Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Tamaperdana
on 30/11/2024, 13:19:44 UTC
That is why is always advisable to have emergency funds where you can easily access monies that you want for any urgency, not deeping your hands into your investment. however I feel some persons don't have the psychology of investment when it comes to Bitcoin especially during the early stages, as they see Bitcoin as one of those avenues they could put money after a little growth for a period of time they collect their capital and interest, not knowing that you have to be patient and see Bitcoin as an asset driven venture just like any other asset you have that grows in value over time.
I also agree, many investors look at investing in Bitcoin as a way to make short term profits, which is the first mistake a new investor makes. Bitcoin should be considered as a long-term asset, because in the short-term Bitcoin rises a lot, but it grows slowly over time, and this is something a new investor must understand, because newbies invest in Bitcoin with the intention of getting rich quickly, so they Many times losses are to be faced. Therefore, anyone who wants to invest in an asset like Bitcoin, must have a long-term perspective of 9-10 years. And keep a good eye on the financial situation, and have a good source of income, so that there is no shortage of funds in an emergency.
Many new investors in bitcoin have thoughts like that, so in essence this is no longer strange. However, in my opinion, at a stage like this, there are some bitcoin investors who give up without learning, but there are also those who dig up information and are also on the right track in investing in bitcoin. So I mean there are quite a lot of beginner investors like this who finally realize their mistakes and learn about bitcoin investment properly. However, there are also those who give up and do not continue investing in bitcoin because they experience losses (due to panic seeing the fall in the price of bitcoin and immediately selling it). But that is the reality that is happening right now and I think this is a valuable lesson for all of us. Because people who see Bitcoin as an investment asset that can get quick profits will definitely not have a smooth journey in their investment.