What type of investor are you?

[Yorubek]

This is where many get it wrong , going into bitcoins with the mindset of getting  rich quick, that is why many sell once that opportunity comes out , and at the end they will be at lost, the best thing is to go into bitcoins investment with a long term mindset, and not been greedy to accumulate wealth with the small  time one has, but with whatever you have accumulating little by little at the end you will be amazing at what you have achieve , it’s best to work on mindset rather than the volatile nature of the market .

Investing with a short-term plan increases the chances of losing money compared to making money. Bitcoin is a long-term asset, so if you want to make money from Bitcoin by investing, you need to have a long-term investment mentality. In addition it is important to have prudent money and keep a emergency fund. When an investor with the right knowledge and a long-term plan, consistently buy small amounts of Bitcoin and does not get disappointed during market volatility, buy and holds Bitcoin with confidence and wait for better times in the future, he can expect long-term profits from Bitcoin in the future. Bitcoin volatile price fluctuates very quickly, so it cannot be said for confirm that the investment will yield big profits.

[Out of mind]

There are many types of investors, some people plan for the long term, while many others sell their Bitcoins in a short time. The only successful investors are those who buy when the price of Bitcoin starts to fall and start accumulating Bitcoins in their wallets. Basically, those who plan to invest in Bitcoins with discipline and confidence in their own experience can go towards success in the future. Basically, the market falls many times and seeing this change, there are some investors who get scared and sell their Bitcoins at a loss, thinking that the market may go lower and they face losses. But basically, when the Bitcoin market falls, you should buy and we should keep these things in mind that if Bitcoin falls, it will recover again. Those who are afraid of seeing the price fall are not real investors, basically, those are the real investors who can hold for the long term and plan for the future without selling their investments.

[Queen uloma]

Volatility no be d real problem for bitcoin, na lack of understanding and poor expectation be d problem.
Many people Dey enter bitcoin market becos say dem won make quick money, which e no suppose Dey like that.
For me, before anybody go invest for bitcoin, the person suppose get understanding of Waiten dem Dey invest on before e put e money. Bitcoin Dey volatile right from time na y e fit attract opportunity and risk.
So any body way Dey invest without understanding dis reality fit  make them end up struggling with emotion wen d market falls. Bitcoin investment no be only for profit making. na about patience, knowledge, emotional control and to get clear longterm strategy. People who understand all this things no go ever panic wen d market no Dey stable.

[Fivestar4everMVP]

This led me to asking this very critical question what type of a investor are you, do you always panic and sell off your assets in reacting to a Market change or are you a Fair whether investor or you believe in the long term property of Bitcoin. I want to say that when ever someone wants to invest in Bitcoin the very question that should be asked first is an I going into Bitcoin out of convictions or is just going into Bitcoin for a quick opportunity of making money due to a change in price by going into the market and leaving when the price of Bitcoin appreciates.

The truth of this matter is that any body can simply and freely choose the type of investor they want to be, what is most important here to consider is if whatever strategies implored to be used in investing in bitcoin is actually working for the investor, people are free to move their money any how they want, I can (for example) invest in bitcoin today and tomorrow, I find a better opportunity, it is not out of place to decide to withdraw the money I initially invested in bitcoin and put it in that other opportunity I found, in the end, what matters most is that money is or was made.

But again on the other hand, every investor should try as much as possible to be more focused in the long term investments as this is the type that pays the highest when it comes to bitcoin investments.
With how high and expensive the price of bitcoin have become, 2x in the short term is almost like impossible, but it quite possible and even more in the long term.

[Yeesha]

Volatility no be d real problem for bitcoin, na lack of understanding and poor expectation be d problem.
Many people Dey enter bitcoin market becos say dem won make quick money, which e no suppose Dey like that.
For me, before anybody go invest for bitcoin, the person suppose get understanding of Waiten dem Dey invest on before e put e money. Bitcoin Dey volatile right from time na y e fit attract opportunity and risk.
So any body way Dey invest without understanding dis reality fit  make them end up struggling with emotion wen d market falls. Bitcoin investment no be only for profit making. na about patience, knowledge, emotional control and to get clear longterm strategy. People who understand all this things no go ever panic wen d market no Dey stable.

