Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
stomachgrowls
on 28/01/2025, 20:54:18 UTC
⭐ Merited by Zadicar (1)
Not investing in bitcoin even after having the knowledge is sometimes demoralising after realising that the price has left where you met it. Procrastination is a thief of time and works perfectly well in the midst of excuses.

I have always known about bitcoin for long now but didn't know how it worked neither did I get interested in knowing how it works. I got keenly interested in bitcoin in investment last year June when bitcoin was less than 63k when a friend tutored me on how it works. I became excited and wanted to try. But learning the knowledge of bitcoin from a trader is a very big setback on long term investment. I only learned that you can buy and after a while when the price changes to something above your cost price you could sell.

Everything was right but I didn't get to learn that there was more to bitcoin than trading. I sold of the little I had immediately bitcoin rose to above 70k and became skeptical about buying again. Within few months bitcoin crossed the 100k ATH and that was when I realised I learned the wrong way.

Buying bitcoin is not really an issue, but being disciplined not to sell it off in a little provocation. Now, we buy and buy more because I have come to realise that bitcoin is closely a one way project, always on the rise. Learning about bitcoin from a trader is one of the worst hurdle anyone can have in the area of bitcoin investment.
Yes, you won't get the right idea about Bitcoin from a trader. The trader buys bitcoins and sells them at some profit. So if you go to a trader to get ideas about Bitcoin then he will give you ideas about trading. When you invested, if you could have held until now, you could have been in good profit now. Bitcoin will grow in popularity day by day and Bitcoin price will continue to rise in the future. Since you realized you were wrong, you continue to invest in Bitcoin again and hold long term. So you can follow DCA method, which is the best method to invest in Bitcoin.
I think a trader is only the most knowledgeable about trading, he may not have much idea about investment success and investment potential. So a trader will never give a detailed idea about investment of new investors. Those who have not yet had full knowledge of starting investment enter this forum or search Google and see how to start investing in Bitcoin. Maybe it is through this that they will be able to gain primary knowledge. According to you, Bitcoin's popularity has already increased a lot, the popularity of Bitcoin investment among people is increasing at present, because it does not require too much money to invest in Bitcoin, to start investing only need willpower and money.
All matters on how you would really be that gonna handling yourself on how to make up investments on which you do based up on the things that you've known. When you are just that new and having those kind of positivity in towards crypto or Bitcoin investment then better think twice because risks is always there and it will be just that too impossible that you cant be able to determine out such thing.