Quote from: Pablo-wood on Today at 05:43:04 PM

Quote from: Marykeller on Today at 04:46:52 PM

I don't know why OP, forgot to mention "knowledge'' that serves as the basic thing one should know before investing in Bitcoin. Without knowledge, I don't think one could hodl their Bitcoin for long periods without making a mistake that could cost them a lot to lose their Bitcoin to scammers.

Actually, patience is the key to Bitcoin investment, but without basic knowledge of Bitcoin your hands and emotions can be burned up when the bearish market strikes the crypto market or scammers send unsolicited links, promising a huge return on investment if you can invest with them

Knowledge cannot be neglected although most people leverage on their successful mentors to make investment decisions, but in real sense when both gets combined the bigger picture as regards decision making gets even clearer. Patience and the right knowledge strikes a cool balance. When it comes to volatile assets like bitcoin one just have to make up their mind to have enough patience but for knowledge they can leverage on those that have succeeded. We can all attest to the fact bitcoin rewards well on a long term goal.

In fact, if you do not have proper knowledge about Bitcoin and do not have faith in Bitcoin, it is very difficult to hold Bitcoin in the long term, because if you cannot trust Bitcoin, then during the volatility you will easily decide to sell Bitcoin, because you will think that it will never recover. But when you have real knowledge about Bitcoin, then you will have faith that Bitcoin will recover again in the long term and continue to grow bigger, due to which you will decide to accumulate more instead of selling during the volatility. Accumulating and holding with patience is the most important thing in Bitcoin investment, and it is important to prepare your mentality properly for this.