What to do to eliminate fear and starts investing in Bitcoin

[Rubuchi]

Spend only spare money on Bitcoin and stop monitoring its price later - one of the most effective ways to eliminate fear and dont get constant headaches and bad mood every time price drops. A little advanced method - wait till first income from holding, convert to fiat and buy yourself something. It will strengthen will in bitcoin and holding. For some people it is necessary first to lose money, then gain some to be sure that bitcoin is safe for investing.

it actually depends on what works for you. And that's why it is important oftentimes for you to understand what works best for you in the first place. You should not start investing when you don't understand what triggers you and what weakens you. You may be a great guy in terms of holding but can damage all the efforts just by removing your money from the mammoth investment simply because of a market fluctuation that made you fear of missing out. Avoid all those as it tells on your lack of courage as an investor and can only affect you the more in the negative way.

[Odusko]

Spend only spare money on Bitcoin and stop monitoring its price later - one of the most effective ways to eliminate fear and dont get constant headaches and bad mood every time price drops. A little advanced method - wait till first income from holding, convert to fiat and buy yourself something. It will strengthen will in bitcoin and holding. For some people it is necessary first to lose money, then gain some to be sure that bitcoin is safe for investing.

it actually depends on what works for you. And that's why it is important oftentimes for you to understand what works best for you in the first place. You should not start investing when you don't understand what triggers you and what weakens you. You may be a great guy in terms of holding but can damage all the efforts just by removing your money from the mammoth investment simply because of a market fluctuation that made you fear of missing out. Avoid all those as it tells on your lack of courage as an investor and can only affect you the more in the negative way.

First thing first before investment, you must gain knowledge make research about the asset you want to invest in and if you want to buy Bitcoin, you need to put something in place number one is our capital and time, because any money you are investing in Bitcoin, you should know that you may go a long time before you can see th positive profits from Bitcoin investment since Bitcoin is a volatile asset.

[GeorgeJohn]

Fear sometimes works in line with our emotion. If we are the type that kicks in and accept the fear it will take full control of us.
The mistake most people make is trying to know everything they want to know of bitcoin in one moment which is highly impossible.

Bitcoin technology is broad to be known just in a moment, but some newly investors do think that bitcoin investment, is something you can easily comprehend, if you want to understand bitcoin and it's technologies, it's needs consultation, concentration and a proper researching...it's not something to be done once...
 

To gain knowledge on bitcoin to some extent is a gradual process, it doesn't happen all at once. In addition, hurry is not always a good thing. Calmness and patience is how people go through bitcoin until it becomes a part of them and they become successful.

I agree with you, if you're in a haste to learn Bitcoin, you may not understand things that will give you the impact to know bitcoin properly, bitcoin is good to know if you have the passion, but it's not what you will understand fully without practicing it, most of the investors that run away from bitcoin investment, they run away due to they experience losses, and the results of their losses might be as the result of not understanding Bitcoin properly before investing...

[JayJuanGee]

For a very long time i have had about bitcoin,  how life transforming it has been to all investors but finds it difficult getting involved because I don't know where to start from and how to go about for possible results and this has stood as an obstacles depriving me access from getting same benefits others are getting from bitcoin.  I don't know if more about its working principles could be explained in detail for more clarity.

Start it out and deal with the risk and fear later.
Because if you're going to let your fear stop you from investing, you'll never know what will happen next.

We're also the same as you before where we're so scared of what might happen if it won't work out.
But fortunately, it did worked for many of us and that's why just start it and invest and deal with the consequences later, good or bad!

I do like the idea of just starting, yet I do believe that basically a person needs to make sure that they have discretionary funds in order to be able to start investing in bitcoin - otherwise the bitcoin newbie is being too sloppy and not taking certain precautions to make sure that excess funds are being used to buy bitcoin and not money that is needed to pay for basic expenses.  There is a lot of advantage that comes from getting started, and likely any person with common sense is going to recognize and appreciate that getting started is probably better to start out slowly and then maybe buy some bitcoin every week, even if it is a small amount, and then at the same time to dedicate time and energy to learn about bitcoin in the context of already buying some small amount within the discretionary funds amounts available each week.

I think that it is also good to think about 9 individual factors, even though the 9 individual factors do not need to be figured out prior to getting started.

