Avoid emotions in your bitcoin investing.

[Big Dirams]

Well from my own point of view I completely agree with you sir. Most times emotions can easily make investors buy out of greed and sell out of fear. So having a clear plan, then being patient, and avoiding unnecessary market noise that leads nowhere can help investors make better decisions instead of reacting to every price movement. Thank you

Emotions is something that always occur during our time of need investment or trading and the best thing we can always do for ourselves as a trader or investor is taking total control of our emotions and making sure it doesn’t make decisions for us because when emotions start making decisions for us we will eventually fall into the negative trap.
As an investors let not also be greedy and always have an exit strategy because as soon as our targets are meant we shouldn’t hesitate to take our profits and leave because when we get greedy we might later seeing our profits in losses and that won’t be a satisfying outcome we wanted as a holder.

[Zigabel]

Waiting through the Bear market is practically not enduring, rather it is an act of patience that resulted from your understanding about the dynamics of the market. if you consider it enduring, then you will run out of the strength to continue with the endurance because things that are endured gets exhausting at some point and you as an investor will not want to consider your investment as something you will be enduring, you were supposed to invest because you have hopes for a good future and not you having to embark on some journey of endurance. We don't endure investment, we stay patient and wait on the right time to harvest.

If you know say you never get the money to invest, e go better say make you just no really put body for Bitcoin investment, because na when you no get the money and you just use part of the small one wey you get invest naim your emotions go come they be problem to you for your Bitcoin investment. One thing wey dey make people dey emotionally attached to their investment na expectations and say dem go use money wey dem go need soon go invest, but if you use money wey be say you no go need soon, you no go too reason to dey wan check the price every time to wan see if you dey loose or you dey make profit. If you just invest leave am say after a period of time you go latr check am for d long term, dat way you go invest well and you expectations go dey reasonable, so keep your expectations reasonable and use money wey you no go need soon to invest so dat you go fot get better thing from your investment.

[Yorubek]

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.

It is never possible to manage anything properly depending on emotions, we need to understand that emotional decisions do not lead to success, at the end of the day they only lead to people's disappointment, so it is very important to do research before investing without thinking emotionally. It is not at all right to decide to invest based only on the words of others, it is very important to do your own research before investing in Bitcoin. If you invest only on emotions without knowing about Bitcoin, the risk of losing money can increase manifold.

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.

It is very important to research Bitcoin before starting an investment. Investing in Bitcoin based solely on the words of others or relying on social media advertisements is completely foolish. If an investor starts investing in Bitcoin without acquiring basic knowledge about Bitcoin, the investor will quickly become frustrated by the volatility of the market and will not be able to hold Bitcoin patiently for a long time, which increases the risk of losing money. Therefore, it is very important to research Bitcoin and invest. As a result, Bitcoin can be held with confidence for a long time, thus the risk of losing money is comparatively reduced.

[Jegileman]

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...

Emotions in trading or investing is not what we should tolerate. It ruins everything and even makes you doubtful of yourself and your investment. Panicking and selling even though you have an already conviction for what you’re investing into shouldn’t be what you should be doing during investment. Trading with emotions are amongst reasons why many traders are yet to be profitable even if they have big knowledge of the market. Emotion ruins everything, especially in trading and investing in the crypto space. They are hard to fight out but we should also not allow it to get into us in whatever we do after making decision based off the knowledge we have.

[Derekfunds]

Well from my own point of view I completely agree with you sir. Most times emotions can easily make investors buy out of greed and sell out of fear. So having a clear plan, then being patient, and avoiding unnecessary market noise that leads nowhere can help investors make better decisions instead of reacting to every price movement. Thank you

Emotions is something that always occur during our time of need investment or trading and the best thing we can always do for ourselves as a trader or investor is taking total control of our emotions and making sure it doesn’t make decisions for us because when emotions start making decisions for us we will eventually fall into the negative trap.
As an investors let not also be greedy and always have an exit strategy because as soon as our targets are meant we shouldn’t hesitate to take our profits and leave because when we get greedy we might later seeing our profits in losses and that won’t be a satisfying outcome we wanted as a holder.

