Quote from: tottong on September 09, 2024, 04:10:32 AM

Quote from: Xcode7 on September 04, 2024, 11:31:48 AM

Before making an investment, of course, you must first learn about what you want to invest in, it is true that panic is only experienced by those who do not have confidence and knowledge of the investment they make, but if we have a time plan for the investment we make or the speculation we make is far from what happens, of course there will be a little worry, I think that can't be denied.
But personally for Bitcoin I don't doubt it, other people should be the same because from what has happened since the past it has been enough to prove that there will be a movement that is opposite to what is happening now.

Panic occurs because someone does not understand how the bitcoin journey process is in the market so that involvement in investment is only based on instinct.
In investing, it is not recommended to only use instinct because it requires analysis of the coin's journey and we are required to understand how the coin can work according to its fundamental level.
That is why bitcoin is not so risky to invest in if someone understands its journey because bitcoin has a recurring cycle that can bring corrections towards gradual recovery.

The importance of having knowledge before getting involved in investing because this can provide understanding when someone sees market conditions experiencing downward pressure on prices.

Panic does not have anything to do with understanding. During the period when Bitcoin was in a bear market and there was a significant drop in the price of Bitcoin, many current investors experienced it. Funny enough only a few were able to hold till now. Not Bitcoin they only understand Bitcoin but because they understand that investment is risky and the importance of long term is that the investment will go higher. At that, it doesn't mean that they were not panicking yet they held on to the investment.

It is fine to panic because it is our money that is at stake. But it does not mean we should tamper our investment when it's not up to the maturity date. Some persons have gotten the profit they want but they still keep their investments going. In such a situation, i will advice some persons to sell off.