indeed, sometimes there are still many who are curious about investing in this space and often ask what will we do if our investment does not go as expected?
Whatever considerations we will decide the best choice in the end is still in BTC and this is a fact for others it is not that it should not be invested but it is quite time and mind consuming.
well I understand but it's usually mind consuming because we are usually focused on the present and not the future
So dips could affect us mentally
But if you going long term, the effect gets milder
And time consuming?
Except you trading, I don't see how investing in Bitcoin is time consuming
All you have to do is buy or make an order and move to a cold wallet or non custodial wallet.
Certain effect of listening to wrong information spread by some people and they create some fantasy in mind that bitcoin is quick rich scheme which they can earn easy money.
But when they invest with it in real time to many challenges they face on and figure out something that bitcoin is not really an easy investment sine volatile market is to risky for them. Only few people will have long patience and courage to carry on the risk survive and those who easily get affected by dips usually the loser then quit. So for sure later on they could figure out that Holding bitcoin is more better option to gain rather than thinking about short term profit taking on trading which provably could make them a loser especially if market move on the direction that they didn't like to happen. In bitcoin holding the easiest thing we need to do is to accumulate,hold then ignore the situation of the market since if we can able to extend our patience for long term purposes then there's huge chance that people doing this provably can earn huge profit in future.