Original archived Re: What Bitcoin Taught Me About Patience and Risk
Scraped on 09/08/2025, 19:52:18 UTC
When I first heard about Bitcoin in 2021, I hesitated. It felt too volatile and unpredictable. I kept saying, “I’ll buy some soon.”
In 2022, I finally bought a small amount — but after a short price dip, I panicked and sold. Weeks later, the price recovered and went beyond my original entry point. That moment made me realise:
♤Bitcoin doesn’t reward panic
♤Timing the market perfectly is a myth
♤Long-term thinking beats quick emotional reactions
I’ve since started using Bitcoin more as a long-term store of value than a get-rich-quick tool.
It is always better if you invest in Bitcoin with an amount of money that you can hold for a long time. Although you are able to hold Bitcoin for a long time, your psychology forces you to sell Bitcoin when the price of Bitcoin starts to fall. Then your emotion forces you to accept that Bitcoin will make a big down and for this you may face a big loss. So you will immediately sell Bitcoin and wait to buy Bitcoin at a lower price. But then you will only keep observing Bitcoin and see that the price of Bitcoin will become very expensive. This happens not only in your case but also with almost most investors. So very few investors can make good profits by holding successfully