Sometimes our approach towards investments could be our greatest fall because when you have a predetermined negative mindset about a certain investment, you definitely will approach it wrongly and may possibly make mistakes you may have to learn from the hard way.
Talking about approach I believe the phrase
"HODL WHAT YOU CAN AFFORD TO LOSE" should be a guide when investing in in Bitcoin.As it would go a long way in preventing trauma which may be caused by fatal losses possibly. Bitcoin still remains the OG so it's never a bad option to invest in it.
I totally concur with this acception. Selling is always the worst mistake a Bitcoiner would ever make, some myopic investors sees a dip as the worst times in Bitcoin investment, investors who do not really know what Bitcoin is all about and the real vision. Thereby making them afraid of what the outcome of might be and then go ahead to sell off their Bitcoin, without knowing that dips are on the contrary the one of the best period in Bitcoin investment because it gives you another opportunity to buy and prepare for another Bull run. One major lesson I've learned about Bitcoin is that you only loose when you sell but you're in the safest side and will always make profit when you HODL even in the midst of a great dip. That's the secret of Bitcoin.
Selling Bitcoin is never a mistake but a choice which can either be regarded as a bad or good one which depends on the circumstances.We should not be against selling Bitcoin because most times we tend to buy Bitcoin before we hodl so if no one wants to sell we definitely can't hodl.Hodling is always regarded as the better option because it doesn't require any technicality unlike trading which does.