An investor who has been involved in investing in Bitcoin for a long time actually has a good idea about Bitcoin but a new investor who is just starting to invest does not have such a good idea about investing, as a result of which it is seen that if no one helps him in terms of long-term investment planning, he starts investing in any coin other than Bitcoin and later he regrets it.
we have gone passed that stage of still doing comparison on whether bitcoin is better than any other asset class or wether one should invest in some coin at the expense of investing in bitcoin. such kind of conversation and opinion is just an indicator that we are not seeing the direction bitcoin is headed to and that we are just dragging our legs behind.
bitcoin is yet again about to cross the last all time high it once got to not long ago and and with the way it is going, it is only showing us that we will continue to see it going high to more all time high in the future. a newbie just need to know this fact and focus his attention on bitcoin while for the old investor that has stayed long enough in the system, there is no need waiting for any form of motivation. the only thing to do is to keep buying, building your bitcoin stack and cut off from anything that looks like a major distraction.
i still remember coming into the system when bitcoin was bellow $40k and it looks as though $100k was something that is to big to even imagine, after less than two years, what can we then say? is it not clear that building ones stack from that point to this time has obviously placed one at a good profit region? that alone is a good inspiration to draw from to keep complete attention on bitcoin and focus more on best strategy that will help one build his bitcoin fast enough rather than trying to scatter ones holding by diverting attention to some coin that can only survive for the short term.
Considering the history of Bitcoin is very important for new investors, because if they consider history, they will see that many investors who invested patiently and when the price of Bitcoin started increasing from that investment, they still kept their greed behind and remained steadfast in their right decisions, which is why they have been rewarded in the present time, on the other hand, there were many who knew about Bitcoin but did not come forward to invest in Bitcoin, and many others invested but due to their greed they could not bring their investment forward because they might have panicked after seeing the price of Bitcoin fluctuate and sold it, or else they could not control their greed when the price of Bitcoin started increasing, but they are the ones who regret it in the present time because they have got the results of their actions, so it is important for new investors to know and gain experience well about the history of Bitcoin. If you want to strengthen your investments at the present time, you can use the DCA strategy and do it for a long time, even if your investment is small. By using the DCA strategy, you will get rid of the worries of when to enter or exit the market.