Why will a long-term bitcoin investor panic when there's a dip. If 6 do not sell, you will not suffer losses because bitcoin price will surely bounce back based on my experience in the market. This is why we must know and plan towards investing into bitcoin for a long-term because the longer you keep buying and hodli for 4-10 years and above, the more confidence and profit you'll gain in bitcoin in future.
It's when you are investing in the wrong direction by having a trader mindset which is for short term profits, is when you will run at loss because no one can predict the price movement of bitcoin and when there's a dip traders can panic and sell. If you're into bitcoin for a short term profits, you are only a gambler and you are wasting your time and money trying to play along with the price wave of bitcoin because in the long run, you will be lost by the price wave of the market.
No one says the long -term holder will panic but what is meant when someone does not understand Bitcoin's journey and when there is a sharp decline it will make some inexperienced people will feel panic so that in these conditions they make the wrong decision.
The worst conditions that will occur they will suffer losses due to wrong in selling calculations when the price of Bitcoin has decreased sharply.
Therefore, you need knowledge and self -control so that a person can more easily control the panic under any conditions.
Not everyone waste time in the short term in investing in Bitcoin because there are still many people who are able to generate maximum profits when applying short -term investment.
Under certain conditions about how a person understands Bitcoin's journey and if they have good knowledge taking an approach in the short term is also quite good.