You are absolutely correct, emotions has really ruin some people's life  and some of them are regretting why they followed their emotion till tomorrow. Talking about not being greedy as an investor I don't really get because the illustration was meant to be for traders not  for investors because Investors target in Bitcoin is to get to overaccumulation stage and getting to that stage doesn't mean they should start taking their profit but while they take some of the profit they will also be accumulating back unlike traders that has a target to take profit at some point  but some becomes greed when they see the market is almost getting the point and  they will have to adjust...

[Abu-Naim]

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.

To be honest, as a trader, it’s hard to deal with emotions because we are humans, we are always attacked to our investments emotionally, but it can be controlled if you have good knowledge about what you are doing, you will no longer listen to noise from different sources about Bitcoin, and apart from that, if you are to invest in Bitcoin and not to trade, you don’t need to be emotionally affected since you will buy when you have the money to hold; targeting the dip will always affect you emotionally because if you have that mindset of selling once you have little profit or sell once the you noticed the market is going downward, you will regret especially when the market go back after you sold your position.
Just be yourself and avoid greed, but when you have spare money and try holding for long so that you can make good profit.

[Mate2237]

Emotional control is highly needed for any investor who is into Bitcoin, because the nature of Bitcoin is in a such a way that it is not stable. So it important that investors should know this so that they can really flow with the market without actually panicking when ever there is a change in price. As an investor who is interested in Bitcoin have have to grow above just following the market and reacting to any major news relating to Bitcoin. While keeping yourself abreast with the latest information about crypto is good, it should not get to the point of making you to panic.


When you react to a thing you may not be in the right frame of mind, because emotions has a way of getting a better half of people. You can't make any significant progress when it comes to Bitcoin investment when your mind is not settled and is carried away by your emotions. Anyone who can't control his or her emotions can't in the real sense keep bitcoin for a long period of time, which is key to profit generation.

[Grace333]

In as much as learning about Bitcoin is important it's also advisable that we learn how to control our emotions and keep our financial dealings checked. Emotions are not good when it comes to business because if will make you make bad decisions, which will eventually lead to losses.
It's always better to know something than to assume or judge from a position of limited knowledge because that's one of the things emotion is all about, you think you're making the right choice but sooner or later the result will teach you otherwise from your expectation.

[Jaycoinz]

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...

Emotions in trading or investing is not what we should tolerate. It ruins everything and even makes you doubtful of yourself and your investment. Panicking and selling even though you have an already conviction for what you’re investing into shouldn’t be what you should be doing during investment. Trading with emotions are amongst reasons why many traders are yet to be profitable even if they have big knowledge of the market. Emotion ruins everything, especially in trading and investing in the crypto space. They are hard to fight out but we should also not allow it to get into us in whatever we do after making decision based off the knowledge we have.

Why would any trader be carried away by their emotions? The moment you let your emotions get the better of you, that's probably the end of everything you were trying to build with your portfolio because everything will immediately come crashing, you will immediately lose the sense of reasoning and careful calculations and same effect applies for investors who are always easily moved by their emotions. We are human and it's hard to get rid of these feelings but having a strong principle will help guide your part even when the case or situations calls for need of emotional outburst.

[PhilosopherKing]

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.

How can you avoid emotion as human? It's not possible because emotion is part of human. The best you can do is manage how to control your emotions and not allowing your emotions to control you. To be honest with you, not everyone is investing in Bitcoin for it future potential or for what it is, some actually treat it as a quick money scheme. They never study bitcoin, they only thing they know about it is price up and down. They are not even traders but they behave like one. They buy when price drops and want to sell when it rises but if it keeps dropping, they sell at lose for fear of losing more money. It's wrong to call them bitcoin investor in the first place because they're not investing, they're trying to time the market as you said and that's purely gambling.

