What Makes Your Bitcoin Journey Comfortable?

[L E G E N D A R Y]

Afterall the best motivation one can get is the one the person give him/herself, Bitcoin has already given us reasons to the motivated in holding longer, which is the past record. When you noticef that long term holders in the past has benefited a lot from doing so you’ll be convinced on holding longer.
 Yeah dude your take on determination is spot on cause even if you get motivated by someone if you're not determined to work on achieving success with the motivation you get, the person's motivation could be wasted effort.

That’s why they say that one needs personal conviction to be able to invest and withstand the potential risks that’s associated with different market conditions. So if you’re only investing simply because you were told or you read that the investment is a very profitable one, without really understanding how the market works or having that personal conviction, you can easily be scared by potential bearish trends, and could even end up taking an irrational risk or decision that would end up affecting you negatively in the future.

[icebar]

The aspect that captivates me most is the security and control that we stand to benefit from the Bitcoin network, but so many people don't understand how they could achieve maximum security over their assets in Bitcoin, as well as how they could be in control of it.

This is where the idea of learning more about privacy is important on how we could make use of a non-costodial wallet for our storage, as regard the security aspect, we have to take it our own responsibility and maintain this without leaving any vulnerability that could be used as a means of attacking us, everything we so needed are made available online to acquire necessary information regarding Bitcoin security and how we could fully be in control of our assets.

One of the biggest advantages of Bitcoin is that you have control over your assets, but with that control comes some responsibility. Just having Bitcoin in your wallet does not guarantee complete security, how you store your secret keys is equally important.

For long-term hold, the user must use a non-custodial wallet. And for this, if he uses a cold wallet, he is the most secure. However, in this case, he must be very careful in storing keys. The mistake that many people make is that they use a secure wallet, but they do not store the seeds properly. While control over Bitcoin gives you freedom, it also creates the risk of losing those assets forever with a little carelessness.

[DubemIfedigbo001]

That’s why they say that one needs personal conviction to be able to invest and withstand the potential risks that’s associated with different market conditions. So if you’re only investing simply because you were told or you read that the investment is a very profitable one, without really understanding how the market works or having that personal conviction, you can easily be scared by potential bearish trends, and could even end up taking an irrational risk or decision that would end up affecting you negatively in the future.

One still needs optimism to be able to navigate his investment without negative emotions. Convinction brings confidence but the confidence is not sustained for long without being optimistic about the investment. We need good knowledge on the volatility of bitcoin as well so that investors remain convinced the markets will bounce back even though Bitcoin is experiencing a bottom and not rush to panick sell which would see them sell at a loss. I believe if you have good knowledge it would help with having a good conviction and you'll need to remain optimistic not to doubt your earlier convictions when the markets is seeing red.

[fredericktaylor]

That’s why they say that one needs personal conviction to be able to invest and withstand the potential risks that’s associated with different market conditions. So if you’re only investing simply because you were told or you read that the investment is a very profitable one, without really understanding how the market works or having that personal conviction, you can easily be scared by potential bearish trends, and could even end up taking an irrational risk or decision that would end up affecting you negatively in the future.

One still needs optimism to be able to navigate his investment without negative emotions. Convinction brings confidence but the confidence is not sustained for long without being optimistic about the investment. We need good knowledge on the volatility of bitcoin as well so that investors remain convinced the markets will bounce back even though Bitcoin is experiencing a bottom and not rush to panick sell which would see them sell at a loss. I believe if you have good knowledge it would help with having a good conviction and you'll need to remain optimistic not to doubt your earlier convictions when the markets is seeing red.

Yes, it is always true that knowledge leads people to the right way through which people do not go astray. When an investor has the right knowledge about Bitcoin and its market volatility, we will not be afraid or panicked by the volatility of Bitcoin, we will have confidence and courage to turn around, which will make it easier for an investor to manage investments for a long time. A person confidence or trust also increases when he has good knowledge about a specific subject. Knowledge gives the investor confidence or trust through which a person can invest with a strong mindset and hold it for a long time, which will gradually reach his goal.

[Derekfunds]

That’s why they say that one needs personal conviction to be able to invest and withstand the potential risks that’s associated with different market conditions. So if you’re only investing simply because you were told or you read that the investment is a very profitable one, without really understanding how the market works or having that personal conviction, you can easily be scared by potential bearish trends, and could even end up taking an irrational risk or decision that would end up affecting you negatively in the future.

Personal conviction can not stop one from panicking or making irrational decision especially when it comes to Bitcoin investment, imagine after investing when the price is so down and then later surge to a high price and again, all of a sudden the price decline or dip below the point you started investing, you don't need anyone to advise you at this point because their advise won't change what you are thinking at that moment even though you have a conviction and understanding of what Bitcoin is.