As a young bitcoiner that is having plans to invest in bitcoin or already investing. How do you feel about the current price of bitcoin?
* is it encouraging to you that this is an opportunity for you to buy more.
* does it makes you lose hope concerning your investment that it should have gone beyond bitcoin current price of $25,835.
Before now many speculators do say by this the price of bitcoin should be around $35,000 by now, and this is the kind of news investors wants to hear all the time but it is unfortunate that the price of bitcoin has drop to $25k which can be heart breaking to some investors expecially the new ones.
Do not let the price of bitcoin right now make you give up on you investment plans, the drop in price is just a distraction to make you take a decision that can make you regret of the better days of the market coming.
I don't believe one should be very concerned about the price of bitcoin if they have already decided to invest. You'll be discouraged from moving forward with the investment if you think about your investment frequently. In order to be confident and focus on other things, you must first prepare your mind and body to handle any probable price swings resulting from market activity during investment and while holding these coins. Particularly when it's money you've worked so hard to earn, money is really difficult to lose or risk in an investment. But as the proverb goes, "no risk without gain" should serve as a watchword and motivator in this circumstance.
Dedication would be the key but since we are humans which are highly emotional beings then it would really be not shocking that there would be some potential alterations of your earlier decisions
on the time that you would be encountering things such as price fall then it cant really be avoided that you would really be having that kind of reaction on which you should cut loss or not.
Experience would be the border line on which you would really be holding up your position or not. It would really be totally varying since not all people would really be that mindful about their targets or goals on which they would really be focusing that much on the current market condition. If you are noob and doesnt really get used to market conditions or simply with volatility then you are really that prone into lots of mistakes and errors just because you dont really have the idea that the market could simply make out some recovery after wards. Always put up into your mind that the market couldn't really just that having a single path to take and this is why if there's a fall then there's always a recovery and this is why its important that you should assess things accordingly.