Overcome from mental fluctuations.

[ruykeri]

Since the price of Bitcoin started to fall, most people have been advising to hold or not sell Bitcoin. Many are even saying to use this opportunity to buy more Bitcoin. I myself support these things, but I don't see much discussion about how to keep your mental state under control at this time. It is difficult to control yourself with just theoretical words when the price of Bitcoin is falling at a high rate, especially those who are new or have recently come to Bitcoin investment. Because when the price of Bitcoin was falling, I myself was in a panic, at that time I calmed myself down in various ways. I want to share some practical things, maybe it will be beneficial for many.

First of all, before starting to invest, if you can invest with a fund that will not change your lifestyle or financial situation if lost, you should invest with that money. After that, how to keep yourself calm when the price drops.

1. One thing to remember is that if the price of Bitcoin drops, you will not suffer a loss unless you sell Bitcoin. So take a minimum of 1 day before selling. After that, if necessary, start writing in a notebook why you should sell and on the other side why you should not sell.
Then you will understand the difference yourself. Because the reasons for selling your Bitcoin holding will be emotional but the reasons for holding will be logical.

2. If the mental state goes to such a level where you are selling. Then you dont have to  change your decision and give yourself a little gap. Put your phone away for a while, do other things, calm yourself down and you will see that your decision will change because when you are calm, you will be able to make the right decision.

3. Bitcoin prices fluctuate, it is a completely normal thing for everyone. But why fear arises when it decreases varies from person to person. You have to determine what you are afraid of and what you are afraid of before deciding to sell. There may be some reasons for this, such as the valuation of Bitcoin will become 0. Or I will lose everything
Then you will get the right idea only if you review the past condition of Bitcoin. Because in the past, Bitcoin was much more high and low than it was. But in the long run, Bitcoin has turned around only with time.

4. I have followed a trick these past few days that is when I feel like selling Bitcoin, I remember the price at that time. The next day, when I feel like selling Bitcoin again, I notice the price of Bitcoin that day. Then I see that it has increased a little or decreased a little but it does not disappear completely. Because I believe that if I sell it, I will lose, but if I hold it, my wealth will be stable.

I am noticing this Bitcoin price decline for the first time since I started investing for a few months. I have followed these things so that I can keep myself calm. If you want, you can share your personal experiences, it will benefit everyone.

[NewRevelation]

All of these you have written are just talks and paper works, to me, it is quite different from a real live situation and the feelings that comes when you see your BTC assets keep declining in a high speed within few weeks as we experienced. Surely, I see panicking in investors as something natural, as they are only reacting to the present declining stage of Bitcoin price. This panicking becomes even more real and worse when such an investor did not accumulate Bitcoin from his discretionary income, bought a lump sum or so without proper planning and not from his reseeve funds and if such an investor also failed to build up his emergency funds.

So long as these features mentioned above where the real situation of the investor, then panicking is inevitable, and an option of selling will be the next plan, at least, to save some investment, since he had invested with the money he couldn't afford to lose.
So the only way that an investor will be able to calm his pressure down in the face of Dips, and not consider selling or been able to control himself is that he, when he started his investment journey, he invested with his discretionary income, he was also able to build his emergency funds alongside his investment, and was more consistent and concentrated on DCA buys. Only these situations can really calm an investors mind in the face of Dips

[The Founding Titan]

All of these you have written are just talks and paper works, to me, it is quite different from a real live situation and the feelings that comes when you see your BTC assets keep declining in a high speed within few weeks as we experienced. Surely, I see panicking in investors as something natural, as they are only reacting to the present declining stage of Bitcoin price. This panicking becomes even more real and worse when such an investor did not accumulate Bitcoin from his discretionary income, bought a lump sum or so without proper planning and not from his reseeve funds and if such an investor also failed to build up his emergency funds.

So long as these features mentioned above where the real situation of the investor, then panicking is inevitable, and an option of selling will be the next plan, at least, to save some investment, since he had invested with the money he couldn't afford to lose.
So the only way that an investor will be able to calm his pressure down in the face of Dips, and not consider selling or been able to control himself is that he, when he started his investment journey, he invested with his discretionary income, he was also able to build his emergency funds alongside his investment, and was more consistent and concentrated on DCA buys. Only these situations can really calm an investors mind in the face of Dips

Even though you are investing only with your discretionary income as any good investor should, it will still be difficult for you to completely ignore the urge to sell especially if you are new to bitcoin investment, I am scared of this DIP because seeing bitcoin drop from over $120k to under $90k in less than a month is alarming for someone like me and I'm sure there are others who feel the same way, maybe if I hadn't invested in bitcoin I would have most likely spent on that money on irrelevancies but that also means that I won't be seeing the money again so no big deal, but I'm still seeing the money and it has been growing, the major guard against selling is the knowledge that something like this has happened before and I'm not the only one experiencing it, so if people who have invested more money are willing to hope then I'm willing to bet on their believe through their experience that bitcoin will make a comeback, plus I have seen it's price charts over the last few years and I have seen that bitcoin has always recovered in the past so that's also giving me hope that it will recover again, it might just b discretionary income, but once it gains value over time then the idea of losing it becomes scary, it's a natural feeling, we just need to be strong enough to keep ourselves from selling and that takes a lot of discipline.