Timers and gamblers can hardly go far in bitcoin investmen

They are the ones that calls themselves smart, but are the dumbest of them all. In the mindset of those lots that keep wanting to outwit the market, they think they are smart by waiting and buying only when the price drop and selling when the price pumps up a bit. In bitcoin, person should know that they cannot outwit the market. Yes at time it can seem like they outwitted the market, but a time can come where the person can become very unlucky by waiting only for the person to buy bitcoin when it reaches goes up and reaches the top.

The right decision is to buy immediately person has discretionary income and keep on buying ongoingly so that they can build up their bitcoin stash.  The advantage of an ongoing accumulation is that while buying, person will get bitcoin at an average prices. And even at times, they will buy bitcoin while the price is down.

[Makus]

One of the most important of crypto trading or investment is understanding Market psychology, to succeed in trading you need to understand this to be able to be in control over your emotions. When investing in Bitcoin you must make your goals clear and these targets should be your drive. A lot of people plan to make a long term investment in Bitcoin but when the market is going through a dip they sell their coins out of fear and panic which isn't supposed to be so.

Greed is also another emotions that could ruin the results you get from investing in Bitcoin, instead of chasing more profits make sure you sell your coins immediately you hit your target.

[Yeesha]

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.

Yeah, you're extremely right, i know is not that easy especially when the market is moving up and down. But putting more pressure on yourself is not going to help in any way, especially if you're not well civilised. Investment comes with greater responsibility, sacrifice and it needs more attention than people expected. Fear of missing out can cost you more losses. Lack of discipline can lead to disappointment, weighing the consequences of your mistakes in investment sometimes can be difficult to bear. Profits that you gain does not depend on how much or how hugely you invested in something.

[Lembo69]

In as much as learning about Bitcoin is important it's also advisable that we learn how to control our emotions and keep our financial dealings checked. Emotions are not good when it comes to business because if will make you make bad decisions, which will eventually lead to losses.
It's always better to know something than to assume or judge from a position of limited knowledge because that's one of the things emotion is all about, you think you're making the right choice but sooner or later the result will teach you otherwise from your expectation.

Yes, every decision made on emotion is almost a risk, a Bitcoin investor has to be smart and cautious, and should not be either impulsive or desperate in the market. You will notice that if you have made any wrong decisions or done wrong things in the past, it was also an emotional decision. Or it was a hasty decision. A Bitcoin investor has to be patient, and patience is very important when investing in a long-term plan. The more emotional people are in long-term investments, the faster they will lose their Bitcoin holdings, so do not indulge in emotions in long-term investments.

[ruykeri]

One of the most important of crypto trading or investment is understanding Market psychology, to succeed in trading you need to understand this to be able to be in control over your emotions. When investing in Bitcoin you must make your goals clear and these targets should be your drive. A lot of people plan to make a long term investment in Bitcoin but when the market is going through a dip they sell their coins out of fear and panic which isn't supposed to be so.

Greed is also another emotions that could ruin the results you get from investing in Bitcoin, instead of chasing more profits make sure you sell your coins immediately you hit your target.

In my opinion, the real discipline for a Bitcoin investor is not to suppress emotions by watching each candle, but to create a financial setup where the need to react to each candle is reduced. Determine your income, expenses, backup funds and buying rate, then continue accumulation according to a long-term plan. Selling due to fear can be bad, but selling too quickly due to greed can be equally harmful. Even if a person buys an amount of Bitcoin that is enough for his necessary expenses, emergency fund money, or money that he will need in a short time, if the price of Bitcoin drops, that person will panic. Fear will build up in him. Which will force him to make a quick decision. That is why it is necessary to have proper financial management in investment.