[edited out]

That is true, with so many tutorials these days, it is like you all have the options to learn something and it is up to you if you will do it or not. So yes, there's no reason for someone to be ignorant in this age. Start small. Don't use your savings, just use your extra to test. You need to be comfortable first in your crypto transactions. Because without the confidence in sending back and forth your crypto, would be hard for you to start investing. You don't need to enroll in a class or find an expert. Because all the tutorials are already here even in this forum. Just try to hit search.

So to eradicate such fear is to educate yourself. Don't rush yourself in learning all things in one day. Take your own pace to learn something. Invest in educating yourself for something you don't know yet. This is not a race as you are dealing with your funds. So it is yourself that will take care of your investments and not others.

Hopefully no one, including beginners are so retarded as to believe that bitcoin and shitcoins are the same.

Don't be fucking around with shitcoins and don't be so misleading, deceptive and/or ambiguous as to use the term "crypto" if you are referring to bitcoin.  Bitcoin is not the same as shitcoins.

For a very long time i have had about bitcoin,  how life transforming it has been to all investors but finds it difficult getting involved because I don't know where to start from and how to go about for possible results and this has stood as an obstacles depriving me access from getting same benefits others are getting from bitcoin.  I don't know if more about its working principles could be explained in detail for more clarity.

Before you venture into any form of Business or investment, you need to have a conviction within yourself about it before you go into it, if you are able to have a clear stand on what you hope to achieve and how you want to go about it with a very clear conviction that this is the right route to go about it, then you must have eliminated a very good percentage of the fears that would have stopped you, after that then you proceed to getting as much information about the scheme as possible, all of this will help take away your fears gradually at every stage, and by the time you must have made your decision to fully get into it, you must have had a firm stance already. but if you keep thinking focusing on your fears, you mind will keep magnifying the fear and never giving you a reason to get in on that which you wanted to do, you may end up not doing it again.

In searching for information about an investment or business you want to do, such as Bitcoin, be mindful as you will get a whole lot of it, both the negative and the positive ones, make sure not to pay too much attention on the negative or focus too much on the negative, they will always give you a reason not to start, but if you pay attention to both the negatives and the positives, then you analyze and see which outweighs the other and then you will have a good and final conclusion on which to go with. Don't allow your fears overcome or outweighs the chances to achieve a dream.

Bitcoin is not a business, so all that a bitcoin newbie needs to figure out in order to start buying bitcoin is whether he has discretionary funds, and if he does, then he can start buying bitcoin, whether it is with $100 or $10 or some other amount that is comfortable for the first purchase(s). 

The bitcoin newbie can also make it a point to learn as he goes, so he doesn't need to learn about self-custody before he starts, as long as he know where he wants to buy his first bitcoin(s).  If he doesn't know from where he is going to buy his first bitcoin, then he will have to figure that out and to be comfortable with where-ever he is sourcing his first bitcoin buys, and if he is not comfortable with where he is first buying, then he likely will need to look further into comparing possible sources of bitcoin buy locations and perhaps even consider if he is buying in a place that does not have a wallet (such as an exchange), so there could be various possible ways to first source bitcoin, including person to person or on exchanges or maybe sometimes there are money exchangers that will buy and sell bitcoin, which would require a private wallet... so there can be different possible bitcoin source options that would be available to bitcoin newbies - depending on their geographical area.

I don't think there is much to the working principle of Bitcoin if not for you to learn about the basic knowledge of Bitcoin and to follow it. That is, for you to invest with the amount you can afford to lose, apply a DCA strategy, have a long term investment perspective, avoid fomo and panic, have a diversified investment(70% Bitcoin, and 30 altcoin), and have a target price.

With the stated principle above, you can deal away with the fear and anxiety when it arises in your Bitcoin investment

That is retarded.

There is no reason to start out with some shitcoin.  You don't even know which shitcoin you are recommending, so you recommend generically 30% in shitcoins.  That is really dumb, and perhaps the worst advice that anyone could receive when we are in a bitcoin thread and asking about bitcoin, and you suggest to diversify with shitcoins.   

[Just Say]

Spend only spare money on Bitcoin and stop monitoring its price later - one of the most effective ways to eliminate fear and dont get constant headaches and bad mood every time price drops. A little advanced method - wait till first income from holding, convert to fiat and buy yourself something. It will strengthen will in bitcoin and holding. For some people it is necessary first to lose money, then gain some to be sure that bitcoin is safe for investing.

it actually depends on what works for you. And that's why it is important oftentimes for you to understand what works best for you in the first place. You should not start investing when you don't understand what triggers you and what weakens you. You may be a great guy in terms of holding but can damage all the efforts just by removing your money from the mammoth investment simply because of a market fluctuation that made you fear of missing out. Avoid all those as it tells on your lack of courage as an investor and can only affect you the more in the negative way.

