Avoid emotions in your bitcoin investing.

[Cossyblack]

Emotion is never something we should make our decisions from, this is because emotions are triggered by your mood or result at that instance of time. What we be focusing on is, learning how these things really works. I've been a person who makes decisions off emotion and also a practical person, and I'll tell you for free being practical gives you a lot of clarity than making decisions off your emotions. Emotions in Bitcoin investment will make you sell early even when it's not yet your maturity timeline

In as much as it is bad to make decisions from our emotions,it is completely impossible to eliminate our emotions which is because we are humans and as long as we are human,we are bound to it. The thing is don't get carried away which is where the actual problems lies. Many investors and traders fall into this trap more often because they invested or trad from their emotions which the cause of this is because they didn't invest with money they can afford to lose. They probably will not be able to hold longer if the price of bitcoin isn't moving to the direction they wanted so they will panic and sometimes they may even sell if they can no longer control the fear of losing their money.

[Derekfunds]

Emotion is never something we should make our decisions from, this is because emotions are triggered by your mood or result at that instance of time. What we be focusing on is, learning how these things really works. I've been a person who makes decisions off emotion and also a practical person, and I'll tell you for free being practical gives you a lot of clarity than making decisions off your emotions. Emotions in Bitcoin investment will make you sell early even when it's not yet your maturity timeline

In as much as it is bad to make decisions from our emotions,it is completely impossible to eliminate our emotions which is because we are humans and as long as we are human,we are bound to it. The thing is don't get carried away which is where the actual problems lies. Many investors and traders fall into this trap more often because they invested or trad from their emotions which the cause of this is because they didn't invest with money they can afford to lose. They probably will not be able to hold longer if the price of bitcoin isn't moving to the direction they wanted so they will panic and sometimes they may even sell if they can no longer control the fear of losing their money.

You are absolutely correct and yes to some extent I think emotion is avoidable in some situation and the way we can avoid it is not doing things that will make us to he emotional. There are people who are very much aware that if they should use a particular thing to do something they will regret later if the thing doesn't go as expected or planned, so in that case the person can avoid it by not doing that particular thing but some people will go ahead and later they will be the one to say shity things about it. So I believe we can avoid being emotional.

[SmartCharpa]

Some people choose to time the market, it is not as if they are afraid or because of their emotions. Many people choose to time the market because they prefer short term returns over long term investments. When you invest for the short term, how do you think the person would react when the market goes down? They will be scared because they are going to lose money. That’s why it is not advisable to chase quick profits for your own sake and peace of mind.

However, if anyone tries to listen to what people say on the internet about Bitcoin, many people will not be willing to hold it for a long time. Because you will see different people with different opinions. Some investors let their emotions control them whenever the market goes down because it may be their first time seeing the value of their investment drop from where they bought it, but with time, they can get used to it.

[Taricoins]

I don't really see the emotion aspect when it comes to Bitcoin investment especially when it comes with discussing that stuff with others, I have complete faith in Bitcoin that it will always appreciate regardless of the bear, most people look at bitcoin investment as a day to day task but personally i see it as a yearly movement. There are alot of people that have accumulated Bitcoin for over 10 years so I don't get why we will now start getting emotional about it.

[Victorybit1]

When it comes to investing in the crypto market or even trading emotions cannot take you anywhere, this is the reason why It is important to make sure that you understand market psychology before starting your investment or trading. Although emotions are mostly common with people that trade more than those that invest. There are still some Bitcoin investors that end up losing a lot of money as a result of the bad decisions that they make due to their lack of emotional control, when the market is going through a dip they start panicking and thinking that they might end up losing everything they have and not being able to recover it back but those that understands the crypto market well won't have such fears especially when your main focus is Bitcoin.

[liasbaa]

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.

Emotions are a kind of mentality that is an integral part of you. You can control your emotions if you want. Quality education is needed to establish control over emotions. An educated person can easily manage his emotions on the basis of fairness because he knows what is right for him and what is not right. When you know about Bitcoin, you will have a mindset that you have to hold this asset for the long term and that way you can control your emotions.

