Post
Topic
Board Nigeria (Naija)
Re: Wondering if bitcoin is right for you.
by
Rockson1
on 03/08/2025, 18:22:33 UTC
once you can cope with the volatility of bitcoin and not get frustrated anytime bitcoin DIPs, then bitcoin is for you because it shows that you can cope with bitcoin price fluctuation and never make a wrong investment decision regardless of how bad the price of bitcoin gets to. once you are able to get that right and understand basic fundamentals of bitcoin investment, you will not face so much challenge challenge along your investment journey.

bitcoin is for everyone and everyone and anyone can own bitcoin but not everyone is capable of coping with the volatility of bitcoin. it is the reason why people easily get frustrated and afraid when there are news that gives an indication that bitcoin is going to drop down within a certain period of time. as long as you can manage your emotions regardless of how volatile bitcoin is, you can also deal with other things like safety and security measures since they are kind of the basic things one learns first before buying bitcoin.

What a good, bitcoin is really for everyone but the mindset in which some investors go into it, is what make it look as if bitcoin is not everyone, just imagine some people that have this thinking that bitcoin is only for the rich.
Any news you get out their about bitcoin dipping further or even appreciating in price is just speculation or just normal prediction which everyone is free to do, note it doesn't mean that those speculations or predictions will take place exactly that way, the history of bitcoin has been the backbone of the continuous influx of investors in the investment, if you understand what volatility is, you wont get yourself stressed about the whole thing, volatility is the reason why we are into bitcoin today, it is the beauty of the investment because it allows you at some point buy at a lower price, I didn't say anyone should wait to buy at a lower price but when doing DCA you can keep buying with your discretionary income gradually at all time however, you can buy in a lump sum when the price dips but it has to be done when the money is available without stress.