Not only new investors, but all new and old investors should not sell during this dip in Bitcoin. While old investors are experienced in this matter, new investors panic at this time and exhaust their savings. My only advice to them is, you focus on regular savings rather than on price. If you think about buying without thinking about selling, this is the perfect time to buy. It is doubtful whether such a price will ever be found in the future. Maybe this is the last bearish at this ATH.
In situations like this, it is worth mentioning that we need a strong mentality when facing sudden market changes. Therefore, I always say to prepare yourself as best as possible before starting to invest in Bitcoin. This means that you have to be able to survive all the fud, drastic declines and also be able to fight the worries that surround your mind.
Strong mindset Yes, and if you've the perfect orientation about Bitcoin investment, the dip you see wouldn't trouble you that much since you're out for a long term investment, and if you're not on a long term investment, then you're investing wrongly and should not have started.
The price volatility is the main reason people are advised to invest with amounts they're prepared tho lose so that you can have little emotional outbursts when you're investment is bearish.
Yes, even though they are still new, I am sure they have a strong mentality to continue if their target is long term.
This is also where we need reserve funds to buy aggressively, price movements will be difficult to predict and no analysis is 100% correct, so trust your decision to continue buying.
It's not just about mentality, it has a lot to do with orientation. When armed with the right orientation, your mentality is shaped accordingly and you direct most negative thoughts away from your subconscious making you prepared to face the situation. So if their Bitcoin investment orientation is sound, they would act accordingly, of course except the extensively foolish ones.
Yes, even though we don't expect a decline to occur, the market can change in an instant. The point is, don't worry and continue buying gradually and also enter aggressively at lower prices.
Point one, I don't care about price for now.
Point two, my focus is only on doing routine DCA every week.
In Bitcoin investment, you expect anything apart from Bitcoin going extinct, dips are part of the cycle, ass week ass pumps. So you expect a dip just as you're expecting the bull run to start.