Quote from: Ishicryptic on Today at 10:57:01 AM

Some people enter Bitcoin investment with the wrong mindset because they don't have the correct knowledge about how it works, they think that it is an asset that you will buy and the value will continue to increase without dropping. When they check their wallet and see that the value has dropped and they continue to see it dip, they will panic and either think that they have been scammed or that it is fast becoming worthless. If they researched or were told that Bitcoin is a volatile asset that dips and recovers, rally and dips again, they will not panic and worry unnecessarily. The most important fact that these newbies needs to understand is that Bitcoin has the potentials to always reach new ATH, that is why it is better to hold it as a long term project. No matter how long it takes your Bitcoin will be profitable for you in bull circles.

and the wrong mindset that they don't have a reason why they want to invest in Bitcoin as a person, it is good to have a goal of why you want to invest in Bitcoin but most times people just engage in making those decisions without having the aim of investing and s lot of people just follow other peoples idea which is very bad because there is a lot of reasons why you have to learn to make your own decision when it comes to bitcoin investment there are procedures that you can follow and it will help you.

a lot of people are always guilty of selling when the price is down because they fear their money is gone they need to understand how the market is been structured and there is always enough time to make a proper investigation before investing and not just making random decisions just because you see others investing, and newbies are always excited when it comes to investing but over time most of them can no longer keep up because they do not have the idea about what the investment is all about.

information is power so when you have quite an amount of information in your hand then you should be able to do whatever you want with the information and then your progress will be determined by what you get in return, which will be used to measure your profit and other things so this is how important knowledge can be.