Quote from: tottong on September 10, 2024, 04:01:31 AM

Quote from: Xcode7 on September 09, 2024, 06:24:59 AM

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Bitcoin price movements are quite fast so it is difficult to predict, it has happened since long ago and it does require extensive knowledge and also experience seeing what happened in the past to grow the belief that no matter how much the price falls in the market everything will recover, so time will tell everything, that is a belief that must be grown in my opinion.

If you want to be less complicated then buy and hold bitcoin because it will give you a reason why bitcoin is more suitable for long-term investment.
But people must understand bitcoin so as not to panic in a sharp decline, every experience must be the basis for improvement so that people have an idea of why they should invest in bitcoin compared to choosing other coins as the chosen investment step.

Bitcoin's movement and speculation will put pressure on people who do not have the knowledge and it must be learned so as not to lose and suffer losses when making investments.

Buying every sats bitcoin of the money you have periodically is recommended if you really want to save with bitcoin. In the long term, the bitcoins you accumulate over time will give you a commensurate return, of course depending on how many bitcoins you have. However, you don't need to force yourself to accumulate if your budget is only enough to meet your monthly needs. You only need to hold for the long term, then sell when you have reached the target price.

Price volatility is basically not always considered negative by everyone, in fact dips are always considered the best opportunities for experienced investors. The problem lies in their knowledge and experience in this industry, if they are not experienced, then of course panic will lead them.