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.

[L E G E N D A R Y]

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.

Maybe you have a different understanding about what personal conviction and understanding of the market/Bitcoin really is. Because for me, when someone has a good understanding of the market and then have a personal conviction, first of all, the person would understand that they should only invest with what they can afford to lose, secondly, short term fluctuations are basically nothing new as far as Bitcoin is concerned, and thirdly, no matter how much the price declines, it’ll still most likely surge again and always establish new ATH, even if it might take time for it to do so.

These knowledge and understanding of the market helps you know what to expect, and so when they eventually happen, you’re not surprised because you already expected it, so there’s no room for making irrational assumptions and decisions anymore. Besides you’ll know already that these fluctuations and volatilities are only temporary, and since you already have that personal conviction, you’ll already have a long term commitment and plan, so your mindset is on the long term and not what happens in the short term.

[7juju]

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.

If you are thinking about any other thing at that moment, than being calm and wait for the bullish trend to return, then you don’t really understand what bitcoin is. Let the person not deceive himself, someone who have true understanding of what bitcoin is, will never doubt bitcoin or have a second thought of negativity, even when bitcoin price is crashing. Someone who understands bitcoin will be thinking of where to get more money to buy more bitcoin at that point. Those who panic when bitcoin dips below their entry point are still amateurs.

[Achalugo BTC]

It’s best to take your time and study about bitcoin and how it works before investing your money. The knowledge I had about bitcoin really helped me a lot, ever since i started my bitcoin investment journey I have been purchasing bitcoin comfortably without feeling pressured because I do it with my disposable money after I must have gotten my basic needs and also settled my expenses for the week or for the month. You also need to be financially discipline by only investing money you can afford to lose, don’t allow fear control your emotions when bitcoins price drop. Just have the right knowledge about bitcoin, security, and be patience.

That is how it should be, and not to start investing in something one has little or no knowledge about. This will put them under pressure, especially  when the market is fluctuating, but having the awareness of what lies ahead will make their journey easier to understand. So, it's best to take their time and study Bitcoin to understand how it works before investing into it, just as you stated, as that will help them avoid unnecessary mistakes and help them in making informed decisions. Patience, consistency, and discipline are also important, as investing in Bitcoin is not for the fainted-heart, as they will find it difficult to achieve their success.

[Olatundespo]

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.

Bitcoin market will do this many times you may sometimes panic or be at risk of withdrawal. You need to accumulate Bitcoin regularly within a boundary without exaggerating too much about the buying price of Bitcoin and the current market price. You will have many options but the best option is to accumulate Bitcoin for the long term.

You yourself are enough to change your personal thinking because you know what you are doing. You came to invest knowing that Bitcoin is volatile and many investors are accumulation Bitcoin regularly. The expectation and tendency to get rich quick will prevent you from making good decisions because the fear of watching charts repeatedly and increasing portfolio losses can disrupt your normal life.

You will not succeed if you have strong faith if you go against the flow. Bitcoin is only great for long term investments and rewards investors but if you trade shortly with strong faith, it may not give you the desired results.