Avoid emotions in your bitcoin investing.

[Jubilee58]

Emotion has become a barrier to some people who are involved in bitcoin investing, the are always monitoring the bitcoin market, listening to noise in the social media, and their by becoming very quick to make a conclusion based on what people say, and not based on the principles of bitcoin investing.

The emotional investors react according to the bitcoin price movement for instance, when Bitcoin start pumping, that is the time they want to buy, and because they don't have plans for their investment, they might end up buying at the top, and when Bitcoin drops in price for few days they will panic, and sell all their asset, and end up regretting when price of bitcoin still recovers.

Emotion makes an investor to time the market, they want to invest in a particular price, and waiting for Bitcoin to drop further in price, and in the cause of waiting they will still see bitcoin rising, and they will leave in regret, and at this point they will end up not investing at all.

If you must be successful in bitcoin investing avoid emotions, bitcoin is a volatile asset, and when it drops in price, don't panic, but endure it and invest more if possible.

We can access Bitcoin price at our own convenience, so avoid monitoring bitcoin price every now , and then, such behaviour will lead you to making wrong decision.

Listening to noise on social media can be detrimental to your bitcoin investing, they will discourage you telling you that Bitcoin will not recover, and will likely go to zero, inflicting fear in you, and make you take the wrong decision on your investment.

To be most profitable in bitcoin investing , even when the bitcoin price crashes, ensure you don't approach the Bitcoin market with emotions because those who endure the pains of bear market makes the most profit.

Your opinions are welcomed.

[Pressurizedem]

Emotions must come with trading because it is not easy to place your money on a coin and just forget it like that,there must be one thing that will attract you or drag you into looking at the chart. This is the emotion, this happens because you must be concerned about whether you made a mistake investing on the wrong coin or the right coin. Nobody loves to waste money despite how rich he or she claims to be. I will only say that emotions must come, but the ability to control it is what matters.
One thing you must try to learn is discipline, if you have decided that you are going into trading, then it is essential to always trade with little amounts so you won't end up being disappointed. When you invest hugely in a project you are not sure if, it will only put you in an anxious mood to check the market chart whether the coin is going good or bad.

[Gost ms]

The biggest problem is to determine from where we are gaining knowledge. For example, many people go ahead as you said, for example, they start gaining knowledge from social media and when they start gaining knowledge from this social media, they are not able to understand which is long-term investment and which is short-term investment or trading. When they gain mixed knowledge, they face all these problems most of the time. So first we have to gain knowledge from a reliable place so that we do not gain mixed knowledge.

If we are willing to invest in the long term, then we always need to gain knowledge about long-term investment. Whenever we gain knowledge about short-term investment or trading in the middle of long-term investment, then we will not be able to move forward and we will face losses. Because trading and long-term investment are completely different, so first it is necessary to take the right decision or choose the right place.

[Youngrebel]

First of all it is impossible to suppress emotions completely when it comes to Bitcoin investment because this is what makes you human and also different from a bot. Emotions are not all bad because having a little bit of it can push you towards the right course, the only problem you might have is when you get controlled by emotions.

Trading is bakery complex and a lot of times we end up being wrong about a move that we were completely sure of and when this ends up becoming a loss this makes us lean towards making the wrong choices at that time because we are carried away by our emotions.

To control your emotions you must first of all understand what market psychology is all about, this is about 60 to 70 percent of trading and without this it is going to be almost impossible to be a successful trader. If you always react emotionally be it to profits or losses this could affect your results in the long run.

[Oyoyoma_yu]

Emotion has become a barrier to some people who are involved in bitcoin investing, the are always monitoring the bitcoin market, listening to noise in the social media, and their by becoming very quick to make a conclusion based on what people say, and not based on the principles of bitcoin investing.

The emotional investors react according to the bitcoin price movement for instance, when Bitcoin start pumping, that is the time they want to buy, and because they don't have plans for their investment, they might end up buying at the top, and when Bitcoin drops in price for few days they will panic, and sell all their asset, and end up regretting when price of bitcoin still recovers.

