What type of investor are you?

[PremiumcryptoHub]

Bitcoin is all about taking the risk, because aside bitcoin; every investment you make also involves risk. Investors who panic sell when the price of bitcoin drops are not real investors, they are scalp traders who trade on little bitcoin movement to make profits.

Investors are for the long term and not those who fear for the slightest change in bitcoin's price. You would not expect to be in profits throughout bitcoin's run, there are good days and bad days. To stay consistent,  focus more on the future than the present price.

This is a common saying because any investment has risks, but you are right that those in this local bord who panic and sell their investments at the slightest opportunity are scalp traders because their aim is to try to earn returns from Bitcoin investments on small fluctuations. I have seen many nigerian traders who initially buy BTC for investment purposes and later sell it after the price of Bitcoin reaches a certain level. So it can be said that they are not investors who are afraid of even the slightest change in Bitcoin.

Anyway if new investors in this country can divide their income into a few percentages, then perhaps they can easily convert from traders to investors because it will be an easy matter to generate discretionary income, which is what is needed to invest in BTC.

[Stepstowealth]

It would depend on the kind of mindset your have financially. Most people before they come into the crypto market might have had experience in one or two places, where they had to deal with losses. I believe these set of people would be very good in holding their coins even when the market seems to be very volatile and uncertain.. some new investors are drawing into BTC investment because of the profits they heard others made from it. They don't have any experience with risking before and they would be the set of people to cry once they begin to see the market go against them. It's not always as simple as we imagine..there will be times when you may want to give up and try something else, but if you have a good investment plan and the right mindset, the market volatility would not affect your actions..

I agree with  you on the area that, it is mostly the newbie investors that mostly panic sell when the market is against them and in most cases, I dont even want to send down all the blames to the investor even though the investors was meant to have done their proper research or findings before hopping into the market but rather I will also send some share of the blames to the sources those newbies investors got their informations especially when it's from physical person and this is because, in previous times even till now, most people who try to introduce others to the industry forget to always mention the pert of volatility to them and most times dont even tell then to do their own research,

I will not blame the source where the information comes from because it should be your personal duty and responsibility to always verify information you get either from individuals who you call your friends or online influencers who you do not know. Everybody has a motivation for sharing information and sometimes a source may not mind sharing the wrong information or poor information to use long as it benefits them. So it is a personal responsibility and the blame is on you if you fail to do your research to know if this particular investor or influencer that you're following taking advice from is one that has built a strong emotional base that does not just respond to market conditions fearfully with doubts or uncertainty.

[xiamin]

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.

If you don't know much about Bitcoin, you won't have a good perception of this currency because you have only heard that the price of Bitcoin is volatile and has no fixed price breaker. If you see a huge drop in the price of Bitcoin today, would you want to panic sell it? This is not at all appropriate because the price of Bitcoin will definitely recover in the future. There have been huge drops in the price in the past but that correction period was temporary and soon recovered.

In response to your question - I am a long term Bitcoin investor and regularly accumulate Bitcoin regardless of the price using the DCA strategy.

I get scared in the market price situation but I am confident that the price of Bitcoin will rise again and break the previous ATH. By staying in the DCA strategy through discretionary income I don't get too scared during the price drop or rise because I have a long term Bitcoin holding target.

[fredericktaylor]

I agree with  you on the area that, it is mostly the newbie investors that mostly panic sell when the market is against them and in most cases, I dont even want to send down all the blames to the investor even though the investors was meant to have done their proper research or findings before hopping into the market but

Looking for a genuine source is usually the problem most newbie investors face. Right now we have many countless number of fake investors showcasing life styles that they cannot afford just so they will be able to lure people to ask questions on how they do it. Doing research helps a lot, that's why we keep singing with it that's as a newbie, you should try your best to get familiar with what you are putting your money into, before you do. The knowledge doesn't only helps you understand but keeps you intact during times where the market seems to be losing its grip. That way you alo don't lose your grip and make decisions that will affect the future of your investment. You only stick to your plan..

