Post
Topic
Board Nigeria (Naija)
Re: Scared to hold Bitcoin?
by
Rhow
on 02/03/2025, 17:59:53 UTC
Is Norma for one to feel emotional in this space we all humans so we are emotional being , we all pass through those stages of getting emotional due to market conditions, but after getting some vital knowledge we began to understand the system of holding in this space especially when it comes to bitcoin, so anyone that’s feeling emotional whenever there’s massive changes in market will also understand the system and benefit of holding bitcoin as time goes on .
Yeah to me is only beginners are scared of the dip market, expert and investors see dip as an opportunity to buy more. In fast some investor pray for bitcoin to be dip for then to invest more, while learners are crying and selling off in di market experts are smiling. It's just stages as u said, once you have the good knowledge nothing will ever scare you about Bitcoin again. 

It's legit and simple just hold for long for a long time you will smile to the bank. Don't let anyone scare you or discourage you, bitcoin will hit soon just buy if you have the money to buy and hold. Then stop checking your wallet if you're not a daily trader so you won't be emotional.

That's why it's good for newbies to not only learn about the Bitcoin investment but put it to practice, so they'll fully understand it better and won't get emotional when there's a dip, atleast if they buy and hold for long-term, by then they would got to under that there's no need to get emotional whenever the market bleeds.
I think the Bitcoin market will continue to bleed for the very short term. It is better to practice Bitcoin DCA strategy because in this strategy you can save any amount for a long time. I think regular Bitcoin savings are much better than lump sum investments. Especially for individual investors who are not ready to bear the risk in investing. In a temporary bitcoin worth dumping, it is more important to keep Bitcoin accumulation consistent, considering your ability.
Wise people say that it is good to keep any work consistent. So I think it would be wise to keep investments consistent as well.
actually, I have read a bit about DCA, but I don't understand what you mean by lump sum. Is this some other investment method?