Post
Topic
Board Bitcoin Discussion
Re: Do you also panic when bitcoin price falls more than 10-20% in a day ?
by
Issa56
on 12/08/2024, 13:32:37 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.
A dip in the market is what everyone should be used to, because before anyone joins crypto, they should know about the market volatility. The bitcoin price can rise and drop at any moment. Most people are always happy when there is an increase in the bitcoin price, but when there is a drop in the market, they do end up panicking and selling off their investment, which they don’t know is an opportunity to accumulate more bitcoin at a cheaper price.

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.
That’s why, when investing in bitcoin, it should be for the long term. If you invest today, any slight dump in the market, then it’s going to affect the amount in which you invested, but if you have invested for a long time, then you will have been making good profits already, so even if there is a dump in the market, it’s not really going to affect those people.