Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy every dip!
by
TravelMug
on 18/01/2025, 23:03:00 UTC
⭐ Merited by JayJuanGee (1)
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.

I would say let looks at the positive side of it, if you are a newbie then maybe making a lot of mistakes in the beginning, and we can say that it's understandable. But with that regrets, you could go on a different mindset reset again maybe this time from the mistakes that you made, trading and believing those social media influencer, you might want to have a different approach. And hopefully you will find DCA as the best method for you. And from then out, you will have a new learning curve, have a lot of patience, mental toughness to go weekly or monthly to put aside some money to invest on Bitcoin.

And then as you go along, you will really build from ground up and become a "true" investor by looking at the bigger picture. And if I may add, maybe you can look at this site,

(https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html.)

See for yourself where you are right now, and then strive to go to the next level, ultimately in the future having 1 BTC and be part of that 1 BTC club.  Grin