JJG’s Outline of Bitcoin Investment Ideas

[Showlove01]

DCA might reduce the stress, but it doesn’t guarantee success in your investment. Regardless of the strategy you choose, you need to consistent with your plan. We’ve seen someone who has the mindset of using the DCA strategy, but they panic because of any changes in the market. Every success is a result of your discipline and patience, it’s not done overnight.

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

[#BTC]

If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

I agree with you dude. Long-term investors don't usually panic unnecessarily when they're supposed to be standing strong. They are always firmed in their investment holdings with the assurance that their benefits or rewards isn't now but in years to come.

However, things isn't that hard as we think, is just a matter of choice and the way of approach towards it. Once you've made up your mind to hold regardless, then emotional at that point means nothing to you. All you're concerned of at that minute is how you can reach the peak of your investment journey. Therefore, achieving this is not difficult if we are determined, only when you're a trader, that is when you will always want your rewards like now. And I doubt if you can get anything better in such manner.

[Just Say]

DCA might reduce the stress, but it doesn’t guarantee success in your investment. Regardless of the strategy you choose, you need to consistent with your plan. We’ve seen someone who has the mindset of using the DCA strategy, but they panic because of any changes in the market. Every success is a result of your discipline and patience, it’s not done overnight.

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

There is no strategy that can guarantee 100% success in Bitcoin investment, in fact those who have little knowledge of the Bitcoin market may know that it is a highly volatile asset that makes market behavior unpredictable, but I feel that risk management and following the right strategy can multiply the chances of success.

Such techniques as dollar cost averaging, how it works and what are its advantages, if you know these basic knowledge, maybe investors will get some profit potential d even if hodl or long-term holding process is adopted, because we know that Bitcoin Bitcoin is extremely volatile in the short term, but in the long term, its price has shown a tendency to increase, for example, after every four-year halving cycle.

[Creeper0]

DCA might reduce the stress, but it doesn’t guarantee success in your investment. Regardless of the strategy you choose, you need to consistent with your plan. We’ve seen someone who has the mindset of using the DCA strategy, but they panic because of any changes in the market. Every success is a result of your discipline and patience, it’s not done overnight.

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

You can divide investing into two parts. One is attack and the other is defense. Attack helps you grow your investment fund, for example, buying strategies and achieving goals. The most important part of long-term investment success is the defense part of the investment, acquiring the knowledge (related to financial management, risk management, investment management, etc.) necessary to sustain the investment fund in the long term, the ability to allocate discretionary funds, backup funds, ability to control emotions, ability to ignore the market, etc. The defense part includes.

The amount of Bitcoin you deposit in the investment fund does not determine your success, but how long you can hold the fund. Although there is a point to achieving the goal, a small amount has the potential to be very large in the long term. Investment strategies like DCA play a role in building the fund, but success depends on holding.

[Rockstarguy]

If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

Anybody can panic, whether a trader or a long-term investor. Someone may have plans of hodling Bitcoin long-term, but a change in Bitcoin's price can make one panic. People will have their different reasons why they may not be able to hold Bitcoin for a very long term, and this is one of the reasons why profit in Bitcoin investment is not guaranteed. The inability to hodl is not a matter of being a trader; it is normal for people to easily change their minds for different reasons. Investors need to understand the volatility of Bitcoin because it helps them manage good decisions to stick to their hodling.

[Hardyrobust]

If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

Anybody can panic, whether a trader or a long-term investor. Someone may have plans of hodling Bitcoin long-term, but a change in Bitcoin's price can make one panic. People will have their different reasons why they may not be able to hold Bitcoin for a very long term, and this is one of the reasons why profit in Bitcoin investment is not guaranteed. The inability to hodl is not a matter of being a trader; it is normal for people to easily change their minds for different reasons. Investors need to understand the volatility of Bitcoin because it helps them manage good decisions to stick to their hodling.

