I was searching for investing in Bitcoin on an Auto-Pilot mode so that it will buy on my behalf every day, like Dollar Cost Averaging. I stumbled upon Binance Auto-Invest which shows the Historic ROI, I remember when I last checked they didn't had 3 Year ROI, but today they have introduced the 3YR ROI to show how much return you can get if invested for 3 years.
PC; Binance.com
Similarly, when I clicked 1 year, 6 months or others it's all red because of the bear market. I do not deny the fact that in the long term Bitcoin creates wealth but this is the psychology of the human mind that they take positive in a much better way than the negative.
PC; Binance.com
Its not about in Binance only, everywhere where I was checking similar things they have changed their returns from a 1-year window to a 3-year window just to show the growth you get when invested for a long term. This is good too because we all know when invested for a longer duration you will surely get benefits and that is the case with every token or stock.
I think this is the time for people to start the dollar cost averaging or start purchasing their favourite coins as the bear market has taken over. I was buying Hive literally every day with the HBD I have for the averaging and will continue to buy so that I can average out my Hive purchases. I am thinking of doing the same with Bitcoin too, to start purchasing in small quantities for getting to that point where I can say that I have 1 BTC in my portfolio.
So coming back to the topic, what do you think is it good to show positive than negative just even for some time?
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The mind of investing in crypto right now makes worry just two days before I lost my 300+$ on leveraging. :(
Yeah now it's time to accumulate through SIP mode.
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DCA + Long term + Good project + booking profits = Financial success.
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That's summed up really well...
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I think it's always better to focus on the positive but it's not good to ignore the negative. Otherwise, if another LUNA happens, you will be caught unprepared.
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That's absolutely true, take positives and do not ignore negative.
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