Current Trend About Bitcoin, “Institutions are coming!’ ‘What are they buying?’ ‘Nothing.’ They are selling.”
With Bitcoin, the Hodlers should figure out how to sell volume and let it evaporate and expire worthless and then rinse and repeat the buying and selling over again to make profits. It is important to learn to tame the Bitcoin volatility.
Value fluctuations will continue to happen with Bitcoin. It is a volatile investment. Those who are looking for a guaranteed, safe, and highly predictable investment should keep away from Bitcoin.
Those looking to invest in Bitcoin can do it in a few steps. The first step is to join a Bitcoin Exchange, get a Bitcoin Wallet, Connect the Wallet to a Bank Account, Place the order to buy Bitcoin and manage BTC investments.
So, the part of buying BTC is easy. All the smart work should be done in the process of managing the investment. For those who do not know how to handle their investment it can be stressful. Cryptocurrencies are unique assets and therefore takes some unique care. When the value of an asset like BTC crashes down to 40% it can be stressful.
Those who have invested afresh and are just getting used to the price trends would not be able to help than keep checking the value of the asset compulsively for multiple times in a day worrying about the wild swings. It is on the mind all the time and can be very unhealthy.
Dealing with BTC is an emotionally intense experience and having to worry about the price of BTC all the time is harmful to the mental health of the investor. BTC price is going to be a roller coaster experience. And, it is not worth checking the value of cryptocurrencies on a constant basis and it is also unproductive at the same time.
The best approach to hooking people on to something is to provide them with a reward at a time they least expect. This also makes the entire process impossible to avoid. There is nothing you can do by checking the price movement continually.
Investors need to decide on the price point at which they would like to buy the crypto. And many times, when the cryptocurrency transactions take long time, the price would have changed substantially. It is very important to have a clear idea about the big picture of the cryptocurrency and the blockchain on which the asset is being traded.
For a normie, several years of planning is important to own cryptocurrencies. The decision to hold cryptocurrencies for several years would definitely pay off. The price can easily go from 1 to x 1000 and back to 50 and again back to somewhere in the 20,000. This volatility is very normal.
Since the price of the BTC is very volatile, long term strategic thinking can only be in terms of holding until the next big high or buying with dollar cost averaging, buying and lowest dip and holding and things like that.
With so many cryptocurrencies around, it is not easy to predict as to which crypto is here to stay. Having a diversified portfolio to gain some decent protection around volatility needs some experienced hands working on it to keep the portfolio well survived and aging well. Investment firms can be a solution for those who understand them.
Community Reaction: Crypto isn’t going anywhere. It’s the future You are early. However, it won’t always be this easy. When the bigger institutions get involved, they will own large amounts of coins. Get involved while it’s still early. With crypto comes many opportunities. You may be late with bitcoin.
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