Of course, it is good to develop good critical thinking skills, which largely would mean that we need to be able to sort better kinds of information from worse kinds of information, so many statements will have facts, logic (analysis) and conclusions (opinions), so we can question the sources of information in regards to any of those whether they are providing good facts, logic and/or conclusions.. and so when we are new to a topic, we might have more difficulties figuring out if the facts are being described correctly, sometimes, we will have to learn skills to be able to determine if the logic is sound and if they logic leads to the conclusions that are reached.
There is a famous saying "
give a man a fish you feed him for a day. Teach a man to fish and you feed him for a lifetime.". Likewise, if we start thinking from our own brain then it might take some time to develop good critical thinking skills but once they are developed they will be with us for life. There is no use of following other advice or signalling group.
One need time and dedication to validate information that is at his disposal. Since there is lots of information floating around, we need to separate the real one from the garbage.
All this will help in developing skills that can judge whether the logic presented in the source (news) is valid or not. May be in start we get no good results but with time this approach will mature.
I heard what you said differently. An older brother of mine used to say this saying, his morning was like helping with deeds rather than with money. If someone is helped with money, he will spend the money for a time and he will need money again and he will ask for help again. If he can be helped with an action, the action will earn money so that the person giving the advice will not need to be helped a second time. Although the word is short, this word has been used enough in every case. A new person expressed interest to know about investment or wanted to know about investment but we only discussed with him the positive aspects of investment only to weaken him towards investment so that he will enter into investment with wrong information or wrong idea.
Before investing with an investor, one should discuss the financial situation after the investment. The new investor should be given a fair idea about the investment and although time consuming, the investment should be explained to him in such a way that he does not have to ask about it again later.
The price is coming down again so those who are interested to buy should do that and start the investment journey and I don't think Bitcoin price will still go down to $30k again. Because of the increment of price these days many people were learning trading because they could not afford to buy it and it an opportunity again. But one thing no am also thinking of it is that for now we can't buy from p2p because of the high transaction fee. Like if I want to buy Bitcoin from a friend who's using Electrum wallet to send me Bitcoin to my Electrum wallet, the fee will be unbearable so it will be difficult for people to buy the dip and hodle.
Investors who invest for the long term do not wait for the market to fall below its high of $2000 or for the market to change. By long term investment plan we mean long term plan with a particular coin. If you plan on a coin for two to three years, then you never give too much importance to the fact that the price of Bitcoin will change. For those who trade it is different but there is a substantial difference between trading and long term investing 2.
A trader's objective is to buy a coin at a low price and sell it at a high price, but for a long-term investor, the plan is not so simple. When it comes to long-term planning, investors think that they should invest in the right coin and hold that investment for a long period of time. I believe so much that those who were waiting to invest for the long term have already invested for the long term.