Luck is crucial for investors. Remember to buy at the lowest price to avoid losses. Bitcoin carries the risk of falling prices, and when saturation occurs on the exchange, Bitcoin will slowly decline. As I observe, when the price drops, Bitcoin rarely reaches its peak during a downtrend. It takes time for Bitcoin to rise again to its highest peak. When Bitcoin drops, it tends to fall again.
Absolutely true. Investing in Bitcoin requires patience and luck is also a key factor. To be consistent we must understand that as you said, Bitcoin will take a long time to reach a new ATH when it experiences a downturn.
However Bitcoin has a halving cycle that allows it to reach another ATH. Understanding this information about Bitcoin will also help us maintain our patience. What I mean is that in investing patience alone is not enough you need knowledge and a thorough study of Bitcoin so you can identify the right moment to profit.
Patience is very important, because when we invest we have to hold for an indefinite period of time and it may be a very long time. But patience is not enough because we also have to be knowledgeable and also continue to develop ourselves by continuing to learn.
Regarding luck, I think luck will come when we are ready for it to come. I mean when we have the knowledge and skills and then experience, then the luck will come to us.