[ejikeme24]

You are correct. You know many things cause emotions for beginners on their bitcoin investment journey. But the main problem is the lack of knowledge of bitcoin, and believe me if you don't know about it there's no way you can manage your emotions. Many beginners blindly follow the hype online thinking that will make their investments grow, and honestly if care is not taken, these people that you are listen to might also be emotionally stressed too with their investments, and they could be the ones misguiding you, that's why we should avoid it. Another thing that's causing emotional disturbance is investing money you can't afford to lose, like money for your feeding without any alternative or using borrowed money to invest there's no way such person would be emotional balance.

Sure, lack of knowledge is what makes many newbies to panic when the market is not going as expected. There are newbies who meet the market in a very good condition and they were amazed feeling that it will keep going up that it will never go down, but after some time they began to experience decline in the price and they became afraid that the price won't go up again. This is the reason why a beginner should learn about volatility and other basic things they need to know such as knowing how to invest from an exchange but the volatile nature of Bitcoin is what they need to get used to so  as it will help them not to panic during the dip.

[Sticky Bomb]

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.

Panic is always down across social media every bear season, it's normal and we're not expecting any better from it. We cannot stop investors from being emotional, they're human as well and especially if it's their first cycle in Bitcoin, it's natural to get emotional, especially when some newbies tried in more than they can afford to lose in Bitcoin.

They may dump their Bitcoin position temporarily, then they learn from Bitcoin comeback that it's only it's volatility taking place and not a crash. Bitcoin might take different people varying length of time to fully understand and be able to stay long in it holding their position. The thing is that whenever you fully understand how to invest into Bitcoin consistently without panicking, then you can get the best out of your time in the market.

[MorganaX]

Panic is always down across social media every bear season, it's normal and we're not expecting any better from it. We cannot stop investors from being emotional, they're human as well and especially if it's their first cycle in Bitcoin, it's natural to get emotional, especially when some newbies tried in more than they can afford to lose in Bitcoin.

They may dump their Bitcoin position temporarily, then they learn from Bitcoin comeback that it's only it's volatility taking place and not a crash. Bitcoin might take different people varying length of time to fully understand and be able to stay long in it holding their position. The thing is that whenever you fully understand how to invest into Bitcoin consistently without panicking, then you can get the best out of your time in the market.

The sad part of this sort of experience is that not all of the affected newbie or people get to stay around or even learn from their mistakes. Some get the wrong narrative about this Bitcoin through such experience but that's something that's bound to happen since Bitcoin can't be for everyone.

[Judith87403]

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.

Why not just save yourself all these stress that comes along with being a trader because how do they cope with the mental stress of always monitoring the market and at last you still fall to losses. Literally, it is very dangerous to put your mind on something that will make you become emotionally uncomfortable all the time just because you are hoping for a profit. I'm saying that trading is bad, after all there are people who have made a lot of money from trading but if you must engage in trading, you should have it at the back of your mind that in case you run into losses, you won't become emotional.

[icebar]

A big mistake an investor makes when investing in Bitcoin is to make decisions based on his emotions. If an investor tries to buy more when the price is rising, he will face losses. On the other hand, there are some investors who try to sell quickly when the price falls. That is, those who invest in Bitcoin with emotion in this way will face investment losses. There are some who rely on the words of others to make their investment decisions, and the situation will be negative for them.

There is definitely no alternative to long-term investment to profit from Bitcoin investment. Especially those who try to grow their long-term Bitcoin portfolio by doing Bitcoin DCA will benefit the most. Bitcoin is a volatile currency. It is often difficult to control emotions due to the high volatility. Those who do this long-term DCA will be able to invest without stress on the other hand, a large portfolio will be created in the long term. This strategy will be able to refrain from making emotional decisions.

[TokenTikas]

It's natural that people will have emotions but I think it is foolish to compare the crypto market with emotions. Before investing in bitcoin, we need to learn and it is more important to understand how to get out of the volatility of the market. By investing with emotions, you can never get anything good from anything, so in the case of bitcoin also, it is important to take a step after understanding everything about the market, not with emotions. If someone can control their emotions and invest in bitcoin through analysis then that is right.