Re: Newbies panic & Old timers smile, when the Bitcoin price take a dip.
I think the newbie seems to want to rush to get rich. And bitcoin is down making them frustrated and can't wait to wait for an increase. I think everyone must be patient waiting for the increase in bitcoin. Because surely bitcoin will increase over time.
It is this "Get Rich Quick" mentality that are causing the most problems. In 2017 a lot of people made some very good profits and a lot of newbies wants to emulate that, but the problem is that they do not want to wait a few years for that to happen, like the old-timers did.
So what is the direct result of their impatience? The answer is simple, they sell too early and then they lose money. My best advice to these newbies will be to forget about the performance of previous years and just to focus on buying as many coins as possible, in times when the price is low.
