Focus on knowledge, build up belief, then investment plan, success will come.

[Jamal Aezaz]

When many people immediately invest without studying first, that is the wrong step. We should first study the coins we choose for investment, so that the money you use for investment remains safe and will not be lost. Patience is indeed an important key to achieving success in the investments we make.

Actually people don't study because they think that if they spend their time studying about the market and the coin then they will miss the opportunity to invest but with these mistakes they often don't lose their chances but they lose money. If we learn well then we will choose a better coin because research guides us to avoid scam projects and invest in top coins.

We should not rush towards success because those decisions which are made quickly prove to be wrong most of the time. Selection and patience both perform their roles in your success but you have to perform your role first by getting Knowledge

[Faisal2202]

People say Bitcoin is too volatile but see the chart, and discover that Gold gets a correction about 40% and it needs about 10 years to have another bull run.

I did not know before that a bull run takes 10 years to come for Gold, that's a lot of time, but still, people prefer it. I can't agree more with you on the fact that there is less luck and more knowledge, but OP I was once a newbie, everybody was, and I have read many confessions from newbies that, they said, they get lucky with their BTC investments. Some say, their relatives or friends near them ask them to buy BTC, and at the time they bought they did not have any knowledge but were still able to make a profit.

Just because those who invested in the bear market, are in profit right now, and those who bought near $73k are in loss right now. The time of buying the assets is the most important thing, and that knowledge comes with proper time spent in the market.

[0t3p0t]

See two charts and discover a fact that intelligent investors bravely buy in bear markets, when most serious tests on their belief and mentality. Price did not hold if there are not strong believers and investors. It's not luckiness for Bitcoin, Gold and their investors to hold price in bear markets and tested in many bear markets in history. Their cycles can be longer or shorter but you can see how psychology of market cycle works.

Just as Rothschild said , buy when there is blood in the streets:




The point is not go with buzzworda and trends. We want to be doing the opposite of everyone. Buying when the price is falling, and selling when the price is hitting ath or close by

I didn't start to sell in this cycle yet, I plan to do so after we pass 80k. I hope we do soon

I think doing the opposite of what everyone does is not just as easy as it is because we all know the fact that we should atleast have enough knowledge in doing so before we proceed to something like jumping into it fully. It also requires patience, effort, consistency and capital before achieving success but yeah that is not that easy as we all know it needs a lot of time prior to hitting the goal.

[bitmover]

It also requires patience, effort, consistency and capital before achieving success but yeah that is not that easy as we all know it needs a lot of time prior to hitting the goal.

Certainly not so easy.

It requires a lot of psychological focus and patience to sell on good news, and to buy on bad news when the world is collapsing. ...

[Captain Corporate]

Long term planning and getting ready for retirement is the way to go and will always make you richer than trying to get rich quick. The method where people try to make money NOW, so they can be rich right away and live a great life, usually ends up with %90+ of the people making a loss, because most people don't know what they are doing. Whereas, long term doesn't require knowledge, or strategy, or even luck because if you do end up buying a lot then it means that we are going to end up getting richer and richer every year, and in a few decades we will retire with enough money to never worry about financial issues.