Why you should ignore the voice of fear & greed in Bitcoin investing.

[Jubilee58]

Becoming successful in Bitcoin investing involves some sort of emotional sacrifices, which means you have to be very slow in making some decisions, and investors who are slow in their emotions, and approach the market with proper understanding, and strategy will make exploit especially when patience is involved.

When you approach the Bitcoin market with fear and greed, you become totally controlled by the the Bitcoin price movement without knowing that the market is only rewarding on the long run. You become very afraid when the Bitcoin market crashes or dips, and at this point, your mind tells you to sell your Bitcoin asset before the price dips further. Furthermore, the same thing happens when the price of Bitcoin goes up, the greedy investors think this is the right time to buy since the price of Bitcoin is going up, but in all non of these things encourages the success of your investment. Therefore it better for you not to listing to neither fear nor greed.

Fear and greed actually affected me when I was purely a beginner, and have no knowledge of how the Bitcoin market works which I believe there are those who are still battling with them. So the best thing to do is to ignore, and watch the market with patience.

What is your take on this

[Joy_learns_crypto]

I don't think there is a wrong time to buy Bitcoin, I concur that you should not be greedy but even if you buy Bitcoin when the price us going up and you are a long term holder you will make it.
The greedy by I don't concur with are those looking for cheap ways to get Bitcoin, these greedy ones are susceptible to getting scammed if what they have.
I concur with ignoring fear in Bitcoin investing, fear can make any bad news sound true even if they are just propaganda against Bitcoin.

[Hypnotizer]

Becoming successful in Bitcoin investing involves some sort of emotional sacrifices, which means you have to be very slow in making some decisions, and investors who are slow in their emotions, and approach the market with proper understanding, and strategy will make exploit especially when patience is involved.

Bitcoin investment does requires some emotional intelligence and sometimes sacrifices but it doesn’t mean you have to be slow in making decisions to succeed. So far you have the understanding of the market, then you can take strategic decisions when ever necessary without hesitation.

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What is your take on this

This is why you need a clearly defined goal and plan when you’re starting an investment, it’d help you have more focus and patience to avoid being influenced by fear or greed during any market activity.

[letteredhub]

Becoming successful in Bitcoin investing involves some sort of emotional sacrifices, which means you have to be very slow in making some decisions, and investors who are slow in their emotions, and approach the market with proper understanding, and strategy will make exploit especially when patience is involved.

When you approach the Bitcoin market with fear and greed, you become totally controlled by the the Bitcoin price movement without knowing that the market is only rewarding on the long run. You become very afraid when the Bitcoin market crashes or dips, and at this point, your mind tells you to sell your Bitcoin asset before the price dips further. Furthermore, the same thing happens when the price of Bitcoin goes up, the greedy investors think this is the right time to buy since the price of Bitcoin is going up, but in all non of these things encourages the success of your investment. Therefore it better for you not to listing to neither fear nor greed.

Fear and greed actually affected me when I was purely a beginner, and have no knowledge of how the Bitcoin market works which I believe there are those who are still battling with them. So the best thing to do is to ignore, and watch the market with patience.

What is your take on this

In business generally, one of the factors that influences decision making every now and then could be the desire to make profits, and as that when making these very important decisions, one may tend to show some traits of greed, the ability to overcome such feelings when they arise is what will tell if the investor understands how Bitcoin investment on long term works and whether the investors understands the impact of time on his investment.

Quite a lot of people often get tempted to sell off their investment whenever they perceive there is a little profit to make, not because they don't know the implications but because they lack the discipline required to hold on to their investment for long till maturity. Everybody has a different plan, a good investor always go with the long term plan whereas an impatient one may opt for sales whenever he sees any window to make a little profit that isn't sustainable.

[Cgrexp]

It is not enough to have knowledge about the market, you also need to have the ability to control your emotions. It is important to ensure that fear and greed do not control our investment decisions. It can be a mistake to panic and sell if the price of Bitcoin drops. Buying too much in the hope that the price will increase further in the future can be risky. Before starting to invest you should determine your financial capacity and plan. Then you should continue to invest regularly according to that plan. So that you do not have to change your decision with every price change. Holding it for the long term does not guarantee profit in Bitcoin. Therefore it is equally important to be patient understand the risks and invest according to your financial situation. Real discipline is not to buy too much out of greed when the price increases or to not deviate from the plan when it decreases.

[PremiumcryptoHub]

I don't think there is a wrong time to buy Bitcoin, I concur that you should not be greedy but even if you buy Bitcoin when the price us going up and you are a long term holder you will make it.
The greedy by I don't concur with are those looking for cheap ways to get Bitcoin, these greedy ones are susceptible to getting scammed if what they have.
I concur with ignoring fear in Bitcoin investing, fear can make any bad news sound true even if they are just propaganda against Bitcoin.

