Most newbies don’t always have proper knowledge about bitcoin investment before they go into it. When bitcoin price is dropping, there is no way you can stop newbies from panicking, they will definitely be scared, even if you explain to them that they should keep on holding, and bitcoin price is going to bounce back, most of them won’t listen, some of them will end up selling, but with time they will understand how things work. Similar thing happened to me when I started investing in bitcoin, but with time I got to know how things work.
Before investing in bitcoin, just take your time to check bitcoin price history, you will know that even if bitcoin price drops, then with time it’s going to bounce back, and we should panic that bitcoin price is already high. If you don’t invest now because you think bitcoin price is high, then in the next 10 years, am sure you will end up regretting why you didn’t invest now.
Yes, the point is that when we enter into an investment domain, such as bitcoin, we should never rely solely on emotions and neglect logic and knowledge. Because basically if we invest in bitcoin, and only want to get the benefits without knowing the process, then undoubtedly people like that will definitely be screamed by their own ambitions. So with that, I think a little thinking when investing in bitcoin. Because in my personal opinion it doesn't take long to see the history of bitcoin and also understand the cycle. Because currently there is a lot of information that we can easily access to get information about bitcoin.
So the point is not to prioritize ego and laziness when we invest in bitcoin. Because basically what makes us wretched in investing is not the asset but ourselves. So with that, when investing in bitcoin, we must really be able to understand what we are investing in. And to learn it does not need to be rushed, because basically after starting to invest we can do it. Because even though this looks like trivial, but basically understanding the bitcoin price cycle will make us stronger in holding the bitcoin that we have.