Many people want to get big profits immediately when investing in bitcoin, if this is in our minds then we must learn, many people are successful in bitcoin because they invested when bitcoin was not yet popular and of course the risk at that time was bigger than now, and as long as we can be patient then we will be lucky and profit.
Those who are already working as investors certainly know how they will take risks and be patient when investing in certain assets so that they will not think of getting big profits as soon as possible. Even though their basic goal is also looking for a lot of profit, that doesn't mean they will immediately hope for an asset like Bitcoin. And maybe a lot of people you say are those who are new to Bitcoin so their minds are still too short when they want to expect immediate profits in Bitcoin.
I'm with you on this, and in fact, no trader or investor with this mindset will lose their money unless they do not have a good strategy and management. Trading needs us to have alternative sources of income so that we can remove our minds from 'getting rich quickly' through it which is the main source of emotion that makes people lose. And if done this way, one could make a huge amount without even noticing over time.
There is this account I opened with $3000 in February specifically to trade gold. It hit the ATH balance of almost $21,000 this month, which is an ROI of about 700% in just 4 months. For me, I felt the success was slow, but when I realized how difficult it is for others, I continued with my cool approach of not risking much, it preserves trading accounts.
So my question, do you still see price returning to $20K or otherwise happy to buy at $30K, if you missed out on $25K? O did I miss your return to being bullish again at a certain price level?
Thanks for the question. One thing about me is that I'm a dynamic trader and I trade only the trend of the market, and I could decide to trade any time frame today or use multiple time frames which I do often. By this, a lot of signals have been detected after opening this topic and I'd bought and sold the market for good by the guide of the 4H and 1D charts aside from the 1W pattern.
I also partook in the last bullish movement that happened recently. After all, it's about making money irrespective of where the market face.