not for some people, but for beginners like me there is a feeling of fear and worry if there is a significant drop in prices, and in my opinion that is a natural thing because if you have already taken the plunge or are currently investing in bitcoin we must be prepared to bear the risks in the future and not rule out the possibility Many people who have been involved in the world of investment have experienced things like this. Because market movements are difficult to predict, we have to be prepared for all of these things. Such concerns can make some people sell their bitcoins instead of holding them for the long term or adding to their bitcoin coffers.
but on the other hand, with the price reduction there are advantages for beginners who are starting or want to invest in bitcoin. they can buy at a slightly cheaper cost and target buying and holding for the next few years.
Let me start by saying: If you are aware that Bitcoin is volatile, with prices that can move up and down at any time, then you shouldn't be scared at all, unless you don't have long term plans for your investment. As I have mentioned in few of my old replies, high expectations can create a vacuum of fear, especially when things don't turn out the way investors expect. Taking the long bullish trend that we experienced from late February till early June (if I am not mistaken), before we started to experience some decline to as low as $56K. Recent times (of $56K) like this are enough to create fear and panic because many people joined the market when Bitcoin made massive progress from late February till June. Many people joined, believing it would always be a win-win situation, forgetting that this is still the Bitcoin market, where certain things haven't changed (like the rise and fall of price).
The good news is that just because there is a decline in the price of Bitcoin doesn't mean that the price won't move upward again. Remember that it is always an upward and downward movement. So, as long as you are a long term investor, who is ready to hodl and keep accumulating for a decent number of years, you should be certain that you won't run at a loss.
For beginners experiencing fear and panic when there is a decline in price, you should understand that the Bitcoin market is a place where tough decisions can have a huge effect on anyone.
I don't know how normal it is for every beginner to experience fear, but your case can be different only if you choose to address it. You should be able to question yourself on why you are actually making such an investment. is it because other people are doing it, or because you actually consider Bitcoin investment as the best option for yourself?. Most people today can't even picture themselves continuing with the same investment plan for the next 4-5 years, but they can easily picture themselves driving a good car in the next 4-5 years, which then makes me wonder: what business do they actually have here.
Bitcoin investment is clearly a decision where you have to be realistic and take a bold step. Those with fear might find it difficult to continue or survive for a long time. Don't be scared to make an approach, but try as much as possible to invest what's within your capability, moreover, you can also gain the necessary knowledge even while making your investment as stated by JJG on this thread
9 individual factors.