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

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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.

That’s true, you need to fight your emotions and the fears of starting something new, but how are you going to that? It is by learning and understanding what you are about to start first.
If you understand what you are about to go in, your fear will reduce, but the greed will come in because of the confidence you will have after learning. If you decide to work with your emotions and be greedy, you will always regret it, that is why you will need to control your emotions when investing in crypto currency.

Moreover, you need to be ready to start a crypto journey because it works with your emotions, you have to overlook a lot of things and have to make some urgent decisions that will be impromptu due to the market condition. Therefore, you will need to be mentally ready for the new challenges so that you can be able to go smoothly without any problem.

[Agbamoni]

Bitcoin knowledge is much easier to learn than personal knowledge of discipline, perseverance, and tolerance. Many investors have not been successful with their investments not because they lack knowledge of investing, but because their character and behavior have become a hindrance to their success. Being an investor demands a lot from a person. If we are not ready to give up a lot to remain consistent and disciplined, then investing is not for us.

[rachael9385]

Do not borrow money to invest in bitcoin.
Do not use emergency fund to invest in bitcoin.

These are important points that a lot of people neglect,  borrowing money to invest in Bitcoin can lead to bad decisions or pressure to sell coins when you are not supposed to all because you want to pay back a loan that you borrowed, this also leads to fear of losing and also selling coins during the dip due to lack of emotional discipline or control.

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.

For an investor to practice all of these it is important for them to understand risk management and financial planning, these are very crucial in making sure that you don't make such mistakes. Another thing to ensure that you avoid making these mistakes is to learn market psychology.

[Exitoral]

Fear and greed are part of us and whether we like it or not, we can't do eliminate them. What we can do at most is to use them as leverage. Fear can be used into good for yourself, same as greed. Fear stops you from making rational decisions. Greed can be used when the market is in your favour and you take serious advantage of it. Finding the balance is very important as a person.

[Mayor of ogba]

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.

When the price of bitcoin goes well, those investors that swim in and buy bitcoin at that time aren't greedy they are either buying bitcoin at of fear of missing out (FOMO) which is probably caused by procrastination or they are buying bitcoin at that time because that's when their discretionary income is available, and there's nothing like greed in buying of bitcoin as far as you are using your discretionary income to buy bitcoin always.

[CryptopreneurBrainboss]

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.

It's okay to be afraid as a newbie but when that becomes bad, is when you allow the fear to make you lose your opportunity to make money that's why to overcome that fear is important in your journey. You can do that by understanding how he market works so then you'll be well informed and make decisions that'll strengthen your knowledge. of the industry.

After doing that then you'll become a believer and not a doubter  of the market, experience eliminate fear but because you don't have one when you're still a newbies that's why you're still sacred of the market so you have to  give yourself time to understand the market then you use that experience to your advantage and invest in Bitcoin.

But if after you have gained experience yet you're still afraid of the market then you aren't ready for the industry because the industry is one that prey on people fear and then make them lose money, basically money  moves from those that are afraid to those without fear or have their fear under control so that's what you have to learn to do to make it in this industry.

[Johncarter14us]

All humans by default are greedy, it takes a disciplined individual who has understood the market structure of bitcoin to fight off that greed and excel. Fear is a deterrent for growth in any area of life but in that case of bitcoin, it's volatility drives fear in the hearts of new investors.

It's okay to be scared as a beginner investor in bitcoin but gaining the necessary knowledge could turn that fear into strategy. Fear and greed isn't always the problem but misleading information can sometimes drive these factors.

Understanding bitcoin means you've experienced it and there's not two ways about it. I'll advise newbies not to jump into investments they don't yet understand because like in bitcoin a slight change in price especially when it dips could ruin your investment journey due to panicking and eventually selling off your asset.

[Achalugo BTC]

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.

Yes, that's why anyone that wants to be part of Bitcoin investment has to invest with what they can afford to lose. This can help them relieve pressure, as they are already aware of the potential risks involved. There are some people who invest, even knowing fully well they don't have the capacity to handle the pressure. This can make them abandon their journey halfway without achieving their goals.  So, whatever one is doing in life, they have to do it with proper understanding so they don’t end up getting lost or hurt.

[KawasakiNinja1_]

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.

Yes, that's why anyone that wants to be part of Bitcoin investment has to invest with what they can afford to lose. This can help them relieve pressure, as they are already aware of the potential risks involved. There are some people who invest, even knowing fully well they don't have the capacity to handle the pressure. This can make them abandon their journey halfway without achieving their goals.  So, whatever one is doing in life, they have to do it with proper understanding so they don’t end up getting lost or hurt.

Actually you should say the main point everyone needs a discretionary income to invest in Bitcoin which is left over after supporting the family or meeting basic expenses. In this they can be stress free because we can say this with certainty they should invest as much as they dare to lose, should apply proper investment strategy and should also control watching charts or social media because many people can get lost in investment due to wrong signals or wrong information from there.

