Buy Buy Buy or Sell Sell Sell?

[wmaurik]

...

This type of investor will not let price fluctuations affect their decisions. They have already made the decision to hold bitcoin and will not be distracted by any charts or news that hits the market. If you have other purposes for viewing charts, such as education or discussions with others, I think that's fine as long as it doesn't lead to selling when the asset's value is declining. However, if you decide to sell Bitcoin, that's your own choice and has nothing to do with looking at the charts.
In essence, the decision to sell or hold for the long term should be based on investment goals and strategies, not just on price fluctuations. This is where one must be able to develop discipline and patience to store bitcoins in the long term without being disturbed by whatever situation occurs in the market.

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

[Joeboy]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

[Crytohillss]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A good investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

[barisbilgili]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A goods investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

That's what true investors are, and I'm sure every investor is aware of this. Some of those who fail to implement long-term planning do so because they can't control what happens, not because they're unsure about the future.
While it's easy to say trust me implementing it involves a lot of fear and things beyond our control.
Now we are here just saying that buying and continuously accumulating and storing it for a long period of time, I am sure all of us have the same plan but not all of us will be successful.

[arwin100]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

People need to be ready to deal with volatile movement of Bitcoin since this is the natural characteristic of this asset. If they get afraid of those movements especially if there sudden downward movements then most provably that they won't succeed especially if they plan to go long term on Bitcoin.

But if they treat those things as normal situations and take advantage on the dumps or be consistent to accumulate whether the market is pumping, for sure they will be fine and could provably gather lots of Bitcoin which they could use in future.

[Muba20]

Those who are real investors will never be too worried about this volatility of Bitcoin. However, a new investor may be scared to see such a situation in the market. However, what we need to do to keep ourselves in order during this decline is what I have shared with you from my own experience. As soon as the decline began, I started watching good news about Bitcoin and I tried to build my faith in Bitcoin and learn a lot about investing.

As you said, when you had an idea about the positive aspects of Bitcoin, knowing about the price increase or getting good profits, you may not have noticed its negative aspects and most people who are afraid of the market decline do not have an idea about the market fluctuations, do not know about the volatility of Bitcoin and do not prepare for negative situations. Now the main point is, if an investor has an idea about some things, then he will not be afraid of the market fluctuations. I think the investment money should be such that even if it is lost, it will not affect the person's life or he will be prepared to lose that money. Most people who do not want to lose money sell out of frustration when the price drops. Also, it is important to have an idea about the market situation before investing in Bitcoin. Because if you do not have an idea about how the market fluctuates, it is natural to be disappointed when it drops too much. Moreover, the most important thing is the mindset, because if you do not have that mindset, it becomes difficult to hold it for the long run.

[Hardyrobust]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A goods investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

For long term investors volatility doesn't really matters to them that they are moved by the market movement. It is those investors that are not into bitcoin for long time that market fluctuations do matters alot to. There major priority is to make quick profit and thats why they are much bother by price fluctuations. They want to enter when it will be favourable and also to exit when it will also be favourable this the reason why they are moved by price fluctuations.

[Sticky Bomb]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A goods investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

That's what true investors are, and I'm sure every investor is aware of this. Some of those who fail to implement long-term planning do so because they can't control what happens, not because they're unsure about the future.
While it's easy to say trust me implementing it involves a lot of fear and things beyond our control.
Now we are here just saying that buying and continuously accumulating and storing it for a long period of time, I am sure all of us have the same plan but not all of us will be successful.

There are various strategies to implement so you can be able to control what happens during your investment period and they are as follows

• Investing with your discretionary income only so you are not using the money you would be needing anytime soon and as such expenses wouldn't be a problem that affects your buying and holding
• Build out backup funds like emergency funds and others so you have a lifeline in the event of emergencies and not just fall back to your portfolio to solve those urgent needs
• Create a healthy balance between your finance and buying bitcoin so you don't get overly aggressive which cannot be sustainable for long
• have a definite accumulation target and holding period which you always reference upon and be sure to be consistent with your buys without relenting unless you do not have discretionary income any longer.

The truth is that some of these guiding principles are perfected while already in your accumulation journey, but if you acquire and try to stick on them, chances that situations might be above your control are slim. Mistakes are unavoidable, especially for newbies, but with the correct mindset, whenever you find yourself erring, you pick up yourself, make adjustments to suit you better and continue from where you stopped to follow up your buys. As you advance in your accumulation journey, you'll have more control in managing your cashflow better and having a smoother accumulation journey.

[mamesso]

People need to be ready to deal with volatile movement of Bitcoin since this is the natural characteristic of this asset. If they get afraid of those movements especially if there sudden downward movements then most provably that they won't succeed especially if they plan to go long term on Bitcoin.

