Quote from: virasog on Today at 04:19:06 PM

It is very difficult to control your emotions during the times the prices are correcting even in the bull phases. A mere 10 to 20 percent downward movement in bitcoin may panic many holders who wanted to exit at the bull market top.

During such times, a lot of things comes into the mind that the bitcoin bull market is over or we are near that stage or maybe price is making lower high and never make another all time high. All these things creates a lot of doubts in the mind of investors and only those who are firm holders can survive this testing time.

I think the difficulty in actually been able to control your emotions depends on your investing ethics, for example if you invest with an amount you don’t think you can lose like borrowed funds or other money meant for very important household purposes and you invest to actually make short term profit then you can simply be frustrated once the market is going down even for a little amount they easily panic.

Long term investors or those already familiar with the bitcoin market will definitely not panic, it is usually all about planning out your investment plan well, it always advisable to go for a very long term holding strategy and invest gradually with a discretionary amount, for example someone who had invest since last three years ago wouldn’t be fazed out with Little dips like this, old investors are usually aware of this dips as corrections