More often than not, I’ve had bad luck with making investments. I tried my hand at the stock market once, but I lost a lot of money and decided to quit. Surprisingly, I’ve been having success since I learned how to bitcoin trade. I don’t feel as pressured to sell as I did with stocks. Whenever I buy some bitcoin, I usually hold on to it for a while. The market can rise and dip occasionally and while it may seem like a good idea to make a quick sell, I’ve noticed that if you just hold on a little longer, you can get a better profit.
My first bitcoin investment was only around $100 because I felt that this was a good place to start. I wanted to get my feet wet a little first before diving in head first with a large investment. Being burned by the stock market made me a little cautious about going all in with investments from the beginning. The interface of the website that I used to trade allowed me to see a chart of the bitcoin prices rising and falling in real time. Waiting for the price to rise can be an intense process, and when the prices start to fall, it can cause a bit of a panic.
When I saw prices fall for the first time, I was worried that I was going to lose all of my money like I did with the stock market. My finger was hovering over my mouse button, ready to click the sell button so I could minimize as much loss as I could. It was a good thing that i was able to keep myself from clicking the button, because the price went back up again. The bitcoin market really relies on people to stay calm when trading.