What to do to eliminate fear and starts investing in Bitcoin

[Hardyrobust]

There is no need to be experienced in the first place to invest in Bitcoin, for this you need to build the ability to buy Bitcoin, take risks, and aim to increase your discretionary income. If a person invests correctly and follows the strategy, that person will definitely be successful, only through long-term Bitcoin investment can you eliminate financial shortages in the future. Right now, you choose a strong wallet, and collect the wallet key well and keep it safe.
You will invest in Bitcoin using your discretionary income in the first place, and also build an emergency fund so that you can protect your Bitcoin investment from any danger.

I think that your point becomes weak when you say that if a person just stick to the right plan then they'll be certain to be successful. Although a sound strategy enhances the chances of the investor, but it does not eliminate uncertainty. There is no guarantee in Investing and  I don't think Bitcoin should be labeled that way either.

Secondly, I believe that it's not accurate for you to say that only long term Bitcoin investment to stop or eliminate money shortages.  There is no doubt that Bitcoin may be a valuable addition to a long term investment strategy,  but there are other aspects of financial planning that can help improve your financial situation,  such as cashflow management, boosting discretionary income, maintaining backup funds and living within your means.  Bitcoin becomes very effective when it is built on a sound financial structure and not just a solution for financial issues.

For sure there is no plan or strategy that an investor will deploy that will eliminate the chances of risk or that will guarantee success at the end of there bitcoin investment. The only thing is that a good strategy and a good plan will increase their chances of success and also reduce or minise risk but it doesn't mean that there bitcoin investment is bound to succeed.  So , it is wrong for anyone to believe that a good plan or strategy guarantee successful bitcoin investment.

[Silikiem]

Accept whatever challenges you experience on the way for it removes fear and makes you ;

Start to invest immediately with whatever you have, don't wait for bigger Huns .

Do not invest with what you cannot afford to lose and you should invest ongoingly and continuously so that you will get to your over accumulation stage on time without delay.
Never accept defeat, always stand up quickly whenever you fall for mistakes are bound to happen and it is part of them.

Fear is the biggest problem a lot of persons have and has made them lost a lot in this life .

Start using small money first as you are just getting a good grasp of this market. Even doing financial transactions is a crucial one because one wrong move and you will lose your funds.

It’s not just about using small money, it’s about ensuring that such money is your discretionary income as this is the money you won’t be needing anytime soon when setting out for a long term investment . Investing with a discretionary income after sorting out our basic financial obligations is the ideal way of investing in bitcoin, and not just because we feel the money is small and then we want to use it and invest without ensuring if such money is your discretionary income. The market is very volatile and with the DCA strategy of investing in bitcoin, one don’t have to worry about grasping the market before they can invest because the DCA allows investors to invest at any market price with just their discretionary income either weekly or monthly basis and most time depending on when they have discretionary income to use and buy bitcoin .

[I_Anime]

Accept whatever challenges you experience on the way for it removes fear and makes you ;

Start to invest immediately with whatever you have, don't wait for bigger Huns .

Do not invest with what you cannot afford to lose and you should invest ongoingly and continuously so that you will get to your over accumulation stage on time without delay.
Never accept defeat, always stand up quickly whenever you fall for mistakes are bound to happen and it is part of them.

Fear is the biggest problem a lot of persons have and has made them lost a lot in this life .

Firstly accept the fact that risk is part of the game and it’s normal for one to have the fear of seeing their investment value depreciating. Still don’t let to be an hindrance to your bitcoin growth , by letting fear affecting your holding like selling fast whenever there’s any slight dip . Being scared to buy more , things like this will definitely slow down the growth of your investment, with the right knowledge Bitcoin risk are quite manageable , so applying a proper risk management won’t be an issue like for instance buying with dca strategy.

[Barikui1]

. Still don’t let to be an hindrance to your bitcoin growth , by letting fear affecting your holding like selling fast whenever there’s any slight dip . Being scared to buy more , things like this will definitely slow down the growth of your investment, with the right knowledge Bitcoin risk are quite manageable , so applying a proper risk management won’t be an issue like for instance buying with dca strategy.

