Quote from: Odohu on Today at 02:27:01 PM

Quote from: sotelorene on Today at 11:39:48 AM

Quote from: Ruttoshi on June 12, 2025, 10:54:43 AM

Baba you don talk am finish. Bitcoin investment no be competition on who buy pass but na to buy based on your own financial power so that you no go choke yourself. If na 5%, 10% of your income wey you go freely buy with and forget about am, na that amount good pass. E better say make person get little wey him go fit dey buy gradually for long than say him no get at all due to buying more than your financial strength.

The way some investors are behaving it is obvious that they don't still understand this you said and that is why we have people selling off when the market is going down because of wrong investment. The reason why some investors won't go forward or make progress in their investments is covetousness, some of them are not always contented with what they have even though that is the only thing they can afford at that point in time and anyone who wants to exceed there capability or capacity will definitely learn in the hard way because there is a saying that " you can not be faster than your shadow"

Those who display these tendencies like selling off and running away when the market is making correction are not qualified to be call investors. They are just traders which is people who bought and plan to sell at the sight of small profit and will try as much as possible to avoid losing most of their money. What this means is that they did something wrong from the beginning which is buying Bitcoin with money that should not be in Bitcoin. Investing in Bitcoin require that we purchase with only discretionary income so that we will be able to hold and not panic when the profit is not forthcoming and even when it is coming, we can hold as long as we can to be able to achieve what fully what made us start the investment. In addition, if you check very well, people who easily panic this way do not setup emergency funds which is supposed to be used in case there is emergency during the period of investment. Without such arrangement, it becomes very difficult to hold for long because sometimes emergencies happens and makes us spend money we do not plan for. It is important we aim to be smart investors by following the route of investing part of our discretionary income only and also setting up emergency funds.

The main reason why most people panic over market correction is because they don't have the conviction to hold bitcoin for a long term. If an investor has this conviction that no matter the up and no matter the down , that they won't option for sale. A strong conviction backup with a good plan can make an investor to actualise his long-term goal. Investors should always under go contingency planning exercise with regard to there long term goals. emergency funds is essential for long term bitcoin investment goals however without a strong conviction backup with a good plan, patience and high risk tolerance even with emergency funds and investors will still options for sale morespecially when there is a downward trend.since the conviction is not there he will force to make impulsive decisions based on market correction.