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Author Topic: What do you do when the market is bleeding to avoid stress?  (Read 6966 times)

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #30 on: August 24, 2024, 07:44:04 PM »
I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,

I'm curious, what will you do to avoid stress due to unexpected market movements??
Yeah OP it's like that sometimes. To avoid stressing your self like panicking over dips you have to put in mind that you are a long term hodler which is actually best and easiest. Anyways sometimes you may panic especially when the price of bitcoin is a little bit way below the recent price with which you bought some coins last to add to your hodling portfolio or wallet rather.
To prevent this try to wait for the best moment or prices to buy and this is usually during dips. Also to kill that urge of wanting to spend your coins sooner you should consider making use of a a watch only wallet with a paper back up.
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Re: What do you do when the market is bleeding to avoid stress?
« Reply #30 on: August 24, 2024, 07:44:04 PM »

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Offline LogitechMouse

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #31 on: August 24, 2024, 07:45:58 PM »
---
I'm curious, what will you do to avoid stress due to unexpected market movements??
In the past, I'm not looking at any applications on my mobile or websites on my phone that's related to cryptocurrency. Back when I'm still a newbie, I felt the panic as well when I saw the market going down double-digit percentages in a single day. I mean every newbie that is inexperienced with how the market moves will feel the same as mine.

Nowadays, I don't care about the market movements at all. I will just visit crypto-related websites and whenever I see the market going down double-digit, I'm just smiling and hoping it will recover soon (which I know it will). Whenever I have spare money, I will just buy Bitcoin and nothing more.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #31 on: August 24, 2024, 07:45:58 PM »

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Offline luckyledger

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #32 on: August 25, 2024, 12:03:10 PM »
---
I'm curious, what will you do to avoid stress due to unexpected market movements??
In the past, I'm not looking at any applications on my mobile or websites on my phone that's related to cryptocurrency. Back when I'm still a newbie, I felt the panic as well when I saw the market going down double-digit percentages in a single day. I mean every newbie that is inexperienced with how the market moves will feel the same as mine.

Nowadays, I don't care about the market movements at all. I will just visit crypto-related websites and whenever I see the market going down double-digit, I'm just smiling and hoping it will recover soon (which I know it will). Whenever I have spare money, I will just buy Bitcoin and nothing more.

That's a good strat for not spending your nerves in the long run indeed ;D I am happy that found the strat that suits you and brings you joy.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #33 on: August 25, 2024, 12:24:20 PM »
I think you made smart move by buying more Bitcoin when market went down. It is good that you have plan for your investments. If market goes down again it is normal to feel worried but having solid financial plan and strategy can help you feel better.

To avoid feeling stressed when market changes suddenly I think it is important to have clear goals spread out your investments and stay informed but not too focused on market changes. Having financial backup plan and thinking about long term can also help. Remember market ups and downs are temporary. By being prepared and focused on bigger picture you can handle unexpected market changes with confidence.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #34 on: August 25, 2024, 05:23:20 PM »
I hold more BTC now than I did last month, that's because I added to my supply when the market crashed a few days ago.... Even if the crypto market goes into a bearish phase again and drops below $50k for BTC, I'll be confused because the money allocation for crypto purchases is no longer there... maybe I'll be a little stressed when that happens,

I'm curious, what will you do to avoid stress due to unexpected market movements??
For me I think DCAing would be the best thing to do during red days in the market that if we have funds to ultilize during that time but if we have nothing I think that will still give as stress because we might think of missing that opportunity so yeah better to prepare for that kind of situation.

Nearly anything can happen on the market, and we should be prepared for most of it if we want to reach the goals we have in mind.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #35 on: September 06, 2024, 10:57:52 AM »
I think you made smart move by buying more Bitcoin when market went down. It is good that you have plan for your investments. If market goes down again it is normal to feel worried but having solid financial plan and strategy can help you feel better.

To avoid feeling stressed when market changes suddenly I think it is important to have clear goals spread out your investments and stay informed but not too focused on market changes. Having financial backup plan and thinking about long term can also help. Remember market ups and downs are temporary. By being prepared and focused on bigger picture you can handle unexpected market changes with confidence.
we don't need to worry about the price of bitcoin or the crypto market is going down, we can buy more potential coins.
Yes, the ups and downs [of the market are temporary, because the crypto market is very volatile. And we can profit from market volatility.
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Re: What do you do when the market is bleeding to avoid stress?
« Reply #36 on: September 06, 2024, 11:58:27 AM »
I think you made smart move by buying more Bitcoin when market went down. It is good that you have plan for your investments. If market goes down again it is normal to feel worried but having solid financial plan and strategy can help you feel better.

To avoid feeling stressed when market changes suddenly I think it is important to have clear goals spread out your investments and stay informed but not too focused on market changes. Having financial backup plan and thinking about long term can also help. Remember market ups and downs are temporary. By being prepared and focused on bigger picture you can handle unexpected market changes with confidence.
we don't need to worry about the price of bitcoin or the crypto market is going down, we can buy more potential coins.
Yes, the ups and downs [of the market are temporary, because the crypto market is very volatile. And we can profit from market volatility.