Exactly, volatility is not the actual problem of bitcoin, lack of preparation, knowledge and understanding is the actual problem of an investor in bitcoin investment. Because if the investor is knowledgeable he will have to the ability to adapt to the modern challenges that occurs in the market, and he or she will also know when to sell and when not to. Knowledgeable person will not panic even if the price of bitcoin decreased or reduced rather they will wait for the right time to sell. Being emotional can easily motivate an investor to make decisions which they don't suppose to take, it is very essential for an investor to composed himself and focus on emotional regulation.

[Xackie]

I invest in Bitcoin because of conviction not because I want to chase profit. My focus is on long term gains. people who doesn't want or fear to invest in Bitcoin shouldn't be forced, it's their choice. Alot of people don't have patience, they want fast results which makes them sell too quickly or another case is if they fear or panic, they make decisions based on what their emotions tells them. 
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Volatility in Bitcoin is normal and that what makes it rise and fall, it cannot be stable. People who want to take advantage of this volatility in short term period are traders who often see lots of losses. Investing in Bitcoin shouldn't be something that will give us headaches. That's you must have strong conviction in it before you invest, if you see as a quick money scheme then you will surely react and panic to every market moves. Invest what you can afford to lose not beyond your capacity, have patience, be disciplined enough. If you can do that, then you will surely see the rewards of your investments.
 
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[Qhunman]

Exactly, volatility is not the actual problem of bitcoin, lack of preparation, knowledge and understanding is the actual problem of an investor in bitcoin investment. Because if the investor is knowledgeable he will have to the ability to adapt to the modern challenges that occurs in the market, and he or she will also know when to sell and when not to. Knowledgeable person will not panic even if the price of bitcoin decreased or reduced rather they will wait for the right time to sell. Being emotional can easily motivate an investor to make decisions which they don't suppose to take, it is very essential for an investor to composed himself and focus on emotional regulation.

Violatility shouldn't be a problem for an investor who literally understand the way bitcoin works. Bitcoin violatility is it's nature, therefore price fluctuations should be a normal occurrenceand which shouldn't cause an investor to panic sell. An investor who panic sell during price fluctuations is because they don't understand the way bitcoin work or they don't have the  basic knowledge why is why am investor should understand bitcoin before investing in it. However, the right time when an investor should sell his bitcoin investment should be when they have reach their investment goals. They can take profits as they like but selling before   reaching their target is gambling.

[Cgrexp]

Volatility no be d real problem for bitcoin, na lack of understanding and poor expectation be d problem.
Many people Dey enter bitcoin market becos say dem won make quick money, which e no suppose Dey like that.
For me, before anybody go invest for bitcoin, the person suppose get understanding of Waiten dem Dey invest on before e put e money. Bitcoin Dey volatile right from time na y e fit attract opportunity and risk.
So any body way Dey invest without understanding dis reality fit  make them end up struggling with emotion wen d market falls. Bitcoin investment no be only for profit making. na about patience, knowledge, emotional control and to get clear longterm strategy. People who understand all this things no go ever panic wen d market no Dey stable.

Exactly, volatility is not the actual problem of bitcoin, lack of preparation, knowledge and understanding is the actual problem of an investor in bitcoin investment. Because if the investor is knowledgeable he will have to the ability to adapt to the modern challenges that occurs in the market, and he or she will also know when to sell and when not to. Knowledgeable person will not panic even if the price of bitcoin decreased or reduced rather they will wait for the right time to sell. Being emotional can easily motivate an investor to make decisions which they don't suppose to take, it is very essential for an investor to composed himself and focus on emotional regulation.

If there is proper preparation, one can successfully maintain investment despite market ups and downs. However, if there is no preparation to deal with it, there is a possibility of being affected by emotional decisions and getting hurt. However, knowledge alone does not cover all situations. Suppose an investor has knowledge about emergency funds, but despite knowing this, if he does not take action, he may have to break the investment in unexpected situations. Again, if someone decides to trade, it is not guaranteed that even being knowledgeable will always be able to make the right guess because even many experienced traders cannot maintain regular profits. Basic knowledge, patience and controlling emotions are important in investing, but along with this, it is important to have realistic expectations, risk management and make decisions according to one's own capabilities.