The moment someone failed to hold bitcoin for a long term they automatically become a trader whether it was part of their plans initially or not . The main reason why most people do panic is mostly as a result of investing with money that is for their basic needs and they can afford to lock this money away for years. Therefore there is tendency for them to Panic and make decisions based on fear.
Holding bitcoin for a long term doesn't mean it is guaranteed for a successful returns.

[Livingleged]

The moment someone failed to hold bitcoin for a long term they automatically become a trader whether it was part of their plans initially or not . The main reason why most people do panic is mostly as a result of investing with money that is for their basic needs and they can afford to lock this money away for years. Therefore there is tendency for them to Panic and make decisions based on fear.
Holding bitcoin for a long term doesn't mean it is guaranteed for a successful returns.

We can arguably say there is guarantee of making profit when bitcoin is held over a long period of time. going by it’s behaviour and history, there has never been anyone that has come out to say that they held bitcoin for long time that didn’t get a reasonable return of investment, if it wasn’t guaranteed we won’t even be wasting our time advocating for long term storage, believe in bitcoin, believe in its long term holding rewards.

[ejikeme24]

~snip~.

~snip~

What do think Bitcoin is-A race or what? Advising newbies to go all in at the start of their investments simply shows that regardless of the fact that you are a senior member, you still seem to very well stucked with the ideology that emergency funds has no relevance at the very start of your investment journey, which is very wrong..

Why would I possible think that emergency funds has no relevance? Me that has been ongoingly advising that all Bitcoin investors should ensure that they create backup funds for their bitcoin investment as it will enable them hold their Bitcoin for Long. Maybe you did not  go through my comment very well that is why you didn't get the full gist. Just like I said some newbie investors might not be as slow as we think while accumulating bitcoin, especially during their first time. some newbie investors easily get carried away by the opportunity that the market present to them and then they will be tempted to go all in just to grow their portfolio to a more better level since it's their first time of getting involved in bitcoin investment, then when next they have discretionary income they will now start building their backup funds. Personally I feel  building backup funds when they literally have nothing in their portfolio is like a missed of priority, a beginner is supposed to at least put something in their portfolio as this will motivate them to look for a way to create a backup funds for their available Bitcoin because they would want anything that would make them sell the little stash of bitcoin they have got, so what they do is to start building their bitcoin investment along with their backup funds.

[Perfect-World]

If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

I agree with you dude. Long-term investors don't usually panic unnecessarily when they're supposed to be standing strong. They are always firmed in their investment holdings with the assurance that their benefits or rewards isn't now but in years to come.

However, things isn't that hard as we think, is just a matter of choice and the way of approach towards it. Once you've made up your mind to hold regardless, then emotional at that point means nothing to you. All you're concerned of at that minute is how you can reach the peak of your investment journey. Therefore, achieving this is not difficult if we are determined, only when you're a trader, that is when you will always want your rewards like now. And I doubt if you can get anything better in such manner.

Panicking is a normal thing. We are all human, and I see it that it is somehow normal for an investor to panic if he sees Bitcoin dropping. He has been saving, and hoping for more increase in price so he could make more profits, and now it begins to drop in Price, even more drastically day by day. The human mind will panic, at least for a bit.

The more concern should be how he takes in the decline and what he does, I mean the investors action, that's what matters, and not if he panicked or not. However, at that point, a trader might panic and sell, while an investor, who is in for a long time investment will panic, overlook the market and stull HODL, because he believes in Bitcoin and in the value Bitcoin can create in a long time. Thus, your actions matters, not necessarily the immediate panic.

You can divide investing into two parts. One is attack and the other is defense. Attack helps you grow your investment fund, for example, buying strategies and achieving goals. The most important part of long-term investment success is the defense part of the investment, acquiring the knowledge (related to financial management, risk management, investment management, etc.) necessary to sustain the investment fund in the long term

I feel the both are very important. Buying is as important as HODLing, because if you don't buy, or keep buying consistently, what then would you be HODLing, an empty sack of zero BTC? While you learn to HODL, also learn to buy, and consistently too. It's better that way.

