Bitcoin dynamics are complex as a result of its volatile nature, due to this volatility there’s no amount of learning can really make one a perfect investor. Even, most of the old investors still find it difficult to really understand everything right about bitcoin. Sometimes we learn more and also unlearn by doing it. The most important thing to be worried about In bitcoin investment is to be able to figure out a discretionary income to accumulate and invest with, also bearing in mind that bitcoin investment is not a get rich quick investment and at such you must have the long term focus and strategy in order to achieve some significant success in your investment, being able to figure out a discretionary income and consistently accumulating bitcoin and being patient to hold for the long term goal is key. Just like the saying goes “the day you plant the seed is not the day you eat the fruit, be patient and keep watering.”
An investor never thinks about the volatility of Bitcoin. Because an investor always thinks long term. A trader always thinks about the volatility of Bitcoin. In the case of long term investment, one never worries about the volatility of Bitcoin. Personally, I think that this volatility of Bitcoin has made Bitcoin so successful. Because whenever Bitcoin falls in the market, a new ATH is created in the Bitcoin market.
It is never possible for anyone to acquire complete knowledge. As time goes by, everything goes. So it is never possible to acquire complete education or music. The old investors you are talking about, if they bought Bitcoin 5 to 6 years ago and held it till now, then they have now gained a lot of money or their investment is making a lot of profit. So, focus on investing without paying attention to what anyone says.