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.
You should have no concerns as long as you are only investing in Bitcoin.
There is a bright future for Bitcoin, and given how low the price has fallen in comparison to its all-time high, there is hope that it will rise above its all-time high before, during, or after the Bitcoin halving in 2024. This means you have nothing to fear, and now may be the time to invest in Bitcoin.
However, do not borrow money to invest in Bitcoin; instead, invest only what you can afford to lose.
For us who have witnessed collapse, and experienced intense bear seasons can say that what is happening now is a regular thing. But for OP, a newbie would be hard to bear despite hearing a lot about crashes, and history shows bitcoin will recover once the bear season is over. The best way for him to overcome those things is for him to experience it first-hand, no advice is as effective as a real experience. So I will agree with you, advise OP to invest with money he can lose.