You must have a source of income if you must succeed in your holdings.
For the few years I have been into cryptocurrency, I have discovered that you can't hold till the right time if your don't have a source of income. Just imagine that you have a pressing basic needs like feeding or rent, then you don't have money to finance it, you will be forced to sell your Bitcoin at a loss if you don't have a source of income outside your holdings.
Most people that have sold their Bitcoin holdings at a loss or at an average price actually have the patience but don't have the knowledge of how to hold, because a good holder must be aware that he needs a source of income for him to be able to consolidate to his holdings.
It has happened to me severally, I have been able to hold now, since I started working as a merchandiser with Guinness, I think most times, experience is the best teacher.
I came across a post where someone said 'he invested his last dime while he was faced with starvation and homelessness because his conviction did not allow to touch his capital. He stated categorically that he feeds once a day whereas he was having an investment in bitcoin'. That condition is not an easy one. Judging from my perspective, I can't endure hunger, be homeless and feed once just to hold my investment. My brother if you die, your investment will lost.
I think before investing there should should be other source(s) of income because life must be in continuace.
Sometimes extreme examples will help to illustrate these kinds of various points regarding both discretion and even figuring out a balance, including that each of us is not going to make the same choices in regards to how to find balance, if any.
Some times people do end up making the wrong kinds of choices, which might be a demonstration of someone's life to be continuously making bad choices and part of the reason that some persons are living on the very edge and without any kind of normal financial cushion has to do with their ongoingly making wrong choices, and perhaps sometimes not even being able to get out of their situation once it gets to such a bad place that it becomes harder and harder to build some kind of a steady income stream... because sometimes even a homeless person might come to realize that he needs to change his ways and figure out a way out of his situation after he had gotten himself into such a place..
Most of the time people realize their mistakes and wrongdoings when they are on the edge of suffering difficulties in life and think --why do I never save money and invest when I can still have a good job and huge income? People usually don't think about preparation instead, they prefer to make themselves happy today and suffer later. That is why only a few people are into doing business while a lot of people are in the labor force even though they are old already as they don't have other options to live.
Even in crypto, people already hear about Bitcoins but still ignore the opportunity. Yes, it is really the choice of the person but sadly most of the time they choose the wrong one.