Quote from: Rehan Zakir on February 12, 2024, 02:25:43 PM

The price of Bitcoin fluctuates greatly. During my learning phase, I made many mistakes. I bought Bitcoin at $37,000, but when it dropped to $25,000, I sold it at a loss. Later, the market dipped below $20,000. However, after one month, the market surged and reached $38,000. I felt very depressed that I sold my Bitcoin at such a low price. This was a mistake I regret.

Actually, you are not making a mistake by doing that even though you have experienced a loss because you do not have enough patience to wait for the Bitcoin price to improve again as in the current example. Just imagine if you sold the Bitcoin you bought at the current price of $52K, of course the profit you would get would be very good. So for beginners, apart from having to provide capital when they want to buy Bitcoin, they also have to provide a level of patience for themselves along with a level of not easily panicking when they see a price drop in Bitcoin.