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.

If your goal is short-term trading, you cannot avoid monitoring the price of Bitcoin frequently even if you want. If the goal is long term and buying Bitcoin regularly regardless of the price, there will be no need to watch the price frequently or the mindset and emotions will not take you there.

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.

An investor is most influenced by social media in the long-term journey of Bitcoin investment. News from unreliable sources should be taken forward. Analyze the market yourself and make investment decisions without being influenced by others.

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.

If your goal is long term, this psychological preparation will almost certainly lead to your Bitcoin goal because in the long-term journey, you will need emergency funds and you will need to be careful about every aspect of your income growth and you will need to keep yourself stable with the price volatility in the market and make regular deposit Bitcoin.

[Yorubek]

I don't really see the emotion aspect when it comes to Bitcoin investment especially when it comes with discussing that stuff with others, I have complete faith in Bitcoin that it will always appreciate regardless of the bear, most people look at bitcoin investment as a day to day task but personally i see it as a yearly movement. There are alot of people that have accumulated Bitcoin for over 10 years so I don't get why we will now start getting emotional about it.

When you buy Bitcoin with a short-term plan, it is natural to become emotional quickly when seeing market volatility, but when you invest with discipline and a long-term plan, market volatility will not disappoint you quickly because your main goal is to consistently buy Bitcoin and hold it for a long time, protecting your long-term investment mentality from becoming emotional.

There are some new investors who want to get rich quick by investing in Bitcoin, they only think about quick profits through investment, in reality, all investors who invest only in the hope of quick profits will quickly be disappointed and face losses. Long-term planning in investing in Bitcoin The short-term volatility of the market cannot affect the investor. I think your knowledge about Bitcoin, long-term planning, consistency, confidence and patience protect an investor from being disappointed quickly.

[Itz-prisigold]

I don't really see the emotion aspect when it comes to Bitcoin investment especially when it comes with discussing that stuff with others, I have complete faith in Bitcoin that it will always appreciate regardless of the bear, most people look at bitcoin investment as a day to day task but personally i see it as a yearly movement. There are alot of people that have accumulated Bitcoin for over 10 years so I don't get why we will now start getting emotional about it.

Most investors that always panic are the ones who watch the price of Bitcoin everyday. They put their focus of the chart as if they are expecting something to happen immediately, and once the market price start crashing they suddenly panic, and start making emotional decision. But once your goal is to hold for long term, then all these short term market movement will not have any effect on you.

Also, once you already know why you start accumulating Bitcoin in the first place, and what you really want to achieve with it, it becomes easy not to let others opinion to influence your own decisions. The truth is that emotions will always be there, we're humans so it's normal to panic a little bit, but what matters is that we don't let our emotions influence our decisions, that's why it's important to have a clear plan and always invest only what you can comfortably leave untouched.

[EarnOnVictor]

Not only in Bitcoin, or any other means of making money, but emotion should be avoided in all facets of life. It has always been a weakness, rather than a virtue. The best investors would act based on their planned logic and principles, and not based on reactiveness of the markets' sudden movements, or based on what they are influenced to do by other people or situations.

This calls for individual's disciplined approach towards Bitcoin investing. The moment you know you are reneging away from that approach is the moment you should know you are emotional and needs to fight it before it leads to regrettable investment decisions.

[Tungbulu]

I don't really see the emotion aspect when it comes to Bitcoin investment especially when it comes with discussing that stuff with others, I have complete faith in Bitcoin that it will always appreciate regardless of the bear, most people look at bitcoin investment as a day to day task but personally i see it as a yearly movement. There are alot of people that have accumulated Bitcoin for over 10 years so I don't get why we will now start getting emotional about it.

Over the years, Bitcoin have proven countless times that its resilience should be unquestionable, and that’s why whenever I see someone who doubts the potential of Bitcoin, I see someone who is either ignorant or naive, because everything one needs to believe in bitcoin is already on the blackboard, written in black and white for everyone to see it. This isn’t the first time Bitcoin would experience a bearish trend, neither would it be the last, it’s literally part of the cycle and that shouldn’t be something that’s new anymore.

