Quote from: 0t3p0t on Today at 02:39:53 PM

Quote from: laijsica on May 22, 2024, 11:57:09 AM

Some investors are generally interested in buying more BTC at DIP prices and tend to sell during bullish times. But holding is more important because it will happen again and again when ATH is observed in the market with gap of few months. A bullish period is characterized by overall market optimism and expectations of higher performance for the future. Even offers higher returns than bearish ones. A bull market usually reflects the utmost confidence of investors that a person can align their investments in this positive trend. Increasing market value makes investors optimistic about the positive loop. These positive market conditions may prevent investors from being psychologically tempted to sell BTC. It can even discourage selling during market downturns. Many investment firms can build potential wealth by investing more during periods of BTC price appreciation.

True. But for newcomers in crypto things are different investments comes with emotions until such time they learn the game that everyone does.

Investing should be void of any kind of emotion.

If you let your emotions control you and run your decisions, there’s no doubt that you will just be making bad decisions. Emotions make you not see things clearly and objectively hence why it is highly discouraged that you let emotions get in the way of your investments.

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In my early days with investing Bitcoin some years back when I see the trend moving against my positions I started to worry but as time passes by things became different since I can see changes on me and now I understand and learned a lot of lessons from my past mistakes and that is what makes me a better investor right now though just got small amounts but I wish to have a much decent capital for my goal.

Experience truly is the best teacher in life. We will not realize how to do things properly until we get impacted by the consequences of our mistakes. No shame in making mistakes as it is normal but what wouldn’t be normal is to keep repeating those same mistakes.