Those who believe that the current state of bitcoin is the only reason it is failing are presumably impatient investors or those who bought because they were afraid of missing the approaching bull run and tried to take advantage by investing immediately after the halving. They are upset that things didn't turn out as planned and that they were blind to the decline. Competent investors will not panic and begin to believe that bitcoin is failing, but rather will see this as a chance to keep buying the dip.
Those investors who are upset because of the current price of bitcoin are only in bitcoin investments for short-term profit, and they are upset because they cannot sell their bitcoin now to take their short-term profit. They are in this situation because they fail to understand that bitcoin is not quick to get rich soon. This is why it is good for newbies who want to start their bitcoin investment to have a long-term plan when they are investing in bitcoin so that they will take advantage of opportunities like this to accumulate more bitcoin at a low price rather than being worried.
Basically, those who have a lot of experience in investing in Bitcoin are well aware that in order to invest in Bitcoin, we must invest with a long-term plan. However, those who are new or innovative in the field of investing in Bitcoin, do not understand Bitcoin very well, rush to invest in Bitcoin, and make a short-term investment plan. So I must say to those who are new to Bitcoin, we should always have a long-term plan in Bitcoin investment. If we can gain enough knowledge about the Bitcoin market and invest patiently, it will definitely help us achieve a lot of success in Bitcoin investment, which will help us to invest more in Bitcoin. Will make more interest. Patience is very important in investing in Bitcoin. Many times it is seen that many big investors lose patience, so if we can invest without losing patience, surely we can change our fortune through this investment. This bitcoin investment has changed many people's fortunes so if we can invest bitcoins properly then surely our fortunes can change.
Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.
That's where they made mistake, and once the foundation is not strong the building will not stand. Many people just think that when it comes to bitcoin investment they will just jump into it without proper planning, but when it comes to other investment they will sit down and make proper planning, that's a very wrong mentality from their end. Most times people who act this way are just in for the quick money they will get and zoom out, their intentions were never to hold for a long time. Their major aim was to invest all the money in their hands and possibly see if they can cash out within a month or two.
They have carefully calculated when they think they will use the money they invested to solve some future problem that they have already projected, so while they are still waiting they decided to gamble with bitcoin to see if they will have little profit before the day come. But unfortunately for them bitcoin investment doesn't work that way, that's why when the time actually comes and they haven't seen any profit, they go back and sell their bitcoin in the name of solving problems. They started poorly that's why the investment didn't last, because if they were in it for a long time hold, they would have made plans for emergency funds, reserved funds, floating funds etc. That's what people who are into bitcoin investment for long time does before investing in bitcoin.
Source of income should be there too. These things are what will make the investment last. You can't tell me that you are going into long term investment in bitcoin without making preparations for these funds I mentioned above. There is no way it will last. Any person investing in bitcoin without these things doesn't have intention for long term hold, that person is not an investor. The person have intention of being a trader.