The amount of Bitcoin you deposit in the investment fund does not determine your success, but how long you can hold the fund.

You are laying too much emphasis on HODLing, as if buying is not important. You must buy to be able to HODL.
No doubts that holding BTC for long yields more income, that's true. But investors must also bear in mind the importance of consistent buying.

Take for instance two investors who are buying Bitcoin.

Mr A buys $50k worth of BTC and STOPS buying at the end of 2025, and is determined to HODL till Bitcoin hits a new ATH market price.

While MrB also buys $50k worth of BTC at the end of 2025 and is still ongoingly buying BTC consistently in 2026, using the DCA, determined to keep buying and HODLing. And hopefully, Bitcoin hits a new ATH market price at the end of 2027. At this point, who makes more profits??

Is it MrA who bought $50k and stopped buying at 2025 while HODLing till 2027 when Bitcoin had a new ATH? Or
MrB who bought the same amount($50k) at the end of 2025, and kept on buying through 2026-2027 till Bitcoin hits a new ATH?

Obviously, MrB would have made much more profits than MrA because he bought more and also HODL. Thus, while we are laying emphasis on HODLing, we should also know that buying consistently is also very much important in your investment journey.

[Lembo69]

Panicking is a normal thing. We are all human, and I see it that it is somehow normal for an investor to panic if he sees Bitcoin dropping. He has been saving, and hoping for more increase in price so he could make more profits, and now it begins to drop in Price, even more drastically day by day. The human mind will panic, at least for a bit.

The more concern should be how he takes in the decline and what he does, I mean the investors action, that's what matters, and not if he panicked or not. However, at that point, a trader might panic and sell, while an investor, who is in for a long time investment will panic, overlook the market and stull HODL, because he believes in Bitcoin and in the value Bitcoin can create in a long time. Thus, your actions matters, not necessarily the immediate panic.

Why should you be alarmed about this investment? Yes, we are all human, and feeling anxious is natural. However, you have likely heard the advice to invest only the money you are prepared to lose. As a newcomer, you might feel panicked, whereas a seasoned investor wouldn't; they know that Bitcoin's price will eventually rise once a specific market cycle concludes. Those who sell are traders, but true investors neither panic nor sell until the market reaches the target level or cycle they had planned for. First and foremost, you need to overcome FOMO (Fear Of Missing Out). If you plan to invest for a period of 4 to 10 years, you must resolve that—no matter what happens during that time—you will not sell your investment.

Another way to avoid panic is through patience; an investor who remains patient succeeds and can navigate the long-term journey without succumbing to anxiety. Invest using your surplus income and try to remain completely stress-free about your investment; build an emergency fund and invest only the money you are willing to lose. Investors who view these market ups and downs as opportunities are the ones who can successfully sustain their investments over the long term.

[JayJuanGee]

If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

I agree with you dude. Long-term investors don't usually panic unnecessarily when they're supposed to be standing strong. They are always firmed in their investment holdings with the assurance that their benefits or rewards isn't now but in years to come.

However, things isn't that hard as we think, is just a matter of choice and the way of approach towards it. Once you've made up your mind to hold regardless, then emotional at that point means nothing to you. All you're concerned of at that minute is how you can reach the peak of your investment journey. Therefore, achieving this is not difficult if we are determined, only when you're a trader, that is when you will always want your rewards like now. And I doubt if you can get anything better in such manner.

Panicking is a normal thing. We are all human, and I see it that it is somehow normal for an investor to panic if he sees Bitcoin dropping. He has been saving, and hoping for more increase in price so he could make more profits, and now it begins to drop in Price, even more drastically day by day. The human mind will panic, at least for a bit.

The earlier that a guy is in his bitcoin investment journey, then the less worried that he should be about the BTC price dropping, since he can buy more bitcoin when the price drops.

