Buy Buy Buy or Sell Sell Sell?

[Loyang]

Hello everyone. I am brand new here. I learned about Bitcoin from a friend a few days ago. I am a job holder by profession. I am very interested in learning about Bitcoin. How can I save Bitcoin for the long term and what are the important things I need to know before investing in Bitcoin? My request to the experienced members what kind of security measures would you advise a new investor to take?

I am eagerly waiting to learn from this community.

You are welcome on board, coming down to this community is for sure an added advantage. Howbeit, one thing to do now is to compare and contrast what your exposition friend has thought you already because some that you will learn here will be totally repetition which enhances understanding and some a brand new learning.

To start with, being a job holder is an advantage that can enable you use different Bitcoin investment strategies mostly DCA strategy which I believe your friend must have pointed to. And by now discretionary funds (funds that you have after basic expenses, funds that you might spend without accountability, funds that you are not using any time soon, funds that you can afford to lose) can not be a news, discretionary funds is the most advisable funds to use in Bitcoin investment.
Also don't forget to question your friend anytime you met any learning that hasn't been from him this will help your level or speed of understand also.

Thank you very much for welcoming me and giving me such a nice advice. I really appreciate your advice.

Actually I first heard about Bitcoin from a friend of mine. Then I got curious about it. I started searching for various information on the internet and saw interviews and discussions of various people who are experienced in Bitcoin. The more I know the more my interest in Bitcoin increases. Now I am seriously thinking about investing in Bitcoin myself.

In my case one thing is a little different. I am probably going to be the first person in my family to invest in Bitcoin. My family members have always considered banks and traditional savings as the safest way to keep money. So Bitcoin is still a new and risky thing for them. I can understand their thinking as well because they have been relying on the traditional banking system for many years. Thank you also for your advice about DCA and discretionary funds. I will definitely keep these in mind and try to learn more from the experienced members of this community.

You are misunderstanding about DCA. DCA does not mean discretionary fund, rather DCA is an investment method and its full form is Dollar-Cost Averaging. A person finds a source of discretionary income based on his financial situation and continues to buy for a certain period of time is called DCA method.

DCA method seems to me to be much better than all other investment methods in the market and is a very advantageous method. A person does not have to pay attention to market volatility, does not have to wait for a specific time to buy, can buy at any time, can buy at the average purchase price, etc. DCA method has more advantages than all other investment methods.

[Princess Leah]

~~

You are misunderstanding about DCA. DCA does not mean discretionary fund, rather DCA is an investment method and its full form is Dollar-Cost Averaging. A person finds a source of discretionary income based on his financial situation and continues to buy for a certain period of time is called DCA method.

DCA method seems to me to be much better than all other investment methods in the market and is a very advantageous method. A person does not have to pay attention to market volatility, does not have to wait for a specific time to buy, can buy at any time, can buy at the average purchase price, etc. DCA method has more advantages than all other investment methods.

He didn't say that the DCA and discretionary funds are the same thing, he was advised on using the discretionary funds for buying instead of the one's meant for necessities then use the DCA strategy as a method of accumulation, so he went ahead to thank the person who advised him about the DCA and discretionary funds, although the person who advised him didn't properly explain very well so he doesn't confuse them for same thing.

 For someone who just recently picked interest in Bitcoin, using the DCA strategy for investing is the best advice for such person cause it doesn't only help with consistency but would help against making irritational decisions out of emotions due to volatility.

[Promocodeudo]

Using the dca strategy means you are always buying bitcoin regardless of the price of bitcoin, and this is the best way to stack up more bitcoin and gradually approach your over accumulation point. It's difficult to predict the movement of BTC to know if the price will continue to go up or down and this why it makes no sense waiting for some price before one can buy bitcoin, as an investor we shouldn't focus more on the price of bitcoin rather we should consistently be buying BTC and hodl for a long time.

Let me start by adding to what you've pointed out, the most efficient strategy of Bitcoin accumulation is what you just mentioned, in my opinion, I will say it is the best method of accumulating Bitcoin, because it permits every category of investor to invest with their discretionary income on daily, weekly or monthly basis depending on which they are comfortable with.
The DCA strategy makes us to understand the power of consistent buying with the little we can start with, the major thing, is to start first, anyone that knows about the DCA method, that continues to wait for the market to act in a way that favours him before he can invest, may not invest at all, the earlier we realize this, the better for us to start doing the needful.