Those who are greedy look for ways to get cheap bitcoins while investing in bitcoins and we can feel that greedy people are vulnerable to fraud because of their wealth. In fact such people do not hesitate to invest in fake websites for the sake of greed in the hope of getting a large amount of money at once. Like you, I think that fear in bitcoin investing needs to be ignored because it forces even mere propaganda against bitcoin to be considered true.

Also I mention the main reasons to make an informed bitcoin investment by removing the fear: 1, Institutional acceptance and legitimacy 2, Bitcoin's limited supply and it protects against inflation 3, Historical performance and long-term growth, 4,Blockchain technology security, anyway it is conceivable that considering these factors, everyone should invest in Bitcoin with a long-term mindset and it's true that they should patiently store Bitcoin in their portfolios.

[Akaenyi]

Becoming successful in Bitcoin investing involves some sort of emotional sacrifices, which means you have to be very slow in making some decisions, and investors who are slow in their emotions, and approach the market with proper understanding, and strategy will make exploit especially when patience is involved.

I don't see what making slow decisions have to do with becoming successful in Bitcoin investment, I agree with you that patience should be involved in Bitcoin investment because it is not easy for new investors to buy Bitcoin then watch it continue to dip without being in panic to sell, slow and patience are not the same thing.

You don't have to know everything about Bitcoin before you go into it's investment but having basic knowledge that it is a volatile asset will help you as a newbie to understand that if it's price drops that it can increase so what you need is patience. If you have a goal to buy and hold for many years maybe doing DCA strategy of accumulation you don't have to be greedy to sell when price increases or panic to sell when price reduces, you should be focused on your long term goal. You don't have to put yourself under pressure by monitoring the market, you should focus on making money so that you can have discretionary funds to buy your Bitcoin without stress.

[PostQuantumBTC]

Do not borrow money to invest in bitcoin.
Do not use emergency fund to invest in bitcoin.
Do not use other people money to invest in bitcoin.
Do not invest huge amount of money that can affect your life in bitcoin but go with just discretionary income.

These are one of the reasons people can invest in bitcoin and be having unnecessary emotions.

[Creeper0]

Investment is not for the weak and greedy, investment means risk and sacrifice. You are planning to invest, it means you have to be risk tolerant, if you enter the market with fear, then the market volatility will easily defeat you. That is why an investor needs to be strong-minded so that his risk tolerance capacity is high.

The purpose of investment is long-term profit or long-term savings. So if you enter the market with greed, then even a small increase in funds will affect you and encourage you to sell. Later, when the market is bullish and running towards a new ATH, you will see the real harmful side of greed, regret and disappointment may push you far away from Bitcoin or lead you to take the wrong steps.

[Hatchy]

Fear and greed actually affected me when I was purely a beginner, and have no knowledge of how the Bitcoin market works which I believe there are those who are still battling with them. So the best thing to do is to ignore, and watch the market with patience.

What is your take on this

Everyone experiences this because greed and fear are part of being human. However, we can learn to control and overcome these emotions if we have enough knowledge and understanding of what we are doing. The market is not always a bed of roses, so if you are investing in Bitcoin, you should be ready to manage your emotions. One moment, the market might be all green, and everyone is happy. The next moment, everything turns red. We never know what will happen next, but we can take advantage of the opportunities the market presents to us.

Every decision you make in the market should be based on your own knowledge and understanding. You should also learn to ignore the noise and avoid making decisions based on what everyone else is saying.

[Makus]

Becoming successful in Bitcoin investing involves some sort of emotional sacrifices, which means you have to be very slow in making some decisions, and investors who are slow in their emotions, and approach the market with proper understanding, and strategy will make exploit especially when patience is involved.

Emotional discipline is key when it comes to making decisions in Bitcoin investment, and this is going to determine the way you approach the market. You talked about approaching the market with proper understanding which is correct because knowledge is very important to acquire but overall an investor must have patience because that's what the market rewards.

Fear and greed actually affected me when I was purely a beginner, and have no knowledge of how the Bitcoin market works which I believe there are those who are still battling with them. So the best thing to do is to ignore, and watch the market with patience.

This is the more reason why investors must prioritize emotional discipline, fear and greed are two major things that affects a lot of people and without having discipline it would be impossible to put these in check or under control.

[Sim_card]

Have a long term investment mindset and only invest with what you can afford to lose to enable you overcome fear when the market is experiencing a dip. Set up an emergency funds to tackle any unexpected emergency and don't listen to the noise in the market. Stay focus and accumulate within your discretionary income. Don't allow greed make you buy beyond the amount you can afford to lose during the dip

[Sammye3]

~snip

There are two types of people you mentioned here, which are the investors who hold for long term and the traders who trade on little market sentiments and both could be profitable either way with the right mentality. For both traders and investors, it is important to have a grounded understanding and a proper plan of what you want to do with bitcoin, this would help to discipline your decision making and stick to one plan no matter the market price.

