Buy Buy Buy or Sell Sell Sell?

[MiF]

That is the mistake most people make when it comes to buying. You have to have an emergency fund because that is the only way you can do better without selling off. After all, if you understand which investments you are supposed to sell when you have made a profit, and only when you have decided to make a profit in your mind, then you don't have a choice but to do the right thing by finding a way to have emergency funds in place so that you don't make the mistake of ending up selling like others. Additionally, if you want to invest, you must be prepared to put things in place that are the only way things can get better. If you don't do the right thing, it will become a problem later on, which is why they will always end up selling because having emergency funds is the best option if you don't take care of all these things.

Usually, people who start investing think that they will be able to make a profit after a few days. But when they see that the price of Bitcoin is going down, they sell it and start thinking about other things. But you should invest in Bitcoin continuously and maintain its continuity.

Now I agree with you that a certain income is required to do this. It can be a business or your job. However, if there is no continuous source of income, then you should refrain from investing for a few days. Because if you think that you have lost after investing, then if you sell it, you will lose more; this is something most people do not understand.

Those who come to invest with such a mindset are not real investors at all, their only purpose is to make a profit. There are many people who buy Bitcoin thinking that the price will increase after a few days and they will sell it and make a profit, but when the market faces instability, they sell it out of fear. Basically, investors try to hold on to more Bitcoins when the price drops, but those who come with the sole purpose of making a profit do not maintain such a plan.
Of course, having a source of income is the most important thing in investing, especially when you invest at a time, if later the market goes down and you do not have the money, you cannot buy again. In any case, having a source of income will work best for investment, and if an emergency fund can be created before investing, it is even better. If someone faces a loss by investing in Bitcoin, it is wiser not to sell them but to be patient for some time, because the market will not always decrease, but will also increase.

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

[Soldroplet]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

I agree with your main point that emergency funds, backup funds and strong cash flow are very important in Bitcoin investment. However, "Your investment strategy should also provide for the timing and reasons for selling." I see this issue a little differently. In my opinion, the main goal in the first stage of Bitcoin accumulation should be to accumulate Bitcoin in such a way that one is not forced to sell it due to cash flow or emergency situations. So if one sets a short-term selling target at the beginning, then the issue is no longer about Bitcoin accumulation in the long term but about when to sell, at what price to sell - this market timing. Rather than thinking too much about when to sell from the beginning, it is more important to build the ability to hold Bitcoin for 4-10 years or more. Therefore, it is necessary to continue saving Bitcoin in the DCA- method with discretionary income and build cashflow and backup funds in such a way that one is not forced to sell Bitcoin in unexpected situations.

[liasbaa]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

It is not a question of blindly holding Bitcoin, you have to decide on a decent amount of Bitcoin holding and for that you have to do DCA regularly. Accumulating Bitcoin regularly is a wise move due to the continuous flow of discretionary income. You can get a satisfactory holding as a result of this best decision of yours.

My argument is that if the regular income stream continues, then you will be better off in Bitcoin accumulation for more than 10 years. Many investors are buying Bitcoin regularly but have not reached a reasonable level of accumulation, for them it will also be logical to increase the accumulate period. The main thing should be a period of 4-10 years and the minimum period is 4 years and the maximum is as long as your income stream continues.

Considering the minimum period and during the period of regular DCA and when you reach the overaccumulation stage, you can consider sustainable withdrawal method.

[Obulis]

The average cost of buying Bitcoin is likely to be higher for someone who is constantly, consistently, regularly, and perhaps even aggressively buying Bitcoin than for someone who is strategic about their Bitcoin purchases.

You think that it is better to employ waiting tactics as compared with ongoingly buying bitcoin?  You are very presumptive, including that you think that it is better to have a lower cost per BTC rather than having more BTC.

And, especially if we measure out for 1-2 cycles or longer, it may well have had been  better to stay focused on trying to improve discretionary income and ongoingly buying bitcoin, rather than fucking around waiting for dips that might not happen.  Waiting is an unhealthy and unserious attitude when it comes to bitcoin accumulation.

Do you need an example? or you just presume that you are smarter than everyone else in terms of being able to identify when and/or how far dips are going to happen?

