Well yesterday Bitcoin literally experience some dip , and I was excited ( because I see it has an opportunity to get myself some good quantities) while some individuals was out there selling their holdings, due to the dip which initiated some panicking. But I won't blame them though , because most people are just new in this space without any solid knowledge on how things work here , so due to that at any slight dip they would quickly sell with the fear that the dip may continue.
At times like this we should not panic at all as it is an opportunity for us to accumulate more bitcoins at a cheaper rate but a lot of people fail to see it that way instead they panic and sell at loss thinking they are saving themselves for running at loss. I feel say all because dem go invest more money pass their power wey dem fit afford to lose na why dem no wan see bitcoin de decrease in price and dem de forget say bitcoin de volatile and fit move go any direction.
All investors suppose de prepare themselves against times like these and train their minds not to panic when there is a drop in price. People who are able to withstand the pressure and didn’t sell at times like this end up to become the most successful.
That's true , alot of investors as already mess up using money that are important or relevant for them as emergency funds to invest in Bitcoin, just in the name of being aggressive with their accumulation in wanting more profits. Most time Such individuals mindset are mainly fixed for short-term profit that why they would go ahead using any funds that comes to their way to invest , which is not encouraging at all . Because it may lead to them selling their investment in loss or when haven't yield them anything due to having a certain emergency or due to fact not being able to bare seeing their funds decreasing in value whenever there's a slight dip in market.
That's why most time the best accumulation strategy to recommend to any individual expecially those that are still new in this space is DCA strategy, whigh buying Bitcoin at any price interval in a fixed time either weekly or monthly. Buy using a certain percentage of your earnings to engage in DCAing . Without going all in with your funds in order to have some emergency funds to take care of some expenses while holding