[GIF-JOBS]

You are misunderstanding about DCA. DCA does not mean discretionary fund, rather DCA is an investment method and its full form is Dollar-Cost Averaging. A person finds a source of discretionary income based on his financial situation and continues to buy for a certain period of time is called DCA method.

DCA method seems to me to be much better than all other investment methods in the market and is a very advantageous method. A person does not have to pay attention to market volatility, does not have to wait for a specific time to buy, can buy at any time, can buy at the average purchase price, etc. DCA method has more advantages than all other investment methods.

DCA is an investment method. The money that a person can use for investment after meeting his necessary expenses and financial obligations. When a part of that money is invested at a certain time interval, it is called DCA. The big advantage of DCA is that it reduces the need for accurate market timing. It is very difficult to predict when the market will rise and fall consistently. Therefore, by investing regularly without waiting for a specific price, sometimes one buys at a higher price and sometimes at a lower price. An average purchase price is created over a long period of time. The tendency to overthink short-term market fluctuations is also reduced.
The real power of DCA is to reduce dependence on timing. Creating discipline in investment and allowing for consistent investment amidst market volatility. DCA can be a very simple and practical method for those who do not want to analyze market prices every day or find the right entry point. The investment amount must be such that it does not put essential living or emergency expenses at risk.

[abaeze]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

[Abbatty]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

You are right, when you are planning to hold for a long period of time, I think you will be very little worried about how the market is moving, especially when you are using the DCA strategy. The only thing a long time holder who is using the DCA will only be panic about when there Is a Dip is how to buy aggressively, other than that they are mostly relax, because they know there is always a bounce back after a Dip.

I still get your point on how disciplined is very important in every successful investment. Discipline means being consistent about your accumulation and also stick to the plan about how long you want to hold for, not to panic or get emotionally disturb if there is a fall in the market.

[Moeralife11]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

You're right, and before investing, It determine your investment and time frame, risk tolerance. If you're Investing in Bitcoin, Invest only with money that you will not need in a short period of time. So If you plan to use a specific strategy, such as DCA, sticking to that strategy can also be helpful for long-term investing. The important thing is not to make decisions based on every short-term price fluctuation. Mental discipline is equally important for a long-term Bitcoin investor.

[ejikeme24]

Thank you very much for welcoming me and giving me such a nice advice. I really appreciate your advice.

Actually I first heard about Bitcoin from a friend of mine. Then I got curious about it. I started searching for various information on the internet and saw interviews and discussions of various people who are experienced in Bitcoin. The more I know the more my interest in Bitcoin increases. Now I am seriously thinking about investing in Bitcoin myself.

In my case one thing is a little different. I am probably going to be the first person in my family to invest in Bitcoin. My family members have always considered banks and traditional savings as the safest way to keep money. So Bitcoin is still a new and risky thing for them. I can understand their thinking as well because they have been relying on the traditional banking system for many years. Thank you also for your advice about DCA and discretionary funds. I will definitely keep these in mind and try to learn more from the experienced members of this community.

You are misunderstanding about DCA. DCA does not mean discretionary fund, rather DCA is an investment method and its full form is Dollar-Cost Averaging. A person finds a source of discretionary income based on his financial situation and continues to buy for a certain period of time is called DCA method.

DCA method seems to me to be much better than all other investment methods in the market and is a very advantageous method. A person does not have to pay attention to market volatility, does not have to wait for a specific time to buy, can buy at any time, can buy at the average purchase price, etc. DCA method has more advantages than all other investment methods.

It seems that you don't understand what @ BITBI-4 was actually trying to say, he never said the DCA and discretionary funds are the same, rather he was thanking Obulis for suggesting that the DCA is a very nice strategy for beginners. And I totally agree with him on that, surely the DCA strategy is a flexible method for Bitcoin accumulation especially for those that does not have all it takes to be buying with the lump sum strategy, with the DCA, Bitcoin investment is much more easier because the reason why most folks are scared or feeling that Bitcoin investment is for the Rich is because they haven't realized or discovered that there's a strategy in which they can invest in bitcoin no matter how small thier discretionary income may be  so it's our duty to let them know about the DCA strategy so that they will stop seeing bitcoin investment as something that is very hard to venture into.

[Moeralife11]

It is not good for an investor to use all of their discretionary income to buy bitcoin when they have not set up a backup funds. If they are face with an emergency they will be left with no other choice but to sell there bitcoin in other to be able to solve whatever problems they maybe facing.

