If You Must Be Right In The Long Term, You Will Look Wrong In The Short Term.

[Jubilee58]

Bitcoin investing is not all about making quick money, and those who are very successful in their Bitcoin investing endures many pains, their are even times when people try to discourage you because of market volatility, and uncertainty, you see your investment going down in value, sometimes you experience more than 60% to 70% decline in your investment, and you even invest your money in Bitcoin when many others are afraid to invest in Bitcoin, but on the whole these are the challenges that makes a real Bitcoin investor successful.
Many times, Bitcoin has crashed in it's price right from the biggining, and even today, Bitcoin still crashes in it's price, but when Bitcoin crash, many investors are worried, and at this point, you see many selling their assets, but at the same time some investors who understand how Bitcoin works, and can persevere the pains of the price decline will remain firm, and endure, they already know that in the long run, the price will be bullish, and they will possibly gain good profit or reward from their investment.

What is your take on this?

[Sim_card]

I told someone about bitcoin investment and he discouraged me not to invest because he sees that the price is dipping and will continue to dip overtime but I enlightened him about how bitcoin works and why the price dips and pumps based on the market phase. A dip should be a good time for long term investors to buy bitcoin cheaper. Bitcoin price will always recover and create a new ATH at the right time.

[Karl_3000]

I used the strategy which the person that introduced me to this forum taught me which is NCA, lump sum and average. I started investing when bitcoin was I think $75600, but I invested more when bitcoin continued to fall and got below $60000. By average buy is still below $70000. When I was losing when bitcoin fell more, I knew I was very right, I continued to NCA and it is paying me right now because I am now in unrealized profit but I am still waiting for $150000.