First thing first before investment, you must gain knowledge make research about the asset you want to invest in and if you want to buy Bitcoin, you need to put something in place number one is our capital and time, because any money you are investing in Bitcoin, you should know that you may go a long time before you can see th positive profits from Bitcoin investment since Bitcoin is a volatile asset.

You @Odusko are right that the first thing to do before investing is to gain knowledge and make research about the asset in which one wants to invest, so perhaps we all feel that we need to do the same in the case of Bitcoin investment. As an investor, I think that in the initial stages of Bitcoin investment, it is not necessary to be fully educated about Bitcoin because at this stage there is some ignorance about Bitcoin, this means that it is easy to get started even with little knowledge and new investors can learn on the job if they want. It is true that everyone needs to prepare a few things to buy Bitcoin, such as funds or capital and time created through the local currency of that person's country but I think that at the initial stage it is necessary to ensure that a person has discretionary income to start investing in Bitcoin, And possible alternative funding arrangements must be made and you should also be aware of the possible sources of money to buy Bitcoin.

[Umulala-alala]

For a very long time i have had about bitcoin,  how life transforming it has been to all investors but finds it difficult getting involved because I don't know where to start from and how to go about for possible results and this has stood as an obstacles depriving me access from getting same benefits others are getting from bitcoin.  I don't know if more about its working principles could be explained in detail for more clarity.

To eliminate fear from investing in bitcoin you need to have some common sense about bitcoin investment also know that bitcoin is a volatile asset and doesn't also guarantee us profit so what you need to do here after have some common sense you need to invest with money you can afford to loss which is your discretionary income, if you don't have have money that you won't be needing in a long time don't invest in bitcoin.

[Tongley]

For a very long time i have had about bitcoin,  how life transforming it has been to all investors but finds it difficult getting involved because I don't know where to start from and how to go about for possible results and this has stood as an obstacles depriving me access from getting same benefits others are getting from bitcoin.  I don't know if more about its working principles could be explained in detail for more clarity.

Start it out and deal with the risk and fear later.
Because if you're going to let your fear stop you from investing, you'll never know what will happen next.

We're also the same as you before where we're so scared of what might happen if it won't work out.
But fortunately, it did worked for many of us and that's why just start it and invest and deal with the consequences later, good or bad!

I do like the idea of just starting, yet I do believe that basically a person needs to make sure that they have discretionary funds in order to be able to start investing in bitcoin - otherwise the bitcoin newbie is being too sloppy and not taking certain precautions to make sure that excess funds are being used to buy bitcoin and not money that is needed to pay for basic expenses.  There is a lot of advantage that comes from getting started, and likely any person with common sense is going to recognize and appreciate that getting started is probably better to start out slowly and then maybe buy some bitcoin every week, even if it is a small amount, and then at the same time to dedicate time and energy to learn about bitcoin in the context of already buying some small amount within the discretionary funds amounts available each week.

I think that it is also good to think about 9 individual factors, even though the 9 individual factors do not need to be figured out prior to getting started.

Yes sir I totally agree with you. It is better to have a minimum emergency fund before starting investing. It is better to have some than nothing. For example, suppose a person has a discretionary income of $700 and he did not focus on creating any kind of emergency fund to start with and he started investing with the full amount in the first month and after 15 days he needs some amount but he does not have any money. But if he had divided this discretionary income into three stages or two stages then he would have been able to deal with the emergency situation even for a short time. It is much better to have a minimum emergency fund in the beginning.

I have seen this happen in reality and it happened to my friend. My friend had decided to invest in Bitcoin for a long time, but he did not have a source of income and he could not start investing because he did not have a source of discretionary income. But a few days ago he got a job and was able to find some discretionary income. He invested his entire discretionary income and a few days later he fell ill and was unable to raise even the small amount of money he needed, and was forced to sell his holdings. If he had not invested his entire discretionary income and had kept some of it for an emergency fund and for additional expenses, he would have been able to cope with this emergency. It is good to have an emergency fund, even if it is minimal, at the beginning, but it is not mandatory.