Of course, the longer that he had been accumulating bitcoin, then the more worried he may well become about the amount that he had already bought, since that amount that he bought would be dropping in value greater than any benefit that he perceives himself to be getting by ongoing and persistent buying of bitcoin.

The perspective of a guy who invests into bitcoin 4-10 years or longer should be to keep buying no matter the direction of the price, especially if he is in his first 4 years of accumulating bitcoin.

It could become more confusing about what to do the longer that a guy had been accumulating in terms of whether he should keep accumulating bitcoin or just stop accumulating bitcoin and just hold through the ups and downs, and sometimes guys might prematurely conclude that they had accumulated enough or more than enough when they probably should just continue to ongoingly and persistently buying rather than stopping or slowing down in the process, especially during periods of bitcoin price dips.

The more concern should be how he takes in the decline and what he does, I mean the investors action, that's what matters, and not if he panicked or not. However, at that point, a trader might panic and sell, while an investor, who is in for a long time investment will panic, overlook the market and stull HODL, because he believes in Bitcoin and in the value Bitcoin can create in a long time. Thus, your actions matters, not necessarily the immediate panic.

Sure.  There is probably some truth in what you are saying @Perfect-World, since it seems to be the case that guys who consider themselves to be investors and if they are trying to think and/or act like an investor, then most likely they are going to be developing and reinforcing longer time perspectives in regards to how to consider their accumulation of bitcoin and the purposes of their accumulation of bitcoin.

Many of us cannot imagine real investors into bitcoin who might consider themselves as having timelines that are less than 4 years, since if guys are trying to play shorter term timelines, such as trying to play the waves of a cycle, then that comes off more as trading rather than investing.. so there seems to be something special in  regards to developing a mindset that considers the bitcoin investment to be 4-10 years or longer, rather than shorter periods of time, such as less than 4 years.

You can divide investing into two parts. One is attack and the other is defense. Attack helps you grow your investment fund, for example, buying strategies and achieving goals. The most important part of long-term investment success is the defense part of the investment, acquiring the knowledge (related to financial management, risk management, investment management, etc.) necessary to sustain the investment fund in the long term

I feel the both are very important. Buying is as important as HODLing, because if you don't buy, or keep buying consistently, what then would you be HODLing, an empty sack of zero BTC? While you learn to HODL, also learn to buy, and consistently too. It's better that way.

Many of us understand that in order to get started buying bitcoin a bitcoin newbie does not need to have steady funds and/or even a good income or even any good financial and/or psychological situation, as long as he has discretionary funds he can get started buying bitcoin.

Yet, at the same time, we also know that everyone has expenses, so in order to live we need to be able to pay for our expenses or to be in a situation in which our living expenses are paid, and if we want to continue to buy bitcoin, then we have to continue to have funds that are in excess of our expenses.. so if we want to continue to build our bitcoin, we have to continue to have discretionary funds and likely we need to have some kind of an income flow in order to continue to be able to buy bitcoin on a fairly regular basis.

Sometimes there are going to be cases where bitcoin newbies want to build bitcoin and to continue to build their bitcoin holdings, yet they do not have enough money coming in to continue to buy bitcoin, so perhaps in those times they would be holding, even though their goal might be to continue to buy bitcoin and to build but they do not have enough income (discretionary funds) to be able to continue to buy bitcoin.

Both holding and ongoing buying of bitcoin is important, and sure it could take quite a bit of time to get a person's bitcoins holding up to a large enough size that he starts to believe that he has enough bitcoin or more than enough bitcoin, so he may well spend years and years both buying bitcoin and holding bitcoin and even trying to assess the extent to which he reasonably believes that he has enough bitcoin or more than enough bitcoin.  None of us can judge for another person unless we sufficiently know his circumstances and his goals, and many times we need to judge our own situation rather than figuring out another person's situation in regards to his bitcoin accumulation and/or the strength of his cashflow management.

The amount of Bitcoin you deposit in the investment fund does not determine your success, but how long you can hold the fund.