[Promocodeudo]

Emotions is a naturally phenomenal, it must come whether you like it or not, but the ability to control this emotions matters Alot , because it can drain one's down, and even make you depressed. In investing in Bitcoin, invest what you can afford to lose, so that it won't be a thing of regret rather a lesson learnt.

Natural phenomenon as how? Maybe you're right and perhaps I understand you, but do you think that an investor who understands Bitcoin to its fullest, the ups and downs, how volatile it can be, and the benefits of volatility, will have any business to do with emotions, emotions is actually for baby Bitcoin investors because there is no new thing as far as Bitcoin investment is concerned.
Yea investing with our discreationary income is a good idea which is on point but does that stop emotions yes and no, this might stop emotions if you understand Bitcoin investment, hope you know that different individual mindset changes once they start investing in Bitcoin, and some of them get emotional at the slightest price drop, I think sometimes it is not about buying with our discreationary income that saves us from the emotions that comes from the market although it does to some extent, however, our level of understanding does more.

[Onyeeze]

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...

this has been what we have been saying right from time that anyone that want to invest should be careful and invest what it can afford to lose, most times it is people's emotion that makes them to invest what they cannot afford to lose, and another thing that contribute to it seriously is greediness, after checking or calculating what they are going to benefit for investment that make some of the investors to forget that they have to invest what they can afford to lose, so it is good for you to moderate it or tell them earlier so that they will know where their mistake are coming from so that they can amend it and stop investing out of emotional or trading out of emotional

[Achalugo BTC]

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.

Exactly, emotions and Bitcoin don't go in hand in hand if one really wants to be profitable with it, because it can create fear in them that causes them to act on their emotions rather than do what is right. But, if they are in control of their emotions, their emotions can't make decisions for them so they won't feel the need to buy or sell because of FOMO and it is essential to invest only what one can afford to lose because investing for a long term is actually the best way for one to be profitable with it.

[Callido]

Over the years, Bitcoin have proven countless times that its resilience should be unquestionable, and that’s why whenever I see someone who doubts the potential of Bitcoin, I see someone who is either ignorant or naive, because everything one needs to believe in bitcoin is already on the blackboard, written in black and white for everyone to see it. This isn’t the first time Bitcoin would experience a bearish trend, neither would it be the last, it’s literally part of the cycle and that shouldn’t be something that’s new anymore.

Most people don't try to learn, reason why so many people are questioning Bitcoin. Anyone who has studied and understands Bitcoin, observes its potential, and compare with past statistics can see that those who took the opportunity are not regretting whatever decision they made.

Bitcoin is an investment, not a lottery ticket. When the bear market happens, the price will drop, and when the bull run comes, the value of the asset in possession will pump, those who are not scared are the ones to make profits.

[Youngrebel]

Not only in Bitcoin, or any other means of making money, but emotion should be avoided in all facets of life. It has always been a weakness, rather than a virtue. The best investors would act based on their planned logic and principles, and not based on reactiveness of the markets' sudden movements, or based on what they are influenced to do by other people or situations.

This calls for individual's disciplined approach towards Bitcoin investing. The moment you know you are reneging away from that approach is the moment you should know you are emotional and needs to fight it before it leads to regrettable investment decisions.

There are times that even the best investors question what they know and I will make use of the current blood bath in the market now as an example. A lot of people that considered themselves to be experienced studied the market and gave their predictions which stated that the bullish season was around the corner but it only got worse as time went on. Some of them now are beginning to feel frustrated and even thinking of selling their coins because they have given up.

It takes a lot of self control, patience and discipline to not be phased by what's going on currently with the market but like you said sticking to plan is the best thing to do because acting based on how you feel is only going to lead to regrettable decisions.

[Makus]

Exactly, emotions and Bitcoin don't go in hand in hand if one really wants to be profitable with it, because it can create fear in them that causes them to act on their emotions rather than do what is right. But, if they are in control of their emotions, their emotions can't make decisions for them so they won't feel the need to buy or sell because of FOMO and it is essential to invest only what one can afford to lose because investing for a long term is actually the best way for one to be profitable with it.