Anytime their is a dip in the market and you start being afraid of buying more or you start panicking because of the market conditions, that shows that you didn't accumulate your Bitcoin holdings with the right fund, because if you has invested with your discretionary income, which is a fund you can afford to lose, your wouldn't be emotional towards your Bitcoin investment, and because of that you will not panic or feel uneasy anytime their is a dip in the market. Fear while investing in Bitcoin is as a result investment with what you cannot afford to lose, but anything that makes you to invest with what you can afford to lose, that fear of the worst would be gone without stress, so that is the blueprint we must follow, if we want to eliminate fear while investing in Bitcoin.

[Mayor of ogba]

Bitcoin is an investment you need to be patient before you can benefit from it, so don't think immediately you start investing in bitcoin you will start seeing results. Firstly, for you to start investing in bitcoin, you need the basic knowledge of bitcoin and you need to have discretionary income. Having the basic knowledge of bitcoin will help you know how bitcoin behaves and it will help you to hold your bitcoin portfolio tight whenever you experience the volatile nature of bitcoin as you are investing in bitcoin, while discretionary income is the money you should use to accumulate bitcoin and gradually build your emergency funds. Emergency funds are funds you depend on to sort out your unforeseen circumstances and continue holding your bitcoin for the long term. For instance, if you are investing in bitcoin and suddenly you have car repairs, you can depend on your emergency fund without thinking of selling your bitcoin or properties to get it fixed.

[Cossyblack]

Fear while investing in Bitcoin is as a result investment with what you cannot afford to lose, but anything that makes you to invest with what you can afford to lose, that fear of the worst would be gone without stress, so that is the blueprint we must follow, if we want to eliminate fear while investing in Bitcoin.

Fear is normal  you can't erased it from the picture..it's part of what you will experience as an investor but the most important thing is to control it and not to allow it to control you.  There are investor who has allow themselves to be control by their fear, so even if they get to invest using their discretionary income they will still be afraid especially if they are already suffering from chrometophobia.  Investors should stop monitoring the market because it also contribute to why people panic over the market. Instead of monitoring the market that might cause you to panic, you should apply the use of dca strategy and invest using your discretionary income as this will help mitigate the risk,help you stay focused however though it doesn't eliminate the fear.

[Shineup]

Accept whatever challenges you experience on the way for it removes fear and makes you ;

Start to invest immediately with whatever you have, don't wait for bigger Huns .

Do not invest with what you cannot afford to lose and you should invest ongoingly and continuously so that you will get to your over accumulation stage on time without delay.
Never accept defeat, always stand up quickly whenever you fall for mistakes are bound to happen and it is part of them.

Fear is the biggest problem a lot of persons have and has made them lost a lot in this life .

Firstly accept the fact that risk is part of the game and it’s normal for one to have the fear of seeing their investment value depreciating. Still don’t let to be an hindrance to your bitcoin growth , by letting fear affecting your holding like selling fast whenever there’s any slight dip . Being scared to buy more , things like this will definitely slow down the growth of your investment, with the right knowledge Bitcoin risk are quite manageable , so applying a proper risk management won’t be an issue like for instance buying with dca strategy.

The narrative of eliminating fear and start investing in Bitcoin can never be complete without bringing in the picture of investing only with a discretionary income as this means that all your other basic and essential expenses are already covered up and when you now invest from the other part of your money that is discretional I think this can take away the fear as you have nothing to worry about even in the case anything goes wrong since Bitcoin investment is not completely risk free, the DCA is recommendable as you can start to invest even with a small amount while getting other clarification.

[JayJuanGee]

Bitcoin is an investment you need to be patient before you can benefit from it, so don't think immediately you start investing in bitcoin you will start seeing results. Firstly, for you to start investing in bitcoin, you need the basic knowledge of bitcoin and you need to have discretionary income. Having the basic knowledge of bitcoin will help you know how bitcoin behaves and it will help you to hold your bitcoin portfolio tight whenever you experience the volatile nature of bitcoin as you are investing in bitcoin, while discretionary income is the money you should use to accumulate bitcoin and gradually build your emergency funds. Emergency funds are funds you depend on to sort out your unforeseen circumstances and continue holding your bitcoin for the long term. For instance, if you are investing in bitcoin and suddenly you have car repairs, you can depend on your emergency fund without thinking of selling your bitcoin or properties to get it fixed.

