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Along with having your funds, it is also important to have faith. Yes, it is the faith that you will invest in volatile assets in line with reality and expand yourself in the long term cycle. We still do not know for sure about the future value of Bitcoin, but countless investors believe that its value may exceed $180k this year, so through market analysis and strategic adoption, we can assume the basis of each review. Also we are still not sure but we have been confident in accumulation Bitcoin Through discretionary income and have been maintaining a continuous stream of accumulation and countless investors continue. Faith will help keep your inner attitude in a strong position. This is a value that even if you have a lot of money, if you do not have faith, you may have a different attitude towards accepting Bitcoin and later regret it.
What you call Faith is better referred to as Bitcoin understanding. Faith is more spiritual while Understanding is practical. If a person understands bitcoin, he can be able to invest all round the circle. He trusts that bitcoin could bounce back after a correction period. He does not panic when market dips. This is because of an investors understanding. On the other hand, men that have faith do more of prayers than practice, they pray when price deals (Which also implies panic). They can easily sell off their bitcoin in panic if after a period of prayer, asking that bitcoin returns to normalcy and it doesn't happen.
Most life achievements are not by faith but understanding and practice. An investor starts doing well in bitcoin the moment he understands bitcoin features and their implications. Faith is more stressful and less practical than understanding. Sometimes when market correction takes too long, faith may not be able to preserve your bitcoin stash but a clear understanding of those principles can sustain your bitcoin for over long periods of market correction without panicking or running into unnecessary loss.
I disagree with you bubby, because faith is faith, understanding is understanding you can't refer to faith as bitcoin understanding in matters like this so stop complicating things here. Even if faith is more of spiritual, Let me also remind you something incase you have forgotten, there's an ideology here that says stay consistent in buying bitcoin and hold for long term 5 to 10 years or longer and you will be in massive profits, that's if you can be able to accumulate a good portion of bitcoin, protect it and hold it for long term. the things I just said above is what you can refer to understanding in bitcoin, because the people who brought that Ideology has gained knowledge and insights through experience less say people like JJG, Michael saylor and others who have gained knowledge and insights through experience. Now less come down to faith as we all know not all of us who are investing in bitcoin have gained knowledge and insights through experience, some investors here just started their bitcoin investment last year, some this year while some few years ago, now explain to me what is making bitcoin investors who are just getting started for the first time who had not gained knowledge and insights through experience, to stay committed to their bitcoin investment and Keep accumulating bitcoin consistently and hold? Bro that's Is faith playing it own role in bitcoin investment.
I may not completely deny the existence of faith in bitcoin to some people of your own ideology but what I know that generally sustains higher percentage of bitcoin investors is BITCOIN UNDERSTANDING. I still stand by that because at that point, you've understood the real factors that could possibly influence bitcoin attitudes and you have also got to understand that Bitcoin Volatility is inevitable. Faith could possibly raise your hope that it will get better, but Understanding would make you wait longer.
Bitcoin understanding is more important for every investor and allows you understand the bitcoin cycles and why you have to hold through cycles possibly 2 cycles at least and/or through 4-10 years. At this point you expect new ATH.
Bitcoin understanding would also make you understand why having Emergency funds and back up funds is paramount. Faith alone would lead you to unsuccessful bitcoin investment when you sell due to natural occurrence. Understanding would let you build cushion against premature sales. Faith may not let you understand also that you need to be financially knowledgeable and invest mostly by DCA and with discretionary income. Faith does not care about how you invest, infact it pushes you into investing with all your funds allowing you think everything is all destined to be rosy.
Faith is to Bitcoin Traders as Understanding is to Bitcoin Investors.