This is really a good opportunity to invest and earn profit eventually but not all people do get such logic in cryptoindustry not only in Bitcoin. Everytime there is a downfall, many people are panic selling, because they thought in such way they would get away from profit loss but the fact is, they got away from the opportunity to earn profit someday, once recovery start. An investor's responsibility is to just wait patiently because no one knows when will the uptrend occur, but one thing is for sure, after a downfall in the price of Bitcoin, there is a huge possibility that its price will again increase, the only perk is to wait without certainty, but for me, that is not a big thing, because it would be worthy.
Yes, I have made my mind to buy some coins at this point of time. Crypto is giving again an opportunity to buy the dip and make some money when the price increases.
This is something an investor could be easier said than done.
"buy low, sell high" right? I was wondering why there are still some investors complaining about their massive losses lol.
Anyway, we are all aware of this basic strategy, but it's just inevitable not to think and worry about when the price starts to decline continuously, like how the market is currently reacting today. This is where the weak hands losses their patience as well as their invested money.
Its never been an easy thing to be done, it might be so basic as it sounds but actually doing it is the hardest part as a trader.
We wont able to know on when is the right spot to accumulate and when is the right time to sell off. Profitability will somewhat vary
or depend on how people or investors do react into their current position. Buy and hodl doesnt work from time to time and even
bitcoin wont really give out such guarantee.
We just cannot blame those people who are selling early, and we should never do so. But we should otherwise remind them to HOLD and to wait patiently. Seeing market prices fall, is indeed stressful, so in some way, we should understand such instances.
Yes, I have made my mind to buy some coins at this point of time. Crypto is giving again an opportunity to buy the dip and make some money when the price increases, big whales have already started to buy coins from the panic sellers and they will make some big profits if the market go high. So guys keep in mind and plan accordingly.
Choose only those coins in which you have a feeling of a price increase in the future and avoid investing to any crypto that you would see. More likely, quality over quantity - kind of mindset.