What you said here are true, because without having a backup funds in place to protect your bitcoin investment from real life emergencies, selling your Bitcoin holdings when emergency struck is inevitable.

Though their are some folks that can afford to invest in Bitcoin without a backup funds, which are the rich guys, only because they have rich uncle's, dad, aunty, business partners or even other asset they can sell to address any emergency at hand that would have compel them to sell when they never wanted to, but if you know that you are not in such a level financially, setting an emergency and reserve funds in place to protect your bitcoin investment is very necessary, because that's the only way your Bitcoin investment can be a success.

There is nobody that can be able to hold bitcoin for a long time without having a backup funds. They are simply not protecting their bitcoin investment and they can sell anytime because emergency can occur at anytime. So emergency funds has nothing to do with whether you are rich or poor. You may think that the rich doesn't have backup funds but this is very wrong because they have different kinds of back up funds more than you can even think of . Having a backup is crucial for long term holding of bitcoin.

there are people who in determined even though they don't have a backup money they can still hold their bitcoin for long time because they have a target, some people are not determined why some people are determined so those people that is determined and the people who come risk whatever they have for them to hold their investment for long time, but when you have no decision you cannot hold a Bitcoin for long time so we need to understand that, people keep their Bitcoin because of the profit they assumed they will make from it why some people sell their bitcoin because of the profit they also assume that they will make that is why you have long time investment and short time investment

I understand what you mean, but I don’t think that is completely right. Being determined to hold Bitcoin for a long time doesn’t mean someone should risk everything they have or invest without backup money. Good investing also requires proper risk management and only investing what you can afford to leave untouched. People may sell for many reasons, not only because they lack determination or because they expect short-term profits. Long-term investing is about having a clear strategy, managing risk, and being patient not simply taking as much risk as possible.

[Moeralife11]

Ofcourse dude, you are very correct some folks doesn't understand the worlth of Bitcoin most of them do not have the knowledge of what Bitcoin is about that's why they regard Bitcoin as a scams, so the way people see Bitcoin will truly determine how they really approach Bitcoin investment. Yes it is not possible to over step ahead of the market because sometimes Bitcoin increase and also decreases so it is very important to have the knowledge before one can embark on Bitcoin investment.

A person does not need much knowledge to start investing in Bitcoin, only if he can acquire common sense then he can start investing. Common sense does not say that one needs to know much except that they are able to calculate discretionary income or not. If a person is able to find discretionary income then he can definitely start investing and at the same time continue to gain knowledge.

Moving forward in parallel is the best decision. For example, the first step is to start investing and after starting investing, continue to gain knowledge. Moving forward in parallel and simultaneously taking the necessary steps for investment. Whenever you wait for gaining knowledge, you may miss out on many buying opportunities etc.

You’re wrong. See let me tell you having common sense and some discretionary income does not automatically mean someone is ready to invest in Bitcoin. Bitcoin is highly volatile, and without understanding the risks, market cycles, security, and how much money you can realistically afford to lose, a person can make costly mistakes. Learning should come before or at least alongside investing, not be treated as something you can postpone just because you might miss a buying opportunity. Missing an opportunity is better than losing money because you invested without understanding what you were doing.

[Crytohillss]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

Definitely whether the price of Bitcoin increases or decreases people will always react because that is human nature for you,  sometimes if people beginning to time the Bitcoin market all the time they might easily missed out their real opportunity just because they want  to observe the Bitcoin price first before they can begin to run their Bitcoin investment if people constantly react to every price of Bitcoin it be hard for them to make a good decision thant try to focus more on short term investment.

[Moeralife11]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

Definitely whether the price of Bitcoin increases or decreases people will always react because that is human nature for you,  sometimes if people beginning to time the Bitcoin market all the time they might easily missed out their real opportunity just because they want  to observe the Bitcoin price first before they can begin to run their Bitcoin investment if people constantly react to every price of Bitcoin it be hard for them to make a good decision thant try to focus more on short term investment.

I agree that constantly reacting to Bitcoin’s price can lead to poor decisions, but I don’t think short-term investment is the right approach for everyone. Bitcoin can be highly volatile, and trying to make quick profits by timing every rise and fall is difficult and risky. A long-term approach allows investors to focus on their goals instead of being influenced by every short-term price movement.