I agree with you, before starting an investment, it is better to first gain good knowledge about the subject and then make an investment decision. There are many new investors who invest without knowing or understanding anything about where they are investing, only hoping to make quick money, as a result of which they are being cheated. New investors fall into the trap of fraudsters without being aware of themselves and due to greed. New investors only think about making money and do not think about the loss and their greed is responsible for this. Before starting an investment somewhere, it is better to take time and research it thoroughly and use the money that you can afford to lose without using the necessary money.

[Plutomanian]

I agree with you, before starting an investment, it is better to first gain good knowledge about the subject and then make an investment decision. There are many new investors who invest without knowing or understanding anything about where they are investing, only hoping to make quick money, as a result of which they are being cheated. New investors fall into the trap of fraudsters without being aware of themselves and due to greed. New investors only think about making money and do not think about the loss and their greed is responsible for this. Before starting an investment somewhere, it is better to take time and research it thoroughly and use the money that you can afford to lose without using the necessary money.

I trade carefully because things have blown out of proportion in the system, gone are those days where you can trade carefully without any fear but as time goes on, the market become populated with traffic and introduction of scams enters the market. These scammers are the villains and they're able and capable of scamming us from our hard earn money made from trading and investment, I'm not ready for that drama.

Knowledge is power and without it, most people wouldn't be able to handle the pressure they comes with trading and other stuffs. It's always recommendeable to know the basis of the market before diving all in because the market have been really a space where losses and profits are made and in everything you do, always ensure you're on the winning side because none of us would afford to record losses especially on a streak, definitely not going to happen.

[Agathamay]

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I will not blame the source where the information comes from because it should be your personal duty and responsibility to always verify information you get either from individuals who you call your friends or online influencers who you do not know. Everybody has a motivation for sharing information and sometimes a source may not mind sharing the wrong information or poor information to use long as it benefits them. So it is a personal responsibility and the blame is on you if you fail to do your research to know if this particular investor or influencer that you're following taking advice from is one that has built a strong emotional base that does not just respond to market conditions fearfully with doubts or uncertainty.

Calm mate and don't forget we are talking about newbies and just be realistic and go back to time when you started your journey and also see that not all information you got was really verified as some were acted on without verification and also understand tha, no one is supposed to be responsible for the result of our coin but there are some individuals that when telling you about these things, would just be telling you to buy especially when the market start rising again and maybe at first things goes today and along the line, it starts dropping again and such newbie holders would alway panic sell after they bought out of FOMO.

[Agathamay]

I agree with  you on the area that, it is mostly the newbie investors that mostly panic sell when the market is against them and in most cases, I dont even want to send down all the blames to the investor even though the investors was meant to have done their proper research or findings before hopping into the market but

Edited out

I agree with you, before starting an investment, it is better to first gain good knowledge about the subject and then make an investment decision. There are many new investors who invest without knowing or understanding anything about where they are investing, only hoping to make quick money, as a result of which they are being cheated. New investors fall into the trap of fraudsters without being aware of themselves and due to greed. New investors only think about making money and do not think about the loss and their greed is responsible for this. Before starting an investment somewhere, it is better to take time and research it thoroughly and use the money that you can afford to lose without using the necessary money.

Newbies are alway vulnerable and easy prey target for scammers and no matter how much the idea of doing personal research is been preached, we will definitely still have people who  wouldn't do it.
I didn't actually want to talk about this story over here but I think I will since it is a perfect illustration of what I'm talking about. I came across a heated fight and verbal abuse and when I asked around about what was going on, I was told that, someone was introduced to cryptocurrency and he lost his money after been guaranteed by his friend and I later discovered that, the friend who introduced the one who invested didn't even have any holdings and that's how funny the story was because how will you teach someone something you don't have a good practical knowledge about? And that is why, I also said that, the sources of information also plays a key role in our crypto journey.