See, those who invest consciously may have the ability to handle stress because they venture to invest their money only after gaining experience in investing but I think those who are ignorant may not be able to adopt proper strategy proper planning while investing..

[Ummeettaa]

All humans by default are greedy, it takes a disciplined individual who has understood the market structure of bitcoin to fight off that greed and excel. Fear is a deterrent for growth in any area of life but in that case of bitcoin, it's volatility drives fear in the hearts of new investors.

It's okay to be scared as a beginner investor in bitcoin but gaining the necessary knowledge could turn that fear into strategy. Fear and greed isn't always the problem but misleading information can sometimes drive these factors.

But it's better fear and greed shouldn't be brought along while starting a Bitcoin investment journey, it should be well handled or well managed before starting investing.

No matter how an investor's experience and knowledge of Bitcoin, it will be hard for one to turn their fear into strategy because no matter how careful one is and is afraid, that fear will always make he/she make decisions recklessly sometimes.

As for misleading information causing fear and greed, that is one of the main factors of Bitcoin investment one needs to turn deaf ear to for a likely successful investment.

[God Tim]

have experience and a necessary view of the point about Bitcoin investments. May investment support Make poor decisions without a clear plan when price. Having a good time and plans and understanding the risk management can help many people or individuals to avoid mistakes. work is so important but investors should also remember that Bitcoin price and marketing does not directly recover, so proper risk management is important. We learned to invest based on the price of financial services and Long term investment goals rather than emotion.

[Patrol69]

When you work with a lot of fear about this investment after making an investment, it will naturally be difficult to maintain this investment for a long time and the continuity of the investment will be lost. Similarly, if you are excessively greedy in investing without expecting anything good from the investment, then you can never expect anything good from this investment. Because when greed works, the investor will repeatedly check his portfolio and repeatedly observe the market, as a result of which the small changes in the market at that time will affect him a lot. Affected by the small changes in the market, he will try to sell at a profit and buy again later. Similarly, when he sees that the market is temporarily down, he will not be able to control himself or be patient at that time, but he may make a different decision.
Therefore, excessive greed or excessive fear should be eliminated in advance and one should try to continue the investment normally.

[MainIbem]

Yes, that's why anyone that wants to be part of Bitcoin investment has to invest with what they can afford to lose. This can help them relieve pressure, as they are already aware of the potential risks involved. There are some people who invest, even knowing fully well they don't have the capacity to handle the pressure. This can make them abandon their journey halfway without achieving their goals.  So, whatever one is doing in life, they have to do it with proper understanding so they don’t end up getting lost or hurt.

You're right, Bitcoin isn't risk free, moreover the future is unpredictable so it makes no sense to use money for important expenses to invest in it but leftover funds after settling those expenses (discretionary fund). If someone fully understand the nature of Bitcoin with how it has withstand different obstacles in the past and potential to do better in future, I don't think such person would be unable to withstand any pressure. Going into anything without proper understanding would definitely lead to poor decisions on the long run that would negatively affect it.

[Rockson1]

Yes, that's why anyone that wants to be part of Bitcoin investment has to invest with what they can afford to lose. This can help them relieve pressure, as they are already aware of the potential risks involved. There are some people who invest, even knowing fully well they don't have the capacity to handle the pressure. This can make them abandon their journey halfway without achieving their goals.  So, whatever one is doing in life, they have to do it with proper understanding so they don’t end up getting lost or hurt.

People should have ask why, discretionary income is always mentioned when Bitcoin investment is been discussed, it is important to invest with your discreationary income, an amount that will add no stress on you when investing, investing without considering how much you can let go is easily is the word thing to do, I agree that one should understand how to invest rightly but the full knowledge can not be gotten once, ordinarily I think with the idea that profit is not guaranteed in Bitcoin wether on a short or long-term, investors has to understand that, going in with their discreationary income is the right approach.

[Chibit01]

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.

When you are in a hurry to make a profit, you will end up giving that small money to scammers who are patiently waiting for you to come fall victim of their trap. Some people enter the market with the wrong mentality, equated with how some view gambling as a place for quick profit. The safest way to survive the market and enjoy yourself is when the person is determined for a long ride and doesn't be pushed by however the market is reacting until the bull market, when you see your profit secured and there is a need for profit to he has taken.

[Mate2237]

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.

A lot of people miss out on opportunities when it comes to buying Bitcoin because they try to wait for the perfect time to buy but there is no such thing. You can invest in bitcoin at anytime it does not matter whether the market is going through a dip or increasing. Although buying when the market is low gives you an advantage but you cannot always predict or time the market.

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.

Cheap ways to buying Bitcoin? Anything asides buying when the price is low there are no other ways to buy Bitcoin for a cheap amount, the problem with a lot of people is that they lack knowledge and just greed factor, the absence of knowledge makes new investors take wrong steps that makes them end up getting scammed.