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.
That saying really makes sense, and TBH it explains the difference between people who just talk about Bitcoin and the ones who actually live it. Anybody can know the price is going up or down, anybody can check charts or headlines, but very few really understand what they are holding…. When you understand Bitcoin, you stop looking at it as some lottery ticket that either wins or fails, you see it for what it really is, an escape from money that keeps losing value… That kind of understanding makes dips look less like losses and more like discounts…
Most of the panic sellers out there are people who only had that surface level knowledge… They came in thinking it is a quick profit scheme, so the moment price falls, they feel betrayed and run away... But the ones who stick around are the people who understand the bigger picture, Bitcoin always recovers, and every cycle it grows stronger than before… Selling in fear is just giving away your future to somebody with more patience, sorry to say..
At the end of the day, knowledge is like knowing Bitcoin exists, but understanding is what gives you conviction… When you have got conviction, you don’t wake up at night checking the price, you don’t panic when it bleeds, and you don’t rush to sell when everyone else is scared.. You just hold, because you understand exactly why you bought in the first place…. And that is the real difference, people with knowledge get shaken out, but people with understanding actually win in the long run….