You are laying too much emphasis on HODLing, as if buying is not important. You must buy to be able to HODL.
No doubts that holding BTC for long yields more income, that's true. But investors must also bear in mind the importance of consistent buying.

Take for instance two investors who are buying Bitcoin.
Mr A buys $50k worth of BTC and STOPS buying at the end of 2025, and is determined to HODL till Bitcoin hits a new ATH market price.

While MrB also buys $50k worth of BTC at the end of 2025 and is still ongoingly buying BTC consistently in 2026, using the DCA, determined to keep buying and HODLing. And hopefully, Bitcoin hits a new ATH market price at the end of 2027. At this point, who makes more profits??

What the fuck are you talking about @Perfect-World.  Sure, there is no problem to compare a guy who bought his bitcoin in or prior to 2025 to a guy who continued to accumulate bitcoin after 2025, yet at the same time, you are talking about taking profits within a 3-year period of time?  

Are you fucking lost?  What thread are you in?  We are talking about investing in this thread, and not trading, and if you believe that 3-years or less happens to be a long enough investment timeline merely based on the bitcoin being "in profits" then it seems that you have different ideas about investing than what we are tending to talk about in this thread.

So go ahead.  Tell us what the fuck you are talking about when you are seeming to want to proclaim that it is relevant to this thread to be buying bitcoin in 2025, 2026 and maybe into 2027 and then selling them (or wet dreaming over your bitcoins) because they may happen to be in profits.

Why should anyone here (including guys who might have had started accumulating bitcoin in 2025) be trying to make those kinds of trades and/or to handle their bitcoin in terms of the extent to which they might be in profits in 2027?

You registered here about a month ago, and sure, you could have had started buying bitcoin in 2025, yet I hardly consider those kinds of time frames to even be close towards anyone being able to really build a meaningful bitcoin portfolio (even if he had been frontloading his bitcoin holdings), and even if I consider that there could be guys who might have had been able to buy (or reallocate) 2-ish years of their income in 2025 and/or 2026, it still would be a challenge for me to to consider very many scenarios in which guys like that might have had been able to even consider to take profits (in an investment sense) whether we are talking about price-based sustainable withdrawal or time based sustainable withdrawal - even though surely, price-based sustainable withdrawal does seem to have quite a bit more flexibility in regards thresholds for starting to sell, even though I personally don't consider those as "times for taking profits," but instead potential ways to manage bitcoin holdings (for insurance purposes) for guys who want to sell portions of their bitcoin as the price goes up.. .. yet also there continues to be ongoing tensions when guys are starting to sell any of their bitcoin prior to reaching overaccumulation status and when they consider themselves to be still in their accumulation stage.  You can seem quite a bit of my discussions on sustainable withdrawal in my sustainable withdrawal thread.

Is it MrA who bought $50k and stopped buying at 2025 while HODLing till 2027 when Bitcoin had a new ATH? Or
MrB who bought the same amount($50k) at the end of 2025, and kept on buying through 2026-2027 till Bitcoin hits a new ATH?

Obviously, MrB would have made much more profits than MrA because he bought more and also HODL. Thus, while we are laying emphasis on HODLing, we should also know that buying consistently is also very much important in your investment journey.

Sure.  It tends to be better to keep buying rather than buy and then sit on your hands, but still your timeline takes away from your point, even if you are either not planning to sell in 2027 or other discontinuations of buying in 2027 based on your seeming distraction by the idea of "profits.

[Perfect-World]

we also know that everyone has expenses, so in order to live we need to be able to pay for our expenses or to be in a situation in which our living expenses are paid, and if we want to continue to buy bitcoin, then we have to continue to have funds that are in excess of our expenses.. so if we want to continue to build our bitcoin, we have to continue to have discretionary funds and likely we need to have some kind of an income flow in order to continue to be able to buy bitcoin on a fairly regular basis.

