Investment is not a bed of roses that you invest one day and next day or week you will get the profit.
Every investment has a risk of loss, but at least in Bitcoin we can minimize losses by not selling it when the price goes down. Yes, perhaps among those who are still laypeople, of course, they think that investing in Bitcoin has a bigger risk because the price fluctuates, but the loss is purely due to their own decision. Maybe those who lose are those with weak hands who are unable to survive when the market is down. such actions could result in them incurring losses if they sell it. In long-term investments, of course they are ready for all the consequences they will face. They must have a target to achieve big profits and not sell when the market is red.
Every investment is risky. We should invest in Bitcoin such money that we can afford to lose. Although we know that Bitcoin is not comparable to all other Shitcoin and gambling coins, it can be a reliable investment, but there is no guarantee that can be given from it, the investor should invest with due caution.
If we are successful in investing here by adopting DCA method then surely we can reduce our risk. We know that Bitcoin is a very volatile currency. When I invest all my investment money together in Bitcoin, my wealth may naturally decrease due to the drop in Bitcoin price. We can never guarantee an investment in Bitcoin but the way people's demand for it increases, our investment can turn into a great asset in the long run. But what I want to say again is that the mindset of investing in Bitcoin should be to fulfill long-term dreams and not for the greed of getting more.
Everything has risks, but any success requires trade-offs. So I think we should not focus too much on the risk but instead we should be ready to face it if it really happens. Once we decide to invest, we should be optimistic about our choice because thinking too much about risks will make us afraid and miss opportunities. Just like every time the price of bitcoin drops, many people fear it will drop even further and do not dare to buy when the price drops. And finally, they miss the opportunity to buy because the price does not continue to fall but increases again.
Think carefully and make a decision before investing. Once you have decided to invest, you should believe in your choice and stick to the plan you have set, don't think too much about risks.
I am confident in this aspect that I can hold my investment for a long time because we have multiple sources of income and my father is a government employee so I may not have to sell my investment in case of financial need. Many people may not have the financial freedom I have and the opportunity to hold investments for a long time. There are many people who earn money by working hard and after earning money they invest a part of that money, compared to them it is very easy for me to invest and keep that investment for a long time.
I respect those investors who work hard and invest in Bitcoin hoping for good things and they try to hold on to that investment for a long time even if they suffer a lot. Those who don't sell their investment despite having many shortages are the real investors.
Since I will never need to sell the investment, I will try to hold my investment for as long as possible. If I am successful in the investment, I will discuss my investment with my family.
It's good for you that your father is financially sound so you don't have to sell bitcoins but do you have money of your own? If not then you will have problem in investing. Your father may not always support you. Moreover, even after bringing money invested for a long period of time, if you are exposed to losses, you may have to live under stress. Investing in Bitcoin is definitely a good decision but should invest money with own ability or if you suggest someone educate them thoroughly about Bitcoin. Explain its positive aspects as well as its negative aspects. If your father fully understands Bitcoin and plans to hold it for the long term, it will be acceptable. But according to your perspective do DCA regularly, it will give better results.
He was fortunate to be born into a wealthy family, but relying on his parents is not something to brag about here. I like people who make their own money and are responsible for their lives rather than relying on their parents. Let's make our parents proud of us, don't let them worry more when we grow up.