Stop overthinking Bitcoin, start small and stay calm.!!

[iBaba]

Naturally the price of Bitcoin fluctuate rapidly so short term trading will be dangerous and experienced investors always advise long term investment. It is necessary to look at the chart to analysis the market but you must be investment for the long term.

Of course, long term trading is the only option and the advise you could give, who ever want to experience a massive profit and stay at the pedestal of crypto industry are the long term viewers who aren't worried about today's outcome as well as result. They quickly understand the nature of Bitcoin growth and movement.

But it also comes with other things such as your patience and commitment and consistency. If you want to go into long term investment, you will need to be someone who’s very patient and willing to sacrifice the time, efforts and the resources over a very long period of time, like 5 to 7 years. This is when you will be able to benefit largely from the investment. Sometimes it depends on what you are outing as the investment capital and how frequent you are with the investment portfolio building and the performance of the coin during the season, it may take you less than that to meet up with your target.

Ultimately, you need to have a reasonable target and expectations. It is that expectation that will keep you motivated. It is not for you to expect something unrealistic though. You are meant to target something reasonable and keep working towards it.

[Dzwaafu11]

It's obvious that people sell when they notice that the price is going through a dip, they sell out of fear and they end up in losses. When you decide to invest in bitcoin fix your mind a long term investment and also have a target. The up and down movements shouldn't really take you off balance during this phase of holding. Like your topic says "stay calm" and have the mindset of an investor. Those who succeed in bitcoin investment don't hold for a short period of time because it's not really going to get you anywhere unless you are thinking of trading

You know the problem is many of this people that are selling their bitcoin out of fear and don’t mind loosing their money are those people who invested in bitcoin without any proper knowledge, and how the market moves. And I’m always surprise seeing such happening in the crypto space because why will you invest in something you didn’t know about, the best thing is to learn before investing.

But people ignore the fact that the investment also carried it own risk and anything can happen, apart from that you must settle for a long period of time, make sure you use the money you won’t boarder  or think of using in a short period of time and I think that’s the only way someone can make profit from his or her bitcoin investment.

[Stable090]

You know the problem is many of this people that are selling their bitcoin out of fear and don’t mind loosing their money are those people who invested in bitcoin without any proper knowledge, and how the market moves. And I’m always surprise seeing such happening in the crypto space because why will you invest in something you didn’t know about, the best thing is to learn before investing.

Some people are just so desperate to invest in bitcoin. Dem Dey hear say people Dey make money from bitcoin investment, and Dey wan make money also, most of dem no Dey even take there time to learn about bitcoin, dem go just jump into am and if dem see say there money Dey drop, dem go fear sell am even if dem go sell at loss.

If u really get better knowledge about bitcoin, then u no go rush go sell just because dip Dey market. If bitcoin go down, u suppose know say e go bounce back, just that u go need hold am with time d price go recover. If u check how bitcoin price don drop in d past, then nothing go even fear u now.

[Mr_Brilliant$]

It's obvious that people sell when they notice that the price is going through a dip, they sell out of fear and they end up in losses. When you decide to invest in bitcoin fix your mind a long term investment and also have a target. The up and down movements shouldn't really take you off balance during this phase of holding. Like your topic says "stay calm" and have the mindset of an investor. Those who succeed in bitcoin investment don't hold for a short period of time because it's not really going to get you anywhere unless you are thinking of trading

You know the problem is many of this people that are selling their bitcoin out of fear and don’t mind loosing their money are those people who invested in bitcoin without any proper knowledge, and how the market moves. And I’m always surprise seeing such happening in the crypto space because why will you invest in something you didn’t know about, the best thing is to learn before investing.

But people ignore the fact that the investment also carried it own risk and anything can happen, apart from that you must settle for a long period of time, make sure you use the money you won’t boarder  or think of using in a short period of time and I think that’s the only way someone can make profit from his or her bitcoin investment.

Yeah, and nor be even everybody wey sell out of fear nor get knowledge…. Even people wey sabi the market well well still dey panic sometimes, because most of dem dey end up using money were dey meant for another thing entirely for Bitcoin..

Yes e good to learn about investing oo, correct... But even with full knowledge, risk still dey. Bitcoin nor dey move only because you believe am, plenty things dey involved. So you gats handle am properly make e nor affect you later..

[Cleanshit]

It's obvious that people sell when they notice that the price is going through a dip, they sell out of fear and they end up in losses. When you decide to invest in bitcoin fix your mind a long term investment and also have a target. The up and down movements shouldn't really take you off balance during this phase of holding. Like your topic says "stay calm" and have the mindset of an investor. Those who succeed in bitcoin investment don't hold for a short period of time because it's not really going to get you anywhere unless you are thinking of trading

You know the problem is many of this people that are selling their bitcoin out of fear and don’t mind loosing their money are those people who invested in bitcoin without any proper knowledge, and how the market moves. And I’m always surprise seeing such happening in the crypto space because why will you invest in something you didn’t know about, the best thing is to learn before investing.

But people ignore the fact that the investment also carried it own risk and anything can happen, apart from that you must settle for a long period of time, make sure you use the money you won’t boarder  or think of using in a short period of time and I think that’s the only way someone can make profit from his or her bitcoin investment.

Well that why it been stated here all the time that when you are still finding your ground on the investment you need to take your time to have proper planning and learn too which is very much needed, it really such an amazing sad moment to see most investors like me to sell their bitcoin and it very much not needed to sell your bitcoin because of the dip for sure it still going to get back on it ground anytime soon.

[icebar]

There are some investors who are very worried about the negative aspects of Bitcoin before they start their Bitcoin investment. They are always worried about the price and when or if it may fall. In such a situation, the investor will definitely face serious losses. If you do not worry too much about Bitcoin and invest regularly and accumulate Bitcoin, then it is possible to make a lot of profit from Bitcoin. Those who worry too much about Bitcoin have very little chance of making a profit from their investment in the long term. It is better to start investing according to your ability and hold Bitcoin for the long term.

[Solodoski]

Nigeria economy don't favor those who are interested in bitcoin but a few. People over think before buying bitcoin because they are not yet financially stable to buy bitcoin and let go of it. Today they buy bitcoin the next day they tamper their investment due to challenges and quick need for urgent money. Nigerian investors fail to understand that there is a level to these thing. It is not only about the will, if it is will alone, I have more willingness to buy bitcoin with every penny i have. We need to consider that the economy leave us with no better option.

[Yeesha]

Nigeria economy don't favor those who are interested in bitcoin but a few. People over think before buying bitcoin because they are not yet financially stable to buy bitcoin and let go of it. Today they buy bitcoin the next day they tamper their investment due to challenges and quick need for urgent money. Nigerian investors fail to understand that there is a level to these thing. It is not only about the will, if it is will alone, I have more willingness to buy bitcoin with every penny i have. We need to consider that the economy leave us with no better option.

What you said is extremely right. Sincerely speaking, the way the economy is operating, it make so many people to lose their focus, and it is destroying the plans that they have for their future.

 In our economy today, a lot of people are not financially stable, but despite hard and difficult present, they still want to secure a better future, but the situation is not permitting them to do so. In as much as some people might like to invest in bitcoin, they won't be able to do so, and even if they did, they will temper with it, just because they are in need of it, in order to stabilise their lives and that of their loved ones. They have a lot of responsibilities on their shoulders, plus increase in the rates of inflation, children's school fees, electricity (Nepa) bills, shelter, clothing, food stuffs and so on, what some people earn is not enough for them to carry out all their responsibilities, talkless of having extra money to invest in bitcoin.