Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Promocodeudo
on 12/09/2024, 07:18:33 UTC
⭐ Merited by JayJuanGee (1)
The reason why so many people find it difficult to invest bitcoin is because they do not understand bitcoin. If people really understand the volatility of bitcoin they won't feel panic when the price of bitcoin goes dip.

Yeah lack of understanding of Bitcoin volatility is one of the reasons but I think is went further above that because I noticed that too much expectations is also one of the major reasons because so many investors miss the right moment they should have invested on Bitcoin to seek out Bitcoin price analysis and after they most have conducted testing they started believing that anytime Bitcoin price reaches a particular place it shows that they are about entering the bull season and they will keep expecting and waiting for there analysis to work out and at the end nothing to show for, so actually expectation is one the elements that has really affected a lot of people.
when you fail to understand Bitcoin price regulations you will be scared of bitcoin investment, people that procrastinate don't know the perfect time they can invest in bitcoin, actually good investors take time to examine the market before they invest but newbies who just knew about bitcoin doesn't exercise patients and make research before they invest in bitcoin, so that's one of the elementary thing that makes people not to understand when the price is low and when the price is high for them to invest in bitcoin, I believe that people just invest base on their understanding of the market or prediction of the market of Bitcoin


Procrastination is a very bad behavior one shouldn't have because it won't only affect you in Bitcoin investment but rather it will also affect one in so many ways. But procrastination is not only the reason why people don't know the perfect time to invest because there are people who don't believe that Bitcoin will do well in future till today, so they believe if they invest it will be more like a 50/50 something which is a very wrong mentality and wrong view because Bitcoin has already proven to be one of the best assets to invest in, in the cryptocurrency world.

I don't understand what you mean by good investor and examining the market before investing doesn't make one a good investor. Examining the market sound more like trading term because since you are investing for long period of time you don't have to examine the market though checking the market price is not actually bad but sometimes you can get discourage when you looked at it that is why DCA method is always good to adopt whether there's increase or decrease you are not affected, all one need do is just invest what you always use to invest.

Procrastination is a goal killer and a dream killer as such every investor that wants to go far in Bitcoin Investment should not entertain this act if not it will ruined your plans and deter you from achieving your aim as an intending and existing investors.
You said something about perfect time to invest, I think there is no perfect time to invest in Bitcoin although the dip season is said to be the best period to invest, what if the price of Bitcoin keep soaring, are we going to still be waiting for the price to drop before we invest? What if in the process we spend the fund while waiting for the dip time to come? I think this are discouragement mindset and I see them as procrastination that tends to divert our attention from from doing what we ought to do whenever we are ready.

It is funny that till this moment poeple that have been part of this investment do not understand how it works, what's I their to examine when we already know that our target for this investment is the future, we should stop examining anything because there are things that may deter us from investing if we continue doing that, instead of those antics of procrastination which self delay why not apply the mindset of buying the little you can afford at a constant pace or rate without obstruction and keep hodling for a long-term to avoid being left out in the future.