Balancing Financial security and Bitcoin Accumulation

[Olatundespo]

Every one literally pass through that phase of being a newbie that don’t understand how bitcoin work or the crypto space in a whole .

The truth is that the only way you can under how it work is when you start accumulating, which will encourage you to want to learn more about what you are investing on .

Investing in bitcoin is not easy at all , cause not everyone can stand seeing their asset value depreciating in their wallet . It seems challenging ngl , especially when I was newbie then I usually sell in loss and run thinking I have cut losses (not knowing that’s when I actually made losses ).

Selling now is not smart because you are only going to sell in loss even those that started investing  late last year will still be in losses now , imagine those that brought at price of $120k.

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy. If you start the process of accumulation, it is more difficult to keep it consistent because the market is full of uncertainty. The price fluctuates and the size of your portfolio will fluctuate with the price.

For a new investor the fluctuation of the price of Bitcoin is more frightening because they do not want to see themselves at the risk of losing money because they have less patience. In a literal sense an investor can fulfill his investment expectations if he is patient and accumulate Bitcoin regularly.

During periods of price decline when the portfolio becomes more unhealthy, it is more important for that investor to be consistent because that is the time for you to get bigger your Bitcoin holdings even more.

[Proty]

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

[Joeboy]

It is natural for beginners to panic, because they did not believe in Bitcoin enough in the beginning, and that is why they panic at the sight of a little volatility. If they had the right idea and faith about Bitcoin, then they would definitely avoid volatility, but if the price of Bitcoin decreases due to volatility, they would try to buy more. Because a real investor believes that after the fall, Bitcoin will return to an upward trend, and in that upward trend, Bitcoin has the possibility of creating new highs. Therefore, a beginner should first try to understand these things, because it is necessary to have the right idea, otherwise starting completely ignorantly leads to a tendency to make wrong decisions, which can ultimately lead to failure.

What do you mean by- avoid volatility?  I hope you know that Volatility is one of the very central feature of Bitcoin and it is not something that folks can avoid even if they try to... That is why it is best that folks even the newbies always accept this volatility and invest with the mindset that it is real and cannot be avoid... And if anyone is afraid of volatility, then they should very well invest using the amount of discretionary income that they can afford to use.. And with time, experience will teach them that volatility is not something to be scared of, since Bitcoin even with its volatility has done incredibly well in the past by hitting new ATH..

Those who have started with Bitcoin will understand that investing in Bitcoin is not easy.

I don't think if there is anything difficult in starting investing in bitcoin provided the discretionary income is there . Some people may think that they need to know everything about investing in bitcoin, therefore they view bitcoin investment to be a difficult something. To me I don't see anything that is difficult there,  basic knowledge and and discretionary income then you are good to go . Then every other thing will follow suit as you continue with your bitcoin investment.

Sure Bitcoin doesn't need folks to learn about all it's technical part before they can start investing.   Once they have their Discretionary income is available, they can very well kickstart they journey and figure out the rest later... Rather than staying idle, it is infact easier to learn more while already involved with your consistent accumulation..