Topic: No panic while holding my Bitcoin - page 5. (Read 996 times)

Only those without adequate knowledge will panic at this point and as the ops stated,  I think he would have built adequate knowledge that will help in making the right decision at the right time and also eliminate panic from the mind and this is why we constantly advice newbie to first of all build knowledge first before anything to be able to stand against any market obstacles that may arise along the way.

The most important lesson is to have long-term investment goals that way you are kept away from the daily price movement and less funds.

You have learned a lot about Bitcoin and I hope you will do well as a Bitcoin investor. Everyone in a panic with the Bitcoin price going up and down. But there is really nothing to panic about Bitcoin, we know that Bitcoin keeps giving us surprises.  Although we are in a bear market right now or maybe everyone is acting confused because of this, we will soon reach a bull market. You said well when money fails, knowledge can save you. Because a wise person never panics, it will increase in value again shortly.

For now even though I am in this kind of environment it can be said that I am just stepping in and cannot be compared to some who have been in bitcoin for a very long time but in this case what I see is that as you said, waiting is the most reasonable thing for now. I felt bitcoin for ATH even 2 times there and I also felt bitcoin crash and until now I feel that and I can say for my previous few years of portopolio it seems that it still hasn't returned. But being grateful is something that still has to be done so that I can buy bitcoin even from the price of $15k which I never got before and of course it's a blessing.
There is nothing stopping me now from continuing to be in bitcoin and indeed this is something that I am waiting for by continuing to survive I will be sure of my choice for the next few years it will get better.

Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time.
This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.

Knowledge is very important and is what we need first before getting into any business or investment because it is what will lead someone to success. In the cryptocurrency industry, some investors become panicky because they don't have appropriate knowledge of what they invested in. Especially newbies, a lot of them don't take much time to study well, which is why many of them end up selling their Bitcoin investments whenever they see bad reactions to the price of Bitcoin.
 
When a person is well-informed about the investments they are making, particularly in Bitcoin, they are less likely to panic since they will always feel confident in their Bitcoin choices.To be knowledgeable about cryptocurrency investment, it will take someone time because it also required experience to understand the Bitcoin market.

Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.

Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time. This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.

now what happens, more people don't understand the events of the Binance and SEC dispute, and many misunderstand and speculate as if Binance has been banned worldwide. this has a direct effect on crypto prices and see now the price crash and even altcoins are even worse

Binance Global was not affected and since the SEC disrupted binance a lot of FUD has spread wildly and uncontrollably so that Binance's credibility has decreased slightly. Is this a manipulation by whales to make Bitcoin prices cheaper ahead of the Halving?

But looking at history May and June are bearish months and it's happening again right now.

Hello everyone, i just want to share my thought here as a newbie, i bought my first bitcoin two weeks back, after spending the first month studying and reading everything as relate to Bitcoin, the time spent on learning and gathering knowledge have started to pay off for me during this period were the price of bitcoin have nosedive greatly.
Let me explain what i mean in details.
First before i bought my first bitcoin, i first of all build a good understand of the market and how bitcoin volatility works, and also learned about the effect of external forces in determining the price of Bitcoin  such as exchange crisis and other governmental policies that can have short time effect on bitcoin.
Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time.
This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.
Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.

_SNIP_

Personally, I would like to encourage you that even if you have a loss in your investment journey, it is necessary to immediately acknowledge that problem as to where you have gone wrong so that things do not go as expected.

Hello everyone, i just want to share my thought here as a newbie, i bought my first bitcoin two weeks back, after spending the first month studying and reading everything as relate to Bitcoin, the time spent on learning and gathering knowledge have started to pay off for me during this period were the price of bitcoin have nosedive greatly.
Let me explain what i mean in details.
First before i bought my first bitcoin, i first of all build a good understand of the market and how bitcoin volatility works, and also learned about the effect of external forces in determining the price of Bitcoin  such as exchange crisis and other governmental policies that can have short time effect on bitcoin.
Secondly i have learned never to panic during any crisis time or when the bitcoin price drop significantly because in the near future it will increase in value again, and also to hold an amount i can afford to look away from for a long time.
This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.
Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.

Knowledge is very important and is what we need first before getting into any business or investment because it is what will lead someone to success. In the cryptocurrency industry, some investors become panicky because they don't have appropriate knowledge of what they invested in. Especially newbies, a lot of them don't take much time to study well, which is why many of them end up selling their Bitcoin investments whenever they see bad reactions to the price of Bitcoin.
 
When a person is well-informed about the investments they are making, particularly in Bitcoin, they are less likely to panic since they will always feel confident in their Bitcoin choices.To be knowledgeable about cryptocurrency investment, it will take someone time because it also required experience to understand the Bitcoin market.