Post
Topic
Board Speculation
Re: Bitcoin price and my mindset
by
Supreemo
on 09/04/2023, 17:50:29 UTC
The bitcoin price is of course a very important thing because it allows us to make a profit or loss, as long as we can be patient and hold on for the long term then we can get big profits, unfortunately most people are impatient so they miss the opportunity to get big profits.
Profit is something that no one can guess. Meanwhile, losses are something that is certain and cannot be denied, so you need patience to be able to get profits, even though it is also not certain that you will get it within a certain period of time. And because profit is something that cannot be reached precisely in terms of time, that is why everyone is highly recommended to use money that is not used on a daily basis when buying Bitcoin or when investing in Bitcoin.
there are people who couldn't swallow losses, and adding their unstable emotions they will end up having wrong decisions on trading. this is what I mostly see specially in new traders or investors. sometimes too they wanted to get fast profits which lead them to be more panicked whenever they see the market changes even a little coz they have accepted that they are risking money but they are prepared yet or their mentality isn't ready to imprint that there will be spikes on the prices and more often if you'd see.