Successful investors in Bitcoin are those who can manage their emotions and are not affected by short-term price movements and fully believe in the long-term potential because volatility is part of the nature of Bitcoin, their focus is also on long-term investment goals and also understand that price fluctuations are part of the process. If investors are not ready to face the fluctuations that occur in the market, it might be better for them to consider other, more stable investments. However, if they fully believe in Bitcoin growth, they need to develop discipline and patience to face the fluctuating price movements.

One of the keys to success in Bitcoin investment is to always follow the investment plan even if there are short-term price changes. Investors should not be influenced by news or opinions from others and must always focus on investment goals.

But if they treat those things as normal situations and take advantage on the dumps or be consistent to accumulate whether the market is pumping, for sure they will be fine and could provably gather lots of Bitcoin which they could use in future.

If investors consider fluctuations as a normal situation that occurs in the Bitcoin market and then take advantage of price drops to continue accumulating, then they can have huge profits in the future. No matter what the market situation is, as long as they consistently accumulate even when the market is going up or down, they can reduce the risk of loss while increasing the potential profit, a strategy used by many successful investors in Bitcoin (DCA).

Additionally, when investors start to view fluctuations as an opportunity to buy more Bitcoin at a lower price, this action can help them develop a positive mindset and remain disciplined in investing. In this situation, they are no longer focused on losses, but rather on the potential for long-term gains.

[BlackBaron]

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

Of course, emergency funds should not be combined with savings, because in terms of their purpose, the two are very different. As we know, emergency funds are money set aside for urgent situations such as illness and so on. So, to make things easier and to avoid confusion, emergency funds should be kept separate from other funds. In addition, my advice is that a small portion of the emergency fund should be kept at home for easy access, and the rest can be stored in a bank account.

However, the problem is that if we keep money in a bank account for a long period of time, the emergency fund will inevitably be eroded by inflation. Therefore, the best solution, in my opinion, is to store the emergency fund in an asset that is not eroded by inflation. But here I am also confused about what asset is suitable for storing emergency money. Bitcoin could be an option, but the problem is that its price fluctuations are unpredictable. Therefore, I believe mutual funds would be very suitable for storing our emergency funds. What do you think about this? Is it relevant or not? Because currently, I have already transferred part of my emergency funds into mutual funds.

Regarding what assets we can buy to store value, I think gold is fairly suitable for me. And I also do that, I usually set aside money for an emergency fund and when the money I collect is enough to buy gold, then I will transfer it. Sometimes I also buy coins, but only for the short term.

But I don't buy all of them either, I will still keep FIAT but I have taken it according to my needs. I'm just sharing my experience, because I think everyone has a different way of saving emergency funds.

[Emjay24]

For long term investors volatility doesn't really matters to them that they are moved by the market movement. It is those investors that are not into bitcoin for long time that market fluctuations do matters alot to. There major priority is to make quick profit and thats why they are much bother by price fluctuations. They want to enter when it will be favourable and also to exit when it will also be favourable this the reason why they are moved by price fluctuations.

Those who go into the market and leave immediately they get little profits are not to be classified as investors, but are traders who are gambling with bitcoin. The best way to benefit properly from your bitcoin investment is going long-term in it. Market fluctuations is a natural thing for bitcoin and determined investors take advantage of it rather than being scared by it. If an investor is bothered by price fluctuations, it is either that they are ignorant of bitcoin volatility or they are traders in which most times the latter is the case.

If an investor is determined to go long term in bitcoin, he would not be deterred by price fluctuations since they are going to be more interested in getting more quantities of bitcoin and reaching their accumulation targets faster within their holding period and would pay little or no attention to the market sentiments.

Most times people tend to listen to the noise all over social media and by influencers and allow it to influence their investment journey which is very wrong and their success is cut short. In bitcoin investment you should act with consistency and dedication to building your portfolio and not allow external noises distract you and prevent you from getting your desired result from your investment journey.

[Gallar]

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Yes, for some people who may be new to the Bitcoin market or are new to a market like this chart, they certainly feel that the price volatility is abnormal. In fact, generally speaking, assets with volatility are very healthy. This means that a large number of people are transacting in that asset. Assets with relatively few buyers will generally not have high volatility and tend to be stagnant, which is clearly unhealthy. But Bitcoin is truly a very healthy asset.

Bitcoin is currently attracting interest and is being purchased by many people, and you can see for yourself the enormous transaction volume of people buying Bitcoin. So, for those new to the Bitcoin market, don't worry too much; you're on the right track. I also agree that long-term investment in Bitcoin is highly recommended, and I'm still on my journey, and I have a long way to go. But I will definitely keep going because it was my initial intention to be a long term btc investor

[sotelorene]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A goods investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

For long term investors volatility doesn't really matters to them that they are moved by the market movement. It is those investors that are not into bitcoin for long time that market fluctuations do matters alot to. There major priority is to make quick profit and thats why they are much bother by price fluctuations. They want to enter when it will be favourable and also to exit when it will also be favourable this the reason why they are moved by price fluctuations.

