Quote from: LUCKMCFLY on Today at 06:33:42 PM

Quote from: tygeade on August 30, 2024, 08:58:50 PM

I know that it could be something risky and also the panic that people have is not for nothing, but if you keep selling anytime you are scared then you will never make any type of money at all.

And that is a very important factor to name, fear, because many when they see that the price of bitcoin falls, they immediately go and sell to say that at least they were able to recover some money, as long as people have that type of thinking, then I consider that they will never be able to make a profit with bitcoin, because they are the type of people that when bitcoin goes up in price, then they look for money, even if it is to buy, and they do their operations the other way around, the logical thing is that if the price falls and there is money, then buy, and if the price goes up, then it is time to hold or sell if they need the money badly, but at least they made a profit.

People like this are usually people who have never been in 1 bitcoin cycle or about 4 years with bitcoin, the average new person who does and has such a nature.
When prices drop fear, when prices rise FOMO, until whenever people like this will not get a decent profit from bitcoin, but I think they will learn from their mistakes if they already have 1 cycle experience with bitcoin, more or less will understand the bearish and bullish of bitcoin and can have a mental addition to how to invest in bitcoin.

To implement this, a good financial strategy is needed, such as one of which we must have cash to increase the accumulation of bitcoin when the price drops.