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.
Old investors or novice investors for now I think they have the same principle, namely both have the same belief in making long-term bitcoin investments and accumulation with the DCA strategy is always the choice they invest in bitcoin investments.
Well also not all newbie are afraid of the Dip, it all boils down to the pre-information and the way everything is set up for the newbie. I believe if the newbie have the right orientation and makes his own research before investing Bitcoin then he would know what's ahead and how to go about the Dip, there are plans to set up that would aid him not to be worried about certain Bitcoin dip, plans like having a keen mindset that whatever he is saving is money that he can be able to let go and also long term investment plan, emergency funds, reserve funds and so on, if the newbie have all the right plans set up then he wouldn't be afraid of the Dip since he plans is to invest for a long term and not like the short term traders that claim to be long term investors.
Long-term investment is not afraid of a decline because that is the risk, but if we don't sell it, of course we don't experience any losses. Holding for a long time is more appropriate than a short time because a short time does not make you focus on accumulation because you are always afraid that the price will go down.
If I had bought Bitcoin every time I heard that, I would be rich by now. When you think about the money lost over the years while trying to make quick gains in altcoins, you realize again and again how important it is to buy at DIP and hodl. Whenever the price seems high, you should zoom out and look at the chart again, because Bitcoin is always seeing new highs.
Even the price that is expensive now will be very cheap in 5-10 years. This has always been the case, and it will always be the case because of limited supply and high demand.
Yes, imagining the past is always beautiful if we don't make mistakes, but it is an experience because in the past we didn't know the best way to invest so that we made many wrong decisions.
In essence, investment only requires patience because whatever price you execute if you are not patient then you have repeated the same mistake.
Although the price comparison is expensive with the price 3 years ago, in long-term investment of course we will not know how the price of btc in the next 5 years could pass $500k or more.