Quote from: letteredhub on August 09, 2024, 07:12:40 PM

Quote from: KeenanEl19 on August 08, 2024, 08:46:10 PM

Quote from: JayJuanGee on August 07, 2024, 03:33:35 AM

Of course, if we might know about some of the details of some newbie investors, such as if they are reasonably investing within their discretionary income and they are providing themselves with various kinds of cash cushions, then it may well become more and more likely that they are going to be able to have a consistent investment in bitcoin and they are not going to be easily shaken out of their bitcoin investment due to lack of proper financial preparations... yet sure, there could be other things, besides having solid financial preparations that could influence whether a person decides to stay or not in their bitcoin investment in the long term, such as 4-10 years or longer.

determining a plan is something that must be considered, because this is something that is also said to be important. if you think about it, for those who are just starting to invest in bitcoin, they have their own strategies and choices that they think are the best choices for themselves, whether it is long or short term, they will take what they think is good.

Investment is one economic way of sustainably developing our funds and surely we can't do that successfully in a short term duration. For short term period bitcoin investment there's the tendency that the investor may be less profitable or not profitable at all within the short duration, that's what makes a long term duration the best investment plan for bitcoin because you can always adjust your time further based on the market performance if price takes a downside direction and sits there for some period of time the investor doesn't grow anxiety since from the initial the plan was for a long duration.

Initially you should not prioritize your fund development trend. Your primary focus on depositing/investing Bitcoin should be from your disposable income which should influence its growth over time. If you are accumulating bitcoins to grow your funds, the withdrawal pressure may increase during price increases which may be trading for you. Allowing Bitcoin to grow naturally should be considered a positive long-term investment project that should continue to grow in your portfolio on a regular basis regardless of price. A downtrend in the market should be slightly more aggressive than normal buying if you have an emergency fund with at least 6 months or more of your cash. The higher the amount of your floating cash, the more aggressive buying you should do in downtrends. Your goal should be holdings not profits.