Post
Topic
Board Speculation
Re: Bitcoin Investors Confidence in Bitcoin💪
by
dunfida
on 31/07/2023, 19:47:53 UTC
In 2018, when I heard about Bitcoin from an elder brother in the area, I became addicted to Bitcoin. Since then, I started learning about Bitcoin from that elder brother and got the opportunity to learn more details from the forum by logging into Bitcoitalk with his ID.  .
And in view of this in 2020 I invest some of my savings in Bitcoin.
From teaching, when Bitcoin broke past record highs at the end of 2021, I had the opportunity to make a good profit from my invested Bitcoins, but my strong belief in Bitcoins prevented me from selling Bitcoins, after which the price of Bitcoins began to decline.  Then different people tried to discourage me in different ways but it is from this forum that predictions about Bitcoin and my confidence in Bitcoin still make me come.
As long as the bitcoins are in your wallet, I think you haven't loss. Maybe temporarily you can buy at high price and lose at current price. But depending on the possibility of future halving and Bitcoin's bullish movement, it can be concluded that Bitcoin will surpass its previous high price. It cannot be said precisely when that situation can be created. My suggestion to you would be since you are holding bitcoin for long time so wait some more time which may give you more than your expectation. Another thing is that those who hold bitcoins and be patient will surely succeed in investing.
Not everyone have got the ability to hold long-term. This is where many people term bitcoin have made them into big loss. When someone looks for quick money, the risk associated will be high. When we're to take big risk we should be ready with alternate plans so that things can be kept in control even if the prediction didn't happen as expected. The market runs over trust and the same makes bitcoin investment effective over other forms of investment. As suggested until the bitcoin is in the wallet there's nothing to worry, just the market fluctuations give variation in the portfolio amount and the same can be compensated by holding.
Would really matter in terms of someones preference and patience on their investment on crypto and this is why we do see different variation when it comes to decision making.Some could be able to hold and some couldnt really just able to do so because just like on what others been saying that we do prefer on seeing profits in a short time basis and this is why we do really come after for decisions which it could generate out potential income without needing to wait further or longer. Investors confidence towards bitcoin is still high because it wont really be sitting on the top of the ranks or in the market if the support and recognition isnt there.
This is why on the time that you would really be stepping your foot into this unpredictable market then you should really make yourself that get prepared for whatever situations or conditions that you would be able to face off.Plus we do really have that market which does have that cycle or phase on which prices couldnt really move as we do anticipate or presume out. This is why decision making would be entirely be depending
on your goals or targets on which it could be altered out along the way.