As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?
Pls, advise me.
For a HODL investor there is no reason to be fearful right now. In my opinion the Bitcoin price at the moment is relatively cheap and buying some coins for long term holding is a good idea. If like you said that you don't need the capital right now for spending, than investing it makes a lot of sense. The best argument for me to buy more crytpos at the moment is the double digit inflation rates. You are losing on average 10% purchasing power of your FIAT money by only letting it sit in your bank account. So why not invest the money and participate of the next bull market? And there is nothing really to fear about, because even prices will drop for bitcoin further in the short term, as a long term holder this is not going to affect you. Crypto currencies like most other assets tend to move in cycles, so it's just a matter of time for the next rally to come.