Beginners who are still panicking when the price drops did not understand how Bitcoin is before they buy it, it is good to make them understand so that they will not panic or try to rush and sell their Bitcoin, however, as a beginner, before you invest in Bitcoin, you should know what you are investing in; no one will say that he or she does not understand bitcoin before they invest in it.
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.
Sure, most of the investors you see doing well today learned from their previous mistakes. In the beginning, many of them started without proper knowledge, some even sold too early because they panicked when the market changed, not realizing that changing of price is a normal part of the game. Selling at a loss didn’t make them give up, but they learned from their mistakes to studied more, and came back stronger.
Over the last three years, Bitcoin’s price has increased far above what many people invested back then, most investors who bought Bitcoin about three years ago would now be holding at least x2 the value of their investment, not to mention the next 10 years to come, I believe Bitcoin could reach levels that many people can never imagine today. This is why we are confident that it’s still the right time to invest. Those who have yet to start holding Bitcoin should do so, because in the future they may regret not taking advantage of the opportunities available now.