Quote from: culuuton on Today at 01:02:34 AM

You aren't wrong, I will also choose to buy bitcoin and wait. Some people bought some bitcoins and forgot about it, they became rich after a long time. People are afraid because they are trading day or short term investments, the margin is quite large and they only see risk.

Because the adoption of bitcoin for daily life is still very low, so far bitcoin only prevails on the trading floor. What influences investors to be afraid to invest in bitcoin apart from price fluctuations is because traders do not have an understanding of bitcoin and do not have a trading plan or trading strategy.

Without a strategy the investor takes the following steps:

1. Bubble burst will occur, so sell all bitcoin you have and expect the market to fall as low as possible. So that the bubble isn't as bad as thought and the market is getting stronger, they don't have bitcoin.

2. Having a confidence bubble will never happen. So invest all your money in bitcoin and altcoins. When the bubble burst occurs, the prices of bitcoin and altcoin drop and not all altcoins recover when the market improves.

3. Not too well understood, so surrender and hope the bubble will soon pass and the market will strengthen again So base investment on expectations, not analysis.

There must be a trading plan so that when the crisis comes and lasts long, we can ensure that we are able to survive until the end. but if the crisis is not as bad as predicted, we can be calm because we are best prepared to take the opportunity.