In order to start investing in bitcoin all you need is discretionary funds.

There is no need to add additional and vague ideas about supposed "basic knowledge" that is needed since guys can use their own judgement figure out what they need or don't need as long as they have discretionary funds, they can get started buying bitcoin.

They can also learn whatever they need to learn as they are starting to buy bitcoin on a regular basis, perhaps weekly?

[Royal Cap]

You need to invest from your discretionary income, which is a fund you can afford to lose, that way you will not fear or panic if their is a dip in the market or your investment is not going as expected, because you know that even though the worst happens, you will still be fine emotionally and financially.

Of course this is a good rule for risk management. However, I think that investing only money that you can afford to lose does not completely eliminate fear, because many times, even with little knowledge about the market, people become unnecessarily panicked. So I would say, it is necessary to have a realistic idea of ​​​​the natural volatility of Bitcoin before investing. This makes it easier to see temporary price drops not as losses, but as normal market behavior.

Fear and panicking can never be taken away once you invest what you cannot afford to lose regardless of wether you are a newbie or a veteran investor, so it's very important that we invest only what we can afford to lose, if we don't want to be emotionally attached to our investment.

I consider this to be one of the foundations of long term investing. When emergency money are stuck in investments, every drop in value creates mental stress. I think investing in steps is also a good habit. This makes it easier to handle market fluctuations and the possibility of making wrong decisions due to emotions is also greatly reduced.

[Princess Leah]

~

In order to start investing in bitcoin all you need is discretionary funds.

There is no need to add additional and vague ideas about supposed "basic knowledge" that is needed since guys can use their own judgement figure out what they need or don't need as long as they have discretionary funds, they can get started buying bitcoin.

They can also learn whatever they need to learn as they are starting to buy bitcoin on a regular basis, perhaps weekly?

People confuse starting with getting along but learning is constant so I believe he'll take note of that, i could remember sometime ago when you corrected me of something similar and I took note cause common sense should tell someone that they can't start without buying and to buy they need the discretionary funds which is what's used for investment.

 Learning other things along the line can come later after buying, I believe that knowing how to buy or where to buy from shouldn't be complicated that people can't do research by themselves and figure it out.

[JayJuanGee]

You need to invest from your discretionary income, which is a fund you can afford to lose, that way you will not fear or panic if their is a dip in the market or your investment is not going as expected, because you know that even though the worst happens, you will still be fine emotionally and financially.

Of course this is a good rule for risk management. However, I think that investing only money that you can afford to lose does not completely eliminate fear, because many times, even with little knowledge about the market, people become unnecessarily panicked. So I would say, it is necessary to have a realistic idea of ​​​​the natural volatility of Bitcoin before investing. This makes it easier to see temporary price drops not as losses, but as normal market behavior.

If you are investing money that you can afford to lose, then why would you give any shits about such money.

You might not understand the meaning of "money that you can afford to lose"

Another thing when the price dips you can keep buying, so let's say that the BTC price dips for 2-3 years or more, then you are just keeping on buying with money that you can afford to lose.

If you don't have money that you can afford to lose, then maybe you should not be involved in investing in bitcoin. You have the wrong mindset and/or not enough discretionary funds because you don't want to lose any of it.. and maybe if you enjoy eating ice cream cones (or marshmallows) you just want to buy ice cream cones (marshmallows) with all of your extra money?

Fear and panicking can never be taken away once you invest what you cannot afford to lose regardless of wether you are a newbie or a veteran investor, so it's very important that we invest only what we can afford to lose, if we don't want to be emotionally attached to our investment.

I consider this to be one of the foundations of long term investing. When emergency money are stuck in investments, every drop in value creates mental stress. I think investing in steps is also a good habit. This makes it easier to handle market fluctuations and the possibility of making wrong decisions due to emotions is also greatly reduced.

