Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's price, and mental health.
by
Twinkledoe
on 15/04/2020, 02:34:55 UTC
The fall in prices can indeed create emotional burdens for fear of losing, and even though it is difficult, we must be able to think positively that the market will be able to recover.

Only one thing leads to frustration - expectations. When they do not correspond to what is happening in reality, we are usually upset.
Therefore, it is important not to have expectations that may not come true. It is better not to have any expectations at all, then you can always be surprised and rejoice at what is happening.
It depends on the willings of the holder. Someone looking to make a profit in a short term basis will always be frustrated, while real holders are already adopted with crashes. It's not really about mental health rather than a normal fear of non experienced users. If someone doesn't take volatility under his considerations, then better to invest in fiat or stable coins and keep using banks.

No! Why they will be frustrated if they followed their plan very well. I do not hold and I do short term trade. I will not be frustrated even if the price of the bitcoin double in the near future because I follow my plan very well. For me it has more advantages than to do holding. We have different point of view after all because we have different goals and plan.

What we should be focus is our trading psychology, we need discipline especially if we want to earn money in the market. The discipline that I talking about is following our plans very well. For example, if we want to do short term trade then we should do it with the right criteria and we should follow our plan. The mentality of the traders are sometimes become the reason why they lose in the market.

Very few people can follow their plans because when they are already in the trading market, they tend to deviate from their original plans because they thought they will earn more by doing so. There is nothing wrong about it, but one should be ready for what will be the consequences of his decisions. Because if it doesn't go from your expectations, you will be disappointed and depressed of the results. So don't put too much expectations and just be conservative about it, so you will not be so disheartened if things go sideways.