At the same time, ignoring the volatility, to continue investing with confidence, we must invest with discretionary funds. Because when the investment is made with the necessary money beyond our ability, then we will have less power to ignore the volatility, because when you see it decrease after investing the necessary money, then the panic will deepen in you, and besides, will we be able to hold the necessary money for the long term? Of course not, because we will need the money at that specific time of need, and despite the loss at that time, we will have to sell our investment and take the money to meet that need, where there will be a high possibility of a very big loss. That is why with the right plan, you must invest with the right amount, which you can hold for the long term, because for good success there is no alternative to continuous long-term holding.
I don't consider the volatility of bitcoin as a major obstacle for long-term investmemt irrespective of whatever method the investor chooses to adopt, it is only a problem for short-term term investors who want to aim the market to get perfect entry and make profits before the market hit their protective stops. For instance, someone investing via the DCA method will not mind any rapid spike in price because the DCA method does not care about the price but is more concerned about getting an entry at a designated time.
Therefore, dwelling so much on the volatility of bitcoin makes it look like we are discussing trading which is never the best way to go about bitcoin because of the risk inherent in it.