[riscohen4]

I am a long-term holder. More like a DCA kings builder. Volatility is a risk. But only a few think it's normal. Because it  actually is. All currencies are volatile. But some possess little to no volatility. But when you position yourself as a long term holder. Volatility doesn't scare you.

Most people, when the price drops, all they do is panic sell. Such a childish behaviour.

[Tetu100]

As a matter of fact everyone must not invest for long term even though we are ask to invest for Long term yet some Investors would want to decide for themselves and surely we have every right to decide either to hold for long term or the short term and no one is going to query you for that because it's your one personal decision.

Yes you are right, everybody is in title of his or her decision in regard on how to choose in handling their investment plan. But despite our freedom of choice in our respective investment journey it is still good we hold for long because that is safest and  what can actually get us covered even in future. However, i know economy is presently hard but that shouldn't be enough reason for we to jeopardize what would have given us with that of our children a more better and a secured future ahead. Thus, the main milk and honey in bitcoin investment is when you are able to hold strong for about 5-10 years time otherwise every other short terms gain are peanut that will only fix today and risk facing hard time in future.

[Lenubari]

This is where many get it wrong , going into bitcoins with the mindset of getting  rich quick, that is why many sell once that opportunity comes out , and at the end they will be at lost, the best thing is to go into bitcoins investment with a long term mindset, and not been greedy to accumulate wealth with the small  time one has, but with whatever you have accumulating little by little at the end you will be amazing at what you have achieve , it’s best to work on mindset rather than the volatile nature of the market .

Exactly. Most people fail in Bitcoin because they treat it like a shortcut to instant wealth instead of a long-term investment. Patience, discipline, and consistency matter more than trying to time every pump in the market. Those who keep accumulating gradually without greed usually end up benefiting the most over time. Mindset is truly more important than market volatility.

In general, Bitcoin have come to stay and there's absolutely no going back. The best investors will always come out counting good figures they made from Bitcoin while those that are ignorant will always end up complaining about the heavy losses they face, that's how Bitcoin operates.

[liasbaa]

I am a long-term holder. More like a DCA kings builder. Volatility is a risk. But only a few think it's normal. Because it  actually is. All currencies are volatile. But some possess little to no volatility. But when you position yourself as a long term holder. Volatility doesn't scare you.

Most people, when the price drops, all they do is panic sell. Such a childish behaviour.

If the value of the coin you have purchased decreases, it can cause emotional instability. The main reason for this instability is the risk of losing funds. Because losses can cause family instability and may hinder the fulfillment of basic needs. Invest in Bitcoin with an amount of funds that you have the ability to invest in the long term. Accumulating Bitcoin through discretionary income is the best investment strategy because you accumulate Bitcoin from the amount of funds that will be available to you after meeting daily expenses.

With the proper implementation of the DCA strategy, you will not experience instability during periods of decline or growth because you are investing through discretionary income. This strategy will not make you panic in investing because Bitcoin accumulation is possible regardless of the price.

[PremiumcryptoHub]

This is where many get it wrong , going into bitcoins with the mindset of getting  rich quick, that is why many sell once that opportunity comes out , and at the end they will be at lost, the best thing is to go into bitcoins investment with a long term mindset, and not been greedy to accumulate wealth with the small  time one has, but with whatever you have accumulating little by little at the end you will be amazing at what you have achieve , it’s best to work on mindset rather than the volatile nature of the market .

It is absolutely true that one should not invest with a get rich quick mentality, I saw a post on our local board that a person invested in a fake website hoping to earn 3,000 naira per day and the scammers promised him that if he invested in Bitcoin he would be able to earn that much money per day. So, one should try to understand that it is not possible to make money from BTC investment in a very short time, if one is patient and consistent and has a long-term mindset, it is possible to earn naira from investment. To my knowledge all that is needed is discretionary income and avoiding the fake path i.e. the traps set by scammers, as a result of which it will be possible to own a lot of Bitcoin at one time by investing in Bitcoin little by little.