Post
Topic
Board Bitcoin Discussion
Re: No panic while holding my Bitcoin
by
kawetsriyanto
on 04/07/2023, 21:54:54 UTC
First before i bought my first bitcoin, i first of all build a good understand of the market and how bitcoin volatility works, and also learned about the effect of external forces in determining the price of Bitcoin  such as exchange crisis and other governmental policies that can have short time effect on bitcoin.
Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time.
This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.
Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.
You did the right way, learning first before investing in Bitcoin is a must. You must be panic if you have no knowledge about the market nature, how BTC price history, how the FUDs attack, and how the potential of BTC price growth. The crisis or economic issue is just a common matter in crypto, it may influence the price temporarily but won't have a serious impact for the long term. As long as you invest for a long term, you don't be afraid for the profits. In the next 1-2 years, we will have BTC halving and probably bullrun time. You must know this if you already learn about 4 years cycle of BTC price move. So, it is lucky that you learn first and you are not panic at the moment.