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Those who bought at $20k early last year saw opportunity and seized it, when others were seeing fear/crash and today those who took the opportunity are now seen as the heros who has won. For you to see profit in Bitcoin investment you have to make a firm decision, stand your ground even if it means standing alone, that is buying when others are selling and dragging the price down. Don't look at price just keep buying.
It looks egotistical but I agree because this is an investment where every decision comes back to you. However, it cannot be separated from making decisions wisely, the point is that there is always the option to consider, no matter how small, in order to minimize the purchase of fomo. This is intended so that we remain aware that any investment has its own risks, including Bitcoin.
Those who bought at $20k early last year saw opportunity and seized it, when others were seeing fear/crash and today those who took the opportunity are now seen as the heros who has won. For you to see profit in Bitcoin investment you have to make a firm decision, stand your ground even if it means standing alone, that is buying when others are selling and dragging the price down. Don't look at price just keep buying.
I'm still thinking about how most people are crippled enough to see good opportunities and refuse to grab it.
Depending on how they see Bitcoin, some may see it as being a ponzi as per why they choose to sell off during the DIP whereas they never did well to learn or neither having the opportunity like we do here, free knowledge being shared without paying a dime.
Based on my experience I have been a presenter several times to provide material about Bitcoin. The main problem for people is that they are worried about their fiat money decreasing when they see Bitcoin fluctuations in the market. even though I have strengthened the argument for long-term investment people assess it in different ways. Of the 5 out of 10 people who are able to make decisions the age range is between 20-30 years. Meanwhile parents feel that storing assets in a risky place cannot guarantee that one day they will be accessed and they need to have someone they trust to manage them.
Those who are scared of seeing their fiat decreasing when Bitcoin is fluctuating are probably Newbies investors who are yet to understand how Bitcoin investment works or probably people who doesn't have an investment plan. Investment plan is really important, as it is going to give you a projection about your holding duration. When this is in place you don't bother yourself in whatever that is happening in the market, you don't bother yourself if your fiat is decreasing or not. Your major concern is just to keep accumulating till you get to the number of years you want to keep holding. People who are investing in Bitcoin needs to be matured emotionally too, because a time will come when your emotions will get on the line and this will determine your line of actions.