What factors will you consider for Bitcoin investment? Do you also compare other indexes to check when it is a suitable time to buy in or out for Bitcoin? Like Gold Price? Nasdaq index?
1.Risk Tolerance It can all go down the drain. I don't rely on the price of Bitcoin nor on my bitcoins for my day to day life.
2.Sane decision making. If you're going to buy at or near ATH (all time high), then you should be ready for the correction. Are you buying because of FOMO? (fear of missing out)
3.Long Term Thinking and Ideology. Where is bitcoin likely to be 20 years from now? Is Bitcoin something I believe in? Does it align with my political and personal values?