Emotion makes an investor to time the market, they want to invest in a particular price, and waiting for Bitcoin to drop further in price, and in the cause of waiting they will still see bitcoin rising, and they will leave in regret, and at this point they will end up not investing at all.

If you must be successful in bitcoin investing avoid emotions, bitcoin is a volatile asset, and when it drops in price, don't panic, but endure it and invest more if possible.

We can access Bitcoin price at our own convenience, so avoid monitoring bitcoin price every now , and then, such behaviour will lead you to making wrong decision.

Listening to noise on social media can be detrimental to your bitcoin investing, they will discourage you telling you that Bitcoin will not recover, and will likely go to zero, inflicting fear in you, and make you take the wrong decision on your investment.

To be most profitable in bitcoin investing , even when the bitcoin price crashes, ensure you don't approach the Bitcoin market with emotions because those who endure the pains of bear market makes the most profit.

Your opinions are welcomed.

When you invest in bitcoin, the best thing to do is to remain calm, and stop monitoring your investment every now, and then. When you are always monitoring your investment, you Will be forced to react according to the bitcoin price movement which means when price goes up you will like to buy thinking that is the right time to accumulate bitcoin, and when price of bitcoin goes down, you will want to sell because you will feel the price is not going to recover, this is what emotions. As bitcoin investors patience, ignoring the noise is what will make you to gain the best profit in bitcoin investing.
There is a system that works for bitcoin investors that makes them benefit from the bitcoin market, and once the system is not followed you can only record losses instead of making profit from the bitcoin market. This is just cryptocurrency traders they are more interested about price movement, and when they are unable to predict the market correctly they make losses.

[Cryptoprincess101]

Emotions is a setback when you are investing in bitcoin because as soon as you become emotional when the market is falling, you will be tempted to sell your bitcoins at a lost price especially when selling pressure is pushing the price to fall intensely.
     Every investor must understand that the market will surely go sideways and they must protect themselves from being too emotional and even going as far as checking their wallet balance because when they check their wallet balance that is when their emotions will intensify and at that point they can make wrong decisions.

[BIT-BENDER]

To control your emotions you must first of all understand what market psychology is all about, this is about 60 to 70 percent of trading and without this it is going to be almost impossible to be a successful trader. If you always react emotionally be it to profits or losses this could affect your results in the long run.

You guys are going to make everyone focus on emotions without acting learning how to invest or trade, what is emotion when you don't even know how to invest or trade.
Trading or investment has basics you are meant to put at the back of your mind if you neglect or fail to learn  some if not all of this basics you will end up having unsuccessful trades or investment even if you have controlled emotions.

[Baki202]

Emotions have also encouraged many people to sell, but many have given up. I anticipate that they will do better than they are now because most people who trade or invest with emotion don't succeed because they use their emotions to guide their decisions. I don't just know what people want because you know that you need to invest and you will know exactly what you are expecting because that is the only way that the market will always dip.  So the best thing is just to avoid holding with emotion, it is better for you to just get over emotions and trade.

[goldkingcoiner]

From my own personal experience, emotional trading is the worst thing you can do right after trading too often. What is the point of panicking and selling? You made your decision and you should act straight. Never invest more than you can afford to lose. This is the most important rule that people tend to ignore...

[Bright0515]

Emotions cannot be separated from trading, no matter how much we try to completely avoid this it is not really possible, the only thing that you can do as a trader is to ensure that your emotions are under control. The reason why a lot of traders don't end up achieving their targets is because they get carried away by their emotions. Any form of investment you make it is always important to keep emotions out of the way.

Emotions like greed, fear of losing or panic is capable of making you lose in the long run and in Bitcoin the most common one is panicking, a lot of people end up losing because they sold their coin during the dip because they were scared that the price would continue to reduce, having such feelings would not make you achieve what you are supposed to in the long run.

[Y3shot]

It takes a good understanding of Bitcoin not to be bothered about what people say concerning the price of Bitcoin. When you don't understand Bitcoin, this will definitely be a reason to make a wrong decision in Bitcoin investment. The reason why people always have emotions in Bitcoin investment is because of the lack of understanding or the way they go about their Bitcoin investment, and if this is not done in the right way, it can cause one to have emotions.

