2. Lack of fund: these are people who understands how Bitcoin investment works but because they don't have good source of income that can help them sail through...
Such person should look for a second means of income or cut down his expenses if he has the zeal an d desire to invest in bitcoin, he will find a way to invest with a little amount because you must not start buying bitcoin with big amount of money.
No one should be pressured to invest in Bitcoin because it will make no sense for someone who is not financially stable to invest in Bitcoin because they will end up selling to meet up their immediate needs. Even as we wish to invest in Bitcoin but it shouldn't be under severe financial circumstances, if anyone should invest in Bitcoin it should be at a time when they have a steady income that will sustain their investment plans. Anyone can decide to start making investments at any time they wish to provided they have a long term targets, they definitely gonna own as much Bitcoin as they wish to. Bitcoin is still very much developing, there's no need for a rush for someone who isn't financially buoyant instead they need to look for jobs or businesses that will generate steady income for them then they can use the proceeds to invest in Bitcoin.
Basically investment is an independent medium in which an investor accumulates bitcoins as per his wish every week or every month. Investments mired in a web of obligations may not be viable in the long run. You need to ensure an alternative source of income to meet the daily needs of the family as well as maintain a decent amount of Bitcoin deposits. Alternative sources of income will justify you holding large amounts of Bitcoins for the future with every responsibilities properly performed.
You should definitely advise those who want to start and are interested in depositing bitcoins based on their disposable income and possible price progression of bitcoins. A common mistake many guys make when it comes to investing is to give more priority to investments than real assets which can hurt them later such as the tendency to withdraw midway. I think the tendency for a bitcoin depositor to withdraw investments midway can deprive him of much profit. Also by long term holding he could get huge stack in future and decrease UP.
You wont really be able to feel out any panic if the amount you are investing is really that something which is really that an extra amount in comparing when you are investing with your last cash or simply having that all-in, then every movement of the market will really be giving out that kind of emotion on which it can cause up that kind of impulsive actions which will really be that resulting into bad decisions which causes up loses.
Profitability will really be depending on different factors on which of the ff: Good risk management, decision making, emotion control etc. .On the time that you could be able to determine on what are the viable things on which it would be significant into your crypto investment then most likely you wont really be able to experience out much loses.Although it wont really be that an assured thing but at least you do know on what you are doing.
Buy or Sell, it might sounds too easy or pretty basic but on the moment that you are on such actual situation specially on a dumping market. Then pretty sure you would be having those doubts on the actions
that you will be making whether you will be selling or buying. Tons of things that will come inside into your mind on which it will really be causing up that kind of confusion.
If you arent that good about self control and your mindset then it will really be resulting into tons of mistakes.
No matter how little the amount is, it is good to invest with such amount and have a long-term goal, so that it can help you make conclusions on how much you will be using to buy bitcoin weekly or monthly regularly thag will not affect your emotions. Long-term goal will kill the panic in you because you have made plans and target for 4-10 years bitcoin accumulation time frame. This will enable you not to bother about the market price of bitcoin but your focus will be to keep your DCA ongoing to avoid any pause in buying.
There are a lot of expenses that some people give to themselves which is irrelevant and not necessary, like gambling and drinking weekly and they don't see it as a financial burden to them. Those funds can be channeled into buying bitcoin weekly using DCA overtime so that you can build and grow your bitcoin portfolio with ease for the future. Instead of you gambling and hoping to hit the jackpot soon, buy bitcoin regularly with the funds and in future when you bitcoin stash have increased significantly with profit, it mean that you have hit the jackpot with your bitcoin investment.