Quote from: dezoel on Today at 03:55:53 PM

Quote from: GeorgeJohn on December 11, 2023, 06:33:57 PM

It's not only been patient is the ultimate in cryptocurrency investment, the more important things is to ensure that you have scrutinised the time you have to invest in bitcoin and times not to invest, when you invest during the time price of bitcoin is extremely low you will not be bothered or be conscious of your investment..in normal circumstances what makes people to lose in their investment is out of curiosity and patient is one of the elementary elements that contributes immensely for profit advantages of bitcoin investment.

It's true that when a person has bought Bitcoin or any cryptocurrency at a high price they tend to panic more easily when the price goes down a little bit, but that is also a matter of patience because along with proper knowledge and understanding, it's patience that they don't have which is why they start panicking as soon as they see their portfolio losing value. This is the reason why an investor needs to make sure that they have enough patience to bear the ups and downs of the market.

A lot of new investors that enter the market lack the basic knowledge about the market and the cryptocurrencies and they have joined only because they have heard somewhere that they can earn money by investing in cryptocurrencies they did it without doing any research and now when they see that their investment is losing value, they start panicking right away.

Hold up, let’s not mix things up here. The reason why people panic and fear/FUD when they invest and it seems like the price is going down is when they invest an amount more than what they can swallow the loss for. If $10 isn’t worth anything to you and you use it to gamble (just an example, not talking about Bitcoin), you wouldn’t feel anxious or scared because you’ll be like “What the heck is $10?”. But if it’s an amount that is so large or just too hard to bear the loss, you’d definitely feel all those fearful emotions. Patience when you invest would even be more if you invest a safe amount.