Quote from: Dr.Bitcoin_Strange on May 20, 2023, 06:14:58 PM

Quote from: JayJuanGee on May 20, 2023, 12:06:51 AM

I agree that anyone could be subjected to price pressures, and even uncomfortable feelings when BTC prices go down more than 50% and stay down for long periods of time, but it would be an error to speculate that all investors are impacted in similar kinds of ways - because there can be both a lot of value in time investing in a variety of asset classes and having wealth in a variety of ways that might cause a person to be less concerned about great losses in the quantities of BTC wealth when they have their wealth secured in other ways, too.

You are absolutely correct, sir. Both in Bitcoin and other investments, when they remain unprofitable for a very long time, the investor might feel uncomfortable about them. But when it concerns someone who has different financial sources of income, they can only have that pressure for a short time, but after the thoughts slide off their mind, they get occupied with other sources that are generating income for them.

Well I guess this is true, because the first time I actually got into the crypto space and started my investment journey it was like I was a watchman on the market price cap and I couldn't just get my eyes off the price to know if my investment is actually going the right way or sideways. But I feel this is not solely attributed to me not having investment in different place, I think the newbie syndrome also contributed to this behavior but after I was properly grounded on bitcoin volatility I knew it was common and the bear and the dip no longer scared me again. Lack of knowledge is like a disease that kill faster than even a pandemic disease.

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I can say that most people investing in Bitcoin are handling it in such a way that price volatility during the bear market really makes them so uncomfortable, probably because Bitcoin is just where they have all their investments. Personally, I think it is wrong to just have one source of income, particularly internet-related. One can invest in bitcoin and other physical assets.

Well having a diversified investment or source of income is probably the best option of a strong business man and veteran investor because this will increase your chances of getting more profits and reduce the effect of to be enquired when you have all your investment in one place.