We can commonly say that people who do lack experience or simply being those newbies are the ones who do get easily affected with this kind of situation or in speaking about volatility but we do know that there are people that they've been here on this market for a while but still they have been that get those kind of mistakes on being that having that easily be shaken once they have seen that the market do make out some serious correction. Just like on what we have seen recently the price had played out on 100k+ and now its currently sitting on 94k on which 5% down in a day is never been something new. Why they would really be that anticipating for some crash?
DCA would really be always the key whenever the market do make out some correction. The main issue for most is that they cant be able to handle the volatility and thats why on the time or moment that they've been that trying out to make up some positions whether seeking for some entry then they would really be having those doubts. The key on here is that you should really be that investing on what you can afford to lose so that you wont really be that panicking at the time that the market do move on opposite on what you had anticipated. If you arent that getting used to these movements then this market isnt for you. This is why its really that important that you should be wary into the actions that you are taking into.
You sound more like the inexperienced newbies you are trying to talk about. If I may ask, what do you mean by investing on what you can afford to lose? Or be wary of actions that you are taking? Maybe you see bitcoin as one of those shitcoin and shit projects, those will fit into your explanation. Well I'm sorry to break to you that bitcoin is not one of those crypto coins, Bitcoin is far better than what you can imagine right now. In bitcoin investment you
put in what you can't afford to lose. Just imagine saving up $2000 on your fiat bank since 2020 and and saving up another $2000 as bitcoin for that same time frame, trust me the different would be obvious. As that of your bitcoin investment would add value and profits, while your saving at your fiat bank may experience inflation. Holding bitcoin for a long period of time will guarantee you some profits it doesn't matter what time you got in, the most important requirement is that you stay patient and let bitcoin reward you over time. There is no need to be afraid of bitcoin investment or to be cautious of the price movement, like I said earlier irrespective of the bearish and sideways movement we see today the overall outcome is definitely going to be a bullish trend when you zoom out the price chart. And I'll advice you don't focus on trading because only those who make short term trades get threatened by the price correction or movement against their prediction, just stick with this thread, and you'll discover so much that will help your accumulation journey gets much better.