Investing in Bitcoin is as much about understanding technology as it is about comprehending investor psychology. In the volatile world of cryptocurrencies, emotions often drive decisions.
Understanding something is called learning. When studying, you must be prepared to make mistakes. From mistakes you will gain experience or knowledge.
In investment there are goals to be achieved. To achieve the desired goals in investment, there are processes that must be gone through, such as understanding market cycles.
When going through the process, what I mean by wrong readiness is loss. Causes of loss can occur due to:
1. Not wanting to learn which causes no strategy
2. Impatience (emotion) which causes panic selling
Even in gambling games there are patterns, investment must also have a method.