Quote from: Lidger on Today at 02:20:31 PM

Quote from: Publictalk792 on Today at 01:35:06 AM

Quote from: Just Say on July 01, 2024, 07:16:23 PM

Everyone makes this investment as a sign of long-term holding of their Bitcoin investment before investing. But many of them are not able to keep their investment for long mainly due to their lack of proper investment plan and source of income. Suppose you invest in early stages and even swear from the beginning that I will continue for a long time. After you start investing in bitcoins, you find yourself in a financial crisis and sell your investment. Such is the case with many people that they try to keep their investment for a long time but they cannot continue their investment for a long time due to lack of sufficient opportunity i.e. lack of sufficient money.

So before investing in Bitcoin make a decision in such a way that you never have to sell your investment. Set a specific goal and keep investing until you reach that goal.

I completely agree many people invest in Bitcoin with intention of holding onto it for long term but mostly they are forced to sell due to financial constraints or lack of proper planning. It is really important to have a solid investment plan and stable source of income before investing in Bitcoin. Setting specific goal and sticking to it is very important so we do not end up selling our investment prematurely. It is important to be realistic about our financial situation and only invest what we can afford to hold onto for long term. By doing this we can avoid pressure of selling during market fluctuations and achieve our investment goals.

We will have financial needs on the way in life and it is normal that our financial condition will not be good all the time but even in the midst of this we should implement the plan that we make properly. If we invest in a long-term investment plan, we must hold that investment for a long time. By investing ahead of time we forget that we have invested this amount of money. In this case I would advise the investor to invest a relatively small amount of money and keep some money aside for his needs. If the required amount is separate, then when his financial needs arise, he can meet his needs without selling his investment. I invested in long term plan when I needed it I sold the investment and when I got the money I invested again If we invest like this then we will never be successful in holding our investment for long time.

It has been frequently said here that let out investment money come from our disposable income after which we have ensure that whatever we might have considered to be a basic needs have been taken care of, and considering the fact expenses may varies in different weeks or months hence it is expected that the weeks or months we have lesser expenses our disposable income will as well increase alongside with the amount to invest and vis versa in terms of when we incured higher expenses, the logic is that your investment amount should be directly and relatively related to how much of your disposable income either weekly or monthly as the case may be which shouldn't have to be like a burden to investor.