Re: Buy Buy Buy or Sell Sell Sell?

Someone who panic sell there bitcoin because of a dip is definitely making a mistake, because when there is a dip in the price of bitcoin it presents an opportunity for us to accumulate more with a different and more convenient price as well, but I most say it is more common with someone who is new into bitcoin, or probably doesn’t have a little basic knowledge to panic sell at this point in time

You are right ,most people that panic and sell their bitcoins are probably traders which maybe short term investors, when there is dip many investors view it as a chance to purchase Bitcoin at a lower price forgetting that it should be an avenue to accumulate more and hold rather than selling it,but they don’t know that Bitcoin value fluctuate rapidly,but they would be the once to regret later.

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having a clear picture that investing in a longer term is the goal ,and they must make sure daily needs are met with that it can help in market volatility, all this will contribute to the success of the long term investment .

surely investing in a longer term is the goal, and yeah it is important to make provision for our daily needs but of course that has nothing to do with volatility. volatility of bitcoin is caused by demand and supply. when the demand is higher than the supply it caused a higher volatility or increase in bitcoin price and likewise when the supply is higher than the demand it cause decrease in bitcoin price otherwise known as low volatility. so provision of daily needs has nothing to do with volatility.

You are right , volatility of Bitcoin is caused by demand and supply which I already know , but it is also important that our daily needs are met as an investor, but all I was try to say is that being financially stabile will make one not to sell your Bitcoin when their is fluctuations in the market ,because when their is stability either with your job and with your discretionary income couple with backup funds all this can also help investors make informed longer term decisions .