Quote from: Gozie51 on Today at 03:20:39 PM

Quote from: Realgogo on November 07, 2023, 09:33:57 AM

1. Fear and Greed: Bitcoin investors are susceptible to bouts of fear and greed. Fear can lead to panic selling during price dips, while greed might result in FOMO (Fear of Missing Out) buying at peak prices.

These points go side by side either in negative or positive, meaning it could favour you in your decision or affect you also. Talking about fear for instance, apart from it can make you sell cheap when you are not suppose to take such decision but because you don't want to lose then you sell. It can also be good to allow fear sometimes, if you fear you can hodl back your decision to invest which might have led to a trap for you and likewise for greed. You can hodl btc in greed to get more profit and it could work out for you. So this point is really an investor psychology that I see as very important for investment depending on the side we benefit from it. However, following the market sentiment and what is happening in the market is more important.

A Bitcoin investor should know that fear is one of the things that can be a major influence on thoughts, but I say that investors are aware of this and that for investment they must wait a long time so that they can see benefits. , but in bitcoin you don't have to wait much, you have to do everything so that the best thing you can do is follow up and only the best that an investor can do and that bitcoin is not like other investments that move slowly, In bitcoin, a hit can be more than $70k and that can happen from one day to the next, nothing is written here, only that the price will rise.