[edited out]
I mostly agree with you bitLeap in terms of sometimes newbies might be too weak in terms of their being uncertain about their investment into bitcoin, and therefore, they end up experiencing regrets at various points along the way, and perhaps a lack of a plan for how to financially and emotionally deal with BTC prices that might go in a downity direction that they had not expected and perhaps to stay in such downity direction for much longer than they had expected.
This is as if you are talking to me directly. It was real torture when I first bought Bitcoin after a friend convinced me to buy that I will make quick profit. As a student, it was not easy watching my investment down by almost 20% in few weeks. Well I am happy my friend was patient with me, giving me all the support and encouragement I needed then, so it took me time to begin to understand how the market works.
When we are new to investment (especially something like bitcoin), we should be expecting to continually be buying it in the beginning. I understand that it is a difficult concept to appreciate because many people expect the BTC price to either go up or to stay flat when the first start buying it, but yeah, it could go down 10%, 20% or even 30% to 80%, which really can cause newbies to question if they have entered into a good investment.. and the fact of the matter is that none of us likely know that the BTC price is going to go down 80%, so we might feel somewhat foolish to have bought so high and after the fact, it seems obvious that the BTC price was going to go down, but our retroactive (after-the-fact) perceptions are misleading.
So yeah, it is so much better if we come into bitcoin and we anticipate that we might need to continue stacking for a few years before getting into profits and that it might be uncomfortable.. but the mere fact the price had gone down does not necessarily mean that we should have had waited before getting in. So, yes, it can feel like a pretty damned BIG dilemma for newbies in that kind of a situation in which their BTC holdings are likely in the negative for a decent amount of time.
My major challenge at the beginning was the mindset; maybe due to the fact that I was promised quick profit. So it was not easy waiting for days turn into weeks and months to see the profit yet it was not coming.
It is in the entire process I learnt that you only lose with Bitcoin when you sell, else Bitcoin is always something of value when held irrespective of the market condition. I can confidently say that buying Bitcoin was one of the best decision I made and like I said, I am really growing the mindset to handle any market condition and that is some sort of suiting relief.
Hopefully you are in bitcoin.. Fuck shitcoins. Hopefully you are not in crypto or shitcoins.
Hopefully, you can also attempt to not use the word "crypto" if you are really talking about bitcoin, rather than shitcoins, and if you are talking about both bitcoin and shitcoins, then hopefully you can be a bit more clear about what you mean
I think this should be the second time I am seeing this correction that using "crypto" when referring to Bitcoin is wrong. Correction is taken and going forward, Bitcoin is Bitcoin... well learning is a continuous process. Also, for the purpose of knowledge, where did the world "cryptocurrency" come from? I read somewhere that Satoshi never mentioned that word instead he used Cryptography.