in

Enthusiasm and Euphoria in the Bitcoin World Are Common. Trust and Patience Are Scarce. To get the most out of Bitcoin, you’ll need a lot of confidence and patience.

Enthusiasm and Euphoria in the Bitcoin World Are Common. Trust and Patience Are Scarce. To get the most out of Bitcoin, you’ll need a lot of confidence and patience.



View Reddit by sylsauView Source

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

4 Comments

  1. It’s easy to get excited and fall into euphoria when Bitcoin is in a Bull Market.

    It becomes harder when Bitcoin enters a Bear Market. Yet it is at these times that you can benefit most from the Bitcoin revolution by accumulating more BTC.

    To do this, you will need to develop two much rarer qualities. The first is confidence in the Bitcoin revolution. This is done by constantly increasing your knowledge about Bitcoin.

    When you have reached the right level of knowledge, you will have enough confidence in this revolution to be patient. Bitcoin always rewards patience as it has shown us since its inception.

    Finally, rather than focusing on its highest annual price, you should focus on its lowest annual price, which is still rising. This is much more telling and should reassure you that patience is the safest strategy with a monetary revolution like Bitcoin.

  2. I feel like most people get this during the bull market and feel they missed out on btc when their meme coins didn’t perform well , if you want to take that risk why don’t you do in a bear market when everything is available for a discount

  3. tldr; The price of Bitcoin closed above $61K for the month of October 2021. The performance of the Bitcoin price over October has brought back the feeling of greed in the Bitcoin world. After periods of Bull Market, there are always periods of Bear Market. During these periods, the enthusiasm and euphoria disappear, and many end up capitulating by selling their Bitcoin.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

Australia’s Largest Bank to Offer Bitcoin Services to Customers

Parabolic Phase For Bitcoin – This Is The Trigger That Could Boost BTC | CryptoGazette

Bitcoin Price Crash, Explained By Willy Woo