Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Always expects volatility of the crypto market at all time.
by
MainIbem
on 05/10/2024, 09:19:33 UTC
⭐ Merited by CryptopreneurBrainboss (2)
The unexpected volatility of the market is stationed to be high based on unpredictable market season. We should understand the simple basis that comes witht the market. Its been designated to make traders and investors run at heavy losses. Bitcoin and other crypto projects have their own specified time and season, exactly main reason we should be careful with these projects. Although we have the bull and bear season, we choose the precise season that's favorable for each and everyone of us. Is there any more thing I ought to be acquainted with?

I understand you're new in this space so you might not know that Bitcoin is superior to other coins and therefore shouldn't be compared to them. However, talking about volatility, it's something that would definitely occur in Cryptocurrency but it's not really an issue for Bitcoin investors, many people don't understand that and that's why they're sacred or feel reluctant to invest on Bitcoin due to the fear of loss (dip). Well, I think some of them doesn't know that their are some methods investors can utilise to recover lose for instance the Dollar Cost Average (DCA) which gives an opportunity to both whales and small investors to buy Bitcoin continuesly overtime so far they've got a stable income to continue for long-term, many investors buy Bitcoin during the bear season to take profits during and upsurge but that's not the concept of Bitcoin, investing on Bitcoin is meant for long-term (4-10 years interval). Moreover short-term investment on Bitcoin or other Cryptocurrencies are for traders but it comes with a higher risk factor.