You seem to understand that idea of money that you can afford to lose, but you are not able to find a balance.

Let's say that you have $100 per week in extra money that you could put into bitcoin, yet you are afraid to invest that money into bitcoin.  Therefore, you decide  to invest $30 per week into bitcoin, but then that makes you afraid, so then you are thinking about investing $10 per week into bitcoin since you might not be afraid to invest $10 per week into bitcoin, but then the trade off of investing too little is that the small amount might not add up to enough to make a meaningful difference in your life.

In the end you have to figure out a balance and you know that you have $100 available each week, but you are afraid to invest that much.. so then you also come to the same conclusion about $30 per week, and you probably have psychological problems to not be able to detach yourself from your money.  You have not figured out the right tool to cause you to say fuck it.. I will put in $30 per week and I won't give it much thought for 4-10 years or even longer... so then maybe you go to reassess where you are at at various times along the way, and so after 1 year, you had put $1,560 into bitcoin and after 5 years you had put $7,800 into bitcoin and after 10 years you had ended up putting $15,600  - then at that point you may well be regretting that you had been too whimpy and you had put too little into bitcoin.

Where is the balance?  Figure out a balance that you are going to be happy with now, and then happy with in 10 years or longer, yet at the same time after 10 years (or maybe even 20 years of investing into bitcoin), there is no guarantee that you will have your original investment amount or you could have had lost all of it.

We take preventative measures to protect our bitcoin, yet there still are not any guarantees to be profitable in whatever amount we choose to put into  bitcoin and whatever timeframe that we might start to cash out of some or all of our bitcoin.

~

In order to start investing in bitcoin all you need is discretionary funds.
There is no need to add additional and vague ideas about supposed "basic knowledge" that is needed since guys can use their own judgement figure out what they need or don't need as long as they have discretionary funds, they can get started buying bitcoin.

They can also learn whatever they need to learn as they are starting to buy bitcoin on a regular basis, perhaps weekly?

People confuse starting with getting along but learning is constant so I believe he'll take note of that, i could remember sometime ago when you corrected me of something similar and I took note cause common sense should tell someone that they can't start without buying and to buy they need the discretionary funds which is what's used for investment.

 Learning other things along the line can come later after buying, I believe that knowing how to buy or where to buy from shouldn't be complicated that people can't do research by themselves and figure it out.

I am not even proclaiming that any of the learning and becoming comfortable for the beginner is easy.  Sure some things are easier than other things, but part of the adaptation and figuring out what to do or how to do it lies with the beginner bitcoiners who are needing to take responsibility if they want to transition out of being a no coiner into being a coiner.

Even guys who had been buying bitcoin for a long time, such as 2-3 years or even longer, they may also be feeling as if they are not making much if any progress, and I felt in similar ways in 2013, 2014, 2015 and a good amount of 2016, and then I had some issues with losing some coins in early 2017, so there can be quite a few difficulties along the way that we likely need to both go through, but also try to figure out how to tailor our own actions to our circumstances both related to our income and expenses, but also related to our psychology and various other matters related to our 9 individual factors, and it is likely that we are continuing to learn and even continuing to figure out if we are still in early accumulation status or if there might be some ways in which we might start to change how we accumulate bitcoin, even after we had spent a good amount of time already accumulating bitcoin and also (hopefully?) strengthening our cashflow management systems/practices.

And, we likely realize that my own experience might not even be translatable to someone who is brand new to bitcoin, even though there frequently can be times in which we have no idea whether bitcoin prices are going to go up or down, and the extent to which governments are attacking bitcoin and various other concerns about both bitcoin and about cashflow management issues.

Even figuring out bitcoin exchanges or other places to source bitcoin might not be easy, and some guys might have dilemmas about how they get their coins, how much it might cost and then at what point they might build up their bitcoin holdings while keeping them on an exchange (held by a third party) before they might want to take steps in holding some or even most of their own coins.  And, even though they do not need to know all of these things before getting started, there can be challenges in learning and even some lack of comfort that has to be resolved so that a bitcoin newbie might start to feel that he can stack bitcoin and to feel comfortable about his building up a bitcoin stack, even if it might also tend to take time to build up a bitcoin stack, even if able to get over some of the initial hesitancies to get started. 