That is the mistake most persons make in Bitcoin they think Bitcoin is some kind of get rich quick scheme no! Bitcoin is far from that and getting rich in Bitcoin in a short period of time is an illusion and it can only happen by chance or luck and this luck is very rare to see. The best way to go about Bitcoin is through investing in it  by using your discretionary income and you don't necessarily need a steady or stable income to do this but the most important thing needed is just a discrestionary income and the DCA method happens to be a reliable and convenient method for both rich and poor.

[Silikiem]

Those who are real investors will never be too worried about this volatility of Bitcoin. However, a new investor may be scared to see such a situation in the market. However, what we need to do to keep ourselves in order during this decline is what I have shared with you from my own experience. As soon as the decline began, I started watching good news about Bitcoin and I tried to build my faith in Bitcoin and learn a lot about investing.

As you said, when you had an idea about the positive aspects of Bitcoin, knowing about the price increase or getting good profits, you may not have noticed its negative aspects and most people who are afraid of the market decline do not have an idea about the market fluctuations, do not know about the volatility of Bitcoin and do not prepare for negative situations. Now the main point is, if an investor has an idea about some things, then he will not be afraid of the market fluctuations. I think the investment money should be such that even if it is lost, it will not affect the person's life or he will be prepared to lose that money. Most people who do not want to lose money sell out of frustration when the price drops. Also, it is important to have an idea about the market situation before investing in Bitcoin. Because if you do not have an idea about how the market fluctuates, it is natural to be disappointed when it drops too much. Moreover, the most important thing is the mindset, because if you do not have that mindset, it becomes difficult to hold it for the long run.

When an individual is investing with a discretionary income, the idea of knowing about the market situation won’t be much of a problem before investing in bitcoin. What is most important is for the individual to be able to figure out a discretionary income to buy and invest in bitcoin at any market price or situation using the DCA method of accumulating bitcoin which enable investors to buy bitcoin whenever they have a discretionary income to accumulate and hold for long term goal no matter the market price or situation. Just a basic knowledge of bitcoin and a discretionary income to use and buy bitcoin and you’re good to go, you mustn’t wait to have an idea of market situation before you can start investing in bitcoin, it’s better to start accumulating bitcoin immediately the discretionary income is available.

[Pandorak]

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A goods investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

A true investor will not focus too much on current prices, next week's prices, or even next month's prices. The accumulation process alone can take years, perhaps 4 to 10 years or more. Therefore, their main focus is not on prices, but on how much Bitcoin they have managed to accumulate and how to accumulate even more. Their approach is more about gradual accumulation using the best method available today "DCA", where short term fluctuations mean nothing.

Once again, they understand that volatility is a natural part of assets like Bitcoin, so they won't panic over price drops. If they do, they're not true investors but traders who only see short-term opportunities, as their focus is on current prices, making them more emotional when prices fall.

[Bigjoe33]

Also, it is important to have an idea about the market situation before investing in Bitcoin. Because if you do not have an idea about how the market fluctuates, it is natural to be disappointed when it drops too much. Moreover, the most important thing is the mindset, because if you do not have that mindset, it becomes difficult to hold it for the long run.

Surely, knowing that bitcoin price fluctuates always is one important thing that investors or newbie investor should know. It's not necessarily studying the market or checking out market conditions, nope. Studying and knowing market conditions can happen or come along while already investing. It is just the knowledge that Bitcoin price is not always steady and can change at anytime. This will help the potential investor plan his investment and ensure that he invests with what he may not be needing anytime soon since the price can turn down unplanned. Secondly and next is,, figuring out your discretionary, with which you can start your investment

[POPOLUV]

This is logical because every action or step an investor takes for themselves is always based on discipline and a strategy deliberately developed for that purpose. Therefore, whether someone looks at price charts or doesn't watch the news, as long as these factors don't significantly impact their established strategy for long-term investment, then that person is a true investor who truly loves Bitcoin. Now most investors are still continuing to make purchases on Bitcoin even though there has been some news that may have affected the market during this time, but for investors who like to hold after buying Bitcoin, it is not a problem.

Volatility is a normal behavior for Bitcoin, it is inescapable and anyone who is infact interested in Bitcoin must be ready to accept it,. And yeah having a clear plan (plus the discipline to follow though) and the right mindset is what distinguishes investors form traders.....And we may very well say that true investors are those who keep following through with their long term plan, irrespective of short term price changes/ other external factors....

Price fluctuations don't really matter if your long-term thesis on bitcoin hasn't changed, which is why so many investors are still buying and holding because they understand the big picture and aren't shaken by short-term noise. A goods investors doesn't react to every headline or short-term movement; what matters is having a clear strategy and the discipline to stick to it.

