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

[Asiska02]

The point of view that an investor sees Bitcoin when it is dropping is different from how a trader sees it. Where a trader sees an opportunity to swing the market for a sell, an investor sees it as a point where they can get to add more Bitcoin to their portfolio. An investor benefits from the market when the market is on the uprise but a trader benefits from both direction when they predict well the direction of the market.

Bitcoin investment or trading are both important and if you know how to embrace them both for the future, you will make money from them. As an investor or trader have a target price to take profit from and don’t allow greed to overcome your targeted price when they reach to take profits. The market remains very volatile and until we take decisive actions in the market, we will only get to see profits but we won’t get to own them.

[Pandorak]

Psychology is one of the key factors in investing. An investor might sell their Bitcoin holdings at a loss because they can’t withstand the current price decline, fearing that prices will continue to fall and the value of their assets will keep decreasing. Some might think about selling now so they can buy back later at a lower price, but in reality, no one knows for sure when Bitcoin will hit its lowest price or what that price will be, because the lowest price could very well be the moment you sell your Bitcoin. Ultimately, we can only speculate and analyze the situation using our own individual methods.

Confidence can be what stops you from selling your Bitcoin during the current downturn. Instead of constantly watching your portfolio decline, it’s better to read frequently and delve deeper into Bitcoin to build that confidence. Often, those who sell at times like this are people who bought out of FOMO or who were hoping for a quick profit.

[Samlucky O]

It is obvious that there are some investors who always want the Bitcoin market to remain bullish all the time, and hate when the market is bearish, and Bitcoin is dipping in price. These type of investors cannot withstand the pressure of bitcoin bear market, the listen to the noise on social media, and act according to what the public is saying about bitcoin.

according to one of your post below, you addresed them to be a bitcoin gamblers and i see that as a perfect description, because there is no real bitcoin investor that will do such a thing. as a matter of fact all real bitcoin investor knows that bitcoin must go bearish after bull. so its only an ignorant or newbie investor will want bitcoin to be bullish always without going bear. this people came to invest because of the rumore they hear on social media.

any real investor will like to buy more bitcoin in the bear season and stack, hoping for increase of price in the near future, and however they must make profit in due time since bitcoin is a volatile asset.

[LogitechMouse]

It is obvious that there are some investors who always want the Bitcoin market to remain bullish all the time, and hate when the market is bearish, and Bitcoin is dipping in price. These type of investors cannot withstand the pressure of bitcoin bear market, the listen to the noise on social media, and act according to what the public is saying about bitcoin.

The only ones who has this kind of mindset are those newbies out there who only wants to see positive things to happen around the crypto market. Go ask those who has seen market cycles, and many will say that "as much as we want to see the crypto market going up, it's a market cycle and at one point, investors will cash out their money and take their profit."

Investors who can't accept the fact that the market moves in cycles must quit investing already. Kind of harsh, but if you've saw it already and still you can't accept it then what's the point of you investing?

During the bear market, the price of bitcoin do crash, and sometimes we can even experience -50% to -70% market crash, and at this point your bitcoin portfolio must have reduced drastically. However, this is the point we different the gamblers, and the real bitcoin investors, because you will see the weak bitcoin investors selling their Bitcoin asset in great loss, but the real investors will remain calm, ignore the noise, remain patient, and anticipate for Bitcoin price reversal. And finally, it is those investors who can withstand the pressure of market crash that receives the desired profit or reward.

What is your take on this?

I guess I can consider myself as a "real investor" then because I'm calm, I always ignore the noise just like what I do, and I remain patient for the bottom to be touched then I'll start to buy. I don't know the real bottom of this bear market obviously, but I'll be continuing to buy at one point, and I'm just being patient for that time to come.

Newbies invest because they believe that it's very easy to make money on crypto. Real investors know that it will take time for them to make money. Newbies don't know what to do on certain situations like what's happening right now. Real investors already had a plan even before the bear market has started and because of that, they remain on the sideline, calm and patiently waiting for the time for them to buy. Most of the weak-minded people are newbies, and as they learn more, they'll realize how the market move and from there, it's up to them if they will continue to invest or not anymore.

[lovesmayfamilis]

Perhaps because everyone has different financial capabilities, along with their confidence and knowledge of bitcoin's behavior, there will be different reactions. Naturally, those who are more knowledgeable and have decided to invest not for the sake of testing will try as long as possible not to pay attention to the market movement but to go confidently toward the goal. But we also need to understand that the funds that are allocated for investment, sometimes people also have to spend, because unexpected events can happen in life, called unintended expenses.

[Dunamisx]

If we don't have confidence in making investment in Bitcoin, we should try to learn how we go to develop a strong mind over it because it could be mind shaking in some situation, just as we already know that this is a digital and volatile currency, so we may say that bitcoins not strictly advisable for those that have high blood pressure, except they are ready to invest and hold for long without putting panic or fear on their mind when the market is falling, which applies to many other investments that we make, there are certain level of risk we took in them.

[Decimetre]

Perhaps because everyone has different financial capabilities, along with their confidence and knowledge of bitcoin's behavior, there will be different reactions. Naturally, those who are more knowledgeable and have decided to invest not for the sake of testing will try as long as possible not to pay attention to the market movement but to go confidently toward the goal. But we also need to understand that the funds that are allocated for investment, sometimes people also have to spend, because unexpected events can happen in life, called unintended expenses.

You're  right. In life, unplanned happenings are inevitable and how well we are able to handle it is what really matters. Going into bitcoin and also understanding that bitcoin is a volatile asset would help an investor to have a preplanned or set out approach to tackling any form of unexpected expenses. If this unexpected expenses are not well taken care of, it can ruin the entire portfolio when the condition escalates.

This is why it is good to start planning for the rainy days from the first day of your investments. As a basic income earner, you should know your estimated income and plan your investment accordingly. A folk who made provision for Emergency funds would have a safer approach to treating such unexpected happenings compared to someone who believes that no unexpected problems can arise and never made provision for such. When you have initial plans with emergency funds, it may likely not affect your investment amount because you have initially been maintaining a moderate investment within your controllable financial situation.