Quote from: lizarder on August 17, 2024, 05:03:35 PM

Quote from: Mahanton on August 15, 2024, 02:59:21 PM

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That's why knowledge and experience can be important lessons for someone who invests. Especially in bitcoin, there is a term repeating cycle which can be used as a reference for not selling bitcoin during a downturn. Although sometimes psychologically forcing someone to take action to sell to avoid losses and that happens because they don't understand the concept of Bitcoin's journey in the market. Panic will make someone have problems in making decisions and most people panic because they don't understand investment properly.

When someone makes the decision to invest, there are many initial considerations that need to be taken into account, this aims to minimize the resulting risks. For example, recognizing potential coins and studying the journey in the market against historical values that occur because by knowing the journey of these coins a person can make the right choice when making an investment.

Shrink the scope of discussion to just bitcoin, you don't need to worry too much.
Even though bitcoin never promises returns in the short term or long term, in fact, many investors can actually feel the benefits. Early investors have earned thousands of percent returns from bitcoin, while other investors have also earned returns commensurate with the value and time frame they took.

Panic is something that is generally experienced by investors who only take advantage of short-term cycles of bitcoin price volatility. They will take profits even by just a few percent, while day traders will also fall into this category. Bitcoin has great potential in the long term, so don't worry about short-term volatility if you can still hold it longer.