Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
Hatchy
on 06/08/2024, 22:19:44 UTC
Are you one of those who get panicked when bitcoin price falls by 10-20% in a day ? Or you are no longer affected by such price drops and continue to invest on each dip ? Any suggestions on how to control own feelings in case of such drastic drops in bitcoin price ?

I think for someone who has been in the Bitcoin investment for over 3-4years now, I don't see any reason to be scared of the dips. It's not  something any one should actually be scared of, it doesn't matter how long you have been holding. The amount of Bitcoins you hold today will remain the same tomorrow and in the future. Just the value in the market changes due to volatility nature of Bitcoin and many other factors that influences it's price. There's nothing to panic about. Just use every dip to accumulate and hold even more BTC so when the price might return to a bull season, you would be filled with joy of a holder.