Why Patience Often Beats Action in Bitcoin.

[L E G E N D A R Y]

Yeah, it's not easy if you already have money to invest, but it is still better to learn first before investing instead of investing before learning. If you don't learn before investing, you will lose that money you invested and still might not learn because you might consider it a waste of money.
Bitcoin is not something that requires a year to know the basics. Within a week or at most a month, you can read all you need to know and understand the basics. Before going into any investment, it's best to know what you're going into. It's not just Bitcoin.The same people don't put money into business they don't understand, it's the same way they shouldn't put money into an investment they don't understand. At least they should know the basic.

Normally, it will be of so much help if one learns before they think of investing because, it will help them to understand the market and the risks involved, also it will help them to know that investing in Bitcoin doesn't guaranteed them quick money, which they will have to apply patience, effort or hardwork and consistent, which can help them to avoid caught up in FOMO.







You learn more from failure than from success. Don’t let it stop you. Failure builds character.
—Unknown

[liasbaa]

So what about you guys what do you think from your own perspectives?

Secondly Have you guys ever gained more by waiting than by acting too quickly in Bitcoin?

It is necessary to create a favourable position. I give more importance to this issue in the field of investment. You need to be financially risk-free, which means that you should not make investment decisions quickly. Do not buy unnecessarily in the hope of high profits without analyzing the market. There are many reasons for the fall in prices in the market, among which geopolitics and the global economy have a large impact on the market.

To keep your investment profitable, you need to consider your personal stable situation because price volatility can make some investors unstable, resulting in investment fear and increasing the tendency to sell at a loss. Just as stability is necessary be aware of which investment level is considered of risky.

[RockBell]

Before a bitcoin investor decides not to act in any situations concerning the market, it means that he is knowledgeable enough to know the signs he might be waiting for before diving in, you don't waiting in ignorance, because once you are ignorant, you wouldn't even wait. So seeking knowledge should be the best thing a beginner should be doing for himself if he is not buying and accumulating than doing nothing in ignorance, because if he stays ignorant, he will still act wrongly when he finally decides to venture into the market, so knowledge is key, that's why a new investor must go for it first, before anything else.

I don't even see the reason why some people will invest in bitcoin without having the right knowledge because when you have the right knowledge the market won't even be a problem to you because you already know that the market can be affected by anything so the market is not always predictable so as a professional you already know that things can change between seconds so it's only ignorant people that will worry about the condition of the market and that is why they tell beginners to seek knowledge first and also observe how the market works before they even start investing so that nothing will be strange.

And it will only be good for those that already have the intention of holding because when you have the intention of holding that is when all this things,  because if you are trading you don't actually need all this things,  so people that have business with this are does that are holding because they would have been following the same footsteps so everyone have a way of doing there things.

[Silverstonez]

Yes you're totally right man. Always stressing yourself trying to do something all the time is never a good idea, I've been there too, Once I realized that I didn't have to react to every movement in the market, it cleared my mind to focus on the more important decisions. Not panicking is always better. The market is unpredictable and it will do whatever it wants. Making a mistake out of fear is so easy, sometimes doing nothing is just the best option and just waiting to see what will happens is the best thing to do. Once I realized that I don't have to do anything and and just wait, it helped a lot. A good mindset is so important and having a plan is what will get you there.