Quote from: Falconer on March 10, 2023, 02:51:45 AM

Quote from: Franctoshi on March 09, 2023, 09:02:19 PM

Some people might be Panic selling right now due to fear of uncertainty, While this is really the right time to start building up your portfolio and I'm buying more of Bitcoin. However, if you had missed the first pump on January, now seem to be another nice time to get in. I have actually started adding up a little more of Bitcoin Into my portfolio at 20.7k and will continue to DCA down the line ,HODL and believing that history will reward us in the coming future.

Such a mindset is really not a big deal, but they are just impatient and may not be able to handle the consequences of correction. In an area of decline like this one can easily get swayed by FUD, whatever it is but then you and others will benefit. I mean if you actually buy on the dips and hold on.

Remember that weak hands are very likely to sell and take losses, while strong hands will hold and get another incentive to buy and accumulate during a correction. It doesn't matter how much you can afford to buy, but collect as much as you can afford to lose. After all, you also still have to adjust your budget as well.

I totally agree with you that long-term mindset is crucial for success in any investment, specially in volatile markets like stocks and crypto currencies. It is important to be able to handle such ups and downs and not let short-term fluctuations dictate your investment decisions. Being a strong hand investor and having the discipline to hold on for long-term is likely to achieving investment success.