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people like instant selling after purchasing that also generate a loss when you have not understand the system of Bitcoin because there are some persons when the purchase Bitcoin due to the price of Bitcoin or information of Bitcoin you showing that the market is going down they will be on panic to sell their Bitcoin that is the time they make a loss on the process
that's why getting the basic knowledge of Bitcoin investment is important before getting started. Part of the reason why some people sell out their Bitcoin is that the price was coming down and they needed to push it out as fast as possible so it won't go further than it already it. The reason why such things still disturb some people is that they are still mixing Bitcoin and crypto to almost be in the same level and maybe because they've hard that some coin do gain value to some level and then goes to become valueless, they assume that such thing is possible with Bitcoin. As someone that has been in the system for a while and have done some personal research which has fed me with some basic fact, the bearish seasons aren't different from the bullish season for someone that's still in his accumilation stage. As long as you've not reached your target, every bearish season should be an opportunity to buy more and not to sell your already bought Bitcoin because of any fear of any sort.
actually both of us is in the same direction of statement but the thing is that it is obvious that what makes some people to panic whenever they purchase a Bitcoin and the price continue to get low or get decreased after purchasing a Bitcoin is because there are afraid to lose what they have invested so based on the Lack the knowledge and the understanding of cryptocurrency investment the panic or the information can lead them to lose their investments, that is why I've been emphasizing that cryptocurrency investment is a something that based on research if you research and have a problem knowledge of Bitcoin I don't think that you will be able to panic whenever the price of Bitcoin is getting decreased in market after you purchased bitcoin already
This Is an issue majorly faced by most newbies, feeling too relentless to know more about Bitcoin and Cryptocurrencies. If there is no knowledge about Bitcoin, they often will happen to believe tales and fallacies being spread out against the market. Bitcoin and it's volatility should have to be the basic knowledge known by newbies, instead a lot are too quick to know when and where to sell off their assets. Volatility has been right from the beginning and it's something the market can't do without, so we all need to get acquainted with it, instead of complaining and weak handedly wanting to sell off, we should kick off a good purchasing power instead.
The above bolded statement is misleading, because newbies don't need to have any of shitcoins but bitcoin in other for them not to get distracted from their bitcoin investment accumulation journey. Shitcoins are temptation and a newbie with only the basic knowledge of bitcoin might want to try buying shitcoin because he wants to act smart in the market and that will make him lose concentration on his bitcoin investment.
Investors that are not newbies don't need the knowledge of shitcoins too because they are unpredictable and have no direction and history in the market which you can use to speculate their prices because many that was created earlier did not survive the market. New coins created recently will not survive in future. Making it meaningless to search about shitcoin. Bitcoin is superior and any serious newbie who is ready to invest in bitcoin can achieve a good size of portfolio overtime if he use his discretionary income to invest in bitcoin buying weekly or monthly consistently, because bitcoin future is bright and will last long.
Like JJG use to advice, if you must gamble with shitcoins let it be 10% of your portfolio and 90% in bitcoin.