Post
Topic
Board Bitcoin Discussion
Re: Bitcoin: risk nothing, you're risking more
by
taufik123
on 14/07/2023, 15:13:48 UTC
as long as we hold bitcoin, I think even that is also minimal risk considering we believe that one day it will recover even higher, but to solidify this intention we must have knowledge about bitcoin, both its volatility, hopes for the future of bitcoin, and how to control our emotions in dealing with price fluctuations. if all of that is understood then investing in bitcoin feels light. even so the risk is still there because we keep it in a personal wallet where theft can occur, and of course we can't report it to the authorities, but there are ways to anticipate all that
Price fluctuations are a problem for those who don't understand how Bitcoin works.
They usually panic too much and some new users will do silly things by selling their bitcoin holdings because they are worried that it will continue to fall.

Even though if you already understand bitcoin, this does not need to happen. emotions are indeed the root of the problem that makes many investors lose.
Can not control emotions then the trading strategy will be chaotic.

Bitcoin will recover again despite being hit by many storms.
Bitcoin continues to recover and will reach its highest price again later.