[sotelorene]

I agree that constantly reacting to Bitcoin’s price can lead to poor decisions, but I don’t think short-term investment is the right approach for everyone. Bitcoin can be highly volatile, and trying to make quick profits by timing every rise and fall is difficult and risky. A long-term approach allows investors to focus on their goals instead of being influenced by every short-term price movement.

The sad truth is that some people set their goal while some don't that is why we see some traders lost in the process of trading and likewise investors too, some investors also do get lost in the process of buying and holding and this is because they don't set their goals and this becomes hard when someone doesn't set or have a goal they are chasing. It is just like a scaler object that has magnitude but don't have direction of where they are going. But when someone has a set goal they will try as much as possible to achieve it regardless of the odd that will be against them.

[HajiBagi]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

Before investing in bitcoin, it is very important to know how it works, if anyone understands bitcoin, they will surely know that bitcoin is not a short term investment. You should always have a good mindset when investing in bitcoin, and that will help you to know what you want to achieve and how prepared you are. Bitcoin is unpredicted, and if you want to look at the price you can not hold for a long term, the only way to stop that is to stop doubting your plan and what you invest in, there are many ways to invest in bitcoin, and DCA method is the best that can make you feel comfortable investing in bitcoin, many people failed because they can not hold for long term, but if you do not panic during the market you will always succeed and achieve your goals.

[Olatundespo]

Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.

I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.

Before investing in bitcoin, it is very important to know how it works, if anyone understands bitcoin, they will surely know that bitcoin is not a short term investment. You should always have a good mindset when investing in bitcoin, and that will help you to know what you want to achieve and how prepared you are. Bitcoin is unpredicted, and if you want to look at the price you can not hold for a long term, the only way to stop that is to stop doubting your plan and what you invest in, there are many ways to invest in bitcoin, and DCA method is the best that can make you feel comfortable investing in bitcoin, many people failed because they can not hold for long term, but if you do not panic during the market you will always succeed and achieve your goals.

Not everyone panics during the Bitcoin market ups and downs. Those who panic are involved in trading. Most long-term investors are not panicked. They know that even if the price of Bitcoin drops, it will soon recover its previous value, which has happened many times in the past. Before starting Bitcoin investment get a basic idea of ​​how Bitcoin works and be aware of the risky times in the market and accumulate Bitcoin regularly without waiting. Dollar Cost Averaging is one of the best methods for accumulation Bitcoin, keep it pinned in your mind. In this method it is tempting to accumulate Bitcoin regardless of the price without waiting for the price to drop. Stay in the DCA method for the long term without being surprised by the volatile movements of Bitcoin. You are right that if an investor holds Bitcoin with a price target, they will not be able to invest in the long term. You need to strategize for a specific period of time such as 4-10 years by continuously DCA and increasing Bitcoin holdings.

[Charcol]

Ofcourse dude, you are very correct some folks doesn't understand the worlth of Bitcoin most of them do not have the knowledge of what Bitcoin is about that's why they regard Bitcoin as a scams, so the way people see Bitcoin will truly determine how they really approach Bitcoin investment. Yes it is not possible to over step ahead of the market because sometimes Bitcoin increase and also decreases so it is very important to have the knowledge before one can embark on Bitcoin investment.

A person does not need much knowledge to start investing in Bitcoin, only if he can acquire common sense then he can start investing. Common sense does not say that one needs to know much except that they are able to calculate discretionary income or not. If a person is able to find discretionary income then he can definitely start investing and at the same time continue to gain knowledge.

Moving forward in parallel is the best decision. For example, the first step is to start investing and after starting investing, continue to gain knowledge. Moving forward in parallel and simultaneously taking the necessary steps for investment. Whenever you wait for gaining knowledge, you may miss out on many buying opportunities etc.

You’re wrong. See let me tell you having common sense and some discretionary income does not automatically mean someone is ready to invest in Bitcoin. Bitcoin is highly volatile, and without understanding the risks, market cycles, security, and how much money you can realistically afford to lose, a person can make costly mistakes. Learning should come before or at least alongside investing, not be treated as something you can postpone just because you might miss a buying opportunity. Missing an opportunity is better than losing money because you invested without understanding what you were doing.

I doubt that if a new investor is given the mandatory conditions of acquiring a deep knowledge of the market cycle, security, all risks and the entire system before starting, he will actually start. Because you may be forcing him to learn something that he is not mentally ready for. That is why it is said that beginners do not necessarily need to know everything at the beginning. If someone has discretionary income in hand, he can start, and at the same time, as the savings increase, his knowledge will increase. In my opinion, if someone starts with a small amount, buys regularly, and at the same time learns, then he will gain practical experience much faster than people who just sit and read books. Although learning security is important, it is unreasonable to say that one cannot start if he does not learn everything at the beginning.

