Post
Topic
Board Nigeria (Naija)
Re: Always expects volatility of the crypto market at all time.
by
Zackz5000
on 16/10/2024, 03:53:51 UTC
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?
It is always important will know the type of coins we are investing into and we should also know that there is a different between Bitcoin and crypto, crypto is a general name where we have both Bitcoin and other coin therein it is also important we know the difference between Bitcoin and shitcoin, I believe an investor who invested in Bitcoin and be able to hodl for long will never run at lost for it is those trader who's purpose are for short term purpose and those who invested into shitcoins will run at heavy lost.
As an investor who is aware of the votality nature of Bitcoin will never panic to sell when the market dip instead he will use it as an opportunity to accumulate more Bitcoin. Bitcoin doesn't have any season or time to invest on, as an investor who uses the DCA strategy to accumulate Bitcoin won't worry about the volatility of Bitcoin because he will be accumulating Bitcoin small small either weekly or monthly regardless of the price and continue to hodl for long time.