Quote from: sotelorene on Today at 08:23:39 AM

Quote from: Gallar on Today at 05:25:27 AM

Quote from: Tonimez on Today at 03:47:52 AM

Personal understanding is very important in whatever business anyone does because it allows you maximise your profit. Even if you don't understand other areas of bitcoin, you have to understand the roles played by the following features of bitcoin; Bitcoin Volatility and bitcoin having a limited supply.

This two terms when understood would make you always think long-term. No matter how the market behaves, there are still rooms for new ATH because each market correction opens the way to upward movement of bitcoin. This would let you avoid panic sale which is very detrimental to bitcoin investment. Don't focus on the chart, instead think about how to increase your DCA investment not beyond what you can handle.

Understanding this is very important for us so that our mentality and mindset are more mature and will not waver when doing DCA in bitcoin. Because it is undeniable that some bitcoin investors who panic sell bitcoins are caused by fear caused by ignorance. Because if we do not know about the basic understanding of bitcoin, such as the amount of supply and when bitcoin will run out in the mine, surely such investors will be a little paranoid when the price of bitcoin experiences a correction. But if a bitcoin investor already knows about it, I think they will be fine in doing DCA and hodl their bitcoins. That is why if we have started doing DCA in bitcoin, if we have free time, we should at least take the time to read about bitcoin, because it will help us become stronger in doing long-term hodl in bitcoin. And for beginners who want to start investing in bitcoin, my advice is to start first and after that while walking, you can learn little by little about a deeper understanding of bitcoin.

We all (investors) know that the best way to go about Bitcoin is accumulating and holding it for a long period of time and so anyone who panic and sell maybe due to Bitcoin downtrend is not an investor and can never be seen or classified as one because he or she has ulterior motive even before he or she started investing in Bitcoin. Moreover, these people with ulterior motive are the people that always hope and pray for the market to skyrocket so that they can take profit but guess what, when the market start to Dip they become crazy, remember a real investor can not be crazy or run up and down because of market downtrend because they know what they signed up for and they also know the downtrend is just temporary.

The only difference is the funding's we have, strategy we use and level of patience. If they are the type of person who easily got panic on down trends happening which is common in the scene then I guess they have lack of experience and belief that's why they act like a shit then turn into a loser when they sell their Bitcoins.

That's why to avoid that unnecessary panic, they should acquire more knowledge about Bitcoin also its price history while they are in the process of accumulating so that they have something to look at and not to fear about if there's bearish trend will happen. Since for sure that those incident happened from the past would give them confidence to continue especially that Bitcoin price goes from zero or few bucks to current 6 digits figure now which totally amazing achievement to look forward. Then also for sure more to come because we know we are not at the peak yet.