Anyone who looks at Bitcoin's past history is bound to believe that investing in Bitcoin and holding that investment for a long time is the most profitable of all. You will see where Bitcoin's journey started and where it stopped. Since 2009 till now, Bitcoin's popularity has increased as well as the value of Bitcoin has increased a lot. There are many investors who are just watching the market but haven't dared to invest. Those investors have been watching the market for years and missing opportunities and regretting not being able to invest. Investing in a short-term plan by understanding the market may give you some profit, but if you hold your bitcoins for a long period of time, bitcoins will give you much more than you expect. We cannot covet a small amount of gain for the sake of this much, we must aim for something much bigger.
That is why investors who already believe in Bitcoin will still hold their Bitcoin even though the price is still low. In fact, they will continue to buy Bitcoin as long as the price is still low because they know it is their chance to get it at that low price. They will not want to lose the opportunity to buy and keep Bitcoin because they believe that it will return to its highest price in the future. And this has been applied again by investors still confident in Bitcoin. They don't panic when there is a correction but will look for the right time to buy more Bitcoin. We must be able to buy Bitcoin, too, and we already know the DCA method, which will be a way for us to buy Bitcoin regularly.
I do not think that any of those following this discussion still have doubts in Bitcoin. They believe in Bitcoin and have seen the opportunities it presents that is why they followed this discussion even up to this page 260 with over 5000 messages. When we all believe in Bitcoin already, the challenge then becomes how to go about accumulating and managing the accumulated funds because it is not just enough to buy Bitcoin, but being able to manage it well is equally important.
What we should be more concerned is how to strategize to be able to conveniently buy Bitcoin, hold it and make it a continuous process. That is indeed what the many contributors are emphasizing, giving great ideas that when utilized will address the issue of panic sells, quest for quick profits, FOMO and other challenges that many Bitcoin investors face.
Anyone starting his Bitcoin career will first address key issues such as:
- His cashflow: If regular or unpredictable as that will influence his step 2 below.
- His method of buying: If it it will be bulk purchase or applying the DCA method
- Emergency funds: This will take care of unexpecting developments that make him to sell his Bitcoin at the time he did not envisage
If these are well taken care of, it becomes easy to start the Bitcoin journey with target and the emotional rest needed to manage the assets properly.