Quote from: Ucy on October 16, 2019, 09:14:35 AM

Quote from: joelsamuya on October 14, 2019, 08:21:09 AM

In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.

On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

Having multiple sources of income would help alot. This also applies to other areas of businesses or investments. Many wealthy business owners have multiple companies. If one company stops being very profitable, they continue using others companies. This helps them cope with the little problem the other company is going through until the company begins to be profitable again.
I think you should have multiple sources of income and you wouldn't worry too much about price again

Even if you don't have other businesses or sources of income, if you think you are already stressed by what is going on in the market, it is good for you to take a little rest from it. We all have hobbies that we can make ourselves busy with and forget about the prices, the drop, and the bears. Why not take a short vacation, away from the charts and the screen? For me it is not worth stressing ourselves with the market when we know that the bad days are temporary.