Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
Huppercase
on 11/08/2024, 15:15:23 UTC
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 fee like people that panic when the Bitcoin price is tanking need to be arrested. The day Bitcoin make 10% to 20%, they rejoice in silent and all feel goosebumps over their body but the day it nosedive, they act like somebody is killed. That's not how real investment work, the only investment that gives you continuously without any shake is only a scam investment or high return promised investments and perhaps money invested as a politician and that's equivalent to stealing public money.

When I see Bitcoin price doing what it's known best at, I just lock up because there are people that lose money worth 10 times of what I have invested and this profit are unrealized profit. If you don't sell anything from your wallet, you lose nothing. The Bitcoin own it own will come back to the top with time, the panic is just waste of emotions and calories in my opinion.