Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin: Stress and Happiness
by
DabsPoorVersion
on 24/10/2019, 01:24:21 UTC
Quote from: n0ne on October 23, 2019, 10:30:31 PM
Quote from: virasisog on October 21, 2019, 03:48:52 PM
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?

I also had experience a lot of happy moment and decent earnings but vice versa i have also lots of regretful decisions and mind buggling losses.
Having a pause from all crypto related activities and travel out of town just to relax, forget and accept, helped me maintain my sanity. Cheesy Grin
Every user might have encountered it. Very few could have been lucky to get benefited at the right time using the right time. One of my friend who is into cryptocurrency long back perfectly made use of the previous bull market of price reaching ath of $20000. I missed the chance, further on conversation he explained he encountered similar loss in the past and that's the reason he could benefit by then. Most will be the same, and for the same getting stressed is not the right thing.
Most of the holders have encountered the same thing including me and you. This past ATH of bitcoin taught us the true meaning ang value of holding a bitcoin, without resisting its current dump, we were not be able to see and experience its success. They say history repeats itself, its no wonder the same thing will happen after a year or more. The thing we should do is to hold and nothing more.