True. Panic selling during a dip only shows the mindset of a trader, not a true investor and accumulator, Anyone letting go of their Bitcoin in a dip is clearly chasing short term profits instead of building long term value. And we all know that dips are just part of BTC which are often the best time to accumulate more. If we truly believe in what we hold, a dip feels more like an opportunity than a threat. Even the older pals here on the forum have always encouraged accumulating during dips, not selling.
That's right, those who panic when the market goes down a bit are not long-term investors. Long-term investors never panic when the market falls, rather they try to buy more bitcoins. In fact long-term investors do not focus on the market, their goal is to hold investments for a long time and continue investing in the DCA method. Now to invest in Bitcoin you should plan long term, if you plan short term you may face loss instead of profit. Short-term investors will never succeed, investing in Bitcoin requires long-term planning.
We are more afraid of loss than of gain. When we see that we are losing, the brain works 'loss aversion', so we think that everything will be lost.
You can not assume "
we" instead you can say "
I amyou are afraid" there is individual differences in how we deal on issues about the market and we can not completely have thesame thinking and obligation. Each time the market is down I see more opportunities to accumulate more. It is only traders who thinks about short term gain that always think about loss and gain, or thinks
it'sabout loss as a "
loss aversion
" and of course from your discribtion you obviously sound as a trader. When you have long term goal, you don't border about loses because your gain is targeted in the future not the temporary shake in the market.