How to manage fear of lost as a Bitcoin investors

[tbterryboy]

Realizing it is not the end of the world was the right answer. I get that it's not going to be happy days when you see your portfolio down 50% or something like that, of course you are going to feel upset. Trick of becoming rich is not look at that as money lost, because you have not sold yet, but potential to make more money.

Unless you are in some shitcoin, that 50% drop in bitcoin or eth or anything that good, means that it's discounted and you can buy and make some more money. Sure if you bought at 100 and now it's 50, that's a lot of drop, but if you buy some more now at 50, that means you will have 75 as average and not 100, and if you keep doing that, you will drop even further. Then, when the price hits higher, you will profit easier and quicker than just waiting.

[passwordnow]

bitcoin is in a bit of a state at the moment and a lot of people panicking selling even tho their at a loss but the fear of losing everything is greater then stay in the game. many rich and successful people today have been in a situation when they have hit zero but they have learnt lesson and come back from it easier said then done i know but think long term and stop following advice from others who are also panicking. take time to sit and learn before going straight in or out

Panicking is part of investing, those who have done that before long time ago are now the ones who are holding strong. And those who are panicking at the moment, then for the next cycles, they'll be the ones to advocate people to simply hold and do nothing if they are scared of what's happening. It's only a matter of time until each of us have shared their own lessons and we're applying that to ourselves. Those who have sold too early like me have already made a promise to myself that I'll be a decision maker through holding even if the market means so reddish for all.

[Yorubek]

To protect yourself from losing money by investing in Bitcoin, first of all, the investor must gain proper knowledge about Bitcoin. Buy Bitcoin in the hope of making quick money without knowing anything increases the possibility of loss. Another thing is that buy Bitcoin with prudent money is good. As a result, Bitcoin can be purchased continuously and Bitcoin can be held in the long term, thereby reducing investment risk. Therefore, it is very important to gain proper knowledge about Bitcoin before investing. As a result, there is confidence in any bad time, panic does not increase, Bitcoin can be held in the long term, and by waiting for good times, the investment risk is reduced, and thus long-term profits can be expected.

[Pandorak]

I think the key is simply a matter of mindset. If you are truly an investor, then think like an investor. Don't have the mindset of a trader who wants to make a quick profit.

Before deciding to invest, you should at least have a basic understanding of Bitcoin, this is useful for building confidence in the asset you want to invest in. While learning, you can continue to accumulate gradually using the DCA method. Also, understand that true investors always focus on future prices, not next week's or next month's prices. It is not uncommon for them to take years just to accumulate.

Once you have the right mindset and knowledge, you can manage your money to minimize future risks. What i mean is that all investment instruments have their own risks, which cannot be denied, so you should only use money that you can afford to lose. The answer lies in discretionary funds, use these funds to invest in the long term, and you will also feel more at ease if you have thought about the risks be

[kawetsriyanto]

To protect yourself from losing money by investing in Bitcoin, first of all, the investor must gain proper knowledge about Bitcoin. Buy Bitcoin in the hope of making quick money without knowing anything increases the possibility of loss.

You're right. We need to have proper knowledge before we buy Bitcoin. Even if Bitcoin is quite safe, we may buy at expensive price if we have no understanding about Bitcoin. There are many people who buy at expensive price and they end up with selling for losses. People give up because the price keeps declining for a long time. Besides knowledge, mentality is also another important part here. People who have no strong mentality, they can give up easily and sell the Bitcoin for losses.

Another thing is that buy Bitcoin with prudent money is good. As a result, Bitcoin can be purchased continuously and Bitcoin can be held in the long term, thereby reducing investment risk.

Agree, we must invest in Bitcoin with safe money. We mostly hold Bitcoin for few years, we must be ready with any challenges during those years. If we use the money allocated for the main necessities, we may get difficulty if we need the money someday. No doubt that we will be always fear for losses if we choose this way. So, it is important to remember for using the money that we afford to lose.

[armanda90]

Agree with OP opinion how to manage fear of lost when investing in cryptocurrency, first most important points how to manage fear in trading always use money or invest only what can afford to loss. So don't trading by using saving money, emergency fund, education cost saving until don't get borrowing for capital trading in cryptocurrency because you get difference mentality later if loss from your trading.
Firstly about mentality in trading, sometime many people not ready for loss and high expectation to earn much profit only, if mentality still not ready yet in trading better save your money in the bank and don't trade in cryptocurrency has high risk due price fluactive price. Someone has mentality face risk in trading I believe not difficult how to manage fear when the assets investment has decreasing value.