2. Invest what you are able to lose;
I have a question!
Who has ever lost in bitcoin? I do not find this advice pleasant to bitcoin. Although, this is a kind of general advice for assets that are volatile. But with bitcoin having proven that it can resuscitate after crash, the advice should be rephrased as Invest what you will not be needing in the next few years. It will not be advisable to use the money meant for your childrens school fees for bitcoin. Just have an investment budget from your income that will not negative alter your living state. Then, when you invest for 3yrs to 5yrs duration, there's no how bitcoin will fail you.
You lose bitcoins out of fear and trying to cut your losses when the market corrects in other words people say "Panic". I don't think there is an obsolete method for investment patterns in bitcoin because there is a bullish or bearish market and we can adjust when assets that we have are below the price of capital.
Talking about accuracy and targets it may be true that it is not recommended to use children's education money, savings and other preparations for investment because we do not know that urgent needs can be needed at any time and therefore people must have several sources of income that can be adjusted. But on a long-term scale, placing a child's education security deposit in bitcoin will not hurt you either, because usually education requires more money when children enter university. So that the calculation can be placed on the money we have in bitcoin and the cycle count can be adjusted so that the money can be withdrawn when the child starts entering university.
Besides I have known people that put their retirement money into bitcoin And I have also seen people that have all their savings in bitcoin. What do you have to tell them?
Of course the steps are more appropriate if you don't put all your money in bitcoin because you have to open several baskets in other investments, so that when the bitcoin period experiences a correction you have other income. The problem is that people don't think long term and bitcoin will also experience a period of decline in the correction phase, so putting all savings and retirement funds in bitcoin is not quite right.
Making investment scale is important and accuracy is also needed to avoid certain conditions, for example conditions that occur outside of predictions and you don't need to sell bitcoins to cover these needs, in other words saving is also important to think about and not always talk about investment.