Long term investors are the real investors, is not easy to hold watch your money going down by the day, people who buy occasionally during deeps and store don't usually calculate current price action because they are after the future. Characters of holding includes not checking or bordering about daily price, not minding the reductions or increase in price, they're after accumulating more of bitcoins in units or fractions, not regular negative news listeners, and they barely tells if they've loss a lot from the system, finally they're very patients enough to wait for recovery and overflows in price.
But as humans have you ever have this fear of holding? Like what if something happens to my investment? Did the negative news sometimes threatens your feelings? Like a case of politician in my community who bought 10 units of bitcoin after his political appointment six month later was caught by government ban policies trying to withdrew remaining units of 5 and some fractions after the long time of bearings season, he was sore afraid to loss more than that. He was caught by bank regulatory policies of no transactions with Cryptos related business and local banks and his account was seized.
Have you also have that fears before? Is holding for too long OK?
Back then I was afraid of holding too much last 2020 when Bitcoin was hovering between $12k to $15k. I quickly sold fractions of BTCs to USDT for me to start buying Christmas gifts to my loved ones.
But a few days later, BTC skyrocketed to more than $20k+ which is something that I have regretted. Of course, it isn’t my last money though. I just don’t have enough faith back then.
For me not to make that same mistake, I started doing DCA with BTC last year despite that I am at a loss. But some of my DCAs I did bought between $19k to $23k which I am in a little bit of a profit and anticipating the BTC halving next year.
