Quote from: Issa56 on November 29, 2022, 10:39:38 PM

Quote from: tigerwood0432 on November 29, 2022, 05:45:46 AM

1 ) - stop listening to twitter/shit medias , bitcoin " advisors or consultants" usually they are paid advertisements from btc whales to buy lower or to get more profits in their shorts : panic panic panic : china china china , russia russia russia , SEC SEC SEC inflation inflation inflation . ....... all bullshit

Some people panic and sell their bitcoin just because of what they hear on social media, i have seen lot's of people saying bitcoin is going to die which is impossible, Bitcoin is not going to die, Bitcoin have faced lot's of challenges in the past and it didn't die so even now bitcoin is not going to die, the highest thing that can happen is that the price will dump but if you can hold its definitely going to bounce back. If you keep on listening to what people are saying on social media then you are not going to invest.

Quote from: tigerwood0432 on November 29, 2022, 05:45:46 AM

3) Go for long term investment , ask yourself : what will be bitcoin price in 5 years from now ? Going to zero ? Going to 250k ? stay at same price ?

The main reason why some people lose interest in bitcoin is because they believe bitcoin is a get rich quick scheme, most of them believe if they just invest their money immediately they will be in profit which at the end if they invest and bitcoin keeps dumping, they always end up losing interest, Bitcoin is not a get rich quick scheme so if you are investing, then you should be prepared to hold for long term.

You are right 100% , bitcoin is for long term holders , not for those looking for -get-rich-quickly

tigerwood0432

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