In fact, the most important thing in Bitcoin investment is a clear long-term goal, patience, and knowledge of the real potential of Bitcoin. Many people invest in Bitcoin greedily in the hope of quick profits, but due to short-term volatility, they lose patience and panic and sell their holdings, as a result they into losses.
If you are not patient in the crypto space, then you won’t really be making any money, rather, you are going to be losing. Most people don’t really know what bitcoin is all about, and most newbies mindset is always to make quick money when they invest in bitcoin. Most of them do see it on social media that people are making money from bitcoin, and some do hear from people, and they will also jump into it without understanding the basics and how things run till they invest, and they notice that their money is dropping instead of increasing before they start regretting.
Most people that do panic when there is a slight drop in bitcoin price are newbies, since most of them don’t even believe they can lose money when they invest in bitcoin, so if they invest and they start losing, they will end up panicking and will end up selling to avoid more loss, and they will even sell at a loss. So the best thing is to understand what bitcoin is about before investing in it, and always have it in mind to hold for long term.