin is highly volatile, so it's important not to be fooled by such short-term price fluctuations.
I used to be very stressed by these price fluctuations, but I no longer experience them because I've gotten used to them and am confident of where they will go in the long term.
You might see a price drop today and a price rise tomorrow, and this is all due to volatility.

[GeorgeJohn]

This is exactly my cordial advice to some people who is technically new in the system of Bitcoin investment, irrespective the price of Bitcoin if the price is going negatively or the price is going positively I don't think that it is need for for we to panic to sell when we did not budget to sell our Bitcoin, the illustration you gave is advice to some people who quickly said their Bitcoin when they seems that the price is accelerating they continue to sell their Bitcoin but when they says that the price is low they will hold their bitcoin and buy more, so it is better for you to hold the one you have knowing that the price of Bitcoin always appreciate, and the each of the year carries its own price in Bitcoin, so we don't need to panic to sell bitcoin.

[SATWAT]

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.

This point needed to be understood why we sell while correction is happening we have to wait because it's time to watch and enjoy if someone trying to cash out try to give him positive views currently selling is not good always wait for price to stable and have good gain.

I have also done few mistakes in the past, but now I am doing nothing just enjoying and keeping things on balance because I can understand this movement is going to end and price is going to have changed this correction is mean sometime if you can afford then taste this dip and stay positive panic sellers always having troubling time after things back to normal because they usually regret about their actions always need to stay on good and never feel pressure of this temporary correction.

[danherbias07]

I'd sell if I need money for an emergency, but I would not even though the price changes downwards.

IMO, Bitcoin is an asset that should be kept for the long run. I guess I learned my lesson the hard way. I kept on selling it before because I always panicked that it might go down again. But now, it's very different because I don't think it can just drastically go down due to the ETF and other good reasons.
Well, if your friends are somehow like traders and want to take advantage of the dip, then do so, but it will be hard to go back after selling.

[Zaguru12]

-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?

The advice I usually dish out is everyone should do themselves, don’t go and actually be following the crowd or a group as you have putted it out, we all have our own risk tolerance to how to handle things like this, for me it is best to figure out how you think you can handle your own risk. But one thing that is certain is the fact that you will most definitely see bitcoin increase in price, so if you sell off and get frustrated with the price pump then you’re actually going to feel this for long because bitcoin will actually continue to increase.

For me everyone should have there own specific price where they will set as take profit target, if you set this simply stick to it, don’t get carried away by what the group say. The only bad thing is selling at a loss but any profit is a profit, for anyone looking to maximize profit it is best to actually go for a long term and not be selling and buying back in short period of time

[harapan]

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?

Well for some person's like your friends that feels so reluctant and calm over the amount they sold I don't see anything wrong because our approach to things as well as our decisions varies, so they can actually go for what favours them and left for me I don't think selling off a small amount would actually do me any better so better still it's best I hold up and save myself from panic selling.

[arwin100]

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?

Well for some person's like your friends that feels so reluctant and calm over the amount they sold I don't see anything wrong because our approach to things as well as our decisions varies, so they can actually go for what favours them and left for me I don't think selling off a small amount would actually do me any better so better still it's best I hold up and save myself from panic selling.

They should go on what they think best for them and nothing wrong to sold a bit of their Bitcoin especially if they already made a profit. Deciding to sell 10% of their holding is not actually bad since they still have Bitcoins left.

Its good to reward their selves if they feel like doing it since they might regret for not selling especially if there's a correction happens.

I do this sometimes especially if I really need it, but also I make sure to accumulate more Bitcoins if it happens that I get more extra funds to spend.

[₿itcoin]

selling a slice could actually help you calm down your instincts, most often loss aversion & mental accounting tend to push people to lock wins, it is kinda human disposition effect. I cant deny that it calms your nerves however it obviously shave returns. it is now well proved that longterm hodlers have historically outperformed shortterm traders. In my case I buy Bitcoin when I get a chance & stop looking at the TradingView charts every now & then. cause the more you look at the charts the more your mental pressure &  mood swing will increase.