[BluebloodCXVI]

People confuse starting with getting along but learning is constant so I believe he'll take note of that, i could remember sometime ago when you corrected me of something similar and I took note cause common sense should tell someone that they can't start without buying and to buy they need the discretionary funds which is what's used for investment.

Learning other things along the line can come later after buying, I believe that knowing how to buy or where to buy from shouldn't be complicated that people can't do research by themselves and figure it out.

Waiting until you have every answer can easily turn into analysis paralysis because even with everything you might think you know, there’s always gonna be an article for you to read and there’s always gonna be another opinion for you to hear.

At some point, all you need to kickstart your investment journey is just enough understanding to use in making informed decisions and then keep on learning from there on; people tend to learn faster once they’ve already got their skin in the game.

As long as you’re investing with the money you can genuinely leave untouched for a long time, learning as you go isn’t a bad approach at all.

[Taskford]

In order to start investing in bitcoin all you need is discretionary funds.

There is no need to add additional and vague ideas about supposed "basic knowledge" that is needed since guys can use their own judgement figure out what they need or don't need as long as they have discretionary funds, they can get started buying bitcoin.

They can also learn whatever they need to learn as they are starting to buy bitcoin on a regular basis, perhaps weekly?

People confuse starting with getting along but learning is constant so I believe he'll take note of that, i could remember sometime ago when you corrected me of something similar and I took note cause common sense should tell someone that they can't start without buying and to buy they need the discretionary funds which is what's used for investment.

 Learning other things along the line can come later after buying, I believe that knowing how to buy or where to buy from shouldn't be complicated that people can't do research by themselves and figure it out.

Usually people have this misconception about starting  and knowing everything first, but actually they are two different matters. They could able to start once they figure out or confirm how much discretionary funds they have from their income, because that funds is good to used with their investment.

Other extra stuffs you have mention like learning deep topics about Bitcoin and also where to buy from different platforms will naturally come after they are consistent with their investment. Those matters are not complicated anymore and investors should have common sense to do some research to learn more about it.

So as what has been said, they cannot start their investment without taking initiative to execute their first buy, also they cannot do it without discretionary funds. After the first step has been done those things they need to learn would just actually follow.

[Ishicryptic]

People confuse starting with getting along but learning is constant so I believe he'll take note of that, i could remember sometime ago when you corrected me of something similar and I took note cause common sense should tell someone that they can't start without buying and to buy they need the discretionary funds which is what's used for investment.

Learning other things along the line can come later after buying, I believe that knowing how to buy or where to buy from shouldn't be complicated that people can't do research by themselves and figure it out.

Waiting until you have every answer can easily turn into analysis paralysis because even with everything you might think you know, there’s always gonna be an article for you to read and there’s always gonna be another opinion for you to hear.

At some point, all you need to kickstart your investment journey is just enough understanding to use in making informed decisions and then keep on learning from there on; people tend to learn faster once they’ve already got their skin in the game.

As long as you’re investing with the money you can genuinely leave untouched for a long time, learning as you go isn’t a bad approach at all.

Bitcoin knowledge is vast and complicated unless you're a technical person even at that if your purpose is to invest in Bitcoin you don't have to understand it's technicalities before you start to buy, no need to entertain fears whether you're investing in a scam project because Bitcoin has proven that it is a store of value, it has come this far and continues to increase in adoption dispite early skepticisms. What you need basically is discretionary funds and where to buy from, if you start you can gradually increase your knowledge, you can get basic knowledge by doing a little research online which shouldn't take more than a day or two. I think there is no genuine reason why somebody cannot start Bitcoin investment unless they don't have discretionary funds to buy, with as little as $20 you can start doing DCA until your income increases and you can increase your accumulation strength.

