Quote from: retreat on September 28, 2024, 05:22:31 PM

Quote from: SuperBitMan on September 21, 2024, 10:16:29 AM

-snip-
let's all stop seeing Bitcoin as a source of income because it may cause panic when ever there's a dip or fall in Bitcoin.

The reason why someone panics when the price of Bitcoin drops is usually because they take Bitcoin investment too lightly, they are not sure about their investment, they just follow what people say, and they invest with money that they themselves are not willing to lose. Moreover, if someone understands how to invest in Bitcoin, they should not panic and sell their Bitcoin when the price drops, because the price of Bitcoin does not always drop, there will definitely be a point where the price increases. The point is that someone will not lose anything if they do not sell.

The main problem is someone's lack of understanding when investing in Bitcoin, where Bitcoin will always move up and will go down at any time. If you understand, there should be no excessive fear, to the point of having to let go because you are afraid of a loss. In fact, when selling at a low price it results in unwanted losses, even though in time Bitcoin will return to increasing.
I agree, if someone understands Bitcoin investment, there is no need to panic when seeing the price drop from when you bought it, because it is true that Bitcoin will come back to be able to rise.