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 ?
Now it depends, what you exactly doing with the Bitcoins. If you are just a long term investor then it doesn’t at all matter if the price falls till 20% in a day. But yes if you are a trader and that too trading in futures, then definitely you will start panicking. I have been doing both, I have some good investment and I was also trading in the futures in BTC/USDT pair. In the last week, I lost almost 2000$ due to the sudden market crash. I was doing futures trading for which I made losses. On the other hand, my Bitcoins investments are still untouched. I know the price will soon recover and I will get good profits in the long run.