They do not think but they understand it is an opportunity for them to take advantage of buying more to hodl. Buying during the dip reality and not what you think you need to do to have a try to see if it will work out well or not. There is nothing to fear about when the price of bitcoin falls , it is for the good of those who understands the market and the right thing do.
People who sell due to panic when the price of bitcoin drops always regret it . It will be better for new investors to get understanding about the price of bitcoin, it is nothing to fear about , it is just an opportunity to accumulate more bitcoin.
why everyone who enters the crypto world must change their mindset, and learn crypto first. The goal is like that, when the price drops or the market is fluctuating we do not immediately panic, instead we can take advantage of this opportunity as an opportunity to continue collecting more bitcoins.
I don't see anything in Rockstarguy's post recommending to learn about shitcoins.
Yeah you are right JJG I think Mame89 didn't understand what Rockstarguy's what trying to drive out or saying and that's because he didn't read through very well.
It is very important we understand what we are reading very well before commenting on it.
Understand bitcoin as widely as possible so that we have confidence in what we hold, so that this helps us both psychologically and mentally in carrying out investment and trading activities.
Why trade? especially when it comes to bitcoin?
Some set of people makes mistake by involving there self in trading and shitcoins investment and there by wasting the time and resources they should have used in accumulating and holding Bitcoin for some number of years, trading Bitcoin will not bring you huge profit the way you are expecting it is only long term investment that will give you that.
While accumulating Bitcoin using the DCA strategy and you are very eager to trade maybe because is fun to you then you can use 1 percent from your Discretionary income to do that why continuing your consistent and regular DCA strategy of Accumulation.
But as a newbie it is not advisable to get involved in trading Bitcoin focus on accumulating and holding for long term only.
There is no need to be afraid when the price of Bitcoin drops because the price will definitely recover and even reach its highest price again, the rise and fall of the price of Bitcoin is a common thing, especially when there is a sensitive issue in the crypto world, the market will definitely go up and down but it is only temporary. Mindset is the key to investing in bitcoin to avoid panic.
I agree that there is a lot of volatility in bitcoin, and bitcoin can be affected by various factors, including market happenings related to liquidity and certainty (or lack of certainty), and surely bitcoin's price trajectory is likely Up, yet it is not guaranteed to go up as you proclaimed.
Yeah his very correct but one can't deny the fact that bitcoin is one of the best investment right now in the world ( if not the best) and investing in it with your discretionary income is really a good step.