To control emotions, one has to understand the volatility of the market and invest an amount you can afford to lose, and never have expectations of when to make a profit from your Bitcoin investment.

[Cleanshit]

Emotions have also encouraged many people to sell, but many have given up. I anticipate that they will do better than they are now because most people who trade or invest with emotion don't succeed because they use their emotions to guide their decisions. I don't just know what people want because you know that you need to invest and you will know exactly what you are expecting because that is the only way that the market will always dip.  So the best thing is just to avoid holding with emotion, it is better for you to just get over emotions and trade.

Investor that is not well discipline, can be control by emotions making them choose wrong decision mostly when it comes to market dip aspect. And I won't really say that the solutimg is to get over your emotions but the solution is having to have a clearer plan first before you want to invest at the first place this will make it easier to have control over it. Having a standard planing for self is the best because even if there is a drop in price you won't have to panic to go sell at the wrong time.
 

[Cyber_warrior]

Emotions have also encouraged many people to sell, but many have given up. I anticipate that they will do better than they are now because most people who trade or invest with emotion don't succeed because they use their emotions to guide their decisions. I don't just know what people want because you know that you need to invest and you will know exactly what you are expecting because that is the only way that the market will always dip.  So the best thing is just to avoid holding with emotion, it is better for you to just get over emotions and trade.

People have really battled with handling their emotions  and keeping it in check when they invest or trade but sometimes attaching emotions doesn't always mean a failed investment or trading. Some can be lucky at times when emotions make decisions for them but not always, and emotions has done more harms than good that's why they are not advisable to influence your decision making. It's mostly good to know how Bitcoin works, at least it helps out with knowing what to expect and also understanding that emotions are never meant to influence your decisions. Having that discipline is what matters but it's also not easy,

[Crypto_Timothy]

Avoid emotions when it comes to anything business at all hate includes Bitcoin but like anything business related at all, you just must to differentiate your emotions from it that's if you truly want to succeed in the business. Imagine using emotions funds to invest in Bitcoin where any some emergency, you have gone to withdraw and of course at a loss in the market because its an emergency, so yeah, long story short, just avoid emotions and business.

[Moreno233]

It is always easy to be emotional in Bitcoin investing when the investor fails to plan the finances in a way that what he is putting into the market is what he can afford to lose. To be specific,  someone who invest only part of his discretionary income will not have any need to panic when the market is not performing to his expectations. Another thing that also gets people sp emotional is having unrealistic short-term expectations such as expecting too much profits within a very short time. If these things can be well managed, then emotional investing will be easily eradicated.

[cocadalcan]

Not only in investment but also in every aspect of daily life, you have to be patient and control your emotions. Another category of investors who make mistakes in investment are those who are new to this platform and want to own a lot of money in a short time.
Investors who make decisions by following social media are in the wrong because they are driven by emotions and follow others to make decisions that are not the right decision in their own financial circumstances. Gain experience about the market and invest with the amount of funds you have.

In this volatile situation, the Bitcoin market is volatile, so it would be better to accumulate Bitcoin through discretionary income without taking risks. Buy Bitcoin regardless of the price without waiting for the price to increase or decrease.

[SPIDERMAN008]

Relying on emotions in any activity is detrimental in most cases. And since bitcoin is a volatile asset, it is impossible to predict it accurately over time. That is why when a person buys bitcoin, many changes in his mental state can be observed on the decrease and increase in price. However, emotions cannot be completely eliminated. However, it is possible to control it to some extent through proper fund management and long-term mindset. When a person buys bitcoin with a large amount of money, which is the required amount or his last assets, then it is normal to panic with price volatility. Therefore, if you do DCA with a small amount in the beginning and invest in bitcoin from discretionary income, it is possible to control emotions and panic to a great extent. And all investors should accept that bitcoin is not a guaranteed profit. Because even if prices continue to decline significantly in the future, it will be possible to remain mentally stable. As a result, it will be possible to refrain from making hasty decisions.