For long term investors volatility doesn't really matters to them that they are moved by the market movement. It is those investors that are not into bitcoin for long time that market fluctuations do matters alot to. There major priority is to make quick profit and thats why they are much bother by price fluctuations. They want to enter when it will be favourable and also to exit when it will also be favourable this the reason why they are moved by price fluctuations.

That is the mistake most persons make in Bitcoin they think Bitcoin is some kind of get rich quick scheme no! Bitcoin is far from that and getting rich in Bitcoin in a short period of time is an illusion and it can only happen by chance or luck and this luck is very rare to see. The best way to go about Bitcoin is through investing in it  by using your discretionary income and you don't necessarily need a steady or stable income to do this but the most important thing needed is just a discrestionary income and the DCA method happens to be a reliable and convenient method for both rich and poor.

To be honest the desperation in humans  in the act of embarking to Bitcoin investments with the mindset of making money with a short frame, and which many that is not patient enough end up not investing in Bitcoin because their desperation of quick money has lead them to a scam scheme which they lost so much money while investing in the scheme, the investment so far is Bitcoin as far your discretionary income is available for you to use and invest,

[ejikeme24]

To be honest the desperation in humans  in the act of embarking to Bitcoin investments with the mindset of making money with a short frame, and which many that is not patient enough end up not investing in Bitcoin because their desperation of quick money has lead them to a scam scheme which they lost so much money while investing in the scheme, the investment so far is Bitcoin as far your discretionary income is available for you to use and invest,

I'm not even bothered about how desperate most people are towards Bitcoin investment because I know surely no one will ever want to miss such opportunity unless those folks that like doubting every single thing, so you don't necessarily need to blame those who are being desperate to invest into Bitcoin. as a matter of fact they have seen a potential in it so what did you expect? My only problem about most of this people is that instead of focusing on the long term investment they are now looking into short term which is not meant to be.

[IjawMan]

... and most people who are afraid of the market decline do not have an idea about the market fluctuations, do not know about the volatility of Bitcoin and do not prepare for negative situations...

It is the most retard attitude of negligence for a person to invest his money into an asset  without having a basic concept of that asset, and for bitcoin one of its basic concept is that it is a volatile asset with an unpredictable up and down price movement.

What I believe is that those persons do know about bitcoin price fluctuations but they are in the group of those that are out for a short term profit making adventure. Of which a real investor in bitcoin understands that the consistent long term accumulation of your bitcoin stash is the way forward to real profit in real time than  a short term trading mindset.

[Grace333]

Those who are real investors will never be too worried about this volatility of Bitcoin. However, a new investor may be scared to see such a situation in the market. However, what we need to do to keep ourselves in order during this decline is what I have shared with you from my own experience. As soon as the decline began, I started watching good news about Bitcoin and I tried to build my faith in Bitcoin and learn a lot about investing.

As you said, when you had an idea about the positive aspects of Bitcoin, knowing about the price increase or getting good profits, you may not have noticed its negative aspects and most people who are afraid of the market decline do not have an idea about the market fluctuations, do not know about the volatility of Bitcoin and do not prepare for negative situations. Now the main point is, if an investor has an idea about some things, then he will not be afraid of the market fluctuations. I think the investment money should be such that even if it is lost, it will not affect the person's life or he will be prepared to lose that money. Most people who do not want to lose money sell out of frustration when the price drops. Also, it is important to have an idea about the market situation before investing in Bitcoin. Because if you do not have an idea about how the market fluctuates, it is natural to be disappointed when it drops too much. Moreover, the most important thing is the mindset, because if you do not have that mindset, it becomes difficult to hold it for the long run.

When an individual is investing with a discretionary income, the idea of knowing about the market situation won’t be much of a problem before investing in bitcoin. What is most important is for the individual to be able to figure out a discretionary income to buy and invest in bitcoin at any market price or situation using the DCA method of accumulating bitcoin which enable investors to buy bitcoin whenever they have a discretionary income to accumulate and hold for long term goal no matter the market price or situation. Just a basic knowledge of bitcoin and a discretionary income to use and buy bitcoin and you’re good to go, you mustn’t wait to have an idea of market situation before you can start investing in bitcoin, it’s better to start accumulating bitcoin immediately the discretionary income is available.

If the money been used is truly discretionary, then overthinking market conditions just slows you down for no real reason. Bitcoin is not something you are trying to time every single week, especially if the plan is long term. The DCA approach already remove the stress because you are buying when ever you have extra money, not when the market looks good according to noise on social media..

A lot of people delay starting because they feel they must fully understand market cycles very well. Meanwhile, time keeps moving. With basic knowledge of Bitcoin and a clear plan to only use money you can afford to set aside, you are already ahead of most people. The key part is consistency, not the prediction…