Quote from: Sithara007 on Today at 03:20:23 AM

Quote from: Wawa2013 on August 09, 2021, 07:28:17 PM

Nothing is easy indeed to invest in Bitcoin, especially with its volatile price, it requires resistance to stress. Because I feel for myself how strong
mentality is important when deciding to invest in Bitcoin. As you said, it is not easy to face a decrease of up to 40% in a short time, it takes patience
and strong mentality, so that we don't stress about it. That's what a lot of study and practice is for, in order to form a strong mentality to be able to
face the market which sometimes looks scary.

Well.. investing in Bitcoin is not the same as investing in other assets. Because we all know that Bitcoin is a high-risk asset. So Bitcoin going down by 40% will create more nervousness for the investor, when compared to a situation where his stocks go down by 40%. Also, with the stocks, the prices in the long term depends on the financials of the company. If the company is having good financials, then eventually the prices should recover. No such thing can be said about Bitcoin. If the prices go down, then there is no guarantee that it will recover.

I agree not to equate investing in Bitcoin with other assets, because investing in Bitcoin is much more risky. So it's not necessarily people who
have succeeded in investing in the stock market, will also be successful in investing in Bitcoin. The price of Bitcoin is very volatile, so it is normal
for the price of Bitcoin to fall very deeply or even rise very high, things like that happen over and over again. Since there is no guarantee that
Bitcoin will recover, so it is very wise to always invest money that we can afford to lose. If we want to be successful investing in Bitcoin, we must
be willing to continue to learn, in order to understand how Bitcoin works.