[Princess Leah]

Of course this is a good rule for risk management. However, I think that investing only money that you can afford to lose does not completely eliminate fear, because many times, even with little knowledge about the market, people become unnecessarily panicked. So I would say, it is necessary to have a realistic idea of ​​​​the natural volatility of Bitcoin before investing. This makes it easier to see temporary price drops not as losses, but as normal market behavior.

If you are investing money that you can afford to lose, then why would you give any shits about such money.

You might not understand the meaning of "money that you can afford to lose"

Another thing when the price dips you can keep buying, so let's say that the BTC price dips for 2-3 years or more, then you are just keeping on buying with money that you can afford to lose.

If you don't have money that you can afford to lose, then maybe you should not be involved in investing in bitcoin. You have the wrong mindset and/or not enough discretionary funds because you don't want to lose any of it.. and maybe if you enjoy eating ice cream cones (or marshmallows) you just want to buy ice cream cones (marshmallows) with all of your extra money?

If people invest with money they can afford to lose but still panic cause of volatility then it's either they're confused or not fully convinced about Bitcoin investment but thought of giving it a trial, cause in the right sense they're putting in money they can let go off so if they buy and the market falls there shouldn't be any worry since it's what they can let go of.

 That's why I feel they're confused cause knowing the funds they invested with shouldn't give them reasons to panic, they'll only panic if they used money outside their discretionary or the one meant for essentials to be specific. The discretionary funds is perfect for investment and anyone that's scared of losing it when they put it into a futuristic investment like Bitcoin was never ready to investment.

[Odohu]

If you are investing money that you can afford to lose, then why would you give any shits about such money.

You might not understand the meaning of "money that you can afford to lose"

Another thing when the price dips you can keep buying, so let's say that the BTC price dips for 2-3 years or more, then you are just keeping on buying with money that you can afford to lose.

If you don't have money that you can afford to lose, then maybe you should not be involved in investing in bitcoin. You have the wrong mindset and/or not enough discretionary funds because you don't want to lose any of it.. and maybe if you enjoy eating ice cream cones (or marshmallows) you just want to buy ice cream cones (marshmallows) with all of your extra money?

If people invest with money they can afford to lose but still panic cause of volatility then it's either they're confused or not fully convinced about Bitcoin investment but thought of giving it a trial, cause in the right sense they're putting in money they can let go off so if they buy and the market falls there shouldn't be any worry since it's what they can let go of.

 That's why I feel they're confused cause knowing the funds they invested with shouldn't give them reasons to panic, they'll only panic if they used money outside their discretionary or the one meant for essentials to be specific. The discretionary funds is perfect for investment and anyone that's scared of losing it when they put it into a futuristic investment like Bitcoin was never ready to investment.

At my stage I think I can afford to lose 10% of my income, however, if I invest that in Bitcoin, I will not be happy to lose it. This does not mean that when I see my investment in Bitcoin I will begin to panic, that will not happen because I have trust in Bitcoin as I believe that Bitcoin will not fail me so even if price drops far below my entry point, I will keep holding my Bitcoin and even buying more Bitcoin.

Generally, those who panic at price drops are those who invest way too much than they can let go and that is not encouraged because such decision messes with the emotion of the investor. The right thing is to invest insignificant amount of money that the investor can live his life without, this way he will not worry about things like price drops.

[JoyceBTC]

Accept whatever challenges you experience on the way for it removes fear and makes you ;

Start to invest immediately with whatever you have, don't wait for bigger Huns .

Do not invest with what you cannot afford to lose and you should invest ongoingly and continuously so that you will get to your over accumulation stage on time without delay.
Never accept defeat, always stand up quickly whenever you fall for mistakes are bound to happen and it is part of them.

Fear is the biggest problem a lot of persons have and has made them lost a lot in this life .

Start using small money first as you are just getting a good grasp of this market. Even doing financial transactions is a crucial one because one wrong move and you will lose your funds. This is why you need to be familiarize with the basics first and not rush investing your savings to something you are not yet very familiar of.