Sometimes there are going to be cases where bitcoin newbies want to build bitcoin and to continue to build their bitcoin holdings, yet they do not have enough money coming in to continue to buy bitcoin, so perhaps in those times they would be holding, even though their goal might be to continue to buy bitcoin and to build but they do not have enough income (discretionary funds) to be able to continue to buy bitcoin.

  None of us can judge for another person unless we sufficiently know his circumstances and his goals, and many times we need to judge our own situation rather than figuring out another person's situation in regards to his bitcoin accumulation and/or the strength of his cashflow management.

I agree with you Sir. Your points are very clear and understandable. Truly, some investors might have had an investment timeline prior to there investment journey, and sometimes, difficulties of creating and steadily having a Discretionary income to continuously invest in Bitcoin my become a problem and they might as well just HODL while they they try to find out ways to figure out there investment and/or discretionary. People financial challenges some of the times, and I believe this is just realistic, and I believe this is one the advantages the folks have over the poor.

What the fuck are you talking about @Perfect-World.  Sure, there is no problem to compare a guy who bought his bitcoin in or prior to 2025 to a guy who continued to accumulate bitcoin after 2025, yet at the same time, you are talking about taking profits within a 3-year period of time? 

Are you fucking lost?  What thread are you in?  We are talking about investing in this thread, and not trading, and if you believe that 3-years or less happens to be a long enough investment timeline merely based on the bitcoin being "in profits" then it seems that you have different ideas about investing than what we are tending to talk about in this thread.

So go ahead.  Tell us what the fuck you are talking about when you are seeming to want to proclaim that it is relevant to this thread to be buying bitcoin in 2025, 2026 and maybe into 2027 and then selling them (or wet dreaming over your bitcoins) because they may happen to be in profits.

Why should anyone here (including guys who might have had started accumulating bitcoin in 2025) be trying to make those kinds of trades and/or to handle their bitcoin in terms of the extent to which they might be in profits in 2027?

Smiles Sir JJG, maybe I didn't tailor down my points rightly and sure, it may had sounded or seemed like am talking about talking profits just within 3 years of investing in Bitcoin, but No, that wasn't the point I was trying to make.

The previous speaker was laying lots of  emphasis on HODLing, and I began to wonder wether accumulating is not also important as HODLing. Then I tried giving the example of a guy who bought and ended in 2025 and stopped buying, and the other guy who continued buying till 2027. It was just an illustration and I just used a closed timeline(2025-2027) just so that my points could be short and we'll understood, that the guy who buys more gets more while HODLing. Not necessarily promoting short time trading mindset. Far from it.

All the same, your points are well understood. Weldon Sir.

[Dxdiax26]

The earlier that a guy is in his bitcoin investment journey, then the less worried that he should be about the BTC price dropping, since he can buy more bitcoin when the price drops.

Of course, the longer that he had been accumulating bitcoin, then the more worried he may well become about the amount that he had already bought, since that amount that he bought would be dropping in value greater than any benefit that he perceives himself to be getting by ongoing and persistent buying of bitcoin.

The perspective of a guy who invests into bitcoin 4-10 years or longer should be to keep buying no matter the direction of the price, especially if he is in his first 4 years of accumulating bitcoin.

Of course, this is true, because at the beginning of the journey people don't think much about what might happen. Moreover, the market price drop that occurred early in the journey created anxiety that prevented them from buying Bitcoin when they knew the market was in decline.

Because they had accumulated too much Bitcoin, anxiety arose about the market decline preventing them from taking advantage of the accumulated amount they had purchased at a relatively low price when they first started their investment journey. Ultimately, they had to think more wisely about their purchases avoiding the greedy behavior they had previously shown.

Indeed, what should be done when investing for a period of 4-10 years is to make purchases without considering market conditions, whether they are declining or rising. This way, our focus remains on investing within our predetermined timeframe, ensuring the maximum return on our investment.

[ZeroVinsonN]

Let's assume a guy is getting $80k in his discretionary income, if the guy is a newbie then I will say there's no problem if they want to go all in especially during their first time of buying bitcoin.

