Does a no coiner need “mindset” to start investing in bitcoin? From his statement, he’s trying to talk about someone who wants to start investing in bitcoin, not buying when price is low and later regretting why he didn’t buy at dip. For sure, you know that anyone who’s already investing in bitcoin, would always want to take advantage of dip when it comes or even buy aggressively except there’s a financial crisis.
The answer is a yes because whatever you will achieve is first conceived in the mind. If your mind is not made up, you will be in this forum, follow the discussion and even see that other people are busy arranging their future through Bitcoin yet you will keep floating and procrastinating. This is why majority of the discussion here is tailored towards ensuring that people develop the right mindset towards Bitcoin which include:
- Trusting that Bitcoin is worth investing in and that it is better to think long term like a decade or more.
- Investing with only discretionary income and also setting up emergency funds to protect the investment
- Appreciate the fact that the volatility of Bitcoin is its common attribute and not something to make us panic to the point of selling.
- Employing consistency in Bitcoin investing and never try to wait for the perfect time to buy because every time is perfect for an entry.
If these mindset are not put in their proper perspective, it is possible for the investor to make mistakes. It is important to note that it does not just end with investing in Bitcoin alone, protecting the investment and not giving in to the pressure to sell when the profits start trickling in is also a solemn task every Bitcoin investor should do.