People tend to panic when the market is not going their way and that is normal for everybody, but trading on huge volatility is even more riskier. Greed should be eradicated in trading, a proper strategy should be employed and the best understanding should be acquired too.

[Yeesha]

Becoming successful in Bitcoin investing involves some sort of emotional sacrifices, which means you have to be very slow in making some decisions, and investors who are slow in their emotions, and approach the market with proper understanding, and strategy will make exploit especially when patience is involved.

When you approach the Bitcoin market with fear and greed, you become totally controlled by the the Bitcoin price movement without knowing that the market is only rewarding on the long run. You become very afraid when the Bitcoin market crashes or dips, and at this point, your mind tells you to sell your Bitcoin asset before the price dips further. Furthermore, the same thing happens when the price of Bitcoin goes up, the greedy investors think this is the right time to buy since the price of Bitcoin is going up, but in all non of these things encourages the success of your investment. Therefore it better for you not to listing to neither fear nor greed.

Fear and greed actually affected me when I was purely a beginner, and have no knowledge of how the Bitcoin market works which I believe there are those who are still battling with them. So the best thing to do is to ignore, and watch the market with patience.

What is your take on this

It is normal to be nervous when you shart something for the first time, but don't let the fair eat you up. Before starting an investment you have to know your objectives,, set your goals and know what you want to achieve at the end of the day. Greediness is what take part in one's journey mostly when it comes emotional distress, and lack of contentment and lack of patience are what contribute greatly to it. The market is dynamic and sometimes you will experience loss or win. And even if the market changes you don't have to panic, because that's not the solution to your problem. Fear won't let you grow and greediness won't let you either. Patience is required when navigating investments. Success in investing takes time, discipline, and careful decision-making. Avoid rushing into opportunities or making decisions based on emotions. Stay informed, manage your risks, and remember that sustainable growth is often a gradual process.

[Judith87403]

As an investor, you cannot completely do without fear and greed. We are humans and most of the time we react based on emotions and it is normal for someone to be afraid when the market is falling because nobody likes seeing their investment deprecating instead of increasing. It's also the same when the market is rising, it also gives us that urge to take profits. The only difference is that we that are bitcoin investors do aim for long term profits that is why we control our emotions when the market is falling and also control our greed when the market is appreciating.

[DiMarxist]

Fear is a barrier that must be broken down if anyone actually hopes to invest or even trade successfully when it comes to Bitcoin. Bitcoin is a speculative asset die to it volatile nature hence, the reason why most people get scared when ever Bitcoin is mentioned. The voice of fear is a necessary step that must be overcomed because investing in Bitcoin requires you to be patient and wait which sometimes could be worrisome which will sometimes bring in the factor of fear into play. And every investor should take cognegence of this very important matter, the greed aspect is what I don't agree with because when it comes to Bitcoin investment every one has it target which maybe mistaken as greed.

[hmbdofficial]

I don't think there is a wrong time to buy Bitcoin, I concur that you should not be greedy but even if you buy Bitcoin when the price us going up and you are a long term holder you will make it.
The greedy by I don't concur with are those looking for cheap ways to get Bitcoin, these greedy ones are susceptible to getting scammed if what they have.
I concur with ignoring fear in Bitcoin investing, fear can make any bad news sound true even if they are just propaganda against Bitcoin.

Yes you’re right that there isn’t no wrong time to buy bitcoin most especially if you’re buying for investment purpose and planning to keep it for long. But it’s always better get the bitcoin at a subsidies price, and that is during the Bear market. But no lie that profit and loses can all be made from bitcoin putting into consideration of when you bought the bitcoin and sold them. People have bought bitcoin at the highest ATH and are very optimistic that if they keep if for few more  years, they will get some profit from it. Thats is the reward of holding we are talking about.

[Churchillvv]

I’ve never seen a slow billionaire, the act fast than think more or strategies more. All they do is find the solution in the action than find the solution all day without actions.

So you have to always take action regardless of the investment you don’t have to wait all day so it’s a very wrong narrative that you most be slow in decision making, take your time and way someone else succeed without thought.

[Proty]

 Taking slow decision doesn't mean the decision is right because it is possible for someone to still make mistakes even after carefully considering their decision.The most important thing is to understand how the market works and to invest using discretionary income this will help us to avoid making emotional decisions when buying bitcoin. The mistake with most beginners is that they are buying bitcoin with the mindset of making quick profit and this is mostly due to lack of patience.

[MorganaX]

Fear in bitcoin investment is simply being incapable of losing certain amounts of money, an easy fix to this is to always make sure that yiu invest an amount of money that you can afford to lose so you don't put yourself under unnecessary pressure, this is just an easy way out of this emotional trap. Greed is another dangerous emotion but can be tackled by having limits and being disciplined, this is the reason why it is crucial to learn market psychology to control your emotions.