Bitcoin investors who are in the game for the long run do give a heed to what influencers have to say; however, they have the capability of ignoring what the large egos of influencers say. Every individual BTC investors know that they need to apply their brains to their investment, because it is their investment and whether profit or loss – it is going to be their “personal finance thing.”
So, Savvy BTC investors are not about what influencers say. They apply their mind.
“Your Money Your Profit Your Loss”
Typically, when the general onlookers have mixed feelings listening to influencer statements like:
They can ignore what large egos and influencers say, and see that a pullback was bound to happen…irrespective of all the positives.
Seasoned investors believe that many times investment is worth more than money. Despite all the warnings of gambling, there are people who continue to be in the Bitcoin game. So, what are their discipline. What do they know that the rest of the new investors do not know or are scared of? How true they are to reality?
The successful Bitcoin guy is one who takes personal responsibility for their investment decisions. They, know how to deal with real price trends.
While they know Bitcoin has the potential for profits, they know it is important to fundamentally think through real-time trends to know whether the price will actually kinetically show up as the real price for real investors to cash out. They are aware of all the FUD stuff that they have to deal with before they cash out true profits.
Bitcoin investors who are confident of the investment are not living in a dream world. They know the flaws. They know the patterns of risk they are dealing with. So, being a bitcoin investor is about understanding price trend situations technically by identifying the different names in the pattern.
They know they have to deal with Technical situations in different variations before they achieve what they can call successful ROI with BTC: “Current bull run, price pull back, level not seen since…, drop from record high, new price highs, corrections, lower high, lower low, higher high, higher low, first leg of correction, bullish leverage, price bounced, momentum stalled, investors turning their focus to alternative cryptocurrencies, second lower leg, prices falling in response to news, selling pressure strengthening, investors speculating, companies holding Bitcoin, drop of 20% from high indicate bearish shift in the broader trend, pullbacks by 30% are pretty normal during a pull run, pullback recharges engines for a robust rally, normal corrections and healthy, wedge as bullish pattern in price charts, V-shaped recovery, renewed fears.”
Bitcoin investors are aware of alternative pessimistic opportunity killer situations like:
While BTC investors know there is some truth to this statement, believers to not want to overthink and they state, “The US dollar is a stable currency and has no value, which is impossible, so it is a bit overthinking.” And, they keep proceeding with their risky choice of investment and play the game knowing that high risk can mean high reward.
The dots contributing to Bitcoin moves are scattered without a well-defined flow, it is for the investor who has the skin in the game, to join the dots with common sense while playing their way through the risks to profits.
James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F
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