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

[yixichloro2xx]

What investors need to have is  patience. Buying Bitcoin is easy but holding for the long is where alot of investors find issues in.  In order to have patience, you  need to understand the reason why you bought bitcoin in the first place and what your goals are in the long term, rather than making decisions based on every price movement.  When bitcoin price was at $60,000 for several months, some investors starting showing signs of impatience and they sold of their Bitcoin, thinking that it might dip further to $ 50,000. Now the price has gone up to $80,000 and I am sure those guys that sold must be regretting by now. This is caused due to fear mixing with impatience.

What cause this fear or greed that later result into impatience is how they mismanaged their funds. Especially those who invested beyond their capabilities, now depends on bitcoin as survival. So some at that stages would be desperate to sell when Market is dipping or bullish (by trying scrap off the little profit they have made). This is why we need our understand how good it is to have some proper financial management or plan. When you don't Invest above your means , it becomes easier to stay patient without worrying about every price movement.

[Livingleged]

What is your take on this

There is always some sort of fear when the price isn’t going your way, but if you understand the market very well, you will not worry because you know that it will just take some time and the market will correct it self. What I feel is the major issue is knowing the right time to sell some part of your holdings. In my options if you’re into bitcoin and you bought it when the price was down, the best you can do for yourself is to sell part of it when the price has gone up.  But it also a good idea to accumulate the bitcoin using DCA consistently, this way you continue buying in the regular time interval. You will definitely get to buy some at a subsidies price and it will cover for the once you will be buying when the price goes up. If you’re DCAing the fear reduces unlike the person that is lump summing

[Bryan jessy]

Determination is one feature an investor must possess to be able to have control of his fear and greedy, because once a person is determined set to achieving a particular thing no matter how rough the road might be he will ignore and keep pushing to achieve that which he has set his mind on, determination makes one stand firm on his journey but if it's not there then a person becomes wavering by any little changes in the process, because that fear of losing a person money will always be there but if that positive mindset is there then fear will not have the chance to eat too deep in an investors mind to the extent of allowing himself to be moved by some changes that is bound to happen along the line.

[POPOLUV]

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 not longer news that if investors has made up his mind to invest in Bitcoin there are things an investor are expected to consider and also has to deal with before investing into Bitcoin, so that when there is bear market within a certain range of time in the market, such investors will not panic rather he will take the period of bear market as a normal ways in which Bitcoin do behavior in the market and also when the bear market has gone, the bull market opportunities will come to stay in the market for some period of time, so once a newbie has been able to sort out the two strategies, that tell him/her on how Bitcoin works in the market, the remaining things to deal with, is how to be able to control himself and discipline himself to be able hold when there is bear market and most important thing is your emergency fund because believe before you will invest, your discretionary income has been sorted out. So if investors can be able to put all these in back of his mind, i don't think such newbie or investors will be still be afraid or greedy to in invest in Bitcoin.

[SDS11]

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

I don’t think success in Bitcoin is about being slow with emotions or total patience. Sometimes patience is just an excuse for holding a bad decision.
If you are too slow to act, you will miss opportunities both in buying the dip and taking profit.

Fear and greed are not always bad. Fear can protect you from losing more when the market is truly crashing and greed is what pushes people to take profit and seek growth. The problem is not fear and greed, the problem is having no plan.
What matters is strategy not just patience. Some people have been patiently holding at a loss for 3 years because they refused to act . A smart investor knows when to be patient and when to be fast.

[Futurexxx]

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

You should not be stressing yourself out when you know that even though bitcoin price fell to the lowest point, it can still recover and even rise more than where it fell from, because you are a long term holder, so you have a lot of time to hold unto your asset until it has risen back and probably set a new all time high.

The set of people that should be talking about fear and greed which are the emotional trait we see in the market are traders that are trading the market and are looking for ways to make quick money, they are the ones that should be troubling themselves, not you that is just buying and holding. Even when I started holding bitcoin, I never for once worry myself about a dip because I am confident that it will still rise back up, it is only when I am trading futures or derivative market that I experience fear or greed sometimes, but experiencing that as a holders is impossible.

[Nicho-brown]

It's a two way thing. You cannot be expecting high level of gain while ignoring or forgetting the humble fact you can also fall while thinking of gaining. I will humbly submit that there is no better time neither bad time to invest in Bitcoin because what you are afraid of today might catch up with you tomorrow. It's just a business man asking when to sell on credit and when not to sell on credit. Life is all about winning at times and loosing at times. I will submit that there is no better time to invest on Bitcoin that will give you the full assurances of gaining without fear.

