Quote from: Stable090 on Today at 08:07:35 PM

Quote from: Y3shot on Today at 06:22:08 PM

Bitcoin is very volatile; you can buy Bitcoin today, and the price can drop in the next few minutes. This doesn't mean you have lost the value of your Bitcoin or that the price will continue to fall and won't rise again. You have to understand volatility before investing in Bitcoin.

If you are investing, you are suppose to know about what you are investing in, it’s not just going to make sense that you making investment, and you don’t have proper knowledge about what you investing in, and as long as you are doing research about bitcoin investment, then you will definitely come across bitcoin volatility.

After investing and you discover that the coin price drops, all you need to do is just to hold, what’s dropping is just the value of the coin, but the amount of the coin which you are holding is still the same, so even if bitcoin price crashes, all you need to do is just to hold, with time the price will bounce back. Most people do panic when bitcoin price drops, but I don’t see anything to panic about, that’s why when investing, our target should always be a long term target. If you are holding for long term, all the market slight changes in the market won’t really disturb you.

This is only possible for new investors because they invest large amounts considering the profitable aspects of Bitcoin and later when the price of Bitcoin is dumped, they panic and sell Bitcoin and as a result they suffer more financially, but experienced investors are familiar with this because they will not panic when they see small market declines, new investors should start small, if they think that investing with large amounts of money will bring big profits, they should have enough experience in this regard because in the case of new investors, if they pour their entire money into Bitcoin, they will panic when they see small losses, so they will be willing to sell Bitcoin, on the other hand if they use the DCA strategy and invest slowly, they will be able to continue investing for a long time, so they will gain experience and they will see their small investments become heavy.