Hitting 100k plus price and seeing Bitcoin drop to 80k within 30 days is a big patience test for many new investors.Many will pass this exam and many will be disappointed and lose patience and make wrong decisions.Newbies might have thought that investing here would improve their financial status and lead a nice and prosperous life with their families.
There is important thing we shouldn't forget about Bitcoin even though we are so carried away the profits we do gained from it, we should also remember the volatility aspect of Bitcoin while making investments and we shouldn't think straight without knowing that it could go on the wrong side, before pulling out money to invest in Bitcoin it's assumed that they have all accepted the risk and the volatility of Bitcoin before making investments, and we shouldn't think that all digital currency doesn't experience or have volatility.
To deal with volatility is to use a good buying strategy to make every price reduction a memonetum to increase your bitcoin holdings, everyone thinks that bitcoin is calculated to provide a return of thousands of percent or more come hundreds of percent in a matter of years but they forget that people who get big profits are those who make purchases when the market is still red and many do not believe it therefore the thought is very natural because the average person in this world has a greedy nature and they cannot control themselves including fighting fear when the market is red.
Everyone in the family will recognize bitcoin but they are not confident in its future price.
This is for newbie investors.. I will accept that.
For those who has been there for long term and understood how the reacts over the time would never be that desperate or feelings so fierce about the market to dump so easily due to little change in percentage, and of course we know that there are two major seasons of Bitcoin market mainly; the bull run and, the bear run. Whomever that took his or their time to understand the two Market conditions would never be that worried over the time.