Quote from: Miles2006 on Today at 11:15:22 PM

Quote from: Finebone on Today at 08:43:09 PM

Quote from: sotelorene on Today at 07:24:37 PM

The reason why some people panic is not because they don't know the volatility nature of Bitcoin but rather the reason why most people panic is because of wrong investment approach, especially those who are Investing for short term, once they invest more than they are suppose to invest because of the feeling and hope that the price will go up and unfortunately the price start dipping they will surely panic because they have made a very big mistake and that is the reason why we should not invest for short term and should not also invest with what we can not afford to let go because it will make one to be monitoring the market which is a stress and waste of time.

You are right about what you said here, just you have said already, the two things that makes a bitcoin investor panic anytime their is a dip in the market first is either that person is a newbie that knows nothing about bitcoin and it volatile nature or that person is investing what he cannot afford to lose, but if a newbie investor has knowledge about bitcoin and it volatile nature, and he is investing an amount he can afford to lose, he will definitely not panic anytime their is a dip in the market.

Note the difference between bitcoin trade and investment, a trader always study the market trend frequent and it doesn’t give room for success meanwhile investing has to do with long term plan and essential strategy to invest either dca etc. I’m only pointing out this because sotelorene talked about short term and a short term plan only has to do with trade I guess those who find themselves in such situation are not ready for investment else they know what bitcoin investment is all about, definitely the dip can’t panic an investor because when it comes you just have to buy and hold for a long period of time 4 to 10 years most likely although it might take longer depending on the target.
I’m not doubting the fact newbies are bound to make mistakes, newbies make mistakes then learn to correct their mistakes if only they’re ready to learn. We all had an ugly experience when starting that’s why the forum can be seen as a guide that will help educate newbie investors not to follow quick gains likewise investing only for a short period of time.

You have all talked interestingly but Miles2006, out this in thought that even those investing in a period of 4 years are still considered the short term investors because the period of their holding can not be compared to those investing ahead their retirements ba above 20 years or an average of 10 years.
Let's also understand the accumulation strategies of traders and investors are not the Same. Traders buys at any given time and sells at any cost while investors look out to buy at any price though but targets the dip and holds within estimated period of time while considering the market price before they can sell which ideally get those short term investors into fomo while long term investors remains focus because they don't intend to sell anytime soon.