People who think the waiting tactics is a better option cause their discretionary income is small amaze me, is it that they've lost hope of getting more income or just dependent on Bitcoin for wealth without putting efforts to make it achievable, because if someone consistently accumulate Bitcoin for over a full circle, there's chances that the person could get another source of income before or after a full circle and be able to generate more discretionary to increase the % for accumulating, so having little discretionary for a start is not an excuse for waiting for Bitcoin to go lower before buying.

Not at all, small discretionary income can't be an excuse or a reason (anyhow they want to lock at it) for tirelessly waiting for Bitcoin to dip before buying.The energy they spend waiting can be spent on trying to increase their source of income to generate more discretionary funds to increase their accumulation percentage. For those who have been waiting for long now, maybe they would have made extra income if they had channeled this energy on trying to increase income source. Applying waiting because of small discretionary income implies that they want to get rich with their little amount of money just like gamblers. Working on getting another source of income is really the best thing to do instead of waiting hopelessly as if they can not be able to get more income and even invest in other assets to build wealth.

[Princess Leah]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Some investors don't really understand the importance of the emergency funds and steady income until they're forced to sell at lose and solve emergency situations or give in to emotional pressure cause they can't sustain their discretionary income, those stuffs aids the investment go smoothly and should be taken seriously.

 People who sell too early out of emotion feels that taking profits whenever there's a dip is the right thing to do but they're selling at lose cause when the market recovers and goes higher it mostly leads to regrets and that's when they realise that holding longer and adding to it continuesly would've been more better, by then it would be too late cause they sold way cheaper.

[Derekfunds]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Anyone investing in Bitcoin with emotions simply means they don't know what they are doing and also they are not using the right funds to invest which is discretionary income. If a folk uses his or her discretionary income to invest in Bitcoin there won't be any emotions because they are using what was leftover after they have takeb care of their needs. The right time to sell some of our Bitcoin is when we have gotten to overaccumulation stage because our target have been met.

[Female King]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Some investors don't really understand the importance of the emergency funds and steady income until they're forced to sell at lose and solve emergency situations or give in to emotional pressure cause they can't sustain their discretionary income, those stuffs aids the investment go smoothly and should be taken seriously.

 People who sell too early out of emotion feels that taking profits whenever there's a dip is the right thing to do but they're selling at lose cause when the market recovers and goes higher it mostly leads to regrets and that's when they realise that holding longer and adding to it continuesly would've been more better, by then it would be too late cause they sold way cheaper.

When investing in bitcoin for a long time there are things that should not be neglected unless you just want to gamble around that you will neglect them, emergency funds is important if you are an investor that don't want to sell too soon. Not having a steady income shouldn't also stop us not start buying bitcoin, most people that is buying bitcoin and hodl for long doesn't even have a steady source of income still they are buying bitcoin, what you needed is having your discretionary income which is money you can afford to lose after you have put first other of your important needs in place then the remaining one left can be use to buy and also from it you can get your emergency funds.

[Cgrexp]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Anyone investing in Bitcoin with emotions simply means they don't know what they are doing and also they are not using the right funds to invest which is discretionary income. If a folk uses his or her discretionary income to invest in Bitcoin there won't be any emotions because they are using what was leftover after they have takeb care of their needs. The right time to sell some of our Bitcoin is when we have gotten to overaccumulation stage because our target have been met.

Even when using discretionary income  many people are affected by fear, greed, or overconfidence in market fluctuations. Using the right funds reduces the risk of making wrong decisions due to emotions. People often make decisions based on emotions without considering their own financial capabilities . Money that is not earmarked for daily needs   and other essential obligations should be used to invest in Bitcoin. Using discretionary income at least reduces the risk of disrupting basic needs due to investment. However  it cannot be said that using discretionary income completely eliminates emotions. When investing in highly volatile assets like Bitcoin, there may be a tendency to buy more due to fear of market decline or the hope of quick profits. In addition to the right funds, investment planning, specific time frames, and discipline are also important.

[abaeze]

For those who have been waiting for long now, maybe they would have made extra income if they had channeled this energy on trying to increase income source. Applying waiting because of small discretionary income implies that they want to get rich with their little amount of money just like gamblers.

