Like many people have already said, investment fund should be separated from funds for basic needs thereafter emergency funds should also be kept for optimal management of the investment portfolio. This way there will be no pressures to sell even if the price drop because there is the confidence that Bitcoin will always recover with time.
I agree.
Because what happens when your entire investment like if you're holding Bitcoin is your entire wealth, there is a big tendency that you will be forced to sell it at a time that you're not willing to sell but you have to.
That's why when we invest, make sure that we've got funds as well like emergency funds or extra funds that will be touched and protect our assets like in Bitcoin if unforeseen times comes.
Our aim should be how to make our investment long-term, for long-term holding we are given ideas about different strategies. We will usually invest long-term so no bitcoins will be withdrawn from here (the original hold bitcoins) but deposited.
We have to make our investment decisions with external sources of income. If you are dependent on the original holding then your holding will not be long-term by any means. Here's why your holdings can be sold in the pursuit of scarcity (these discussions are important if you adopt the DCA strategy, you can get rid of all these hassles, and your investment will be long-term).
Those who have a physical source of income will be able to participate in the investment with additional money. Investing in the DCA approach helps to absorb all types of risk. Never think of selling holdings as it can ruin you. Avoid selling holdings and benefits.
In other to be determined to succeed as an investor it requires discipline because if you are not disciplined then you can't really hodl for a long term because sometimes there might arise some circumstances whereby you are left with no choice than to tamper with your holdings maybe simply because you don't have an alternative funds that can sort issues at any challenging time and as a long term investor who is determined to accumulate as many bitcoin in your portfolio you ought to make sure that your income doesn't only generate from one source such that in a situation whereby the basic income you used for DCA doesn't come as regular as before, you can easily switch over to your other source of income to continue the DCA pending when your normal source of income reinvigorates.
Having diverse source of income will help never to miss out at any intervals during your DCA because you're already sure that if plan A doesn't work out then plan B will actually work out and this are good qualities of an investor who wish to hodl for a longer period of time and before you know it you have already acquired enough Bitcoin in your portfolio afterwhich you can decide to sell some part of your coin at a higher price.
On know account should any Bitcoin investor liquidate the quantity of Bitcoin he is hodling while using DCA because it will lead to non achievements of hodling for a long time in the sense that the amount that has been liquidated will affect the DCA and moreover, may not be replaced anymore therefore the quest to acquire more Bitcoins in ones portfolio may be conquered.
Not being skeptical, sure discipline is required to hodl but your must station your mind in what you want first, believe that what you want as an investor matters a lot, if you know what you want, setting a strategy in other to achieve your goals wont be very difficult, severally it has been preached that for you to call yourself a successful investor, you must have a good investment plan that will make you resist the urge of wanting to withdraw your investment, don't be greedy because if you are, you must at a point want to withdraw from you investment, don't lavish funds that you set aside from special needs so that you wont think otherwise, hodling is the way to go and don't forget to keep increasing your coin as much as you can.