For a newbie this is definitely the worst kind of advice you can give, because if we are assuming their person is a newbie we can also assume they don't have their emergency fund or any backup fund in place, if they go all in on buying bitcoin with that $80k then they end up with 80k worth of bitcoin and $0 worth of emergency fund, the moment something goes wrong they will have to sell their bitcoin, it's a no-brainer.
But if they split the money between their investment, their emergency fund and also their discretionary spendings, now the percentage for this split is up to the individual but splitting their discretionary income into 3 parts is the best move for a newbie who wants to invest in bitcoin.

[Big Dirams]

The moment someone failed to hold bitcoin for a long term they automatically become a trader whether it was part of their plans initially or not . The main reason why most people do panic is mostly as a result of investing with money that is for their basic needs and they can afford to lock this money away for years. Therefore there is tendency for them to Panic and make decisions based on fear.
Holding bitcoin for a long term doesn't mean it is guaranteed for a successful returns.

We can arguably say there is guarantee of making profit when bitcoin is held over a long period of time. going by it’s behaviour and history, there has never been anyone that has come out to say that they held bitcoin for long time that didn’t get a reasonable return of investment, if it wasn’t guaranteed we won’t even be wasting our time advocating for long term storage, believe in bitcoin, believe in its long term holding rewards.

Why would you think there is guarantee in bitcoin holding? No denying that in bitcoin history, it has profited those that held for long term countless time but still that shouldn’t be what grantee your beliefs and points that bitcoin is totally guaranteed when held for a long period of time.
Historically it has occur more than twice where bitcoin experience 50% to 80% price drops and if this could happen more than twice then what making it not to experience same thing again. The market remains unpredictable and still a volatile place so anything could happen even if we hold for a long term so no guarantee of success and you shouldn’t make other new investors thinks of bitcoin as a success guarantee when hold for a long.
Their is higher chances though but not success guarantee man.

[Wash Skin]

Let's assume a guy is getting $80k in his discretionary income, if the guy is a newbie then I will say there's no problem if they want to go all in especially during their first time of buying bitcoin.

For a newbie this is definitely the worst kind of advice you can give, because if we are assuming their person is a newbie we can also assume they don't have their emergency fund or any backup fund in place, if they go all in on buying bitcoin with that $80k then they end up with 80k worth of bitcoin and $0 worth of emergency fund, the moment something goes wrong they will have to sell their bitcoin, it's a no-brainer.
But if they split the money between their investment, their emergency fund and also their discretionary spendings, now the percentage for this split is up to the individual but splitting their discretionary income into 3 parts is the best move for a newbie who wants to invest in bitcoin.

To invest in Bitcoin, we must know how to maintain our Bitcoin investment, whether we are a new Bitcoin investor or an old investor, it mainly depends on the strategy we follow. The more you follow the Bitcoin investment strategy, the more likely you are to succeed in the future. Therefore, it is most important to form an emergency fund, because only an emergency fund will protect your Bitcoin investment and make it possible to travel safely in the future.
Therefore, along with Bitcoin investment, it is important to form a Bitcoin emergency fund.

[ruykeri]

Let's assume a guy is getting $80k in his discretionary income, if the guy is a newbie then I will say there's no problem if they want to go all in especially during their first time of buying bitcoin.

For a newbie this is definitely the worst kind of advice you can give, because if we are assuming their person is a newbie we can also assume they don't have their emergency fund or any backup fund in place, if they go all in on buying bitcoin with that $80k then they end up with 80k worth of bitcoin and $0 worth of emergency fund, the moment something goes wrong they will have to sell their bitcoin, it's a no-brainer.
But if they split the money between their investment, their emergency fund and also their discretionary spendings, now the percentage for this split is up to the individual but splitting their discretionary income into 3 parts is the best move for a newbie who wants to invest in bitcoin.