It is not a waste of time to wait for 1-2 weeks and buy at a comparatively low price of 5-10%, unless you wait for 1-2 months or longer, thinking that the price may decrease further. No one with limited/sufficient money will intentionally want to buy at a higher price.

A person may want to buy Bitcoin at a low price or say $50,000 and if he thinks the current price is beyond his risk tolerance, then waiting is not gambling but rather comparing it with his risk-taking behavior, probability, leverage, compulsive behavior, etc. Therefore, it is important to decide at what price and how much risk to invest according to his ability.

[Iamgoat]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Your last point is the main point to me. Blindly holding is never a strategy so it is better to always know why you are investing or buying, how long you intend to hold and under what circumstances you would sell before even investing in the first place . By so doing, it will give you something to hold on to even when emotions become strong and overwhelming. So don’t invest in bitcoin blindly without having a proper understanding of how you intend to move your journey forward and sustain your investment over a long period of time. Temporary investment plan is a poor way of getting involved in planning because it does not last long and you won’t achieve anything tangible or meaningful with it. In other to avoid such things from happening, invest with a purpose and a roadmap.

[ChocolateBitcoinK]

Usually, people who start investing think that they will be able to make a profit after a few days. But when they see that the price of Bitcoin is going down, they sell it and start thinking about other things. But you should invest in Bitcoin continuously and maintain its continuity.

It's lack of trust that used to make some new investors sell in a panic, they still think bitcoin price can go back to zero whenever Bitcoin price experiences a dip. If not that, I don't know why they would be in a rush to sell or quickly take their profits. Investing in bitcoin is a gradual process because bitcoin is here to stay. And it's different from other investment because you control your assets without any third party which gives you more confidence to invest in it continuously for a long term without any fear.

If you want to continue investing despite volatility, you first need to have faith in Bitcoin. If you get too scared during volatility, it means you haven't yet believed in the long-term potential of Bitcoin, and that's why you're getting more scared when you see short-term volatility. In fact, you have to let go of greed and emotion if you want to be stable in the long term.
Prices can fluctuate a lot, it's normal, but if you take it too seriously and see it as a big problem, then you won't have the confidence to accept volatility naturally. So you have to be responsible and use the right strategy to hold it for the long term. Here you have to survive to get good results, and there will be many obstacles in this survival, but you have to overcome them and be prepared.

[Crytohillss]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Your last point is the main point to me. Blindly holding is never a strategy so it is better to always know why you are investing or buying, how long you intend to hold and under what circumstances you would sell before even investing in the first place . By so doing, it will give you something to hold on to even when emotions become strong and overwhelming. So don’t invest in bitcoin blindly without having a proper understanding of how you intend to move your journey forward and sustain your investment over a long period of time. Temporary investment plan is a poor way of getting involved in planning because it does not last long and you won’t achieve anything tangible or meaningful with it. In other to avoid such things from happening, invest with a purpose and a roadmap.

Absolutely, before one can start bitcoin investment one shouldn't think of holding bitcoin blindly yes holding blindly is never a good idea it is always good to understand or know bitcoin capability, Bitcoin investment shouldn't be just for short term rum because a lot of people come into bitcoin just to make quick money just for interval of months so it is advice to invest bitcoin for longer period of term so that any time the market dip up one have proper understanding of how
one tend to invest that is the most important thing in bitcoin investment because bitcoin is unstable one should learn how to go about selling his bitcoin without any double thought.

[Hardyrobust]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Your last point is the main point to me. Blindly holding is never a strategy so it is better to always know why you are investing or buying, how long you intend to hold and under what circumstances you would sell before even investing in the first place . By so doing, it will give you something to hold on to even when emotions become strong and overwhelming. So don’t invest in bitcoin blindly without having a proper understanding of how you intend to move your journey forward and sustain your investment over a long period of time. Temporary investment plan is a poor way of getting involved in planning because it does not last long and you won’t achieve anything tangible or meaningful with it. In other to avoid such things from happening, invest with a purpose and a roadmap.

if someone decides to hold bitcoin blindly as you said, there is nothing wrong with that provided that they using the right strategy. There are people that  started investing in bitcoin without having a clear goal as how long they intend holding and this isn't a problem. I don't see how holding bitcoin blindly as you said will affect the investor negatively provided they are not thinking of selling their bitcoin when they are still in accumulation phase.

