Bitcoin investing is not for the weak minded people.

[Shinpako09]

Those are the people who think earning money in the crypto space is easy. They are probably blinded by those traders or screenshots showing huge gains. Also, they are usually the ones with limited money to invest, so they get scared once the price drops below their buying point, which results in them having weak hands. They think that once they invest, they will make money right away.

Those are the people who have little knowledge about crypto and how it works. Sometimes they are also the ones who buy during a pump. They wait for the pump before buying because they are afraid the price will crash. Not realizing that they should be buying during the dump instead. But if you've been in the market for years, you'll understand that crashes are normal, especially during a bear market.

[Itz-prisigold]

What is your take on this?

I can see the point about the emotional impact of investing in bitcoin, due to its volatility.  But I don't think that everyone who sells he's or her coins during when market price is crashing is weak minded though. Other people sell due to financial changes, the need for cash or they realised that they were taking more risks than they could afford.

The only lesson that everyone who is investing in Bitcoin should know that there's always going to be a lot of volatility in the market. The only reason that will make it hard for you to stay calm when the markets price is going down,  is when you actually invested money that you can't leave untouched for years.

[Pandorak]

What is your take on this?

It is precisely at moments like these that our mental fortitude as investors is put to the test, and this is also where knowledge becomes crucial, an investor must not only have the capital to invest but must also be able to thoroughly understand the assets they intend to purchase.

Perhaps all you need to get started is a basic understanding of Bitcoin, but afterward, you must continue learning so that you can grasp and understand why you should hold onto Bitcoin. With this knowledge, you’ll surely realize that Bitcoin cycle includes what’s known as a bear market, a period where prices gradually decline to a certain level, but this won’t last forever, there will come a time when Bitcoin will rise again to reach even higher prices. When that happens, you’ll feel more at ease, confident that in the future, Bitcoin will reward those who are patient.

[ColdLava40]

What is your take on this?

Not as easy as it sounds, our emotions sometimes could get the better of us, as long as taking risk is involved.

Staying calm when the crowd are taking actions, remaining patient when you feel like doing something are some most difficult actions every investor must avoid.

Weak mindset only distracts you from your goals. You ought to establish a mindset that would be strong enough to handle the market. Some people listen too much to the noises, that's why they make mistakes of selling a premature investment.

[Akbarkoe]

That's right, investing in Bitcoin is not for the weak minded people. I have been exposed to such price drops dozens of times during my long journey with Bitcoin, and each time Bitcoin came back stronger and stronger than before.

Early Bitcoin investors may have had a reason to be afraid because Bitcoin was not well known at that time. Today, however, there is no reason for these new investors to take a quick look at Bitcoin's history and they will find only one upward trend, so they have no reason to be afraid and sell at a loss.

For beginners there must be fear that is not strange in investing, many of us have long had a bad mentality in investing, a weak mentality is an obstacle for those who cannot invest long-term in bitcoin.
 
Yes, for those of us who have been studying for a long time, we will certainly understand how the polarization of the bitcoin price about fluctuations, but for some people who don't understand it, it remains a scary thing to enter.
 
Studying bitcoin not only technically remains about adoption and price increases and also future expectations can be something of knowledge to strengthen our mentality in investing, because mentality is built on experience and knowledge and only then is a strong belief born.

[rbynxx]

What is your take on this?

Not as easy as it sounds, our emotions sometimes could get the better of us, as long as taking risk is involved.

Staying calm when the crowd are taking actions, remaining patient when you feel like doing something are some most difficult actions every investor must avoid.

Weak mindset only distracts you from your goals. You ought to establish a mindset that would be strong enough to handle the market. Some people listen too much to the noises, that's why they make mistakes of selling a premature investment.

Definitely. It will twist out beliefs once our emotions are in the way. If you're really investing, you should have taken some really deep research on the coin to your liking rather than just following the crowd, if that's someone's mindset that's blind investing and the market will punish you without you taking notice on it. After all, those who got convictions are the people that gets rewarded by the market, of course it depends on the project you invested to.

[Bitcoin_people]

Those who do not have confidence and have no faith in Bitcoin never dare to invest here. There are some people who take investment advice by looking at social media but it is completely useless, if they take investment advice from there after gaining experience, then it is wrong. We know that the Bitcoin market is volatile and there are risks in every place, in that case there are many people who cannot tolerate the bear market. Those who are less experienced get very nervous when they see the market fall and they finally plan to sell which causes them losses. Those who invest in Bitcoin can be rewarded, those who have more patience and can control themselves. Basically, if you invest in Bitcoin, you have to hold it for a long time, if you hold it for a short time, it will always be a risk of loss, that is why Bitcoin is a place for long-term planning, if you hold it with confidence, you can get rewards in the future.

[xzone]

Have you ever lost 90% of your investments overnight or within a few days? Investing in bitcoin isn't easy; yes, sometimes we can make a lot of profit, but you can lose your entire fortune in just a few days.

Nowadays, it's highly unlikely that bitcoin will experience such large and sharp drops. However, we've experienced similar things in the past, especially losing huge sums of money due to wrong altcoin investment choices.
If you make the right and safe investment, you will definitely make money in the long run. But most people can't manage this; we're in a psychological battle, and investing is truly very difficult