[CryptoBuds]

To eliminate fear from investing in bitcoin you need to have some common sense about bitcoin investment also know that bitcoin is a volatile asset and doesn't also guarantee us profit so what you need to do here after have some common sense you need to invest with money you can afford to loss which is your discretionary income, if you don't have have money that you won't be needing in a long time don't invest in bitcoin.

No investment/asset can guarantee a return, and Bitcoin is no exception. Because investing inherently comes with risk.

Fear in investing, in general, largely stems from a lack of understanding and a fear of losing money. Therefore, to overcome the fear of investing in Bitcoin, what we need to do is accept the risk and at the same time take the time to learn about it.

The more we understand Bitcoin, the more confident we become in our investment decision. Fear may never disappear completely, but knowledge can help us manage it better.

[Sim_card]

No investment/asset can guarantee a return, and Bitcoin is no exception. Because investing inherently comes with risk.

Fear in investing, in general, largely stems from a lack of understanding and a fear of losing money. Therefore, to overcome the fear of investing in Bitcoin, what we need to do is accept the risk and at the same time take the time to learn about it.

The more we understand Bitcoin, the more confident we become in our investment decision. Fear may never disappear completely, but knowledge can help us manage it better.

Since we are talking about bitcoin investment I believe that the best knowledge is to put it down into practical which is by buying because this is what will make you understand the market fluctuation and how to control your emotions through experience. This is why it's good to get started and learn about bitcoin along side as you are building your bitcoin portfolio.

In the beginning, you can start with little amount as low as $10 and buy slowly every week in other to not just be learning only theory because it's through practice that you get the experience of the market and experience increases confidence. When you have gotten the confidence in bitcoin, you can choose to increase your DCA amount and invest aggressively.

If you want to only be learning to understand bitcoin without investing, you wouldn't understand it better compared to when you're investing theory is very easy on paper. The worst risk is not to take the risk to invest into bitcoin when you have the opportunity because you will definitely, regret it in future when the price of bitcoin becomes very expensive.

[Zackz5000]

You @Odusko are right that the first thing to do before investing is to gain knowledge and make research about the asset in which one wants to invest,

In Bitcoin investment you don't need to gain much knowledge and do researches to start accumulating Bitcoin with your common sense and your discretionary income available you can start accumulating Bitcoin workout doing much researches, most investors after getting common sense and discretionary income they learn through as they keep accumulating Bitcoin and moreover to know more about Bitcoin is to get started.

Yes sir I totally agree with you. It is better to have a minimum emergency fund before starting investing. It is better to have some than nothing.

You can still get started with your Bitcoin investment with out first having any emergency funds though emergency funds can come later which is important for any Bitcoin investors who wants to hold there Bitcoin accumulation for long, what is required to get started with is your common sense and your discretionary income if this is available you are good to go while on the process of accumulating Bitcoin you can gradually be saving up an emergency funds through your discretionary income.

[bangjoe]

To eliminate fear from investing in bitcoin you need to have some common sense about bitcoin investment also know that bitcoin is a volatile asset and doesn't also guarantee us profit so what you need to do here after have some common sense you need to invest with money you can afford to loss which is your discretionary income, if you don't have have money that you won't be needing in a long time don't invest in bitcoin.

Using money that is ready to lose is a sign that your mind is not healthy, how does it make sense if you invest and your money is ready to lose, isn't that sentence the same as what is often said by gamblers? even though it's your discretionary money, sometimes even though the money we use to invest will not be used in the short term, the fear is always there.
 
The most mandatory understanding to know in order to reduce fear is to understand the character of the bitcoin market, market cycles, including fluctuations, it has become a characteristic of bitcoin that should not be worried about, and also in terms of investment do not keep everything in bitcoin you have to diversify into several assets so that your investment portfolio will not always be sad when bitcoin is in a bearish market, this will form your mentality and confidence in investing in bitcoin, even if you keep more in bitcoin.

[@nn@_pen9]

If you want to treat bitcoin as an investment then just buy it, no need for any qualification to buy bitcoin other than having money in your bank account and an email, along with a valid ID to register on an exchange.

If you have been waiting for a while already then you must realize that you missed the opportunity and I am sure you will regret for not buying early but atleast buy now then you will be happier with the decision you made in the next 5 or 10 years.