If a new investor buys Bitcoin with a all discretionary fund, then during the long term investment if he needs money at emergency moment in the future, he may have to sell his Bitcoin holding. Emergency fund gives the investor an option at that moment when people have an emergency, such as if their income stops, their job is lost, or medical expenses arise. Especially that person does not have to make a decision to sell their Bitcoin holding at the first time . He can use the backup fund he has kept at the beginning. And the backup fund not only prevents forced selling, it also keeps the long-term mindset strong and provides financial stability. It helps an investor to stay mentally calm, especially during the volatility of Bitcoin's price.

[Comeacross]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

If I may ask, what's really the difference between method and approach? 

Because to me, method is same as approach. If you are doing DCA to accumulate bitcoin, that's your approach to accumulate bitcoin. Buying the dip is another approach and likewise, lump sum is another approach. The only thing that makes the difference here is your mindset behind the method you choose to accumulate bitcoin.

No method or approach guarantees success especially if you're having the wrong mindset behind the method you're using. For instance, if you're DCAing but you have the mindset of a trader, you're likely not to succeed because DCA method should be accompanied with holding for long time mindset.

[abaeze]

A method can never guarantee success but rather what will guarantee success in anything we do is how we approach things and the ability of those things to do great in the future. Just like in Bitcoin investment our success is dependent on how we approach Bitcoin with our strategy and the ability of Bitcoin potential to speedily increase in the future. If someone is using the DCA method and then due to a little change in price the person panic, it means they are not long term holder but a trader.

If I may ask, what's really the difference between method and approach?  

Because to me, method is same as approach. If you are doing DCA to accumulate bitcoin, that's your approach to accumulate bitcoin. Buying the dip is another approach and likewise, lump sum is another approach. The only thing that makes the difference here is your mindset behind the method you choose to accumulate bitcoin.

No method or approach guarantees success especially if you're having the wrong mindset behind the method you're using. For instance, if you're DCAing but you have the mindset of a trader, you're likely not to succeed because DCA method should be accompanied with holding for long time mindset.

Dude Stop debating ! The difference here is mainly in terminology. In this context, the words method and approach can be used interchangeably, but I will keep them separate from mindset.

DCA, lump sum investment or buying during a dip are all different methods or approaches to accumulating Bitcoin. But the mindset behind using these approaches is a different matter. For example, someone using DCA may have the mindset of a short-term trader and may panic and sell if the price drops even slightly. So I agree with the statement that no approach guarantees success.The approach determines how you enter the market, and your mindset determines how you behave after entering. And of course, the long-term performance of Bitcoin is another thing that no investor can guarantee in advance.

[Merit.s]

If I may ask, what's really the difference between method and approach? 

Because to me, method is same as approach. If you are doing DCA to accumulate bitcoin, that's your approach to accumulate bitcoin. Buying the dip is another approach and likewise, lump sum is another approach. The only thing that makes the difference here is your mindset behind the method you choose to accumulate bitcoin.

No method or approach guarantees success especially if you're having the wrong mindset behind the method you're using. For instance, if you're DCAing but you have the mindset of a trader, you're likely not to succeed because DCA method should be accompanied with holding for long time mindset.

I know this is a little off topic, I feel that approach and method might be similar in mean but at the same time it doesn't mean the same exact thing. I might be wrong and I know that we are learning everyday.

Approach means the way to look at things and how to get it done, which is your mindset towards it. It's just like I will use DCA to build my bitcoin portfolio weekly and how much you are to use to buy weekly.

Method simply means the steps you take to do something, putting it into practice. I am growing my bitcoin portfolio with DCA method, I just bought yesterday.

However, it shouldn't be what we emphasize on but keep your DCA ongoing as long as your expression is understood. Yea, no method guarantee success but we still hope for the best in our bitcoin investment which is why using only what you can afford to lose matters a lot in order for you to be consistent and persistent in your bitcoin accumulation because from past records, the odd of bitcoin price moving uptrend is higher than moving downtrend and bitcoin is still young.