In bitcoin investment, success is never determined by the amount of money one used to invest. You can still invest small and end up not being consistent, or patient and sell at loss. Bitcoin has been proved to be a trusted and reputable cryptocurrency, that has helped so many build wealth over time. So as someone that wants to invest in bitcoin, which is recognized to be trusted, one should be ready to eliminate fear, take the risk and invest. Your mind should not be centered on investing just small because you are scared or trying to test run the investment, because that mindset seems you’re just after quick profit and if it doesn’t favour you, you then pull out. Invest with what you can, try to accumulate, be consistent, remain patience and hodl for long term, that will determine your success.
As an investor, try to keep your emotions out of your investment journey, practice self control, kickstart your investment and stay disciplined.

[Promocodeudo]

I also believe that it is always better to choose both if trading and investing if you have the means, while your use your trades to make quick wins and profits, your investments are there to sustain you over a longer period of time. Trading is also important, for those of us that are looking at gaining at the market volatility however little it is, you either decide to do day trading or you engage in a week, enter the trade when the price drops and not doing so well but also target these particular positions to enter a trade then go out of the trade when a profit is to be made that is when there’s a a little gain from the market. Investment however has become essentially for long term plans and growth through the system.

I don't know the point you were trying to make but this thread is painting at the approaches that should be folowed to get rid of fear to start investing in Bitcoin, although I understand that replies can lead to different ideas but I refuse to agree with you that it is good for someone to be an investor and at the same time a trader, did you thought about this very well before writing this,? Are you aware that if someone decides to hodl and trade too, he can decide to withdraw from his hodling someday to trade, situation can lead to that, for instance a day that he don't have a separate amount for trading, he might give himself hope that he'll have some profit and replace the amount that he will be withdrawing from his hodling later, this habit may continue like that until he has nothing left, for me, I think it is better we don't start what can lead us into exiting from Bitcoin investment which Will cause us regret.

[Princess Leah]

~

~

At my stage I think I can afford to lose 10% of my income, however, if I invest that in Bitcoin, I will not be happy to lose it. This does not mean that when I see my investment in Bitcoin I will begin to panic, that will not happen because I have trust in Bitcoin as I believe that Bitcoin will not fail me so even if price drops far below my entry point, I will keep holding my Bitcoin and even buying more Bitcoin.

Generally, those who panic at price drops are those who invest way too much than they can let go and that is not encouraged because such decision messes with the emotion of the investor. The right thing is to invest insignificant amount of money that the investor can live his life without, this way he will not worry about things like price drops.

Bitcoin is an investment of the future not near future but longer and so far it continues with the trend of recovering after every dip, I think think you have reasons to worry about lose except you're a trader but as an investor, so should know that the lose in Bitcoin is mostly temporary when you hold it longer.

 Different set of people see reasons to panic, those who invest outside their discretionary funds, those who buy to make quick profits, they're the ones who worry when their expectations iis not meet but long term holders are hopeful and believe that the historical pattern of Bitcoin would remain progressive. The last time i checked, Bitcoin has never failed people who believe and hope it continues to be progressive.

[SmartCharpa]

I also believe that it is always better to choose both if trading and investing if you have the means, while your use your trades to make quick wins and profits, your investments are there to sustain you over a longer period of time. Trading is also important, for those of us that are looking at gaining at the market volatility however little it is, you either decide to do day trading or you engage in a week, enter the trade when the price drops and not doing so well but also target these particular positions to enter a trade then go out of the trade when a profit is to be made that is when there’s a a little gain from the market. Investment however has become essentially for long term plans and growth through the system.

Are you trying to say someone can trade, while investing for the long term? If you have the money to invest and trade at the same time, it is your choice, but you should understand the results of whatever you choose to do. Do you think trading is a way of making quick profit? Do you even consider the chance of losing your money at all? The way you see trading as a way to make quick profits is the same way it can make you lose everything with the blink of an eye.

I don’t think you have ever try trading before, you are just suggesting that people can do both at the same time. Perhaps you assume everyone who is into trading always goes in and out with a profit. Trading is just like gambling, sometimes, after you lose money, you will regret why you entered the market in the first place. Just use the money and the energy to focus on a long term investment.