But don't invest more than you can afford to lose.

I think we shouldn't be careless when buying Bitcoin if we don't understand it. At the very least, you need to have a basic foundation before diving in to purchase the asset; without that foundation, it would certainly be difficult to understand what you are buying. By possessing this knowledge and insight, we will gain a much better understanding of what we are buying. With this understanding, we can overcome the fear associated with investing in Bitcoin.

People who keep waiting usually haven't studied the asset in depth. In their minds, this asset is extremely dangerous due to its erratic price fluctuations that can occur at any moment. As time went by, when they heard that the price of Bitcoin had skyrocketed far beyond its previous levels, words of regret inevitably escaped their lips.

Given this kind of experience, they are studying or deepening their understanding of this asset even though they missed the initial wave of Bitcoin's introduction, I believe it is never too late to invest.
If they understand the value of holding it for the long term over the coming years they will certainly reap profits historically, Bitcoin has proven its potential through long term price appreciation.

[Out of mind]

For a very long time i have had about bitcoin,  how life transforming it has been to all investors but finds it difficult getting involved because I don't know where to start from and how to go about for possible results and this has stood as an obstacles depriving me access from getting same benefits others are getting from bitcoin.  I don't know if more about its working principles could be explained in detail for more clarity.

If you are interested in investing in Bitcoin, you should keep yourself mentally correct at the beginning. Moreover, before investing, you should know more about Bitcoin, about the past and how much reward investors have received by investing in Bitcoin. When you understand and know well, then you can start at the right time. Moreover, if you have a long-term plan to invest in Bit, then there is no right time to invest. If you want, you can invest from any position in the market and keep them in a safe wallet so that they remain in the future. You have to start small first, if you can control yourself, then gradually increase the amount of your money and invest in the DCA method. When you use this strategy, you will definitely gain confidence in investing and will be able to build a good asset for the future.

[alastantiger]

This is the thing, people who see price drops and "fear" it, must be new here because there is no way that we would do anything fearful and because of this there is no reason why we should be considering this as a bad thing. We have bene here, and anytime it dropped, it recovered and went higher later on. It may not be this year, it may not be even next year, but we all KNOW FOR SURE that it will go above 125k again. Most likely estimate will be that it will reach above 125k again in 2029, but it WILL happen, so why worry about it?

For some old investors, the fear isn't that Bitcoin is not going to get to it's all time high again but what they fear is how long that they are going to hold until Bitcoin gets to that all time high and the reason for this is because of the source of income that they use in investing because even though we warn people against using an important part of their money for investing still we have many people still using a huge sum of important money that they need urgently to invest in hope that they can get a quick profit and then exit the market but most times they don't get that lucky. As an investor in Bitcoin you don't need to be afraid of the market because the market is in repetition as anything that happens today had happened before hence you don't need to be scared of the market instead what you should do is to be courageous and keep on investing believing that you will be rewarded in the future.

[Cossyblack]

In the beginning, you can start with little amount as low as $10 and buy slowly every week in other to not just be learning only theory because it's through practice that you get the experience of the market and experience increases confidence. When you have gotten the confidence in bitcoin, you can choose to increase your DCA amount and invest aggressively.

If you want to only be learning to understand bitcoin without investing, you wouldn't understand it better compared to when you're investing theory is very easy on paper. The worst risk is not to take the risk to invest into bitcoin when you have the opportunity because you will definitely, regret it in future when the price of bitcoin becomes very expensive.

If you want to learnt about a business, you can only understand how it works better when you are involved in it practically. No one learns about an investment without through practical. Bitcoin investment is more of practical than theory because we you don't accumulat bitcoin  consistently you're not going to achieve anything in the long run. If an investor is serious to grow his portfolio,he needs to invest in bitcoin consistently. You cannot achieve anything tangible by merely studying bitcoin you must invest and hold for the long-term.

[danherbias07]

Well, some investors do it the other way.

But first, learn later. And since the reputation of Bitcoin is already established, there's no need to fear about what it being scammy like the other altcoins or shitcoins that came out. I tell you, there are a lot of my officemates who don't have any knowledge about Bitcoin, and yet they bought it. Then, they learn more using this forum as their start, and to keep themselves updated with news and the market.

I say what I fear most is buying a scam coin, so I'd rather buy Bitcoin to avoid that. Why fear buying it if there's no other good choice?

