Post
Topic
Board Bitcoin Discussion
Re: How many times we will make the same mistake? - History repeats Again & Again!
by
SeriouslyGiveaway
on 29/02/2024, 01:10:43 UTC
Everyone has been in a state of doubt and that is normal because volatile assets can rarely make up for what Bitcoin has achieved. We have passed the best moment in bitcoin and maybe ten years ago we didn't think bitcoin would achieve the long rally it has now. Now what we need to do is continue to collect and even though the current rally cannot bring us maximum profits, there is a next rally that we can take advantage of. That's the same as someone's view ten years ago with our thinking now.

I will never regret the delay, but I will really regret it if today I haven't bought the amount of bitcoin that I can afford. Confidence is increasingly being formed in investing in bitcoin and our job is only to try to increase the number of holdings, if we haven't started yet then it would be best to set standards so that the elements of purchasing responsibly are met.
Currently, I am seeing the atmosphere of buying Bitcoin busier than ever. Not only from retail investors, but also from huge demand from large organizations as well as ETF funds. This bull cycle of Bitcoin may go beyond our imagination. I have seen that many people out there, after going through many long months of downtrend, have tortured their psychology, making them always want to sell when Bitcoin grows. This is not wrong, taking profits is never wrong in investing, but on the condition that you will not reinvest again for a long time, otherwise they may have to buy Bitcoin back at a higher price. They are unintentionally trained to have a "locking in gains" mentality without them knowing, because during the downtrend period, if they do not "locking in gains" when there is a profit, the price will turn down immediately afterward. I still have a small amount of money left for buying Bitcoin, I will allocate it all in the near future.