Re: Buy the DIP, and HODL!

Bitcoin price dropped a lot today, but pumped up a bit again. Currently the market is very volatile, so many may panic and decide to sell Bitcoin. Maybe many panicked and sold bitcoins. Now those who will decide to sell bitcoins after getting disappointed in this decline, are not really real investors. Those who are real investors will never panic at this decline, instead they will see this decline as an opportunity to buy dips. I am not disappointed with this decline, I will continue to try to buy more.

those who sold there bitcoin in panic due to the dip was never investing in bitcoin for long time, rather there focus was on short term to make quick money, because if they where investing in bitcoin for long term I don't see why they we panic and sell of their bitcoin's, a real investors who is investing in bitcoin for long term will never panic when bitcoin dip, because it is something he or she is use to, bitcoin dumpling and pumping is a normal thing in the market, which anyone that investing in bitcoin for long term is suppose to be aware of before now.

Apart from selling because of not preparing to invest for a long time, it is so difficult for some people to keep calm when the market is going dip, it just seems they are being cheated or the price of bitcoin won't increase again, and it is not what they can't bear, their only interest is to sell at the moment. One may have plans to go into longterm but the mentality and the understanding towards the market can make one to change a plan when the price of bitcoin goes dip, that is why it is important for any investor to get the real mindset and understanding in bitcoin.

Those set of investors that are scared of the dip and quickly sells their investment off due to fear of more dips are known to be traders since the they cannot invest for a long-term, it is only a trader that sells his investment at any given point in time due to fear or financial challenge.
A real investor is ready to hold for long term irrespective of what is happening in the market, because the price may fall at the moment but latter goes up and he knows that holding for a long-term is more profiting than trading or short short-term investment .

The journey is not for the faint of heart! That is what they need first to admit.

I tell you today that many of those people in that category are not prepared for investing, they just heard of Bitcoin and wanted to make their money from it as fast as possible. This is why they are committing the money in fear. And don't be surprised that many of them are using the money they can't afford to lose. All these are bad, and more reasons why everyone investing in Bitcoin must fully understand it and the long-term goal.

It may be considered unfair to say that Bitcoin is not for the faint of heart. In the early stages of investment, when a guys is inexperienced, he may buy Bitcoin for high profits and hold it for short-term trading purposes. Gradually considering the situation he can align the plan for long-term investment. I'm saying this applies to everyone and most people can show a long-term attitude. Because they can apply their talents in the Bitcoin market and they can be successful investors. Some guys whose financial capabilities are quite weak can also start accumulation from small amount.
There will be fear of losing money in investments. In volatile assets there is more reason to fear and at the same time there is a possibility of getting huge holding and high profits. But you should focus more on holding Bitcoin than on getting profits. If you can accumulation Bitcoin in the DCA method from discretionary income You will be considered be a smart guy and also a successful investor.