Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Road to 100k?
by
2Pizza410000BTC
on 06/08/2024, 20:40:55 UTC
⭐ Merited by fillippone (1)

On my own perspective, wether newbies investors or not, it all boils down to the person in question, how much confidence and trust do they have in Bitcoin, because I have seen it on several occasions where veterans investors sell at a loss in panic, due to some dip in the market that was really hard for them to comprehend, ok let's look at this present dip in the market, do you think it's all knowledgeable and veterans investors that still keeps to their holdings? No.

Most investors including newbies investors or veterans that has all the required knowledge still panic, anytime their is a very strong dip in the market, and sincerely speaking, in my own opinion, it's because of we most times focus too much on the speculations on Bitcoin and what people with negative mindset about Bitcoin have to say, so in essence of what am trying to say is that, if you truly believe in Bitcoin, and knows what you are doing and it potential in the future, you wouldn't even pay attention to anything negative people have to say about Bitcoin, and such negativity is what makes people to panic  and start selling in a loss.

So the best way to go about it is that, as long as you are a long term holder, is to continue your accumulation through the DCA accumulating strategy and ignore all what negative people have to say about Bitcoin, regardless of whether their is a dip or not.
People will panic because they lack knowledge. I dont think anyone following this thread for months would ever panic to sell their Bitcoin. Remember when investing in Bitcoin we understand that the price does not stay in a fixed position in real time it could be higher or lower than the current price. People who DCA would sit at their house without any emotional instability because they will not panic as long as they are holding it for years. The essence of having Bitcoin knowledge is important in times like this when the price starts going down. So that we won't make such a mistake or tamper with our investment, one time tampering with our investment could destroy everything we have built so far. This is the time to sit tight and take your mind off what is happening now and place it on what will happen soon or in the future.

No one should lose patience with Bitcoin investing. Be sure to sit back and relax by investing in Bitcoin. Moreover I believe so much that those who invest in Bitcoin and who are genuine investors will never lose patience and definitely go ahead and prepare themselves for more purchases. Real investors always think of increasing their investment. Maybe there are some new investors who invest and create volatility among themselves when the market goes down a bit. But to all those new investors who invest and feel uneasy when the market falls, I would like to say to those investors, hold on to your investment, you can't control yourself in this dumping market, if you can hold on tight. Better days are ahead will come, then get a good return. Although the market is currently a bit dumping, I expect the market to regain its momentum soon and reach the peak price by 2024, but I would say to those who have invested, go ahead and invest.