Post
Topic
Board Economics
Re: bitcoin goes down, no new rich people anymore
by
Silberman
on 11/12/2019, 17:41:03 UTC
We should not be worried about the price. Price can up or down as it is the rules of crypto currency. We should wait for pump the price. Don't be panic at the time of falling price.
This is way easier said than done, if you have not invested a single dollar in this market then I agree with you it will be very easy to see the price going up and going down and not being worried about it, but if you are like many people here in this forum and you have invested a significant amount of money and time in order to acquire your bitcoin then you are going to be worried when the price goes up and goes down in a significant way because no human being alive wants to lose money.
Yes absolutely, this is just exactly what i have experienced in my first time investing some money in bitcoin, i really am scared of what might happen and i really felt the feeling of "what if btc price crashes?" and i can say that it is not easy but as time goes by i get familiar with bitcoin's price movement and i am not that scared and worried about the price anymore because i know it will soon pumped up and will give me good amount of profit.
The most important thing is to control our emotions, it is very easy to become very worried about the way bitcoin moves because it is very volatile but eventually you are going to get used to it and you will accept those movements as part of what it means to be invested in bitcoin, just remember your goal and what you are trying to achieve with bitcoin and any desire to sell your coins prematurely will leave you, but I cannot deny that from time to time it gets really difficult to hold your bitcoin.