You are right, but I think most of the portfolio should be made from BTC and other - big - alts if we don't want to panic at all even when our bags are red ;D
The only thing that would be at stake is time for which we need to see our boons from our investments grow.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #36 on: September 06, 2024, 11:58:27 AM »


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Re: What do you do when the market is bleeding to avoid stress?
« Reply #37 on: September 06, 2024, 12:09:00 PM »
we don't need to worry about the price of bitcoin or the crypto market is going down, we can buy more potential coins.
Yes, the ups and downs [of the market are temporary, because the crypto market is very volatile. And we can profit from market volatility.
Okay, let's say it's true "temporary" but, BTC was at $69k in 2021 and it took 3 years to reach the same point again in 2024... yes it's temporary but it's quite a long wait for that moment... of course many people have reached the point of despair and boredom because 3 years is enough to make many hopes disappear.

Of course we don't want to get caught up in something that is temporary but very long, right?

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #38 on: September 06, 2024, 12:52:38 PM »
Okay, let's say it's true "temporary" but, BTC was at $69k in 2021 and it took 3 years to reach the same point again in 2024... yes it's temporary but it's quite a long wait for that moment... of course many people have reached the point of despair and boredom because 3 years is enough to make many hopes disappear.
I think it's a matter of perspective to be honest. Which is hard to stomach if you're living in the moment. I mean, let's say we expand the comparison to 2011, then you end up with something incredible if you care about returns of investment. I also think you'll get additional steps if you put all of your money to one investment in general, including Bitcoin. So yeah, the smart decision is definitely to swing trade to if you want to maximize profits, but if you don't have the mental capacity to do that it would be better to just ignore price volatility and keep DCA-ing.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #39 on: September 16, 2024, 08:17:53 PM »
When the market crashes, it's hard to stand still.  Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time.  I think it's easier to say these words as advice.  It is perhaps natural that anyone loses their temper when they lose their money.  If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope.  Alternative ways of income should also be kept ready.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #40 on: September 17, 2024, 09:29:24 AM »
When the market crashes, it's hard to stand still.  Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time.  I think it's easier to say these words as advice.  It is perhaps natural that anyone loses their temper when they lose their money.  If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope.  Alternative ways of income should also be kept ready.

Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #41 on: September 17, 2024, 08:08:17 PM »
Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
And this is what most people do not understand and come to trading without understanding. Most of the time behind this, I would say that the positive aspects of trading are promoted more and more. Different exchangers and projects provide interesting promotions on various social media through which users are attracted and without understanding the relationship of trading analysis, they go down to trading.
And besides, we must be ready for those situations and we need to be ready before trading because the first rule of trading is that you invest as much fund as you can afford to lose.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #42 on: September 17, 2024, 08:24:56 PM »
Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
And this is what most people do not understand and come to trading without understanding. Most of the time behind this, I would say that the positive aspects of trading are promoted more and more. Different exchangers and projects provide interesting promotions on various social media through which users are attracted and without understanding the relationship of trading analysis, they go down to trading.
And besides, we must be ready for those situations and we need to be ready before trading because the first rule of trading is that you invest as much fund as you can afford to lose.
Investing funds as far as we can lose is something difficult in practice because in investment we always want to get a profit. In trading we must have the best experience, knowledge and analytical abilities. If we only rely on luck, we will suffer a lot of losses. So as much as we do the exercise by learning and keep looking for information that we can examine as materials to make analysis.
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Re: What do you do when the market is bleeding to avoid stress?
« Reply #43 on: September 17, 2024, 10:51:50 PM »
Everybody should be ready for situations like that, not just in crypto or trading.
For me, it's better yet to leave things up and go into the wild or in the forest, look at nature, breathe, drink some water, and make some meat with my friends, and everything stabilizes with time.
Just don't lose yourself in despair, as you said.
And this is what most people do not understand and come to trading without understanding. Most of the time behind this, I would say that the positive aspects of trading are promoted more and more. Different exchangers and projects provide interesting promotions on various social media through which users are attracted and without understanding the relationship of trading analysis, they go down to trading.
And besides, we must be ready for those situations and we need to be ready before trading because the first rule of trading is that you invest as much fund as you can afford to lose.

Some people think that trading is same thing as gambling and that it depends on how lucky you are and not how experienced you are and that's why they lose after they go into trading. Those people that also thinks that trading a means to earn quick income and become rich are the ones that fall in danger of this situation. Being successful in trading requires that the trader must have a concrete knowledge about trading and also about cryptocurrency before they can do well.

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Re: What do you do when the market is bleeding to avoid stress?
« Reply #44 on: September 17, 2024, 10:56:10 PM »
When the market crashes, it's hard to stand still.  Because it is difficult for anyone to maintain himself when he sees his money sinking. However, the rules of trading include patience. The morale must be strong. Because the market condition can deteriorate at any time.  I think it's easier to say these words as advice.  It is perhaps natural that anyone loses their temper when they lose their money.  If you see bad market conditions, you should refrain from re-investing. You should learn to analyze the market. You cannot invest all your money. Because there is no hope.  Alternative ways of income should also be kept ready.
Well, yes, if we feel very stressed when we see the market's bleeding, then the only way I usually do is to close the market temporarily. In other words, I will not open the market for at least 2 days until my mental and emotional condition is more stable to accept the reality of the market.

Moreover, this is a matter of our trust to do long-term holding, so we must be able to manage our emotions when the market is bleeding, make sure we don't panic, and just let it be, after all our target is for the long term.

 

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