It is very ironic that the newbies with no BTC are likely to have the most worries on every Bitcoin downturn. Ironically the people who've been around more then 1 cycle, 5 years say are considerably less worried by the minor turbulence we're in and yet the old timers are surely more involved then a newbie so have more to lose.
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I remember reading a study about the differences between those that have reached mastery over one topic in particular and those that did not, this was a long time ago so unfortunately I do not have the source, and what the study found was that experts are able to sift through a lot of information way more quickly than the rest of us and only concentrate in a few important facts.
So while newbies are swimming in a sea of information and misinformation and they are confused about what to do, those which have a lot more experience than them can ignore all of that and concentrate on what really matters, so they are not worried at all about the current dip and instead they are taking advantage of it.
Very good points, and surely what you are pointing out makes sense and it seems to me that such phenomena relates to the ability for folks to learn enough in order to better be able to think critically, and people sometimes believe that they are able to think critically but they do not have sufficient knowledge, so they may well end up having difficulties sorting relevant information (and important facts or logic) from irrelevant and/or giving priorities to which kinds of information, facts and/or logic that are more important, in order to minimize that they would end up including less relevant information, facts and logic into the package of information that they are considering and using to reach their decision-makings.
I think most individuals find it difficult to stay dedicated to their investment strategy to hit their target, dedication and discipline are the driving force to our strategy. Some folks might have a well thought out strategy but finds it hard to stay dedication and discipline sticking and staying committed to their investment. So many people in bitcoin actually knows the strategy to use in increasing their bitcoin holdings in the future, But how dedicated and discipline you to your strategy is what it takes to build a good portfolio.
So many person during the early phase of their accumulation stick to their strategy but as market conditions starts unfolding they start panicking and consider selling. Having strategy only is not enough but backing it up with dedication, discipline and commitment is necessary to increase our bitcoin holdings.
The power of habit is very strong and it can play for or against you, according to current research it can take a few weeks to a few months to create a new habit, and daily repetition is key for the habit to form.
So while the majority of those that start investing in this market do it with a great deal of enthusiasm, the real test comes once the market takes a downturn or it remains motionless, as at the time the temptation to just give up will be at its highest, similar to what happens with all of those that create a new year resolution and claim they will definitely get in shape, and by February they have already quit going to the gym.
I think that this has to do with planning and executing realistic goals that you are able to continue to carry out.. so if someone might have a discretionary income that allows him to invest $200 per week into bitcoin; however that might end up being the maximum of his disposable income, and maybe it would have been better to start out with $50 per week or $100 per week rather than employing the full $200 per week? Accordingly, even if one might be inclined to start out investing into bitcoin in a somewhat aggressive way, there may be some value to temper it back a bit while figuring out the parameters in order to NOT blow the whole wadd right from the beginning but instead to create and execute a system that has some staying power and that might be able to build upon some kind of a BTC accumulation practice that goes a whole cycle before getting worked up about whether the strategy is "in profits" or not.
But it is definitely risky, if you are a new trader then you are likely to face the biggest losses. But if you adopt a strategy then surely you will be successful.
It is natural that investment will involve risk so everyone should invest with the risk. New investors suffer more from their investments than experienced investors because they lack experience. However, if a new investor invests in Bitcoin from the initial stage, the probability of loss is less, but it should be hold for a long time.
What needs to be realized from the start when we want to invest is that
the greater the risk we will have later, the greater the profit we will make so that in this case when we already know that investing in bitcoin is risky,
That is a really stupid point that you are making, since if any of us would follow such a dumb strategy, then surely we would be buying all kinds of shitcoins and probably not even investing into bitcoin.
We do not invest into bitcoin merely because it is risky.
Probably, we are investing into bitcoin because it is not as risky as people believe it to be, since a lot of people (normies and otherwise) mistake volatility for risk, and surely there is some truth that volatility contributes to various possible risks with an asset, and even with bitcoin, each of us need to figure an amount of investment into bitcoin that we are sufficiently comfortable that the volatility (which is close to inevitable with bitcoin) is not going to cause us to get overly scared and stop investing into bitcoin. So, in other words, we choose a position size to suit our circumstances and hopefully figure out a way to continue to invest into bitcoin in spite of its close to inevitable ongoing volatility..
Part of the reason for bitcoin's likely ongoing inevitable volatility is based on a kind of ongoing battle that is going on regarding its existence that reflects in its price.., .anbd that battle is not likely to go away anytime soon even though there are folks on both sides speaking both good and bad about bitcoin, but there still is a lot that each of us likely need to likely learn about bitcoin in order to not get tricked into wrong ways of thinking about bitcoin and in order that we likely continue to accumulate bitcoin in ways that are reasonable for our own situations and so that we are not without bitcoin.. but surely, it can sometimes take time for normies to come around to the conclusion that they need to have some bitcoin (and perhaps more bitcoin) which is part of the reason why the world's population (perhaps around 99%?) still does not have any or enough bitcoin.
it is certain that the benefits we can get can also be quite worth it when we achieve the goals we want to achieve later.
Indeed, this seems like a classic reason where only the benefits we want to get but in the end we also have to be realistic because being in bitcoin for now is not trial and error but must be done with seriousness so that what we do can be profitable for us in the future. In addition, the benefits I mean are also not only based on the money we get later from the results of the investments we make but for bitcoin we still have a hope that in the end we can achieve financial freedom as we expect.
These are all fair points including the implication of your suggestion that it could well take a long time to build a bitcoin position.
Even though the obstacles are difficult as long as we believe that we can get it then indeed we as much as possible must realize it and the obstacle is to continue to believe that we can get our goals and must be prepared with all the risks we get later.
I am not exactly sure what you are saying here, but surely, there likely are needs for everyone to figure out ways that they can be as aggressive as they are able to be in regards to their accumulation of bitcoin and their establishment of a bitcoin position, yet still each person has to be careful to accumulate bitcoin in such a way that they do not over do it and cause themselves to get reckt in such bitcoin accumulation journey which could take 10, 15, 20 or more years to get to a point in which any particular person may start to feel that s/he has accumulated enough BTC or perhaps more than enough BTC.