[Grace333]

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.

There is absolutely no wrong time to invest in bitcoin, the problem with a lot of people is that they try to wait for the perfect dip which is actually a very wrong way to invest in Bitcoin because this is only going to make you lose opportunities. Buying when the price is high or low doesn't matter as long as you are consistent.

[Lembo69]

Investing in Bitcoin will not be without fear and greed. Sometimes the market price will decrease and you will get scared. Sometimes you will want to take advantage of the low market price and buy aggressively. Or you will want to sell it after getting a small profit from your investment. Why should you ignore both fear and greed? Look, fear is something that creates obstacles in your path. If your goal is to invest for the long term, then first of all you have to move forward without fear. How to reduce fear, you have to invest only from your discretionary income. You are investing in Bitcoin that money that you are ready to lose. So you should invest fearlessly for the long term and do it for 4-10 years. So that the decrease in market price does not affect you in any way, you have to ignore fear.

The end result of someone who is excessively greedy is not good. Imagine an investor invested $60k and his investment went up to $70k overnight and he sold it greedily. If it became worth $80k after selling, wouldn't he regret selling his investment? Basically, profits in the Bitcoin market are not guaranteed. It is not guaranteed that an investor will actually profit from his investment. Whether the market price goes down or up, an investor should invest according to his plan for 1-2 cycles and be patient. Avoid being greedy.

[Josefjix]

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

You said what I wanted to hear "When you were a beginner"

A beginner who listens to your post and read and understand everything you said will never learn from it, such beginner will forget everything you said and do otherwise that'll get him burnt and breath dust in the industry.

You can't advise a beginner untill such beginner had learnt from his lesson, beginner is meant to suffer, the same way you suffered, that's the game, you face your fear and win over it little by little.

Fear and greed is part of game, it comes to everyone untill you become emotional intelligence, mature and strong to withstand any price movement to your advantage. Lesson teaches that.

[Sammysmart001]

The problem is not fear and greed, the problem is having no plan.
What matters is strategy not just patience.

One cannot just command his or her brain not to stop feelling greed or fear. This is nature for somone to react when your money moves. But one of the way out of this feelings is to remove urself from decision making process. If a strict plan is being followed, the second questing of the market stops.

Same also applies to taking profit. Your target price should be write down when market then hits that number you just sell. Emotional patience will always be beat by a simple robotic strategy.

[MainIbem]

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.

As far as long term investment is concerned, there's no wrong time in buying Bitcoin, whether the price is high or low any time is okay but what would be wrong is waiting for the market to dip before buying and that's where greed comes in, such greedy people are mostly dealth with by volatility and it serves them good cause they can buy consistently but they choose to wait knowing that it's tough to predict the fluctuation of the market. Let's say they're ignorant but then even the ignorant ones would learn. Fear is very bad cause it triggers emotions and make those who entertain it to sell at lose. That's why the DCA should be encouraged more cause it helps tackles the emotions of fear or greed.

[Anayochukwu]

Fear and greed shouldn't be in the same sentence as Bitcoin because you anyone to get it right in Bitcoin investments you need to drop fear, doubt and also know that being greedy could lead you astray . When I started my journey in Bitcoin investments I guess I was lucky enough to get the right information that Being afraid while investing isn't going to help me and also greed and doubt can never allow me to make right decisions, and while investing with the DCA method there's never a time for it you can buy anytime you need to as long as your emotions are stable.

[Samlucky O]

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

Well it is common for new investors to face such challenges, Surely fear (FOMO) and greed is one of the challenges beginners face in Bitcoin investment. And not only that, they also allow emotion and and market sentiment to affect them. But if they are able to withstand all this and invest without having fear they will be profitable in a long run. a true investor don't only see short term but long term. Because if you are Looking at the market on daily basis or weekly basis you will sure fall for this. I will not lie though it is hard not to fear for loss but according to history, no one who held for long period of time that ever regretted, don't misquote me, what I mean is that no one has ever been patient for 10 to 15 years in Bitcoin that has never profited.

[kingstep]

The problem is not fear and greed, the problem is having no plan.
What matters is strategy not just patience.

