Bitcoin's current value is at an impressive $41,000. As a result, I have received several calls today from individuals who are interested in buying Bitcoin. They are curious to know if Bitcoin's value will decline so they can buy at a lower price. It's ironic considering I advised them for months to invest in Bitcoin or similar cryptocurrencies like Hive and hold on to them. Despite the current surge of positivity in the market, people are still calling me to ask if Bitcoin will drop in price. It's amusing.
Even the greatest technical analysis cannot predict the entire cryptocurrency market. I don't know why people believe that if they can ask me that kind of question, I'll be able to give them an answer. And my response has always been the same. I don't know, and that is true. I don't know if the market will go up or down, but I've been seeing this often and often. It happens all the time. People will always come to buy Bitcoin when everything is going well and not when they can take advantage and see life-changing money.
Some of them are looking for who to hold accountable
It is hilarious that people still call to ask about the market and whether they should invest, and this is because they are looking for who they can hold accountable if everything does not go their way. I have been in this position where you will advise people to go into the market more because they are not patient enough, especially when the market is going down, they cannot hold, and they are scared of losing their money. In the process, they will call and blame you for losing part of their money, which is very crazy, and this happens all the time For those people who don't know about crypto and just want to invest in it.
He is not as if most of these people don't know how the Crypto market works, they understand how volatile it is, but the truth is they are always looking for who they can hold accountable for their losses, and sometimes some of these people even threaten to collect their money back. The funniest part is that even when you are still advising them to hodl the crypto and that the markets can change in trend at any time, the majority of them sell without listening to you, thinking that you're only giving them false hope. By the end of the day, all these people are not investing, they are not even taking risks to them, they are only gambling.
They are in for the success not the struggle
The thing is, most of these people only see Bitcoin as a gamble, not as an investment, so these people don't believe in it. That is why when they invest in Bitcoin, and things are not going as planned, instead of sticking to it, they remove their money whether it is in profit or at a loss because they are only gambling, not investing, and the main reason why they come to gamble is because of the success story behind Bitcoin when they see how people become successful through Bitcoin, how they multiply their investments within a few years. All these success stories tempt them, and that is why they choose to gamble and not invest, and this happens all the time.
Bitcoin is just like everything in life, where you must believe in it, Work hard and trust the process, there is magic to success. It's a gradual process, the process that you must stick to and work things out, and if you can't stick to that process, you might not benefit at the end of the day, but most of these gamblers don't stick with the process, they just want is the success stories, and things don't work that way. Anyone certainly looking for fast money always fails.
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Thanks for your time.