[Lembo69]

If you want to continue investing despite volatility, you first need to have faith in Bitcoin. If you get too scared during volatility, it means you haven't yet believed in the long-term potential of Bitcoin, and that's why you're getting more scared when you see short-term volatility. In fact, you have to let go of greed and emotion if you want to be stable in the long term.
Prices can fluctuate a lot, it's normal, but if you take it too seriously and see it as a big problem, then you won't have the confidence to accept volatility naturally. So you have to be responsible and use the right strategy to hold it for the long term. Here you have to survive to get good results, and there will be many obstacles in this survival, but you have to overcome them and be prepared.

Your words are reasonable. Another important point is that it is necessary to have an emergency fund or backup fund to avoid volatility. To avoid volatility, it is not enough to just trust the Bitcoin market. Maybe, an accident may happen to you during your investment or you may lose your job. In such a situation, you will definitely become unstable.

However, if you have an emergency fund, then you will not have to be so unstable even in such a situation. As a result, it will not have a negative impact on your daily life as well as your investments.
It may be a bit difficult for a low-income investor to create an emergency fund. However, even if the initial investment amount is reduced, building an emergency fund can be an effective way to make investments sustainable in the long run.

[Giwagi56]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Some investors don't really understand the importance of the emergency funds and steady income until they're forced to sell at lose and solve emergency situations or give in to emotional pressure cause they can't sustain their discretionary income, those stuffs aids the investment go smoothly and should be taken seriously.

 People who sell too early out of emotion feels that taking profits whenever there's a dip is the right thing to do but they're selling at lose cause when the market recovers and goes higher it mostly leads to regrets and that's when they realise that holding longer and adding to it continuesly would've been more better, by then it would be too late cause they sold way cheaper.

Sell too early is one of the biggest mistakes some people do, and what cause it is panicking, most of people who buy bitcoin these days don’t have mind to hold for long time and they will want to buy bitcoin because they saw a person who has become a successful person through bitcoin investment, you have to be ready and know how become successful in bitcoin. Investing in bitcoin doesn’t mean you should only have capital, you should be some be able to manage your capital and invest in bitcoin that you will not end up by selling the coins to cover your expenses, sometimes you will sell and regret your decision.

[Agbam]

Snip.

Regardless of how important it seems to be in the long run, maintaining consistency in your investment isn't still the only way to go about with your investment... Personally, I like to think that even in the long run, even if folks cannot figure out a stable source of income , they can still go ahead with their flexible mode of investing-- By investing the amount of discretionary income they can afford, at whatever time it is available... The major focus should be the availability of your discretionary income after basic needs and responsibilities have all been sorted out, and once it is available, investment can start as soon as possible no matter how small the amount is...

I agree that investing should start with discretionary income, rather than by forcing yourself. However, it is important to emphasize that for your investment to proceed smoothly and yield maximum results, flexible alone is not enough, you also need to remain consistent with your principles. It is fine to start investing with a small amount. However, do not use flexible as an excuse to delay. You must build the system first, then allow for flexible within it. The goal is to ensure investments continue regardless of your mood or whether there is money left over after covering basic needs.

You keep mentioning flexible….. flexible, that I can’t understand what you mean anymore. Investing in bitcoin should be done using money from the discretionary income. And should be done in such a way that is  consistent by providing financial cushion for your investment.

Flexibility should be that you’re able to invest as much as your discretionary can carry when it’s available, it doesn’t have to be a fixed amount or a fixed day of accumulation but it should be that you’re buying weekly or monthly whatever works for you.

Your last line is also out of the equation!.. how do you continue investing when there’s no discretionary money or are you suggesting using money for emergency or basic expenses to invest?

[Umulala-alala]

The goal is to ensure investments continue regardless of your mood or whether there is money left over after covering basic needs.

If you do this you are overly investing aggressively which is not the right way to invest in bitcoin, yes an investor is supposed to be consistent with there bitcoin accumulation but not when they don't have discretionary income to buy, so saying that a bitcoin investor need to continue buying bitcoin whether there is money left over or not means that they can also invest with money which is meant to cover up for there basic needs, doing this is inappropriate and when you start touching money that is not your discretionary income to invest in bitcoin you are gambling with your investment and can cause you to sell your BTC prematurely.

