Quote from: GIF-JOBS on Today at 09:32:53 AM

Quote from: Nheer on Today at 08:03:54 AM

An important aspect is discipline and I think this is what you are trying to point out, it is a quality that every investor needs to have to be a successful bitcoin holder because the journey is not always rosy and it will take a strong mind to withstand and overcome the selling pressure when there is a dip in price during bear season. A disciplined mind will achieve a whole lot over a long period of time with bitcoin, there is no need to panic and sell when things are not going well you just have to keep in mind that there will be ups and downs during the journey.

To avoid selling we need to strategize and plan our investment properly and not invest money we intend to use for other things and we should always set aside emergency funds to cater for unexpected expenses to avoid liquidating assets prematurely but most investors take it for granted and feel it’s not a necessity.

In fact, discipline is very important in holding an investment for a long time, the fluctuations of the cryptocurrency market are absolutely normal, it will always fluctuate, that is why we have to try to remain normal during these fluctuations from the beginning, there are many who panic and sell at the slightest fluctuation, which usually creates obstacles in their path to success. As a result, they always lose the opportunity for success and always lag behind.

So, a investor will be successful only when our holding is long-term, so if we can hold for a long time through DCA with discipline and patience, we can definitely achieve big profits. And for this, we must make strategic decisions, and start holding with proper planning, and must keep emergency funds in the account, so that if we face unexpected expenses, we do not face any problem like stopping the holding.

There is need for you to be specific when mentioning cryptocurrency because there are lot of coins in the space perhaps it is a Bitcoin discussion thread hence the need to more specific as not to deviate from the concepts of the thread which is basically emphasizing on Bitcoin, if it is Bitcoin it is best you say Bitcoin than generalizing your narratives with term cryptocurrency. However, volatility is an inherit trait of Bitcoin.