Making a good point. I’ve been in such situation before where I tend to sell off my Bitcoin at loss but as time goes on, I began to gain more confidence and understanding it’s volatility. When going into bitcoin, one is tend is have an investor mindset, because that’s the principle thing that would help you stand strong, knowing it’s a long term investment not waiting for it to rise and get a profit within a short term. I believe that understanding bitcoin volatility and long term rewards, will always give one the confidence to buy and accumulate bitcoin at all time, even buying more bitcoin when it dips.
Their is a saying in my country which say "that understanding is deeper than knowledge" meaning that their are so many people that might knows you, but only few understand you and your capabilities, and that's also involves investment in Bitcoin.
Many Bitcoin Investors out there knows of Bitcoin and it volatility, but only few understand that even though it deeps in price, it will surely rise back to where it fell from, no matter how long it takes, because the value of Bitcoin is on the the rise when looking at it historical price movement, so those that are still selling in panic do not understand Bitcoin and how it works fully. Because any Investors that truly understand Bitcoin, will know all he has to do to safeguard his investment, so that he can hold for a very long time.
If we were to connect that saying to Bitcoin, it really makes sense because there is a big difference between just knowing Bitcoin exists and truly understanding what it represents. Many investors are quick to say that i know Bitcoin is volatile, but when the price drops, they panic and sell, which shows they never really understood its long term nature. Looking back at history, every deep fall has always been followed by a recovery, and often to even greater heights....... This is why the ones who have real understanding don’t panic they focus on safeguarding their holdings and waiting patiently, because they see beyond the short term noise.