Post
Topic
Board Nigeria (Naija)
Re: Don't panic just hodl
by
Paraboy406
on 17/09/2024, 03:12:20 UTC
Are you planning to dip into Bitcoin? Bitcoin holders will suffer huge losses if Bitcoin just keeps sinking. I don't see Bitcoin market volatility as a negative. As prices rise, so does demand. Not only will the price go down, but it won't go up again. So market volatility is necessary to sustain an asset. Do not be alarmed by this instability. Taking this volatility positively will give you both buying and selling opportunities.
It is good to take advantage of dips but must take market volatility positively, you are right that market volatility can't be panicked and there is no need to pressure to buy at rate time when you plan to HOLD. I have come to this forum to learn and gain knowledge to move forward and you will encourage and support me in this matter.
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The market is unpredictable, more reason we should be extremely careful with our dealings with the world of bitcoin. Besides we mapped out our tactics which would be implemented towards the market. Panic are mainly for set of traders that are not yet experienced, I called them newbies in the space. Bitcoin is entirely risky to invest, it is designated to contain volatility that will run a long hunt on investors and traders.