There are some investors who invest with a long-term investment thought but after a period of time they are forced to sell their Bitcoin holdings at a loss when they are financially distressed. And at that time the big investors who are there take advantage of the market and profit a lot. When Bitcoin is bearish, some sell for money and some don't want to miss out on the opportunity to buy Bitcoin at a low price. Bitcoin holders should invest money that will not need to be sold until the expected time.
Using money that will not be used for other purposes in the future will keep the investment on track.
If you cut losses just because of emergency needs it will not be good for trading or investing.
When bitcoin is bearish it is time to start buying again and increase bitcoin ownership assets, not selling to reduce losses.
Buying Bitcoin is a very good choice, but the strategy that must be used must also be quite appropriate.
Management will play an important role in the smooth running of the strategy, financial management, and risk management must be done.