Do you still feel anxiety when Bitcoin's price drops significantly, even though you're in fiat profit (100% +) ? Why or why not? And when did you truly stop feeling any emotional attachment to the price fluctuations?
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38 sats \ 1 reply \ @79c9095526 31 Mar
As someone who is retired with the majority of my wealth in bitcoin (and without a pension, social security yet), price drops can be a struggle.
I think the total net worth number is much more anxiety inducing than the % profit you're in, particularly when you're past your sat stacking days. That would apply even to a traditional retiree with a stock portfolio. It doesn't matter that you bought Apple at 1/4 of today's price, what matters is how much your net worth is fluctuating to the downside.
Bitcoin is money, magical internet money, but still money. The point of money is to be able to buy things of actual value to a finite human life. Things like shelter, transportation, food. Purchasing power of a money going down is bad. I don't want to be able to buy less bananas today than I could yesterday.
Now, I believe on a long timescale the purchasing power of bitcoin will go up and it has proven a very worthy store of my life's monetary value thus far. But drops still hurt.
To be honest, I think at some point, I will diversify a little bit and put some amount into more 'stable' stores of value that I know can hold me over for 5ish years. That way I don't have to think about bitcoin price as much or selling during a bear market.
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17 sats \ 0 replies \ @Catcher OP 31 Mar
I've had the same thought but struggled to put it into words. When your net worth is entirely in Bitcoin, short-term price drops can make things difficult—especially when you need to make a purchase. It creates a tricky cycle: holding cash feels like being short on Bitcoin, but holding only Bitcoin means a price drop in fiat terms feels like everything in your life just got 20% more expensive.
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21 sats \ 0 replies \ @030e0dca83 31 Mar
Seems like as an atom I'm in a superposition: when Bitcoin price drops I sad my stack's value fall and I'm happy my DCA strategy will bring more sats; and vice versa when Bitcoin price increased. The most exited part - this emotional rollercoasters are temporary because Bitcoin have no price it's priceless and now we have time to accumulate it almost for free
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21 sats \ 0 replies \ @flat24 31 Mar
The only emotion that the price is occupied, is to see it go down, that is when I appreciate knowing that my miserable Fiat currencies buy more sats at that moment ... I love discounts.
I would not know how to tell you at what exact moment I stop feeling anxiety for the rise and low of the price.
But I could tell you how I did, and he studied. As you study more, Bitcoin, the current system, money, empires and previous coins, geopolitics, economy, and other more issues that are inevitable if you enter as it should be in the burrow, you understand the world better and understand that Bitcoin is a baby, and that nothing has really happened yet. That is now is that growth is missing.
Approximately, it only has about 2 trillions of more than 900 trillions that are approximately all existing assets, gold, bonds, art, money, real state and others.
The way to go to achieve its maturity and really powerful growth is still too long.
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21 sats \ 2 replies \ @Aardvark 31 Mar
I used to feel anxiety when I first got into bitcoin, but the more I've learned, the less I've cared. Obviously I don't mind getting it cheaper, but ultimately I have faith in bitcoin.
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21 sats \ 1 reply \ @BitcoinIsTheFuture 31 Mar
Yeah, same. I now realize Fiat will fail and this will be the new global monetary standard. That or a CBDC, lol
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10 sats \ 0 replies \ @Catcher OP 31 Mar
I think anxiety isn’t caused by a lack of conviction or understanding but rather by subconscious things. Even when we know there’s nothing to worry about, the body still reacts as if there is. Maybe it's a PTSD from the last bear market, i don't know)
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0 sats \ 0 replies \ @j7hB75 1 Apr
If the exchange rate of bitcoin to fiat drops I see it as an opportunity to exchange the fiat I have for more sats.
I have established enough conviction over the years to not be affected much by exchange rate volatility. My goal is to accumulate as much sats as I can as well as spend sats on goods and services when and where possible.
Over time, the purchasing power I will gain will trump any purchasing power I had if only holding fiat or fiat denominated instruments.
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0 sats \ 0 replies \ @Riberet 31 Mar
No, I haven't felt that anxiety for a long time.
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0 sats \ 0 replies \ @Satosora 31 Mar
They say you should only look at your 401k as minimally as possible.
I think you should think the same way with your bitcoin.
If you are up, you are up, you have nothing to worry about.
Stop letting your mind trick you into thinking the price now actually matters.
Stay humble and stack sats.
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