Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
Blitzboy
on 11/08/2024, 15:14:37 UTC
Regarding Bitcoin we know how much potential Bitcoin has for the future so a 10-20% dump is not a bad comment about Bitcoin.  If one wants to make a long-term investment, one should not panic because after a period of time the price of Bitcoin will increase.  Recently Bitcoin had a big dumping but look how much it has recovered today.  While such dumping is alarming in short-term investment, it may not be a problem in the long-term.  And those who are afraid of seeing such will never be able to hold

Those who invest in Bitcoin get used to price drops and news about Bitcoin after a while. Those who realize the potential of Bitcoin are not affected by these drops, on the contrary, they see these drops as an opportunity.

Those who start investing in Bitcoin today may be affected by price drops, but those who have been investing for a long time are not affected by these drops. Those who make their investments long-term do not worry about these drops because their goals can be realized in the long term.

I've come to understand that some people invest in Bitcoin with emotions and those are the ones who would get worried over and news concerning price decline, someone that's experienced several dip in Bitcoin's price would see no reason to panic or sell their coins since they're already aware of it's nature, that's why it's rare for old investors or top holders to complain during the bear market, have you ever seen or hear Michael Saylor complain about the dip? I don't think so but instead of you'll hear him talking about buying more during the bear season and despite the amount of Bitcoin his company is Hodling all they preach is buy buy buy and are yet to sell any portion of their asset. Investing in Bitcoin is best for long-term term purpose cause one would definitely yield good profits over time and would see no reason to panic but see the dip as a buying opportunity this is something every new investor should learn from.
Bitcoin's volatile, folks. But precisely for this reason it requires emotional intelligence. People like Michael Saylor? They are the experts. They have seen it all and gone through the lot. They neither get overly thrilled nor panicky. They understand the game.

Its about self-knowledge not only about market knowledge. The same lesson we attempt to impart to our children is not to let every minor setback cause undue response. Plan long-term. The same is true of Bitcoin. Its a teaching in discipline and patience. Its about realizing real progress requires time.

Dont just speak numbers about Bitcoin. Talk mindset. Talk about cultivating the kind of resilience and viewpoint that result in wise choices in life as much as in business.