The keyword there is control, I don't think emotions can be completely avoided a lot of times because that's what makes us human but when it gets to the point where emotions get out of control this is when it becomes a problem, a trader or investor that gets overemotional cannot succeed in crypto trading or investment in the long run.

Emotions like fear and uncertainty can make you avoid taking certain risk that would cost you a lot but when emotions like this are always in control of your decisions you might either end up selling your coins when there is a dip in the market and this definitely leads to losses in the long run.

[Cgrexp]

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.

Exactly, emotions and Bitcoin don't go in hand in hand if one really wants to be profitable with it, because it can create fear in them that causes them to act on their emotions rather than do what is right. But, if they are in control of their emotions, their emotions can't make decisions for them so they won't feel the need to buy or sell because of FOMO and it is essential to invest only what one can afford to lose because investing for a long term is actually the best way for one to be profitable with it.

Controlling emotions is very important in highly volatile assets like Bitcoin. When the price rises rapidly, many people buy beyond their means. On the other hand  when the price falls rapidly . they sell at a loss due to fear. Both decisions are often driven by emotions rather than logic and planning. Before investing  you should determine your financial capacity and risk tolerance. Avoid investing money that may be needed to pay daily expenses. Because if you need that money, you may be forced to sell. Invest as much as you can afford to lose. This means that even if there is a potential large loss, the basic financial security of the person is not destroyed. Investing for the long term does not guarantee any profit. Investing according to your financial capacity, realistic expectations, and risk management are important so that the possibility of emotions such as FOMO or panic controlling your investment decision is greatly reduced.

[Olatundespo]

Controlling emotions is very important in highly volatile assets like Bitcoin. When the price rises rapidly, many people buy beyond their means. On the other hand  when the price falls rapidly . they sell at a loss due to fear. Both decisions are often driven by emotions rather than logic and planning. Before investing  you should determine your financial capacity and risk tolerance.

There are many investors who have made the opposite decision to the investors you have given. There are many investors who show a tendency to sell when the price of Bitcoin increases and buy aggressively when the price decreases. Smart investors accumulate Bitcoin at every price level. Long term strategies are always better in investing. The issue of making profits in the short term is compared to trading and if traders do not have a stop loss strategy, the chances of losing their capital are much higher.

There should be no excuse not to invest in Bitcoin for the long term because the DCA method always recommends through discretionary income and buying regularly at every price level.

[TokenTikas]

When you invest for the short term, how do you think the person would react when the market goes down? They will be scared because they are going to lose money. That’s why it is not advisable to chase quick profits for your own sake and peace of mind.

Short-term investors panic when the market falls and become unstable, when they make decisions out of that instability, they make mistakes. It is better to think about long-term investments than to get emotional and sink into despair by making short-term investments. Those who want to make profits very quickly are the ones who suffer the most, so it is better to move towards investing slowly and understandably, without being emotional.

[Abbatty]

Some people choose to time the market, it is not as if they are afraid or because of their emotions. Many people choose to time the market because they prefer short term returns over long term investments. When you invest for the short term, how do you think the person would react when the market goes down? They will be scared because they are going to lose money. That’s why it is not advisable to chase quick profits for your own sake and peace of mind.

However, if anyone tries to listen to what people say on the internet about Bitcoin, many people will not be willing to hold it for a long time. Because you will see different people with different opinions. Some investors let their emotions control them whenever the market goes down because it may be their first time seeing the value of their investment drop from where they bought it, but with time, they can get used to it.

That right, some times, the reason why a lot of people get emotional about their investment is because they are chasing quick profit. So to add to what you said is, another reason could be when an investor invest with more than his discretionary income. This very reason will always make you emotional about your investment, because the money could be meant for something and you put it into bitcoin.

Another reason can also be not making provision for both your emergency funds and reserve funds. Making provisions for these funds is also very important, because you could be hit with an emergency problem, and if you don’t have funds like this, you can be emotionally affected and you will be forced to touch from your investment.