[Chilwell]

Before investing in bitcoin, it is very important to know how it works, if anyone understands bitcoin, they will surely know that bitcoin is not a short term investment. You should always have a good mindset when investing in bitcoin, and that will help you to know what you want to achieve and how prepared you are. Bitcoin is unpredicted, and if you want to look at the price you can not hold for a long term, the only way to stop that is to stop doubting your plan and what you invest in, there are many ways to invest in bitcoin, and DCA method is the best that can make you feel comfortable investing in bitcoin, many people failed because they can not hold for long term, but if you do not panic during the market you will always succeed and achieve your goals.

If really someone have a good mindset towards bitcoin investment, i don't see any reason for that particular person to be panic except he did not use his discretionary income for his investment. Most people that panic are just after profit and most especially they are not into any kind of method of accumulation, maybe some of them have opportuned to have access to some money, which they have no plan of using it immediately and their intention of putting it into bitcoin investment was purely to make some certain amount of profits in a very short term, this kind of people are actually traders because it's only traders that panicked when the market is fluctuating. Real investors do not panic rather they took the advantage of that situation by accumulating more Bitcoin to themselves.

[Bitpulse.digital]

Hey, the model I run doesn't have a projection that far out, so I can't give a $300k estimate for 2028-2030. Saw it on bitpulse, a model I keep evolving daily, worth a look. What's your take on the next halving?

[PhilosopherKing]

I agree that constantly reacting to Bitcoin’s price can lead to poor decisions, but I don’t think short-term investment is the right approach for everyone. Bitcoin can be highly volatile, and trying to make quick profits by timing every rise and fall is difficult and risky. A long-term approach allows investors to focus on their goals instead of being influenced by every short-term price movement.

The sad truth is that some people set their goal while some don't that is why we see some traders lost in the process of trading and likewise investors too, some investors also do get lost in the process of buying and holding and this is because they don't set their goals and this becomes hard when someone doesn't set or have a goal they are chasing. It is just like a scaler object that has magnitude but don't have direction of where they are going. But when someone has a set goal they will try as much as possible to achieve it regardless of the odd that will be against them.

Man I don't just think it is about setting goals alone. It is very easy to set goals, the hard part is you being faithful to that plan whatever the odds are. Some lot can't sleep very well whenever the price is flunctuating. They are restless as fuck because they think that something is wrong with bitcoin or that bitcoin will not later rise like it used to do. If this kind of person set the goal lof ongoingly accumulating for long time just like you want them to do, do you think they can be able to follow up that goal to the end huh?

It is not all time that person will feel motivated to investing , at times person can get to weary to ongoingly invest. When there is discipline, the person can be able to be faithful to that goal. The main thing is whether there is discipline. Dscipline is just all that matters, because without it nothing is possible. Discipline is what turns those goals into something achievable.

[Humblevirus]

If really someone have a good mindset towards bitcoin investment, i don't see any reason for that particular person to be panic except he did not use his discretionary income for his investment. Most people that panic are just after profit and most especially they are not into any kind of method of accumulation, maybe some of them have opportuned to have access to some money, which they have no plan of using it immediately and their intention of putting it into bitcoin investment was purely to make some certain amount of profits in a very short term, this kind of people are actually traders because it's only traders that panicked when the market is fluctuating. Real investors do not panic rather they took the advantage of that situation by accumulating more Bitcoin to themselves.

Investing out of discretionary funds is the main reason that always leads to serious panicking that leads an investor to sell their Bitcoin investment at wrong time. If an investor’s money invested in Bitcoin comes from discretionary funds, even if they are new to Bitcoin investment, they will not always be in serious panic when the price of Bitcoin falls seriously, and it may lead them to sell. This is because the money is not money they need soon.That is why experienced investors always advise all new investors to only invest money they can afford to lose. When I hear that someone sold their Bitcoin out of fear, what easily comes to my mind is that the person invested money from their discretionary funds.What leads some of them to do that is a lack of proper knowledge. It is when some people lack proper knowledge that they will always try to claim smartness in Bitcoin investment and try to make profits within a short time. They go ahead and invest even the money they have planned to use in the coming days or months. When the price starts falling, they find it difficult to bear the losses because they are afraid of losing their money.