One cannot just command his or her brain not to stop feelling greed or fear. This is nature for somone to react when your money moves. But one of the way out of this feelings is to remove urself from decision making process. If a strict plan is being followed, the second questing of the market stops.

Our brain is wired to react to things based on the signal we give to it. if you have trained it to remain calm regardless of the price of bitcoin based on the resolve you had before investing in bitcoin, it will remain calm and not react to times when bitcoin might even appear to be getting really bearish.

Greed comes mostly when you are doing unnecessary comparison and trying to attain the feet that other investors have attained without paying attention to the processes that to the attainment of those sort of feet.  a clear investment plan gives focus throughout the different conditions you will experience as an investor. there is no guarantee that things will always go as planned but what keeps you standing in times when things goes the opposite direction is the resolve you have made as a guiding factor in your investment journey journey.

[Achalugo BTC]

Determination is one feature an investor must possess to be able to have control of his fear and greedy, because once a person is determined set to achieving a particular thing no matter how rough the road might be he will ignore and keep pushing to achieve that which he has set his mind on, determination makes one stand firm on his journey but if it's not there then a person becomes wavering by any little changes in the process, because that fear of losing a person money will always be there but if that positive mindset is there then fear will not have the chance to eat too deep in an investors mind to the extent of allowing himself to be moved by some changes that is bound to happen along the line.

Very true. Fear and greed is not really that easy to overcome. That's why one needs determination, because that is what will keep them to standing when the journey gets rough. Also, one thing that can help suppress fear and greed in Bitcoin investment is awareness. When one understands how the market works and volatile it can be, it helps them know what to expect and prepare what lies ahead. This way, they can avoid distractions and learn to control their emotions, as their emotions will influence their decisions can work against the principles of successful investing.

[Scholarlygarden]

Investing in Bitcoin requires a level of emotional control, guts and grits and discipline at decision making. Both fear and greed are ill-wind that that blows nobody any good. However it is natural to have some fear when you're starting out on anything new especially Bitcoin but it's not okay to remain fearful or be greedy. Therefore courage must be learned in order to move forward favourably.
     I think the cause of that fear and greed is from lack of proper budgeting, preparation and mindset. For someone who has the mindset of instant gratification, they want a get rich quick scheme. So, plan everything around profiting but never a loss. This flawed strategy makes them go all in or put more than they can bear to lose and become desperate if things don't go according to plan. Nonetheless, for someone who has a long term mindset, they will probably invest with their spare money and allow time to do the job of multiplying or decimating their efforts. Also, they already know that the first try is always for the experience. So, they give themselves period of time long enough to make decisions. Finally planning long time reduce desparation and gives one the time to make a sound decision.

[Itz-prisigold]

Very true. Fear and greed is not really that easy to overcome. That's why one needs determination, because that is what will keep them to standing when the journey gets rough. Also, one thing that can help suppress fear and greed in Bitcoin investment is awareness. When one understands how the market works and volatile it can be, it helps them know what to expect and prepare what lies ahead. This way, they can avoid distractions and learn to control their emotions, as their emotions will influence their decisions can work against the principles of successful investing.

I agree with you that a person being aware of what they are getting into can make a difference as it will make you realize that bitcoin will not always go in the direction you are expecting. I believe it also has to do with knowing your limit before you start investing. Because if an investor end up buying Bitcoin with a money that he/she cannot afford to leave untouched for years, it be under pressure when the price of Bitcoin start to drop. Therefore this is not just about a person having determination to control his or her emotions,  but also to make an investment decision that will not add any pressure in the first place.

[BItcoin Guy@]

One cannot just command his or her brain not to stop feelling greed or fear. This is nature for somone to react when your money moves. But one of the way out of this feelings is to remove urself from decision making process. If a strict plan is being followed, the second questing of the market stops.

Same also applies to taking profit. Your target price should be write down when market then hits that number you just sell. Emotional patience will always be beat by a simple robotic strategy.

You can control your brain with your mind and stop feeling greedy and appreciate what you achieved without needing huge profits before taking it. As an investor, you need to keep fear and greed aside and use your plan and your knowledge to get what you're chasing in your investment, because if you start to listen to others' opinions, they can make you feel scared of losing your funds, and that is when fear comes in and you start to think negatively about what you plan to hold for the long term. When you get experience about your investment, you will always follow the knowledge without waiting for other opinions before taking action.