[Different patterns]

If you are not able to find discretionary income in a week or month, then the best decision for you is not to invest. Because whenever you are willing to invest outside the discretionary income or invest outside the discretionary income, you will invest the required amount of money and due to this wrong decision, your investment may be at great risk and you may have to sell it at a loss. If discretionary income is not available in a month or week, then definitely stop investing in that week or month and find discretionary income in the next week or month through proper financial management and start investing.

If a person does not find discretionary income in a month. If he has some more funds, such as emergency fund, reserve fund etc., then he can definitely take money from the reserve fund and buy. If someone can be sure that he has enough reserve fund or other funds, then he can do it. But yes, it has to be rebuilt as soon as possible.

I truly understand your main point. but it not necessarily mean investors must figure out discretionary income every single week or month from starting. Fingers are not the same, for some folks, finding discretionary income is a gradual process that comes in better budgeting and learn how to manage their funds properly. So if somebody is unable to invest a single month just because there is not enough funds left after the expenses, that don’t really mean they are failed or they are lazy. That period can be use to plan and improve their finances to invest ahead, what necessary is not to force investment when money is needed elsewhere. I think with period of time when the financial improve, they can lean how to manage their funds more better by gradually creating discretionary income and investing consistently.

[Hewlet]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Anyone investing in Bitcoin with emotions simply means they don't know what they are doing and also they are not using the right funds to invest which is discretionary income. If a folk uses his or her discretionary income to invest in Bitcoin there won't be any emotions because they are using what was leftover after they have takeb care of their needs. The right time to sell some of our Bitcoin is when we have gotten to overaccumulation stage because our target have been met.

At your accumulation phase, you're pretty much in the buy buy phase and nothing that has to do with taking of profit should ever come to your mind. At the start of your investment, you might need to just focus on buying with your descrestionary income and in the long run, you might still look at the amount you're putting into your investment as an amount you can afford to loose but in reality, somewhere along your investment journey, any amount you're putting into your investment is not something you can afford to loose and at some point, you might even need to leverage certain points in bitcoin DIP so you can quickly reach your investment goal.

One way to know that you've grown as an investor is that you become less afraid that bitcoin going down is a bad trend.  Instead of being afraid and selling your asset just because of short term negative reaction, an experienced investor will be more of a person that ceases every buying opportunity as an avenue to stack even more bitcoin.

[Stive009]

It can make a huge difference to have an emergency fund and a regular stream of income. When you invest and use your own money, you are likely to be selling at the wrong time. Bitcoin's value is unstable and short-term declines are common. It would be preferable to have a strategy in place rather than buying and selling based on emotions and the removal of funds that cannot be replaced or sold if the price falls, than to panic sell a dip. But blindly holding is not the only solution either. Your investment strategy should also provide for the timing and reasons for selling.

Some investors don't really understand the importance of the emergency funds and steady income until they're forced to sell at lose and solve emergency situations or give in to emotional pressure cause they can't sustain their discretionary income, those stuffs aids the investment go smoothly and should be taken seriously.

 People who sell too early out of emotion feels that taking profits whenever there's a dip is the right thing to do but they're selling at lose cause when the market recovers and goes higher it mostly leads to regrets and that's when they realise that holding longer and adding to it continuesly would've been more better, by then it would be too late cause they sold way cheaper.

Sell too early is one of the biggest mistakes some people do, and what cause it is panicking, most of people who buy bitcoin these days don’t have mind to hold for long time and they will want to buy bitcoin because they saw a person who has become a successful person through bitcoin investment, you have to be ready and know how become successful in bitcoin. Investing in bitcoin doesn’t mean you should only have capital, you should be some be able to manage your capital and invest in bitcoin that you will not end up by selling the coins to cover your expenses, sometimes you will sell and regret your decision.

Yes I agree that panic selling can turn a temporary price change into a permanent loss. But in my opinion the bigger problem is investing money that you may need to meet your future expenses. If someone has to sell their Bitcoin due to an unexpected expense it would not be right to just call it weak mentality or panic selling. Because an investor has to take into account not only the market fluctuations but also their own financial situation. Having a long term plan is important but that plan also needs to fit the person’s financial situation. Otherwise even a good investment can become difficult to maintain.