Quote from: Natalim on Today at 02:37:13 PM

Quote from: Adbitco on December 26, 2024, 10:05:51 PM

Quote from: Odusko on December 26, 2024, 09:19:24 PM

So as long as you are investing what you can afford to put aside for a long term into Bitcoin, you are good to go through with Bitcoin volatilities because of the long-term perspective of the investor.

You are definitely correct, this is where most people make mistake. Knowing that bitcoin is something that has a value or has a way of growing over a long period of time, it is required to invest what you can afford to put aside for a long time. The challenge most people have with investing in Bitcoin is investing money they have need for urgently. This is not how investment in Bitcoin work because it will make you to panic in case price does not go your direction immediately.

However, while responsible investors know how to invest on what they can afford to lose, majority of the newbies that are entering the market are full of greed and are thinking that bitcoin is a get rich quick. Instead of putting a small amount first, some even risk taking a loan just to invest a bigger amount. And when price correction happens, these people who invested blindly will be panicking, thus resorting into selling even at a lower price, no wonder why newbies easily quit from investing in bitcoin.

Yes this is absolutely correct because most newbies aren't that patient enough to hold for long time or when there seems to be storm in the market they definitely push out their holdings immediately when the market dump, still return their profit without knowing that they are wasting their investment which after a couple of minutes or for a while the market will correct back again to stabilize the market which already they already lost investment which if they tried to invest again they will never acquire same fraction of Bitcoin again because they sold at lost. So, if they want to venture back the market definitely they will loose more higher than it was before that is why it is good to actually do a proper research before entering into market so to avoid rugged pulled or excessive dump from whales.