[Sim_card]

For some old investors, the fear isn't that Bitcoin is not going to get to it's all time high again but what they fear is how long that they are going to hold until Bitcoin gets to that all time high and the reason for this is because of the source of income that they use in investing because even though we warn people against using an important part of their money for investing still we have many people still using a huge sum of important money that they need urgently to invest in hope that they can get a quick profit and then exit the market but most times they don't get that lucky. As an investor in Bitcoin you don't need to be afraid of the market because the market is in repetition as anything that happens today had happened before hence you don't need to be scared of the market instead what you should do is to be courageous and keep on investing believing that you will be rewarded in the future.

This is why you need to use the right funds to invest in bitcion which is your discretionary income and have a long term mindset with a bitcion target to accumulate overtime. That will make you focus on ongoingly buying bitcoin regularly every week irrespective of the price of bitcoin at that moment and even if the price dips, you wouldn't panic to the point of selling in fear because you don't need the money that you have put into bitcoin.

Anyone that invest with money for his important needs is only gambling and not investing because he has the plans to sell the moment he see little profit but most times the opposite is the case, the price wouldn't pump but dip and that's why they panic and sell at loss because they didn't invest with the right funds and has a wrong investment mentality on bitcoin investment.

[Marvelockg]

I say what I fear most is buying a scam coin, so I'd rather buy Bitcoin to avoid that. Why fear buying it if there's no other good choice?

The fear always spans from a place of uncertainty as bitcoin price continues to rally back and forth. As an entry level investor, it is not compete ideal to get started in your investment journey without having an idea what bitcoin is about and how it is different from other coin. if you can investment in  bitcoin without knowing much about it, it means that you just exit being invested in bitcoin at will. knowledge cast away all fear and i will recommend it as a means of remaining invested throughout the times uncertainty will come uo because uncertainty will certainly come.

[Halifat]

I say what I fear most is buying a scam coin, so I'd rather buy Bitcoin to avoid that. Why fear buying it if there's no other good choice?

The fear always spans from a place of uncertainty as bitcoin price continues to rally back and forth. As an entry level investor, it is not compete ideal to get started in your investment journey without having an idea what bitcoin is about and how it is different from other coin. if you can investment in  bitcoin without knowing much about it, it means that you just exit being invested in bitcoin at will. knowledge cast away all fear and i will recommend it as a means of remaining invested throughout the times uncertainty will come uo because uncertainty will certainly come.

Addition to what you have said, I am seeing him as a very new person to the entire cryptocurrency that is why he is  describing a scam coin when we are taking about Bitcoin. It doesn't understand bitcoin and that is why is still having doubt, yes he may have doubt but I think the best way for him is to free up his mind and start investing in Bitcoin because it is guarantee for him that he's investment will not be in vein, the only thing he needed is discretionary income for him to start investment in Bitcoin then after that he can go ahead and learn more about it, but he should be able to maintain his consistency.

[Umulala-alala]

This is the thing, people who see price drops and "fear" it, must be new here because there is no way that we would do anything fearful and because of this there is no reason why we should be considering this as a bad thing. We have bene here, and anytime it dropped, it recovered and went higher later on. It may not be this year, it may not be even next year, but we all KNOW FOR SURE that it will go above 125k again. Most likely estimate will be that it will reach above 125k again in 2029, but it WILL happen, so why worry about it?

For some old investors, the fear isn't that Bitcoin is not going to get to it's all time high again but what they fear is how long that they are going to hold until Bitcoin gets to that all time high and the reason for this is because of the source of income that they use in investing because even though we warn people against using an important part of their money for investing still we have many people still using a huge sum of important money that they need urgently to invest in hope that they can get a quick profit and then exit the market but most times they don't get that lucky. As an investor in Bitcoin you don't need to be afraid of the market because the market is in repetition as anything that happens today had happened before hence you don't need to be scared of the market instead what you should do is to be courageous and keep on investing believing that you will be rewarded in the future.

It is gambling to use money you will be needing urgently to invest in bitcoin and be expecting quick profit soon infact anybody who does this isn't an investor but a trader this is the reason they get scared when the market price is dropping in price, long time bitcoin investor who invested in BTC using their discretionary income wouldn't panic when there is drop in price because they are holding BTC for a long time. Before we should invest in bitcoin we should make sure we have settled all other important needs then any one that remains is what should be use in buying bitcoin.