Quote from: yslyv on Today at 07:50:37 PM

Quote from: bitLeap on Today at 06:48:27 PM

Quote from: Dr.Bitcoin_Strange on Today at 06:14:58 PM

Quote from: JayJuanGee on Today at 12:06:51 AM

I agree that anyone could be subjected to price pressures, and even uncomfortable feelings when BTC prices go down more than 50% and stay down for long periods of time, but it would be an error to speculate that all investors are impacted in similar kinds of ways - because there can be both a lot of value in time investing in a variety of asset classes and having wealth in a variety of ways that might cause a person to be less concerned about great losses in the quantities of BTC wealth when they have their wealth secured in other ways, too.

You are absolutely correct, sir. Both in Bitcoin and other investments, when they remain unprofitable for a very long time, the investor might feel uncomfortable about them. But when it concerns someone who has different financial sources of income, they can only have that pressure for a short time, but after the thoughts slide off their mind, they get occupied with other sources that are generating income for them.

I can say that most people investing in Bitcoin are handling it in such a way that price volatility during the bear market really makes them so uncomfortable, probably because Bitcoin is just where they have all their investments. Personally, I think it is wrong to just have one source of income, particularly internet-related. One can invest in bitcoin and other physical assets.

We have this guy in the city where I live that is nicknamed "Virus." This guy has a lot of investment to the extent that on every day of the week, he receives up to $500 from different means; he has a lot of taxis and drivers that are running the taxi for him; he's into Bitcoin as well; he deals in car importation; he has a series of income sources; and even if the Bitcoin price is so low, I know he might just have a temporary bad feeling, but after some time, he will still be cheered by other inflow of funds to his account.

I used the guy as an example because if some Bitcoiners use that approach to invest in Bitcoin, they will not be deeply concerned about the long bear market as if their lives only depend on it. Above all, I know every person cannot be the same, act the same way, or have the same strength as others who can hustle with full strength to fix different income sources for themselves.

Bitcoin is just buy and hold! Hold until we have the profit that is desired.

Actually there is nothing wrong with saving all of our assets in the form of bitcoin, it's just that it's better to divide it into several types of investments, because if bitcoin experiences a bear market like we have experienced for a while we still have other investment assets. After all I am a believer in not putting our money in the same bag.

Certainly, as an investor, especially in bitcoin, we are worried about experiencing a nominal decrease in our portfolio because the decline experienced by bitcoin is very natural to feel, especially if it's been for a very long time. It's just that when we already know what we have to do we can be calmer in dealing with all of that.
We've been through a few times like this, so I think we already know what's going to happen next. Therefore when we have income from other jobs and have more money we are recommended to buy bitcoin when a bear market occurs. We don't have to make large purchases, we can do it with a strategy that we know as the DCA strategy.

Having multiple assets ensures we're not overly reliant on a single investment like Bitcoin. It's also important to stay calm and follow strategies like DCA during bear markets. Preparedness and a balanced portfolio are key

For one to be able to hold for long, that person needs another means of income to enable him not to panic during the bear market. Also you will also be able to keep on with DCA every month for more accumulation of coins with your savings from other investment. When one is not rich,he should take bitcoin investment as a side alternative work and shouldn't just sit down and fold his arms,because if your investment turns out the other way round not in favour to you,this might cause panic for you not to lose out during the bear market. Bitcoin investment isn't an energy input investment and doesnt consume much time,as long as you know the market analysis and secure your coins safely, you can still do other jobs along side with your investment.

No matter how small your investment is,as long as you can hold for long,and continue to DCA,you will definitely be a winner.