Amidst this volatility, those who have deep knowledge and full faith in Bitcoin are the ones who have survived.
Well it is wrong to believe that it is only newbies that is always grip by fears when ever there is a dip , even those investors you are thinking are not afraid they are but the thing there is they have high risk tolerance.They have the ability to withstand risk inasmuch as they are afraid because when compared to newbies they have much of bitcoin in their holdings than newbies.
So there are investors that have full knowledge about bitcoin dip however whenever it occurs they are restless because of the amount of bitcoin they have in their portfolio even when they have the knowledge that the price will definitely come up.newbies will mostly panic when there is a dip if they start accumulating with a huge amount of money .
Older investors may actually not be as fearful as newbies when market is making correction because they have seen different market conditions based on how long they have been in the system. However this does not mean that every old investor is going about Bitcoin investment the right way because some of them still develop habits that end up hurting their investment so badly. For instance, some old investors still feel that bitcoin is too expensive and will not give high profits so they still going about chasing shitcoins that will pump and make them millionaires and put just a little part of their funds in bitcoin as backup. You will see some apportionment as low as 50% of their funds to bitcoin and the other 50% to shitcoins, a move I consider not too good because Bitcoin deserve higher percentage like 90 to 95% of the total investment funds in that one can gamble with the 5 to 10% of the funds on shitcoins that is if they cannot resist the illusion of investing in shitcoins.
Newbies what started with the right mindset and is convinced that long term is the right way to go about bitcoin will always know that dips are time to buy more and not a time to fear.