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Author Topic: Fear Due to Price Drop  (Read 913 times)
Antotena
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April 12, 2025, 05:52:58 PM
Merited by Stable090 (2), Chilwell (1)
 #141

And another thing that intensifies such fear in them is when they prioritize investment over their important needs, since all they are looking for is to maximize short term profit they don't mind investing in such a way they will began to struggle to sort out their basic needs and when they see the price drops they become terrified and some will end up selling at lost to sort out bills, there wouldn't be any fear is long term is the objective and one is investing from his or her discretionary income.

Investment with the urge to use the profit to enable your bills is one of the worst ways of buying Bitcoin because you are going to be emotional throughout your journey, the emotions will always precede judgment of your investment especially when you think how the money you have loss could help you make pay the bills you have, that can trigger you to sell at loss and not having interest anymore and when Bitcoin later pump, you wish you never sell in the first place.

The best way to enjoy Bitcoin is by not putting much of what you need at that time, invest the money you don't need at that particular time, like something you know you will need in the future, it will be a motivation for you to hold no matter the market circumstances and what the market hold later in the future. You might not even change your mind to continue to hold by the time you see Bitcoin in new prices, that's the spirit of Bitcoin investment for long-term.

R


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