Yes, I agree with this, we have full rights over the decisions we will make. But what must be noted is that we must base this on science. But when it comes to bitcoin then I fully believe, I will not say that I believe once I know btc, it must be a long journey for me to make me sure that I am not wrong to invest in bitcoin, and in the end now I am truly confident in the bitcoin that I hold, unlike the case when I invest in other coins, I do not put full trust, therefore I always make short-term investments only.
I would not recommend for people who half-heartedly invest in bitcoin in the long run, the article will be a risk that might turn around that should get a profit instead get a loss, because of several things, they panic, they are affected by FUD and other things that make them sell bitcoin at a lower price than the price they bought, including also on less mature planning.
Remember here we are not fighting luck, but we are in a situation where we have to hold strong, and that will certainly be very related to our planning at the beginning.
It would be a shame if we had to stop in the middle of the road because our planning was not well-organized.
Those unexpected down positions end up being great situations for either buying more BTC and/or holding, as is the theme of this thread. So it seems to me that the solution for newbies might well have to do with starting out with a position size that is sufficiently small in order that they are not necessarily going to feel uncomfortable and panic if the BTC price goes down instead of up.... I doubt that the solution is necessarily to plan more .. even though sometimes it can be difficult to say how each person should attempt to deal with his/her own situation - especially since we likely realize that if the person does not invest enough, then they are also going to regret their decision if the BTC price ends up going up and they feel as if they did not buy enough.
Everyone has these kinds of balancing dilemmas, and such balancing dilemmas seem to be worse for newbies, because it can take a while to both build a BTC portfolio of significant size and also to have such BTC portfolio be in profits.
Well there is an interesting thing but then it will get a different response to the decline experienced by bitcoin. And I totally agree that for us, every time bitcoin goes down, it is an opportunity for us to increase the amount of load in our portfolio, but the same thing will probably be different with those who are still "beginners" in bitcoin investment. Their response to any downturn tends to be panic, and we know in a panic situation, things we don't want to do will be done unconsciously.
It is natural to want to have a large portfolio, because if there is an increase, our profits will also be large. But if we continue to be in that mindset, I think it is a mindset that should be avoided, because it would be better if we start from the smallest balance as said here. I emphasize here for beginners, because from some of my experiences, whenever I see them move, they always want to move from the biggest.